iBankCoin
Joined Jan 1, 1970
1,010 Blog Posts

Own REAL Gold.

I am happy to report the successful siege at The Castle at Jakegint has led to the removal of his Lordship. From hereon forth, King BEAS will rule both the King of the Peanut Gallery and the Blog at Gint, for as our sovereign as the lord keeps me alive. Gold stocks crumbled like little pieces of hamburger today, as the fiat world of currency clashed with the fiat world of gold. When will you intellectually challenged people realize GLD and other “precious metal ETF’s” are nothing more than humorous decoys, perpetrated by the ruling elite?

If you want gold, buy a mine, preferably in Peru or Africa. You do not need a lot of money to buy a mine, only the stomach to deal with worker rebellions.

My family is the employer of more than 300,000 miners worldwide, just like those blokes in Chile. Mining is a dirty business, for the miners that is. For my family, it has afforded us with a very lavish lifestyle, one that you can only dream about when reading the Robb Report.

If you only have a few million to invest, open up a “We Buy Your Gold” store front in your neighborhood and “mine” the gold from your neighbors. Those stupid bastards will sell you their 18k lockets at a 50% discount to spot prices. Trust me, I have seen it with my own eyes. After you take their gold, send it to a good refiner and have it purified into 24k gold. If you have access to decent lines of credit, you can start your very own refining business, where you can chisel 10%-20% off spot prices from every “Buy Gold Here” store in the country.

Do not be lazy and resort to buying zero karat gold, like stocks and ETF’s. Be an owner of the material and live like a King.

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3 comments

  1. JuiceyFruit

    Jake is not biting.

    Buffett says “Forget Gold, Buy Stocks” http://money.cnn.com/2010/10/18/pf/investing/buffett_ben_stein.fortune/index.htm

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  2. omen

    Is this what I gave up my crown for? Articles about Gold, 8 days apart… Geeze… Even with high blood pressure I could have provided the readers with more !!!! Get on with giving us some value added content!!!

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    • TimWP

      Long time reader, first time poster.

      I completely agree. This used to be one of my favorite sections to read and now there are weeklong droughts of no content. I know it is free so I shouldn’t complain, but the quality has gone down significantly under the new monarch.

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