The Prism Daily ~ Tue, Jul 03, 2012
Your ‘One-A-Day’ financial news-tritional supplement, including trace elements of information and analysis that every healthy investor needs. Specially formulated to address a wide variety of financial ailments. From the Desks of David Taylor and Gordon Philips, Directors of Prism Solutions and publishers of the weekly Prism Letter (past issues archived here) http://prism-solutions.com/prism-archives.htm
Today’s Daily Dose
Will India Implement The First “Executive Order 6102” Of The 21st Century?
Zero Hedge Reports: “Something strange has been happening in India in the last year… with its economy slowing down even as rampant inflation persists, its currency has been sliding against all other currencies… the key reason for the rupee weakness has… all to do with the Indian population trying to protect against currency debasement coupled with inflation: i.e., purchasing gold. And they will no longer allow it.”
Prism Comments: A twig has snapped in the global woods and Bambi is on full alert. Slowly and surely the world is turning towards precious metals as a hedge against monetary disclocations, which means stability for the citizenry, but… instability for the governments who rule, that is, govern them.
We predict, Dear Reader, that as time pass there will be pressures exerted here and there, advancing stealthily on cat’s paws, to make life more difficult for gold bugs everywhere. Whether it be taxes imposed on the purchase of precious metals, restrictions on their repatriation, limits on dollar purchases or all of the above, if ever there were a time for all good wo/men to come to the aid of their net worth, now would be a good time to start buying gold. And better yet, silver.
The metals have moved up every year over the past 10 years. Surely, surely! the public will catch on any day now… yawn… that owning some of this ancient money might be a good idea in an era of Bankers Gone Wild..
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Until next time…
May All Your Investments Be Profitable,
The Staff and Management of Prism Solutions, LLC
‘Better Investing Through Science’
‘No Investor Left Behind’
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