The world stock markets continue to tumble and people are looking for "safe" havens for investment. Who can they trust for advice?
At the time of this writing, Wall Street seems to be rallying. Loads of financial correspondents are calming the American public, "Don't panic - stay in the market; everything will be OK!"
Do the big investment bankers believe that everything will be OK on Wall Street? If so, why are they all hoarding gold as fast as they can?
According to securities attorney Avery Goodman, Goldman Sachs and HSBC took major positions in physical-hold-in-your-hand gold last week, while continuing to recommend against buying gold to their clients! The gold bars were not purchased for bank clients. They were purchased for the banks themselves. How do we know this? They are designated by the exchange as being for delivery to the bank’s “house” accounts at COMEX, not to client accounts.
As of August 6, before the stock-market bubble began its nose-dive, Goldman Sachs (NYSE:GS) and HSBC (NYSE:HSBC) took delivery of a sum total of 7.1 tons of physical gold. Goodman writes, "No, I have not made any typographical errors. And no, I am not talking about electronic paper claims. I am talking about shiny yellow metal stuff that you can touch and feel."
Many people had a fit when a gave a straightforward spiritual analysis of where the market is going, both major investment banks Goldman Sachs and HSBC seem to be listening to what I wrote 9 weeks ago.
The conclusion one might make is not to do what your broker says, do what he does.
A better conclusion is not to listen to your broker at all; listen to your spiritual guide. If you don't have one, then search for one. Pick a spiritual guide who totally walks the walk and not simply talks the talk.
So what do you do with your money? Don't invest in the USDollar or in the Euro, for they are simply printed currency with no backing. Gold - solid gold - is better.
Yet, better than solid gold is real estate in Israel. The best is to buy yourself a flat (apartment in our local jargon) in Israel, make aliya and come live here. Hashem is creating all the difficulties around the world to bring His beloved children home to Israel when they wouldn't get up and do it on their own, so that they won't hold up the Geula process.
The historical pattern of financial difficulties is always followed by blaming the Jews. Don't wait for that to happen. Come home now, cherished brothers and sisters.
A tip of the kipa to Dr. Harry Hamburger for his contribution to today's post