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GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
Tuesday, May 29, 2012
Bob Chapman : I recommend the Treasuries denominated in Swiss francs and Canadian dollars.
Bob Chapman : I think the most important thing is the preservation of capital. How do you do that? My way to do that is in gold- and silver-related assets. It doesn't mean I'm right, but I think that's the best answer. For people who have lots of money and don't want it all in gold and silver, I recommend the Treasuries denominated in Swiss francs and Canadian dollars.
Some people want income. You have oil and gas trusts. There's nothing wrong with them. They pay very well, about 7% a month. That's a fit for some people. But getting in the general market I think is too dangerous, like buying a 10-year Treasury note and getting a 2.42% yield when I think inflation is much higher than that. - in theaureport