January 02, 2012
– Comments (6)
Time to buy bullion.
Been buying particularly mining stocks. Decline makes him even more bullish.
Doesn't think much left to the correction. Not enough people are in gold. Most underowned asset out there.
It's not default, but how they'll pay: printing money, that will make gold go up. Rates too low. World is looking for alternatives to (all) currencies. They need to own gold but are still clueless.
Peter Schiff just launched a gold-backed debit card that I'm looking into. I've been waiting for it for a while but can't find it on his website yet, plus it's not available in the U.S.
I e-mailed EuroPacific Canada today and am eagerly awaiting a reply for some details.
Post the details on that gold-backed debit card, if you can, when you get them. Even if it means travelling out of the country to get one, and not using it here, it might be really helpful if one had to boogie out of the country in a hurry.
Having a gold-backed spending source that works outside the US sounds really handy. Assuming one could be funding it little-by-little while living and working in the US.
[This is how I heard about it. Still no word back from the guy from Euro Pacific Canada.]
Found the link.
Interesting. He says at a couple points that he "can't market it to US citizens" and at another that he isn't "selling it to US citizens" but never that he is not allowed to do so. In fact, he has one himself, and has used it, so it might still be possible to do what he did (unless he has renounced his citizenship perhaps).
Another tactic would be to get one for a foreign friend, whom you would trust to keep it in trust for you. Presumably someone at a location you would go to once you left the US.
Of more immediate interest is the referral program. Marketing to your friends brings up MLM nightmare feelings, but on an informal basis might be a good thing.