36 Facts No Gold Investor Can Afford To Ignore
The Catalysts That Drove Bullion Sky-High In 2008 Are Here Today -- In Spades
Do you believe everything you hear or see? Of course not. And you hope most people don't. Unfortunately, that's not the case regarding gold. You'd be surprised how many U.S. citizens believe gold is finished. History.
Now, look everywhere else on the planet.
The story doesn't seem to have much credibility outside of the United States. Major nations such as China, India, and Russia are acquiring gold in record tonnage. The world's central banks, who used to sell gold in record quantities, are now buying huge quantities of gold, trying to make up for lost time. Some nations are strongly urging their citizens to buy gold now. Guess what? They're listening, and buying gold -- even when they have to pay extreme premiums to acquire it. If they can even acquire it.
How ironic that the recent gold dip is presenting a fantastic buying opportunity here in our country. Some U.S. investment firms are doing all they can to tell you to stay away from gold -- while at the same time they're buying it.
Maybe it's not ironic -- maybe it's wrong. In fact, you'd be surprised how many U.S. stockbrokers and investment firms are buying gold today even as they warn their clients not to do so.
Many of Blanchard and Company's clients aren't believing everything they hear from their stockbrokers and the media. They remember very clearly what happened in 2008. You probably do too. In the beginning, everything was rosy for the stock market, and gold was an afterthought, at best. Within the year, the roles were reversed, and gold became a top priority in everyone's portfolio. Stockbrokers and investment firms suddenly took a dramatic interest in gold, recommending that their clients acquire it.
Do you think things have changed that much since then? Well, here's what's changed: The conditions that could cause the gold price to skyrocket are even more prevalent than in 2008, and so are the catalysts that could dethrone the U.S. dollar as the world's reserve currency.
Here are 36 facts from Michael Snyder's Economic Collapse blog that no potential gold investor should ignore:
1. Back in 1980, the U.S. national debt was less than $1 trillion. Today, it is rapidly approaching $17 trillion.
2. During Obama's first term, the federal government accumulated more debt than it did under the first 42 U.S presidents combined.
3. The U.S. national debt is now more than 23 times larger than it was when Jimmy Carter became president.
4. If you started paying off just the new debt that the U.S. has accumulated during the Obama administration at the rate of $1 per second, it would take more than 184,000 years to pay it off.
5. The federal government is stealing more than $100 million from our children and our grandchildren every single hour of every single day.
6. Back in 1970, the total amount of debt in the United States (government debt + business debt + consumer debt, etc.) was less than $2 trillion. Today it is more than $56 trillion.
7. According to the World Bank, U.S. GDP accounted for 31.8% of all global economic activity in 2001. That number dropped to 21.6% in 2011.
8. The U.S. has fallen in the global economic-competitiveness rankings compiled by the World Economic Forum for four years in a row.
9. According to The Economist, in 1988 the U.S. was the best place in the world to be born. Today the U.S. is only tied for 16th place.
10. Incredibly, more than 56,000 manufacturing plants in the U.S. have been permanently shut down since 2001.
11. There are fewer Americans working in manufacturing today than in 1950, even though the U.S. population has more than doubled since then.
12. According to The New York Times, Detroit is home to about 70,000 abandoned buildings.
13. When the North American Free Trade Agreement (NAFTA) was pushed through Congress in 1993, the U.S. had a trade surplus with Mexico of $1.6 billion. By 2010, we had a trade deficit with Mexico of $61.6 billion.
14. Back in 1985, our trade deficit with China was about $6 million (million with a little "m") for the entire year. In 2012, our trade deficit with China was $315 billion.
15. Overall, the U.S. has run a trade deficit of more than $8 trillion with the rest of the world since 1975.
16. According to the Economic Policy Institute, the U.S. is losing a half-million jobs to China every single year.
17. Back in 1950, more than 80% of all men in the U.S. had jobs. Today, fewer than 65% of all men in the United States have jobs.
18. At this point, an astounding 53% of all American workers make less than $30,000 a year.
19. Small businesses are rapidly dying in America. At this point, only about 7% of all nonfarm workers in the U.S. are self-employed. That is an all-time record low.
20. Back in 1983, the bottom 95% of all income earners in the U.S. had 62 cents of debt for every dollar they earned. By 2007, that figure had soared to $1.48.
21. According to the U.S. Census Bureau, more than 146 million Americans are either "poor" or "low income."
22. According to the Census Bureau, 49% of all Americans live in a home that receives direct monetary benefits from the federal government. Back in 1983, fewer than than one-third of all Americans lived in a home that received such benefits from the government.
23. Overall, the federal government runs nearly 80 different "means-tested welfare programs," and at this point more than 100 million Americans are enrolled in at least one of them.
24. Back in 1965, only 1 in 50 Americans was on Medicaid. Today, 1 in 6 Americans is on Medicaid, and things are about to get a whole lot worse. Obamacare is projected to add 16 million more Americans to the Medicaid rolls.
25. The number of Americans on Medicare is projected grow from 50.7 million in 2012 to 73.2 million in 2025.
26. Medicare is facing unfunded liabilities of more than $38 trillion over the next 75 years. That comes to about $328,404 for every single household in the U.S.
27. Right now about 56 million Americans are collecting Social Security benefits. By 2035, that number is projected to soar to an astounding 91 million.
28. The Social Security system is facing a $134 trillion shortfall over the next 75 years.
29. Today the number of Americans on Social Security Disability now exceeds the entire population of Greece, and the number of Americans on food stamps now exceeds the entire population of Spain.
30. According to a report recently issued by the Pew Research Center, on average Americans older than 65 have 47 times as much wealth as Americans younger than 35.
31. The homeownership rate in America is now at its lowest level in nearly 18 years.
32. There are now 20.2 million Americans who spend more than half of their incomes on housing.
33. Forty-five percent of all children in Miami are living in poverty, more than 50% of all children in Cleveland are living in poverty, and about 60% of all children in Detroit are living in poverty.
34. Today more than a million public school students in the U.S. are homeless -- for the first time ever in our history.
35. When Barack Obama first entered the White House, about 32 million Americans were on food stamps. Now more than 47 million Americans are on them.
36. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of these states: Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.
Any one of these facts tell you to acquire gold before it goes back up. Together, they demand it. Don't wait until gold rebounds to the point that you can't afford it or find it. By then, it could be too late.
The choice is simple: Keep believing the mainstream media and big Wall Street investment firms, ignore the facts, and face this potentially looming economic crisis unprepared. Or protect yourself now by acquiring a diversified gold portfolio while it's still affordable.
Learn from history, not the current media "story." Call Blanchard and Company's Account Executives today for a precious-metals investment strategy based on your specific needs. We are ready to help.
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