Gold Bullion – Texas joins the gold rush

Texas has just announced that it is going to build it’s own gold bullion repository (I guess that’s a big plain old fashioned safe to you and me) in which they plan to store up to one billion dollars of gold.

Where will Texas get one billion dollars of gold you may ask?

Well, from the Federal Reserve in New York by all accounts.

It turns out that the state of Texas, for some strange reason, are worried about a currency crisis and in a snub to the Fed they clearly don’t trust anyone else to look after Texas gold other than the state of Texas. They feel this is a good way of staying solvent in the event of a meltdown and want to know exactly where there gold is in the vent of a crisis. Maybe they’ve been reading my newsletter eh?

Why buy gold?

“Why buy gold?” is probably the one question that I get asked the most often. In an age of debit cards and credit cards, even for transactions as low as a few pounds, you can see why this generation struggle to understand the need for anything other than a digital bank account. At the end of the day, I guess it all comes down to trust. Who do you trust to keep your money safe? I maintain that the only person you can really trust is yourself – no one looks after your own money better than you do.

The one thing that stands out is that central banks around the world, the very people who love fiat currency (unsupported paper or digital money systems), are the very same people who are stashing all the gold and silver bullion they can get. Don’t you find that just a little bit odd? You can understand why people like me think gold is safe store of wealth – but when the banks, individual states and even countries like Germany and Holland start getting in on the act it does raise more than a few questions.

Buy gold – while there’s any gold left to buy.

Of course, buying gold over the past three years hasn’t been the most rewarding thing to do. Prices have fallen over the last three years – not gone up. And that in itself raises even more questions. If China is buying as much physical gold as it can lay its hands on, how come prices are falling and not rising?
Well, since the media is full these days of massive fines for manipulation of the markets by our so called trusted banking institutions I don’t think anyone will be surprised if the next scandal is the manipulation of the gold markets do you? In fact some fines for this are already making the headlines.
Texas is a the latest in a long line of people around the world who are all demanding the same thing – give us our gold back so we know exactly where it is in the event of a crisis.
If it’s good enough for them it’s certainly good enough for me. One day soon those gold and silver coins may be the most valuable thing I own.

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6 Comments

  • At £100 to double-you’re not really competing with large scale seasoned professionals.

    Once you go down the doubling numbers you begin to compete in effect with institutions and or Goverment policy etc(as that kind of continual doubling becomes an Intrest to the other 7 billion people and stated Goverment)

    As a result-after a handful of these ‘doubling’ moves…the ability and time and competing positions from other investors and said governments etc just make the ability a compounded hardness.

    Hopefully as we become more sophisticated we can enjoy these posts but realise they are like any other headline….attention seeking!

    • I’m afraid that none of that is even remotely true, Gerry. Remember, DYWTAM was written by not one, but two, multi-millionaires using these very techniques. I suspect that you’ve been ripped off in the past by the many “get rich quick schemes” that are out there. That’s a real shame. Having done all of the fourteen levels myself, (and I watch others do the same every week), I feel highly qualified to disagree with every single one of your comments. If you’re not rich now then you have to change your thinking if you want to make serious money. Here’s the thing; “If you keep doing what you’ve always done – you’ll keep getting what you’ve always got”. Stop and think about that for a minute. I don’t know if you live in a two million pound house but if you don’t, here you are telling someone who does that this won’t work. Really? The DYWTAM Programme is a genuine no-nonsense guide on how to become a millionaire – and absolutely anyone can do it.

  • Barry, is it only 10 issues of Double your way to a Million? A friend of mine who is interested wants to know, thanks.

  • hi barry i am interested in your horse racing course and your recommendation of using isiris,i understand kevin booth has resigned from isiris do you still recommend we use this company still thank you,and also i notice on your websitethat it is still dated 2017 .

    • Good question. I have not used the Isiris service recently. I had a brilliant 11 year run but eventually I got closed down by all the bookmakers. I guess that’s a real sign of success but it was fun to do and I actually miss it. I did not know that Kevin had actually retired but I understand that the results this year have been extremely good. Maybe regular readers who still use Isiris can update me on that one and let me know how they are doing.

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