Gold Steady While The Social Security Administration Arms Itself
August 16, 2012
By James O'Dell
August 16, 2012, Los Angeles – The Gold price rose 0.24 percent or $3.90 to close at $1,602.30 an ounce on Wednesday, after consumer prices remained stagnant for a second consecutive month in July, delivering the smallest year to year increase in the Consumer Price Index (CPI), in 18 months, and leaving plenty of reason for the Fed to launch another round of monetary stimulus to jumpstart the sputtering economy. Silver traded flat at $27.79 an ounce for a third straight day, while the Gold/Silver ratio climbed to 57.66, as Silver under-performed Gold.
"The bigger worry is high unemployment," said Ryan Sweet, of Moody's Analytics. "Additional monetary easing is likely, but they are probably going to wait until later this year, possibly after the election (in November)."
Meanwhile, a disturbing report has just surfaced, indicating that the Social Security Administration (SSA) has just bought 174,000 rounds of some of the most deadly ammunition on earth, hollow point bullets, adding the SSA to a long and growing list of federal agencies, including the Department of Homeland Security and the National Oceanic and Atmospheric Administration, that have purchased many thousands of rounds of ammunition over the past six months.
Some economists have predicted that with the possibility of a complete economic collapse, civil unrest could follow. Could that be responsible for this preparation on the part of government agencies in stockpiling the ammunition? The official explanation is said to be that the ammunition is in preparation of possible civil unrest during a national emergency, like a natural disaster, or a terrorist attack, or even the collapse of the economy.
Without wanting to sound alarmist, some are sensing that there is something a bit more ominous going on, and that is that the federal government could be preparing for the imposition of Martial law. Whatever the reasons, none of which having been confirmed, the agencies of the U.S. government have been silently arming themselves to the teeth. It's times like these when the viability of paper currencies like the euro are in question, that physical Gold is the only true safe haven for your wealth. Don't leave your assets unprotected during these times of economic and geopolitical uncertainty, invest in physical Gold and Silver bullion and protect your wealth.
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