Buy Gold: Celebrity Madness

Gold Investment - 21 November 2011

It will not surprise us a bit if American taxpayers get mad as snakes considering the latest report released by U.S. Senator, Tom A. Coburn of Oklahoma: Subsidies of The RICH and FAMOUS. In fact, it will neither surprise us a bit if the bulk of American taxpayers don’t get upset at all, because the majority lives in a fantasy world where celebrity madness is in the order of the day.

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

The Average Joes are struggling at best to keep head above water in the U.S. (yes, in the United States as well), but the rich and famous, including celebrities such as Jon Bon Jovi, Ted Turner, Bruce Springsteen and others, receive no less than $30 000 000 000 ($30bn) in U.S. Government subsidies annually: Unemployment checks to the tune of $74m, residential energy tax credits to the tune of $75.6m, government backed college loans to the tune of $16m, farm subsidies to the tune of $316m, compensation for damage caused to uninsured property to the tune of $7.5m, and last but not least, retirements checks to the tune of $9bn. Furthermore, if one considers that $1bn has only three digits less than $1tn (trillion) and that debt in the U.S. is standing at $15tn, then it is absolutely shocking that the U.S. Government has the audacity to handout $30bn to the rich and famous annually. Even more outrageous is the fact that between “…2006-2009, taxpayers were on the hook for $21 billion in gambling losses written off by millionaires…” (Millionaire Celebrities Getting BILLIONS in Gov’t Subsidies, Wealth Wire, Jimmy Mengel, 15 November 2011). Yes, the American taxpayer had to pay an astonishing $21bn towards bloody gambling losses!

Invest in precious metals today! Contact us for details.

Invest in precious metals today! Contact us for details.

Bon Jovi and his band made $125m last year, but only paid $100 towards property taxes “…for vast land holdings in New Jersey that he uses to raise bees” (Millionaire Celebrities Getting BILLIONS in Gov’t Subsidies, Wealth Wire, Jimmy Mengel, 15 November 2011). Now one can get very upset about this and climb up a wall, and rightly so, but the best way to protest is to buy and hold physical gold (or physical silver for that matter), because history has proven beyond a reasonable doubt that this type of status quo doesn’t last forever, it will come to an end with the complete collapse of the once mighty U.S. Dollar (which has only about 5% of its original purchase value left).