Which Is Better: Gold Or Gold Stocks?
http://www.personalliberty.com/asset-and-wealth-protection/wealth/which-is-better-gold-or-gold-stocks/?eiid=&rmid=2011_11_11_PLA_[P11722334]&rrid=395202289
........may be the best assessment of metals in a while. I have nothing to invest in anything so didn't know gold stocks hadn't kept up with gold per se. Anybody who does have even a few hundred to invest, this relative lull in the gold and silver saga may be the best time remaining to jump in -- see link to gold and silver program at the PN homepage!
An interesting Bill Bonner column was added to the above column as a comment on November 10, 2011 at 7:22 am. It's ultimately pessimistic about the fate of the US -- who in their right mind isn't?
..........I went to the Anderson, S.C. hearing by a roster of Duke Energy politicians on the utility's intention to raise consumer rates by 17%. They were all such ladies and gentlemen you wanted to walk up and invite them for a glass of sherry, but the need was great for the truth to be told -- and tell it we did.
There may have been about 100 people there to either speak or spectate. Lots were very articulate and earnest -- only one or two were real shills. Shortly into the first three-minute venting by a citizen about the rate hike people were already applauding his criticisms of the plan. Much was heard about the evils and phoniness of the deal, often making reference to the fat salaries and compensation top executives receive.
The hike makes no sense at all. The company is running a good profit and brags in its website about its progress in this and that quarter of the year. I didn't mince words in my speech, but had heard the time limit was three minutes each. Here's what I prepared -- Used about 2/3 of it, somewhat watered down:
I'm Nelson Waller and I live downtown. The news that you want to hike rates so high is a shock! It would be in any age, but the fact that you want to do this in the midst if a depression is simply mind-numbing.
What have you done to deserve to gouge us? What have we your customers done to deserve this? I have heard NOTHING that could possibly justify this assault on our resources, especially since the only conclusion one can draw from it is that you have failed in your basic mission, which is to provide affordable power to consumers. Yes, my friends, that is what you're supposed to exist for as a corporation -- to deliver what the people need at a price they can handle. Are you not admitting to us with this proposal that you don't know your business?
We live in a time when every politician seems to be stuck in a job many positions higher than what his or her talents merit, with the result that politics and economics have gone straight to hell and are dragging everything else down with them. Most notably, every president is worse than the last. They all seem to exist to fleece the sheeple and drop bombs on total strangers on the other side of the world. Tell us, please -- are you the Bush or the Obama kind of executives?
Would you, Madame Chairman, please be good enough to reveal the value of your total salary and benefits package right here and now?
We your customers will be happy to talk rate hikes as soon as you people cut your top leaders' salaries down to $100,000 each OR LESS. Anybody can live on that kind of money, but only a few in that category work in semi-monopoly outfits that are demanding ever more blood from the public.
If you want more of our money, here's what you could do to first show your good faith: put a big sign up behind you at these hearings AND ON YOUR HOMEPAGE listing the salaries AND BENEFITS of your top executives -- and another chart of your corporate giving records. A strange pattern is remarked today: the economy goes to hell, but top executives' salaries, prestige and perks go up up up, whether they be in politics or the private sector. The private sector gets less private all the time as mega-corporations are constantly in bed with the politicos and their owners.
I used the word DEPRESSION earlier and pride myself on being among the few calling it what it really is. How is it that the supposedly greatest, freest, most prosperous country in the world is going down in financial flames as we speak? Maybe people like you had better look in the mirror for the answer -- and contemplate that when the economy is totally ruined by your kind of greed and corruption, you high rollers are going to be out of a country to live in, the same as working people.
There is a youtube video entitled Obama: My Plan Makes Electricity Rates Necessarily Skyrocket in which the so-called president of the United States is seen and heard in close-up saying QUOTE "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket..... coal powered plants, natural gas, you name it, whatever the plants were whatever the industry was they would have to reftrofit their operations. That would cost money, they would pass that money onto consumers." UNQUOTE Is that what's going on here -- sheer uncut Obamanomics? You're proud of your "community" involvements -- what have you ever done to promote free enterprise over socialism, dismantlement of the Federal Reserve, and the restoration of Constitution real money such that none of the horrors we're seeing could even exist?
Don't raise our rates. If you do, everyone will know that YOU have failed your customers, or you are cannibals -- it has to be one or the other. Don't come to us for more money -- leave rates where they are or find someone else competent run Duke Power and hand it over to them, please.
Three fellow citizens warmly thanked my for my tirade at the break -- two of them black despite my busting of Obama./\/.\/\/. torpenhow@charter.net (864) 356-9966
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