Investing in Gold, 2

 
 
 

Vocabulary

debt	worthless	purchasing power
deficit	diversity	time and time again
rely	support	pay the price
cater	collapse	Federal Reserve
value	cover (2)	get you far
furious	currency	add up (2)
trust	back (3)	reserve currency
status	inflation	neck deep
waver	abandon	get out of the hole
hope	nest egg	picket fence
asset	prevent	recognize
trillion	protect	hard-earned
honest	savings	devaluation
rare	durable	bail him out
bullion	pass (2)	wear out (2)
decide	portfolio	out of control
deliver	platinum	palladium
ruin	bar (2)	competitive

 
 
 
 
 

Video

 

 
 
 
 

Transcript

Sam is living the American Dream: he has the white picket fence, 2.5 kids, a loving wife — and a household debt of $140,000?

What?

His family earns $21,700. But they spend $38,200. Something isn’t quite adding up here.

Their total deficit is $16,500.

But hey, it’s okay: he has friends and family who bail him out time and time again.

But he is starting to worry.

How long can he rely on this system before it collapses.

Would you manage your life this way?

Probably not.

But the government does.

And as a result, we taxpaying citizens, pay the price.

Here is the ugly truth: since the Federal Reserve was created in 1913, the US dollar has lost 95% of its purchasing power.

One hundred years ago, a dollar would give you this much gasoline (100 units). Today you would get this much (5 units). Now that’s not going to get you very far.

How in the world could this happen?

Government spending is out of control. As a country, we make two trillion dollars — but we spend fourteen trillion.

And what’s the government’s plan to cover the debt?

Print more money!

As they print, the value of the dollar decreases; and inflation increases.

The problem is we do not have the power to stop the Federal Reserve from printing worthless paper currency known as the US dollar.

Up until 1971, the dollar was backed by gold, building trust in other countries, and gaining status as a reserve currency in the world.

However, all that changed when President Nixon closed the gold window.

With no gold to back the dollar, trust in the dollar began to waver.

Today, we are neck deep in debt, furiously printing money to get out of the hole — all the while, decreasing the value of the dollar, causing other countries to abandon hope in accepting the US dollar as payment for debt.

In fact, Brazil, Russia, India, China and South Africa have already decided to stop using the US dollar as their reserve currency.

Without foreign support, the dollar will eventually become . . . worthless.

But there is still hope.

We may not have the power to prevent the Federal Reserve from printing. But we have choice on how we protect our individual assets.

Now is the time for gold.

Why?

For centuries, gold have been recognized as one of the best ways to preserve one’s wealth and purchasing power because gold bullion is real, honest money that has held its value for nearly five thousand years.

As such, it protects your hard-earned savings against the devaluation of currency.

Gold is rare, durable, and does not wear out in the manner of lesser metals or paper when passed from hand-to-hand.

A small amount easily carried, can purchase a significant amount of goods and services.

It’s universally accepted as currency, and can be easily bought and sold around the world.

Best of all, no one can print gold.

If there ever was a time to invest in gold, it’s now.

And gold bullion exchange can help you protect your nest egg, by diversifying your portfolio with physical gold and silver.

Gold bullion exchange caters to every type of investor, from beginners to experts. And they carry all the popular gold coins, gold bars, silver coins, silver bars, platinum and palladium.

At competitive prices.

These items can be purchased from their website, and delivered to your home in three to four days.

Don’t let the Federal Reserve ruin your American Dream. Protect your nest egg, and invest in gold.

Visit www.***.com or call 1-800-*** to find out how to protect your nest egg and invest in gold today.

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Questions

1. Is Sam a real person, a typical American or a statistically average American? Does he have problems? Is he in trouble? What has been his solution?

2. The US Government does not have its budget and finances in order. The US Government budget is not balanced. True or false?

3. What has been the government’s solution to its deficits? Is this a good “solution”? Are the prices of coffee, bread and a burger the same now as they were in 1955?

4. 1971 was a watershed year in US and global finances. Is this right or wrong? What happened then?

5. Since 1971, has trust and confidence in the US dollar remained the same? What have some countries decided to do? Is the speaker optimistic or pessimistic about the US dollar?

6. Gold has unique properties. Is this correct or incorrect? Does it have a long history?

7. Does the speaker make a suggestion? What does he suggest viewers do?

 
 

A. Is this video a documentary; a marketing, advertisement and promotional video, or both?

B. How do people in your country view the dollar? The euro? The pound?

C. Is gold a popular commodity? Are there many gold jewelry shops? Do people like to buy and own gold?

D. What role has gold played in your country’s history, culture, myth, folklore?

E. Do you think gold is a good investment?

F. What will happen in the future?