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News Link • Gold and Silver

Combating Annuities With Gold, Silver and Oil

• The Mogambo Guru via The Daily Reckoning

07/05/10 Tampa, Florida – People are always writing me and asking questions, which can usually be divided into one of two categories. The first category is the one that I call “Is there something wrong with you that you sound/look/appear so stupid/ugly/weird?” (Answer: “Probably”), and the other, smaller category is the one I call “Other.”

Most of the questions this week were, as usual, in the first category, but there were a few “Other” emails, surprisingly asking me questions, as if a jerk like me would know anything about anything except that you should be buying gold, silver and oil with all your money, which is pretty much my answer to all questions.

The first question was “Dear Handsome And Wise Mogambo (HAWM), You are always yammering about how the Federal Reserve is still creating So Freaking Much (SFM) excess money and credit so that the federal government, in a nightmare coming horribly true, can borrow and spend us into bankruptcy which will destroy this country. My question is, ‘What about annuities?’”

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