A Ton of Gold

So with all the doom and gloom being predicted for the paper money system, including stocks, bonds, cash, and bank accounts....what is a poor rich guy (word play intended) supposed to do?

(Reuters) - The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the financial system, bankers catering to the very rich said on Monday.

Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit.

"They don't only buy ETFs or futures; they buy physical gold," said Stadler, who runs the Swiss bank's services for clients with assets of at least $50 million to invest.

UBS is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce on Monday, near the record level reached last week.

See it here; http://www.reuters.com/article/idUSTRE6932NR20101004

What can we predict when we see storm clouds gathering in the west? That it's going to rain and probably is coming our way.

What can we predict when we see caterpillars growing unusually long hair in the fall? That they are preparing for a long, cold winter.

What can we predict when we see squirrels burying their food really deep in your back yard? That it is going to be a really long, cold winter.

What can we predict when we see the ultra wealthy exiting the paper-financial-system and exchanging their paper for gold and hard assets? I wonder........??

But remember what Ezekiel said, "Their silver and gold will not be able to save them in the day of the Lord's wrath."

So what should we be doing with our wealth when we see these financial storms coming? Maybe we should do like Jesus said and lay it up in heaven where it always gets a great return, compounds for eternity and will never be ravaged by inflation.