HELPING PHYSICIANS ATTAIN FINANCIAL SECURITY
By Robert M. Doroghazi, M.D., F.A.C.C.
Before the market opened this morning, the rating agency Standard and Poors put the US on a negative credit watch. They say there is a one-third chance that within two years the US could lose its Triple AAA rating. The market tanked, and as of noon (CDT), the DJIA is down 200 points. Gold shot up to a new high.
Today on Bloomberg: the University of Texas Endowment has taken physical delivery of its investment in gold. On April 15, it took delivery of 6,643 gold bars, worth almost one billion dollars ($987M), to be stored in vaults in NY. One of the largest university endowments, sophisticated investors, has taken physical delivery of their gold.
The US dollar is no longer as gold as gold. It is an intrinsically worthless piece of paper. I again recommend the core of your investment portfolio be physical gold and silver in your personal possession. Stephen Davidson (888-830-2646) at Blanchard & Co has given me good service and Blanchard has been in business for years (I receive no commission for this recommendation. I do it as a service to you).
RMD
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