Posted on 04/17/2024 12:52:32 PM PDT by seanmerc
I'm hoping other Freepers can help. Some people I know and love have fallen under the influence of a guy named Phil Godlewski. They believe pretty much everything he says.
They talk a lot about NESARA, GESARA, the fiat dollar, etc. Apparently Phil is advising people to take their money out of the bank and invest it in precious metal IRAs. He hawks some of these IRAs himself, so he has a financial self interest in telling people to do so.
There are lots of people listening to him and falling under his sway. Something doesn't sit right with me about him. I'm concerned that good people are being duped and don't realize it. Appreciate any insights you might be able to share!
Adopt me...? 😆
Buying ammo is a better move than metals.
Are you picking him up from Telegram?
The problem with gold as a private investor is that it does not bear interest and has transaction costs, carrying costs, and risks of theft. Arguably, appreciation in gold can offset the lack of interest earnings, but that assumes that one sells — which again means transaction costs.
Yep. Us too but we are way up also.
I don’t but I know others who do. They believe everything he says, but I’m not convinced he’s legit. Someone asked a great question earlier in the thread; if these people are so convinced gold is going to go through the roof, why would they be selling it? Wouldn’t it be better for them to hold onto it?
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