Gold vs Fiat Currencies
Herkimer diamond
I like the analogy of fiat currencies as unsecured debt. I have often made the analogy that fiat currencies are like the stock of issuing nation. The US, in addition to having horrendous management and fundamentals, is also committing the cardinal sin of dilution, and seems PROUD of it. As such, I would never voluntarily by stock in the US. I would much rather invest in the currency of God and humanity (gold). Only God can print it, and it is backed by the industrial capacity of the Earth. Hard to beat, eh?
Spot Gold Price Outlook
Arizona gold nuggets
From Peter Schiff, president and chief global strategist of Euro Pacific Capital, in the Euro Pacific Global Investor Newsletter, on September 30th:
”Given the US dollar’s status as the world’s reserve currency, America’s oversized status as the world’s biggest consumer, and the influence of overseas export-oriented businesses on their home governments, the falling dollar is a difficult issue for many countries to ignore. And with the imminent arrival of a second round of ‘quantitative easing’ from the Fed, the big guns of dollar destruction are being locked and loaded. The move looks poised to set off a frantic race to the bottom among global currencies, which will have important ramifications for every investor. Unfortunately, this is one race the United States is poised to win.
crystalline gold
Spot Gold Price Outlook
Mother Lode gold nugget
Many ‘insiders’ feel that poor employment numbers through most of the winter will be putting pressure on the usual bag of indicators and hurting both the economy and the dollar further. More stimulus as a result of the bad news will just further boost Golds fortunes.
That is how I see it playing out through spring.
Gold is therefore still a solid bet and I will not sell long positions. As long as Gold is still priced in US Dollars we can expect it to continue to rise for quite some time into the future.
Why The Gold Price Is Rising
Once again as I write this the spot gold price is up $3 to $1,345!
In the video below you’ll see why the spot gold price is rising. Perer Shiff talks about the gold price, dollar, inflation and Obama.
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Spot Gold Price Hits New High
Australian gold nuggets
Another day and another new high for the spot gold price. Yes, once again, as I write this post the spot gold price is at $1,339, up $25 so far for the day.
A slew of data and announcements highlighting the weakness of global currencies and the health of governments spurred the gold rally. Read more 
