Gold, Silver Prices Jump on Fed News
gold nugget
Spot gold at $1600 an ounce!
Well, not yet, but I predict it’ll be happening really soon. Today, the spot gold price jumped over $13 an ounce as soon as the Federal Reserve Board released the minutes of its FOMC meeting. It seems that the minutes of this meeting indicated that the members of the Federal Reserve were contemplating printing more money, just weeks after it ended its QE2 program. Read more 
Precious Metals to Restore Power to The People
California gold nugget
There are rapidly emerging middle classes in India and China that have a strong cultural attachment to gold.
China is encouraging its huge population to own gold and silver.
ETFs have become enormously successful, and include GLD, SLV, et al.
Huge increases in the money supply equals currency debasement/destruction and causes all prices to rise, (remember Bernanke actually wants inflation and higher prices on some things; just not gold because it serves as a “report card” on central banks and their fiat currencies.)
Traditional stores of value are making a comeback through education of the masses; thanks largely to the internet. Mainstream media has lost its iron grip on information control and the internet allows for better analysis, and other points of view.
Austrian Economics, Ron Paul, many other hard-money patriots, and a proliferation of precious metals websites, help ensure the powers that be won’t be able to silence their growing opposition or prevent the masses from rediscovering the US Constitution and the perils of currencies backed by nothing.
The status quo is beset on all sides by the truth. Precious metals are part of a greater crusade to restore power to The People in the US and stop the purchasing power theft of the government.
prospecting equipment
Orderly Devaluation of the Dollar
Arizona gold nuggets
Without continuing to monetize the debt (QEIII etc), at this point I think we would head into a deflationary depression. Either way, our debt needs to be paid through austerity (deflationary), or defaulted through inflation.
Neither scenario is good, but the FED has made it clear they are trying an orderly devaluation of the dollar.
I just don’t understand why people are suprised at the actions in the precious metals given the state of the world’s reserve currency.
Gold Investing vs Stock Investing
Yukon gold nuggets
Anyone claiming that gold is too expensive relative to stocks is missing the bigger picture. Commodities are in a secular bull. Historically, these periods end with a Dow:gold ratio near 1:1. A quick glance at the Dow priced in gold over the last 10 years shows several periods of crashing stock prices versus gold followed by long consolidations. We have been in consolidation for over a year and now may be on the verge of another crash in stocks in terms of real money. This move can be manifested by either a surge in gold, lower stocks, or a combination of both.
