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Posts tagged ‘us economy’

25
Jan

Peter Schiff – Interest Rates

Peter Schiff – Outlook for interest rates

There is still a lot of money coming into the United States, and Obama wants to borrow even more money. Peter Schiff helps interpret these events

What effect will higher interest rates have on the gold spot price?

7
Dec

The first 12 hours of a U.S. Dollar Collapse!

Gold – Everyone should own some! This video may seem out there now, but, just step back and look how far the dollar’s value has already dropped.

Silver nuggets

26
Jun

5 Reasons to Own Gold

Arizona gold nugget

Arizona gold nugget

Why you should consider owning gold:

The modern European welfare state has proven unsustainable. From Greece to Britain, from France to Portugal, European countries are slashing social welfare benefits, raising the retirement age and dismantling government bureaucracies. Yet, even as Europe is learning that you can’t forever rob Peter in order to pay Paul, the U.S. is racing to transform itself into a copy of the failing European model.


Our national debt just topped $13 trillion.

The U.S. government spent $83 billion more than it took in last month, and that figure is expected to exceed $1.56 trillion for the year.

Congress blithely enacted a new multitrillion-dollar health care entitlement. It’s now engaged in a debate over legislation repealing a scheduled cut in Medicare reimbursements and further extending unemployment benefits.

The health care bill that just passed contained more than $569 billion in tax hikes between now and 2019.
1
Jul

Gold Spot Price … $2,000 in 2010?

Australian gold nugget

Australian gold nugget

The massive spending campaign is not working, surprised?

This campaign will soon be followed by yet another spending spree at the tax payers expense. The printing presses will be running overtime while the dollar is temporarily inflated yet again. Gold, will begin to move exponentially to where it belongs ~ 1500 to 2000/oz in 2010.

Why? The general population of the US will begin to realize the government has been lying to them. Unemployment will hit a new record of 12.5% by years end. Without any real job growth anticipated for years to come. The relative safe haven of Gold will prove to be the route to navigate in to circumvent hyperinflation on a world wide level.

Arizona gold nuggets

24
Jun

Gold Rises on Renewed Inflation Speculation

crystalline gold

crystalline gold

Gold rose for a second day on concern about inflation.  Plus, today, during an interview on CNBC Berkshire Hathaway’s chairman and chief executive Warren Buffett said  that the U.S. economy is in shambles. Buffett also said he’s sure the actions the government has taken in the past year to help the economy will result in high inflation down the road. Buffett also said that even with all  the unprecedented  Government spending he saw no bounce in the economy.