We believe that for the past 2-1/2 years the price of gold has been mainly driven by a flight to quality, as gold vied with the dollar for supremacy, as the world’s reserve currency. As we have witnessed gold has won that battle. The only way the dollar or any other world reserve currency can compete is by being backed 25% by gold. The elitist’s royalty of Wall Street and the City of London are quite upset with these developments, because they want all currencies to be fiat, so that they would not have to have a gold backed international monetary unit. Over the last six months another historic factor has come into play in evaluating gold versus currencies, and that is the interconnectivity of gold’s relationship with inflation. In the late 1970s this was the underlying factor for the rise in the prices of both gold and silver. At that time they never had the luxury of strength also coming from recognition of being monetary units. We hear the manic claims that gold and silver are bubbles or are manias. That cannot be because gold is and always has been the only real money. Every time the major media makes these bogus claims they always fail to mention that both gold and silver have appreciated in value in excess of 20% annually versus nine major currencies. They refuse to point out gold and silvers’ 11 years track record having risen from $260.00 and $3.80 respectively to more than $1,500 and $50 per ounce. This shows you the massive deception by the major media, which is totally controlled by the elitists from behind the scenes. More: http://theinternationalforecaster.com/International_Forecaster_Weekly/The_Fed_Behind_The_Greatest_Fraud_In_History
OK. So Americans are finally realizing that no one wants their Dollar? WoW. let’s see now, you impose austerity measures on others but yet your allowed to spend like a drunken sailor. now your voicing your opinion about GOLD and SILVER? lets see now.....ohh yes. Billions of US dollars use to sit in Chinese and Arab Central Banks. Chinese are smart and are un-loading those dollars and Buying Gold, Silver, Euro, CAD, Aussie Dollars, and Brz currency. Arabs probably still holding their dollars because too stupid or loyal but that won’t last. Result = USD most expensive toilet paper and Gold and Silver at all time highs
Don't leave out the foreigners that are buying up our foreclosed homes.--Thomas Jefferson was a statesman and a prophet:
If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered..”
This fraud will continue unless the USA is somehow able to learn to live within it's means, which translates to having a balanced budget. There's no hope of this, since the majority of Americans are not willing to tighten their belts. We can have guns or butter, but not both. So the fraud will continue, causing those who understand what is happening to continue to buy gold and silver. In one sense, these silver selloffs are a good thing, as we are provided with an opportunity to load up on silver at low prices. Each time that I buy more silver, I realize that it's still not enough. SS
As inflation continues Americans will more than tighten their belts....We will be poking holes in the leather to hold our pants up..Are there cost of living adjustments in the private sector??? NO... Just more wasteful unworthy spending and regulation causing the wanton destruction of our free enterprises...... by creepy Socialist goons....JMHO
If you want to know what is in the cards for America, just watch the humanitarian operations the Anglo/American oligarchy is conducting in Libya. TSA blockades, cameras everywhere, rationing, forfeitures, relocations and swat teams are just the prelude.