Pouring Into Gold

Ok folks I am here to tell you the great US of A cannot just print money indefinitely to support its problems even if we are the largest reserve currency in the world,  at least at the moment. There is going to be a point the world loses confidence in our currency and it falls and is replaced by something else. In my opinion the USD is doomed.  Now I am not saying that physical metal will replace some type of paper currency, but I am saying Gold needs to be part of everyones portfolio going forward. We are certainly trying to inflate away our massive debt. Unfortunately, China has now spotted this ploy and is reducing it’s Treasury buying rate to pre-Bailout Levels. Well done Ben “Helicopter” Bernanke !!

I hold Gold (AUY), (ABX), (KGC) and Silver (SLW), (HL) and am increasing my holdings primarily because of the destructive intentions of our Government (union-card check, tax increases, Nationalized Banks, Nationalized Healthcare, Nationalize this and that etc.). Gold is an all type of weather store of value when the idiots are in charge. There is no real other safe place to hide. With several countries around the world expanding their money supply and taking their interest rates to zero in a desperate attempt to stave off deflationary implosion it is the absolute perfect environment for both Gold and Silver to maintain their robust bull markets. Should a run on the USD and Treasuries occur which could trigger a funding emergency it would send Gold/Silver Parabolic.

Guys this in uncharted territory for our lifetime. Doubt all you want, but what is the safest hedge you know? The largest banks in the world have already collapsed…that means the very financial system is changing and all bets are off regarding rules. The stock markets have already tipped their hand and I suspect the USD is next.

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