gas prices going up again!

Gas prices are headed back up again as Im sure youve noticed during the holiday weekend. Most of us start cursing the middleeastern countries for screwing the american public again however there is another side to this outrage at the pumps. Lately our government has been printing money at a greater rate than ever before telling us it is needed to fix the economy. Well you know the old saying nothing is for free right? For starters we did not have all this money on hand to begin with so what gave them the right to start handing out all this dough. They printed more dollars flooding our system with more dollars in hopes of fixing the ailing companies that they claim are fixtures that our economy needs to stay alive. By pumping all this amercan fiat money in to our system there is no way that our current dollar can have the buying power it once did. Inflation is a must. The arabs know this and demand, right fully so if you think about it, that they will need more of those american dollars for their current product,oil, to make the sale. It makes sense and is a misunderstood result of the ever diminishing returns that our dollar will produce. Inflation is coming and Gold will always win out in times of inflation. Current price is approx. 960 range. More and more one hears the local pundits on the financial channels start backing the idea of gold/precious metal investment because when it comes right down to it Gold and its precious metals have a value for the simple reason that you cannot print or produce more of it by turning on the printing presses. There is a limited supply dictated by the current amount available and with in reach at the mines. You can always explore for more veins of the metal in the earth but until then you are stuck with the current supply you have. Thats bascially what determines its worth. Its limited quantity. Dollars these days seem to be unlimited. Not a good thing....for the dollar that is.

CELEBRATE GOOD TIMES WITH GOLD!

Gold has broke 1000/ounce! It should now be quite evident that as things are getting worse in our economy that more of peoples money is being put into the king of safe investments, GOLD. Ive heard projections of upto $3000-$5000 per ounce lately and although I have to admit at first I thought that was a long way off I am feeling lately that under the daily borage of bad economic news it just might happen sooner than later. Again breaking 1000 per ounce should set free all doubters of golds strength as a viable investment in an otherwise unstable financial enviroment. Over and over President Obama emphasizes that unless drastic measures are done there is to be a catastrophic failure in our financial system. He states we need to act now or we are in deep trouble. Well I did not vote for him but can honestly say he is trying to be very honest about the situation. We are in trouble. 1 yr ago gold was at approx $650!!! Buy gold while its still cheap and you will hold your savings value and more than likely grow your investment.

your 401k and 10cents will buy a cup of coffee

Peoples 401k plans are shrinking faster than than the respect they once had for our elected officials with no end to the falling value in sight for the near future. Our new President Obama has issued close to 800 billion more dollars to be pumped into our economy some how forgetting about the first 350billion that was issued. There is just to many dollars being printed bringing our dollar value lower by the month. Unemployment is rising at unprecedented levels and our great leader decides to keep our "america last " policy as it has been for the past decades. In other words make everthing not in america. So its a pretty good bet that with most american companies producing goods elsewhere , that job growth will not increase. Job growth will most likely decrease further due to the companies need to cut jobs to show on their balance sheets more working capital and make their stock more valueable. The situation is dire indeed and will take more than throwing billions at the problem. This clearly is not working.

Gold prices however have been on the rise. As of today gold price per ounce is $914. One of the silver linings in this crisis is that you can rest assure that the sure fire result of all this free money being given away will be a devalued dollar. Gold will rise even further. There are many people I know who are thankful they had purchased gold and already are seeing that gold ownership is a must in bad economic times.

Direct link between political greatness and issuing a stable money supply

The following political leaders who are remembered for their greatness by their populations who have also returned their countries monetary stability:1- Alexander "The Great" - unified the meditarean world under silver coinage2- Julius Ceasar- returned Romes currency to gold standard3- Alexander Hamilton- launched United States with gold dollar,(was hired by George Washington)4- Napolean- Returned France to gold standard, Elected emporer of France5- Lenin- Returned Russia to gold standard, was thought of a The Great Leader6- Mao-Tse Tung- returned China to Gold standard, Chinese loved him7- Richard Nixon- pulled the dollar off of the gold standard, is viewed as a crook and is the only US President torn from office.
Might going back to a gold standard be in the cards with Barrack Obama as the next U.S. President?

Oh My God! Even the maestro Greenspan thinks a rough recession is unavoidable

Trading was tempararily shut down on futures trading yesterday, talk of shutting down nyse was also buzzing and now fed wants to lower interest rates by .1/2 percent! Greenspan has also made statements that we probually cannot avoid a major economic reccesion at this point. Folks they know we are in serious trouble and they are in panic mode because all the finiancial trickery they have done so far such as the bailouts are not working. Confidence is at an all time low and boy does it show. The general feeling is that we are in for a very rough reccession even though its very hard to find one of the talking heads actually saying we have been in one for a coule years. The 2 major problems with all the solutions put forth
1- The USA's economic engine (jobs) doesnt exist. We are losing jobs by the thousands and job growth is growing at a heafty rate. Even if there is easy money to get in the form of a loan at a killer rate people need a job to pay it off right?
2- printing money when ever times get tough- this produces inflation due to the extra fiat currency being put out in the world. Inflation is really bad when there are no jobs out there or as it is currenlty, your employer does not pay you with increase or bonuses to keep up with the inflation rate which technically is at 10%.
Investing in gold in times like these assures you of at the least holding your savings value and at best growing that savings as gold prices rise. Fact: Gold prices tend to rise with inflation.

Go Gold!

Gold prices have been rising at an unbelieveable rate lately. I wonder why? Well for starters most people in the USA and now most of the world have lost confidence in our financial system and our current financial base for exchange, the mighty dollar. It is quite evident that the corruption of the politicians along with the powerful CEOS and VPs of these once great financial companies have let greed overtake their moral compasses. In exchange for lax laws pertaining to the mortage lending market ( borderline criminal in my opinion) the politicians were hoping to produce what apeared to be a booming economy, which they did, for a while. This all came tumbling down when reality set in and loans were not being paid down. They didnt know this was what the outcome would be? Even a child knows if you loan money to a questionable source odds are you will not get it back!

Watching the trickle down effect of this crisis is amazing and truly points to the fact that gold is the only true form of wealth. While stock portfolios, 401k plans and mutual funds are sinking gold is rising like a rocket. Why? People can not only use gold as a hedge against inflation(i.e. store there wealth and keep its value) but also in these dire economic times increase their wealth and make a profit. Gold price per ounce is highly undervalued right now and should be increasing even more dramatically as news of our troubles spread and create a like effect throughout the world. Buy gold not only as a source for storing your hard earned money but also as an investment free of being produced at the will of the politicians when ever they need more. Rememer there is a limited supply of gold- Rareity is a good thing.

How quickly we forget!!!

Were are possibly on the eve of congress voting to pass the revamped 700 billion dollar bailout package. The dow made a minor comback but still very hesitant. The credit industry is basically frozen and not as willing as it was to lend to anyone with a pulse. Gold prices have risen in this mess which shows gold is the one true investment that everyone turns to when other financials go bad.
There is one question we all should be asking ourselves before this bailout happens, what got us into this mess? Answer-All of the "easy credit" that was put out there to everyone so they could purchase all the things they could want and live beyond their means. It brought americans a false sense of owned wealth that they never really had. Ultimately they either would have to pay it back with high or ever increasing interest rates or lose what they bought due to foreclosures and reposetions. We never had the wealth is the key here to live the lives we were living. Salaries were not keeping up with the rate of inflation yet our appetite for toys grew.
The inflation was rising due to the decreasing value of the dollar and the easy credit and loans were put out there to try and pump the economies engine which was failing. Job losses were growing and inflation was too. We should have never been taking off the gold standard which would have kept inflation in check. If this bailout package passes inflation will climb even higher making the dollars we currently have worth less. In these dire times gold investment is a necassary means to preserve and increase your wealth.

Darned if they do Darned if they don't

There are currently 2 avenues our federal government can take at this pivotal point in the economic meltdown. One is to bailout the failing banks at the tune of 700 billion dollars reassuring all investors including foreign ones that our economy and our dollar is wholly backed by the US government, or as some people are saying let all financial institutions fail and let the chips fall where they may. It is after all a capitalistic society right? The stronger better companies will prosper leaving only the well run companies to succeed.

The saying"your darned if you do and your darned if you don't" pretty much sums it up. We are currently in real trouble. There is talk of a "recession" notice how they avoid the word "depression" like the plague, and no matter which course is taken there is no silver lining.

If we flood the market with 700 billion dollars that we didn't have a month ago (that's right, run the printing presses) we will devalue our dollar even further than it is now and inflation will continue to grow.

If we don't do anything and let the financial companies fail then this could be perceived by foreign investors and our financial monies are not backed by our government which would lead to a exodus of foreign money being invested into the US financial institutions digging us ever deeper into a murkey depression of job loss and inflation and savings being turned to worthless dollars.

Golds value price will definately benefit in both scenarios since it will appreciate due to dollars value being lowered through more of them being produced, and the dollars value being viewed as worthless and not backed by our government leading foreign investors to shy away from our dollar.

Government bailout more like government copout!

Well folks the house of cards in the financial markets have started falling and we are in trouble according to all the great thinktanks and politicians. Where were they the past 5 years when people saw this coming?. Polticians and the great financial gurus never see crisis coming. Think about it... the great depression, the 1987 stock market crash, the recession following 911. Now its happened again and what is their answer? To dump 85 billion dollars into failing banks while we already have a deficit approching the trillion dollars mark! WRONG MOVE FOLKS! In a captalistic society we are suppose to let only the companies with a strong foundation survive. These companies were failing due in part to borderline criminal practices of giving loans to anyone who would take it. Sub prime sums it up. Well now all this money they are going to dump into helping these companies will flood the market with even more dollars which will bring down the value of our dollar. Inflation is a sure bet. Gold prices have already risen approx 100 bucks in the past couple weeks and will surely rise further as we see this crisis unfold.

Remeber that all societies built on a currency other than gold or silver for that matter follow exactly the same pattern eventually. They produce a fiat currency(one that cannot be exhanged for gold or silver) and keep producing this fiat currency when the masses realize the fiat currencies buying power is worth less and less as time goes on. As the fiat currency value falls it brings down the economy and the governements solution is always to pump more money into the system by printing more. This will always bring the value down even further. Gold and silver prices always rise in this situation just like they are now. Ive read and heard statements that gold prices will hit over $3000 per ounce in our current financial crisis. I truly believe gold and silver are the secure place to put my money in these terrible times.

Once again are government has done a bang up job.! Hows about cutting all of our congressman and senators salaries or having them use the same type of pension/401k plans we have to use. Ill bet this crisis would not have happened then!

Key factors contributing to golds worth as a currency

Gold has been valued and honored as the money for all ages thoughout history for reasons involving the following:

1) Durable- gold will not rot, break crumble or decay. It does not tarnish, is unnaffected by water air and even most acids
2) Convienience and portability- A gold owner can carry a lifetime of wealth in his pockets. Other forms would be too heavy or could not be carried at all like realestate.
3) Inherent value- Multiple uses rangin from technological to decorative.
4) Governements cant print gold!

The economy is strong right!??

After todays anouncement "WASHINGTON (AP) -- Treasury Secretary Henry Paulson said Monday the American people can remain confident in the "soundness and resilience in the American financial system."
Briefing reporters at the White House, Paulson said he "never once" considered it would be appropriate to put taxpayer money at risk to resolve the problems at Lehman Brothers." those of us who are into precious metals can really see our research coming to light. This is really scary. We all know that the cycle for the destablishment of any fiat currency starts with the politician wanting to appease 2 main groups. They consist of the people who do not want taxes to increase and the other who want more governemental programs in our life. The political leader wishes to be liked by everyone for obvious reasons mainly job security, so will bow to both groups. He will not raise taxes even though they are needed to pay for all the programs and debt out there and create even more governmental programs. HOW??? They borrow to finance all the programs and no new taxes being implemented and then you guessed it create new currency to cover deficit. Inflation happens from this cycle all the time. This bailout of these banks in my opinion will be a major contributor to inflation weakening of the dollar through the fed winding up the printing presses to bail out these banks. Again Im betting more banks will cry to government to help and maybe even the major corps will get in on this. We are in for a very uncertain economic time unless you are participating in investing in precious metals.

Any comments are much appreciated.

Fannie Mae and Freddie Mac bailout

The government has set a precedance now for a dominoe effect in banking and probually corporate bailouts leading to an ever weaking dollar. Where are they going to get this money to bail out all the defunk loans these banks had on there books? You got it. Print more. Which will inturn flood the market with more dollars decreasing purchasing power. Real Smart Move! Look in the news for more and more banks to require this help from Uncle Sam.
It is my beleif that this scenario will play out not only in financial banking sectors but move to the big "American" corporations, the likes of GM, Ford, etc. I beleive these big companies will need to get help from the governement due to the mishandling of the monies needed for the extrodianry pension payment plans they promised the hardworking employees. These are the people that will be getting hurt the most. Not the CEOs who still got their million dollar bonuses.
Precious metals prices will increase with respect to the decreasing value of dollar so buy while prices are cheap. As of this post price per ounce is approx. $765.
Gold Bless Us All