When There Is Blood On The Streets Buy Gold Part 2
Continued from Part 1 Most reading this might not realize that the Fed secretly gave banks and other countries $7.7 trillion during the 2008 financial crisis. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks...
Read MoreWhen There Is Blood On The Streets Buy Gold Part 1
Are those that bought gold and silver panicking yet? I would hope not. My advice to dollar cost average into a position is paying off as my prediction of a stronger dollar is coming to fruition. But there are some investors who bought gold or silver the past few months that might be panicking. There is a possibility the blood on the streets is not over, but we are inching ever closer. While many...
Read MorePop Goes The Gold Bubble?
I always get a kick out of these articles that young writers put out when they try and tackle a subject such as gold and claim it’s in a “bubble.” To date, I have not seen one of them address the banking system mess our country is in (as well as the banks of Europe and soon most everywhere else). Another Negative Article On Gold I replied to a recent article I found on Seeking...
Read MoreInflation/Deflation And Gold
From time to time I will participate in the conversation on various blogs when I see someone who I know has some intelligence write something about gold’s price history that might influence people not to invest in the precious metal, when there are a multitude of reasons to invest in gold. One of the typical objections that people will throw out for gold is the inflationary years of the...
Read MoreIncrease In Bank Sub-investment Grade Derivatives Reveal A Need For Gold Insurance
The financial crisis started with banks getting burned in the derivatives market. Then TARP was manipulated to help banks get cash. Next came the Federal Accounting Standards Board (FASB) allowing banks to mark to model (fantasy) their real estate assets (cheat). And now we have come full circle once again as banks own more sub-investment grade derivatives today than at the height of the 2008...
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