Elon Musk posted on X today in reply to a Heritage Foundation economist, saying that “America is headed for bankruptcy fyi.” The economist asked the question “How did we get here?” To which he answered the following: Two men: FDR and Richard Nixon. Together, they broke the dollar. And put the American people into debt slavery. I tweeted back to …
Read MoreIs The National Debt Irrelevant And Gold A Barbarous Relic?
Synopsis Presidents campaign on promises to reduce an out of control national debt yet the debt keeps marching higher during every Presidents term. The National Debt has been irrelevant since the times of even before Reagan but escalated with Reagan. Why doesn’t the national debt matter? What will Fed interest rate policy be moving forward? Some mock gold as a …
Read MoreWill There Be Enough Physical Gold And Silver?
Warren Buffett Incorrect Observations On Gold. When we finally do get the spike up in metals, will supply be an issue? The psychology of your average buyer of metals. Why it makes sense to have some insurance now in physical metals. When it comes to the gold supply, you must remember the old saying, and I think this saying has …
Read MoreThe Book Buy Gold and Silver Safely 2018 Revision – Is Now Available On Amazon!
We are proud to announce the 2018 update for the book Buy Gold and Silver Safely and it is now available for purchase here. In this book I update where we are now with the economy, our debt situation as a country and its impact on the dollar, as well as expose new ways gold dealers rip-off their clients. But …
Read MoreGold and the Elephant In the Room
We are setting up for a disastrous next year for the markets but the markets don’t sense it yet. The stronger dollar will be retaliated by China soon enough and we have been here before. The Fed just doesn’t seem to get it with their 3 more rate hike talk. And those who trade the markets ignore the fact that this …
Read MoreThe Illusion of an Economic Recovery
The Fed and many economists seem to think the economy is strong, but is it? My Thoughts on the Economy Based on the Data I Read The Fed ignores U-6 unemployment data which still has the rate over 11%. The Producers Price Index (PPI) today came in lower than expected. The Dollar is down $1 and fell since the PPI …
Read MoreWhy Gold and Silver Will Break to New Lows and Tax Moves to Capitalize Upon
We have seen the perfect storm come down on gold and silver this past week with the Fed taper, Congress agreement on the budget for two years and higher than expected GDP, but there is another reason why gold and silver prices are falling. This stems from the year-end tax moves that the big players in the precious metals market; Hedge …
Read MoreMarc Faber, author of the Gloom, Boom and Doom Report, came out today on King World News and repeated his mantra about how our government may some day confiscate gold. I like Marc Faber and have quoted him on my site a few times. However, when it comes to his comments about potential confiscation and what the government may …
Read MoreCongress Gives IMF Your Tax Dollars to Bailout Greece
This was an article I wrote about Greece and how they exactly are being bailed out by the IMF/U.S. taxpayer. Back then, the debt in the U.S. was just over $12 trillion. Today, the debt in the U.S. is approaching $15 trillion. Greece is now in the process of writing down their debt by 50% by the beginning of 2012. …
Read More0Glenn Beck, Congress, And The NY Times Don’t Care If You Get Ripped Off Buying Gold
When I was interviewed for a NY Times story about gold dealers and how they rip off their clients back in September 2010, I was told by the reporter that one gold dealer in particular that he visited has a shrine at its entry way dedicated to Glenn Beck. You may trust Glenn Beck on what he says about …
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