Monthly Archives: October 2008

Why is gold going down and the dollar going up?

Everybody seems to be wondering this these days.

If the government is printing dollars at the speed of light, doesn’t this mean we should have immediate inflation and gold surging?

Well typically, the answer to this would be ‘yes’, but this market is over the edge in terms of what to expect next. The main reason we have a rising dollar and declining gold price in the face of billions of new dollars entering the market is the hedge funds that are actually forced to sell their gold holdings because of their other losses.

Also, the price of gold in terms of dollars is pretty meaningless. Try buying gold coins on ebay. You will notice that many are marked up at a 50% premium! The true price of gold is far higher than what we’re told, simply because demand far outweighs supply at this point.

Gold has actually been the smallest loser compared with just about everything else.

Once things calm down a bit and there is a shake out in terms of investors in the market, you will see a steady increase in the price of gold. At some point (probably within the next year), we will see violent rallies in gold where it goes up 200-300 points in a day!

Don’t be stuck holding paper fiat federal reserve notes in 2009. Get even a little bit of gold today and protect yourself from hyperinflation that is almost inevitable.

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Depression? HA!

I just got this newsletter from Matt Furey (www.mattfurey.com), and I believe it sums up the times we live in. Hysterical media creating the illusion that everyone is “depressed” is far worse than what people are actually experiencing.

“Today, my psychic forecast on our nation’s future. But
first, a recap of what is supposedly going on with the
economy.

The media is at it harder and heavier than
EVER before. The politicians are talking tough –
and the pundits are telling us how frightened,
scared and depressed EVERYONE is. You can
even feel the nation’s dour, melancholy energy
in the air – two weeks before a full moon.

It’s nuts ‘out there.’ People are freaked out and
don’t know what to do.

Can you blame them when you hear things like
this:

“The greed and corruption on Wall Street must never
happen again.”

Do the politicians really believe what they’re saying.

If so many are corrupt on Wall Street – then why aren’t
any of the accused going to jail. And since when do
you give “greedy” marauders another $700 billion bucks
to “punish” them for their sins.

Could it be that the politicians have their hand in the till,
too.

Personally I’m tired of Obama, McCain and company
and how they’re going to make us happy, healthy
and secure.

Neither will do anything of the sort.

If elected, Obama will most likely get crucified by the
very people who elected him. When people find out he
cannot part the seas, walk on water, multiple the loaves
and fishes, heal the sick or do it for you – it’ll be lights out.

Even Jesus didn’t work enough miracles to satisfy the
masses – and he basically wrote his own death sentence when
he messed with a few peoples’ m-oney. The m-oney changers
didn’t take kindly to being whipped either. Imagine being the
guy who raises taxes in a depression. Yee-ouch.

As for McCain, if he gets elected, he’ll get replaced by
Palin in short order. And the media and private-citizen-hate
-crew will do everything they can to destroy her – as fast
as sub-humanly possible.

Wooooo – what are you saying Furey? Is this doom and gloom
or what.

Not at all.

My message is simple: Don’t place your hope in politicians. Or
the media. Or in all the people out there who are more fearful
than faithful.

Place it in YOURSELF and the Universal Power that runs through
everything in nature. If you’ll do this – I absolutely guarantee
you’ll begin feeling a lot better about what is going on. And you’ll
be in a far more powerful position to FIX your own life – to create
what you want – than you will by hoping and dreaming that
Prince or Princess Charming is coming to save the day.

Look back through history and see that even during the Great
Depression – many, many people made a decision to prosper,
to grow wealthy – to magnetize m-oney – and DID SO.

All who prospered had one thing in common. A belief in oneself.
A belief that transcended tough economic times. A belief that
showed the world:

“I CAN Grow Rich During Tough Economic Times.”

Regardless of where you are right now, you can raise yourself
UP. You can be bigger than the circumstances you find yourself
in.

Go on a “No News Diet.”

Shed the unwanted and unnecessary negativity perpetrated by
the media elite.

Be an idea man… or woman. Never say ‘can’t’ or think in terms of
impossibility.

THINK – then DO.

And no matter how tough it is – no matter how many others are
falling by the wayside – no matter how much you’ve already lost –
make up your mind that you will NEVER GIVE UP.

THINK and ACT as if there is no depression – and the one you
think you’ve been having will leave you. Or the one other people
are having won’t affect you.”

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Rally Time

Explosive rally today in the market, but gold closed down 20 bucks or so.
Clearly, the market was oversold last week and the bounce shouldn’t come as a surprise to too many people who follow this stuff very closely. Timing is always tough to predict but this rally was overdue.

Why is gold being held back right now?

Typically, the fall is the time for gold to head up. There are a few reasons we are seeing gold remaining relatively steady in price.

1) The $850 billion the government pledged for the bailout has not been printed yet. Once that hits, we will have inflation, and gold will undoubtedly rise.
2) So far, gold jewelry buying has been down this season
3) The Plunge Protection Team (PPT) is doing everything it can to keep the price of gold suppressed. This won’t last, as the market direction (bull) will win out in the long run.

There is a shortage of gold bullion right now and orders are taking weeks and even months to fulfill.

If you have any cash right now sitting around, BUY THE DIPS when it comes to gold. Talk to me in January, and you will no doubt be pleased that you did.

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We Just had a Coup in the U.S.!

I’m shocked and worried by this new video interview of Naomi Wolf. This cannot be good for liberty or the economy or our investments!

Please spread this video around. It seems the end of America is near if we don’t act very quickly. And I’m not even sure exactly what “acting” means, other than not complying with the authoritarian sociopaths.

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Iceland’s Economy has Kicked the Bucket

The Icelandic currency is in serious hyperinflation, and banks are being nationalized at an alarming rate in this country.

In the past 3 days the currency has CRASHED. 4% on monday, 5% yesterday, and another 4% today. Already the currency (the Icelandic krona) had plummeted since the beginning of the year.

Today, $1 costs us just over 110 ISK, but 9 months ago $1 cost only 60 ISK.

Is this a preview of what is coming to the U.S.? I don’t know, but I’m sure glad I’ve got some gold. Do you want to gamble the that U.S. is somehow immune to this hyperinflation or would you rather own real money??

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