There are four stages of fiat money printing that have been used by central banks throughout their horrific history of usurping the market-based value of money and borrowing costs. It is a destructive path that began with going off the gold standard and historically ends in hyperinflation and economic chaos.

This is not a sound for alarm, for the trend for gold & silver remains up, BUT there could be some more corrective activity in the next few weeks. Here's what the charts have to say about the current situation.

As an introduction as to what the charts have to say about gold and silver at this point in time let me remind you that the world debt situation worsens. It is, and it always has been, only a matter of time before this IMF house of fiat debt collapses, and collapse it will. Now is the time to get thee gold, and get thee silver, and get out of debt or suffer the intended consequences.

We are not yet hoarding toilet paper and baked beans, but the prospect that we will be driven to do so has already been signalled to us. This article draws on the evidence of extreme overvaluations in equities and bonds worldwide, and concludes the explanation lies increasingly in a greater perception of risk against holding cash, or bank deposits.

The price of each metal is not going up. The measure of the number of fiats needed to buy the metals will grow ever more as each country’s fiat issuance becomes increasingly debased. That is when the power of holding gold and silver will be felt the most.

In June, Incrementum AG published its annual “In Gold We Trust” report which offers many interesting insights into the current global economy and the gold market. This article provides a short summary for you.

A paper currency doesn’t measure anything. It merely has an arbitrary value placed upon it by the population using it. It’s not backed by anything and it can fail at any time. A more accurate measurement would be to measure fiat currencies in gold. That being the case, what will the price of gold be in 5 years’ time?

Last Friday, you witnessed exactly what happens to paper assets when people lose confidence and panic. You also witnessed a preview of what is yet to come: days of gold rallying $100, silver $1. There will be more of those days, and even in greater gains. Keep buying and personally holding physical gold and silver.

The western world is headed to “a state of disaster” says Alan Greenspan and, “without reform of the financial system, another crisis is certain - sooner rather than later” says Mervyn King, the former head of the Bank of England. Greenspan has already suggested gold as “a good place to put money these days given the policies of governments" while King said recently that "when unexpected things happen, particularly when governments rise and fall, then gold is a means of payment that everyone is always prepared to accept."

Have you ever heard the statement, perspective is everything? Well with money, it’s no different. Looking through the foggy lens of dollar money you will get a distorted and unclear vision of the world and its affairs. Walking through life with foggy dollar lenses could lead to a very bumpy ride. Looking through the lens of gold, however, will bring precision and clarity...