At present, the governors of the Fed are creating massive distortions in the financial markets with little hope of improving real economic growth or employment... Quantitative easing promises to have little effect except to provoke commodity [gold and silver] hoarding, a decline in bond yields to levels that reflect nothing but risk premiums for maturity risk, and an expansion in stock valuations to levels that have rarely been sustained for long (the current Shiller P/E of 22 for the S&P 500 has typically been followed by 5- to 10-year total returns below 5% annually). [Let me explain.] Words: 3066

Fox News' Glenn Beck has repeatedly stoked fears that the U.S. would see "massive inflation," stating, as far back as 2008, that inflation would go "through the roof" in the "next year." In fact, inflation remained low in 2009 and 2010 and looks to remain the same in 2011. Let's review Beck's prognostications one by one and come to our own conclusion. Words: 1764

Since the dawn of this financial crisis, my portfolio has included an allocation to gold. I viewed this as an important element of stability and protection and I believed in a longer-term story taking hold. Last week I kissed the precious metal goodbye for now and this is my explanation as to my reasoning. Words: 1382

The National Inflation Association (NIA) believes it is very unlikely that our representatives in Washington will have the political backbone and courage to implement any of the National Commission on Fiscal Responsibility and Reform's proposed cuts in domestic and defense expenditures and increases in tax revenues. [Instead, as the NIA sees it,] the U.S. is on a path towards exploding budget deficits in the years ahead that could cause an outbreak of hyperinflation by the end of calendar year 2015. Words: 887

Gold will hit $8,000 by 2015 and if the gold:silver ratio reverts to norm silver will reach $400. Gold and silver are so cheap today you should ignore the current price and just pick one day every month and buy the precious metals. Sometimes you will get them at a lower price and sometimes you will pay more, but, over time you will accumulate the precious metals at a good average cost. Words: 1236

The first round of QE had already guaranteed that the U.S. dollar was going to be under severe duress by next spring and Bernanke has just added insult to injury with his latest quantitative easing virtually guaranteeing that we will have a major currency crisis by next spring [and that can only mean one thing - a parabolic move upwards in the price of gold]. Words: 550

The gold bubble is preparing to burst. Investors have endured panic for three years, and gold has rightfully gone up. Unfortunately for current gold investors, [however,] fear/panic is diminishing by the day and without that essential element, the big money will exit the trade...Those left carrying gold in their portfolios will be trying to come up with reasons to justify their holdings... [and there is considerable] confusion of rationale to [support] the precious metal's continued rise. Words: 606

The U.S. economy is in an intensifying inflationary recession that eventually will evolve into a hyperinflationary great depression... [at which time] a $100 bill in the United States will become worth more as functional toilet paper/tissue than as currency. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-moneyed special interests, and gross mismanagement. The article is long but well worth the read. Words: 3565

2010 will be remembered for the rest of our lives as Armageddon 2010. Things are getting out of control. We are all about to take a cliff dive together into who knows what?! We Are Doomed! The world is now on its road to ruin and there is no action, no leader and no new amount of printed money that can save the world or prevent a hyperinflationary depression. Words: 1716

Wealth protection is now more important than probably at any other time in history. Physical gold and possibly other precious metals directly controlled by the investor will be a vital part of a wealth preservation portfolio. Words: 1614