Tag Archives: U.S. Dollar

For the past decade gold has been "catching up" to the amount of money (M2 and M3) in the system to make up for understatement of the gold price due to U.S. price fixing on its way to an inflation-adjusted value of approx. $2,300 - and that is just the beginning. If, and when, we see a release into the market of the trillions of U.S. dollars being stored on balance sheets of banks, companies, and other countries around the world then the price of gold should explode upward. Let me explain why that would be the case. Words: 850

Europe is on the verge of a collapse, and unless something gets done relatively soon, (perhaps as soon as the next few weeks), Europe is likely to experience their own 2008 scenario. The U.S. and Chinese economies are heavily dependent on exporting goods to Europe, and with Eurozone growth slowing as a result of the potential default in Greece, and then on to the rest of the PIIGS, a "Great Depression-like scenario" could very well play out. [In fact,] George Soros thinks we are headed towards another Great Depression and, you know what, he's right! What do you think? Is George Soros right? Are we headed for another depression? Words: 530

WikiLeaks' release of a U.S. State Department internal embassy cable on the subject of Beijing’s plan for undermining the U.S. dollar's reserve status through the gold market clearly exposes both the clandestine operations at the Fed/Treasury as well as reveals who’s been sleeping with the enemy. [Here are the details.] Words: 539

James Turk, Director of The GoldMoney Foundation, interviewed Jim Sinclair recently at the GATA conference in London about his successful gold price predictions, the U.S. debt problems, how to ride the second phase of the gold bull and the gear change from arithmetic to exponential growth as public perceptions about the safety of the US dollar changes. Below is a heavily edited and paraphrased version of the interview to provide you with a fast and easy understanding of its contents. Words: 1318

Over the past two months stock markets have crashed around the world and gold prices have soared as global investors decided that the U.S. has lost its race against time. A new recession is upon us before we even half-closed the output gap left open from the last recession. It means even larger deficits and an even weaker dollar. The price of gold and Treasury bonds is telling us that a full-blown international bond and currency crisis is approaching. There is no international policy mechanism available to stop the panic short of re-opening the gold window that the U.S. closed unilaterally and “temporarily” in 1971. [Let me explain.] Words: 3025

The United States is now so far in debt, it will never be able to pay it off, that is, without hyper-inflation. That subject alone will require many more articles than this. The sky is not falling (yet) but your savings and investments are in dire jeopardy going into 2012. You might wish to now do something to protect yourself. [May I offer the following investment ideas.] Words: 1648

Sooner or later I think everyone will have an epiphany about money that pushes them to buy gold - even if it’s at levels that would seem expensive today. When that time comes, we won’t be focused on the price of gold but on the absolute need to acquire a more lasting asset. If I’m right, the plus $1,700/ozt. price today is not too high a price to pay. [Let me explain further.] Words: 874

While it is true that the average consumer isn’t (and won’t soon be) spending as much as he used to, it’s not because he’s waiting for bargains. No, it’s because he’s out of credit, he’s unemployed, his house, car, motorcycle, boat, and plasma television have all either been repossessed or foreclosed upon, and his wife just left him. He’s not exactly in the mood for shopping. He’s not waiting for bargains. He’s waiting for a miracle - and I don’t think they sell those at the mall. Words: 1582

Gold may rally further from this month’s record if President Barack Obama wins lawmakers’ agreement to raise the U.S.’s debt ceiling, weakening the dollar and boosting demand for the precious metal as a store of value, according to Korea Investment & Securities Co. [Below is a chart which shows this quite clearly.] Words: 360

The United States and most of Europe...risk an eruption and collapse of the mountain of unsustainable sovereign debt built up over the last two decades. Frankly, the U.S. dollar and national debt situation is so dire - and our means to contain a sovereign debt crisis so limited by multiple wars and Washington's debt and political incompetence at home - that anything could happen, almost overnight. [The best] America and most European governments and the central banking elites, which created the criminal sovereign debt fiasco, [appear able to do is] try to buy more time and delay the inevitable. This inaction means the threat of an immediate US debt and dollar collapse cannot be ruled out. Therefore, readers who have not protected themselves certainly have cause to worry because now could be too late. [Let me explain further.] Words: 1689