precious metals

The Coming COMEX Default

The shear amount of information uncovered is staggering. Hopefully it will keep your interest.

Let me warm up here with a couple of interesting quotes.

"Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium."
Murray N. Rothbard

Why Gold and Why Now?

"If you don't trust gold, do you trust the logic of taking a beautiful pine tree, worth about $4,000 - $5,000, cutting it up, turning it into pulp and then paper, putting some ink on it and then calling it one billion dollars?"
Kenneth J. Gerbino

Ever wonder why banks and governments like a paper currency system? Why they fully embraced the Keynesian theory of deficit spending?

The Golden Rule

"He who has the gold, makes the rules" ~Lyndon Forman

First it was millions, then billions and now trillions of dollars. The mind just becomes numb looking at all those zeros.

I heard an analogy the other day by Gerald Celente regarding just how much a trillion dollars is.
Gerald said. "If you were to spend One Million dollars a day, a day, since the time that Christ was born until today, you still would not have spent a trillion dollars."
So I did the math, and you know what? He was right. In fact you would not have spent 3/4 of a trillion dollars. Yet the Washington elite have decided they can do it in less than a year.

Why do I bring this up? My biggest fear that comes from this crises are the solutions put forth by Washington. I fear that in order to save Capitalism they will destroy the currency, and all those benefits that come from being the world’s reserve currency.