Bad Month

It has been a bad month for me and gold. Gold has taken a hit from the correction, but remains extremely high and is now a decent investment. Silver is doing the same, staying above $17 for now and could be a great buy for anyone interested.

As for me, it has all been about the flu. Since I moved over Thanksgiving Weekend I have had the stomach flu first and now the respiratory flu. It isn't fun and my Christmas shopping is suffering.

Anyhow, enough about me lets keep focused on silver and gold.

The Fall Continues for Gold

Gold continues going down on another rough day. I am still a believer that the fall is nothing more than some profit taking. Here is video from FOX Business...Talks about profit taking...Keep an eye on silver.

Gold Takes Major Tumble

Gold took a major tumble Friday afternoon, but honestly is anyone surprised? If so they shouldn't be. Many of the gold naysayers are proclaiming this was do to the increase of the dollar as it a hit a five week high. Combined with speculation that the Fed Chair is hinting at an interest rate increase and investors, as they say, have suddenly taken a liking to the dollar.

Don't count on it. This is another caffeine jolt for the dollar as the underlying factors remain for the greenback to struggle. Those that react so strongly to the Fed Chair and others in D.C. are the ones screaming for a bailout every few years. Honestly, ignore them for the most part and look around. There are no signs the debt is going down, the economy remains in neutral at best, the current administration is determined to print and spend and China is still questioning the value of the dollar.

Helicopter Bernie might offer a few quick words that bring a week long surge, but the dollars' tumble is not going away anytime soon.

Silver Hits $19

Silver is at $19 per ounce. The rapid rise of silver should come as no surprise. Everyone felt it was going to happen at least those interested in investing. The fact is gold continues to go up and has become the play of the banks, silver has no become the common investors option. Perhaps I should change the name of this blog....

Silver Going to $19?

All the talk has been gold, gold, gold in the mainstream media, but showing once again that most outlets are a step behind, silver is the big news currently. Gold's little brother is pressing $19 per troy ounce and is looking to establish a $17 floor.

The prudent move now is to hold gold and buy some silver. It remains off record highs and like gold, is benefiting from the great turmoil around the world. The economic problems appear to be ongoing, meaning more and more cash is flooding out of the traditional stocks and bonds and into commodities such as gold and silver.

As for silver options, they are just like gold, but instead of clicking the gold icon, hit the silver one. Switch American Gold Eagles for Silver Eagles. Look at ETF's focusing on silver and seek out companies mining silver. Now is the time to act, before like gold, silver becomes over-priced.

Back on the Horse

The move is done, T-day is over and I will be back in full force tomorrow...

Silver

Hi ho silver away! Silver is taking off and has gone up over $18. It is certainly time to talk about gold's little brother. With gold becoming too overpriced, investors are rushing towards silver, which is way off it's all time highs. Don't be surprised to see silver push $20. Also, it is looking like $15 might be the new floor for any correction at this point.

Wait for the minor correction and jump into silver, especially if it dips back to $17. Well, that's my play at this point, but do your research and be careful.

READ QUOTE>>>>>

Buying Health Care Reform

This should turn anyone's stomach.

Read Story>>>> On how Civil Liberties are up for Sale

Okay This is Just Too Cool!

Back when the Boss was the Boss...

Go ahead ask, why is he putting this up...Because it's my blog and I can! Also, I love Bruce as a signer.

Central Banks Going Gold

We have talked about this on Common Gold Investor, but I wanted to offer this article as more evidence. Everyone, everyone is now seeing the benefits of gold and they are flooding away from paper, because as an old farmer once told me; anyone can write anything on a piece of paper.

Read Article>>>>

Treasury Secretary Tim Geithner is in Trouble Again

I am going to let this article speak on its own. But it appears the continued connection of Goldman Sachs and Geithner grows by the day.
Read Article>>>>>

Don Imus Talks Executive Pay

John Paulson Betting $250 Million on Gold

Hedge fund manager John Paulson, who bet against the sub-prime market, is now betting on gold. Reports are he is opening a fund and using $250 million of his own wealth as a start. Add this to the continue buying of physical gold by banks around the world and nobody is really sure where this commodity is going.

One thing is for sure, gold is high and silver is looking like a the smarter play. Gold's little brother is still well below it's all-time high, but indicators are pointing towards a big run on silver. The reason is simple; the smart investor will not buy gold, with it being a record high and silver sitting ripe for the picking. It might be time to start thinking less gold and more silver.

Watch CNBC commodity wrap on next page>>>>>>>

Words of Wisdom from Jim Rogers

I am not sure the date on these videos, but Jim Rogers' word is always something to pay attention to. He mentions the consumption tax, something I might be discussing later. Videos on the next page.

Gold and Oil both Up

There isn't a lot more to add than what the article below already says about gold. We can sit here day after day discussing why the gold spot price is going up, but the fact is it is going up and that's that. As for oil, as soon the economy shows any signs of life, look for the price to skyrocket, putting us on the rocking chair.

Read Article Concerning Gold Prices

As for other sectors, housing starts dropped, the deficit continues to climb and there is little relief in sight. Outside of DC and the Stock Market things are bad and people are getting very worried; something the politicians if they don't know now will find out in about 11 months.

Even Steven Day

Both gold and silver ended nearly even steven, despite a strong day from the dollar. Trading on both continues to be about inflation hedging and speculation. Demand is of course low as the economy struggles, but the shadow of inflation continues to lurk.

Combined with the struggling dollar, high US debts and inflation; investors continue to see gold and now silver as a safe move. The question is, if inflation is not seen and the economy begins an uptick, how quickly will gold and silver correct? That is as they say the million dollar question. However, with China clearly making a push against the dollar, the Obama administration which holds the spend to get out of the recession theory and the continued world turmoil, any uptick may be short lived and minor at best.

As of right now, most people recommend holding steady, buying on any form of correction and continue watching very closely.

Gold Bull Market Continues:

Gold's bull run continues to be nothing short of stunning. Driven by the continued concern over the dollar, inflation and the almost non-existent interest rates, gold is running wild.

As I have said a thousand times, the question is when, not if, the correction will hit? It is getting to the point where the run up on gold is becoming a bit scary. Like anything, people jump in to just jump. This creates an unsustainable upward drive, that will force the logical out of the market and the price down. When it does correct, the same people that jumped in so irrationally, will jump out.

The best advice for investing in gold is to simply hold steady or take some profits. Secondly, begin looking for other commodities that may be undervalued.

Gold Quote>>>>

Also, for any investor, knowing human behavior is as important as knowing the indicators. Despite the constant bantering of selling high, buy high. many people cannot do this. When they see a market such as gold driving upward, they are instantly drawn in. Watch and listen to what people are saying around you, what they are writing and look for news medias beyond the mainstream, this can often present keys to where a market is going.

December is the Month

It is appears everyone is waiting for December to see where gold is going. But in the meantime the price continues to soar as another record fell in London. Gold's run really is an amazing one.
Read Article>>>>

Early Morning Gold Prices

All indications are showing yet another positive day for gold and silver.
See Quotes:

Double Dip Recession?

Watch Video Discussing Double Dip Recession.

Ron Paul: Open up the Fed Reserve....

Gold at $1115.30....

Gold is up to $1115.30. After a bit of a fall yesterday, it looks like gold will finish out the week on a positive note. Silver is also up at $17.35, it also appears headed towards a strong ending.

See Quotes>>>>

Lou Dobbs has had Enough

Agree or disagree, Lou Dobbs is a man offered an untainted investigation of the issues, a rapidly dying skill in the world of journalism. He may be the last of true newsmen as now, like radio, television has become infested with partisan party mouth pieces, aiming to promote an agenda instead of offering a true depiction of the issues. So long, Lou and good luck.

Gold Drying Up?

According to this story one the world's largest gold producers believes gold production has peaked. This isn't something that is new to the inside world of gold trade as many have predicted gold supply is drying up. What a story like this does do, is inform the common gold investor, that hey it is time to get moving. As of this morning the price of gold has dropped around $3 per ounce, not a big move in the terms of gold, where prices can rise and fall $20 per ounce. But is logically to believe such statements as this story will only push the bull market further along.

READ STORY>>>>>

Gold Just Kees Going Up

Gold just keeps right on ticking and the dollar keeps on clunking. Is there end in sight? Are those claiming $1500-2000 looking like nut jobs now? I think the answer is no on both accounts.

Stuart Varney With Don Imus

Stuart Varney talks about the US Dollar with Don Imus.

The Day in Commodities

Dollar goes up, a bit. Oil goes down as Ida fizzles out at $79 a barrel. Good news, winter fuels will be about 6%, yippie! In an odd day gold was up, silver was down.

Profit Taking Day for Gold?

Gold is starting the day up, but barely. Don't be surprised if the next couple of days are profit taking corrections. Those who got in gold last year or before would be silly not to peel off some profits. This should do little to stop the bull market in the long run. All indicators remain pointing towards a bull market in gold as the dollar continues to struggle, businesses show no signs of growth and the US deficit will only grow two fold, especially if the Senate passes health care reform.

As always, watch the correction and feel free to jump in. However, with prices this high the risk goes up almost daily. A major correction could happen any day, not because of financial indicators, but because of investor fears. Many people have been burned by holding too long and they have become jitter to corrections. Thus, if one appears to be starting a flood of gold sellers could drive the price downward in one shift swoop.

Gold Bites for November 9

Anyone have a count on how many days since October gold and silver has been in the green? Green at the Kitco Quotes at least.

The House passed health care reform, but the fight in the Senate looks interesting. Waiting to see the reaction of investors and the world to this passage. I have some thoughts, but let's let it play out first.

Well, back to working on two houses, the one I almost have sold and the 125 year old beauty I have now.

Ho Hum Market Day

Well, not much to say about today. Gold did alright, silver did nothing. Unemployment is ugly, real ugly, proving once again that the only economic recovery taking place is doing so on Wall Street. This is happening because of the government bailout of basically Goldman Sachs (led by who else,a former Goldman boy). Of course that does little for the guy in Lima Ohio, looking for a job.

Times are bad and as of right now, Barack Obama has about 6-10 months to show something, anything. Unless he shows some leadership and allows everyone to see who he is, things will not improve. The money makers must know what to expect from Obama, be it a big old shove to the left or gradual float back to the middle, he must show something.

Anyhow, back to working on the 125 year old home I am preparing to move into. This has been a great time, fixing up the old place.

Hub Page Post

Might as well share this from my Hub Page post.
Gold and Silver

Also, gold and silver are both up this morning. With the unemployment numbers, look for both to have modest gains at best. However, they may also get caught up in the depressed feelings of traders this morning.
Gold and Silver Quotes

Economic Reovery Takes Major Hit: Unemployment over 10 Percent

Any economic recovery took a major hit this morning when it was announced that October unemployment rate went over 10%, to the highest point since 1983. For many this may come as a surprise, but for those following closely this should act as nothing more than confirmation that things are bad. Recently a hospital in my area cut a number of nursing jobs, something almost unheard of.

FHA Needs a Bailout?

This video is stunning; well not really

Gold is off and Running Again

Well, here we go again. Gold is off and running this morning, still enjoying the actions of the IMF and India yesterday. Of course all this can turn around in an instant if/when some big investors decide it is time for a profit take. Keep an eye out for that today or tomorrow. Regardless, the down turn will be short lived and the price will bounce back again.

IMF Gold Sell Pushes the Precious Metal to Record Highs

The IMF announced 200 metric tonnes sale of gold to the central bank of India. This is more indication of central banks moving out of the paper money and into precious metals. Everything is speculation, but as the dollar continues to struggle, nations will be looking to run to something of value. This could cause a major devalue of the dollar as more and more traders and nations move away from the greenback.

Gold Surging

If you missed the chance at getting into gold, well forget about it now. Gold is surging up $25.20 at $1084.80. Silver is right behind up .78 at $17.25. For any potential buyers, it is time to wait for the next correction, because the train has left the station on this one.

Wrap of Today's Commodities

Keep a sharp eye on oil. As the demand shows signs of life, oil will go up. This will only hurt the economic recovery as the stressed consumers get hit with another expense. Dollar weakness again pumps up gold and silver. Uncle Sam's disease is golds fuel

USS New York

This is pretty cool thing. The USS New York, the Navy's newest ship was constructed with steel from the 9/11 attack.

Gold Holding Over $1000

The big story remains the holding of gold over $1000. After a few down turns, gold is up today and hovering around the $1062 mark. It appears that the mental milestone of $1000 is locking in, despite the claims of many who noted last month gold would not stay above $1000 for long.

GDP Takes Right Hook in the Mouth

Yesterday as noted on here, the excitement of the GDP was at best questionable. Today, those questions blew up on investors as consumer spending fell and the stock market followed suit. The fact is/was the GDP news was based almost entirely on government spending. There is no business growth, see unemployment and there is no increased consumer spending as evident of today's announcement.

People grow tired of bad news, but here on this site, I am dedicated to offering the truth, something many places has decided against in favor of a political agenda. Remove the agenda or ignorant the bliss from this story and the fact is there is no story. An economy cannot sustain any form of growth with the government as the main player.

GDP Going Up?

The buzz today was the announcement of an increased GDP for the 3rd quarter. Sounds great doesn't it, but hold on. The components of the GDP include business spending, consumer spending and of course government spending. It is to believe under any spinning of the numbers that business and consumer spending drove the increase, it must be government spending.

Government spending has proven to be nothing more than a caffeine jolt, causing a quick rush, but resulting in a hard fall when the buzz wears off. It should surprise nobody when/if the GDP takes a fall very soon. In fact, most economists are predicting a decline in the very near future. The question is how hard will this fall be and will it create another round of caffeine injections are an actual cure? We shall see.

See a Chart on GDP Components>>>

Gold Prices Rebounding in Early Trading

Even with the solid economic numbers coming, such as the GDP up over 3 percent, gold is up in early trading; $11.30. Silver as normal is following gold's lead up .43. It appears gold and silver investors remain bullish on the precious metals, rebounding nicely after a few down days. The downward move of gold left some pondering if gold would slip back under $1000.

See Quotes>>>>

Goldman Sachs Economist: Reccession is Over

Goldman Sachs Abby Cohen talks about the positives in the economy. Many oppose this view point, but I want to offer this to the readers. It is interesting however, that she admit the stimulus package is a quick, short lived boost. After that her reasoning for long time growth seems questionable, but of course this is a non-exact science.

Watch Video>>>

FOX Business News Live

Check out FOX Business News Live. It is best to watch as many different sources as possible. Investors should never lock onto just one source, although some are clearly better than others such as Casey and Jim Rogers over any of the cable channels.

FOX Business News.

BTW: P&G comes in .97 a share, missing expectations by 2 cents, at .99

Commodities Futures

Here's a look at the commodities future chart..Looks promising for the most part.
See Chart>>>>

Oh Honey, Pick Me up Some Gold...

This is an interesting story. Harrod's in London is now selling gold...Oh yeah, along with a new shirt I will take a 5 ounce bar of gold please...
Read Story>>>>

Gold on Correction

Gold is showing some signs of a correction. If it goes below $1000 it might be time to buy. Gold Quote for 10/29/09

Also, take a look at this video. Euro Pacific Capital Peter Schiff explains why gold is going up and the proper way to look at inflation. Mr. Schiff's notes that inflation starts with the printing of cash and that is certainly underway. Also, watch the video, which was taped in September and note the talk of gold reaching and staying at $1000 something it has done; a major concern of those debating Mr. Schiff's position.

Commodity Review

Review of today's commodity markets watch the video;

Barney Frank Driving Down the Dollar

It is comments such as the one made by Barney Frank on the following video that is helping to drive investment money out of the United States; not to mention the dollar down.

Visit msnbc.com for Breaking News, World News, and News about the Economy

Obamanomcis a Dude...

Is Obamanomics already dead? Check out the video below...

Stocks Taking a Big Hit

Stocks are taking a big hit today, falling below 10,000. The news isn't much better on the gold side as the spot price is down over $15 at $1040.40. It seems to be an overall bad day for investors, with no place to hide. But, as the old saying goes, easy come easy go? Yeah right.

Top Ten Signs the US Economy is in Trouble

Here are my top signs the US economy remains in trouble. These are in no particular order, just the way I wrote them.

1. White House economist Christina Romer noted the stimulus provided a jolt, but the unemployment and slowed growth is likely to return. Not a surprise and second fall, like coming down from a Mt. Dew high is likely to be worse than the original fall.

2. Unemployment continues to go up. Numbers for September showed 531,000 more people are receiving unemployment benefits. Not good, but even worse are states such as Michigan were unemployment is at 15%.

3. The State of California is as close to complete collapse as a state economy can get. Riddled by sky rocketing unemployment in the farming sector, caused by government regulation, and out of control spending, California is a disaster. Add it to Michigan and it is hard to imagine a recovering economy with two major states in economic disarray.

Suggested Email Newsletter

I would advise signing up to Doug Casey's newsletter. In these times, guys such as Casey are invaluable.

Big Brother Slashing Pay

The Federal government is coming and those companies which took TARP money will be paying the price. Word is out that the Feds plan on slashing the pay of top executives by nearly 90%.

On the surface this seems great, taxpayer money, so why should those who screwed things up reap the benefits. Beyond the surface, it is the growth of the Federal government and proverbial "Jeannie out of the bottle syndrome". Once they have done this for one company there is nothing stopping them from expanding into other areas. Don't fool yourself on this one, once the public factor is used all companies are open game and it will be under the veil of protecting the consumer/taxpayer. One more nail in the coffin of capitalism.

READ THE STORY

Gold Showing Some Early Weakness

Gold is showing some early weakness, but has come off an early low. Both gold and silver continue to show strength, even when it appears the correction is about to start.
GET QUOTES

Gold and Silver Links

I have compiled some gold and silver links. Each site offers something. I have purchased from a few, but cannot recommend any of them.

APMEX
Austin Rare Coins
Kitco
eBay gold and silver
US Mint
Royal Canadian Mint
Royal British Mint

Real Estate Market Takes a Hit

The excitement of a recovery in the real estate market hit a big bump Tuesday afternoon. After showing signs of life, housing starts data flat lined, dumping cold water on the excitement of a real estate recovery.

The other big shoe many are waiting for is the bomb of commercial real estate. Many people fear with so many offices sitting empty, investors will not be able to cover loans. This will create another round of foreclosures and send shock waves through the real estate industry. If this is true, any recovery will be wiped out.

READ STORY CONCERNING HOUSING STARTS>>>>

David Einhorn Warning of More Bad News

Hedge fund manager David Einshorn, who foresaw the Lehman Brothers' collapse is betting against the United States. Einshorn is not pleased with the direction of the nation's economic plan.
READ STORY

What if China is being Misread?

I found an article on Newsweek, offering a differing viewpoint on many of the common perceptions of China. It is an interesting read and certainly, when dealing with a country like China, all thoughts, evidence and viewpoints should be considered. It remains a mysterious place and we have a lot to learn...READ ARTICLE---

Fannie and Freddie Are Worthless

It appears the spiral downward continues for Fannie Mae and Freddie Mac. When the bank crisis hit in 2008, there were many voices yelling that the main player was Fannie and Freddie. However, driven purely by political reasons, those voices were drown out. The reason is simple,exposure of the truth would have destroyed the public approval of the bailout plan.

The process was as follows.

Politicians pushed for mortgage loans to the "underprivileged" guaranteeing a large segment of the population would vote in a specific manner. To accomplish the goal mortgage approval had to eased and this is where the large banks entered the picture. Fannie and Freddie, established as mortgage companies were used as quasi purchasing agents for the government. The banks approved the loans, sold them to Fannie and/or Freddie, for a profit and continued rolling in the mortgages and sending out the cash. As the process grow wildly out of control and the bad mortgages piled up faster then they could be sold, the bubble started to burst. When the real estate market sank and oil prices sky rocketed the banks were in trouble. The banks were left holding loans nobody could pay and they were stuck. Thus, the bubble burst. Enter the crisis talk, the bailout plan, the scare tactics and rush to fix the problem.

The end result is the American taxpayer is paying for two things; 1. Politicians buying votes 2. Large banks abusing a system and taking advantage.

Housing Market Looking at Double Dip Hit

I am not trying to put up bad news all the time. However, it seems to me and others that some in the media are looking through rose colored glasses. Things are not good, which for many of you that is a big duh. The link is to a story focusing on some very dangerous problems. Each one has the power to send the economy back into a spiral and must be addressed by any investor.

Housing Set for Double Dip

Arindam Nag Talks Investment Banks

Arindam Nag talks about investment banks and clearly he is sounding caution as the proper play, noting that companies simply do not have the cash for the market and we must wait to see if this changes. BTW: The banks mentioned are TARP babies.

Bank of America Taking a Beating

Bank of America has reported big losses in the third quarter. Led by the inability or refusal of debtors to pay off debt, Bank of American continues to suffer. Recovery under way?

Gold Down, Dollar Up

The dollar may have overshot it's downside and appears to forming a rally. This has resulted in a slowing the of the gold rally. However, this is one day trading and one day makes not a trend. Keep an eye on the gold price as it may dip below $1000 offering a buying opportunity.

Dollar Just Keeps Falling

The US Dollar continues to fall and it appears that tide will continue. This is just one of many indicators that contradicts the cries ending the recession. The others being employment. Unemployment is predicted to remain 8-10%, making any recovery a joke. Secondly, the debt is now projected to equal the GDP (Gross Domestic Product). In Lehman terms, the US is broke and all it's production is going towards paying a debt, not good.

Stock Market Pushing Towards 10,000 but is Another Bubble Builiding

The market is moving upward and there have been positive signs. Retails sales, minus cars were up in September. JP Morgan reported high profits as did Intel. The question remains, with so many negative indicators is another bubble building?

Investors seem ready to jump back in the market, which is certainly a positive, but any prudent investor must ask one simple question; Are these real improvements in the market or just the expected caffeine rush from the government influx of cash? The game of investing grows cloudier with each passing day. Whistle blowers in the accounting world have been decrying the tactics used by publicly traded companies. Showing profits and a solid company on the surface, ignoring the cracks in the foundation. Now with the government and politicians firmly tied to the success of a financial institutions, pressure for profits has never been greater.

I am no expert, but I would caution all investors to stay safe at this point and watch the market carefully. Learn from the recent financial debacle and take a moment to at listen to this sounding the warning sirens.

Unemployment Rate to Remain High

In a report released by National Association for Business Economics, economists believe employment recovery will be slow and the unemployment rate high. They agree that most jobs will not return for three years, stalling out any real recovery.

This report from the NABE would appear to contradict recent claims of a recovery already underway. Simply put, growth means jobs and if there are no jobs can there really be growth? A more reasonable conclusion is the economy may no longer be spiraling downward, but it has yet to begin the upward climb. This is the real problem.

The perception of the general public will remain negative as the unemployment rate is the most reliant indicator for the average person. If this number remains high, the fear of them being next will remain, forcing the consumer to curb spending, tighten investing and stall the economy.

Gold Closes on Record High in London

Gold closed at $1064 per troy ounce in London. Once again the driving force behind the precious metal's surge was the falling dollar. The American greenback dropped against the euro, driving investors towards gold.

There really seems nothing steaming the tide of the falling US dollar. As the United States pushes toward larger deficit the push out of the dollar will likely continue. The key factor in this commodity bull market and falling dollar is the presence of Asia. Never before has there be an economic power challenging the United States like China. Because of China, the historical indicators of the past are nearly null and void as their economic growth has been stunning.

New Bladeless Fan

Alright this really has nothing to do with gold or investing, but Dyson is introducing the new bladeless fan. The article explains how it works and the inventors claim it is more efficient and safer than the traditional fan. It is a new twist on an old device that has changed little since it was introduced to the world.

People, we just have to love the free market and the human mind!

Jim Rogers: Gold Could Hit $2000

Jim Rogers discussing gold four days ago. The most honest and perhaps one of a handful of the smartest guys going.

Steve Wynn on FOX Sunday.

Steve Wynn wipes out Michigan Gov. Granholm. As a free market lover, this man could not be more correct.

Gold and Silver Up Early

Gold and silver are up slightly in the early trading in New York.

Gold Milestones

This is a great article from Reuters . It shows the run of gold over the last few decades, showing how quickly things can turn up and down. Something of note however, is the influence of China as a new economic power. Even during the Soviet era, their economic influence was nowhere near what the Chinese have accomplished. Their presence is changing everything, including the continued decline of the dollar.

Jimmy Rogers with Larry Kudlow

Video with Jimmy Rogers on with Larry Kudlow...

Ayn Rand: Never Been More Correct.

Ayn Rand is undergoing a rebirth in the eyes of the media. However, as someone who believes in Rand, her presence has never really gone away, it just has been shoved aside. Her words have never been more correct than they are today. My hope is that more people will understand this and demand those in power undergo a change in course.

Secondly, although Rand defended the business world, she would have and did disapprove of those businesses such as the banking system and those taking TARP money, using the government as a tool of controlling the market. She found no difference between them and those who seek to control individuals through government.

China In the Movies

A quick clip about the Chinese movie industry...An interesting twist offered by the reporter at the end of the segment.

Gold Falls on Bernanke's Words

Gold is seeing a slight drop on the words from Fed Chair Bernard Bernanke's noting they might be ready to tighten dollar production. The other reason for the drop may also be simple profit taking. As gold soared along the entire week, it is natural to think some investors will start taking profits. Silver is also off its' high, but remains above $17. There is little reason to believe that the drop will change the course of the two precious metals, just a one day profit taking session.

Dateline: England

There is a report coming out of England declaring that the welfare state has destroyed the work ethic in England. The study was conducted as England attempts to clean up their version of disability. It went on to note that as generations have passed, the concept of receiving and/or cheating the welfare system in England has become prominent. The younger generations are now inclined to sit back and let others support them.

Is this any surprise? It shouldn't be. As many of you know I am a believer in the teachers of Ayn Rand (well most of them with a few exceptions). She stated clearly in her novel Atlas Shrugged what happens to a society when it becomes reliant on government hand outs. Oh yeah for those that have never read it, she began writing the novel in the 1930's.

Hey England could have saved a lot of money and just sat down and read the novel.

Gold and Silver Minor Gains

Gold and silver continue to go up, minor but the record highs for gold has taken and silver is trying to stay above 17. Everyone is waiting for the correction, but as the price goes up the bottom does to on any correction. For American investors, they need to step back and look at this country as an outsider; what they are seeing is not good.

Hyperinflation

I have serious doubts about hyperinflation, but listening to those that believe it is coming have been given some crediability with the housing disaster. The following video was produced by Inflation US. I know little about this organization, but it is the people who are seen in the video who I do know, such as Ben Bernanke. Ron Paul and many others. It is worth watching and taking into consideration what has already happened and what might be yet coming.

China Economic Growth in Energy

The Chinese just keep growing in all segments. The question of what type of the economy they are, gadget, small goods are a real world player is now clear. Anyone who denies this is fooling themselves.

Silver Riding on Gold

There is growing talk that silver will follow the coattails of gold. As the price of gold goes up, investor will look for another, cheaper option and that option could be silver. Take a look at this article to read more about silver prices.

I know personally I am a fan of silver and think investing in it offers the common investor a way into precious metals.

US Dollar Continues to be in Trouble

An interesting look into the US Dollar and how it works. There are some interesting things going on and it explains the actions of the Chinese and Russians.

Gold on a Run

The rampant reports of the dollar being phased out as the oil currency sent gold on an expected run today. The precious metal finished the day at $1042 per ounce. It's partner silver was right behind, going over $17 per ounce. The run came after a report that the Chinese along with other nations are working a deal that will phase the dollar out as the currency of choice for oil trade. Making things even more interesting was the fact gold was added to rumored equation.

This would of course explain the Chinese move to buy up gold and prompt their citizens to do the same. China is making a major push to become the world's number one economic power and they are succeeding. It is time for the United States to work closely with the Chinese as the two become more reliant on each others' economic stability. Interestingly enough, as these powers race in the economic world and create economic allies, the ideal of a more stable, peaceful world draws a bit closer. Nothing promotes peace more than economies which are reliant on each other.

Arabs Looking to Dump Dollar

Folks this is a stunning turn of events. According to this report the American Dollar will no longer be used to purchase oil. This is perhaps the biggest blow to the Dollar in generations. It is clear signal we have or are losing our stance as the world economic power. On the flip side, gold is going to run for the roof my friends, IMO.

Gold and Silver: Bear v. Bull

There still seems to be some mixed feelings as to if the gold/silver market is bullish or bearish. Indicators are mixed, leaving many scratching their heads. Here's what we do know. Gold has stayed at are near $1,000 this entire month, silver continues in the $16-17. The dollar shows little signs of life and is taking another beating against the Euro and other foreign currencies. However, on the flip side, how long before investors decide it is time to sell and take profits. This could create a self induced correction that history shows, can be sharp.

From reading and listening most believe if gold and silver continues to hold steady, then it is time to jump in and buy as that signals a sign the prices are going to remain. This really seems to the direction as so many signals (including the demands in India and China) indicate a bull market with an extended life. The best move right now might be sell, take some profits and wait. If the correction comes jump back in hard, if it does not slowly re-invest a little at a time. Remember hogs get slaughtered.

Gold and Silver Prices

Prices for both gold and silver seem to going a bit sideways today. Gold is up $2, while silver is up .09. Not much movement for either at this point in time. There is indications that the world's largest gold market India, is seeing an increase in demand. This is good news for gold investors, but could only be a temporary spike.

The dollar continues to struggle and former Fed Chair Alan Greenspan noted he believes unemployment could be going to 10%. Not a bold prediction considering it is currently over 10%. However, both could have long term meaning for the price of the gold and silver.

Have a good morning and I will be back later today.

Somoan Tsunami

Somoan Tsunami footage. If you are a praying person say a couple, if not wish for the best. The Somoan people are a hardy, self reliant group, they will recover.

Is There an Economic Recovery?

The question continues to be debated; Is there an economic recovery underway? The answer has two prevailing views. The first is no, there are little to no signs of a recovery, the national debt continues to rise, the dollar continues to plummet and there appears to be little growth in any economic segment. The opposing view is yes, there is a recovery. Job losses have stalled out, the real estate market is recovering and DOW Jones is hovering around the 10,000 mark. However, even this group of individuals agree that the recovery may be a jobless one. The unemployment reportis gloomy as once again first time claims have gone up.

So what is a jobless recovery? Basically for those that held onto their jobs, they look safe. Those that were cut, well good luck finding work that doesn't include the words welcome or do you want fries. For the latter group it will be very difficult to convince them a recovery is happening, for the former, forgive them if they hold onto a negative outlook. After all many of them are still facing wage freezes, unpaid leave and a stagnant future.

Honestly, for this individual it seems ridiculous for anyone to proclaim an economic recovery without job growth. If a large portion of society is unproductive the economy will remain at best in neutral, which is not a recovery.

Outlook for Silver Getting Brighter

The outlook for silver is getting brighter by the day according to many people. It is certainly worth taking a look.
Mine Web.com

Silver Super Bull Market

This is more an ad, but it makes some great points. Folks, one thing to remember about gold and silver, there are some very powerful sources out which desire and must control the price of both. To understand investing in these commodities one must understand that those practicing Keynesian economics see both as major obstacles. Keynesian is reliant on controlling the currency, thus the reason for dropping the value of the dollar based on the gold standard. So, keeping investors away from these commodities and in paper currency is critical to the survival of Keynesian economics. Anyhow, this is a very short overview and look for a more extensive explanation from either me or a video from the godfather, Milton Freidman.

CNBC Gold Talk

Here is a video off CNBC concerning gold...Beware sometimes such places are not gold friendly.

Why to Buy Gold from the Casey Report

More reasons to buy gold, from one of the best around.
The Casey Report

China Going Nuts Over Gold and Silver

Reports are flying all over the business world that the Chinese government is creating a gold and silver rush in the homeland. According to the website MineWeb.com, the national television of China is promoting the ease and importance of individuals purchasing gold and silver. This a dramatic shift for a government that just a few years ago prohibited individuals from owning precious metals. It is also an indication that government has the metals and are looking for buyes. Add this to Bloomberg report about China increasing their gold and silver positions and it appears the Reds are turning colors.

Even more interesting was a report from David Gallard of the Casey Report that China has become nervous with their holdings in the American Dollar and have apparently begun exchanging the cash for gold.

The circumstantial evidence that a big player is on the gold scene is overwhelming; the rapid increase in gold prices is a clear indicator. Second, there have been reported shortages around the world, meaning someone is buying large quantities. Gallard noted in his article last year the he called the Northwest Territory Mint and inquired about gold. The receptionist after sometime, noted to Gallard the Mint was back logged 30,000 orders, not money, but orders and new orders would take 16 weeks to process. Add this to the US Mint halting sales of the American Gold Eagle and it appears the demand is certainly extreme.

So what does this all mean? It is looking more and more like the floor for any correction is rapidly going up. It also means the boom in gold looks alive and strong. If China is in fact moving in this is good news for gold and silver investors. It is bad news for the American dollar, a currency that continues to get hammered on the international scene.

Two Educational Videos From Jim Rogers on Gold and Banking....

I always like to post videos...Here is one that offers some interesting thoughts about the fundamentals of commodities. The other is concerning letting banks fail. Both are from Jim Rogers.

Time to Buy Silver....

Well maybe not right now as the spot price of silver today closed over $16 per troy ounce. This is up $4 in the last few months as silver has followed its' older brother gold, up, up and away. The question is should we be buying silver?

The answer to this conundrum is; drum roll, up to the individual buyer. My personal belief is to wait a few months and wait hopefully for the silver price correction. The problem with waiting is maybe the correction will never come and you are left on the sidelines. On the flip side, the purchase is made, the correction comes and almost instantly, the investment is down $5-8 dollars.

Regardless of the claims, nobody can predict when or if the correction is coming, so the advice I follow; look for bargains.

Like any other product, silver will be put on sale, by different dealers around the nation. So, search the Internet daily looking silver sales and those great silver coin offers.

One such place is APMEX.com. I am not endorsing any dealer, but APMEX has a very interesting collection of Mexican silver coins. I find these coins to be both valuable and historical.

The value comes in the silver bullion and the fact the coins are coming out of Mexico. Mexico is rich in history, with a long laundry list of Wild West type stories, making them a historian's dream.

Then of course there are the Silver American Eagle and Silver Maple Leaf, these coins currently hold one purpose; silver bullion. They remain easy to buy and trade with a world wide popularity. However, if a collector is interested in historical value, they should look at the Morgan and Peace Dollars. Both are a very popular coin and hold a rich historical value.

Regardless of when or what silver you decide to purchase, the main point is seriously considering moving into silver as the underlying indicators continue to point towards a sluggish economy, such as high unemployment and the continued struggles of the dollar. So, with that I say happy silver hunting and go out and find those bargains.

We have been talking about gold and the run for a $1000. Now that's it's there the question is can it stay. My thoughts are yes, with some bouncing around. Here are some other thoughts,http://www.kitco.com/ from those with my smarts than I...

Gold Price...Where's It Going?

If I could answer the question of where gold is going, well then I wouldn't be posting on this blog. Instead I would be sitting on the beach, with my lovely wife, sipping a Corona. However, all indications are pointing to up, up and up for gold prices.

Now here are some reasons to start buying gold.

Let's take a look at the world around us. First, the banking system remains unstable at best. The problems which hounded the financial system remain in place. No, not lack of regulations, but the continued increase of it. Barney Frank is insistent on keeping Freddi Mac and Fannie Mae alive and kicking. This in essence allows the government to continue pressuring or allowing banks to continue making the borderline loan an easy transaction. So long as these two government entities are buying up bad loans, banks will continue giving them, keeping the entire situation unstable. Secondly, as the dust continues to settle, look for the financial sector to be monopolized by a select few; aided by the government.

This is nothing more than one symptom of an infested economy. Perhaps the looming 800 pound gorilla is the policy of printing money to pay for the debt. This practice can have devastating effects on the economy, creating hyper-inflation. The theory is simple, more money dilutes the value of the dollar, pushing up the prices of goods and services at a rapid price.

The strain on the investment class or rich, is growing to a breaking point. As the policies of this nation create more and more debt, taxes must and will be raised. This will drain money from those who can create wealth and place it squarely in the hands of the government, which cannot create wealth.

Finally, America's debt is no longer an in-house debt. Folks, our debtors are foreign nations specifically, China. This has in essence created a situation where our actions must be explained, at the least, to a foreign government. This situation is self explanatory.

The foundations of the American economy are rattled and this means one thing; gold. The top investors will continue running to gold, so as common investors, follow them. I am not supporting a complete pull out of the stock market, but instead shift a percentage of investment money into gold. It is the wise and prudent action until we have clarity to the direction of the new economy.

Media Buzzing About Gold Prices

As the dollar continues to sink, the price of gold continues going up. This week the Chinese commented they are concerned about the continued printing of more US dollars. Least we not forget the Chinese are nearly as powerful as we, because they hold our debt. Now when they talk, investors are listening and this means trouble for the US Dollar and good times for gold. Add in the fact it appears some form of health care reform is coming, one the United States cannot sustain, and the outlook of the dollar is bleak.

Do a Google search this morning take a look at what's coming up. I wanted to link on here but there is some bug keeping me from linking.

Price of gold

All I have to say about the price of gold....WOW!
Racing above $1000 per ounce.
The sky seems the limit these days...Wait for the correction and jump on board folks.

Milton v. Phil

Milton Freidman against Phil Donahue.

Gold Racing to New Highs

Gold is racing towards $1000 per troy ounce an amazing early September run. Silver is matching that run going up $16 per troy ounce. Now, don't look for either to sustain these highs. However, the floor isn't going to drop out either.

Clearly investors are quickly losing, assuming they ever had it, confidence in the central banking system and the current administration. The constant talk of health care, cap and trade and now a tax on traders, is fueling this doubt and creating even greater concern about the health the dollar. Toss in the fears of a jobless recovery and what we have are jittery investors running towards gold.

So what does this mean for the common gold investor? If you are heavy in gold snag some profits, if not hold off buying. Wait for the correction which could come anytime and then jump in. The price will go back to somewhere between $950-900 mostly because the demand for gold jewelry is not there. But, as the economic troubles continue, unemployment hitting a 26-year high, gold will continue the climb upward.

More Penn and Teller

Take note, there can be some "offensive" usage of the English language.

Laugh Out Loud

This is laugh out loud funny....

Milton Friedman: Role of Gold

Take a look, this is just one part of many. I will keep posting as I find them.

Building a Monthly Budget

Raise your hand out there if you haven't heard this in your lifetime; create a personal budget. All of you? Not surprised, it is standard advice and a lot say it, more attempt it, but only a few succeed.

Personal budgets are easy to create, but keeping them and getting control over personal finances is the key. Building a personal budget that works, requires the individual to make honest assessment about their financial standing and maintain discipline.

The honesty part comes in expenses, not the ones documented on a monthly bill, but the impulse expenses, the budget busting expenses. Avoid creating a budget which grossly underestimates the impulse expenses such as food and gas. These costs are high, so be honest.

Next get all family members involved in the process of building a budget. If one member is not on board, the budget is instantly busted. Sit down as a family and develop a doable budget.

Like expenses, be honest about income. The idea of a budget is to have more coming in than going out, so avoid hiding money. Like all expenses, make sure all income is accounted for.

Keep multiple copies of the budget each month in sight of everyone. Allow spaces for expenses and income to be listed and work to make sure everyone is record spending. This is especially crucial for the first few months, providing real data and allowing for any adjustments to the budget.

Give the budget at least 3 months before declaring it a failure or success. Economics is fluid, especially expenses which can go up or down very rapidly. Keep good records and after three months make any changes to the budget or completely disregard it.

Getting Mortgage Assistance

No segment of the economy has suffered more than real estate. The collapse in the housing market has left home owners staggered and searching for mortgage assistance. For those in this unfortunate situation, seek out help before it is too late and foreclosure becomes the only option.

Start with opening up the lines of communication between you and the bank. Start with letting them know there is a problem and see what can be done. There are times when a bank may offer loan modification, lowering the interest rates. However, it is rare that a bank agrees to any such plan.

Contact an attorney ASAP, if the bank is not willing to talk. Attorneys are fluent in banking language, often resulting in better results. Precede with this caution: Use an attorney to gain mortgage assistance when all other areas have come up empty.

It was your tax money so use it, the stimulus package. There are options in this plan that can help homeowners, so call the local representative or senator. They have some ideas for mortgage assistance.

Make an appointment with a mortgage counselor and or organization. There are many non-profit organizations offering charitable work for those in need. Many times they can at least offer some basic options.

Using Silver to Protect Against Inflation

Silver is the common investor's gold. Unlike gold, it is cheap and available, but like gold, silver bullion is a great option for any investor. As the U.S. Dollar continues to face pressure from mass printing and scared investors, silver continues to grow as an inflation protector.

Inflation is the investors enemy and protector against is critical. Silver bullion is a great option for doing this. It has tangible value, it is easily purchased and relatively cheap. So start planning silver investing now.

Seek reliable, trustworthy dealer. There are many options for silver dealers around the nation and likely one near you. If not, do an Internet search and research the dealers found on Google. Talk to them about investment ideas and concerns over
inflation.

Take a percentage of money used for investing and funnel it into silver. Many financial gurus are now saying up to 20 percent of a portfolio should be in silver or gold.

Sit down with a financial adviser, educated in the commodity trade. This can be a challenge as many advisers will push towards the stock market, but in these troubled times, paper can become worthless overnight.

Start with the American Silver Eagle. It is a great looking coin and holds value well, making it a great starting point.

Ayn Rand Part III: The Final

This the final part of the Ayn Rand interview with Mike Wallace.

Building a Budget

We hear it all the time; build a budget. Easy to say and perhaps even easy to do, but keeping a budget is very difficult. Personal finance requires two things, honesty and discipline. Building a personal budget that works, requires the individual to be honest about their spending and remain disciplined at all times. Doing these two things will help lead to personal finance freedom.

Step number one with any budget is to be honest about personal expenses and income. Avoid building a budget that underestimates expenses, specially food and gas. These two areas are often much higher than most people realize. Sit down and figure out exactly how much gas and groceries cost each month.

Make the budget building a group process. All family members must be committed to the process and bring some ideas about spending. This will allow for a true picture of family expenses.

Make sure all income is listed for in the budget. Any extra money that comes in must go into the budget, instead of being used as mad money or for reckless spending. In other words, don't hide money. Like all expenses, make sure all income is accounted for.

Place different copies around the house so everyone can see it. Create a spot were spending and income can listed daily or weekly. This is especially crucial for the first few months, providing real data and allowing for any adjustments to the budget.

Allow the budget 3 months to for either success or failure. Economics is fluid, so getting a real picture requires a large sample. Keep good records and after a three months make any changes to the budget or completely disregard it.

More Ayn Rand

Part II of the Interview:

Protecting Against Inflation

Inflation, it is seemingly looming and investors everywhere are trying to protect against inflation. As the recession continues, the nation continues to print out money in hopes of paying off the deficit. This will eventually drive the value of the dollar down and inflation upward. There are ways to protect against this.

1.Look at investing into something called TIPS or Treasury Protected Securities. TIPS are adjusted to protect against inflation by using the Consumer Price Index (CPI), which signals the cost of living. This critical, protecting from prices raising faster than the interest on the investment.

2.get into I series saving bonds. The I series, like the TIPS were created to protect against inflation. They are compounded semiannually and come in $50, $100, $500, $1000, $5,000 and $10,000

3.3.Switch from individual stocks to ETF's. These are similar to stocks but are essentially a collection of stocks, bonds and other investment tools. They normally are based on one segment of the economy such as financial, commodities etc.


4.4. Gold, gold and more gold. Head straight for precious metals, because unlike paper money they have real value. Precious metal value is not based on government or the impressions investors may have of economy.

Ayn Rand

Ms. Rand's words have never been more true! Although this is not directly related to investing, I believe it is important that all investor learn the benefits of a free market and how to protect it. There are things I do not agree on Ms. Rand, most particular her views on God, but honestly that is about it. I encourage everyone to listen and read her words.

How to Sell Gold at High Price

Gold is a great investment in these more than uncertain economic times. The reason being is that gold will maintain a tangible value, regardless of how bad or good the economy is. The problem is when and where to sell gold and cash in on some profits.

Here are few steps that help:
1. The ease of selling gold starts with buying gold. Yes, sounds strange but it is really easy after reading. Purchase gold that is clearly marked with grade and weight. The best way to do this is to purchase coins minted by government mints such as the American Gold Eagles and Gold Maple Leaf. Clearly marked coins lets any potential buyer know exactly what they are getting.

2. Be ready to fight for the best price. There isn't a gold investor unaware of the spot gold price, but most dealers often ignore it when the price is high. Be your best advocate and work the best deal possible. This means education and being armed with knowledge to argue why gold prices will remain high.

3. Sell gold on eBay or other Internet sites. Set up an account and start selling gold online. This can be a tremendous success, but remember the auction system is a pure free market tool and anything can happen, from auction to auction.

4. Build a relationship with a few dealers. Comfort is found in being familiar, so work on relationships with a number of dealers. Building trust will also eliminate the time needed to sell gold and the process of getting the price. Never underestimate the value of time.

Buying Gold on a Budget Part 2

This is the second part of how to buy gold on a budget.

Look for gold that is affordable or at least within a budget. Most of us cannot buy the gold bars we see on television, but we can get our hands on gold coins, specifically American Gold Eagles.

The American Gold Eagle is a great investment and although it is still expensive at around $1,000 per coin, they do offer a viable way of purchasing gold. Finding them is very easy and just a click away. There are a number of them currently on eBay. However, I prefer to buy my coins at a local store or from APMEX.com or Austin Rare Coins.com. I have purchased coins from both and have been very happy with their service and product.

Another common option is the Gold Canadian Maple Leaf. Like the American Gold Eagle, the Maple Leaf is easily found and offers a convenient way of purchasing gold.

If you are interested in historical coins there are many shipwreck recovered coins available. Personally I have never purchased such coins as my knowledge is limited. These coins offer both a historical and tangible option, but they requiring a vast knowledge. It is critical to be well rehearsed in historical coins and the grading system of coins. Other wise, the danger of being "taken" increases.

Gold coins allow the average person to invest in coins, that's why FDR scooped them up. So take advantage, put some money back and get into the world of gold coins.

How to Buy Gold on a Budget: Part I

Okay so everyone is saying buy gold, but show of hands if you have $1,000 sitting around the house for just one troy ounce?

That's what I thought, if you did you would be reading a high priced, subscription site instead of this free one. So, this leaves us with a pressing question; How to Buy Gold on a Budget?

The answer is found in discipline. As Americans we have been trained to become consumers of all things. We buy, eat, drink and consume like an army of red ants. That doesn't have to change when dealing with gold, it just needs to be altered.

First, let's address the impulse buying that haunts so many of us. Instead of grabbing the 32" LCD television, think about it. Downgrade a few hundred dollars and get something smaller. Right there a consumer can save/refocus a few hundred backs. That takes a potential gold investor to almost 1/4 of the way to buying gold.

Now add that to the other impulse items we buy and bingo; there's the money to purchase on American Gold Eagle. Changing from an impulse to a smart consumer is a beneficial and smart move. Look at this way, you are still consuming but instead of a product that will some day be tossed aside, you have consumed an investment.

Secondly, set up a plan to purchase gold at specific intervals through out the year. Target a plan where some form of gold will purchased at X time. Doing this will require discipline, but will allow for a gold portfolio to slowly build.

Economic Numbers are Ugly.

The Wall Street Journal printed an op ed piece from Mortimer Zuckerman, concerning the real numbers on unemployment. Folks, looking at this article, it's ugly, really, really ugly.

The underlying numbers point towards a continued downward economic spiral. From the underpaid to part-time workers to those suffering from hour cuts, it is clear this recession is showing little signs of letting up despite two, yes, two stimulus packages from the federal government.

Businesses remain in pure retraction mood, looking for survival instead of expansion. The outlook for the near future appears to be more of the same. Even President Obama is now adjusting his statements, declaring unemployment may continue climbing.


What President Obama seems unwilling to acknowledge the stimulus package as noted by Zuckerman, has mostly been used for programs that created nothing. They have funded such things as medicaid and other social programs. Add in the money packaged to the states and what we have is a stimulus that has cost the American taxpayer billions and will eventually result in higher taxes on exactly those needed to solve the recession; the wealthy and business.

Predicting the direction of economies can make a fool of the intelligent. However, all signs are pointing towards rougher waters and that is a scary thought.

Invite to Ehow

Along with this blog I have written a number of articles pertaining to gold on eHow. The purpose of those articles is to demonstrate in very simple words how to invest in gold or the benefits of investing in gold. I also have a number of articles concerning silver and how to invest.

I wanted to invite you over to check them out, along with this blog. Also, when over on eHow, considering joining up and start writing. There is some residual income at eHow or do like I do, use the profits from eHow to roll into gold and silver. With using a pay pal account, it makes for a great forced savings account and allows for the money to quickly build.

Buying Gold on a Budget

People always say, I can't afford to invest in gold; that's for the rich folks. The fact is gold is for everyone, but it's true gold is costly. But, not so costly that the average person is blocked out. All it takes is some personal budgeting and proper money handling.

First, itemize your spending. Look at what is going out and what is coming in. Decide if some of the out money can be transferred into a gold fund. By doing this it won't take long to build a money fund capable of buying gold.

Second. most Americans are investors correct? So, if you are fortunate enough to have a few stocks on the upside, roll over some profits and put them into a gold fund. This can also work for a stock over-performing.

Third, buy one American Gold Eagle at a time. The Gold Eagle is a great gold bullion option and is easy to purchase. Yes, it is costly, but worth it.

Lastly, physical gold is not the only option. Get an account at Sharebuilder.com or some other online investment firm and begin investing in a gold ETF. This is a great way to invest in gold, without the high cost of physical gold.

Great Article

Check this out, from Liberty Pen.

Recession Continues to Loom

Folks here are the facts; the recession continues and the economy is struggling. Unemployment reached a 25 year high in June and there's really no end in sight. Despite the talk of a recovery, one needs only to look around; businesses are in a holding pattern. There is no growth now or in the near future. Critical economic segments such as real estate and resort/gaming industry are floundering.

Housing (apartments) prices in Manhattan dropped nearly 50 percent. Saying well that's New York, not so fast. In Dayton OH, prices dropped nearly 4 percent in the last year, while foreclosures are up 10 percent. There is little doubt the real estate market remains staggered.

The gaming/resort business has been crippled by the downward tick of the economy and it doesn't appear to be changing.

The American dollar has been mostly down, a signal that the investment world is loosing trust in it. Foreign investors have been shying away from US Bonds and in essence the American dollar. The reason is the rapid growth of deficit spending, that has put on the world on notice.

Most if not all signals continue pointing to a staggered economy. Keep moving towards gold and silver and keep a sharp on eye on this ever changing situation.

Be Prepared for Temp Drop in Gold

Not a lot of time today. Something to keep in mind is to start stockpiling some extra cash. There is some chatter that gold price will take a big drop, so be ready. There really is no reason to believe any drop will have a long shelf life. In fact all the signals point towards the continued rise in gold prices. However, if there is a drop have some cash on hand and jump into gold.

Not Your Grandfather's Wall Street

Wall Street, poster child of free market. The place where capitalist have gathered over the years, with one goal; create wealth.

This perception could not be more wrong. Since it's conception, Wall Street was an exclusive club and the game of control began. J.P Morgan was perhaps the master of this game, building a billionaires club and in 1907 building a monopoly for his firm, using what else; fear and the government.

Now fast forward to the present and the imagine of Wall Street today. Although it certainly has created billions of dollars of wealth for even the average American, Wall Street remains and thanks to the aid of the federal government, the controlling economic power of this nation.

Let's take a look at the recent bail out or TARP. It simply seems impossible to believe that Henry Paulson, the former Secretary of Treasury and Goldman Sachs Chairman just conveniently established a plan benefiting his firm. GS after receiving $10 billion dollars of relief, recently reported record profits, but perhaps even more telling is the fact that Lehman Brothers, a rival of Goldman Sachs was left to die, while Goldman Sachs and it's partners were bailed out.

Now the process continues. The House recently passed Cap and Trade Bill, which is aimed at controlling emissions from industry. Interesting, that a bill laced with regulation and back door tax increases, received the needed votes from East Coast Republicans. Of course this leads to the question of why would a Republican vote yes on a bill perceived as being a liberal concept? The answer again is Wall Street.

As the credits for polluting are stock piled by companies, a market will quickly emerge, a market built on selling and buying credits. Large industries will rapidly buy up the credits for two purposes. First, having will ensure production and second the more credits controlled, the less their competitors will have and thus the less they can produce.

As the stock pile grows, credit traders will form investment groups, many made up the some executives running the industries. They will buy the credits for a low price from the industry and trade them on the market, creating billions of dollars.

Many people will say so, good for them. Certainly that would be the case, if this wealth was created by the market and private money. The cost of the buying the credits from the government will come from consumers, that debate is over (as Al Gore loves to say). The middle class family, the same one all politicians proclaim to help, will suffer from higher prices on all goods, creating an economic burden on the majority of Americans. While the Wall Street traders, Goldman Sachs et al, will be reaping in the wealth on the backs of the people and with the aid of Washington.

Of course the idea for this bill is to eventually decrease emissions so dramatically that the above mentioned market will dry up. This will not happen, thanks to endless thirst for cash.

Let's not forget the lessons of the past, Wall Street has money, politicians need that money, Wall Street gives to both sides and therefore Wall State is controlling Washington. The dirty little secret that nobody is willing to tell is this.

The main players on the Street love larger government. Greater regulation means more tools to control the market. So the next time someone proudly declares Wall Street is the symbol of capitalism, correct them and proclaim that Wall Street is the center the centrally controlled economy, with Washington as their controlling arm.