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From Reuters:NEW YORK (Reuters) – The U.S Mint said Thursday it was temporarily suspending sales of American Buffalo 24-karat gold one-ounce bullion coins because strong demand depleted its inventory. “Demand has exceeded supply for American Buffalo 24-karat gold one-ounce bullion coins, and our inventories have been depleted. We are, therefore, temporarily suspending sales of these […]
Dear Friends: The financial meltdown the economists of the Austrian School predicted has arrived. We are in this crisis because of an excess of artificially created credit at the hands of the Federal Reserve System. The solution being proposed? More artificial credit by the Federal Reserve. No liquidation of bad debt and malinvestment is to […]
In today’s Growth Stock Wire, Jeff Clark cites Three New Reasons to Buy Gold. His reasoning: There’s no way the US taxpayer will make money on this bailout – so why is the government floating that idea? The urgency to pass this bill seems suspicious. It basically grants unlimited authority to the US Treasury. Definitely […]
You may have seen this email floating around – check it out, it’s hysterical. DEAR AMERICAN: I NEED TO ASK YOU TO SUPPORT AN URGENT SECRET BUSINESS RELATIONSHIP WITH A TRANSFER OF FUNDS OF GREAT MAGNITUDE. I AM MINISTRY OF THE TREASURY OF THE REPUBLIC OF AMERICA. MY COUNTRY HAS HAD CRISIS THAT HAS CAUSED […]
Note: This article was also picked up by Seeking Alpha. I personally fear for what may happen to the dollar over the next several years – I don’t see any way these government bailouts will not result in an excessive printing of US dollars. Faced with this reality, I know that many people who share […]
A review of my trades from the week that was: Went long December Gold – I picked up a gold contract on the big breakout this week. As we’ve discussed in this space before, I believe the government’s printing of money as fast as it can will send the price of Gold and Silver higher. […]
Any 5-year old can tell you the story of poor Humpty Dumpty. To paraphrase for today’s financial news: All the king’s horses, and all the king’s men, couldn’t put Wall St back together again.And if you’re the historical type – do you also get the feeling that old boy Hank Paulson is doing his best […]
Here’s a very funny video for your Friday. You gold/silver bulls will especially enjoy the banter.
This CNN headline says it all: Dow gains 410 on talk of a long-term government solution to the current turmoil. The full article, if you’re so inclined – I’m too sick to my stomach to read on.
Jim Rogers commenting on: The current financial crisis and outlook for financials The Fannie/Freddie bailout Oil – the bull market is not over (he hasn’t sold any, and doesn’t plan to) His short position in long-term US treasuries
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