You’ll Buy Gold Now and Like It!

Posted on August 27th, 2010
Gold

By Jeff Clark, Casey’s Gold & Resource Report

I get this question a lot: “Should I buy gold now, or wait for a pullback?”

It’s a valid question. For nearly two years, gold hasn’t had a serious decline. There have been pullbacks, of course, but nothing assumption-challenging. In fact, since October 2008, gold’s largest price drop is 10.6% (based on London PM fix prices), and yet the average of all declines since 2001 Read More »

Ron Paul Calls for Audit of US Gold Reserves

Posted on August 27th, 2010
Fort Knox Gold Vault

“U.S. Rep. Ron Paul , R-Tex., plans to introduce a new bill next year that will allow for an audit of US gold reserves, he told Kitco News in an exclusive interview.”

“Paul dropped the news in the interview, indicating that the bill still does not have an official name yet but will be unveiled at the start of the new U.S. Congress.”

“If there was no question about the gold being there, you Read More »

The Idiots Guide to Repairing an Economy

Posted on August 26th, 2010
Credibility by Eric Allie, Caglecartoons.com

By Bill Bonner for The Daily Reckoning

Too bad Thomas Friedman has stopped writing about the economy. We could use a good laugh this morning. Chilly winds are blowing across this part of France. The children have all gone. The sun is low and cool. It’s quiet here, and a bit sad.

But Friedman has moved on to giving bad advice on other subjects.

So, this morning we turn to Bob Burnett, “retired Silicon Valley Read More »

Obama’s Royal Retinue

Posted on August 26th, 2010
President Obama Enters Limo

By The Daily Bell

Vacationing Obama can’t shed White House entourage … President Barack Obama had a simple task for his first morning on vacation: shoot over to a Martha’s Vineyard bookstore to fill out his daughters’ summer reading list and grab himself a novel. Easier said than done. His SUV, part of a 20-vehicle motorcade, passed through a cordon of Massachusetts State Police motorcycle officers, in a protective cocoon of Secret Service Read More »

It’s Funny Now…But, Sad to Think About!

Posted on August 26th, 2010
Foreign Trade Buy American by Gary McCoy, Cagle Cartoons

By John Rubino

This just hit my email box. It’s funny, as long as you don’t think too deeply about it.

Stimulus Check

Sometime this year, we taxpayers will again receive another ‘Economic Stimulus’ payment.

This is indeed a very exciting program, and I’ll explain it by using a Q & A format:

Q. What is an ‘Economic Stimulus’ payment?
A. It is money that the federal government will send Read More »

U.S. Dollar Threatened by Fannie & Freddie

Posted on August 26th, 2010
Fannie & Freddie by Nate Beeler, The Washington Examiner

By Axel G. Merk, Merk Investments

Social subsidies may make good politics, but all too often bad economics. When Fannie Mae was created in 1938, the seeds were planted for the biggest housing bust the world has ever seen; the going was good while the party lasted for the first 80 years, but ended in the financial crisis of 2008 – the hangover for many still remains. In 2008, many feared the Read More »

Economic “Water Torture” Coming to U.S.

Posted on August 25th, 2010
Debt China by Mike Keefe, The Denver Post

Addicted to Profits Newsletter Writer David Skarica has an addiction that might just benefit you. David is addicted to making himself and his subscribers money. In this exclusive interview with The Gold Report, David predicts that the U.S. economy will decline very slowly, describing the process as “Chinese water torture.” David says any precipitous market drop will be pre-empted by further quantitative easing. And this, he says, will be bullish for gold.

The Read More »

After the Bond Bubble, Cash Will Be King

Posted on August 25th, 2010
Pile of Cash

By Peter Atwater

It’s not likely that money will head into stocks. Instead there will be an unprecedented rush for cash — T-Bills, physical cash, you name it. Pure unadulterated, street-cred liquidity.

Yesterday, Todd Harrison raised the literally $64 trillion question, “When the money comes out of the bond bubble, where will it go?”

Todd raised the possibility of it heading into stocks, but I seriously doubt that, for a few reasons.

First, please consider that Read More »

How Americans Will Build Wealth Following the Recession

Posted on August 25th, 2010
Cash - Full Frame

“With a weak housing market and volatile stock prices, people will have to save money if they want to feel flush again.”

“If people can no longer count on rising home values and the stock market as a way to build nest eggs, how are the average Joes among us ever going to accumulate any wealth?”

“With little credit available, consumers have no choice but to pare back their lifestyles, cut spending, and keep Read More »

CLASSIC COMMENTARY: PRESERVE & PROTECT Mapping the Tipping Points

Posted on August 25th, 2010
Summer Camp by Jeff Parker, Florida Today

By Gordon T. Long

The economic news has turned decidedly negative globally and a sense of ‘quiet before the storm’ permeates the financial headlines. Arcane subjects such as a Hindenburg Omen now make mainline news. The retail investor continues to flee the equity markets and in concert with the institutional players relentlessly pile into the perceived safety of yield instruments, though they are outrageously expensive by any proven measure. Like trying to buy Read More »

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