It got to be some good stuff...




>Time to realize that you have been sold a PHONY story by the village idiot gold fund managers whose only talent has been being WRONG WRONG WRONG about gold and gold stocks for DECADES now.<

You say Gold Fund Managers have been triple wrong for decades ???? Don't know what your smok-in but take a look at the last decade.
http://www.kitco.com/charts/popup/au3650...
Were pushing toward 300%.


Take what relatively Fed Chairman professor Ben Bernanke (Helicopter Ben) famously said in a speech at the National Economists Club in Washington, in November 2002...
“Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost... We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation. “


As we know the Gold Standard was established by the Bretton Woods Agreements. Under this system, many countries fixed their exchange rates relative to the U.S. dollar. The U.S. promised to fix the price of gold at $35 per ounce. Implicitly, then, all currencies pegged to the dollar also had a fixed value in terms of gold. Under the regime of the French President Charles de Gaulle up to 1970, France reduced its dollar reserves, trading them for gold from the U.S. government, thereby reducing U.S. economic influence abroad (de gaulle called our bluff, here's some dollars I want gold, over and over again). With this, along with the fiscal strain of federal expenditures for the Vietnam War forced President Nixon to eliminate the fixed gold price in 1971, causing the system to break down. (some of the paragraph from Wikipedia)

In 1971 when the dollar was no longer fixed to gold, the printing presses at the Fed cranked up. By 1980, for every ounce of gold in America, the financial system carried $6,966 in cash. That's $1.8 trillion total. Then by the end of 2005, the total real money supply shot to over $10 trillion.
That's $38,349 in circulation for every ounce of gold in reserve.

Of course, the real money supply a lot higher now. The printing presses are still cranking, but how fast ? It's much harder for you to find out how big the actual money supply has gotten! Because by March 23, 2006... the number had gotten so frigging embarrassing... the Fed actually "retired" a number called "M3," which was the most broad-reaching measure of how much cash floats around in the system. http://inflationdata.com/Inflation/Infla...

Of course it’s still tracked, one place is here.
http://www.nowandfutures.com/key_stats.h...

And of course nothing goes straight up (except U.S. Debt) and gold is no different.

Today the FED can’t Raise rates, so the dollar will continue to push lower and lower. (good for U.S. companies that export, I hope your not investing in U.S. companies that import)

This will continue to push Gold higher and higher.
The FED’s Ponsi scheme, makes Bernie Madoff look like the play ground bully stealing some kids lunch money.

Gold and Gold stocks may not be the best investment in town, but it’s far from the worst, and should the FED’s House of cards come tumbling down, Gold will be riding high in the saddle.

Hey Kids, it's time to put the old man in The retirement home, we know he lost his marbles now, so lets get our family Attorney to put his assets in our names and we will invest them in the new Junior Gold Mining Index when it's unveiled.

JW@KSC