CUSIF.ob active this past Friday.. more so than it has been since it topped out back in January: stockcharts.com[w,a]daclyiay[pc40!c200!f][vc60][iut!Ul14!Uk14]&pref=G
Bull market for metals shows no signs of abatement. My view: price of gold to exceed 400 dollars per ounce by year end. To deny the continued debasement of our beloved greenback is to have your head in the sand.
Look no further than the recent issuance of the new 20 dollar bill. Prior to October they were not in circulation. Now, about 3 weeks after the launch, they can be found seemingly everywhere.
I challenge anyone to display proof that for every new twenty distributed by the fed, an old one has been recalled and destroyed.
We're told that the colorful bill is more secure. Sure, that's hard to dispute. The timing however is suspect. We have a record federal budget deficit, and at the same time, the creation of new money has been given a sudden priority. Coincidence? I think not.
You may or may not have noticed, that when the actual new twenties were released earlier this month, there was a television commercial campaign meant to supposedly introduce us to it. During one football game, I saw the same spot at least four different times, sandwiched between the typical truck and beer commercials.
Then it occurred to me that I, as a taxpayer, was ultimately paying for the advertisement blitz. Compare that with an overall federal spending spree, and you start to get an appreciation for the ease with which large sums of money are being needlessly squandered.
Meanwhile, the twenties in my billfold, whether new or old.. simply do not buy the same quantity of obligatory goods as they once had.
How can I negate this trend of diminishing purchasing power? Get metal. For over two years this has been a winning proposition. No reason to think that will change at anytime in the foreseeable future.
Message 15822256
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