Gold and Commodities Advancing On All Fronts
January 12, 2009 by Bob Livingston
Have you ever seen such escalating prices of commodities? Soft commodities (farm products) are reaching all-time highs, led by winter wheat. Are you beginning to see higher prices at the grocery store? Don’t forget to always get a few extra food items for storage and to beat higher prices. Believe me, this could be big later on. I have always stored food—learned it from the Mormons.
Gold and silver stocks (the HUI) are getting stronger—led by the price of silver. I expect a big move up in the gold and silver stocks, and the coming-out party of gold and silver juniors. Yes, before it is over you will be proud of your juniors. They have been dogs so long. Mine were not worth selling.
But remember the seniors all need more reserves and the way to get them is to buy up the juniors.
Be sure to keep buying the gold and silver coins. I really believe that someday they will be in backwardation. This is when the futures price equals the spot prices. At that point there will be no more gold, silver or platinum for sale for your paper money.
Close your eyes and buy. Soon the little differences between dealers won’t matter.
What will happen to the U.S. economy and the U.S. dollar (a paper myth)? From my reading, we have been through a raging economic fire and we are nowhere near the end. However, I believe that the U.S. economy riding on a dying fiat currency will muddle through this time with ever-increasing rot.
The people must not know reality if the system is to survive a bit longer.
Please try to remember that as fiat paper currency goes to zero in exchange value, all wealth will have been transferred to the money creators and the people will be left impoverished.
The very purpose of the invention of paper money is to transfer all production and wealth to the State and the bankers without payment.
Let me give you an example. Suppose that you want a loan on your house. You go to the bank. The bank creates the money. No paper—just computer symbols. Then you default on your “loan” and the bank takes your home. What happened? The bank got your home for nothing. They stole it.
Paper money always means inflation. Paper money is inflation. Inflating prices and maybe hyperinflation is ordained by the elite. Deflation at this critical time would undermine the system and possibly cause revolution. However, hyperinflation down the road will certainly become deflation.
It is my opinion that all who hold in their possession gold and silver coins and stored food can survive. I would add the provision that all should have legal arms and ammunition. They are also headed out of sight pricewise, and will soon be unavailable.
The whole world is still balanced on the U.S. money creators. They are all interdependent on the global economy. That will change, but it hasn’t yet.
More war equals more mountains of paper money. Iran and Pakistan are in the crosshairs of the U.S. and Israeli military. The purpose of the U.S. military industrial complex is war. War is a part of the system.
Ellen Hodgson Brown J.D., author of The Web of Debt says that the hidden U.S. cause of action against Iran is their no-interest banking system. Now they can’t allow that, can they?