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The G-20 Pig-out And What It Means For Gold

July 7, 2010 by  

The G-20 Pig-out And What It Means For Gold

Listening to President Barack Obama at the Group of 20 summit in Toronto, Canada, last week reminded me a bit of myself. As a person who has gained, lost and then gained back 100 pounds over the past decade, I have given much consideration to the very best time to start a diet. Without a doubt the answer is always: tomorrow.
                     
For nearly 18 months Obama has been on a spending orgy that would make the Roman Emperor Caligula blush. Yet Obama says that the United States and other nations need to cut spending; just not yet, damn it!

"Because durable growth must also include fiscal responsibility,” said Obama after the G-20, “we agreed to balance the need for continued growth in the short term and fiscal sustainability in the medium term." Then the President added: “We can’t all rush to the exits at the same time, so countries that have surpluses should think about how we can spur growth."

In other words, “Of course I will have that piece of cheesecake.”

This is especially true if you not only think the cheesecake isn’t bad for you, but if you have in fact convinced yourself that you just might die without it.

After offering up $7 trillion in spending to re-flate the economy following the Crash of ’08 you might think that the industrialized nations had already bitten off more than they could swallow. This is apparently not so. The G-20 summit concluded with Big Governments showing their still insatiable spending appetites.

As a native born son I can tell you that nobody knows how to borrow and spend better than Canadians. Prime Minister Stephen Harper proved it by urging advanced and developing countries set aside their differences and spend until it hurts.

Harper bragged after the summit ended that the world will adopt a “carefully calibrated” plan that rightly puts growth and jobs first and then tackles market-rattling deficits in a big way.

Harper advocated what he called the, “continued role for ongoing stimulus in the short term,” adding: “The G-20 still has a lot to do to fully entrench the global recovery.”

In their final communiqué the G-20 leaders said that “strengthening the recovery is the key.” Nevertheless the G-20 leaders agreed to cut deficits in half by 2013 and to put government debt loads on a stable or downward track by 2016.

It all sounds a bit like Kirstie Alley at Thanksgiving dinner.

World’s Biggest Loser
And in case you were wondering, nobody has a bigger appetite to spend than Obama. The President says that he fears an austerity program will choke off the global recovery, inviting another crisis. But even he concedes that ballooning American and European deficits will be pared back eventually (just one last box of chocolates… I swear it).

“We are moving in the same direction,” the President said as the summit came to a close. Exactly what direction that is remains unclear, but I for one think it might require an economic liposuction also known as deflation.

Of course that is all down the road. The good news for the U.S. is that the G-20′s six-year window leaves Obama the latitude to front-load stimulus and bring in austerity later. No doubt that will come sometime after the President’s bid for re-election.

Meanwhile, Washington is currently running a $1.4 trillion deficit, or a number which almost totals 11 percent of gross domestic product (GDP). Still the President has said he is determined to keep on spending until we see a permanent economic turnaround. When that will be is anyone’s guess, but one thing is clear: it won’t be easy to stabilize the debt load, much less set it on a downward path. For the 31 members of the Organization for Economic Cooperation and Development, unemployment now stands at 46 million, up some 50 percent since 2007.

Trillions have already been spent trying to resurrect the global economy and if the G-20 meeting is any indication, world governments are about to double-down on their bet. One has to wonder if even John Maynard Keynes—the father of deficit spending—would recognize what is going on now in his name. Perhaps Keynes would fear that runaway deficits threaten an even worse financial crisis.

Eventually deficits become counterproductive. They cause concern and eventually fear in the credit markets. This will invariably lead to skyrocketing interest rates and despite government’s best intentions, an economic collapse.

Germany—a country whose people are known for their boorish appetites—is urging caution when it comes to more government spending. At the G-20 summit German Chancellor Angela Merkel warned: “It’s not about growth at any price, it’s about sustainable growth.”

German Finance Minister Wolfgang Schaeuble added: “Nobody can seriously dispute that excessive public debts, not only in Europe, are one of the main causes of the crisis.”

And German Economy Minister Rainer Bruederle threw in his two euro-cents, saying that the U.S. and Europe need to “urgently” slash spending.

Fat chance I say. A doctor at an obese clinic is more likely to stop fat kids tumbling into an abandoned Twinkie truck than the German Bundestag will be at reining in the spending of other G-20 members.

In fact President Obama has staked his reputation and more importantly, his re-election, on more stimulus spending.

The Wall Street Journal writes that the Obama administration is insisting on new stimulus measures—”convincing evidence that they too recognize that the earlier measures failed.

“The administration’s stimulus program has failed. Growth is slow and unemployment remains high. The president, his friends and advisers talk endlessly about the circumstances they inherited as a way of avoiding responsibility for the 18 months for which they are responsible.”

The latest market evidence says that the WSJ is spot on. Consumer confidence is anything but confident. The Dow Industrials are on the edge of a cliff—perched below 10,000 points, while the S&P 500 is at its lowest point since the dark days of October 2009.

And don’t look for any help from our so-called friends at the Federal Reserve. The central bank has already cut the cost of money as close to zero as it can go. In fact, the yield on 10-year Treasury notes has fallen to less than 3 percent, one of the few times in our history.

All in all it’s enough to drive a fella to run out to Wendy’s and buy up Baconators.

But there is something out there that would soothe us a whole lot better than grease. I am talking about gold.

Bullion prices have risen almost 50 percent since I first recommended it to you on this site last summer—even in the wake of last week’s big correction that took place mostly on profit taking and some fears of deflation. Still, I am convinced that Washington’s next flood of money will push the Midas metal higher—much higher—up to $1,800 per ounce within the next year. That makes bullion at $1,200 a bargain.

Most importantly, gold looks to be the only dependable investment out there. Government policies will soon unleash a tidal wave of inflation which will rock the stock and bond markets as well as the banks themselves. The only profitable place, in fact the only sensible place to be fully invested right now is in gold.

I started out by talking about diets. I want to finish up by telling you something my dad said to me about gardening: “The best time to plant a tree was 20 years ago. The second best time is right now.”

Of course it would have been better to have bought more gold sooner. But let’s do the next best thing and buy some today.

Action To Take
Sell all Big Board stocks and all bond instruments this very day and use the funds to buy physical gold. I recommend American Gold Eagles, Canadian Maple Leafs and African Krugerrands. I prefer these because they are stamped in English, have their gold content stamped on them, come in convenient, well-known sizes (1-ounce, half-ounce, quarter-ounce and one-tenth-ounce) and sell at small premiums over the value of their gold content.

Yours for real wealth and good health,

John Myers
Myers’ Energy and Gold

John Myers

is editor of Myers’ Energy and Gold Report. The son of C.V. Myers, the original publisher of Oilweek Magazine, John has worked with two of the world’s largest investment publishers, Phillips and Agora. He was the original editor for Outstanding Investments and has more than 20 years experience as an investment writer. John is a graduate of the University of Calgary. He has worked for Prudential Securities in Spokane, Wash., as a registered investment advisor. His office location in Calgary, Alberta, is just minutes away from the headquarters of some of the biggest players in today’s energy markets. This gives him personal access to everyone from oil CEOs to roughnecks, where he learns secrets from oil insiders he passes on to his subscribers. Plus, during his years in Spokane he cultivated a network of relationships with mining insiders in Idaho, Oregon and Washington.

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  • Old Man Time

    The bubble started years ago. In 1980 record spending accelerated. Today it takes more to keep it up. This one too is unsustainable.

    I saw researched monetary figures that showed a large bubble inflating in 1920 and finally becoming unsustanable in 1929.

    Through the years the same politicians that gave retoric on how it needed to be restrained did the opposite. So today I doubt the sincerity of all of them of all parties. Those who shout the loudest do so mearly for your vote.

    Don’t fear the reaper. Fear and anger of the population will insure the same cure as the last depression. WW3

  • Al Sieber

    Golds down buy the dip, or better yet buy silver, (the poor mans metal) it’s day is coming.

    • Rick

      I understand about gold, silver holding value. What If the government confiscates gold, silver. Ok, so all they can get is what’s on paper. If you have physical metals there is no way for them to know. But yet what good is it if you can’t use it? The only thing I can think of is to hide it until things get better. The dollar or whatever monitary system we have at the time, just like after the great depression will still be worth very little. The government allows buying and selling of gold, silver. Then that is when it becomes a usefull metal.Being able to buy property or whatever very cheap. But, if things don’t get better. Our system of government is gone. Then what?

      • http://personalliberty.com Jessica

        Rick, gold is just an expensive trinket. What good is gold in a worse-case scenario? A hurricane or other natural disaster. A major terrorist attack. A abrupt and total economic collapse. Or some other catastropic event that causes the food distribution system to break down and law enforcement to become nonexistant. You can’t eat that gold. The pudgy pod people will be killing each other over the last can of beans and the last bottle of water. Nobody will trade you their food, ammo or tools for your gold.

        • http://richardlockhart/facebook LOCKHART, Richard Todd

          What a load Jess. If the scenario you mentioned becomes reality, the metals will be king, paper worthless. The metals have always been the backbone of trade and barter systems, and always will be. The man with a 1000 cans of corn wants something for each can. You tell me what he’ll take. 1 barrels of oil, a bale of hay or an oz of gold or silver. Give me the shiny stuff. The people that have it will become the new rich when it’s over.

          As for governments not allowing you to have it…. Let’s see they don’t allow drugs, they didn’t once allow booze. As you know, neither of those made anyone any money. Can you spell black market?

      • william oconnell

        THEN WHAT? WHY FASCISM OF COURSE

  • http://donthaveone Beberoni

    The bastard Kenyan hasnt a clue what he is doing, and it becomes more and more evident everyday. Even his own followers are turning on him, and even those that are close to him in his own party are starting to distance themselves from him, and soon they will throw him under the bus. They will run Hillery in 2012. Watch and see.

    • Christin

      Good, throw him under the bus… NOW! But Hillary is just as bad. She may not be pro-Muslim like BO, but she will be a good puppet for the “Elites.”

    • EMIL HINTERTHUER

      IT WOULD BE NICE TO SEE THIS B.. UNDER OUT OF OFFICE AND AMERICA FOR GOOOOOOOOOOD.BUT PLEASE DO NOT GET HILLARRREE BACK AGAIN BECAUSE SHE IS FROM THE SAME OBAMA BUNCH.SHE SOLD US ALL TO THIS KENYAN B…
      I HOLD HERE RESPONSIBLE FOR HIS WINNING THE ELECTION.

  • ROSINA

    I AM SO GLAD I BOUGHT SOME GOLD LAST APRIL BUT WILL CONTINUE TO DO SO.
    ALSO I RECOMMEND THE EVERBANK WHO HAS CD’S IN NORWEGIAN KRONA AND ALSO IN THE BRICS. AT LEAST ONE DOES NOT REMAIN SOLEY IN DOLLARS.
    I AM WORRIED THAT NOT TOO MANY PEOPLE UNDERSTAND THE GRAVITY OF THE SITUATION AND WILL RE-ELECT OBAMA.
    OUR ONLY HOPE IS A CONGRESS WHICH IS DIFFERENT AND NOT DEMONCRAPS/MARXISTS AS NOW.

    • rusty v.

      Maybe this is a little known fact but if a president declares a state of emergency, he can call all your gold in and take it away from you. FDR did it to the people back in his day. While there was no state of emergency, he (FDR) declared one, so as to take the peoples gold away from them and there was nothing the people could do about it. So they lost it all.

      • vicki

        There were and are multiple things they could have done about it.

      • Frank Oak

        That is when the people say no to unconstitutional laws.

        • Rick

          And just when are we going to do that? After the fact

          • Frank Oak

            That’s right. If the law is unconstitutional don’t obey it. When laws are unconstitutional we move from rule of law to rule by man. Rule of law means the government obeys the laws under which it was organized. Remember your rights predate the Constitution. The government was formed to protect your rights and you can look to the DOI to see where your rights come from.

        • Rick

          The problem is that the government is rewriting and changing the constitution.What might have been unconstitutional a few years ago isn’t so today.

      • Rick

        He could ony confiscate the paper silver and gold, which some people buy. It’s like owning stock. If all of a sudden stock crashes or gold, silver confiscated, it’s gone. Not the physical metals there is no record of ownership to that

  • Coservative at Birth

    It has become abundantly clear that Obama’s intentions all along, were to destroy our economy as quickly as he can. The damage he has wrought will take at least 10 years to clean up. I predicted this in May of 2008. To no avail, everyone thought I was over the top. The totalitarian socialists have been in control of our legisature for most of the time since 1914. Americans have been brainwashed to such a large degree I fear it is too late to prevent violence in the streets. Neighbors turning on each other to gain favor with the gestapo. Unfortunately, History is repeating itself before our very eyes. Did anyone receive the the American Community Survey from the Commerce Department/Census Bureau? An 18 page booklet required by law to be filled out answering detailed questions about: the property you live in, where you work, how much income you have in your household. A similar document was issued in Germany by the NAZZI’s in the 1930′s. This is just the begining.

    • Rick

      Well, you’re pretty right on, except it isn’t any of the presidents of the great US that is the problem. I suggest you read about the Free Masons, the Illuminati and the Builderbergs. The shadow government, all working toward one goal. One world government. They are the ones really pulling the strings. These organizations have been around before the US was the US. They’re not just screwing us over but every country in the world until they accomplish there mission. And they are winning. You really think that some ding bat president would do this on his own. they are all just puppets. Lead by the most powerful people in the world.

      • BWJ

        RICK, I would really like to converse more with you on this One Word Gov. I believe it exist, have found bits and pieces about it, but most look at you like your crazy when you mention a OWG. A lot of people think Barack the Liar is a moron, I say he knows exactly what he is doing and is solely reacting to the strings being pulled from the higher ups. I believe he was put hear to destroy America and our way of life. Just can’t understand why a Jew, George Soros, supports a Muslim. Kinda like a chicken supporting Cornel Sanders.

      • william oconnell

        I HAVE BEEN READING ALL THE COMPLAINING AND THE ONE THING I NOTICE NO ONE HAS STATED WHAT KIND OF A GOVERNMENT THEY WANT.HOW ABOUT FREE MARKET CAPITALISM?

      • http://richardlockhart/facebook LOCKHART, Richard Todd

        Rick, My first question. Are you a free mason? If you are then you should know better. If not then you don’t know what you are talking about. I am a free mason and a 32nd degree. I can assure you also that I am a Christian and attend church regularly. Let me assure you that the free masons are a group of people that will fight tooth and nail to defend America, its rights and its people to the bitter end. I know of no other group that on the whole have done more for our country, its citizens, etc. than the free masons. You have bought in to the falsehoods perpetrated by who knows who, that we cut the heads off chickens, drink blood, worship satin, and whatever else the lie of the week may be. Let me assure you that The Masonic Lodge has a strong belief in God and Country and their fellow man, Mason or not, and will be on the forefront to keep America strong in times of crisis. I am proud to be one and will continue to be one. Call on us in times of crisis and we WILL be there for you.

    • LIME CONSERVATIVE

      I CAN ONLY SAY ONE THING.GET TIS KENIAN MUSLIM OUT OF THE BLACK WHITE HOUSE AND OUT OF AMERICA.I SEE IN HIM THE FIRST BLACK AMERICAN HITLER.
      IF YOU ALL KEEP HIM,THEN YOU DO NOT DESERVE ANY BETTER AS ALL THE PEOPLE IN THE THIRD WORLD.WE HELP THEM WITH OUR DONATIONS,BUT DON’T WAIT FOR HELP FROM THE REST OF THE WORLD BECAUSE WE DO NOT HAVE MANY FRIENDS OUT THERE,ONLY USERS.

  • s c

    Curious, isn’t it? Herr Obummer’s brainwashed legions are still starry-eyed and clueless, but this isn’t the case with the ‘G20 partners.’ They KNOW crap when they see it, and Herr Obummer is, in a nutshell, PURE CRAP.
    Europe knows what’s coming, but NOT Herr Obummer. Realists in the US have an idea, but NOT Herr Obummer. Can you say LIVING IN DENIAL? Can you say living in, thinking in, and becoming the box?
    Progressives had all those to perfect a White House “god,” and we wind up with a LOSER like Herr Obummer. You did it AGAIN, progressives. Stick to theory, retards. Leave the real world to AULTS and those who care about taking care of America. All those years, and your ‘best and brightest’ never came close.

  • http://personalliberty.com JOHN DENVIR

    OBUMMER WAS GROOMED BY BARON JACOB ROTHCHILD!!THE ROTHCHILDS CORRUPT BANKSTERS CONTROL THE MONEY AND MEDIA IN EVERY COUNTRY EXCEPT IRAN,NO.KOREA ,SUDAN.LIBERIA AND CUBA!REMEMBER JOHNSONS TONKEN GULF LIES?

    • Mark

      Don’t know about that, but I do know that one of the Rothchilds was supporting McCain. She switched from Hillary when Obama won the Dem nomination to McCain, because she said he was not up to the task.
      Frankly, there were 3 Republicans who would have been a good choice (Paul, Romney and Giuliani), and McCain was not one of these.

      • s c

        Without trying to ruin your day, Mark, read, compare notes with your friends and re-think your opinion of Rudy. He has some VERY interesting specimens in his political closet. You may find that Rudy is cut from the same ‘cloth’ as McCain.
        Be careful what you wish for, Mark. “They” just might give it to you the same way America was hosed with the current pretender(s) in the White House. It’s never a matter of what we want to see. It’s always a matter of what we MUST see.

        • Al Sieber

          Good post, you said how it is.

      • Christin

        I voted for Huckabee in the primary and HE was the RIGHT chose for America… on Taxes, the Constitution, smaller government, the family, business… making things right for confidence in the free market and increasing jobs. Huckabee is a true conservative.

        • DaveH

          Huckabee is a RINO. Don’t kid yourself. The Republicans can’t get the job done. They offered themselves as the solution for Jimmy Carter huge growth of Government. Did they stop it? No. It just kept growing.

          There is only one party with the Principles to take us back to the Freedom our Founders envisioned. That is the Libertarian Party:
          http://libertarianparty.org/platform

          • Christin

            Maybe Dave, but Huckabee is a Conservative, pro-business and a Christian and would have been light-years better than radical obama the muslim or hillarycare the 20th century Progressive.
            We would NOT be in half this mess if people voted for him.

          • Frank Oak

            You are right, but what we need to do is take over the RP and kick the RINO’s out.

      • Rick

        Funny, And the Rothchilds are a big part of what goes on in the shadows of One World Government. Ever since the begining of the Builderberg in 1776

  • bob pa

    Jefferson knew and he and the founding fathers put constraints in the constitution, and Carter and most of the rest of the liberals and dems who control congress spend and dictate everything and the sheeple keep following them into catostrofic debt and loss of liberty. the only thing left is revolution to save america. when will you wake up?

  • bob pa

    the only semblance of rashionality in the last forty years was Reagan. but he was only one man, but he did a lot to forestall what was comming. the libs including a lot of repubics caused this terrible situation and we are paying dearly.

    • Ellen

      Reagan might have done some good things but he was by no means the stellar performer that so many like to portray. He was just another who, if he had abided by his oath of office to preserve, protect and defend the Constitution, could have done much for this country. He gave amnesty to many illegals back then and I find that unconscionable.

      Democraps and Republiturds alike have done their best to destroy this country. None of them have a clue what the Constitution says nor do they care.

  • J.M.R.

    the best diet we could have is to have the dick-tater put his head in a guillotine [sp]? and pull the lever himself. impeach,impeach.

  • Matt

    I fear both parties are running us down the same path – there is no real leadership for hard solutions are needed to remedy our fiscal ship. The real fixes will be painful for all or many so they are scared to even mention the need for they love their seats of power more than they love this country. I believe they actually use the right vs left, republican vs democrat as a smoke screen to keep us thinking there is really a difference, but there really is none. Sure they talk different, but they govern the same. We are likely to have a very hard next few years with the lack of leadership, our great ship is adrift and more a more people are getting sea sick. I know of not one who has neither the vision nor the character to right this ship. We all need to maintain and develop our sense of community, as our only real anchor in this tempest sea. My fellow man, the one I trust, is who I turn to during hard times, not my government.

  • ONTIME

    I wonder just how long it will be before the govenments decide to confiscate any holdings they deem necessary to survive. I say to you that government is purposely being expanded and grown in order to make it so expensive it can no longer be affordable without becoming a unabated tyranist and thief….

    Keep your knife sharp and your powder dry.

  • Christin

    Great article John. Informative… and the food comparisons were fun!
    Can’t believe some, even world leaders, would fall for “spend until it hurts” from obama. No doubt the Elite puppeteers told him to say that so all the countries fall into economic collapse and their dream for “one world order” will come true more quickly. obama talks out of both sides of his mouth, he lies constantly and I can’t stand to listen to him or look at him. He is so arrogant.

    I agree that spending IS the cause of the world crisis. Get rid of gov regulation and become a producing country again and not just a consumer country.

    Buy gold… the liberals/progressives hate it when you do, because you are saving it and not spending it. They want you to spend, spend, spend so they can keep their failing debt spending going!

    A Constitutionally Conservative Congress in 2010 would be great, BUT, Rosina, Jesus is our ONLY Hope!

  • Lena

    Does anyone find it odd that the government gets their money from the Federal Reserve and are instantly putting their country in debt? What sort of system is this? One that is ruled by the rich elite who have all this money? That’s right! We thinks we live in this “Democracy” where people have a say. It is an absurd idea. What if I didn’t want Obama or McCain? What if I wanted someone who could actually follow through on promises and do something for the greater good instead of get in line behind every other president who didn’t end up changing anything but certainly knew how to make the ship sink even faster. If people could actually unite together and make decisions for the greater good of all the world would be a better place. But that just isn’t going to happen. We will keep being herded along by the few with all the power until the day we die. What a sad reality. I wish people had stronger consciences that weighed on them.

    • vicki

      We in the US live in a Constitutionally LIMITED Republic.

      The limitations only work when those we elect uphold their oath of office.

      Sadly we the people have not been represented for a long time. How can representatives represent us if they do not read the bills they vote on?

      Why do we continue to vote for them when they do not read and therefore can not represent?

      • Frank Oak

        You hit the nail on the head. We must make sure anyone we vote for knows the original intent of the Constitution and will uphold their oath to support it.

        • DaveH

          And then, if they don’t, we need to stay vigilant and throw them out at the following election.

        • Christin

          Agree… but what if there aren’t any Constitutional Conservatives running for those positions???
          The Elite Puppeteers will never allow us to vote for a President that is a Constitutional Conservative.

          • Frank Oak

            Then it is time to run yourself. We must turn this country around.

  • mavis

    HOW CAN A PERSON WHO HAS NO HOPE OFFER IT TO SOMEONE ELSE
    OBAMA HAS LET US ALL KNOW THAT HE IS NOT CHRISTIAN. IF
    YOU ARE NOT CHRISTIAN, YOU HAVE NO HOPE. MEHPENSACOLA,FL

  • jomama

    We are all so screwed!!

  • coal miner
  • Mike N.

    I live in N.E.Pa. We have judges indicted for accepting bribes and kickbacks while violating the juveniles a right to representation and a fair trial, state and local officials accepting bribes, businesses offering those bribes to secure govt. contracts or jobs,ect. I blame all this on the voters. hell, after the last election we voted two convicted felons right back into office. Paul Kanjorski arrainged for his nephew to land millions in federal research grants and nothing to show for it. He is running for re-election this year and he will probably win because people never learn to vote the man and not the party. I am a registered democrat but I rarely vote for dems. I usually vote rep. only because I feel they are a slightly better choice.

    We want to vote for honest,intelligent candidates, but the party machines always leave us with “the lesser of two evils” option. It’s been that way for far too long. When Nov. comes I fear we will still be voting for the lesser of two evils. Doesn’t look very encouraging, does it?

    • DaveH

      Then, we need to break that mold! If they can’t put up candidates who aren’t evil, don’t vote for them, whether they are lesser evil or just plain evil.

      For Individual Freedom, Personal Responsibility, Free Markets, and Limited Government, vote Libertarian while we still can. I’m referring to the recent proposition passed in California which basically destroys third party chances for winning the elections in California.

      http://libertarianparty.org/platform

      • DaveH
      • Christin

        I don’t know about CA Prop 14, but it sounds anti-constitutional and illegal, but what isn’t in extreme environmental/hollywood land CA.

        Voting Libertarian sounds good, but I voted for a third party candidate in a presidential election many years ago and the Demonrat won!

        As far as not voting for the lesser of two evils… if you don’t, you get the EVILest one! One of the two will win whether you vote or not.

    • http://msn.com Weary Citizen

      I agree. We are generally left with the lessor of two evils.

  • Annie Ladysmith

    Wolfgang, Merkle, Obama POTUS extraordinaire, Harper and the Queen (who is behind it but stays out of it), it is a soap opera, and it would be so funny if the RCMP didn’t almost kill one hundred people, shooting rubber bullits and breaking old ladies walking sticks and shoving them on the ground for good measure. Is this not the craziest the world have ever been? Attention; next time the G-20 comes to your town do not go outside without body armor and head protection!

  • Annie Ladysmith

    ps. Let’s hear it for the honorable “Mounties”, the RCMP on horses, what a calvary charge into the ranks of the ignorant masses! You could give the Czar’s Cossacks a run for their money! Yeah, charge! Great guns! Great courage!

  • http://none Ray

    Please consider that the IRS considers coins to be “collectibles” and profits are taxed at a 38% rate regardless of the holding period, but ingots are taxed at the capital gaines rate.

  • Normal Guy

    John Myers

    Are you for real – you quote an opinion piece written in the Wall Street Journal and reference it as “The Wall Street Journal writes” Then you state that the S&P is at levels equivalent to “dark days” of Oct 2009 the dark days were October 2008 – March 2009 and the market is up something near 30% since then. The Dow is up some 35%. This is after absorbing the shock of the Greek Sovereign debt issue.

    Incidentally you should really try to give a little balance, what is the global economists/nations consensus on the solution of the financial crisis? Did anyone think that reducing spending in Oct 2008 was going to resolve the situation? How about the consensus on Lehman being allowed to fail? What did Allan Meltzer have to say about that? (Meltzer was indirectly quoted in your reference to the Wall street Journal.) What is Canada’s debt to GDP and did stimulus smooth things out in Canada? How has Canada’s growth been in the last year? How about your predictions for what did you state was going to happen?
    Let me remind you of some of what you have said:

    July 20 2009 “Middle Middle East Mayhem Could Push Oil Over $150 per Barrel”

    November 11 2009 “Action to Take
    It is imperative that you get out of Big Board stocks and all long-term debt instruments including Treasury notes and bonds. Look for a major correction to come in the Dow, the S&P and the NASDAQ in early 2010. I wouldn’t be surprised to see the markets hit new lows. At the same time, bonds are just as susceptible to huge losses as I expect interest rates to go up. I urge you put your money into cash in the form of three-month T-bills.” Peaked at 11,000 back to 10,000 – you were wrong

    Nov 25 2009 “Action to Take: Buy Suncor at market. The weakening U.S. dollar and supply constraints on oil will push crude prices higher. Suncor stock will continue to climb alongside rising petroleum prices.” – Suncor was trading at 36.30 acording to you today it is trading at $32.50 – you were wrong

    Dec 9 2009 “Action to take: I urge you to buy Arch Coal (ACI, NYSE) at market. Call you stockbroker today.” Was trading for about $22 now trading at $20.78 – you were wrtong
    January 20 2010 “Action to take: Call your stock broker and buy Anadarko Petroleum (NYSE, APC) at market.” It was about $60 today closed at 41.59 – you were wrong

    Anyhow good work in stirring up the sheep, I’m sure you’ve got a little flock of them lined up to line your pockets. Sell them shovels so they can bury their gold in the back yard, good margin on shovels.

  • http://gmail i41

    Run a Libertarian, and reelect Onumnuts. Paul is too far out in the weeds. Paul has some good ideas but the idea of legalizing drugs, then the productivity will really drop. Don’t here much from Paul on the wet backs and all the other illegals, or cutting welfare programs for farmers, ranchers and welfare rats? If he is going to run resign from Congress first.

  • Chief Eagle

    Make Obama dig the holes for the Muslim jihadists in our nation and not with a backhoe, but rather with a shovel.

  • http://www.infinitiskies@rocketmail.com STEPHEN ANDERSON

    hi prince myers,
    good morning president , seasoned greeting to you this summer , the prices of gold recently surged on the high of appriciating value.. the AMERICAN RECOVERY ACT OF THE ECONOMY has won the recovery activation of the K-19 deep water yatching of the submarine for the transatlantic connectivity of liquified GOLD into the reserve.. SIR I AM VERY SAD TO SAY THIS AS I SPEAK i am al ive and kicking tight from NIGERIA in west sub-saharan what can be done to reinvest in substitutional GOLD distribution sale…….

  • http://UnderProcessing. Shahidul Islam

    How Can You help Me ?

  • George McDevitt

    Sounds like something to look into.

  • George McDevitt

    Send me the information.

  • http://humanevents rainer gray

    So,how do I buy stock in OTCBB:SILA,and what is the minimum investment.I’ve never bought stock.

  • Ana

    How do I buy stocks in OTCBB:SILA and what is the minimum investment I would have to make.
    At present, with the economy as unstable as it is, I can ill afford to loose any money, however small, but would take a chance if the initial investment is not a large sum.

  • http://Vineland,N.J. Teddy Mills

    What do i do to buy the shares on this new market

  • http://www.thegamehouse.co.nz David Hansen

    Hi im David and id like to know more about how i may look at buying shares in this gold corp for its low $1 somthing a share ill look forward to hearing back from you

  • http://jbrbatoci11@hotmail.com yasser

    HOW CAN YOU HELP ME,,,,,,,,,,,,,

  • Pat Montgomery

    Go ahead and count me in on this lucrative investment. Where do I send the $$$ to buy in on this Gold stock??!!

  • http://http// Njagi

    Change $200,000 worth Gold to US Dollars please and post it to my account?

    Your faithful,

    Njagi Munene

  • http://http// Njagi

    Dear M/S,

    I’ve accepted the statement I can see above.

    Your faithful,

    Njagi

  • http://forger1@aol.com Ian

    Dear Sirs,

    Please let me know where to buy your stock.

    Thanks

    • wayland buller

      Please let me know where to buy your stock.

  • http://www.mgoandma.org Dennis O’Connor

    Where does one have to go to purchase your stocks, and is there a minimum buy?

  • HARVEY HAMBLETON

    PLEASE SEND INVESTMENT INFO.

  • scott Mitchell

    I just don’t understand all you gold naysayers. You all have been saying the same thing for the past 10-years all the while gold has steadily climbed to $1250 and ounce from $300 an ounce. I’ll bet you are the same ones to trust this government to look after your well being.

    No you cannot eat gold, but when your government purposely devalues the dollar by printing money nonstop the only place to presrve your wealth is in precious metals. The rest of the world is scooping up gold at unprecidented levels??? what is it that you are missing here? You are the same people that said buying silver is stupid. In just the last three years, silver has gone from $7 an ounce to $20 an ounce and soon to be back to its inflation adjusted $50 an ounce. Supplies are dwindling and the buying public is growing beyond belief by the millions. I will happily trade my gold and silver for food when you are wheeling in barrels of cash to try and buy the same food. FIAT currencies are dying a slow death and are now and will be worthless soon. Dollar bills are simply notes (IOU’s) from a government that is techically bankrupt.

    But do me a favor though… keep believing and don’t buy any of it please. I will gladly pick up your share.

  • http://none A. J. Fisher

    Please send me information, this sounds GREAT! :-)

  • Sueina Lisati

    Please send me information!

  • http://www.findcash.tk Steve

    READY OR NOT, THE NEW WORLD ORDER IS COMING, BUY GOLD FOR A RAINY DAY? NAH…

  • Paul M. Lundell

    How do I get on board?? Need clear instructions. Thank you.

  • Paul M. Lundell

    What is a small amount that allows purchase?

  • frankline

    please give me more information

  • http://Whem François Clergue

    I can speak how ?

  • http://buthowearn François Clergue

    I can do the things

  • http://www.hiiraan.com hussein abdi mohamed

    Loyalty is everything if you aint got that you aint got [offensive word removed] I Smell a Juicy,Still-Secret Takeover! Be a ghost and be a legend at the same time You will never know what lies ahead, if you wouldn’t allow yourself to “eXpL0re”

  • L Stouder

    I received an email recommending SILA, and to visit your website for a free report entitled Top Mining Stocks for Monster Gains in 2010. I could not find that report on your site. Please advise on how to secure a copy of the aforementioned report.
    Thanks!

    • http://www.personalliberty.com/contact-us/ Personal Liberty Support

      There has been some kind of mistake. We have not sent out such an email.
      Sorry,
      Personal Liberty Support

  • Texasson

    It looks like lead is the metal to buy, I recommend the stock Smith & Weston!

  • Dnyaneshwar Kale

    hi Sir
    Pls. Sir I am poor the man pls… u not to gold…..

  • Adisubramanian

    Please send me investment information…

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