Wednesday 10 August 2011

$1,800USD gold - Momentous!



Today gold hit $1,800 in USD terms. It has moved substantially in all currencies. It is a momentous day, because of what it announces to the world about fiat money – money backed by nothing other than the promises of government. Confidence is “officially” broken. The words of the Central bankers and governments are rendered meaningless. Worthless. Worth nothing. Gold now waits for actions. No, it screams for actions.
The sound money men are vindicated today. They warned of the 20 plus year policies that have led us to this point. Ridiculed, by academics and professionals everywhere, they stood alone, in the minority. They still are. But not for much longer! Gold has announced their arrival and before the final and dramatic act is over, monetary history will be learned by many, many more. Including the doubters and the “professionals” stuck, mindlessly in their recent history paradigm. The professionals - smart men? Yes. Wise? No.
The seeds of the great re-awakening are in this momentous day. By the end of this there will be a demand for sound money. It is coming.
I thankfully and gratefully acknowledge the independent and courageous thoughts and teachings of those men and women who understood history and the nature of the current system. They stood for something. They stood alone. I humbly say, thankyou!!
Specifically, I would like to list the following: James Turk, James Sinclair, Marc Faber, James Rogers, Eric King , Eric DeGroot, Dan Norcini, Eric Sprott, John Embry, John Hathaway, Ron Paul, the Austrians, DG, DM, CL....and many more

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