Michael Fitzsimmons

No Silver Lining for Precious Metal Bugs

The reason there are no 1oz American eagles or Canadian mapleleafs for sale (or, few and far between and very expensive) is because the governments don't want the small investor to have anywhere to hide these days. however, inferring that gold hasn't worked is also incorrect...gold has doubled since 2005...name another asset that has? there are very few. with the printing presses of the US hard at work giving yet more wealth to already uber-wealthy bankers and wall streeters, we know that inflation will rise down the road to heights previously not seen in the US. other than gold or oil, where exactly do you recommend investors put their cash? cash is king? please...perhaps now..while the US dollar is rising due to a "flight to quality"..yeah, right. but, the market always does what it has to do to insure the fewest number of people make money...so...all the people merely holding US dollars will be caught with their pants down. and those holding those 1 oz gold coins that you disdain will at least have something to barter with when the bottom falls out of the silly-assed financial system which is backed by nothing, and continues to shift hard working americans tax monies to the "chosen few". there is a name for the "socialism for the rich" which bush has entrapped us: it's called fascism.