Erick Tippett

Not All Gold ETFs Are Created Equal

David Morgan has been on the internet and Jim Popluva's show
a thousand times as have other precious metal spokesmen. When
you purchase these ETFs you are bying a share in that ETF, there is no physical possession. The only way you get to actually own Gold or Silver is to purchase it in the form of coins or bars, etc., Many of these ETFs cannot even proove they have physical possession of the Gold or Silver that they claim. Nothing wrong with some of the ETFs, you just have to be aware that when you buy them you're not owning bullion or anything else physical.

EDT
Chicago, Illinois

Why Gold Is Losing Its Shine

No economy can ever be "stimulated" by consumption and increased debt to pay down previously incurred debt, it's not
only lacking in common sense it's madnesss! If this country
had a decent educational system, the average person on the
street would have no problem comprehending that fact!

The "big bailout packages" you speak of will gorge the markets
with a continued superficial rally which could well extend past this summer into late fall, but will offer nothing of substance to an economy fundamentally weak!

It should be obvious that only production and savings produce an
economy inclined to wealth formation. I agree that the extra
liquidity injected into the economy has not yet reached the vast
majority of consumers and small business people, those on the
bottom of the "pecking" order economically. As the result, we will
continue no doubt to experience severe deflation for quite some
time to come. This cycle will be helped along with the banking
system's credit lending hesitancy and continued deleveraging in
all areas of financial investment and debt obligations.

Gold even in a raging bull market is bound to have periods of sharp
if not mild corrections and is no doubt due for such a period after
today's strong uptrend over $902.00 or so. An upswing in this area
of the markets will surely follow. Of course only time will tell as
nothing in life's cycles is written in stone; but some things do seem
to repeat, especially the very things we don't seem to learn!

The reason this country was taken off the gold standard was the
result of Mr. Nixon's decision to do so in response to the French
government under De Gaulle's insisting upon our physical gold
for their American Dollars! To have executed those requests
would have exhausted our physical gold reserves! It had nothing
to do with the "economy's then booming growth", though a gold
standard does put necessary restraints in place and maintains discipline that prevents excess inflation and devaluation of the
dollar.

Such a shame it is that in what claims to be a modern democracy
there is such an ignorance of the truth of all its history by such a
large segment of even the "educated" population!

In your spare time you might consider reading some of the works
of Jerome Smith, Ludwig Van Mises, and Lazlo Hazlitt for starters.

Enjoy!

EDT
Chicago, Illinois

Why Gold Is Overpriced

Mr.

Your data give an entirely wrong impression. Gold has been in a
steadily inclining bull pattern over that last several years. The
dollar is holding up only because it is the world reserve currency
and that may not last much longer. A great majority of the world's
holdings are in the dollar and the Euro is having problems because
of the economic conditions in Europe. All of China, Japan, and
Russian ownership of American debt involve the dollar.

Gold being imported or exported in India does not change the fact that for over several thousand years gold has been both an intrinsic value and medium of exchange. Nations that have devalued their
currency and followed the fiat path have collapsed without exception
except perhaps this country, so far that is!

Go to Google and check out Mr. Alan Greenspan's paper on "The
Gold Standard and Freedom" you might learn something!

EDT
Chicago, Illinois

Gold Bugs Emerging in Some Unlikely Places

I was reading an article on valuation of silver junior mining companies
this evening, but when I went to reduce the chart I had enlarged and that accompanied the article, a young lady had so ably written, I lost the screen!
How can I track this article down, I can't seem to find it. Do you have the exact title and author.

Thank you.
Erick Tippett
[e-mail]