Freetruth

Gold Prices Finally Catch Fire

The government grand pooh-bahs have a meeting and promise to monetize all the bad debt: problem fixed! Wow, that was easy. Alright everything is okay now. Just like the everything-is-okay-gla... fuzzy feelings after Bear Sterns and again after the Fannie and Freddie bailouts. When WaMu wipes out the FDIC reserves and Morgan Stanley goes down in the next few weeks the panic will be even bigger because the clueless actually believe the government is the tooth-fairy and those trillions of dollars will just magically appear. The combination of flight to safety and the coming inflation from all these bailouts are fundamentals that can only lead to higher gold and silver prices over the next year.