Long Silver John

Weekly Recap: Is the U.S. Going Bankrupt?

If the Treasury is shifting to short-dated maturities to carry a growing debt load, and if the Fed is therefore even more reluctant to raise short-term interest rates, then if velocity starts taking off, what's left to stop the runaway train of inflation? How can reverse repos be undertaken in sufficient quantity to offset Treasury needs to borrow for both principal and interest payments? What tools would be left?

U.S. Dollar Strength and Implications for Gold

Won't there be a stampede toward gold in non-US countries as their currencies fail? If US bonds are paying almost nothing in interest, the choice seems obvious...

Peter Schiff: Outlook for the Gold Market

If you have the time, read Murray Rothbard's "America's Great Depression" (free in PDF). It's uncanny, but most of the things that are now happening also happened during Hoover's term. The bailouts, the propping up of unsound banks and businesses, the inflationary policies of the 20s, and the final devaluation of the dollar. All these interventions, according to the Austrian theory, prolonged and worsened the depression by preventing the shake-out of misallocated resources caused by the loose monetary policy of the 1920s. As for me, I wouldn't even consider buying ETFs. If the government reneged on Gold Certificates in 1934, what makes you think the ETFs will deliver physical gold? So I'm buying physical gold and silver.