Long Silver John

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.

Dollar vs. Gold - Can We Trust This Change?

I just bought some 12-gauge buckshot for my new shotgun. The ammo was $1.00 per round. At that rate, I need to be careful who I shoot. The cost of the shovel I just bought (to start digging my bunker) also went up. Good idea about the breathing tube... I hadn't thought of that.