Free Republic

Ron Paul explains why we need to put our money in gold and how we can do that as America slowly drifts towards socialism. I'm fully aware I can't change any one's mind about Dr. Paul on FR but please listen to this video you might agree with some of what he says.

Midway through 2010 we are approaching the end of the end-game, the resolution of the monetary imbalances that began in 1971. For more than 2500 years, gold was money: but, in 1971 that changed. After 1971, money was no longer connected to gold. For the first time in history, money had no intrinsic value... ...The enormous amount of government debt—total sovereign debt now totals $34 trillion dollars—can never be repaid. The end of the end-game will come when investors collectively realize this is so. That realization has not yet happened. When it does, for most it will be too late......

Who in their right mind would suggest that gold will eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, there are almost 70 economists, academics, gold analysts and market commentators who believe gold may go as high as $10,000 an ounce before the bubble finally pops. Below is a list of such individuals each of whom has sound reasons to substantiate his or her views. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months)...

Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons Commodities / Gold and Silver 2010 Jun 13, 2010 - 03:05 PM By: Lorimer Wilson No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons - sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations - which will all contribute to rampant price inflation. Not surprisingly, I have company in that view: Money manager, Peter Schiff, told Business Week recently that, "Gold could reach $5,000 to...

Gold $7,000! By Chris Mayer 06/07/10 Gaithersburg, Maryland – During a week when almost everything went wrong, the gold market went very right. In fact, gold has been going very right for more than a decade. The gold price has more than quadrupled during the last 10 years. So is it too late to buy the stuff? My short answer is, “No.” Admittedly, gold is not like any other investment. It is not merely a financial asset; it is the ultimate form of money. But that doesn’t mean it is always a good investment. Many investors make a case for...

Amid international accusations that U.S. officials in the Clinton administration replaced gold in Fort Knox with phony, mostly tungsten bars that were later shipped to China and other places yet unknown, a German refinery has now discovered that it has received a bogus "gold" bar as well. The video proof was shown on the German television station ProSieben that ran the news story covering W.C. Heraeus in Hanau, Germany, the world's largest privately owned refinery. In the story, Wilfried Horner, head of the gold foundry, shows a 500-gram bar (16.0755 troy ounces) received from an unidentified bank. The bar had...

The Skinny On Greece And What It Means To Gold Posted: Mar 03 2010 By: Jim Sinclair Dear CIGAs, Greece will fail and be rescued is all that is discussed in the financial world. Here is the real skinny: 1. Greece getting bailed out means QE (printing of money) to infinity. That means gold would rise from here to $1650 by January of 2011, or as Martin Armstrong said, by June of 2011. The dollar would fall. Equities and commodities would rise. 2. Greece getting flushed means that would enrich the CDS OTC derivative tool. Immediately the next target currencies...

Who will be the buyers of US bonds? Questionable Fed policy to keep economy afloat, liquidity drain to keep pressure on gold and silver, George Soros putting his money in gold companies, upheaval in currency markets, TARP was to pay out the people responsible, difficulties for small and mid-sized banks. We ask, who on earth will now buy our bonds as our multi-trillion dollar Obama-ordained deficits run America into a state of bankruptcy? Certainly not the Chinese, who are no longer buying our "worthless paper." They are now buying Canadian bonds and gold. Certainly not the Russians, because they know...

Not even sure where to start. Wednesday I saw a story stating Soros bought Citi for $1.3 Billion dollars and doubled his stake in Gold. Yesterday, I saw a story stating IMF was about to sell tons of Gold. Also yesterday, I saw a story stating China had sold our treasury bonds in a plan to buy Gold. So I started digging. I know, you're shocked. LOL. Here's the facts and links. Connect the dots. Let's start at the beginning. When Obama was elected, one of the first things he did was give $108 Billion dollars to the International Monetary...

British forces should buy off potential Taleban recruits with “bags of gold”, according to a new army field manual published yesterday. Army commanders should also talk to insurgent leaders with “blood on their hands” in order to hasten the end of the conflict in Afghanistan. The edicts, which are contained in rewritten counter-insurgency guidelines, will be taught to all new army officers. They mark a strategic rethink after three years in which British and Nato forces have failed to defeat the Taleban. The manual is also a recognition that the Army’s previous doctrine for success against insurgents, which was based...

Five days after he took delivery of a metal detector and seven steps into his first treasure hunt, a novice archaeologist has helped to rewrite Scottish history and may be a millionaire after he unearthed four 2,300-year-old torcs made of pure gold a few feet from his parked car. David Booth, a game warden at Blair Drummond Safari Park, in Stirlingshire, bought his £240 detector from a website that claimed “treasure need not be an idle dream”. What then seemed an absurd sales puff has proved strangely prophetic. The hoard he discovered at the edge of a field was described...

Image: via Food Court LunchAmong the chaos of the collapse of Hitler’s empire in April 1945 the biggest heist in history took place. Gold bars, jewels and stolen foreign currency with an estimated worth of $3.34 billion vanished from the Reichsbank vaults, in Germany.Reichsbank, Berlin 1933Image: German Federal Archive In the ensuing decades small quantities of this bounty have turned up in Portugal, Switzerland, Turkey, Spain and Sweden but the majority remains missing. Across the world search teams look for this missing treasure and the supreme prize of the legendary Amber Room, an acquisition from St. Petersburg during WWII,...

With the prospect of higher unemployment hanging over the markets, some experts expect a correction. So are they right? Michael Cuggino, president and portfolio manager at Permanent Portfolio Funds, and John Lekas, CEO and portfolio manager at Leader Capital, shared their insights. (See their recommendations, below.) “I think we go below the double dip,” Lekas told CNBC. “By year-end, we drop below 6,300 on the Dow and by 2011, we’re at 4,200.” Lekas said although Monday's ISM services index was “neutral,” the unemployment number was at 785,000 last month and that number is expected to worsen. “So 26 to 27...

The UK's largest haul of Anglo-Saxon treasure has been discovered buried beneath a field in Staffordshire. Experts said the collection of 1,500 gold and silver pieces, which may date back to the 7th Century, was unparalleled in size. It has been declared treasure by South Staffordshire coroner Andrew Haigh, meaning it belongs to the Crown. Terry Herbert, who found it on farmland using a metal detector, said it "was what metal detectorists dream of". It may take more than a year for it to be valued. The collection contains about 5kg of gold and 2.5kg of silver, making it far...

13 gold coins have been found, wrapped together, by the river in Córdoba If you know where to look, buried treasure can still be found in Spain. The latest find was not however thanks to a map marked with an ‘X’, but came as part of an archaeological excavation as part of new drainage works in Córdoba, close to the famous Roman Bridge in the city centre. 13 gold coins, escudos, from the reign of Carlos III, dated from 1776 to 1801, and wrapped in a cloth, were found under a layer of limestone which has kept them in a...

Roy Langbord had guessed that someone in his family might have hidden away a great treasure decades before, but not until his mother had him check a long-neglected safe-deposit box did he realize just how great it was. Inside the box, opened in 2003, he found an incredibly rare coin, wrapped in a delicate paper sleeve. It was a gold $20 piece with Lady Liberty on one side, a bald eagle flying across the other and, at Liberty’s left, the four digits that made it so valuable: 1933. The famous “double eagles” from that year were never officially released by...

An external audit of the Royal Canadian Mint (RCM) has failed to find millions of dollars' worth of "missing" gold. Auditors Deloitte were asked in May to investigate a discrepancy between the amount of precious metals on the mint's inventory and in its actual stockpile. Deloitte concluded that the unaccounted for difference "does not appear to be an accounting error" and identified security as an area for consideration. The RCM said it was not yet clear whether any gold was actually missing. "All customer holdings and metal deposits entrusted with the Royal Canadian Mint are secure and have been fully...

After seven years of combing fields and beaches with a metal detector, the only thing housewife Mary Hannaby had to show for her hobby was an old dental plate. But all those efforts paid off when her first proper find turned out to be a 15th-century gold treasure valued at £250,000 or more. The find is thought to be part of a high-quality reliquary or pendant, and depicts the Holy Trinity. Mrs Hannaby, 57, from Hemel Hempstead, Hertfordshire, heard her metal detector's tell-tale beep while out on one of her regular six-hour Sunday detecting walks with her son, woodcarver Michael,...

MORE than a thousand years ago a Saxon thief, desperate to hide his plunder, stashed a hoard of stolen gold in what is today a nondescript West Yorkshire field. What became of the thief is lost to the ages and his precious loot lay safely buried in that same field for the next millennium. There it remained until a treasure hunter, out with his trusty metal detector last year, experienced the moment he will never forget when he unearthed the amazing find on the farmland near Leeds. Archaeological experts say they believe the three gold rings, half a gold ingot...

After seven years spent prospecting for gold as a hobby in the California desert, Terry Hughes of Moorpark hit the mother lode. On Memorial Day, the former Marine and disabled Vietnam veteran scored a “one-in-a-million” find: an 8.7-ounce gold nugget worth an estimated $10,000. “We’re all hoping to find the big one and Terry did,” said Patrick Keene, co-owner of Keene Engineering, reportedly one of the world’s largest suppliers of portable mining equipment. A nugget that big — about the size of an egg — is “extremely rare,” Keene said. Hughes purchased all his mining equipment from the Chatsworth company,...