February 20, 2009

GOLD TOPS $1007 per ounce as faith in Dollar erodes

[Most Recent Quotes from www.kitco.com]

Faith in the US Dollar continues to erode worldwide as demonstrated by the price of gold topping $1007. per ounce today.

The "smart money" knows that the United States government is literally Bankrupting the entire nation with bogus "economic stimulus" plans for which they are printing literally TRILLIONS of new dollars.

As our government prints and adds new cash to the economy, it has the effect of devaluing all the rest of the existing cash in the economy.

When the dollar is finally exhausted as a currency - and we're heading that way fast - people who are not holding gold, silver or other tangible commodities, will be wiped out.

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