Fri, Aug 19, 2011 - 7:09am
I am writing because we are just days or a few short weeks from entering into a US dollar crisis that we have not witnessed in our lifetimes. As you know, I keep up with the financial blogs. What is really happening to the banks in Europe is already a major crisis which is unfolding as far worse than 2008. This is soon coming to the US. Without going into detail, the bottom line is that we are weeks away from desperate rescue of the financial system via huge money printing/bailout programs.
This means the US dollar is soon to see massive devaluation. And rapid inflation of prices. Gold has gone from $1395 just 6 months ago to $1865 as I write as nations and banks fly to safety from doomed paper currencies. Gold will go to $2500 and more within the next 6 months.
Gold is already becoming unaffordable. Soon it will be unavailable. But amazingly, silver has not yet risen very much. I believe that silver is now the best and only way left for middle class Americans to protect their savings. I write to you all because there is a chance you will listen to me. Most will not.
(When Obama comes on TV saying that the US dollar will NOT see devaluation, that is the time to IMMEDIATELY get out of the dollar into silver or gold if you can afford it).
Edited by: R man J on Nov 8, 2014 - 5:04am