Before Greenspan became a lying weasel for the ruling elite, he sometimes spoke the truth. The chart below should be your basis for staying the course on days when the powers that be try to break the spirit of holders of gold. We know that the National Debt is rising by $3.7 billion per day and will continue to do so for the foreseeable future. I believe it will easily break $20 trillion by 2015. It would take a nice war with Iran and a deep recession to reach $23 trillion by 2015. The timing may be in doubt but the destination is certain. Gold will be much higher than it is today by 2015. On days like today where it drops $50, you can take solace in the fact that it doesn’t matter. As long as the debts accumulate, gold will rise.
Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
|The above chart shows a very clear correlation between the US Federal debt and the price of gold. If the current trend continues the US debt would reach $23 trillion in 2015 and if the correlation remains the same the indicated gold price would be $2,600 per ounce.|