By: Elizabeth Kraus

“Well so far gold has risen for 10 years from roughly $250 to $1,400, and it’s still in the linear part of the curve. But by the time it (gold) goes exponential it is going to be up precipitously from where it currently is.

Could gold go down? Yes. And it probably would – if the feds would permit the economy to de-leverage in an orderly way. But, instead, they’re fighting it…”digging in their heels…and holding onto the furniture to try to avoid getting dragged along,” says Daily Reckoning. “They’ve tried monetary policy. They’ve tried traditional fiscal policy. Nothing worked. So, now they’re trying QE2. Read More→

By: Elizabeth Kraus

Shanghai Gold Exchange revealed recently, it had imported nearly 500% more gold in the past ten months than it did in all of last year, according to Bloomberg. That’s 209 tonnes of gold already, compared to 45 tonnes last year. Why?

Chinese are buying gold as a check against rampant inflation!!! Moreover, it’s a way to check inflation while keeping the yuan low and continuing the currency war. Early this year, people speculated that China, which does not regularly reveal gold data, was a key force driving the market higher this year. It turns out they are. Read More→

By: Elizabeth Kraus

To do the right thing, to be kind, to be decent…But, as we fly into the third act of the theater of the absurd…please let this be the last Christmas in America dominated by the propaganda that holiday retail sales have any more impact on the $14.7 trillion U.S. economy than a moldy, half-eaten fruitcake left over from 2007….All the while–the Americans struggling under the weight of credit card debt and medical bills are increasingly resorting to bankruptcy in retirement. Read More→

By: Elizabeth Kraus

Shanghai Gold Exchange revealed today, it had imported nearly 500% more gold in the past ten months than it did in all of last year, according to Bloomberg. That’s 209 tonnes of gold already, compared to 45 tonnes last year. Why?

Chinese are buying gold as a check against rampant inflation!!! Moreover, it’s a way to check inflation while keeping the yuan low and continuing the currency war. Early this year, people speculated that China, which does not regularly reveal gold data, was a key force driving the market higher this year. It turns out they are. Read More→

By: Elizabeth Kraus

It’s not starting out to be a Fantastico Monday, but I’ll give it some more time, for, just because I overslept, hit every red light on the way to work, and came in to find out the whole European economy is sitting on a knife-edge, with the people in charge scared to move in case they get cut…I say we need some dynamic and brave decisions to pull us out of this mess! I for one hope it’s not too late for Spain and Italy amongst others to pull themselves out of the mire that the banks have created, as I try to turn my attention to our home turf. Read More→