10 Best Legal and Financial Services in Elma, NY

Gold Hits New Record Highs As the dollar falls, gold continues its upward momentum. Lets look at gold prices one year ago: Gold Spot Prices as of the close of trading in New York Wednesday September 22, 2010 Today Change Week Ago Month Ago Year Ago Gold $1,290.70 +$17.10 $1,268.40 $1,227.90 $1,015.10 Silver $21.06 +$0.44 $20.57 $17.99 $17.14 As you can see, gold is up over $275.00 per ounce in the past year. Silver is up almost $4.00 per ounce in a year. This means that if you bought one year ago, $100K in gold at $1,015.10 per oz, it would now be worth over $127,000.00 That is a whopping 27% increase in a year ! People laughed at us 5 years ago when gold was at $450 and we suggested gold would go over the 1980 high of $800.00 per ounce. Well here we are 5 years later, and gold is just below $1300.00 per ounce. It is clear that it is the underlying fundamentals that are driving the price of gold. These fundamentals of course are debt, dollar printing (also called Quantitative Easing by the Fed), paper derivatives losses and financial legislation designed to hide bad debt. The prime mover behind the dropping dollar is the derivative crisis. A derivative is a contractual paper instrument which offloads risk to a third party. That third party is usually an insurance company such as AIG. The derivative crisis is the real reason behind the so called market crash two years ago. It was not wanted that the finger be pointed in the right direction at least at that time, but it is these paper derivative instruments which have dropped in value, and rightfully so. They represent few tangible assets and people are finally figuring out it was a Ponzi Scheme to begin with. Unfortunately most retirement plans are chock full of derivatives and the new legislation lets these banks and other fiduciaries hide this bad debt from their books. How on earth will legislation like that make investors want to invest ? It can't of course. No sane investor will want to invest in a company that has these hidden debt instruments buried in their corporate bowels. This means that gold and silver have become the de-facto investment option for any sane investor. Good luck, and stock up on gold and silver. www.GoldMetalShop.com Gold Chart 10 Years - 2000 to 2010

By The Metal Shop

Gold Continues to Rise

Onward and Upward, Gold Continues its Climb in 2010If you are wondering why gold has risen over 14% per year since 2001,look no further than our paper monetary system.This system is also the reason why gold will continue to rise most likely into the several thousands of dollars per ounce over the next decade too.I will explain why.Most US citizens, think in terms of "dollars".They price things like groceries, cars and homes in dollars, however this also means that they price gold in dollars as well. A person who has not travelled the world may think it an absurd idea, that anyone would price something inotherthan dollars. However he would be naive. Most Americans are always comparing things to dollars because dollars are their "stable datum".Datum: Definition: "any proposition assumed or given, from which conclusions may be drawn."So people are using the dollar as their basis for making decisions, this is their stable datum. They have been carefully indoctrinated since birth to always compare things to the dollar, this started in our public schools of course after 1933. The world bankers know this crucial piece of information, that you base your decisions on the "perception" of the dollar. Well the bankers have taken you to the cleaners because of this and have resorted to managing the perception of the dollar, not the dollar itself. They have developed a very sophisticated system of Behaviorial Economics (aka: MOPE - Management of Perspective Economics) in order to keep you thinking good thoughts about the piece of paper known as the dollar. The bankers do not want you to know that your perception of the dollar is their creation however.Prior to 1913 the stable datum used to evaluate value was 1 oz of gold. The bankers spent billions of dollars to change this perception through our school curriculums and the media.Our paper money used to be backed by gold and silver, it no longer is.The last part of that relationship ended in 1971 when Nixon severed the dollar from gold.Most people think that their "dollar" is backed by something such as the gold in Fort Knox, well the bankers would like to you continue to think that thought however reality is much different and the world is waking up to this fact.Your dollar is only now backed by confidence.And that confidence is, the hope, that it is backed by something, but that something is never officially named.It is hoped that you will simply assume that backing exists.The world IS waking up to the fact that our green money is only a piece of paper.This is the real reason why gold appears to be rising.What in fact is happening however, is that the purchasing power of the dollar is decreasing, and you therefore need more paper dollars to buy an ounce of gold.Its that simple.The dollar is not capable of increasing in purchasing power, in relation to gold.It is simply mathematically impossible. This is because in order to keep the current monetary system afloat, more dollars must be created on a daily basis, and more uses for dollar must be created as well, such as health care systems, environmental disasters, war etc. As long as huge activities that devour dollars exist, the current paper monetary system can stay afloat, and only through that mechanism can it stay afloat. So if you have now realized that bankers who create money, may want to also create activities which absorb massive amounts of paper money, you have probably just woken up to the realities of our monetary system. A system whereby a white house executive recently said the following words "we never let a good crisis go to waste".Good luck, buy gold and silver, and hang on to your hat, its going to be an interesting ride.The Gold Metal Shopwww.GoldMetalShop.com

By The Metal Shop

Read The Latest Newsletter from The Metal Shop

We've just published a new edition of our newsletter! You can check it out on our website and get the latest information from The Metal Shop. Let us know what you think! Read It Now Here

By The Metal Shop