March Podcast Archives 2012

Gold prices held near $1,660/oz. Thursday on short-term profit taking and bargain hunting, stocks ended the day mixed. Gold last traded at $1,661 an ounce, silver last traded at $32.26 an ounce.

GOLD PRICE ‘TOO LOW’: GOLDMAN SACHS - CNBC
According to the experts over at Goldman Sachs, the current gold price is too low relative to real interest rates. These experts are predicting that gold will rise as high as $1,940 within the year.

“By holding more gold central banks are insuring themselves against their own profligacy. They print money. The price of gold goes up. And if they hold a lot of the stuff in their vaults, they are the big winners from the rise in price,” Matthew Lynn, founder of Strategy Economics, wrote in a research note.

"Goldman says gold prices should be higher because it protects central banks from the effects of printing money. We agree, but hope the days of elastic, print-as-much-as-you-like fiat currency will soon be coming to an end," says Swiss America Chairman Craig R. Smith.

DANGERS OF AN INTERVENTIONIST FED - WSJ
"America has now had nearly a century of decision-making experience under the Federal Reserve Act, first passed in 1913. Thanks to careful empirical research by Milton Friedman, Anna Schwartz and Allan Meltzer, we have plenty of evidence that rules-based monetary policies work and unpredictable discretionary policies don't. Now is the time to act on that evidence.

"The Fed's mistake of slowing money growth at the onset of the Great Depression is well-known. And from the mid-1960s through the '70s, the Fed intervened with discretionary go-stop changes in money growth that led to frequent recessions, high unemployment, low economic growth, and high inflation.

"The combination of the prolonged zero interest rate and the bloated supply of bank money is potentially lethal...the Fed is distorting incentives and interfering with price discovery with unintended consequences throughout the economy.

More: Swiss America Gold Market News

Gold prices consolidated recent gains Wednesday on short-term profit taking, sentiment & data drag stocks lower. Gold last traded at $1,663 an ounce, silver last traded at $32.05 an ounce

JUSTICES POISED TO STRIKE DOWN HEALTHCARE LAW - LA Times
"The Supreme Court's conservative justices said Wednesday they are prepared to strike down President Obama’s healthcare law entirely. Picking up where they left off Tuesday, the conservatives said they thought a decision striking down the law's controversial individual mandate to purchase health insurance means the whole statute should fall with it.

IF OBAMACARE IS STRUCK DOWN - Marketwatch
"Some people compare ObamaCare's requirement to buy health care insurance to the DMV's requirement to buy car insurance, but there is a major difference between the two that makes them incomparable. Driving a car is a privilege, but living your life is a right. Constitutionally, we cannot force anyone to live their life a certain way, so I do not see how the Supreme Court could rationally determine the mandate for US citizens to buy health care Constitutional.

IN DEFENSE OF TRUE LIBERTY -David Bradshaw, Editor, RMP
Finally some good news from the Supreme Court: The possibility of Obamacare being reversed, saving trillion of dollars and millions of heartaches, giving freedom-loving Americans real hope of halting the mad dash toward socialism and currency debasement. If only Americans grasp that federal government attempts to manage healthcare is far beyond their Constitutional jurisdiction. We hope the high court reminds citizens and lawmakers in Washington of this fact.

Below is an excerpt from 2004 "Big Picture" commentary entitled: "IN DEFENSE OF TRUE LIBERTY" featuring an interview with David Davidson about why "Liberty is Born From Within".

"A biblical [and constitutional] view of civil government is rooted in the understanding that God's power and authority flows from Himself to individual people, not to civil government rulers and then to the people, as humanist philosophy teaches. God ordained civil government to begin on the local level to promote peace and justice - no more or less. Duties that cannot be administered on a local level are then delegated to a higher level, such as state and federal government. This does not mean the state and federal government are superior or more powerful, but rather, that they have certain delegated powers given by local rulers on behalf of the people.

"This pattern establishes local government as the parent, and higher government as the child. A child does not tell the parent what to do or else the child is out of order. As with the family, so it is to be with civil government. Today the deterioration of this "bottom-up" concept is so widespread that it is almost inconceivable that local government would challenge state or federal government, yet that is how it once was and could be again. The defense of liberty is up to her sons and daughters because liberty lives only one generation at a time.

GOLDMAN: BUY GOLD - Businessinsider
Goldman Sachs is urging traders to invest their money into gold. Goldman Sachs believes, according to technical analysis, that there will be further easing by the US Fed in the future and this will move gold prices back to a six month forecast of $1,840/ounce.

GOLD VS. ELASTIC PAPER MONEY – Papermoneycollapse.com
"One of the key questions in the gold debate – maybe THE most important question – has to be this one: Was it a mistake to abandon the gold standard and adopt a system of unlimited and elastic fiat money? Is this fiat money system superior, is it stable and is it sustainable? These questions are not even being asked. That is precisely what I did in 'Paper Money Collapse – The Folly of Elastic Money and the Coming Monetary Breakdown'."

"As I show in detail in my book, the constant secular deflation of a hard money system is not only not damaging, it has in fact many economic advantages. Allow me to quote from my own book on this point:

“After the United States joined Britain on what became the Classical Gold Standard in 1879, prices declined on trend for the next 19 years at an annual average rate of just over 1 percent. This compares with a still positive inflation rate of 0.3 percent in Japan over the 20 years after that country’s money-induced real-estate bubble burst in 1990. Japan is today regularly cited by mainstream economists as an example of the evils of persistent deflation. Yet, the United States, during its two decades of gold-standard deflation, experienced solid growth and rises in income and wealth. In fact, even prior to joining the gold standard, the United States had gone through 12 years of almost no money supply growth and had experienced an almost halving of the price level from the elevated levels that prices had reached during the Civil War inflation. But still, U.S. economic performance was vibrant during this time, causing even such prominent advocates of state-paper money and central banking as Milton Friedman and Anna Schwarz to conclude that this constellation ‘casts serious doubts on the validity of the now widely held view that secular price deflation and rapid economic growth are incompatible’.” (Paper Money Collapse, page 136, 137)

"As I argue in Paper Money Collapse, our modern fiat money system, a system of fully elastic and essentially unlimited paper money, is entirely incompatible with capitalism. In the meantime, the debasement of paper money continues. [Watch Detlev Schlichter on SkyTV

More: Swiss America Gold Market News

Gold prices consolidated recent gains near 2-week highs Tuesday, consumer confidence dips as home prices hit 9-year lows. Gold last traded at $1,680 an ounce, silver last traded at $32.57 an ounce.

SIDEWAYS PRECIOUS METALS PRICES MEAN IT’S NOT TOO LATE - BullionBullsCanada
"Throughout the history of our industrialized economies, gold and silver have typically represented between 5% and 10% of the average investor portfolio – or roughly 5% to 10% of their wealth. Note that historically this ratio has typically risen in times of financial turmoil, crisis, or simply any time of high inflation.

"Today, despite the price of gold having surged in price by well over 500% from its absolute low, despite the price of silver having surged more than 800% off of its absolute low; gold and silver still represent little more than 1% of the wealth of the average individual. The gross under-ownership of this historic “safe haven” is taking place at a time when Western markets, financial systems, and their entire economies have never been in a greater state of crisis.

"Investors now have the rarest of opportunities in our markets: a clear warning and a clear buying opportunity. Those who miss out on this window will have no one to blame but themselves.

OBAMACARE ON TRIAL - LATimes
"The Supreme Court's conservative justices Tuesday laid into the requirement in the Obama administration's healthcare law that Americans have health insurance, as the court began a much-anticipated second day of arguments on the controversial legislation.

"Even before the administration's top lawyer could get three minutes into his defense of the mandate, some justices accused the government of pushing for excessive authority to require Americans to buy anything.

BRICS MOVE TO REPLACE DOLLAR WITH “SUPER-SOVEREIGN” GLOBAL CURRENCY - ActivistPost
"Brazil, Russia, India, China and South Africa, collectively known as the BRICS nations, are moving forward with their plan to unseat the US dollar from its throne as the global trade currency and to replace it with a Chinese-denominated “super-sovereign” international currency.

"This Geo-political game to establish global monetary dominance is by no means limited to the attack on the US dollar. Instead this is merely the first strike of a concerted campaign of worldwide economic warfare that will soon follow which seeks to bring the United States and its western allies to their knees.

More: Swiss America Gold Market News

Gold prices shot near $1,700/oz. Monday on bargain hunting and a weaker dollar, Fedspeak boosts stocks. Gold last traded at $1,689 an ounce, silver last traded at $32.84 an ounce.

BERNANKE DOUBTS JOB TREND - MarketWatch
"Federal Reserve Board Chairman Ben Bernanke addresses the National Association for Business Economics Policy conference in Alexandria, Virginia March 26, 2012. The U.S. economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate, Bernanke said on Monday, tamping down expectations of a quick reversal of monetary easing. Fed chief says he isn't convinced the drop in the unemployment rate can be sustained — and says he's not ready to abandon ultra-easy monetary policy.

DO WE NEED THE THE FED? -Talk With Ron Williams, Lima Ohio - Guest: Craig R. Smith
"As a country no. We have a long history of controlled financial markets not working. We should instead turn to free market solutions vs. more Fed manipulation. The Gold Standard worked well in America starting with George Washington and our Founders. During that 'golden era of money' our great nation had amazing growth and innovation, despite cyclical ups and downs. Since the gold standard was altered in 1933 with Fed manipulation, then abandoned in 1971 under Nixon, we have an intentional crashing of the dollar and manipulated financial markets," said Craig R. Smith, author of "The Inflation Deception" to Mr. Williams on his radio show today. (Special Free Offer)

BERNANKE WRONG ABOUT GOLD STANDARD -CSMonitor
Fed chairman Bernanke's doesn't understand that with gold as money, real production and savings are stimulated. Right now the Fed pumps money into the economy, which ultimately weakens it over time. "A gold-shackled currency takes away central bank flexibility, which bothers Bernanke. But the question is, how much Bernanke flexibility can the dollar stand before it falls apart completely?"

GOLD & SILVER BEING BOUGHT UP BY BILLIONAIRES - KingWorldNews “Technically, both the US and Europe are dead broke, and their GDPs would have to run wild on the upside to make the debt to GDP ratio more acceptable. How will it all end? It will end with the central banks churning out junk fiat inflation-adjusted money in order to service the debts. Meanwhile, the precious metals and other tangibles are being bought up by millionaires and billionaires as they await their turns to feast on the remnants.”

"Why are you fearful, oh ye of little faith?” asked Jesus. And the answer is that I've been fearful all my life. It's probably a result or a reaction from growing up during the Great Depression and having my wits scared out of me during my stint in World War II. Today's young ones are fearful because they can't find jobs. Stop worrying, guys and gals, believe me it could be worse.

"Friday April gold closed up almost $20. And little mister silver up almost a dollar. Are they thinking about inflation somewhere ahead? I think so. Remember, the precious metals may rise well before obvious signs of inflation. They call it discounting.”

FAKE GOLD BAR DISCOVERED IN UK -SilverDoctors
"Australian Bullion Dealer ABC Bullion has contacted SD to advise that one of its suppliers has provided them photographic evidence of a tungsten filled 1 kilo gold bar discovered this week. The bar passed a hand-held xrf scan which showed 99.98% pure AU. The tungsten was only discovered when the bar was physically cut in half. After numerous reports of 400oz tungsten filled bars being discovered in Hong Kong, this is the first documented and verified report with photographic evidence that has been made public.

More: Swiss America Gold Market News

Gold prices rose above $1,650/oz. Friday on bargain hunters and a weaker dollar, stocks digest mixed housing data. Gold last traded at $1,664 an ounce, silver last traded at $32.28 an ounce.

FED OFFICIALS CLASH ON VIEW OF ECONOMY - Reuters
A top Fed official Thursday said the economy is in better shape even as Fed Chairman Ben Bernanke focused on a source of weakness. Dallas Fed President Richard Fisher told Fox Business Network: "We will not support further quantitative easing under these circumstances because there's a lot of money lying on the sidelines, lying fallow. We don't need any more monetary morphine."

Mr. Fisher admits to Fox News that Fed money creation has a drug-like effect on the markets. This would help explain why so many investor minds are dazed and confused, watching the spectacle of a debt bubble deflating, wondering what can be done to protect protect and grow wealth.

"Right now, in terms of debt and consumption, we're still way low relative to the pattern before the crisis," Fed Chairman Ben Bernanke told students in the second of two lectures at The George Washington University. "We lack a source of demand to keep the economy growing."

Here we have Bernanke admitting failure after $6 Trillion in stimulus the Fed and government have already printed out of thin air now held by banks or invested into government paper.

"This is like frozen inflation gasoline, and the Fed has just said that, at least for now, it will stop playing with matches,” says former think tank futurist Lowell Ponte. “But the Fed really hasn't, and it may already be too late anyway.”

"Key food inflation is already much higher than the government's massaged numbers suggest. Year to year in January, the cost of milk and sugar was up 9.9 percent, hamburger 10.6 percent, chicken 8.2 percent, bacon 7.6 percent, eggs 9.5 percent and cheese 10.3 percent," says Ponte.

Read "The Uses of Inflation" by Craig R. Smith and Lowell Ponte to understand how "monetary morphine" is secretly injected and what steps we must take now to detox.

APPLE FLASH CRASH - CNBC
"Shares of Apple, the world’s most valuable company, plunged 9 percent on a single trade, causing it to be halted by the single stock circuit breaker rule because of volatility. A single trade of 100 shares at a price of $542.80 hit the tape at 10:57 coming from the BATS Exchange. The previous trade seconds earlier was at a price of $598.26. Apple share prices later recovered.

More: Swiss America Gold Market News

Gold prices dipped below $1,650/oz. Thursday, early profit taking prompted bargain hunters to buy the dip. Gold last traded at $1,645 an ounce, silver last traded at $31.55 an ounce.

‘INVISIBLE TAX’ SIPHONS AMERICAN SAVINGS AND INVESTMENTS - PR
"Government taxes us year-round, often secretly, and not just on April 15.

"When the interest rate paid on savings accounts and bonds is fixed below the rate of inflation, our money loses value. This loss becomes a form of 'taxation' that pays for ever-growing government debts, say monetary analysts Craig R. Smith and Lowell Ponte in their recent book, 'The Inflation Deception'.

“Our politicians are robbing American savers so that government can go on borrowing $58,000 every second to continue their reckless spending,” says Ponte, a former think tank futurist and radio talk host.

“They manipulate rates so you earn 'negative interest' and lose part of the value of your savings to inflation,” adds Smith. “To add insult to injury, then the politicians tax the interest as if it were a gain instead of a loss. They rob you twice.”

BERNANKE SAYS PAPER MONEY BETTER THAN GOLD Godfatherpolitics.com
"In a series of lectures at George Washington University, Federal Reserve Chairman Ben Bernanke attacked the gold standard again. In his lectures, Bernanke tried to argue that “the gold standard did not work well.” Of course it didn’t if you were a politician who was using worthless paper dollars to give the impression of economic prosperity.

"In a slide presentation, Bernanke outlined what he contends is gold’s greatest weakness, saying:

"The strength of a gold standard is its greatest weakness too: Because the money supply is determined by the supply of gold, it cannot be adjusted in response to changing economic conditions.

"That’s the point, Mr. Bernanke. The gold standard is designed to keep politicians from turning our money into worthless scraps like the discarded leftovers of cotton and linen our money is made from.

OIL PRICES AT $200 A BARREL? SOME THINK IT'S COMING - CNBC
"Signs that crude futures may hit much higher levels are converging, say oil traders and analysts, some of whom predict that Brent crude could reach $200 a barrel within the next 12 months. The biggest issue, they say, is that global crude supply remains uncommonly tight — a scenario that’s unlikely to be alleviated any time soon.

END OF THE ROAD Documentary Film - Watch Trailer
"Is the financial crisis over, or are we heading towards disaster? End of The Road portrays eleven influential commentators within the finance and investment communities, as they share their knowledge of our current financial structure.

'THE ROAD WE'VE TRAVELED' With Obama -WSJ
"This month, Barack Obama's re-election campaign released a 17-minute film, "The Road We've Traveled," that previews the Democratic general election narrative. The film is riddled with other inaccuracies and misleading claims. For example, the United Auto Workers may not have gotten "money" in the bailout, but as an unsecured creditor, the union received a 17.5% ownership interest in General Motors and 55% of Chrysler, while the companies' bondholders got hosed," writes Carl Rove.

More: Swiss America Gold Market News

Gold prices hovered near $1,650/oz. Wednesday amid profit taking and bargain hunting, stocks mixed on jobs/housing data. Gold last traded at $1,650 an ounce, silver last traded at $32.29 an ounce.

GOLD vs. VOODOO ECONOMICS: U.S. Treasury and Fed Testify to Congress - Craig R. Smith
In Congressional testimony about funding of the IMF for the financial needs in the Eurozone, the U.S. Treasury Secretary said the chance of a default by the IMF, or any of it's borrowers of money provided by the U.S. is extremely low. Why? Because the loans are all "backed by IMF gold".

How striking it was to hear a man, who has spent his career as a central banker of fiat money, calm the concerns of Congress by saying relax, the money Congress allocates to the IMF is backed by gold, and as such, the loans are virtually default-proof.

If owning gold is good enough wealth insurance for the greatest nation on earth as a guarantor of paper assets, shouldn't it also be good enough for all of it's citizens?

Mr. Geithner didn't talk about bonds, equities, real estate or natural resources as the guarantee. ONLY GOLD!

In my opinion, the next banking and financial crisis is right around the corner, and the only question is how long can the magicians keep this deception from being exposed for what it really is. I suspect not much longer.

Gold is the only money immune from political spin and capable of protecting nations or individuals from financial ruin, a fact simple enough that even central bankers understand- including our Treasury Secretary Geithner. more...

More: Swiss America Gold Market News

Gold prices consolidated recent gains Tuesday on profit taking and a flat dollar, stocks sag on China fears. Gold last traded at $1,650 an ounce, silver last traded at $32.16 an ounce.

GOP BUDGET PLAN TAX CUTS, RESHAPED ENTITLEMENTS - WashingtonPost "House Republicans laid down a bold election-year marker Tuesday, unveiling a budget proposal that aims to cut the national debt by $5.3 trillion over the next decade, reshaping Medicare and cutting deeply into Medicaid and other programs, while reshuffling the tax code to sharply lower rates. [Special Report: Re-Making Money: Ways to Restore America's Optimistic Golden Age

"Congressional Republicans argue that restraining future borrowing is a moral imperative and that entitlement programs for the elderly and the poor must be redrawn both to reduce red ink and to ensure that federal benefits continue to be available. But the document — which pairs deep spending cuts with a reduction in the top tax rate paid by the wealthy — quickly provided new fodder for Democrats, who argued that Republicans would slash the social safety net while protecting the rich.

NATIONAL DEBT UP $5T UNDER OBAMA - CBSNews
"The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency. The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.

DARK CLOUDS FOR GOLD SEEM TO HAVE DISPERSED - Bloomberg
"According to a Bloomberg survey at a precious metals conference this week, gold is poised for a 21% gain in 2012, extending its bull market to 12 consecutive years. Bullion may rise to $1,897 an ounce in New York by December 31, from $1,566.80 at the end of 2011.

"They have plenty of reasons for optimism, despite the recent drops in price. Demand for gold has strengthened as Europe seeks to contain its debt crisis, and China has displayed a growing appetite for gold. Governments have kept interest rates at all-time lows to shore up growth. Central banks have been net buyers for three straight years, the longest stretch since 1973, according to World Gold Council data.

SWEDEN MOVING TOWARDS CASHLESS ECONOMY - CBSNews
Sweden is on the path to getting rid of bank notes all together. Cash has been used less frequently as citizens rely more on cards, which has cut down on crime, but has also been a problem for the elderly who don't understand how cash cards work.

More: Swiss America Gold Market News

Gold prices rose for a third day Monday on bargain hunting and a weaker dollar, Apple news boosts tech stocks. Gold last traded at $1,663 an ounce, silver last traded at $32.93 an ounce, up over 1%.

CBO: OBAMA BUDGET DEEPENS DEBT BY $3.5 TRILLION - WashingtonTimes
"President Obama’s budget would pile up an additional $3.5 trillion in debt over the next 10 years and shows the government’s trust funds running out of money in 2020, Congress’s official non-partisan scorekeeper said Friday.

SAVAGE TRUTH ABOUT "WEALTH INSURANCE" -Michael Savage (listen)
"Look, no one likes buying insurance, but, would you drive your car without it?? No, because it protects your investment. The same goes for my gold "wealth insurance". I hope and pray I never get into a car accident, OR need my gold. But if and when I do, I cherish the wise advice from Swiss America... Protect your hard-earned money with hard-owned money. more...

HOW TO WIN 2012 PRESIDENTIAL ELECTION - Graham Summers, Phoenix Capital Research
"If you want to win the 2012 Presidential Election, you need to focus on the American people and win back their trust. And how can you do that? Two simple steps:
1) Stop bailing out/ permitting the elite to get away with crimes that normal Americans would be prosecuted for.
2) Stop interfering with small business. Make it easier for small business to start hiring by removing the uncertainty surrounding future benefits/ regulations/ taxes that small businesses will face (why do you think everyone’s hiring temps and part-timers?)

"Obviously these moves wouldn’t solve the problems for the US. But they’d go a long ways towards getting us back on track in terms of re-establishing trust in the Government and the system at large.

U.S. HAS 60 TIMES MORE THAN OBAMA CLAIMS - Investors.com
"With only 2% of the world's oil reserves, we can't just drill our way to lower gas prices," said Barack Obama. The claim makes it appear as though the U.S. is an oil-barren nation, perpetually dependent on foreign oil and high prices unless we can cut our own use and develop alternative energy sources. But the figure Obama uses — proved oil reserves — vastly under-counts how much oil the U.S. actually contains. In fact, far from being oil-poor, the country is awash in vast quantities — enough to meet all the country's oil needs for hundreds of years.

MONUMENTAL: a very important movie -Movieguide.org
"MONUMENTAL: IN SEARCH OF AMERICA’S NATIONAL TREASURE reveals the truth about America’s past. It also sets the record straight on much of the misinformation and disinformation that’s crept its way into our popular culture. The movie’s content is excellent and clean. MOVIEGUIDE® urges everyone to watch MONUMENTAL when it plays in theaters March 27.

More: Swiss America Gold Market News

Gold prices inched higher Friday as inflationary fears sent the dollar and consumer sentiment lower. Gold last traded at $1,659 an ounce, down 3% for the week. Silver last traded at $32.50 an ounce off 5% this week.

CONSUMER PRICES IN U.S. ROSE IN FEBRUARY AS GASOLINE JUMPED - Bloomberg
The cost of living rose by the most in 10 months in February, mostly due to the rising cost of gasoline, the biggest in more than a year - leaving many consumers worried about their future.

CENTRAL BANKS POUNCE ON FALLING GOLD - FinancialTimes
Gold prices have been falling over the past few days and central banks are jumping on this opportunity to buy more gold. Central banks are one of the most important drivers for gold prices so this may signal higher gold prices in the near future.

GOLD: BOTH SIDES OF THE COIN - Special Report
Today, it seems, everyone is telling you to buy gold. But there are two sides to the gold coin. For you, this might be the right time to sell, or to just hold on tight.This Special Report is an honest guide that arms you with both bull and bear arguments over whether right now is the time to buy, sell or hold gold.

WATCH BERNANKE’S ‘LITTLE’ INFLATION CAPSIZE U.S. - Bloomberg
"The Fed chairman recently described the prospects for price increases across the board as 'subdued.' 'Sudden' is more like it. For example the CPI, went from 1 percent for 1915, to 7 percent in 1916, to 17 percent in 1917. History has other examples. In 1945, all seemed well: Inflation was 2 percent. Within two years that level hit 14 percent.

More: Swiss America Gold Market News

Wise bargain hunting investors voted for gold Thursday, sending prices upward following Fed-inspired profit taking this week. Gold last traded at $1,657 an ounce, silver last traded at $32.54 an ounce.

U.S., BRITAIN SET TO AGREE EMERGENCY OIL RESERVES - Reuters
"Britain has decided to cooperate with the United States on a release of strategic oil reserves which could occur within months. "Rising world oil prices have pushed the cost of gasoline in the U.S. up sharply, threatening to stall economic recovery ahead of Obama's bid for re-election in November.

The Washington Times reports "Last June, when President Obama last released oil from the U.S. reserves, it was trading at $95.41 a barrel. It dropped about $5 over the next few days, but quickly shot back up to where it was before the release was announced."

HOW OBAMA COULD STEAL YOUR GOLD - TheSovereignInvestor
"Roosevelt’s gold confiscation order of 1933 is one of the most draconian economic acts in U.S. history, but could it happen again? Well, let’s see – back then, there were failing financial institutions, a suffering dollar, huge government deficits and rising gold prices.

"Today we have a sinking currency, a ballooning national deficit and a revenue-hungry IRS accosting taxpayers, suing foreign banks and harassing foreign governments for allegedly owed taxes. I wouldn’t put it past President Obama to justify confiscating gold as a means of stabilizing the monetary system. Special Report: THE RIGHT TO OWN GOLD - Are We About To Lose It Again?

10 REASONS WALL STREET WILL HIT BOTTOM, CRASH - MarketWatch
According to Paul Farrell, Wall Street is going to crash and he gives 10 reasons why. Farrell says, Wall Street did not learn their lesson back in 2008 and they continue to gamble with American's money.

3 WAYS THE FED IMPACTS ASSET VALUES -YahooFinance
Not many investors truly understand how the Fed decisions impact virtually all asset classes, according to Matt Nesto at Yahoo Finance.
1. Fed Liquidity & Stocks: "When the Fed is adding liquidity into the system, it's good for stocks," says Doug Roberts, author of Follow the Fed to Investment Success.
2. Interest Rates & Bond Yields: "Bonds can do well when the rate of inflation is higher than short-term borrowing costs," Roberts says, but points out when that it occurs, it's typically a good time to own gold.
3) The Fed's Impact on Gold & Commodities: Gold's role as an investment that can protect you from inflation is just part of the reason that it is effected by the words and actions of the Fed.

LAUGH OF THE DAY - A New Form of Money Laundering
"Criminals around the country are stealing an inordinate number of bottles of Tide laundry detergent. A "grime wave"? No, It seems that these Tide bottles are functioning as a store of value, even a form of money, within many black markets.

More: Swiss America Gold Market News

Gold prices dipped below $1,650/oz. Wednesday on short-term profit taking following upbeat Fedspeak and U.S. bank stress test news. Gold last traded at $1,642 an ounce, silver last traded at $32.16 an ounce.

KYLE BASS: GOLD HAS NOTHING BUT UPSIDE - CNBC
Hedge fund manager Kyle Bass believes investors have yet to see the highs in gold. Bass cites a pattern that has been established among central banks, where fiscal deficits are monetized through the expansion of balance sheets. "Call it what you want," the founder of Hayman Capital tells CNBC's Bob Pisani. "Call it LTRO, call it quantitative easing... I call it money creation out of thin air, and therefore, gold has got a lot further to go."

STOCKS HEADED HIGHER? IN NOMINAL TERMS, MAYBE... Special Offer
Compared to physical GOLD, the value of major stock market indexes has been declining for over a decade! Although your stock portfolios may be increasing in dollar terms, inflation has been eating away at the true value of your investments - resulting in higher prices at the grocery store, at the pump, and everywhere else. Gold is one of the only investments that cannot be inflated away. If you haven’t adjusted your stock investment gains for inflation, chances are you think you’ve gained more than you really have. more...

GOLDMAN SACHS CLIENT OR A MUPPET? - MarketWatch
"Greg Smith, executive director and head of the U.S. equity derivatives business in Europe, Middle East and Africa called the reason for his resignation an “integrity problem”. He writes in NY Times that Goldman bankers call clients 'muppets' and treat them as such. The problem for Goldman is that Smith’s main charge rings true. He alleges that the firm has subjugated clients in favor of profits.

HOW TO CASH IN ON GOLD VOLATILITY - Dr. Michael Savage
"I see gold prices are bouncing around a bit in 2012. I guess riding the gold bull this year will take a little more guts for many investors. But NOT me. I BUY gold on prices dips, then hope and pray it dips further! Why? Because long ago I learned from Craig Smith and Swiss America that the portion of my portfolio I hold in gold is my "wealth insurance" against a complete currency or financial collapse. Special Offer

More: Swiss America Gold Market News

Gold prices dipped to $1,675/oz. Tuesday on profit taking and a firmer dollar, stocks rally on retail data, upbeat Fedspeak. Gold last traded at $1,675 an ounce, silver last traded at $33.34 an ounce.

According to the Federal Reserve the inflationary impact from rising oil prices is only temporary and won't be permanent. "Strains in global financial markets have eased," the Fed statement said, "but pose significant downside risks."

Meanwhile, 15 of 19 major banks pass Fed stress tests, but Citigroup, Ally Financial, MetLife and SunTrust failed. The government reports retail sales picked up last month, creating a bullish boost for stocks.

"I never believe anything the government says... until they officially deny it!" a British economist once said. The same should be said of government economic reports which today understate inflation and unemployment. For example, according to "The Uses of Inflation" a free Swiss America white paper, there are at least six major hidden government USES OF INFLATION:
1) Inflation as a Tool to help political friends and harm enemies.
2) Inflation as an Ideology.
3) Inflation as a form of Taxation, here and abroad.
4) Inflation as a device for Social Engineering.
5) Inflation as a means of Wealth Redistribution.
6) Inflation as a way to seize and exercise Power. more...

GOLD TO SHINE EVEN BRIGHTER ONCE INFLATION BECOMES OBVIOUS - Forbes
According to John Paulson of Paulson & Co., inflation will eventually become more evident, and by the time that occurs, "gold will probably have moved", implying that investors should add gold to their portfolios. Many other experts like Paulson believe individuals should get gold if they haven't yet. “The 800-pound gorilla [of inflation] is not in the room yet, but you can hear him thumping his chest up in the hills,” says Jeremy Grantham.

More: Swiss America Gold Market News

Gold prices held near $1,700/oz. Monday on profit taking and a flat dollar, stocks mixed on Greek deals, China slowdown. Gold last traded at $1,701 an ounce, silver last traded at $33.65 an ounce.

GOING FOR GOLD IN 2012 -MSN
The election this year is going to have a huge impact on the price of gold. This is because no matter who the winner is, they are going to have to do something quick about the current monetary crisis that the country has been facing. No matter what the solution ends up being, it will benefit gold prices. This explains why we advice Americans Vote Gold in 2012!

A MODERN GREEK TRAGEDY: Has America also passed the point of no return? Craig R. Smith
For the first time in 60 years a nation will announce the complete "restructuring" of its debt. By any other name this is a DEFAULT on obligations, as reflected in last week's Fitch Rating downgrade for Greek debt from "C" rating to "RD" or "Restricted Default".

Everyone is going to feel the pain as the real effects of default stretch far beyond daily riots to every bondholder, foreign investor and citizen who receives government entitlements.

Everyone, that is, except mega-banking giant Goldman Sachs. It is reported Goldman helped Greece gain membership into the EU based on cooked books.

Gold provides citizens protection against politicians who are more interested in power than in doing the right thing. I agree with Jim Sinclair, Gold protects us from the things which we cannot protect ourselves. Full story

More: Swiss America Gold Market News

Gold prices bounced over $1,700/oz. Friday on bargain hunting despite a firmer dollar, stocks lifted by upbeat government jobs data. Gold last traded at $1,713 an ounce, silver last traded at $34.29 an ounce.

MarketWatch reports, "The U.S. created 227,000 jobs in February and more people found work in the prior two months than previously reported. Meanwhile, the Labor Department reports the unemployment rate was unchanged at 8.3%.[Gallup reported 9.1% yesterday.]

JIM ROGERS: GOVERNMENT IS LYING ABOUT INFLATION - MoneyNews
"High fuel prices are pushing up overall prices despite what officials at the Federal Reserve say, according to international investor Jim Rogers. The Federal Reserve often focuses on core inflation, which is stripped of volatile food and energy items, when setting monetary policy, pointing out that headline inflation remains within comfort zones.

U.S. DEBT 299% OF GDP -GOLDMAN - Bloomberg
"The federal government’s total on- and off-balance-sheet net liabilities, present and future, have a net present value of 299 percent of gross domestic product. The government will try to find a way to shrink the burden of its unfunded entitlement payments in coming decades through some combination of raising taxes for trust funds, cutting benefits, and bending the curve on health-care costs. But owners of Treasuries beware: If those efforts happen to fall short, debtholders just might be forced to bear some of the pain.

GOLDMAN'S DUBIOUS DEALS: IS THIS 'GOD'S WORK'? - BusinessWeek
"New details have also emerged about Goldman’s role in helping Greece hide its debt so it could qualify for membership in the European Union. Goldman prohibited Greece’s debt manager, Christoforos Sardelis, from seeking outside price quotes on the complicated derivatives Goldman was selling to Greece. It’s difficult to say whether Europe would be in better shape today if Greece had come clean about its debts back in 2001, but helping Greece dupe regulators by disguising billions of dollars’ worth of sovereign debt hardly qualifies as “doing God’s work,” as Goldman Chief Executive Officer Lloyd Blankfein told a reporter in 2009.

GOLD GLOWS, STOCKS STAGNANT - Special Offer
IMAGINE... you invested $10,000 in GOLD COINS five years ago, back in 2007, today your investment has grown to $26,500 - a 165% increase. IF INSTEAD... you watched CNBC and invested $10,000 in the S&P INDEX stocks back in 2007, you would have gained more...

SILVER: VOLATILE BUT OFFERS POTENTIAL - MarketWatch
“Everything that supports gold also supports silver,” said Brien Lundin, author of the Silver Bullet Strategy report. “And that list would include the massive amount of monetary liquidity that has been created since 2008, and the huge debts that have been amassed in the Western world over the past decades. ”Other supportive factors include rising demand for the metal’s multitude of uses. “Industrial demand for silver has moved from wants to needs, so [silver is] less vulnerable to economic downturns,” said Julian Phillips, an editor at SilverForecaster.com and GoldForecaster.com.

More: Swiss America Gold Market News

Gold prices rushed back to $1,700/oz. Thursday on bargain hunting, a weaker dollar and inflation worries, stocks rise on Greek hopes. Gold last traded at $1,700 an ounce, silver last traded at $33.89 an ounce.

U.S. UNEMPLOYMENT UP IN FEBRUARY - Gallup
"U.S. unemployment, as measured by Gallup without seasonal adjustment, increased to 9.1% in February from 8.6% in January. Gallup's U.S. underemployment measure, which combines the percentage of workers who are unemployed and the percentage working part time but wanting full-time work, increased to 19.1% in February from 18.7% in January.

GOVT. SETS RECORD DEFICIT IN FEBRUARY - WashTimes
"The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars. The CBO’s figures show that despite repeated efforts to trim spending, the government has borrowed 42 cents of every dollar it spent during the first five months of this fiscal year.

FED REPORT JUICES STOCKS, GOLD; QE3 BACK IN PLAY? - MarketWatch
"Stocks and commodities got a jolt of adrenaline after The Wall Street Journal reported Federal Reserve officials were considering a new type of bond-buying program to subdue worries about future inflation. Peter Boockvar, equity strategist at Miller Tabak writes," The mad scientists at the Fed are contemplating every single possible scenario to keep longer term interest rates from moving higher."

"CAPITALISM IS AN ALTERNATIVE FOR WHAT WE HAVE NOW" -Jim Grant, CNBC/Watch
Jim Carrillo writes, "Jim Grant is simply brilliant in this 3.7.12 interview with CNBC:
Maria Bartiromo: "What are the alternatives?"
Jim Grant: "Capitalism is an alternative for what we have now. I highly recommend it."
Maria: "We all do."
Grant: "No we don't."
Maria: "The Federal Reserve may not."
Grant: "We ought to be discussing an intelligent move to a sound currency based on a standard and not at the whim and the discretion of a bunch of mandarins sitting around Washington D.C."

THE POWER TO DO THE RIGHT THING - Craig R. Smith

A full and unqualified default would be the best thing for Greece. It would wash the balance sheet clean and allow a fresh start. If by chance Greece only discounts their bonds 50-60%, down the road they will still fall to zero. So if they default now, the healing can begin today.

Greece should be a warning signal to U.S.leaders that they must start telling people the truth: 'We cannot pay for all the promises made; painful cuts will be needed to balance the books'. One can defy gravity temporarily by getting into an airplane, but if the plane runs out of fuel, gravity wins and the plane crashes.

Gold provides citizens protection against politicians who are more interested in power than in doing the right thing. I agree with Jim Sinclair 100%, Gold protects us from the things which we cannot protect ourselves.

More: Swiss America Gold Market News

Gold prices headed back toward $1,700/oz. Wednesday on bargain hunting and a weaker dollar, stocks cheer upbeat jobs data. Gold last traded at $1,684 an ounce, silver last traded at $33.43 an ounce.

WHY BUFFETT AND GARTMAN ARE WRONG ABOUT GOLD - DailyReckoning
"Warren Buffett doesn’t like gold. Neither does Dennis Gartman. That settles it for us; gold must be a table-pounding buy. Despite gold’s “significant shortcomings,” it has delivered a much higher return during the last 14 years than the “useful” and “procreative” Berkshire Hathaway. As the chart below shows, the “rolling 10-year return” of gold has been higher than that of Berkshire Hathaway since January 2008.

FED TRUTH VS. FICTION - Jim Carrillo on CommonSenseCoalitionTalkRadio.com
Swiss America Sr. Broker Jim Carrillo was a guest on Common Sense Coalition today discussing the facts and fiction surrounding the Federal Reserve (like not Federal, nothing in reserve):

1. A Private Corporation with 7 Govs, 12 board members "serving" public and private sector.
2. Fed makes independent monetary decisions from government policy, immune from public vote.
3. The Fed is now desperate, relying only on their unique ability to print more money.
4. Are U.S. T-bills safe? "Yes, we can print money to cover all debt, public and private."
5. Currency devaluation history - Look at Russia, Argentina, Germany, Mexico.
6. Fed money supply exploding since 2010, $16 trillion debt. $2.8T in circulation vs. $600B in 2001.
7. The political outcome of 2012 election will only effect long-term economics of debt.

US SILVER COINS RETURN FOLLOWING SUSPENSIONS - SilverCoinsToday
"The United States Mint resumed sales of its suspended silver coins Tuesday, March 6, following a 12 day freeze. All of the products returned at their previous price points. The America the Beautiful Five Ounce Silver Uncirculated Coins are $204.95 each, and the 2011-W Uncirculated Silver Eagle is $45.95.

CHECK OUT THESE ADDITIONAL NEWS STORIES AT SWISS AMERICA.COM
* You Can't Eat Your Gold - Seeking Alpha
* Lutts bullish on gold during Business Expo
* Golden opportunity: World's most expensive coin goes on show
* Where's Gold Going? A Q&A With Marcus Grubb, World Gold Council

More: Swiss America Gold Market News

Gold prices fell near $1,675/oz. Tuesday on profit taking and a firmer dollar as Greek default fears rocked financial markets worldwide. Gold last traded at $1,674 an ounce, silver last traded at $32.90 an ounce.

DOW SUFFERS BIGGEST ONE-DAY DROP IN 2012 - USAToday
"U.S. stocks fell sharply Tuesday, following steep losses in European markets two days before a critical deadline in the Greek debt crisis. The DJIA suffered its biggest decline during a trading day this year. CNBC reports, "Many investors have stayed out of the market over the past three years — and some may never return, no matter how far stocks rally."

INVESTORS WILL NOT BE SAVED BY ZERO! - Special Offer
IMAGINE... you invested $10,000 in GOLD COINS five years ago, back in 2007, today your investment would have grown to $26,500 - a 165% increase. IF INSTEAD... you invested $10,000 in the S&P INDEX stocks, you would have gained ZERO in five years! Swiss America's new Special Report "GOLD: BOTH SIDES OF THE COINS" is an honest guide that arms you with both bull and bear arguments over whether right now is the time to buy, sell or hold gold. more...

$1 TRILLION MASSIVE GREEK DEFAULT FALLOUT - MarketWatch
"A disorderly default by Greece would likely force Italy and Spain to seek aid to prevent being engulfed by the debt crisis and would cause more than 1 trillion euros ($1.36 trillion) in damage to the euro zone, the Institute of International Finance warned in a recent document, Reuters reported Tuesday. Greek debt swap that aims to cut more than 100 billion euros from Greece's debt pile. Failure to complete the swap could endanger the country's second bailout, leaving the potential for a hard default. (Read Greek Crisis Illustrates Value of A Personal Gold Standard

More: Swiss America Gold Market News

Gold prices retreated near $1,700/oz. Monday on profit taking and a weaker dollar, stocks slip on oil, China worries. Gold last traded at $1,706 an ounce, silver last traded at $34.00 an ounce.

SWISSAMERICA.COM - A FRESH APPROACH TO TODAY'S HOTTEST ASSET - PressRelease
Swiss America's new website offers more multimedia, learn-at-your-own-pace tools, a daily podcast featuring breaking news, over-the-horizon analysis from a team of tangible asset specialists. "SwissAmerica.com simplifies the entire experience of investigating, buying, selling and tracking precious metals by providing brand new portfolio tools accessible online and from iPad and iPhone apps," says Swiss America CEO Dean Heskin.

GOLD FAR FROM BUBBLE PHASE: MARC FABER - TheGoldReport
"Should people who aren't yet in gold or want to add to their position wait for a correction? Marc Faber: "I have argued for the last 12 years that investors should buy a little bit of physical gold every month and put it aside without concerns about corrections. If you don't own any gold, I would start buying some right away, keeping in mind that it could go down.

DEMS BLAME GAS/OIL PAIN ON WALL STREET - TheHill
AP reports: "The price at the gas pump rose over the weekend and the nationwide average is nearing $3.80 a gallon. Oil is close to $107 per barrel because of Mid-East tensions." But The Hill.com reports, "Dozens of House and Senate Democrats are urging CFTC federal regulators to implement limits on speculative trading in energy futures markets that the lawmakers call a major factor behind the run-up in gasoline prices."

INVESTMENT EXPERTS PREACH COMMON SENSE, AVOID S.C.U.M. -Pressofatlanticcity.com
“As the old saying goes, investing without research is mere gambling.” said David White, director of the Investor Advocacy Project at Seton Hall University’s School of Law. In the securities industry, there’s a commonly recognized acronym — S.C.U.M., which represents the four most common causes of action in securities arbitration. These include:
S-uitability: Does a broker’s investment match your risk tolerance?
C-hurning: Does a broker make many trades on your account just to rack up fees?
U-nauthorized trading: Does a broker buy and sell securities without a customer’s consent?
M-isrepresentation: When facts are omitted or misstated.
“It’s common sense,” White said of the acronym.

More: Swiss America Gold Market News

Gold prices held above $1,700/oz. Friday on profit taking and a firmer dollar, stocks grope for direction amid oil worries. Gold last traded at $1,711 an ounce, silver last traded at $34.73 an ounce.

TOO LATE TO BITE THE GOLDEN APPLE? - By Craig R. Smith, Chairman, Swiss America

Some question how much higher the price of gold can go, given it's already risen 500% in the last decade. Let's compare owning physical gold with Apple stock for perspective.

I remember when Apple stock sold for $16 a share back in 2004, then it rose went to $100 a share in 2007. Then it flew past $200, $300 and today sits at $545 a share. Is Apple overpriced or is it still a good value?

Most analysts are still saying the best is yet to come for Apple. So should the $545 a share price stop someone from buying Apple stock today? Not if one believes in the fundamentals for higher growth in the future.

What is true of Apple is even more true for gold! Yes, gold prices have increased dramatically. But with money creation at the level it is today, we may have only scratched the surface for higher prices. This explains why some experts project $5,000 to $10,000 an ounce gold in the future.

But profit potential is NOT the primary reason I recommend every citizen should buy gold.

Instead, we should buy it as protection against a world awash in fiat currencies. There is no longer a single currency backed by anything other than government promises. And we now witness these promises being broken everyday by governments, corporations and individuals.

Gold is REAL. It is MONEY. It survives when all else fails. This explains why savvy analysts are still very bullish on gold and continue to buy it. Not based on price. Not based on growth potential. But rather as wealth insurance that has, for thousands of years, proven to protect against unstable currencies and political chaos.

That is why I am and still remain very, very bullish on gold: it is the safest asset in the world!

SOCIAL MEDIA OR FRAUD - YOU DECIDE - Reuters
Individuals who engage in investment fraud enjoy the use of social media because it gives them wide access at a very low cost and gives them the opportunity to appear like a legitimate business. Investors who use social media tools should do research on any company before choosing to invest with them.

More: Swiss America Gold Market News

Gold prices rebounded over 1% above $1,700/oz. Thursday on bargain hunting following Wednesday's Fed-inspired speculative 5% sell-off. Gold last traded at $1,718 an ounce, silver last traded at $35.50 an ounce.

BREAKOUT?! - Featured Commentary
By James M. Carrillo -- Yesterday's sharp sell-off in Precious Metals was month end profit taking and fueled by Bernanke's statements that more QE is on hold. His statement fueled the sell-off in paper markets, however demand for physical Precious Metals has remained strong.

INFLATION: NOT AS LOW AS YOU THINK - CBS News
"Forget the modest 3.1 percent rise in the Consumer Price Index, the government's widely used measure of inflation. Everyday prices are up some 8 percent over the past year, according to the American Institute for Economic Research.

OBAMA AND BEN COMMERCIAL: BACK FROM THE PAST - National TV Spot Debut
Swiss America released their third animated television commercial today, airing nationally on DirectTV satellite network and CBN "700 Club" starting Friday. The ghost of Ronald Reagan confronts current Federal Reserve Chairman Ben Bernanke and President Barack Obama about the disastrous fiscal and monetary policies which have led to a deepened economic crisis and eventually produce rampant inflation.

BERNANKE WARNS LAWMAKERS COUNTRY HEADED FOR 'MASSIVE FISCAL CLIFF' -TheHill
"Congress risks taking the economy over a 'massive fiscal cliff,' Fed Chairman Ben Bernanke warned lawmakers on Wednesday. The central bank boss suggested the economy could hit a serious roadblock if Congress allows the Bush tax rates and a payroll tax cut to expire and $1.2 trillion in spending cuts to be implemented simultaneously in January.

HOW TO FIGHT BACK AGAINST RISING FINANCIAL FRAUD - CBSNews
Financial fraud complaints coming in to the Federal Trade Commission have quadrupled over the past decade. The complaints are up 35% in the past three years alone with over one million financial fraud complaints. Individuals do not realize how common fraud is because the media only focuses on major scams.

More: Swiss America Gold Market News