Swiss America's
Gold Standard News Daily
Posted M-F 6pm ET
By DAVID BRADSHAW ~ links ~ offers ~ wisdom
Editor, Real Money Perspectives ~ weekly email

2.3.12 -- Markets jump on jobs disinformation -- Listen

Gold prices slipped to $1,725/oz. Friday on a firmer dollar following January jobs and unemployment data. Gold last traded at $1,725 an ounce. Silver at $33.67 an ounce.

HEADLINE VS. REAL UNEMPLOYMENT - CNBC
"The US economy generating 243,000 new jobs while the unemployment rate dropped to 8.3 percent, according to government data released Friday. The real unemployment rate, which measures discouraged workers as well nudged lower to 15.1 percent.

LABOR FORCE TUMBLES TO FRESH 30-YEAR LOW - ZeroHedge
"1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, meaning, those not in the labor force surged from 86.7 million to 87.9 million. Which means that the civilian labor force tumbled to a fresh 30-year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation.

IN A FOCUS ON GOLD, HISTORY REPEATS ITSELF - NYTimes
The author of this article compares 1980 to present day comparing both the political situations and gold's behavior. In 1980 gold had risen to new highs as the election approached as a nominee hinted at returning to a gold standard. Will history repeat itself and will we see gold reach new highs once again?

BERNANKE LIGHTS THE FUSE ON GOLD AND SILVER - CommOnline
"The reaction of Gold and silver to Bernanke's statement was electric: he'd barely had time to finish speaking before gold was up 3.85% and silver by 4.3%. Both metals have now clearly broken out of their recent downtrends and look ready for a significant run-up in price over the next few months.

OBAMA'S CALCULATED DECEPTION - AmSpectator
"Calculated deception as a central public manipulation strategy practiced by President Obama involves the President taking advantage of what he thinks the average person doesn't know and won't be told by a compliant media. Such calculated deception was central to last week's State of the Union Address.

More: Swiss America Gold Market News

2.2.12 -- Bernanke sees no inflation shadow...yet! -- Listen

Gold prices rose above $1,750/oz. Thursday reaching fresh 8-week highs after rising 11% in January. Gold last traded at $1,759 an ounce. Silver prices traded at $34.33 an ounce, gaining over 20% ytd.

THE FED'S FOOLISH FANTASY OF 2% INFLATION -Craig R. Smith
"The message from Fed Chairman Ben Bernanke's congressional testimony today is clear: The Fed is preparing to push their foot down on the throttle full bore to inflate this economy back to health and save the world, the dollar be damned."

"Congressman Paul Ryan's questions and comments were brilliant. He pointed out the massive expansion of the monetary base (coupled with velocity) will be devastating to the economy. The cost of living will explode and the Fed's 2% inflation target will be exposed as foolish fantasy. Gold is the only protection against the largest asset theft in world history. Ben Bernanke will make Bernie Maddoff look like a saint. And he is doing it all legally. Disgusting!

THE BERNANKE EFFECT - Bullionbullscanada.com
"The U.S.'s 0% interest rates are the economic equivalent of hooking someone up to a defibrillator. Shock someone continuously with a defibrillator for 3+ years, and it is safe to say that we will not end up with a 'patient in recovery' - but merely with a badly-charred corpse.

"Thus it is with the U.S. economy. Three-plus years of continuous, maximum stimulus has produced nothing except a steady stream of ever more absurd statistical lies, attempting to delude the sheep into believing this badly-charred corpse is 'recovering'.

OBAMA'S ECONOMIC APPROVAL JUST 36 PERCENT - WashExaminer
"In a national survey of 1,000 likely voters January 31-February 1 a whopping 62 percent of likely voters grade President Obama's handling of the economy at fair to poor. Still, Democratic officials say that they see a positive trend..."We just need six more months," said a top Democratic official.

PRESIDENT IMPLIES GOD IS PRO HIGHER TAXES, BIGGER GOV - Editor
"President Barack Obama has been taking lumps from Republicans for years over his support for Wall Street and health care reform, but today at the National Prayer Breakfast he claimed support from on high... Obama maintained that his call for the wealthiest to give up their tax breaks is in line with biblical teachings," reports Buzzfeed.com.

More: Swiss America Gold Market News

2.1.12 -- Stop walking up the Down escalator! -- Listen

Gold prices rose near $1,750/oz. Wednesday reaching fresh 8-week highs after rising 11% in January. Gold last traded at $1,743 an ounce. Silver prices traded at $33.67 an ounce, gaining 20% ytd.

PAYCHECKS, PERCEPTION, PROPAGANDA & POWER - Theburningplatform.com
"The average American worker has not had any real income gains in at least four decades. The insidious nature of Federal Reserve created inflation (up 600% since 1970) is incomprehensible to a public that finds math boring and not essential in their lives," writes Jim Quinn of theburningplatform.com.

2012 IS THE YEAR FOR A GOLD PLANK IN GOP PLATFORM - NYSun.com
"Recent polling suggests that the American people sense the need for a dollar as good as gold. Now the Republican candidates have the opportunity to fulfill that need, win the presidential election, and restore sound money and economic growth, writes Lewis E. Lehrman of thegoldstandardnow.com.

"Over the long run, all working people want the purchasing power of their savings to remain stable in order to educate their children, to retire in modest comfort, to pass on a modest legacy of stable value. But during the past 40 years of the Fed-managed paper dollar standard, the purchasing power of the dollar adjusted by the CPI has declined a shocking 85%.

More: Swiss America Gold Market News

1.31.12 -- 2012: Hard Money 'Trend is Your Friend' -- Listen

Gold prices rose 11% in January, ending the month at 8-week highs near $1,740/oz. despite a firmer dollar. Gold last traded at $1,738 an ounce. Silver prices climbed 20% in January, ending at $33.17 an ounce. 2012: GOLD BREAK OUT!

HARD MONEY TRENDS IN 2012 - Editor
Yes for the 12th consecutive year, the flight to the safety of gold and silver is back on in 2012 for all the right reasons such as; Central Bank buying, Chinese demand rising, Alternative currency demand, Fed Loose Money policies, Inflationary fears rising, "Riskless Return" ranking, Political uncertainty ... and the list seems to grow everyday.

Silver should not be overlooked as the common man's "golden parachute" either. Although much more volatile than gold, silver prices have rebounded nearly twice as fast as gold prices so far in 2012. Historically, both metals are recognized as monetary stores of value, inflation hedges and safe havens during uncertain economic times. (more...).

WHY ARE THE CHINESE BUYING RECORD QUANTITIES OF GOLD? - Forbes
"Analysts believe China bought as much as 490 tons of gold in 2011, double the estimated 245 tons in 2010. "No asset is safe now," said the PBOC's Zhang Jianhua at the end of last month. "The only choice to hedge risks is to hold hard currency — gold." The best explanation is that individuals in China are using gold as a substitute for capital flight.

"Chinese asset values have not yet crashed across the board, but the buying of gold — a leading indicator of panic — is an especially troubling sign that they will. Therefore, it is not surprising that gold purchases by Chinese citizens and investors are frightening Beijing’s technocrats. At the end of last month, they shut all of the countries gold exchanges other than two of them in Shanghai.

More: Swiss America Gold Market News

MORE PREVIOUS PODCASTS