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
1.30.12 -- True Wealth for Nations & Families -- Listen
Gold prices paused Monday on healthy profit talking and a firmer dollar, stocks flat on EU debt fears. Gold last traded at $1,732 an ounce, silver at $33.55 an ounce.
GOLD IS THE HOTTEST CURRENCY IN THE WORLD - Forbes
"The price of gold is roaring back from its latest temporary correction, sending the bears into full withdrawal. If you sold your gold in December as it fell to $1525 an ounce, you’re probably feeling foolish at the incredible $210 rise to $1735– a 15% move in no time at all.
"Gold, you see, is not a commodity like oil and copper and wheat. It is rather an alternative currency...As the supply of gold cannot keep up with paper money, and it can be bought without loss of any real interest income, it seems clear that the gold bull market is alive and well.
"Gold, apparently, is the Chinese priority for a “safe haven” when slow economic growth leads to widespread monetary easing and fears of ultimate inflation. Gold more than stocks or bonds or real estate, is obviously seen as the preferred way to store wealth. In that sense the Chinese are way ahead of the US and Europe. Gold is the hottest currency in the world. Just ask the Chinese.
CENTRAL-BANK GOLD HOLDINGS REACH 6 YEAR HIGH - Mineweb
"Central Banks are holding on to more gold in their reserves and it has now reached a six-year high. Some governments are preparing for a possible change in structure of a global reserve currency.
"Gold remains as an asset held by the world's central banks and you've seen a trend recently for gold to become more and more a part of the fabric of the financial system. To recover its share of central-bank holdings as recently as 1995 would now require a further doubling in value. To get back to the 1980s' average would require a 15-fold increase.
More: Swiss America Gold Market News
1.27.12 -- GOLD PRICE BREAKOUT! -- Listen
Gold prices ended the week with a 4% gain Friday as the U.S. dollar fell on disappointing economic data. Gold last traded at $1,739 an ounce, silver at $33.92 an ounce.
GOLD PRICE BREAKOUT! Next Stop: $2,200 - Special Offer
Gold prices overcame the last technical resistance at $1,680/oz. which confirms the bottom of the last major price dip as Dec. 29, 2011. We now have a major price breakout. Today there is nothing stopping gold prices from rushing to $2,000/oz.
"It's clear the Federal Reserve and Obama Administration want higher inflation, which will increase every American's cost of living. They have decided to sacrifice the middle class up on the altar of liberal politics and Keynesian economics," said Swiss America Chairman Craig R. Smith.
To help Americans get ready for the inflation that must surely follow, Swiss America wants to get a copy of Mr. Smith's latest book, "The Inflation Deception" into the hands of every American with assets to protect. Free Offer
HEY BROTHER, CAN YOU SPARE $52K? - Editor
Real GDP increased just 1.7% in 2011, compared with an increase of 3% in 2010.
Meanwhile, Congress approved another $1.2 Trillion increase to the U.S. debt ceiling, bringing the new total to $52k of debt for every man, woman and child in the U.S. Hey brother, can you spare $52k? If not, seek help from our "food stamp president".
CLASSICAL VS. MODERN ECONOMICS - Editor
Let's do a quick comparison of the two.
Classical Economics rests upon this basic assumption: The God of the Bible does exist and He has created no man to rule over another by force. There is order is society established by the unseen hand of God. The only money system ever authorized in the Bible is based on gold, silver, land, cattle and other tangible assets.
Modern Economics rests on an exact opposite basic assumption: The God of the Bible does NOT exist, or if He does He is not actively involved in the affairs of man. Therefore, He can be ignored. Since some men are smarter than others, therefore it is the duty of the smarter men to devise plans by which order will be established in society. Smarter men therefore must rule over other men by force and by the manipulation of credit, debt, money supply and interest rates.
So credit and debt make up the economic foundation of the faith-based system of humanism, while tangible assets like gold and silver are the economic foundation described in the Scriptural "perfect law of liberty" in James 1:25.
More: Swiss America Gold Market News
1.26.12 -- Gold: Foundation of "Classical" Economics -- Listen
Gold prices extended gains near $1,725/oz. Thursday as the dollar fell on news of the Fed's low interest rate pledge. Gold last traded at $1,720 an ounce, silver at $33.47 an ounce.
"Man's relationship with gold dates back 7,000 years to the ancient burial tombs of Varna. Always considered a valuable commodity, the most widely followed precious metal on earth has as much appeal today as ever thanks to increasingly affluent buyers from emerging markets that are stoking worldwide demand," reports Yahoo Finance.
2012: The Ideological Battle Ahead, Part I - Editor
The task of preserving economic freedom and liberty, when almost half of our nation is today more interested in government security and hand outs, will be the subject of our fierce national debate in the 2012 presidential election.
At the core of this fight is one question; shall pursue a bigger, more socialistic federal government, or shall we pursue a rebirth of self-government?
Politics alone can never achieve true freedom, liberty or security – whether economic, governmental or spiritual – if it begins with a false assumption, or worldview.
In the economic realm today's battle is not just between conservatives and liberals, it is also between classical (or free market) economics and modern (humanistic) economics. Stay tuned as we compare both.
More: Swiss America Gold Market News
1.25.12 -- Gold's Future "Built to Last" -- Listen
Gold prices shot up 3% Wednesday after the Fed's new low rate pledge despite a firmer dollar. Gold last traded at $1,710 an ounce, silver at $33.29 an ounce.
GOLD PROVING SAFEST COMMODITY AS GOLDMAN FORECASTS RECORD: RISKLESS RETURN - Bloomberg
"Gold provided the best returns of all commodities in the past five years when adjusted for volatility, and Goldman Sachs Group Inc. says the rally will continue as options traders signal no change in the metal’s relatively low risk. Bullion, which has seen 11 years of gains.... also posted the safest return in the past 12 months
FED DECLARES WAR ON U.S. DOLLAR HOLDERS - Craig R. Smith, SATC
"The Federal Reserve decision today is to hold interest rates at 0-.25% until
late 2014. This in essence is another form of quantitative easing. Call it Q.E. 2.5. The Fed's decision is nothing short of a declaration of war against American savers. Savings accounts will yield a guaranteed negative return as well as the loss of future buying power.
OBAMA ECHOES REPUBLICANS IN STATE OF THE UNION ADDRESS - Lowell Ponte/NewsMax
"Those listening carefully Tuesday could hear the radical, real President Obama despite his new campaign camouflage. He was blaming the mortgage meltdown on banks, not the government officials who strong-armed them into making high-risk loans. President Obama vowed even higher taxes to bleed more capital out of capitalism.
More: Swiss America Gold Market News
1.24.12 -- Obamanomics Unfair to Middle Class -- Listen
Gold prices eased back from six-week highs Tuesday on profit taking and a firmer dollar, stocks slip on EU debt fears. Gold last traded at $1,665 an ounce, silver at $32.05 an ounce.
GOVERNMENT-INDUCED "FAIRNESS" FOR THE MASSES - Editor
Millions of Americans will witness President Obama's State of the Union Address tonight. What will 'We the People' get? Humble repentance for over-promising positive "Change"? "The buck stops here" responsibility taking? OR ... Futuristic promises teleprompted to cheer up the U.S. middle class with more government-induced "fairness" and wealth redistribution?
The truth is the current administration's economic policy is punishing and crushing the middle class between stagnant income and the rising cost of living. Will Americans cheer for more of the same? Stay tuned.
THE TRULY DISMAL STATE OF THE UNION - WashTimes
"There is one person — one American among the 300 million of us — who is not to blame for the state of the union. Everyone else, each of you, in some small or large way, bears some share of the blame, but not this guy. Not one little bit.
"This guy is Barack Obama. He is not the least bit to blame for the dismal state of the U.S. economy. George W. Bush is, for sure. With the president delivering his State of the Union speech to Congress Tuesday night, let’s pause here to take as hard look at the real state of America, by the numbers, using only cold, hard facts.
-The unemployment rate when Mr. Obama was elected was 6.8 percent; today it is 8.5 percent
-Regular gasoline per gallon cost $1.68 in January 2009. Today, it’s $3.39 — that’s a 102 percent increase in just three years.
-Electricity bills have also skyrocketed to a record $1,420 annually on average, up some $300.
-Some 48 percent of all Americans — 146.4 million — are considered as “low-income” or living in poverty, up 4 million from when Mr. Obama took office.
-Over 46 million people — about one in seven Americans — got food stamps. That’s 14 million more than when Mr. Obama took office.
-Mr. Obama is on pace to borrow $6.2 trillion in just one term — more debt than was amassed by all presidents from Washington through Bill Clinton combined. The debt is rising by $4.2 billion every day — $175 million per hour, nearly $3 million per minute.
More: Swiss America Gold Market News
1.23.12 -- Elite meet, metals march, China Fu -- Listen
Gold prices marched to a six-week high Monday on a weaker dollar and safe haven buying amid new Iran threats. Gold last traded at $1,677 an ounce, silver at $32.33 an ounce.
"Nomura Securities concludes that the gold price should stay elevated with significant upside risks all the way to 2015," reports London Telegraph. Long-term bull markets in commodities last 15-23 years on average.
DAVOS ELITES TO SEEK REFORMS OF 'OUTDATED' CAPITALISM - AFP
"Economic and political elites meeting this week at the Swiss resort of Davos are urgently seeking to reform capitalism, described as outdated and crumbling."
"We have a general morality gap, we are over-leveraged, we have neglected to invest in the future, we have undermined social coherence, and we are in danger of completely losing the confidence of future generations," said Klaus Schwab, host and founder of the annual World Economic Forum.
Swiss America Chairman Craig R. Smith said, "The Gold Standard is the only solution to fill the world's economic 'morality gap'. Gold is a cohesive monetary confidence-builder on which citizens, and nations, can rebuild a sound money system. This is so clear that even Davos elites may find agreement."
CHINESE NEW YEAR: GOOD OR BAD LUCK? - PR
"In Chinese culture the dragon means good luck, wealth, volatility, energetic
change and power. That could mean bad luck for us," writes Lowell Ponte.
("Fu" is the Chinese word for 'luck'.)
"We need to appreciate China's understandable upset that we might repay our $1.35T debts to them with inflation-devalued dollars worth much less than the money they lent to us.
THE GINGRICH CHALLENGE - WSJ
"Since Reagan, Republicans have had a President or nominee who was typically
either tongue-tied or timid in defending their policies and principles. With
Mr. Obama preparing a re-election assault on those principles, GOP voters
understandably want a tenacious advocate. Voters sense that, whatever his
other failings, Mr. Gingrich can match Mr. Obama on the issues and won't
go down without a fight."
More: Swiss America Gold Market News
1.20.12 -- What's ten times better than Google? -- Listen
Gold prices ended the week up 1%, despite profit taking and a firmer dollar, closing at $1,666 an ounce. Silver prices rushed up 8% this week, closing at $32.18 an ounce.
THE LATE GREAT GOOGLE VS. GOLD DEBATE - Editor
Google shares fell almost 9% to $585 a share today in wake of a missed earning estimate. Remember the raging debate back December 2005 on CNBC over which would first cross the magic $500 level: Google or Gold? Gold won that year and every year since!
Six years later, Google stock has grown in value by 20% while gold has grown 200% - a tenfold difference for savvy readers who took our advice.
FED'S LATEST EASING COULD COST $1 TRILLION: Economists - CNBC "It is likely that the Federal Reserve will step in with $1 trillion worth of easing according to experts. With the housing market not getting any better and the verge of a European recession, QE3 is becoming a likely outcome.
CHINA’S GOOD-LUCK NEW YEAR OF THE DRAGON - PR
Monday (Jan. 23) is Chinese New Year, celebrated with feasting and firecrackers by more than 1.5 billion people.
"I predict that the Year of the Dragon will bring dangerous Chinese confrontations with America and the West,” warns former think tank futurist and author Lowell Ponte.
More: Swiss America Gold Market News
1.19.12 -- Creating Your Own Gold Standard -- Listen
Gold prices steadied above $1,650/oz. despite profit taking and a weaker dollar, stocks cheer jobs data. Gold last traded at $1,657 an ounce, silver at $30.62 an ounce.
'GOLD IS STILL IN A SUPER BULL MARKET' - CNBC
"After bottoming on the final day of 2011, gold is back at it again, up five percent in the new year, compared to a 3.9 percent return for the S&P 500 index.
"The balance sheets of the Federal Reserve and ECB have never been greater and both will continue to increase in size," said Peter Boockvar of Miller Tabak. "The Bank of Japan, the Bank of England and the Swiss National Bank continue to print large amounts of money. As long as ‘print and inflate’ is policy this bull market in gold will continue."
CREATING YOUR OWN GOLD STANDARD - Re-Making Money
"If everyone decided to convert his and her paper money bank deposits into metal with intrinsic value and stopped accepting government paper money, wrote Alan Greenspan, then 'government-created bank credit would be worthless as a claim on goods.' Government fiat money, in other words, could no longer buy anything.
"The highway to the socialist welfare state, and to serfdom, is a carpet of government paper fiat money.
"The path back to the practical and moral values of America's Founders requires us to restore the precious metal they constitutionally specified as real money.
"This is the philosophical difference between a society built on paper promises and a society built on a solid foundation of integrity and gold.
24k QUOTE OF THE DAY
"This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the 'hidden confiscation' of wealth.
Gold stands in the way of this insidious process."
– ALAN GREENSPAN
"Gold and Economic Freedom", 1966
More: Swiss America Gold Market News
1.18.12 -- THE GOLD STANDARD: Relic or Renaissance? -- Listen
Gold prices rose above $1,650/oz. on bargain hunting and a weaker dollar, Financials lift Wall Street. Gold last traded at $1,660 an ounce, silver at $30.55 an ounce.
NEW LIFE TO AN OLD ISSUE: GOLD STANDARD - AP
"Ron Paul's surprisingly strong race for the Republican presidential nomination is drawing new attention to a a cherished cause for conservatives, but is considered a relic of history by mainstream economists and politicians," reports AP.
"The gold coin standard, although imperfectly adhered to, permitted startling economic growth combined with falling prices in the 19th century," Paul wrote in his 1981 book "Gold, Peace and Prosperity: The Birth of a New Currency."
"In the 67 years since the abolition of the gold standard, the Consumer Price Index has gone up 625 percent. In the previous 67 years, under an imperfect gold coin standard, the CPI increased 10 percent."
"GOP candidates Newt Gingrich and Rick Perry both have called for firing Fed Chairman Ben Bernanke and reining in monetary policy, but neither has endorsed a new gold standard. They and other Republicans have avoided ridiculing the idea, however, and alienating its ardent believers.
RE-MAKING MONEY [excerpt] - Special Report
"Under a metal-backed currency, the dollar on average actually gained value from 1823 until 1913. What cost $100 in 1823 would have cost only $63.02 in 1913. [17]
"A gold standard is therefore the biggest nightmare of those who want a welfare state whose cost is concealed and funded by inflation.
"Gold makes a welfare state's spending harder, yet it also makes a warfare state less likely. The gold standard is a powerful restraint on extreme government spending, whether for welfare or war.
"It tells politicians that they can only do what they have enough gold already saved to pay for.
"This is why governments usually abandon or put in abeyance their gold standards at the start of major wars – as both sides did at the start of WWI. Read: RE-MAKING MONEY
24k QUOTE OF THE DAY
"The return to sound money policies is of utmost importance. Without sound money there can be no economic recovery, no prosperity...Sound money is the cornerstone of individual liberty. Sound money is metallic money. It is the gold standard." – Hans Sennholz, Economist (from RE-MAKING MONEY
More: Swiss America Gold Market News
1.17.12 -- Is the economic sun setting in the West? -- Listen
Gold prices rose above $1,650/oz. on bargain hunting and a weaker dollar, China news lifts Wall St. Gold last traded at $1,652 an ounce, silver at $30.10 an ounce.
RECOVERY AT RISK AS AMERICANS RAID SAVINGS -Reuters
"In an ominous sign for America's economic growth prospects, workers are paring back contributions to college funds and borrowing from retirement accounts jumped 20% last year. A recent spike in credit card usage could mean that people, struggling on incomes that have lagged inflation, are taking out new debt just to meet the costs of day-to-day living.
AS WEST SINKS, EASTERN ECONOMIES SOAR -FT.com
"In 2012, the US and Europe are likely to be flirting with recession.
Barring a hard landing in China, Asia-ex Japan should continue to clip along
nicely at around 7 per cent, according to most economists," reports FT.com.
"This is not a crisis of capitalism - capitalism works wherever people believe in it, and actually use it. This is a crisis of government. What we're seeing is the result of western governments forsaking their capitalist roots in favor of "social democracy". Capitalism will survive long after all of the "social democracies" have failed and gone bankrupt. It is the era of big government that is failing, not capitalism.
More: Swiss America Gold Market News
1.16.12 -- Swiss America Celebrates "Boomsday" in 2012 -- Listen
Swiss America is closed on Monday, Jan. 16, 2012 in observance of MLK Day.
SWISS AMERICA CELEBRATES 30TH ANNIVERSARY IN 2012 - Editor
If "time is money", then it follows that your money represents your time, your life. Dr. Edwin Cole once told me that,"Your money is sacred to God, because it represents your life." And "What you do with your money shows what you do with your life." Very wise words indeed.
2012 is the perfect time to move your money onto a gold standard to
protect your future from a world of declining paper currencies. 2012
is the year to own 'store-of-value' money, adding to your time and life.
"In serving, we lead" has been Swiss America's heartfelt motto since day one, with a stated mission of inspiring America to rediscover gold for safety and growth. They've earned America's trust by introducing "gold standard" service to our clients.
Thirty years ago, in 1982, Swiss America first began announcing that Gold and Silver are "the only forms of real money in the the world, the only standards and stores of value." Gold prices averaged $376/oz.
Today, thirty years later, Gold is still a great value near $1,600/oz. Did gold prices rise over fourfold or did the dollar fall by 75%? It depends upon your perspective. Either way Gold remains the best store of value on earth at any price!
More: Swiss America Gold Market News
1.13.12 -- Metals Dip, China Buys, U.S. Prints -- Listen
Gold prices steadied below $1,650/oz. on profit taking and a firmer dollar, Wall St. fears euro zone downgrades. Gold last traded at $1,639 an ounce, up 1% for the week, while silver closed at $29.75 an ounce, up over 3% for the week.
CHINA GOLD HOARDING TURNS MORE TRADERS BULLISH - Bloomberg
"China imported the most metal ever from Hong Kong and investors bought U.S. bullion coins at the fastest pace in more than two years."
"Gold has demonstrated time and time again its ability to hold purchasing power. It looks expensive and people talk about bubbles, but it’s not," said Ross Norman, CEO of Sharps Pixley Ltd.
"China is not losing it's insatiable appetite for gold. That is VERY bullish for higher prices. They are sitting on trillions of foreign reserves, in dollars and other currencies to buy gold with," commented Swiss America Chairman Craig R. Smith.
NEW AD PORTRAYS OBAMA PRINTING FIAT CURRENCY - WND.com
The Fox Business Network has reversed a decision not to air a television ad by Swiss America that features animations of President Obama and Federal Reserve Chairman Ben Bernanke.
The network will air an ad titled “The Wizards of Oz” – one of two previously rejected by the network – in which the Obama and Bernanke characters engage in a potentially inflationary policy of printing paper money with abandon to stimulate the struggling economy.
An animation of singer Pat Boone, who has been a Swiss America spokesman for 15 years, also appears in the two commercials. Boone concludes the ads with the suggestion that investing in gold is a prudent strategy to diversify an investment portfolio in inflationary times.
More: Swiss America Gold Market News
1.12.12 -- U.S. Proof Gold Shines Brightest -- Listen
Gold prices rushed above $1,650/oz. on bargain hunting and a weaker dollar as stocks eked out small gains. Gold last traded at $1,650 an ounce, silver at $30.27 an ounce.
While most investors watched their investments and retirement funds gyrate in recent years, Proof American Eagle Gold coins prices are up 240% just in the past five years!
Everyday more and more Americans are seeking both the growth of gold and the privacy offered by American Eagle Proof Gold coins.
This privacy offers peace of mind for savvy investors in today's era of BIG government, reminiscent of the 1930s when FDR confiscated American's gold coins during the last great financial "emergency".
Best of all, American Eagle Proof Gold is ON SALE NOW! Prices are currently down 20% from recent highs, which presents an excellent buying opportunity right now.
Call Swiss America today at 800-289-2646 to discuss making Proof Gold part of your nest egg. They'll rush out an IRA Investment Guide and 2012 Rare Opportunity DVD free of charge.
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1.11.12 -- FOX peeks inside Fort Knox at 8pm ET -- Listen
Gold prices rushed toward $1,650/oz. on bargain hunting, despite a stronger dollar, as stocks dipped on EU debt concerns. Gold last traded at $1,642 an ounce, silver at $30.03 an ounce
WATCH FOX BUSINESS "FREEDOM WATCH" TONIGHT AT 8PM ET- Editor
Starting tonight Swiss America's new "Wizards of Oz" :60 animated TV commercial will begin airing nationally on broadcast and cable TV networks during "Freedom Watch w/Judge Napolitano" show airing at 8pm-9pm ET on the Fox Business Network.
The new television commercials, already viewed by over 100,000 people at Youtube over the past month, have received an amazing 40-to-1 approval rating by the public, which may have helped in gaining approval to air the "Wizards of Oz" commercial nationally on Fox News. Send us your feedback about our new TV spot(s) and we will post it here.
FED SECRETS IN THE AGE OF TRANSPARENCY - Editor
Marketwatch reports, "Fed upbeat about economy" in the Fed's latest public release, moving their outlook from "slow" in November to "modest" or "moderate" in December. They see no inflation threat, and some Fed Governors believe that recent stimulus efforts to have worked.
Only time will tell - because the Fed sure won't. Why? "Fed officials will receive much more detailed reports before their policy meeting. But these reports are kept secret for years after the meeting," Marketwatch continues. The lack of Fed transparency is telling.
For how much longer will Fed secrets be kept? It occurs to millions of Americans that nearly a century of central bank monetary manipulation has failed and steps now must be taken to abolish the Fed by 2013 - its 100-year anniversary.
More: Swiss America Gold Market News
1.10.12 -- Slap 'Golden Handcuffs' on Politicians -- Listen
Gold prices rushed above $1,625/oz. on bargain hunting and a weaker dollar as Wall Street embraces upbeat earnings. Gold last traded at $1,632 an ounce, silver at $29.94 an ounce.
NEW KANSAS CITY FED PRES. WORRIES ABOUT INSTABILITY - Marketwatch
"Esther George, the new president of the Kansas City Fed, said the Fed’s current easy policy stance may be fostering financial instability. In her first speech as a Fed president, George said the Fed may have pushed investors too far in search of returns, leading to a “mispricing of risk.”
"While the Fed’s current policy settings are designed to encourage risk-taking and stimulate much-needed demand, the mispricing of risk can lead to misallocation of capital and weaker bank balance sheets, George noted, making for a “very delicate balance” for the Fed.
"WE MUST PUT 'GOLDEN HANDCUFFS' BACK ON POLITICIANS!" - Lowell Ponte, WAFS
Author, futurist and commentator Lowell Ponte was a guest on "Butler on Business" radio show this morning discussing "The Inflation Deception", his latest book written with Craig R. Smith.
Lowell reminded Atlanta listeners that since Richard Nixon took the U.S. dollar off the gold standard, the value of the dollar has fallen dramatically. The cost of living is now forty times higher than in 1971, as measured in relation to the price of gold. (1971: $40 gold, 2011: $1,600 gold).
This inflation deception is clearly seen in higher prices, though masked by higher incomes. It is now critical that we each do our part to put these "golden handcuffs" back on our politicians before our nation is declared officially bankrupt.
"We have added $7.7 trillion in new debt under Obama. We are being set up to be punished. If Mr. Obama is re-elected, we should expect the new alternative minimum tax to impact 74 million Americans. Inflation will drive everyone toward millionaires tax rates," says Ponte.
"Face it," warns Lowell, "politicians will never stop going in debt, so perhaps the best we can hope is to slow down spending and debt dramatically. For example, if liberals maintain control of our government ten years from now we will add $29 trillion in new debt. If conservatives gain government control we will still add $24-25 trillion in new debt.
Either way we can expect massive taxation, which will drive capital out of the U.S. and massive inflation, as the penalty for recent snowballing debt, bailouts, stimulus, etc.
USAToday reported our U.S. debt has now exceeded our national income, which means technically we are already bankrupt. "Think of holding U.S. dollars like you would holding a stock certificate in a bankrupt company. I recommend converting U.S. dollars into anything that can't be printed. Gold and silver fill today's void perfectly, as universal, inflation-proof, store of value money."
More: Swiss America Gold Market News
1.9.12 -- The Fate of Gutenberg Money -- Listen
Gold prices steadied above $1,600/oz. on a weaker dollar as investors ponder economic data, Wall St. inches up on earnings hopes. Gold last traded at $1,609 an ounce, silver at $29.01 an ounce.
AHEAD: INFLATION AND A GOLD RALLY - Bill Fleckenstein, MSN Money
"James Bullard, the president of the St. Louis Fed, told Bloomberg last week the Fed was 'very close' to its inflation target," reports Bill Fleckenstein at MSN Money.
"Now I ask you, if the Fed picks an inflation rate to target, knowing the government is doing the calculating and what a complete joke the Consumer Price Index is at capturing the true cost of living, is there any doubt how this experiment is going to end? Do people really think that while the Fed has a printing press, the inflation rate has any chance of having a minus sign in front of it (i.e., we would see deflation)?
"Will the eurozone crack up before the European Central Bank panics, or will the ECB panic first? We will just have to see, but in the end, all roads lead to money printing, debased currencies and inflation until the printing press is taken away.
Learn more about "Re-Making Money: Ways to Restore America's Optimistic Golden Age" our newest White Paper.
More: Swiss America Gold Market News
1.6.12 -- Gold: Best Store of Value on Earth! -- Listen
Gold prices steadied above $1,600/oz. despite dollar strength as investors discounted upbeat jobs data. Gold last traded at $1,616 an ounce, silver at $28.75 an ounce.
Three Decades of Telling the Truth About Gold - Editor
Thirty years ago, in 1982, Swiss America first began announcing that Gold and Silver are "the only
forms of real money in the the world, the only standards and stores of value." Gold prices averaged $376/oz.
Twenty years ago, in 1992, Swiss America reminded Americans that "Gold is one of the only liquid assets that is not someone else's liability", yet gold prices still traded lower, averaging $343/oz.
Ten years ago, in 2002, Swiss America announced the end of the bear market in gold and the beginning of a new economic era, "The New Gold Rush!". Amazingly Gold prices averaged just $309/oz.
A decade later in 2011, Gold prices averaged $1,575/oz. -- about where prices ended the year.
Today Gold is still a great value near $1,600/oz., regardless of whether prices run to $2,000 in 2012 or hover closer to $1,500. Either way Gold remains the best store of value on earth -- at any price!
More: Swiss America Gold Market News
1.5.12 -- Prepare now for global currency makeover - Listen
Gold prices dipped to $1,600/oz. then rebounded on bargain hunting despite dollar strength. Gold last traded at $1,622 an ounce, silver at $29.06 an ounce.
"Gold & Silver: 'False Breakdowns' Create Good Buying Opportunities," reports YahooFinance.com.
"Gold should soar as Obama administration plans to ‘kill the dollar': says Mineweb.com.
In just ten short years confidence has been shaken in stocks, real estate, currencies... even nations! Gold has jumped from a fringe investment to a universally respected asset class, that preserves and grows wealth in today's debt-addicted world.
The key to keeping up with economic change is maintaining your standard of living. Rising government taxes and spending almost insures higher Gold prices for years to come.
Prepare now for a global currency makeover. Read Swiss America's latest white paper, Re-Making Money. It explains why Gold will soon be crowned as the 2012 'Coin of the Realm'!
Call 800-289-2646 or visit Swissamerica.com. And download the new Swiss America app on iTunes today.
More: Swiss America Gold Market News
1.4.12 -- Restoring U.S. Gold-Backed Dollar -- Listen
Gold prices extended gains above $1,600/oz. on bargain hunting and safe haven buying despite a firmer dollar. Gold last traded at $1,612 an ounce, silver at $29.30 an ounce.
TWO OF TOP THREE GOP CANDIDATES FAVOR RETURN TO GOLD STANDARD- PR
Two of the top three winners in Iowa's Republican caucuses Tuesday night, Rick Santorum and Ron Paul, have supported a return to a Gold Standard that would back U.S. Dollars with gold.
"If one of them becomes President, we might soon see a new Gold Standard causing huge changes in America's economy, and the price of gold skyrocketing to $10,000 per ounce or more," according to Lowell Ponte. more...
BUDGET COLLAPSE: TOO MUCH FREE MONEY - Goldstandardnow.org
"The simplest solution to the government spending problem in Congress is "to tear up" its credit cards," writes Lewis Lehrman at American Spectator.
"The way to do this is not with ad hoc and unavailing administrative patchworks, all of which are nullified by world banking system credit made available to the U.S. Treasury. Instead, the effective democratic solution is authorized by the U.S. Constitution -- in Article I, Sections 8 and 10: -- whereby the control of the supply of dollars is entrusted to the hands of the people -- where it stayed for most of American history, especially from 1792 to 1914. This was America's longest period of rapid, non-inflationary, economic growth -- almost 4% annually, with the budget under control except wartime.
MUST WATCH: "Freedom Watch with Judge Napolitano" Fox Business interviews Lewis Lehrman, 12.30.11
More: Swiss America Gold Market News
1.3.12 -- 2012 Certainties and Uncertainties -- Listen
Gold prices leaped into 2012, rushing above $1,600/oz. as savvy investors seized the best buying opp in five months. Gold last traded at $1,603 an ounce, silver at $29.72 an ounce. Gold prices rose over 10% in 2011 while silver slipped almost 6%.
We're told things are uncertain in 2012, yet some things are very certain. The deeper the government goes into debt, for example, the more certain we are that this will soon beget terrible inflation. The most trustworthy asset to protect you and your family from such inflation is gold.
IS 2012 DOOMSDAY FOR THE U.S. DOLLAR? - PR
"A financial Doomsday is approaching and the signs are far more tangible than any ancient Mayan calendar’s predictions," writes Lowell Ponte.
* Millions of homes are underwater or foreclosed upon, and home prices continue to fall.
* Students’ college loans now total more than $1 trillion, the “lifetime mortgage” of student loan debt is larger than credit card debt.
* Life’s savings reduced to so little by retirement age; 80 is really the new 65.
* The collapsing Eurozone, bankrolled behind the scenes by American taxpayers.
* Our government is borrowing $58,000 every second, devouring America’s future.
The common threads here and abroad? Debt and inflation. more...
WORLD'S BIGGEST ECONOMIES FACE $7.6T DEBT - Bloomberg
"Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.
"Investors should be most worried about the period after the ECB’s second three-year longer-term refinancing operation scheduled in February.
More: Swiss America Gold Market News
1.2.12 -- MY 2012 FINANCIAL RESOLUTIONS -- Listen
MY 2012 FINANCIAL RESOLUTIONS By Pat Boone
"Our great nation's fate hangs in the balance in 2012. Now is the time for all Americans to get their financial house in order so we are able to help family, friends and neighbors. I encourage you to join me in writing down your 2012 plans and goals. Here's my top ten list for 2012 ...
1) REDUCE DEBT - Start with high-interest credit cards
2) SAVE MONEY - Financial emergency preparedness
3) REDUCE MARKET EXPOSURE - Diversify your assets
4) INCREASE TANGIBLE ASSETS - 10-25% in gold coins
5) FIND A BROKER YOU TRUST - Then tell them the truth
6) INCREASE RESEARCH TIME - Read all of the fine print
7) REDUCE MEDIA NOISE - Ignore political/economic spin
8) INCREASE INVESTOR IQ - Bookmark swissamerica.com
9) WRITE DOWN YOUR VISION - Personal & financial goals
10) PRIORITIZE LIFE - God, family, church, work, neighbors, community
I also encourage you to call my trusted friends at Swiss America The Gold Standard at 800-289-2646. 2012 offers a 'A Rare Opportunity' With a grateful heart! -PAT
