25% growth since gov't change, more ahead
On November 11, 2008, one week after Barack Obama was elected our 44th president, gold hit a 1-year low of $709/oz. and prices have not looked back ever since.
Gold has quietly become We the People's personal financial bailout, with prices today trading near $900/oz. Americans who understand the economic truth that gold is ultimate money have already experienced 25% growth over the last six months. But that's just the start.
Americans were first warned by Bush, Bernanke and Paulson that the entire U.S. financial system would sink into Great Depression-style chaos unless a trillion dollar bailout bill was passed. Most Americans did not support the bailout, but were powerless to stop such a bipartisan panic. Since then Obama and Geithner have announced many new "emergency" government spending programs, pushing Washington's potential bailout tab over $10 Trillion!
Hey, Where's My Bailout?
With all these TRILLIONS being thrown at the problems by government, many Americans want to know how to claim their share of the bailout money? Simple, buy gold! The more the government borrows and prints money, the higher gold prices will soar. Why? Because gold prices reflect the long-term realities of a weaker dollar and rising inflation, a fact which economists agree on.
"Inflation will get higher than it was in the 1970s. Fed Chairman Ben Bernanke is siding with John Maynard Keynes against Milton Friedman by flooding the financial system with money. If history is any guide, the effort will end in tears," says Fed historian and professor of political economy at Carnegie Mellon University Allan Meltzer, reports Bloomberg.
"The aggressive monetary policy of central banks around the world is playing havoc with the structure of the bullion market, creating a chronic shortage of gold that may soon push the metal to fresh records above $1,500 an ounce," reports London Telegraph.
"Gold remains the safest way to secure savings. Even amid the equity market crash, gold has given more than 28% returns in the recent period, which makes it the best investment option," according to World Gold Council vice-president K. Shivaram, reports The Hindu.
In D.C. it is a forgone conclusion that free markets, smaller government and individual responsibility have failed. But no one is asking the toughest question: "What if these massive bailouts fail?"
Here's what's covered in a new Swiss America 14-page special report:
BAILOUT NATION: Truth AND Consequences
