As I have mentioned before, the auto craze for zero percent financing is over. New cars, used cars, and every known kind of cars are sitting around waiting for a buyer. Few are showing up. Sales are down double percentage figures for the months of October and November. A disaster is afoot. Think about it. […]

A fellow called me the other day, and expressed surprise about the use of gold as a storage vehicle for wealth. He told me he bought a new Volkswagen in 1966 for $1995, which then was exactly 57 ounce of gold. He recently bought another new VW, and it was still priced at 57 ounces […]

We all have seen a snowball begin at the top of a hill, and begin its downward trek, picking up speed and snow as it proceeds. The larger it gets, and the faster it rolls, the more destructive it becomes. Anything in its path, or at the bottom of the hill, total destruction is the […]

This’ll be a pity party probably, because of the intense grief out there in gold futures land. I haven’t seen gold take a dump of $6 within a couple of hours in many years. Horrible for those of you out there who have invested savings in the gold futures market. The long term prospects for […]

The old game of tossing a hot potato from one to another, because if you held it too long, you’d get burned, applies now. Think about it, and once again compare it to 1924 in Germany, writ much slower. In Germany, the currency was declining in value so fast, that workers were paid two or […]

To Quote Clinton, It depends on what the meaning of…..is.” It really does! If you mean dollar prices going down on certain things means “deflation,” then yes, we have “deflation.” If “inflation” means an increase in the currency supply, which is the correct definition, then we certainly do have “inflation.” Prices in dollars are going […]

I live in, and love…Colorado. Colorado depends on tourism for a lot of its income, and in fall and early winter, hunters arrive with their orange jackets, so that other hunters don’t get shot, instead of an elk or deer. Some farmers place orange signs on their livestock that say “COW.” However, not only in […]

I have a few thousand shares of mining stocks, which I bought for pennies each. I guess they have done well, I rarely ever check. People ask me all the time about selling their physical to buy shares. Do shares go up faster than physical gold and silver? I don’t know. Maybe yes, and maybe […]

So far, I can get it for my clients. The Mint is supposedly out, as are the US reserves. China supposedly inserted 61 million ounces into the market last year, but that is hardly enough to satisfy the demand. If one looks at the ratio between gold and silver, it is now over 72 to […]

Ever try to deflate a bubble?  It is absolutely impossible.  Bubbles have to burst.  Is there any question that the stock market bubble, real estate bubble, and bubbles of all sorts and descriptions, have inflated beyond their logical size?  Can anyone argue the point?  In places, the bubbles continue to inflate, and in my favorite […]