Business

Gold Hits New Record as Dollar Expected to Tumble

Gold hit another record in trading on Monday as the dollar is expected to tumble against other currencies, CNBC reports.

Gold hit $1,517.71 an ounce, before easing to $1,515.65, up 0.8 percent, says CNBC. U.S. gold futures also rose to an all-time high, at $1,518.6 an ounce.

Booming silver prices are also accompanying rising gold, and have actually outpaced gold numbers.

“Silver prices have climbed nearly 60 percent so far this year, after jumping more than 80 percent in 2010, outpacing gold’s 7 percent rise and the 10-percent gain in the 19-commodity Reuters-Jefferies CRB index,” reports CNBC.

The precious metals news comes as dismal reports surface for the dollar. While the dollar did rally slightly on Monday, the outlook still remains bleak.

“[T]he combination of upbeat global growth, signs of weaker U.S. growth and the spectre of dovish Fed policy is expected to support fund flows to higher-yielding currencies such as the euro and the Australian dollar from the U.S. currency, traders said,” according to CNBC.

It continues:

The dollar has been falling due to perceptions that the United States is set to maintain an easy monetary policy even as most other major global economies, with the exception of disaster-stricken Japan, look to tighter monetary policy to rein in inflation.

Some analysts say worries about rising U.S. debt and political bickering in Washington over how to tackle the U.S. budget deficit are also undermining the dollar, making it easier for speculators to sell the currency, although there is no evidence that foreign investors are dumping their U.S. assets.

Last week, Jeff Cox said the situation is here to stay:

Weakness in the US dollar, which is causing everything to go up—including gas prices, food and stocks—is unlikely to go away soon as a selling frenzy hits the currency market.

The greenback is approaching pre-financial crisis lows and threatening to smash through its all-time low when measured against the world’s predominant national currencies.

“Panic dollar selling is setting in,” trader Dennis Gartman, a hedge fund manager and author of “The Gartman Letter,” wrote in his daily commentary recently. “This may carry farther than any of us dream of or, worse, have nightmares of.”

Comments (200)

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  • sbenard
    Posted on April 25, 2011 at 9:54am

    Corn — June 2010 — $3.45/bushel
    Corn — April 2011 — $7.60/bushel
    Corn is up 15 cents TODAY — one day!
    120% increase
    Other grains up similarly
    The biggest price increases haven’t even hit the grocery stores yet!
    The CEO of WalMart says “serious” inflation is coming!

    Gold this morning is $1518/ounce
    Silver this morning is $48.77/ounce
    Silver — Aug 2010 — $15/ounce
    200+% increase

    “Only at the Fed is there no inflation!” — Marc Faber, famous Swiss investor, newsletter writer

    Report Post » sbenard  
    • Zer0
      Posted on April 25, 2011 at 12:27pm

      @SBenard,

      Awesome post.

      Progressive Stooges:
      “There is no inflation here, move along….”
      “The rising costs of commodities is due to price gouging and speculators, and nothing to with Obama‘s and Bernake’s policies……look away!”

      Report Post »  
    • Joshiesmommy
      Posted on April 25, 2011 at 9:56pm

      As the primary grocery shopper in our home, I’ve noticed our grocery bill continuing to increase even though I am basically buying the same staples each week. I know that it is only going to increase. My husband and I are trying to make preparations for the future now by learning to grow some of our food and we’ve even taken on hens as pets to get fresh eggs. We’ve also been stocking up on food items that have a long shelf life.We think of it as a hedge against inflation. If the government keeps doing what they are doing, the value of our dollar will continue to erode. Buy things now while they are relatively less expensive. We get our reserve food at betheant.myefoods.com. They have some great tasting stuff!

      Report Post »  
  • Apple Bite
    Posted on April 25, 2011 at 9:53am

    Those that are/were in position to do something to save their wealth, I hope you have already. I wish I was in the position to buy gold, and sadly when it came to silver, that’s rarely an option in a 401k. At least from what I’ve seen. Nobody bothered to mention buying silver til Beck said something about the devaluation of the dollar. Sadly for myself, I didn’t have the money to act in time, didn’t even have a steady job until last month. Don’t suffer from normalcy bias. Act while you have the chance. Come next couple of weeks, I hope it’s not too late, I’m doing something to save myself while I still can.

    Report Post » Apple Bite  
  • Gonzo
    Posted on April 25, 2011 at 9:51am

    I wish I would have listed 3 years ago Glenn.

    Report Post » Gonzo  
    • BetterDays
      Posted on April 25, 2011 at 10:41am

      @Gonzo
      Yea, me too, but listening isn’t my strong suit, or so I’m told, over, and over, and over, and……….
      Koenig Gonzo, hope you had a Great Easter!

      Report Post »  
  • LastAmerican
    Posted on April 25, 2011 at 9:51am

    This mess is totally on Odillweeds shoulders now. There is no way any of this can be linked to Bush. Thanks to all the socialists working for Odummy. It’s time that the price of grain matches the price of oil. Barrel vs bushel. Think oil prices would drop?

    Report Post »  
  • lynnissmart
    Posted on April 25, 2011 at 9:50am

    This is the goal of the O administration all along…..they must be peeing in their pants and getting tingles up their legs with this news…..but, I think maybe the joke will be on them…..(I hope)

    Report Post »  
    • Freedom1984
      Posted on April 25, 2011 at 10:26am

      I agree with you….and I hope you are right.

      Just the thought of BO peeing in his pants with delight at this is enough to make me want to projectile vomit on him.

      Report Post » Freedom1984  
  • JohnQTaxpayer
    Posted on April 25, 2011 at 9:49am

    get ready for the doe eyed people asking WTF

    Report Post » JohnQTaxpayer  
  • turkey13
    Posted on April 25, 2011 at 9:46am

    The bad news about gold is that the government won’t let our congress persons view what is supposed to be at Fort Knox! I bought my first 20 gold piece back when gold was $195.00 an ounce for $225 with a very large 14 k bezel. The bezel at a little over an ounce is worth about $650.

    Report Post »  
  • dutchjohan
    Posted on April 25, 2011 at 9:44am

    Thanks to Glen Beck I bought 100 silver rounds for $29.60 each. When silver reaches $50.00 I will have netter $2,000.00. I probably sell some and keep some. The dollar is tanking now but eventually it will come back, after 2012 when we have an adult in the W.H. again. dutch

    Report Post » dutchjohan  
  • red_white_blue2
    Posted on April 25, 2011 at 9:43am

    I know, I’ll just ask to be paid in Gold ounces..that’s the answer!

    Report Post » red_white_blue2  
    • sbenard
      Posted on April 25, 2011 at 10:05am

      In Utah and Colorado, gold and silver are now recognized as legal tender. I would much rather be paid with those than with fiat money/paper dollars.

      Report Post » sbenard  
  • red_white_blue2
    Posted on April 25, 2011 at 9:41am

    And then what are we going to be paid with from our employers..those that have jobs that is…Euros?

    Report Post » red_white_blue2  
  • freedomweiner
    Posted on April 25, 2011 at 9:40am

    Should we invest NOW ?

    Report Post »  
    • Hollywood
      Posted on April 25, 2011 at 2:58pm

      If you have no gold bullion, I would by a little, but try for more silver, as day to day,it would be better for bartering with, Buy NO ETFs, paper gold/silver . They will be as worthless as the $.
      Don’t look at Gold/Siver Bullion as an investment. Look at them more as survival tools.
      One trader/inst just bought 1 million PUTS at 25.00 for July of SLV. I personally think they were/are trying to force the market down re silver. I think they are mistaken,and will lose their a$$ as July approaches! I buy silver/gold shares on dips, but I don’t hold them long. I have all the gold bullion I need, but I would like some more Maple Leaf Silver,1 oz coins. Unfortunately the Canadian Mint is sold out. Guess I’ll have to get some American Eagles, but the buy/sell spread is widening, as more fiat$ try to acquire hard PMs.

      Report Post » Hollywood  
  • John 3:16
    Posted on April 25, 2011 at 9:39am

    GOD is just using Glenn and Glenn just keeps letting HIM. This may be odd, but I enjoy watching it.

    Report Post » John 3:16  
    • Hollywood
      Posted on April 25, 2011 at 3:03pm

      I only pray the Lord will USE me for His purposes. I may disagree with Glenn from a theological perspective, but he certainly has common sense. A thing very lacking in this present admin. & most of congress.

      Report Post » Hollywood  
  • Bob_R_OathKeeper
    Posted on April 25, 2011 at 9:36am

    And if you think these liberals aren’t buying gold, keep dreaming, Soros is heavily investing in gold, these people are pure evil folks and not for their investing but for their hypocrisy on this.

    Report Post » Bob_R_OathKeeper  
  • 5410amh
    Posted on April 25, 2011 at 9:36am

    The dollar really is worthless. What more proof do you need? The dollar has lost 25% percent of it’s value since 2000. Why does a gallon of gas cost $4.00 instead of 0.5 cents like it did in the 1950′s? The answer to that question is called devaluation and this is how to sum it up. The less there is of something the more it’s worth. But the more there is of something the less it’s worth. So the more the feds keep printing money the less all of the other money in circulation is worth. Remember for every dollar the feds prints, the less each individual dollar in circulation is worth.

    Report Post »  
    • oldoldtimer
      Posted on April 25, 2011 at 9:48am

      One has to ask why the Fed is doing this? Simple. For every 1%of inflation they make $1 trillion in profits. That is profit out of something that did not exist. Why do we eeven need the Fed? If we had needed a central bank it would have been authorized by the constitution. The creation of the Fed was not legal. It was dobe by an act of Congress and not a constitutional amendment.

      Report Post »  
  • APatriotFirst
    Posted on April 25, 2011 at 9:36am

    Once in our history, gov’t took the gold………can it happen again under Booboobama? Hell yes, because this lier does anything he wants. Legal or not.

    http://www.legacypreciousmetals.com/gold-confiscation

    Report Post »  
    • APatriotFirst
      Posted on April 25, 2011 at 9:50am

      I didn’t realize that the link I gave was basicly an ad for gold……….so here is a new link…..

      http://en.wikipedia.org/wiki/Gold_confiscation

      Report Post »  
    • GhostOfJefferson
      Posted on April 25, 2011 at 11:31am

      The most they can do is order the turning in of gold. They have absolutely zero resources to go house to house looking for unregistered wedding rings.

      And since when did we have a character limit in our posts? My posts often get rather lengthy because I like to put out a fully logical and consistent argument. Are we now limited to sound bites and bumper sticker politics? How disappointing.

      Report Post » GhostOfJefferson  
    • Therightsofbilly
      Posted on April 25, 2011 at 2:41pm

      Don’t let that stop you GHOST.
      Multiple posts might be a pain, but doable.

      I enjoy your lengthy but logical posts.

      As opposed to some others lengthy but illogical posts.

      Hey………..

      Report Post » Therightsofbilly  
    • Hollywood
      Posted on April 25, 2011 at 2:49pm

      They will get my gold out of my cold dead hands. After I put a number of them in front of their maker of course!

      Report Post » Hollywood  
    • Hollywood
      Posted on April 25, 2011 at 3:06pm

      Government took the gold of those STUPID enough to turn it in. Most didn’t. We only have to follow and support those in office that govern in accordance with Gods’ Will. When they become Tyrannical, or Immoral, we are to resist them,as the PROPER reading of Romans 13 so states.

      Report Post » Hollywood  
  • freedumb1
    Posted on April 25, 2011 at 9:34am

    obamadhi.com

    Report Post »  
  • lel2007
    Posted on April 25, 2011 at 9:31am

    The demise of the Dollar has been on the horizon and forecast long ago. That “Crazy Guy” Glenn Beck explained exactly why the Dollar would fail some time ago. His detractors accused him of taking payola from Gold Line. For a Crazy Guy, he has a pretty good track record for calling future events. Isn’t that crazy?

    Report Post » lel2007  
  • EqualJustice
    Posted on April 25, 2011 at 9:30am

    GLENN WAS RIGHT.. again. Anthony Weiner neve did get his “GOLD CONTROL” bill passed, did he? :) hahaha I bet anything little Weiner bought a bunch of gold, even as he told Glenn’s audience not to be “taken.” hahaha

    Report Post » EqualJustice  
  • rightwingheroes
    Posted on April 25, 2011 at 9:29am

    ya don’t say!

    Report Post »  
  • fobama
    Posted on April 25, 2011 at 9:28am

    Yup boy thank god we listen to the weiner, happens to me too, sometimes I listen to my weiner!

    Report Post » fobama  
  • conservativeheeler
    Posted on April 25, 2011 at 9:28am

    I wish I would have started watching/listening to Glenn Beck earlier. Taking his advice on gold a few years ago would have paid off handsomely now. How many more times must he be proven right before the liberals quit calling him a lunatic and fearmonger?

    Report Post » conservativeheeler  
    • Sgt.Crust
      Posted on April 25, 2011 at 2:18pm

      They will NEVER admit they are wrong, that’s the problem, even when they are sinking 100 feet under water and drowning they’ll be yelling (in gurgle sounds), ‘see i told you Glenn was wrong and we were right’ ROFLMAO

      progressive liberals are amoebas! socialist and communists are the enemy – they all are fools on a fools errand…they will get theirs in the end!

      Report Post »  
  • NickDeringer
    Posted on April 25, 2011 at 9:27am

    A big thank you to Anthony Wiener. Gold is now at $1,518. per oz. To all you Left-wing nut jobs: Saps!!

    Report Post » NickDeringer  
  • BONETRAUMA
    Posted on April 25, 2011 at 9:27am

    got my gold and silver!!!!! Thanks Glenn Beck.

    Report Post »  
    • Sgt.Crust
      Posted on April 25, 2011 at 2:15pm

      wink, you’re smart!

      Report Post »  
    • Hollywood
      Posted on April 25, 2011 at 3:16pm

      The supply of NEW gold into the market, is small in light of increasing worldwide demand.
      The fact that an institution,such as the University of Texas would just buy 1 Biilion dollars worth of Gold Bullion,and has taken Delivery, tells ME where the U.S, $ is going! This is just a portend of more purchases to come, by other large inst/funds etc.
      I am Canuck, so my LOONIES,and TOONIES going up against the U.S.$. Doesn‘t mean I didn’t buy Gold/Silver coins, for catstrophic events about to unfold though. I saw this coming in 2007,and got out of the big city. Bought a place in a small town, with a large yard[have large veg garden now]. I am 4 min walk down my escarpment to a clean clear small river. Planning ahead sure saves me worry now. I am ready for whatever transpires. I only worry/pray for those not able to do what I have done.
      Some people,family,friends, think I’m NUTS! As I told them though. IF I am wrong, what have I lost?
      If you are???

      Report Post » Hollywood  
    • MeMadMax
      Posted on April 25, 2011 at 4:53pm

      I went the food, bullets, and toiletries route…

      I don’t believe we will make it out of this one…

      Report Post » MeMadMax  
  • travlman77
    Posted on April 25, 2011 at 9:27am

    Gee didn’t Glenn mention somthing about this once, or twice

    Report Post » travlman77  
    • freedomweiner
      Posted on April 25, 2011 at 9:32am

      Texas Congressman Ron Paul could be set to officially announce whether or not he is running for the Republican 2012 nomination this week with a series of back to back high profile media appearances.

      The Libertarian favorite is scheduled to appear today on The View, Hannity, and The Colbert Report. Officially these appearances are to promote Paul’s new book, Liberty Defined, yet they could serve as a platform for the announcement the Congressman’s supporters have been awaiting with baited breath for months.

      Report Post »  
    • Libertarian
      Posted on April 25, 2011 at 1:16pm

      On March 8th I mentioned that gold can have an abrupt devalue under certain conditions which Mr. Beck highlighted on his first hour of his radio show. Mr. Beck and I agree.

      I mentioned it on the comment section ~ http://www.theblaze.com/stories/gold-hits-new-record/

      _______________________________________
      “There are only two instances that gold can decrease in value. One more likely than the other.

      1) Supply in gold rises sharply

      2) Value of currency stabilizes

      I believe when the world currencies fall, and they will, banks and governments that have hoarded gold will immediately begin to put their supply on the market. This international supply will cause a temporary decrease in the value of gold.

      Gold will be used to make big purchases like land, businesses, automobiles, boats etc.. Silver will be used for small commodity trading in local markets.”
      ______________________________

      Report Post » Libertarian  
  • MAJORMINOR
    Posted on April 25, 2011 at 9:23am

    Too many newly printed dollars chasing too few goods….inflation is in high gear.

    Report Post » MAJORMINOR  
    • Marylou7
      Posted on April 25, 2011 at 9:30am

      So true.

      Report Post » Marylou7  
    • Leadthemtothelight
      Posted on April 25, 2011 at 9:30am

      We are in deep trouble. I have doubts that the US is gonna make it throught this. There are too many people hell bent on the destruction of this country. In Washington the spending orgy continues.

      Report Post » Leadthemtothelight  
    • Snowleopard {gallery of cat folks}
      Posted on April 25, 2011 at 9:30am

      Real inflation under the old method is over 10% now; I have seen prices rising steadily over the last two months, checking them on a basis of every three days at the Wal Mart near me. I have warned the others around me about it happening, and finally others are starting to make ready…a little on the late side, yet hopefully in time.

      Report Post » Snowleopard {gallery of cat folks}  
    • JP4JOY
      Posted on April 25, 2011 at 9:34am

      A silver dime (pre ‘64) will still buy what it would in 1900. It’s worth appx $3.65 in silver content.

      Report Post » JP4JOY  
    • Snowleopard {gallery of cat folks}
      Posted on April 25, 2011 at 9:43am

      And of course the Fed’s will blame the businesses and the consumers for the cause of the problems and not themselves who are the real problem (the FED’S!!!)

      Report Post » Snowleopard {gallery of cat folks}  
    • Cobra Blue
      Posted on April 25, 2011 at 9:51am

      Before it is over you will see gold north of $2,500 an ounce and silver at over $100 per ounce. Of course, for those who practice self-reliance, you too will able to benefit from these astonomical increases. By thinking ahead you will also be able to convert your extra lead, guns, food, water, fuel, cigarettes, liquor, med supplies, medicines, etc into gold and silver. Why? Because you can’t eat the gold and silver and most of the people with money are converting it to gold and silver and other metals with no thought to the essentials. I personally know of a gentleman that is a very successful businessman with lots of money. He is hoarding CASH of all things. I have tried to reason with him but he want listen. Oh well! So no worries if you don’t have any of the shiny stuff yet. Be patient. We will be positioned and ready when its time. And you want have to go to them. They will come to you desperate for what you have and what they need. Gold and silver will be meaningless to those individuals by then. And depending upon what you are trading could mean a significant gain. i.e. box of MRE’s cost $40. 5 gallons of water – $5.00 for the bottle and pennies for the water. Swap for a gold or silver bar. What a bargain. Get prepared. Practice self-reliance. Be watchful and alert. A watchman on the wall. Let’s roll…

      Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on April 25, 2011 at 9:51am

      Mr Beck:

      Thank you for letting me onto your show today; the prices of bulk goods, basics of rice, flour and beans are going up remarkedly here in AZ, with the stores the food bank where I volunteer at has to deal with. Seeing three different sizes of chili cans in my pantry, comparing prices and sizes for the same product demonstrates it to the hilt.

      Report Post » Snowleopard {gallery of cat folks}  
    • dwh320
      Posted on April 25, 2011 at 9:55am

      Can any of you hear that strange sound? It sounds like the media and political elite whispering… Beck was right.

      Report Post » dwh320  
    • Dustyluv
      Posted on April 25, 2011 at 10:01am

      Told you guys to buy silver when it was 20.00…did you listen? Nooooooooooooooooooooooooooooo Tough noogies!!!

      Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on April 25, 2011 at 10:12am

      DustyLuv:

      For some of us, Gold and even Silver are out of range – I have enough to concentrate on finishing the last food storage I feel is needed. I have about a ninety day supply on hand, and seeking to keep on building it as far as possible, space permitting.

      Do what you can while the time remains, for soon we will either veer from destruction; or we will go off the cliff full tilt.

      Report Post » Snowleopard {gallery of cat folks}  
    • gofigureinternational
      Posted on April 25, 2011 at 10:14am

      Unfortunately, we are only seeing the beginning! It is amazing to watch a Republic being destroyed by a handful of corrupt elected and nominated individuals. Equally concerning is the fact that most of America is still asleep at the wheel. Troubling times ahead!

      Report Post »  
    • mikem1969
      Posted on April 25, 2011 at 10:19am

      And as the libs and progressives keep on destroying our economy and way of life, precious metals will continue to rise as more of us are povertized.

      Report Post »  
    • BetterDays
      Posted on April 25, 2011 at 10:25am

      Gold will continue to rise and will top $3000, silver will go over $600.
      But is it a safe trading commodity? IMHO, no, for in the coming days presenting these metals in a common market place shall place one at great risk of being a target for those who covet such things, thusly use extreme caution if you use these metals for business transactions. I feel that the market place coming soon to America and much of the world is bartering, and a diversified ability to provide a tradable service in exchange for needs is more pragmatic than gold, as well as more useful. Most of us, when recalling our lives works, have skills such as carpentry, cabinetry, plumbing, farming, and more that will be invaluable in sustaining communities as well as serving to provide for personal needs.
      and for those who feel they are in good standing with Christ Jesus let me remind you of his words to us in regards to these days, “ your bread and water are sure”.

      Report Post »  
    • FansLogonDOTcom
      Posted on April 25, 2011 at 10:33am

      All very predictable.

      Hey, where are all the Leftists drones on this news? Hello? Drones? Come in…. come in…. I’m waiting.

      Report Post » FansLogonDOTcom  
    • Smith523
      Posted on April 25, 2011 at 10:45am

      Now combine this article with Fox News headlines today:
      http://www.foxnews.com/politics/2011/04/25/imf-predicts-chinese-economy-surpass-2016/

      and then add the topper:

      http://www.foxnews.com/us/2011/04/25/energy-america-oil-drilling-denial/

      I do not mean to sound “negative” but WE the American people are about to suffer for the idiots that we have put in office for the last 50 years.

      Report Post »  
    • jackrorabbit
      Posted on April 25, 2011 at 10:49am

      And they are trying to slam it into overdrive.

      Report Post »  
    • TheLascone
      Posted on April 25, 2011 at 10:52am

      That poor dollar ….
      http://www.flickr.com/photos/23630227@N06/5642214398/in/photostream/

      Report Post » TheLascone  
    • missionarydad
      Posted on April 25, 2011 at 10:55am

      Gold prices will continue to rise and rise as will silver. Do not forget about aluminum, chrome, and copper as they will continue to go up as well. If you cannot afford gold and silver definitely start or continue to hoard these other metals as well as they seem to always go up during bad times as well.

      http://www.saywhatyoureallymean.blogspot.com, I invite you to stop by and take part in the GOP Presidential poll.

      Report Post »  
    • Bolo2811
      Posted on April 25, 2011 at 11:00am

      Whats the deal with this comments section? Why is ALL the comments hidden?

      Report Post »  
    • Cerealface
      Posted on April 25, 2011 at 11:29am

      Weirdos buying gold. How long is that gold going to last you? I’m glad you spend your money on gold and not the independent companies in your town. Instead of recirculating the wealth throughout your town, and help keep people from closing shop, you’re wasting it on gold…

      Make new friends but keep the old, one is silver the other gold….Doesn’t mean do it literally…

      Report Post » Cerealface  
    • cessna152
      Posted on April 25, 2011 at 12:00pm

      How much Silver do I need? 10 Oz? 100 Oz? 1000 Oz? Two month’s supply? I bought at $16 an ounce is $50 too high to buy? My opinion is if/when the dollar crashes Silver/Gold and commodities will be the next choice of trade.

      Report Post » cessna152  
    • Professional Infidel
      Posted on April 25, 2011 at 12:23pm

      find a good spot, a cache if you will, and stash it prior to the obozos taking it for the LAZY.

      Report Post »  
    • Professional Infidel
      Posted on April 25, 2011 at 12:29pm

      This all obozo’s fault, Acts of Idiots and are Treason by design, “In the name of Hope and Change” I like my heritage just fine.

      Report Post »  
    • watchtheotherhand
      Posted on April 25, 2011 at 1:05pm

      CREALFACE is clueless about economics and what is going on internationally…..People who have not prepared will be the first to feel the pain of expensive food and basics of life……Just ask the German’s what happens with runaway inflation or Zimbabwe for that matter……..Inflation is the natural progression of ALL fiat currency established in a debtors economy where fractional banking is the law. Debt is never paid down only added to and currency inflated to pay for past debt. It is a vicious intentional cycle meant to transfer real wealth from one group to another. Folks like CEREALFACE make that process all the more easy and effective.

      Report Post » watchtheotherhand  
    • drphil69
      Posted on April 25, 2011 at 1:40pm

      There goes Glenn again… hawking gold to rip off the consumer… ;-)

      Glad I was buying when Glenn first started ripping people off… I think it was $600-$700 an oz back then. And thanks to Glenn, ripping me off, I bought silver starting a couple of years back. I think it was $14 an oz.

      If that Glenn Beck keeps ripping me off, I will soon be a millionaire!! No worrys, unlike some millionaires, I promise not to donate to Antony Weiner’s campaign fund, or Chucky Schumer, or Harry Reid, or ….

      Report Post »  
    • Sgt.Crust
      Posted on April 25, 2011 at 1:47pm

      The 5th column is already in our govt right now! What will it take people for you to WAKE UP, 31 daggars in your pillow when you wake up one morning? As God is my witness most Americans have gone insane!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Just wait until July, maybe sooner, this country will be in very serious trouble, much worse than it is now, because there WILL BE SOCIAL UNREST, the economy is bankrupt, and communists plot to take down Wall Street and all the major banks – which will cause damage worldwide! Japan’s woes are going to put a huge monkey wrench in the world GDP, do the math, smell the napalm, whatever, but for GOD’s sake WAKE THE HELL UP AMERICA!!!!!!!!!!!! I can’t keep writing this stuff much longer, but soon enough you will know for yourselves, but if you’re not prepared now (or at least by June), youi NEVER WILL BE and you will SINK! How will you look into the faces of your kids when they are starving, that you blew off the warning signs, and people like me and MANY OTHERS, and didn’t prepare at all – the majority of families are NINE (9) meals from anarchy!!!! GET PREPARED NOW, without fail, or you will be VERY SORRY!!!!!!!!!!!!!

      Report Post »  
    • Sgt.Crust
      Posted on April 25, 2011 at 1:55pm

      Cobra Blue – wise words from you again! And to the unprepared don’t come to my house looking for a handout, or help, I’ve warned ya plenty, you will be on your own! And if you come to my house to take my stuff – beware!

      Report Post »  
    • Sgt.Crust
      Posted on April 25, 2011 at 2:05pm

      Snow – within budget you can still prepare! However, I cashed in all IRA, etc, investments and took all of that money and bought food, water purification systems and LOTS OF AMMO, and another gun, and may buy more – a reliable source say to buy the ammo and guns before May – the prices are going way UP! I cashed in my equtities in 2008 before the crash and saved my money, then bought gold (@ $850/oz) and silver (at $8/oz), so I’ve made money, if i chose to sell it, but that was not my aim, it was to barter with. Too late to do all that now, for as you say it is cost prohibitive to buy gold, however, you can still buy silver reasonably. Junk silver – pre 1964 coins – is a good bet still. Put ALL of you efforts into FOOD NOW – even if you have to charge it – because when the banks go down, you probably won’t have to pay it back because they will be bankrupt, and I am not advocating not paying your debts, but in a SHTF scenario who are you going to pay it too? Get right with uncle Sam for sure, but all the rest is BS…WATER WATER WATER – save jugs and fill them and rotate every 90 days or so. Get large containers if you have to, but that is hard to move around, better to buy Calciun Hypochlorite – mixed with water it makes chlorine, which you can use to purify dirty water with. PROTECTION, PROTECTION, PROTECTION, if you don‘t have that food and water won’t matter. JESUS CHRIST will help emotionally, get right with him, but I figure you already are!!!!

      God Bless America and all my fine Blazers! There are still a LOT of people asleep, or plotting against us, so KNOW YOUR FRIENDS & YOUR POSSIBLE ENEMIES!!!!!!!!!

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    • Sgt.Crust
      Posted on April 25, 2011 at 2:07pm

      Forgot one of the MOST IMPORTANT things SEED – Open Pollinated hybred SEED…that will be the new gold.

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    • geotico
      Posted on April 25, 2011 at 2:50pm

      Just an FYI http://www.goldshark.com is a cost comparison shopping site for gold and silver bullion. It;s like expedia for gold and silver. I have used the site a couple times COMPARE dealers before you buy.

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    • jpjuve
      Posted on April 25, 2011 at 3:19pm

      Has it crossed anyone’s mind that our current economic condition can be the “spooky dude’s” plan wheels already spinning…we just need a great leader to rise for 2012 and throw a boot in the spooky dude’s plan.

      Report Post » jpjuve  
    • MeMadMax
      Posted on April 25, 2011 at 4:55pm

      So this is what the beginning of the end of our country looks like.

      It’s like a meth user: Looking ok on the outside, but in the inside the body is being gutted… till the very end, when the user starts to look 80 years old at the age of 25……..

      Report Post » MeMadMax  
    • Hollywood
      Posted on April 25, 2011 at 5:50pm

      High Gear? Au Contraire Mon Dieu! Just shifting from low into 2nd right now! Wait until it gets into 4th gear! Eventually the Fed will then try to control, but will jam it into reverse, destroying the gearbox,blowing up the engine, then saying WELL,guess that was a faulty model[Keynsian].

      Report Post » Hollywood  
    • oldoldtimer
      Posted on April 25, 2011 at 8:59pm

      Spend it quick before it is worlthless or do like the gov’t. Spend like carzy on credit and then pay it back with worthless dollars. Looks like it is mission accomplished for Obama and Soros. The dollar is collapsing. Slowly at first but it will pickup speed before summer. I see inflatuion at 25to35% by Nov and gas at $6.50 per gal.

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    • JayKim47
      Posted on April 25, 2011 at 9:34pm

      good interpretation of gold situation here http://www.goldinformationcenter.com

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