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Many Americans are buying gold and silver as hedges against a feared decline in the value of the dollar. Considering that the current fedgov fiscal year deficit is forecast at $1.75 trillion, buying the metals seems a prudent move as a devastating decline in the dollar is almost a certainty. But, too many Americans do
2009 was a good year for the gold market, with central bank buying dominating the news. Talk of IMF gold sales no longer depresses the market, as speculation abounds as to which central banks will be the big buyers.
Although none of the three credit rating agencies have yet downgraded US debt, all have issued threats that they may do so if the US does not get its financial house in order. The chances of the US getting its “financial house in order” are not good. Consider these headlines across the country: “Social Security
