My Deepest Apologies

I've been remiss in my precious metals musings of late. Last week, when the silver/gold ratio was bouncing between 31-33, I should have said to swap a portion of your silver for gold. Alas, it's now too late, as the ratio is back up in the mid-40s.

I have not yet missed the opportunity, however, to encourage you all to take every piece of worthless paper you can spare and buy gold or silver all the way down until it bottoms out. This is not a bursting bubble, folks. This is a short-term correction. How short, I can't predict, but I can say with as much certainty as possible that these prices cannot persist as long as the Fed continues to dilute the value of their Monopoly money.

Gold As The Economic Reference Point

Friend of Friend of Another posted an excellent article the other day about gold as an economic reference point. It's a long read, but by the time you're finished, you'll hopefully understand why I encourage everyone to trade their worthless paper dollars for physical gold bullion as soon as possible, and at any cost. This is the only way to permanently capture the economic value, or purchasing power, of those worthless paper dollars. As I have stated before, gold (and silver, to a lesser degree) should never be considered an investment. It's true savings.

Seriously: long-term savings absolutely should not be in the form of a bank account, stocks, bonds, money markets, mutual funds, or anything that can go to zero overnight (and the US Dollar can go to zero overnight). Long-term savings should be in the form of the precious metals I've mentioned before: gold, silver, iron*, or copper.