Last Call for Gold and Silver

October 8, 2008 at 6:09 pm (Banking Crisis, Gold, Silver)

Gold Bars

The headlines are hilarious lately.  On one hand, you have titles like these: Iceland Teeters On The Brink Of Bankruptcy and Indonesia Halted Stock Trading and Russia Halted Stock Trading and Dow Posts Worst Retreat Since 1937 and California Needs Emergency Federal Loan and Is Florida Going Bankrupt? and Is Pakistan Bankrupt? and The Federal Reserve Will Lend Directly To Companies.

On the other hand, there are still headlines like: The US May Be In a Recession.  Or The IMF Slashes World Growth Forecast.  Wow.  Just… wow.  We’re rocketing off the edge of a cliff and people are still saying “we may have veered a little way off the path.” 

Let me go out on a limb here.  Get some gold and silver right this minute.  Despite the massive short-selling of the major financial institutions and world treasuries intent on keeping the entire system from blowing apart, the successive price manipulation (and retreat), and despite the disparity between the physical price and the paper price, gold and silver cannot be suppressed any longer.  If you don’t own any, and were waiting for the right time to buy, it’s right now.  This very week, right now.  The bomb went off a few minutes ago on the world stage, and in a few more minutes, the first of the fallout will hit.  And then we’ll see REAL panic.  See this and this and this.

Today’s article of doom: Coordinated cuts won’t solve crisis.

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