The Herd Moveth Goldwards ...

For those of us who have been advocating gold and silver for some time now, one of the 'turning points' we wait for is when the general public starts to get interested in precious metals. The trouble, currently, is with the Euro. And no doubt, many Europeans are wondering if they should 'save' with Euro bucks at all anymore. Well, America is next.
I feel like I'm at the gold party, more people have just entered the hall, the music is a bit louder, and the revelers are dancing with a bit more energy. I'm still drinking my drink and enjoying the spectacle, but if it was possible to have a nice recognizable juncture where the party goes into a new phase - this is it.

America Wakes Up to Gold

Pig Slaughter

Dr. Faber lowers the boom, gloom and doom!

Here Swiss investor Marc Faber expresses concern that the PIIGS (Portugal, Ireland, Italy, Greece, Spain) might default and that the Euro could be hit hard by such an occurrence. He points out that before a country defaults they often print a lot of money and this results in hyperinflation.

He also mentions how one way for a government to distract attention from the destruction of the country's economy is to go to war. I guess there comes a time when even the Super Bowl halftime show cannot keep them all in awe. Unfortunately the United States has a penchant for invading certain countries these days. If I lived in the Middle East, I'd get ready to duck. If I lived in the PIIGS, I'd buy a little gold and silver.