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Empty Store Shelves Coming to America
The National Inflation Association today issued a warning to all Americans that empty store shelves will likely be coming to America as a result of government price controls during the upcoming hyperinflationary crisis. This morning, NIA released a video preview of what hyperinflation will look like in the U.S. This extremely important must see video is now available on NIA’s video page.
NIA’s six-minute video released today goes into detail about an event that took place just outside of Boston, Massachusetts in May of this year. This story was widely ignored by the nationwide mainstream media, but NIA believes it was one of the most important news events of the first half of 2010. Although this particular crisis in Boston was due to decaying infrastructure, NIA believes a currency crisis will lead to the same type of panic on a nationwide basis.
NIA hopes that this video serves as a wake-up call for Americans to take the necessary steps to prepare for hyperinflation and become educated about the U.S. economy. In Zimbabwe during hyperinflation, Zimbabweans were forced to transact in gold and silver. It’s only a matter of time before the U.S. dollar becomes worthless and the only Americans with wealth will be those who own Read more…
Gold Could Have Seen Its 2011 Low
Gold could have already seen it’s low for the year when it dipped to $1,353/oz Friday, before rebounding after the weaker-than-expected U.S. non-farm payrolls data. “With the U.S. economy recovering slower than expected, and worries over (sovereign debt problems in) the euro-zone back on the front line, it seems that we have seen the year low,” says MKS Finance. Spot gold is at $1,371.20/oz, up $1.40 since Friday’s New York close.
Gold Reserves of the World
Bullion analyst Mark Robinson says this is the biggest and most ambitious task that China has ever announced.
“If China wants to take its gold reserves to 10,000 tonnes in 10 years, the country needs to buy or acquire the yellow metal to the quantity of nearly 1000 tonnes per year.”
Which countries own the largest quantity of gold reserves right now?
- World leader the United States has 8133 tonnes of gold reserves, accounting for 76.5% of its foreign exchange reserves;
- Germany has the second highest gold reserves at 3412.6 tonnes;
- France has 2508 tonnes of gold constituting 58.7% of its forex assets;
- Italy has 2451.8 tonnes of gold constituting 61.9% of forex reserves;
- China became the fifth biggest holder of gold reserves this April with 1054 tonnes;
- Switzerland has 1040 tonnes of gold reserves constituting 23.8% of total forex reserves;
- India which recently bought 200 tonnes of gold from IMF has 557 tonnes of gold reserves representing 3% of total forex reserves.
- The IMF, which currently holds 3,217 tonnes of gold, is the third-largest official holder of the precious metal, but is not technically a sovereign central bank. The IMF has made gold sales a key element of its new income model aimed at lowering its dependence on lending revenue to cover expenses.
Wealth Cycle Investments
Wealth cycles are nothing new, however, the potential of this upcoming cycle will be the largest in the history of mankind impacting that of global proportions. When the financial currencies of the world collapse, the transfer of wealth will happen literally overnight. Those who are invested in gold/silver certificates, bank accounts, stock market, checks, bonds, IRA’s, currency (ie Federal Reserve Note, Euro) are prone to loose everything they have worked so hard for. You must recognize what cycle we are in to avoid the pitfalls. It’s the same as common knowledge, if you were watching the weather channel and the meteorologist says that there will be a record blizzard in 24 hours what would you do? The first thing I would do is to make sure that my house has ample food, warm clothing and lots of firewood. If you don’t take these certain precautions surely you will suffer the consequences of hypothermia, starvation or even death. 
Wealth cycles have a long history originating in ancient Greece and Rome. Every time in history upon the birth of a fiat system when a government intervened in free markets, the markets would eventually undergo a correction. You can see that every time a government began devaluing its currency by creating more and more of it, certain events, like inflation or hyperinflation, would follow, every time. In the case of America the same thing is beginning to snowball.
This current cycle that we are in heavily favors gold and silver. You see it on the news everyday and you read it in the newspaper. Question is, have you ever thought about selling your scrap precious metal to one of those gold buyers you just saw on TV a few minutes ago? If you were to sell your precious scrap metal or coins for the inflated quote of dollars they will give you then the following week the monetary system collapses what would you have gained?
Countries such as China have recognized this cycle. It recently was announced that China imported 209.7 metric tons of gold during the first ten months of 2010. That was five times more gold than China imported during the first ten months of 2009. China is even encouraging its citizens to purchase gold and silver! Other nations such as India, Russia, Brazil, even Sri Lanka have been making news by announcing that they all want to build more gold reserves. When you see large international moves like this, you have to know something is up.
Mike Maloney says “I’m not a gold bug or a silver bug. I’m really a cycles guy. Silver, I believe, is the best way to get a whole bunch of cash flow, real estate, high-dividend-yield stocks, or something that is creating income every single month. What you eventually want is cash flow.”
http://blogs.wsj.com/marketbeat/2010/12/03/gold-demand-huge-buying-from-china/
What is the true value of your dollar?
Ever since 1913 when the Federal Reserve was created the dollar has been loosing its purchasing power. Currently you can only purchase at 3 percent today of the 100% that you could buy in 1913 resulting in a 97% loss. For instance milk was just an average of 32 cents a gallon in 1913. Today, the average price for a gallon of milk is $4 or more. Almost everyone tends to think that everything is getting more expensive when in reality the purchasing power of the dollar is going down which is the cause from inflation (which have averaged about 3.3% a year). It is only a matter of time when these Reserve Notes are declared worthless, hopefully, I pray you were wise enough to invest in physical precious metals. Remember the age old cliche “Where there’s smoke, there’s fire”.
USD Purchasing Power since 1913
Coinflation.com shows what the actual value of the metal contained in our coins today. At the time of this writing, the market value of each coin is as follows:
- Pennies are worth $0.0053329 (1/2 cent)
- Nickels are worth $0.0525026 (just over 5 cents)
- Dimes are worth $0.0183166 (1.8 cents)
- Quarters are worth $0.0457932 (4.5 cents)
- Half Dollars are worth $0.0915876 (9.1 cents)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
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