Hello world!

Welcome to WordPress.com. After you read this, you should delete and write your own post, with a new title above. Or hit Add New on the left (of the admin dashboard) to start a fresh post.

Here are some suggestions for your first post.

  1. You can find new ideas for what to blog about by reading the Daily Post.
  2. Add PressThis to your browser. It creates a new blog post for you about any interesting  page you read on the web.
  3. Make some changes to this page, and then hit preview on the right. You can always preview any post or edit it before you share it to the world.

Andy Hoffman: Simple Math and $100,000 Gold

Simple Math and $100,000 Gold

Written by Andrew Hoffman on December 21 2011

If I need to SHOCK you into attention, I will.

Given that I know gold is going, MUCH, MUCH higher, it doesn’t matter what number I put in the title.  At current prices, PHYSICAL precious metals are the bargain of a lifetime, far more so than when gold was $250/ounce a decade ago, and silver just $4/ounce.  The explosion of global MONEY PRINTING since 2000 will be remembered as the most insane financial experiment of all time, which unfortunately is just getting started.  That $100,000/ounce gold projection is NOT a joke, as you will see at the end of this RANT.

Before I get started, I want to darken the mood a bit, as the world is a bit too giddy about the hype of the abbreviation du jour, the LTRO funding facility that emerged out of Central Bank ether to yet again enslave – er, save Europe with another massive dose of crack – er, free bank loans.

Beware the Coming Bailouts of Europe