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<p>[QUOTE=&quot;galtgulch, post: 777236, member: 22416&quot;]My understanding is that all the central banks of the world are following the lead of the Federal Reserve which is printing paper currency to cover the enormous debt and growing deficits generated by the Congress year after year. Consequently gold and other PMs are going up against all major paper currencies.</p><p>The US does not have enough reserves to cover the amount of money it would take to pay off the deficit and the rolling debt which approaches 4trillion. Thus they will print even more paper.</p><p>I have seen predictions of $2000, $5000 and even $10,000 for an ounce of gold before the currency collapses altogether. Bullion coins will go up as will numismatic coins.</p><p>Not to mention that all the silver mined each year is used up by industry in tiny unrecoverable amounts. Not enough is mined (700M ounces)to meet the demand (900M ounces) Silver prices are being artificially held down, manipulated by a few naked short silver futures holders such as JP Morgan. Silver prices are going to go up as a consequence especially once industry enters the market to assure their own supply to keep their production lines going. </p><p>Read the articles on <a href="http://www.investmentrarities.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.investmentrarities.com" rel="nofollow">www.investmentrarities.com</a></p><p>The US dollar is heading the way of all paper currencies throughout history. The politicians are irresponsible and have been failing to adhere to the Constitution which holds that only gold and silver coin will be legal tender Article 1 Section 10.</p><p>There is no authorization within the Constitution for much of what the Congress does. Most of them are ignorant. They may be aware that what they are doing is not enumerated in Article 1 Section 8, but one even said that there is no prohibition on what they do!</p><p>Actually any powers not granted to the Congress is reserved, if not prohibited to the States, to the States or to the people.&nbsp; There is no wiggle room. The Congress does not have the authorization to do whatever they manage to get enough votes to pass, if it is not listed in Article 1 Section 8. IF it is not there they cannot do it, unless they amend the Constitution. </p><p>ALso see <a href="http://www.givemeliberty.org" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.givemeliberty.org" rel="nofollow">www.givemeliberty.org</a> for a list of petitions asking Congress to admit or deny that they have done many things not authorized in the Constitution. Like King George III they ignore such petitions</p><p>That is why it is up to all of us to learn about such matters and to elect men and women who will take the oath of office seriously and replace those who do not keep the oath.</p><p><a href="http://www.campaignforliberty.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.campaignforliberty.com" rel="nofollow">www.campaignforliberty.com</a></p><p><a href="http://www.YALiberty.org" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.YALiberty.org" rel="nofollow">www.YALiberty.org</a>[/QUOTE]</p><p><br /></p>

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