The world is at a very unique juncture. You see, the world is now valued, measured and
denominated in central bank-created fiat paper. As this "junk" or fantasy paper declines against
the time-honored standard of wealth, gold, we are watching a massive stealth deflation that is
going on before the blinded eyes of the world population. This is particularly true for the US
populace, because the US dollar is so weak against other leading currencies.
The whole concept of a stealth deflation is now dawning on many of the smartest investors in
the world. It is also dawning on the various central banks of the world. As the truth sinks in,
these central banks, in their tortured confusion, are halting their sale of gold for garbage
currencies -- and they are rapidly reversing their stands. They are now BUYING gold. China and
Russia both openly admit that they want to increase the gold percentage of their reserves. India
has just done so in buying 200 metric tons of the gold that was so stupidly offered for sale by
the IMF.
As I see it, the trend is in place. The rush to own gold is on. It's starting very slowly and
conservatively with gold increasing against fiat currencies by 2% to 5% a week. To many people,
gold seems "too high," "too expensive." The poor ignorant fools don't see or understand that
fiat currency is being denigrated before our eyes, and it is doomed. The fact is that it's really the
currencies created by the central banks that are far too expensive. In fact, the real question is --
five or ten years from now, will fiat currencies be worth anything at all?