Hyperinflation ??? Depression ??? Gold ??? Debt ??? Good Advice, PRICELESS!

Of course it is always better to pay off any existing debt but...considering how everything is sold using credit it is hard for aany American to ever reach debt consolidation. We buy a house, a car or two, refrigerators and other appliances with money we don't even have.

Couple of criticisms with this post:

1. Gold has always been seen as a hedge against inflation. But if you were to get into 100k of gold five years ago, it has gone up 300% since, and many homes after the bust are going to be less than they were five years ago, so if that's what you were using that profit for, YES IT DID do more than act as a hedge against inflation. You amassed considerable new wealth relative to the value of home prices. It is possible, you know, for a commodity price to be undervalued in the market and not reflecting its true value against something with perceived value like the dollar. That's where commodities were in the phony boom all these years, and it's not over yet. Gold and oil are going to $1500 and $150 respectively from continued devaluation of the dollar. It's not over yet. Your criticism of gold thus makes no sense at the end, because if you truly believe that gold only acts as a hedge against inflation, then you would accept its decline in price as reflective of the dollar regaining purchasing power, meaning you're not losing anything.

2. When you say that the US represents 25% of the world economy, what you are forgetting is that we are being subsidized by foreign credit and that our economy today is a borrow and spend economy that is literally spending its way to wealth. That makes no sense and is unsustainable, and if the world wakes up to this con and delinks from the dollar as they should, products that were once going to non-productive Americans are going to start going to the producers themselves in China and elsewhere. These are the countries that are driving the world economy right now, the producers, not us spending their lent wealth to buy their goods.

if inflation is calculated gold would have to be about $2200 per ounce to be at the 1980 high.
I agree with common sense being needed, but neither common sense or good information are really all that common.
I recently bought a suit for $100 dollars, it was made in China.
The comparison for gold, as I have heard it, was a "fine tailored suit and shoes", not the best deal you could find.
Gold was up 42% last year, and is up about 5% in the last month, it has not hit the type of run up that created the gold spike in 1980.
The sky did not fall in 1929, it was the beginning of a steady decline that got worse the more the government got involved.
With the exception of your opinion of gold and silver your advice is pretty good.

'I always think of all you canvassors and precinct leaders at the front line.
Good luck out there &Thank you. It's appreciated'.-fip -U.K

Very simply, there are a number of factors that you have left out of this equation:

1. As a mine owner I can tell you that Gold and Silver reserves are greatly falling. Today, silver production is less than it was in 1922 and gold production is down. The South African gold mines have reached a depth where many of the air tempetures are as high as 130 degrees. Miners can only mine for a very short period of time. The amount of gold recovered in these mines are rapidly falling. Tribal warfare takes place almost daily and dead miners are hidden within the hundreds of miles of old tunnels. Thieft has greatly increased. And, worse of all is that the HIV rate amount blacks in these African countries are running as high as 90%. Interestingly, French Scientists have located five different muttated types of the AIDs viruse in Africa. The one they worry about is the one transfered via a number of different flying, blood sucking insects. As a result, white European and North American Mining Engineers, Managers, Geologist and others will not work in these mines. Just note the shortage and the rapid increase in the price of Platium and Rhodium. Both part of Platium Group Materials have sky rocketed. These materials are primarily mined in South Africa and Russia. A short time ago gold was priced at $250 per once, Platium was $300 per once and Rhodium was approximately $450 per once. Today gold has shot up to over $900 per once, Platium is $2150 and Rhodium is around $9,000 per once. The one that is control by the Federal Reserve Bank is Gold and you can see how it has been held down in price. The demand for all of these raw materials is much higher than our ability to supply. Plus it is going to get a lot worse.

2. China wants to trade it's ever increasing $1.3 trillion dollar stock pile who's worth is dropping rapidly, for raw materials, especially gold. Right now China is like a stealth vaccum cleaner sucking up every once of gold and other raw material it can buy, through their many World Wide agents. They just hope that the IMF or anyone else puts tons of gold on the market, they will be first in line. China's plan in the future is to have a gold back currency. Then they will reach the level of Worlds greatest economy. They are purchasing stock in a number of corporation to aquire pattents and state-of-the-art knowledge but that process is too, slow and requires a lot of approvals and legal work.

3. The part that you left out is that yes, the price of gold and silver are moving higher throughout the World but most important for us is the fact that the dollar is falling in value of worth. It takes move dollars to buy fewer onces of gold or silver. Dr. Paul has pointed this out a number of times. So obviously as the dollar falls, the price of gold and silver per once increases. And, there is nothing in sight that is going to change that outcome.

4. The cost of mining has really shot up. Cost of mining equipment, fuel, machine cost and shortages, processing, environmental concerns, wages, insurance, spare parts, maintenance, drilling rig shortage are all up and no end in sight.

5. Many are not aware that most of the worlds mined gold is still with us but not in the case of silver. Silver is primarily an industrial material who's uses have expanded greatly just in the past ten years. Historically, the people of India have always favored silver over gold, primarily for its magical abilities. Many are not aware that silver kills well over 650 known pathogens upon contact. Silver has stopped many plaques in world history. Thats where "born with a silver spoon in their mouth comes from". Silver has been proven to stimulate regrowth of human tissue, cartoledge and nerve fiber, as well as saving a military veterans leg by stopping an infection that drugs could do. (Dr. Robert O. Becker, MD Research and book "The Body Electric" 1985). Silver water and air filters for hospitals greatly reduce gem transference. Military band aids now contain silver threads which expedite healing by three times. New silver impregnated counter tops will kill pathogens, including bacteria and viruses at hospitals, schools, restrauants, nursing homes and so on. The list is way to long to place it here. Note, that gold is being used in many new medical treatments, as is Rhodium and Platium.

with you advice, "don't bet the farm on it." Especially when you realize the cost of food is increasing tremendously since we are now growing corn for fuel. It is the end of cheap food.
The best thing people can learn to do is grow their own food. Now this may sound a bit off the wall, but my husband and I have also decreased our need for food by 1) eating 95% uncooked food (has more nutrients and fewer toxins) and 2) sungazing. www.solarhealing.com