GOLD'S NEW RECORDS FROM GOLDMONEY

BE SURE TO READ THE ENTIRE ARTICLE AS WELL AS LOOK AT THE CHARTS. http://goldmoney.com/en/commentary.php#current EXCERPT: At this time of "unlimited" dollar creation we need to take to heart the words of Warren Buffett's father, Howard Buffett, while serving as a Congressman from Omaha. In a now famous speech in 1947, Rep. Howard Buffett said: "When the people's right to restrain public spending by demanding gold coin was taken away from them, the automatic flow of strength from the grass-roots to enforce economy in Washington was disconnected...The gold standard acted as a silent watchdog to prevent unlimited public spending." http://www.financialsense.com/editorials/turk/2008/0922.html The gold standard is long gone so it no longer acts as a "silent watchdog to prevent unlimited public spending". Because it is no longer prevented, unlimited public spending is what we are now getting. In addition to the countless ways the federal government spends - or wastes, as many would no doubt add - the dollars flowing through its accounts, it is now spending unlimited dollars to bail out banks worldwide, a reality which I think makes clear the dollar's bleak future.