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Gold & The Frightening Picture Of Our Financial Abyss


(Provided at the link) is a chart that shows the Adjusted Monetary Base. It is a frightening picture and representative of the financial abyss into which we are sinking. From the post-Paul Volcker Fed era, you can see that the base more than doubled from 1984 to 2009. In 2009, the increase in the monetary base was and remains dramatic and unprecedented.

It is clear that we are nowhere near the overvaluation of the 1980s. Given that there is no end in sight for increases in the monetary base, the financial potential energy contained in the current price of gold is extreme. Once that force is unleashed, the price of gold will rise in a dramatic fashion. The bottom line is the downside for gold is miniscule, and the upside is many times the current price.”

http://kingworldnews.com.._The_Frightening_Picture_Of_Our_Financial_Abyss.html

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