The U.S. Dollar Vs. The Price of Gold

Everytime I am asked to go on one of the main stream media venues to talk about the precious metals, they always have an anti-gold, anti-commodity person on board to bash whatever I say.

On one of the recent shows they asked me if I wanted to use any charts to explain my position.

I said, yes, I would like to use the US Dollar Index chart of the last ten years. As you may guess, they didn't want any part of showing this pathetic chart, it just reveals too much shocking truth for the establishment to handle.

But here it is, the ten year chart of the US Dollar Index:

It shows a stomach turning fall that starts back in 2001 and represents a 40% drop in the value of a buck against a basket of six major world currencies during this time.

The future of the dollar against other world currencies is even more dismal and the main thrust for much higher gold prices.

How many times have we heard the main stream media in the past ten years try to talk up the dollar? It's a complete joke and obviously has not worked. The same can be said about gold. How many times have we heard this crowd tell us gold is not going higher? A Bazillion times in the past seven years, and they have been wrong on every occasion. And do they ever acknowledge this fact? NEVER!

Regardless of how the PTB (Powers That Be) want to spin their webs of deceit, the one thing that tells the truth is the price of gold as priced in terms of a U.S. Dollar. The truth they can't avoid at this point is that gold is going higher and the dollar is going much lower.

Which brings me to another great quote attributed to the German philosopher Arthur Schopenhauer:

"All truth passes through three stages. First it is ridiculed. Second it is violently opposed. And third it is accepted as being self-evident."

With regards to the truth about where the gold price is heading, it looks to me like society is now deeply entrenched in stage two. Unfortunately, the coming financial shockwaves that will bring the world to stage three will be devastating.

Good Investing,