Read this again and again and despite the huge manipulation I am talking about all the time on this blog: Keep smiling... You are right, they are wrong!
Dear CIGAs,
Twelve hours after departing JFK you arrive at one of the best airports in the world. A layover in Dubai is an experience and a pleasure. This is one of the busiest airports when it comes to gold bullion purchases. Already at 9 AM the counters are busy. This major point of Middle Eastern travel clearly respects gold as money and does not seem to be bothered by the madness of the currency markets now under control of the algorithm driven hedge funds and the financial anarchists that have sown the seeds of disaster amongst all the Western world economies.
Looking back from where I came today it is hard to distinguish between the problems of the EU and the percolating US dollar situation. The USA is an economic and political union under severe economic stress.
There is no question that the bankruptcy of US states is a much larger problem than Greece, Italy, Spain, and Portugal all put together.
USA investors still feel that their country and currency is invulnerable to the problems presently facing the EU.
Quite to the contrary and within a sort period of time it will be evident that the USA and GB have an incurable debt problem of greater significance than the EU.
The US dollar is no safe haven. In fact there is no safe haven in any currency as they are all paper instruments with promises to pay absolutely nothing whatsoever. All have huge liabilities attached
In North America it is still the Canadian dollar and in Europe it is the Swiss franc which are the respective fiat currencies of choice.
Gold is the only currency free of liability. Gold is the ultimate currency that will carry you across this Sea of Samsara.
Gold will trade at $1650 and above. About that I have no doubt.
If you recall back at $529.40 my advice was to cease trading gold. It was at that point the price had entered into a runaway. That advice remains intact.
http://jsmineset.com/Hubert