If true, this will be astonishingly good for gold. but based on the loud colors and goofy appearance of his website, I put little credibility in this report. He may be a name, but not in my book.
Overall, however, the economic crisis is tilting over the edge of yet another cliff, like a car that has rolled over a bank and up against a little tree, the only thing stopping the passengers from plummeting to the chasm below. The roots of the tree are snapping (back into recession in Japan, China, India, Europe) and the tree is groaning (US) as it begins to let go.
If I were a passenger in that vehicle (I am) I would be getting out the window as fast as I can, with my life!
Yikes, things look bad out there today. If we enter a real depression, and with cash of no valu, my bet is still on gold and silver.
GS.