"Do you remember what happened back in 2008? The price of oil hit a record high in June and then the entire financial system came unglued just a few months later."
April 7, 2011
The Economic Collapse
The following is one statement that you should get used to seeing: "The price of gold set another record today." Today, spot gold reached a new all-time record of $1461.91 an ounce before settling back a little bit. Silver is also skyrocketing. At one point today silver hit $39.75 an ounce. It seems inevitable that at some point we are going to be talking about $50 silver. The price of oil is also continuing to relentlessly march upwards. At last check U.S. oil was at about $108 a barrel. All of this is great news for those that are investing in gold, silver and oil, but all of this is also really bad news for the U.S. economy. Why? Well, because when these commodities go up in price it is a sign that the U.S. dollar is dying and that our country is getting closer to economic collapse. Read More