Tuesday, October 6

Dollar down even more

Today we saw a huge jump in the price of Gold American Eagles. Fifteen years ago you could buy one of these for about $250. Most people think gold is going up. Wrong. The dollar is going down. I am wondering when to pull out of the stock market before it’s too late.

I finished reading Ron Paul’s book, End the Fed, and he made some indisputably true points about our “money.” The dollar put away 100 years ago is now worth about a nickel. That’s not good, and is getting much worse very rapidly. Just today the Saudis met with China, Japan and a few European countries and got their support to eliminate dollar pricing for oil. Maybe we can convince them to accept California IOUs in payment.

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