I focused on this paragraph from April 2008 and we all know what has happened since then:

The government’s finances not only are out of control, but the actual deficit is not containable. Put into perspective, if the government were to raise taxes so as to seize 100% of all wages, salaries and corporate profits, it still would be showing an annual deficit using GAAP accounting on a consistent basis. In like manner, given current revenues, if it stopped spending every penny (including defense and homeland security) other than for Social Security and Medicare obligations, the government still would be showing an annual deficit.

So buying gold and silver does look like the safehaven play to me also.

I hope the Chav figures the Venezuelan gold situation out and/or we have a permit or an arbitration settlement before the hyperinflation.

It seems that the spending packages have given everyone a little more time to move currency (those not backed by gold) into physical holdings, but how much time is left? Who knows?