I kind of liked this little anecdote from Bill H.

The news is spreading!

To all; I played golf this morning with a German citizen who spends half the year here in Costa Rica. I hadn't seen him since last Wed. and he came running up to the first tee telling me "you'll never guess what I read over the weekend". He went on to tell me that he gets e-mail's from a German news service regularly and on Friday or Saturday he received one titled "The biggest fraud in history!". Yes you guessed it, the e-mail was about how "paper" Gold has been sold 10 times over the amount of physical Gold held, in other words "fractional reserve Gold". He was more excited and agitated than I've ever seen him in 3+ years over this news.

I then went on to explain that the number "10-1" is grossly understated but the basic premise was correct. He then said "can you imagine what's going to happen when people find out about this?". I told him "they are finding out and you are proof of it!". Then he wondered how long it would take for people with "Gold receipts" to begin asking for delivery and speculated that Gold could even go to $3,000-4,000 per ounce! I chuckled and said how about $30-40,000, or even $3-4 million per ounce and gave him my thoughts on why one cannot speculate on a Dollar Gold price without knowing ALL of the variables.

He told me he always thought I was "a little over the top" but now he understood what I've been trying to tell him because "a very real and respected news source" confirmed to him my past rantings. "I knew Gold had performed well but I thought you were just lucky" he said. Then he wanted to know how I knew. The point here is that the "beans" are being spilled and the entire world IS figuring it out, and rapidly! The CFTC meeting last week and the "whistleblower news" does seem to have been a watershed event even though "us Gold soldiers" didn't believe it possible! We have ridden through the streets like Paul Revere warning of a "Gold default" and financial collapse until we were blue in the face and no matter what hard proof or anecdotal evidence we had, it just never mattered. Well, you know the old saying "it doesn't matter until it matters", I think it is staring to "matter"!

To me this is very exciting news because my friend Alex is what I would call a mainstream investor. Three years ago he would just smile and nod when we talked business. The thought of purchasing Gold was "too far out there", now he smells blood in the water! This is going on all over the world on a daily basis and is gaining velocity each day. Obviously there is no way to know when the top blows off the pot and the Gold panic begins but we do know that the day is approaching quickly and gaining momentum each time the Sun rises!.

I have linked a highlight from the 1981 movie "Rollover" for your viewing. I had not watched this movie in years, when I came across this snippet, the hair on the back of neck stood up! What WAS truly a possibility back in the late 70's and early 80's is now a mathematical certainty because the U.S. no longer has the ability to "leverage up" and inflate again. The bullets have already been spent and the final "bubble" in the current fiat experiment WILL be Gold and Silver. As I have said on numerous occasions, "all perceived paper wealth will in the end accrue to the precious metals sector where they belonged in the first place". The greatest transfer of wealth in the history of history is upon us and it will be for ALL the wealth. The question is, will you be a donor or a receiver? Regards, Bill H.