Comments made today by Martin Armstrong:

Any analysis MUST be practical and worldly. If it is not, it will be worthless. No matter what model you use, if there is simply a domestic perspective it will fail. If there is a further isolated perspective in one market only – it will really fail.

For years, people have been touting nothing but gold as the hedge against hyperinflation as if that was actually arriving on the next train. Then they have said they are Contrarian investors, but in fact, this is the same stuff spouted out following the 1980 high when they swore new high(s) would be made any day now. Unfortunately, way too many people have bought this nonsense and they seem to just take the same rantings for every commodity bull cycle and prognosticate the future ignoring any decline for 19 years in the past.

True, the Goldbug press loved to interview me until I said gold would drop to $1,000. After that, they stopped calling for interviews demonstrating that they too are anti-free press and only seek to air those who will preach the same nonsense. When gold fell, their forecasts jumped even higher with some then saying no $30,000 was not high enough it would not go to $50,000. Then anything that takes place is always a conspiracy against only gold.

Gold is NOT ready for prime time. The average person on the street remains clueless that there is even a debt problem. They watch sports and can tell you names of players but not even the name of their own Congressman. Until that changes, the REALpurpose of gold as a hedge against government will not come into play.