Grab Some Coffee and Check It

Grab some coffee and look at this graph, its very telling. Perhaps THE BEST GRAPH of whether gold is cheap or expensive.  You decide if there is HUGE upside potential for this precious metal to protect your savings against the ravages of inflation.  Compliments to the fine folks at international French bank, Societe Generale. 

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Notice above the green asterick, the little dip in the red line at the end of the graph.  And  SEE THIS, BELIEVE THIS. That from 2008 through 2011 gold has risen 94%, yet the amount of our currency backed by gold has not doubled as well, but fallen! And fallen by half!!

I will leave it to you dear reader to compute the necessary amount of inflation and money printing to achieve this confiscatory feat!  

Hint: our Federal Reserve is giving Weimar Germany a run for their money. Protect yourselves! Get hard assets. Not paper, not cash, not casino chips, not stocks, not Certificates of Deposit. No, the real deal shiny stuff.  More later, if the Lord is willing. Matt