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Devaluation of Currency
June 21, 2010

Why is now the time to ''stay on the yellow brick road?''

Currency Devaluation

''We're now in the process of building one of the largest tops in stock market history.  The result, I think, will be the most disastrous bear market since the '30s, and maybe worse.

I think the key element behind this great bear market will be the complete destruction of all fiat currencies.  This has been a long time coming.  Fiat currencies are 'wealth' created by man.  They are created without sacrifice, without labor, without risk, and without sweat.  Basically they are an immoral device, created by secretive bankers.''

''My old friend, Bob Prechter, is talking about Dow 400.  I used to think this was an absurd joke.  I no longer think it's a joke.  The ultimate result will be a primary bear market shocking in duration and extent.

As for gold, its stellar performance goes on.  This in the face of ominous warnings of various worried experts.''

''The world (minus the US) is loading up with the yellow metal with banks running out of vault space.  The great 10-year primary bull market is moving into its 11th year.  The bull market in gold attests to the systematic decline in the value of the dollar compared with real money - gold.

One of the greatest modern traders, John Paulson, who made billions on the housing collapse, has, I understand, all his personal money in gold-related items.  Many of my subscribers have now built gold profits beyond anything they have ever achieved before.  I know at this point one could get itchy fingers thinking of the profits achievable by switching gold for fiat currency.  I warn subscribers, stay on the yellow brick road.  The big profits, the astounding profits, will accrue when gold finally bursts loose of its prejudices and freely expresses itself.

My advice now is to put as much of your money as you're comfortable with in bullion coins.  Remember the simple phrase that's been around through years of history --  'There’s no fever like gold fever.'  Fiat money is doomed.  Act on it.''

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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