IT'S FINANCIAL CHECK MATE FOLKS!!

Don't wait for prices to drop anytime soon. Gold, silver, and Platinum will continue to rise. The reason, the FED is in financial check mate. They lower interest rates in an attempt to save the US economy from the credit crisis and the declining housing market. The problem is first that creates inflationary pressure which is the catalyst for the precious metal market. Second lowering interest rates while other countries are raising interest rate has devalued the US dollar to new lows. The US dollar is now only worth about 93c to the Canadian dollar. Just six months ago the US dollar was worth about $1.20 to the Canadian dollar. So if the FED continues to lower interest rates we will be pounded with inflation and declining net worth. If the FED seeks to raise interest rates to ease inflation and the pressure the US dollar is under, the US economy is sure set for a recession if not a full blown depression. Too much debt out there. Individual consumer debt has risen $1 trillion dollars a year for the last 5 years. That's a staggering $5 trillion. With job loss, declining housing, credit problems - don't look for a decline in gold anytime soon.