Last Updated on Monday, 13 April 2009 20:30 Saturday, 11 April 2009 23:16

An oz after a long slumber and it is still one of the worlds best bargains. Every day it starts to become more obvious that stocks, bonds, and property in America and nearly all the Anglo-Saxon world are held up on borrowed cash and borrowed time. In the last half 2005 alone, US How is this possible? By borrowing naturally. They suspected they might become loaded by buying and selling each other's houses at inflated costs and then borrowing against it. Well, putting on the dog and out doing the Jones' was fun although it lasted.

However, if you can still find a larger fool, now is the time to sell and find a pleasant inexpensive rental accommodation, or buy one of the fast growing heavily depreciated repos now on the market, and invest the rest in gold. As a result house sticker costs kept going up and up in most cities, whilst in fact the true worth has truly been going down. What's true worth you say? Remember, world economies have been off the gold standard now for over 35 years, ever since hard Dick Nixon unpegged the US $ from gold as a technique of surreptitiously exciting a sagging economy of the time. Sticking to the Gold Standard, the channel of exchange backed by gold, forced glad-handers and bankers to be responsible.

Cash today isn't based often on anything visible or of inbuilt cost. It's only a suspected fungible worth at whatever level skittish merchants and backers say it is.

One clue of approaching doom is the confirmed fact that each fool with greediness in his heart can now trade currencies on the Internet. Like any expanding bubble, there comes a point where it can expand no more, and the successive resizing is shockingly fast. When push comes to coerce, paper and electronic blips will not cut it. As the old proverb goes, BS walks, and the age old measure of real price called Gold, will be what talks. If you played this oneupmanship property game with your mates and fellow citizens, your house is worth a load less than you know. Truthfully , your house is losing price daily as you can now realize. If it becomes page 1 news, it will be too late. All the bigger fools will have just been fooled with no-one left to bail you out. Sadly, it will not be just the nouveau rich who will feel the pain. Their shortsighted greediness, galvanized by unfair appraisers banks and politicos, will bring down the rest of the economy as well, precipitating the passing of many types of paper assets. US voters especially now owe much more money to much more folks than can ever be paid back.

They have bigger houses, newer cars, more electronic gadgetry and a puffed up viewpoint to go with it.

But they also have more bills to pay and no more money to pay them with. Much the same eventuality as their regime that alleges to point.

Central authority has borrowed more cash from foreigners in the last eight years than all previous administrations since the time of George Washington. In this US administration, the Feds have borrowed more than $1.05 trillion from foreign central authorities and banks. This is more than all what's left of the state's administrations assembled from 1776 to 2k. Oh, the expenses of empire building and the waging of patriotic wars to free people so they can be more like us. The firms that make the most money today are those that shuffle money - not those that make things people wish to purchase. And across the entire society, everybody takes part in what has become an orgy of swindle and delusion. The proponents of this indecision call it salesmanship. Not worth or substance, but mindless triviality, delusion or fake expectancies.

At worst, psychological manipulation to form flighty need, leaving the weak minded and uncontrolled open to wild robbery. Just add up how much interest you are paying on your auto, your place, your mastercards and the rest you have been inspired to believe is compulsory for a successful life.

The barbarians are at your entrance and benefiting mightily from your works. The chant of the private sector thru its advertising is 'get it while you can' irrespective of the definite fact this angle is crushing the hopes and wants of the subsequent generation. Previous generations attempted to leave the world a better place then they found it for their offspring. Now, the young and the unborn are laden with an insurmountable mountain of debt and who cares. I have mine you assert but do you, when the sham unravels? What are you intending to do who are you going to call? Be prepared for painful dislocation and introspection. It should be the minority of savvy and erudite speculators who pause to take spot the emperor has no garments. It is going to be the shrewd who shed themselves of the enticing burdens they have amassed and put at least some of what's still marketable into gold.

It should be the shrewd and brave who have the resources in the form of universally accepted coin, gold, to live pretty well in the shakeout and to pick up the bargains for literally pennies on the buck when the storm at last passes.

The reality is, the majority of us with no regard for how well meaning or educated, fail to gain from the guidance of History. They are going through life with blinders on content with petty self-interest. These are among the explanations why gold is going to go up more, without doubt, a lot more.

Owning gold bullion or gold coins is decidedly a satisfied thought.