Thursday, October 22, 2009

Is This the Final Blast Off?

David Morgan recently wrote an article for;

"At this point, I am a little reluctant to state this is the final blast-off and that we will not see gold below US$1,000 ever again."

"Almost anyone paying attention knows the dollar has lost over 95 percent of its value."

"Bank failures continue: the FDIC is broke and the balance sheets of many are of grave concern to investors.

"Real estate problems are far from over, in our view."

"Social Security is simply a wealth-transfer scheme and I have written about it in the past. With tax revenues down, funding of this program and hundreds of other government obligations can only be funded by more borrowing—but from whom?"

This full article that David Morgan recently wrote can be viewed here.