the taxi driver is talking about - gold, page-3

Actually it's not a bad sign I don't think.

He said he didn't own any gold in any case.

The bottom line is that there seems to be no way that the Euro, Yen and especially the dollar can be saved.

That being the case it is almost certain that the feds will try to print their way out of this with more abandon as time goes on.

What does this mean?

Ludwig Von Mises has written on this extensively. In short we will see, at some point I think in the next 5 or so years, the crack up boom where people will want to get rid of currency for anything at any price as it becomes more worthless. Gold ans Silver will be near the top of this list. It is in this stage that it will be time to sell.

What price will this be? Who knows. I am thinking maybe a price that will allow the US to settle it's visible national debt in gold. That would be about 4000 dollars per ounce per trillion dollars of debt.

But only time will tell.