int monetary system’s breakdown is underway

on top of the rumours re the bank stress tests in the US (see Buffet post #: 3963571)....

the GlobalEurope Anticipation Bulletin http://www.leap2020.eu/English_r25.html

is now predicting US defaults by the end of their summer (following the total failure of the G20)........

and now they are also questioning what is going on with the POG........

"Price of gold: the paradox is revealed
All over the planet we are witnessing for months a paradoxical phenomenon which the press has widely echoed: because of the crisis, investors fled most categories of assets (real estate, stock market, currencies, commodities ...) and many of them have invested a portion of their portfolio in gold, even causing shortages of coins or bullions in many markets. Yet, and this is the paradox, the price of gold is not taking off from a medium rate of 900 USD / ounce… "

this may be a good time for a revisit of Alf Fields commentary's, starting with this one.......

http://www.gold-eagle.com/editorials_08/field041809.html

the inevitable is approaching fast........