Diary

Are You a Ron Paul Supporter? Let's Talk About the Price of Gold

As of Tuesday morning, gold is trading about $797/ounce, down from a high of $1,037 several months ago. Oil traded below $105.50/barrel earlier today, and I stand by my often-made prediction that oil will fall below $100, and possibly well below $100. The US dollar has strengthened to less than $1.45 against the euro. Now if you’re one of the people who support a certain non-mainstream Presidential candidate, are constantly howling about the evils of fractional-reserve banking, and want nothing more than to legally engage in private transactions using gold, silver, euros, barter, wampum, or anything but US dollars, here’s my question for you: Are you wanting to slit your wrists right now? Or are you going to be lashing out like a caged animal?