Loving the last line of this post from Jim Sinclair:
Coordinated Central Bank Actions For One More Kick Of The Can
Posted By Jim Sinclair On September 2, 2012 (8:31 pm) In General Editorial
My Dear Friends,
Monty Guild, a friend of mine for more than forty years, is the most honest and capable man, in my opinion, in money management.
I respect Monty’s feelings on many matters, certainly the macro picture. Monty, like I, believes it is possible that coordinated central bank actions in the USA, EU, Japan and China are being discussed. The economic problems are so severe, so international, so global, so entwined, so insoluble and still caused primarily by the greed of 1990 to present finance in the form of OTC derivatives that only coordinated global action can kick this can one more time.
Gold is truly going to and through $3500. The gold business is the best business to be in.
This what happens when the world's dominate empire debases their world's reserve currency. Society collapses as food prices escalate and the mercenary armies that keep the people in check go unpaid. Sound familiar?
The following chart shows grams of silver per denarius from 0 to 237 A.D., and per 1/2 denarius from 238-269 A.D. Source
While Germany is striving to make sure the Euro stays afloat, its old currency, the Deutschmark, is showing no signs of being discarded. RT's Peter Oliver has the details of Berlin's old school savings for a rainy day.