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Re: MWM post# 138

Thursday, 06/02/2011 2:39:03 PM

Thursday, June 02, 2011 2:39:03 PM

Post# of 282
AFTER THE DOLLAR: WHAT COMES NEXT?
THE SIMPLEST ANSWER IS OFTEN THE BEST;


As J.P. Morgan famously said to Congress in 1913,
"gold is money and nothing else."

Morgan meant that gold was unmatched in its effectiveness
as a store of value and medium of exchange.

Given that his namesake bank started accepting physical gold
bullion this past February as counterparty collateral, why
should the trend of a widespread return to gold be considered
only a remote possibility?
On the contrary, it should be expected - if for no other reason
than every other currency is fundamentally dismal.

Markets are powerful things, and require a reliable medium
of exchange.

The call for sound money is not just philosophical;
it is derived from the market itself.

Throughout human history, merchants have always turned to pure
gold and silver over every pretender.

This is not the first experiment in a paper money system,
nor is it the first widespread debasement of money.

In fact, the lessons of history were impressed upon our well-read

Founding Fathers to the point that they included the following
clear language in the Constitution:

"No state shall... make any Thing but gold and silver Coin

a Tender in Payment of Debts."


While it has always been possible that another fiat currency
would rise up to take the dollar's place, and thereby keep
this irrational experiment in valueless currency going awhile
longer, the particular circumstances that abound today
make it seem less and less likely to me.

NOTE,
I'm seeing signs that the world is moving back to gold
and silver at a breakneck speed -

This is a return to normal and has many positive implications
for the global economy -

It's certainly a trend we can all welcome, and profit from.
smile


Fast down - fast UP smile
ST - short term banksters manipulations -
mirror reflextions smile often makes great -
bargain opportunities smile

Silver 2nd LT wave bull started smile the LT long term trend is my friend smile



Great Panther Silver, Ltd. (GPL:AMEX - TSE:GPR smile

http://www.greatpanther.tv/



GPL Silver - Gold - fiatUS$ -

Featured is the daily silver chart.
The green arrow accentuates the rising trend.
The RSI and MACD are turning positive from oversold levels
(green lines).

The important thing is to study the fundamentals, keep your
eye on your end goal, and avoid being influenced by the
'top pickers'.

Keiser Report:

http://maxkeiser.com/





God Bless


My opinions are my own and and DD I post should be confirmed as unbiased