THE COMING CURRENCY BONFIRE: Gold Hits All Time Record High of $1,250 (Guest in Pacific Time)
As gold hit an all time record high of $1250, a growing number of economists are concerned that the United States of America may be headed down the same road as Rhodesia.
Rhodesia once was the bread basket of Africa, The “United States” of Africa, if you will. It was the most prosperous of African nations and among the nationals of the world. But after moving from a capitalist form of government to a Socialist government, and a name change to Zimbabwe, and financing all sorts of government programs it couldn’t afford, the once rich nation fell prey to runaway inflation. Today Zimbabwe’s inflation from its mounting debt is so rampant that it costs more than one TRILLION Zimbabwe dollars to buy a cup of coffee!
And the ‘canary in the coal mine’ in Zimbabwe or in any nation is gold. If gold starts to skyrocket, that nation’s currency may be headed to the bonfire.
On Tuesday, June 8, 2010, U.S. gold prices hit an all time high at $1,250/oz amid fear of a global currency collapse and overall escalating economic fears, in a trend that may send the U.S. dollar to the bottom of the world economic coal mine.
Author/Financial Analyst/CEO Craig R. Smith of Swiss America Trading Corporation is available to be your Talk Show guest to explain the dynamics of a dying dollar and how to protect the wealth of your listeners from the coming paper currency bonfire.
"Gold alone creates investor confidence. All other assets require confidence to establish their value, said Smith, adding, "The world is waking up to the reality that the solution to a global debt crisis is not creating more debt. The trillions of fresh debt are further eroding confidence in all currencies and in government stimulus and bailout plans, both in Europe and also in the U.S."
During your interview with Craig Smith, he is able to cite various sources who also are sounding the alarm about the dying dollar and escalating gold, including:
* TheStreet.com reports: "In times of financial turmoil and currency devaluation gold becomes the ultimate safe haven. A double digits rise in gold prices, like investors saw on Monday, represents a flood of fear in the markets. Fitch ratings agency said that the U.K. is up against a "formidable" task to cut its budget deficit, and the news spooked investors and pushed gold past its old high of $1,249/oz."
* Reuters says: "It is mainly the fear of another slide into recession which is seeing demand for gold as a safe haven," said Commerzbank analyst Daniel Briesemann. "Gold is currently rising in dollars and in euros. "There is a lack of confidence, given the uncoordinated measures against the sovereign debt crisis, which is obviously (affecting) both currencies."
Craig Smith explains: "Central banks worldwide are printing trillions in paper currency, trying to engineer a "soft landing" from the global recession. But this Herculean effort is destined to fail. Like a crippled Space Shuttle reentering Earth's atmosphere, if these banks create too much currency the world's economies will burn up from hyperinflation and/or crater from social disintegration."
"This blizzard of new paper currency will inevitably reduce the value of each dollar you have saved or will earn. There's no time to lose before a rush to the exits starts. Exploding national debt, unrestrained monetary policies and global currency devaluations may soon drive the price of everything sky high," warns Smith.
Concerned investors are seeking solid answers right now. And Mr. Smith has offered them for three decades. Recent media warnings about gold prices always seem to arrive right on cue: immediately following new nominal price highs. These gold bears said to forget gold at $500, $750, $1,000 and now $1,250/oz. They have called gold the new "bubble" at each new level and have been proven wrong each time.
As a guest on your show, Craig Smith would like to make available to your audience a FREE Swiss America 8-Page Special June 2010 Report titled, “5 Reasons why $1,200 gold is a better value than $600 gold,” examining the fundamentals of why gold prices are fairly valued today given the rising level of risk in the financial markets. Craig Smith covers these 5 key reasons...
1. GOLD: RISK VS. REWARD RATIO
2. GOLD: FILLS THE CONFIDENCE VOID
3. GOLD: PRICE REFLECTS FAIR VALUE
4. GOLD: NOW ACCEPTED AS MONEY
5. GOLD: HONEST MONEY, COINED FREEDOM
Special Report Download Link:
http://www.swissamerica.com/reports/20100607011224.pdf
Or get your free gold report just by calling 800-289-2646.
ABOUT YOUR EXPERT GUEST CRAIG R. SMITH
Craig R. Smith is an author, commentator and popular media guest because he instantly engages audiences with his common-sense analyses of local, national and global trends.
Serving as CEO of Swiss America for over 25 years, Craig understands that Americans want solid answers to the tough questions and that real leadership begins with servanthood.
Craig is the author Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil, which he co-authored with author Dr. Jerome R. Corsi.
Sample TV interviews conducted by Craig R. Smith may be viewed at:
http://craigrsmith.com/news.php