Gold at All Time High May Be Warning Sign

Greg Hunter

Gold hit another all-time high yesterday!  According to gold website,“. . . investors continue to seek out the precious yellow metal as a safe-haven asset amid heightened financial, economic and geopolitical uncertainty. One market watcher in a wire service report summed up nicely gold’s recent price action, saying “it’s a warm blanket on a cold day.” August Comex gold closed up $4.80 an ounce at $1,245.60 after hitting a new high of $1,254.50 in early trading.”   

For gold investors, it was a gratifying event.  For everybody else, it should be considered a warning sign that all is not well in the financial world.  A wicked storm is blowing our way.  What is triggering gold’s record rise?  I’ll sum it up in just one little four letter word—DEBT, and lots of it.  It seems you can find it everywhere these days.  Debt has soured the banking system, but it is kept hidden with government sanctioned accounting fraud.  The consumer is loaded with debt and is tapped out.  Entire governments are on the brink of insolvency; just take a look at Europe.  The biggest ball of debt is possessed by our very own Uncle Sam.  Yesterday, Reuters reported, “The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.” (Click here for the complete Reuters story.)
Let’s just let that sink in for a moment.  The debt clock just tripped a cool $13 trillion, and we are going to tack on another $600 billion by the end of the year.  Wow! I can’t believe I am still hearing that gold is in a bubble from the wonks on financial TV.  We are in deep trouble folks, and gold is trying to slap us in the face to wake us up!   Gold is not a commodity; it is money.  Just ask the folks in Greece, who will probably be leaving the European Monetary System, if they would like to hold gold instead of the Greek Drachma?

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3 Comments on "Gold at All Time High May Be Warning Sign"

  1. y3shuA imMANu3l | September 27, 2016 at 1:42 pm | Reply

    ”Man is essentially a permanent and immortal principle; only his bodies pass through the cycle of birth and death. The immortal is the reality; the mortal is the unreality. During each period of earth life, reality thus dwells in unreality, to be liberated from it temporarily by death and permanently by illumination.”

  2. y3shuA imMANu3l | September 27, 2016 at 1:50 pm | Reply

    “The darker the night,
    the brighter the stars,
    The deeper the grief,
    the closer is God!”
    “Give me the Love that leads the way
    The Faith that nothing can dismay
    The Hope no disappointments tire
    The Passion that’ll burn like fire
    Let me not sink to be a clod
    Make me Thy fuel, Flame of God”

  3. y3shuA imMANu3l | September 27, 2016 at 1:51 pm | Reply

    Jeremiah 31:33
    “This is the covenant I will make with the people of Israel
    after that time,” declares the Lord.
    “I will put my law in their minds
    and write it on their hearts.
    I will be their God,
    and they will be my people.”

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