On a personal note, most of you have noticed I have not been blogging much these past few months.  It is summertime and ‘sell in May and go away’ is still pretty true. However, lately it is much more than vacation time keeping the DGC folks from their usual predictions.

Since before Katrina, everyone I know has forecast much higher precious metals prices. From $325 to $550 to $800, $1000 and now we are around $1200. We were right, others were wrong. (I’m no genius, I was just along for the ride) But there is no gloating here, nobody wins. Those rich folks who own gold get richer and the little guy gets creamed by inflation and bad government action. Ben Berkanke may be dropping money from a chopper but he never flew over the neighborhoods my friends live in. Being ‘right’ and correctly predicting gold’s move doesn’t make us all smiles.

Digital gold protects value, savings and families. If you are one of the people who don’t own gold, if you have stock, bonds, money market funds you could now be headed into the abyss. Get some digital gold today, don’t buy overpriced coins from the Glen Beck show…buy digital gold currency from GoldMoney, Webmoney WMG, Bullionvault, Anglo Far-East Bullion, Pecunix or e-dinar. The forecast today— for gold priced in USD to move up past $5000 with a possible collapse in the global US Dollar. Don’t get burned again, don’t be hungry next year at this time… protect yourself.

Pat Heller is perhaps one of the smartest guys in the country/world when it comes to precious metals and I always read his information. Here is what Pat said this week:

Unfortunately, the current course of action in Washington, D.C., is the opposite of a hands-off approach. As we are seeing, the economy is not recovering. Instead, the economic problems are increasing and look to become even worse in the coming months…..

Personally, I’m of the opinion that the U.S. has passed the point of no return. I would love to be wrong, but I am trying to be realistic.  Whether I am right or wrong, though, the prices of gold and silver look to rise much higher than today. This does not make an ounce of gold or silver more valuable. Rather, it is simply a reflection of the coming fall in the value of the U.S. dollar. There is still time to take some precautions.

Patrick A. Heller owns Liberty Coin Service in Lansing, Mich., and writes “Liberty’s Outlook,” the company’s monthly newsletter on rare coins and precious metals subjects. Past newsletter issues can be viewed at www.libertycoinservice.com. Other commentaries are available at Coin Update (www.coinupdate.com) and Financial Sense University (www.financialsense.com).

Source: http://www.numismaster.com…