Thursday, January 27, 2011

Obama Fails to Address Inflation in State of the Union

CREDIT TO FLARPH FOR THE LINK:
http://www.prnewswire.com/news-releases/obama-fails-to-address-inflation-in-state-of-the-union-114639374.html

"One thing from last night's State of the Union address is very clear, Obama is not serious about cutting spending and nobody in Washington has any expectation of the U.S. ever returning to a balanced budget. NIA believes that this past week's dip in the prices of gold and silver is an unbelievable buying opportunity for Americans who already own precious metals as well as those wishing to buy precious metals for the first time. Sure, both gold and silver could dip lower in the short-term, but we can't try to time short-term fluctuations and we need to stay focused on the long-term destruction of the U.S. dollar. In future State of the Union addresses to come in another year or two down the road, the entire focus of the President's speech will likely be on inflation and the collapsing U.S. dollar. When that time comes and mainstream America becomes aware of what NIA members have known for years, we could easily see $5,000 per ounce gold and $500 per ounce silver, and everybody will regret not loading up as much as possible at these levels."

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