Laurence Hunt's Blog: $1000 Gold: No Longer Available (Coming Soon)

Thursday, September 03, 2009

$1000 Gold: No Longer Available (Coming Soon)

2 September 2009

OK. We're not there yet. Gold closed at $978.80 US today.

But gold has been pushing up against the $1000 level for 1-1/2 years now.

It's going to be looking at the other side of $1000 in the very near future.

Gold at $1000 per ounce is going to look like quite a bargain - and very soon.

Think about gold for less than $1000 per ounce - while you still can.
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US Federal Debt Meter

December 7, 2010: The current official amount of US Federal debt below, now near $14 trillion, is up over 50% from the $9 trillion figure that I first posted here in mid-2008. Consider this - if interest rates return to a very normal 8% level, then the US will soon be obligated to allocate over $1 trillion per year in interest payments, and the amount can only rise after that point, as this sum is already non-repayable. To add insult to injury, according to John Williams at ShadowStats, the official estimates account for less than 20% of the actual GAAP amount. That is, the clock below should now be showing a real figure over $71 trillion, about $230,000 for every American man, woman and child....

Gross National Debt

Or, click here for US National Debt Clock (uses somewhat different figures). Click here for the Canadian debt clock.