To those who have watched the recent decline in the price of gold, silver, platinum, paladium and Dr. Copper, don’t worry about it, This is a buying opportunity, hop on the band wagon now. Fortune tellers are predicting $20,000 gold, $200 silver and more to follow. Don’t be alarmed though, with infation on target for 5% come the third quarter the FED will have no escape hatch other than to debase the once almighty dollar. This will not be a one-off affair, the G-7 nations will join the party because they too are in a fix. How did we get to this point in time? Printing money is the correct answer.

With the expectation that the interest on the National Debt will be approaching $1 trillion, an obsurd number to say the least, the U.S. will have succumbed to the pressure of debasement. When that happens, an ounce of gold will be north of $20,000, a run on Fort Knox will take place as citizens rush in with dollars to exchange them for gold.