Smart Money Stampede

The Smart Money Stampede Out of the
Dollar Has Already Begun

The Dow may once again fall to a
1:1 ratio with the gold price.

If you've already heard a little voice in your head warning you that Wall Street paper assets are highly manipulated certificates of financial folly, you got this letter just in time. While rampant money creation may force the DOW upward in nominal terms, the DOW index itself has been collapsing against the value of hard assets for some time.

For example, it currently takes barely 8 ounces of gold to buy a share of the DOW industrials. Yet as recently as 1999, it took 44.8 ounces of gold to buy a DOW share – that's a whopping 80% crash in the real value of the DOW.

The money magicians in Washington can fool millions of investors in the short-term, true. But they can't fool those who measure their wealth in terms of precious metals, which retain their value over time. Gold is the mortal enemy of big government borrow-and-spenders. When the gold price shoots up, it signals to the world that the currency upon which government Ponzi finances operate is losing value.

For five years now, my Independent Living newsletter has discreetly advised my subscribers to accumulate physical precious metals. The investor flight to precious metals I predicted would occur (back when gold was quietly trading in the $400s) has, since the onset of the financial crash of 2008, been global in scope and has resulted in physical gold and silver flying off the shelves everywhere.