Central banks & governments have clearly made the choice to paper-over their debts instead of facing their fiscal problems head-on. This action will guarantee printing presses world-wide, to run non-stop. Global debt is already at $1.5 quadrillion dollars. Gold and silver are poised to shoot to the moon.

Globally, politicians and central bankers are taking the path of least resistance, choosing to paper-over national debts thus assuring the creation of a world-wide debt bubble of biblical proportions. The world is simply drowning in its own debt. Spain’s bond rates went back above 7.5 percent. Currently global debt totals about $150 trillion, however once you add the dependencies from governments such as various liabilities, both funded and unfunded along with pension funds you can crank this figure upwards to $500 trillion.

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Over the past five years gold has succeeded to outperform the S&P by a long shot. The biggest reason for S&P's decline in value, measured by it's worth in currency or dollars is because the green back itself is not real money.

It's important to note, smart people have been collecting gold. Regardless if these people have collected gold for the long-term or are just now starting. These investors all have the same philosophy. Hang on to your gold, keep collecting it and do not sell an ounce. Because at some point gold's value will exceed rising inflation and save you. What the government has done of course in its attempts to shore up falling home prices within American is actually destroying the dollar and increasing gold's value…

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