Turning Hard Times Into Good Times

When gold was below $500/oz. Fed Chairman Alan Greenspan twice said, “Central banks stand ready to lease gold, should the price begin to rise.” That became known as the “Greenspan call.” Greenspan was essentially telling the world that governments would suppress the price of gold and as evidenced by the brilliant work of GATA (www.Gata.org) the Fed did suppress the price of gold for quite a few years and is still capping it. However, now with the price of gold over $1,000 the world is becoming increasingly disturbed by a dollar of which endless amounts are being created out of thin air. Special guest Trace Mayer will explain how, with growing credit problems only temporarily suppressed, “Greenspan’s call” is becoming “Beijing’s put.” Trace will give us a gold price projection or two and he will also provides some advice on how you can best protect yourself against what he thinks will be an extremely difficult economic environment going forward.