Two readers e-mailed me to ask me if the recent drops in the prices of gold and silver were “disconcerting” or if I planned to change my predictions on the metals market. My answer: NO, I consider the recent price drops as evidence of market manipulation in what is otherwise a long term bull market for the metals. Look at this drop as a buying opportunity. I have warned SurvivalBlog readers numerous times that there would be some scary pullbacks in the market. Market manipulation by The Power That Be works in the short term, but it cannot change the fundamental fact the precious metals are sound money, whereas the fiat paper currencies are doomed to inflation. The metals will triumph in the long run, and inevitably the un-backed paper currencies will find their rightful place in the dustbin of history.
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I spotted this linked at Drudge: Climate change ‘may put world at war’ [1] The article begins: “Climate change could cause global conflicts as large as the two world wars but lasting for centuries unless the problem is controlled, a leading defence think tank has warned.”
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New home sales plunge to lowest level in 16-1/2 years, prices drop by largest amount in 38 years [2]
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Martin in England sent this, confirming a letter recently posted in SurvivalBlog: Rationing of rice hits Britain’s Chinese and curry restaurants [3]