Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the … - Peter Schiff

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When I was 18, I went to a Baptist church with my girlfriend, and had a breakthrough when a pastor laid hands on me on an altar call. I wept that evening and realized how numb I had become with God and how He was calling to me for restoration. I received that blessing and went on to raising my three children in a Lutheran Church in the Bay Area as a member of Journey.

Peter Schiff

Gold has intrinsic value. The problem with the dollar is it has no intrinsic value. And if the Federal Reserve is going to spend trillions of them to buy up all these bad mortgages and all other kinds of bad debt, the dollar is going to lose all of its value. Gold will store its value, and you'll always be able to buy more food with your gold.

Debt, Dollars, Food, Gold, Kinds, Problem

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A federal bailout would spare California from having to make spending cuts needed to bring its budget into balance. The matter has become urgent since California voters rejected several tax-hiking ballot initiatives. Rather than taking the vote as a signal to dramatically curtail spending, the state turned to the feds. If they get a free pass, the politicians can avoid fixing any of their past mistakes or preparing California for the future.

Cuts, Cutting, Initiatives, Matter, Mistake, Past

The real bubble in China is in US Treasuries, in US dollars.

Bubble, China, Dollars, Real

Printing money is merely taxation in another form.

Money, Printing, Printing Money, Taxation

Central banks are choosing to increase their gold holdings as a percentage of total reserves. They obviously think there is a reason to do that. It doesn't make sense to back up one currency with a hoard of other paper currencies. There needs to be a real anchor there. I think that central banks are well behind the curve. If you look at the percentage of above-ground gold controlled by central banks, it's historically low. Hence the fact that central banks are trying to increase their holdings. They've got a long way to go to get where they need to be.

Currencies, Historically, Long, Make, Real, Thinking

Well, I don't like the UK. I haven't ever been a fan of the pound (sterling), and even though they are taking some steps in the right direction - more so than the US - in addressing some of their problems, I still think they're doing it much too slowly. So, I think that the pound will continue to lose value relative to some of these other currencies. I ultimately expect the pound to rise against the dollar, but that's not the best way to take advantage of dollar weakness.

Against, Lose, Pounds, Steps, Thinking, Ultimately