AuCanary GoldWisdom

For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.

Marc Faber: Gold a possible canary in the deflation coalmine

Here’s what Marc Faber, editor of Gloom Boom Doom report told MarketWatch in an email.

“Maybe gold is signaling a deflationary collapse of all asset prices. If this were indeed the case I suppose I would rather own gold than government bonds, high yield bonds and equities. If this scenario were to pass it would lead to even more money printing around the world,” says Faber, who was talking about asset price deflation and gold back in March.

Full story: http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-32893/