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.

Italy top gold scrap buyer sees booming business

By Svetlana Kovalyova
MILAN | Wed Feb 1, 2012 1:49pm EST

(Reuters) - OroCash, Italy's biggest buyer of used gold jewelry, expects business to flourish this year with the opening of 150 new collection points in Italy and abroad as high gold prices and unfolding economic crisis prompt people to sell family assets.

http://www.reuters.com/article/2012/02/01/us-italy-gold-idUSTRE81020H20120201