Not Bad..................from Rico

While the Central Bankers like Benny of the Fed would have you believe their prettily-engraved paper slips are 'money' and that Gold and Silver are NOT money, people somehow do not quite agree (including the many Central Banks that are adding to their reserves of Gold).

After a couple days of orchestrated, unbacked-paper (naked shorting) 'raids' by the precious metal perma-shorts playing the markets, this mornings opening spot prices are NOT BAD for not being 'money' (bear in mind that while it is 'easy' to buy unbacked paper Gold or Silver, there is a shortage of physical Silver in the marketplace right now and the market price for 'physical' is running almost twice what the manipulated 'paper' spot price is on the COMEX/NYMEX...don't believe me? Try and buy a 1oz Silver Eagle at spot price, and you'll discover the asking price is easily double current spot.)

These screen captures show the early intraday for spot Gold at 1762.20 (it closed at 1357.55 one year ago today), and spot Silver at 34.83 (it closed at 24.85 one year ago today) and then consider the deflated.devalued position of the Greenback just from on eyear ago.

So, in a sense Benny is right...precious metals are NOT money, they are BETTER than money (well, at least his money).