Servias Ministries Blog

We have written much about the importance of gold & silver as stores of value.  Now, officials in the G20 have figured out that Germany’s gold reserves could help the European crisis but Germany says “No Deal”.  What this reply tells us is that gold reserves are now in the official discussions to resolve the sovereign debt crisis.  It looks like fiat currency is taking a back seat to the real store of value.  This is bullish for gold and silver prices as more people realize that the issuance of paper money will not fix anything but will only make commodity prices go higher.  See: http://globaleconomicanalysis.blogspot.com/2011/11/in-act-of-desperation-g20-asks-germany.html

Those in power will attempt to keep the price of gold and silver at bay in the short term.  However, I expect extreme volatility and a general move upward.  Don’t let the wild swings scare you.

We just returned from over two weeks Down Under and lived among the Aussies.  People are fundamentally the same everywhere.  Families love their kids and watch over them.  People are friendly and helpful.  The prices in Australia were notably higher than the U.S.  They pay about $6 per gallon for gasoline and $3.80 for a cup of “flat white” (coffee with crème).  The land is beautiful but I failed to see one dingo except at the zoo (dang it).

The U.S. news is well integrated into their daily coverage but they are more internationally oriented whereas the American coverage is U.S. concentric.  Gold & silver continue their volatile rise and oil is being pulled to $100 per barrel.  The statistics continue to misrepresent what is truly happening in our great country.  Europe’s problems will have an adverse effect here in the U.S.  They will be forced to print more money as the Fed has to deal with our problems.  Unfortunately, that is not a good long term solution.

While I was away, Oklahoma had a record earthquake of 5.6 with a couple of others of less magnitude before and after.  Could I end up with beachfront property after all?   On the USGS’ “Latest Earthquakes M3.0+ in the USA – Past 7 days”, Oklahoma is well represented.  That is not a reputation that I want to see connected to this state.  Since a major fault line does not run underneath the area, I suspect the experts are scratching their heads.  In the past I have seen pictures from visions of an “island based” U.S.  Only Our Heavenly Father knows!