Gold to $3000 - Silver to $40 - Miners Offering Potential Buy - Be Frugal & Get Out of Debt

The bible gives us laws and guidelines for all of life. One area is the matter of debt. Over and over again, it warns us that debt is a form of slavery ("the rich ruleth over the poor, and the borrower is servant to the lender." Pr. 22:7). This true, because until the debt is paid the threat of foreclosure and the challenge of servicing the debt limits our financial control. 

Thus, it is little wonder that the Lord tells us "Owe no man anything, but to love one another." (Romans 13:8) Living debt free provides a freedom that few Americans have experienced in recent decades. Of course, all of us have been encouraged to go into debt to consume the wide variety of products and services which are available here. 

After all, the government encourages the citizens to follow their example of spending for the good of the economy. This is a false idea founded in Keynes and accepted by all governments in America and most of the rest of the world. It discourages frugality and saving which are sound biblical principles. 

As we move to a lower standard of living it is wise to become more frugal and to save for the rainy days ahead. Folks, if we move to hyperinflation which seems to be developing as the Federal Reserve and the Federal Government are creating via the depreciation of the dollar, this will become an essential way of life. It is also important to reduce and eliminate debt which will become ever more difficult to service. Make a commitment to the Lord to move in this direction, commit the plan to Him, implement the plan, and praise Him for the results He provides. Begin today!

From Mine Web:
Gold's rise about much more than U.S. economic policy
While some may put gold's rise over the past several years as being a reflection of U.S. monetary policy, there's a lot more to it than that as the metal's fundamentals are changing. The author attributes much of the growth to the substantial increase in Asian demand. HERE.

From Mine Web:
Silver (and gold) price manipulation and the COT reports
An analysis of what's been happening in the COMEX precious metals markets and how to read the COT reports from the CFTC. It is now impossible to ignore manipulation in view of all of the recent news on the subject. HERE.

From Mine Web:
Phase 3 of gold bull market could see a rise to $3000
Gold is still only in Phase 2 of the bull market and won't enter Phase 3 until it reaches $2000 and could then rise another 50%. This will happen and the price will go higher. Phase 3 will be an awesome experience. HERE.

From Bloomberg:
Silver at $40 Will Be Best 2011 Metals Bet, Standard Bank's Ikemizu Says
Silver, the leading performer in metals this year, is likely to repeat its success in 2011, reaching $40 an ounce on new applications and industry demand, said the head of commodity trading in Japan at Standard Bank Plc.  Read and view HERE.

I believe that $40 could easily be reached and have moved much of my portfolios into silver miners. $40 is no stretch since there is a shortage of silver to meet current and future demand.

From GATA:
An hour with Jim Rickards and the once and future money
Market intelligence analyst James G. Rickards of research firm Omnis Inc. made a long presentation to the "Rethinking the Future International Security Environment" conference held Dec. 7 in Washington by the Applied Physics Laboratory of Johns Hopkins University. The second half of Rickards' presentation elaborated on his recent incisive observations about gold, as expressed at King World News and elsewhere. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: FVITF 4.2993; OLVRF 1.4025; BULM 1.19; HHWW 1.62 (WOW! More volatility, and it is down this time.); SILA 0.46; TBT  38.97 (20+ Yr Treasuries have moved up a bit today.); DOW off 30 to 11469.+; SPX off 1+ to 1241.86; Gold off 1.30 to 1368.20; Silver off 0.01 to 28.87. 

Best to each, Doug