The strength in gold is revealing the general weakness in the dollar.

Fifty-dollar oil is just another stop on the road to much higher crude prices.

Minimum wage laws make it illegal for a worker to accept a job that pays less, even if the worker needs that job.

Gold is not overvalued at $500, and gold will not be overvalued at $1,500 or $2,000. The real money is buying gold and putting it away.

The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.

Most governments, not all of them, but most, certainly don't want their citizens using gold. They want them in the currency that they are creating. When they are debasing money, or printing money, they are spending it and they want it to have as much value as possible when they originally spend it. Of course once they spend it, it will lose value for them and everyone else that holds it. But they need demand for their currency. They need as many people as possible holding it and transacting it. The more people that use gold, the harder it makes it.

Once the dollar begins to collapse beneath the weight of all this new deficit spending, accumulation of contingency liabilities and the socialization of our economy, commodity prices and interest rates will head skyward.