"The financial markets continue to show extreme volatility as the various institutions and governments deal with the end of their respective roads. The announcement regarding the bailout of the Spanish banks created euphoria as markets opened around the world, but the euphoria quickly dissipated. Governments, economies and societies are converging on a common dead end, and it is a dead end of historic proportions.” Gold and silver stood their ground today. We are seeing signs that individuals and governments are reacquiring massive quantities of gold as well as silver. We continue to hope for a positive outcome from the current chaos, but individuals need to convert paper wealth into some form of real wealth as soon as possible.”
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