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Geithner Comments On The Errors Of The Great Depression

Dear Friends,

During testimony on his nomination, when Secretary of the Treasury Geithner was asked about errors made in the Great Depression, he replied:

There were two: 1. Monetary stimulation ended too soon. 2. Heed was not taken of the dollar foreign exchange position.

Think hard on the implications of both these points.

The

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In Times Of Crisis, Never Forget The Value Of Gold

Dear CIGAs,

This article is authored by one of the greatest voices of gold in the early 1970s.

In times of crisis, never forget the value of gold The dollar is simply a piece of paper. Gold is a much better store of value and is the best insurance against future shocks William Rees-Mogg

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Royal Gold Will Have It’s Day

Dear CIGAs,

Remember when Barrons did the hatchet job on Royal Gold?

Now here is a Royal Gold article that you will find interesting. In my opinion, technically RGLD has at least an $80 number on it.

Gold Royalty Companies Outshine Gold Miners, Bullion Monday, February 16, 2009 9:30:00 PM (GMT-08:00) By Matthew Walls

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A Request For Help On Gold ETFs

Dear CIGAs,

We all are pressed for time here because of the press of both corporate responsibilities and our desire to help you all through trying times safely.

As we begin to see the many ETFs for gold from all over the globe, our curiosity peaks. It simply looks impossible that all these enterprises

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Jim’s Mailbox

Dear Jim,

China ain’t dopes. China knows that energy shortages will reappear within a few years and they want to be covered. Within a few years China will be the world’s largest economy.

Respectfully yours,

Monty Guild www.GuildInvestment.com

UPDATE 4-China lends Russia $25 bln to get 20 years of oil By Robin

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In The News Today

My Dear Friends,

Whatever hope you have for a new personality to make a difference in government, remember the teaching given to us all by our Past Masters:

“There are men in all ages who mean to govern well, but they mean to govern. They promise to be good masters, but they mean to

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Hourly Action In Gold From Trader Dan

Dear CIGAs,

New all-time record highs were once again set in gold priced in both British Pound and in Euro terms at today’s London PM Fix. Gold priced in sterling terms came in 678.584 while euro priced gold was set at €766.976. It would appear that the former is making a run at 700

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Europe Unwinding

Dear Friends,

To underscore my statement that "It has hit the fan," please review the following:

Forex failure continues in Poland Posted by Izabella Kaminska on Feb 16 21:43.

It’s getting bleaker by the minute in Eastern Europe. In case you didn’t catch the latest from the Telegraph’s Ambrose Evans-Pritchard, he warned at

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