Jim’s Mailbox

Posted at 5:35 PM (CST) by & filed under Jim's Mailbox.

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There is no doubt the US dollar is going to hit .52 in the coming years. Is there a chance the physical market is breaking or pressuring the Comex Paper market?

Alex

Dear Alex,

The answer to your question is YES. Add to that the fact that gold is the ultimate currency, not paper.

Regards,
Jim

Dear Jim,

I stand in awe to imagine 16000+ bank owned properties from foreclosures in one city alone, with 12000+ coming in pre-foreclosure! It is truly incredible. This amounts to HUGE selling pressure on real estate in coming months and years!

When gold is over $10,000 and estimated tax collections turn positive I will have to buy one in Arizona or Florida, along with an airplane!

Best,
CIGA Big Tatanka

Dear CIGA Big T,

I agree on one thing. I will buy an A-10 Wart-hog. The early models are in for decommissioning in two years.

All the best,
Jim