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(NaturalNews) We are in the midst of what will surely be a second gold rush. Why is that? You can look at history to begin getting a clue.
In 1839, the Mexican governor of California gave a large grant of land to a German immigrant. The land was used as a trading center for newly arrived settlers. Soon, a colony was established in the Sacramento Valley on the land. John Sutter must have been quite satisfied - until the U.S. Supreme Court declared the title for much of his land to be invalid.
Frustrated by years of petitioning Congress for the losses he endured from the U.S. Government claiming his land, he sold his mill to a James Marshall. John Sutter died bankrupt some years later. On January 24th, 1848, James Marshall discovered gold on the land he bought from Sutter. So much gold, that it sparked the greatest gold rush in the history of the United States - so far.
By 1849, the "forty-niners," as they were called, came from all over the world. California's population before the discovery was a mere 14,000, which in a little over 12 months, soared to 100,000 people looking for gold. The 1849 gold rush did more than make fortune hunters rich - it made California an economic powerhouse, providing jobs and services to untold numbers of people. That's the power of gold!
Even just before the gold rush began, there was an enormous distrust of paper currency. There was a notice posted at the store on John Sutter's property that began with, "1. All paper currency drawn upon state banks and state offices of comptrollers will be discounted 45% per centum on transactions. There will be no exceptions." Strange how they knew the risk of accepting government-issued paper currency! Isn't it the same today?
When a government can simply add zeros to your paper, your risks of holding that devaluing currency becomes increasingly more dangerous. According to economist John Williams (www.shadowstats.com),
"The dollar is being inflated and, in my view, is on the cusp of hyperinflation. I expect this to become increasingly clear within twelve months. To understand why, one only has to look at the causes of hyperinflation. Hyperinflation does not arise from banks lending too much money. It invariably occurs for only one reason - too much government spending."
You think the U.S. Government isn't going to print and spend high sums of money to prevent a Taliban-controlled nuclear Pakistan? Hey, forget bailouts; these are only pennies compared to what's getting ready to happen. And when it does, the world will be discounting your banknote funny-money like they did at Sutter's mill before the gold rush.
The second great gold rush is about to happen! This is not like James Marshall finding a few glittering nuggets in the river. This is the discovery that gold is money! Alan Greenspan admits, "Gold still represents the ultimate form of payment in the world. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."
In Warren Buffet's annual report to shareholders about the present economic crisis, it states,
"This debilitating spiral has spurred our government to take massive action. In poker terms, the treasury and the fed have gone 'all in.' Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once-unthinkable dosages will almost certainly bring on unwelcome aftereffects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation."
What should you do today? Get physical gold while you can - the greatest gold rush in the history of this nation is about to begin. And once it does, the nuggets will disappear from the river. Gold expert Jim Sinclair states,
"I am not in gold for profits. I am in gold to survive that which we cannot control."
"Don't let the lesson of the man who gave up on gold be yours. Don't be fooled by un-backed paper promises."
These will go into the trash can of public trust, a trash can filled with broken and unfulfilled fiscal promises. Stake your claim to real money - physical gold - and do not sell your gold; this gold rush is about to dwarf the forty-niners'. This will be the biggest gold rush the world has ever seen! Act now, while there are still nuggets to be found.
- Peter Ragnar
About the authorPeter Ragnar provides cutting edge information in health, longevity, raw and living foods, human excellence, and financial protection, particularly in the area of gold and silver investments. He is the president of both Roaring Lion Publishing and Golden Lion Mint.
www.PeterRagnar.com
www.GoldenLionMint.com
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