When I wrote about silver last year, silver bullion was around $12-15 per ounce, and you could still find some amazing deals with prices hovering around $10.  If you follow Kitco, you know that silver is around $20 per ounce, and gold has broken through $1,200 per ounce.

I believe this is part of a long trend of world currencies being inflated at the same time.  However, sooner or later winners and losers will emerge.  I believe that the US dollar will be the biggest loser of them all, followed by countries that peg to it.

We are starting to see inflation in the stock markets, healthcare costs, education costs, with food/energy soon to follow.  I think that we’re setting up for a big flight to safety as precious metals climb the wall of worry.

I have already made unrealized gains on my physical gold/silver investments, but I am buying more.  I strongly urge you to allocate some of your cash to precious metals now — not only will you protect your liquid assets against Fed’s obscene actions, it will be a fantastic disaster recovery item in case something cataclysmic happens.