From the Publisher's Desk
"Inflation is always and everywhere a monetary phenomenon in the sense that it cannot occur
without a more rapid increase in the quantity of money than output."
- Milton Friedman, free market economist
Obama Tax Plan
* Income Tax Rate - Current 35% Obama Proposal 39.%
* Income/Payroll - Current 37.4% Obama Proposal 52.2%
* Capital Gains - Current 15% Obama Proposal 28.%
* Dividends - Current 15% Obama Proposal 39.6%
* Estate Tax (2010) Current 0% Obama Proposal 55%
Source: Wall Street Journal
According to an article in cnbc.com, financial guru Jim Rogers says "Gold Will Hit $2,400 Bubble"
Gold has many years left on its bull run, but the precious metal will eventually reach a bubble, famed investor Jim Rogers told CNBC.
"It will easily go to $2,000 but it will reach $2,400 over the course of the bull run, which has years to run," said Rogers, the CEO and chairman of Rogers Holdings.
"It will end in a bubble when this is over. The way bull markets work is they go up and up and then by the end they turn into a bubble and that will happen to gold.
He said, however, that such a bubble is still years from happening.
"That could be five years, 18 years or six years," he said.
"I hope I am smart enough to sell but when that happens it will probably double." He said that currently he would buy silver instead of gold because it's cheaper on a historic basis.
"I own both, I'm not selling either but if I had to buy one today I would buy silver," he said.
Rogers said he was short stocks because he is not very optimistic about the fundamentals.
"You're better off in real assets than in stocks, at least I hope," he added.
Not everyone agrees with Rogers, but PT Shamrock does.
Download your FREE PDF copy of "Revealed: Where And How To Legally Buy,
Move And Store Gold Abroad" by best selling author and second passport expert, Dr. Charles Freeman at http://www.ptshamrock.com/gold_report.html
'Athbhliain faoi mhaise duit!'
A prosperous New Year!
- Irish New Year's Toast
See you next issue
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- Edmund Burke, 1784
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