ANOTHER BAILOUT PROGRAM ANNOUNCED

Gold was down over $8 in pre-market trading, but bounced back up shortly after the open. In the first half-hour of trading gold is $5 lower while silver is down $.14. The dollar is down 3 basis points at 83.82 and oil is up $.13 at $52.50.  The Dow is responding to the new Toxic Asset Bailout Program by rising 150 points to 7,425 in the first half-hour of trading. What we have really seen in the precious metals is a modest decline in risk aversion or a modest increase in risk appetite according to Jim Steele, Senior Vice-President and Metals Analyst with HSBC Bank.

Much remains to be seen about the effectiveness of the Toxic Asset Bailout program and the willingness of the banks to participate in it. Under the proposal the treasury will use $100 billion worth of TARP funds (it doesn't have) to borrow $1 trillion from the Fed (which it doesn't have) and inject that money into the financial system by buying up these toxic assets in a private/public partnership. Government guarantees will protect the private entities from significant losses. The most they can lose is their 3% down payment. The government takes 97% of losses. This is a program that has been discussed at some length over the past several weeks, but whether it will be effective in alleviating the problems remains to be seen.

In the next week or two, they will also announce some modifications to the mark-to-market rule, which will enable banks to keep these assets on their balance sheets without resorting to the government bailout programs. Even if this works to alleviate some of the toxic debt on the banks balance sheets, it still leaves them with a huge amount of undisclosed liabilities with regard to other kinds of derivatives including credit default swaps.

At this point, gold is holding nicely. It would be a good sign if gold could hold at the $950 level. The combination of the Fed's quantitative easing or printing of money, along with the latest bailout program which involves still more printing of money, should be the kind of situation that would drive gold up on the basis of future inflation expectations. Remember, the Federal government does not have the $100 billion that it is posting as collateral to borrow $1 trillion from the Fed, which does not have that money either. All of this money is being created out of thin air. That is a troublesome issue that is being conveniently overlooked by those on Wall Street. The net loser in this is going to be the U.S. dollar, which in time will be dragged too much lower levels.

In addition, do not overlook the fact that many countries are calling for the abandonment of the U.S. dollar as the world's reserve currency. As the world begins to move towards a new global or world currency, things will change dramatically in the U.S. The ability to finance all of this debt is going to be greatly diminished. Therefore, the government will be forced to simply create this money out of thin air, which will in turn diminish the value of buying power of all existing forms of money.

As savers and investors we need to be very vigilant about the loss of buying power of our savings. Those who ignore these issues, do so at their peril. Under these circumstances, it simply is prudent to have some diversification into gold. On Friday, Merrill Lynch said they continue to be bullish on gold. Many analysts are forecasting gold to rise to $1,500 or more over the course of this year. As a consequence the upside potential and the insurance potential for gold assets is meaningful.

Investors should get started with gold today. Buy this correction in the market. Ask Goldline to explain to you the unique Price Guarantee Program that they offer. No other company in the country offers this program. The Price Guarantee Program provides you with a two-week window of opportunity to re-price your investment in the event of a correction. Call Goldline today at 1-877-341-2646 and ask them to explain this program to you so you can see if you qualify for it.

You should also ask for the free information package that will provide you with information that is vital for all investors. You need to know and understand the mechanism for replacing the dollar with a new world currency. The beginning of that process is probably underway with the United Nations, Russia and others calling for a new global reserve currency. As this process occurs it will affect all of us. Therefore, we have included several articles in the free information package about this issue so you can read and evaluate them for yourself. We have also included articles that quote a number of major bank analysts, economists and market strategists that will provide you with information that will be helpful. If you mention, "Joe said to call," Goldline will give you a free copy of the CD interview with Frank Barbera, who has forecast the events we are now seeing unfold today, along with a free copy of the American Advisor Newsletter, a $25 value. Call Goldline at 1-877-341-2646.

Investors should contact Goldline and ask them to explain the features, benefits and cost structure of the various gold and silver investments that are available. Select those that best meet your own personal and individual investing needs and objectives. Investors looking for low transaction costs may wish to consider bullion assets such as American Eagles, Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars. However, the Price Guarantee Program is not available with these assets.

If you would like to take advantage of the Price Guarantee Program, which provides you with a two-week window of opportunity in which to re-price your order in the event of a correction, you must select assets with some collectible value such as 20 Francs, Double Eagles and Silver Dollars. Call Goldline at 1-877-341-2646 for further information on the Price Guarantee Program.

To receive the free information package, including articles on the dollar, the economy and gold, call Goldline at 1-877-341-2646. Goldline also provides several other helpful articles. There are a number of other independent third-party source articles that you will find extremely helpful and informative. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure booklet. Read these carefully before you make an investment. Call Goldline at 1-877-341-2646 now to receive your free information package .