G20 MEETING UNDERWAY

Gold was up $6 early in the day and then eased back. Gold is now at about unchanged and silver likewise trading at about unchanged levels.

The G20 meeting is underway now with heads of state meeting with President Obama. They are meeting in an environment where there are tens of thousands of protestors on the streets of London. There has been some violence in those protests and a great deal of anger at the economic crisis and those who are responsible for it.

The uncertainty in the markets is reflected by yet another decline in the Dow Industrials, which are down 53 points. The dollar is up 13 basis points and oil is down $2.21 at $47.43 a barrel. Trading activity is beginning to increase in all of the markets. Most of the buying in gold today is from the "safety trade."

Many are discussing the possibility of a shift away from the dollar as the world's reserve currency. Frank Lesh, analyst at Future Path Trading said, "Should there be any pressure for a shift away from the dollar as the world's reserve currency, weakness in the greenback could mean gains for gold so we've got some traders positioning into gold ahead of the G20, and we've also got a move into gold on upcoming data – the ISM today and employment Friday." Lesh's comments pretty much sum up the status of the market today.

There clearly is a major push underway to replace the dollar as the world's reserve currency. This is not likely to be an event that occurs at this G20 meeting. However, the concept has been introduced and it is supported by the major BRICs nations. They include Brazil, India, China and Russia. Other nations have also joined with this call for a new currency and Great Britain is among them. In addition, the Russians have suggested that gold should be a part of the backing of that new currency. That would be a major step towards resolving much of the financial crisis. However, it would be at the expense of the dollar and would require gold to be dramatically higher than today's levels in order to be achieved. The genie is now out of the bottle. The movement to replace the dollar is underway. This is a process that could take some time. I suspect that five years from now the world's reserve currency will no longer be the U.S. dollar. This is an event that I have been warning about for several years. Our country simply cannot run up tens of trillions of dollars of debt and expect the dollar will hold its value. Investors around the globe understand that, and have been moving to physical gold in great numbers. The wealthy and better-informed people in the United States have been doing likewise. That is why there are such severe shortages of gold and mints are finding it impossible to keep up with the huge demand that is being generated.

Most Americans are totally unaware that the dollar losing its reserve currency status. It would mean aggressive inflation in the United States and a tremendous loss of buying power for people's savings. In essence it would essentially be a tax against middle-income people. A depreciating currency or inflation is always a tax on the workers of a country.

In the economic news, we see that sales of previously owned homes jumped 2.1% in January. I believe this is largely due to foreclosure sales. The ADP Unemployment Report showed 742,000 people filed new claims for unemployment in the previous week. In Europe they have similar aggressive joblessness problems. They report the joblessness is growing at an increasing rate with some 13.5 million jobless workers. In the U.S. construction spending fell for the fifth consecutive month.

Over the longer term all of these economic, political and financial factors influence the value of the U.S. dollar and precious metals. Precious metals have always been a safe store of value and a safe haven asset. Precious metals have also been an asset that has enabled people to preserve wealth and purchasing power over lengthy periods of time. These are some of the main reasons why investors accumulate gold. This is an opportunity to do that today.

Investors should contact Goldline at once to begin accumulating or adding to their precious metal holdings. Ask Goldline about their very unique and special Price Guarantee Program, which provides a two-week window of opportunity to re-price your transaction in the event of a correction. Ask them about Swiss 20 Francs, Double Eagles, Sovereigns and other assets that may be suitable for your personal portfolios. Call Goldline at their new number 1-877-341-2646 or 1-877-341-COIN.

Be sure you also ask Goldline for the free information package. Tell them "Joe said to call" and they will send you a free copy of the CD interview I did with Frank Barbera, a noted market analyst and a copy of the American Advisor Newsletter. The information package also includes an article in which Russia is backing a return to a gold standard with the new currency that they are pushing. It also contains articles discussing the potential for a new global currency. This would affect every American. We should all be on top of this information so we can take the proper steps to protect our families, our country and ourselves. There are also excellent articles quoting Forbes.com, many analysts from banks and brokerage firms with their forecast for gold, and an article quoting Pierre Lassonde, former Chairman of Newmont Mining and the World Gold Council. You will find this information to be helpful for all investors. Call Goldline at their new number 1-877-341-2646 or 1-877-341-COIN to receive the free information package.

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 their new number 1-877-341-2646 or 1-877-341-COIN 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 their new number 1-877-341-2646 or 1-877-341-COIN. 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 their new number 1-877-341-2646 or 1-877-341-COIN now to receive your free information package.