G8 RECEIVES NEW EURO DOLLAR

Gold and silver have been trading near unchanged at the open, after the dollar strengthened and oil fell back once again. Oil is trading below $60 a barrel as it did last week. There is a great deal of concern about oil at these levels. The Middle Eastern oil producers are upset with numbers so low and would like to see oil in the $70 to $80 range. Many of the more prominent oil experts think before the summer is over oil will be trading back in the $70 plus range.

Today Meredith Whitney shocked the markets as she so often does. She forecast that the economy will not recover anytime soon. She said the housing and real estate crisis will grow worse and unemployment will soar to 13%. Moreover, she said it may be the year 2013 or later before the economy truly is in recovery mode. Whitney is best known for her terrific forecasts and calls on the banking sector and her predictions of the bank, housing and credit card crises. All market analysts and professional investors take her views seriously.

One of the more notable things to come out of the G8 meetings this week were the gifts that were given to the heads of state. Each member of the G8 received a handmade book portraying works by classical sculptor Antonio Canova, as well as gold coins representing an imaginary future world currency. The coins that represented this hope for a global currency are referred to as the "Euro Dollar". On one side it says "United Future World Currency" and on the other side it says "Unity and Diversity." These are labeled as test coins of limited issue. They also produced paper currency that would be exemplars of a potential new global currency. The significance and importance of these potential forms of money is that they represent what could happen in the future. Think of it this way – if all G8 nations have overwhelming debt burdens, which they do, and all need to devalue to reduce these debt burdens, wouldn't it be logical that they would come out with a new global currency or a new supra sovereign reserve currency to enable them to conduct a formal devaluation without it being totally apparent to the populous? In my view, this is a situation that could easily occur. Moreover, the very fact that the coins were distributed to the G8 heads of state indicates that this is a trial balloon to determine the attitude and reaction of the world population to such a development. It is reminiscent of the early issue of euro coins well before there was an agreement to use the euro in Europe.

Moreover, there could be some implication or suggestion that a new global reserve currency or global transactional currency could be one that would have some form of gold backing, which would provide for currency stability. In other words, while this is not an official issue of a coin, it is an early warning of what may be coming down the road. Goldline is including copies of photos of these coins and the currency in our free information package so that our investor clients can have an early heads-up on this situation.

Everyone should call Goldline at 1-877-341-2646 for the free information package. When you look at the sample coins and you view them in the context of the articles calling for a new global reserve currency, and the calls for formal devaluation of the dollar, you begin to get the impression that this is something that may be in the early planning stages. Those who are wise will give some consideration to preparing for these kinds of events. Also, be aware of the value of the coins that were issued. According to the press reports, each coin had a value of $3,900. Could this possibly be the price at which gold would have to be to back such a global reserve currency? Only time will tell.

Officials at CIT Group, a lender to small and mid-size businesses, tried to work out a plan to calm markets and convenience customers and investors that it can work its way out of a liquidity crunch, amid concern that hundreds of small and mid-size business customers may rush to withdraw funds or draw down credit lines. Treasury Secretary Geithner said that they are monitoring this situation very closely. Perhaps we may see further pressure on the credit markets.

Precious metals, which started out near unchanged levels, fell back and then rebounded again. With the greater than usual volatility that we see in the summer doldrum months, anything is possible. Clearly, at this point there is a lot of nervousness in commodities in general. That is spilling over into the metals sector also. However, prominent analysts such as the Adens and others, forecast that the downside risk is small, perhaps not more than $882 on the downside, but the upside looks like $1,100 to $1,200 by year-end. That means there is an outstanding upside potential with little risk.

Investors who would like to get started with gold and take advantage of this marvelous investing opportunity may wish to utilize Goldline's Price Guarantee Program, which provides a two-week window of opportunity to re-price your order in the event of a further correction. Others may wish to use dollar cost averaging strategy to get into the market in order to secure the best average price. Which ever your needs are, Goldline can assist you. Call Goldline at 1-877-341-2646. Be sure you also ask for the free information package and be sure to look at these new "Euro Dollar" coins.

Investors should ask Goldline to explain the features, benefits and cost structure of the various gold and silver investments that are available to you. 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, Swiss 20 Francs, 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.