GOLD HOLDING ON TO GAINS

This morning silver is up another $.10, while gold is trading down $1.70 in the first half-hour of trading. When the market opened gold was down $8 and silver was lower as well. The fact that these metals continue to find buyers and hold on to the tremendous gains that were made yesterday is extremely impressive. That is particularly true given the fact the dollar is up 62 basis points at 83.74 and oil is trading at about unchanged at $51.65. Stocks started higher, but have been giving ground as trading begins. The Dow is only up 17 points.

The equity market looks weak and many are concerned about the obvious devaluation of the dollar. The decision for the Fed to purchase government debt on top of purchasing so many agency securities, agency debt, collateralized debt obligations and other highly risky derivatives, in combination, is likely to have a massive impact on the dollar over the next several months. Even political pundits are now discussing the problems with the dollar. For example, this morning George Stephanopoulos was on Bloomberg Radio. He commented about Chinese Premier Wen Jiabao complaining that China is concerned about the credit-worthiness of the U.S. and the safety of the money it has invested in U.S. dollars and treasuries. Clearly, there is a broad anticipation that in time the dollar will continue to be devalued, perhaps very aggressively.

Moreover, those who are sophisticated understand that many countries and global agencies such as the United Nations and the IMF are pushing hard to remove the U.S. dollar as the world's sole reserve currency. There is a massive effort underway to replace the dollar with new special IMF Drawing Rights as the international reserve currency. The latest article that came from Reuter's indicates the U.S. government may be onboard with that process. Reuters reports that the United States is unhappy with the problems they have managing domestic policy due to the fact that the dollar is used as the world's reserve currency. In fact, it would be much easier to inflate domestically to get the U.S. economy going if it were not for the fact that the dollar is used as the world's reserve currency. If the dollar ceases to be the world's reserve currency, I think it will have a massive impact on the dollar. I would not be the least bit surprised to see the dollar fall by 30% to 50% on the dollar index as a result of such a development.

With regard to the Fed's action in monetizing debt, Charlie Aitken a director of Southern Cross Equities said, "I can't see the safety in a currency that is being dropped from helicopters." That is similar to the remarks that I made yesterday. I said the Fed's action in monetizing debt is equivalent to dropping $100 bills from helicopters. Moreover, the fact that printing money to buy securities has not only been adopted by the Fed but also the Bank of England, the Bank of Japan, essentially the Swiss National Bank, and others. It is widely anticipated that the European Central Bank will begin doing the exact same thing in the next week or so.

Walter DeWet of Standard Bank told Dow Jones Wire Service that this could cause gold to breach and stay above $1,000 an ounce. He said it seems that printing money will become the norm, and the question is whether the European Central Bank will join the quantitative easing party. He indicated if they do so, gold will rise even more. Based on the reports from a number of analysts out of Europe, it seems as though the European Central Bank is likely to do so.

Given all of these factors and the important fact that gold is holding on to virtually all of these enormous gains and holding above the key $950 level, all suggest that gold should be accumulated at these levels. I have said repeatedly that gold under $1,000 is a real bargain. Many analysts are commenting that once gold pushes above $1,000 again, it is likely to set new all-time record high levels. Therefore, investors should not hesitate, but should accumulate gold as an asset to protect wealth and to ensure against further declines in the dollar. The other factor that should motivate people to acquire gold is that the Fed would not have taken such an enormously drastic step of openly monetizing debt unless the economy was in much worse shape than most people realize.You may wish to consider that as a guideline to assist you in your investing decisions.

Call Goldline today at 1-877-341-2646. Ask them to explain the Price Guarantee Program to you. This program provides a two-week window of opportunity to re-price your order in the event of a correction. No other company in the country offers it. Call Goldline at 1-877-341-2646 to see if your purchase qualifies for the Price Guarantee Program.

In addition, everyone should receive the free information package. It contains three new articles that are extremely important. The first, quoting the Chinese Premier demanding some assurance that its dollar investments will be safe. The second, an article quoting a proposal made by the Russian government to the G20 meeting to be held next month recommending that the dollar be abandoned as the world's reserve currency. And lastly, an article from Reuters entitled "UN Panel Says World Should Ditch Dollar." These articles are extremely important to all Americans. Read them carefully. Be sure to tell the folks at Goldline "Joe said to call" so they will give you a free copy of the CD interview I did with Frank Barbera and 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 .