"SUPER SOVEREIGN CURRENCY OR I.O.U."

Gold and silver are both higher with the market being lead by gold, which is up $10. Silver is up $.03 after having been up about $.10 more in early trading. The dollar is up 37 basis points at 84.23, while oil is down on an expected build in inventory by $1.35 at $52.61 a barrel.

The Dow Jones Wire Service reported, "The rising economic uncertainties related to recessionary conditions and increasing joblessness, evermore volatile and vulnerable financial markets and weakening economic conditions have helped spur strong investment demand for gold in 2008 could send gold to record highs above $1,000 this year, CPM Group said Tuesday." They quoted Jeffrey Christian of CPM saying, "Investors are concerned about the preservation of the value of their assets amid the massive destruction of wealth over the past year. Amid the continued inclination to acquire safe haven assets around the world, investor buying is projected to reach a record 52.3 million ounces this year." They also said that central bank gold sales have been falling and could fall further. "They may actually turn into net buyers, which is something we had not expected."

Yesterday, I referred to an article citing the new CEO of the World Gold Council. He indicated that a number of countries are already buying gold, including the Gulf Central Banks, along with the central banks of Brazil, Russia, India and China. In fact, in the Gulf the new Gulf Cooperation Council common currency is likely to be pegged to some degree to gold. Christian confirmed this.

Jeffrey Christian further went on to tell the Dow Jones Wire Service, "I'm very bullish on gold from a long-term prospective." The metal is in a "secular upward shift" and Christian sees "a long-term rehabilitation of gold as an asset class" All of these comments are extremely bullish on gold. Even Goldman Sachs raised its forecast for gold this year by 17%, although they are at the bottom end of the forecasting range.

In Europe the British floated an auction of their long-term bonds referred to as "guilts". Today's auction failed. What that means is they did not have enough bidders to take up the entire amount of bonds that were offered. That was a negative factor. Some are concerned that here in the U.S. there will be a failure of a bond auction at some point. The reason for this is that the government is trying to float too much debt and may not, at some point be able to find sufficient buyers to take up that debt. This would be particularly true if the Japanese continue to reduce their purchases of bonds and China starts doing the same. Failure of bond auctions would be a clear signal that the government is in serious trouble. You only have to look at the commitments they've made so far to understand that sooner or later the problems will begin to bubble to the surface. They have committed to $14 trillion in bailout assistance. The budget deficits are going to amount to about $5 trillion over the next three years. These kinds of expansion of debt are impossible for any country to finance. There isn't enough money available in the world to handle debt of this magnitude.

As a consequence many believe the dollar will undergo a severe decline. There are proposals pending by China, Russia, the United Nations, and an independent commission that was authorized by the United Nations to recommend removing the dollar as the world's reserve currency and replacing it with some new global currency. I have been talking about this on my radio shows and we have been giving away free articles that discuss these issues from very responsible sources such as the Dow Jones Wire Service, Reuters and others. One of the more interesting things is the independent commission is headed by Nobel Prize Winning Economist Joseph Stiglitz of Columbia University. That commission has recommended that the dollar be "ditched". In addition, Professor Mundell, who is considered the architect of the European currency, has also recommended a new global reserve currency.

Some of the articles indicate that the United States government is willing to go along with this new development. If the world turns away from dollars and begins to use a new global currency, it will dramatically reduce the demand for dollars and consequently drive the dollar lower and inflation may soar to record heights in our country.

On my radio shows I have been asking people to call in and offer their ideas for a name for this new currency. Thus far the political world has been suggesting that they be called "Special Drawing Rights" (SDRs) issued by the IMF. Some on my radio show have offered to name them the "International Operating Unit (IOUs). I'm inviting people to call in on my show to offer their ideas for a name for the new global currency. Perhaps you would like the name IOU or perhaps you would prefer a different name.

Speaking of IOUs, look at the currency in your pocket and you will see that all of our currency notes are simply IOUs from the Federal Reserve. They are not money issued by our government itself. If you would like to learn more about that, speak to me on the air and I will explain it in further detail.

I recommend that everyone add some gold to their holdings to protect their wealth. Wealth protection or wealth insurance is going to be an important issue as we move towards this new global currency. Whether it is a new currency that comes with a surprise announcement next month or next year, there will be no forewarning to enable you to get prepared, unless you act now. This is the time to add gold to your holdings for insurance purposes. Call Goldline at 1-877-341-2646 and ask them to assist you with your gold investing needs. Ask them also to explain Goldline's unique Price Guarantee Program, which provides you with a two-week window of opportunity to re-price your transaction in the event of a correction. Be sure to ask for the free information package, which contains the various articles I have referred to. Call Goldline at 1-877-341-2646.

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 a purchase. Call Goldline at 1-877-341-2646 now to receive your free information package .