$1 Trillion Healthcare plan

http://www.bloomberg.com/apps/news?pid=20601087&sid=aoQVT0QdanBA&pos=1

Apparently, the US has enough money in the bank to pay for the $1 trillion healthcare plan. Wait, I might have misspoken. I meant that the US is currently bankrupt and has no means nor plans to fund this or any other hair brained schemes that they come up with aside from printing more money and issuing more debt. Really, this is just the type of behavior that us as citizens should participate in. You lead by example right?

Hmm, I really like that Porsche 911 I saw the other day. I'll just go into the dealership to purchase it and hand the salesperson an IOU. I'll tell him I'll pay it in 10 years, but I'll probably declare bankruptcy before then. So its a win win for me. That's just the type of irresponsible behavior our leaders are promoting.

Seriously, when your personal finances are tight, do you go out on a spending spree? Or do you cut back and live within your means?

Regardless, our lawmakers will continue to drive the dollar to the gutter and propel precious metals to new highs. Better diversify while you can. That Benjamin in your pocket won't buy you a movie ticket in a couple of years.

I'll get off the soapbox now.

The train is pulling out of the station.

Today's move in precious metals surprised me a bit as I looked at the intraday chart of silver and gold just take off. The pundits rationalized this move was due in part to India buying half of the 400 tonnes of gold the IMF is selling. This doesn't really make sense to me as I read a story yesterday regarding this breaking news and did not see the market react to it. After 11AM this morning, did the gold price take off.

Is there something else afoot here? Perhaps this news story is being bandied around to cover up a larger more sinister event taking place.... Hmmm, if I was to put on my conspiracy theory hat, I could easily say that there's a large request for delivery of physical taking place, but there is no physical to be had anywhere... But that would be jumping to conclusions.

I'll just be satisfied with the fact that gold is at new highs and silver is tagging along for the ride. You can bet that there will be more explosive moves to the upside as everyone clamors to buy the limited number of metals available. Reminds me of tickle-me-Elmo many years ago.

Are you on board yet?