Economist John Williams warns of Hyperinflation

John Williams on the Financial Sense NewsHour 14 Dec 2010

Economist John Williams, editor of ShadowStats.com, a popular website that tracks real inflation figures, says hyperinflation is inevitable. He is advising people to hoard physical gold as well as food items in bulk so that they have some means with which to barter as the economic crisis turns ugly. Williams says government may start giving out free toilet paper … er … money! below is the interview with Jim Puplava of the  Financial Sense Newshour.

Record Gold Prices Hurting Jewelers

Dec. 22 (Bloomberg) -- Bloomberg's Gigi Stone reports on the impact of rising gold prices on jewelry demand and jewelry makers. The rising value of bullion, reaching a record $1,431.25 an ounce on Dec. 7, has upended the economics of jewelry for buyers and sellers alike, with a mix of outcomes around the world. U.S. purchases of gold jewelry have fallen 36 percent by volume in three years. Women in India, where demand is booming, are buying hollow bangles made to look like solid gold. (Source: Bloomberg

Finding Gold in Australia : a 1oz gold nugget

prospecting for gold with a metal detector in central Australia $1350 U.S dollars an ounce thats a nice paycheck for a few minutes work, very nice! You can also find meteorites with the metal detector.