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The U.S. Dollar Index has fallen practically straight down to a new 52-week low of 76, while gold has risen to a new 18-month high of $1,025.80 per ounce and silver has risen to a new 13-month high of $17.63 per ounce. Meanwhile, several of our gold and silver stock suggestions have gained over 100%.

Ben Bernanke said this week that the recession is “very likely over.” Yes, the recession may be over in nominal terms, but massive inflation has just begun and prices of stocks and real estate will continue to plummet when valued in real money, gold and silver. You can’t just print your way out of a recession without increasing production. Sure, if you print enough money prices of stocks and real estate will rise when priced in dollars, but that won’t mean a thing when it costs $10,000 to fill your refrigerator with food.

We are very happy that Peter Schiff announced on Thursday that he is officially a candidate for U.S. Senate in the State of Connecticut. We are big supporters of Peter Schiff with two of our co-founders each donating $2,400 to his Senate campaign. We are extremely pleased to be hearing from countless NIA members who have also contributed to the campaign. Unfortunately, even if Peter Schiff is elected and is able to help persuade Washington to reverse course immediately, it may still be too late to prevent hyperinflation. Every day that goes by with interest rates at 0%, tremendous damage is being done to our economy that we may never recover from.

China is now beginning to sell yuan-denominated bonds in Hong Kong while encouraging their citizens on state-run television to invest in silver. These moves are quietly positioning China to move away from the dollar as the world’s reserve currency. When this day comes, all hell will break loose.

SOURCE National Inflation Association