In an interview Adam Steer of Credit Sights questions why GMAC needs the money, as the losses GMAC is claiming are not from the automotive sector of the company rather from ResCap which is a failing home lending sector of the company. Steer suggest that GMAC cut ties with the home lender or put ResCap in bankruptcy rather than pouring billions into the failing company.

The CFO of the GMAC Robert Hull even stated they need to find a solution for ResCap as they are facing their eighth bad quarter as of November, while GMAC’s automotive sector is showing a profit. The question is why when ResCap has had eight failing quarters in a row is the government going to invest billions more to save a failing organization. An more to the point if the automotive sectors of GMAC are showing a profit, why are they not bailing out ResCap rather than putting their hand out to the US government and tax payers again. Could it be that the government is sitting there with an open check book and offering money to anyone that ask for it with not thought of the implications to the future of the country and our free market system or capitalist society.

Some have stated making a credit line open to GMAC would be smarter that continuing to give aid package after aid package, as we would be throwing less taxpayer money away at a time.  In our so called free market system under the Obama administration the government is now the biggest owner of GMAC with a 35% stake in the company, go figure when the US government also owns aproximately 10% of General Motors as well.

You may wonder why I am taking time to educate you on the goings on of our wonderful government under Obama and the latest bailout news, well its because with all the continued bailouts and buyouts GOLD is the safest investment with the best return. So buy GOLD and buy as much as you can as it will continue to soar for some time to come.

Many speculate as to why Gold is on the rise almost daily, some say it is due to the weakness of the dollar and others say it is due to the uncertain global economy. As you know I have been saying that Gold is a great and stable investment for a while, so buy Gold as much and as often as you can because Gold will continue to rise for some time to come.

This is a great time to buy as many of the options for Gold on the Comex division of the New York Stick Exchange expire on Nov 23 and Gold is expected to go over $1200 an ounce when these options expire. So once again BUY GOLD NOW, as you will be very happy with the results and return on your investment.

With all the talk in the world about the weakness of the dollar, and discussions of some major countries to stop valuing their commodities in dollars which will further weaken the dollar, Gold is a very safe and stable investment and looks to continue to rise significantly for some time to come.