All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Wednesday, August 26, 2015

When Gold becomes a good play again ?

Anthem Vault CEO Anthem Blanchard, Diversified Financial Advisors President Dominick Tavella, S&P Capital IQ’s Lindsey Bell and FBN’s Dagen McDowell on the outlook for gold prices. Watch Dagen Mcdowell and Sandra Smith talk about Investing Basics and Precious Metals on Mornings With Maria.








Tuesday, August 11, 2015

$1,000 Gold Scenario Would Cause Industry Serious Trouble







Kitco News - With gold companies having completed the reporting of their second quarter results, Brent Cook, a famed geologist said one thing stood out besides the dire numbers. ‘On the whole, they are still free cash flow positive,’ said Cook in an interview with Kitco News on Tuesday. ‘They are doing that by cutting their sustaining costs – so basically by cutting sustaining costs they are not sustaining their business - down the road, there are problems coming up,’ Cook warned. The second-quarter earnings season for the gold miners began July 29. Gold mining companies have been crushed by the recent drop in the gold price. The metal averaged just under US$1,200 an ounce in the second quarter, which ended June 30. But it later crashed to below US$1,100 in July due to a strong U.S. dollar, which is rising on expectations that the U.S. Federal Reserve will raise interest rates in September. Should gold fall below $1,000 an ounce, Cook said it will become incredibly tough for miners. 'Most of the major mining companies are in serious trouble if gold falls below $1,000,' he said. December Comex gold was last up $3.60 at $1,107.60 an ounce. September Comex silver was last down $0.002 at $15.29 an ounce.

Wednesday, August 5, 2015

Secrets of Gold #Mind Blow










In 2012 Germany and France requested the return of their gold from the Federal Reserve. The dollar is no longer the world’s safe-haven asset and the US government is no longer a trustworthy banker for foreign nations. It looks like their fears are well-grounded, given the Fed’s seeming inability to return what is legally Germany’s gold in a timely manner. Germany is a developed and powerful nation with the second largest gold reserves in the world. If they can’t rely on Washington to keep its promises, who can? The Fed is operating a Ponzi Scheme with the gold belonging to other nations which is why they refused Germany an audit on it's own gold. When will the USA get to complete financial collapse? No one knows but it's coming that's for sure.

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How to Invest in Gold and Silver: A Complete Guide from an Investor's Viewpoint Don Durrett