Wednesday, July 1, 2009
Tuesday, June 30, 2009
In these troubled economic times, Gold
That’s the bad news. People want gold and silver badly. They are willing to pay much more than the spot price, but they can’t find bullion to buy. They can’t find it because there isn’t enough physical metal available at these drastic, artificially induced, fear and fund-liquidation-caused spot prices.
Today Gold for immediate delivery climbed 0.4 percent to $941.42 an ounce at 9:40 a.m. in Singapore. The metal is up 6.7 percent this year as longer-term inflationary expectations boosted demand for a hedge against accelerating consumer prices. Gold futures for August delivery were little changed at $941.30 an ounce on the New York Mercantile Exchange’s Comex division, up 1.8 percent this quarter.
Monday, June 29, 2009
What make Precious Metals precious:
precious metals are rare metals found in very small amounts in the planet earth hence the high economic value
Gold, silver, and the platinum group metals are known as the precious metals. Some craftsmen also call them the noble metals.Relatively scarce, highly corrosion-resistant, valuable metals. Gold, silver and platinum are examples of precious metals.Materials such as gold, silver, and platinum that offer an alternative form of investing The industry defines gold, silver, platinum, and palladium as precious metals. Unlike gemstones, the term precious is still widely accepted when used to delineate High-value, low-volume, scarce metals such as gold, palladium, platinum and silver.This is a video I have created to explain the reasons behind why precious metals have intrinsic value. Peter Schiff, Ron Paul, Jim Rogers, Marc Faber, Gerald Celente, Gold, Silver, Platinum, Fiat Money, Inflation, Currency Devaluation, Federal Reserve, Banks, Bank of England, Dollar Collapse.
Saturday, June 27, 2009
with the FED keeping on flooding the market with US dollar bills , the hyperinflation scenario becomes becomes more plausible and it is now a matter of when rather than if ...Marc Faber amongst other experts warn of a Zimbabwe like Hyperinflation , the rush for the gold have started , There is a huge demand for both gold and silver right now in India and North America. North American shops are completely deprived of silver. Indian shops are empty of both silver and gold. Even the Indian banks don't have any gold or silver.
Friday, June 26, 2009
Thursday, June 25, 2009
Gold rose to $939.50 an ounce on the New York Mercantile Exchange’s Comex division
Silver rose to $14.005 an ounce
The dollar fell, heading for its biggest weekly loss against the euro in a month , The dollar declined to $1.4041 per euro from $1.3988 yesterday
Crude oil rose for a second day, trading above $70 a barrel
Wednesday, June 24, 2009
Friday, June 19, 2009
today Gold rose in New York as the dollar weakened, boosting demand for precious metals as hedge against Inflation . Gold rose to $935.25 in the afternoon still not reaching the $1,032.70 record of March 2008. Gold typically moves inversely to the U.S. dollar so expectations for the dollar of a strengthening dollar in the coming weeks are likely to cap gains in Gold. Silver fell to $14.20 an ounce in New York , Platinum rose to $246.15 an ounce , Palladium gained 1 percent to a record 319,451 ounces yesterday,
Wednesday, June 17, 2009
Monday, June 15, 2009
The Dollar Index, advanced for a second day after Russia’s Finance Minister Alexei Kudrin and before him the Japanese Finance minister declared the nation has full confidence in the U.S.Dollar.Among other precious metals The Platinum slid 1 percent at $1,242.50 an ounce and Palladium was down 1.2 percent at $250.50 an ounce so far ..
Sunday, June 14, 2009
Expert: Mark Griffith
Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange).
or Just buy GOLD, the ETF that tracks the price of gold. As for all these gold bugs, when everyone is talking about it and jumping on the bandwagon, its not a good buy and hold move. the mania hasn't started yet, but when it does, get out!
Saturday, June 13, 2009
Gold is a rocket ship on the verge of taking off . The Real Estate Bubble Burst, The Bulging National Debt, and the Declining Dollar Will Push Gold Prices to Record Highs, even though
gold doesn't pay you an income, and history teaches that gold only competes with cash in the bank or under the mattress or government treasury bonds (provided they pay) when inflation rises faster than interest rates. Gold is going to be king in the Market in the few coming days ...you have been warned ..those who do not buy gold now will find themselves broke when hyper inflation as propheciesed by top notch investors such as Marc Faber or Jim Rogers you will have only yourselves to blame if you keep your assets in US dollars or US treasury Bonds
Friday, June 12, 2009
Thursday, June 11, 2009
Wednesday, June 10, 2009
Tuesday, June 9, 2009
Monday, June 8, 2009
Interview and discussion with Deborah Fuhr of Barclays ETF Research Head. Many people are moving toward seizing sector products, because the challenge in this environment is if you believe in the sector. (The Bloomberg Edge)
Sunday, June 7, 2009
Saturday, June 6, 2009
at $950 is gold is still a good investment especially that some experts predict gold to reach $2000 even $5000 an ounce in the short term amongst the fear that all FIAT currencies may devaluate in a hyperinflation doomsday scenario , although that gold does not pay a devident it is unarguabley the best protection against the devaluation of the Dollar ...bottom line go get your Gold bullions it is still time
Friday, June 5, 2009
Gold surges to near record territory
The metal gains ground as the dollar slumps and investors bet inflation will rebound. Analysts see $1,000 an ounce on the horizon.
NEW YORK (CNNMoney.com) -- Gold prices charged higher Thursday, with another run at $1,000 an ounce looking increasingly likely, as the dollar remains weak and concerns about inflation boost demand for the metal.
Gold for August delivery rose $16.70 to settle at $982.30 an ounce after hitting an intra day high of $992.10 an ounce earlier this week.
The metal is up 11% from its mid April low of $869.50 an ounce as the U.S. dollar has tumbled against rival currencies. Gold and other commodities that are priced in dollars often gain ground when the greenback weakens.
The recent run up has raised bets that gold could top $1,000 an ounce for the third time ever. Gold rose to an all-time settlement high of $1,003.20 an ounce last year. It made another big push early this year, closing at $1001.80 an ounce Feb. 20.
In both cases, jittery investors flocked to the metal to preserve capital as the financial markets erupted in volatility.
Thursday, June 4, 2009
By Halia Pavliva
June 4 (Bloomberg) -- Gold prices rose on speculation that the slumping dollar will spur inflation, boosting the appeal of precious metals as a hedge. Platinum surged more than $55 an ounce to the highest since September.
In May, the dollar fell 6.4 percent against a basket of major currencies, the biggest drop in 24 years. The greenback resumed its decline today, sending commodities higher. The Reuters/Jefferies CRB Index of 19 raw materials rose as much as 2.1 percent.
Gold futures for August delivery rose $16.70, or 1.7 percent, to $982.30 an ounce on the Comex division of the New York Mercantile Exchange. Yesterday, the price reached $992.10, the highest for a most-active contract since Feb. 24.
Platinum futures for July delivery jumped $48.80, or 3.9 percent, to $1,293.30 an ounce on the Nymex. Earlier, the price reached $1,301.90, the highest since Sept. 9.
Platinum climbed for the seventh straight session, the longest rally since January. Holdings in ETF Securities Ltd.’s exchange-traded fund backed by the metal have jumped 74 percent this year.
Silver futures for July delivery gained 58.5 cents, or 3.8 percent, to $15.895 an ounce on the Comex.
This year, silver has jumped 41 percent, platinum is up 37 percent and gold has gained 11 percent.
‘Fears of Inflation’
The Wall Street Journal
June 2, 2009
Gold and silver futures bounced from overnight weakness Tuesday in response to a softer U.S. dollar, although the metals also ran into bouts of profit-taking.
August gold rose $4.40 to $984.40 an ounce on the Comex division of the New York Mercantile Exchange. July silver rose 22 cents to $15.955 and peaked at $16.02, its strongest level since August.
“Overnight, you had some profit-taking across the board in commodities,” said Bob Haberkorn, Lind-Waldock senior market strategist. “People were anticipating dollar strength on [Treasury Secretary Timothy] Geithner’s comments in China.
Wednesday, June 3, 2009
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CNBC is now reporting that Gold may top $6000 an ounce along with silver at $600/oz in the near future caused by the banks failures and the...
This is the presentation Mike Maloney gave at a private wealth creation group in Puerto Rico. This is the most all-inclusive presentation...
Iran to sell its Oil for Gold ,what will you have real money in gold or silver or fiat promissory note that looses value daily ! Gaddafi t...
Gold dropped below $1,661 this morning so why in the world is going on ? Expert Phil Streible says that it is mainly due to the liquidation...
Silver guru David Morgan who predicted recently that he sees Silver doubling in price in 2012 ( going to $60/oz) is interviewed by Max Ke...
Fed's attorney Scott Alvarez boldly admits that the Federal Reserve has no Gold whatsoever backing the US Dollar : "The Federal Re...
Gold and Silver went up 500 percent during the 2001 Economic Collapse in Argentina , during any economic collapse people go back to the re...
Max Keiser takes on Jon Nadler of KITCO Nov 2006: Jon Nadler predicted gold average to be $800 per ounce for 2010. The 2010 high was $...
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