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
Robert Kiyosaki : I better be street smart than college educated , the Obama administration as well as all the big corporations are full of college educated kids with no real world experience , they will have to increase either inflation or taxes ,Israel will attack Iran every time there is an economic problem they have to create a war , wars cannot be financed unless you have inflation and taxes , The reason the US can fight so many wars is that it can tax but also inflate the monetary system by printing money ...whatever everybody is doing do not do it ....the one I am watching more than anything else is Silver , Silver is an industrial metal unlike Gold and today there is less silver in the world than there is gold ...says Robert Kiyosaki
NEW YORK (TheStreet) -- Nicholas Brooks, head of research and investment strategy for ETF Securities, argues that the inflation fear trade is back in the markets and will help move gold prices.
David Morgan Silver 2010 predictions q1 howestreet Knowing what will happen in Year 2010. Preparing for yourself for the coming challenging in the world. Find out the solution and Visit http://silversnowball.com/2030 It has been widely published in scientific circles that silver will be the first element from the periodic table to become extinct. Adrian Douglas builds a strong case for why silver must eventually sell for many multiples of its current price. http://silversnowball.com/2030 Why an $1800 Investment in Silver Today Will Likely Be Worth $100,000 Within The Next 15 Months http://silversnowball.com/2030 As the value of the dollar declines, the price of silver and gold increases reflecting the loss of purchasing power and trust in the dollar. This is why gold that sold for $250 per ounce in 2002 now sells for over $1162 per ounce today. The value of gold has not increased. Rather, its price in dollars reflects the decreased purchasing power of those dollars. Now here's how to take advantage of the dollar collapse to get out of debt, pay off your mortgage and more. At the time of this writing (12-5-09) the spot price of silver is $18.50 per ounce. I know this may be hard to believe for many, but when the dollar is devalued and a national banking holiday is called to realign banks with the newly devalued dollar, silver will soarNoLet me restate thatThe cost of silver will shoot up and skyrocket to unbelievably high dollar amounts. Visit http://silversnowball.com/2030 to see how you can start getting your own silver eagle coins from silver snowball below spot price!
NEW YORK (TheStreet) - Scott Redler, chief strategic officer for T3Live.com, thinks gold is looking healthy here, despite its small pullback, and he's looking for the right buying opportunity to add more shares of the GLD.
London metals trader Andrew Maguire, who warned an investigator for the U.S. Commodity Futures Trading Commission in advance about a gold and silver market manipulation to be undertaken by traders for JPMorgan Chase in February and whose whistleblowing was publicized by GATA at Thursday's CFTC hearing on metals futures trading --
Source and to read more >>> The French connection with Daryl Brad Smith and Mohamed Rafeeq goes back in details analyzing the gold and silver rigging especially in the light of these new information from Canada stating that the vaults of the Scotia Bank were found semi empty of the gold and silver that they were supposed to be storing for thousands of clients who have bought gold certificates , we are certainly going to hear more news about these market rigging by JP Morgan chase and other Big Banks and institutions ..are the gold certificate worthless pieces of paper ???
James Turk on Goldseek Radio dated April 7th, 2010. James discusses the recent hearing on gold and silver price manipulation before the CFTC. Also talks about where he thinks the gold and silver price are headed. James Turk is the author of The Collapse of the Dollar and How to Profit from It: Make a Fortune by Investing in Gold and Other Hard Assets
Ross Garnaut, chairman of Lihir Gold says there were several reasons they rejected a takeover bid from Newcrest including a too small premium. He discusses the other reasons during a phone interview with CNBC's Oriel Morrison.
Chinese demand for gold set to double in the next decade. Although a leading gold producer, China is now looking overseas for more supply. China is now considered the world's largest producer of gold.
But most of it stays in China, where Tony Cheng reports people see gold as a safe, solid investment in uncertain economic times.
Bill Murphy, Chairman of the Gold Anti-Trust Action Committee delivers his testimony about gold price suppression to the Commodity Futures Trading Commission on 3/25/10.
For any long term purchaser of silver, there is no agency more important than the Commodity Futures Trading Commission, or the CFTC. The CFTC is charged with ensuring that the futures markets are trading fairly at all times and investigating manipulative trades and fraud within the trading system. Now more than ever, the CFTC is critically important in investigating banks like JP Morgan and their roles in manipulating market orders.
Whistle Blowing on Futures Manipulation
At the center of the investigation into manipulation is Andrew Maguire, who in November 2009 contacted the CFTC to expose front-line JP Morgan traders for market manipulation. Maguire claims that he had personally spoken to several JP Morgan futures traders, who alleged the firm manipulates the silver market and makes billions of dollars annually by pushing the market in its favor.
This comes with little surprise to those watching the silver market, as for years on end, the number of shorts in the market has long outpaced the amount of silver that is believed to have ever been mined. This type of naked shorting allows firms like JP Morgan and others to flood the market with silver contracts and drive down the price, allowing profits to be pocketed on derivative-style bets made on other “off the book” markets where no physical metals are traded.
In addition, firms engaged in this activity can make a fortune in stocks, selling off shares of miners as the price of silver dips. Full article
We are living in an inflation era. Inflation is a general and progressive increase in prices. Gold is the perfect hedge against inflation and it has been used as money for thousands of years.
Invest in gold and soft commodities for the next 3-5 years, says Vasu Menon, vice president for wealth management at OCBC Bank, speaking to CNBC's Oriel Morrison. He is also positive equities medium-term but recommends diversification as markets are not on a clear upswing.
NEW YORK (TheStreet) -- Brian Hicks is the co-manager of the U.S. Global Investors Global Resources Fund, says euro instability will continue to spook investors and support higher gold prices.
March 25 (Bloomberg) -- Jeffrey Nichols, managing director at American Precious Metals Advisors, talks with Bloomberg's Matt Miller and Carol Massar about his forecast for gold prices. (Source: Bloomberg)
Western investment demand for gold will stay well-supported regardless of the economic outlook, says Rozanna Wozniak, investment research manager at World Gold Council. She tells Michael Yoshikami of YCMNET Advisors, CNBC\'s Martin Soong & Karen Tso why.
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