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
NEW YORK (TheStreet) -- Daniel Willes, senior analyst at EFT Securities, says a stronger dollar and a rate hike in China will weigh on gold prices but that investors are...Gold prices were slipping Wednesday because gold indexes and the spot price down more than five dollars. Joining me is Daniel wiles senior analyst at ETF securities. And Daniel today's sell off in gold is it just profit taking or is -- something else going Gardiner.
Max Keiser talks about his buy silver campaign.the details of silver, JP. Morgan's manipulation and naked short positions, and how it will rocket to the moon in price They have manipulated the price down. That is a buy signal if there ever was one!
JP Morgan is hurting and are desperate to push the price down. Fight them keep buying and we will win!
JPM liquidation crashing prices, SALE SALE SALE BUY BUY BUY SILVER!!! Silver prices went down to about $28/oz which is a sale. Silver doesn't grow on trees like paper for money. In less than 25 years all the silver mines will be dried up and only biproduct silver from base metal mining will be left. Silver is a golden opportunity for the intelligent poor to get rich.
In China, imports of the yellow metal could be multiplied by six this year. Gold is seen as a refuge against inflation. Its success reflects the opulence of the new affluent classes. The obvious conclusion is to read the figures recently reported by Shen Xiangrong, president of the Shanghai Stock Exchange. According to him, China's imports of the precious metal reached 209 tons during the first ten months of this year. That compares to 45 tons imported in all of 2009. The appetite of the world's factory for raw materials is a key player in the world. However, despite the dramatic increase of its reserves, the Chinese ogre is still wise in gold. The Middle Kingdom wants to increase its reserves, but the monetary authorities are aware of the impact of their purchases of gold on his recovery. So first they seek to increase their reserves through their domestic production, not to cause a surge in gold prices. The global financial crisis has affected the behavior of investors, now anxious to preserve their heritage and to avoid excessive risk taking.
According to some projections, we now expect that 2010 ended with a sixfold increase in imports of gold from 2009. Investors are clearly looking for security, because the silver, palladium, or platinum, are also rising. There is international causes, including increased concern around the Korean peninsula and the euro area. But in the case of China, another factor intervenes: the surge in inflation. After rising 4.4% in October, a record 25 months, prices could slip even 5% in December, if we are to believe a recent study of Bank of America-Merrill Lynch. But for Beijing, this is potentially worrying drift politically, since the priority penalizes the poorest households. Measures to slow the economic machine, and including blocking bank lending, have thus succeeded in recent months. At touchdown the Shanghai Stock Exchange, after several months of enthusiasm, has entered a phase of doubt in mid-November.
Furthermore, the Shanghai Stock Exchange, trading volume on gold is up 43% over the first ten months of the year, but 247% if we focus exclusively on transactions for behalf of individuals. A craze that also reflected the new wealth of some Chinese classes. Which affects all kinds of markets, some of which may seem unexpected.
Max Keisertalks about his buy silver campaign.buy SILVER, close traditional savings accounts that give you NOTHING IN RETURN... BoA gives me 0.1% in my savings account...Jp Morgan is going down,The best thing that could happen is for these mega banks to collapse! I'm all for it great! The mega banks are a global cancer The Us economy is going to crash after after a few more European countries fail. When you start protesting about the price and lack of food they will use anti-terror laws to put you in to the Fema camps so they can use you as slave labor to compete with China.
In this video, silver guru David Morgan of Silver-Investor.com explains how to optimise your silver trades, especially when silver prices reach record highs.
Do the Math....present day 1/4 the amount of physical Silver today as there was in 1980......and..... 10 times more investors (Globally) today than there were legally allowed to participate in the market in 1980. Hmmm....this has the makings of literally an unbelievable amount VALUE for Silver unlike anything we have seen before.It may even get back to a 15 to 1 ratio with gold instead of the present 45-50 to 1 ratio. Silver is the Poor man's gold that can and will do a better job of appreciating!
Gold price hits a new record of $ 1,427.55 an ounce and then backed off in Asian trading with immediate delivery at $ 1,421. The precious metal futures for delivery in February, are sketched in the night to $ 1,429.40.
Analysts predict a further rise in the next trade.
Silver demand is surging after QE3 , silver at $30 today , should already be $80 with gold at these prices. No biggie because in a few years, we can see silver at $500. It really depends on the people, if they want it to be $500, we can get it done!!
seems like the Fed can't do anything right in the last few years?! the FED can print as much money as she wants and pt it in circulation we the dollar bearers and savers bear the costs cause we have to work for our dollars while the value of the dollars we have in our pockets is dropping by the minutes ....
In this video, David Morgan of http://silver-investor.com expresses his view on gold and silver bar and coin testing. He also touches the matter of faking gold and silver. GoldMoney has implemented ultrasound gold bar testing to ensure the integrity of the gold stored for its customers.
Sun. Dec. 5 2010 | Enzio von Pfeil, CEO at Economic Time Bond Fund, says the opportunity cost of holding gold is minimal as interest rates will remain low for some time to come. He makes a case for investing in the precious metal now, with CNBC's Bernard Lo & Chloe Cho.
It is only a matter of time for the rampant fraud to truly be exposed. Silver is at $29.80 today .
They won't be to hold it down much longer...everyone needs to put all they got into silver years ago. Its going to be to late next year.Silver and Gold are surving attacks by the global finacial elite to suppress precious metals prices. Last Month World Bank head Robert Zoellick planted a piece in the Financial Times where he feigned interest in having a gold standard re-instituted. Then the Conspiracy went into effect. China began by raising reserve requirements for its banks Next the Chinese government leaked word that it was "planning interest rate increases"( all within the span of a couple of days. The conspiracy became apparent when an unprecedented move by the CME Group (owner of the Comex exchange) to radically increase margin requirements for silver halfway through a trading session took hold. This was immediately followed by yet another increase in bank reserves by China's government. Silver and Gold buyers held strong and kept buying dips. For now the banks have been defeated.
In this video, David Morgan of http://silver-investor.com discusses when and how to buy silver coins and silver bars. It all depends on the size of your portfolio and individual preferences.I am really enjoying this series of videos with David Morgan. He seems to be a very honest and down to earth guy
Too big too fail banks like JP Morgan and HSBC have been artificially manipulating the price of silver and gold, scamming the tax payer, and ultimately will lead to the biggest financial disaster in the history of human financial civilization. The run on the comex has begun. The COMEX offered dollars instead of physical metal on December 1st silver deliveries. GAME OVER.
There are two class action lawsuits against JP Morgue for supressing the price of silver and one commissioner of the CFTC (Chilton) admitted that the price of silver has been manipulated .I really like this, it's cute. It also gets the point out just how corrupt these people are.Great video!!! If the farts don't wake up people,I don't know what would!!! Good Job Mr.Silver
Every time you buy Precious Metals or other assets, you are declaring your independence from Banks and Governments. You are taking wealth out of their hands and putting it into your own. This isn't advice, just what I've done. It's a tough choice, but if you decide to do it, do it soon while it's still legal, and before the government decides to seize your 401k for "the good of the country."
Never tell anyone that you have physical metal. Buy a big safe, pick it up and install it yourself , hide some metal in a place that is not normal for precious items to be found. Stay away from banks and their vaults. You do not want counter-party risk of any sort, that defeats the whole purpose of getting into precious metals. Also keep in mind Patriot Act as well that allows banks to look whats in your safety deposit box. keep your metals with you, invest in some mining companies if you want leverage and can handle some risk, and you can even get with goldmoney to get your metal in Hong Kong, but I would not give it elsewhere .In this video, David Morgan of Silver-Investor.com advises on how and where to store your physical silver and gold. Diversify and have several places to store gold and silver is his advice.
Andy Gauseis one of the most respected monetary historians and contemporary experts on the American and international banking systems. Andy has a tremendous understanding of our monetary and economic systems and has attracted a wide following with over 1,000 TV and radio appearances. Andy publishes a newsletter and has authored two books. (text via coasttocoastam.com )
The CPM Group's Silver Yearbook : contains definitive and detailed statistics graphs and analysis on the international precious metals markets and in particular the silver market, including analysis of supply and demand trends, bullion and futures market activity, projections for the next year, and detailed statistics on mine production, secondary recovery, central banks, fabrication demand, investment demand, prices, futures and options activity, and other aspects of these markets.with an in-depth analysis of each silver market segment, including mine production, secondary silver recovery from scrap, government disposals, fabrication demand by region and by use, and investment demand , it is definitely a must read for all you silver and gold bugs out there and makes an excellent Holiday gift .....
Max Keiserreiterates the value of the people buying silver to expose the manipulation in the silver market by J.P. Morgan. JP Morgan has billions of dollar in bets that the price of silver will stay low. If the price of silver stays above 25 and goes even higher it mean JP morgan has to pony up and cover their bets buy buying more silver which in turn will drive the price up even more! This quickly becomes very expensive for JP morgan. I believe it will force the US government to step in and save the too big to fail bank or let the bank fail.
WIN-WIN SITUATION FOR THE SILVER BUGS, DESERVE IT FOR ALL THE DUE DILIGENCE AND HARD WORK THEY HAVE PUT INTO IT OVER THE YEARS, RATHER THEM THAN THOSE DAMN BANKSTERS!
Max Keiser and Alex jones get together again to talk about the Crash JP Morgan Buy Silver Campaign which has gone viral. . Don't let the bankers pee on your head and tell you it is raining. Hit them in the nuts by buying silver! The bankers think you are their slaves. Fight back America!
Philip Manduca, head of investment at ECU Group, speaks to CNBC about the "stress tests" for banks, the bear market rally and gold. He foresees inflation, currency devaluation and a second wave of massive deleveraging on the horizon, and is therefore very bullish on gold.
"You will, in my opinion, see gold well above $1500 before the end of next year, based on risks of inflation, because it's the only way we're going to get out of the debt problem; [you will also see] currency debasement and devaluation, because it's the only way we're going to get out of the debt problem, and of course [you will see] the potential for a massive debt bust", he said.
When it comes to navigating the world's capitals, Moscow is the city most likely to drive motorists up the wall. Its aging roads are considered to be some of the worst in Europe, yet construction costs ten times more than it does in Germany. For some hard-done drivers, the only way to cheer themselves up is to spend a wad on their wheels, as Oksana Boyko explains.
LONDON (Commodity Online): Marc Faber, publisher of the famed Gloom Boom Doom Report says despite the boom in gold prices, there is a likelihood that the yellow metal may fall to $1200 levels. But Faber insists that the gold bull market is solid and continues to be intact.
Faber, whose monthly outlook on commodities, equity markets, currencies, bonds and the emerging markets, is always respected by traders and the global business community says gold and silver are the hottest among commodities and people will continue to invest in them.
Faber says he continues to buy gold ounces, but points out that a correction to $1200 would not surprise him. read full article >>>
Dr Marc Faber wаѕ born іח Zurich, Switzerland. Hе wеחt tο school іח Geneva аחԁ Zurich аחԁ fіחіѕһеԁ high school wіtһ tһе Matura. Hе studied Economics аt tһе University οf Zurich аחԁ, аt tһе age οf 24, obtained a PhD іח Economics magna cum laude. Between 1970 аחԁ 1978, Dr Faber worked fοr White Weld & Company Limited іח Nеw York, Zurich аחԁ Hong Kong. Sіחсе 1973, һе һаѕ lived іח Hong Kong. Frοm 1978 tο February 1990, һе wаѕ tһе Managing Director οf Drexel Burnham Lambert (HK) Ltd. Iח June 1990, һе set up һіѕ οwח business, MARC FABER LIMITED wһісһ acts аѕ аח investment advisor аחԁ fund manager. Dr Faber publishes a widely read monthly investment newsletter “Tһе Gloom Boom & Doom Report” report wһісһ highlights unusual investment opportunities, аחԁ іѕ tһе author οf several books including ” TOMORROW’S GOLD — Asia’s Age οf Discovery” wһісһ wаѕ first published іח 2002 аחԁ highlights future investment opportunities around tһе world. ” TOMORROW’S GOLD ” wаѕ fοr several weeks οח Amazon’s best seller list аחԁ іѕ being translated іחtο Japanese, Chinese, Korean, Thai аחԁ German. Dr. Faber іѕ аƖѕο a regular contributor tο several leading financial publications around tһе world. A book οח Dr Faber, “RIDING THE MILLENNIAL STORM”, bу Nury Vittachi, wаѕ published іח 1998. A regular speaker аt various investment seminars,
Max Keiser - financial analyst and host of RT's Keiser Report - has launched a viral campaign to bring down JP Morgan - dubbed by Keiser as main global financial terrorists.Mass silver buy 11th December 2010, spread the word! And if you buy silver, it´s a good investment. Because if there´s such a demand you´ll see an increase in price ! So than YOU make interest, instead of the banks !
Gold prices are poised for a “spectacular” and prolonged rally as the recession deepens and investors finally become disillusioned with the U.S. dollar.
So says renowned Wall Street financial forecaster and economist Peter Schiff, who loudly warned of the October 2008 stock market crash and accompanying recession as far back as 2006.
Since the global economic meltdown, the president of the Connecticut-based investment firm Euro Pacific Capital has struck a chord with rattled investors who have lost faith in America’s bedrock financial institutions. Hence, his well-received television media blitz in recent months has focused on extolling the virtues of owning gold bullion or gold equities, as well as urging Americans to get out of U.S. denominated investment assets.
In a recent on-camera interview with BNW Business News Wire, Schiff suggests that the looming prospect of a hyper-inflationary environment in the U.S. will severely debase the greenback over the next few years. And the global investment community will realize that gold represents the ultimate “store of value” as a safe haven replacement for a discredited U.S. dollar.
Hence, gold bullion and gold-related investments, such as gold equities, will prove to be the best way to shield one’s money from the ravages of a protracted and severe inflationary environment, Schiff says.
“If you really want to grow your wealth, you should own gold in the mining sector,” he adds, while also suggesting that gold equities (companies that are already in production) offer the greatest leverage to rising gold prices. Read the rest of the article
NEW YORK (TheStreet) --Jon Nadler, senior analyst for Kitco.com, says gold is in for a volatile holiday season.
Jon Nadler,...: I think there waiting for the holidays frankly. Overnight sessions. Really looked very lackluster narrow ranges it's basically a dollar slash Euro situational. You know paradigm right now we're looking at. You know the ECB having left rates at 1%. Mr. trichet saying that yes the bond buying programs will continue through Q1. Next year. And of course that doesn't have any. -- stronger Euro and under the and the dollar still receiving a chairman of safe haven bids from this perceived potential contagion over in Europe so that's kind of dynamic. Thing you know it's it's keeping gold at least supported the change -- thirteen hundred's but it has thus far been unable. To penetrate it and over 14100 -- and try to recapture you know -- most recent pinnacle and so we have that is not -- still the threat of and cost more sizable corrections....
Dec. 2 2010 | Jay Taylor, president of Taylor Hard Money Advisors, says the real rise in gold prices is fueling the bull market for the precious metal. He speaks to CNBC's Bernard Lo about China's growing appetite for gold.
Peter Schiff : the FED creates money out of thin air . As Russia is set to receive a huge economic boost due to the announcement today that they will host the World Cup in 2018, the United States is still suffering from a sluggish economy that is not producing jobs. At the height of the financial crisis, major financial institutions needed a bailout from the US government but the US yet to impose stricter financial regulations, weakening the US dollar.
http://www.royalmetalsgroup.com/With Stocks, Precious Metals & Commodities up, one can only assume that we are in a "Year End Meltup". With China & Russia giving up on the dollar, the question is when will the US economy face the same type of inflation that is now devastating food prices in China. QE2 to infinity is not a sound economic policy. Other countries will only allow the exporting of Inflation for so long. When other countries, like Russia and China, begin to move away from the USD, what contingency plans to we have left.
Canadian Maple Leaf GoldBullion Coin is one of most popular pure gold coin in the world produced by the Royal Canadian Mint Guaranteed by the Government of Canada and traded in world markets since 1979,over 20 million troy ounces have been sold since then .The Mint's high-tech plant in Winnipeg produces over 1 billion circulation coins each year. Universally recognized for quality and purity Gold Canadian Maple Leaf coins have become some of the most desirable bullion coins in the world today. Available in four sizes of, one-ounce, half-ounce, quarter-ounce and one-tenth ounce, all are beautifully struck with a gold purity of .9999. As a government issued gold bullion coin, it was the second to become available, after the South African Krugerrand.
The Canadian Maple Leaf Gold Coin from the Royal Canadian Mint is Canada's Gold Bullion. Canadian coin collecting of the Maple Leaf Gold Coin is because of its high coin values and gold content.
Manufactured in Canada by the Royal Canadian Mint, the Canadian Maple Leaf Gold Coins are made with 99% pure gold bullion.
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says why gold's breakout is not a fake out and reveals if an investor should buy at these high...
Will Rhind,.....What is this time we know -- seen the correction in gold and a few weeks ago. The markets stabilize from that we sought to build a little bit of -- And this on the 14100 fake there's a bit more. Political concern now that. That more economic concerns specifically in Europe and therefore go prices -- supportive of this level. How much of it is -- on debt fears and how much administrative technical trading headed into the year. What think that right now from my perspective program from our primarily driven by Euro zone debt crisis -- the moment. I'm a little bit of heightening tension in the Korean Peninsula as a political risks coming and that's -- the end of the year. But also we've seen some pretty good job numbers out today in the US. The economy looks to be getting a little better and therefore gold is moving up as a result of this of risk asset trade all of stronger dollar however we do continue to -- pressure on your vehicle prices....
David Tice the case for Gold , we are making it worse down the road , QE2 is counterfeit money , we are debasing the currency we will have inflation of more than 10% , we should let the economy cleans itself , more foreclosures got to happen we have to go down before we go up ....says David Tice
Christie's Hong Kong sells its highest priced jewel at the autumn sale on Monday. A rare 14-carat diamond called the "The Perfect Pink" sold for more than 23 million U.S. dollars after an intense bidding session.
[Francois Curiel, President, Christie's Asia]: "The star lot of the auction, the last lot of the auction, was a fabulous 14 carat pink diamond which was sold for 23 million U.S. Dollars. Now that's a very high price. It's the highest price for a diamond ever achieved at auction in Asia."
Curiel says the clarity and purity of the pink was the reason for the high price.
So far only 18 pink diamonds bigger than 10 carats have ever gone on the block in 244 years of auction history.
The auction is the largest jewelry sale held in Asia and the biggest worldwide.
[Francois Curiel, President, Christie's Asia]: "We had a fabulous jewelry auction on Monday night in Hong Kong at the convention center, where more than $80 million U.S. dollars changed hands in less than four hours. And Hong Kong has now proven that it is the center for jewelry auction in the world."
The company's week-long sale of wine, art, antiques, watches and gems is expected to total more than 200 million dollars.
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals his gold trading strategy for 2011.
Phil Streible"....You know we're years and any of that weakness here we could see what -- you know some of the -- requirements were increased. -- from the exchanges on metals futures and that's been a while are we saw initially a steep pullback on net. Or use those opportunities is still bill positions and that -- solar market if you look Nicholas allred it appeared on -- into foreign currency is whether this dollar Euro the British pound. Are basically and you don't gold prices -- from that and what it's all too is that it's an asset class is working on its own it's continuing to rise....."
Gold and oil both are advancing Wednesday as the U.S. dollar backed away from its highest levels in two weeks ahead of European officials meeting on Thursday to work on steps to keep the region's debt problems from further spreading. Copper also is higher.
Gold, in particular, has benefitted in recent days from Euro-Zone uncertainty as investors sought out presumed safe havens. At last look, February gold was up $11 to $1397.10 an ounce, the first time in more than two weeks that the yellow metal has approached the $1,400 mark.
The front-month crude oil contract is $1.27 higher at $85.37 a barrel, climbing past Tuesday's settlement price after earlier sinking to a low of $83.63 yesterday afternoon, soon after the end of the NYMEX floor session. Brent crude has followed roughly the same path in London trade overnight, with the January contract up 1.6% to $87.30 a barrel.
Copper is rising this morning after faster-than-expected manufacturing growth in China and increasing U.S. consumer confidence boosted the outlook for the global economy. The gain is boosting diversified miners, with BHP Billiton (BHP) and Rio Tinto (RIO) both climbing more than 2% in Wednesday pre-trade.
One possible limit on industrial metals today, however, could be warnings from a senior executive of JFE Steel Corp. that steel inventories in Japan are too high after an industry report this morning showed that steel stocks hit a 22-month high of 6.53 million tons at the end of October.
NEW YORK (TheStreet) -- Brian Hicks, co-manager of the U.S. Global Investors Global Resources Fund, says he thinks gold prices are ready to pop.
Brian Hicks,: "....we've been bullish -- for some time -- really the the factors that are driving gold remain in place. -- issues with what's happening in Europe the sovereign debt crisis. That's been ongoing. For about the last six to nine months yourself and it doesn't look like workers she released any time soon. That's drawing a lot of money flows out of the Euro. In Q gold as well the --
But despite -- double digit and that -- seem like old. Stuck in some kind of trading range we can't -- take to really break and hold that thirteenth fourteenth and end up.
Well I actually. From personal standpoint I think we are nearing. -- Just looking at the charts and and looking at the news flow -- such. I think will be north of 14100 -- between now and year and I think that momentum is starting to. Pick up...."
Nov. 29 2010 | While gold is in a strong uptrend, Aaron Smith, MD at Superfund Financial, says the upside potential for silver is greater. He tells CNBC's Bernard Lo that the price of the white metal will shoot up above $60 per ounce as central banks begin to tighten monetary policy.
Nov. 29 2010 | Gold prices could continue to trend higher as we head into year-end and into 2011, believes Erik Wytenus, head of FX & commodities at JPMorgan Private Bank. He tells CNBC's Oriel Morrison what contributing to his bullish views.
Friday Oct 29th, 2010, I ran into Peter Schiff at the conference. He was nice enough to answer some questions on video eventhough he had a busy schedule. I've been a huge supporter and fan of Peter for 2 years now and it was such a thrill to be able to talk to him. I agree with most of what Peter Schiff says on most issues and he is one of the smartest people in politics and business today. I disagree with his comments about his doubt that PM are manipulated and that GATA is not connected to the silver suit. Peter Schiff is as much a gentleman in person as he is on TV - And he is so intelligent - None of these questions were scripted. He is so sharp.
Peter Schiff on Fox Business Gold soon at $5000 or more : Gold is not changing in value it is the dollar losing value what gold really tells you is what the dollar and other currencies are worth it is a measure of the purchasing power so as the dollar loses value you need more dollars to buy something like Gold , the Gold could go up to $5000 before it is over it could go even much higher than that
CRASH JP MORGAN BUY SILVER NOW The greatest opportunity in the history of mankind best selling author Mike Maloney (Rich Dad's Guide to Investing In Gold & Silver) explains .People think that since now that its at its all time high, they shouldnt invest, thinking that it will go back down. But ITS NOT STOPPING!!!!!!!!!!!
Gold fell 1 percent on Friday as the dollar pushed to fresh two-month highs against the euro on worries that Ireland's debt crisis was spreading and on growing speculation of an imminent Portuguese bailout.
However, gold was underpinned by some modest safe haven buying amid investor nervousness over the European debt crisis after a newspaper report that euro zone nations were pressuring Portugal to follow Ireland's lead and seek a bailout. Portugal and Germany's finance ministry denied the report read entire article
Jim Turksays 'HOLD YOUR POSITION.' Silver could be at $30 in a matter of weeks. And a brief web bot discussion about the epic event predicted for Nov. 8 - 11. Things are falling into place for the death of our currency. Heaven help us.
NEW YORK (TheStreet) -- Nicholas Brooks, head of research and investment strategy for ETF Securities, says despite any rate hike in China, investors will continue to look...
Nicholas Brooks : ...I think the -- will be pretty immutable again I think most of the investors in Asia. Are either accumulation -- Within medium to long term accumulation in mulling whether it's the Chinese Central Bank or whether it's private investors. To the extent that they can access gold. Are so my own sense is that. -- are structural factors that are unlikely to be affected by -- relatively small movements in monetary policy and again I think the key point to remember China is they have no interest whatsoever in. Slowing growth sharply they're just tried to temper some of the overheating that we've been seeing on the over the past year -- so.
If they are able to stem inflation however won't that hurt investors -- have been buying gold as a hedge against inflation.
Well again I think in my mind one of the main reasons investors have been buying gold has really been -- currency debasement argument not so much. Directly inflation -- one -- basic currency through inflation but one can also -- basic....
Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp, explains what has caused the gold price to rise over the past decade. The gold price is going up because it is an alternative currency and the ultimate currency. Other currencies are being debased and in general there is a high level of debt at government, corporate and personal levels. People buy gold to diversify their investment portfolio.
Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains that whether to buy physical gold bullion and/or gold mining stocks depends on your risk profile. He compares junior gold mining stocks with senior gold mining stocks. Video recorded on November 5, 2010.Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp, predicts a gold price of $5,000 by the time it peaks. He acknowledges the role of gold as money. People invest in gold to protect their other investments.
GoldMoney, one of the world's largest providers of physical bullion for retail and institutional investors, is now using ultrasound technology to test for foreign material and defects within the gold bars that it stores for its customers. GoldMoney has teamed up with GE Inspection Technologies to examine all the gold bars stored in its vaults in London, Zurich and Hong Kong to ensure that each bar meets the new 'GoldMoney Standard'.
- No tungsten gold bars
- No fake gold bars
- No poor quality gold bars
Some Economists are reporting that QE2 will top 1 Trillion Dollars. We are already seeing the effects of this unprecedented money printing in the price of Gold and Silver. With commodities surging expect food and energy to surge this winter. The lower middle income earners spend a higher percentage of their incomes on these basic items. Inflation and Hyperinflation will effect these individuals the most.
Nov. 23 2010 | "If there is decisive action, clear action on Ireland and it fails, then we will be facing a far larger problem in Spain very quickly," Tim Linacre, CEO of Panmure Gordon, told CNBC Tuesday. Steve Barrow, head of G10 research at Standard Bank, joined the discussion.
"Total silver supply reached 858.0 million ounces last year. This tonnage was up 2.4% from 2008 levels and it also constituted a record volume of silver supply. A further 2.5%-5% increase in total silver supplies is projected for 2010. The largest increase in total supply last year was from a 4% bump recorded by global silver mine production. Around 22,100 tonnes or 709.6 million ounces of silver were estimated to have been mined in the world in 2009.
NEW YORK (TheStreet) -- Scott Redler, chief strategic officer for T3Live.com, reveals the one stock he thinks could pop in 2011 and how to buy it.
Scott Redler, : ....I have been watching NovaGold Resources I've played a lot of the that your name's a lot of -- that means you know -- Newmont. And PPX and you put this one I feel like technicals Korea and their minds are at full capacity. Huge resource. -- It's it's it's got thirteen fourteen dollar -- trading above the moving averages technically it seems that it's under accumulation. And fundamentally the -- is intact and it's hard to trust. Gold stocks because everyone says problem with their minds are there are always in the other countries and you can't really don't human touch him. But their management is great -- CEO. As talking on the story about how well do you usually do that that I would try to make themselves look bad. So at this point I would say -- look at it up up and moving averages maybe trying to accumulated anywhere between. 1213. Maybe around that area that's right above the fifteen and 21 day. And then that's a particular point. Above fifteen would be a momentum trade now -- that move that could help investors next year......