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
Flash news on Silver Bullion Silver is not currency but rather money!! You cant print silver but you can print currencies.
- Later this year, the United States Mint will begin offering to silver bugs a new silver bullion investment coin. The silver coins will feature the designs of the America the Beautiful Quarters and contain five ounces of .999 fine silver. - The Perth Mint has achieved another sell out from the popular Australian Lunar Gold and Silver Bullion Coin Series The success of the annual Series, which features the animals of the ancient Chinese zodiac, is highlighted once again with the 300,000 mintage of 2010 Year of the Tiger 1oz silver bullion coin now sold out. - A 1794 silver dollar will highlight the Collectors' Auction to be conducted Oct. 15 by Scotsman in conjunction with the Silver Dollar and Rare Coin Expo in St. Charles, Mo.
This was "French Lesson For Silver Bugs" Silver is sound-money, the other is fiat-currency.
Before 1971 you could call todays fiat-currency for money, becourse it was backed up with gold.
All currency today world wide is Fiat-Currency, none of them is money after 1971 more or less !!
All national banks today is backed up to the US$ as they see as a fictive reserve.
Fiat Currency took the worlds nations/goverments about 50 years to make people as us accepted/get use to it.
Thats why today Fiat Currency is a illusion of value !
Take a virtual class with a Fisher Gold Bug II VLF metal detector and start looking for gold nuggets with ArizonaGoldAdventures.com in the Arizona gold fields! Watch as ArizonaGoldAdventures.com's Chief Prospecting Instructor shows you how to pinpoint, then properly dig your target so that if it is a beautiful gold nugget or specimen, you wont damage it with your pick!
Gold vending machines are coming to Las Vegas. At JCK, the jewelry industry's premiere trade event this weekend, the Hon group is introducing the Gold Rush Kiosk.
what does "at current market price" mean? I bet they're selling it at a huge % over spot to cover costs of the machine and make a big profit. Don't get me wrong, I'm a gold bug and think this is kinda cool but I'd rather buy from my local coin dealer and get a better deal. It's certainly better than putting in a plastic card and getting paper (fiat) money back! they don't tell you how many ounces your buying. I saw a $50 button, so it must sell gold by a fraction of an ounce or something. $50 for .00005 of an ounce. hahahaha plus you don' t know if it's real gold. Looks like they are selling the packaging on it more then the amount of value of gold.There is a commission for the supplier. (like a mobile coin store) This has great possibilities in certain locations and I like the fact that you are able to buy .5 grams to make it affordable for all.
23 Ounce gold nugget found near Maryborough, Victoria Australia on 11th January 2009. Found with Minelab SD2200d metal detector equipped with Coiltek 14" DDPro coil and reg. li-ion battery system. Depth of nugget was 18" (45cm) deep. Sorry about the wind noise and video converter logo :-(
The American Dream
December 18, 2010
Why are the Chinese buying so much gold? In 2010 it has been demand out of China that has been one of the primary factors for the dramatic rise in the price of gold. Gold is up approximately 26 percent this year, and most analysts expect it to go even higher in 2011. So is China buying gold at a breathtaking pace because they view it as a good investment, or are there other factors at work here? Do the Chinese view gold as a hedge against inflation? Is China seeking to get out of U.S. Treasuries? Has gold simply become much more attractive than paper currencies such as the euro and the U.S. dollar? Or could China be preparing for the coming financial collapse that so many economists see coming? It is always difficult to tell exactly what China is up to, but one thing is for sure – they are buying gold like there is no tomorrow.
It recently was announced that China imported 209.7 metric tons of gold during the first ten months of 2010. That was five times more gold than China imported during the first ten months of 2009.
So what can account for such a dramatic increase?
Does China need all of that gold for domestic use?
Without a doubt gold is becoming much more popular in China, but it is not as if China does not produce a massive amount of gold on their own. In fact, since 2007 China has been the number one producer of gold in the entire world. They are certainly not suffering from a shortage of gold.
If that is the case, then what else could explain why China is buying gold so rapidly?
Well, there seem to be four primary theories for why China is buying up so much gold right now. #1 A Hedge Against Inflation
Already we are starting to see some very serious inflation in China. In particular, food inflation threatens to spiral out of control. In an inflationary environment, gold is always a good investment. read entire article >>>>
United States Mint by GNT , Actually 1 us dollar is backed by NOTHING! The Federal Reserve prints money like a kid in a copy machine factory so our dollar is gonna fall and we will all go crazy and die. Sad huh?
(TheStreet.com) - Legendary investor and author Jim Rogers, chairman of Rogers Holdings , reveals how he's trading gold and which precious metal he thinks has the most upside. Jim Rogers : "As far as I'm concerned, gold will go certainly much higher over the next decade or so." "Governments all over the world are debasing money at a rapid rate and that has always led to higher prices for real assets throughout history and it will this time too. "....
Jim Rogers: Silver is 70% below its all-time high, 60% or 70% below its all-time high. Gold is making all-time highs.if I were looking at precious metals I would be looking at the ones that haven't moved as much. If one doesn't own gold, and one doesn't want to buy the others for whatever reason, one should start waiting for some sort of correction and then buy some gold. But as I said, the others are much more depressed historically than is gold."
"there is gonna be a huge bubble in precious metals by the end .I don't know when that will be;you know.. ask me in 2018, 2020 ... Most bull markets long term bull markets wind up in a huge mania, a huge bubble before it's over and this one will too. Someday, everybody will own gold. Someday, people will be walking down the streets checking gold prices in shop front windows."
Jim Rogers investments Silver Gold Platinum Palladium Commodities Sugar Wheat
A bonus footage from Gold! The History of Man's Greatest Obsession.Love to go to one of those places and see this process.... but with a few million quids worth of bullion sitting around, I should imagine I'll not get the chance.400 oz bars @ $1400 dollars an ounce. Each bar rolling around is worth over a half a million dollars. wow.
HARVEY ORGAN : Hyperinflation, Backwardation & 1 To 1 Silver To Gold we are headed towards a hyper inflationary depression , in 1480 one ounce of silver was at the same price as one ounce of gold , so it is very possible that one day the Silver will reach the gold price it already happened in history , profit from the speculation and stock up in silver as much as you can the price of silver is set to explode anytime soon....
How goldis produced, from excavation to ingot-form.
rubbish gold is found native because its so nonreactive i suppose you might need to get rid if the other metals surrounding it but that can be done with nitrates acids and oxidization that's why buying gold 10 tears ago was a slam dunk, cause it was selling cheaper than it cost to get it out of the ground .platinum is the most expensive metal....it is even more expensive than gold, silver and tungsten put together.It is golds rarity & difficulty to obtain, witch enables it to be used as money.Moneys main objective is to SAVE ie delay consumption, so the fact it does not rust or tarnish easily help as well.Now we do use paper with pictures on it, but only exclusively since 1971(and with threat of imprisonment from the government), and this is EXACTLY why our world economy is completely screwed up right now.IF MONEY IS BACKED BY ANYTHING OTHER THAN SOMETHING RARE OR HIGHLY IN DEMAND IT WILL EVENTUALLY, THROUGH INFLATION, BECOME WORTHLESS By the way paper money is called fiat currency, witch is latin for 'no thing'.
If there is only about 6 grams of gold per metric tonne of rock. it's that far underground and the extraction process is that complex then I would say that gold (at it's current price) is a bargain! I think I'm going to buy some Krugerrands . here in the US until gold hit 900+ dollars per ounce it was almost completely uneconomical to mine and refine gold in the US because there would be little to no profit.
on motherboards there are ide connectors that are made of gold simply take a needle nose pliers and bend the prongs until they snap after a while you can end up with a lot! good luck you will make good money.you can get them from computer motherboards cd rom boards floppy drive boards, anything that has a 34 pin connector will have gold pins ,That pile of gold sitting on the paper went for 350.00 at a gold store its still gold and they still bought it.Quite a percentage of gold is being left behind. Why don't instead of breaking the prongs, you invest in a cheap soldering iron and remove the whole pin. Gold plated is still gold...
you'd be surprised how much gold there really is sitting around in old electronics. Just due to the extremely time consuming and labor intensive process of cutting up individual boards and then bathing the good parts in acid or selling them for scrap it isn't worth it on an individual scale in countries where you can get a job that pays more than $5 an hour. But factories that simply grind up and burn electronics and extract the metals similar to ore make it very profitable i found that in the origonal xbox there is a set of pins not like the rest of the pins. while these pins are still gold they are alot thinker. i just want to give some imput and thyough that out there so mabey someone can see what im seeing and tell me something about them. you'll know what ppins im talking about if you try this
Step 2: Know what color jewelry she favors. Does she wear platinum or gold? This is key in determining the ring's band.
Step 3: When it comes to the famous four "Cs" (color, clarity, cut and carat), start with the cut. "The first thing I tell people is, you've got to go with the best cut diamond," Vadon says. "Whether or not they shine or sparkle is whether or not they're cut properly." So pick cut over carat, even if that means picking a smaller stone.
Step 4: After cut, focus on clarity. "If you're trying to save a little bit, you're gonna try to go with clarity in the 'VS' or 'S1' range," Vadon says. He adds that no one will know the difference: "To the naked eye, it will look absolutely clean and beautiful."
crash JP Morgan buy silver I knew this stuff from before. This is an excellent under 5 minute historical presentation of some of the main rulers in America. I knew the media was owned by the ultra rich, but I never knew the history.
Jay Carter, host of http://www.FinancialSurvivalRadio.com talks about people who mistakenly believe buying gold or silver is "too volatile" while also believing their savings account is perfectly secure....But bubba still can't see it
Webbots score again !..They had predicted there would be a shortage of physical silver that was being held for storage as "allocated bullion", meaning these "rich investors" would have been paying storage fees for bullion which wasn't even there...in turn, these rich folks would start "rich riots" .
However the webbots said the "rich riots" probably wouldn't make headline news so you may want to subscribe to my channel.... 'cause I do pay attention to this sorta info. And BTW, the Webbots predicted this would set off the price of silver as these billionaires would take their cash settlement and immediately buy physical silver with it....which in turn will force drastic price increases on a daily basis... $5, $20... driving the Elites Crazy!!
hold on folks '' cause I've got some much more to say about what silver will be doing in the near future and it's all Bright!! can you now see why the Webbots are gonna be correct about their prediction of silver initially hitting $600 oz it's all lining up perfectly isn't it? I actually went and listened to the interview http://lindseywilliams101.blogspot.com . I can see a collapse of the Euro and flight to the dollar, but I'm not sure why the dollar crashes next - fire sale of US paper assets by China? Anyhows, for this much money printing, PMs are the way to go.I dont know but we lost about 45 cents to the Euro since 2008 and you think the Euro will crash before the U.S. . If I look at the U.S. money index there are signs that the U.S. dollar will crash very soon and when you look at the Euro money index it does not look like it will crash .
This was a very good vid but from what I can see China will be the first to crash the federal reserve keeps buying Chinese bonds when the U.S. dollar crashes
the Chinese currency will sky rocket .my opinion is that first will be the dollar then the euro. But the advice is still sound....doesn't matter the order really.
A new ATM at an upscale mall in Florida dispenses shiny 24-carat gold bars and coins. Thomas Geissler, inventor of the Gold To Go machines, says the majority of buyers will be walk-ups enamored by the novelty. But he says they're also convenient for more serious investors looking to bypass the hassle of buying gold at pawn shops and over the Internet.
Conversations 8.0 Part One with writer & economist Jeff Nielson http://www.bullionbullscanada.com/
This evil fraud and manipulation will soon end and the result may be rough on the US but I say the quicker it starts the sooner it ends. Prepare and stay ( or get to know ) God. Pray for our country when this event unfolds.
A paper dollar from 1960 is worth exactly the same as a paper dollar in 2010, but four quarters from 1960 are worth more than $21. Given the fiscal insanity of the US government, I can’t imagine the US dollar surviving another 50 years, but I’m quite sure that silver will still be useful. Please consider getting some while you still can ( Not My Quote ) Just decided it was post worthy. got it from a mike maloney site!
NEW YORK (TheStreet) -- Adrian Day, author of Investing in Resources: How to Profit from the Outsize Potential and Avoid the Risks, reveals which metal has the most upside...
Adrian Day,:"....Look at particular goal which is a monitoring metal I don't much more direction you know because it really depends on what happened to the dollar that's the peak gold. And so. To me it -- it next year it could be 16100 of the 800 just all depends on what happens to in the dollar and that it is summer goes to 3035. I think so disease -- of facility next -- on. I I don't mean old yeah but on an average basis Italy in the settings seven investor I didn't want it. Well it would have been the best but it if I had been want to I would pickled and that's because gold is more certain to go on. And it has less downside but it doesn't necessarily have the best potential......
Lind-Waldock Strategist Jim Comiskey discusses the gold and silver futures markets, and other metals markets. Topics covered: Gold & Silver Down; Metals Moving Independent of Currencies; Volume Drops; Metals Bounce Off Their Lows.
NEW YORK (TheStreet) -- Daniel Wills, senior analyst at ETF Securities, reveals why gold prices are struggling to find momentum while other precious metals are
Daniel Wills: ....We've seen a bit of pressure across commodity keenly from a slightly stronger you historical. Support also that other currencies. And the pressure particularly the Euro that was on that -- potential for a downgrade in. -- Elton -- head. Sovereignty downgraded. And also that the schooled stunned that message regarding. The -- feature me is that. Regarding the did he -- European Union --
Will said that holdings for the ETF securities physically active product like gold silver platinum are relatively unchanged. Reflecting uncertainty in the global market which -- only magnify. As the European debt crisis -- in 2011. And what did the flat.
PPI reading mean in the US mean from -- for the long term -- the way I see it at the mixed bag right. Well inflation means that gold being bought at the hedges and great idea and low inflation could mean more money printing and more QE on the road which -- be different -- what was your take.
A Stock & Bond Market Collapse is Coming - Most IRAs & 401Ks Are About to Get Hammered Got Silver? Jay Carter, host of http://www.FinancialSurvivalRadio.com... fears a stock and/or bond market collapse is imminent, and yet most IRA or 401K holders aren't doing anything to prepare for the coming economic emergency
Here is the story of one company that is moving it's clients in the direction away from dollar denominated investments. Is a fluke or the next big trend? This gentleman does an excellent job explaining the shape we are in. He's probably one helluva salesman. Honest, straightforward and telling it like it is. He deserves to be successful.
It's easy, just show people 1920s Germany and then open up the newspaper and see all the printing of money. Damn, people are stupid as stumps. They watch football games and see terrible obvious bad coach or referee calls that costs their team the game, and they just can't admit the game is rigged and fixed. So they watch all their money evaporate into inflation and they just don't get it they are getting ripped off. There is no end to the stupidity. Must be the fluoride in the water.
The US Dollar has lost 13% of purchasing power this year since June. This economic insanity continues with the alarming rate of the printing of money. The U.S. Government spending is up 110% from 10 years ago. The next big payout, QE3, will be great for gold.
Silvercorp Metals (SVM) says it issued drilling results from the 2010 drill program on the Silvertip silver-zinc-lead project in Northern British Columbia, Canada.
A total of 10,913 meters (m) in 36 diamond drill holes was completed, of which, 24 holes reached their planned depth while 12 holes were abandoned. The high drilling success rate of 67% - that's 16 hits out of 24 drill holes - demonstrates that the high grade mineralization is continuous in these areas, and the drilling has expanded the current resource blocks in the March 2010 Resource Estimate. In addition, a new zone was discovered 300 meters south of the existing 65 Zone, which could add a significant amount of high grade resources to the project.
Silvercorp Metals shares are trading up over 1.25% pre-market Wednesday, on the news.
Te street.com asked legendary contrarian investor Jim Rogers when he thinks Gold will hit the $200/oz Jim Rogers :"Rogers: I wish I knew when, watch TheStreet.com you can get all these answers to market timing; I am no good at it. I explained to you that gold will be $2,000 certainly in the decade, it'll probably be much higher than $2,000 in the decade but maybe even sooner I don't know. But to me it seems pretty clear that it'll go to at least $2,000. If you adjust the old high back in 1980 for inflation, gold should be over $2,000 now. Silver at the old high was $50, silver's at $30 now. Silver can certainly go to $50 again and probably much much higher over the next decade. " via www.thestreet.com
The world gets a new monetary system every 30 or 40 years, and it's past time for a change.Financial educator and precious metals expert Michael Maloney has made this observation, based on his extensive study of economic cycles, for years. We had the classical gold standard from 1871 until World War I, the gold exchange standard between the two world wars, the Bretton Woods international monetary system from 1944 until 1971, and since 1971, the entire world has been on the dollar standard. "So we are already overdue for a new worldwide monetary system," Mike says, "and this is a normal thing. It will be this way as long as governments don't allow the free markets to work."
The Federal Reserve fiat currency system causes wealth concentration, loss of purchasing power, rising prices, and only rising income for a small percentage. Study the Federal Reserve and you will find out how wealth is concentrated in our fiat debt based currency monetary system. Yes, people will have to own precious metals to benefit from the transfer of wealth. This is not investment advice. They probably first will try a basket of currencies like the SDR, and backed by a small amount of gold. This will not last long, because they can still manipulate the currencies, and the market will force the world to go back to a precious metal standard. All precious metals would have to be on the table, because theirs a massive amount of currency to cover, or gold and silver get revalued at 5,000 and 500 respectively to start the precious metals standard. 1st county = world reserve currency everything ultimately boils down to a barter system. gold and silver retain value because people want them. i don't think they would work as a currency though, because supply is too limited to provide liquidity and allow growth.
Sept. 24 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the outlook for the Chinese yuan. Faber, speaking from Chiang Mai, Thailand, with Deirdre Bolton on Bloomberg Television's "InsideTrack," also discusses gold prices and expectations for the Standard & Poor's 500 Index. Marc Faber. Simply the best.
I use gold like cash and silver as retirement money because it's SOOO undervalued since I don't plan to retire for a long time I have time for it to go up. In the mean time I love JP Morgan chase even more for keeping the price down.China may very well be a paper tiger because it has a potential mortgage crisis on its hands. I also believe that China has a better economy than ours since it is now based on manufacturing instead of service like the U.S.
gold does not go up in value! It has and even more Silver intrinsic value. Prices of gold rise in Paper money but that is an illusion. Paper money is going down in value big time. Thats whats happening. The purchasing power of the middle class is getting destroyed worldwide, while the rich and their Partners in crime the Banksters get richer and richer. Such a system cannot be sustained! It has to end.
The spending power of people from emerging economies is driving the price of gold up to record highs. but at what cost? A controversial mine in northern Chile could threaten one of the most fertile valleys in the driest area of the country. Lucia Newman reports.
Gijsbert Groenewegen, founder of Silver Arrow Capital Management, talks about his investment strategy. He spoke with Matt Miller, Carol Massar, Adam Johnson and Dominic Chu on Bloomberg Television's "Street Smart." Alan Knuckman of Agora Financial also speaks. (Source: Bloomberg)
According to Morgan, we are on our way to a crisis. You need to buy your OWN gold and silver. Don't buy into a silver stock. You need to buy your own gold and silver.
Think about it. Wouldn't it be AMAZING if you had a garage full of gold and silver assets? Here's your opportunity to partner up with Chris Smith in an opportunity of a lifetime.
my 2 favorite:
gainesvillecoins AND apmex
$27.50 above spot for mint condition .999 1 oz. gold bullion.
$50 over spot for mint eagles
apmex is a great business and website experience. I dont believe you havent heard of them. Wow!
dont buy from anyone that is not upfront about their spot pricing or from numismatic rare or old coins dealer. they are nothing but con artists and so is anyone selling $100 over spot for an ounce of gold.
Commodities: Oil, Gold Higher Ahead of Fed Meeting
Commodities are getting a boost today, climbing as the dollar slips in value against the euro ahead of this afternoon's Federal Reserve meeting. Oil is up $0.26 to $88.87 a barrel, reversing yesterday's fall, while the most active February gold contract pressed back above $1,400 an ounce, climbing $8.10 to $1,405.40 an ounce.
Copper also is higher, with the March contract up fractionally from Monday's settlement to 4.21 a pound, after earlier hitting a record $4.2290 yesterday.
A new Goldman Sachs research report yesterday provided precious metals with added momentum, predicting gold will reach $1,690 an ounce by the end of 2011 and peak sometime during 2012.
"We expect a low U.S. real interest rate environment will continue in 2011, particularly given the resumption of quantitative easing measures in the U.S., and expect gold prices to continue to climb" into next year, Goldman analysts said in the report. Gold will peak in 2012, they said.
Gold is up over 28 percent this year, the 10th straight year the metal will post an annual advance.
Oil, paced by heating-oil futures, fell on Monday as a recent cold snap in several parts of the U.S. appeared to be less severe than initially feared. Gasoline inventories, due out tomorrow, also were predicted to climb for a fourth consective week, according to a survey of analysts by Bloomberg.
In company news, Spartech Corp. (SEH) reported a Q4 net loss of $1.78 a share on a 7% jump in revenues to $259.6 million. The higher sales reflected a small increase in volume and the effect of higher prices due to higher raw material costs, including oil, according to the producer of plastic sheeting and other packaging items.
Reuters also is reporting today that Kazakhstan plans to invite either Rio Tinto (RIO) or Vale (VALE) to develop a large copper deposit in the center of the country, quoting a senior government official. The deposit also contains gold and silver.
A crisis looms. Supplies of silver are quickly disappearing as the worldwide market demand continues to grow. New high-tech uses for silver and the demand outpacing the annual production every year since 1990 is causing the depletion of silver's above-ground stockpiles.
Once the largest stockpile of silver in the world, the US government dumped multiple billions of ounces of silver over the years into the world market thereby depressing silver prices. With no stockpile, the US is now purchasing silver at current rates.compared to gold, silver is cheap.Silver is on its way to $50/oz
Kiyosaki knows what he is talking about. I've read some of his books and heard him speak at a weekend conference. Listen to him. Read and heed. RN Gotta have both gold and silver. They both have advantages and disadvantages, but, if you can afford to have both, do so. How much you have of either depends on how much wealth, (or lack-thereof), you have. However, as he said, (these are my order of priority); food, ground, arms, gold, and I would replace owning gasoline with owning silver. How do you store 1,000 gallons of gasoline? Silver price-appreciates, and other people will take silver as payment for whatever, including gas
"The Silver Bull Market Will Last For Decades" THE GREATEST GOLD-SILVER BULL MARKET OR ANY MARKET FOR THAT MATTER IN HISTORY!!!!!
We have the highest gdp of any nation. it was because of bad political decisions that made the dollar collapse like bailouts, deficits, and government spending. take away those bad decisions and the US would be in good shape. the US isn't a lazy nation we just have very bad leadership.China exports to the US and imports technology from the EU, they need dollars even if they dont want to have them. The economic disturbance we are living trough right now will affect every nation/country/state in the world. China will be affected, Russia will be affected, the EU will be affected and the US will be affected. Only Africa may come out of this unharmed but that is because there is close to no economic activity in that part of the world that is not governed by a foreign nation like. Mr. Beaty is a geologist and resource company entrepreneur with more than 37 years of experience in the international minerals industry. He founded and currently serves as Chairman of Pan American Silver Corp. and has also founded and divested a number of other public mineral resource companies since 1985, including Northern Peru Copper and Global Copper Corp. Mr. Beaty has raised over $1 billion in capital and created shareholder wealth of over $4 billion since 1994.
Mr. Beaty is a past President of the Silver Institute in Washington, DC., a Fellow of the Geological Association of Canada and the Canadian Institute of Mining, and a recipient of the Institute's Past President Memorial Medal. In 2007, he received the Association of Mineral Exploration of B.C.'s Colin Spence Award for excellence in global mineral exploration and in 2008 the Mining Person of the Year award from the Mining Association of B.C.
Mr. Beaty was born in Vancouver, Canada and educated at the Royal School of Mines, University of London, England, M.Sc., Distinction (Mineral Exploration) 1975 and the University of British Columbia, LL.B. (Law) 1979 and B.Sc. (Honours Geology) 1974. He speaks French and Spanish, as well as some Russian, German and Italian. Mr. Beaty has worked in more than 50 countries during his career.
David Morgan, founder of the Silver Investor, started investing in the stock market well before turning 18 years of age.
He then spent four years earning a degree in Engineering. Later he went on to obtain a degree in Finance and Economics.
Several years ago, Mr. Morgan put his life long study of free-market economics to work researching the economy, stock market behavior, precious metals, especially silver.
Although very familiar with gold, Mr. Morgan believed that silver needed more exposure and would be utilized increasingly as technology continued to demand more and more of the metal.
He has followed the silver market daily for over thirty years. Much of this website is devoted to education and we encourage you to spend time here and refer others.
It will be interesting to see when all the gold/silver share holders want exchange for the physical. Word is they are selling shares & don't have enough physical to cover everyone. Buy gold/silver coins & bullions, shares are just promise notes.
A proposal for an enormous gold mine in the US state of Alaska could bring jobs to remote villages - and stimulate the local economy. It would be one of the biggest mines in the world. It would also bring billions of dollars to large corporations.
But locals and environmentalists say it comes at a huge price. They fear toxic waste from the mine would enter streams and lakes, disrupting the native way of life for good.The Alaskan gold rush is not new.
Report by robert Ian of why the world will never be the same bacause of Andrew maguire blowing the wistle on the CFTC and LBMA. Time is short, invest everything you can in gold and silver now! Don't buy bullion ETFs! they are made of paper and the brokers have no bullion.
in the last gold confiscation only 30% of people gave up their gold. that was when 70% of people had or carried gold. Now less than 3% of people own any gold for investment. I don't think they are going to raid everyones house for a gold neclace or a wedding ring. If you want to know, the gold confiscation is already going on covertly with every other add and corner store buying gold.
Paramount shares surged $0.75 to 2.59 on Friday, after a new Dahlman Rose analyst report earlier in the week valued the miner at $13 per share, citing the potential of its wholly owned San Miguel mine in Mexico and the Sleeper Mine in Nevada.
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals his end of year trading strategy.
Phil Streible,:.....the biggest thing that I think is that. Odd if we get this advance and it breaks out or get anywhere near like 1425. We saw considerable lot of selling -- And the selling was done by -- like hedge funds money managers people that are -- There are performance based and they're trying to book profits -- and and I think that don't recall man -- if they had any kinda. -- left over positions that people -- right there and then look to reestablish. In early January. The last question what you're here and strategy -- This year and now we're still lawn with a lot of people here on the one of the biggest thing that we did was sell what options which is a little bit more aggressive strategy you're settling wanna. I you know had some risk parameters worked out or -- we're looking at selling. You know February gold thirteen hundred points and then use enough premium from -- to -- call spreads for next December.
Dec. 13 2010 | The price of gold and Western stock markets are likely to see strong gains in the new year, but the recent selloff in long-dated government bonds could be stalled by the Federal Reserve, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
Watch the full 103 episode of the Keiser Report on Tuesday! This time, Max Keiser and co-host, Stacy Herbert, examine Jamie Dimon's sore spots and the Department of Justice's PR stunts and ask whether or not Americans are plunging deeper into debt. In the second half of the show, Max Keiser talks to Michael W. Hudson, author of The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America -- and Spawned a Global Crisis."
Harvey Organ explains why the criminal banks are in a bind they cannot escape.so little silver, so little time! buy buy buy buy buy buy buy it's still dirt cheap "Precious metals are financial assets and like currencies and T-Bills and T-Bonds they trade in a multiples of a hundred times the underlaying physical."
Thats plural - multiples of a hundred times .If silver paper is 100 times physical, wouldn't it be worth closer to $3K an/oz if they could not pay off the shorts with cash ?
Dollars will soon be worthless. Hyperinflation is just around the corner unless the fed turns off the printing presses, which they won't. Once hyperinflation hits, we'll all be billionaires; of course it'll cost $100,000,000 to buy a loaf of bread.i wonder if they will use Christmas holidays to do something dramatic, similar to FED act pushed through on Christmas Eve. holidays seem to be their favoured times to bring out news. Just to clarify for American viewers...Scotiabank (aka Bank of Nova Scotia) isn't one bank in Toronto "where all of Canada's silver is stored"...Scotiabank is a bank chain across Canada with hundred of branches, hundreds of vaults. It's a bank bank. One of Canada's "big five". ScotiaMocatta is their PM division - selling fractional, 1, 5, 10, 100 oz bars of silver gold & palladium online and thru every branch. All my orders get delivered fast. Lenny obviously wasn't in the Mocatta storage vault and the vault was confirmed to be the Mocatta vault, then there is a scandal indeed. The scandal IS that Scotiabank "is empty" - search YouTube for the associated videos. I always thought it was a crock - as one guy going to visit ONE vault to see his metals...noticing that there were no Mocatta products...just 1000oz bricks...doesn't tell me they are out of SBank PM products. Yes, there are 21 SBank branches in core Toronto, and every branch has a vault, as they do in my city too
A new research report by UBS clearly states there is a "trend" towards allocated precious metals in 2010. Folks, "allocated" essentially means PHYSICAL. This is a big deal and it is further evidence that Adrian Douglas and GATA are correct; There IS a run on the LBMA (and likely the COMEX too) for physical gold and silver.
Jon Nadler, KITCO senior analyst. discusses whether the gold and silver markets are over sold as of December 10, 2010.The smart money is moving into PMs at these record steal prices. The manipulation alone has already distorted the market. This is unwinding, we have supply issues as well. Gold and Silver is real money. the manipulation, the trillions of dollars created out of thin air, and the fact that silver is being consumed at record levels due to the electronic technology How can one discuss what gold and silver is going to do without talking about why it has done what it has done. What printing money and devaluing the fiat currency actually means. What China is doing? How practically every government/state is bankrupt.
Gerald Celente : Gold is my wild card , I am heavily invested in Gold ....
Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering Trends Expert Gerald Celente is also known as Dr Doom and the Nostradamus of Modern Times , Gerald Celente is regarded as one of the foremost trend predictors in the world. This author of Trends 2000 and Trend Tracking, and publisher of The Trends Journal, is frequently a guest on television news and talk show programs. The New York Post said "if Nostradamus were alive today, he'd have a hard time keeping up with Gerald Celente." Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
“We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”.
“America’s going to go through a transition the likes of which no one is prepared for,” said Celente, noting that people’s refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.
Celente, who successfully predicted the 1997 Asian Currency Crisis, the subprime mortgage collapse and the massive devaluation of the U.S. dollar, told UPI in November last year that the following year would be known as “The Panic of 2008,” adding that “giants (would) tumble to their deaths,” which is exactly what we have witnessed with the collapse of Lehman Brothers, Bear Stearns and others. He also said that the dollar would eventually be devalued by as much as 90 per cent.
The consequence of what we have seen unfold this year would lead to a lowering in living standards, Celente predicted a year ago, which is also being borne out by plummeting retail sales figures.
The prospect of revolution was a concept echoed by a British Ministry of Defence report last year, which predicted that within 30 years, the growing gap between the super rich and the middle class, along with an urban underclass threatening social order would mean, “The world’s middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest,” and that, “The middle classes could become a revolutionary class.”
In a separate recent interview, Celente went further on the subject of revolution in America.
“There will be a revolution in this country,” he said. “It’s not going to come yet, but it’s going to come down the line and we’re going to see a third party and this was the catalyst for it: the takeover of Washington, D. C., in broad daylight by Wall Street in this bloodless coup. And it will happen as conditions continue to worsen.”
“The first thing to do is organize with tax revolts. That’s going to be the big one because people can’t afford to pay more school tax, property tax, any kind of tax. You’re going to start seeing those kinds of protests start to develop.”
“It’s going to be very bleak. Very sad. And there is going to be a lot of homeless, the likes of which we have never seen before. Tent cities are already sprouting up around the country and we’re going to see many more.”
“We’re going to start seeing huge areas of vacant real estate and squatters living in them as well. It’s going to be a picture the likes of which Americans are not going to be used to. It’s going to come as a shock and with it, there’s going to be a lot of crime. And the crime is going to be a lot worse than it was before because in the last 1929 Depression, people’s minds weren’t wrecked on all these modern drugs – over-the-counter drugs, or crystal meth or whatever it might be. So, you have a huge underclass of very desperate people with their minds chemically blown beyond anybody’s comprehension.”
The George Washington blog has compiled a list of quotes attesting to Celente’s accuracy as a trend forecaster.
“When CNN wants to know about the Top Trends, we ask Gerald Celente.” — CNN Headline News
“A network of 25 experts whose range of specialties would rival many university faculties.” — The Economist
“Gerald Celente has a knack for getting the zeitgeist right.” — USA Today
“There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.” - CNBC
“Those who take their predictions seriously … consider the Trends Research Institute.” — The Wall Street Journal
“Gerald Celente is always ahead of the curve on trends and uncannily on the mark … he’s one of the most accurate forecasters around.” — The Atlanta Journal-Constitution
“Mr. Celente tracks the world’s social, economic and business trends for corporate clients.” — The New York Times
“Mr. Celente is a very intelligent guy. We are able to learn about trends from an authority.” — 48 Hours, CBS News
“Gerald Celente has a solid track record. He has predicted everything from the 1987 stock market crash and the demise of the Soviet Union to green marketing and corporate downsizing.” — The Detroit News
“Gerald Celente forecast the 1987 stock market crash, ‘green marketing,’ and the boom in gourmet coffees.” — Chicago Tribune
“The Trends Research Institute is the Standard and Poors of Popular Culture.” — The Los Angeles Times
“If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.” — New York Post
In this video, David Adamson, CEO of Rubicon Minerals Corporation, shares his view on why gold is so popular. He also explains where he stands in the inflation/deflation debate, how one should buy gold, and what the prospects of silver are.
Chinese consumers rushing to buygold in China even at record high price And in the west they shout sell us your gold sell us your gold NOW! hmm think about it people.
25th September 2010
International gold prices rallied to record highs on Friday, with spot prices nearing US$1300 an ounce. China's gold prices followed the trend and continued to climb. But consumer enthusiasm hasn't been affected.
It's China's traditional gold rush. The peak season for gold sales coincides with the two national holidays.
Impacted by a weaker US dollar and holiday consumption, international gold prices hit record highs.
In China,the price of pure gold exceeded 340 yuan per gram (?). But consumer enthusiasm is just as high as the gold prices. One resident said "For us, the price is very high. But we need to buy gold now since the price continues to increase." Consumers have flooded into gold shops, to find their perfect accessory.
Liu Ru, Sales Manager of Gold Shop said "Chinese people share a concept. That is to buy gold when the price is climbing. Since now it is holiday, many customers buy gold accessories as presents for relatives and friends. And also it is wedding season, increasing gold demand."
Silver prices have also soared, and even reached a 30-year high... making investments in the grey metal more attractive than ever. Analysts say the continuous decline of the US dollar has stimulated investors to choose safe
haven products such as gold. And with high consumption and investment demand, gold prices will continue to rise in coming days.
it's the corruption and crisis that is pushing gold higher ever heard the expression "not worth a continental"? .the fall of wages of american worker is due to the FED devaluing the dollar that is why 2 incomes are needed to just stay afloat and a large number of people can't even stay afloat without a third or forth job....Royal Metals Group is processing Hundreds of Thousands of Dollars daily into Physical Gold and Silver. RMG represents a new breed of precious metals buyers: established baby boomers stung by losses and under performing traditional investments.
i got silver , and want more . Just need them to hold the price down long enough . I almost don't want a massive spike in the value , cause that would be the flag of the collapse as the slave world as we know it . SLaVe for life
Bob Chapmanon Goldseek Radio
JP naked 3.3bil oz silver.The financial system that is terrorizing the world is a direct out growth of the Venetians and Vatican...the roots go that far back and that deep.CFTC - the same financial terrorist as JP Morgan
Bob Chapman is a guest so frequently on all of these shows that his appearance is not an interview! but as a friend hanging out! Yo will note that this is more like a conversation....That is becasue it is not an interview! Great show as always.
Germany and China are the ones to watch, both economies will just grow and demands for commodities will skyrocket! those Germans certainly have got their heads screwed on the right way, and plan well for the future. This video shows an interview between silver bug David Morgan of http://silver-investor.com and Jan Kneist of http://goldseiten.de, organisor of the annual International Precious Metals and Commodities Show held 5-6 November, 2010 in Munich, Germany. This event was first organised in 2005. They discuss the monetary system, gold and silver investments and the reason why many Germans are so interested in buying gold and silver.
This timeMax Keiserand co-host, Stacy Herbert, talk about Americas most dangerous banker being sued by trustees for aiding and abetting the Madoff ponzi scheme and about the U.S. administration suffers from the Stockholm Syndrome. In the second half of the show, Max Keiser talks to Dr. Kiriakos Tobras about his campaign to stop financial terrorists attacking the Greek economy, stop speculators.gr.When you hear Keiser discuss economics in action like this u realize how well versed in classical economics he is, The bankers are trying to destroy Europe to make the USA look better.This is what happens when you keep the phony dollar as worlds reserve currency.
The huge rally in gold is expected to continue—with $2,000 an ounce well within sight over the next decade, well-known commodities investor Jim Rogers told CNBC. GoldGold will be among the premier plays in commodities, which stand to benefit whether the economy rebounds or not, said Rogers, creator of the Rogers International Commodity Index.
"Gold is going to go a lot higher over the next decade. It may slow down for a while because it's run up so dramatically here in the last few weeks. But gold's going to be much higher," Rogers said. "Adjusted for inflation it should be well over $2,000 now. When I say something like it's going to 2,000 in 10 years it's not a very dramatic statement given the state of the world. I'm sure it's a given."
Massive fraud, universal deceit, blatant corruption. These are not days for the faint of heart. Physical silver can help you to financially prepare for what is yet to come.recent reports say that lots of funds have gone into SLV. SLV is a joke. And once the paper fraud completely unravels, the SLV will unravel along with it. Cab you even begin toimagine what will happen to the price of physical silver when the $9 Billion currently "invested" in SLV needs to find REAL silver?
A much needed video for the new gold and silver investor. There is so much more to the fundamentals causing the neck breaking rise in prices after years of successful and deliberate suppression. Wild fluctuations should be expected, yet the continued 'rocket rise' is essentially a correction upward, then momentum buying. Drops in price to long term bulls are merely consolidations and the base for the next and higher move up. There's always risk. Why buy now? Because you may be left behind. silver is INDEED a remarkable "investment" if you consider the massive paper manipulation and fraud which is now in process of unwinding. If you think silver will only gain in value as the Dollar falls, I would call your attention to the price of silver over the last three months VS the Dollar... Silver has a LONG way to go before it merely trades freely... but otherwise I agree with you.Naked Shorting is illegal and they should be forced to cover, yet as many of the huge hedge funds, the big guys are left alone. Yes there will be a 'scene' and some noise, but it's all show. What about demands for delivery? The shortage could be so wide spread that only cash settlements are possible? When the situation could be extreme, expected a surprise. Could it mean that trading might be halted?
The Telegraph.co.uk Published: Ambrose Evans-Pritchard, 6 Sep 2010 States accounting for two-thirds of the global economy are either holding down their exchange rates by direct intervention or steering currencies lower in an attempt to shift problems on to somebody else, each with their own plausible justification. Nothing like this has been seen since the 1930s.
There is no automatic investment that will guarantee returns including gold. Still, I believe that if one is patient, a long-term viewpoint will be rewarded. Be just like central banks around the world and hedge your portfolio with a hard asset that has a lasting value. Balance your portfolio. Consider gold as a strategic part of your investment plan. “We live in an amazing world. Everybody has big budget deficits and big easy money but somehow the world as a whole cannot fully employ itself,” said former Fed chair Paul Volcker in Chris Whalen’s new book Inflated: How Money and Debt Built the American Dream.
“It is a serious question. We are no longer talking about a single country having a big depression but the entire world.”
The US and Britain are debasing coinage to alleviate the pain of debt-busts, and to revive their export industries: China is debasing to off-load its manufacturing overcapacity on to the rest of the world, though it has a trade surplus with the US of $20bn (£12.6bn) a month. Article Source
Bill Murphy has been right the whole way., Bill Murphy exposes the Silver and Gold market manipulation...Its amazing that NON of the so called mainstream media ever covers GATA.Buy gold and silver now because just look around has the fed done QE ever before 2008? No. This is 1933 and 1970 and the banking system is about to default with the printing press.
Corn, wheat, barley, soybeans, etc. etc. ALL are manipulated. This % percentage of fiat commodity papers, misleads the world to the true amount of food available. Buy PM's and food for a rainy day now. THERE IS LESS THAN WE ARE TOLD. The store's prices would skyrocket so they can still sell their products. Even if they do crash, people will need to barter with something that WORKS. Since the Dollar isn't backed by anything and precious metals are themselves, gold would be of great value, not the dollar.
David Morgan has some incredible knowledge about silver: I believe that David Morgan has some incredible knowledge about silver and I hope more people can get some good information from his video.I have noticed an ongoing trend here I've been talking about silver being the best investment for a MULTITUDE of reasons
NEW YORK (TheStreet) - - Gold options trader Mihir Dange sees gold pull back as just end of the year profit taking.
Mihir Dange : Basically what we're seeing -- table but it fell off the the stock market turned up alive. And with the stock market for and the dollar and strengthened movement here and a little bit of profit taking. In the last quarter we started we started -- Europe alone and 45. Saw the -- Fourteen and 35. Now trading opportunities to conceal their profit taking. You might feel will be more profit taking familiar and confident -- very strong there.