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
prospecting for gold with a metal detector in central Australia $1350 U.S dollars an ounce thats a nice paycheck for a few minutes work, very nice! You can also find meteorites with the metal detector.
New info regarding the COMEXsilver manipulation by JP Morgan & HSBC ,non action by CME
Very Important video. It seems that whatever Silver Shortge tv had stated in the past became Reality!!! Silver indeed was at 12$ per oz when they started talking about this and now it goes 30$. Unbelievable...Sounds like $1/1000 short contracts sold. How many more short contracts do they still hold? When the TV starts talking about a shortage and how no one could have seen this coming I'll be selling.
Lind-Waldock Strategist Phil Streible discusses the metals markets. Topics covered: Gold Prices are Flat; Support and Resistance in Gold; Platinum & Palladium market analysis; Silver market analysis; Copper market analysis.
Its just because of the holidays. December is typically always been a stagnant month for PMs . You will see it pick up once again after the 1st . I assure you ,silver is NOT bored ! lol . What worries me more.. is what "The Ben Bernak" does when he gets bored.. Just buy the Ef'in Dip!
George Gordon's Law Hour & Editorial Review
History of Silver: 9 Billion Oz. of Silver is just Gone
Airdate: July 17, 2009
This video makes a reference to gold curing cancer about 7 minutes into this video, funny thing about it is that silver actually kills cancer not gold, thus paving the way for a 2-1, 16-1 or 70-1 ratio but this time it will be gold in relationship to the silver, bottom line once it is widely known and believed that silver is the most powerful medicine on the planet then silver could be priceless. just search for the term colloidal silver and see for yourself.
top gear Australia s1e2 about the biggest gold pit in Australia.Second part is from guardian about MDC activist Sam Chakaipa that returns to his village in rural Zimbabwe to find his friends and neighbours starving to death, reduced to panning gold powder from the rivers to exchange for food at an exorbitant rate
NEW YORK (TheStreet) -- George Kleinman, president of Commodity Resource, reveals his short, medium and long term range for gold prices.
George Kleinman :....What happened in January that let me see. -- traders and investors come back from the holidays we -- happen nickel prices than.
Well actually. There's a very strong seasonal from the end of December to mid February. Most years. They -- market and the -- market move up for. And that December and that said the outlook for the the normal people -- into a continued to picture because that'll he had been fundamentally has changed. For the inevitable goal their true longer....
NEW YORK (TheStreet) --David Morgan, founder of Silver-Investor.com, reveals what he thinks is in store for gold and silver prices for the rest of the year.
David Morgan, :"......I agree. -- probably see unit for this year meaning you know over thirty for silver and well above the fourteen under low for gold. Tell me years easily most traders square their books. -- meaning that they don't have any positions are. On our trading account I'm glad personally I'm happier candidates rest the rest of this year -- profit we've made on the stock side I suggested to our readership that big no guarantee those -- and welcome in other -- our position. But those profits get your original capital back. And that reduces the risk substantially and let the rest -- "
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals how he's trading gold right now and what might happen if North Korea retaliates...
Phil Streible,:".....I mean we're probably gonna see a big waved back and that the goal would be surprised goal it's -- back about fourteen honored you know 425 -- something. You know that. Pretty serious covenant back here the only wow -- put a lid on prices that anybody who missed the boat on selling yet. Up at those levels any kind of hedge -- prowl against the Trent -- And profits for your and so there might be in might be it -- selling above you know fourteen point five -- Thirty pills that have a -- than what happens if not -- that it retaliate we -- big Ella and all now. Now look I just gonna see -- price they're probably gonna still remained flat there's still a lot of us are buying there's still -- out blah. Questions around the Euro zone possibility of a downgrade ....
host Jay Carter discusses the latest developments with author and precious metals expert Larry LaBorde
Apmex works wih JP Morgan and they're making a great buck. JP Morgan is owner of the FED and their printing presses. So who cares about short posiions?
CNBC chartist gives his opinion on where gold is going.I got the impression he was saying short term volatility to the downside and then a breakout. Gold has been buggering around doing not a lot for a while now. I think it'll do something decisive in the next month or two and I can't see a reason to sell it yet
He is as good as the average meteorologist, 50% chance of partly sunny on Monday then 50% chance of partly cloudy on Tuesday, followed by a 50% chance of rain on Wednesday.
Bloomberg reports that gold futuresrose for the second straight session as investors seek comfort in the precious metal amidst rising concerns about European debt. Gold reached an all-time high of $1,432.50 an ounce on Dec. 7 and is headed for another annual gain. Frank Lesh, a trader at FuturePath Trading, said, "You still have currency volatility and European debt problems are simmering, so gold is still a viable asset." Gold futures for February delivery rose $4.70, or 0.3%, to $1,383.90 an ounce on the Comex in New York on Monday morning. Dennis Gartman, an economist and editor of the Gartman Letter, recommends owning gold priced in foreign currencies this year. He said in today's newsletter, "In every instance, owning gold in euros or sterling or yen has proven better than owning gold in dollars."
Gold Prediction : $10,000 Per Ounce Peter Schiffon CNBC 5/11/10
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the
economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. A popular debate where he outlines every step th e downturn would take is available on YouTube.
Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.
This week Max Keiser and co-host Stacy Herbert look at the scandals of shameless Britain and Wall Street's cash cow. In the second half of the show, Max talks to David Morgan about the silver market.ratio gold/silver, now 49/1, few months, 30/1 or less.that puts silver at 50 bucks an ounce....still buying. silver certification, as with gold- is how paper money started in the first place
Max Keiser: The big holders of silver in the business for example Eric Sprott back up in Canada or his chief analyst John Embry.
John Embry came out and said he guarantees hyperinflation.
Now the only way he could guarantee hyperinflation is if these gold and silver vigilantes, as I call them, get these huge orders and force physical delivery and to bust the Comex.
There's a lot of discussion about wether you can bust the Comex? Because they now settle up in cash etc.
Now are these precious metals vigilantes, can they bust the markets and bust the price suppression scemes by taking physical delivery and forcing the issue? Do you see it happening? Is this a trend that we can take some stock in?
David Morgan: "I believe you can I also agree we couldn't do off the Comex. When you go back to 1999 and Warren Buffett, arguably one of the richest man in the world, bought 129.7 million ounces of fine silver.
The Comex had 280 million ounces at that time. He only got 90 million of the exchange initially. So he said: "I give you more time" to the dealers. Very vaque. The lease rates went about to 70%.
I believe he leased back the 40 million ounces until he got it over time.
So, since that time they now have a rule that says you only can take 1500 contracts or 7.5 million ounces of silver physically of the exchange. You can't get 90 million.
There's only 100 million ounces on the exchange right now. About 50% of it or more is long term investors.
So the real dealer inventory is only about 50 million ounces of silver.
So seven months, at max you're going to take off all the silver out the exchange. Well they're gonna do what you just said. They're gonna say: "Oh, well read the rules. We'll make you settle in cash" but that doesn't mean you can't force the issue.
Because the amount of silver that's being invested in and the amount used for in industry, in my study, which I am going to be presenting here later today, says that in three years we're going to go back into a defecit.
Who knows what the inflation markets are gonna look like three years from now.
So I see, what I would call, a natural cornerThere's no way out. That's how I see it.
So it doesn't have to come from the Comex to cause a real problem in, I say, probably the next two or three years.
The system is based on debt... if there were no debt there would be no money.
There is not enough money in the economy to even pay off all debt.
The only way things keep on moving is by creating new debt. The debt must continue to grow otherwise there will be a depression and universal bankruptcy.
The belief that gives fiat currency "value" is not based on debt alone. It is ALSO based on the power of the controller of that currency to manipulate the commodities market. That is an undermining way of controlling and manipulating currency value. The actual value then moves to commodities. However, those commodities are only REALLY given value because they are being used for extortion. The debt is just a way for banks to continue to use their fiat currency to enhance their position.
The heroin that is flown into Russia and China from Afghanistan is from US CIA ran military cargo planes. Military aircraft is protected from inspection. Heroin and opium addiction in China and Russia is on the rise. While the brokers might be snorting up CIA cocaine from South America, their "commoners" are being seduced by the Afghan heroin that is being distributed by CIA operatives. The U.S. military isn't in Afghanistan to fight "terrorism." It's for lithium, heroin and the TAPI pipeline.
We (the people of earth; i.e. humanity) must guard the essentials such as; food, housing, & water,very closely.We have been far too lax for far too long;how 'they' convinced enough people (a critical mass) that high housing costs are a 'good' thing is beyond me...but 'they' did! Can you imagine convincing people that high bread costs are a 'good' thing? Perhaps.That is if you 'happen to be' invested in the bread & void of conscience.Always remember 1st. & foremost:Store your treasures in Heaven.
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.
Imagine being able to buy some gold just about anywhere. Now a mall in super luxe Boca Raton, Florida, is the first in the U.S. to have a gold dispensing machine. (Dec. 17)
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.
What just happened with JP Morgan? http://www.FinancialSurvivalRadio.com... host Jay Carter discusses the latest developments with author and precious metals expert Larry LaBorde.
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.
Marc Faber - one of the few international economists who really knows what is going on in the world of today and maybe even of tomorrow! His advise: accumulate gold and hold on to it !
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.
At least one-quarter of Sudan could be rich territory for gold mining, making it a hot-spot for foreign companies exploring there.
In recent years, individual mining has reached unprecedented proportions and figures indicate that at least 50,000 people are believed to be working in Sudan's northern desert.
The Sudanese government has tried to discourage gold mining in the past because of the deadly risks involved.
However, it has proved a lifeline for thousands of people as the price of gold has soared.
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
Jim Rogers Discusses Gold, Housing and China
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Jim Rogers Discusses Gold, Housing and China...
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for the full story , Thank You >>>>
TURNING SILVER COIN AND BULLION PURCHASES
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WHEN YOU HAVE TO TURN YOUR PURCHASES EVERY FEW WEEKS FOR CASH FLOW IT CAN
BE PAINFUL WHEN THE...
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Andy Hoffman - Silver Shortage & The Yen Bomb
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Ranting Andy discusses: (1) How the Yen may be in big trouble. It...
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