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
What investment in gold is best for you? Gold creates a real passion now. To take advantage of the gold rally several options are available . But beware: any form of investment does not suit everyone. Since the bursting of the financial crisis, demand for gold as an investment is rising again. This growing popularity is also reflected in the figures compiled by the World Gold Council, an advocacy organization in the gold sector. In 2008, total world demand for gold as an investment (bullion, coins and ETFs) has reached $ 24 billion, an increase of 10 billion from the previous year. The trend continues since then . In late September, demand for gold as an investment accounted for 43 billion dollars. And the counter never stops turning. There are no accurate statistics for any country let alone for the whole world , but a survey of the major banks tells us that investors worldwide are rediscovering gold as an investment and a safe heaven. Rising demand pushes gold prices to their highs. All time records have been reached and it never stops some analysts say Gold could go as far as $2000 $5000 or even $15000 and $50000 . This week the gold price has reached 1,440 dollars. Compared to the potential of gold prices, opinions diverge. Some analysts believe that the ceiling has already been reached, others see the metal move towards $ 2,000 or more this year. But these projections are interesting as more speculators enter the market. But the average Investor should only care on how to protect his assests from an ever falling dollar . Investment in gold can be accomplished in different ways and each one provides a different investment profile.
* Gold Mining Shares : The shares of gold mines are for the aggressive investor anticipation of an upturn after the crisis. "Leverage is important in the gold market. "When the gold was up 100%, the gold mines are assessed by 300%! However, investors should keep an eye on costs and worry about the political stability of the region where the mine is located, . * ETFs : ETFs are index funds that reflect the changing price of gold. With each purchase, equivalent in physical gold is bought and placed in a vault in the bank. "Rumors say that gold is physically but not always covered by futures, options and insurance. If several operators had the bad idea of committing malpractice in deliveries, these products would collapse, . According to experts, ETFs are good for investors who wish to speculate on short-term price movements of gold. * Bullion : Buy bullion and gold coins and keep them in a trunk: now even the simplest way to invest in gold. These ingots and coins can be bought and sold in several banks or traditional banks specific gold. The physical gold suits investors seeking defensive protection of their investment portfolio.
Unrest in the middle east and north Africa , Geopolitical events, oil prices skyrocketing, the Greek crisis, the weak dollar, all these factors are pushing up the prices of gold and silver which are hitting all time records , The Fear of inflationary growth fueled demand for safe-haven investment , analysts and manufacturers expect further price rises, especially if the crisis gets worse in Libya and expand to other countries • Gold and silver continue their rally in the wake of tensions and violence in the Middle East and North Africa. At the second London fixing the yellow metal has updated the highs climbing to $ 1437.5 per ounce, in New York during the sitting Gold futures hit a peak of $ 1,445, then downsized slightly. Also in London, silver jumped more than 6% up to 36.6 U.S. dollars an ounce, a level never seen in the last years. a number of factors have contributed To heat up the gold prices, , particularly the geopolitical situation. In recent weeks the gold (and silver) is in fact confirmed as a safe haven by excellence in the light of fears of inflationary growth, fueled by continued increases in oil prices - the prices recently reached their maximum of two and a half years driven by fears of an escalation of clashes in Libya and a possible domino effect in countries such as Bahrain or Saudi Arabia - and the difficult economic situation in some European countries, first of all Greece, whose ratings were downgraded yesterday by Moody's. Add to this also the weakness of the dollar, which yesterday again lost ground against the euro due to expectations of a more aggressive monetary POLICIES by the European Central Bank than the U.S. Fed. But that's not all. The demand for gold, not only for investment remains strong, especially in Asia and the prices are at record (in the respective currencies) in India and Japan. And the predictions are for further rises. Recently JP Morgan analysts during a conference in Toronto, estimated for this year to an average price of $ 1,465 an ounce. Similar expectations also of Anglo-Gold Ashanti - the world third largest gold miner - which provides for much higher prices this year of the current. HSBC Global Asset Management to throw water on the fire instead. The prices - they say - are already very high and for the future, especially to protect against any acceleration in inflation, it might be better to focus on other things, such as shares or other commodities (maybe oil) with highest growth potential. this also apply to silver, whose prices are rising much faster than gold, a race report confirmed by the gold / silver ratio which yesterday dropped below fourth for the first time since February 1998. With gold prices moving upward, the silver is well positioned to do more some analyst believe. The growing demand for investment (for silver and other precious metals). I think the fundamentals of the sector give grounds for further price rises, although we may see a setback in the short term.
JAMES TURK: We are going to hit the $1,800 - it’s just a question of time. It will probably happen in the first quarter. This is normally a seasonal strong time of the year and there are a lot of fundamental factors that are driving gold higher so we won’t hit $1,800 before year end but we could hit $1,500 though even though we have a few weeks left, it’s still a reasonable target but we should be looking for $1,800 in the first quarter of 2011. in www.mineweb.com
The Yellow metal just below the record
14 MAR - Gold rising in electronic trading in Asia at $ 1,432.68 an ounce (+1.1%). The yellow metal is positioned just below the record mark of $ 1,444.95 of March 7
Mar. 11 2011 | Discussing whether goldand the dollar remain "safe haven" plays on the Japan earthquake and tsunami news, with Dan Denbow, USAA Precious Metals & Minerals Fund, and Joseph Trevisani, FX Solutions.
Junk silver, best value in silver space; silver shortages . is Silver Shortages Real ? Financial Sense Newshour Metals Update with David Morgan I think that is what Morgan trying to say. It is possible to buy silver,David Morgan is one of the more sensible guys out there providing information about the silver market availability and pricing.Jim puplava and David Morgan..... minute 14:57 tight situation... minute 15:50 the premiums are going up and after that they are pushing junk silver.
David Morgan founder of Silver-Investor.com, March 9 2011 Podcast- Gold:Silver Ratio, Silver Wheaton, Inflation/Deflation . David Morgan sheds light on some behind-the-scenes realities of the silver market. The main problem with the precious metal is that, in some transactions there is no real, physical silver and what the investor gets in return for his money is paper silver. Some federal banks have pursued the trend for a quite long time and continue to do add to their huge pile of liability by issuing more and more paper silver.Gold was the investment of the last decade Silver is the Investment of this decade says Eric Sprott ...BUY THE SILVER NOW!.
Is Silver an investment or is it money or both ?. If anything it is the dollar which is the investment - and a very bad one at that.If the true nature of the silver market were exposed, and if the CFTC would do it's job and force the big banks to reduce their shorts to a significantly smaller number of short contracts [invisible silver] then we will definitely see 250 dollar silver .silver has to be measured against other commodities, as well as the stock market, and possibly even housing. That's the only real way to tell how "expensive" it is.
All the housing in the U.S is valued over 20 trillion. The stock market is 12 trillion. All the Silver on the planet above ground is 250 billion.
David Schectman founder Miles Franklin says SELL ALL GOLD & PUT IT INTO SILVER.... buy any good deal u can ignore the roller coaster and SIT ON UR PRECIOUS , the silver/gold ratio has nowhere to go but down-buy silver now
If JP Morgan is working to suppress prices at the behest of the fed or government, and it is too big to fail, then they don't care about paying premiums for people not to take delivery. They'll get bailed out for losses anyway.
Gold going $3000 to $4000 in 2012 says Lindsey Williams
given the current ratio of 39.61 to 1, then once gold reaches $3000 silver should be at least worth $75 USD/oz however if you read my other post, I did mention that i believe it will worth more than $75/oz before Gold reaches $3000.
Pastor Lindsay has been spot on for years now
Pastor Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," ; he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis. After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.
Gold Prices at Top of Range
NEW YORK (TheStreet) -- David Morgan, founder of Silver-Investor.com, breaks down gold's new range now that the metal is not fulfilling its role as a safe haven asset.
Gold prices reversing some earlier losses on safe haven buying after earthquake slammed Japan. Because gold index is and a spot price up but just about three dollars thank you David mark and founder of silver investor dot -- to David. A question here is why isn't gold you know when he -- higher what's gonna holding back. Gold's safe haven rally here.
In this video, Francis Schutte, Founder of Goldonomic.be, tells James Turk, Founder/Chairman of GoldMoney and Director of the GoldMoney Foundation how he got interested in gold in the Seventies and Eighties. Neither of both accept Ben Bernanke to increase interest rates like Paul Volcker did in the Eighties. The United States would not be able to absorb a rise in interest costs. Not raising the rates would lead to Weimar style hyperinflation, according to James.
Peter Schiff was right. Buy Silver
"Our paper money is precious" I actually laughed when I heard that
That 2006 CNBC video is PRICELESS!!! Peter Schiff is saying the same thing in 2011 and he is right again! (Peter Schiff on CNBC FastMoney 2/28/2011)Peter Schiff is one of my favorite economist along with Milton Freedman
Tye Burt, chief executive officer of Kinross Gold Corp., discusses the outlook for gold prices and the company's gold production and business strategy. Burt speaks with Bloomberg's Adam Johnson at the BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida. (Source: Bloomberg)
Silver : Safety With a Cyclical Twist - safe haven buyers prefer Silver to Gold
NEW YORK (TheStreet) -- Nick Brooks, head of research and investment strategy for ETF Securities, says safe haven buyers are out in Europe and are preferring silver.
Gold price is on the rise and they haven -- he could be and it did Tuesday eloped. Because gold index is on the spot price over three dollars joining me nick brooks had a research and investment strategy ETF securities. Now it which is safe haven buying coming from today and it doesn't look -- coming from the Middle East North Africa region so weird coming.
NEW YORK (TheStreet) -- Anthony Neglia of Tower Trading breaks down the silver trade as prices keep breaking to 31-year highs.
Silver hits a 31 year high at $36.74 is it time to take profits or do you wanna stay long ?
Anthony Neglia :'...Well I guess did you before -- see a lot of the profit taking is being done from overnight highs the intraday lows OK and we haven't broken. Any major trend lines to the downside yes thirty dollars would probably be a very cycle -- you know psychologically damaging for the -- investor OK but for those that. Are looking to get in at lower levels that would probably be the area that -- you know that I feel that it would would stop and some renewed buying interest. I mean there's a tremendous amount of open interest in the -- forty dollar call we have about 101000 Dodd 101000 contracts -- They don't expire for another month towards the end of April so if we get a hint of 38 to forty dollars over. This to be very very interesting. Moved to the upside if those calls happened to go in the money. Heinous thing any short contracts right now. Not really -- there is some profit taking on some options areas. As far as we're concerned but I don't see anybody taking any significant short positions in futures or an options okay -- beyond. This which is. The switches that have been done you still have a lot of shorts now because of the back would be seen in the further out months so eventually those are going to have to be bought back. Okay which. Renews my. Renews my faith in the fact that this is going to be -- continued rally. Question how are you treating you taking profits during the day in and buying back -- I like to take it from the elected taking from the long side finding areas that I would rather buy. And areas that I would rather sell so what that area like -- that area for me is the you know 35 area -- you know makes over. OK and -- you can take you know twenty -- profits in two day that's you know very good day's pay....'
Jeffrey Christian on The Silver High Streak - 2011 PDAC convention in Toronto . Kitco News continues it's exclusive coverage of the 2011 PDAC convention in Toronto with comments from Jeffrey Christian, Managing Director at CPM Group. Senior reporter Daniela Cambone interviews him on silver's hot streak and an overnight all time high.
Gold hits all time record high ; silver at 31-yr high
Trading sentiments for the yellow metal turned bullish on heavy buying support, following turmoil in Libya and surging crude oil prices. While gold surged Rs 200 to Rs 21,420 per 10 grams on rising seasonal demand, silver rose by Rs 1,250 to Rs 54,450 per kg on heavy buying by stockists and industrial units, amid firm global cues. However, such a rise has hardly made any difference in the enthusiasm of Indian buyers.
Middle East Crisis: What It Means for Gold - Kitco News .Jon Nadler, senior analyst for Kitco Metals, discusses Libya, oil prices, OPEC, and what this means for gold; China, India, inflation, and base metals also discussed. Daniela Cambone reports
Analyst David Bensimon (Polar Pacific) explains that goldwill outperform the U.S. dollar and maintains his previous price call of $2,600 for the yellow metal by the year 2014; Kitco News' Daniela Cambone reports from the iGlobal Forum in New York. via kitco news
Andy Gause wrote the book "The secret world of money" he joins Jeff Rense to discuss the financial problems that the US and thus the world are currently facing the Gold and Silver Rally , how to invest in Gold and Silver .This is just Andy Gause doing what he does best, telling it like it is.
Have Gold and Silver Prices Run Too Fast? NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals his price targets for gold and silver and how he's buying the precious metals.
You are listening to Financial Sense News Hour with Jim Puplava On the Financial Sense Newshour this week, Jim Puplava is pleased to welcome back Bert Dohmen of the Wellington Letter and Dohmen Capital Research Institute, Inc. Jim and Bert cover a number of topics that include Middle East turmoil, QE3 as well as higher precious metal and oil prices.
The clashes between forces loyal to Gaddafi and rebel factions are turned with particular violence in different parts of Libya, including the Ras Lanuf, a major oil terminal and home to the largest refinery in the country. Oil prices have then started running again and concluded in the case of WTI at the highest since September 2008 (104.42 U.S. dollars per barrel). The Brent is returned instead at $ 116 / bbl. Even gold, has regained ground, going over $ 1.43 per ounce. The silver had risen by more than 3%, went to the highest for 31 years, more than $ 35 / oz. Mostly weak or slightly wavy, however, the LME non-ferrous metals. Few also increases in agricultural markets. These include cotton, the historical record more than 215 USC / lb Ice and robusta coffee, the highest for over two years to Liffe (in contrast with the Arabic instead has lost 0.6%). In Progress in Chicago wheat and rice, and corn has an allowance of 1, 2%. Down more than 2% finally for the cocoa and sugar, both London and New York.
Every $20 Billion in new money will move the price of silver $144 higher. JP Morgan is in deep. Very, very deep.You have about 1 month left to buy silver if you wait till next year you will miss a massive wealth transfer to you and your familly
Always remember. If you are waiting on delivery you used your credit card. If you used your credit card Obama knows what you bought. New financial bill. ALL transactions go to White House
Silver supply constraints explained by Bob Quartermain . Bob Quartermain spoke about the constraints facing silver supply today, "Mine supply doesn't meet demand and in many of the new applications silver isn't being recycled, so it's not going to come back into the scrap supply chain... We'll have to go out and find new mines or new sources for silver and that can only speak to higher prices."
NEW YORK (TheStreet) -- David Morgan, founder of Silver-Investor.com, reveals his trading positions for gold and silver and which metal has more upside for the long and short...
Gold prices are popping on Friday after it -- but not often jobs number. Because gold index and the spot -- at it over thirteen dollars joining me is David Morgan founder and silver investor dot com. And even -- off. Look at silver and gold didn't do you have on right now it's been awhile since we talked.....
Mining for Silver
Mar. 3 2011 | An outlook on demand for precious metals, which have fallen on the day as stock prices have gone higher, with Dennis Wheeler, Coeur D'Alene Mines Corporation CEO. Silver is currently at a 30-year high.
Peter Spina of GoldSeek.com and SilverSeek.com is interview by Ellis Martin at The Phoenix Investment Conference. Mr. Spina reviews current and future market trends for gold and silver. His websites are two of the top ranked sites on the web in precious metals. He states that the country of his parents, the Czech Republic is much more LIbertarian than the U.S. now is, comparing America now to similarities under previous Communist rule in Czechoslovakia. This is a compelling interview. http://www.ellismartinreport.comhttp://www.goldseek.com
Silver is in backwardation and very difficult sourcing says Eric Sprott from Sprott mngmt assets .Silver is very difficult sourcing says Eric Sprott and explains backwardation ...Silver to Go to $100. That's based on Au being $1600. I a few years Au might be $2000 or more.I think $100 bucks silver is a conservative value i see it at £100 ;) this year which makes my new 911 turbo a reality
Why Silver is Headed to $500/oz - plus, Backwardation Explained by Jason Hommel .Silver expert Jason Hommel tells http://www.FinancialSurvivalRadio.com why silver, at just under $35 today, will eventually hit $500 per ounce, plus he explains why backwardation is now happening in the silver futures market.
Gold : New Reserve Currency?
Mar. 2 2011 | Many are blaming the Fed's low-rate, easy money plan for the weak dollar. Will gold replace the dollar as the new reserve currency? CNBC's Rick Santelli; Marc Chandler, BBH chief global currency analyst; and Boris Schlossberg, GFT Forex director of currency research, discuss.
NEW YORK (TheStreet) -- CEOs from major mining companies reveal their silver and gold price targets for 2011 at BMO Capital Markets Global Metals and Mining conference.Gold to Hit New Highs according to Gold Mining CEOs
Tues. Mar. 1 2011 | CNBC an update on gold's new high and discusses what's driving commodities, including oil and silver. Electronic trading and geopolitical risks drive commodities prices higher. . oil and gold hit new highs, as silver hits its highest price in 31 years. CNBC's Sharon Epperson has an update on gold's new high and discusses what's driving commodities, including oil and silver.
Max Keiser: Crash JP Morgan - Buy Silver! Update on AJ show : Alex Jones talks with film-maker, broadcaster and former broker and options trader Max Keiser from Beirut, Lebanon on the financial situation in the middle east and how it's all controlled by the Global Banking Cartel.
Mar. 1 2011 | CNBC an update on gold's new high and discusses what's driving commodities, including oil and silver. Electronic trading and geopolitical risks drive commodities prices higher. . oil and gold hit new highs, as silver hits its highest price in 31 years.
Rising Gold and oil prices while stocks are falling U.S. crude rose by 2.17% in the New York Mercantile Exchange
Gold also rose in the spot market to the highest level in three months, with the escalation of unrest in Libya and the Middle East, which boosted demand for gold as a safe haven, while silver recorded the highest level in 31 years.
Gold climbed in the spot market to the highest level during the session at 1423.65 dollars an ounce, its highest price since the seventh of December, when it reached U.S. $ 1430.95 an ounce.
Silver rose to its highest level in 31 years at 34.47 dollars per ounce, and was traded at a later time when the 34.31 dollars per ounce.
$1,434 Gold Will Happen Again says analyst Lind Waldock NEW YORK (TheStreet) - - Lind Waldock strategist Phil Streible is confident gold will return to the previous high of $1434.
Lind Waldock :... I think there's a high probability that we're going out there that think that the others no doubt that we're gonna move up there it's just matter -- and I think it could be easily in the next couple weeks. I think some of the main driving factors are there's geopolitical unrest is continuing -- we've seen. You know news report that now it's moved Almonte we've also heard reports that -- move to China. So -- continuing to spread here investors are definitely seeking you -- like quality and safety and they're finding it and that the models what. Main. Items that could happen -- that that can keep us from getting to that previous high. You don't Friday's unemployment report could be it bombs something that. By a little political left in the dollar and acts and you made the -- some gold come off
Silver Scarcer Than Gold But More Useful - Mike Maloney & David Morgan In Las Vegas (Ep 6) The world as we know it would cease to exist without silver.
I love you guys! You pint such a rosy picture for "the" metal!
With Silver looking fine above $34, of course the USA market will try to pull it down, but I do not think they will manage today...$38 here we come?
PS Hey Dan I thought you might be in the UK around this time?
PS II I should get my daughters little order of Silver Eagles right about now :0)
You speak, I listened and took action....but It would be worth to give gold _some_ credibility :) There is a lot of uses for gold in the electronics industry. Not to the same degree as silver, but it exists. Part of recycling of fine electronics is to get some of the gold back. It's also much used as a chemical catalyst, or at least experimented much as such.
So if gold suddenly disappeared, you'd certainly see signs of this in specific industries. It's not like no one would care or notice. But life would probably go on
SilverEbay and Market . 3-5 years ago the mantra was buy as much silver for your money and avoid the slightly higher premiums at the time for smaller denominations. As the market has heated up this has turned out to be not the correct advice. Not only did one receive a higher premium whan selling smaller denominations but toay the premiums for smaller denominations have increased anywhere from 5-8 fold while premiums have only doubled for larger bars of silver
This talk is truly the most throrough explanation of the Silver Market I've seen so far. Too bad the quality is not good enough to see the details of the screen numbers David Morgan uses.This is a good one to send to folks who are just getting into silver.
SLV scam exposed. Investment fraud, stock market scams, economic collapse, inflation, deflation, Gerald Celente, Jim Rogers, Robert Prechter, Alex Jones, Charlie Sheen, Michael Savage, Max Keiser, silverfuturist, visionvictory, Mike Maloney,Gadaffi, gold, silver, hyperinflation, bank holiday, bank run.
Hedge fund billionaire John Paulson has invested more than $4 billion dollars in Gold . With most bullion than most small countries . He made $158 dollars every second last year . He believes the price per ounce could reach $2400 within the next two years ....
Ned Naylor-Leyland, Partner at Cheviot Asset Management, and James Turk, Founder/Chairman of GoldMoney and Director of The GoldMoney Foundation, discuss the practicalities of implementing gold and silver as money. Ned sees a role for gold and silver as so-called settlement currencies. Watch the whole 21-minutes interview at http://www.goldmoney.com/naylor-leyla.
Thesilverprice recently climbed to the highest for 31 years, more than $ 34 an ounce, it has the potential for further price rises. However, the price remains very vulnerable, because there is a significant supply surplus in the market . This is the opinion of Paul Walker, CEO of GFMS, a prominent consulting firm specializing ...
Richard Russell, the man behind Dow Theory Letters talks about the depreciation of the dollar and why he feels safe holding gold at the Casey Research Gold and Resource Summit , What that in the 70s-80s what was driving the gold market was the fear of inflation. Today its the fear of the collapse of the dollar.
NEW YORK (TheStreet) -- How To TradeGoldat High Prices - Scott Redler, chief strategic officer for T3Live.com, reveals how he's trading gold as prices hit 2011 highs.
Gold and silver prices trying to hold onto their rally -- of gold in Mexico in the spot break up -- over dollar. Joining me where the trade got rather keep strategic -- their TP live dot com. I got have stalled out here for a goal of reaching a hyper 2011 around 1417. In varying margins but it -- how much.
No silver left to go around says Eric Sprott and the numbers prove it Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Feb. 22 2011 | Gold & Silver: Cling to Commodities in a Crisis Martin Hennecke, associate director at Tyche, expects a sovereign debt crisis in the U.S. and Europe, and consequently advises to hedge against such crises by investing in precious metals and energy. These safe bets give you freedom to take risks on other opportunities he explains to CNBC's Chloe Cho, Anna Edwards and Yousef Gamal El-Din.
James Turkis founder of GoldMoney.com, which operates the leading digital gold currency. He also publishes the Freemarket Gold & Money Report, an investment newsletter he founded in 1987. Previously, after a decade with the international department of Chase Manhattan Bank, he managed the commodity department of the Abu Dhabi Investment Authority. His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
Feb. 23 2011 | Kelvin Tay, chief investment strategist, Singapore at UBS, says gold must breach a specific price point before other metals move significantly higher. He shares his thoughts, with Daryl Guppy, CEO of Guppytraders.com and CNBC's Karen Tso and Martin Soong.
NEW YORK (TheStreet) -- Mihir Dange of Arbitrage reveals his new price targets for silver and how he's trading the metal. Silver prices keep popping two new thirty year -- you might he's the top or booked some profits to any need for the trade at the nymex -- Don gab arbitrage. -- here's the settling at thirty around 33 on Tuesday after hitting intra day high of 34 33 big ranges here having run too far too fat.
Uploaded by GoldMoneyNews on February 21, 2011
Chris Powell, Secretary/Treasurer of http://gata.org, is asked by James Turk, Director of The GoldMoney Foundation and Founder of GoldMoney if we're heading towards a monetary train wreck. Chris expects the central banks to mobilize gold back into the monetary system. This would perhaps mean a new currency arrangement and a revaluation of the gold reserves. View the full 34-minutes interview at: http://www.goldmoney.com/powell-turk
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals how he would be trading gold and silver as the metals continue to rally.
Gold prices breaking 14100 silver at thirty year highs. Doing these bills -- senior market that is at and while not now let's -- up with silver here spot price of about fifteen so right down 59 cents but -- after a rally at 3433. On Monday. Big move in the last week aren't trading right now. Phil Streible, :....You don't look -- have really taken profits up at these levels here and that's something you rarely hear me say. I think prices that moved a little bit too far too fast. On other people disagree with me but I'm looking at somebody outside markets -- BS and 500 down significantly. All the rating market's getting hit some of the other metals like copper platinum palladium or -- look on -- a significant amount of pressure and it beat that this could be a soda for some kind of reversal. On on the silver market which could have some blacks are specially with some guys that -- to -- getting in. Running out of cash generating margin calls and I think silver prices -- a little bit weaker.
MANIPULATION FAILS, METALS SPIKE & CEO's SPECIAL SILVER OFFER : It's all happening right now... Make sure you are protected with food, water, self defense & physical metals.Its a shame that silver is now hovering just above $33 an ounce.I think it's too low. Last night I seen silver reach $34.56 and thought it was goint to break the $35 mark. The lower it gets the more I will be able to buy. Keep stackin America, Destroy the Banksters, their strangle hold is coming to an end they know it & we know it. Spread the Word, The Ponzi scheme is over !!!!
The gold market is increasingly being dominated by China. Beijing, which in 2007 surpassed South Africa as the world leader in gold mining production in the last ten years has almost tripled the demand for gold to around 600 tonnes in 2010 a record year also globally, with a total demand that peaked decades of 3812.2 tons (+9%), driven by the jewelry, in recovery of 17% to 2,059.6 tons. The statistics of the World Gold Council (WGC), published recently in Gold Demand Trends report, show that China's demand has become very explosive especially in investment, in other countries after the boom of 2009 there was a setback (the overall figure shows a decrease of 2% to 1,333.1 tons, a decrease by as much as 45% for ETFs), while the People's Republic of fear of inflation combined with the lack of alternative investment has produced a real own gold rush. The Chinese have bought 179.9 tons. bars, ingots and coins, 70% more than in 2009, surpassing the United States and Germany. In 2011 China's investment in gold could rise another 40-50 per cent.
China, nevertheless, is still far from being able to oust India from the podium of the first consumer of the yellow metal. The impressive recovery in demand in New Delhi makes this objective even harder for China : +66% in 2010 to 963.1 tons, almost everything related to jewelry.
The gold in 2010 reached a record $ 1,432.50 per ounce in December. After starting the year down in recent days - especially supported by the unrest in the Middle East - is above $ 1,380 / oz. "It seems that consumers, especially the larger ones, namely India and China, have become accustomed to higher prices . The high prices seem to even have provided an extra motivation to buy gold, described as an investment asset quality. "
Amid fears of protests and access to oil installations in Libya Gold tends to penetrate the barrier of $ 1400 because of unrest in the region
Gold prices continued to rise , and reached its highest level in seven weeks on Monday with the continuation of protests in the Middle East, which has increased the demand for the metal as a safe haven, while silver and platinum rose to historical high levels in light of expectations of growth in industrial demand.
Continued gold gains after surging nearly three percent in the last week, is expected to continue to rise with new reports from North Africa and the Middle East, the United States market closed on Monday because of the holiday.
higher gold prices are also due to real concerns about the supply of oil in Libya or subjected its oil facilities to disrupt or stop because of the protests, oil prices could move to record highs because of the deteriorating situation in Libya, which worried also the metals markets. "
Analysts point out that the entry of world's central banks has become the largest buyers of gold to boost their reserves of precious metals, The data of the World Gold Council released on the seventeenth of February has revealed that the growth of gold demand in the Middle East increased by 39% during the fourth quarter of last year.
Gold a highly liquid reserve currency and a hedge against Inflation
Gold was used as a "reserve currency" and an inflation hedge because it could hold its value over hundreds if not thousands of years ...
Why invest in Gold , because Gold is :
* Is portable and divisible. Its weight easily determine the value of the object;
* Is indestructible;
* Is easily recognizable and acceptable form of payment.
Whether in times of crisis and in times of prosperity, gold endures. The cyclical nature of the market is a historical fact and discharged, but gold is able to maintain its value over time. By contrast, many currencies (including the U.S. dollar) and industrial raw materials have generally lost value. This is because gold is often bought to hedge the risks of inflation and currency fluctuations and also because many investors around the world see gold as a safe haven of last resort, safe and important part of their investment portfolio. The 'gold maintained its value against the U.S. inflation rate over the past 200 years.
In other words, the value of gold - or what you can buy goods or services - has remained fairly stable over time. For example, a man dress in 16th century England at the time of King Henry VIII cost the equivalent of one ounce gold price that you can now also pay for a modern dress.
Gold is known as a safe haven. Throughout history, national currencies have been considerable fluctuations while gold remained fairly stable. Is not directly affected by the economic policies of each country and can not be repudiated or frozen as in the case of some paper assets. For these reasons, one quarter of all gold held by the existing governments, central banks or other official institutions in the form of international monetary reserves. Nothing suggests that the ability of gold to maintain its value will change over time in the future, although for some time, the U.S. dollar as currency and the Swiss Franc have become increasingly attractive stores of value.
Gold is one of the world's economic goods more "liquid". It can be readily sold at 24 24 hours in one or more markets around the world. This can not be said for other types of investments including bonds or shares of major companies and organizations worldwide. In addition the commission on gold sales are comparable to those of stocks and bonds (securities deemed liquid). Finally, the time required to perform is that gold equities or bonds, and virtually identical.
AngloGold Ashanti (AU) posted a decline in fourth quarter headline earnings today, to $294 million, compared to $303 million in the third quarter. Productions costs for the Johannesburg-based gold miner rose in the fourth quarter, to $672 per ounce, compared to $642 per ounce in the third quarter.
The price of gold is constantly changing but right now it's headed up.
Bix Weir, author of the 'Road To Roota' Theory,he is a writer researcher and member of the GATA , His opinion is interesting, but something rings true to me about the US Note and the Chinese behind its introduction into our monetary system and the method for winding down the Fed system.He seems to think the GET Team conference call was fantasy, but I can't shake the locigal sense it all makes.If the yuan is to become the reserve currency, and we are all to back our currencies by commodities, this would be great. Benefits everyone.And this ISN'T planet America, we need to realize that.
Like many, I really have serious trouble believing that Greenspan is a "good guy". In fact, I think he is very evil. I have studied what this man has done (and not done) during his tenure as Fed Chairman.. Dont believe Greenspan is actually a "good guy" and just going along for the ride or that there are others in government besides Ron Paul that are for the people. Agree the collapse of the fiat money system is inevitable, but dont believe Bixs fairly tale ending that the US will then have no need for oil due to technology and a wonderful life for all will ensue.Greenspan laid out enough rope to let international bankers hang themselves not to protect good people. He did it in line with other Illumanist in order to pop the ultimate bubble and rob the entire upper management/handling class so that they may strike down any challengers for power and move the world back toward a feudal system with a gold standard. Practically, they own all of the gold and would assure their wealth and power for a long time. It's long term defensive planning.I was a little surprised the guest didn't mention Greenspan was also a protege' of Ayn Rand.
Mike Maloney & Robert Kiyosaki THE DOLLAR CRISIS- Mike Maloney & Richard Duncan. Discover how you can Collect Free Silver with ISN Coins know as International Silver Network.. Don't be left behind.
Richard Duncan has written two of the greatest books on our global economy, 'The Dollar Crisis' and "The Corruption Of Capitalism'. Richard has drawn up some concrete steps that he believes the USA must take immediately in order to steady the ship and pave the way for future sustainable growth. Do we have time?
The price of an ounce of silver reached a thirty years high on the international markets today. The metal for delivery in March 'jumped to $ 32.66 an ounce at the Comex in New York The highest since 1980 ,the demand for silver also is the highest of all time, and is expected to continue to grow. Silver which is also an industrial metal is used for industrial purposes such as the production of solar panels and medical equipment. Analysts expect further price increase . There are rumors (but lacking official confirmation) that trade is concentrated in "strong hands" of the institutional players, and it would be advisable for retail investors to wait for a bearish correction. In the past year alone the price has increased from 16.82 (closing of 31.12.2009) to 30.83 (closed 31.12.2010) an increase of 83.29% on an annual basis.
The statistics contained in the Silver Yearbook in 2009 indicate that the metal has attracted net investments of 209.7 million ounces, a number exceeded only in 1980, when it reached 222.2 million ounces, and also estimated in 1968, with 226 million. In 2010, CPM Group forecasts that it will reach 213.9 million, with a significant contribution from numismatics. In 2009, sales of silver reached a record high (35 million ounces) in January and the application of an ounce coins minted by the U.S. Mint was the highest since 1987.
NEW YORK (TheStreet) - - Silver's lower cost makes it easier to trade than gold, causing higher pirces and more activity says Lou Grasso of Millenium Futures
Lou Grasso....:.....gold is up about eighty dollars so was up about five dollars that five dollars represents almost 20% increase in silver. In the last two and a half weeks. Over that you know this -- because a lot easier for the involve markets cheaper. It's much easier I just discuss with somebody your friend of mine the other day want to get involved -- And I -- god one day a week don't go off to dinner to go out four days a week. Or four days a month. One day don't go out take that hundred dollars a 150 dollars by four -- five points with -- and in the long run you'll build a big decision and of silver goes up that's greatly you've got a nice investment. It's -- goes down do we just gonna wasted on dinner ready .....
Feb. 17 2011 | 2010 was the year for gold, but Erik Wytenus, Executive Director & Head of Commodities at J.P. Morgan Private Bank says 2011 will be the year for oil. He tells CNBC's Oriel Morrison why.