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
Phil Streible, senior market strategist at Lind-Waldock, says that $1,500 goldand $45 silver are still possibilities but that both metals will correct further
gold silver ratio start to rise again on that has been. Sorry about that severely bad it -- down you know that while the 34 range power -- culture that thirty day we should be dead. Debt spread chart and -- it yeah. On golden copper prices and very far away from both major moving averages and if it is moving average gold on -- in no way I would even worse that -- at 34 dollars so I think the default all quite quickly.
Silver prices at 31-year high , silver hit a new 31-year peak Tuesday as investors' desire for safe havens trumped news of a Chinese interest rate increase. the price of silver, which more than doubled in the last 12 months, climbing to its most expensive level versus gold since 1983.according to some experts like James Turk and Eric Sprott , the silver bull rally just started and we are going to see an explosion in the silver market in the coming months and years , this is the decade of the silver Eric Sprott calls it ,this is the biggest investment opportunity in human history says Mike Maloney
Max Keiser : Silver Skyrocketing, JP Morgan Getting Crushed
Film-maker, broadcaster and former broker and options trader Max Keiser talks about the financial situation in the middle east and how it's all controlled by the Global Banking Cartel.Max Keiser is one of the best sources of information out there in the media telling people the truth about economic issues. & JP Morgan is a big manipulator of the precious metals market specifically silver.SLV is a manipulation mechanism: JPMorguan is "trustee" custodian. They say all the silver is really there in the vault, but trusting the notorious naked silver short banksters with all that silver is kind of like letting the fox guard the hen house. Fox says: "All the hens are good." (in his stomach). YT user: endless mountain made a video on March 1, 2011: Chart shows SLV consistently goes down during trading in the west, but smart Asians buy up REAL SILVER at night! Manipulation Exposed!
Author and monetary ( Currency ) historian and nationally recognized expert on the U.S. Monetary System Andy ( Andrew ) Gause , author of the books The Secret World Of Money, and Uncle Sam Cooks The Books, What does Andrew foresee in 2011 for : prices of food, gasoline, natural gas, gold, silver , the bottom line is...
As long as we have a money supply that is permitted to be expanded by private banks and politicians at will, then the increase in the money supply guarantees its value will decline over time.As the value of the money we use declines, the price of physical commodities that the money can purchase will rise in price. In other words it will take more of the same paper in the future to purchase the same.
*European crisis manufactured to strengthen the dollar?
*When will U.S. produce needed jobs?
*What is the real story from Jackson Hole meeting?
*How to protect retirement accounts from USG takeover?
*Will gold and silver retreat before moving on?
*Why are Obama's bosses totally confused, or are they?
Gold is The only Money says Michael Ruppert , it has alays been since 6000 years ago and people will always turn to gold when the SHTF
gold is money based on the price of crude oil from 1950 to 2010.Money retains is value. Dollars, on the other hand, don't retain their value because Ben Bernanke is printing them like crazy.The US only has about 260 million ounces of gold.
At today's price, that only covers about $260B of debt.
The US national debt is more than $5T foreign debt, $5T domestic debt.
Thus the 260M oz of gold has to be spread over 5T or 10T not 260B.
Thus gold is worth much more than a few thousand dollars.
Going to the gold standard would be a massive transfer of wealth to gold holders and impoverish dollar holders.Nixon took the US off of Bretton Woods to save the last third, which is easy to see would be in the range of 250 million ounces.
Greenspan testified to Congress that the US does not trade in gold anymore.it's time for people to consider who they are as people and what they value as Americans.
It's time for people to stop identifying themselves by a political party.
it's time for people to prioritize and decide what is most important in their lives
the time to support Ron Pall has passed, and protecting Schiff would be like trolling the internet.
economically, farmers and those who know how to farm will be better off than everyone else.
Lindsey Williams who has been an ordained Baptist minister for nearly 30 years, went to Alaska in 1971 as a missionary and because of the executive status accorded to him as Chaplain, he was given access to the information that is documented in his book, The Energy Non-Crisis reveals new bombshell information . In 2009, Williams talked about the plan by the global elite to sabotage the dollar, destroy the economy and America by 2012. If you think that Gold and silver are expensive now , you have not seen anything yet says Lindsey Williams , gold and silver are the currency of the elite and anything on a paper (fiat money bonds stocks ) is worth the paper it is written on . Gold production is decreasing due to few great Gold mine discoveries. Witwatersrand played a big rule in gold offer since 1970 and people investing in Gold should observe the whole around this metal. I have seen predictions of Gold falling back to USD 300/oz (speculation) and I have also seen predictions for Gold reaching USD 9000/oz considering industrial consumption and mining supply. Gold Mining production is around 2500 ton/year and demand around 3800 ton/ year. Take your own conclusions.
David Morgan : ..."I think that we've got more upside for a few more weeks. I think the sooner or later we gonna need a breather a back in and filling as we say in the trade. Nothing goes to the moon straight up forever. I do believe that I am right when I wrote several years ago that silver when it was under 5 will go to a 100 dollars an ounce I am still looking for triple digits not in 2011 . I said we'll 40 in 2011 we are there today , are we going higher this year ? probably will , are we gonna see 50 this year I am not sure "
Marc Faber " ...In Gold and SilverTerms the Dow Jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "
Futures rise, following global markets higher. Goldjumps to a new record and silver crosses $40/ounce Jay Taylor, president of Taylor Hard Money Advisors says that all the signals now are that we are going to have an easy monetary policy from every corner of the earth and as long as we Quantitative Easings then we have a rally in Gold and Silver , The inflation is much higher than what policymakers claim in the U.S., and prices will continue to rise.savers are being punished it is a road to disaster the keynesian way of stimulating consumption without savings
Bullion Dealer Sees Skyrocketing Silver Demand .Siver been in backwardation over the last several months because of this squeeze in silver on the physical side it's that the curve flatten out a little bit right now and it appears that things are loosening up but it's still not where it normally yes. Now put -- I that's that's a great question because right now what we're seeing is that. Across America the individual investor the fifty million portfolios -- that's a 100000 more. Those people are just becoming aware of precious metals as a part of their good balanced up allocated portfolio.
The fact that The Central Banks have become since 2010 net Buyers of Gold is a very bullish signal , this is an enormous shift a game changer in the greatest bull market in the history says Mike Maloney , this not counting that Iran and China are buying gold with hand fests under the table....
Mike Maloney The Central Banks all around the world have become in recent years net buyers Gold and this does not include several countries like Iran and China who have been buying under the table and nobody has the official numbers because they do not report them to the World Bank and the IMF (Why Would they anyways ? LOL ) this practically means that the dollar is toast says Mike Maloney this is the big game changer this is the greast bull market in history
Goldhits a new all-time record high silver is at a 31-year high silver is at a 31-year high, up an astonishing 116% over the past year. investors are flocking into gold and silver for a variety of reasons whether it's geopolitical instability war in Libya because of political issues or financial issues, whether it's expanding monetary masses all over the world and the debasement of the Fiat currencies with hypereasy monetary policy,governments running the printing press, inflation creeping into the system, whether you believe the Mayan calendar, 2012 next year, the sum of all those fears is being incorporated into the price of gold and silver. as investors run from currency to currency and find no refuge, they continue to come back to gold and silver, making new records silver is at a 31-year high, gold at all time record high. Gold should be around around $2,300 if we adjust it to inflation .silver has been a monetary metal redeemable for money throughout American history until the last 40 or 50 years. we were on a gold standard and a silver standard. so silver is the same inflation hedges as gold . there is also the industrial component to silver, it's undervalued relative to gold for the past year or so. it's finally catching up. but, it still has plenty of room to go. they're talking 40, 50 dollars an ounce soon. if we went back in constant dollars the price of gold would have to hit $2400 bucks to equal where it was in 1980. so, are we going to go over $2,000 in gold , as a percentage of global financial assets, gold peaked out at about 6% in 1968. it's under 1% right now. so it is underowned despite the furious way that people have been accumulating it over the last few years says Jon Najarian. we'd see a much higher price out of silver because of short squeezes , there's no doubt at all that it was the Ben Bernanke speech that triggered the last run-up in gold , . there can't be any question that was the one event on the horizon. he said there's no inflation problem. commodity prices have nearly doubled in some cases over the last year, and see no evil, speak no evil at the FED says we've got no problem. people are so poor they're willing to work cheap, housing prices are falling. so you have certain aspects of deflation which keep the aggregate CPI down. but that's not relevant. the rest of the world knows there's inflation. if Bernanke can't see it, run the hedges.
Max Keiser : for every ounce of silver that somebody buys JP Morgan sells 20 to 50 ounces of silver that does not exist it's called naked short selling , that's the bottom line they are selling silver that does not exist , by some estimates they are 3 billion ounces short that's more than a billion of the entire silver stock above ground , the short sold more stocks than exist above ground on the floor everyday manipulating the price , for every ounce of silver JP Morgan tries to sell 10 ounces of silver as a naked short sell , silver that they do not own but at the end of the month the books have to be squared the COMEX has to physically deliver , now with the Silver liberation Army we are going to put JP Morgan six feet under says Max Keiser by taking possession of the remaining physical silver , The Silver Liberation Army a global army of physical buyers says Max
Weak supply in the Gold market added to strong demand , you will always get volatile prices , plus two serious global events in the middle east and in Japan which have added to the uncertainty of the market and helped in boosting the Gold prices . Gold prices could hit $1500 this year and $2000 in one to two years, Owen Hegarty, Vice Chairman of G-Resources Group says "Most people are upbeat about commodities, demand is very strong all the way across all commodities across the world generally speaking and supply is very weak,"Gold is the perfect metal all the demand factors are strong at the moment it is the right phase of the moon so to speak for Gold it's a commodity is a currency it's a safe haven it's a store of value it is a hedge against inflation it is all of that yet on the supply side you are not seeing central banks selling in that market you're not seeing a big uplift in the output of gold on a worldwide basis Owen Hegarty explains
Pastor Lindsey Williams who have insiders amongst the elite who pass him pieces of intel about what they are planning to do in the future especially regarding the prices of commodities such as Oil Gold and Silver , he was proven to be right in the past , Lindsey Williams says that gold and silver are the money of the elite , , the elite are planning to crash the dollar before the end of 2012 , by then gold will be at $3000 and silver at $300 an ounce , do not you dare sell your gold and silver says Williams if you think they are expensive now you have not seen anything yet , the elite are planning to introduce a new world currency and they want it backed by gold and silver , hold on to your gold and silver folks , Lindsey Williams has been proven right in the passt especially his forecasts for the price of crude oil...
Eric Sprott on CNBC - silver to shine after it hits US$39 per ounce Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade ....keep on stacking folks !
Gold is going from one record to the next lately and hitting an all-time high now. the precious metal had an impressive run over the last ten years while the S&P tacked on just 16%, gold is up 464%. Today gold is about 8% higher than the value of the s&p 500.analyst Sam Stovall does not believe the gold is over valued matter of fact he believes that there is a longer term price appreciation ahead and he sets $1,800 as a chief target on the long term ,Gold Fundamentals still strong and a brighter future lays ahead
05 April: New Record in NY 1452 an ounce record high also in London in 1449.30 Gold: New Record in NY 1452 an ounce gold hits a new record on international markets. In New York bullion for delivery in June was quoted at $ 1,452 an ounce , while that with immediate delivery in London rose to $ 1,449.30 an ounce.
The silver price broke the barrier of $39 today , there is no stopping to this silver rally , the fear of inflation and the weakness of the dollar are likely to boost the silver price even higher in the short term , in the long term the fundamentals are fantastic , experts talk about $50 in this summer and probably $100 an ounce silver next year if not even more ,silver is poor man's gold and as gold becomes expensive for the average investor , many will focus on silver
Silver price which more than doubled in the last 12 months (that's four times faster than Gold which was up by 25% ) climbing to its most expensive level versus gold since 1983.Silver is catching Gold up quite fast becoming the new Gold , Silver as a precious metal like gold is used as a hedge against the weakness of the dollar it is also the most widely used precious metal in industry , there is also the China factor which has become recently a net importer of silver , political uncertainty in the world largest silver produced Peru may add further impitus in the near term to silver prices
Gold and silver will soar as long as central banks continue to expand their liquidity programs QE1 and QE2 .Hans Goetti, believes that it is likely that we are going to get QE3 when QE2 will expire by the middle of the year , we all know that QE2 was essentially the reason why the stock market rose from august until now in basically one straight line he says we also know that commodity prices went up sharply gasoline prices went up sharply and so on and if QE2 ends who is going to buy all these treasury bonds who is going support the stock market , what probably could happen we could see a stock market pull back and possibly a pressure to do something , we could see a renewed weakness in the economy by the end of the year he explains ....Hans Goetti is bullish on gold and continues to be bullish on gold as long as the banks continue to expand their liquidity at the rate they are doing , currency debasement is topic number one when it comes to precious metals inflationary pressures are the result gold will go much higher and silver probably even more
Robert Kiyosaki, along with friend, and author of the Rich Dad Advisor Book, Guide to Investing in Gold and Silver, Mike Maloney, explains why gold and silver are vital investments for today's economy.Gold is primarily there to STORE your wealth and protect you from inflation.If it rises compared to paper money, consider it an extra.The US Fed QE2 stimulus will end and the artificial inflation of the world stock markets will collapse not long after
Gold as of now should match the amount of dollars in circulation like maloney says, but the fed could decrease the money supply. Dont think it cant happen. If the currency is on the verge of collapse, they will do it to save the central bank just like the depression of the 30's. either way, i think gold outperforms but dont get so cocky on gold 15,000. You never know what these politicians will do. If obama loses in 4 years, gold will tank.Silver's intrinsic value extends from the fact that it protects your accumulated wealth, is a highly accepted medium of exchange and it`s real money at every step of the way. In the existing situation it's going to be a profitable move to hold silver bullion since it can lead you through periods of currency inflation, volatility, and financial downturns.
Adrian Douglas speaks about the debasement of the dollar and the rise of the gold price.Adrian Douglas is a member of the Board of Directors for GATA the Gold Anti-Trust Action Committee and editor of the Market Force Analysis Letter he offers his projections for gold and silver prices and discusses collusion at the LBMA. Adrian is very bullish on Silver and he says that he believes that the silver price has a long way to go before we will see any set back .My opinion is that the SLV doesn't have any silver. The SLV is nothing more than a ploy to siphon off demand for physical silver. They don't need physical to accomplish this ,because the game is rigged. SILVER Will explode
Adrian, Murphy & GATA is so spot-on because the Inner Beltway Idiots continue making the wrong decisions, not taking the harsh, bitter medicine necessary to cure the patient If China doesn't buy any more US debt, then no one else will want to either, and if the only buyer of US treasuries is the Fed, then how long can that last?, and if you get such great deflation that you can't roll over your treasury debt, then you default...Gold is an element that is rare, durable, and impossible to counterfeit making it very suitable for currency as well as other metals like platinum and palladium. Fiat currency or the paper that you hold in your wallet is easily created by gov which can destroy its value. Gold is more rare than silver, and mining companies pull 15-16 times more silver out of the ground than gold giving it a ratio of 15:1 to 16:1. That means it takes 15-16 ounces of silver to equal 1 ounce of gold.
Rick Ackerman On the edge with Max Keiser-04-01-2011 talking about the Silver Market ,Rick Ackerman predicts that silver's price will soon be steady. Regarding gold, he says it is still the best investment and as long as the dollar is weak purchasing gold is advised. He believes the dollar will continue to be weak because of the massive amount of dollars in the market , there is no change in the trends that boosted Gold and Silver ,the next shoe to drop will be the dollar , all of the Japan stimulus has been fed into a global inflation because of the Yen carry trade , infinitely borrowable yen at interest Zero has fed into a global inflation , thge money does not necessarily go where the Japanese government intended it to go says Rick Ackerman
Did you all know that each Tomahawk missile contains 16 kilograms of silver which is more than five hundred ounces of silver 500 oz. (The Silver is indeed used in thse high tech gears because it is the best electrical and thermal conductor among all metals )? Each Tomahawk costs $1,066,465 and has more than a 500 oz. of silver inside which goes totally destroyed and lost forever when the missile is launched as the silver is blown into million pieces and therefore it is impossible to recover the silver that was inside . Pure silver has the highest electrical and thermal conductivity of all metals known to man. When there is a $1.066 million dollar missile is being produced the military will use only the best materials available to ensure the best performing results . So far, since the start of the war in Libya, 164 Tomahawk missiles lobbed into the Libyan desert therefore they've destroyed three tons of pure silver over there in launched Tomahawks. Gone for good. Got to be good for the future price of silver.
James Turk in in Madrid 25 Nov 2010 speaking in a conference about What is Gold : Gold is the most misunderstood asset class he says Gold is not an investment it is not volatile in fact it is not even a commodity on the same sense james Turk in another interview with www.mineweb.com called Gold not a commodity but money , James Turk : ....... because gold is not like other commodities. Gold is in fact not a commodity it's money. It's a tangible asset like other commodities but it is in a different asset class within this tangible asset group. Commodities are consumed and they disappear, gold does not get consumed, it doesn't disappear, it continues to be accumulated every year, there's about 1.5% more gold added to the above ground stock of gold - and the reason why gold is accumulated in this way is because it's money and as a consequence it has an interest rate structure that is determined by the market, so gold should be in backwardation even though interest rates don't show it.
Economist Peter Schiff of Europac on CNBC 31 March 2011 answering questions about the Silver Supercycle and where he sees the prices of silver going after silver rose 22% in a quarter while gold remained basically stable...Peter Schiff: I have been riding this bull (Silver Bull) since 1999/2000 ...Silver kind of has the best of both Worlds because it is an industrial metal and also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it ....the silver price is rising for the same reason that oil price is rising or agricultural commodities are rising , paper money is losing value , it is losing value because central banks are printing too much of it , that's not going to stop , look at the news you got today , you got higher than expected inflation coming out of Europe , you got the CEO of Walmart basically warning Americans to brace themselves for serious inflation he is looking for cross the board broad based increases starting in June
I a recent interview with the french radio host Jovanovic James Turk from Paris gave his prognostication about the Gold and Silver market and answered a range of other questions , he said that he predicts Gold price to hit $1800 before June and Silver $50 in a couple of months , in the video James Turk starts speaking at around 02:11 and he speaks in English with a french translation , so you can watch the video even if you do not understand french
James Turk says that Silver is in a prolonged backwardation , basically silver was in a backwardation since January , a backwardatio happens when the spot prices are higher than the Future prices it is a very rare very unusual very bullish situation , normally when a commodity goes into backwardation it lasts just for a short time but Silver was in backwardation since January , even if the price of silver has risen it remained in backwardation which is very very rare says James Turk "my long term forecast for Gold and Silver and this is a forecast that I made in 2003 , it is $8000 Gold and $400 Silver sometime between 2013 and 2015 " he says
Silver mining costs are below those of Gold , Silver is incredibly under valued says Mike Maloney, author of Rich Dad's Guide to Investing in Gold and Silver, predicted $15,000 gold but think silver offers more upside over the long term.“The world is going to rush into gold, but just like at the end of ’79, once it gets too expensive for the common man, which I believe is somewhere between $2,500 and $5,000 an ounce this time, the public changes their preference and they start noticing that silver is still cheap, and they start buying silver. That’s when silver blows the doors off of gold on a percentage basis just like in ’79.” In 1980, it took 1000oz of silver to buy a single family median price home, that day will come again but it’s probably going to be less than 500oz. This opportunity isn’t going to last for long…there are these brief moments that go by, as far as historic time, they go by in the blink of an eye…where the safest place to be, the place where people run to, to protect their financial well being during economic crisis, gold and silver, they have been the safe haven for your finances for 5000 years.
Mike Maloney explains the difference between investing in physical gold and silver and investing in gold mining stocks , which ones may give better returns , be careful with numismatics and small junior miners
The corrupt fiat monetary ship has already hit the ice berg . We are now in panic and wondering if we should put our life jackets on . We really hope that someone will save us all , but do we really buy that? The central banks are printing pieces of paper to try and plug the gaping hole in the hull , but the water is relentless. Meanwhile the ship announcer (media) is telling everyone that help is on the way. Do we really believe this? Its simple , put your life jacket on and get ready.
i vote to go on a silver standard. have only silver banks, no paper money. paper has to backed by silver only. all coins to have 90 percent silver in them We weren't on a classical gold standard during the 1920s. Rothbard: "Over the entire period of the boom, we find that the money supply increased by $28.0 billion, a 61.8 percent increase over the eight-year period. This is an average annual increase of 7.7 percent, a very sizable degree of inflation. Total bank deposits increased by 51.1 percent, savings and loan shares by 224.3 percent, and net life insurance policy reserves by 113.8 percent."
Max Keiser showing you can protect your earnings by investing in gold and silver, so it does not hurt as bad as the politicians and central bankers smash the value of their currencies, hurting ordinary savers.Are you going to join Max Keiser in his Silver Keiser' Liberation Army .The silver train is leaving the station! Do NOT get left behind!Silver is extremely undervalued, but if you have enough capital to buy and sell large quantities you can take those profits and invest them in other assets so that you are not singularly exposed. Silver is so cheap that just about anyone can buy it and eventually accumulate enough for a substantial nest egg.
Gold at $1,500 in the next 3 months. says Dominic Schnider, Head of Commodity Research at UBS Wealth Management among the reasons he give are the weakness of the dollar the European debt problems and the possible bailout of Portugal
There are practically two schools of thought right now in one camp you have guys like Pastor Lindsey Williams who practically say get out of paper assets you cannot trust you need to get into physical assets like bullion gold and silver , the mining shares also being paper assets cannot be trusted as they may turn to be worth the paper they were written on , the second school of thought with reknown investors like John Embry and Eric Sprott who are saying you should take advantage of the silver and gold price rally by taking advantage of the leverage only available only to mining companies and mining shares ...
There is a big Selloff today in the Gold and Silver's market a lot of profit taking in this case a defensive approach is advised , gold price could go back as low as $1385 says analyst Phil Streible , this correction is a great occasion to buy more gold and silver a golden occasion that may not repeat itself before the summer when experts expect the Gold to go as high as $1500
In a recent interview with www.mineweb.com James Turk said that Gold is not just another commodity : JAMES TURK : No definitely not - because gold is not like other commodities. Gold is in fact not a commodity it's money. It's a tangible asset like other commodities but it is in a different asset class within this tangible asset group. Commodities are consumed and they disappear, gold does not get consumed, it doesn't disappear, it continues to be accumulated every year, there's about 1.5% more gold added to the above ground stock of gold - and the reason why gold is accumulated in this way is because it's money and as a consequence it has an interest rate structure that is determined by the market, so gold should be in backwardation even though interest rates don't show it.
Bob Chapman : ...Every two weeks I buy Silver and I do not care what the price is
Bob Chapman : my take is every two weeks I buy Silver and I do not care what the price is , it does not make any difference to me ...and I buy Gold too but mostly silver recently because I see the leverage that is involved , you are talking a hundred to one I talk 45 to one , but it dos not make any difference it's BIG and JP Morgan Chase and HSBC they're buried they can't get out , what we are talking about : $50 , $60 silver short term , what are we talking about ? a loss of 50 billion dollars ! that is a lot of money , now what I expect them to do when they get to that level and they cannot cover , they are gonna default
James Turk - Silver Backwardation Near All-Time Record , James Turk & Chris Waltzek - February 23, 2011
SIlver up 13% in the last month. Beats hell out of the 0.1% interest rate I was getting in the bank before I made my own little bank run.
If the Chinese are buying silver so should we! Buy silver it's a steal at the current prices. Look at historical charts, in 2000 it was $4.02 a troy & now its over $37, that means $10000 invested in 2000 would now equate to $90,000! buy silver instead of a new car!
Peter Schiff : I think the Gold is heading higher , the problem is not just the money that is in motion it's the printing presses , as long as we are doing Quantitative Easing the dollar is gonna lose value , in fact you mentioned what's keeping the Euro afloat . it is because you are measuring it against the dollar , and as weak as the Euro is the US Dollar is even weaker , we have hit today a record low against the Aussie Dollar....for the Gold to hit $5000 from here what is a triple , well Gold has more than tripled in the last ten years says Peter Schiff in fact i believe that gold will increase its rate of ascent in the next ten years versus the previous ten...
Gold posted a new High of $1448.60 before falling on Thursday , another big rally in metals , large amounts of physical metal moving from the middle east and north Africa towards Malaysia apparently the dictators in north Africa are trying to get their assets in a form that won't be locked up by freezing accounts but will be in a friendly country that is Malaysia , the general mood toward precious metals is still bullish
Both Gold and Silver hit today all time heighs ,the bull market continues due to different factors , amongst which the weakness of the US Dollar the industrial demand from japan (regarding Silver ) the bad news about the housing market and also the fears regarding a new QE3 and the FED continuing to print more US Dollars and dump them in the market....
"Gold will rise to $5,000 an ounce in the next three to four years as governments across the globe fuel money supply and raise the prospect of currency debasement, " Robert McEwen, chief executive officer of U.S. Gold Corp., told Bloomberg Television today . Gold is benefiting from the Financial Uncertainty created by Portugal debt and possible bailout by the EU .The price of gold today surpassed the record of $ 1,444.95 reached on March 7 a historical highs never seen before .
The gold standard is what kept politicians in line, and kept out dollar strong. Arbitrarily printing money is weakening it - $4.7 trillion to $8.2 from 2001-2008 says everything. a dollar as good as gold could solve a lot of our trouble , the dollar's been devalued on purpose to prop up our real asset prices and stimulate exports and foreign investment in the US. It's all about increasing liquidity when there's a danger of liquidity drying up.Like any tangible commodity, the value of gold is arbitrary and susceptible to manipulation by the market. Altering the fraction in such a way would cause the value of Gold to rise exponentially at first, as I pointed out in a previous post, and then crash upon its value becoming inflated, resulting in an economic collapse. No, if such a transition would occur, it could be a gradual process only after the economy hits rock bottom and U.S. Treasuries begin to move into gold and other tangibles.
Gold was chosen, once upon a time, for its properties. Diamonds are not so practical as gold in that you can break up into any number of denominations without changing its mass/volume ratio. Can't do that with diamonds or Rubys. Silver has been used; in fact you could use it as another denomination as nickel and copper have been. Ever heard of nickels dimes and pennys?
You also have to remember that we had the gold standard in 1929 and the first four years of a depression. Nixon was forced to give it up because other countries would exchange their dollars for USD and buy gold. Result was gold was cheap to them. Therefore, the country was being depleted of gold. We have to be careful on what we do. But definitely END THE FED. Remember it is not the stock market that causes a depression. Rather it is the contraction of the money supplyortheammountof *principal.
Gold to go high but Silver to go even higher says Rene Marion, Gammon Gold president/CEO a Toronto based company says that he sees gold going to $1500 in the fall , because of the high inflation coming the tragedy in Japan which will add to inflationary pressure throughout the world for a lot of commodities and the devaluation of the US Dollar , Marion sees the Gold price going to $1500 dollars in the fall after we got through the summer lows and then an increase into 1800 , but silver will not only follow but surpass gold mainly because of industrial use that is expanding linked into the tragedy in Japan
Colonel Muammar Gaddafi and his regime is using the large Gold stock the Central Bank of Libya. to finance his war against the international community in accordance with Security Council resolution 1973, , after all their assets were frozen .The latest IMF data show that the central Libyan reserves of Gold are 143.8 tons . The value of this quantity of gold more than 6.5 billion dollars, and thus Libya is among the top 25 Gold Reserves worldwide ,although many observers believe that the real amount of gold in Libya is more than this amount declared by several tons.Gaddafi is now using the Gold to pay the salaries of an army of mercenaries being not able to export the Oil which is the most important sources of income in the Libyan state . The Financial Times quoted people familiar with the activity of Libya in the gold market as saying that while the majority of central banks keep their reserves of gold in London or New York or Switzerland, the Libyan gold is already in Libya.Remains the difficulty for Gaddafi to sell the Gold and get cash for it
Silver outperforming Goldon growing industrial demand and ongoing dollar weakness . Both Gold and Silver have been benefiting from the weakness of the dollar and the unrest in the middle east which reflected positively on the commodities market at a large
A mile or two underwater deep in the oceans and seas there is GoldSilver Copper zinc and lead , Because of new technology high prices and high demand , deep ocean gold mining is becoming economically feasible for the first time . High demand for precious metals has fueled interest in deep ocean mining, as land-based resources get stretched and need increases to follow up with the high demand coming from nations such as China and India, which have growing economies but relatively few natural resources . David Heydon, Founder & Chairman of DeepGreen Resources, discusses The New Gold Mining Frontier in international waters
Jon Nadler, senior analyst at Kitco.com, says that the gold prices should be at $1500 by now due the weakness of the US dollar and other factors , but he does not expect the silver prices to go any higher from here , he projects the silver at $31 , $32 an ounce ....
Gold is best suited for a long term investments. The demand for gold as a currency and for jewelery has always been robust. Gold is very liquid and it exchangeable worldwide , The process of buying and selling with gold is quite quick. It offers near zero risk of value depreciation.Gold unlike stocks can never go to value Zero , One can even invest in gold online, nowadays. Investors can now buy, sell and virtually trade in gold commodity just like any other stock or equities. This has been a driving factor for many to invest in gold because investing online reduces the risk of actually owning the metal.But in this blog we always recommend the actual physical gold in your hand that you can touch feel and store , do not let anybody hold it or store it for you , better do it yourself .Gold prices are generally not affected by the fluctuation in the currency. The gold price does not rely on potency of the currency. Also, the price of gold is not influenced by any kind of political instabilities or crisis.However, gold doesn't provide any immediate appreciable income. The value of the income has to be seen over the long term.People buy gold in order to preserve the value of their money not for a quick gain cause gold is real money it has been so for more than 5000 years , hold it hoard it and wait ...the longer the better
Andrew Maguire Re-Emerges: Ex-Goldman Trader Exposes JPMorgan, HSBC In Latest Silver Price Manipulation Class Action Lawsuit , I believe mining stocks will really outperform the metals!!!too many scams on eBay - or even local dealers ,stick to Apmex, Monex, Gainesvillescoins Honest people - few worries - good prices , some experts like Adrian Douglas are calling for silver to become extinct in two or three years.Tim Butler is more cautious nd speaks about 4-5 yrs.Well... the geologists said Ag is the first element which will disappear on the periodical table... so... let's buy, and hope!.bottom line is we "can finally see the bottom of the well. But so many rumors. Heard Bill Clinton and Chinese have billion ounces hidden ready to trash market when time comes. Next will be aliens dropping silver eagles from flying saucers. It will never "disappear". May become so rare only used in applications that can justify, say, a price of $10,000 an ounce. Who knows what the future holds. I still believe gvt will steal it all.
David Morgan and John Doody on The Asian Demand for Gold and Silver - Financial Sense Newshour Mar/18/2011 China has been stockpiling gold since 2003 China has been buying via government channels from South Africa, Russia and South America . China is the world's largest gold producer and does not permit exports of gold ingots, only jewelery, leaving plentiful supplies for the domestic market.China produced 282 tonnes of gold last year,Investment demand in China rose to 68.9 tonnes from 25.6 tonnes in 2007. But that was still less than one third of retail demand in India, where total bullion consumption topped 660 tonnes last year.
Asian demand for silver is still strong and further physical silver shortage could develop.China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities. As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.
Jim Rogers says gold will be a great investment over the next decade as it is expected to test USD 2000 per ounce .Gold is more than just another commodity, it’s a currency. It is THE currency that has been the foundation of every worthwhile economy on the planet for over 5,000 years.Depression is coming and paper will be worthless.Physical gold is alot higher than COMEX.Perth(Australia) has now stopped taking orders until January.GOLD IS A CURRENCY!!!!
'Paper' gold is just as safe as a stock, 'electronic' gold is even less safe. Neither will be available to trade when the dollar collapses.
JAMES TURK: ..." I think it is - gold is the bedrock asset in your portfolio. You don't want to take risks with it so you have to be very careful how you store it and where you store it and thing that I always recommend is if you store it in a vault somewhere you always have to get third party independent verification that your gold and silver, if you own silver as well, are actually there in your name, recorded, not encumbered in any way and not loaned out by some bank. So I don't recommend storing in bank vaults, I recommend storing in private vaults like we do in Gold Money - we use a large Swiss company, VIA MAT International to store our customers' gold. So what you really want to do is be careful with your metal. You don't want to take risks with it and storage is an extremely important part of that component." he said in an interview with www.mineweb.com
James Turk Gold to shoot to $8000/oz Hyperinflation a sure thing : do not think gold is expensive , just keep on saving in Gold ....
The gold stocks are certainly a wise way to bet on a rising gold price, but the differences with an investment in physical gold are enormous. The stock price evolves according to several factors: cost structure, available gold reserves, production cost, geopolitical risks ... A shareholder of a gold mine which was nationalized, for example, will be in deep trouble. Actions are never a refuge, not even when linked to gold. The physical gold and gold stocks are two very different asset classes. The physical gold is more insurance against inflation, the current monetary systems of the central banks and the shocks of the financial system. The gold stocks can be a speculative mean on a subsequent rise in the price of gold. Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains the difference between the Junior and the Senior mining stocks and why he prefers the juniors
John Embry Sprott Asset Management Gold Over $2,000, Silver Above $50 in 2011
I heard that the USA will be out of money in around March 4, 2011. Bernanke the money printer as Marc Faber calls him . I thought he was just printing and imputing the crap into the Federal Reserves Beast Computer devaluing the currency. Maybe they will say phoque it and run it off the cliff.Goodbye Pension Plans. Silver at $50 or even at $500 is not beyond the realms of possibilities, there have been plenty of smart and savy commentators whom have suggested that certainly $400 is going to be a given! I've read others who paint a convincing forecast towards $15,000 Gold and $1,500 silver! Hold on to your positions, the mainstream public have yet to realise what is happening, when it does, that's the time to get ready to sell. When the DOW and FTSE are at parity with Gold ratio! Gold isnt in a bubble. The Fed is a bubble and its about to burst. End the Fed. However I hope the manipulation continues for a little longer because that will allow people to acquire more silver. Silver will outperform gold by a country mile. 2% of the population only invest in metals at present. We need to educate the general population because we will all have to help each other soon in the new normal world."I find it beyond remarkable that U.S. Treasury Secretary Timothy Geithner can say with a straight face that the U.S. would not devalue the dollar for export advantage. He did exactly that in a speech to Silicon Valley business leaders just before an important meeting of the finance ministers of the G20 countries in Seoul, South Korea, in late October. I would suggest that this represents another classic example of making sure you pay attention to what people do rather than what they say. Geithner's obvious mendacity probably also contributed mightily to the essential failure of the Seoul conclave to arrive at any substantive answers on the subject of the intensifying currency wars." John Embry wrote few months ago in an oped article in the Investor's Digest of Canada
Gold rising above 1,400 .Gold on the rise in Asian markets. In Singapore, the yellow metal rose to $ 1,400.38 an ounce the yellow metal back above $ 1,400 an ounce (1400.38), gaining 0.3%.The Federal Reserve U.S. central bank held its latest Federal Open Market Committee (FOMC) meeting on monetary policy on Tuesday. The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. The FED decided to continue with its $600 billion QE quantitative easing program and kept interest rates unchanged at record low levels.
There are a lot of fake Mexican silver coins, all denominations and old dates as well, first thing is see if a magnet will stick to it, most I have seen that have the weight and feel are magnetic, A lot of Mexican silver coinage is either .903, .8 ,or .72 fine silver, there were very few denominations made from 10%, the 1957 - 1967 peso comes to mind.Most mexican silver dollars are only 10% silver.There are some very nice Mexican coins worth collecting and there are some that are basically worth scrapping...
Asians immense passion for gold continues to grow , China's Gold Imports Soaring almost a fivefold : Under the impetus of a persistent inflation in China and concern for maintaining its currency, the demand for gold in the Asian continent continues to be increasing and reached a record high in first quarter 2011.In this context, the 'new rich' and households with higher incomes in both China and India are turning increasingly to the precious metal as a way to diversify their investments.Just in the month of January, the Commercial Bank of China, a major financial institution in the country, has sold a total of 7 tons of gold bullion, which equates to around half of all sales transactions recorded by the bank over the year 2010. One reason for this growing demand for gold in China is still higher prices, which rose 4.9% in January compared to the same month last year. While analysts expected a higher figure, close to 5.3%, concern about inflationary pressures on the huge Asian continent could lead the Central Bank to review interest rates on the rise.Bank of China has been actively promoting gold and silver products for years. Silver & Gold Pandas can be purchased once again by special order but to my knowledge can no longer be purchased on-site at the bank. Prices for Silver Pandas have increased from about 160RMB a year ago to now about 240 - 270 RMB per coin. The price varies by dealer. One thing is for certain, demand is sure there. Prices will only increase. We are just getting started in the greatest bull run for precious metals in history! and Asia is the biggest player in this bull market
Investors who see gold and silver as the main protection against inflation, can use several ways of investing money into precious metals, each of which has its own advantages and disadvantages:
• Direct purchase of gold and silver in the form of ingots, coins, etc.; • purchase of shares of gold mining companies; • Investing in mutual funds specializing in investments in shares of companies that produce silver or gold.
During periods of hyperinflation, direct investment in bullion and coins are likely to be more profitable than acquiring shares in mining companies. In extreme circumstances, which include hyperinflation, shares of mining companies may be taxed by special state taxes such as additional income taxes that were applied to oil companies in the 70's. And, of course, the government may again prohibit the acquisition of the ownership of gold and silver, which would put investors in a quandary. How often and correctly note, rare coins, attracting the attention of investors during periods of market recovery of gold and silver provide a good yield, comparable with the yield muyu long-term investment. However, rare coins should not be considered in the same context as the full-weight coins, such as American Eagles, Canadian Maple Leafs and Krugerrands, prices are tied to the value contained in them the precious metal. Collecting rare coins, in fact, not much different from collecting stamps, ceramics, art objects or beer cans. Accurate assessment, competence and reputation of the seller, the study and comparison of different proposals - key conditions for success in this market.
With inflation hovering between the middle and high income, the best option of investment is likely to represent the shares of mining companies and funds that specialize in securities of these companies. Buying these stocks do not related to the high commission and the cost of maintenance and storage inherent in investing in precious metals. During such periods, the shares can be very high dividends.
Typically, shares of mining companies YUAP sold through ADRs or mutual funds, and for them is characterized by a lower ratio of D / P and higher dividends than in shares of gold mining companies in the U.S. and Canada. However, despite the attractiveness of companies YUAP, many investors never buy them because of personal dislike of apartheid, or high political risk.
Investors should not forget about the possibility of civil unrest, strikes and other problems in South Africa. As already mentioned, in this country account for a large portion of the total world production of gold. Gold mining industry, which employs 450 thousand workers (mostly blacks), has a large share of the economy and exports of the country. Any sudden interruption in the supply of gold from South Africa could lead to a sharp increase its world market prices and lower stock prices of South African gold mining companies, at least for a while.
Investors seeking to diversify their equity portfolio of South African gold mining companies, can use the services of private investment company ASA Ltd., Whose shares are traded on the NYSE. Statement by the African National Congress of the termination of their guerrilla war in South Africa, made in August of 1990, considerably strengthened the confidence of investors in this country. ASA pays annual cash dividend over the past 30 years.
Huge Goldand Silver sell off following Japan Quake some rumors say that Japan is selling gold to raise Cash , investors panic to sell gold for cash. Gold index is on the spot price down almost 35 dollars , some are saying with production down because plants are being closing down we may see profit taken and liquidation in both Gold and Silver ....Spot gold prices traded in nervous fashion this morning, following a weak opening near the $1,411 level on the bid-side. the psychological level of $1,400 could not been maintained and the spot price is at present around $1393 /oz , Silver have seen more than 2% drop
The troubles in North Africa and the Middle East that drove up oil prices, prompting investors to seek refuge again in gold. However, gold stocks did not follow the pace. Wrongly or rightly? After undergoing a correction earlier this year the gold price has again topped $ 1,400. Any investor arises the same question: "How to benefit?". The most common alternatives are buying physical gold (bullion or coins) and trackers (index funds) on gold. In contrast, gold mines shares are less known. And yet: the rising price of gold should be a good deal for the mining companies too.
The Problem of The Volatility :
The volatility is characteristic of gold stocks. This volatility is a major cause: the price of gold. Suppose the price of gold rises from 1300 to 1430 dollars (+10%). For a mining company whose cost of production amounts to 1,000 dollars, the same increase should generate earnings growth of 43%. In theory, because profit margins are not only the price of gold. That said, this leverage also echoed in the share prices of "gold diggers". Since 2001, the date of the beginning of the upward trend of the gold metal price has quintupled. Gold Bugs Index The index is almost three times better over the same period and is 14 times higher today. Investors, however, have endured the effects of the crash in 2008 (-30%).
Risks of Investing in Gols :
The major mining groups are Barrick Gold, Newmont and Goldcorp Goldminings, "senior", or values established in the sector, which produce gold in abundant quantities. And then there are the "junior", the smaller mines or the real gold diggers: companies looking for operating sites, which are developing promising projects but only a handful actually succeed in extracting gold from the earth.
The potential gains are enormous in this third category of activity, measurement of risk. Find a junior position to keep its promises, however, the challenge is to evaluate the potential of these businesses, we need to seek a network of experts of all kinds, including geologists. The area is complex and evolves with divergent factors. For the individual investor, analysis essential information is difficult toget and is burdensome.
Diversification good or bad :
For investors seeking broad diversification, ETFs on an index of mining companies can provide an initial response. The Market Vectors Gold Miners ETF (GDX) consists for example of the largest gold mines in the world. There are also a junior version (GDXJ). Helped by rising gold (+28%), these two ETFs have gained last year's 33 and 55% respectively
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.