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
Danielle Park explains what derivatives are , today estimated amounts of derivatives are 1.2 quadrillion dollars of derivatives out there thanks to the creativity of Wall Street and big Banks , that's quadrillion not a trillion , back in the late nineties the estimated amounts of derivatives was around 200 billion dollars so you can see the big jump we did since then...a quadrillion is if you want to count one dollar per second starting from now it will take you 32 million years to do it , with all that amount of money soon going to start chasing the real few assets on the market like Gold and silver and other commodities one can only expect the Commodity Inflation to Come Off The Boil and probably the crash of the dollar all together ...you will be happy if you hoarded gold and silver , governments and central banks cannot print gold and silver into oblivion as they can do with fiat money....People investing in commodities are moving into real things and away from fiat currency. If she or the UN is upset about commodity prices, stop the money printing!
James Turk: "We could see gold in backwardation too as people become more and more worried about the inflationary consequences of the money printing that's going on around the world. Silver always leads - in bull markets it leads on the upside and in bear markets it leads on the downside. Maybe as precious metals move into backwardation, silver is again giving us an important message that it is leading and gold will eventually follow." - in mineweb.com
Gaddafi was planning to introduce the Gold Dinar just before the war ,Gaddafi also wanted Gold in return for his Oil , some say this was the real cause behind the NATO war against Libya .. the banksters feel to be threatened by the return to a honest currency, gold and silver backed, they actually want a world currency completely online! But I don't think India, Russia, China, and other countries want it.Even Europe begins to understand the necessity of a gold standard... even with the inconveniences...people who don't hold gold are finished anyways but it seems that gold is the only way to stop the transfer of wealth from the poor to the rich...the only way to protect the value from inflation , the only reason the US haven't collapsed yet is because the dollar is still the global reserve currency, (no matter how much money they print it doesn't devalue the dollar because the whole world excepts it as currency) if the dollar falls so will life as America knows it, the government is doing their job, trying to keep the country from complete financial collapse.
this fake economy/monopoly needs to end and the gold standard reinstated...it is the only way to stop the theft through inflationary quantitative easing....the sooner these American people open their eyes the better it will be for all.....if the people dont take back their government very soon we will be in world war three...a nuclear holocaust...not a very nice ending for the human race
The Time for Numismatic Coins will come says Bob Chapman of the International forecaster , Numismatic Coins are collectors coins , Bob Chapman owns personally the Numismatic Coins and he thinks that as long there is a low premium on the Numismatic Coins they are a good investment , last time around between 1977 and 1981 the prices went from $500 to $5000 per coin so the potential for Numismatic Coins is large because you get less than one percent of the people in the world and in the United States in Gold and Silver including Numismatic Coins now when that will become 15 percent they are not going to buy bullion coins and gold and silver shares and that includes shares too says Bob Chapman , but they are gonna buy other products and that would be Numismatic Coins as well , so their time will come ..there 's good values there ...
James TurkDirector of the GoldMoney Foundation interviews Edwin Vieira about his book "Pieces of Eight , Gold , the constitutional solution for today's monetary problems , The alternative currency movement in the states , The Gold as an Insurance against a currency collapse , How Gold money can be implemented at the state level , Gold as a lifeboat before the dollar sinks ,
People like Peter Schiff suggest having 2/3rds of our precious metal investment in gold, and the other third in silver. The Permanent Portfolio by Harry Browne originally suggested 100% in gold, but his successor who runs the fund, invests it 1/5th silver and 4/5ths gold. So those are two barometers I follow in trying to balance gold and silver investing. I would also say, for the common man, better to have silver if he can't afford an ounce of gold, than nothing.Silver has been the common man's money for 5,000 years. The Biblical word for money is "silver".
When gold stands above $10,000 an ounce, Warren Buffet could afford gold but it will be outside the reach of the common man. Without silver citizens would be forced to hold fiat currency.
This is perhaps the primary reason the central banks sough to end the bi-metal standard in 1873. Good for the rich and the central banks,but economic slavery for every else.
Jeff Nichols, Senior economic advisor to Rosland Capital and managing director at American Precious Metals Advisors Inc., He is the author of the book "The Complete book of Gold Investing " Jeff Nichols : "I am I am actually quite bullish I have been for long time and I remain so , all the facts we have spoken about from FED policy to central banks policy overseas to the debt situation in this country and in Europe rising demand in India and China Central Banks around the world net buyers of gold all this continue and they are likely to continue for the foreseeable future " "really the Gold market is a very small market compared to capital markets it is almost insignificant it gets a lot of attention because it hits us emotionally and certainly in certain way that other assets don't " " there is an emotional connection to gold and I can't explain why but it has been through over the millenia ,and gold distinguishes itself over the millennia. Really as the only asset that has attained its value over hundreds and hundreds of years. And I think investors look to gold for that reason; as a store of value, as a monetary asset and something that is a hedge and diversifier and insurance policy against all sorts of risks." " Well for better or worse I believe we are still in a long term bull market years ahead to run up , I think late this year we can easily see $1700/oz next year perhaps $2000/oz beyond that $3000/oz and may be even higher " " It's simply that more and more people around the world are chasing a limited supply of gold , in China for example 5 or 7 years ago it was illegal to invest in a bar of gold or gold coin , now the government is promoting it as a legitimate form of saving , China is under invested , India is under invested we are talking about billions of people as some of those people moving to the middle class and become consumers some of that money is going to go to gold jewellery some of it is going to go into gold investment and those are permanent or at least very long term purchases these aren't people who are going to sell when it rallies a little bit " "I think you buy for the long term , ...gold and silver , silver particularly tend to be volatile assets in the short run and they have over the past few decades , in the 1970s which was a great bull market for gold we saw silver at various points in time pull back 40 , 50 even 60 percent as it was continuing to rise along the upward trend ..." " you have to be educated and you have to understand why you are investing you have to know what the fundamentals are for gold and silver and be aware that one day things will change and it may be time to start hitting positions , but I think it is important for many investors to retain as an insurance policy some small core holding may be 5 or 10 percent of investable assets in physical metal and as an insurance policy against risks that we can't even imagine " " I think (silver ) near 50 dollars it was expensive at 35 or 37 where we are today I think it is an opportunity to buy and I think gold also is an opportunity to buy , when we look back a few years from now these will seem like a very reasonable and attractive price levels to have come into the market "...." My preference is for gold because it is principally a monetary asset , silver has an industrial side it has additional risks , I think there is a place in a portfolio at times for the right mining shares , but mining shares are not physical metal and they carry a whole host of additional risks "
My Investment plan: Puts on ANF until QE3 is announced..then pile into aggressive SLV calls. As the environment gets more dangerous (SHTF), move from SLV to physical proportional to the danger and get move aggressive with SLV options. Switch from physical silver to physical gold starting at 8 to 1 silver/gold and finish 5 to 1. Then take the ride in gold. I figure in 5 years I'll have 10,000 times my original purchasing power.
James Turk explains the waterfall decline of the US dollar , Gold and Silver are the safe heaven against the waterfall decline of the US Dollar not the Euro , This video was recorded on 29 April 2011 in Munich, Germany : The waterfall decline will start with the US Dollar and you will see the dollar continuing to decline against the Euro but this is an emotional major reaction , people will exit the dollar and they will say to themselves where can I go , well I go to the Euro because it is a big broad deep market and it is easy to buy so initially you gonna see the Euro benefiting and that's what has been happening , you know the Euro broke above 1.42 against the Dollar and we are now I think 1.48 and a half , but the European central bank is going to probably step in and keep the Euro under 1.55 and people will then understand that the emotional major reaction of selling the dollar and buying the Euro was not the right way to solve the problem not the right way to find a safe heaven for their money and they will start selling the Euro and buying gold ,
Peter Schiff : ...Silver has pulled back from a high of almost 50 dollars an ounce to about 32 , 33 right now we are about 34 , yeah I think there is a lot of support at 30 I am not sure that we are going to get as low as 30 , I think if we did got at 30 it will be an even better buying opportunity but we might not even go that low , I think we had a nice pull back from almost 50 to where we are today so if you had been thinking about adding to your silver position my opinion will be it's a good time to do it , is there a risk , yes , can I be wrong , sure , could silver go a lot low in the short run , hey anything is possible , I do not think it is probable but it is possible , but so do not do it on leverage do not buy options but physical silver that you are buying to hold in case the dollar collapses yeah , I think this recent pull back is a buying opportunity " Peter Schiff was answering a question from a listener to his radio program the Schiff Radio...
Bill Murphy calls for silver at $400 : ...well if you are looking to what James has said if you are looking for 400 dollars ( silver ) the answer is yes , and as I mentioned earlier and I talked about a lot this year I think we are into an unprecedented situation there is no telling of what gonna happen over night , even today , having done this all day everyday for twelve and half years now it is just stunning but what I have heard the price did because they know that this is following Ben Bernanke's press conference and what the FED had to say , this is a massive obvious repudiation of that , this is the last thing that these people want so , and the more the gold price goes up the more the average person says I want to buy but I cannot afford gold so I want silver and the short position is getting strangled and it is getting worse ....James Turk : ...as long as Gold Silver ratio is higher than twenty Silver is cheap , and as long as silver is in backwardation , Silver is cheap , or something else can happen which is something that we all have to consider the paper market is going to lose its importance as price discovery mechanism it goes back to my comment at Mises about government and politicians destroying the market but they do not understand how they work , the paper market is being destroyed that's what backwardation is telling us , it's no more reliable you have to look what's happening in the physical market , and the physical market is unbelievably tight , because there is just a little amount of physical silver and a huge amount of paper out there.......
Bill Murphy (http://gata.org/) : I do not want to live in a world where there is no free market , where the Chinese have more free market economy than we do in reality no free press ...that's what it is leading to this mess ....all I know is when this happens I rather have a lot of gold and silver in my pockets so that myself and family and friends can cope with what's going on while everyone else is panicking .....
James Turk: we trade goldmining stocks in term of dollars or Euros but they are producing gold they are producing wealth and what will happen is the same thing that happened with stocks that produce commodities in countries that have hyperinflation , the prices of those shares will rise , because what would you rather do have your Reichs Marks setting in a bank earning a little bit of interest or would you rather own a mining company denominated in Reich's Marks , the same thing is true in Zimbabwe their mining companies prices of shares rose because you better off owning an equity in a company that creates wealth so if we do get this hyper inflationary system as I expect I think the price of the mining shares will soar ...one thing the market does is it always tests our patience and we are seeing that now with the mining shares but you have to put this in the perspective the last bull market in a mining share ended in 1998 with the collapse of Reax ? we went into a ten year bear market when after the Lehman collapse even top quality mining companies the big majors were going for pennies in the dollar that was the end of the bear market we've come up since then we have been trading basically at new highs on the major companies the juniors always follow at a later date ....
James Turk and Bill Murphy of GATA http://gata.org explain how gold mining stocks are very undervalued and can rise spectacularly as the precious metals bull market continues. This video was recorded on 29 April 2011 in Munich, Germany.
An outlook on the gold and silver trade, with Rob Stein, Astor Asset Management and Christian Magoon, Magoon Capital. Christian Magoo : "you have a number of options here. one way to hedge just a general way is to own the physical gold ETF. i like IAU. it's less expensive and owns the physical bars of gold. to be a little more aggressive, should gold have a correction of 10% or month? i actually like junior gold miners, gdxj. it's the ETF that owns a variety of those, and it's been a more volatile way to play gold. at this point it's kind of come on track a little bit from gold as physical gold is positive for the year, but junior gold miners is negative for the year. i think there's an opportunity there"
Fed's attorney Scott Alvarez boldly admits that the Federal Reserve has no Gold whatsoever backing the US Dollar : "The Federal Reserve does not own any gold at all" he literally said , "we have not owned gold since 1934 so we have not engaged in any gold swaps " ... If Ron Paul doesn't get elected, America will go to Hell,literally The corporation, posing as a government, THE UNITED STATES, INC, has committed treason against the People of this nation. They have no true authority over the People of this country.Their power only resides in Washington, D.C. They are more evil than most of mankind can even fathom. Yet, they control our military and our police.This nation is literally screwed if they do not wake our military and law enforcement up to who it is they are here to defend!
If everyone pulled there money out of banks, investments and stocks..they would collapse these crooks. Then i wanna see what they do, they won't have anyone to rip anyone off anymore. I blame the ppl for this because they enable these crooks to do what they do.
James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation
One could argue that with the paper manipulation in the gold and silver markets, holding physical gold and silver will BOTH preserve wealth AND create wealth.
There is no such a thing as broken jewelery , jewelery is worth what metals it is made of , it does not matter if it is broken or not , if it is made of gold it is worth the gold it is made of .Do not let anybody fool you that your broken jewelery is worth less just because it is broken . Before I found out about gold and silver, I had the false belief that selling gold is a good idea. Now it is clear to me that such a move is foolish. Gold and silver are awesome! I will never sell my gold and silver at these prices and certainly not against paper money ...I will eventually trade my gold and silver in the future for real estate or farm land or food or weapon it will all depend on the boom bust cycle and what's the hot commodity at that time ....
These guys they get paid for their work with profits on the "spread", i.e. the difference between their buy and sell prices. With that money the pay their living expenses. Whatever they can save, they use to buy gold and silver for themselves.The honest ones are no different from you and I. There are crooks in every occupation, but coin dealers and precious metals dealers are infinitely more honest than bankers who loan electronic money they don't have, and print money backed by nothing.
See a lot of that silver that used to get thrown out, now gets recycled. Heck there are people who will buy old computers and electrical equipment because the cost of their precious metals now make them worth salvaging.
The main reason for the spike of the price of gold, is it's use in microprocessors and other high expense electronic components. Though silver is a better electrical conductor than gold, it tarnishes too quickly to be used in long lived products
James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation
James Turk of the GoldMoney Foundation speaks about currency devaluation and the rising gold price. How the gold price is rising against all major currencies and monetary policy is political, having abandoned all pretense of seeking monetary stability. He warns of the dangers of a hyperinflationary crisis. James also explains why gold should be considered money and not an investment. The presentation entitled " Gold the dollar and the Euro" was held on the 29th of April 2011 in Munich, Germany. Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Peter Morici : " I did not say we should return to the Gold Standard
" "The Chinese are as much a captive of their currency system as say the Germans and German banks are right now of the euro," says economist Peter Morici, a business professor at the University of Maryland. "They've created a wonderful export contraption of which we are both hostage."
10 interesting facts about gold and gold bullion : Gold has a density of 19.282 it is one of the densest elements it is nearly twice as dense as lead but slightly lighter , it is denser than copper . The USA has the largest gold bullion reserves in the world ( at least as announced by the governments ) . the purity of gold is measured in carats a 24 carats equals 99.99% purity , 2k is 91.67% pure , 18k is 75% pure , 14k is 58.3% 12k is 50% , 10k is 41.67% pure , 9k is 37.5% pure . The South African Kruggerand was the first gold bullion coin to be mined (in 1967) and is today one of the most popular gold coin bullion along with the Canadian maple leaf and the American eagle . Modern gold medals must be 92.5% silver (not gold LOL ) and covered with 6gms of gold . The largest gold nugget ever found is called Welcome Stranger found in Australia in 1859 it weighted over 78kg and produced 71 kg of gold . The largest gold coin ever minted was created by the Royal Canadian Mint in 2007 it weights 100 kg and has 50cm in diameter . Gold is highly malleable , a single ounce can be turned into a 50 mile long thread of pure gold cable . As of 2009 all the gold mined in the world totaled 165.000 tons . This would fit into three Olympic sized swimming pools ( 20.4 meter cubed )
Gold slumps today but still sigh of a 4 week highs .A trader with Arbitrage LLC, discusses goldbreaking below a key technical level, with CNBC's Sharon Epperson & Melissa Francis
Gold and silver prices can expect from a typically slow summer buying period . but we might still have the summer of surprises and and perhaps enough excitement to compared with last summer as well. Because obviously recent European peripherals are still very much on the radar acutely to of course -- extremely. Visible here with the ending again. Or five weeks from now. And of course what the Fed might -- might have to post the cessation of QE 2 those factors will definitely keep markets on the boil.Will Rhind, head of U.S. Operations at ETF Securities, argues that a good jobs number will boost gold and silver prices.
Gold is being driven by the weakness of the dollar and the low interest rates says Eugen Weinberg, senior commodity analyst at Commerzbank, interviewed by CNBC. "We need to look at gold as something different than normal commodities which are really profiting from the scarcity (of) the supply and demand," "We need to look at the gold as a currency, and the currency is being driven by the developments in Europe."
Roger Wiegand sees August futures pointing gold upwards! . Roger Wiegand is the Editor and Publisher of Trader Tracks a Stocks, Futures and Commodities electronic newsletter publication for active traders. In addition, Roger writes a weekly column, "Rog's Corner," For J Taylor's Gold and Technology Stocks Newsletter
1 dinar is 4.25 gram gold, its not 1 ounce of gold that is 31.1 gram gold !
Very interesting. When this has been tried in the USA (having competing currencies in gold and silver parallel with federal reserve notes) the people doing it were arrested. That's probably because what the guy say here is true, silver and gold in the hands of the people represents freedom from government control and manipulation of the money supply.
People get arrested because of the legal tender laws, which make possible the machinations of a central bank and their printing of paper money. Without that force of law, people would choose a different medium of exchange over that which can be printed into oblivion.
Gold to Hit $1750 in the Short Term says Juerg Kiener and multiple thousands in the medium term 1215 and 1216 , by that time silver would be worth around $500 an ounce he added : Lack of trust in governments in the western world is moving more and more people into physical ownership of gold Juerg Kiener, managing director and chief investment office at Swiss Asia Capital told CNBC. He added gold would hit $1750 an ounce in the short term with silver hitting $60 an ounce and that gold could hit multiple thousands of dollars by 2016 with silver above $100.
James Turk : ...well let's step back and look at the long term point of view I am sticking to my long term forecast that sometime between 2013 and 2015 Gold will be about $8000 and ounce and Silver will be about $400 an ounce , the ratio between the two metals will be 20 ounces of silver to buy one ounce of gold , I made this forecast back in October 2003 , obviously when the price of gold and silver was much much lower , the point I am making is that we are in a financial bust and during a financial bust like the one we have been in for several years and still few more years to go people move out of financial assets and move into tangible assets because they are looking for a safe heaven , they want to avoid counter party risk and the safest of all heavens are the precious metals because they are tangible assets with no counter party risk , so for the longer point of view we are still heading into a much much higher , you mentioned the way I approach the market which is to continue accumulating , do not view gold as an investment it really is not an investment because it does not generate cash flow it's really money and when you accumulate gold you are actually saving money and saving money is a good thing , at some point in time in the future we are gonna take these savings and either invest them or we gonna spend them or just continue to hold them , at some point in time in the future gold will be at the maximum and you want to take advantage of everything that you are saving now through the these difficult economic and financial times , in regard to the short term , I am looking for a a pop up in gold price this summer and it relates back to what happen in the summer of 1982 when the Mexican government defaulted on its debt and it sent gold up 50 percent in three months and a double in six months , the circumstance today is very similar , the government ready to default though is not Mexico , it's Greece Portugal Ireland may be even Italy who knows , any number of countries that will be defaulting on their debt and when that happens I think that could really light a fire out of the Gold price so ...be prepared for an upside jump in the gold price this summer ....
Islamic reknown scholar Sheikh Imran Hosein : The Paper Money is the Biggest rip-off in human history ,Sheikh Imran Hosein he explains how Richard Nixon repudiated a treaty obligation (Bretton Woods ) by introducing paper money instead of gold backed money in September 1971 , since then no paper money is redeemable in Gold , but the rip-offs is not over yet , the elite are planning to crash the dollar and all paper money with it in around 2012 , and introduce instead the Digital Money , in this way they will have further control over people's wealth and transactions , his is an excellent analysis by Sheikh Imran Hosein in accordance of what other people are prognostication like Pastor Lindsey Williams who says that according to his sources the US Dollar and the Euro will be dead by 2012 , this is the elite's plan ....
Bill Murphy Chairman of the Gold Anti-Trust Action Committee, and James Turk, speaking about the GATA history mission and activities , GATA is having its fourth conference the ' Gold Rush 2011 ' conference in London from August 4-6. Jim Sinclair will be a speaker at this conference , it looks like any time that GATA has a meeting the gold price goes up noted James Turk , so let's hope it will be the case this time again ...
Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), : ..free market price of gold if it kept pace with inflation would be $2500 right now and it is only $1500 and change , well that seems like a lot compared to years ago when it is done but that's an example of what the price suppression scheme has done , all these gold cartel can do now , because they do not have the gold that people think they have is manage a retreat keep an excitement to a minimum try to keep gold out of the headline as a barometer of bad tidings for the financial world , but these gold cartels been losing they are gonna lose they are in deep trouble is no telling what silver can do in the upside the public is just waking up in the United States to Gold and Silver the ownership of each is tiny , it is a very exciting time for , to be involved in precious metals and also for GATA .....
Bill Murphy, Chairman of GATA the Gold Anti-Trust Action Committee, interviewed by James Turk, Director of the GoldMoney Foundation .Bill Murphy : ...the price of gold is gone too high a lot of people cannot afford an ounce of gold but they can afford Silver at these prices and because the west is so momentum oriented all of a sudden it is becoming fashionable that to own gold and silver , somebody the other day said they went to sell their silver and there was lines at the coin shops and they taught there was people going to sell their silver , they were (instead) buying !!! I think it is very encouraging from my stand point because it is making the life for the gold cartel and the people in the short side it is ruining them it is killing them , I mean they are deep under water , you well know they raid the market they tried tricks by raising the margins they attack at certain time , it is not working , in the old days years ago they will make moves like these there will be many many months before the price can recover because there was so much technical damage in terms of the technical market , now because of the physical market which you are talking about and that what I say that's where the importance is , you got these dips Floomps people are flocking in on every dip , so their games do not work like they used to and that's why we gonna to have something that's never been seen before in a market in America ...."
" I think that's too (the collapse of the dollar) , Silver is going bananas it's just bid bid bid , and the shorts at some point they have to cover something may be not the one being bailed out by the government but if you short silver .., just the other day I put in my commentary about Carlos Slim putting on hedges all type of Gold this is the richest guy in the world , he is not going to be the richest guy in the world if this keeps going on ......
"....China is now top gold bug , china investment demand for gold more than doubled to 90.9 metric tons in this first quarter of 2011 compared to 2010, they now out paced India which is historically the largest Gold investor in the world , and it is not just China cause global gold investment demand increased by 52% to 366.4 tons in the first quarter , helping off-set a 56 tons outflow from exchange traded funds which are popular investment tools in the west " says Stacy Herbert cash in your ETF and hold physical gold , there is an outflow from paper and inflow into solid gold and yet the mainstream media keeps on repating that the gold bubble has popped because people like George Soros are selling their paper Gold ...Gold stand Rock Hard baby says the one and only Max Keiser
A great interview on CSPAN about the return to a gold standard. The interview also touches on Ron Paul and SDR's.Ralph Benko talked about the gold standard and the push by some conservatives to return to it. South Carolina is the latest state to propose a bill that would make gold and silver coins a form of legal tender in the state. Utah was the first state and more than a dozen other states are considering similar moves. He also responded to telephone calls and electronic communications.
Gold futures hit their highest settle in three weeks, with the Fast Money traders.Someone bought 50 000 Gold Call options between $16000 and $18000 out of the money expires September , total $50 Million in Call premium paid it is likely to be a central bank or a sovereign fund are they betting on QE3 ? or is it just a speculative move ?
All hell will brake lose when the general public finds out about this...spread the word, buy gold in 1 oz or smaller which is impossible to forge, and impractical, it would cost more than the gold value, to make the smaller bars or coins.From the China Tungsten website: ".... tungsten is environmental-friendly, durable and hardness, the most important is that its density of 19.25g/cm3 is just about the same density as gold (19.3g/cm3), which bears the similar specific gravity.These advantages make tungsten .... the best substitute for the costly metal of gold or platinum..... a coin with a tungsten center and gold all around it could not be detected as counterfeit by density measurement alone."
I was priviliged enough to personally witness a 400oz bar cut up, revealing it was tungsten inside. Only a thin coating of genuine 9.999 over the outside, probably less than a quarter of an ounce! And this was a bar that was within the central bank system and leased out to Heaven only knows who! This was well over 20 years ago so it's nothing new. God only knows by how much central banks' claimed gold holdings are removed from reality. In the scale of bank scandals, this is THE BIG ONE.
James Turk, Director of the GoldMoney Foundation interviews Victor Sperandeo President and CEO of Alpha Financial technologies and a Wall Street trader and financial commentator about what's going on with the Silver Market lately . Victor Sperandeo : the volatility of Silver using the standard deviation of the last ten years it's 32 percent it's more than double the S&P it's far more than the NASDAQ , it is the most volatile object on the face of the earth , the trading algorithms that make money on silver are the long term because they are fundamentally driven , Gold and Silver are long term fundamentally driven objects
David Morgan says that the 16 to 1 and the 15 to one silver to gold ratio that many analyst talk about is in fact the monetary ratio that was when both silver and gold were both money it was dictated when both silver and gold were accepted as money , you can trade 1 ounce of gold for 16 ounces of silver for example , but the natural ratio in the crust of the earth from as far as we know in all recorded history there are 42 billion ounces that were brought out of the earth in all of recorded history and regarding gold it is around 7 billion ounces regarding whose study you take so the real ratio is actually 6 that's the natural ratio says David Morgan
Only Gold And Silver Can Be Real Money . The dollar and with it all paper money are quickly losing value and the whole debt crisis is emerging, Farming and Agriculture is a great way to be self sufficient and also Gold and Silver are Gods money and not the dollar or any other paper currency. Now is a good time to prepare and have a shift in values.My suggestion is to hoard physical gold and silver for the next two to 5 years and when the prices of gold and silver become astronomical in the range of $10000 an ounce for gold and $15000 an ounce for silver , to convert part of your gold and silver into real estate and especially into farmland , keep 50% of your gold and silver cause the prices are probably go even higher in the range of 50K to 80K an ounce for gold ...during the Weimer republic hyperinflation , people were able to buy whole blocks of real estate in the heart of Berlin for few ounces of Gold, history repeats itself as we know especially for those like Ben Bernanke who never learn their lesson
This is an excerpt from Mike Maloney's presentation " Silver how to Profit from the Greatest Wealth Transfer in History" at the 2011 Casey Research Spring Summit : anyway this turns out The Dollar is going to go into a crisis of confidence there is just no escaping that you cannot do what they have done to the monetary system over these years , you can't cheat gold the way they have done and not have it coming back to haunt you someday ,...Deflation is Ben Bernanke's worst nightmare and it is happening right now
Gold is back over the $1500 mark , most analyst are optimistic and see the gold bull run going on for the next 3 years or so , many predict to see gold at $2000 /oz before the end of this year , Silver is up too today and it is over $35/oz
Goldseek Radio Special Guest Interview: Bill Murphy on gold price manipulation and his economic and precious metals outlook (lemetropolecafe.com) (Chairman of GATA – The Gold Anti-Trust Action Committee) Bill Murphy is a well-known financial commentator and is the Chairman of the Gold Anti-Trust Action Committee (GATA.org). Gold and Silver are so undervalued says Bill Murphy this is the greatest investment opportunity in History ....
Bill Murphy : "The Gold Anti-Trust Action Committee (GATA) was formed in January 1999 to expose and oppose the manipulation and suppression of the price of gold. What we have learned over the past 11 years is of great importance in regard to this hearing on position limits in the precious metals futures markets. Our efforts to expose manipulation in the gold market parallel those of Harry Markopolos to expose the Madoff Ponzi scheme to the Securities and Exchange Commission.
"Initially we thought that the manipulation of the gold market was undertaken as a coordinated profit scheme by certain bullion banks, like JPMorgan, Chase Bank, and Goldman Sachs, and that it violated federal and state anti-trust laws. But we soon discerned that the bullion banks were working closely with the U.S. Treasury Department and Federal Reserve in a gold cartel, part of a broad scheme of manipulation of the currency, precious metals, and bond markets."
"Since the start of this bull run in 2002 it's been an orderly rise in price, I don't think we can argue that it's not reacted properly to the world situation," says Marcus Grubb, managing director investment at the World Gold Council told CNBC. , the dollar is now a derivative with no under layer , thefear of sovereign debt default and inflation will keep driving gold prices higher
An excellent documentary by Mike Maloney featuring James Turk Ron Paul Robert Kiyosaki ...the safest place to be are gold and silver now they are dirt cheap this opportunity is not going to last forever , you will still going to be able to buy a medium size house for 1000 ounces of silver just history repeating itself....
David Morgan hosts a Silver Conferencewith precious metals experts and analysts : Eric SprottRob KirbyBill MurphyJames AndersonBob QuartermainSGTbull , these mainly bulls will explain how the markets are rigged why the gold and silver is not in any kind of bubble and why you should hoard physical silver and gold for the long run the Bull market is just about to begin you have not seen anything yet ....ENJOY the ride :
First physical gold delivery right beneath the Hong Kong airport the new Hong Kong Mercantile Exchange starts offering today yuan-denominated and dollar - denominated gold futures this is the first time that future contracts with gold are offered with physical delivery unlike of what is happening in the COMEX , this is a new different market that should appeal to the asian investors in particular. The Industrial & Commercial Bank of China-backed bourse plans to introduce dollar silver futures by June after trading of dollar-denominated gold futures begins today, Albert Helmig, president of the exchange, said. China is promoting the use of the yuan in global trade and investment to reduce its reliance on the dollar.
Eric Sprott : I have always looked at silver and gold as a situation where the demand will exceed the supply and when I looked at gold in the last decade we had a great change from the demand side which central banks used to be sellers and became buyers we used to have no ETFs now we have ETFs we used to have mining companies with hedge now they do not hedge and the shifts in ownerships have been dramatic in a market where we really seen no rise in supply in the case of silver what really turned me on about 12 months ago was as we witnessed people buying silver , you realize that there would not be enough silver to buy and as examples the US mint today sells as many dollars of silver as dollars of gold when you realize that silver trades at 40 to one ratio means they are buying 40 times physical ounces of silver as they are buying gold , when we sold our gold ETF we raised 440 million when we sold our silver ETF we raised 550 million , James Turk of Gold money he sells more dollars of silver than gold we have a little company called Sprott money that sells gold and silver coins we sell way more dollars of silver than gold , and so here we are in a situation where the prices are 40 to one but the dollars going into it are almost dead equal so I can't see the price ratio staying in this range ...we have been a net buyers of silver everyday , I'll be a buyer of silver today , I'll be a buyer of silver tomorrow so we have not lost any faith to what happened to silver ...I have no fear of silver here , yes it will be parabolic but it will be more parabolic than we have today , I have always thought that silver would trade at 60 to one ratio in terms of prices to gold to make it simple if we measure the gold at $1600 that would suggest that silver could go to $100 I think it might even over shoot downside may be trade as much as 10 to one and the reason I think that is that I believe that gold today is the de facto reserve currency silver has always been a currency people are treating it as a currency , it is a very very small market there is no way that with roughly 50 billion dollar of silver inventory around that we can make it a currency at these price levels so I see the price going much higher ....
Robert Kiyosakiis not buying Gold and Silver right now but he is still bullish on them : No , but that does not mean I am not bullish on Gold and Silver , the problem with Gold and Silver I say it again I can't borrow money to buy three million dollar worth of gold I have to use my money I won't use debt , other people's money , number two there is no cash flow from that I don't have income from it so and If I have to sell it I have to pay 28 percent in tax , I'd rather put my money on oil project where I got 28 percent tax break right away , that makes more sense to me , at the same time I am still now investing in copper and natural gas because they are all time lows ...when something starts to move like gold and silver I am on to the next venture should I say , and I made my money in gold and silver , I made enough ....when asked if it is safer to buy silver now Robert Kiyosaki says : you should have bought it when it was three bucks that's when I bought so...look I want to say this : I do not like gold and silver simply because of the tax issue in it , if you buy an ETF like SLV or GLD you pay 28 percent tax that's because the government does not like gold and silver because they rather have you play with their dollars their fraudulent US Dollars the counterfeit money , so gold and silver is good and when I say to most people who don't now anything , gold and silver are better than saving money cash , another thing is this , when I look at the world I look at ten year increment here's 2010 going into 2020 those ten year period , in those coming ten years 85 million baby boomers start to retire that's approximately a hundred trillion dollars in social security and medicare the question I have for you : can Obama or the US Congress and the senate can they solve a hundred trillion dollars deficit , I say no they can't so that's why I'll continue to buy gold and silver if I have an extra cash that's what I do ..I love my country I just do not trust my leaders I don't think they are going to solve this problem democrats republicans independent Buddhists christian Hindu Jewish I do not care they can't solve this problem ...China is in a massive problem right now ...so it is not what the politicians are gonna do , it is what you gonna do about it right now , so if you don't know much Gold and Silver are pretty safe bets but not from the tax side from the capital gain side simply because the United States is in a very serious financial trouble and I do not think republicans or democrats are gonna fix the problem...I think we are going down , I think the dollar is going to dive and that's why I am in oil production I am in rental real estate because people have to have a roof over their head and silver has already made its move but it still has more to go I think I do not think 200 dollars silver is out of line but I have already bought it at 4 dollars ,5 dollars 7 dollars I bought as high as 17 dollars then I stopped if you read my blogs I said buy Silver under twenty and sure enough in the last year it has got up a 145 percent went right past twenty...
"last night's 13f reports revealed a hedge fund street fight in the making over gold. George Soros dumping nearly all of his holdings in GLD while john paulson held on to his, even adding positions in some Gold Miners ".
BK :" I'm with John Paulson, gold goes higher at this point in time. I don't have a lot of gold positions. you have to point out , two weeks ago rumors that George Soros was dumping silver and gold. he did it on a sun night. this data says that he sold it back in January and February. rumors were just flat-out wrong. and the reason for people selling gold on that was flat-out wrong. "
According to Jon Nadler, senior analyst at Kitco.com, there is a lesson we can learn from the recent Gold and Silver corrections and massive selloffs : I think that the number one lesson is a repeat of the lesson actually and that is that whenever you see the crowds piling in. You've got to be mindful of the fact that when the sky appear the bluest that's when surprises happen. Time and again people learned along the way the hard way by piling in when its headline material and Forget their true Objectives and of course you know buying it in a bubble that type of bubble has consequences "
John Embry Chief Investment Strategist at Sprott Asset Management discusses the reasons why people should own Gold and Silver : ...I think that it is absolutely essential that gold and silver be in anybody's portfolio particularly anybody that has substantial wealth for the simple reason that paper assets are under attack because of the debasement of money and I mean if you want sort of historical example look at what happened in the 1970s if you had gold and silver in your portfolio I mean you offset the fact that inflationary environmental the real returns on paper assets bonds and stocks were negligible if not considerably negative and if you had enough to have a lot but if you had a say a ten percent representation in your portfolio you skated through what positive returns with positive returns of overall portfolio but if you did not you have a negative return so the situation today is infinitely worse than it was then so I think it's essential that people have it and the interesting fact is that the vast majority of people don't have it which gives you sort of a leg up if you got it , right now basically if you don't have it you better be getting it soon ...you should diversify ...the safest way to own gold is in your position ...you should have ten to twenty percent portfolio in physical gold and silver ...the US Stocks today are grotesquely over priced , the US bond market dos not even deserve a comment ...the currency debasement is a worldwide phenomenon
Jim Rogers : I still own my gold I haven't sold any gold and if it goes down I hope I'm smart enough to buy some more just like with silver , in Thestreet.com
Keith Neumeyer, First Majestic Silver president & CEO, sheds insight on why his company's stock is down. : ...."...well, I think there was some short covering going on in the latter part of march and into early April really propelled silver up to close to $50. really silver is going through a rerating right now. and one of the important things to me is a silver producing mining company is that as we rely more on technology, we become more reliant on silver."
James Anderson Managing Director at Goldsilver.com : whoever has physical silver in his hands will make the rules , silver below $50 an ounce is at sale , the 1980 high is a nominal high cause the dollars in 1980 are worth a lot more than the dollars in 2011 the money supply exploded since then , the true inflation adjusted all time high is $140 but if you use the more accurate statistics from John Williams it is close to $300 an ounce , having ounces is what matters the question is how many ounces you have in your possession , Silver is on Sale right now keep stacking anybody who have been stacking ounces will be setting pretty
Eric Sprott : ..Silver is the best recommendation anyone can make this decade...I have always looked at silver and gold as a situation where the demand will exceed the supply , and when I looked at gold in the last decade we had a great change in from the demand side where central banks used to be sellers and became buyers , we used to have no ETFs now we have ETFs we used to have mining companies with hedge now they don't hedge and the shifts in ownership had been dramatic in a market where we really see no rise in supply , in the case of silver what really turned me on about twelve months ago was as we witness people buying silver you realize there would not be enough silver to buy and as example the US mint today sells as many dollars of silver as dollars of gold , when you realize that silver trades at forty to one ratio means that they are buying at forty times of physical ounces of silver as they are buying gold , when we sold our gold ETF we raised 440 million , when we sold our silver ETF we raised 550 million , James Turk of Gold Money he sells more dollars of silver than gold we have a little company called Sprott money that sells gold and silver coins , we sell way more dollars of silver than Gold and so here we are in a situation where the price is forty to one but the dollars going in to it are almost dead equal , so I can't see the price ratio staying in this range ...
we have been a net buyer of silver everyday , I will be a buyer of silver today I will be a buyer of silver tomorrow so we have not lost any faith in what's happen to silver ...what happened last week in mind is just another of those raids that we experience from time to time ...there was no particular reason for it , then we end up with five margin request increases , somebody is manipulating the price of silver and that's totally my attitude I have no fear of silver here , yes it will be parabolic but it will be more parabolic than we have today I have always thought that silver would trade at 16 to one ratio in terms of price to gold to make it simple if we measure gold at $1600 that would suggest that silver may go to $100 , I think it might even over shoot on the downside may be trade as much as ten to one , and the reason I think that is that I believe that Gold today is the De Facto reserve currency it has out performed everything for eleven years , Silver has always been a currency people are now treating it as a currency much as you are recommending to people , i is a very very small market there is no way that with roughly fifty billion dollars of silver inventory around that we can make it a currency at these price levels so I see the price going much higher ....
I think last week decline was premeditated it happened in the early hours of Sunday/Monday morning when markets were not re-operating England was closed China was closed it was a great opportunity just to mark it down ...so I think it was very much orchestrated , one thing that I think we should all look at is the trading of silver in the paper market which I mean the COMEX and the SLV last week it probably averaged 1.2 billion ounces per day , there is only 700 million ounces mined in a year there is only 33 million ounces of physical silver at the COMEX available for delivery by the commercial shorters . I mean if only something like 3 percent of the people that were trading silver 3 percent in one day demanded physical delivery there will no silver in the COMEX , so I look at those paper markets and I just believe it's paper it's guys pushing buttons who have really no invested interest in silver other than trying to move the price one way or guess which way the price is going ...so...
David Morgan on the Financial Sense Newshour 13 May 2011 : ...to be objective I anticipated this move , not to the level in got at , I became cautious around the $38 dollars level personally for my trading account I sold out around $46 level it was the day that it started to come back a little bit bounced further the next day , it was point when I was anticipating that there is gonna be further parabolic move , ...any time you will see a parabolic move you will have the authorities increasing the margin requirements ....the last place you wanna be is a leveraged position
John Embry Chief Investment Strategist at Sprott Asset Management discusses the reasons why people should own Gold and Silver : ...I think that it is absolutely essential that gold and silver be in anybody's portfolio particularly anybody that has substantial wealth for the simple reason that paper assets are under attack because of the debasement of money and I mean if you want sort of historical example look at what happened in the 1970s if you had gold and silver in your portfolio I mean you offset the fact that inflationary environmental the real returns on paper assets bonds and stocks were negligeable if not considerably negative and if you had enough to have a lot but if you had a say a ten percent representation in your portfolio you skated through what positive returns with positive returns of overall portfolio but if you did not you have a negative return so the situation today is infinitely worse than it was then so I think it's essential that people have it and the interesting fact is that the vast majority of people don't have it which gives you sort of a leg up if you got it , right now basically if you don't have it you better be getting it soon ...you should diversify ...the safest way to own gold is in your position ...you should have ten to twenty percent portfolio in physical gold and silver ...the US Stocks today are grotesquely over priced , the US bond market dos not even deserve a comment ...the currency debasement is a worldwide phenomenon
Jim Rogers : "..well, I own commodities. we're in a major secular bull market which has several more years to go. there'll be setbacks just as we saw last week, but don't worry."
" it's going to cut demand for oil for a week or two. the CME seems to have it in their heads they've got to make oil commodity prices going down, they're worried about Washington or something. but in the end, it doesn't matter. if there's not enough oil, there's not enough oil, no matter what the CME or Washington does. "
" it may slow demand down, yes, but there's also declining supply. the IEA, the international energy agency says the supply reserves are declining at the rate of 6% a year. do the arithmetic, supply is going down even if demand goes down."
" well, I actually own a few u.s. dollars , I know, it's embarrassing, isn't it? it's embarrassing, i know. but i agree that they probably will stop QE2, at least for a while. the dollar's been beaten down by everybody, everybody's bearish, including me, it should have a rally, so we'll see."
As investors continue to buy gold prefering it to paper money the price may go as high as $2000 before the end of this year says Eric Sprott Chairman, Chief Executive Officer & Portfolio Manager of Sprott Inc . Gold will rise by at least 17% this year, Sprott said today in an interview during the New York Hard Assets Investment Conference. The metal averaged $1,228.45 an ounce last year on the Comex in New York and ended 2010 at $1421.40.
“It’s gone up 17% a year for the past 11 years; I’m sure it will do that as a minimum,” Sprott said. “It could easily hit $2,000 this year. That wouldn’t be out of the question.”
Steve Forbes promotes a return to the Gold Standard if this happens, gold will have to be revalued to make up for all the dollars printing into existence, gold will go to 15k an ounce easily!!! Gold is true money, Money= a storage of wealth which is portable, scarce/rare, does not spoil or tarnish, and retains its value if not increase in value over long periods of time which would keep prices down.it also has intrinsic value."China moving in the right direction" China has plastic money backed by silver. Yeah this is totally better than having brass and zinc money backed by gold. End the Fed
Only the FDR Glass-Steagall principle will separate commercial from speculative banking, thus freeing the nation from obligations to Wall St. and the City of London, and re-establishing a credit system for rebuilding the nation.
H.R. 1489, Return to Prudent Banking Act of 2011, is before the House of Representatives, which aims to revive the separation between commercial banking and the securities business, in the manner provided in the Banking Act of 1933, the so called 'Glass-Steagall Act
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