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
Jim Rogers : I do not have a forecast I am just watching , if the dollar turns to confetti then you pick the number there is no number of how high it will go if it continues to be priced in US Dollars ,so it is not a question I even think about , because I am just watching to see how the world evovlves I know it is going to go much higher no matter what happens , if the world turns paper money into confetti which look like it might do then there is no top for gold and silver and real assets
Marc Faber : I was in a resource conference this is one of the resource conferences run by Standard Chartered Bank in Hong Kong all the miners are there and all the big shots in commodities and investors that are interested in commodities are there , ask the audience and you will think that these people have an exposure to Gold only about 5 people in an audience of like 400 had more than 5 percent of their assets in Gold , I find it amazing , I went already to 2 hedge fund conferences these are relatively intelligent people you would think but none of them had any exposure to Gold personally I said to them , you all intelligent people how come you do not have any gold at all don't you see what is happening with the money printing in the world , Gold was $252 in 1999 it is now $1580 (15 July 2011) they think it is expensive at this level what they do not consider is by how much credit has increased over the last ten years by how much the world population have increased over ten years by how much the supply of gold have increased , it is not increasing it is actually contracting , it the next five to ten years the total gold supply in the world will go up by precisely 3.8 percent no more , you know you mine something it is gone it is no longer there and so the supply that is no longer there is like Oil burned it is no longer there , every oil well runs dry over time " .." let's say you buy Gold today , I do not know it may go down say a $100 , here it goes down a $200 but looking at all the factors we discussed I do not believe that we are in a bubble stage , because I have lived through the last bubble in the late 70s I can tell you that the whole world followed the Gold market day and night and traded Gold 24 hours a day like the whole world traded NASDAQ stocks 24 hours a day in 1999 and 2000 that has not happened yet we do not have a heavy weighting we do not have a heavy kind of euphoria about Gold at all , the risk today is not to own Gold but to not to own any Gold , if you have no gold at all I think you are taking a risk , and my advise is simple every month you put some money aside and you buy a little bit of Gold you do not worry about the price fluctuation buy every month a little bit and your grand children will be very happy about that unless the US government takes it away that is a possibility with Mr Bernanke just look at him he particularly not a honest looking character ..."
- in The Financial Sense NewsHour Interview
2000 years ago 1/10 of oz could buy you a goat. Today 1/10 of oz can still buy you a goat...It's not that the Gold is expensive. It's the Dollar that is cheap...The Fed is planning 2 more rounds of " quantitative easing " ( monetizing the debt). So hyperinflation is a real possibility.German company is installing "Gold to Go" vending machines. They opened their first of 5000 gold ATM machines in Abu Dhabi and are focusing on Germany, Switzerland and a few other countries.Gold is becoming ever more popular, this is another good example of the new gold rush.
Will Rhind, Head of U.S. Operations at ETF Securities after Gold has broke the $1600 it has pulled back a little bit due to some profit taking says Rhind :" what we are seeing is Gold gone to $1600 which is a new all time high for gold and since then in the last couple of days it has pulled back a little bit , and if you look at the trend of gold in the last couple of years what we typically see is when gold has made a new high such as the $1600 level it has been subject to profit taking and therefore the price retraced a little bit from its all time high "
David Skarica is a Gold stock adviser is bullish on the Gold "with the US printing as much money as it is and Europe trying to resolve its debt crisis , the flee is to gold " says David Scarica " and I think this shown since the euro crisis begun to boil up again in June with the downgraded debt ib Greece and what not " what we are seeing is a rush to gold because of the debt problems in both the US and Europe , Gold will continue to be a benefactor of that
Peter Schiff : " Gold is going higher , it had a pull back today , if you price the DOW in terms of Gold yesterday the DOW was worth less than 7.8 ounces of Gold that's the lowest level since the bear market begun in 2000 when the DOW was worth 44 ounces of Gold "
"I think the Deal(about the debt ceiling) is bullish for Gold , contrary to all the scare tactics coming out of Washington , if we have an economic Armageddon which we may be have it is not going to be because we fail to raise the debt ceiling but because we succeed , the best thing for the market and the US economy and the worst thing for Gold is that we do not raise the debt ceiling and get our fiscal house in order right now , if we continue to kick the can down the road and raise the debt ceiling that's bullish for Gold and bearish for the US economy and bearish for the Dollar "
Peter Schiff is telling you truth. If you raise the debt ceiling any more, we are totally screwed. It's VERY obvious and I can't believe people are actually falling for this again. How hard is it to do simple math? Schiff was right about the economic collapse, housing bubble, and other problems within the market when most of the fools out there were saying "everything is fine, the market is great".
The fever of gold continues as investors pour into Gold and Silver in order to escape the European and America debt abysses .Even today, the precious metal rises above the threshold of $ 1660 per ounce. It is considered a "safe heaven" of wealth against the odds of the the U.S. and Europe the public debt crisis. By the end of the year gold price could go up as high as 3 thousand dollars. The problem is that the financial system, is incapable of producing real wealth but just debt through credit
Today the gold price is growing, as it is used to do for now almost 11 years. Yesterday it rose above a threshold of $ 1600 per ounce . Analysts say that this "fever" becomes more frantic when investors try to find some "haven" protection of wealth, before the abyss of the European American debt .
European governments, under pressure from the International Monetary Fund, will meet again in Brussels this week to re-think back about the Greek debt, Barack Obama juggles with the failure to find an agreement about raising the public debt ceiling in the U.S., while ratings agencies are threatening to downgrade the United States's rating.
This year the price of gold has increased by 13%, the biggest jump for 90 years. According to analysts, it is possible that if the debt crisis increases, the price of the precious metal will reach $ 1650 by the end of 2011 and will double in a few years. Considering that China and India are among those that most require it , the gold price could reach up to 5 thousand dollars an ounce by 2020.
The economist Bob Chapman said that "we will see a doubling of the price of gold, around 3 thousand dollars an ounce already this fall". Some time ago I calculated that if you take the entire global monetary liquidity expressed in the main reserve currency, the dollar, and you divide by the amount of physical gold available,This would lead to absurd figures, in the order of about 30 - 60 000 U.S. dollars per ounce. The real problem, is that "there is so much paper around, a lot of finance, and a few products of real value .Gold even at $1600 is still very under-priced said James Turk yesterday , there is definably a shortage in the physical gold and silver and the prices have only one way to go and that is up up and up with few corrections along the way...
Dominic Schnider, Head Commodity Research at UBS Wealth Management is bullish on Gold and expects the price of Gold to hit $1700 in next 3 months.There is a lot of demand presently taking place in Europe especially on the coin side not ETFs says Dominic people like to change their Fiat money into real hard assets like Gold and Silver ....
Hyper-Inflation To Push Gold price To Double by year end
James Turk of goldmoney.com on the Kerry Lutz - July 18, 2011 : " we are at $1600for gold and silver is back in the $40 , I made a contrary call because normally gold and silver are pretty quite during the summer months , because it is a seasonal pattern that tends to repeat , but it does not always work that way " says James Turk " I keep going back to 1982 when gold prices rose 50 percent in three months during the Mexican debt default and my point has been is this summer is going to be a repeat of 1982 it is not Mexico that is going to default this time it is going to be somebody else whether it is Greece United Kingdom Belgium Italy Spain United States Japan or anyone of a dozen other countries who knows , but it looks like it is gonna be a good couple of months for the metals as people worry about the default and move into the security of gold and silver ".....
Gold and cash are The Most Popular Asset Class in Asia , Chris Gill, General Manager at Friends Provident International says gold is the most preferred asset among investors in Hong Kong, Singapore and UAE.
CNBC discusses the rally in spot gold prices - its longest winning streak in four decades.Gold this morning hit an all time high by breaking the psychological barrier of $1600/oz , while Silver is back over the $40/oz barrier all this despite the summer being a sluggish month for Gold we are not in the heat of the Indian wedding season and we have passed the valentine day time , so how high Gold will go ??? according to many experts the Gold prices will explode this summer to stratospheric levels , so hold on to your physical gold and silver the show is about to begin ...LOL...
Update on Gold soaring this morning to all-time highs Gold at $1600/oz Silver at $40/oz and climbing
Sharon Epperson :"....the spread continues to blow out. the spread is what a lot of traders with watching now. that's a reason why we are looking at it. here on the floor, all the action has been in the gold market. you have been talking about $1600 gold. also the fact that we have seen hedge funds adding position. there is a surge in the long positions. a big reason why we are looking at the higher price as well. not only in dollar terms. it's important to realize Bernanke said he didn't believe gold is money. when you look at gold in euros, the pound, the yen, we are at new highs here. people around the world are using gold as alternate currency and silver as well. the highest we have seen since the beginning of may. over $40. the percentage gain higher than what we are seeing in gold. this is the currency folks are focused on. "
Ron Paul vs Bernanke : Is Gold Money? - July 13, 2011 Congressman Ron Paul questions Federal Reserve Chairman Ben Bernanke in a U.S. House Financial Services Committee Meeting shortly after reports surfaced that the Federal Reserve was preparing for a third round of quantitative easing.
"I care not what puppet is placed on the throne of England to rule the Empire, ...The man that controls Britain's money supply controls the British Empire. And I control the money supply."
-Baron Nathan Mayer Rothschild
“When you wake up in the morning, do you care about the price of gold?” he asked Mr. Bernanke.
“Well,” Bernanke replied. “I pay attention to the price of gold. But I think it reflects a lot of things. It reflects global uncertainties. I think the reason people hold gold is as protection against of what we call tail risks, really, really bad outcomes.
And to the extent that the last few years have made people more worried about the potential of a major crisis then they have gold as a protection.”
Paul: “Do you think gold is money?”
Bernanke: “No. It’s a precious metal.”
Paul: “Even if it’s been money for 6,000 years? Somebody reversed that and eliminated that economic law?”
Bernanke: “Well, you know, it’s an asset. Would you say treasury bills are money? I don’t think they’re money either, but they’re a financial asset.”
Paul: “Why do central banks hold it (gold) if it’s not money?”
The Federal Reserve Chairman’s admission that gold is “protection” against “tail risks” and “really, really bad outcomes” is important and marks another step towards gold’s movement from being a fringe asset to being a core part of a properly diversified portfolio.
Gold is increasingly being seen as an important safe haven asset and specifically as currency (despite Bernanke’s feeble denial of this.)
Many speculate that this interview may be seen as another landmark in gold’s move from “barbaric relic” to a mainstream investment and savings vehicle.
David Bond of the SilverSummit is a strong believer that silver could double in price very soon , silver is an irreplaceable metal , the only thing that can replace silver as an industrial commodity is palladium in terms of its conductivity and reflectivity etc...we are hitting in a big squeeze in the market , JP Morgan Stanley which is hugely short silver tries to cover , I think their short covering is probably what's driving the momentum I really do not see a top for it yet says David Bond as a log term investment silver is better than gold it has bigger leverage , it is easier for the price of silver to double than it is for gold
Silver, Infinite Dangers & Survival , Gary Yantis is an engineer Recently retired. Active in trading penny stocks and politics. he is specialized in Silver and have been warning about the silver shortage for long time ....there are ten thousand usages of silver and unless the silver price hits $1000/oz it is not practical to retrieve the silver that is used in circuitery etc....
GoldAnd Silver Prices Expected To Skyrocket With US Debt Ceiling Worries , Bill Gross who is Pimco's largest bond fund manager in the world he mentioned when adding in all the money owed to cover future liabilities and entitlement programs the United States is actually in worse financial shape than Greece and other European countries , this is obviously nothing new but what was happening over the prior weeks up until today it is building up , it is like a pressure cooker getting ready to explode , w gonna have to continue to raise this debt (ceiling) and if we do not what's gonna happen is we will default on the loans that America has , you should hold on assets like gold and silver that's where the strenght and the protection are , do not worry about what the stock market is doing , mutual funds the safe heaven right now is in Gold and Silver you get to hold on to for safe keeping....
James Turk of Goldmoney on Goldseek Radio July 12, 2011 : " to me it seems inevitable , the US government is spending more money than the market is willing to lend to it , that means that you will have to the central bank and the central bank turns that borrowing into currency which the government spends or the government has to cut back and there is no indication whatsoever that the US government is going to cut back at any of its spending aspirations I mean it can't even agree to cutting the spending in the future when in fact what it should be doing is cutting spending right here and now , so it seems to me that QE3 is inevitable and ultimately that's going to destroy the dollar to more inflation if not hyperinflation "..." this is the summer that could surprise people , to me it is setting up like the summer of 1982 when gold soared during the Mexican debt default , Mexico is not the center of attention now obviously it's Europe Greece Spain Italy anyone amongst a dozen of countries around the world who have too much debt and are over leveraged , but people think the summer is going to be a quite time , going to the beach , seasonally gold often slows during the summer , I think this is going to be a summer again like 1982 really surprises people , so I am very bullish here and the fact that this correction that we had over the last couple of months driven a record amount of people out of the market suggest to me how strong the metals have been during this correction ..."
Adrian Douglas is a Director of the Gold Anti-Trust Action Committee (GATA) and editor of the Market Force Analysis Letter : '" a lot of people try to dismiss manipulation without really looking at the facts " there is a perfect correlation between the prices of Gold and Silver says Adrian Douglas , since October that correlation is broken down ,...the manipulation cannot continue forever there has never been a manipulation of a market that has continued forever , this is a true opportunity for investors cause the price of gold and silver have been kept well below their market value the investors will make huge gains when the Gold and Silver find their true market values
Gold to all time highs among fears of Italy defaulting but also fears about the debt ceiling in American and then possibly with the soft economic data coming out another round of quantitative easing hints about QE3 from the Fed , all these factors helped the Gold prices settling at a record high on Tuesday also hitting and intra day high on Wednesday , the macro environment has turned favorable for gold but what's really impressive, is that currently we're in a seasonally week period for demand particularly out of asia, but we're still seeing gold prices hit record highs
Once again and because of the heist that was created by the Zerohedge article regarding the 'over the counter gold and silver ' market after the July 15th , many people were induced to believe that they won't be able to buy gold and silver bullion after July 15th , this is NOT TRUE , the so called Dod-Frank Bill does not have anything to do with the small investors who want to buy gold or silver over the counter , Bob Chapman explained it in details , here is another expert Andy Gause talking about the same topic and explaining it in detail , the interview is from the Jeff Rense Radio aired )7 July 2011
The latest details from the Fed and the FOMC meeting, say that the FED is debating a QE3 and an exit strategy, while Gold has reached an all time high this morning surpassing the previous $1577/oz nominal all time high of last May , many experts have warned that QE3 is inevitable despite the FED denied that it won't call another QE after the end of QE2 last June ....Gold price seem on fire since yesterday and it is very likely that gold today will end well above $1580/oz silver too is climbing and is over $37/oz so far....
Today The Gold Price is on Fire and approaching the nominal all time high of $1577 back in May , this spike in the precious metal comes soon after talk of QE3.
Bob Chapman : ..anybody who is in Gold and Silver coins bullion and shares is going to make a lot of money because absolute minimum the Gold can go to is $3000/oz nominally $6000/oz to $8000/oz " everybody in those investments will be able to protect their buying power by holding them (Gold and Silver) rather than the dollar or any other currency
In this Coast To Coast AM - 10.7.2011 , financial analyst Joe Meyer provided an update on a number of facets surrounding the economic crisis including the debt ceiling, the dollar as world reserve currency, and the rising price of gold and silver.money is a medium it is an agreement to exchange goods and services , the Dollar became the world reserve currency in July 1944 at the meeting of Bretton Woods , President Nixon removed the dollar convertibility to Gold on August 1971 , since then the dollar is backed by the general faith in credit standing of the United States Government
. We are in the early stages of a massive bull market in the precious metals we have at least another decade of rising prices , to put it in perspective , We had 5 prior commodity bull markets in the last 200 years and each of them lasted between 18 and 20 years in the overall big picture this bull market has not even begun we are going to go significantly higher , if we look back at the previous bull market we had which was from 1970 to 1981 Gold basically took nine years to go to 200 dollars and one year to go to $850 so if you look at the bull market from $35 to $850 you get a factor of 24 times if we apply that to the Gold bottom which was made in 2001 and we multiply basically $255 times 24 we get a potential finaly bull market high in Gold $6920/oz
Gold is expected to rise today in Asian trade after EU boss Herman Van Rompuy called for an emergency meeting of top dogs to deal with the prospect of the EU’s third largest member falling victim to the spreading debt crisis.European equities inch lower on fears that Italy could be the next euro zone shoe to drop hit risk appetite as top European officials hold an emergency meeting to discuss the sovereign debt crisis.Insight on Europe's growing debt problems, with Jim O'Neill, Goldman Sachs, and the Fast Money traders weigh in on financial stocks, gold., and trades to put down today..u.s. bank is getting smirked around by European debt worries. who is getting hit. how much exposure do they have to the spread is crisis. the gold rush is on again. gold hitting a record price in euros is a record in dollars, coming next. Alcoa kicking off an intense earning season. the outlook on company profits. lots to trade as usual .Most of the European countries are going down, like a string of dominoes. Gold will skyrocket and take silver right along with it. If you are at all interested in preserving your wealth, you should buy as much gold and silver as you can afford TODAY!!! With news like this I always have a peak in the safe to drool over my silver. C'mon USA lets get that QE3 going. My silver gets more shiny by the week with all this good news. :) Got no physical silver or gold...your screwed
The PIIGS economies cannot gain control of their currency, until such times that they understand that they have to have a valid economy to begin with, and which they were supposed to have established, by now. Simply exiting the €uro and reintroducing an alternative, national currency, will only temporarily kick the can, down the road, at best. The success of the €uro depends on all the €urozone members/economies working in concert, since the €uro is akin to a gold standard, so long as some participants do not act, in effect, to debase its value, by, for example, bilking the likes of Germany, which is currently on an upswing of economic growth, yet is not guaranteed to maintain that trajectory, as was the case in the 1990s and early 2000s. 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)
More bullish news , and experts like bob Chapman forecasting that Gold and Silver will go up by a 100 to 150 percent in 6 months from now , if you are thinking of buying Gold and Silver do it now you may never get these low prices ever again , the market manipulators cannot hold those prices low forever , once they take their hands off the market the prices will shoot to the moon , here are some bullish news for you , India to import 350 tons of Gold and 1200 tons of silver , before the Chinese and the Indians used to wait for the dips to buy now they buy no matter what the price is , because they very well know that the prices are kept artificially very low...the Euro is collapsing the Dollar is collapsing the central banks are printing fiat currency faster than ever , so what you do ??? go buy as much gold and silver as you possibly can
Peter Schiff : ...I do not even know why would people double in Numismatics , It is totally different than buying Gold , buying numismatic has as much in common with buying Gold as collecting stamps , or buying works of art or buying rare Samurai swords or baseball cards , it is about collectors market it is about buying something that's rare and that people desire for its rarity not for the fact that it got metal , ...if you wanna be a collector and if you enjoy I mean there is certain enjoyment that people can get out of owning rare coins and displaying rare coins and talking to their friends about them , you can get some type of enjoyment from rare coins that may be you can't get from bullion , but you have to understand that those are not the coins that you buy and try to sell in few years and make a profit these are the coins that you wanna hold , if you do it right you may get the right coins the problem is most of the rare coins , collector coins that are being marketed through the major coin firms are not rare at all , they posses no collectors value whatsoever the problem is the buyer does not know that , he is told that they have some kind of special value but the only special value they have is through the firms that are selling them because they mark them up a massive amount , typically now in the industry the mark ups are 50 to a 100 percent so if you buy some of these coins marked up a 100 percent the market needs to double , the price of gold might have to double before you can sell them and get your money back that you put in , and most people do not realise that this is not going to happen ....
Jon Nadler, senior analyst at Kitco.com, says that the Gold and Silver markets are in wait and see mode "Well I think they're looking to see what happens" "markets will be in wait and see mode. One of the things that kind of seems to be bothering at the moment into the gold so complex is that we have really. Lackluster open interests and these moves have been made largely like it's. Absent participation. So would have to be careful here."
Bob Chapman : ...there is a chance that gold can move up dramatically during the summer which is unusual but by the end of the year or six months from now we should have have much higher prices , if you go back and look at the charts long term charts , I do not use short term charts because the markets are manipulated , now in history of gold and silver when you have a testing of a support area six times or five times or four times , but six times is unusual it gives a tremendously strong support area , and with the Rico file suite that been filed for the manipulation of the silver market against JP Morgan Chase and HSBC that just fuels the situation and the fact that there were big short covering the week before last end tomorrow we will find out what they covered up until two days ago this past Tuesday as a gap in the release of the information , now if you go back and look at those charts you will see that the average move after this kind of a foundational testing the move of the following six months is somewhere between a 100 and a 150 percent so Gold at $1500 and it goes up a 100% it is $3000 and silver at $35 it is $70 and at 150% you figured out ....
Bob Chapman : ...commercials mean banks and these are the characters that have been rigging the arket for years , they were very heavily short and what happened is they covered a good part of their shorts that means that either they stay out of the market or they go long , I do not think they are going to go long so they are to go short may be sometime in the future ...this means there is no overhang on the Gold and Silver, in the next while within 6 months probably much sooner gold and silver are going to go up a 100 to a 150 percent , that's for historical perspective and make notice of it says Bob Chapman of the International forecaster , I have been doing this for 52 years , I know everything that happens in the Gold and Silver market I was the largest gold and silver stock broker in the world and so I know what's gonna happen ....and there is going to be enormous amount of money made and so if you are thinking about buying gold and silver coins bullion or shares do it because you will never buy them any cheaper
Bob Chapman : Gold going to $3000/oz and Silver $70/oz to $100/oz
Bob Chapman : last Friday night Saturday I said that Silver and Gold have bottomed out at a support level and I said that I felt that was it and that on Monday Tuesday and Wednesday the market will be back up again and long and behold I was right , the significant part of hat happens was that it was a major naked short covering by HSBC JPM and others in both silver and gold but in particular in Silver , they knew the lawsuit was on the way ....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)
Gold will probably trade higher from here as the central banks still buying Gold and the global economic situation has not improved that much says Tim Harvey, Sr. VP of ETF Securities, the unrest in Greece and southern Europe affects the price of Gold hugely in its store value as an inflation hedge and other factors why people invest in Gold , the supply of Gold is health there is no squeeze in supply says Tim Harvey but still with Gold we see more buyers coming in like China a huge net buyers of Gold as well as a huge miner of Gold
Mike Maloney : How much Gold and Silver are selling for measured in Dollars means absolutely nothing you can't count on that , there is no price target , there is a purchasing power target and you have to be measuring gold in terms of real estate oil shares of stocks...this is going to be the greatest wealth transfer in the history of mankind , it is also the greatest opportunity in the history of mankind ....
silver under-perform gold substantially in the second quarter
we should see gold prices at $1650 over the next second half of the year says Phil Streible,
The gold has never been more valuable : 1500 dollars per ounce: the reasons for a historical record.The yellow metal rose on 20 April to a record high 1500.70 dollars an ounce. Even If the markets got carried away since the beginning of the year, the upward trend is more persistent It dates back a decade back at least. The real upward trend started in April 2001 after an ounce reached a low of 253.85 dollars. "Among the reasons for this growth: the awakening of the emerging countries. "The central banks of those countries are buying gold to make up the standard ratio of gold in their reserves vis-Ã -vis Western countries," and especially the US Dollar. China (1.8% of its reserves with 1 000 tonnes) and India (8.5% with 550 tonnes) in recent years have been the biggest buyers of gold in the world. But they are far from the ratios of the United States (75% with 8 100 tonnes), Germany (71% with 3 400 tonnes) and Italy and France (68% with about 2 400 tonnes), according to figures from the World Gold Council dated January. It is also the demand from emerging countries which pushed on the rise the prices of other commodities , awakening and fears of inflation. Investors are turning to the safe haven that is gold, but also to Silver, which reached 40 Dollars an ounce in April , its highest level since February 1980. The fear of inflation also feeds from the risks associated with crises in the Arab world and the Japanese drama. As the peak of the euro, which traded until last month $ 1.43, it also encourages the purchase of gold, denominated in U.S. currency. Demand from emerging markets, falling dollar, the specter of inflation, geopolitical instability ... these causes in 2008 pushed gold to a record level ... at 850 dollars! Still far from the record of 1980, to 825 dollars, equivalent to about 2500 dollars, taking into account inflation. And analysts still do not see the trend reversing. Especially since the renewed concern about the sovereign debt of countries in the euro area - after Greece and Ireland, Portugal - also pushes the purchase of gold, less risky in times of volatility. Hedge funds also mingle more in the battle. As for producers, they are pleased. "The higher the gold price is , the more we can raise money on the stock market, enhance our investment capabilities and discover deposits, said a Gold miner based in Africa What we discovered in the past and we did not pay much attention to before , today it becomes much more interesting! "
Andrew Gause - The Real World of Money with PATRICK TIMPONE - July 2, 2011
if the Us government defaults the mutual funds will plummet , all the bonds funds that people hold their money in will default , Cash is not money , Cash are federal reserve notes and until you turn those notes in what the constitution defines as money you have no money you are a creditor , this is a bad place to be "no state shall make anything but Gold and Silver coin a tender in payment of debt " says the constitution , so unless you have any money you are a creditor and if you are a creditor you do not want that default to happen , IOU notes are not money whether we keep it in electronic form or in paper form it is still a claim it is not MONEY
Jim Cramer : Gold is not in a bubble , gold is not just another commodity , Gold is a reserve currency an incredibly scarce currency "....the seemingly inexorable rise in the price of gold. now, i have said it a million times and I'll say it again, your portfolio, no portfolio's complete without some exposure to the pressure metal. from 2000 to 2010, gold increased in price every single year. and over that period, it beat the performance of the s&p 500. i think it has the power to go higher. see, gold is not in some kind of a bubble. you hear that chatter all the time. I've been hearing since I've been recommending it when the show started. i know people look at the rally over the last few years and conclude it's got to be a bubble, it has to be a bubble. anything that goes up that far that fast is doomed to crash down harder and it's some sort of law of gravity that's supposed to govern the markets. it doesn't work like that, ladies and gentlemen, it's not a bubble. this is, in fact, one of the simplest and easiest to understand stories out there, and it's not about interest rates. this is a scarcity story that's all about supply and demand. people all over the world want to own gold because it holds its value when paper currency is being devalued as it is all over the world. the amount of money that's being printed globally is outrageous. and gold, this stuff, is the best hedge out there against the power of the printing press. you know it even worked in Germany, it will work again. and that's why there's so much demand for gold in the people's republic of china. the people there don't trust their government. they certainly don't trust their currency. it's why central banks have been buying the stuff, they used to be sellers. gold is not just another commodity like copper, aluminum and lumber, it's a currency that hold its value. you don't bring lumber to -- when you're on the road, you don't say, hey, I've got lumber with me, it's worth something everywhere i go. this works everywhere. and even better, it's an incredibly scarce currency. the scarcity value alone is enormous. because it's not like we've been finding vast new gold deposits. as someone who went to the exhibit of king tut in Cairo, it helps to remember there was more gold in that one exhibit than found in the entire world in the last few years. it's a pretty limited supply of the stuff, but demand keeps increasing. limited supply plus higher demand equals higher prices. now, throw in the fact that gold's the world's oldest status symbol. and you can understand the demand for jewelry coming from rising middle classes and fast-growing emerging markets like china and India. this demand from Indian wedding season alone is enough to make gold a terrific buy at the beginning of September every year. sounds crazy, right?"
Philipp Vorndran of Flossbach & von Storch and James Turk, of the GoldMoney Foundation, about Gold Silver the debt situation in Europe Greece Germany Belgium Italy the UK the Gold standard the future of capitalism and much more : "for every one hundred dollars the US government is now spending 40 percent comes from debt only 60 comes from revenue , historically whenever you are at that 40% level you are very very close to hyperinflation , it shows that the market is not willing to lend to the government and if the government does not cut its spending , the central banks steps in and turns that government debts into currency which is exactly what happened here (in Germany ) in the 1920s with the Reichsmark " says James Turk
Peter Schiff : "The Dollar has no floor , so the Gold has no ceiling " , Peter Schiff said , he predicts $5000 an ounce gold in the next decade but it could happen really earlier he said in a recent interview , but the possibility of a 5 digit gold in the order of $10000 is also possible as there is no floor for the dollar to fall into so there is really no ceilling for the Gold to go up to , Gold could go to the infinity measured in dollar terms
Bob Chapman goes once again to explain the Dodd-Frank law and its implications on the average Gold & silver coins bullion or shares buyers , the story was first put out by Zerohedge and obviously either intentionally or not was taken way out of contest , many were led to believe that "trading over the counter gold and silver will become illegal starting July 15" this is one of the most distorted stories says Bob Chapman , what is banned under the Dodd-Frank is the ability of the American corporations to trade in Forex in Foreign exchange in Gold and Silver you can no longer do so it is a very very small segment of the market it attracts big time speculators people who want real high leverage and a few average people by in large it is a pro market secondly it has absolutely nothing to do with gold and silver coins bullion or shares, there is nothing in that law that has or says anything pertaining to gold and silver coins bullion or shares PERIOD......
Silver Guru David Morgan of the Morgan Report advises accumulating silver equities during any summer weakness in anticipation of the next run-up in prices.
Mining for Gold in Colombia is a costly time consuming and energy consuming process , it takes tons of rocks to process an ounce of pure gold , Josh Rushing explains the process of extracting gold from the ground in Colombia.Colombia projecting to double its gold production over the next five years . London listed AngloGold Ashanti, the world's third largest gold producer, is one of the major players in Colombia.
Bob Chapman explains the Zerohedge story about July 15 over the counter Gold sale : again Bob Chapman explains that you should not worry do not be victim of sensationalism and those who capitalize of sensationalism and public emotions , this law means nothing for the average buyer of Gold and Silver bullion , after July 15 business will continue as usual
Chinese counterfeiters are second to none , they are the world masters in counterfeiting everything on the surface of the earth and of course they do counterfeit Gold and Silver coins and bars too , fake gold and silver coins are big business. and it is getting bigger with the price of the precious metals soaring , Indeed with Spot Silver prices rising the Chinese and others are cranking out millions of fake coins...I mean millions and the fakes are getting so good even advanced dealers and graders are being fooled! Many of these so called replicas "I'd say MOST" are unmarked and are outright dangerous.There a few things that will help you detect that they're fakes . They are even now making fake junk Quarters and Dimes. It's very lucrative for them .There are even better fakes that use 90% Silver, but they are not used on junk coins due to production costs. Only buy higher dollar coins from a reputable dealer, in PCGS, NGC, ICG or ANACS slabs! NEVER FROM CHINA...Unless you want a few fake specimens, which isn't a bad idea.my role of thumb is avoid anything Made in China and not just for gold and silver
Gold traded higher for a second day in a raw on news that the Greek Government accepted the austerity measures despite the overwhelming rejection of the IMF and EU plan by the Greek population .that is obviously a great news for the Gold and silver but especially for the Euro which rallied against the US dollar . Tim Harvey, Senior VP at ETF Securities, says that Gold is a dollar hedge not an inflation hedge , he expects the Gold to trade higher in the near future
These manipulated modestly low silver prices are getting annoying. Either they let go of the chains and leave it to the free market, or they suppress it down to $25, JP Morgue makes the switch from all short to all long on silver, and then we all watch the price skyrocket.
I understand that these flat, low silver prices are good for industry, especially for solar panel manufacturers, but its really not worth it. They should bring it down to $25 let all industries buy all of the silver they’ll ever need for the next 100 years, then let it skyrocket. 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)
Roger Wiegand is the Editor and Publisher of Trader Tracks a Stocks, Futures and Commodities electronic newsletter , : what we see is this Greek thing (bailout package) will be approved and rather quickly I think the end of this week or the first half of next week and ten what happens is the European currency the Euro is going to immediately rally and that will sell off the US Dollar , now when the US dollar is sold off a whole basket of commodities goes higher to the long side , the big buyers will com e back again when they see the dollar going weak again I am pretty sure that's going to happen I am persuaded that's going to be the big trade and as a result of that you gonna see Gold , silver Swiss franc Canadian dollar and the Euro all going up , the US dollar going down I think it will go below 75 says you gonna see just a reverse of what have transpired over the last four to six weeks says Roger Wiegand
Gold Stocks outlook with Frank Holmes, U.S. Global Investors CEO/CIO, and Anne Mulcahy, former Xerox chairman/CEO.Holmes : strong Gold Bullion prices outpacing Gold Stocks , Gold Stock historic outperform Gold price by 3:1 Holmes sees opportunity to buy healthy gold mining Cos. he would stay away from Barrick Gold
June 23rd 2011 Dr Stan Monteith and Melody Cedarstrom talk about why Gold & Silver? this is a good buying opportunity during this pull back in Gold prices , you should go to hard assets like Gold and Silver , Melody Cedarstrom agrees with what Lindsey Williams said recently that the gold and silver prices will remain relatively stable until the end of August where the elite are planning to increase the gold and silver prices by 20 to 25 percent , the US dollar will crash before 2012 and Gold will by then be around the $3000 an ounce and silver around the $70 dollars an ounce
David Morgan on the Ellis Martin Report discussing the Dollars, Debt and Danger of hyperinflation : "what's coming unfortunately is the great day of reckoning , at some point the dollar collapse happens and at some sense it is happening in other words it is not usually an overnight anomaly where all the banks close that's not probably what's going to take place , what's happens is as we are witnessing more and more nation stats start to say I do not want any more dollars , the FED becomes the buyer of the last resort of the bond market which is true as it is still going on until June 30th when QE2 ends , and right now the FED is buying 80 percent of the bond offer after the 30th of June who is going to step in and buy it , China ? Russia ? Japan ? I do not know I doubt any of them will buy that much they may buy some , so we get to the end game and the end game is I do not want the dollar anymore , and the problem with this is it is still interconnected for the global economy because the dollar is still the reserve currency so if you stop wanting the dollar what do you want ? and it does not take much of the bond market to go to the security of Gold to move the prices in paper terms to an astronomically higher level and that's the situation we are facing , China is increasing its gold holdings Russia is increasing its gold holdings India increased its gold holdings , Central bankers have become net buyers of gold recently as they were net sellers for a very long period of time , so e are getting near the end ...so hopefully it gets to a point where an adjustment can be made in other words we go back to some kind of Gold standard or pseudo gold standard or a commodity basket or something that have faith in it we are not there yet but we are getting there very rapidly ...says David morgan
Famed investor Jim Rogers was asked "where would gold be a year from now ?" in a Thomson Reuters Q&A session , his answer was : "I don't have a clue , I do have a clue that Gold will certainly go over $2000/oz , Gold's all time high adjusted for inflation would be well over $2000 , it will go there , I mean you can dream I have no idea , if the dollar does collapse in the next ten years which I expect , you pick your number when you have declining currencies and things are denominated in US Dollars who knows what the prices will be , they will be unbelievably high they gonna be much higher than even I believe , the numbers are gonna be staggering , it is always that way in a bull market , if you and I had sat here in 1980 to 1992 and we talked about what the prices will be five ten years later nobody would have believed this or even
Peter Schiff: Gold is worth its intrinsic value it has unique and special properties that other metals do not have , you comparing Gold to paper , what is the federal reserve note worth what a piece of paper that is printed by the US government what is that worth ?!?!? I mean you cannot use it for anything it is just paper but it already has been written on , I mean it is not soft enough to use as toilet tissue , what you gonna do with it ?!?!?!" Peter Schiff of Euro Pacific Capital believes that the Gold standard could happen even sooner than a five years from now , and the reason for that is we have a dollar crisis we have a currency crisis that brings on an even worse financial crisis and I think that currency crisis is coming soon it is going to send the dollar plunging consumer prices and interest rates surging and we gonna be in a much deeper recession and the only way to have a real economy a sound economy is to discipline the government to prevent them from deficit spending and the only way to do that is with the Gold Standard says Peter Schiff
GoldSeek Radio Commentary with Robert Ian about Congressman Ron Paul bill for auditing the purity of the 700 thousand Gold bars supposedly held at Fort Knox ,this could take 400 people six months to accomplish the task of auditing the Gold . Bill Gross in an interview this week stated that all the money owed to future liabilities an entitlement programs put the US economy in worse shape than Greece , this is not just the 14.3 trillion dollars of the public debt it's the 50 trillion debt estimate which includes medicare medicaid and social security or the 100 trillion dollars estimate that includes the financial bailouts of 2008 and 2009
Visionvictory takes us to a mining tour of a gold mine in Nevada , the goal is to show you that gold mining is not an easy task it requires heavy machinery a lot of energy and human power and skills , tons of dirt and ricks has to be moved or crashed in order to get one ounce of Gold , unlike money printing gold mining comes with a cost and that adds to the value of Gold , gold cannot be created out of thin air as we do with paper money . Nevada accounts for 75% of gold production in the United States and 7.2% of the gold mined worldwide
Buy Gold on Dips , Dips are discounts and you should take advantage of them whenever they occur , Gold and Silver both falling sharply today , this is a great opportunity to purchase more physical gold and silver , Gold and Silver have only one way to go on the long term and that is up and up , cause the federal reserve is flooding the markets with worthless paper money , and soon all that money will start chasing the real assets on the market namely gold and silver sooner or later the dollar is doomed to crash many experts say the dollar will go bust in 2012 the Euro won't even make it to 2012 , Gold and Silver are the only safe heaven , stocks and the dollar could go to zero at any time gold will never go to zero , Gold has been money for 6000 years , so do not get discouraged by this volatility which is likely the job of God knows what market manipulation , go get your physical gold and silver go long and stay long , remember what happened during the Wiemar republic , those who had their saving in paper money got wiped out and the few who had their savings in Gold were able to buy entire chunks of downtown Berlin with a handful of gold ounces , tomorrow the same scenario could very well happen in America the public will wake up to the fact that the only real money is Gold and Silver...
Gold & Silver Selloff continues from Thursday . David Morgan the Silver Guru gives his take on How to Trade the continuing Selloff in Gold and Silver , a lot of it has to do with this Ben Bernanke's QE2 approaching the end says David , the $1500 in Gold is psychological level we will see what happens from there the psychological level for silver is 33 dollars and change , David Morgan says that his position is as always short silver long Gold
Mining Shares Versus Gold Prices the reasons for the relative underperformance of shares in gold and silver mining companies versus the performance of the metals Costs for miners have risen substantially in recent years due to rising prices and environmental regulations widening the gap between mining share prices and the price of gold, Charlie Morris, head of absolute return at HSBC Global Asset Management told CNBC Friday, the tremendous potential in mining stocks and how these have been suppressed too, despite rising gold prices. Given their tiny market capitalization he expects that when the rush comes, they will rise in value very rapidly and outshine even the dotcom bubble.
I think you can actually get the shares in paper form sent to you so it's not just an entitlement that can be claimed by a broker or something which you paid for but are not owning. I guess you need to think about lawyers & potential for a grab in a collapse. I assume this: #1 dishonest people will take opportunities #2 lawyers will survive the collapse (I know, but it's true, look at history, they're like cockroaches) 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)
06/23/11 : Time for a full audit. Ron Paul's Opening Statement: Monetary Policy Subcommittee - Gold at Fort Knox - Dr Ron Paul very courageously is demanding a full audit of the gold reserves in Fort Knox because it is a gold that belongs to the people . The focus of the hearing is on recent audits of U.S. gold reserves; challenges to conducting a full audit; and impediments to an accurate assessment of the US gold position, including any leases, swaps or other encumbrances placed upon the gold reserves; and also examine changes to the legislative proposal that will ensure a full and accurate audit, assay, and inventory of U.S. gold reserves.Ron Paul is a BAMF! He is Thomas Jefferson and Patrick Henry rolled into ONE. The old adage is true. The more you tell the truth, the more you'll be attacked. Solution. Tell even more truth until the attackers are exposed and go into Apathy. GO RON PAUL
Tom Cloudis a veteran Gold and Silver Advisor: An update on the U.S. Dollar how the Federal Reserve is going to act in the near future.The hard facts on how China and other emerging nations are impacting supply and demand for precious metals (and how these changes will affect prices.)
How you can add physical precious metals to your IRA (Wall Street and most financial advisors never talk about this topic...)Why silver prices are set to explode! (And the best way for you profit from them.)The shocking news that Tom Cloud is hearing from his global suppliers .What you should know about palladium (And how this metal can be a great addition to your portfolio.)Plus, Tom answers the burning question : "Is it too late to buy gold and silver?" (And if you already own gold and silver, "Is it too late to buy more now?")
Pam Aden : Gold and Silver not in a Bubble yet.the demand for gold is up and will continue to be up and this is the strongest reason for us says Pam Aden to believe that the precious metals Gold and Silver will continue rising because it is a demand based rise which is the most powerful type of rise in any market .
James Turk of GoldMoney Foundation interviews Dr. Bruno Bandulet from Germany about his outlook for the Euro , the Gold situation in Europe and in Germany in particular , the Greece crisis and debt and its consequences on the Euro and the demand for Gold in Europe , the future of the Euro , should Germany go back to the Deutschmark or should Greece go back to the Drachma , The Euro which started as a fairy stable currency at the image of the Deutschmark has become like a french Franc and could end as an Italian Lira . Switzerland introducing the Gold Franc via a popular referendum it would circulate parallel to the paper Swiss franc and allow the swiss to save in gold.
Gold is a fantastic Inflation Hedge says Tim Harvey Senior VP at ETF Securities : We are not going to see so much change in Gold in gold because of Greece or Ben Bernanke it will very much to do with inflatioin in China and India , What will cause a dramatic rise or fall in gold price is a major reaction to something that the public did no expect compared to the Lehman Brothers crisis in 2008 which was not expected , overall gold and silver are a fantastic inflation hedge we are definitely gonna see inflation increasing re-exported to us from China from Indonesia from India says Tim Harvey
Peter Schiff On Goldseek Radio 17 May 2013
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Peter Schiff On Goldseek Radio 17 May 2013 Peter Schiff is a well-known
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Jim Rogers Explains why he is Shorting JPMorgan
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Jim Rogers on Japan, Korea and shorting...
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TURNING SILVER COIN AND BULLION PURCHASES
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WHEN YOU HAVE TO TURN YOUR PURCHASES EVERY FEW WEEKS FOR CASH FLOW IT CAN
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Andy Hoffman - Silver Shortage & The Yen Bomb
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Ranting Andy discusses: (1) How the Yen may be in big trouble. It...
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