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
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Saturday, December 31, 2011

Where the Gold Price is heading in 2012 ?

You Should not be worried about the Gold price the power that be can only manipulate the paper market and they can only manipulate it for that much and for a limited period of time , we the physical gold hoarders are the absolute winners of all this especially that we are getting gold at a huge discount this time around so buy as much gold as you can and stop worrying about the price , you are in it for the long run.....

Worried about gold prices, well don't. You should be more worried about how long the fiat money system is going to hold on. Forces are converging that will soon make precious metals more valuable than ever. Our money system is based on a faulty premise that debt, any kind, begets prosperity. And government budget deficits are the key to wealth. In fact nothing could be further from the truth. We are all debt slaves now and the government wouldn't have it any other way. So don't worry so much about precious metals, there's plenty of other things going on in the world today that should keep you up at night.

Friday, December 30, 2011

David Morgan : Gold back to $1900 in 2012

The Silver Guru David Morgan sees pretty good support for silver at $26 and gold at $1500 , he does not believe that Gold and Silver will any lower from here , historically the first quarter of the year is very strong for metals he reminds us

Wednesday, December 28, 2011

Where Gold is going in 2012 ?

In 2011, Gold has hit a low of $1,307 in late January and reached a nominal high of $1,923 in early September. Discussing what is ahead for the precious metal in the new year and how high will gold go for 2012, with Kevin Giddis, Morgan Keegan and George Gero, RBC Capital Markets. Gold can only move higher from here , this is definitely a golden opportunity to buy all the physical gold you can lay your hands on

Tuesday, December 27, 2011

There are more reasons to be in Gold than ever

David Morgan on The Current Gold Massacre : There are more reasons to be in gold than ever so why has gold pulled back so much? More of a bargain than it was! I'm not holding it for a couple of weeks or months, I'm in it for the long term (like most people)! Now that Silver has dropped below even the low of the May crash, conveniently they starts omitting Silver from the conversation. GOLD IS MONEY, SILVER IS MONEY, PAPER IS NOT!

The Perth Mint - One of the Oldest Mints in the World

I would rather have a bubble in precious metals than the obvious scam that is paper assets. Precious metals will always be "Precious" while paper assets will always be paper however I do agree about diversification.Precious metals are the only valid long term investment. All paper assets fail at one point in everyone's lives. It has to work that way to transfer wealth to the next generation. The smartest physical gold investors do it for the long haul. They do it because they don't trust fiat currency - and rightly so. All fiat currencies throughout history have failed. All of them. It's only a matter of time, but they all fail.  During the average person's lifetime, investment in gold is always the perfect (and I mean that word literally) way to hedge against fiat, and at the same time store value. Buy more gold as it drops, and sleep well.

Friday, December 23, 2011

Gold $2000/oz in First-Half of 2012 says Andrew Su,

Andrew Su is the CEO at Compass Global Markets , he gives his outlook for Gold in the coming year of 2012 "I think we will be seeing $2000/oz in the first six months of the next year " Andrew says " I think it will stabilize from there and the we might see it continue to rise depending on the developments out of Europe and the US " he added , he also predicts gold finishing at about $2200/oz next year

Tuesday, December 20, 2011

Dennis Gartman Neutral on Gold

Dennis Gartman : "People said I turned Bearish of Gold Which Wasn't True--I Simply Turned Neutral" Dennis Gartman said last week on CNBC that he sold most of his Gold and that Gold 'Bull' is Dead .Dennis Gartman, The Gartman Letter, explained why he is calling the start of a real bear market in gold, but now Dennis Gartman says that he remains neutral on the precious metal

Peter Schiff : our economy grew more on a Gold Standard than since we left it

Peter Schiff : the idea that there is not enough Gold in the world is ludicrous it does not matter how much gold there is , is prices are just going to adjust to the level of gold that exists , money needs to be scarce that's what makes it valuable if it was plentiful if there was all the gold that we needed then it will have no value what makes it rare and valuable is that it's scarce . And if you look at it historically the gold supply increases by one or two percent a year that's it that predictable pretty consistent and it works great , we had the industrial revolution on a gold standard , people always well our economy cannot grow on a gold standard , our economy grew more on a gold standard than since we left it , if you look at the standard of living of the average American from let's say 1800 to 1900 and compare the way the average American lived and the way he lived at the end of that century and then compare that to the changes that are made since we've been on a fiat standard : it 's a much bigger difference , the standard of living rolled out faster and imagine how much wealthy your society will be how much less we would be all working how much prosperity and leisure we would all enjoy if we had continued on the gold standard for the twentieth century , instead we went off it and we sacrificed a lot of economic growth in the process .....- Peter Schiff in a recent Interview

Monday, December 19, 2011

The Euro collapse weakens Gold as Investors rush to the US Dollar

The Euro weakness weakens Gold as Investors rush to the US Dollar : The Euro is now under threat as the markets take a terrible loss The Euro is in a tail spin at the moment , the french prime minister Alain Jupee goes to announce that Europe is under threat of wars if the debt crisis is not solved , this shows how deep the crisis is and how delicate the situation in Europe is at the moment which is causing the Euro to slump and the investors are jumping back to the US Dollar , this US Dollar strength causes Gold to pull back , although all the fundamentals for a gold rally are intact such as inflation job numbers etc...

Friday, December 16, 2011

Gold or Cash ?

While Gold has retained its value for thousands of years , Cash is being debased by the second , practically each second that you can count the paper money you have in your hand has lost some of its value , because the central banks can print paper money to infinity , there is really no value for gold in terms of paper money , Gold is priceless , you should never exchange your gold for some paper money , Gold HAS to keep rising in price, as the population grows, and inflation inflates.Its a pretty safe bet , unlike stoicks or Fiat money Gold can never go to zero , Gold cannot go bankrupt and has retained a value throughout history. Unlike every paper currency throughout history - most of which have returned to their intrinsic value which is zero. The US dollar has not lost 100% of its value - but 97% is not far off it. Diversification and not having all one's eggs in any one basket is absolutely crucial in these uncertain times.

Thursday, December 15, 2011

David Morgan Precious Metals Smash Up Report

Silver Guru David Morgan interviewed by Kerry Lutz of the Lutz report " Sub $30 Physical is a GOOD BUY!" says David Morgan kill 666 buy .999 .In the event of fiat currency collapse previous millionaires, who didnt get gold or silver, will be impoverished. Those holding metal will become the rich of tomorrow in the senario. You will buy property goods etc with silver and gold. Fiat money will become like toxic financial waste and gold and silver real wealth. So the spending power will increase exponentially

James Turk - Precious Metals Panic Report

James Turk Director and Founder of the GoldMoney Foundation interviewed this 14th December by Kerry Lutz of the Lutz Report about where the Gold is headed from here "there are basically two markets there is a paper market for gold and there is a physical market for gold and this volatility in the price wings is normally driven by the paper market and that's why as you said the physical buyers start stepping in and taking up the bargains , I think that's what's going on right here " says James Turk "the bubble out there is fiat currency and government debt " James Turk added "gold is not in any bubble"

Tuesday, December 13, 2011

Where Gold is going from here ?

Where Gold is going from here ? gold price plummeted again today $35 today without the Fed's promise of QE3 after it registered yesterday one of its largest declines in nearly three months , this is due to two main factor the strong dollar as the capital that is fleeing from the Euro goes to the dollar and this weakens the gold market and the end of the year liquidation trend , bottom line you have here another Christmas discount a great opportunity to load more physical gold ,we can thank whoever is selling because we are BUYING , if you are in the gold market just to speculate you better sell all of your gold we will buy it all , but if you are in gold in order to preserve your wealth as you should be then all this trends do not mean much for you except you are getting a Christmas discount on Gold so take advantage of it ....

Jim Sinclair : the MF Global situation is a piece of dynamite sitting underneath the gold price


Jim Sinclair, host of http://www.jsmineset.com known as Mr. Gold for his remarkably accurate timing regarding the gold bull market of the 70s is the Founder of jsmineset.com and Chairman of Tanzanian Royalty Exploration.

Jim Sinclair interviewed by bullmarketthinking on December 12, 2011: “Many gold shares are selling at a significant discount to the price of gold, but also at a discount to simple logic,” for reasons that, “there are significant competing investments that didn’t exist back in the 70s and 80s, such as exchange traded funds in gold and silver…The largest of these funds, if you read the prospectus, you find out you’re investing in a fund that doesn’t have even the legal obligation to deliver gold itself, and they have the absolute ability to only deal in paper equivalents.”
and regarding the MF Global scandal Jim Sinclair says : “When problems like this occur, and when investors question whether or not their statements means anything, assets without liabilities attached to them held physically or stored personally by the investor become very attractive.” and He concluded by saying, “the MF Global situation—is a piece of dynamite sitting underneath the gold price.”

Monday, December 12, 2011

Gold to fall to $1450 - $1500 quickly says Dennis Gartman

Gold drops down below $1700 for the first time in two weeks and touched a seven week low earlier in the day. Dennis Gartman, The Gartman Letter founder/publisher/editor gives his outlook on the Gold Market : we could see gold trading down to $1500 - $1450 very quickly , he says , a lot of people got caught owning gold because they thought the problems in Europe will boost the gold market he adds , and what's really bad for the gold market is that over the weekend you had an announcement by a huge purchase by the Chinese which had no effect whatsoever that's not a good sign
Gold falls below $1700 for the first time in two weeks and is expected to go lower

WHY IS GOLD FALLING ?

Gold dropped below $1,661 this morning so why in the world is going on ? Expert Phil Streible says that it is mainly due to the liquidation because of the fact that there are tighter fiscal responsibility coming out of the Euro Zone as they are implementing a budget plan for 2012 so the safety play for gold came out as there are less expectations for inflation Phil says

Saturday, December 10, 2011

China & The Gold Market

China's Role in the Gold Market : China has admitted what many gold bugs have long speculated: it's been stockpiling gold since 2003. That accounts for only about 1.6% of China's total foreign exchange holdings and is little more than one-tenth of the value of the U.S. gold reserve, the world's biggest. It also means gold has slipped as a share of China's total reserves from about 2%, based on end-2003 prices. China's investment in gold has increased by around 50 percent over recent years, coming in behind India as the world's second largest gold consumer. At the China International Jewellery Fair, gold lovers eye everything from standard rings to designer necklaces. Or for those with no limits, how about a gold tiara or tailor-made luxury bra.

Friday, December 9, 2011

Gold holding well despite uncertainties

Gold holding well despite uncertainties , it has been great compared to other asset classes , and unlike money gold cannot be printed into infinity says Stephen Flood, director of Goldcore Investments, told CNBC, "gold is a finite currency, you can put all the gold in the world into a 20m high cube, you can print money to infinity and I think investors recognize that." he said " Gold is a good way to hedge risk " he added

Thursday, December 8, 2011

Gold $2000/oz in early 2012 says Michael Purves

"There's a technical or trading bull case for gold and a fundamental bull case for gold," says Michael Purves, chief market strategist at BGC Partners, he foresees gold at $2000 an ounce before March 2012 , although he prefers gold mining stocks "If you put gun to my head, I'd have to go with the GDX long term," he explains. "Gold is good and GDX is better." he added

Wednesday, December 7, 2011

Gold to $2,075/oz in 2012 says Global Commodity Analyst

Tom Price, Global Commodity Analyst at UBS AG, says uncertainty in the global economy will see the price of gold reach an annual average of $2,075 next year.

Monday, December 5, 2011

Why is Gold Down while Stocks are Up ?

Why is Gold Down while Stocks are Up ? Is Gold Losing It's Shine? Dennis Gartman of The Gartman Letter, will give his outlook for the yellow metal and how to play this gold market "I think what we have here as the year is coming to an end and as many stock portfolio managers who do own some gold find themselves behind their benchmarks I think you saw them today swaping out of Gold moving into the stock market and this may continue for a while " Dennis Gartman says

Gold to $1900 before year End says Michael Langford

Gold to Approach $1900 says Michael Langford, Proprietary Trader, Stream Consulting at StreamTrading.com who believes that the EU summit on Friday could be a potential catalyst for gold reaching $1900 before the end of the year.He explains that the physical gold market has become disconnected from the financial markets for a while now

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