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
The Indian jewelery demand falling off the cliff in the third quarter of the last year , but we will see some improvement this year , India is the largest consumer and importer of gold we will probably see a decline in that market year after year but we will continue to see robust demand from the other gigantic Asian market that of China , India is the world's largest consumer of gold, and for centuries, gold has held an allure for Indian women.
It also forms an integral part of an Indian wedding where parents of the bride give their daughter gold jewelry as her dowry and a means of financial security.
But the high prices at the moment are worrying some traditional consumers.
Investing in Gold, Silver, Agriculture, & Energy - Interview with Charles Goyette, talk show host and author of The Dollar Meltdown warns about the economic calamity the Republicans and Democrats are creating, Charles Goyette is spot on. The US is in such deep trouble. If they cut spending and balance the budget there is going to be a massive economic retraction. If they don't and they keep interest rates too low and keep printing money the dollar will eventually become worthless and there will be massive inflation.What is going on is the fiat money age is over.Nobody wants to play the banksters rigged game anymore.Gold and Silver...next stop, THE MOON!! If you're still holding "paper" when this happens, you're screwed!!
David Morgan :....I am on record saying that we will see a $100 an ounce silver (in 2012) and that's in my book that was published in early 2000 , so i can't get out of that that's in black and white , but it is not a number that I think people should focus on , and of course people love to know how high and all that because that's the only one thinks my net-worth 'how many dollars ' do i own , but really you got to get out that paradigm because in a depreciating currency to think of how much you have in dollars is really not thinking very clearly , cause which dollar you're talking about ? the 1930 dollar the dollar the day you were born or the dollar of today ? because it is a variable it is not a constant whereas an ounce of silver and an ounce of gold is a constant and what's you really think about is how many ounces of gold and silver you have accumulated over the years is it higher or is it lower than the amount you had a year ago two years ago , if you think about that shift that paradigm then you are looking at your real wealth not some paper derivative
Dr Deagle Show - Walter Burien - The 50 Year Gold & Silver Plan , I do not agree with Walter Burien , the story about extracting gold from sea water I have been hearing about it 35 years ago , it is just non feasable and won't happen any time soon , gold is not a Commodity , gold is Money so i think this is where some analyst get it all wrong , never treat gold as a commodity , gold is money the only money that humanity ever known since 6000 years if not more , Gold always preserves its value , the gold coins that you owned say 6000 years ago can still be exchanged today for goods and services ...Go long everything Gold you can get your hands on Gold coins and Bars Please stay with Government minted Coins and Bars
Peter Schiff : "obviously that's a just a bunch of propaganda by the government , government want paper money they do not want to be on a gold standard because they want to be Santa Claus they want to spend money they want to pretend that there is a free lunch they want to give something for nothing they want the power , Gold puts the power to the people fiat money gives the power to the government so that's the reason they oppose it ....."
James Turk : “With regard to gold and silver themselves, I think we’ve seen the low for the year. I think we’re going to clear $2,000oz. on gold before too long and I think $100 silver is quite reasonable. Something over $2,000oz. this year seems likely, and something over $50oz. perhaps as high as $100 per oz. on silver seems to me the most reasonable course...The mining stocks are still on the runway [ready for takeoff]. The runway is this trading range they’ve been in for the last couple years now…Eventually they’re going to break out of these trading ranges to the upside, and they’re going to take off. Hopefully it’s going to be the first quarter of this year because I’m expecting much higher prices on both gold and silver as we work our way to the end of the first quarter.” - in a Bull Market Thinking recent interview
James TurkGold outlook for 2012 : what we are seeing is a bull market in precious metals and a bear market in national currencies says James Turk and this trend is not going to change in 2012 he explains ...the demand for physical gold from the big buyers like china is set to increase says James Turk , China in the last couple of months have been importing as much gold as dis India which is obviously the largest importer of gold in the world , this is a great impact that China is going to have on the gold market and this is going to continue for the foreseeable future says James Turk as long as the monetary problems around the world are not getting any better , capital will keep on flocking into gold as a safe heaven
Adrian Fleming President and CEO of Smash Minerals (TSX-V:SSH) , thinks that the Junior Mining Companies to become the Hottest Market sector .Adrian Fleming, discusses the results from the past year's program and what zones of their Whiskey Project that they are targeting for 2012's program.
Smash Minerals is a TSX.V listed gold exploration company with a large claim block in the White Gold District, Yukon, Canada. The first full season of exploration has been completed including a short core drill program. Several targets identified this year need additional work and drilling which will be carried out in 2012. Smash is committed to undertaking cost effective gold exploration using the best methods, by capable experienced people & consultants equipped with the best tools. We value every employee and emphasize a safe working environment. Our programs minimally impact the environment and we foster the support of the community with which we interact. We strive to make exploration breakthroughs which will bring value to all shareholders.
Gold Returns to Safe Haven Status : Why is Gold rallying with the Dollar ? now we are returning to the trade that we saw in the summer of 2011 , when things get worse in Europe , gold tends to move higher , what we saw in the end of 2011 was funds taking profits and this desire to raise cash because of the tight credit situation in Europe and we are back to the trade we saw before when people are scared they put their money in gold says
Matt Grossman, Chief Equity Market Strategist at Adam Mesh Trading Group He adds that gold has returned to safe haven status as Europe languishes. He is bullish on gold, and says it will break the $2,000 level.
James Turk : “With regard to gold and silver themselves, I think we’ve seen the low for the year. I think we’re going to clear $2,000/oz. on gold before too long and I think $100 silver is quite reasonable. Something over $2,000/oz. this year seems likely, and something over $50oz. perhaps as high as $100 per ounce. on silver seems to me the most reasonable course...The mining stocks are still on the runway [ready for takeoff]. The runway is this trading range they’ve been in for the last couple years now…Eventually they’re going to break out of these trading ranges to the upside, and they’re going to take off. Hopefully it’s going to be the first quarter of this year because I’m expecting much higher prices on both gold and silver as we work our way to the end of the first quarter.”
Owning Gold is about the only form of real security TODAY
The FED will have to invest in the stock market since smart people are getting out of the rigged casino. If the FED does not invest in the stock market, then you can be sure the DOW will crash below 6000 and the S&P below 700 .Invest in gold in three ways: buying physical gold, such as gold bars or jewelry, buying ownership contracts that relate to the actual gold price or buying shares in gold mining companies. And keep in mind, real natural gold nuggets also make great investments.
Gold nuggets are now rarer than diamonds. Nuggets only form very near to the surface, so future finds are limited by nature.
Less than 2% of all gold is found in nugget form, so larger gold nuggets are extremely rare and highly precious.
Doug Casey founder and chairman of Casey Research Institute,talks about the NDAA bill and how the whole world is becoming a police state : The Governments worldwide are jumping on the Terrorism bandwagon because it gives them a lot of control ..." the whole system is corrupt from top to bottom the whole system needs to collapse
"I don’t see any prospect of improvement at all until the current structure really collapses, and that wont be pleasant. It’s going to be very much like after the French Revolution. It was an excellent thing that they got rid of Louis XVI, that was great. But then he was replaced by The Terror, Robespierre, the Jacobins, and the Directorate. It became much, much worse than it was under Louis XVI, and then, they were replaced by Napoleon, which was a military dictatorship. So it wasn’t until Napoleon was gone that France once again became a free country. I think that’s going to happen in the U.S., and I think it’s going to follow that path." Doug Casey added
David Morgan :........., gold started to go parabolic similar to what silver had done earlier in the year. And as that was taking place from roughly the $1,550 level, all the way up to the $1,900 level, I was concerned, not fundamentally on gold or silver, but technically. And sure enough gold got over bought on a temporary basis. I'm not saying that it's not worth more than $1,900 - surely it is - it's just in the time frame or in the context in which it got to $1,900 concerned me, technically. Sure enough gold sells off - well when gold sold off silver was hanging around the $40 level and then got whacked right along with gold and moved from around $40 all the way down to under $30 temporarily. And since that time until now - the end of the year, what we're seeing is silver has built a base above the $30 level and continues to do so.- in mineweb interview
Silver guru David Morgan who predicted recently that he sees Silver doubling in price in 2012 ( going to $60/oz) is interviewed by Max Keiser on the volatility of silver and the manipulation of the gold and silver prices by bankers and central bankers worldwide in order to prop up their ponzi fiat currencies that they can print into oblivion. .. Personally I look at the price of gold relative to other committees, food and real estate. I only care about the dollar value when I want to buy some.A sound investment will pay for itself many times over. Trouble today is too much debt hinges on nothing of the sort. This debt must fall. It cannot be held up. It is a physical impossibility for its collapse to be indefinitely delayed. Better now than later because Glass-Steagall in fact is inevitable.
Bill Murphy of GATA explains why to understand the gold and silver markets it is fundamental to know what GATA knows and be familiar with the gold price suppression scheme. How outstanding gold loans and massive paper gold shorts have distorted the market and how this is now unravelling.Gold is finite, a limited amount exist today. When its all been bought up and the price per ounce is beyond what people are willing to pay for it, the price will drop dramaticly. Just like what happened to the Hunt brothers in the early 1980's with them trying to corner the silver market. They bought great amounts of silver trying to create a false rise in prices per oz. The silver market did the opposite of what was planned and the price per ounce crashed. They end up with nothing but silver.
Bill Murphy interviewed by Kerry Lutz on January 3rd 2012 : Bill Murphy is a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities. Bill Murphy believe that at some point Gold prices are just going to explode so hoard as much physical gold as you can
Gold Back Above $1600 again , does this mean that Gold bottomed and is ready to start rallying in 2012 , gold is up more than 2% . Experts Dennis Gartman, The Gartman Letter. Coffee stocks are also on a tear. And Rebecca Patterson, JP Morgan Asset Management, discusses the Gold prospective for 2012 and the euro's rise against the dollar.
Peter Schiff : ...it's not necessarily default. it's the fact the governments are going to pay but it's how they're going to pay. they're going to pay it by printing money. I think the U.S. is a bigger disaster than Europe, but all the central banks, the U.S., the ECB, the bank of Japan, bank of China, everybody is printing too much money. everybody has rates too low, and the world is looking for an alternative to currencies, not just the dollar or the euro, but the world -- people are going back to real money and not enough people have made that switch. most people are still clinging to the idea that there's a safe haven somewhere in currency. there is no safe haven in currencies. if you want to protect your wealth, if you want to store purchasing power, you can't do it in a currency. you need to own gold and most people are still clueless about that. and a lot of central banks still need to buy gold. if you look at gold as a percentage of reserves, it's near record low. , central banks have a lot of gold to buy - in CNBC
The rising dollar has pushed gold back into bear territory. Discussing how to make money now in the precious metal, with Peter Schiff, Euro Pacific Capital, Peter Schiff says that he is more bullish on gold than ever before that the fundamentals look great now after this pull back and that Gold is the best investment in 2012 : "personally I have been buying particularly in the mining stocks which i think have a lot of value. i was very bullish on gold for 2011. this time 2010. and for most of the year we had a very strong market. i didn't anticipate the extent of the decline towards the end of the year, although that makes me even more bullish for the prospects for gold for 2012. i think the fundamentals have never been better for gold and i think prices are going a lot higher" says Peter Schiff "i still think it's headed higher. i'm not really sure when you talk about the turnaround, i don't think that the correction we've had in the last few months has turned the bull trend. i think we're still in a bull market. i think that trend is going to continue. the question is, is the correction over. i don't think there's much more left in the correction, and you guys were talking earlier in the show about shorting the euro. i think that trade is going to reverse. there's too many people short the euro. it's crowded, it's too simple, and i think people are going to lose money in that trade and i think not enough people are in gold." he added " it's under owned. it's probably the most under owned investment asset out there. i have spent a lot of time speaking with institutional investors. we have a new institutional division and we have been talking with a lot of pension funds and hedge funds. it's absolutely shocking how few gold is actually owned in these huge portfolios" Peter Schiff explained
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.
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
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
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!
I would rather have a bubble inprecious 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.
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
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 : 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
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...