John Embry & James Turk on The Gold Market Attack

John Embry -- Chief Investment Strategist at the Canadian firm Sprott Asset Management -- discusses the recent correction in the gold and silver price with James Turk, Director of the GoldMoney Foundation.Here two clear leaders Embry and Turk are at their most comfortable base of expertise, knowledge and experience - priceless.

1) The spot price is the price at which physical metal trades. GoldMoney buys metal at the spot price from reliable refiners and dealers, which it then sells to its customers. GoldMoney will always use the price at which physical metal trades, not any prices at which the paper market trades.

2) Given the growing importance of Asia in the market for physical metal, it is likely that the HK Merc could become an important player.

Gold Reached Support Level at $1,520

Jonathan Barratt, managing director at Commodity Broking Services tells his forecast for the price of gold and gives his views on gold prices and the Outlook for Gold Price. What's really is driving gold? Is it fear or demand? what will happen to gold prices if the eurozone implodes ? Jonathan Barratt, Founder, Barratt's Bulletin says gold has reached a major support level at $1,520.

Gold Drops to New 2012 Low : a Historic Buying Opportunity

"It's not over," says Louis James, chief metals & mining strategist of Casey Research. James believes that markets fluctuate, and investors follow to find opportunity. Gold has been regarded as a currency for all of recorded time. To bet against it in favor of the printing press scrip being served up by global central banks is pure folly.
"an ounce of gold would buy you a good suit." That remains a decent truth though the quality of tailoring has varied of late. The point is that gold isn't a speculative bet, but a store of value. "To speculate you buy the gold stocks," he says, but if you want to own something you're sure will have absolute value regardless of the markets, keep your money in bullion. "If gold isn't working right now you need to look on it as a buying opportunity." He said

Gold : We are at the End of a Correction says John Hathaway

We are at the End of a Correction says John Hathaway he says that he won't be surprised if we revisited the highs of $1900 and may be even new highs of $2000 this year , Ben Bernanke will soon announce new quantitative easing which is going to be bullish for the gold prices but that might not be the only reason for gold to rise , as gold has been rising many years before we even heard of Quantitative Easing says John Hathaway

Buffett Is Wrong, Gold Prices Will Soar as European Austerity Dies

Warren Buffett is reiterated his stance against buying Gold, after famously mocking the notion in his 2010 annual letter. He noted that the metal had no utility and, that being the case, no value as an investment."Last time we talked, last September or October, you asked what I thought, and I was bullish," "Now it's $1,660, and I'm still bullish. I'm more bullish than ever." Jared Dillian, author of the book Street Freak and the Dailydirtnap.com newsletter told Yahoo Tech Ticker

James Turk - Goldseek Radio - 1st May 2012

James Turk - Goldseek Radio - 1st May 2012 - James Turk : "Inevitably we're going to go back to gold. Gold's going to return to it's traditional and rightful role at the center of global commerce when this bubble pops. And what is this bubble? It's the fiat currency bubble."
"Only safe way to play it is hold a tangible asset for your money and that means owning gold or silver."
"In a world of floating currencies they bob up and down relative to each other depending on central banks relative to each other...you should be measuring the dollar the euro and other currencies of the world... by gold."
"All fiat currencies are on a fiat currencies are just on a downward path. They bob up and down against each other but they're all sinking relative to gold itself."

James Turk has specialised in international banking, finance and investments since graduating in 1969 from George Washington University with a B.A. degree in International Economics. James Turk has written several essays and numerous articles on money and banking, much of which can be found on his Free Gold Money Report website. He is the co-author of The Coming Collapse of the Dollar (Doubleday 2004), which has been updated for a paperback version entitled The Collapse of the Dollar. James founded GoldMoney together with his son Geoff Turk in 2001.

Peter Schiff : Gold Is A Reserve, Gold Is An Asset

Peter Schiff : I don`t think gold is a reserve currency. Gold is a reserve, gold is an asset. Currencies need to be backed by something.

Jim Rogers Still Bullish on Gold

Jim Rogers : “… if Gold gets to $1100 or $1200 or $1300, I would hope I’m smart enough to buy more. I don’t know if it’s going to go there or not. I may buy it at $1850 if war breaks out with Iran. It depends on what happens in the world. What I said was that it won’t surprise me if gold goes down much lower; that’s normal for the way markets work. And if it goes there, I hope I’m smart enough to buy more. But if it goes to $1,550, I would probably buy more. Just depends on what happens.”
“It really doesn’t change my view… as if you think some government statistics — which are wrong at late — would affect anything in my investment world. No, I don’t even know or pay attention to such things.”
“… since China doesn’t publish too much about it. But I know that China has got a campaign encouraging the Chinese citizens to own gold. I know shops have sprung up everywhere. And the good banks are now offering gold everywhere. So there’s been a huge change in China in the past five years. And whatever they’re producing, I presume most of it they’re selling to themselves. They know that gold consumption has gone up a lot in China. They claim that they’re the largest producer of gold in the world now. I have no reason to doubt that claim. Lots of dramatic changes have taken place in China versus gold in the last few years.” - in ETF Daily News

Peter Schiff : The Next Big Move In Gold Will Be Up

Peter Schiff : " The bottom line here is gold is headed much higher and the next big move in gold will be up. People who speculate are betting on a huge drop in gold. That’s what the gold stocks are forecasting. They are forecasting a precipitous decline." - in Kitcomm

Simon Black : Most Favorable Era For Gold Prices In Our Lifetime

"Most Favorable Era For Gold Prices In Our Lifetime " So states Simon Black aka "The Sovereign Man" , who travels the world (over 20 countries in the past 3 months) in order to assess and report on the investment and lifestyle opportunities offered by various international destinations for the readers of his blog, Simon Black (aka the International Man) wrote, I have been spending a lot of time this week talking to my sources in China, one of whom is inside one of the countrys sovereign wealth funds (SWF). He also indicated that the SWF analysts were working around the clock trying to put deals together. For China it is a race against the clock for how fast they can convert their $2 trillion in USDollar holdings into strategic assets, namely oil and gold. At todays deflated prices, putting together a really good billion dollar deal is a difficult thing to do. Putting together 2000 of them is impossible. Doing it before the dollar collapses? Not a Chinamans chance. And they know it.

Ron Paul on Gold Standard & Paper Money Moral Hazard

"I want a market economy," says GOP presidential candidate, Ron Paul " what I want is a market economy. I don't want the dependency as a matter of fact, that's the big disadvantage of paper because of the moral hazard. if we get into trouble, we always know the lender of last resort. it was set up for that reason. the lender of last resort gambled , do anything, take risks, the government's insurance. so they get into trouble. but if they get into trouble, they shouldn't come and rescue the economy. they shouldn't be bailing out general motors in these trillions of dollars in both the fed and congress, that was set up. And i complained about that for ten years. you know, this line of credit of fannie mae, freddie mac. and they overdo things. they overinvest. a lot of times they talk about the inflation, about the price level. But really the biggest problem with inflating the money supply and giving you artificially low interest rates is the mal investment..."