In the beginning of this century there were signs that Rothschild was starting to pull back from gold. With the announcement of Lord Jacob Rothschild that his "investment vehicle" RIT Capital Partners "has ridden the rally in gold prices but will now incrementally sell down" many observers were led to believe the ancient house was abandoning the precious stuff. Jacob Rothschild stated in 2011:
"There is I believe a growing awareness of the dangerous position which confronts many countries, particularly those in the developed world. In spite of these concerns, we continue to take advantage of areas that we believe are attractive, but we will remain cautious in terms of the quantum of capital that we allocate".
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
Wednesday, January 30, 2013
Monday, January 28, 2013
HSBC Purchases $876 Million Worth of Silver
HSBC Purchases $876 Million Worth of Silver
Capital Gold Group is a BBB Accredited Business. Listeners are welcome to receive a free precious metals guide by going tohttp://www.startwithgold.com/gold-guide/ or call 1(800)510-9594. If you'd like to listen to the rest of the show, visit StartWithGold.com to subscribe to the podcast.
Silver has now rallied for 7 days due to the flood of inflows into silver backed ETF's and investment demand for coins and bars internationally. Analysts polled by Reuters expect silver to rise in 2013. This has helped silver prices rally over 6% so far this year and 4.5% last week alone. The close above $32/oz yesterday was bullish technically and could lead to silver testing the next level of resistance which is at $34/oz. The U.S. Mint has sold out of 2013 American Eagle silver coins and will resume sales the week of January 28 when the US Mint said inventory would be replenished.
Friday, January 25, 2013
Jim Rogers : Gold is consolidating now, a well-deserved consolidation
Jim Rogers : “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.”
Friday, January 18, 2013
$300,000 Gold Nugget Found in Australia
Hi, I'm trying to decide between getting a Pulse detector and a Gold Bug II (Also there is the new "Gold Bug Pro" I think it's called - is that better than the "Gold Bug II"? - They are still available on eBay). I like gold detecting but not sure exactly where - in the water or on the ground - I don't mind digging
Thursday, January 17, 2013
David Skarica: 2013 will be the year of The break out for Gold Price
David Skarica: From a technical perspective, in mid-2011, we had a big spike in gold prices over $1,900/oz. We are now in the second longest consolidation of the gold bull market. The only one that was longer was the 2004–2005 consolidation, and that was longer by only a couple of months. Technically, a spike high followed by a sideways trading range that builds the base between $1,530/oz and $1,650/oz is a positive development. As the saying goes, "The longer the base, the more the space." It could also be called a "coiled spring." The longer we trade sideways, the bigger the break out should be. I don't anticipate new lows. It appears that we are nearing the end of the base and, though I don't want to sound like an out and out goldbug, I believe the breakout will be huge when it happens.
One driver of the breakout, which no one is really talking about, is what's going on in Japan. Japan has now decided to devalue and print for the first time in 20 years. It is going to print more money than the US and Europe combined, even though it is a much smaller economy. That third nation of money printing—counting the Eurozone and the European Central Bank as one nation—is going to be phenomenal for the price of gold. Now you just have to be patient. I don't know if this breakout is going to start in March, June, September or December, but I really think that 2013 will be the year that we will break out. If you're looking at a price target, I'll just use the easy price target of $2,000/oz by the end of the year.- in goldnews bullionvault
Labels:
David Skarica
Friday, January 11, 2013
Marc Faber : Gold may Correct but it is not in a Bubble
Marc Faber : "It's nowhere close to that stage," he says. And even though he's already sitting on a huge gain, he won't take any profits. Why? "I keep a picture of Mr. Bernanke in my toilet, and every time I think about selling my gold, I look at it and I know better!"
Wednesday, January 9, 2013
Gold futures retreat after recent gain
Gold futures slipped Wednesday, pulling back after a sizable gain in the previous session, as a stronger dollar and a climb in U.S. equities lured some investors away from the precious metal. - in Market Watch
Thursday, January 3, 2013
Gold, Silver slip as Fiscal Cliff euphoria recedes
"Precious metals, including gold, [were] able to profit from the euphoria among market players in the wake of the compromise reached in the US budgetary dispute," says today's commodities note from Commerzbank. - via mineweb
Subscribe to:
Posts (Atom)
