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Can You Anticipate Gold To Hit $1,500 & Silver $50 Quite Soon, Probably As Early As Summertime?
Yes, I believe that you can anticipate gold to hit $1,500 and silver to hit $50 extremely quickly, perhaps as early as this summertime. Now would be an excellent time for you for making investments in gold and silver. Buy precious metals now.
FOR IMMEDIATE RELEASE
Governments have in turn cherished it, hated it and now are beginning to adore it again. It’s what it is purported to signify that leads to all the fuss. Just take a look at the factors put forward by some regarding why it’s rising in price and Read more…
Silver, gold gain on fast-changing global events
Silver and gold prices are climbing as developing crises from Portugal’s financial problems to uprisings in the Middle East are prompting investors to buy more stable assets.
Silver for May delivery rose 2.6 percent Wednesday to settle at $37.198 an ounce. Gold settled up $10.40 at $1,438 an ounce.
Investors are nervous as they monitor fast-changing global events.
In Portugal, lawmakers are poised to vote against more austerity measures for the debt-stressed country. Meanwhile violence in the Middle East and North Africa is raising concern about oil supplies.
The uncertainty of how those events will play out is supporting both precious metals, which have the reputation of being safer assets to hold during turbulent economic times.
Energy prices were mainly higher. Bean and grain prices fell.
Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More
While it will not come as a major surprise to most, according to senior BOE individuals and Wikileaks, Iran, as well as Qatar and Jordan have been actively purchasing gold well over the amount reported to and by the IMF, in an accelerated attempt to diversify their holdings away from the US dollar. “Iran has bought large amounts of gold in the international market, according to a senior Bank of England official, in a sign of how growing political pressure has driven Tehran to reduce its exposure to the US dollar. Andrew Bailey, head of banking at the Bank of England, told an American official that the central bank had observed “significant moves by Iran to purchase gold”, according to a US diplomatic cable obtained by WikiLeaks and seen by the Financial Times.” The reason for Tehran’s scramble into gold: “an attempt by Iran to protect its reserves from risk of seizure”. The misrepresentation of Iran’s holdings could be so vast that Iran could possibly be one of the largest holders of goldin the world. “Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, and is among the Read more…
Time to Trade Stocks and Silver for Gold?
Market professionals and experienced investors consider it to be common knowledge that silver has more real-world uses than its precious metal sister gold. Silver is used in coins, photography, batteries, bearings, electronics, and mirrors. Silver also aids in numerous medical applications and even contributes to helping capture and use solar energy. The Silver Institute describes “silver uses” as follows:
Demand for silver is built on three main pillars: industrial and decorative uses, photography, and jewelry & silverware. Together, these three categories represent more than 95 percent of annual silver consumption. In 2007, 455.5 million ounces of silver were used for industrial applications, while over 128 million ounces of silver were committed to the photographic sector, 163.4 million ounces were consumed in the jewelry market, and 58.8 million ounces were used in the silverware market.
Why is this indispensable metal in such demand? The reasons are simple. Silver has Read more…
The Rule of Gold after the Financial Collapse
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“You can own silver and gold but never any fiat currency issued by someone else”
Peter Cajander
 In a secular world, the operative “Golden Rule” is “He Who Has the Gold Makes the Rules”. The condition of the global financial banking system is untenable. The aggregate amount of debt worldwide is anyone’s guess. The introduction of derivatives and counter claims pushes the chain of obligations into the unknown. All that is left is for central banks to create mountains of uninterrupted counterfeit money to roll over and delay the inevitable. The IMF chart of World Currency Reserve is a skyrocket line to oblivion. It does not reflect a healthy stockpile of treasure, but certainly manifests a new debt machine running to infinity. The Bullion Vault explains this reality in the following manner.
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The Sprotts Expect Silver to Keep on Sizzling
Sprott Money executives Eric Sprott (chairman) and Larisa Sprott (president), sing the praises of the “poor man’s gold” in this exclusive interview with The Gold Report. “All the data supports the thesis that silver is undervalued,” says Eric—who serves as chairman of Sprott Inc., as well as CEO, CIO and senior portfolio manager of Sprott Asset Management LP. “We’ll certainly see a three-digit price,” he adds. Larisa explains how the company’s business model differs from others in the space and reveals plans to open Sprott Money USA within the year.
The Gold Report: Your Markets at a Glance commentary last November said it seemed unlikely that silver would stay under $30 for long. Four months later, the spot price is about $35. Are you surprised by how quickly your prediction came true?
Eric Sprott: Read more…
**ALERT*** FAKE Silver Coins/Bars/Ingots ARE on the market in U.S.!
**ALERT** FAKE Silver Coins/Bars/Ingots ARE on the market in U.S.!
I had posted about how Tungsten is up 70% in the last year and inserted a video showing fake gold and a video with David Morgan of Silver-Investor discussing fake gold and silver. Last week during the interview David Morgan did with me, he talked about fake gold and silver possibly being on the market, besides other information about it. He also said in the interview, if there will be any fake silver coins they will fake the old coins and not new ones. WOW – he got that one exactly right!
Gold has been a given in regards to possibly being fake due to the price of it! It is well worth an organization (ie: Fed, govt) to fake besides the price, they are pretending there is much more gold than there really is.
With silver, the cost of faking it compared to the cost of the metal itself has Read more…
Silver Reaches New 30-Year High!
Silver reached a new 30-year high today of $32.87 per ounce up 89% since NIA declared silver the best investment for the next decade on December 11th of 2009 at $17.40 per ounce!
The gold/silver ratio is now down to below 43. NIA predicted a sharp decline in the gold/silver ratio both in its top 10 predictions for 2010 at 64 and in its top 10 predictions for 2011 at 46. We believe the gold/silver ratio will decline to at least 16 within the next few years, but it could decline to as low as 10. It wouldn’t surprise us to see gold reach $5,000 per ounce in 2015 and silver reach $500 per ounce at the same time!
NIA’s President Gerard Adams publicly exposed JP Morgan’s silver naked short selling price suppression scheme in Read more…
China top bank sees explosive growth in gold demand and voracious appetite for silver
SHANGHAI (Reuters) –
Demand in China for physical gold and gold-related investments is growing at an “explosive” pace and its appetite for the yellow metal is poised to remain robust amid inflation concerns, said an Industrial and Commercial Bank of China (ICBC) executive.
ICBC, the world’s largest bank by market value, sold about 7 tonnes of physical gold in January this year, nearly half the 15 tonnes of bullion sold in the whole of 2010, said Zhou Ming, deputy head of the bank’s precious metals department on Wednesday.
“We are seeing explosive demand for gold. As Chinese get wealthy, they look to diversify their investments and gold stands out as a good hedge against inflation,” Zhou told Reuters.
“There is also frantic demand for non-physical gold investments. We issued 1 billion yuan worth of Read more…
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