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The Global Physical Gold & Silver Reserves Race is the New Nuclear Arms Race
The old Cold War USA-USSR nuclear arms race has been replaced by the new East-West Central Bank battle to accumulate physical gold and physical silver reserves. While Western Central Banks and their puppet bullion banks have distracted and goaded private citizens with the invention of fraudulent bogus paper gold and paper silver derivative products, including ETFs more recently, and paper futures contracts for a much longer period of time, they themselves have been making sure to avoid the very fraudulent paper products they have invented and have been diving headfirst into real physical precious metals.
As Central Banks continue to significantly devalue all major global currencies through excessive creation of new supply out of thin air in a digital world where “new money” is never even printed into paper/cotton form but only is created as digital bytes that are sent across international borders, the private families that are the majority shareholders in the world’s most powerful Central Banks have engaged in heavy buying of Read more…
Poor Man’s Gold is Breaking Out — Sell Your House and Buy Silver?
Investors have pushed silver above the recent channel high at around $39 or so per ounce and I fully expect a retest of $50 if any more talk is given about QE3 — Silver rises because of the rising digital money supply, not from speculation. Owning cash is speculative whereas owning metals is conservative or a safe haven at current prices.
Many people will tell you that silver and gold are in a bubble but the fact is that commodities in general are one of the only asset classes that work here because the consolidated banking system is holding our economy hostage and Bernanke is solely focused on saving the banks. Right now, shorting European banks and going long silver and gold looks to be about as good of a “trade” as possible — investors are essentially betting that Europe will face massive credit problems because of the obvious insolvency of Greece, Italy, Portugal, Spain, and Ireland.
The next shoe to drop is the US… We are facing the exact same issues as Read more…
Silver shines bright, to climb steadily in second half
SINGAPORE/MUMBAI: Silver prices, deeply dented but unbroken by a rout in May, will climb steadily through the second half of the year as investors buy the metal as an alternative to expensive gold.
Despite a swoon following a 60 percent rally to a peak in April, silver continues to lead the precious metals complex with a gain of 24 percent so far this year, outstripping gold’s rise of 11 percent, and retains allure for inflation-wary investors.
Silver , notorious for its price volatility, stung many investors with a drop of 33 percent over six sessions in early May from a record of $49.51 an ounce on April 28.
Silver prices have held above $32 since mid-May, and are set to move higher in Read more…
Paper Markets Are A Joke: Prepare for Bullion Prices to Go Supernova
“I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is Read more…
Buy silver if price drops: Jim Rogers
Global commodities guru Jim Rogers says that Silver remains the hottest commodity these days. Despite the current downtrend in commodities in the recent weeks, the bull market in the sector is still intact, Rogers said.
In an interview to IndexUniverse.com, Rogers who is regarded as the most authentic voice on commodities investing in the world said that the downtrend in commodities is nothing unusual.
“This is the way the world works. If you look at oil, for instance, it has gone down over 50% three or four different times since 1998. That’s what markets do, and they will Read more…
Gold Rises As Greek Parliament Approves Austerity
Photo: Mike Herpel.Gold traded higher for a second day on word that the government of Greece will accept austerity measures despite the overwhelming rejection of the IMF and EU plan by the Greek people.
“By now we think (the Greek vote) should be priced and the gold price shouldn’t react to a large extent if the austerity package is really approved later in the day,” Commerzbank analyst Daniel Briesemann told Reuters.
Reuters reported that its 19-commodity index rose 1.7 percent on Tuesday, the most significant daily rise in nearly six weeks, driven primarily by the news from Greece.
In addition to boosting gold, the news pushed the euro up over the dollar. Speculation that the Greek crisis will not stop the European Central Bank from raising interest rates next week also contributed to the fall of the dollar, according to Bloomberg. The ECB raised Read more…
ALEX JONES SHOW 22 JUNE 2011 LINDSEY WILLIAMS BOMBSHELL
Gold Should Break $1,600, Silver Near $50 by Year End –GFMS’ Newman
Gold should trade to just over $1,600 an ounce by the end of 2011 and silver should be flirting with $50 an ounce as governments will need to maintain a loose monetary policy despite the phasing out of stimulus packages in the U.S., according to the director of a major research firm.
Philip Newman, research director of GFMS, said in an interview on the sidelines of the International Precious Metals Institute’s Precious Metals Conference here there may be too much focus in the markets on the second quantitative easing versus a possible third program.
“I think irrespective if there is no QE3 that comes into the market, the U.S. governments and all other governments frankly, in a sense, still have to maintain fairly loose monetary policy given how slow or how stubborn the rise in GDP growth has been and continues to be,” Newman said.
He said that even though at times there might be a healthy increase in GDP growth, the underlying economy still has unemployment rates that are still stubbornly high.
“So, if you have that background then, the outlook for inflation remains fairly Read more…
Gold Price Nears $1,550, Time for a Gold Standard?
GOLD PRICE NEWS – The gold price, at $1,542.50 per ounce, traded near unchanged Monday morning despite modest strength in the U.S. dollar. While gold prices were flat, silver advanced higher by 1.5% to $36.79 per ounce. Global equity prices have been under pressure over the past month with the S&P 500 falling for five consecutive weeks. Weak data points in housing, manufacturing, and labor have all combined to heighten worries over the prospect of a double-dip recession. Precious metals, notably gold, have benefited from their safe haven qualities as investors seek to lower their risk profiles.
The strong performance of the gold price in recent years has led to a growing collection of calls for the United States to return to a gold standard. Steve Forbes, the billionaire CEO of Forbes Inc., wrote a piece in Forbes Magazine urging candidates for the 2012 U.S. presidential election to consider returning to some form of gold standard to support the value of the U.S. dollar.
Forbes began the article by stating that “Monetary policy is one of Read more…
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