Thursday, August 19, 2010

Gulf Oil Spill Update Day 122

Adm. Thad Allen has latest on oil clean-up operations

Robert Kiyosaki Interview : Building and Sustaining Wealth

Robert T Kiyosaki talks about paying the price to be rich on the Philippe Matthews Show -

Mortgage Stimulus for Housing ?

Does the housing market need more stimulus? Insight with Rep. Jeb Hensarling, (R-TX); Ronald Kruszewski, Stifel Nicolaus and CNBC's Hampton Pearson.



SILVER to rise to $436/oz and Beyond.

Esteemed economist John Williams from shadowstats.com and Peter Schiff discuss the merits of owning precious metals. Gold and silver as a hedge - as an insurance policy - against the increasingly certain, impending economic apocalypse. Williams cites $7,500 as being the CPIU inflation adjusted actual value of gold TODAY. $436/oz. is cited as the CPIU inflation adjusted value of Silver. Both agree the sky is the limit on precious metals as the Fed monetizes debt and the system as we know it begins to fall apart at the seams. God help us all. Buy silver and gold TODAY as some measure of protection for you and your family.

Wheat Prices Continue to Climb

Paul Penner, a wheat farmer and president of the Kansas Association of Wheat Growers, discusses what\'s behind the climb in wheat prices.




SEARCHING FOR ALIEN LIFE : Dr. Seth Shostak of SETI

Is there alien life in the universe - or does it only exist in science fiction?

Dr. Seth Shostak, the Chief Astronomer for SETI (the Search for Extra Terrestrial Intelligence) gives a funny and candid look on our fascination with aliens, and the real world efforts by SETI to find extra terrestrial life. Dr. Shostak looks both at our history of "looking for ET" as well as the current and future potential for first contact.

Dr. Shostak's speech was sponsored by the Beyond Center, an institute with the College of Liberal Arts and Sciences at Arizona State University.

As an asset bubble, gold may burst after reaching $2,000

Kunal Bose
Business Standard.com
August 18, 2010


Investment guru Marc Faber is a zealot when it comes to promoting the cause of gold. The publisher of the celebrated newsletter Gloom, Boom and Doom is at the same time rubbishing the dollar and currencies of countries which go on printing notes in attempts to stimulate their economies. The contrarian investor often referred to as Doctor Doom has got another equally controversial investor Jim Rogers to keep company in celebration of gold at the expense of currencies.

So is not Faber happy that his favorite precious metal gold has once again moved beyond the $1,200 an ounce resistance level after moving sideways for a while? What should be a cause of particular delight for Faber and Rogers is that their unbounded enthusiasm to make the public, going beyond the high networth individuals to see the virtues of regularly adding gold to the investment portfolios when the developed economies look wobbly is seeing its denouement.

We in India continue to buy gold mostly in the form of jewelery. Therefore, the Indian consumer demand for gold surging hugely in the first quarter of this year to 193.5 tonnes could not have drawn inspiration from exhortations of Faber and Rogers. The craving for gold jewelery here is so strong that the Indian womenfolk just needed some time to get reconciled to high prices of the precious metal before resuming buying and with some abandon. The World Gold Council says gold jewelery demand in non-Western countries will continue to recover from the first quarter level of 470 tonnes.
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