See why the predictions for $15,000 Gold and $1500 Silver are not such outrageous claims.
Now that you know there is a reason to get precious metals, you better do something about it!
Thursday, October 14, 2010
UFOs over Manhattan Discussion (14/10/2010)
MYFOXNY.COM - Jason Kendall, the NASA Jet Propulsion Laboratory solar system ambassador for New York City, and Leslie Kean, an independent investigative journalist, came to Fox 5 News to discuss the strange sightings over Manhattan this week. A number of people called the NYPD and teh FAA to report seeing shiny objects hovering and bobbing over the city.
USA To Confiscate Gold? - Mike Maloney at Silver Summit Asia Invest
http://www.goldsilverdvd.com Hi folks, just a short clip today about confiscation. This is one of the most common questions that Mike receives so I figured it would be a good one to upload. Always keen to hear you thoughts. Peace, Dan
Jessie Venture on The 9/11 conspiracy
Former Minnesota Governor Jessie Venture and FBNs Eric Bolling debate the events of 9/11.Former Minnesota Governor Jessie Venture discusses many of the nation's conspiracy theories.
Bill Murphy The gold market is underbought
Gold Special: Al and Bill Murphy of Gata discuss today's front page Wall Street Journal Article entitled "Gold Vaults to New High" Nice to have been right all these years!
Gold and Silver Prices Signal the Destruction of the Dollar
http://inflation.us/
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The Federal Reserve is Responsible for the last 2 Decades of Economic Turmoil
1. Beginning with the Savings & Loan crisis in 1990, each engineered crisis is growing in intensity and carnage. First, there was the Internet bubble crash then the Real Estate bubble meltdown and now we are at the footsteps of an unprecedented acceleration of price increases in food and energy.
In 2007, commodity prices soared when there was actually a slowdown in the global economy. There was no reason for commodity prices to go ballistic at that time, except for federal reserve intervention. The price of oil went from $78 to $147. High gas prices actually burdened the average US consumer with an additional "tax" of five hundred billion dollars.
That 500 billion dollar "hidden tax" was ONE of many reasons, we are IN the current Great (NON) Recession.
(The US Dollar Index is Worthless)
2. On CNBC they often point to the dollar index and state that a weaker dollar is good for the export economy. Currently US Dollar index looks bad - but it actually means nothing because it is being compared to other world wide fiat currencies undergoing massive debasement. Worldwide central banks, seem to be in a currency death dance, racing each other to the bottom in the name of international competitiveness.
Gold and Silver is the Only way to test the Strength of our Currency.
The dollar is weakening against other currencies but when compared against the price of precious metals and raw materials we can see THE THE TRUE VALUE OF A US FEDERAL RESERVE NOTE
(GOLD AND SILVER ARE NOT EXPENSIVE)
3. The truth is Gold and Silver prices are just Getting Started. If you pay attention the public is selling not buying gold (cash4gold commercial)
What happened during the Internet bubble? The average Joe was piling into tech stocks and many individuals were giving up there jobs to day trade full time
And we all know what transpired during the last death throws of the Real estate bubble. People were buying at the peak 3, 4, 5, 10 home and flipping every WHICH way to make AS LITTLE AS 20,000
The common JOE, BUYS into manias...When all your neighbors are hoarding and trading gold, and telling you real estate is a waste of time and money, it may be the time to look at diversifying some your investments out of gold and silver.
WHAT I SEE PERSONALLY IS
10 years of Real Estate Stagnation & Depreciation &
10 years of Gold & Silver Appreciation
4 (JOBS ARE NOT COMING BACK TO THE US)
TO QUOTE Dr. Marc Faber: "COMPANIES would be out of THEIR minds, with health care reforms, government interventions and the uncertainty about future taxes in the US, to even consider expanding in the US.
Corporations are expanding in China, India, Vietnam, Bangladesh, Africa and Brazil. The business world is an international place today, and if you run a corporation, whether you employ 50 or 10,000 PEOPLE, you can choose where you invest your money in terms of capital spending.
Where do you want to expand factories? If I employed people in the US, I would rather think of reducing the 50 employees RATHER THEN HIRING MORE.
Get Prepared & Sign Up for our Newsletter!
The Federal Reserve is Responsible for the last 2 Decades of Economic Turmoil
1. Beginning with the Savings & Loan crisis in 1990, each engineered crisis is growing in intensity and carnage. First, there was the Internet bubble crash then the Real Estate bubble meltdown and now we are at the footsteps of an unprecedented acceleration of price increases in food and energy.
In 2007, commodity prices soared when there was actually a slowdown in the global economy. There was no reason for commodity prices to go ballistic at that time, except for federal reserve intervention. The price of oil went from $78 to $147. High gas prices actually burdened the average US consumer with an additional "tax" of five hundred billion dollars.
That 500 billion dollar "hidden tax" was ONE of many reasons, we are IN the current Great (NON) Recession.
(The US Dollar Index is Worthless)
2. On CNBC they often point to the dollar index and state that a weaker dollar is good for the export economy. Currently US Dollar index looks bad - but it actually means nothing because it is being compared to other world wide fiat currencies undergoing massive debasement. Worldwide central banks, seem to be in a currency death dance, racing each other to the bottom in the name of international competitiveness.
Gold and Silver is the Only way to test the Strength of our Currency.
The dollar is weakening against other currencies but when compared against the price of precious metals and raw materials we can see THE THE TRUE VALUE OF A US FEDERAL RESERVE NOTE
(GOLD AND SILVER ARE NOT EXPENSIVE)
3. The truth is Gold and Silver prices are just Getting Started. If you pay attention the public is selling not buying gold (cash4gold commercial)
What happened during the Internet bubble? The average Joe was piling into tech stocks and many individuals were giving up there jobs to day trade full time
And we all know what transpired during the last death throws of the Real estate bubble. People were buying at the peak 3, 4, 5, 10 home and flipping every WHICH way to make AS LITTLE AS 20,000
The common JOE, BUYS into manias...When all your neighbors are hoarding and trading gold, and telling you real estate is a waste of time and money, it may be the time to look at diversifying some your investments out of gold and silver.
WHAT I SEE PERSONALLY IS
10 years of Real Estate Stagnation & Depreciation &
10 years of Gold & Silver Appreciation
4 (JOBS ARE NOT COMING BACK TO THE US)
TO QUOTE Dr. Marc Faber: "COMPANIES would be out of THEIR minds, with health care reforms, government interventions and the uncertainty about future taxes in the US, to even consider expanding in the US.
Corporations are expanding in China, India, Vietnam, Bangladesh, Africa and Brazil. The business world is an international place today, and if you run a corporation, whether you employ 50 or 10,000 PEOPLE, you can choose where you invest your money in terms of capital spending.
Where do you want to expand factories? If I employed people in the US, I would rather think of reducing the 50 employees RATHER THEN HIRING MORE.
Bob Chapman : The Gold Rally just started
BOB CHAPMAN-Dr Deagle Show 13 Oct 2010
Bob Chapman wrote on The international forecaster of 13th Oct 2010 : " What is the Fed doing with paper, Fed liquidity in question, the dollar will fall, no exit strategy for the crisis to come, worst areas still unregulated, forecasting strong gold and silver for the next four months, real inflation already a threat, IMF fails to deal with currency frictions.
The question keeps swirling around regarding the Fed and just how much Treasury paper they can buy from the market under current rules. Our guess is about $1.7 trillion. A good part of that may well be in notes, which will probably keep long dated rates low. On the other hand they may increase the current limit, and buy everything in sight. That probably means the 10-year T-note could fall from its current level of 2.50% yield to 1.5% yield and mortgages, as we stated before could fall to 3.38% on the 30-year fixed rate loan. This kind of spirited buying would tend to crowd out other buyers forcing them into corporates, foreign bonds, commodities and gold and silver, as well as back into the stock market. This kind of policy means major monetization, higher inflation and perhaps eventually into hyperinflation. Needless to say, this is a very dangerous game. A plunge into a monetary no man’s land. The liquidity that will be set loose in the POMO market will be enormous and the avalanche will begin early next year and it will cause asset price inflation. These antics will also suppress the value of the dollar forcing a test of 71.18 and perhaps breaking that long-term support level...."
read more >>>>
Mike Maloney : Gold could hit $15,000
Mike Maloney : Gold could hit $15,000 Mike Maloney a Rich Dad advisor sees gold as a great investment as well. In 6,000 years over 4,000 currencies have FAILED!! GOLD has never done anything but increase in value over time!! Every family needs to START SAVING GOLD NOW!! The future of the US Currency is not looking good at all right now, so saving GOLD only makes good business sense!!
Silver Bullion Is Dirt Cheap - Mike Maloney and David Morgan on Silver Investing
Mike Maloney and David Morgan on Silver Investing
Hi folks, here is a clip of Mike and David Morgan at the press conference for Silver Summit Asia. Check out David's site: http://www.silver-investor.com The question was "Why do you say that silver is dirt cheap?". Some great stuff in their responses. I love David's analogy of the birds changing direction. Anyhow, apologies for the lack of posts this past couple of weeks...we've been in Dallas, Phoenix and LA filming some more stuff for future productions. The gold and silver film is at the translators right now, stay tuned for news on that. Mike and I filmed the responses to the YouTube video questions today, thanks to all those that made videos. Second trailer for the film will be out on Tuesday coming. Subscribe if you're digging this channel, welcome aboard.Asia Shares Rise on Metals
In today's market report... the U.S. dollar tumbled against a basket of currencies. There's a growing expectation among traders that the value of the dollar will continue to drop and metals prices will soar.
Today, the U.S. dollar hit a 28-year low against the Australian dollar and continued to struggle against the euro and yen.
The Australian dollar gained on its high yield and link to commodities like copper and gold.
Separately, Singapore's central bank said it would slightly increase the trading band for the city-state's currency. The Singapore dollar hit a record high, while the dollar stood at its lowest level against the six major currencies in 10 months.
Even with the dollar's tumble, Asian share markets rose, led by resource stocks.
Japan's Mitsui Mining gained as gold hit a new record high and copper hit a 27-month peak, while Australian mining giants Rio Tinto and BHP Billiton rose.
Today, the U.S. dollar hit a 28-year low against the Australian dollar and continued to struggle against the euro and yen.
The Australian dollar gained on its high yield and link to commodities like copper and gold.
Separately, Singapore's central bank said it would slightly increase the trading band for the city-state's currency. The Singapore dollar hit a record high, while the dollar stood at its lowest level against the six major currencies in 10 months.
Even with the dollar's tumble, Asian share markets rose, led by resource stocks.
Japan's Mitsui Mining gained as gold hit a new record high and copper hit a 27-month peak, while Australian mining giants Rio Tinto and BHP Billiton rose.
Foreclosure Fiasco
Home Repossessions Hit Record
Foreclosure FiascoOct. 14 2010 | Fresh data out today showing the number of homes seized by lenders is hitting record levels, with CNBC's Diana Olick.
Will Commodities Surge Continue?
Thurs. Oct. 14 2010 | 11:00 AM ET
Discussing inflation in the commodities sector, with Michael Pento, Euro Pacific Capital, and Dennis Wassung, Cabot Money Mgmt.
Discussing inflation in the commodities sector, with Michael Pento, Euro Pacific Capital, and Dennis Wassung, Cabot Money Mgmt.
Will Commodities Surge Continue?
Thurs. Oct. 14 2010 | 11:00 AM ET
Discussing inflation in the commodities sector, with Michael Pento, Euro Pacific Capital, and Dennis Wassung, Cabot Money Mgmt.
Discussing inflation in the commodities sector, with Michael Pento, Euro Pacific Capital, and Dennis Wassung, Cabot Money Mgmt.
OPEC Oil Ministers Meeting
Thurs. Oct. 14 2010 | OPEC likely to leave production targets unchanged, with CNBC's Steve Sedgwick.
Copper Demand Outpacing Supply
Oct. 13 2010 | On the back of rising copper prices, Damon Barber, CEO of CST Mining Group, notes that demand for the metal is outpacing supply. He sheds light on the industry, with CNBC's Bernard Lo.
Yen Reaches 15-Year High Versus Dollar
Oct. 14 (Bloomberg) -- http://www.bloomberg.com/news/2010-10...
The yen climbed to its highest level against the dollar since April 1995. Japan's Prime Minister Naoto Kan said excessive currency movements are undesirable and the government will take action if necessary. Bloomberg's Sarah Eisen reports.
The yen climbed to its highest level against the dollar since April 1995. Japan's Prime Minister Naoto Kan said excessive currency movements are undesirable and the government will take action if necessary. Bloomberg's Sarah Eisen reports.
Banks Seize 288K Homes in Q3,
Lenders seized more homes this summer than in any three-month stretch since the housing market went bust in 2006. But many foreclosures may be challenged in court because of allegations that banks evicted people without reading the documents. (Oct. 14)
UFO in NYC: Aliens or balloons in New York sky?
Crowds in New York have had their eyes to the skies - in an alleged UFO sighting. Dozens of videos posted online show passers-by seemingly staring at a group of unidentified flying objects in the sky over Manhattan. Adding mystery to the event is a prediction by a retired NORAD officer Stanley A. Fulham. In a recent book, he claimed that on October 13th - the day of the sighting - a fleet of UFOs would hover over the world's principal cities. Many witnesses insist that what they saw were, indeed, alien spaceships... while others say it looked more like a group of hot air balloons.
Gold hits record as Fed signal sinks dollar
Amanda Cooper and Jan Harvey
The Vancouver Sun
October 13, 2010
Gold surged to a record high at $1,367.65 an ounce on Wednesday and silver to a 30-year peak after the Federal Reserve signalled the U.S. economy may need extra stimulus, which hit the dollar.
Gold prices have rallied nearly 25 percent so far this year as investors turned to the metal as a haven from the effects of an increasingly loose monetary policy.
read more >>>>
The Vancouver Sun
October 13, 2010
Gold prices have rallied nearly 25 percent so far this year as investors turned to the metal as a haven from the effects of an increasingly loose monetary policy.
read more >>>>
Mark Bailey Silver better than Gold
DENVER (TheStreet) -- At the Denver Gold Forum, Minefinders CEO Mark Bailey reveals which metal he thinks has the most upside and why.
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