Tuesday, December 14, 2010

Marc Faber: Accumulate gold and keep it as cash

Sept. 24 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, discusses the outlook for the Chinese yuan. Faber, speaking from Chiang Mai, Thailand, with Deirdre Bolton on Bloomberg Television's "InsideTrack," also discusses gold prices and expectations for the Standard & Poor's 500 Index. Marc Faber. Simply the best.



I use gold like cash and silver as retirement money because it's SOOO undervalued since I don't plan to retire for a long time I have time for it to go up. In the mean time I love JP Morgan chase even more for keeping the price down.China may very well be a paper tiger because it has a potential mortgage crisis on its hands.  I also believe that China has a better economy than ours since it is now based on manufacturing instead of service like the U.S.
gold does not go up in value! It has and even more Silver intrinsic value. Prices of gold rise in Paper money but that is an illusion. Paper money is going down in value big time. Thats whats happening. The purchasing power of the middle class is getting destroyed worldwide, while the rich and their Partners in crime the Banksters get richer and richer. Such a system cannot be sustained! It has to end.

Marc Faber : I will never sell any gold !

Marc Faber - one of the few international economists who really knows what is going on in the world of today and maybe even of tomorrow! His advise: accumulate gold and hold on to it !

Gold & Silver Represent Freedom From The Matrix - Mike Maloney in Red Square

Gold & Silver Represent Freedom From The Matrix - Mike Maloney in Red Square 



10-best-home-based-business-Secrets-Revealed


the value of financial intelligence
that corporations spend first, then pay taxes, while individuals must pay taxes first that corporations are artificial entities that anyone can use, but the poor usually don't know how. According to Kiyosaki and Lechter, wealth is measured as the number of days the income from your assets will sustain you, and financial independence is achieved when your monthly income from assets exceeds your monthly expenses. Each dad had a different way of teaching his son.

Robert Kiyosaki The Secrets Of The Rich

Robert Kiyosaki The Secrets Of The Rich

Chile Gold mines - The environmental cost

The spending power of people from emerging economies is driving the price of gold up to record highs. but at what cost? A controversial mine in northern Chile could threaten one of the most fertile valleys in the driest area of the country. Lucia Newman reports.

Silver vs Gold

Gijsbert Groenewegen, founder of Silver Arrow Capital Management, talks about his investment strategy. He spoke with Matt Miller, Carol Massar, Adam Johnson and Dominic Chu on Bloomberg Television's "Street Smart." Alan Knuckman of Agora Financial also speaks. (Source: Bloomberg)

Bob Chapman on A Marines Disquisition December 09, 2010

Bob Chapman on A Marines Disquisition December 09, 2010




Use Gold, Silver & Copper Because No Man Made System Will Ever last - Mike Maloney


http://www.welathcycles.com The world gets a new monetary system every 30 or 40 years, and it's past time for a change.
Financial educator and precious metals expert Michael Maloney has made this observation, based on his extensive study of economic cycles, for years. We had the classical gold standard from 1871 until World War I, the gold exchange standard between the two world wars, the Bretton Woods international monetary system from 1944 until 1971, and since 1971, the entire world has been on the dollar standard.
"So we are already overdue for a new worldwide monetary system," Mike says, "and this is a normal thing. It will be this way as long as governments don't allow the free markets to work."Words of wisdom! Governments meddle so as to give an illusion of wealth, importance or significance it seems. Try as they might though, silver and gold are historical benchmarks for all the things governments try to conger from thin air.It can happen at anytime. I ll just predict this decade or sooner. There going to print it slowly destroying the dollar. Will get cut to 40 and the world then will realize the reserve currency will be left.

Daily Forex Market Update by Ashraf Laidi - December 14, 2010

Ashraf Laidi discusses USD stabilization, previews the FOMC, Tankan, Riksbank, Norges, EURUSD, GBPUSD, EURGBP

Bob Chapman - Gold 1650 Silver 40 - outlook 2011

Robert Chapman - Forecast on PM - Q4 - Q1 2011

David Morgan - It Is Time To BUY Gold & Silver!!!!!!

According to Morgan, we are on our way to a crisis. You need to buy your OWN gold and silver. Don't buy into a silver stock. You need to buy your own gold and silver.
Think about it. Wouldn't it be AMAZING if you had a garage full of gold and silver assets? Here's your opportunity to partner up with Chris Smith in an opportunity of a lifetime.



my 2 favorite:

gainesvillecoins AND apmex

$27.50 above spot for mint condition .999 1 oz. gold bullion.

$50 over spot for mint eagles

apmex is a great business and website experience. I dont believe you havent heard of them. Wow!

dont buy from anyone that is not upfront about their spot pricing or from numismatic rare or old coins dealer. they are nothing but con artists and so is anyone selling $100 over spot for an ounce of gold.

The Swiss Franc One of Strongest Currencies

Dec. 14 2010 | ”The Swiss franc is still one of the strongest currencies in the world and looking at this chart we see a continuation of the downtrend from September of this year,” Roelof Van Den Akker, senior technical analyst at ING Wholesale Banking told CNBC regarding the dollar/ Swissie chart.

Copper Bubble?

Dec. 14 2010 | Upbeat news out of China has propelled copper prices to all-time highs, with David Threlkeld, Resolved Inc. president.

Fuel Prices Pumped Up

Dec. 13 2010 | Peter Beutel, president of Cameron Hanover, tells CNBC what's behind recent fuel price increases and whether he believes oil is properly priced.

Commodities: Oil, Gold Higher Ahead of Fed Meeting

Commodities: Oil, Gold Higher Ahead of Fed Meeting


Commodities are getting a boost today, climbing as the dollar slips in value against the euro ahead of this afternoon's Federal Reserve meeting. Oil is up $0.26 to $88.87 a barrel, reversing yesterday's fall, while the most active February gold contract pressed back above $1,400 an ounce, climbing $8.10 to $1,405.40 an ounce.

Copper also is higher, with the March contract up fractionally from Monday's settlement to 4.21 a pound, after earlier hitting a record $4.2290 yesterday.

A new Goldman Sachs research report yesterday provided precious metals with added momentum, predicting gold will reach $1,690 an ounce by the end of 2011 and peak sometime during 2012.

"We expect a low U.S. real interest rate environment will continue in 2011, particularly given the resumption of quantitative easing measures in the U.S., and expect gold prices to continue to climb" into next year, Goldman analysts said in the report. Gold will peak in 2012, they said.

Gold is up over 28 percent this year, the 10th straight year the metal will post an annual advance.

Oil, paced by heating-oil futures, fell on Monday as a recent cold snap in several parts of the U.S. appeared to be less severe than initially feared. Gasoline inventories, due out tomorrow, also were predicted to climb for a fourth consective week, according to a survey of analysts by Bloomberg.

In company news, Spartech Corp. (SEH) reported a Q4 net loss of $1.78 a share on a 7% jump in revenues to $259.6 million. The higher sales reflected a small increase in volume and the effect of higher prices due to higher raw material costs, including oil, according to the producer of plastic sheeting and other packaging items.

Reuters also is reporting today that Kazakhstan plans to invite either Rio Tinto (RIO) or Vale (VALE) to develop a large copper deposit in the center of the country, quoting a senior government official. The deposit also contains gold and silver.

Hot Commodities

Dec. 14 2010 | "We now have an environment where gold can go up when the dollar is rising and falling," Michael Lewis, head of commodities strategy at Deutsche Bank.

UK House Prices Continue to Fall

Dec. 14 2010 | “There is still some weakness in pricing terms and that largely reflects that there’s still more supply coming on to the market,” Simon Rubinsohn, chief economist at RICS said.

Robert Kiyosaki : All silver stockpiles have been depleted

A crisis looms. Supplies of silver are quickly disappearing as the worldwide market demand continues to grow. New high-tech uses for silver and the demand outpacing the annual production every year since 1990 is causing the depletion of silver's above-ground stockpiles.

Once the largest stockpile of silver in the world, the US government dumped multiple billions of ounces of silver over the years into the world market thereby depressing silver prices. With no stockpile, the US is now purchasing silver at current rates.compared to gold, silver is cheap.Silver is on its way to $50/oz




Kiyosaki knows what he is talking about. I've read some of his books and heard him speak at a weekend conference.  Listen to him. Read and heed. RN Gotta have both gold and silver. They both have advantages and disadvantages, but, if you can afford to have both, do so. How much you have of either depends on how much wealth, (or lack-thereof), you have. However, as he said, (these are my order of priority); food, ground, arms, gold, and I would replace owning gasoline with owning silver. How do you store 1,000 gallons of gasoline? Silver price-appreciates, and other people will take silver as payment for whatever, including gas
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