For obvious reasons, there has been a great deal of discussion about actual, formal "defaults" in the gold and silver markets. Among those "obvious reasons" is that informal defaults are apparently already taking place in both markets.
Beginning in the London gold market over a year ago, and now rumored to be occurring in New York's "Comex" silver futures market, buyers who have legally contracted to take "physical delivery" of the metals they have purchased are said to be accepting large, paper bribes to accept a "cash settlement" instead.
Monday, January 17, 2011
SILVER: Banks LOSING the Battle * AND * WEB BOTS: Death of the Dollar?
Jim Turk says 'HOLD YOUR POSITION.' Silver could be at $30 in a matter of weeks. And a brief web bot discussion about the epic event predicted for Nov. 8 - 11. Things are falling into place for the death of our currency. Heaven help us.crash JP Morgan buy silver.
silver appears to have a great potential as upcoming regulation enforcement, a small market, new physically backed ETF's and worldwide intentional devaluation of fiat monies all make silver attractive in the next several years with potential for a big ride. Best of fortunes to you.
silver appears to have a great potential as upcoming regulation enforcement, a small market, new physically backed ETF's and worldwide intentional devaluation of fiat monies all make silver attractive in the next several years with potential for a big ride. Best of fortunes to you.
Silver will soon reach $600/oz according to Webbots & others in PM industry
Have you bought your silver and gold yet?.. better get on that soon because both metals aren't losing ground and in fact are most likely about to explode soon.
it's better to buy 10 1oz. bars than just 1 ten oz. bar. When it comes time to sell some of your silver , you won't be forced to sell the entire 10oz. bar.
buy now 'cause the price is still low but not for long
Silver at $600/oz would entail a 2:1 gold ratio from its current 63:1 average, with gold maintaining its price. If the ratio remains the same, that means gold at $37800.
At the historic ratio of 15:1 it would entail gold at $9000.
I'm pretty sure if gold exceeds $5000, there will not be a currency in the world that would withstand that kind of devaluation, the USD is devalued by over half with gold at 1200.
If silver hits $600, would there even be a $ in the world to convert it to?
it's better to buy 10 1oz. bars than just 1 ten oz. bar. When it comes time to sell some of your silver , you won't be forced to sell the entire 10oz. bar.
buy now 'cause the price is still low but not for long
Silver at $600/oz would entail a 2:1 gold ratio from its current 63:1 average, with gold maintaining its price. If the ratio remains the same, that means gold at $37800.
At the historic ratio of 15:1 it would entail gold at $9000.
I'm pretty sure if gold exceeds $5000, there will not be a currency in the world that would withstand that kind of devaluation, the USD is devalued by over half with gold at 1200.
If silver hits $600, would there even be a $ in the world to convert it to?
Bob Chapman : 100 US cities risk bankruptcy in 2011
'100 US cities risk bankruptcy in 2011'
Bob Chapman, Editor and Owner, TheInternationalForecaster.com we will have a dual crisis one in Europe where 6 countries are banckrupt and in the united States where we have hundreds and hundreds of Cities and municipalities which are belly up...
Bob Chapman, Editor and Owner, TheInternationalForecaster.com we will have a dual crisis one in Europe where 6 countries are banckrupt and in the united States where we have hundreds and hundreds of Cities and municipalities which are belly up...
The Yuan Will Emerge As a Reserve Currency
Jan. 16 2011 |China's economic importance should guarantee the yuan a greater global role in the coming years, believes Robert Minikin, senior FX strategist at Standard Chartered Bank. He shares his thoughts with CNBC's Bernard Lo.
Top Asian Currency Plays
Jan. 17 2011 | Chia Woon Khien, head, FX strategy, emerging Asia at RBS, recommends investors go long on the Malaysian ringgit and the Singapore dollar. She shares her top currency plays with CNBC's Rebecca Meehan, Yousef Gamal El-Din and Chloe Cho.
BP CEO Confident About Operating in Russia
Jan. 17 2011 | BP CEO Bob Dudley told CNBC in an interview that the deal the group has struck with Rosneft will not have any impact on any of the settlements it is making in the US after the Gulf Coast oil spill. TNK-BP has been a very successful joint venture in Russia, Dudley said, adding that this deal will expand the scope of that.
Asias 8 Million Dollar Diamond
The INVESTMENT - MAGAZINE - THE ORIGINAL- was founded in 1995. We publish three editions, one global, one for Asia and one germany, Austria and Szwiterland.
The precious metals paper ponzi will collapse suddenly and with little warning
THE RULING CLASS VS LIBERTY
The precious metals paper ponzi will collapse suddenly and with little warning.Jim Rogers : Silver is still 40% below its all-time high
Jim Rogers :"...Well, as a generalization, yes. I would rather own agriculture and so other commodities in 2011, but silver may outperform a lot of things. Silver is a metal and it is still depressed. Silver is still 40% below its all-time high. So silver has not been any sort of great bubble compared to perhaps some other assets we know. I, as a class between agriculture, energy and metals, had rather own agriculture and by the way of the precious metals, I would rather own silver than gold. ...."
via www.economictimes.indiatimes.com
via www.economictimes.indiatimes.com
Gold ETF Sees Investors Holding Gold
NEW YORK (TheStreet) -- Will Rhind, head of U.S. operations for ETF Securities, says the lack of outflows from their physically backed gold ETF illustrate that investors think gold prices will head higher.The fundamentals of Gold are still intact .....
Donald Trump top 10 Recommendations
Donald Trump top 10 Recommendations , thing big , have good foundations .....see an opportunity for what it is an opportunity,,,,,
Bob Chapman on The Ringside Politics with Jeff Crouere 14. Jan, 2011
Bob Chapman, the International Forecaster discussed the global economy, the value of our currency and commodities.
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