The Silver vigilantes are coming for Jamie Dimon. Crash JP Morgan Buy Silver.
Max Keiser, Gerald Celente, Alex Jones, Peter Schiff, Ron Paul, Jim Rogers , JpMorgan is now covering all its short Silver posisions by hedging it with copper.
Sunday, February 6, 2011
Chris Powell, Bill Murphy, GATA, Vancouver Resource Investment Conference 2011
GATA, Chris Powell, Bill Murphy, January 24, 2011 (Part 1), Vancouver Resource Investment Conference 2011
2011 Outlook for Gold and Silver
2011 Investment Outlook Luncheon Presentation by Nick Barisheff
Gold Outlook 2011: Irreversible Upward Pressures and the China Effect
In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion aboveground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.
Gold Outlook 2011: Irreversible Upward Pressures and the China Effect
In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion aboveground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.
Bob Chapman.....The Global Depression.....The Alex Jones Show.....2-4-2011
Bob Chapman talks about current global economic and political events.
Bail out of your IRAs or (in Canada) your RRSP's / LRSP's . If the U.S. started printing $1000,000.00 notes, they could technically pay their debt off and call it square....it's just paper after all.....
Bail out of your IRAs or (in Canada) your RRSP's / LRSP's . If the U.S. started printing $1000,000.00 notes, they could technically pay their debt off and call it square....it's just paper after all.....
Scotia Mocatta sold out of All Silver Bars
there is no bubble in Gold and Silver : What you are about to see is the absolute, 100% exact opposite of a precious metals bubble.Scotia Mocatta Sells Out Of All Silver Bars , - James Turk is predicting silver to jump to $35 and beyond very soon.
its great to see whats happening on the ground. its sad to hear that one dealer say she thinks we are at the top and its not going anywhere from here. I would have to say that the numismatic end of things are not as lucrative either, anymore. It's no longer a hobby..., personally I don't mind paying the extra buck or $2/ounce to get American silver eagles or Canadian silver maples. I think they're beautiful coins & the premiums hold up when you sell them too, so you get it back. Also, I think there's a case to be made for some unforseen appreciation/wildly higher permiums at some point for silver eagles given the trouble the US Mint is having meeting demand. What happens to premiums if the Mint CANCELS the silver eagle program all together?!
its great to see whats happening on the ground. its sad to hear that one dealer say she thinks we are at the top and its not going anywhere from here. I would have to say that the numismatic end of things are not as lucrative either, anymore. It's no longer a hobby..., personally I don't mind paying the extra buck or $2/ounce to get American silver eagles or Canadian silver maples. I think they're beautiful coins & the premiums hold up when you sell them too, so you get it back. Also, I think there's a case to be made for some unforseen appreciation/wildly higher permiums at some point for silver eagles given the trouble the US Mint is having meeting demand. What happens to premiums if the Mint CANCELS the silver eagle program all together?!
James Turk : SILVER SHORTAGE and GOLD - Goldseek Radio 04 Feb 2011
Jim Turk on Goldseek Radio 04 Feb 2011
James Turk: Chairman and Founder of Goldmoney.com which operates the leading digital gold currency- James Turk has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. James has specialized in international banking, finance and investments since 1969. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank). He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, until resigning in 1987.His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
James Turk: Chairman and Founder of Goldmoney.com which operates the leading digital gold currency- James Turk has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. James has specialized in international banking, finance and investments since 1969. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank). He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, until resigning in 1987.His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
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