Wednesday, April 13, 2011

Clients want Physical Gold says CEO of Swiss Precious Metals

Jean-Francois Pages, CEO of Swiss Precious Metals, says clients have become aware of insolvency risk after 2008, increasing demand for physical storage of gold .the difference is between holding tangible gold or paper asset where you have only a claim after 2008 crisis most of the clients are aware of the insolvency risks of the system and have developed a mistrust of paper currency and fiat money ...
he calls his kind of storage a very special segregated storage , where clients are sure to have their precious metals stored and with no double ownership and a guarantee they they can have their metals anytime they ask for them his price are 1 percent per anum of the market value of the gold that is deposited and these fees also include complete insurance coverage , Jean also says that he does not deal with silver as the value of silver makes it not interesting in terms of storage ...

Kiyosaki : investor mentality vs. working class mentality

Robert Kiyosaki : “Most people can’t because they have been trained to be workers. It’s called a working class mentality rather than an investor mentality. Lesson number one in Rich Dad Poor Dad is the rich don’t work for money; they learn how to make their money work hard for them. I've learned how to make money work hard for me, so I don’t have to work for money. It’s a completely different education process.”

Silver Market still on a Bull Trend

Anthony Neglia of Tower Trading says that he is still bullish on silver he will get it bearish though if the silver goes below the mark of $38 : I don't think it's necessarily overbought. We did have some short covering. Coupled with some new buying got us to that the short covering rally got is that overnight high on Sunday night. Of $ 4190. We have backed off considerably since then. But the market is still in a bull trend I get a little get a little bearish below 38 dollars if you remember thirty dollars was that point where it had a little difficulty getting through but once it got through. Made a very nice move well you know above forty dollars and beyond. That you saw that overnight high from Sunday night. ". "I would be backing off the longs I don't know if I would get necessarily short here I know a lot of people are a lot of people are betting on this thing 200 day moving average is about 25 dollars which is fifteen dollars away. But I don't necessarily see. But I can't see a change at 38 dollar level and then I would have to reassess. You know from that level. Below it I'd be a little bearish. and you know if it remains above 38 dollars you know I'd like to pick a spot there and buy it

Bob Chapman explains the Silver Short Squeeze

Bob Chapman the International forecaster explains how the gold and silver market is manipulated by the government and JP Morgan




Bob Chapman : ...your government the treasury department and the federal reserve under the executive order of august 1988 signed by Ronald Reagan the president working group and financial market in in there rigging the market you don't have a free market in America anymore you have a corporate fascist government and they do anything they feel like doing , and they are in here rigging that market , they have been rigging the gold and silver market or attempting to do so since 1988 , it will last 2 to 3 days and the market will go back up again cause it cost too much far beyond what they want to achieve says bob Chapman ....
DAILY NEWS ON BOOZE