Gold soars to record highs

Gold Hits Record High after the latest read on the economy came in weaker than expected. Insight on how one gold producer is posting profits, with Richard O'Brien, Newmont Mining president/CEO. "what i would say is what i said a while ago which is i think $1600 gold. i actually thought it might come next year but i think given some of the central government issues, not just here in the u.s. but around Europe, i think we're going to continue to see pressure on gold prices. i just remind all of your viewers that gold in nominal dollars actually from its high from many years ago, $800 would be over $2200. so while we talk about a record high, it's important to know its record in nominal dollars. i do think we continue to see a trend up. i think we're headed to $17.50 next year. i would readjust my estimate and i think we will continue to see pressure on gold prices for many years to come," Richard O'Brien said






Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman & Ted Anderson on Dr Deagle Show - 27 July 2011

There is so much demand fort Gold and silver that they are not able to manipulate the markets for more than a couple of days says expert Bob Chapman , the government has plenty of money there is no reason to extort people telling them they are going to lose their checks , the real reason even though Obama is a socialist may be even a Marxist but he takes his orders from Wall street , what they are after here is they want to cut off social security and medicare in the worse way get rid of the useless eaters , starve them to death , that's what this is all about and you won't hear this anywhere else says Bob Chapman

James Turk : Gold is still undervalued by all my historical measures

James Turk : "It is hard to predict short term targets , all you need to be focusing on is to continue accumulating in this bull market and focus on where the bull market is going , itis always going to go much further than you expect it probably going to last longer than you and I expect and go higher than I expect , but just continue to accumulate , Gold should be higher than $2000 by now but because of the government intervention and anti gold propaganda by the government Gold is still undervalued even though the price have been rising it is still undervalued by all of my historical measures it is not quite as undervalued as it was ten years ago but it is still very undervalued because what's happening over the last ten years is that even though the price of gold has gone up the dollar has been debased by inflation and all kind of crazy things that the central banks and banks are doing to mismanage the dollar , so focus on the long term , focus not so much the price of gold but whether it is a gold value or not and it is a good value under numerical basis based on all my historical measures it is also good value because of its usefulness as a tangible asset , it is a monetary asset that does not have counter-party risk so I think that's important too"




"I am more bullish on Silver than I am on Gold that's why I think the ratio is going to go down to 20 ounces of silver to an ounce of Gold in the long term from 40 ounces of silver to one ounce of Gold at present , Silver will outperform gold , the problem with silver though is there is more volatility to it than it is to Gold and as a a consequence volatility is not for everyone but if you are prepared to accept that volatility I think you have two third of your assets your monetary assets your precious metals assets two thirds in Gold and one third in Silver
"




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

James Turk : Silver will outperform Gold

James Turk : I am more bullish on Silver than I am on Gold that's why I think the ratio is going to go down to 20 ounces of silver to an ounce of Gold in the long term from 40 ounces of silver to one ounce of Gold at present , Silver will outperform gold , the problem with silver though is there is more volatility to it than it is to Gold and as a a consequence volatility is not for everyone but if you are prepared to accept that volatility I think you have two third of your assets your monetary assets your precious metals assets two thirds in Gold and one third in Silver





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet