Monday, August 8, 2011

Gold is the only Money - $1723/oz and rising

Gold is up 40.9% from this date last year.investors and central banks all around the world are becoming aware of the evidence that Gold and Gold is MONEY , Gold is not an investment it is MONEY the one and only money , Gold so far is way way undervalued when everybody realizes that the king has no clothes that the fiat money is just paper with ink , trillions of dollars will be rushing into Gold and Silver , the prices of gold and Silver will explode in a way that nobody can imagine we might see Gold at $80K an ounce if not more , this is not a bubble , it is just the world is starting to wake up from decades long delusion that paper is money ....you are still in time to go change your pile of worthless cash for some gold coins you will be glad you did in a year from now ....


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 - The Financial Survival - 08 Aug 2011

Bob Chapman : one of the reasons they are doing this besides getting the correction out of the way before the election ,they want a justification to have a QE3 , the gold and silver shares are way way under priced , I will be buying gold coins bullion and shares even when gold will be at $3000 an ounce

Gold today should be over $9,000 an Ounce : Bert Dohmen

Bert Dohmen of the Wellington Letter , president and founder of Dohmen Capital Research Institute discusses with Jim Puplava of the Financial sense newshour , according to Bert Dohmen Gold today should be worth 9000 dollars an ounce the way they valued it at Bretton Woods "investors have now found out in the last two years with all this fantastic stimulus that has been put into the system everywhere in China in the US in Europe it was all for nothing , all we got was a two year cyclical bull market , we are in a bear market right now that actually started in 2007 , this is the worse situation ""Gold is the only money " " we are going to have a pull back in gold because they are going to raise margin requirement as they did with 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)

Bob Chapman - The Free American Hour - 08 Aug 2011

Bob Chapman : Mexico is going to do very well , they have bought 100 tons of Gold recently the economy is booming the inflation is low and there are plenty of jobs matter of facts many Mexican skilled workers started leaving the United States to go get a job in Mexico and there are plenty of jobs in the car manufacturing industry ...

British Gold Sovereign Coins

Gold Sovereign British Coins are one of the most popular gold coins available today as they are globally recognized and commonly traded on the international market. Gold has seen a huge increase in demand as countries, corporations and individuals have seen that currency from even then top countries have an uncertain future. The only known material to have a history of over 6000 years of value is gold. Gold may be the most likely form of trade to hedge against the unstable financial markets. World gold coins has become a diversified means of stability to include the Swiss franc, French franc and British Gold Sovereign. . Love those British sovereigns. James Bond did them too. World recognized and today one costs it`s weight in gold

The US could Confiscate the European Gold : Jim Rickards

Jim Rickards : "I tell investors, Gold doesn't ever change value. what this is really telling us is that the dollar is going down. it's the inversion of the dollar. you know, the dollar may go down nominally. all the currencies are going down together against gold and i think that's the significant movement." Jim Rickards, Tangent Capital Partners senior managing director "well, I've been very bullish on the euro. partially because they have 10,000 tons of gold. we have 8,000 tons. they actually have more gold than we do. if you combine Europe, the united states and throw in the IMF for good measure, that's about 70% of all the official gold in the world. who is left out in the cold? the Chinese, Brazilians and the British don't have much gold. as the payroll currencies begin to collapse and you need to go back to a gold backed system which I expect in a matter of years , the people with the Gold , I call the US the Saudi Arabia of the Gold we are a super power in Gold , their Gold (the Europeans ) is in the United States so one of the scenarios ahead is the United States will confiscate European Gold it's what we have done before FDR 1933

Gold surges above $1,700 on US downgrade woes

Gold prices surged 66 dollars overnight to an all time high of $1718.20 an ounce The interest for gold was fueled by by S & P's decision to downgrade the rating of the United States, making the outlook for the largest economy in the world more gloomy ,but also the concerns about the debt problems in the Eurozone and its contagion effects . Goldman Sachs also raised its 12 months price target on gold to $1860 and looking at the growth in gold and the rally to continue through 2012
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)

Silver vs. Gold

Silver’s intrinsic value has appreciated considerably more than gold’s intrinsic value has in terms of the worthlessness of privately-owned borrowed-paper-bond phony ‘labor exchange currency’. The loss in private-paper monopoly “labor exchange ducat” value in terms of gold’s intrinsic value may look big (gold price rises may look bigger) than the loss of paper ducat value in silver but silver has less intrinsic value per-unit weight. As a percentage of their unit price, silver units have “gone up” (retained their worth and rarity values, against ever-more, ever-cheapening labor exchange ducat values) much more than gold units have. Savers are retaining more of their savings worth with silver savings than they are with gold savings. 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

Donald Trump on the US Downgrade by S&P

Donald Trump : " I'm not a big fan of S&P.I have to start up by saying that I've watched them over the years. i've watched them giving rave reviews, which has absolutely crashed around them. i don't think they know more than anyone else. i think they're probably doing this as a way of trying to resurrect their reputation, which is terrible. I'm not a big fan. with that being said, we have a dysfunctional government, we have a dysfunctional country, we have no leadership, and a couple other minor little problems" Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.
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