Tuesday, August 9, 2011

Bob Chapman : they reduced the rating in order to have an excuse for starting QE3

Bob Chapman - Radio Liberty - 08 Aug 2011

Bob Chapman : the main point they are after is cutting back social security and medicare which the Americans have paid for , the money as stolen , by creating this special committee they want to bypass the congress , regarding the debt rating , they could have degraded it 15 years ago , they control the rating agencies , they wanted to correct the market they thought it is the right time , the main reason for reducing the rating is to have an excuse for doing a QE3 ,

Mexican Gold Coins $50 Gold Bullion Pesos

Mexican Gold Coins $50 Gold Bullion Pesos : This beautiful coin was made​in commemoration of 100 years of freedom of independence from Spain this currency is called in Mexico: "Centennial" (One Hundred Years) This coin is the most expensive in the world with an estimated cost of $ 22.800 PESO (Depends state in which the currency is), I knew that Mexico was the first country to have the symbol "$"and then when the United States adopted this symbol was released. Mexican Gold Bullion Coins - Mexican gold coins have more gold than any other bullion in the world. These Mexican gold pesos have regained in popularity over the last year as gold investors realize the value of the coin for the gold content increases. Gold Bullion and Coins are being bought up by countries, corporations and individual investors due to the uncertain global financial crises. Gold is the only know material to be used as currency backing for the last 6000 years.

Eric Sprott : silver is extremely undervalued

Eric Sprott : I still believe that an investment in Silver is a very safe investment today , when we look at the data points they scream at us that it is extremely under valued , when we look at the history of what happened in both silver and gold markets I happen to believe in what GATA believe that there is these hands from the outside keeping things restricted and they are going to lose control , so people have to be in precious metals if they want to protect themselves , there are not many other investments that you can consider like agricultural investments


Eric Sprott : I am very optimistic about silver for a number of reasons , we have this very short position in silver and I am sure it will resolve to the upside , when I look at the sales of silver versus gold , US mint sells more dollars of silver than gold , the Canadian mint sells about a dollar and half of gold to a dollar of silver Goldmoney sells more dollars of silver than Gold Sprott Money does the same thing , people cannot continue to buy at one to one ratio and the prices are 40 to one it sure is going to resolve to the upside , the paper shorts already got seriously burnt they will go the way of fiat currency ..... Gold was the investment of the last decade and silver will be the investment of this decade , and I do believe in the thesis that silver will get back to a 16 to 1 ratio to Gold , so Gold is over $1600 , so theoretically Silver can be a 100 dollars , I see the buying coming in to one to one I see the supply of Gold above ground is approximately a hundred tims greater than silver but the buying is one to one so something got to give somewhere .... you just see things developing in the market that could make it explode at any moment in time , I'd say 3 to 5 years for sure it will trade 16 to one , it could go parabolic at any moment , and we have a financial system at the edge of a cliff here so , all I know is that you can safely own it go to sleep at night you will be a winner at the end of a certain time , you will be a big winner at the end of that time period 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

Gold becoming the unofficial reserve currency again as people lose faith in the US Dollar

Central Banks turn to Gold as a safe Heaven , we likely going to see another round of Quantitative Easing and further weakness of the dollar , there is a crisis of confidence in the US government and in the currency , we are not seeing that immediately in the bonds as a flight to safety , what we are seeing is Gold becoming the unofficial reserve currency again as people lose faith in the US Dollar , this story is not going to end here at !700 we are going to see further strength in the price of Gold , Gold is under invested in portfolios , Gold represents a very small portion of China's foreign reserve exchange and that's likely to grow so they will use any weakness in the gold price to step in as well as other central banks across the globe says Steve O'Hanna, Investment Manager at Fat Prophets Funds Management

Jim Sinclair : Own GOLD be your own Central Bank

Jim Sinclair interviewed by James Turk - August 5 2011 at the GATA conference in London Jim Sinclair : credit has gone wild and it is coming home to roast , the reserve currency is broke it will transmit its problems throughout the western world , it is an entire western world currency problem that is endemic because of the dollar which transmitted the problems of debt not simply to the US but to the rest of the world and they all went nutts on the derivatives , it is human nature to the extreme , it is GREED , who needs enemies for the financial leadership we have ?! the ultimate protection for you is be your own central bank you'd rather own gold than reserve currency dollars ,



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 : they are preparing for a major World War III

Bob Chapman : Gold is doing what it should do , you can see they intervened between 1715 and 1750 dollars to try to keep it down I do not think they are going to be successful , Silver is another story , HSBC are as short as they have ever been now they are going to be shorter than they have ever been before , people got to understand that you are dealing with a criminal syndicate these people are worse than the mafia much worse , we are looking at QE3 , the inflation by the end of this year would be probably in the vicinity of 14 percent next year because of QE2 and Stimulus 2 because it takes that long to go into the system it would be probably 25 to 30 percent if they do Qe3 they have do about 2.3 trillion and if I am right about that you are looking about 50 percent , that's Hyperinflation , they will take it as far as they could until people will stop accepting money and they will start trading in gold and silver bullion and I think that what it will come to . , I think they are preparing for a major World War III , Only 8th tenth of one percent of Americans own Gold and Silver coins shares and bullion , that figure will reach about 15 percent like it did in 1980 , it will come to a situation where the tender will be gold and silver bullion ,
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