Marc Faber : "I do not think that the market is as over bought as it was in 1987. So I do not expect a crash, but I think for the time being the market has peaked out. And I think that in the meantime, bonds which are extremely oversold could rebound," "Either we have a correction now and then we go up further, or we go straight up into a high in July-August from where we could crash. So, I welcome a correction here." "The market has now become quite overbought and that there is very significant or over-extended bullish sentiment. Everybody says sell bonds, buy equities. And when everybody thinks alike, one has to be careful. If we have a correction of 10%, I wouldn't necessarily buy into the market. I would watch the rebound because I think there is a very great chance that the rebound will fail to make a new high," - in a recent interview with money Control
Monday, March 11, 2013
Marc Faber: Buy Gold & Silver Now before the market crashes in July 2013
Marc Faber: Gold & Silver Investors Must Prepare for Enormous Financial Disaster 2013 .Gold and silver have been selling off recently in tandem with the S&P 500. How far will the prices crash before the correction is over?
Physical Gold Shortage Possible in the Near Future
New York, NY (PRWEB) February 25, 2013
In response to the economic stimulus programs employed by the world’s most powerful governments, central banks in many developing countries are transferring their holdings into gold, as the metal is considered a more tangible asset than reserve currencies that are being devalued in the ongoing currency war. According to reports from the World Gold Council, central bank buying accounted for 534.6 tons in 2012. Quite the shift from the previous trend of central banks selling 400 tons a year, accounting for over 900 tons in a 4,000 ton market. Among the new players in the central bank buying game were Latin American countries including Brazil, Paraguay, Venezuela and Mexico. Russia, South Korea and the Philippines held their status of recent big buyers, and Iraq made an appearance onto the scene last year, buying 24.1 tons of gold.
Arthur McGuire, Vice President of Gold Price, says, “As the world’s most powerful central banks print money without restraint, up-and-coming central banks all over the world are starting to realize that they don’t want to hold money that is being devalued and set to see hyperinflation in the future. China and India have been buying vast amounts of gold for years, but now we’re seeing smaller countries jump on the bandwagon, and this shift could cause a shortage soon. We’re recommending that investors buy gold coins and bars now, while prices are low compared to what they could rise to if we end up seeing a significant shortage of physical gold supply.”
Read more: http://www.digitaljournal.com/pr/1090803#ixzz2NG1lTw5Q
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
In response to the economic stimulus programs employed by the world’s most powerful governments, central banks in many developing countries are transferring their holdings into gold, as the metal is considered a more tangible asset than reserve currencies that are being devalued in the ongoing currency war. According to reports from the World Gold Council, central bank buying accounted for 534.6 tons in 2012. Quite the shift from the previous trend of central banks selling 400 tons a year, accounting for over 900 tons in a 4,000 ton market. Among the new players in the central bank buying game were Latin American countries including Brazil, Paraguay, Venezuela and Mexico. Russia, South Korea and the Philippines held their status of recent big buyers, and Iraq made an appearance onto the scene last year, buying 24.1 tons of gold.
Arthur McGuire, Vice President of Gold Price, says, “As the world’s most powerful central banks print money without restraint, up-and-coming central banks all over the world are starting to realize that they don’t want to hold money that is being devalued and set to see hyperinflation in the future. China and India have been buying vast amounts of gold for years, but now we’re seeing smaller countries jump on the bandwagon, and this shift could cause a shortage soon. We’re recommending that investors buy gold coins and bars now, while prices are low compared to what they could rise to if we end up seeing a significant shortage of physical gold supply.”
Read more: http://www.digitaljournal.com/pr/1090803#ixzz2NG1lTw5Q
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
Robert Kiyosaki : A Key to Success is...
Robert Kiyosaki : A key to success is to have your thoughts, words, and actions so integrated and congruent its as if they are operating as one.
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.
Subscribe to:
Posts (Atom)
