Friday, August 19, 2011

China & India account for half the Gold Market

Is Gold is still cheap ? "Gold is lot of things to a lot of different people but I think there is a tendency in the US and the Western world to disparage it as something conspiracy theorists who think the US is a Zionist conspiracy and bury it in the ground with their cans of tuna. But gold is seen differently in Asia to how it is viewed in the rest of the world and you only have to see how much of it there is around," Tony Morri, senior strategist at Nomura says

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Bob Chapman - The Financial Survival 19 Aug 2011

Bob Chapman : I have been saying over and over again you do not buy dips , you do not know when they are going to happen , you do what I do , you buy every single month , you are in an 11 year bull market the trend is your friend you do not think you buy , I do not care what I pay , gold is going to a minimum of $8000 , do what Bob Chapman does buy every month if you have money , and you should not be in the bond market or the stock market or the CDs or cash value life insurance policies , get rid of them .... you got to get Ron Paul in office unless you want to fight in the streets , we have to do everything possible to get him elected ...this is your last chance ...if we do not get him we are cooked ....

Peter Schiff : Gold is money everything else is a poor substitute

Peter Schiff on RT America 19 Aug 2011 : Gold is a safe heaven treasuries are not , people who buy Treasuries think they are safe heaven they are mistaken and when they will figure it out they will go to gold , Gold is not in any bubble because if this was a bubble or a mania you would expect gold stocks to be outperforming the metal because that's where all the speculative money flows ...there is no floor to the fiat currencies as they keep printing them so there is no ceiling for gold to go to , Gold is like a thermometer on the economy , the yield on treasuries is negative , so how you get safety with a negative yield ? I think the people who are going to lose the most money are the people who are in bonds , people will lose more money in bonds than in stocks ...Gold is the one place there is not a bubble because gold is reflecting the loss of purchasing power of fiat currencies , Gold is not going up it is paper currencies that are losing value ... Gold is money everything else is a poor substitute


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)

Mexico wants to back its Peso with Silver

BOB CHAPMAN - A MARINES DISQUISITION SHOW - 18TH AUGUST 2011

Bob Chapman : Mexico which is the second largest producer of silver in the world is thinking of backing the Mexican peso with silver , it is hard to find the centenarios in Mexico , South Africa is nationalizing its gold and platinum mines , they are going to make a mess out of them , production will fall , more African countries can follow in nationalizing their mines .....

David Tice : Silver has more potential than Gold

David Tice : "Well, I think people should own gold and silver bullion. I am a shareholder of GoldMoney.com. I'm also a big customer of GoldMoney.com. I think that's a great place to hold your bullion. I also own a number of junior gold mining companies. I've typically not owned the seniors, but I'm now starting to invest in seniors. I'd say probably a third. I'm more invested in silver today than gold. I'm a believer in what Eric Sprott talks about, as far as silver having even more extraordinary potential than gold does. I'd say it's kind of an individual preference, as far as how much bullion versus how much metals equities, but a nice blend would be appropriate."


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

David Tice : I am more invested in silver today than gold

David Tice (http://prudentbear.com) and James Turk, Director of the GoldMoney Foundation, talk about the 1999 credit bubble symposium, and the outlook for Gold.
David Tice : "Well, I think people should own gold and silver bullion. I am a shareholder of GoldMoney.com. I'm also a big customer of GoldMoney.com. I think that's a great place to hold your bullion. I also own a number of junior gold mining companies. I've typically not owned the seniors, but I'm now starting to invest in seniors. I'd say probably a third. I'm more invested in silver today than gold. I'm a believer in what Eric Sprott talks about, as far as silver having even more extraordinary potential than gold does. I'd say it's kind of an individual preference, as far as how much bullion versus how much metals equities, but a nice blend would be appropriate."







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)

Gold on fire as stock markets crash worldwide

Gold Hits Record High as Global Economic Uncertainty Continues .For investors in this economic climate, it seems that all that glitters is gold. The price of gold hit a record high on Friday, as investors are seeking safer assets amid deepening concerns over slowing economic growth and the outlook for euro zone banks. Gold spot was up 2-and-a-half percent at 1,868 dollars 70 cents an ounce after peaking at 1,877 an ounce.It is being called a modern day gold rush, and is fueled by the dismal performance of the stock markets across Asia pacific Europe and North America . The US Dollar is dead, the body just hasn’t hit the floor yet.You still have some time to save your wealth by exchanging your worthless paper for gold and 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 Sovereign Economist - 18 Aug 2011

Bob Chapman : People have lost billions and billions of dollars but getting out of Gold and Silver coins bullion and shares positions and not getting back in , when JPM tells you that gold is going to $2500 an ounce this year , pay attention they run the government they own the FED , they know that gold is going up and silver is going up , they are massively short along with others , they are trying to stop gold at $2500 and probably silver at $50 that's why they are saying what they are saying , because they know if they cannot stop it at $2500 in the short term it will probably go to $3000 , $3200 , now what we do ??? we keep on buying .....they are vastly under priced


Jim Rogers : if and when gold goes down, I hope I am smart enough to buy more

Jim Rogers : I do not like buying anything going straight up. I like to buy something going down. So if and when gold goes down, I hope I am smart enough to buy more and I would buy silver the same way.




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)
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