Gold Market Reacts to More Sovereign Debt Concerns (Portugal) Concerns are intensifying that Portugal could be forced to call for a European bail-out after it was this week forced to pay an unusually high premium in a €500m ($650m) issue of six-month Treasury bills. S Jim Comiskey discusses the metals markets. Topics covered: Gold, Silver & Copper Market Analysis; Last Week's Decline in Gold & Silver; Sovereign Debt Problems in the Eurozone.
Monday, January 10, 2011
Gold to Reach $2,000 in The Next 2-3 Years; Long-term Bull Market
Joseph Foster, a portfolio manager at Van Eck Associates in New York, talks about the potential impact of the Federal Reserve's quantitative easing on the gold market. Foster, speaking with Betty Liu on Bloomberg Television's "In the Loop," also discusses the outlook for gold stocks and investment strategy.
$2000. U.S. dollars per ounce over the next two to three years? That wouldn't even be keeping up with inflation. , heck with 1980 inflation adjustment, gold should already be at $2400 an ounce!Gold is still cheap! Gold eventually will go to $5000 an ounce! The money to be made in gold already happened. The ones who bought it at $500/oz. I see gold and silver going much higher. The world has caught on to the fiat money system, and currency wars will continue till all the paper becomes worthless. The world is seeing massive strikes, revolts, bankruptcies, foreclosures, and debt. It's only a matter of time. Of course this is just my speculation. Gold is going up. Crime is going up. Money circulating in the economy is going up. Cost of living is going up. Number of people getting mad is going up.
$2000. U.S. dollars per ounce over the next two to three years? That wouldn't even be keeping up with inflation. , heck with 1980 inflation adjustment, gold should already be at $2400 an ounce!Gold is still cheap! Gold eventually will go to $5000 an ounce! The money to be made in gold already happened. The ones who bought it at $500/oz. I see gold and silver going much higher. The world has caught on to the fiat money system, and currency wars will continue till all the paper becomes worthless. The world is seeing massive strikes, revolts, bankruptcies, foreclosures, and debt. It's only a matter of time. Of course this is just my speculation. Gold is going up. Crime is going up. Money circulating in the economy is going up. Cost of living is going up. Number of people getting mad is going up.
Sunday, January 9, 2011
Silver and Gold some technical facts
Various mostly technical facts and data about gold and silver. So many videos on precious metals are mostly emotion, as an engineer with 35 years experience in primarily electronics but much research in metals I felt I could contribute important information the investing world needs to know but does not! When ten friends selected at random all told me they assumed there was about 50 times MORE silver in the world than gold based on the price differential! When the answer is there is 5 to 10 times MORE gold than silver! Very few apparentlyknow this! This and much more needs to be known by all investors!
CORRECTION: There is about 5 to 10 times more gold for investors to buy than silver. This includes bullion coins and bars. There is more above ground silver. The majority of it is not in bullion form (i.e. sterling candlestick holders etc. ) I know many reclaim silver used in jewelry but silver used in industry is another matter. I'd be interested to look at companies who do industry silver if any have Web sites.Photography used to be a major source of silver but with digital photography that market is almost gone.I've seen estimates of reclaiming silver from trash dumps using today's technology and they've been $10K to $20K an ounce. Pretty much a hand operation. For now I'll go with the many who say we're running out. There is a silver reclamation industry, they are refineries and even private individuals, I have a friend who refines himself in mass, when he has enough he has it further refined. People who develop film will save the silver halide crystals and have them refined. The problem is it is not yet cost effective to go through all the trouble of land fill diving.SILVER FOUND ALONG SIDE MANY METALS, FEW SILVER MINES ARE STARTED AS SILVER MINES. COPPER MOST COMMON. SILVER AND OTHER VALUABLE METALS FOUND IS JUST EXTRA PROFIT! REALLY "GOOSES" STOCK PRICE OF, SAY, LEAD MINE WHEN COMPANY ISSUES PRESS RELEASE SAYING "SILVER HAS BEEN FOUND". MAY ONLY BE 1000 OUNCES BEFORE VEIN RUNS OUT BUT SUCH VAGUE PRs HAVE CAUSED STOCKS OF BORING ZINC ETC MINES TO ROCKET UP 1000% IN MINUTES, ONLY TO CRASH WHEN VEIN RUNS OUT. OWNERS SELL STOCK QUICK!
CORRECTION: There is about 5 to 10 times more gold for investors to buy than silver. This includes bullion coins and bars. There is more above ground silver. The majority of it is not in bullion form (i.e. sterling candlestick holders etc. ) I know many reclaim silver used in jewelry but silver used in industry is another matter. I'd be interested to look at companies who do industry silver if any have Web sites.Photography used to be a major source of silver but with digital photography that market is almost gone.I've seen estimates of reclaiming silver from trash dumps using today's technology and they've been $10K to $20K an ounce. Pretty much a hand operation. For now I'll go with the many who say we're running out. There is a silver reclamation industry, they are refineries and even private individuals, I have a friend who refines himself in mass, when he has enough he has it further refined. People who develop film will save the silver halide crystals and have them refined. The problem is it is not yet cost effective to go through all the trouble of land fill diving.SILVER FOUND ALONG SIDE MANY METALS, FEW SILVER MINES ARE STARTED AS SILVER MINES. COPPER MOST COMMON. SILVER AND OTHER VALUABLE METALS FOUND IS JUST EXTRA PROFIT! REALLY "GOOSES" STOCK PRICE OF, SAY, LEAD MINE WHEN COMPANY ISSUES PRESS RELEASE SAYING "SILVER HAS BEEN FOUND". MAY ONLY BE 1000 OUNCES BEFORE VEIN RUNS OUT BUT SUCH VAGUE PRs HAVE CAUSED STOCKS OF BORING ZINC ETC MINES TO ROCKET UP 1000% IN MINUTES, ONLY TO CRASH WHEN VEIN RUNS OUT. OWNERS SELL STOCK QUICK!
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