Gold hits New record high near $1,500/oz

Gold hits New record high near $1,500/oz



Gold prices rallied toward record highs near $1,500 an ounce today amidst inflation concerns in China debt crisis in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9
At the New York market.While In London, prices are stable at $1493.9 it's a combination of factors that is propelling the Gold , the dollar decline, rising crude oil prices unrest in the middle east and worries about sovereign debt problems in Europe.

David Morgan : The Collapse of The Dollar

Economist Silver Guru and author David Morgan reenacts a dramatic scene from the Movie ROLLOVER (1981) a frightening worldwide currency crisis that may as well happen in our time probably very very soon , this movie is amazing quite prophetic knowing that it was produces back in 1981 , in the movie the crisis was triggered by the arabs withdrawing all their money from US Banks , the dollar become worthless paper gold price fly to the moon , David Morgan quotes Warren Buffet calling those derivatives Financial Mass Destruction

Bob Chapman QE3 is on its way

Bob Chapman - Radio Liberty - 04-18-2011

Bob Chapman interest rates are going to go higher the OPEC nations are stopping buying US Dollars , they instead buy gold and other currencies , other currencies are not the answer to the dollar only gold and silver and related assets are the answer , nobody is going to buy US treasuries except the FED which will do it with money created out of thin air , there will definitely going to be a QE3 cause there is nobody buying US Treasuries