Max Keiser gold and silver are a currency they are no a commodity and it is restoring itself as a store of value which it has been for the past 5000 years , since the paper money experimentation in the last 40 years is over (since 1971) ,the US dollar is going to be waked driving gold and silver prices to the moon
With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.JFK ordered the Treasury to print US currency instead of the Rothschild Federal Reserve Notes supported by the Rothschild illegal income tax. The US bonds, held by the Fed for our Fed currency, pay many billions in interest annually to the Bankers. With a "stroke of the pen" JFK would cost them trillions as well as their domination of global money and finances through debt and speculation.
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Wednesday, April 20, 2011
Gold prices hit a new record high
Gold prices hit a new record level when the $ 1500 an ounce mark was reached for the first time in the history of the precious metal .
The rise comes after the credit rating agency Standard & Poor's for the first time reduced the long-term debt rating of the United States from stable to negative, and as the depreciation of the dollar against major currencies continues.
And comes amid growing fears about the worsening U.S. fiscal deficit, and the crisis of European sovereign debt.
One of the issues that have contributed to the rising prices of the yellow metal in recent months, are the middle east revolts erupted, which caused a large rise in prices of raw materials in general, including crude oil and grain, which led to raise fears about inflation and rising prices.
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)
The rise comes after the credit rating agency Standard & Poor's for the first time reduced the long-term debt rating of the United States from stable to negative, and as the depreciation of the dollar against major currencies continues.
And comes amid growing fears about the worsening U.S. fiscal deficit, and the crisis of European sovereign debt.
One of the issues that have contributed to the rising prices of the yellow metal in recent months, are the middle east revolts erupted, which caused a large rise in prices of raw materials in general, including crude oil and grain, which led to raise fears about inflation and rising prices.
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)
Jim Rogers Silver will get triple digits this year
Jim Rogers : ...the thing that caught people's attention is that gold was going up so much that's the wrong way to invest , Look I own gold I own silver but where were these guys five years ago ten years ago that's when they should have ben doing all of this (buying huge amounts of silver) unfortunately for all of us most investors do not notice something until there is nice bull market in place such as with gold and silver , after ten years of price rises in gold people are starting to notice ...and yes there will be more people buying gold eventually everybody is going to own gold and then we will have to sell our gold but that's a long way from now ....
If silver continues a parabolic move I have to worry , all parabolic bubbles pops at the end , unless there is a currency crash , if silver goes up to $150 without a currency collapse I would worry says Jim Rogers
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)
If silver continues a parabolic move I have to worry , all parabolic bubbles pops at the end , unless there is a currency crash , if silver goes up to $150 without a currency collapse I would worry says Jim Rogers
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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