NEWS ON BOOZE : THE TRUTH THE NEWS WILL NOT TELL YOU . Your Source of Daily Alternative & Independent News a daily follow up of Investigative Journalists Whistleblowers Conspiracy Theorists Truthers Visionaries and Freedom Fighters . Freedom is real and attainable
Bob Chapman : John Williams of shadow stats is the best in the business when it comes to giving the right figures of inflation which is around 10 percent ...there is a hyperinflation coming if the FED continues its games debasing the dollar , and there is only one place to go and that is Gold and Silver says Bob Chapman of the International Forecaster...
Is there anything that can stop silver's ballistic rise? The precious metal flirted near the $50 mark yesterday. Peter Schiff, of Euro Pacific Capital gives his insight .
Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....
Today again not only did gold hit another record above $1,500, we're at 1,510 right now. just for the past month gold up nearly 6%. But could this precious metal reach $5,000 an ounce in the next few years as forecasts Rob McEwen, US Gold Corp. CEO ? .
Rob McEwen, is chairman and CEO of u.s. gold, is forecasting gold at $5,000 an ounce in the next three to four years. : " ... we've seen it in the last 110 years happen twice before and this is the third time that gold is a favorite asset relative to equities and other assets. in terms of -- in times of financial stress, you have people going towards the precious metal. " " ... we've had 30 years of credit expansion of the likes we've never seen before in the world. and currencies have been the base and gold is money. it's the ultimate currency. and that's why people are starting to move to it. but you only have about 1% of the financial assets in the world represented by gold right now "
