Bob Chapman - PATRIOT FRIDAY SHOW - Jun 4, 2011

Bob Chapman : what we have is the working at the financial market which is legal it is an executive order and they use that to manipulate the market so we do not have a free market that's the kind of things we have to put up with , the federal reserve is privately owned and the people who own the federal reserve are short silver in a big way and they continue to try to suppress the price because they would like to see the price much lower so that they can buy back their position and not make as much loses as they would otherwise....

What is Money & Why Silver is better than Gold

There are 8 primary characteristics of Money it has to be Identifiable, Portable, Divisible, Durable, Homogeneous, Stores Value, Scarce, and Hard to Reproduce , only precious metals and particularly Gold and silver meet all the requirements for being Money , this is true in stable times , but in unstable times anything goes as money as people more likely turn to barter .the reason fiat money is not true money is because it is not scare nor it is hard to reproduce , now they can create fiat currency in banks hard drives with a couple of computer key strokes . ETFs SLV and GLD are only a promise of money so do not confuse them with the real physical gold and silver , there is a 100 to 1 ratio between paper silver and gold to the physical . between gold and silver I prefer silver because silver is cheaper so you will get more silver ounces than gold ounces for the same price , the current silver to Gold ratio is way out of whack in that it should be below 30 to 1 , finally silver is consumed in industry while gold is hoarded therefore silver is disappearing in the land field and is essentially gone forever in relation to industry Silver has over ten thousand necessary uses from healthcare to electronics and the demand will not go away , while gold will preserve wealth in relation to currency that is decreasing in value silver will go up in value because it is both a commodity and an industrial metal , anyway you are better off with gold and silver than with fiat phony money currency




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

James Turk : GOLD $8,000 & SILVER $400 between 2013 and 2015

James Turk : ...well let's step back and look at the long term point of view I am sticking to my long term forecast that sometime between 2013 and 2015 Gold will be about $8000 and ounce and Silver will be about $400 an ounce , the ratio between the two metals will be 20 ounces of silver to buy one ounce of gold , I made this forecast back in October 2003 , obviously when the price of gold and silver was much much lower , the point I am making is that we are in a financial bust and during a financial bust like the one we have been in for several years and still few more years to go people move out of financial assets and move into tangible assets because they are looking for a safe heaven , they want to avoid counter party risk and the safest of all heavens are the precious metals because they are tangible assets with no counter party risk , so for the longer point of view we are still heading into a much much higher , you mentioned the way I approach the market which is to continue accumulating , do not view gold as an investment it really is not an investment because it does not generate cash flow it's really money and when you accumulate gold you are actually saving money and saving money is a good thing , at some point in time in the future we are gonna take these savings and either invest them or we gonna spend them or just continue to hold them , at some point in time in the future gold will be at the maximum and you want to take advantage of everything that you are saving now through the these difficult economic and financial times , in regard to the short term , I am looking for a a pop up in gold price this summer and it relates back to what happen in the summer of 1982 when the Mexican government defaulted on its debt and it sent gold up 50 percent in three months and a double in six months , the circumstance today is very similar , the government ready to default though is not Mexico , it's Greece Portugal Ireland may be even Italy who knows , any number of countries that will be defaulting on their debt and when that happens I think that could really light a fire out of the Gold price so ...be prepared for an upside jump in the gold price this summer ....