Gold Prices to Hit $5000 says Yan Chen

Gold prices may hit $5000, says Yan Chen, head of metals and mining at Standard Chartered. He foresees potential production shortfalls as more central banks turn from being net sellers to buyers of gold, pushing the supply-demand balance out of kilter.there will be a lot of gold buying going on in China cause the Central Bank in China has less than 2 percent of foreign exchange reserves are actually held in gold they want to be a real world central bank and for this they need to buy a lot of gold , China central bank may need 6000 tons of gold to bring its gold holding to the world average and that's more than two years of mined production in the world




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Silver is a saving not an investment

David Morgan this morning in an interview with the street.com said that he thinks that the end of QE3 by the 30th of this month is Bernanke's way of testing the gold market and measuring inflationary fears , Bob Chapman of the international forecaster agrees and he recommends hoarding silver and gold for the long run the demand for silver be it as poor man's gold and as safety heaven against the collapse of the dollar , but also as an industrial metal thanks to the increasing demand for the renewable energies particularly the solar energy , today the Italians voted with a majority to stop all the government nuclear plans for the future and to obviously turn towards renewable energy the trends is worldwide especially after the Fukushima incident , it takes roughly 20 grams of silver to complete a solar panel this without counting all the circuitry which will need silver the best electrical conductor amongst all metals ....


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

Gold will go significantly higher says Michael Yoshikami

As QE2 is about to end Michael Yoshikami, Founder and CEO of YCMNET Advisors expects gold prices to climb significantly higher than current levels as economic uncertainty persists: " our basic theory about gold is that you should buy gold " he says " it will go significantly higher than where it is now even though it is trading at 1500 an ounce ish , I still believe it will going to get higher as we continue to have more economic uncertainty and most importantly as countries start to transfer some of its internal currency reserves from foreign currencies US currency Euros etc into more tangible assets that they believe they can trust and they have more control over "