Jim Cramer : no portfolio is complete without GOLD

Jim Cramer : Gold is not in a bubble , gold is not just another commodity , Gold is a reserve currency an incredibly scarce currency  "....the seemingly inexorable rise in the price of gold. now, i have said it a million times and I'll say it again, your portfolio, no portfolio's complete without some exposure to the pressure metal. from 2000 to 2010, gold increased in price every single year. and over that period, it beat the performance of the s&p 500. i think it has the power to go higher. see, gold is not in some kind of a bubble. you hear that chatter all the time. I've been hearing since I've been recommending it when the show started. i know people look at the rally over the last few years and conclude it's got to be a bubble, it has to be a bubble. anything that goes up that far that fast is doomed to crash down harder and it's some sort of law of gravity that's supposed to govern the markets. it doesn't work like that, ladies and gentlemen, it's not a bubble. this is, in fact, one of the simplest and easiest to understand stories out there, and it's not about interest rates. this is a scarcity story that's all about supply and demand. people all over the world want to own gold because it holds its value when paper currency is being devalued as it is all over the world. the amount of money that's being printed globally is outrageous. and gold, this stuff, is the best hedge out there against the power of the printing press. you know it even worked in Germany, it will work again. and that's why there's so much demand for gold in the people's republic of china. the people there don't trust their government. they certainly don't trust their currency. it's why central banks have been buying the stuff, they used to be sellers. gold is not just another commodity like copper, aluminum and lumber, it's a currency that hold its value. you don't bring lumber to -- when you're on the road, you don't say, hey, I've got lumber with me, it's worth something everywhere i go. this works everywhere. and even better, it's an incredibly scarce currency. the scarcity value alone is enormous. because it's not like we've been finding vast new gold deposits. as someone who went to the exhibit of king tut in Cairo, it helps to remember there was more gold in that one exhibit than found in the entire world in the last few years. it's a pretty limited supply of the stuff, but demand keeps increasing. limited supply plus higher demand equals higher prices. now, throw in the fact that gold's the world's oldest status symbol. and you can understand the demand for jewelry coming from rising middle classes and fast-growing emerging markets like china and India. this demand from Indian wedding season alone is enough to make gold a terrific buy at the beginning of September every year. sounds crazy, right?"


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)

Silver to shine in global, not national, currency crisis

Weimar Germany had hyperinflation, yet the silver to gold ratio was 100:1 because the international system (based on gold) was still strong. But when the international system breaks down, the cultural memory of silver will resurface.I think we have about 30 days before the Big collapse happens. I am convinced that our gov is not gonna raise the debt ceiling by Aug 2, 2011... If this happens we lose our AAA rating and that I believe will be the beginning of the end of the dollar. If I'm wrong than they just postpone it till next year and QE3 will kick in... Either way we will ultimately have silver go way way way up from here after a temporary decline in silver.Have you noticed how DRIVEN the Prez. is on this recent debt ceiling issue? Something is up........ something serious. Maybe the entire economy/financial mkt. is teetering on this. We will certainly see soon enough! And I'm in agreement to 30 days for this to pop .The early 1900s were an almost unique time for silver , in that silver had just been de-monitized while at the same time there was a huge amount being mined adding large supply. It made sense that silver did not 'shine' then despite the various crises during that time.I've also heard that the Hunt's were even hoping to start a new financial system which was to be based in Texas, which would have competed with what they alleged to be the Eastern Establishment and their agents, the Rockefellers.Because of usage and the amount being mined doesn,t match silver demand it should go up without any currency failure. As the mined silver ends, geologist agree it will happen in less then 10 years and some say as little as 7 they will have to get industrial silver from bulliob, old coins, sterling. without total collapse, even a slow daown will pospone this andthen for not long silver must rise



Is silver culturally embedded? Even among baby boomers? Do people equate silver and Kennedy? Today there are people who don't know who Kennedy was, (or his killer) or who Jack Ruby was. People will start remembering their history? Quite a task for the apathetic at large.

The shoe repair in NYC has a sign "buying gold and silver" The public does not seem to notice that on every block in every town is a sign that says buying gold and silver. The signs are everywhere, but the remembrance?


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 interviews Philipp Vorndran

Philipp Vorndran of Flossbach & von Storch and James Turk, of the GoldMoney Foundation, about Gold Silver the debt situation in Europe Greece Germany Belgium Italy the UK the Gold standard the future of capitalism and much more : "for every one hundred dollars the US government is now spending 40 percent comes from debt only 60 comes from revenue , historically whenever you are at that 40% level you are very very close to hyperinflation , it shows that the market is not willing to lend to the government and if the government does not cut its spending , the central banks steps in and turns that government debts into currency which is exactly what happened here (in Germany ) in the 1920s with the Reichsmark " says James Turk



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)