2000 years ago 1/10 of oz could buy you a goat. Today 1/10 of oz can still buy you a goat...It's not that the Gold is expensive. It's the Dollar that is cheap...The Fed is planning 2 more rounds of " quantitative easing " ( monetizing the debt). So hyperinflation is a real possibility.German company is installing "Gold to Go" vending machines. They opened their first of 5000 gold ATM machines in Abu Dhabi and are focusing on Germany, Switzerland and a few other countries.Gold is becoming ever more popular, this is another good example of the new gold rush.
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)
Wednesday, July 20, 2011
Bob Chapman - The Financial Survival - 20 July 2011
Bob Chapman : the chances of gold and silver going up a 100 to a 150 percent are excellent between now and the end of February of the next year so what are we talking ? $2000 to $2500/oz $3000/oz and in the silver $80to $90/oz we gonna wait to see , they made a terrible mistake because they used a margin in the COMEX but in the retail they raised their margin to 42000 by doing that they wiped out all the small and medium sized players so there is no resistance on the upside cause everybody is gone and they can't handle 42 percent margin requirement so the only ones that are left are the people and the parties who can afford to be able to go in the market and essentially pay cash so it is big hitters versus big hitters, so the JPM HSBC cartel got a problem as you will see the prices of silver will go up over $50 and the prices of gold will go for new highs ...there will be an explosion in prices when they will try to cover their shorts ...
Andy Schectman : Silver out selling gold 65 to one
Andy Schectman Miles CEO of Franklin Precious Metals says "we are seeing a tremendous demand for silver in fact silver eagles are out selling gold eagles and buffaloes 65 to one " the demand for silver is higher than that of gold and remains strong despite the drawback that we saw in May . "Silver is a Powder Keg Waiting To Explode" Andy Schectman says , silver has been more manipulated than Gold , the Silver to Gold ratio could come down to a single digit number says Andy , the big money in Europe is very nervous to what happens to the euro so there is question that some of that money will move into the safe heaven of Gold
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
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
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