Bob Chapman - Ringside Politics July 20th

Bob Chapman with Jeff Crouere - Ringside Politics July 20th

Bob Chapman : what would happen if they do not increase the debt ceiling , the credit rating of the United States will drop , people with bonds won't get paid it will spread to other entities as well such as municipal bonds area , it will also affect the corporate bond area because yields overall will go higher because of the risk evolved the risk would be that the credit rating of te united states dropped because as Ron Paul said US has an unplayable debt , Michell Bachman is right about not wanting to vote to increase the debt ceiling but the problem is anybody else ready to bite the bullet

Jim Rogers : GOLD price is going to go much higher no matter what happens

Jim Rogers :  I do not have a forecast I am just watching , if the dollar turns to confetti then you pick the number there is no number of how high it will go if it continues to be priced in US Dollars ,so it is not a question I even think about , because  I am just watching to see how the world evovlves I know it is going to go much higher no matter what happens , if the world turns paper money into confetti which look like it might do then there is no top for gold and silver and real assets 


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)

Bob Chapman on The Sovereign Economist 20 July 2011

Bob Chapman : silver is going to go up stratospherically , what they did when they increased these margin requirements is that they wiped out every small and medium investor who just could not afford the margins , now on the way down they cleared every body out , but guess what the market works on both ways now on its way up there is no overhead resistance because there is nobody there anymore they destroyed their own game , that's way Silver is going back to $50 shortly ....