Bob Chapman : The Gold Standard is the solution

Bob Chapman : " I think they should default , why should we let the bankers the people that control our government continue to do what they are doing which is just building a bigger and bigger and bigger Ponzi scheme , this problem is not going to go away doing what they are doing is not a solution , with QE1 they saved the financial institutions temporarily , QE2 they saved the government temporarily they have not solved anything , unemployment is going higher , ....." "  these people are making too much money and they do not want to stop they do not care what the consequences are "   " may be (and nobody knows that ) the banks own 20 percent of all the above ground gold in the world , so what ? the rest of the world owns 80 percent and is they are kept solvent because we go to gold standard and it works very well there is nothing wrong with that , what is concerning is the manipulation of the system , when you do not have gold backing the temptation is so great to go mad , just take for instance since 2000 the federal reserve has done every single year increasing money and credit one way or the other probably an average of ten to fifteen percent and during that eleven year period of time the price of Gold and silver annually against the nine major world currencies all of which are fiat , they lose more than twenty percent a year because there is no control and what Bill Still advocates is no control ...." 

Gold soars to record highs

Gold Hits Record High after the latest read on the economy came in weaker than expected. Insight on how one gold producer is posting profits, with Richard O'Brien, Newmont Mining president/CEO. "what i would say is what i said a while ago which is i think $1600 gold. i actually thought it might come next year but i think given some of the central government issues, not just here in the u.s. but around Europe, i think we're going to continue to see pressure on gold prices. i just remind all of your viewers that gold in nominal dollars actually from its high from many years ago, $800 would be over $2200. so while we talk about a record high, it's important to know its record in nominal dollars. i do think we continue to see a trend up. i think we're headed to $17.50 next year. i would readjust my estimate and i think we will continue to see pressure on gold prices for many years to come," Richard O'Brien said






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 & Ted Anderson on Dr Deagle Show - 27 July 2011

There is so much demand fort Gold and silver that they are not able to manipulate the markets for more than a couple of days says expert Bob Chapman , the government has plenty of money there is no reason to extort people telling them they are going to lose their checks , the real reason even though Obama is a socialist may be even a Marxist but he takes his orders from Wall street , what they are after here is they want to cut off social security and medicare in the worse way get rid of the useless eaters , starve them to death , that's what this is all about and you won't hear this anywhere else says Bob Chapman