Friday, August 19, 2011

Buy Gold anytime you can do not worry about the price

Bob Chapman - The Financial Survival 19 Aug 2011

Bob Chapman : I have been saying over and over again you do not buy dips , you do not know when they are going to happen , you do what I do , you buy every single month , you are in an 11 year bull market the trend is your friend you do not think you buy , I do not care what I pay , gold is going to a minimum of $8000 , do what Bob Chapman does buy every month if you have money , and you should not be in the bond market or the stock market or the CDs or cash value life insurance policies , get rid of them .... you got to get Ron Paul in office unless you want to fight in the streets , we have to do everything possible to get him elected ...this is your last chance ...if we do not get him we are cooked ....

Peter Schiff : Gold is money everything else is a poor substitute

Peter Schiff on RT America 19 Aug 2011 : Gold is a safe heaven treasuries are not , people who buy Treasuries think they are safe heaven they are mistaken and when they will figure it out they will go to gold , Gold is not in any bubble because if this was a bubble or a mania you would expect gold stocks to be outperforming the metal because that's where all the speculative money flows ...there is no floor to the fiat currencies as they keep printing them so there is no ceiling for gold to go to , Gold is like a thermometer on the economy , the yield on treasuries is negative , so how you get safety with a negative yield ? I think the people who are going to lose the most money are the people who are in bonds , people will lose more money in bonds than in stocks ...Gold is the one place there is not a bubble because gold is reflecting the loss of purchasing power of fiat currencies , Gold is not going up it is paper currencies that are losing value ... Gold is money everything else is a poor substitute


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)

Mexico wants to back its Peso with Silver

BOB CHAPMAN - A MARINES DISQUISITION SHOW - 18TH AUGUST 2011

Bob Chapman : Mexico which is the second largest producer of silver in the world is thinking of backing the Mexican peso with silver , it is hard to find the centenarios in Mexico , South Africa is nationalizing its gold and platinum mines , they are going to make a mess out of them , production will fall , more African countries can follow in nationalizing their mines .....
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