Gold will continue to climb

How long can gold keep making new highs? Insight with Paul Sacks, Aurum Options Strategies principal gold trader.Paul is not worried about the parabolic run of the Gold although he says there may be some sell offs from now on " as you've stated, gold is up about 17%. up over 50% year over year. the easiest thing to say is that a sell off is coming. i just don't see it. i think we're going a lot higher into the fourth quarter and into next year. I think gold will spend next year over $2,000 an ounce" he 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 : England sold Chavezs Gold long time ago

Bob Chapman - RADIO LIBERTY - August 22, 2011

Bob Chapman : I think Mr Chavez is taken one more bite at the US tail , he is asking for 99 tons of Gold which is similar to what Mexico bought in February and March this year it is worth about probably 6 billion , now let me tell you what's going to happen here , first of all England does not have the gold they sold it long time ago and Chavez knows that so England will have to do one of two things they got to borrow the gold from another central bank that in fact has gold or they default so when they will do that I would think that Gold will jump a thousand may be fifteen hundred dollars in about two week period

Bob Chapman : this is just the beginning of phase 2 in Gold there will be phases 3 , 4 , 5

Bob Chapman : Gold is the new world reserve asset , and the cherry on the cake is the inflation and later on the hyperinflation , you got at least $8000 on gold and $400 on silver do not even think just go and buy gold and silver coins shares and bullion , I go fifty fifty  In Europe they finally realize that no matter what they do they cannot solve the problem and if they try they might bankrupt themselves . this is just the beginning of phase 2 in Gold there will be 3 , 4 , 5 phases , you got to get your money in gold and silver coins bullion and shares