Jim Rickards: Gold should be $7,000 - Gold is Money

Jim Rickards : Gold is money , Warren Buffett is wrong when he said that gold is an investment , it is not an investment it is not a commodity , it is money , if you like money you should have some Gold , ultimately Gold will go to $7000 an ounce it is the price based on the amount of money supply it won't get there for several years and whether it gets there through some kind of presidential commission that starts the return to the gold standard that's what I would certainly favor the other way is through the chaos where there is a sort of sub-sequential collapse of paper currencies and then we go to gold on more emergency basis it other way we got to reconcile the price of Gold to the money supply , when you do those ratios those are the prices you get .... 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)

This Gold Pullback is totally Normal

This Gold Pullback is Normal says Aaron Smith, managing director at Superfund Financial  : the bond market is the biggest bubble , Gold is money it was money for the last 3000 years and this is not going to change for the next 3000 years . China and India small invstors are pouring into physical gold ."We saw a normal pullback yesterday in the gold price, nothing really different from what we saw in silver a couple of moths ago, when silver went parabolic. So this is totally normal," ,He added . Smith said he sees "lots of support for gold at $1,650, the long - term 150 - day moving average is way down at $1,500, so there's plenty of breathing room for gold to move around without having a correction or a turnaround."


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)

Peter Spina interviewed by James Turk on Gold and Silver

James Turk, Director of the GoldMoney Foundation, interviews Peter Spina, CEO of GoldSeek.com, about his views and outlook for the gold and silver market the monetary market , how he started Goldsek in 1995 to become one of the most visible preciouse metals websites on the internet ....