Friday, September 9, 2011

JULIAN PHILLIPS : Central Bank Gold Buying & China Role in the Gold Market

JULIAN PHILLIPS : as an investor in Gold mining shares I would tend to put a big circle around those countries able to take locally produced gold into their reserves those deposits will be far less vulnerable , not entirely without vulnerability but certainly far less vulnerable to such policies (Gold confiscation ) Europe is a classic example of a fixed currency system , you got a strong Germany which actually needs a strong Deutschmark , you got a weak Greece which needs a weak Drachma you put the two together under a one currency that's a fixed exchange rate and the end result you can possibly have is all the capital finds its way into northern Europe leaving Greek investors invested up north and not in their own economy , making sure that Greece remains a nice holiday resort period , so fixed exchange rate I think are a disaster for a range of economies worldwide


Thursday, September 8, 2011

Bob Chapman : Lloyd Blankfein may be indicted for fraud

Bob Chapman on Progressive Radio News Hour with Steve Lendman

Bob Chapman : The Banking community both here in the United Stats and in Europe have gone over the edge , they have gone too far , the design is burried in greed , they just could not make enough money ...that's why they are going to probably indict Lloyd Blankfein the CEO of Goldman Sachs for fraud

Numismatic silver vs Silver bullion

I think bullion is best at the cheapest possible price. I own a roll or Silver Eagles but the rest of my holdings is bullion. You have to ask this question: what r the chances that the premiums will OUTPERFORM the underlying bullion. And in my opinion the odds are low. If Silver doubles the premium would also have to double just to keep up and I don't see that happening. .numismatically......a­nd i tend not to buy for the art...way over premium....and at the end of the day ..its the melt value of silver that people will pay for....imagine...if we ever get to a situation where we end up using silver and gold for barter/purchasing.....numismat­ic value may not be a consideration.......but hey...then again you may be right.....either way  - its silver!!!...and those who have it will be set!!

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