Wednesday, October 19, 2011

Eric Sprott : The market has determined that gold is the reserve currency

Eric Sprott :..based on the evidence that we all see of the massive amount of silver buying vis a vis Gold where people are putting almost as many dollars in silver as they are putting in Gold but the price is fifty times different yet the same amount of money is going in and the availability for investment is in a ratio of about : there is twenty times more gold in dollars to buy than there is in silver dollars to buy for investment yet the money is going in a one to one , I know it is some kind of mathematicians but that cannot carry on something is going to give here so that's why I think that the silver price in the next decade will do better , I believe that the market has determined that gold is the reserve currency it outperformed everything by a wide wide range not even close to been comparable to anything

Bob Chapman - National Intel Report Hour 2 - October 18, 2011


Bob Chapman : there 2.76 trillion injection of leverage and in Germany that is illegal they got to have a referendum and a vote for that to happen and we see no chance of it passing that's why they are attacking gold and silver and commodities all they are doing is gaining time trying to keep the market up , they are criminals

Gold is set to shoot up like a rocket over the next weeks

Even George Soros came out recently and said that we are facing a double dip recession , so over the next few weeks with all the problems coming from the Euro zone and the US economy facing double dip recession you are going to see rising gold prices we are going to see a flight to safety in the precious metals , all the fundamentals are in place to set the gold explosion , the safest way to invest in precious metals is to physically hold on to it yourself that way there is no counter party risk you are not going to get a margin call by a broker saying you owe us more money or you are going to lose your whole position , you are in control ...

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