Bob Chapman on THE POWER HOUR with Joyce Riley - Jan. 9, 2012 the downside in the european economies is going to be reversed because of the money that the ECB has received from the FED as a swap and which will be used to bailout the European economies , so 2012 is not going to be the dire year that many are expecting says Bob Chapman .....
Monday, January 9, 2012
The Story of Gold since 2001
The Story of Gold since 2001 : in 2002 silver was 4 dollars an ounce. u needed 50.000 ounces to buy a 200k home. soon you will be able to buy the same home with 500 ounces. that's an increase of 10.000 percent. its ridiculous but true.it's not so much an investments as it is a way to preserve purchasing power. Look at a chart that is longer than a week. The USD has been declining for multiple decades. Gold has gone up in a straight line for the past decade. Purchasing power is being stolen away from people. They can't do that to gold, as it can't be printed. It is, and always has been, real money.yes, gold doesn't go up relative to the dollar ever single day or even week. But since 1913, the dollar has lost 95% of it's value. Gold has retained all of it's value. The dollar is declining (but not every single day). I guess when you say "investment" you are referring to something that you will hold for a few days or weeks.
Bob Chapman - Silver in backwardation for a long time
Bob Chapman - James Corbett Interview - Jan. 9, 2012 : the silver has been in backwardation for a long time , and the premiums on physical silver are at an all time high , Bob Chapman was the only commentator that since the MF Global debacle said since day one that nobody is going to lose any money , and this is exactly what happened as the clients of MF Global got their money back recently
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