Tuesday, December 4, 2012

Marc Faber: Investors Protect your Portfolio with Physical Gold

Marc Faber: Basically we are in an environment where central banks are monetizing debts and where the balance sheets of central banks are increasing, and this will continue, especially in the United States and Europe. We are also in an environment where in the long run, a lot of sovereign debts will either not be paid or will have to be inflated away. So owning some physical gold is a prudent insurance. I am specifying here 'physical gold' because one wants to protect oneself as an investor for the potential of a systemic collapse of the financial system. - in a recent interview

Jim Rogers : I’d rather buy silver than gold. I’m buying neither at the moment

Jim Rogers: On a historic basis, silver is cheaper than gold. Gold is down 10 or 15 percent from its all-time high. Silver is down 30 or 40 percent. So I guess I’d rather buy silver than gold. I’m buying neither at the moment. But if I had to, I’d probably buy silver today rather than gold. But again, I’m not buying or selling either. - in a recent interview

Monday, December 3, 2012

Eric Sprott Buys 9 Million Ounces, QE4 Announcement, Silver Inflation Correlation, Bailout Fund

Silver & Gold News for Sunday, December 2nd. including Eric Sprott, QE4, Stories such as: Sprott - We Will Go Public If They Don't Send Us Our Silver Inflation is a rise in the money supply not rising prices. Silver and gold are simply reflecting the drop in purchasing power of the dollar. With all the Worthless funny money the Fed is creating gold and silver are going much, much higher.

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