Silver & Gold : There is some dislocation in the Physical Market

Gold hit a one-week high on Tuesday, gaining 1 percent on strong physical demand, and as Chinese inflation data boosted the metal's appeal as a hedge.
The metal's second consecutive daily gain was sparked by data showing China's annual consumer inflation accelerated more than expected in June.
Signs of tightness in gold forward market also boosted investor sentiment.
News that the 1-month and 3-month Gold Forward Offered Rates (GOFO), rates at which bullion banks are prepared to lend gold on a swap against U.S. dollars, fell for the first time in years underpinned gold prices.
"Clearly there is some dislocation in the physical market and maybe because demand has been surprisingly strong that has caused some temporary shortages," said Societe Generale analyst Robin Bhar, adding that there has been a lot of gold borrowing in the last 24 hours.
(Read More: China Remains Entrenched in Producer Price Deflation

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki ‏: Great opportunities are not seen with your eyes. They are seen with your mind

Robert Kiyosaki ‏: Great opportunities are not seen with your eyes. They are seen with your mind.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

The Real Price of Gold - Important Repost

 http://ngm.nationalgeographic.com/200...

The Real Price of Gold

By Brook Larmer

Photograph by Randy Olson

Like many of his Inca ancestors, Juan Apaza is possessed by gold. Descending into an icy tunnel 17,000 feet up in the Peruvian Andes, the 44-year-old miner stuffs a wad of coca leaves into his mouth to brace himself for the inevitable hunger and fatigue. For 30 days each month Apaza toils, without pay, deep inside this mine dug down under a glacier above the world's highest town, La Rinconada. For 30 days he faces the dangers that have killed many of his fellow miners—explosives, toxic gases, tunnel collapses—to extract the gold that the world demands. Apaza does all this, without pay, so that he can make it to today, the 31st day, when he and his fellow miners are given a single shift, four hours or maybe a little more, to haul out and keep as much rock as their weary shoulders can bear. Under the ancient lottery system that still prevails in the high Andes, known as the cachorreo, this is what passes for a paycheck: a sack of rocks that may contain a small fortune in gold or, far more often, very little at all.