Both Gold and Silver hit today all time heighs ,the bull market continues due to different factors , amongst which the weakness of the US Dollar the industrial demand from japan (regarding Silver ) the bad news about the housing market and also the fears regarding a new QE3 and the FED continuing to print more US Dollars and dump them in the market....
Thursday, March 24, 2011
Silver prices shot past $38 today
Silver prices shot passed $38 and gold price is at $1446.00 an all time high
The bottom line is 1) we will have a collapse because nothing will be done except maybe delay it slightly, we're so far past the point of no return, and 2) when it does happen, the government and fed will be as secretive and creative as possible to forestall or deny it, point to scapegoats, cover up its role, etc. so don't expect to get an official memo urging people to prepare, and 3) when it does happen, it will be ugly at best and medeival at worst so we must prepare.
Debt peaked. But we were talking about inflation versus deflation. The fed doesn't "print", it electronicaly puts money into accounts that is used the same as printed money. All this money creation is causing prices to rise same as if the fed had used the printing press- bottom line! Money creation is why prices are going up in the mideast and begining to do so here on all but housing. . So far the trend is dollar depreciation but it's possible you are right. I would argue that, as people get margin calls on their unrealized futures losses (m-t-m), they can use electronic money or send checks against their electronic money in their bank accounts to meet those requirements. Also, for every loser there is a gainer who gets the money, and ultimately if we have inlfation, whoever gets it will spend it quickly.
The bottom line is 1) we will have a collapse because nothing will be done except maybe delay it slightly, we're so far past the point of no return, and 2) when it does happen, the government and fed will be as secretive and creative as possible to forestall or deny it, point to scapegoats, cover up its role, etc. so don't expect to get an official memo urging people to prepare, and 3) when it does happen, it will be ugly at best and medeival at worst so we must prepare.
Debt peaked. But we were talking about inflation versus deflation. The fed doesn't "print", it electronicaly puts money into accounts that is used the same as printed money. All this money creation is causing prices to rise same as if the fed had used the printing press- bottom line! Money creation is why prices are going up in the mideast and begining to do so here on all but housing. . So far the trend is dollar depreciation but it's possible you are right. I would argue that, as people get margin calls on their unrealized futures losses (m-t-m), they can use electronic money or send checks against their electronic money in their bank accounts to meet those requirements. Also, for every loser there is a gainer who gets the money, and ultimately if we have inlfation, whoever gets it will spend it quickly.
Gold and silver reaching new heights - Silver at $38.10, Gold at $1,446.35.
Gold hits an all time record benefiting from the financial uncertainty created by the Portugal debt and possible bailout , Silver is benefiting from the reconstruction of Japan which was hit by an earthquake and a Tsunami , both Gold and Silver becoming in the eye of the masses a safe heaven to run to in times of uncertainty and a hedge against Inflation
The idea of purchasing Gold and Silver is to not get rich or to make gains, even though this will happen. The reason why you buy gold and silver is to maintain your purchasing power in this sick gone mad world we live in. There is your answer. Paper money will be worthless, yet it will be used until they will not accept it anymore. Until then maintain your purchasing power buy buying gold and silver. Go to my page and get more understanding.
The idea of purchasing Gold and Silver is to not get rich or to make gains, even though this will happen. The reason why you buy gold and silver is to maintain your purchasing power in this sick gone mad world we live in. There is your answer. Paper money will be worthless, yet it will be used until they will not accept it anymore. Until then maintain your purchasing power buy buying gold and silver. Go to my page and get more understanding.
McEwen : Gold is in for a big cycle, will rise to $5,000
"Gold will rise to $5,000 an ounce in the next three to four years as governments across the globe fuel money supply and raise the prospect of currency debasement, " Robert McEwen, chief executive officer of U.S. Gold Corp., told Bloomberg Television today . Gold is benefiting from the Financial Uncertainty created by Portugal debt and possible bailout by the EU .The price of gold today surpassed the record of $ 1,444.95 reached on March 7 a historical highs never seen before .
Wednesday, March 23, 2011
Donald Trump : Obama needs to show the birth certificate.
Donald Trump : “I want him to show his birth certificate. I want him to show his birth certificate,” he said. “Everybody else has to. Excuse me. I really believe there is a birth certificate. Look, she’s smiling. Why doesn’t he show his birth certificate? I wish he would. I think it’s a terrible pale hanging over him.” Donald Trump said when he was asked whether or not he believes Obama was born in this country , Donal Trump could run for the presidency of the United State in 2012 , he will announce his decision in June
Silver American Eagle
Silver American Eagle : The history behind this silver coin is very interesting along with the investment potential. We also discuss what to collect from the American Silver Eagles. This is a coin that anyone can collect.If you're ordering within the US, APMEX is great! They have competitive pricing, a good variety of products, and excellent customer service. I just enjoy browsing the site and drooling, even when I'm not ordering. Reportedly, they're working on expanding their market outside the US, so it's worth keeping an eye on them
Much Praise most be set forth for South Africa for they are the first to coin gold bullion pieces - uniquely enough such coins attain no face value. South Africa Gold is the pinnacle of ambience for abundance in the world. The last time the U.S. Mint minted silver dollars was 1964 whereas 200,000 Peace Dollar Variety pieces were struck at the Denver Mint but matters prompted the Silver Dollars to be melted and it's a certainty that none escaped the Mint
Much Praise most be set forth for South Africa for they are the first to coin gold bullion pieces - uniquely enough such coins attain no face value. South Africa Gold is the pinnacle of ambience for abundance in the world. The last time the U.S. Mint minted silver dollars was 1964 whereas 200,000 Peace Dollar Variety pieces were struck at the Denver Mint but matters prompted the Silver Dollars to be melted and it's a certainty that none escaped the Mint
Donald Trump Interviewed by Darren Hardy
Donald Trump Interviewed by Darren Hardy at the ACN International Convention in Charlotte, NC in September 2010. Donald Trump expresses his views on the nation.if he will run. He definitly looks like the bulldog this country needs that will stand his ground. Pro life, anti gun controle, make this coutry strong again.Donald Trump continues to keep his name is the mix a as potential candidate for the 2012 presidential race.Donald Trump is inspiring when he speaks about foreign policy I
I think Donald Trump knows more about foreign policy . Trump wants to dismantle OPEC and tax China. I guess that's too much common sense. Political Analyst are all retards.
I think Donald Trump knows more about foreign policy . Trump wants to dismantle OPEC and tax China. I guess that's too much common sense. Political Analyst are all retards.
Mike Maloney : Gold Never Goes to Zero
With the Federal Reserve printing money out of thin air and banks now failing from their fraudulent activities, I think it's a good idea to preserve your wealth in precious metals.I would suggest diversifying some of your savings into gold and silver. It owes no one and will never go to ZERO. In a Taiwanese media interview, Mike Maloney describes gold's historic investment value while all paper assets eventually go to zero.gold and silver may go down priced in paper money but it will NEVER go to Zero.
gold/silver or plain industrial metals are the only non encumbered wealth an individual can hold. It is not taxed, and can be concealed. it removes currency from the system, and stores it with the individual; this is why banks/financial institutions discourage gold. paper currency is aslowly defaulting debt IOU; real estate ownership is a mere tenancy, all you really have is right of use. stocks? corporate inflated debt, much like currencies are' only they require brokers to liquidate.
gold/silver or plain industrial metals are the only non encumbered wealth an individual can hold. It is not taxed, and can be concealed. it removes currency from the system, and stores it with the individual; this is why banks/financial institutions discourage gold. paper currency is aslowly defaulting debt IOU; real estate ownership is a mere tenancy, all you really have is right of use. stocks? corporate inflated debt, much like currencies are' only they require brokers to liquidate.
Should the US restore the Gold Standard
The gold standard is what kept politicians in line, and kept out dollar strong. Arbitrarily printing money is weakening it - $4.7 trillion to $8.2 from 2001-2008 says everything. a dollar as good as gold could solve a lot of our trouble , the dollar's been devalued on purpose to prop up our real asset prices and stimulate exports and foreign investment in the US. It's all about increasing liquidity when there's a danger of liquidity drying up.Like any tangible commodity, the value of gold is arbitrary and susceptible to manipulation by the market. Altering the fraction in such a way would cause the value of Gold to rise exponentially at first, as I pointed out in a previous post, and then crash upon its value becoming inflated, resulting in an economic collapse. No, if such a transition would occur, it could be a gradual process only after the economy hits rock bottom and U.S. Treasuries begin to move into gold and other tangibles.
Gold was chosen, once upon a time, for its properties. Diamonds are not so practical as gold in that you can break up into any number of denominations without changing its mass/volume ratio. Can't do that with diamonds or Rubys. Silver has been used; in fact you could use it as another denomination as nickel and copper have been. Ever heard of nickels dimes and pennys?
You also have to remember that we had the gold standard in 1929 and the first four years of a depression. Nixon was forced to give it up because other countries would exchange their dollars for USD and buy gold. Result was gold was cheap to them. Therefore, the country was being depleted of gold. We have to be careful on what we do. But definitely END THE FED. Remember it is not the stock market that causes a depression. Rather it is the contraction of the money supplyortheammountof *principal.
Gold was chosen, once upon a time, for its properties. Diamonds are not so practical as gold in that you can break up into any number of denominations without changing its mass/volume ratio. Can't do that with diamonds or Rubys. Silver has been used; in fact you could use it as another denomination as nickel and copper have been. Ever heard of nickels dimes and pennys?
You also have to remember that we had the gold standard in 1929 and the first four years of a depression. Nixon was forced to give it up because other countries would exchange their dollars for USD and buy gold. Result was gold was cheap to them. Therefore, the country was being depleted of gold. We have to be careful on what we do. But definitely END THE FED. Remember it is not the stock market that causes a depression. Rather it is the contraction of the money supplyortheammountof *principal.
Gold Over $1,440 , Silver over $37
Gold in the sprint after the drop in new home sales in New York, with prices rising by 0.8% over the $ 1,440 back. Silver advanced to over $ 37.22 an ounce, the highest since 1980
Bob Chapman with Dr. Stan Monteith on Radio Liberty 3rd hour 03/21/2011
Bob Chapman on the third hour with Dr. Stan Monteith of Radio Liberty speaks about the Japan nuclear tragedy the behind the scene and the implications of a possible nuclear cloud or rain headed towards America , should we believe what the governments and the big corporations are telling us ? of course not , all the governments care about is getting re-elected and all the corporations care about is making a buck or two from anything and anybody ....
Gold to go sharply higher up to $1800/oz says Rene Marion
Gold to go high but Silver to go even higher says Rene Marion, Gammon Gold president/CEO a Toronto based company says that he sees gold going to $1500 in the fall , because of the high inflation coming the tragedy in Japan which will add to inflationary pressure throughout the world for a lot of commodities and the devaluation of the US Dollar , Marion sees the Gold price going to $1500 dollars in the fall after we got through the summer lows and then an increase into 1800 , but silver will not only follow but surpass gold mainly because of industrial use that is expanding linked into the tragedy in Japan
Tuesday, March 22, 2011
JAMES TURK : Gold is really in backwardation
JAMES TURK : Basically interest rates are out of whack. Gold interest rates are higher than Labor and because interest rates are so out of whack there should be arbitrages coming into the market to bring interest rates back into their normal patterns. The net result of this, because there are no arbitrages I don't really think arbitrage opportunity exists which means that the reported rates are not actually accurate and that gold is really in backwardation, it's not really trading in contango which is really what is happening in the physical market as well. The demand for physical metal is very strong and as a consequence I really think there's a backwardation in the gold market and that the GOFO rate and the contango on the Comex are not really a true representation of prices at this moment in time.
in www.mineweb.com
in www.mineweb.com
Robert Kiyosaki : Success Power Unlimited
Best selling author of Rich Dad poor Dad businessman self-help author and motivational speaker Robert Kiyosaki , Robert Kiyosaki has written 15 books which have combined sales of over 26 million copies , he co-authored 'Why we want you to be Rich & Midas Touch' with Donald Trump . Robert Kiyosaki stresses financial literacy as the means to obtaining wealth
Gaddafi uses gold to finance the war
Colonel Muammar Gaddafi and his regime is using the large Gold stock the Central Bank of Libya. to finance his war against the international community in accordance with Security Council resolution 1973, , after all their assets were frozen .The latest IMF data show that the central Libyan reserves of Gold are 143.8 tons . The value of this quantity of gold more than 6.5 billion dollars, and thus Libya is among the top 25 Gold Reserves worldwide ,although many observers believe that the real amount of gold in Libya is more than this amount declared by several tons.Gaddafi is now using the Gold to pay the salaries of an army of mercenaries being not able to export the Oil which is the most important sources of income in the Libyan state . The Financial Times quoted people familiar with the activity of Libya in the gold market as saying that while the majority of central banks keep their reserves of gold in London or New York or Switzerland, the Libyan gold is already in Libya.Remains the difficulty for Gaddafi to sell the Gold and get cash for it
Silver outperforming Gold
Silver outperforming Gold on growing industrial demand and ongoing dollar weakness . Both Gold and Silver have been benefiting from the weakness of the dollar and the unrest in the middle east which reflected positively on the commodities market at a large
Silver is the most traded industrial commodity after Oil
Silver is the most traded industrial commodity after Oil , David Morgan the silver guru is being interviewed by the famous Max Keiser of the campaign Buy Silver Crash JP Morgan : there is a whole range of industrial application that need silver especially in electronics , there is a mere one billion onces of silver above ground at the moment , keep on stacking this thing will shoot to Jupiter soon , in 5 or 10 years from now you will be glad you did ...
Monday, March 21, 2011
Deep Ocean Mining : The New Gold Mining Frontier
A mile or two underwater deep in the oceans and seas there is Gold Silver Copper zinc and lead , Because of new technology high prices and high demand , deep ocean gold mining is becoming economically feasible for the first time . High demand for precious metals has fueled interest in deep ocean mining, as land-based resources get stretched and need increases to follow up with the high demand coming from nations such as China and India, which have growing economies but relatively few natural resources . David Heydon, Founder & Chairman of DeepGreen Resources, discusses The New Gold Mining Frontier in international waters
Silver price over $36/oz today
Silver bullion price over $36/oz today Gold price is at $1434. Signs of economic collapse and a crash of the dollar. Silver bullion price is over $36.Silver has been historically used as money just like Gold. Both tend to be safe heavens during crisis situations. Silver is still too cheap at this moment. The current food inflation around the world just may get worse with wheat stockpiles down, fewer plantings in Russia today. The US estimates that global grain stockpiles to be down 13%. Not only does the world face a further economic collapse but now governments must prepare for food riots and further unrest.Federal Reserve's QEs Cause Worldwide Inflation - Food Prices At Record Levels .I heard that the US Mint has suspended production of ASE's, due to lack of investment grade silver
It only makes sense that there will soon be a shortage of silver to the average person. It also makes sense that at the rate things are going, the Silver would be at 50.00 an ounce EASY by the end of 2011. The dollar is slipping faster than ever and suddenly people that never gave the metals a thought, are doing so now and making 1st purchases. Food survival cans? Better hurry for these folks. Just not available in many places (sold out) and up to 120 day waiting period. A panic is beginning. Every time the FED prints massive amounts of money, they transfer money from the poor to their banks. Eventually, if they do it enough times, the people will have paid for the theft that has taken place in the past 20 to 30 years. When this happens, the economy will begin to recover. The problem is, it seems there is not enough money in the world to bring back the banks from their death dive. So we need to protect ourselves by buying silver and storing actual nickels, pennies, etc., etc.
It only makes sense that there will soon be a shortage of silver to the average person. It also makes sense that at the rate things are going, the Silver would be at 50.00 an ounce EASY by the end of 2011. The dollar is slipping faster than ever and suddenly people that never gave the metals a thought, are doing so now and making 1st purchases. Food survival cans? Better hurry for these folks. Just not available in many places (sold out) and up to 120 day waiting period. A panic is beginning. Every time the FED prints massive amounts of money, they transfer money from the poor to their banks. Eventually, if they do it enough times, the people will have paid for the theft that has taken place in the past 20 to 30 years. When this happens, the economy will begin to recover. The problem is, it seems there is not enough money in the world to bring back the banks from their death dive. So we need to protect ourselves by buying silver and storing actual nickels, pennies, etc., etc.
Robert Kiyosaki : Rich Dad Poor Dad seminar in 96
Robert Kiyosaki : ...... it goes back to family values. My poor dad valued a safe, secure job. But my rich dad said, you're working hard all your life but you're not building anything. You're taking cash, and cash is trash to him. He says what you want to do is build an asset, like Bill Gates built Microsoft. I built the Rich Dad company, a mining company, I have publication companies. I built something that's worthwhile. Whereas some people just value a steady paycheck and job security and cash, and cash is trash. And so that's why I really stress people get a little education and find out what the rich work hard for. They don't work hard for cash or job security. Most are working hard for some kind of tangible asset that pays them into the future and you can pass on to future generations. Most people cannot pass their job on to their kids."
Silver Short Squeeze and Backwardation explained
Silver backwardation and the makings for a short squeeze Silver price is treading water lots a catalyst that bubbling here we rebuilding in Japan -- in the futures market and -- haven buying. Joining me for the trade at the nymex it -- our trading Anthony it is the whole Clinton catalysts that should be pushing silver higher but they're not
because of extreme shortage people fear that they wont get hold of the physical in a future time. so they want it now. so the price today is higher than that of a future date. for example if a seller promises to deliver u physical in 2015 at § 20 an oz wouldn't u rather take delivery now paying a little extra knowing well that there wont be any silver in 2015? that's backwardation. JP Morgan won't take it's own ETFs as collateral
because of extreme shortage people fear that they wont get hold of the physical in a future time. so they want it now. so the price today is higher than that of a future date. for example if a seller promises to deliver u physical in 2015 at § 20 an oz wouldn't u rather take delivery now paying a little extra knowing well that there wont be any silver in 2015? that's backwardation. JP Morgan won't take it's own ETFs as collateral
Gold Prices Should Be at $1,500 says Jon Nadler,of Kitco.com
Jon Nadler, senior analyst at Kitco.com, says that the gold prices should be at $1500 by now due the weakness of the US dollar and other factors , but he does not expect the silver prices to go any higher from here , he projects the silver at $31 , $32 an ounce ....
Gold is best suited for a long term investments. The demand for gold as a currency and for jewelery has always been robust. Gold is very liquid and it exchangeable worldwide , The process of buying and selling with gold is quite quick. It offers near zero risk of value depreciation.Gold unlike stocks can never go to value Zero , One can even invest in gold online, nowadays. Investors can now buy, sell and virtually trade in gold commodity just like any other stock or equities. This has been a driving factor for many to invest in gold because investing online reduces the risk of actually owning the metal.But in this blog we always recommend the actual physical gold in your hand that you can touch feel and store , do not let anybody hold it or store it for you , better do it yourself .Gold prices are generally not affected by the fluctuation in the currency. The gold price does not rely on potency of the currency. Also, the price of gold is not influenced by any kind of political instabilities or crisis.However, gold doesn't provide any immediate appreciable income. The value of the income has to be seen over the long term.People buy gold in order to preserve the value of their money not for a quick gain cause gold is real money it has been so for more than 5000 years , hold it hoard it and wait ...the longer the better
Gold is best suited for a long term investments. The demand for gold as a currency and for jewelery has always been robust. Gold is very liquid and it exchangeable worldwide , The process of buying and selling with gold is quite quick. It offers near zero risk of value depreciation.Gold unlike stocks can never go to value Zero , One can even invest in gold online, nowadays. Investors can now buy, sell and virtually trade in gold commodity just like any other stock or equities. This has been a driving factor for many to invest in gold because investing online reduces the risk of actually owning the metal.But in this blog we always recommend the actual physical gold in your hand that you can touch feel and store , do not let anybody hold it or store it for you , better do it yourself .Gold prices are generally not affected by the fluctuation in the currency. The gold price does not rely on potency of the currency. Also, the price of gold is not influenced by any kind of political instabilities or crisis.However, gold doesn't provide any immediate appreciable income. The value of the income has to be seen over the long term.People buy gold in order to preserve the value of their money not for a quick gain cause gold is real money it has been so for more than 5000 years , hold it hoard it and wait ...the longer the better
Sunday, March 20, 2011
David Morgan, The Currency Crisis has begun
Andrew Maguire Re-Emerges: Ex-Goldman Trader Exposes JPMorgan, HSBC In Latest Silver Price Manipulation Class Action Lawsuit , I believe mining stocks will really outperform the metals!!!too many scams on eBay - or even local dealers ,stick to Apmex, Monex, Gainesvillescoins Honest people - few worries - good prices , some experts like Adrian Douglas are calling for silver to become extinct in two or three years.Tim Butler is more cautious nd speaks about 4-5 yrs.Well... the geologists said Ag is the first element which will disappear on the periodical table... so... let's buy, and hope!.bottom line is we "can finally see the bottom of the well. But so many rumors. Heard Bill Clinton and Chinese have billion ounces hidden ready to trash market when time comes. Next will be aliens dropping silver eagles from flying saucers. It will never "disappear". May become so rare only used in applications that can justify, say, a price of $10,000 an ounce. Who knows what the future holds. I still believe gvt will steal it all.
Industrial demand from China will boost silver price
The #1 reason why silver will reach a triple digit spot price is the China factor. Prior year 2002, the private ownership of gold was prohibited in China but since early 2009, the Chinese government has been promoting aggressively the ownership of silver and gold to its citizens through China's Central Television, the main state-owned television company. Locals can buy silver bullion or gold bars at any Chinese bank in four different sizes .The Cninese demand for silver is still strong and further physical silver shortage could develop.China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities.
As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.
The global annual mine production for silver stands at 860 million ounces. Population of China is 1.3 Billion. Even if half, 650 million, were to buy a minimum of one ounce every month, that is enough to cause a price increase. If the Chinese citizens are indeed beginning to buy gold and silver, then this has to be a strong indication that prices are going to rise dramatically in the relatively near future.China is the only country in the world now that promotes gold and silver to their citizens.
As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.
The global annual mine production for silver stands at 860 million ounces. Population of China is 1.3 Billion. Even if half, 650 million, were to buy a minimum of one ounce every month, that is enough to cause a price increase. If the Chinese citizens are indeed beginning to buy gold and silver, then this has to be a strong indication that prices are going to rise dramatically in the relatively near future.China is the only country in the world now that promotes gold and silver to their citizens.
Silver 1:1 parity with Gold - Webbots forecast
Everything is way too inflationary ,the elites have devalued the currency ,but they do not have to worry ,they get billions,so what they can print more for themselves the web bots predict that silver would soon reach $600/oz.,It would be great to see silver bullion at $50 a troy ounce, its still on the up about 38% over a year period. if the empire continues to fall as I think it will them $600 is very likely as you will see and believe .IF webbots put Silver with 1:1 parity with GOLD, we're looking at at least $1300/oz Silver.Try Gold & Silver= $8000/oz Loaf of bread= $8.99 Have you bought bullion yet? Get your silver and food now! I think there will be events that dump on the metals prices, and THEN it will go beyond the "nobody's" ability to purchase it. Huge amount of "shorts & longs" on metals too. Lots of comex/ paper metal investment to get rid of too. Knowing which is the sign with the shorts/longs is an issue.
Robert Kiyosaki : Our Childrens Future in Our Hands
Robert Kiyosaki speaking about the The 4 People in our Lives
Robert Kiyosaki : Yeah, I recommend three piggybanks. One piggybank says savings, one says tithing or charity, and the third says investing. And what I recommend is, even if it's just a penny a day, have your child put one penny in savings, one penny in charity, and one penny in savings. As a parent, you should do it, too, because kids copy you. It's not the dollar amount, it's the habit you're developing of paying yourself first, and charity is paying, you know, your spiritual guide, be it God or give it to a church or give it to a charity, but you're teaching a child very good habits of paying themselves first before they spend everything. And so I'll say it again, it's not the dollar amount, it's the habit that make you rich or poor.
Robert Kiyosaki : Yeah, I recommend three piggybanks. One piggybank says savings, one says tithing or charity, and the third says investing. And what I recommend is, even if it's just a penny a day, have your child put one penny in savings, one penny in charity, and one penny in savings. As a parent, you should do it, too, because kids copy you. It's not the dollar amount, it's the habit you're developing of paying yourself first, and charity is paying, you know, your spiritual guide, be it God or give it to a church or give it to a charity, but you're teaching a child very good habits of paying themselves first before they spend everything. And so I'll say it again, it's not the dollar amount, it's the habit that make you rich or poor.
Saturday, March 19, 2011
David Morgan on The Asian Demand for Gold and Silver
David Morgan and John Doody on The Asian Demand for Gold and Silver - Financial Sense Newshour Mar/18/2011
China has been stockpiling gold since 2003 China has been buying via government channels from South Africa, Russia and South America . China is the world's largest gold producer and does not permit exports of gold ingots, only jewelery, leaving plentiful supplies for the domestic market.China produced 282 tonnes of gold last year,Investment demand in China rose to 68.9 tonnes from 25.6 tonnes in 2007. But that was still less than one third of retail demand in India, where total bullion consumption topped 660 tonnes last year.
Asian demand for silver is still strong and further physical silver shortage could develop.China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities.
As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.
China has been stockpiling gold since 2003 China has been buying via government channels from South Africa, Russia and South America . China is the world's largest gold producer and does not permit exports of gold ingots, only jewelery, leaving plentiful supplies for the domestic market.China produced 282 tonnes of gold last year,Investment demand in China rose to 68.9 tonnes from 25.6 tonnes in 2007. But that was still less than one third of retail demand in India, where total bullion consumption topped 660 tonnes last year.
Asian demand for silver is still strong and further physical silver shortage could develop.China and its people are getting richer. They have high savings rate which enables them to invest in production and buy gold, silver and other commodities.
As Chinese people getting richer they will want to increase their standards of living. They will create demand for electronics and other consumer goods.As we know it's impossible to make iphone or TV without silver.Silver is the best electricity conductor.There is a lot of potential for high silver demand.Around 20% of World's population lives in China.
Lindsey Williams : Silver will go to $100/oz
Gold & Silver prices "You have seen nothing yet": says Pastor Lindsey Williams the plan by the global elite to sabotage the dollar, destroy the economy and America by 2012. For the next 10 years silver will be like 2 steps forward 1 step back. But will probably be more like 5 forward 2 back. Their may be one big dip & many chickens will flap & sell, only to regret & see it shoot beyond imagination. You have to look at the industrial & technical revolution & the global economic crisis. After doing my research I don't give a dam if silver goes down, as eventual fiat currency is going to 0, it's a possible small loss or loose everything, whats the fuss.
Gold production is decreasing due to few great Gold mine discoveryes. Witwatersrand played a big rule in gold offer since 1970 and people investing in Gold should observe the whole around this metal. I have seen predictions of Gold falling back to USD 300/oz (speculation) and I have also seen predictions for Gold reaching USD 9000/oz considering industrial consumption and mining supply. Gold Mining production is around 2500 ton/year and demand around 3800 ton/ year. Take your own conclusions.
The United States holds the largest gold reserve in the world. With 8,133.5 tonnes, (241, 207, 076 oz) the US gold holdings are worth approximately $337.67 billion. This massive gold reserve would have to increase 40 times just to cover the debt !! That’s $56,000 a once. But the us already defaulted on its gold reserves back in 1971. So whatever the us has or doesnt have in gold isnt being sold. Roosevelt already defaulted on gold back in 1933. Nixon defaulted on foreign creditors in 1971. Assuming the us still has gold, how much dollars must the us print in order to turn 300 billion dollars worth of gold into 14 trillion?
Gold production is decreasing due to few great Gold mine discoveryes. Witwatersrand played a big rule in gold offer since 1970 and people investing in Gold should observe the whole around this metal. I have seen predictions of Gold falling back to USD 300/oz (speculation) and I have also seen predictions for Gold reaching USD 9000/oz considering industrial consumption and mining supply. Gold Mining production is around 2500 ton/year and demand around 3800 ton/ year. Take your own conclusions.
The United States holds the largest gold reserve in the world. With 8,133.5 tonnes, (241, 207, 076 oz) the US gold holdings are worth approximately $337.67 billion. This massive gold reserve would have to increase 40 times just to cover the debt !! That’s $56,000 a once. But the us already defaulted on its gold reserves back in 1971. So whatever the us has or doesnt have in gold isnt being sold. Roosevelt already defaulted on gold back in 1933. Nixon defaulted on foreign creditors in 1971. Assuming the us still has gold, how much dollars must the us print in order to turn 300 billion dollars worth of gold into 14 trillion?
Robert Kiyosaki : earned income is the most highly-taxed income
Robert Kiyosaki : .... which is the worst type of income? When you say to a child go to school and get a job, have a 401K, that's earned income. The problem with earned income, it's the most highly-taxed income there is. Then there's portfolio income, and portfolio income is oftentimes called capital gains income. So I buy a stock at 5 and it goes to 10 and I sell it, then I have portfolio income, and I pay approximately 15% on that. But if I have passive income--passive income is generally from things like patents or in my case intellectual property from books and from real estate, passive income, if you know what you're doing, you can pay zero taxes. So earned income is taxed at approximately 40%, portfolio income is taxed at 15%, but passive income is taxed at 0%, if you're smart. So that's what I say to people. I'm not into tax evasion, but I want to do my best to work, earn as much money as possible, and pay the least taxes possible legally. But if you say to a child, go to school, get a job, and get a 401K, they're basically a tax mule for the federal government."
Alot of people still stuck on the old ways of thinking and ignore the cashflow quadrant. Truth is...the days of going to school and getting that good job are over. Trust me, you can always be replaced and your boss will kick you to the curb if it saves his business money no matter how educated you are. Robert knows what he is talking about and he does rock.
Alot of people still stuck on the old ways of thinking and ignore the cashflow quadrant. Truth is...the days of going to school and getting that good job are over. Trust me, you can always be replaced and your boss will kick you to the curb if it saves his business money no matter how educated you are. Robert knows what he is talking about and he does rock.
Silver will Outperform Gold , even Jim Cramer agrees
Silver is 4 - 5 times rarer than Gold.It is vanishing fast - due to industrial uses and is too cheap to recycle.In the not too distant future it will be more expensive than Gold.Get some now while they are giving it away....
It will be like buying 25 Van Gogh paintings for nothing - when he was alive.Silver is a tremendous long term investment. but watch out Jim Cramer is promoting ETF SLV , this blog is instead promoting Physical silver that you own and you touch with your own hands , anything that is printed on a paper is practically worth the paper it is printed on
It will be like buying 25 Van Gogh paintings for nothing - when he was alive.Silver is a tremendous long term investment. but watch out Jim Cramer is promoting ETF SLV , this blog is instead promoting Physical silver that you own and you touch with your own hands , anything that is printed on a paper is practically worth the paper it is printed on
John Embry Mike Maloney, and David Morgan on investing in physical gold and silver
I don't know how long the dollar will last for. But I rather jump out of a boat before it sinks than sit around to see how things turn out.Silver & Gold is your lifeboat.
Diversify with Physical Gold and Silver - BIGGEST INVESTMENT EVER : Silver and gold do not go up. The value of the dollar goes down. Silver doesn't appreciate. It does not produce cash flows. Gold is money. It is not an investment. It is wealth preservation. You can trade an ounce of sliver for the same amount of goods as you could in 1913. The silver to oil or silver to bag of potatoes ratio should never change. Silver and gold are just money. There are arbitrage opportunities at times, but in the long run silver and gold are simply money.Silver is by far a better investment. Look at the numbers of silver over the years. It has outperformed gold and it is still a bargain even at $35.00. Imagine it going to $50.00. or $100.00 Bill gates has 30% of his assets in silver. Maybe he knew something that we did not.buying gold and having the ability to hold it in your hand is better than receiving a piece of paper stating how much you own. Because that piece of paper with that statment is no different than having the dollar bill in your wallet, paper may have a statement (IOU wise) but gold is GOLD.If you are going to buy gold you are better off buying actual gold that you can touch. Not a piece of paper or a certificate - thats just an iou in my opinion. If your going to keep an iou - you may as well hold dollars.There are gold dealers all over. look up the yellow pages
Diversify with Physical Gold and Silver - BIGGEST INVESTMENT EVER : Silver and gold do not go up. The value of the dollar goes down. Silver doesn't appreciate. It does not produce cash flows. Gold is money. It is not an investment. It is wealth preservation. You can trade an ounce of sliver for the same amount of goods as you could in 1913. The silver to oil or silver to bag of potatoes ratio should never change. Silver and gold are just money. There are arbitrage opportunities at times, but in the long run silver and gold are simply money.Silver is by far a better investment. Look at the numbers of silver over the years. It has outperformed gold and it is still a bargain even at $35.00. Imagine it going to $50.00. or $100.00 Bill gates has 30% of his assets in silver. Maybe he knew something that we did not.buying gold and having the ability to hold it in your hand is better than receiving a piece of paper stating how much you own. Because that piece of paper with that statment is no different than having the dollar bill in your wallet, paper may have a statement (IOU wise) but gold is GOLD.If you are going to buy gold you are better off buying actual gold that you can touch. Not a piece of paper or a certificate - thats just an iou in my opinion. If your going to keep an iou - you may as well hold dollars.There are gold dealers all over. look up the yellow pages
Jim Rogers : Gold will be the great investment over the next decade
Jim Rogers says gold will be a great investment over the next decade as it is expected to test USD 2000 per ounce .Gold is more than just another commodity, it’s a currency. It is THE currency that has been the foundation of every worthwhile economy on the planet for over 5,000 years.Depression is coming and paper will be worthless.Physical gold is alot higher than COMEX.Perth(Australia) has now stopped taking orders until January.GOLD IS A CURRENCY!!!!
'Paper' gold is just as safe as a stock, 'electronic' gold is even less safe. Neither will be available to trade when the dollar collapses.
'Paper' gold is just as safe as a stock, 'electronic' gold is even less safe. Neither will be available to trade when the dollar collapses.
Friday, March 18, 2011
Silver or Gold Bullion
During the time of Tiberius (time of Christ) 200 denarius was about 21.5 troy ounces of silver by weight, the price to buy 5,000 loaves of bread to feed 5,000 men with their families (Mark 6:37). Average price of a loaf of bread in Canada today is $3.00. To feed 5,000 at one loaf per family would cost $3 x 5,000 or $15,000. Thus an ounce of silver during the time of Tiberius priced in today’s dollars is $15,000 /21.5 troy ounces (200 denarius) = $697 per ounce.
Silver is definitely undervalued. In fact, many top analysts say the prices of silver and gold ought to be reversed based on supply alone. Some say the Earth has less than a decade left of silver left in its ground. Silver actually has alot of industrial demand. All the Gold that's ever been mined still exists in one form or another.Silver is gonna go crazy like really really crazy as Jim Sinclair's call which is gold going to 1625$... XD get silver and get silver miner! XD . America and the World is headed toward an economic Meltdown!
The majority of individuals are simply to busy to have any insight into the above truth. If you see this truth, then please, for the sake of you and your loved ones, take a minute to empower yourself with the knowledge of what you can do to thrive and survive.JPM said they are going to lessen the naked short positions. With what their magic wand? I will never believe them. They are full of BS and their are always going to be full of BS because the Fed makes money out of thin air and they are not federal and they don't have a reserve.
The industry demand of silver is far much bigger now then in -91, also the central banks was selling of huge amounts of silver in the 90's.
Most silver today is in landfills and the reserves above ground has never been smaller.
This has made silver interesting for investors and the investing part of silver is also getting bigger and bigger.
Another "historical" event is the growing markets in the 3rd world, now getting computers and cellphones. The only demand in the 90's was from west.
Silver is definitely undervalued. In fact, many top analysts say the prices of silver and gold ought to be reversed based on supply alone. Some say the Earth has less than a decade left of silver left in its ground. Silver actually has alot of industrial demand. All the Gold that's ever been mined still exists in one form or another.Silver is gonna go crazy like really really crazy as Jim Sinclair's call which is gold going to 1625$... XD get silver and get silver miner! XD . America and the World is headed toward an economic Meltdown!
The majority of individuals are simply to busy to have any insight into the above truth. If you see this truth, then please, for the sake of you and your loved ones, take a minute to empower yourself with the knowledge of what you can do to thrive and survive.JPM said they are going to lessen the naked short positions. With what their magic wand? I will never believe them. They are full of BS and their are always going to be full of BS because the Fed makes money out of thin air and they are not federal and they don't have a reserve.
The industry demand of silver is far much bigger now then in -91, also the central banks was selling of huge amounts of silver in the 90's.
Most silver today is in landfills and the reserves above ground has never been smaller.
This has made silver interesting for investors and the investing part of silver is also getting bigger and bigger.
Another "historical" event is the growing markets in the 3rd world, now getting computers and cellphones. The only demand in the 90's was from west.
David Morgan : Silver has better dynamics than gold
silver guru David Morgan : Silver has better dynamics than gold
The U.S. Mint just reported another record, but this time it wasnt for gold. The Mint sold more Silver Eagles in March and in the first quarter of the year than ever before. A total of 9,023,500 American Silver Eagles were purchased in Q110, the highest amount since the coin debuted in 1986.the first thing Roosevelt did was declare National Emergency and institute Martial law the he ordered a reclaim of all the silver and gold the dollar will be worthless but he will pay for YOUR gold and silver in fair Government Terms and Prices
David Morgan :".....Silver has better dynamics than gold from an investment perspective, but fewer people are willing to invest in it. It's a smaller market and therefore more volatile. But the dynamics of silver are better, because it has every attribute of classical money that gold holds—that safe haven status—and it's better recognized as money on a global basis, not just a North American basis. On top of that, it has industrial demand, and most of those applications are price-inelastic, meaning demand will be there regardless of silver's price. So, long term, silver really does have a better investment profile than gold does.I'd say that more people are waking up to that fact, and I'll say it from empirical evidence as well...."
The U.S. Mint just reported another record, but this time it wasnt for gold. The Mint sold more Silver Eagles in March and in the first quarter of the year than ever before. A total of 9,023,500 American Silver Eagles were purchased in Q110, the highest amount since the coin debuted in 1986.the first thing Roosevelt did was declare National Emergency and institute Martial law the he ordered a reclaim of all the silver and gold the dollar will be worthless but he will pay for YOUR gold and silver in fair Government Terms and Prices
David Morgan :".....Silver has better dynamics than gold from an investment perspective, but fewer people are willing to invest in it. It's a smaller market and therefore more volatile. But the dynamics of silver are better, because it has every attribute of classical money that gold holds—that safe haven status—and it's better recognized as money on a global basis, not just a North American basis. On top of that, it has industrial demand, and most of those applications are price-inelastic, meaning demand will be there regardless of silver's price. So, long term, silver really does have a better investment profile than gold does.I'd say that more people are waking up to that fact, and I'll say it from empirical evidence as well...."
James Turk will rise to $8000/oz in 2013 2015 !
JAMES TURK : ..." I think it is - gold is the bedrock asset in your portfolio. You don't want to take risks with it so you have to be very careful how you store it and where you store it and thing that I always recommend is if you store it in a vault somewhere you always have to get third party independent verification that your gold and silver, if you own silver as well, are actually there in your name, recorded, not encumbered in any way and not loaned out by some bank. So I don't recommend storing in bank vaults, I recommend storing in private vaults like we do in Gold Money - we use a large Swiss company, VIA MAT International to store our customers' gold. So what you really want to do is be careful with your metal. You don't want to take risks with it and storage is an extremely important part of that component." he said in an interview with www.mineweb.com
James Turk Gold to shoot to $8000/oz Hyperinflation a sure thing : do not think gold is expensive , just keep on saving in Gold ....
James Turk Gold to shoot to $8000/oz Hyperinflation a sure thing : do not think gold is expensive , just keep on saving in Gold ....
Money doesnt make you rich : Robert Kiyosaki
Robert Kiyosaki :"...I have a friend who has an 8-year-old daughter, you know, and I went to her, and I wanted to test her financial I.Q. I held up a $5.00 and I held up a $20. I said, "Which one do you want?" And she already knew which was worth more. So I think the earlier, the better. The other thing my rich dad always taught me is that money doesn't make you rich, it's your habits that make you rich. So if you make a lot of money and you have bad habits, then your chances of being rich are very slim. So that's why it's not about money, it's really about financial management and good habits and also financial literacy, so at least you know whether your banker or your stockbroker or your financial planner or real estate agent is lying to you."
Thursday, March 17, 2011
Robert Kiyosaki : Gold and Silver is Gods Money
Robert Kiyosaki : Gold and Silver is Gods Money Cash is trash get your silver bullion today while still you can , in 5 , 10 years from now you will be glad you did
when this video was made, Silver was at $15.00 per ounce and NOW it's at $35.00 per Ounce..... It's going to be interesting if it reaches $6,000 per ounce like Robert Kiyosaki mentioned a couple months ago in an interview ,buying silver is just like buying gold you don't really make any money you just secure your money like insurance .silver is going to go up huge in the coming years buy now while it's low, don't sell just yet because you will be glad you didn't later. The way the Fed is printing money like it's going to run out and the debt worry in Europe the safest place to reserve your hard earned money against inflation in silver or gold. History don't like as silver and gold are the safest shelter for your money during uncertain times like we are in. Robert said: "I believe this is the biggest investment anyone can make in the next 100yrs"
I have respected Kiyosaki since i read his first book- He tells the truth without being a "whistleblower" I believe his philosophies 100 percent- and guess what , he's rich and he will always be rich - Very interesting that this video from pre Obama days mentions Poland has 1/4 of the worlds silver supply- april 2010 what just happened- the rulers wer just wiped out in one fell swoop and now they are all set to get swallowed by the EU globalists - think it has anything to do with Polands silver?
when this video was made, Silver was at $15.00 per ounce and NOW it's at $35.00 per Ounce..... It's going to be interesting if it reaches $6,000 per ounce like Robert Kiyosaki mentioned a couple months ago in an interview ,buying silver is just like buying gold you don't really make any money you just secure your money like insurance .silver is going to go up huge in the coming years buy now while it's low, don't sell just yet because you will be glad you didn't later. The way the Fed is printing money like it's going to run out and the debt worry in Europe the safest place to reserve your hard earned money against inflation in silver or gold. History don't like as silver and gold are the safest shelter for your money during uncertain times like we are in. Robert said: "I believe this is the biggest investment anyone can make in the next 100yrs"
I have respected Kiyosaki since i read his first book- He tells the truth without being a "whistleblower" I believe his philosophies 100 percent- and guess what , he's rich and he will always be rich - Very interesting that this video from pre Obama days mentions Poland has 1/4 of the worlds silver supply- april 2010 what just happened- the rulers wer just wiped out in one fell swoop and now they are all set to get swallowed by the EU globalists - think it has anything to do with Polands silver?
Gold Mining stocks vs Gold Bullion
The gold stocks are certainly a wise way to bet on a rising gold price, but the differences with an investment in physical gold are enormous. The stock price evolves according to several factors: cost structure, available gold reserves, production cost, geopolitical risks ... A shareholder of a gold mine which was nationalized, for example, will be in deep trouble. Actions are never a refuge, not even when linked to gold. The physical gold and gold stocks are two very different asset classes. The physical gold is more insurance against inflation, the current monetary systems of the central banks and the shocks of the financial system. The gold stocks can be a speculative mean on a subsequent rise in the price of gold. Rob McEwen, Chairman & CEO of US Gold and founder of Goldcorp explains the difference between the Junior and the Senior mining stocks and why he prefers the juniors
Investing vs Accountancy- Robert Kiyosaki
Robert Kiyosaki advises in investing for cash flow in the real estate You need to protect yourself from inflation. Printed Money is just paper, it is not back by anything. Invest in silver and gold. Silver is the number – Silver Is Your Best Investment Robert Kiyosaki says let your money work for you do not work for money ..."The reason I have more and more dollars is simply because I don't hold on to them. Instead, I do my best to keep my dollars moving into assets that are going up in value, not down." Robert Kiyosaki wrote in a Yahoo Finance article...Investing vs Accountancy- Robert Kiyosaki
Kiyosaki: Let money work for you
Poor Dad, I was not interested in money; rich dad said, money is power
Poor Dad said, Money (Related: Securities Finance) to a safe and secure, do not take risks; rich dad said, to learn how to manage risk ... ... This is the moment has been selling the "Rich Dad, Poor Dad" author Robert? Kiyosaki life encountered two fathers, and therefore encounter very different concept of life. Like two magnets, the two fathers in the road with their starting point the power to attract the ignorant children to follow their own. The results, Robert Kiyosaki
Kiyosaki: Let money work for you
Poor Dad, I was not interested in money; rich dad said, money is power
Poor Dad said, Money (Related: Securities Finance) to a safe and secure, do not take risks; rich dad said, to learn how to manage risk ... ... This is the moment has been selling the "Rich Dad, Poor Dad" author Robert? Kiyosaki life encountered two fathers, and therefore encounter very different concept of life. Like two magnets, the two fathers in the road with their starting point the power to attract the ignorant children to follow their own. The results, Robert Kiyosaki
Robert Kiyosaki : young people today, those born after 1970, 1980, will face a far tougher financial world than the old guys like me
Robert Kiyosaki : Well, I don't think it's money, it's the lack of money that's causing problems. If you look at the federal deficit right now, "USA Today" ran a report saying that each family in America today, their share of the deficit is $480,000. That's nearly half a million dollars for every family in America. Another statistic shows that in 2003, more young people declared bankruptcy than graduated from college. Now, bankruptcy, they tell you it's not that big a deal, but it is a stigma that stays with you for the rest of your life. All I'm saying is that if we're going to solve the problem of a deficit, of a poor nation, of social security and Medicare, that problem does need to start with our young in our school systems. Because young people today, those born after 1970, 1980, will face a far tougher financial world than the old guys like me ever faced.
Wednesday, March 16, 2011
WHY INVEST MONEY IN SILVER? The Best Investment of this decade
Silver rose from less than $ 1.50 per ounce in 1970 to nearly $ 50 in 1980, increased by about 2400%
Over 90% of all silver mined the past 5000 years is used up in manufacturing, and world silver inventory is now the lowest for 200 years. Meanwhile, demand for silver greater than ever.
Every year we need 100-200 million ounces more than recovered and recycled together. Essentially, the film / photo industry, electronics industry, jewelers, silver coins and Silver bullion / bars which accounts for the largest consumption of silver. This industry requires an average of 900 million ounces annually, while the supply is 750 million. Thus the world use more silver than it produced, a development that is taking place for the twentieth consecutive year. 70-80% of the silver being transferred to the market recovered today as a byproduct of copper, zinc, lead and gold mine operating earnings because of pure silver mines is minimal. This gives a clear signal that something must be done. Either the demand down, or you must supply up. The first is unthinkable, silver has become a consumable. If the supply up, obviously recovered more. And if it produced more, then silver price up to and at all clean extraction of silver attractive to mining companies.
Famous investor and billionaire Warren Buffett bought in 1997 the entire 130 million ounces of silver, the maximum number of ounces he was allowed to buy. A giant investment that attracted enormous attention. Perhaps not so surprising when you consider that the world's silver reserves reported today is about 170 million ounces. There are several familiar names who have shown their interest in silver. George Soros owns a large share of Apex Silver (SIL). Bill Gates owns more than 10% of Pan American Silver Corp. (PaaS). Major players in the financial world who have chosen to hedge some of their portfolio in silver. In China, the government sold from the quantity of their silver store the last 4 years (2005), but has had to make cutbacks after realizing that the country's rapidly growing economy will need more silver than they can produce themselves. The authorities are now stockpiling gold and silver, and has publicly gone out and asked residents to do the same: invest in real real values.
Data from the U.S. Mint confirms an increasing demand for silver. The sales of Silver Eagles doubled from an average of 4.5 million ounces of 90-years, to over 9 million oz. in 1999. Increase the time was not only a temporarily flickers, average sales for the past 9 years prior to 2008 have added about 9.5 million oz., Against the 19,583,500 oz. units sold last year.
The problem with cash is the value of the currency it has accumulated in. If you look back in time, "paper money" always ended up being worthless, and the current situation is no exception. Most of the world economy is built on numbers in the form of notes, stocks, derivatives and other so-called securities. We have a debt based monetary system that is based almost exclusively on ordinary people's borrowing needs, so-called "fractional banking." Banks' manipulation of the modern economy is an extensive chapter to themselves. .
Official figures from the U.S. for January 2009 shows that silver is underpriced for gold with a 1:77 ratio in relation to 1:15 has been the norm historically. As a long-term, defensive investing is silver, making a huge potential, and a quadrupling of today's silver price within a short time is not unthinkable.
World silver mine Production has increased shock through the past few years from about 600 million ounces in 2001 up to 670.6 million ounces in 2008, according to World Bank Silver Survey 2009
Silver is quite diverse. It is the industrial applications . On enabling out of this, if an area of the market falls a candidate can theoretically prop up the price of silver.
Some Silver Application:
* Industry: batteries, soldering, electronics
* Precious Metals: Money, Jewelry,
* New Emerging Markets: solar, water pollution, Medicinal applications
Over 90% of all silver mined the past 5000 years is used up in manufacturing, and world silver inventory is now the lowest for 200 years. Meanwhile, demand for silver greater than ever.
Every year we need 100-200 million ounces more than recovered and recycled together. Essentially, the film / photo industry, electronics industry, jewelers, silver coins and Silver bullion / bars which accounts for the largest consumption of silver. This industry requires an average of 900 million ounces annually, while the supply is 750 million. Thus the world use more silver than it produced, a development that is taking place for the twentieth consecutive year. 70-80% of the silver being transferred to the market recovered today as a byproduct of copper, zinc, lead and gold mine operating earnings because of pure silver mines is minimal. This gives a clear signal that something must be done. Either the demand down, or you must supply up. The first is unthinkable, silver has become a consumable. If the supply up, obviously recovered more. And if it produced more, then silver price up to and at all clean extraction of silver attractive to mining companies.
Famous investor and billionaire Warren Buffett bought in 1997 the entire 130 million ounces of silver, the maximum number of ounces he was allowed to buy. A giant investment that attracted enormous attention. Perhaps not so surprising when you consider that the world's silver reserves reported today is about 170 million ounces. There are several familiar names who have shown their interest in silver. George Soros owns a large share of Apex Silver (SIL). Bill Gates owns more than 10% of Pan American Silver Corp. (PaaS). Major players in the financial world who have chosen to hedge some of their portfolio in silver. In China, the government sold from the quantity of their silver store the last 4 years (2005), but has had to make cutbacks after realizing that the country's rapidly growing economy will need more silver than they can produce themselves. The authorities are now stockpiling gold and silver, and has publicly gone out and asked residents to do the same: invest in real real values.
Data from the U.S. Mint confirms an increasing demand for silver. The sales of Silver Eagles doubled from an average of 4.5 million ounces of 90-years, to over 9 million oz. in 1999. Increase the time was not only a temporarily flickers, average sales for the past 9 years prior to 2008 have added about 9.5 million oz., Against the 19,583,500 oz. units sold last year.
The problem with cash is the value of the currency it has accumulated in. If you look back in time, "paper money" always ended up being worthless, and the current situation is no exception. Most of the world economy is built on numbers in the form of notes, stocks, derivatives and other so-called securities. We have a debt based monetary system that is based almost exclusively on ordinary people's borrowing needs, so-called "fractional banking." Banks' manipulation of the modern economy is an extensive chapter to themselves. .
Official figures from the U.S. for January 2009 shows that silver is underpriced for gold with a 1:77 ratio in relation to 1:15 has been the norm historically. As a long-term, defensive investing is silver, making a huge potential, and a quadrupling of today's silver price within a short time is not unthinkable.
World silver mine Production has increased shock through the past few years from about 600 million ounces in 2001 up to 670.6 million ounces in 2008, according to World Bank Silver Survey 2009
Silver is quite diverse. It is the industrial applications . On enabling out of this, if an area of the market falls a candidate can theoretically prop up the price of silver.
Some Silver Application:
* Industry: batteries, soldering, electronics
* Precious Metals: Money, Jewelry,
* New Emerging Markets: solar, water pollution, Medicinal applications
John Embry of Sprott Asset Management Gold Over $2,000, Silver Above $50 in 2011
John Embry Sprott Asset Management Gold Over $2,000, Silver Above $50 in 2011
I heard that the USA will be out of money in around March 4, 2011. Bernanke the money printer as Marc Faber calls him . I thought he was just printing and imputing the crap into the Federal Reserves Beast Computer devaluing the currency. Maybe they will say phoque it and run it off the cliff.Goodbye Pension Plans. Silver at $50 or even at $500 is not beyond the realms of possibilities, there have been plenty of smart and savy commentators whom have suggested that certainly $400 is going to be a given! I've read others who paint a convincing forecast towards $15,000 Gold and $1,500 silver! Hold on to your positions, the mainstream public have yet to realise what is happening, when it does, that's the time to get ready to sell. When the DOW and FTSE are at parity with Gold ratio! Gold isnt in a bubble. The Fed is a bubble and its about to burst. End the Fed. However I hope the manipulation continues for a little longer because that will allow people to acquire more silver. Silver will outperform gold by a country mile. 2% of the population only invest in metals at present. We need to educate the general population because we will all have to help each other soon in the new normal world."I find it beyond remarkable that U.S. Treasury Secretary Timothy Geithner can say with a straight face that the U.S. would not devalue the dollar for export advantage. He did exactly that in a speech to Silicon Valley business leaders just before an important meeting of the finance ministers of the G20 countries in Seoul, South Korea, in late October. I would suggest that this represents another classic example of making sure you pay attention to what people do rather than what they say. Geithner's obvious mendacity probably also contributed mightily to the essential failure of the Seoul conclave to arrive at any substantive answers on the subject of the intensifying currency wars." John Embry wrote few months ago in an oped article in the Investor's Digest of Canada
I heard that the USA will be out of money in around March 4, 2011. Bernanke the money printer as Marc Faber calls him . I thought he was just printing and imputing the crap into the Federal Reserves Beast Computer devaluing the currency. Maybe they will say phoque it and run it off the cliff.Goodbye Pension Plans. Silver at $50 or even at $500 is not beyond the realms of possibilities, there have been plenty of smart and savy commentators whom have suggested that certainly $400 is going to be a given! I've read others who paint a convincing forecast towards $15,000 Gold and $1,500 silver! Hold on to your positions, the mainstream public have yet to realise what is happening, when it does, that's the time to get ready to sell. When the DOW and FTSE are at parity with Gold ratio! Gold isnt in a bubble. The Fed is a bubble and its about to burst. End the Fed. However I hope the manipulation continues for a little longer because that will allow people to acquire more silver. Silver will outperform gold by a country mile. 2% of the population only invest in metals at present. We need to educate the general population because we will all have to help each other soon in the new normal world."I find it beyond remarkable that U.S. Treasury Secretary Timothy Geithner can say with a straight face that the U.S. would not devalue the dollar for export advantage. He did exactly that in a speech to Silicon Valley business leaders just before an important meeting of the finance ministers of the G20 countries in Seoul, South Korea, in late October. I would suggest that this represents another classic example of making sure you pay attention to what people do rather than what they say. Geithner's obvious mendacity probably also contributed mightily to the essential failure of the Seoul conclave to arrive at any substantive answers on the subject of the intensifying currency wars." John Embry wrote few months ago in an oped article in the Investor's Digest of Canada
Gold Price back above $1,400 after the FED's FOMC meeting
Gold rising above 1,400 .Gold on the rise in Asian markets. In Singapore, the yellow metal rose to $ 1,400.38 an ounce the yellow metal back above $ 1,400 an ounce (1400.38), gaining 0.3%.The Federal Reserve U.S. central bank held its latest Federal Open Market Committee (FOMC) meeting on monetary policy on Tuesday. The FOMC holds eight regularly scheduled meetings during the year and other meetings as needed. The FED decided to continue with its $600 billion QE quantitative easing program and kept interest rates unchanged at record low levels.
Tuesday, March 15, 2011
ALERT : Fake Mexican Silver Coins
There are a lot of fake Mexican silver coins, all denominations and old dates as well, first t
hing is see if a magnet will stick to it, most I have seen that have the weight and feel are magnetic, A lot of Mexican silver coinage is either .903, .8 ,or .72 fine silver, there were very few denominations made from 10%, the 1957 - 1967 peso comes to mind.Most mexican silver dollars are only 10% silver.There are some very nice Mexican coins worth collecting and there are some that are basically worth scrapping...
hing is see if a magnet will stick to it, most I have seen that have the weight and feel are magnetic, A lot of Mexican silver coinage is either .903, .8 ,or .72 fine silver, there were very few denominations made from 10%, the 1957 - 1967 peso comes to mind.Most mexican silver dollars are only 10% silver.There are some very nice Mexican coins worth collecting and there are some that are basically worth scrapping...
Watch out for fake Silver coins Made in China
Watch out for fake Silver coins Made in China , there some fake Chinese pandas coins circulating , so get yourself a digital scale and weight them , the Chinese are very good in making all king of fakes including gold and silver to be very careful .Weighting could not be enough though , I am sure that there will be new fake silver with the correct weight coming soon (by mixing metals, etc). As soon as we figure out their game, they change it ,while weight is a quick and easy test. It is not a final test on whether or not it is real, There are other tests that can be done. I will have to get out the college chem textbook to review. There is a calculation based on the mass of the object and its volume displacement in water for .999 fine, this will yield a theoretical calculated weight based on the molecular weight of the metal in question. Compare this to scale , there is also the ring test where you flip the coin off your thumb to make sure your coins doesn't have a high pitched sound to it. but most importantly try to buy only and exclusively from sources you trust
The demand for gold in Asia reached a record high in first quarter 2011
Asians immense passion for gold continues to grow , China's Gold Imports Soaring almost a fivefold : Under the impetus of a persistent inflation in China and concern for maintaining its currency, the demand for gold in the Asian continent continues to be increasing and reached a record high in first quarter 2011.In this context, the 'new rich' and households with higher incomes in both China and India are turning increasingly to the precious metal as a way to diversify their investments.Just in the month of January, the Commercial Bank of China, a major financial institution in the country, has sold a total of 7 tons of gold bullion, which equates to around half of all sales transactions recorded by the bank over the year 2010. One reason for this growing demand for gold in China is still higher prices, which rose 4.9% in January compared to the same month last year. While analysts expected a higher figure, close to 5.3%, concern about inflationary pressures on the huge Asian continent could lead the Central Bank to review interest rates on the rise.Bank of China has been actively promoting gold and silver products for years. Silver & Gold Pandas can be purchased once again by special order but to my knowledge can no longer be purchased on-site at the bank. Prices for Silver Pandas have increased from about 160RMB a year ago to now about 240 - 270 RMB per coin. The price varies by dealer. One thing is for certain, demand is sure there. Prices will only increase. We are just getting started in the greatest bull run for precious metals in history! and Asia is the biggest player in this bull market
Gold and Silver Short Squeeze, David Morgan interview
There is a lot of talk recently about a short squeeze in silver, and about backwardation (where future month prices are in fact lower than the spot or current price) The easiest way to ride this Silver and Gold bull market which is the only true bull market around, is to buy and own physical gold and silver held in your own possession. You cannot sell simply hitting a button. Perfect situation to be in. That is, if you want to stay in your position during a bull market go long and stay long I hope that you get the last ounce of silver on planet earth. I want to see this thing explode already State of Utah has already passed a bill making Gold and Silver legal tender in the state.
Gold price has risen by 30% in 2010 alone !
During the year 2010 gold has risen in price by 30%. Growth in the value of the metal was recorded the tenth consecutive year that was the longest period of price increases, at least since 1920.
Tips on Investing in Gold
Tips on How to invest in gold and silver wisely :
Investors who see gold and silver as the main protection against inflation, can use several ways of investing money into precious metals, each of which has its own advantages and disadvantages:
• Direct purchase of gold and silver in the form of ingots, coins, etc.;
• purchase of shares of gold mining companies;
• Investing in mutual funds specializing in investments in shares of companies that produce silver or gold.
During periods of hyperinflation, direct investment in bullion and coins are likely to be more profitable than acquiring shares in mining companies. In extreme circumstances, which include hyperinflation, shares of mining companies may be taxed by special state taxes such as additional income taxes that were applied to oil companies in the 70's. And, of course, the government may again prohibit the acquisition of the ownership of gold and silver, which would put investors in a quandary. How often and correctly note, rare coins, attracting the attention of investors during periods of market recovery of gold and silver provide a good yield, comparable with the yield muyu long-term investment. However, rare coins should not be considered in the same context as the full-weight coins, such as American Eagles, Canadian Maple Leafs and Krugerrands, prices are tied to the value contained in them the precious metal. Collecting rare coins, in fact, not much different from collecting stamps, ceramics, art objects or beer cans. Accurate assessment, competence and reputation of the seller, the study and comparison of different proposals - key conditions for success in this market.
With inflation hovering between the middle and high income, the best option of investment is likely to represent the shares of mining companies and funds that specialize in securities of these companies. Buying these stocks do not related to the high commission and the cost of maintenance and storage inherent in investing in precious metals. During such periods, the shares can be very high dividends.
Typically, shares of mining companies YUAP sold through ADRs or mutual funds, and for them is characterized by a lower ratio of D / P and higher dividends than in shares of gold mining companies in the U.S. and Canada. However, despite the attractiveness of companies YUAP, many investors never buy them because of personal dislike of apartheid, or high political risk.
Investors should not forget about the possibility of civil unrest, strikes and other problems in South Africa. As already mentioned, in this country account for a large portion of the total world production of gold. Gold mining industry, which employs 450 thousand workers (mostly blacks), has a large share of the economy and exports of the country. Any sudden interruption in the supply of gold from South Africa could lead to a sharp increase its world market prices and lower stock prices of South African gold mining companies, at least for a while.
Investors seeking to diversify their equity portfolio of South African gold mining companies, can use the services of private investment company ASA Ltd., Whose shares are traded on the NYSE. Statement by the African National Congress of the termination of their guerrilla war in South Africa, made in August of 1990, considerably strengthened the confidence of investors in this country. ASA pays annual cash dividend over the past 30 years.
Japan selling gold to raise Cash after the Quake
Huge Gold and Silver sell off following Japan Quake some rumors say that Japan is selling gold to raise Cash , investors panic to sell gold for cash. Gold index is on the spot price down almost 35 dollars , some are saying with production down because plants are being closing down we may see profit taken and liquidation in both Gold and Silver ....Spot gold prices traded in nervous fashion this morning, following a weak opening near the $1,411 level on the bid-side. the psychological level of $1,400 could not been maintained and the spot price is at present around $1393 /oz , Silver have seen more than 2% drop
Subscribe to:
Comments (Atom)
