The huge rally in gold is expected to continue—with $2,000 an ounce well within sight over the next decade, well-known commodities investor Jim Rogers told CNBC.
GoldGold will be among the premier plays in commodities, which stand to benefit whether the economy rebounds or not, said Rogers, creator of the Rogers International Commodity Index.
"Gold is going to go a lot higher over the next decade. It may slow down for a while because it's run up so dramatically here in the last few weeks. But gold's going to be much higher," Rogers said. "Adjusted for inflation it should be well over $2,000 now. When I say something like it's going to 2,000 in 10 years it's not a very dramatic statement given the state of the world. I'm sure it's a given."
Article Source
Saturday, December 11, 2010
Dr Deagle Show - BOB CHAPMAN 08 Dec 2010
Dr Deagle Show 101208 - BOB CHAPMAN
Bob Chapman wrote on The International Forecaster of the 11TH 2010 :"....The main battlefield that will decide the outcome will be Spain due to its size and its persistent claim that Spanish banks are very solvent, which is symptomatic of denial. Mr. Zapatero tells us the Spanish debt crisis has passed. Our question, is he dumb, naive or a liar? How could he be so out of touch with reality? He blames Greece and Ireland for the euro zone’s problems as if Spain was a victim of theirs and blameless. Mr. Zapatero’s leadership is simply idiotic. This incompetent is shepherding his people toward financial disaster and servitude. Their real problem is the euro, the euro zone, the ECB, the EU and those who have allowed Europe to be led into a financial and economic trap. Germany, the euro zone powerhouse, doesn’t want the euro or the EU and has never wanted them. They have been it shoved down their throats, because they lost WWII. This is also why Germany was forced to merge Eastern Germany into Western Germany under such horrible terms. Germany is sick of being used as a punching bag and they want out of both. In addition, the cost of staying in the euro is already unacceptable. Any further higher costs could lead to insolvency of currently stable countries such as Germany. Then there are the social issues. Germans expect other countries to work as hard as they do. That has not been the case and will never be the case, so they no longer want to continue to support them. Some say, the withdrawal from the euro will be too traumatic to contemplate. We say concerns regarding bankruptcy would be far more painful. A reflection of that are Germany’s recent failed auctions. Buyers are only taking 20% of the offering. We interpret that as fear that Germany will financially injure itself if it has to continue bailing out failed euro zone members. ..."
Bob Chapman wrote on The International Forecaster of the 11TH 2010 :"....The main battlefield that will decide the outcome will be Spain due to its size and its persistent claim that Spanish banks are very solvent, which is symptomatic of denial. Mr. Zapatero tells us the Spanish debt crisis has passed. Our question, is he dumb, naive or a liar? How could he be so out of touch with reality? He blames Greece and Ireland for the euro zone’s problems as if Spain was a victim of theirs and blameless. Mr. Zapatero’s leadership is simply idiotic. This incompetent is shepherding his people toward financial disaster and servitude. Their real problem is the euro, the euro zone, the ECB, the EU and those who have allowed Europe to be led into a financial and economic trap. Germany, the euro zone powerhouse, doesn’t want the euro or the EU and has never wanted them. They have been it shoved down their throats, because they lost WWII. This is also why Germany was forced to merge Eastern Germany into Western Germany under such horrible terms. Germany is sick of being used as a punching bag and they want out of both. In addition, the cost of staying in the euro is already unacceptable. Any further higher costs could lead to insolvency of currently stable countries such as Germany. Then there are the social issues. Germans expect other countries to work as hard as they do. That has not been the case and will never be the case, so they no longer want to continue to support them. Some say, the withdrawal from the euro will be too traumatic to contemplate. We say concerns regarding bankruptcy would be far more painful. A reflection of that are Germany’s recent failed auctions. Buyers are only taking 20% of the offering. We interpret that as fear that Germany will financially injure itself if it has to continue bailing out failed euro zone members. ..."
Friday, December 10, 2010
SILVER SHORTAGE - WHY SILVER WHY NOW
Massive fraud, universal deceit, blatant corruption. These are not days for the faint of heart. Physical silver can help you to financially prepare for what is yet to come.recent reports say that lots of funds have gone into SLV. SLV is a joke. And once the paper fraud completely unravels, the SLV will unravel along with it. Cab you even begin toimagine what will happen to the price of physical silver when the $9 Billion currently "invested" in SLV needs to find REAL silver?
A much needed video for the new gold and silver investor. There is so much more to the fundamentals causing the neck breaking rise in prices after years of successful and deliberate suppression. Wild fluctuations should be expected, yet the continued 'rocket rise' is essentially a correction upward, then momentum buying. Drops in price to long term bulls are merely consolidations and the base for the next and higher move up. There's always risk. Why buy now? Because you may be left behind. silver is INDEED a remarkable "investment" if you consider the massive paper manipulation and fraud which is now in process of unwinding. If you think silver will only gain in value as the Dollar falls, I would call your attention to the price of silver over the last three months VS the Dollar... Silver has a LONG way to go before it merely trades freely... but otherwise I agree with you.Naked Shorting is illegal and they should be forced to cover, yet as many of the huge hedge funds, the big guys are left alone. Yes there will be a 'scene' and some noise, but it's all show. What about demands for delivery? The shortage could be so wide spread that only cash settlements are possible? When the situation could be extreme, expected a surprise. Could it mean that trading might be halted?
A much needed video for the new gold and silver investor. There is so much more to the fundamentals causing the neck breaking rise in prices after years of successful and deliberate suppression. Wild fluctuations should be expected, yet the continued 'rocket rise' is essentially a correction upward, then momentum buying. Drops in price to long term bulls are merely consolidations and the base for the next and higher move up. There's always risk. Why buy now? Because you may be left behind. silver is INDEED a remarkable "investment" if you consider the massive paper manipulation and fraud which is now in process of unwinding. If you think silver will only gain in value as the Dollar falls, I would call your attention to the price of silver over the last three months VS the Dollar... Silver has a LONG way to go before it merely trades freely... but otherwise I agree with you.Naked Shorting is illegal and they should be forced to cover, yet as many of the huge hedge funds, the big guys are left alone. Yes there will be a 'scene' and some noise, but it's all show. What about demands for delivery? The shortage could be so wide spread that only cash settlements are possible? When the situation could be extreme, expected a surprise. Could it mean that trading might be halted?
Subscribe to:
Posts (Atom)
