James Turk - Silver Backwardation Near All-Time Record , James Turk & Chris Waltzek - February 23, 2011
SIlver up 13% in the last month. Beats hell out of the 0.1% interest rate I was getting in the bank before I made my own little bank run.
If the Chinese are buying silver so should we! Buy silver it's a steal at the current prices. Look at historical charts, in 2000 it was $4.02 a troy & now its over $37, that means $10000 invested in 2000 would now equate to $90,000! buy silver instead of a new car!
Saturday, March 26, 2011
Friday, March 25, 2011
Peter Schiff : Gold To Reach $5,000+/oz in the next ten years
Peter Schiff : I think the Gold is heading higher , the problem is not just the money that is in motion it's the printing presses , as long as we are doing Quantitative Easing the dollar is gonna lose value , in fact you mentioned what's keeping the Euro afloat . it is because you are measuring it against the dollar , and as weak as the Euro is the US Dollar is even weaker , we have hit today a record low against the Aussie Dollar....for the Gold to hit $5000 from here what is a triple , well Gold has more than tripled in the last ten years says Peter Schiff in fact i believe that gold will increase its rate of ascent in the next ten years versus the previous ten...
Gold posted a new High of $1448.60 before falling on thursday
Gold posted a new High of $1448.60 before falling on Thursday , another big rally in metals , large amounts of physical metal moving from the middle east and north Africa towards Malaysia apparently the dictators in north Africa are trying to get their assets in a form that won't be locked up by freezing accounts but will be in a friendly country that is Malaysia , the general mood toward precious metals is still bullish
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