Silver is in a prolonged backwardation , basically silver was in a backwardation since January , a backwardation happens when the spot prices are higher than the Future prices it is a very rare very unusual very bullish situation , normally when a commodity goes into backwardation it lasts just for a short time but Silver was in backwardation since January , even if the price of silver has risen it remained in backwardation which is very very rare .People should own some physical silver around them but also store some in other countries. Better to diversify geographically. Confiscation risk is possible although not currently probable. A well diversified precious metals portfolio would be diversified geographically with physical metal though. Gold Money, Central Fund of Canada, Sprott, Perth Mint, etc.
John Rubino, author of "The Collapse of the Dollar" and co-author, with GoldMoney's James Turk, of The Collapse of the Dollar and How to Profit From It (Doubleday, 2007), and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street (Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst.
Monday, April 18, 2011
Gold and silver prices react to Bernanke liquidity Bubble
Gold and Silver. once again the hottest investment picks today and for the week, the Gold surging toward $1,500 an ounce. the new nominal record high, silver hit a 30-year high, just over $43 an ounce. did someone say Bernanke liquidity bubble? well, i just did once again says Larry Kudlow. and as for stocks, the Dow gained 57 points today on positive consumer sentiment, strong industrial production, and a good new york fed manufacturing index. but consumer prices jumped again and they are now rising 6% at an annual rate over just the past three months. stocks did fall for the week, however, lingering earnings disappointments in the light that alcoa, google, and bank of America. so let's talk about this fed liquidity bubble and the outlook for earnings next week so you investors can figure out how to make an inflation proof buck or two.
Marc Faber on Gold : Physical assets vs Miners
Marc Faber, editor & publisher of "The Gloom, Boom & Doom Report" talks about his preferred ways to invest in gold " well basically I do not think that people should punt on Gold but they should be their own central bank and gradually accumulate gold reserves as a currency and they should basically hold it physically but not in the US outside the US " " I think there is the risk that the US will once again as they did in 1933 collect the gold expropriate the gold they will not take away and not pay anything they'll pay probably the market price and after they will revalue it it by say five times "
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