James Turk :...the Euro is not the Deutschmark the ECB is not the DeutschBank once you recognize that and understand that you'll understand the reasons why you need to own gold and silver to help protect your wealth and assets against the tough times that we got coming . James Turk Compares Gold's annual rate of exchange against 9 major currencies : The US Dollar the Canadian Dollar the Australian Dollar the Chinese Yuan The Euro , The Indian Rupee The Japanese Yen The Swiss Frank and the British Pound ....Gold is without a doubt one of this decade's best performing asset classes ...very few years in this table when gold actually lost value against any of these currencies , we had double digits rates of appreciations against all of the world's currencies ...this is a very simple way of preserving your purchasing power just hold GOLD...this rates of appreciations are going to continue...Gold is not volatile , the volatility comes from the currencies...gold is not investment Gold is Money , Gold is not an investment it is a sterile asset cause it has no cash flow attached to it that's why it is money , now there are two things you can do with money either spend it or save it , presently because gold is so depressed you should save it until 2013 - 2015 when James Turk prognosticates a gold price of $8000 an ounce then you can start spending your gold and buy undervalued assets and we will be riding the next boom bust cycle ...Gold does not increase your wealth it preserves your wealth , Gold does what money is supposed to do it is supposed to preserve purchasing power over time , The US is heading towards an Argentine type of hyperinflation
One could argue that with the paper manipulation in the gold and silver markets, holding physical gold and silver will BOTH preserve wealth AND create wealth.
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
Sunday, June 5, 2011
Underground Scrap Gold & Silver Economy Expanding Like Wildfire
There is no such a thing as broken jewelery , jewelery is worth what metals it is made of , it does not matter if it is broken or not , if it is made of gold it is worth the gold it is made of .Do not let anybody fool you that your broken jewelery is worth less just because it is broken . Before I found out about gold and silver, I had the false belief that selling gold is a good idea. Now it is clear to me that such a move is foolish. Gold and silver are awesome! I will never sell my gold and silver at these prices and certainly not against paper money ...I will eventually trade my gold and silver in the future for real estate or farm land or food or weapon it will all depend on the boom bust cycle and what's the hot commodity at that time ....
These guys they get paid for their work with profits on the "spread", i.e. the difference between their buy and sell prices. With that money the pay their living expenses. Whatever they can save, they use to buy gold and silver for themselves.The honest ones are no different from you and I. There are crooks in every occupation, but coin dealers and precious metals dealers are infinitely more honest than bankers who loan electronic money they don't have, and print money backed by nothing.
See a lot of that silver that used to get thrown out, now gets recycled. Heck there are people who will buy old computers and electrical equipment because the cost of their precious metals now make them worth salvaging.
The main reason for the spike of the price of gold, is it's use in microprocessors and other high expense electronic components. Though silver is a better electrical conductor than gold, it tarnishes too quickly to be used in long lived products
These guys they get paid for their work with profits on the "spread", i.e. the difference between their buy and sell prices. With that money the pay their living expenses. Whatever they can save, they use to buy gold and silver for themselves.The honest ones are no different from you and I. There are crooks in every occupation, but coin dealers and precious metals dealers are infinitely more honest than bankers who loan electronic money they don't have, and print money backed by nothing.
See a lot of that silver that used to get thrown out, now gets recycled. Heck there are people who will buy old computers and electrical equipment because the cost of their precious metals now make them worth salvaging.
The main reason for the spike of the price of gold, is it's use in microprocessors and other high expense electronic components. Though silver is a better electrical conductor than gold, it tarnishes too quickly to be used in long lived products
A Marines Disquisition - June 2, 2011
Bob Chapman : we had pressure on the stock market it is going down like a blade , people are going out of stocks into bonds , the FED keeping interest rates low , we gonna have more wars besides the 3 or 4 we are already in , only safe to be is gold and silver related assets ,we may have riots i America just like what's happening in the middle east and Europe
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