Tuesday, June 14, 2011

Silver is a saving not an investment

David Morgan this morning in an interview with the street.com said that he thinks that the end of QE3 by the 30th of this month is Bernanke's way of testing the gold market and measuring inflationary fears , Bob Chapman of the international forecaster agrees and he recommends hoarding silver and gold for the long run the demand for silver be it as poor man's gold and as safety heaven against the collapse of the dollar , but also as an industrial metal thanks to the increasing demand for the renewable energies particularly the solar energy , today the Italians voted with a majority to stop all the government nuclear plans for the future and to obviously turn towards renewable energy the trends is worldwide especially after the Fukushima incident , it takes roughly 20 grams of silver to complete a solar panel this without counting all the circuitry which will need silver the best electrical conductor amongst all metals ....


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold will go significantly higher says Michael Yoshikami

As QE2 is about to end Michael Yoshikami, Founder and CEO of YCMNET Advisors expects gold prices to climb significantly higher than current levels as economic uncertainty persists: " our basic theory about gold is that you should buy gold " he says " it will go significantly higher than where it is now even though it is trading at 1500 an ounce ish , I still believe it will going to get higher as we continue to have more economic uncertainty and most importantly as countries start to transfer some of its internal currency reserves from foreign currencies US currency Euros etc into more tangible assets that they believe they can trust and they have more control over "


Fort Knox Gold Fake or Real ?

Dr. Ron Paul calls for an audit of the Gold in Fort Knox to be tested and counted ,
is the gold in ft. knox fake? is it tungsten plated or is it real gold ? well congressman Ron Paul wants to know. Has the u.s. government secretly sold off the stockpile and replaced it with metal bars that are painted gold? ron paul wants to find out. the congressman is demanding the administration audit the purity of the gold bars in ft. Knox. he shares the house's subcommittee on the monetary policy and repeatedly called for a return to the gold standard. paul introduced a bill in april calling for the gold to be counted and now he is asking officials to testify at a hearing next week on june 23rd about the authenticity of the gold in Fort Knox . it will cost about $15 million to test all the nation's gold. 30 minutes a bar or 350,000 man hours. it would take 400 people working for six hours. the u.s. mint claims to audit the gold annually.




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)
DAILY NEWS ON BOOZE