Gold derivatives explained

Reginald H. Howe an author, private investor, and member of Golden Sextant Advisers LLC in Massachusetts explains what Gold derivatives are : "...basically central banks loan gold in one of three ways , they deposit it with other gold banks or with the bank like the Bank for international settlements which then may loan out part or all of that deposit , they loan it to the bullion banks or they engage in swaps with the bullion banks either gold swaps or frequently gold currency swaps why do they do this , the ostensible reason is to earn a return on their gold , otherwise refereed to as a sterile asset .and the return on gold is called a lease rate basically the lease rate of gold is the interest rate on gold and these transactions by in large are done between the central banks and the bullion banks ..."



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)

Bob Chapman - The Sovereign Economist 15 June 2011

Bob Chapman predicted a year and half ago that Greece will default , and that what they should do he says , the loans should have not been made in the first place , the Greek politicians on league with JP Morgan Chase and Goldman Sachs had been using credit default swaps to hide the real condition of the Greek debt , Greece should default get out of the Euro bring back the Drachma and set up a five years program to continue austerity on a reasonable basis says Bob Chapman of the International forecaster

Silver american eagle monster box

American Silver Bullion coins are a favorite with collectors around the world. Every year the inventory from the U.S. Mint sells out .This is a video of opening a 2010 Silver Eagle Monster Box that I purchased.still buying a bit here and there. I don't really need anymore to be honest, I've got as much as I want. If we have a large pull back to a point that the price is in the 30's I will buy more. I am however going to convert my ETF's into physical as I want to hold them for a long period of time, ETF's are paper silver so it is a good idea to sell them before the mass public get into silver and start collapsing the silver funds, physical is what you want for long term (1 year+)