David Morgan Gold prices could go up astronomically after QE2 ends

David Morgan on the Ellis Martin Report discussing the Dollars, Debt and Danger of hyperinflation : "what's coming unfortunately is the great day of reckoning , at some point the dollar collapse happens and at some sense it is happening in other words it is not usually an overnight anomaly where all the banks close that's not probably what's going to take place , what's happens is as we are witnessing more and more nation stats start to say I do not want any more dollars , the FED becomes the buyer of the last resort of the bond market which is true as it is still going on until June 30th when QE2 ends , and right now the FED is buying 80 percent of the bond offer after the 30th of June who is going to step in and buy it , China ? Russia ? Japan ? I do not know I doubt any of them will buy that much they may buy some , so we get to the end game and the end game is I do not want the dollar anymore , and the problem with this is it is still interconnected for the global economy because the dollar is still the reserve currency so if you stop wanting the dollar what do you want ? and it does not take much of the bond market to go to the security of Gold to move the prices in paper terms to an astronomically higher level and that's the situation we are facing , China is increasing its gold holdings Russia is increasing its gold holdings India increased its gold holdings , Central bankers have become net buyers of gold recently as they were net sellers for a very long period of time , so e are getting near the end ...so hopefully it gets to a point where an adjustment can be made in other words we go back to some kind of Gold standard or pseudo gold standard or a commodity basket or something that have faith in it we are not there yet but we are getting there very rapidly ...says David morgan








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)

Jim Rogers : Gold will go over $2000

Famed investor Jim Rogers was asked "where would gold be a year from now ?" in a Thomson Reuters Q&A session , his answer was : "I don't have a clue , I do have a clue that Gold will certainly go over $2000/oz , Gold's all time high adjusted for inflation would be well over $2000 , it will go there , I mean you can dream I have no idea , if the dollar does collapse in the next ten years which I expect , you pick your number when you have declining currencies and things are denominated in US Dollars who knows what the prices will be , they will be unbelievably high they gonna be much higher than even I believe , the numbers are gonna be staggering , it is always that way in a bull market , if you and I had sat here in 1980 to 1992 and we talked about what the prices will be five ten years later nobody would have believed this or even


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)

Peter Schiff : The Gold Standard for a sound economy

Peter Schiff  : Gold is worth its intrinsic value it has unique and special properties that other metals do not have , you comparing Gold to paper , what is the federal reserve note worth what a piece of paper that is printed by the US government what is that worth ?!?!? I mean you cannot use it for anything it is just paper but it already has been written on , I mean it is not soft enough to use as toilet tissue , what you gonna do with it ?!?!?!" Peter Schiff of Euro Pacific Capital believes that the Gold standard could happen even sooner than a five years from now , and the reason for that is we have a dollar crisis we have a currency crisis that brings on an even worse financial crisis and I think that currency crisis is coming soon it is going to send the dollar plunging consumer prices and interest rates surging and we gonna be in a much deeper recession and the only way to have a real economy a sound economy is to discipline the government to prevent them from deficit spending and the only way to do that is with the Gold Standard says Peter Schiff



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)