Gold & Silver Prices to Skyrocket on US Debt Ceiling Worries

Gold And Silver Prices Expected To Skyrocket With US Debt Ceiling Worries , Bill Gross who is Pimco's largest bond fund manager in the world he mentioned when adding in all the money owed to cover future liabilities and entitlement programs the United States is actually in worse financial shape than Greece and other European countries , this is obviously nothing new but what was happening over the prior weeks up until today it is building up , it is like a pressure cooker getting ready to explode , w gonna have to continue to raise this debt (ceiling) and if we do not what's gonna happen is we will default on the loans that America has , you should hold on assets like gold and silver that's where the strenght and the protection are , do not worry about what the stock market is doing , mutual funds the safe heaven right now is in Gold and Silver you get to hold on to for safe keeping....



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)

Eric Sprott : SILVER TO GO SUPERNOVA, PAPER MARKETS ARE A JOKE!

Eric Sprott : "I think that the prices will continue higher. I mean the amount of money printing is unbelievable. I just think you have to take that initial stand in terms of buying it. I use the James Turk analogy: just keep dollar averaging. We have gone up eleven years in a row, this year it looks like it will be no exception; I would certainly think next year will be no exception. If we ever have QE3 announced, I think gold and silver will just go absolutely bonkers here. And so I just think you have got to step in there and own it; we’ve had these fears all the way along. You know, $400, and $500 and $700 and $800 dollar gold, everyone was afraid it was a one-time thing. I don’t think it is a one-time thing, I think it is a secular thing. It’s going to carry on for quite a while here until we find some resolution of these problems. And the resolution probably will be some form of default where people just have to expunge debts that cannot be repaid. So, you have got to be in some asset which will not be affected by that."



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

James Turk : QE3 is inevitable

James Turk of Goldmoney on Goldseek Radio July 12, 2011 : " to me it seems inevitable , the US government is spending more money than the market is willing to lend to it , that means that you will have to the central bank and the central bank turns that borrowing into currency which the government spends or the government has to cut back and there is no indication whatsoever that the US government is going to cut back at any of its spending aspirations I mean it can't even agree to cutting the spending in the future when in fact what it should be doing is cutting spending right here and now , so it seems to me that QE3 is inevitable and ultimately that's going to destroy the dollar to more inflation if not hyperinflation "..." this is the summer that could surprise people , to me it is setting up like the summer of 1982 when gold soared during the Mexican debt default , Mexico is not the center of attention now obviously it's Europe Greece Spain Italy anyone amongst a dozen of countries around the world who have too much debt and are over leveraged , but people think the summer is going to be a quite time , going to the beach , seasonally gold often slows during the summer , I think this is going to be a summer again like 1982 really surprises people , so I am very bullish here and the fact that this correction that we had over the last couple of months driven a record amount of people out of the market suggest to me how strong the metals have been during this correction ..."



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)