Bob Chapman with Patrick Timpone - August 17, 2011

Bob Chapman : Sarkozy of France and Merkel of Germany had a meeting yesterday and unfortunately for them they accomplished very little , the German people and the french to some extent do not want to go any further , they do not want to spend anymore money bailing somebody else they would rathr let them go under and take losses on the bonds they hold ....

Bob Chapman - Time Out with Kevin Gallagher - August 17, 2011

Bob Chapman : The Europeans have made a deal with Greece and Greece illegally approved it through their Parliament , now the Europeans are looking at the other 5 countries that are in trouble and they are saying Jee this is not going to cost a trillion it will cost 4 to 6 trillion which I projected a year and half ago , they do not want to do that certainly the public in Germany Finland Holland and Austria they do not want to do that either because it is going to bankrupt all of them ...there is no final resolution of the problem and it is going to get worse

David Morgan : Gold is not in a bubble it is the debt Bubble

David Morgan :"..... I mean, the view I have is that it's not gold that is in a bubble. it is the debt bubble. it is the increasing of the burden of government's printing more money and that's the real problem. gold's reflecting that reality. so, i think the current case is that the united states finally got the message with the downgrade by the s&p to a lower credit rating and i think this is going to be put some stimulation you might say into the political system that may actually cause some action to take place. if the u.s. can get the debt house in order, i think you'll see some leveling off in the gold price. if that doesn't occur, you probably see the opposite

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