Gold Hits Record High as Global Economic Uncertainty Continues .For investors in this economic climate, it seems that all that glitters is gold. The price of gold hit a record high on Friday, as investors are seeking safer assets amid deepening concerns over slowing economic growth and the outlook for euro zone banks. Gold spot was up 2-and-a-half percent at 1,868 dollars 70 cents an ounce after peaking at 1,877 an ounce.It is being called a modern day gold rush, and is fueled by the dismal performance of the stock markets across Asia pacific Europe and North America . The US Dollar is dead, the body just hasn’t hit the floor yet.You still have some time to save your wealth by exchanging your worthless paper for gold and silver.
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)
Friday, August 19, 2011
Bob Chapman - The Sovereign Economist - 18 Aug 2011
Bob Chapman : People have lost billions and billions of dollars but getting out of Gold and Silver coins bullion and shares positions and not getting back in , when JPM tells you that gold is going to $2500 an ounce this year , pay attention they run the government they own the FED , they know that gold is going up and silver is going up , they are massively short along with others , they are trying to stop gold at $2500 and probably silver at $50 that's why they are saying what they are saying , because they know if they cannot stop it at $2500 in the short term it will probably go to $3000 , $3200 , now what we do ??? we keep on buying .....they are vastly under priced
Jim Rogers : if and when gold goes down, I hope I am smart enough to buy more
Jim Rogers : I do not like buying anything going straight up. I like to buy something going down. So if and when gold goes down, I hope I am smart enough to buy more and I would buy silver the same way.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)
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