Monday, August 22, 2011

Gold gone off Charts above $1900 - Go physical

Savneet Singh, chief executive officer of Gold Bullion International, talks about investing in physical gold , there is a huge differentiation between owning the physical gold and owning a share in trust that belongs to somebody else , with physical Gold there is no counter party risk




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 : Gold is not going to stop at $2000/oz

Bob Chapman - The Financial Survival 22 Aug 2011

Bob Chapman : I see that they have invaded Mr Ghaddafi and they probably might capture him and the first thing , they are going after his Gold , I do not think it is going to be sold in the market they know it is going to go much higher they know they can't impede it except for using derivatives and they do not want to lose that gold but they are going to steal , the operative word is STEAL , they are nothing but criminals they are worse than Gingis Khan ,,,Gold is not going to stop at 2000 , I think it is going to blow right throw it , I am going to be a buyer as I told you I do not care what the price is just BUY......

Bob Chapman : $8000 GOLD : $3000-$3200 by next February

Bob Chapman : well you heard the song up up and away . that's just the way it is going to be , one of the psychological aspects of this and these people are very good at this , JP Morgan Chase came up a couple of days ago and said Gold is going to $2500 by the end of the year , here there are with the largest short position , naked short position in silver and silver usually runs with Gold , what are they up to ? , what they are up to is this : they are trying to set up a barrier at $2500 because they think on the short term before the end of the year it could go higher than that , they are trying to set a psychological new ceiling , it is just common sense and understanding the criminal mind , if you want to find out what they are doing you have to think like a criminal ...that's what they are trying to do here , they are not frightened about gold they know it is going to $8000 , they are just as smart as we are , but they want it to go as slowly and incrementally as possible
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