Friday, September 16, 2011

Bob Chapman : The Austrian Banks limiting the Gold purchase to 15K Euros

Bob Chapman - Financial Survival 16 Sept 2011

Bob Chapman : The Austrian Banks limiting the Gold purchase to 15K Euros which is about $20K ,unless they have a database reporting the sales in all the banks this is useless , this is stupid says bob Chapman , it will just create a black market for gold with higher premiums , they are trying to limit the people from purchasing gold other European countries are doing the same , this gold thing is just killing them , they should know better than this , this is dumber than dumb , but it shows you how desperate they are ....

Europe default may send Gold to $6000/oz

CNBC is now reporting that Gold may top $6000 an ounce along with silver at $600/oz in the near future caused by the banks failures and the default that are on the horizon in Europe , investment capital will continue to flock into safe heaven assets like gold and silver if these banks continue to default

Bob Chapman - De Deagle Show - Sept 16 2011

Bob Chapman : My prophecy of two years ago that Greece would and should go under is coming true , would that be next month of September when they will have their meeting I do not know would it be next month I do not know I just know it is going to happen , do what you are supposed to do to get ready for it this is going to be far worse than what we saw three years ago during the credit crisis and then the crisis that will come after that in New York City and London is going to be even worse because you got all these money market funds and the pension funds they have been buying bonds in these nations that are in trouble Greece Portugal Ireland etc....reaching for yields reaching for interest income

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