Bob Chapman - The Sovereign Economist - 21 Sept 2011
Bob Chapman : I expect that because of the relationship between the COMEX the LBMA with GLD and SLV and they do not have any gold to speak of and they have phoney audit and they are using derivatives options and futures contracts that relationship is going to break down and when it does everyone is going to lose all their money so all you speculators out there who are in the LBMA and COMEX and GLD and SLV one of these days you are going to wake up and your money is all gone
Thursday, September 22, 2011
Bob Chapman recommends 30 percent in gold and silver coins and 70 percent in gold silver shares
Bob Chapman with Kerry Lutz - 9-21-2011 Bob Chapman : my recommendation is 30 percent in Gold and Silver coins split evenly , and I would generally stick to bullion coins in both....
with the shares at 70 percent , why ? because historically they have far far outperformed coins , to me coins are for a different thing and I got a lots of them , for emergencies and that sort of things , in the worse of the depression gold and silver shares went up over 500 percent the DOW dropped 90 percent and yes the price of gold doubled but did not go up 500 percent , during the inflation of 70-71 they went up forty times more on average than the price of Gold , I am not saying that will happen again but they will the shares will outperform
with the shares at 70 percent , why ? because historically they have far far outperformed coins , to me coins are for a different thing and I got a lots of them , for emergencies and that sort of things , in the worse of the depression gold and silver shares went up over 500 percent the DOW dropped 90 percent and yes the price of gold doubled but did not go up 500 percent , during the inflation of 70-71 they went up forty times more on average than the price of Gold , I am not saying that will happen again but they will the shares will outperform
Jim Rogers : today I would buy Silver because it is 25 percent below its all time high
Jim Rogers : " silver goes down in fact if I had to buy one today I would buy Silver because it is 25 percent below its all time high while gold recently made an all time high , but I am not buying either today if I would buy anything today I would buy agriculture ..."
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
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
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