Thursday, October 13, 2011

Bob Chapman : Gold is the only currency in the world that have survived

Bob Chapman : There is two reason why Gold went up , one it is the only currency in the world that have survived , there have been millions of different currencies they did not survive , and silver survived but historically it has more abundant than gold so it did not play the premier role that gold has but it may in the future because production is changing , you do not want to own currencies because historically everybody that have owned them have lost money lost wealth ...the other reason why gold went up is because of inflation....

Bob Chapman on Platinum and Palladium

Bob Chapman recommends to buy platinum as a speculator but not as an investor , platinum have become than gold recently , but Bob Chapman recommends caution : "as a speculator yes , as an investor no , I keep life simple there is nothing wrong about buying platinum and palladium but I think the greatest gains because of the things I just described in Gold and Silver "Bob Chapman prefers to buy gold and Silver related assets and hold on and go for the long term , go long and stay long and do not approach this as something that will make you rich , you are trying to preserve your wealth....

Gold trading gains some ground on Slovak vote

Bullish on Gold Michael McCormick, director of Belvedere Share Managers, sees opportunity to profit in gold and advises to invest in oversold mid-cap gold producers.The European debt problems are going to play favorably for the Gold and Silver as a safe heaven to run to in these times on uncertainties , the Slovakia's vote to reject expansion of the euro zone bailout fund, and it's impact on Europe's banks and a Greek default,....

DAILY NEWS ON BOOZE