Thursday, December 15, 2011

Marc Faber : Gold not in a Bubble

Marc Faber : “I don’t hear about gold. I lived through the last gold bubble between 1978 and January 1980. The whole world, whether you were in the Middle East or in Asia or Europe or in America was trading London gold, buying and selling every day,” Marc Faber told Financial Sense Newshour on a Dec. 07 interview “This has not happened yet, and it hasn’t happened. Your friends, the deflationists, have been telling people that gold will collapse to $200 an ounce for the last 10 years and that it was in a bubble. [They] said it [gold] was in a bubble at $500; they said it at $600, and they’re still maintaining it. So a lot of people they don’t own it; they bought it and sold it again. But in the meantime, gold has moved into sold hands.” - in an FSN Interview

James Turk - Precious Metals Panic Report

James Turk Director and Founder of the GoldMoney Foundation interviewed this 14th December by Kerry Lutz of the Lutz Report about where the Gold is headed from here "there are basically two markets there is a paper market for gold and there is a physical market for gold and this volatility in the price wings is normally driven by the paper market and that's why as you said the physical buyers start stepping in and taking up the bargains , I think that's what's going on right here " says James Turk "the bubble out there is fiat currency and government debt " James Turk added "gold is not in any bubble"

Bob Chapman Precious Metals Panic Report - 14 Dec 2011

Bob Chapman on the Kerry Lutze Report - 14 Dec 2011 : "of all the people that I know and they are thousands none of them is a seller all of them are buyers " says Bob Chapman and that what you should do buy as much physical gold and silver that you can put your hands on , take advantage of this nice Christmas discount .....
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