Monday, January 2, 2012

Marc Faber : the risk today as an investor is not to own Gold

Marc Faber : ......All I can say, the risk today as an investor is not to own gold, but it’s not to own any gold. If you have no gold at all, I think you’re taking a risk. And my advice is simply every month you put some money aside and you buy a little bit of gold. Depending if you’re very rich, you buy every month a ton. If you’re very poor, you buy every month an ounce or whatever it is, or a gram. But every month, you accumulate. You don’t worry about the price. Look to it and you just buy every month a little bit. And your grandchildren will be very happy about that unless the US government takes it away. That is a possibility with Mr. Bernanke. You just look at him. He’s basically not a particularly honest character. - in The Financial Sense Newshour

Peter Schiff : Central Banks have a lot of Gold to buy

Peter Schiff : ...it's not necessarily default. it's the fact the governments are going to pay but it's how they're going to pay. they're going to pay it by printing money. I think the U.S. is a bigger disaster than Europe, but all the central banks, the U.S., the ECB, the bank of Japan, bank of China, everybody is printing too much money. everybody has rates too low, and the world is looking for an alternative to currencies, not just the dollar or the euro, but the world -- people are going back to real money and not enough people have made that switch. most people are still clinging to the idea that there's a safe haven somewhere in currency. there is no safe haven in currencies. if you want to protect your wealth, if you want to store purchasing power, you can't do it in a currency. you need to own gold and most people are still clueless about that. and a lot of central banks still need to buy gold. if you look at gold as a percentage of reserves, it's near record low. ,  central banks have a lot of gold to buy - in CNBC

Sunday, January 1, 2012

The Making of American Eagle Silver Bullion Coins

I think Both Mints (American and Canadian) are needed. I buy both The Silver Eagle and The Canadian Maple. Both coins have their own unique beauty.the Maples are just so pristine looking and are .9999 fine. The Royal Canadian Mint is not only known for its pure 9999 but they made some Gold Maples that are even .99999 .As compared to gold, silver has a long way to go (up). I'm a big fan of silver at this point Silver is being consumed in industries far more than gold. Also, the gold/silver ratio is too high. Silver will boom once again! it did so before and it will do again!

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