Bob Chapman - James Corbett Interview - Jan. 2, 2012 : Germany legally lent 600 billion dollars to the ECB and there is a swap agreement between the ECB and the Federal Reserve , and the reason they did that is because it is illegal for them to loan each other money so by doing the sway they were able to avoid that , and most people in Europe do not even know that says Bob Chapman , the FED is creating money out of thin air the ECB does the same thing with the Euros , they want to liquify sovereign governments and banks in Europe
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
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