Saturday, May 19, 2012

Bob Chapman : I do not recommend Gold & Silver ETFs

Bob Chapman : While I do recommend a few gold stocks, I do not buy stocks. I have no accounts. My family has no accounts. Period. I buy bullion and coins and I do it frequently. I'm a big believer in both. I do not recommend exchange-traded funds (ETFs) because I do not believe they have gold and silver in the amounts close to 100% of what they're supposed to be holding. Neither do any of the hedge fund managers because most of them are not getting involved in that area. I think it's going to end up being a scandal.- in theaureport.com

Friday, May 18, 2012

Outlook for Silver with David Morgan

It took only 500 ozs of silver to buy a single family median home in 1980 at $50/oz. Adjusted for inflation, that's about $150/oz. So David is saying if it takes 2,500 ounces to buy a single family home, you should start to think about overvaluation. Does $375,000 for a single family home still sound excessive? Sorry, but I disagree with the expert. There is no reason that history should not repeat itself at 500 ounces once again.

QE to infinity, US debt to be 9T more than it is now by the next US election. Be glad the SHasntHTF becuase I wouldnt want to be in the US when it does. Watch the Rodney King riots to see what the US will look when the devaluation ovccurs. Silver will surge when the debt and collapse are on mainstream media. Only a couple of years away now.

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

Gold Reached Support Level at $1,520

Jonathan Barratt, managing director at Commodity Broking Services tells his forecast for the price of gold and gives his views on gold prices and the Outlook for Gold Price. What's really is driving gold? Is it fear or demand? what will happen to gold prices if the eurozone implodes ? Jonathan Barratt, Founder, Barratt's Bulletin says gold has reached a major support level at $1,520.
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