India Coin Sales Law Could Move Gold

India's central bank has allowed four more banks to import precious metals, a move that would boost competition and help reduce premiums in the world's biggest importer of bullion. This week, gold manages to avoid a 8th straight weekly loss despite bearish investor sentiment and a strike in the world's biggest gold market India. Silver though is not so lucky... In this week's wrap, gold and silver continue to slide, the Fed is tight-lipped on QE, and India hikes its gold import duties for the second time this year

As back when gov. printed to many recepits for gold govenments will prohibit possesion of paper currency and allow only virtual computer based currency system. They generated to many virtual recepits for paper currency in the computer banking system. Next logical move for the lie to continue.My opinion on this. All of this scam in US when gov printed to many receipts-currency for gold that was not in vaults. So US government back then issued cheques (dollars) without coverage in gold. What happens when ordinary citizen issues cheque without coverage? All of this was possible 'cause people did not demand of the government to admit cheating on their citizens!And some even wanted to cover it up,because they got rich of it. And they do it till today. Citizens allow it.

Jim Rogers Bullish on Gold but Would Rather Buy Silver Today

Jim Rogers Bullish on Gold but Would Rather Buy Silver Today

• “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.”
• He’s bullish gold will eventually go well over $2,000 an ounce but said corrections of between 30% and 40% are normal.
• Rogers owns all the metals but said if he had to buy one today, it would be silver.

- in ETFtrades

Alfred Adask - Financial Survival - June 22, 2012

Melody & Alfred - Financial Survival - June 22, 2012 :

so it's Confirmed! NO QE3 yet! Operation Twist Extended.. Now what? The money supply can be expanded in a few other ways, so now while everyone is over here watching the QE sock puppet dance around to your left, the real show is happening on the right with all of the machinations I described below. Instead of a liquidity flood, its a steady trickle. Do we really want metals prices that have future money printing expectations priced into them? I think not. I think most metals holders really want a slow steady rise. I know that is what I want.