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Monday, July 2, 2012
Marc Faber : Gold Bullion Has Bottomed
"but I think we've bottomed out. "Some Gold Mining shares have become very very inexpensive compared to the reserves they have." Faber told Bloomberg in an interview recently
Thursday, June 28, 2012
India Coin Sales Law Could Move Gold
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.