Wednesday, October 24, 2012

Gold rebounded after a drop to the lowest price in almost seven weeks

Gold rebounded after a drop to the lowest price in almost seven weeks spurred purchases and as investors boosted holdings in exchange-traded products to a record. Silver, platinum and palladium advanced.
Spot gold climbed as much as 0.4 percent to $1,708.85 an ounce and was at $1,706 at 12:06 p.m. in Singapore. The metal slumped to $1,699 yesterday, dropping below $1,700 for the first time since Sept. 7, as the European Central Bank warned about the risk of deflation in some countries.
Source Bloomberg : Read More >>>>>

Silver & Gold 2013 Price Predictions: Jim Rogers, Robert Kiyosaki & Eric Sprott

Find out what investors are saying about Gold and Silver. Robert Kiyosaki, Eric Sprott and Jim Rogers are well respected people in the silver community. Jim Rogers in a recent interview talking about his forecast for Quantitative Easing and how an economic slowdown will affect commodities and precious metals such as gold and silver the influence of gold in the economy. The financial state of the world is greatly relative to gold, this video helps explains how. Dont look at money market when trying to decide if it goes up or down understand fear of paper money out there due to large debt and banks making to much money to lend to people who cant borrow due to debt and having no real assets and banks trying to save to off set fear by reducing there own debt people will hold on to assets until they see a solution from the government this is why we are in deflation now but not for long will go to hyperinflation then silver wil go up

SILVER SHORTAGE AHEAD? - Bix Weir, part 2

When the Anglo American silver price suppression scheme ends because the physical demand over runs the shorts silver can go up regardless if there is a hyperinflationary event, that was the example I was making. In hyperinflation industrial demand of silver will stagnate as the monetary demand skyrockets. One way or the other silver will have it's day.

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

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