"The whole reason why there is a credit crisis in the first place is because nobody trusts any institution that isn’t owned, backed, or financed by government debt. So where does that leave the investors?"
Great point. In reality any government is truly just a representation of the citizens of that country's wealth and ability to pay taxes. That is, after all, where a governments money comes from.
So really, people are buying US Citizens credibility to pay. Only problem there is US Citizens for the most part are in debt to the hilt, losing their jobs, and some are more concerned about putting the food on the table than buying Christmas gifts.
Gold on the other hand, requires no government to back up its value. It has had value for over 5000 years of human history. Not going to change tomorrow.
Can a Dubai Silver ETF Send Global Spot Prices Higher? [View article]
I think it could have a substantial impact. There is a tremendous amount of cash looking for a home in the Arab theatre.
A very small portion of this massive stockpile of wealth, not to mention the Sovereign wealth funds, if it finds its way into the silver market via this ETF could have a massive impact.
The gold ETF GLD has drawn a huge amount of physical gold out of the trading market, and holds more than the national reserves of China.
A similar drawdown on global silver stocks because the Arabs choose to invest in this ETF versus not trusting one out of the US for example, could be huge.
While it is my first reaction is to draw a target on someone who seems to be whining about manipulation, all intelligent people I know who have taken the time to study the issue in terms of the gold and silver markets have come to the same conclusion: sure looks like it.
Precious Metals: Emotions Still Stronger Than Fundamentals [View article]
Fundamentals have not changed: 1. Gold mining supply is still lower than global demand, has been for over a decade 2. The credit crisis isn't getting better, on the contrary its getting worse 3. The US has no choice but to continue to debase the currency, all other nations will, and already are, following suit 4. The average mom and pop citizen hasn't caught on yet, don't believe me? Go ask 100 random people if they invest in gold, the response will shock you. 5. Gold has always been, and will always be the foundation of the global financial system. Bundesbank just admitted it, something you don't see a bank do very often.
The Gold to Oil Ratio Does Matter [View article]
The Fear Bubble: Treasuries and Gold [View article]
Dow Will Equal Gold in 2009 [View article]
History shows these runs take longer than a year, but we are in a unique time for sure.
Also...too much exuberance for a rally? Isnt that when rallies occur?
Lastly...the dollar as a safe haven? I literally laughed when I read that.
I have an idea. Anyone who wants to bet me the dollar is a safe haven:
1. Email me so we can exchange info, and the amount you wish to bet (you can get my email from my blog)
2....put your money in dollars...I will put mine in gold and silver.
3. Lets compare notes in three years.
The End of the Gold Carry Trade [View article]
Great point. In reality any government is truly just a representation of the citizens of that country's wealth and ability to pay taxes. That is, after all, where a governments money comes from.
So really, people are buying US Citizens credibility to pay. Only problem there is US Citizens for the most part are in debt to the hilt, losing their jobs, and some are more concerned about putting the food on the table than buying Christmas gifts.
Gold on the other hand, requires no government to back up its value. It has had value for over 5000 years of human history. Not going to change tomorrow.
www.rapidtrends.com/bl.../
Finding the Lowest Premium for Physical Silver [View article]
Going to force more contracts on Comex into physical delivery to take advantage of what investors are willing to pay.
Silver inventory in the Nymex warehouses has been dropping consistently:
www.nymex.com/warehous...
For those who dont believe it, use the above link and track it for a while and see for yourself.
Can a Dubai Silver ETF Send Global Spot Prices Higher? [View article]
A very small portion of this massive stockpile of wealth, not to mention the Sovereign wealth funds, if it finds its way into the silver market via this ETF could have a massive impact.
The gold ETF GLD has drawn a huge amount of physical gold out of the trading market, and holds more than the national reserves of China.
A similar drawdown on global silver stocks because the Arabs choose to invest in this ETF versus not trusting one out of the US for example, could be huge.
I am looking forward to what happens with this.
Silver: Gap Between Paper and Physical Prices Widening Daily [View article]
www.rapidtrends.com/bl.../
U.S. Economy on the Brink; Metals, Solid Currencies Are Best Option [View article]
"Since we’ve left the gold standard, the U.S. dollar has depreciated by 45 times, or 97.78%, in relation to gold. "
www.rapidtrends.com/bl.../
Time to Buy Gold and Silver [View article]
While it is my first reaction is to draw a target on someone who seems to be whining about manipulation, all intelligent people I know who have taken the time to study the issue in terms of the gold and silver markets have come to the same conclusion: sure looks like it.
www.rapidtrends.com/bl.../
Jon Nadler Proves Precious Metals Manipulation [View article]
Buy physical.
The Real Story of Precious Metals' Returns [View article]
Gold retains its buying power over time.
I dont buy gold as an investment, its a storehouse of value, period.
www.rapidtrends.com/bl.../
Precious Metals: Emotions Still Stronger Than Fundamentals [View article]
1. Gold mining supply is still lower than global demand, has been for over a decade
2. The credit crisis isn't getting better, on the contrary its getting worse
3. The US has no choice but to continue to debase the currency, all other nations will, and already are, following suit
4. The average mom and pop citizen hasn't caught on yet, don't believe me? Go ask 100 random people if they invest in gold, the response will shock you.
5. Gold has always been, and will always be the foundation of the global financial system. Bundesbank just admitted it, something you don't see a bank do very often.
www.rapidtrends.com/bl.../
Sorry, There Is No Silver Conspiracy [View article]
Google is your friend!
www.rapidtrends.com/bl.../
The Disconnect Between Supply and Demand in Gold & Silver Markets [View article]
I think the key point of interest though, is that the US Mint hasn't done anything like this in something like 20 years.
That in itself should tell you something about this market.
www.rapidtrends.com/bl.../
Silver and Gold: Buy, Hold or Run? [View article]
www.rapidtrends.com/bl.../