Gaza War: Expect a Spike in Oil, Gold [View article]
And and I love misinformation....I read someone that Belarus sold gold to defend their currency...Thats ironic, and they should have know it wasnt going to work...Only compounds the problem as you dwindle real assets for paper..If the paper falls again, you now have less real assets to support your lower paper values, this causes a larger fall than if no gold was sold...
Gaza War: Expect a Spike in Oil, Gold [View article]
As the dollar is stronger when gold was last at 880, the price of gold rose significantly in 08, continuing is bull run. This year will be no different. As all other asset classes have fallen, gold has risen.YTY it is up around $50 from last dec. 31st date. This is no coincidence. Even with 2 large banks holding most of the short interest into one lump immovible sum, gold still rose YTY. 09 will leave banks less firepower, and less news to support lower gold, so they will have to let it go up a bit more than last year, percentage wise...Obama is great for gold, as deficit spending will reflect in a weaker dollar and stronger gold prices to match...Expect huge premiums for physical vs. paper gold to rise dramatically this year as bank confidence and COMEX trust fades...If just 5% of future contracts were to take delivery it would wipe out COMEX's gold customers and send the price to the moon...Buy gold in its physical form now, while you still can find it..
Gold Equities Should Reward the Patient [View article]
I wish people would realize that banks shouldnt exist. IF every american were responsible and lived within their means, banks would have no function other than to charge us a small monthly fee to store our gold their(now toilet paper).
Gold Equities Should Reward the Patient [View article]
Dont buy and hold the GLD long term. Do you really think theres gold in their warehouse? I suspect their is very little actual gold available for delivery from Barclays. There a bank that cant be trusted, like every bank on this planet. I wouldnt use banks to store my value until they remove my deposits from their liabilities side of their balance sheet. And stop making loans against my deposits. Then I may consider banks as anything more than legal criminals. Thats all banks are. They are designed to hand you toilet paper, and then charge you interest on the toilet paper.
Countdown of Manipulated Gold Price Running Out [View article]
I know for a fact coin shops wouldnt sell gold or silver anywhere near spot when it went to 773. In fact, he wouldnt sell silver at all. Why should he? He knows the paper price is a joke, and he is waiting to sell much much higher.
Best way to hold gold, is in physical form, not certificate or in the GLD. When the GLD hits 1200 or more, and people want their gold, they will be in for the surprise of their life. It wont be there, just like fractional reserve banking says everyone cant have their cash at the same time. Holding your gold with a bank is like asking a theif to hold your wallet. Good luck with that.
New Trend for Emerging Gold Producers: Amalgamation [View article]
Gaza War: Expect a Spike in Oil, Gold [View article]
Gaza War: Expect a Spike in Oil, Gold [View article]
Gold Equities Should Reward the Patient [View article]
Gold Equities Should Reward the Patient [View article]
Countdown of Manipulated Gold Price Running Out [View article]
Gold Futures' Dirty Secret (Part II) [View article]
6 Golden Investments for a Commodities Bounce [View article]