I believe the answer to the recent increase in the price of silver and gold can be attributed to what is written in the following article by Ted Butler. Any serious gold or silver trader should read the following article. Amazing article!
Gold Analysts Not Expecting Inflation This Year [View article]
Not very many anylysts predicted a 50% drop in the stockmarket either. Nor did they predict an over 300% appreciation in gold in the past 10 years. Dont listen to analysts!
If their will be inflation in 2010, then thats exactly the reason to buy gold now. Be ahead of the curver...not behind it!
How Will Gold Perform in the Coming Equity Crash? [View article]
I dont know if it really matters anymore if the stock market goes up or down. If the market goes up, then it only reinforces the accusations that the market is being manipulated and is totally corrupt. And if the market goes down then it only reinforces my belief of what a sad and pathetic world we all live in that a select group of people could actually destroy this country because of their greed and selfishness.
I own gold/silver coins and bullion, and I am 100% convinced that the prices of all precious metals and commodities will go higher in the future. Maybe next week? Next year? 5 years? Who knows? I really don't care quite honestly because I bought my gold/silver as an insurance policy against the corrupt politicians and Fed reserve to protect what little wealth I have.
I am very fortunate that I don't have to worry about my personal financial situation at this time but I do worry about all of the other people in this world.
Some of the posters and authors on this site should be careful about what gold/silver prices you are hoping and wishing for.
Gold and Economic Freedom: Reinterpreted for the 21st Century [View article]
History Buff 24/7,
I concede that the quote is somewhat spurious (not necessarily bogus). There was a documented letter from Jefferson to Galatin in the Library of Congress, strangely though, the letter is now not available.
The term deflation was coined long before the 1930's. Does your history expertise cover the 1836 deflationary spiral in the US economy? Also, Benjamin Franklin wrote about deflation in his writings in 1729 “Birth of a Paper Money Economy”. And since Thomas Jefferson succeeded Franklin as the French minister of finance in 1785, I'm sure Jefferson was well versed in the subject of Fractional Reserve Banking and the National consequences of deflation.
Gold and Economic Freedom: Reinterpreted for the 21st Century [View article]
"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up home-less on the continent their fathers conquered." –Thomas Jefferson
There is no silver shortage! I can get it very easily. A few months back it was difficult to find because the price dropped so hard and fast nobody wanted to sell their holdings at a loss because it was 100% guaranteed the price would rise back to where it is today at roughly $14/oz spot. Now, if you go to apmex.com, you can get any type of silver you are looking for.
I am bullish on silver, however I think the premiums charged on physical silver are totally ridiculous.
Back to Gold? [View article]
Do you believe what the US government is telling us? I don't.
Back to Gold? [View article]
news.silverseek.com/Te...
7 Myths About Gold Debunked: Bubble Warning; $600 Target? [View article]
9 Cures for Gold Fever [View article]
Gold will not buy happiness but it will pay for alot of grief.
Even Insurance Companies Are Buying Gold [View article]
Gold Analysts Not Expecting Inflation This Year [View article]
If their will be inflation in 2010, then thats exactly the reason to buy gold now. Be ahead of the curver...not behind it!
How Will Gold Perform in the Coming Equity Crash? [View article]
I own gold/silver coins and bullion, and I am 100% convinced that the prices of all precious metals and commodities will go higher in the future. Maybe next week? Next year? 5 years? Who knows? I really don't care quite honestly because I bought my gold/silver as an insurance policy against the corrupt politicians and Fed reserve to protect what little wealth I have.
I am very fortunate that I don't have to worry about my personal financial situation at this time but I do worry about all of the other people in this world.
Some of the posters and authors on this site should be careful about what gold/silver prices you are hoping and wishing for.
Gold and Economic Freedom: Reinterpreted for the 21st Century [View article]
I concede that the quote is somewhat spurious (not necessarily bogus). There was a documented letter from Jefferson to Galatin in the Library of Congress, strangely though, the letter is now not available.
The term deflation was coined long before the 1930's. Does your history expertise cover the 1836 deflationary spiral in the US economy? Also, Benjamin Franklin wrote about deflation in his writings in 1729 “Birth of a Paper Money Economy”. And since Thomas Jefferson succeeded Franklin as the French minister of finance in 1785, I'm sure Jefferson was well versed in the subject of Fractional Reserve Banking and the National consequences of deflation.
Gold and Economic Freedom: Reinterpreted for the 21st Century [View article]
–Thomas Jefferson
Bullish on Silver, Less So on Gold [View article]
I am bullish on silver, however I think the premiums charged on physical silver are totally ridiculous.
Bullish on Silver, Less So on Gold [View article]
ourominas.com
Does Gold Beat the DJIA? It Depends [View article]
Acute Phase of the Crisis: Gold, Oil and Yen [View article]
Anybody wanting to buy gold at spot price? You can get gold bars in Brazil for less from Banco do Brasil..
Buy the Brazilian real also. :-)
The End of Gold, Part Three [View article]
Gold is Overbought: Time to Short Barrick? [View article]