Tag: currency crisis

We are now in the Greatest Wealth Transfer in History

| February 26, 2012 | Articles: Insights

In this video, you’ll hear from Mike Maloney why we are currently in a huge wealth transfer, maybe the greatest one in history. Mike Maloney in this video explains why “wealth is never destroyed, it is only transferred.” This is a fundamental insight you need to retain and ask yourself in which camp you are currently with your (personal) assets : growing & preserving wealth vs losing wealth ? Mike Maloney starts off by referring to a quote in the book “The great economic disorder”, written by Larry Bates in the 90’s. The quote he mentions is “wealth is never destroyed, it’s merely transferred”. One of the ideas in the […]

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Buy Gold? Or Follow Warren Buffett?

The Sage of Omaha reckons those who Buy Gold are making a sterile investment. But his alternative looks like a terrible bet… SORRY Warren Buffet. This is where we part company, writes Bill Bonner in his Daily Reckoning. Here’s the Sage of Omaha, explaining, in Fortune Magazine, why bonds are dangerous: Investments that are denominated in a given currency include money-market funds, bonds, mortgages, bank deposits, and other instruments. Most of these currency-based investments are thought of as “safe.” In truth they are among the most dangerous of assets. Their beta may be zero, but their risk is huge. Over the past century these instruments have destroyed the purchasing power of investors in many countries, […]

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Some comments about today’s gold price

Some comments about today’s gold price

Gold is holding firm in today’s session but has retreated from its best overnight levels. You will notice that within the larger time frame on the chart, gold has made a nice run to stiff resistance beginning near $1760 and then retreated. Buying on the downside coming in near the support level marked (close to $1720) has been extremely consistent over the last two weeks however. The result has been a constricting triangle forming which is a consolidation pattern. Bulls cannot take it through resistance at this point but neither can the bears break it down. I happen to believe that the reason the latter cannot accomplish their intent is […]

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Bank of Japan debases its currency, should be good for gold

| February 14, 2012 | Articles: Gold Silver Prices

Gold and silver prices continue to consolidate. Absent some kind of black swan event, this is likely to remain the case until the end of this month, when the European Central Bank announces its second “long-term refinancing operation” – or “LTRO2” as some have dubbed it. If the ECB surprises the markets with a bigger than expected lending programme, then precious metal prices will likely break above resistance levels ($1,750 for gold and $35 for silver) and rally sharply higher. The market’s reaction may be somewhat muted, however, if the ECB “disappoints” with less lending than expected. Nevertheless, people are starting to adjust to the fact that the ECB remains […]

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Gold Prices Driven Higher by Europe and China

Preserving wealth in a volatile political and financial world is a job for gold. Greg Weldon, publisher of Weldon’s Money Monitornewsletter and Grant Williams, a portfolio advisor at Vulpes Investment Management in Singapore, will share their insights at the Cambridge House California Investment Conference Feb. 11–12. In this exclusive interview with The Gold Report, they answer the question: How low and high can gold go? The Gold Report: Recent headlines continue to focus on the debt crisis in Europe as more countries are having their debt downgraded. Greg, you have diagnosed the problem as credit addiction and said that the European Union won’t be able to recover until leaders take painful measures necessary to […]

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Gold Price to Hit $5,000 in 24 Months & Silver $166

Today Egon von Greyerz told King World News that central planners may very well fail at their attempts to save some troubled banks. Von Greyerz also surprised KWN by predicting gold will climb to $5,000 and that silver will hit $166 in the next 24 months. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Here is what von Greyerz had to say about central bank activity and how it will impact gold and silver prices: “If you look at every central bank in the world they are in an absolute mess and they need to print unlimited amounts of money. So we will […]

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Special interview with David Morgan & Chris Duane: $500 Silver & hyperinflation in the US

A very insightful interview with two specialists in silver: Chris Duane & David Morgan. You’ll hear why it’s quite realistic that silver will reach 500 dollar in the (near) future and how you have to look at silver in order to protect yourself. Courtesy to Chris Duane & David Morgan (www.silver-investor.com)  

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Bernanke determined to protect US economy

Bullish US retail sales figures for January and “hours worked” stats for the last quarter encouraged further gains in stocks commodities yesterday. The $82bn Glencore/Xstrata merger and the chatter surrounding the Facebook IPO are also helping sentiment, with many no doubt hoping that this is indicates it’s “business as usual” at the financial markets. Precious metals continue to benefit from the move away from the perceived “safety” of the US dollar, with the gold price breaking above resistance at $1,750 and silver temporarily moving above $34. Not coincidentally, the rise in gold and silver yesterday coincided with a press conference given by Federal Reserve Chairman Ben Bernanke, who once again […]

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Great Deals on Gold and Silver

Great Deals on Gold and Silver

GoldMoney Founder and Chairman James Turk knows how to find great deals on gold and silver. He claims that the 2012 bottom for gold came during the first week in January. If the year’s low is already history and if his projection that gold will hit the $2,000/oz mark within three months is on target, you do the math. “Gold is way too cheap,” he tells The Gold Report in this exclusive interview. The Gold Report: Given the volatile 2011 market and the fact that gold trades at seasonally lower prices in the summer, James, what led you to say you believe we’ve already hit the low for the gold price in 2012? […]

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Investors buying Gold, stocks and euro as report confirms soft landing for China

Dollar prices for Buying Gold rose to $1750 per ounce Wednesday morning in London – their highest level since early December – while commodities gained and stock markets surged following a raft of better-than-expected manufacturing data. Prices for Buying Silver rallied to $34.01 – though they remained below yesterday’s high. US Treasury bond prices fell meantime, while the Euro rallied 1.3% against the Dollar. “Buyers have returned to the Euro, which is helping the situation in gold,” says Ole Hansen, senior manager at Saxo Bank. “[Gold] had a bit of lackluster profit-taking yesterday but didn’t break anything important on the downside, which helped confirm that being long is back in vogue.” “I think that […]

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Video – Breaking News Ellis Martin Report with Jim Sinclair

A special unedited phone interview with legendary Jim Sinclair, about a very special situation taking place right now. The interview takes half an hour and you need to pay some attention to understand everything, but honestly it’s so important that everyone who is invested, should listen to it. Courtesy to Ellis Martin from EllisMartinReport.com

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Currency Wars hotting up

Gold and silver prices paused for breath yesterday following their price breakouts last week. Gold for April delivery at the New York Comex settled down 0.1% at $1,734.40 per troy ounce, while silver …

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Greek crisis close to climax, gold & silver price fall slightly

Markets have been hit by another bout of selling this morning as Europe prepares for what could be a crunch week in terms of the continent’s debt crisis. As reported at The Telegraph, Greece’s prime minister Lucas Papademos warned last night that his country faced “the spectre of bankruptcy and all the dire consequences that entails”, while the weekend also saw calls from German economy minister Philipp Rösler for stronger “monitoring” of the Greek government’s finances. Unsurprisingly, Greece’s Finance Minister has rejected this, describing it as undermining his nation’s “national identity and dignity”. European Union heads of government are due to meet in Brussels later today for more discussions on a new […]

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Gold Prices in 2012: miners bullish on gold’s outlook

This is bullishness on Gold Prices in the 2012 GoldPrice Report from Pricewaterhouse Cooper (available to download here). But the report also outlines many of the head winds facing producers, such as rising costs, falling stock prices and the pressure to pay more dividends in order to attract investment capital. PwC partner John Gravelle, who is the company’s mining industry leader for the Americas in its Toronto office, shares his thoughts in this interview with Hard Assets Investor. Hard Assets Investor: The consensus in your report from the gold producers is that they’re seeing top Gold Prices in 2012 at around $2,000 an ounce. Why do you think the miners are so bullish? John Gravelle: They’ve had quite a few […]

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