Tag: gold

James Turk: Summer Doldrums Over, Gold & Silver To Explode

With volatility in global markets, today King World News interviewed James Turk out of Europe. Turk told KWN, “The financial, monetary and economic conditions are so bad … that everything will spin out of control.”  He also warned, “There is a new factor at work that is about to light a fire under the precious metals that few people recognize – food inflation.”  He went on to say, “We can expect a rally from here that will take our breath away.”  Here is what Turk had to say about what is happening:  “The sentiment indicators for gold and silver have been exceptionally low for weeks now, Eric, which is understandable given their lackluster […]

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Are Lower Stock Prices in the Cards and What Would it Mean for Gold?

Are Lower Stock Prices in the Cards and What Would it Mean for Gold?

The Federal Reserve will hold a two-day policy meeting on July 31 that is expected to yield no change in U.S. interest rates, but markets will analyze and dissect every word of Chairman Ben Bernanke for any clues that the central bank will do more to promote economic growth. Already it seems that three top Federal Reserve policymakers on Monday laid the groundwork for a third round of bond purchases by saying the U.S. recovery was weak and unemployment too high, but at the same time they said the situation is not bad enough to warrant another QE right now. In the June 22, 2012 Premium Update we wrote that […]

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Conventional techniques for precious metal quality assessment

| July 17, 2012 | Articles: Insights
Conventional techniques for precious metal quality assessment

Historically, inspection of gold quality has mostly involved chemical analysis to determine purity, using techniques such as fire assay[1]. But as this is a wholly destructive technique, there are obvious disadvantages. More recently minimally or non-destructive techniques such as mass spectrometry [1] or X-ray fluorescence [2,3], and even low temperature photoluminescence [4] have been used. These approaches may also be applied to other precious metals such as silver and platinum. These can provide relatively rapid inspection with negligible damage to the material, because they probe only the outer surface and rely on the assumption that the material is homogeneous. The problem here is that large regions of impurity – even […]

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Robert Fitzwilson: A Clash Of Two Systems On A Global & Historic Scale

Today 40 year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News.  Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States.  Here are Fitzwilson’s observations:  “One of the most interesting episodes in monetary history has to do with something called a tally stick.  In ancient times, tally sticks were typically pieces of wood, bone, stone or some other suitable material upon which notches were made to denote numbers and other items worthy of memory.  Over time, these tally sticks moved from the mere recording of information to functioning as money.” Robert Fitzwilson continues: “King Henry I of England wanted to maintain […]

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Does Central-Bank Gold-Buying Signal the Top Is Near?

Does Central-Bank Gold-Buying Signal the Top Is Near?

By Jeff Clark, Casey Research Doug Casey told me in January, “The only thing that scares me is that central banks are buying a lot of gold; they’re historically contrary indicators.” When it comes to buying gold, central banks have such a poor timing record that they’re frequently joked about as a contrary indicator. We dislike referring to tonnes of gold instead of ounces. Gold is priced by the ounce. But certain market players, especially central banks, report gold transactions in tonnes. One metric ton (tonne) equals 32,150.7 troy ounces. Recently, they have been buying, quite literally, tonnes of it. Consider the following: Net central-bank purchases in 2011 exceeded 455 […]

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Old gold often erroneously sold below market price

| July 12, 2012 | Articles: Insights
Old gold often erroneously sold below market price

Lately financial media have been describing how resourceful gold buyers are taking advantage of many of their clients’ lack of gold knowledge. In most cases, these clients are elderly and retired people who wish to sell their gold and silver jewellery for extra income. Experts are warning that these sellers should be cautious not to sell their jewellery at too low a price. In the face of today’s hostile financial environment, selling one’s silverware has turned into a necessity for some people. Many households own gold and silver jewellery, as well as silverware or coin collections. Buyers have their eyes set on these utensils – which have often been carelessly […]

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When bailouts don’t work

| July 9, 2012 | Articles: Insights
When bailouts don’t work

Sometimes bailouts do not achieve what is intended, which is one reason they should be avoided. The people of Iceland apparently have some discerning insight into this basic financial reality. When a financial collapse over three years ago sent their economy into a tailspin, Icelanders were given a chance to vote on whether they should impose more debt on themselves in order to bail out insolvent banks. The Icelanders decided to reject the proposed debt burden and the accompanying draconian austerity that would be required. As it turns out, they chose wisely. Happily, Iceland’s economy is back on its feet. As the BBC reported a few months ago: “Iceland is […]

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Stephen Leeb: Smart Money Is Extremely Worried About What Lies Ahead

With continued volatility in key markets, including currencies, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management, to get his take on what is happening.  Leeb spoke with KWN about the level of fear and concern that is being expressed from older market veterans that are extremely well connected.  Here is what Leeb had to say about what is taking place:  “Byron Wien is really one of the deans of Wall Street analysts.  He’s been at this for over 40 years, and he has a superb record.  One of the features of his work each year is that he interviews a […]

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Gold is real, central planning is fiction

| July 5, 2012 | Articles: Insights
Gold is real, central planning is fiction

The dream of developing a science that would allow wise philosopher kings to rule humanity from ivory towers is as old as Plato, but it received a significant boost during the 20th Century as “scientific” socialism searched for the tools to replace the market economy and the price system with a centrally planned “ideal” world. John Maynard Keynes’ equation-rich General Theory of Employment, Interest and Money gave many aspiring central planners what looked like the mathematical tools to do so, and they rushed to build both statistical and mechanical extensions that would bring practical policy applications to economic theory. Unfortunately when logic is absent and the theoretical foundations are a mish-mash of […]

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Peter Schiff: The Return of the Gold Standard

In my latest book, The Real Crash: America’s Coming Bankruptcy – How to Save Yourself and Your Country, I devote a full chapter to the merits of the historical gold standard and reasons to reinstate it. What I did not mention and few investors notice is that central banks are already returning to gold as the ultimate safe haven asset. I believe this change in policy, combined with continued inflation of Western currencies, is creating a stable floor for the gold price and an even brighter upside potential. A Strategic Shift The return to gold is unmistakably the product of a strategic, not merely a tactical, shift in global central […]

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A Dow/Gold Ratio for Independence Day

| July 4, 2012 | Articles: Insights
A Dow/Gold Ratio for Independence Day

A lot of people pay close attention to the Dow/Gold Ratio, writes Adrian Ash at BullionVault. You might want to take a look this Fourth of July, too. This blunt measure of stocks versus stuff gets nearly 5 million results on Google, posting some 650 unique stories on the Dow/Gold Ratio. Search volumes for the term “Dow Gold” don’t quite match “Kim Kardashian” say, over the last 5 years (nor even “Reggie Bush”). But spiking in late 2008 and mid-2011, they very nearly matched search volumes for “Treasury bonds” – a market priced at twice the value of all the gold in the world. So why the interest? The Dow/Gold Ratio maps, over time, how the Dow index […]

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John Embry: Fixes From The 70s Won’t Stop This Disaster

Today John Embry gave King World News an extraordinary interview. Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, discussed market manipulation, the crisis today vs the 70s, inflation and where we are headed.  Here is what Embry had to say:  “I’m fascinated by this whole Barclays situation, in the sense that they have been accused, and have admitted as such, that they have been manipulating Libor.  This actually affects about $360 trillion worth of the world’s financial transactions.” John Embry continues: “It’s actually a shocking thing when you think about it, but I like to relate it to the gold and silver markets.  These people messed […]

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Richard Russell: Is Anything Safe In Our New World?

With continued uncertainty surrounding global markets, the Godfather of newsletter writers, Richard Russell, asked an important and intriguing question, “Is anything completely safe in our new world of central bank fiat paper?” Russell also discussed gold at length, but first, this is what Russell had to say about  the action in stocks:  “I wanted a mechanical way to follow the secular (primary) bear market.  This required a moving average that was insensitive to secondary reactions and also insensitive to cyclical (short-term) bull and bear markets.  In other words, I needed a long-term moving average that would portray the primary trend while screening out most minor and secondary movements.” Richard Russell continues: “After much […]

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5 reasons why you should invest in gold in 2012

| July 2, 2012 | Articles: Insights

With the economy problems still on a rise there is a constant need felt for better investment opportunities among investors. If you want to invest your hard earned money into some lucrative arena, shares and bonds don’t seem too convincing. However investment is a must as there is no point making the growth of the money stagnant by keeping it at home. So you need to find a way out! A considerable option that you can hold back on is investments in gold. Gold prices since the earlier times seem to have a steady rise bringing great profits. The demand for gold is also always on high and people never […]

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