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Wednesday, August 31, 2011

Rush to the GLD

Gold is up nearly 30% today. there's been a rush to the GLD. exchange rated fund, up around 50% this year. Bob Mipisani shows us the unprecedented access he got at the GLD vault. it was an incredible array of gold A look at where gold prices are headed and who are the largest buyers of the precious metal, with Jason Toussaint, World Gold Council "it's important to note there is a big dichotomy where that demand is coming from. there is constraint and supply coming to the market. secondly, if we look at the difference between developed markets and investors and u.s. and europe, they're turning to gold as a store of wealth, safe haven asset and looking to store that wealth through time. particularly in markets in India and china, an economic prosperity story. certainly through the last decade, we're looking at 9% above GDP growth estimates for both of these markets, there is a huge wealth creation effect going on. we know both cultures have strong affinities to gold and now decreasing discretion area income and taking more gold off the market." says Jason Toussaint,

Tuesday, August 30, 2011

Gold Rush : the wholesale jewelry industry

About half of all of the gold in the world actually ends up as jewelry and for some investors, that's the way to go. own physical gold. Lafayette, Louisiana, is the home of stoler, the largest wholesale jewelry manufacturer in the united states. and what a home a 600,000 square foot facility, 1200 employees strong. this is where it all begins. gold is brought here in the form of these big gold bars and they weigh 400 ounces a piece and some of it is melted down to the bars sold to individual investors and the rest is combined with this gold from the manufacturing processes. all of it is destined for the melt house. only 60% of the supply of gold in the world comes from mines and the other 40% comes from people melting it down. melted gold, recyclable is 40% of the supply right now

Thursday, August 25, 2011

Peter Spina interviewed by James Turk on Gold and Silver

James Turk, Director of the GoldMoney Foundation, interviews Peter Spina, CEO of GoldSeek.com, about his views and outlook for the gold and silver market the monetary market , how he started Goldsek in 1995 to become one of the most visible preciouse metals websites on the internet ....

Wednesday, August 24, 2011

Marc Faber : Gold is the most honest form of cash

Marc Faber :  "I'm not certain that people should buy gold today because we have a huge run in precious metals recently and they need to consolidate or shake out the weak holder. I would expect the correction in gold to occur. I think that everybody should have some gold if they want to own some cash because gold is the most honest form of cash people can own" "well, it's (ETFs) a claim on physical gold. i prefer if investors hold physical gold in a safe deposit box ideally outside of the u.s. in various locations, Switzerland, Singapore, Hong Kong, Australia, Canada. " "I think it's important in today's very uncertain world to diversify not only the various asset classes, in other words equities, bonds, gold, real estate and also the custody of your assets should be in different jurisdiction , I don't trust anyone" - in CNBC 23 Aug 2011

Tuesday, August 23, 2011

James Turk & James McShirley on The 1% and 2% rules for the gold price

James Turk, Director of GoldMoney Foundation interviews James McShirley, President of the Allied Building Center about the 1% and 2% rules for the gold price and his outlook for Gold market and the gold price manipulation from a statistical point of view ,both agree that GATA' is right about the Gold Market manipulation

Monday, August 22, 2011

Gold Breaks yet another record today above $1900/oz

Gold is now a whisker away from reaching the psychological threshold of $ 2,000 an ounce. The yellow metal for immediate delivery has, in fact, updated once again its all-time high in the Asian markets reaching the value of $ 1,894.80.Gold could just shoot up to 2000, yet I believe gold will have a pull back before going after 2000. The dollar used to be the safe haven currency. But the dollar has been replaced with gold .I think most people buying gold (physical) after 2008 bought it not as a commodity, but as a store of value. So why should these people suddenly consider to sell it? Maybe paper will be sold off to get physical instead, than the "official" price will drop (maybe even to $100) but you will not be capable to get any gold at all. Even at $5000 I would not sell mine. What should I do with the money, just put it into an account? Buy stocks? I am already loaded with stocks, more than i like...

Bob Chapman : $8000 GOLD : $3000-$3200 by next February

Bob Chapman : well you heard the song up up and away . that's just the way it is going to be , one of the psychological aspects of this and these people are very good at this , JP Morgan Chase came up a couple of days ago and said Gold is going to $2500 by the end of the year , here there are with the largest short position , naked short position in silver and silver usually runs with Gold , what are they up to ? , what they are up to is this : they are trying to set up a barrier at $2500 because they think on the short term before the end of the year it could go higher than that , they are trying to set a psychological new ceiling , it is just common sense and understanding the criminal mind , if you want to find out what they are doing you have to think like a criminal ...that's what they are trying to do here , they are not frightened about gold they know it is going to $8000 , they are just as smart as we are , but they want it to go as slowly and incrementally as possible

Sunday, August 21, 2011

Marc Faber : Physical gold in a safe deposit box is the safest

Marc Faber : “The function of paper money is to facilitate the exchange of goods and services, to be a store of value and a unit of account — the U.S. dollar fails on all three,” “Intelligent people, instead of holding cash in U.S. dollars with zero interest rates, why not hold money in gold and silver?” And as a currency, gold should be held in its physical form and not in shares of gold miners or even exchange-traded funds. That would rule out popular vehicles such as SPDR Gold Trust or iShares Gold Trust Be sure to store your gold in banks in Switzerland, London, Singapore, Hong Kong, Australia — just not in the U.S., Faber said. “Physical gold in a safe deposit box is the safest,” . “Forget about huge capital gains. I would look at capital preservation. I want to preserve my capital. Faber added - in MarketWatch

Saturday, August 20, 2011

Chinese Rush for Gold as Prices Climb

Gold prices are climbing as nervous investors around the world seek a safe way to preserve their wealth. Global gold prices are pushing record highs as investors shun risk.But rising prices aren't deterring Chinese investors--who are buying up large quantities of the precious metal. The trend is likely to continue, as experts say the price of gold will climb higher. Not only for the Chinese gold has always had a timeless appeal. And since the world markets are on shaky legs, the Chinese investors increasingly put their money in gold . Since investors want to avoid the risks of other investments, with gold prices now reaching record levels. Gold has always carried a timeless appeal in China--but even more so as panic grips global markets and Chinese investors seek out the precious metal as a way to preserve their wealth. Despite high prices, demand in China's jewelry stores is high. Customers of the jewelers see gold as a good investment. "Because stock prices fall, and there is no better way to invest, gold for us probably the safest investment." says one Chinese buyer Chinese economists believe that the price will continue to rise, "The monetary system is still in crisis. And in the future it could be worse. So I am assuming that the gold price will rise for a long time. " says Gold expert Liu Shan'en . Some stores are already sold out on gold bars, where the customers are already in the morning lining up before the shops open .With soaring prices, gold jewelry stores in China have become hot spots. In some stores, gold bullion has reportedly sold out--with customers queuing outside before they opened."The currency system has not yet passed its gloomy period and things may go worse in the future. In this case, I personally think that gold price will experience a long-term rise."says Gold expert Liu Shan'en. A gold investor said, "Gold was only 215 yuan a gram a few years ago. Now the price has nearly doubled. I think gold retains value though, and it has been appreciating. It is worth investing." Gold retailers are laughing all the way to the bank. Some are even enjoying sales up 70 percent from a year ago.

Friday, August 19, 2011

China & India account for half the Gold Market

Is Gold is still cheap ? "Gold is lot of things to a lot of different people but I think there is a tendency in the US and the Western world to disparage it as something conspiracy theorists who think the US is a Zionist conspiracy and bury it in the ground with their cans of tuna. But gold is seen differently in Asia to how it is viewed in the rest of the world and you only have to see how much of it there is around," Tony Morri, senior strategist at Nomura says

Thursday, August 18, 2011

Peter Schiff : The Bubble is not in Gold , The Bubble is in US Treasuries

Peter Schiff : " The Bubble is not in Gold , The Bubble is in US Treasuries , the number of people buying gold is tiny compared to the number of people who are buying treasuries , but the point is even though so few people are buying gold look at how much the prices are gone up imagine what will happen to the price of gold when all those fools who are rushing into the treasury market because they think it is the safe heaven what's will happen when they will realize that that's not a safe heaven and everybody starts trying to buy Gold , imagine what's going to happen then to the price of gold , because it is gone up the way it is when only a very small fraction of the investment community and of the general public is buying the overwhelming majority are just foolishly buying US treasuries following the blind over the edge of a cliff "

The World Gold Council Q2 gold demand trends report

Discussing the World Gold Council's Q2 gold demand trends report and a look at where gold may go from here, with Marcus Grubb, The World Gold Council "it is at a new high. we released a new report with a strong high. we saw a very strong performance from India and China, strong jewelry demand as well in the second quarter. we don't believe gold is in a bubble." "absolutely. you have seen strong bar demand and join demand up about 13%. largely that's been in india and china this time around. partly on the back of high inflation figures in both of those countries. also, i think -- demand for physical gold. to hold physical gold in the difficult economic times in western countries. in particular in Europe and united states."

Wednesday, August 17, 2011

2011 Outlook for Gold and Silver by Nick Barisheff

Nick Barisheff, President and CEO of Bullion Management Group on Lang and Oleary Exchange discusses Gold and Silver markets outlook for 2011 . BMG is a precious metals mutual fund, they hold physical gold silver platinum. on a mutual fund your commitment is $2500 to start and $500 per additional installment. 2011 Investment Outlook Luncheon Presentation by Nick Barisheff .Gold Outlook 2011: Irreversible Upward Pressures and the China Effect Gold Because its money that can't be printed and if the world monetary system collapses or gets severely devalued it will keep its value. The price is where it is because of money printing.Nick Barisheff explains why precious metals are best hedge coming double-digit inflation .Gold has outperformed every other asset class over the past decade and finally financial and mainstream media are starting to take notice. Nick offers insight that helps investors to understand the different methods to buying gold and in particular, why buy physical bullion.

Tuesday, August 16, 2011

Gold is the ultimate Currency

Gold is money, Silver is more! Paper currency is TEMPORARY but GOLD is FOREVER.The same people that are saying that gold is expensive at $1700 are the same people that were saying that gold was expensive at $400 , these people focus on price and not on value they focus on gold as a commodity a speculative play or bet instead of looking at gold as a Currency , The ultimate Currency . They do not understand gold's value as insurance against the loss of purchasing power and the devaluation of paper currencies worldwide . The Banksters understand this ....the dollars is a fiat currency with no intrinsic value ...

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Richard Nixon did the single most injustice to the United States of America. With the stroke of a pen by Nixon on August 25, 1971 has lead up down a path of ruination. 99% of America do not know that the end of the dollar is near. We must prepare ourselves for that inevitable day that the is gone. What is the time line for that day? No one really knows. Prepare now.

Monday, August 15, 2011

Peter Schiff : Gold headed to $10,000/oz

Peter Schiff : I am an unapologetic gold bull , I have been bullish on gold for ten years , and what's happening makes me more bullish because Europe is becoming more like the United States , what's Europe is saying is the nation that share the Euro Currency they will not be allowed to default no matter how much money they borrow the European bank will simply print Euros to pay it off , so they are going to inflate rather than default , they are going to make the Euro almost as weak as the dollar , now I might just have to say instead of going to $5000 may be Gold goes to $10000, Gold is safety it is money ...

Gold Outlook for 2011

Gold the ultimate reserve currency , Gold Price Per Ounce Predictions Over $2,000 by most investment ,analysts. Golds historic high is $2,400 if you adjusted for inflation based of 1980's gold price high. JP Morgan predicts $2,500 ounce, Bank of America Merell Lynch $2,000 ounce in next year. Whats is backing these predictions? Federal reserve - key interest rate low. to continue to 2013, quantitative easing, Trade deficit is now 4.4% or $53.1 Billion, 26.7 Billion with china alone. Chicago Mercantile Exchange raised margin requirements . In some parts of the world gold is viewed as the protector of wealth. In North America, gold is viewed as a speculative investment. Our economists regard a rising gold price as an admission of defeat, and their disparaging attitude toward higher gold prices took on a more desperate tone in 2010. Nevertheless, gold had another remarkable year, up 25% in 2010, its tenth straight annual gain. Meanwhile, over the same 10-year period, five major currencies -- the US and Canadian dollars, the euro, the British pound and the yen -- have lost between 70% and 80% of their value. In reality, gold is not rising; currencies are falling in value, and gold can rise as far as currencies can fall. Nick discusses the three dominant medium-term trends that pushed up gold prices in 2010 (central bank buying; movement away from the US dollar; China) as well as three longer-term, irreversible trends that will put upward pressure on the gold price for years to come (the aging population; outsourcing; peak oil). In addition to these trends, more and more investors will be competing to buy a shrinking gold supply. As safe-haven demand accelerates, there will be a transition from the $200-trillion financial asset market to the $3-trillion aboveground gold bullion market. About half of that $3 trillion is held by central banks as reserves; the remainder is privately held, and not for sale at any price. If the world's pension and hedge funds moved only 5% of their assets into gold, it would trade at over $5,000 per ounce. Nick's conclusion: Without any new financial crises, both mid- and long-term trends indicate that gold -- and silver -- will continue rising through 2011 and well beyond.

Sunday, August 14, 2011

Peter Schiff : Silver has the best of both worlds

Peter Schiff : silver is up nine consecutive years I have been riding this bull since 1999 - 2000 , silver is kind the best of both worlds because it is an industrial metal and it is also a precious metal , so if you think the economy is growing you can buy silver and if you are afraid of inflation you can buy silver , it kind of has that element going for it , silver prices are rising for the same reason that oil prices are rising agricultural commodities , paper money is just losing value , it is losing value because central banks are printing too much of it , that's not going to stop

Saturday, August 13, 2011

John Embry : Gold headed for $3000/oz

John Embry : Well it could be, because as you go down the path to hyperinflation, it just means that money is being devalued at an ever greater rate. Gold, being real money, is priced in this devalued money. People just don't seem to grasp that it's not gold that's doing anything; it's the value of the money in which it's denominated that's driving the bus. It's going straight down and the price of gold ultimately will go straight up. Now having said all of that, you got to be careful what you wish for, because the societal impact of this could be very, very negative. I would just as soon be wrong, but my job is to analyze things and this is the way I see it. Well, I was bullish in the late 1990's and I was wrong. This is what got me involved with GATA because I started to analyze the situation more closely. When you discovered what the central banks were really doing in this space, leasing their gold and what have you, it all started to become very clear. As I mentioned in my talk yesterday at the conference, I don't think people recognize what weakened position the Western Central banks are in with respect to their gold reserves. As a result, I think, that the swing from supplying gold to the market, where the Western Central banks have been doing this great amounts for 15 years, now with the Eastern Central banks taking gold out of the market, and the Western Central banks being limited in what they can do going forward, this is an enormous change. That alone would have a significant upside impact on the price.

Friday, August 12, 2011

Gold after the CME Margin Hikes

The Bull case is Europe is likely to handle its debt crisis by printing more money , to avoid default , which is inflationary , every western country is trying to debase its currency in order to boost their exports and devalue their debts , so that's a bull signal for Gold , but a healthy pullback is in order before heading higher and eventually hitting the historic mark of $2000/oz

Thursday, August 11, 2011

Gold Rush in Thailand

Thailand is taking part in the global gold rush. There is so much demand for it that the Thai Gold Traders Association says some shops have run out.The ounce of gold hit the record of $1800 an ounce. The price keeps rising and makes gold an especially solid investment when compared with other volatile world commodities. Asia and especially India and China are seeing a Gold rush by the population , the premiums on the gold are betting higher and there is shortage of gold supplies in the markets ....

Wednesday, August 10, 2011

CME Raises Gold Margins 22% - Watch out for a correction

CME Raises Margins for Trading Gold Futures : The CME Group on Wednesday raised maintenance margins for trading Comex 100 Gold Futures by 22.2 percent, effective after the close of business on Thursday. reports CNBC today

Gold Sets Another Record over $1800/oz As the Stocks Tumble

Gold hits another all time Record in New York, where prices rose to $ 1,801 an ounce.The new black day in the markets favors the gold rush that has set another all time record high. The futures expiring in December quoted on the Comex in New York for the first time reached 1,800 dollars per ounce (up to 1800.40) and then retrace to $ 1,788 (+2.5%). Today, fears have been accumulating over France with the risk that some banks in difficulty could default . France is heavily exposed to the peripheral countries of the Eurozone debt .

Tuesday, August 9, 2011

Gold becoming the unofficial reserve currency again as people lose faith in the US Dollar

Central Banks turn to Gold as a safe Heaven , we likely going to see another round of Quantitative Easing and further weakness of the dollar , there is a crisis of confidence in the US government and in the currency , we are not seeing that immediately in the bonds as a flight to safety , what we are seeing is Gold becoming the unofficial reserve currency again as people lose faith in the US Dollar , this story is not going to end here at !700 we are going to see further strength in the price of Gold , Gold is under invested in portfolios , Gold represents a very small portion of China's foreign reserve exchange and that's likely to grow so they will use any weakness in the gold price to step in as well as other central banks across the globe says Steve O'Hanna, Investment Manager at Fat Prophets Funds Management

Monday, August 8, 2011

The US could Confiscate the European Gold : Jim Rickards

Jim Rickards : "I tell investors, Gold doesn't ever change value. what this is really telling us is that the dollar is going down. it's the inversion of the dollar. you know, the dollar may go down nominally. all the currencies are going down together against gold and i think that's the significant movement." Jim Rickards, Tangent Capital Partners senior managing director "well, I've been very bullish on the euro. partially because they have 10,000 tons of gold. we have 8,000 tons. they actually have more gold than we do. if you combine Europe, the united states and throw in the IMF for good measure, that's about 70% of all the official gold in the world. who is left out in the cold? the Chinese, Brazilians and the British don't have much gold. as the payroll currencies begin to collapse and you need to go back to a gold backed system which I expect in a matter of years , the people with the Gold , I call the US the Saudi Arabia of the Gold we are a super power in Gold , their Gold (the Europeans ) is in the United States so one of the scenarios ahead is the United States will confiscate European Gold it's what we have done before FDR 1933

Wednesday, August 3, 2011

Those who live by the Dollar will vanish with the dollar , Buy Gold and Silver Now.

The price of gold for immediate transactions in U.S. currency at a new record above U.S. $ 1670 an ounce, boosted by worries about global growth and the debt crisis of the euro area. The price of spot gold of $ 1670 an ounce, up 0.6 percent during the day by at 08:55 GMT, after hitting a record high of 1672.65 dollars
Not only the movement of investors to buy gold only, but it also included the central banks. for example the Bank of Korea bought 25 tonnes of the precious metal reserves in order to diversify its reserves . The first
time in 13 years that this institution buys gold in Reaction of U.S. debt

It has become difficult to predict how long the range of movement of yellow metal, where he was expected to slow down , but it continued to break record highs several times in less than a week. The total gains of gold during the month of June was 11 percent , traditional factors are no longer sufficient to
understand the movement of gold, where high prices before the date of August 2 is attributed to the ability of the U.S. government to get approval to raise the debt ceiling U.S., but continued high prices,
even after this date make it easy to expect gold at $ 1800 per ounce in the short term , other factors supporting the price of gold, including the threat of the credit rating agencies to downgrade the U.S. credit score to less than AAA, this threat made a lot of investors turn to the yellow metal as a safe haven to secure their wealth and to escape the loss of the weak dollar and government bonds and this also included the threat of the default of some major European countries such as Spain and Italy. The purchases of Gold by the central banks of countries such as Kazakhstan, Thailand and South Korea contributed to the rise in effective demand for yellow metal markets, which pushed the price of an ounce to move beyond the level of 1673 USD , for example, the central
bank of South Korea purchased during the months of June and July nearly 25 tons of gold in an effort of diversification of its reserves and to avoid the risks of inflation in the coming period.

Gold the one and only safe heaven in times like these

" Gold is certainly the most obvious place , when there is any sign of uncertainty , people start to panic " "Gold has a real tangible value and people always flock to gold in times of uncertainty,It is an excellent investment in times like this it has a real value " " David Lowery, equity analyst at Faraday Research told CNBC. "It is an excellent investment in times like this as well because it does have a real value," he added.

Tuesday, August 2, 2011

Gold yet another all time high record at $ 1,660/oz

It triggered a new record on the inevitable price of gold, the safe haven par excellence that is pushed upward for weeks by the climate of tension that is gripping the world markets. The ounce reached a peak at $ 1,640.9 on the platform of CME Group, up about $ 20 compared to yesterday's closing and setting a new record high. Gold is used by investors as a means to protect themselves from the turmoil that may affect the equity markets, as well as government bonds or foreign exchange markets.
Today the stock markets worldwide suffered sharp declines again, while tensions are recreated on bonds of different countries of the euro zone. Meanwhile in the U.S., if you are hoping for a lucky escape on the risks of default on payments due to an agreement on budgetary rules, it is feared a sharp slowdown of the economic recovery.

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