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Friday, May 27, 2011

China growing middle class may defy Gold summer slump

China is one of several nations planning a gold and silver backed currency behind the scenes. Another one is Mexico. Libya was planning one before the MidEast uprisings. .Al and Brien Lundin discuss today's gold & silver markets and what the future holds ,Al Korelin and Brien Lundin discuss the gold and silver markets and how China's growing middle class may defy the summer slump.

Brien Lundin is the editor and publisher of Gold Newsletter, a publication that has ranked among the world's leading precious metals and resource stock advisories since 1971. He is also a regular contributor to Kitco. Mr. Lundin is also the host of the famed New Orleans Investment Conference, the world's oldest and most respected gold investment event.

Bill Murphy : the public is just waking up to Gold and Silver in the United States

Bill Murphy, chairman of the Gold Anti-Trust Action Committee (GATA), : ..free market price of gold if it kept pace with inflation would be $2500 right now and it is only $1500 and change , well that seems like a lot compared to years ago when it is done but that's an example of what the price suppression scheme has done , all these gold cartel can do now , because they do not have the gold that people think they have is manage a retreat keep an excitement to a minimum try to keep gold out of the headline as a barometer of bad tidings for the financial world , but these gold cartels been losing they are gonna lose they are in deep trouble is no telling what silver can do in the upside the public is just waking up in the United States to Gold and Silver the ownership of each is tiny , it is a very exciting time for , to be involved in precious metals and also for GATA .....

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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