Peter Grandich - GATA Gold Rush 2011

This interview was recorded in London on August 6th 2011. Peter Grandich, was interviewed by James Turk discussing gold, the S&P Downgrade, the future of America, silver, the GATA Gold Rush 2011 London conference the US Treasury bubble and that no debt crisis is ever solved by adding more debt and more. Peter is the author and founder of the internationally followed blog "The Grandich Letter."

Gold Prices to Keep Climbing

In trading gold investors need to retain a sense of history. Gold was pegged at $32 an ounce from the end of WWII until 1971 when the US went off the gold standard. It rose to over $600 an ounce in 1980 until falling precipitously to the $200 range where it remained for twenty years. The current price of gold is based in part on fundamentals and weakened economies and in part on fear of a global financial meltdown. If a trader gets caught in a highly leveraged futures position just as EU and US officials solve their debt dilemmas trading gold could be the least profitable trade of a lifetime. In short, watch technical analysis and hedge risk with options is often the best advice. Trading gold on the Comex has entered a new era as gold futures rose over $1,600 an ounce recently. As twin debt crises plague the two largest economies in the world investors are looking for safe havens as a means of hedging investment risk. Trading gold has always been a means of hedge inflation risk and a refuge in times of political crisis, economic chaos, and war. Gold bullion futures are traded on the Comex, one of two branches of the New York Mercantile Exchange, NYMEX. Billions of dollars of precious metals, agricultural commodities, and energy products are handled by the NYMEX.

David Morgan : Gold Prices Can Still Reach $2,000

Investor demand is still strong for gold despite recent volatility and Wednesday's steep selloff , what's going on is a wait and see says David Morgan , fundamentally you should own gold , the fundamentals have not changed untill the financial house gets in order on a global basis , having said that you are going to see probably more volatility going forward says David Morgan ....

Gold to Hit $2000 an Ounce on the Short Term

Gold hovers around the psychological level of $1900 on European debt woes , after it has reached an all time high yesterday night at around $1920 before puling back this morning of the news from Switzerland about the Swiss Central Bank imposing a ceiling on its Swiss Frank , some big investors had to sel some gold in order to recover the losses on the Swiss franc, but Gold is now back around $1900.David Lennox, resources analyst at Fat Prophets, says he's given up on setting a year end target for gold and believes that the current price is a psychological barrier to break through with the news at hand.

Peter Schiff : Gold is the Last Haven Standing

Peter Schiff : “Fortunately, gold doesn't have a central bank, so it can rise as fast as the dollar falls …That is why gold is doing so phenomenally well, and why it should continue to do so.” - in www.advisorone.com

Gold prices soar on the worst job report in nearly a year

David Morgan : I think we are definitely going to test that level soon ($1900/oz) Gold is reflecting a lot of uncertainty in the market place , if QE3 is announced it may bolster the gold stories , I am looking for a good pop in silver may be a two dollars move or something like that says David

Gold is up 150% since late 2008

The savvy hedge fund players are cashing in on the gold rush.Hedge funds are using gold as a curb against sharp moves and also as a swiftly appreciating long holding , one reason Gold can rise indefinitely unlike the Yen or the Swiss franc for example both of which are popular positions right now , the yellow metal is immune fro,m central bank metaling that contempt upward swings since late 2008 Gold is up 150 percent

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,

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

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 ....

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

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

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

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

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.

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

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."