The coin dollar will just be made out of some cheap metal. That news story has nothing do with gold or silver!!! Just imagine if the mint was distributing silver coins... there would not be one of those bags sitting in storage. I give them 3 years max to play on this carousel. The IMF is already talking of increasing the bail out fund for Europe to $5 Trillion & they haven't even spent this weeks money.
The German public is screaming that Germany is going to use it's Pension fund as a source of funding for the bail outs.
The giant vacuum has started on the FIAT mess, Every country in the world now has to print money, it's a race now.
If they don't print then their money is going to me worth too much & hurt their exports.
The Race To The Bottom has started!
Bix Weir live from the Silver Summit , He explained the precious metal manipulation by the mega banks , why you should take advantage of these dips and load as much physical gold and silver as you can possibly afford the prices are going to the stratosphere and there is no stopping them once they take off , Bix is always fun to listen to, as his words and manner are quite encouraging The main thing is, it's playing out in front of our eyes now. Buy silver if you can,if you have the silver in your hand YOU have lost nothing and if you have it in the paper silver take delivery NOW!...at this point one can do the cost averaging or dont think about the price right now buy what you can afford..The leading banksters will lose nothing when the banks go down, only the bond holders & people will lose. They've made their money. The destruction of the banks, in fact, could allow them to hide their fraud. When the new gold based system is created, they will make a fortune with all the gold they bought and they will control it. He who owns the gold rules.
Greenspan was knighted so he's following the satanist plan.
Greg McCoach Interview Live at the Silver Summit , Kerry Lutz interviewes Greg McCoach of Amerigold.com at the Silver Summit in Spokane Washington. Greg talks about the frustration of young people the riots we see on a daily basis in Europe , we are on the verge and America is not immune from this general malaise , the 2 party system have catastrophically failed the American people says Greg there is only Ron Paul that can bring some hope . is an adherent to the Austrian School of Economics and foresees a monumental collapse in the offing. He understands what’s going on and helps us to gain insight into what steps to take to protect our families and our wealth. He’s an accomplished and highly polished speakers and we were fortunate to catch him for an interview.
Master charter Nick Laird talks to Dominic Frisby about his outlook for the gold market , Gold has a safe heaven status says Nick . They talk about the recent correction in the price of gold from all time nominal highs of 1.923$ per troy ounce and discuss the implications. Dominic points out that there hasn't been a 20% drop in the price of gold since 2008. Gold is not money it is a store of wealth says Nick Laird
According to independent radio host Alex Jones the TSA has now started searching for gold and silver coins and bars and starts asking questions about them although they are minted by the US government (most of them are anyways ) obviously the American government wants to make it harder for the American people to own or transport gold and silver coins and bars they want everybody to invest their money in the stock market and have their money in the banks so that they can steal all your wealth bring you to your knees and make you dependent on the central state and beg for its protection ..this is really sick , but you can still put all your money in gold and silver bury it somewhere where nobody knows about and forget about it until the SHTF
Eric Sprott :..based on the evidence that we all see of the massive amount of silver buying vis a vis Gold where people are putting almost as many dollars in silver as they are putting in Gold but the price is fifty times different yet the same amount of money is going in and the availability for investment is in a ratio of about : there is twenty times more gold in dollars to buy than there is in silver dollars to buy for investment yet the money is going in a one to one , I know it is some kind of mathematicians but that cannot carry on something is going to give here so that's why I think that the silver price in the next decade will do better , I believe that the market has determined that gold is the reserve currency it outperformed everything by a wide wide range not even close to been comparable to anything
Hong Kong starts trading gold in Yuan .They've decided to move completely away from the dollar. Smart move.The Chinese Gold and Silver Exchange Society officially launched RMB-denominated spot transaction gold products on Oct. 17. It became the first RMB-denominated spot trading market in the world.
Kerry Lutz Interview with The Silver Shield Chris Duane 10-13-11 : despite of all the manipulation that's going on Silver is still the best way to generate wealth says Chris Duane . Chris just released his latest project, The Ultimate Exit Strategy! Junk silver has nothing of junk it is real wealth and it is the best way to invest in Silver
Bob Chapman : There is two reason why Gold went up , one it is the only currency in the world that have survived , there have been millions of different currencies they did not survive , and silver survived but historically it has more abundant than gold so it did not play the premier role that gold has but it may in the future because production is changing , you do not want to own currencies because historically everybody that have owned them have lost money lost wealth ...the other reason why gold went up is because of inflation....
Despite the massive sell off today the fundamentals for Gold remain rock solid , they sell we buy , because they see gold as a speculative investment we see gold as money the only money that preserves its value over time , paper is just an illusion , let them keep accumulating paper assets cash bonds stocks we will keep accumulating real assets gold and Silver and thanks for the discount by the way , Peter Turville-Ince, Head of Commodity & Equities Strategy at Compass Global Markets, believes that gold prices will continue to rise, and the volatility surrounding the gold market will subside.
The Recent pull back in gold is a reaction of the severity of the global financial situation says Albert Cheng, Managing Director, Far East, World Gold Council, , everybody was looking for liquidity , on the longer term the fundamental is still looking very good , the long term trend has not been changed , we see physical demand for Gold in Asia increasing whenever there is this kind of pullbacks he added , China is a key driver in global demand for gold and jewelry , Demand for Physical Gold increases in China and Asia with every pullback in the prices