Gold prices are rising today despite the strong dollar mostly due to strong Chinese imports of gold which during the last quarter of the last year , China imported a 103 tons of gold in the month of November 2011 alone , it was all in anticipation of the Chinese new year which starts next week
Trends forecaster Gerald Celente says that he is bullish on gold and also silver due to that fact that the FED will continue to print more fiat money and that now we have India and China in the gold and silver market unlike in the 70s and 80s when both countries were still behind iron curtains , Gerald Celente like to invest in gold in the form of 10 ounces bars and one kilo bars , and in silver he likes in in 100 ounces bars
David Morgan ...overall the trend will be higher I am expecting actually to see silver pretty much double over the course of 2012 going roughly from $30 to $60 " David Morgan says that it will take sometime to get through that psychological barrier of $50 but that it will happen during the course of 2012 , David Morgan says that he is buying more silver right now
After a disappointing QE4 last year , Gold is starting 2012 with a strong upward trend as capital continue to look for safe heavens , the geopolitical uncertainties creating in the straight of Hormuz are going to help gold trade higher , not to mention to continued Eurozone debt problems and uncertainties about the future of the Euro , the fundamentals for gold are stronger than ever Gold is the ultimate safe heaven for the wise capital , and I think we are headed for a very nice rally in this 2012 year ...tighten up your belts we are about to take off .....
Marc Faber: ......All I can say, the risk today as an investor is not to own gold, but it’s not to own any gold. If you have no gold at all, I think you’re taking a risk. And my advice is simply every month you put some money aside and you buy a little bit of gold. Depending if you’re very rich, you buy every month a ton. If you’re very poor, you buy every month an ounce or whatever it is, or a gram. But every month, you accumulate. You don’t worry about the price. Look to it and you just buy every month a little bit. And your grandchildren will be very happy about that unless the US government takes it away. That is a possibility with Mr. Bernanke. You just look at him. He’s basically not a particularly honest character. - in The Financial Sense Newshour
Dec 30, 2011 : Founder of Sons of Liberty Academy Chris Duane on the Financial Survival Network interviewed by Kerry Lutz
WAKE UP AMERICANS - WE HAVE GIVEN UP OUR RIGHTS. WE THE PUBLIC OWNS THE AIRWAVES, SO WHY DID WE LET CORPORATIONS GREEDY GRAB AND CONTROL AND DOMINATE THE LAME STREAM MEDIA?? WE NEED TO DEMAND OUR GOVERNMENT BREAK UP THESE MERGER MENIACS AND DIVEST AND BECOME LOCAL AGAIN. WHEN GE OWN NBC, MSNBC AND PAYS NO TAXES. WE HAVE A PROBLEM. WE THE PEOPLE NEED TO VOTE OUT EVERY SINGLE CONGRESSMAN AND SENATORS WHO BARACADED THEM SELVES IN THEIR IVORY TOWER W/ POWERFUL CORPORATE LOBBISTS. GET REAL!
Debt Collapse - $20,000 Gold - Mike Maloney On Gold and Silver & Economics .a must see for anyone holding any form on 'currency'!
Mike Maloney inspired me to start a Gold & Silver Collection to preserve my wealth! Priceless information Thank you for your awesome wisdom Mike!! Your saving millions of people's financial futures! I bought his book in 2008...bought my first round of PM's after finishing. Since then, I have read it two more times. There is such an incredible amount of information...like many others, I feel indebted to this man for offering his knowledge.I figured that ounces of gold that the US government has to the True Money Supply is $23,734 per ounce.I don't think of the bank balances as money the same as notes and coins because if if the actual reserves aren't there, the bank defaults on withdrawal obligations.
What fractional reserve does is increase the velocity of money. It increases the supply of credit and it's really bad.Inflation is not even a problem for people who understands that today's money is WORTHLESS, you DO NOT under ANY circumstance save MONEY, you invest money in value (eg. gold, stocks, real-estate and whatnot).
The only money you should have is to cover your cash-flow,
From 1880 to 1914 the world was on the Gold Standard. From 1914-1944 the world had a mix of fixed asset currency countries and fiat countries. From 1944-1971 we had the Bretton Woods System. From 1971 until today we have had the Dollar Standard. We are starting to see some cracks in the current system.
Get "Guide to investing in Gold and Silver" by Mike Maloney and read it as fast as possible! Always do your own due diligence but buy whatever physical silver you can afford NOW! You also need a few months supply of canned foods and water. There is so much preperation needed. Times are getting very bad very quickly in my opinion.
Why would anyone want U.S. dollar or Bonds right now.There is NO financial solution, they're only hope is for the FED to print more dollars which is deflation in dollar value & in inflation of all items. What's backing the dollar? NOTHING! There is NO GOLD the FED has admitted. The only thing the U.S. has propping up the dollar is OIL that's why there on a crusade all over the middle east & Africa. This is why there going to invade IRAN at the cost of nuclear war.
Marc Faber : “I don’t hear about gold. I lived through the last gold bubble between 1978 and January 1980. The whole world, whether you were in the Middle East or in Asia or Europe or in America was trading London gold, buying and selling every day,” Marc Faber told Financial Sense Newshour on a Dec. 07 interview “This has not happened yet, and it hasn’t happened. Your friends, the deflationists, have been telling people that gold will collapse to $200 an ounce for the last 10 years and that it was in a bubble.
[They] said it [gold] was in a bubble at $500; they said it at $600, and they’re still maintaining it. So a lot of people they don’t own it; they bought it and sold it again. But in the meantime, gold has moved into sold hands.”
- in an FSN Interview
Gold has the largest one-day drop in three months so what's going on ? : "... so from this point forward it doesn't look like it's going to be a very merry Christmas. the bulls are starting to run for the doors and, you know, the bears might be leading this parade right now for the short term ..."says Anthony Neglia, Tower Trading president.
"The short term trend is bearish and could play a role into the end of the year," he explains
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