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Friday, July 27, 2012

Gold Bubble is nonsense - Marc Faber

“Talk of a gold bubble is nonsense,”
“There is no sign of the price surge you saw with the Nasdaq bubble or oil stocks in the late 70s, or the jump in the gold price from $380 an ounce to $800 between November 1979 and February 1980.” Marc Faber said Wednesday during the Agora Financial conference in Vancouver

Tuesday, July 24, 2012

Jim Rogers not selling his GOLD

Jim Rogers: Gold went up 11 years in a row, which is very unusual. I’ve never known any asset to go up 11 years in a row without a correction. It’s having a correction now. I would suspect that the correction will continue for a while. I’m not any good at market timing, but I’m not buying any gold at the moment. But if it goes down, I hope I’m smart enough to buy more—a lot more. I’m not selling my gold. - in hardassetsinvestor

Peter Schiff : We need a GOLD Based Monetary System

GIN: So you believe that paper currencies issued by various governments as they exist will continue, but they will be backed by gold?
Peter SchiffThey won’t continue as they exist because right now they have no value. They are backed by nothing.
Most paper money initially existed as a substitute for gold. That’s what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what’s backing up the dollar?
I don’t think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper. - in goldinvestingnews

Saturday, July 21, 2012

Peter Schiff: Gold going to $5,000/oz minimum , may be Higher

Ludwig: What are we talking about here: $3,000, $4,000?
Peter Schiff: Oh, at least. I think a minimum of $5,000. But it could go a lot higher than that. A lot of it depends on future actions of central banks. We’re on a trajectory right now to send gold a lot higher, but central banks could do the right thing, and that would limit gold’s gains. But the more they keep printing money and the more they keep interest rates low to artificially prop up the economy, the higher gold is going to go. - in indexuniverse interview 16 July 2012

Thursday, July 19, 2012

Jim Rogers Not Buying Gold but Not Selling Either

Jim Rogers: Gold went up 11 years in a row, which is very unusual. I've never known any asset to go up 11 years in a row without a correction. It's having a correction now. I would suspect that the correction will continue for a while. I'm not any good at market timing, but I'm not Buying Gold at the moment. But if it goes down, I hope I'm smart enough to buy more—a lot more. I'm not selling my gold. - in Gold News

Tuesday, July 17, 2012

Gold Recovers From Initial Dip on Bernanke

Gold Recovers From Initial Dip on Bernanke

metals prices are closing and gold was the focus with the collar during bernanke's testimony. sharon is tracking it. gold prices unchanged the last several sessions when it comes to the close and once again, we're seeing gold prices finishing up the day at 1590. there was no hint about qe-3. as many traders and analysts started listening to what he was saying during the q & a period and interpreting what could happen down the road as the chief economist pointed out, we see a 50-50 chance of some type of easing down the road if the economic data continues to deteriorate. the fact remains, gold prices have been stuck in this $100 range the past two months and there have been no real catalysts to get gold out of this range. as one trader told me, seems like the fed is a red herring, even if the fed or central banks do some monetary easing, it will take economic conditions improving to get a catalyst in the market. money still coming in. looking at precious metals seeing inflows in the second quarter, upwards of $700 million

Monday, July 16, 2012

Marc Faber : Buy Gold Right Away

“If you don’t own any gold, I would start buying some right away, keeping in mind that it could go down,” says Marc Faber “The possibility of the gold price going down doesn’t disturb me,” says Faber. “Every bull market has corrections,” “No, gold is not in a bubble. It wasn’t in a bubble in 1973, either, but it still corrected by 40% then,” “I don’t believe gold is anywhere near a bubble phase,”

Friday, July 13, 2012

Peter Schiff : Gold Miners are a Huge Opportunity

Peter Schiff : Miners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it’s a huge opportunity for miners. I think there are a lot of people out there that are speculating in the stock market. They have all kinds of tech stocks or social media stocks. If you want to gamble in the stock market, I would much rather gamble on a mining stock than a social media stock. - in Goldinvestingnews

Wednesday, July 11, 2012

Peter Schiff : Gold going up in 2012 and Going Higher in 2013

 Goldinvestingnews : Where do you think gold prices will go this year?

Peter Schiff : I think they are going to go higher. Whenever it breaks out, it’s overdue, whether it’s this year or next year. Look at what has happened recently in agriculture prices. Look at soybeans, they have just taken off. There’s normally a pretty good correlation between soybeans and precious metals. And it’s not just soybeans, also wheat and corn. So I think it is going up and will go higher in 2013. - in Goldinvestingnews

Tuesday, July 10, 2012

Silver Prices Set to Explode to the Upside

The Silver Prices Set to Explode to the Upside says Jeb Handwerger , mainly due to disruption in production sites in Bolivia Peru Mexico and Argentina , shortage of supplies , silver to be viewed more as a safe heaven as the US Dollar is nearing its top with the bad news coming from the job market in the US and the probability of the FED having to implement a QE3 , all is highly bullish for precious metals and especially silver , the last time the FED did QE2 silver prices soared from $18 to almost $50 an ounce

Friday, July 6, 2012

Jim Rogers: The Huge Gold Sell-Off Might Only Be Halfway Done

Jim Rogers : "I've actually owned gold for longer than 11 years. I'm not buying now. Gold went up 11 years in a row, which is extremely unusual for any asset. I don't know of any asset in history that's gone up 11 years in a row without a correction.
"Corrections are normal and are the way things should work, the way things do work. Having said that, I don't know when the correction will stop. It's normal in my experience for corrections to go down 30 or 40 percent. It's just the way markets work."
I'm certainly not selling my gold, because I suspect gold will be much, much, much higher over the next decade. - in OilPrice.com

Tuesday, July 3, 2012

Jim Rogers : I own Gold, I am not selling Gold. If Gold goes down, I will buy more

Jim Rogers : “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.” Jim Rogers is bullish gold will eventually go well over $2,000 an ounce but said corrections of between 30% and 40% are normal. Rogers owns all the metals but said if he had to buy one today, it would be silver.

Monday, July 2, 2012

Marc Faber : Gold Bullion Has Bottomed

Marc Faber : "I'm not sure that gold will not make a new high this year,"
"but I think we've bottomed out. "Some Gold Mining shares have become very very inexpensive compared to the reserves they have." Faber told Bloomberg in an interview recently

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