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Monday, September 24, 2012

Obama is Good for Gold

Gold Super Spike Will Signal an Obama Win says Jon Najarian "We've noticed large investments in SPDR Gold Shares ETF (GLD) and iShares Silver Trust ETF (SLV) over the past two months. After losing its luster from the end of February 2012 through the May 23rd low of $148.84, it wasn't surprising for us to see institutional buying return to the precious metal. Then we had Fed Chairman Bernanke announce QE Infinity post Jackson Hole and his two-day Fed meeting last week, and gold was off to the races. The spike [GLD] from $167 per Bernanke announcement to $172 was nice, but a 3 percent rally isn't really going to get the gold bugs buzzing. However, we see massive buying of November 180, 185 and 200 calls, which portends a significantly greater rally, perhaps even a super spike for gold." he added

Wednesday, September 19, 2012

Jim Rogers: The Gold Price is going to go much Higher over the next decade

Jim Rogers :
I own precious metals because i expect more money printing… i own gold, i am not selling gold, whenever gold goes down i buy more, if it goes down a lot i hope i’m smart enough to buy a lot more because the price is going to go much higher over the next decade.
Politicians around the world are printing a lot of money that’s the wrong thing to do, but that’s what they’re doing and whenever they print money the way to protect yourself is own gold, silver, platinum, palladium, any precious item will protect you in time like that.
- in CNBC

Monday, September 17, 2012

Jim Rogers : Silver Better Investment Than Gold (SLV, SIL, SLW, GLD)

Jim Rogers prefers the white metal over Gold right now because Silver prices are about 40% below their highs, while gold prices are 10% or 15% below all-time highs. "But I'm not selling any gold. If it goes down I hope I'm smart enough to buy more. If it goes down a lot I hope I'm smart enough to buy a lot," Rogers said.

Sunday, September 9, 2012

Gold is Nature's Currency - It Cannot be Printed - Matt McLennan

Matt McLennan is First Eagle Global Fund Portfolio Manager. He is Head of Global Value Team. This is a brilliant video.
"Ultimately what moves the needle for Gold is the perception that the discipline around sovereign paper is declining. More importantly than the action of central banks is the question of SOLVENCY. What does paper money then? That's a bigger question. You get confronted with very difficult choices. Either fiscal adjustment which is deflationary, do you print money in unconventional ways...or do you try to tighten fiscal policy at the margin, that could be quite inflationary in the medium-term [Wow] We have about 10 per cent of our portfolio in gold bullion and gold equities. It is a long-term monetary reserve"
[How closely do you monitor the supply and demand of Gold?]
"Supply and demand are irrelevant. Gold is the one commodity that lasts forever. The real supply of Gold is the cumulative stock of Gold ever mined. One year's mining supply is less than 2 per cent of the true supply of gold. No other commodity is as stable because every other commodity is produced for use. So there is no value to monitoring the short-term supply for gold. Ultimately the supply is all the Gold that has ever been mined"
{Beautiful - that's it right there - You need to measure the total Gold stock across the whole world. Then compare that against the total stock of dollars being debased / reflated by the Federal Reserve and global central banks. That's the forecasting model for inflation and deflation against the one true value ruler of Gold now in the form of true currency.}

Wednesday, September 5, 2012

Marc Faber : 25% of my Assets are in Gold

Marc Faber : “I have roughly 25% of my assets in gold. I buy every month, and I will never, ever sell it as long as people such as Mitt Romney, Paul Ryan, Obama, Biden, Bernanke, and Marc Faber : “I have roughly 25% of my assets in goldGeithner are in government. I will never sell it. Never." - in businessinsider

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