How Low Will Silver Go?
Jeff ClarkWe released our 2010 Silver Buying Guide last week and the silver price promptly cratered. So does this change our view of gold’s shiny cousin? Hardly.
Contents Pages by Subject
Precious Metals
Gold Is A Horrible Investment, Too, Says Prechter
• Businessinsider.com/Meanwhile, the most popular alternative to currencies, gold, isn’t such a good buy either, according to the veteran market watcher. “It’s losing upside momentum at the same time more people are getting more enamored with it,” he notes.
Gold dips as stocks plunge, econ worry hurts PGMs
• ReutersSpot gold fell more than 1 percent to two-week lows as investors sold to cover losses in other markets, especially as stocks dipped, while platinum group metals fell on worries euro zone debt crisis will sap industrial demand. Asian stocks were do
Gold & silver may reign, but;.... 3 truckers vanish with $500G in copper
• UPIThree truck drivers, showing what appeared to be the right paperwork, drove off with $500,000 worth of copper wire from a Georgia company, police said.
Ron Paul Discusses Contagion, Gold, Goldman And The Fed
• ZeroHedge.com"When the history of this time is written people will say - how in the world did they believe that a few people in a secret room can decide what interest rates should be, how much the money supply should be, who should fail, what worthless assets...
How the Germans Will Riot: They Run For The Gold
• EconomicPolicyJournal.comBasically, it’s a total joke as is everything else the politicians have done. No one and nothing is allowed to fail and this relates to the fact that the global monetary and financial system is a complete house of cards. It’s insanely bullish for gol
Gold Inventories Low, Panicking German Dealers Stage Run On Krugerrands
• ZeroHedge.comThe refinery, which usually sells 2,000 coins to each customer at a time, says that last week it received an order from one German bank for 30,000 coins. Another bank requested 15,000 coins.
Rick Santelli and Peter Schiff on CNBC: Gold to $10,000 an Ounce
• ZeroHedge.comSomething that is known to ZH readership since day one, is now finally said openly on the most watched [probably] business channel in the world. And just for the sake of it, lets thrown in Peter Schiff and his take on the real price of gold.
Gulf hotel installs gold-dispensing machine
• News LinkThe exterior of the machine is coated with a thin layer of gold and offers customers 320 items to choose from, ranging from gold bars that can weigh up to 10 grams, to customized gold coins.
Gold Fraud Bombshell: Canada's Only Bullion Bank Vault Is Almost Empty
• ZeroHedge.comIt appears that this kind of lack of physical holdings by all who claim to have gold in storage, is pervasive as the actual gold globally is held primarily in paper or electronic form. Lenny Organ, says "What shocked me was how little gold...
Andrew Maguire & Adrian Douglas: Discuss What Could Be the Largest Fraud in History
• kingworldnews.comAndrew Maguire & Adrian Douglas: Discuss What Could Be the Largest Fraud in History - Andrew is an independent metals trader turned whistleblower at the center of a storm for exposing what could be the largest fraud in history involving countries, ba
The Coming Precious Metals Short Squeeze
• dollarcollapse.com/The question becomes when, not if, holders of futures contracts will start demanding physical delivery. Most will discover that the metal isn’t there, which will, ahem, unsettle the commodity and currency markets.
OTC Gold Market Is "Paper Gold" Ponzi: Paper Gold to Gold - 100 to 1
• ZeroHedge.comThey are going to demand delivery of their metal. They will then discover that there is only one ounce for every one hundred ounces claimed. They will find out they are “unsecured creditors”.
It's Going To Implode: Buy Physical Gold - NOW
• ZeroHedge.comAny unbiased observer who knows how to put two and two together will be able to tell that something very fishy is going on. The urgency with which trillions in debt is being shoved down the market's throat at the worst possible time for the US Econom
Competition for the IMF’s Gold?
Jeff ClarkOn February 24, Reuters reported that the Reserve Bank of India was “set to be a buyer” of the 191.3 tonnes (6.74 million ounces) of gold the IMF is selling. Although the bank wouldn’t comment directly on the possibility, they did say, “We are closel
Billionaires John Paulson and George Soros are both buying Gold
• businessinsider.com/Two big name hedge funds have recently set their sights on the same investment. John Paulson's firm Paulson & Co and George Soros' hedge fund firm Soros Fund Management are set to purchase shares of NovaGold Resources...
Russia Accumulates Gold: BRIC Nations Sense Age of the Dollar is Toast
• Businessinsider.com/ & jessescrossroadscafe.blogAs you know, Russia, India, China and some of the BRIC-like countries will continue to push hard for a gold and silver content in the new formulation of the SDR this year. The US and UK are vehemently opposed.
Janet Tavakoli Is On It Again (Sovereign CDS)
• Market-ticker.denninger.net/What we have now are literal hundreds of trillions of dollars of fraudulent paper contracts to pay a sum that the writer does not have, written for speculative rather than hedging purposes. These contracts are destabilizing...
Janet Tavakoli says CDSs traders demand payment in GOLD
• huffingtonpost.com/These obligations now settle in euros, but the end game is to settle them in gold. This is so ripe for speculative manipulation that you might as well cover the U.S. map with a bull's-eye.
Place Your Bets: Who is buying gold, Putin or Obama?
• jessescrossroadscafe.blogspot.com/If one submits to a single world or regional currency for domestic use, they may as well take their constitutions and individual rights and throw them away. And globalization has been serving as a proxy for this, paving the way.
Fake Gold Bars: Tungsten Bar At Gold Foundry With Bank Origin
• ZeroHedge.comGerman TV station ProSieben finds what appears to be some evocative proof of gold counterfeiting, in the form of tungsten gold substitutes coming to the W.C.Heraeus foundry, which is the world's largest precious metals refiner and fabricator...
IMF Gold Sales v the Alchemy of Gold Futures
• Underground InvestorThe recently announced IMF sales of 191.3 tonnes of gold reserves, though it caused an immediate sharp knee-jerk reaction in gold futures markets, will have a negligible effect on the long-term price of gold. Here's why.
Gold ends at $1,096.20, up 24.8 percent in 2009
• ReutersGold prices sealed their biggest yearly gain in three decades with a small advance on Thursday, rising for an unprecedented ninth consecutive year as dollar-hedging traders and central banks joined the rally even as safe-haven buying subsided.
Scary of Gold Forecasts by Jim Rogers, Marc Faber?
• LewRockwell.comThe gold bears are out today as the aired 2010 predictions are being issued by talking heads. Some pro-gold stars like Mark Faber and Jim Rogers are being interviewed every day and are predicting a dollar rally.
Royal Canadian Mint reveals how it lost gold
• Ottawa CitizenMore than $3 million in government gold was unwittingly sold off at a fraction of its value as refinery slag, while $8 million more was miscounted and never left the Royal Canadian Mint, the Crown corporation revealed today in a full accounting
Ron Paul swoons "Gimme' Gimme' Three Steps to SOUND MONEY" before CONgress!!
• 24hGold.comCongressman Ron Paul: "Madame Speaker, I rise to introduce the Free Competition in Currency Act of 2009. Currency, or money, is what allows civilization to flourish. In the absence of money, barter is the name of the game"
Gold Sets New High, and Stocks Rise
• ReutersSpot gold rose 1% to $1,208.70 amid a broad rally in commodities on expectations of rising global demand, fueled by upbeat US home sales and analysts' forecasts that China's economy could grow by 10% or more this quarter. Gold was also supported by w
China 2009 Gold Demand, Output May Gain to Records (Update2)
• Bloomberg.comBullion, up 34 percent this year, is set for a ninth annual gain as central banks, pension funds and individual buyers seek to protect their assets from potential currency debasement and inflation. Gold may climb to $1,500 an ounce as the dollar fall
Zinc Dimes, Tungsten Gold & Lost Respect
• kitco.comIn October, the Hong Kong bankers discovered some gold bars shipped from the United States were actually tungsten with gold plating. This is the exact same Modus Operandi as the silver clad zinc dimes from 45 years ago.
US Govt. Manufactured Fake Gold
• godlikeproductions.comIt's one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how t
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