[05:30 am] Venezuela's decision to retain 100% of its gold production could turn out to be a rather prudent investment decision and one other nations come to copy, says Julian Phillips, and it could have a cumulative impact on global supplies of the metal: Governments increasingly buying gold
[05:30 am] The re-monetization of the Silver currency of the United States of America: Dorothy's silver shoes
[04:15 pm] Gold $2000 - definitely something we can cope with:-)
New 2011 - 08 - 28:
[04:30 am] Video: Silver! Final Warning!
New 2011 - 08 - 27:
[02:15 pm] Gerald Celente on RT America - 22 August 2011
Gerald Celente gives his opinion on where your money may still be save and he says that gold is a "life preserver". That boy is indeed a real gold bug.
Mr. Guerra said one possible reason for the planned moves could be that Venezuela is afraid it could be compelled to pay billions of dollars in compensations to foreign companies that have gone to court to recover damages for companies Venezuelan President Hugo Chávez has nationalized. Another reason could be that China may have asked for collateral for billions of dollars it has loaned Venezuela, Mr. Guerra said.
Forget about the pipedream of the public buying gold stocks to send them vertical. The public is likely going to the breadline, and they’ve just finished selling their gold to the pawnshop man, for a bag of peanuts and a roll of toilet paper. Institutional money managers are going to pump your gold stocks upside in a way that seems “beyond impossible” now.
The good thing about being a hedge-fund manager is that he can make sure that the gold is really stored in the vaults of the ETF offerer. A small investor doesn't have this possibility. Therefore we always recommend to stay out of all ETFs. It's only paper gold and you never know whether they are able to deliver it to you 'in case of emergency'.
The only thing that matters is whether we are making money or not. Either your investment is profitable or it isn't. And hell, our 'stuff ' is profitable to a very high degree.
Gold has had a very long tradition in India, especially in the form of jewelry, as a wedding gift etc.. It's has been a part of the Indian culture for a very long time and it seems that the people in those regions buy precious metals instinctively. When will the majority of people in the western world wake up and start doing the right things?
Some 100,000 workers at AngloGold Ashanti , Gold Fields , Harmony Gold and another smaller mining group were due to go on strike after shifts end at 1800 local time (1600 GMT).
The mine workers will be on strike for 48 hours. This is certainly not good news, but it doesn't change the fact, that companies like Harmony Gold and Gold Fields are still massively undervalued at current gold prices.
Gold is not in reality in a bull market, but currencies in a bear market, as gold's monetary attributes reassert themselves in the global monetary system.
Silver notes are seen as a great gift option and have become hugely popular with India’s younger generation. This innovation confirms Indians’ openness to new products aside from traditional coins and bars.
Step by step, the world is edging towards a revived Gold Standard as it becomes clearer that Japan and the West have reached debt saturation. World Bank chief Robert Zoellick said it was time to "consider employing gold as an international reference point." The Swiss parliament is to hold hearings on a parallel "Gold Franc". Utah has recognised gold as legal tender for tax payments.
There's no other solution that would make more sense.
New 2011 - 07 - 13:
[02:00 pm]Ron Paul : Why do central banks hold Gold? Bernanke : Tradition
This happened earlier today. Ron Paul digs a little deeper on gold than Heli Ben seems to have expected. Ben is a lousy liar, if you ask us, since he certainly knows that gold actually is money. In fact it is the only real money in the world (besides silver), and the most honest on top of that.
Those who have the gold, will make the rules. So it might be the time to get used to Russians telling you what to do and what not do - in some years at the latest. Because this is where an enormous share of the wealth is going right now.
The community of precious metals investors is growing on a daily basis, literally all over the world. It won't take too long until the prices will really start to reflect this increasing investment demand.
RENO, NV - The U.S. Mint finally released the 2011 American Eagle Silver proof coins Thursday, limiting sales to 100 coins per customers. In March the mint stopped U.S. Silver Eagle coins sales, citing a lack of supply which was partially attributed to the massive run on the coins by the American public.
The sales limitation to 100 ounces per customer will definitely not strengthen the market position of the American Silver Eagle. There are too many other options for silver investors, like the Canadian Maple leaf or the Austrian philharmonic coin (especially in Europe), which both have a much better availability. That is why these two products are gaining constantly more market shares in Europe and in the US.
New 2011 - 06 - 30:
[08:30 am] Bruno Bandulet interview with James Turk
Gold and silver will definitely be treated as currencies again. As soon as the bond markets blow up and the dollar collapses, a new paradigm will be implemented. A paradigm based on gold and silver, eventually being money again. For the precious metals bugs, both gold and silver are already the only real currencies. We just got to get it in the heads of the rest of our breed.
[10:00 am] Video: The Perth Mint
New 2011 - 06 - 28:
[02:30 pm] Ronald Peter Stöferle Interview with James Turk
[03:15 am] According to a report by Chinese news agency Xinhua, China has been sharply increasing its output of gold and silver coins to meet seemingly ever-increasing popular demand for precious metals as people buy to protect against perceived rising inflation: China: huge increase in gold and silver coin minting to meet demand
The Middle Eastern market, which has seen sustained interest in large denomination bullion bars from high-net-worth individuals, has a new ally. Heavy buying from expatriates from the Asian subcontinent, notably India, has spurred sales of the precious metal.
Sales of gold coins are on track for the best month in a year amid the worst commodities rout since 2008, a sign that bullion’s longest bull market in nine decades has further to run, if history is a guide.
Precious metals consultants, CPM Group, predict Chinese silver fabrication demand will rise 15.6% to 177.2 million ounces this year, well exceeding the forecast 104.6 million of domestic silver mining production.
I’ll make two predictions with utter confidence. The first is that one day Federal Reserve Chairman Ben Bernanke will be ridden out of town on a rail, joining Arthur Burns in that special circle of hell reserved for monetary debauchers. The second is that in the aftermath of our pending inflationary disaster we will see the gold standard return.
I’ll make two predictions with utter confidence. The first is that one day Federal Reserve Faced with the alternative of ceding monetary supremacy to the Chinese the gold standard will be the only politically palatable option. In addition, all those gold cranks the liberal media spent decades portraying as fools are going to look pretty smart when gold hits $2,000 an ounce. With enough think tanks in Washington rehabilitating gold as a respectable monetary anchor and ratings agencies threatening to reduce T-bills to junk bond status, hard money will have its day in court.
And it will win because the gold standard makes but one promise, and that is to stabilize the value of money. At that task it has never failed, unlike every fiat currency in history. Gold makes no false promises to cure unemployment, direct credit to the unworthy, juice a slack economy, boost exports, deliver stealth tax hikes, erode unfunded liabilities, or all the other things that fiat currency advocates promise.
The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board.
More and more money is pouring into Gold & Silver.
Here's a paragraph from silver analyst Ted Butler's weekly review that he sent out to subscribers on Saturday..." I know we are over-bought in silver and in a normal market the price should correct sharply. But this is as far from anormal market as you can get. This is a manipulated market where the manipulation is in the process of ending and in which the manipulators appear to be in trouble. That means the charts and previous price patterns may not matter. It is very easy to imagine some important shorts throwing in the towel in their weakened financial state. In fact, it may be what we are witnessing now."
There is a current trend in the USA and other countries that is slowly beginning to replace fiat money. Just have look at Utah's plan to legalize Silver & Gold as legal tender: Sneak attack on US Dollar
MUMBAI -
Precious metals are on a roll in India. Gudi Padwa or Ugadi is the beginning of the new year for the people of Maharashtra, Andhra Pradesh and parts of Karnataka. On Monday, April 4, many Indians celebrating the festival, thronged to jewellery outlets and bought silver coins as token icons.
``It is one of the most auspicious days in the year when people start new investments. And for an Indian consumer, a gold coin is mandatory and a traditional offering. But the high price has daunted many. Silver was the most preferred alternative,'' said Manish Kedia of bullion retail outlet in Mumbai, Dhanabhai Jewellers.
Don't be surprised when suddenly many new Indians appear on the Forbes Richest list in a couple of years. They are relentlessly buying precious metals. They will be the ones to travel the world with the tons of gold and silver they accumulated so far. Indians will get their shoes polished by those Americans and Europeans who were too shortsighted today and in the past, Europeans and Americans who put too much trust in Uncle Sam and other authorities.
The SPDR Gold Trust has seen its holdings decline from 1,280 tonnes to 1,211 tonnes over the March quarter as investors seen shifting to other commodities, bonds and physical metal.
As we have already pointed out a couple of times, ETFs are the gold cartels trojan horses. You never know if they really keep as much bullion in their vaults as they pretend to do.
Don't invest money in ETFs since they are only backed by empty paper promises. The only bullion that is really yours is the one you have direct access to at any given time. So yes, investing in gold and silver ALWAYS means getting physical.
"There is neither production nor exports, because there's a blockade as part of the strike. Nothing is entering or leaving the mine," union leader Cesar Lugo told Reuters by telephone.
The union demands for improved working conditions and they want a couple of company officials to be fired.
Times are good for silver juniors. Thomson estimates there could be another 60 silver companies trading on North American bourses by the end of 2011 and says that's due to cash-rich U.S. funds seeking northern exposure.
Investing in gold and silver producing companies is a pretty tricky thing to do, due dilligence is absolutely essential before putting money in companies which are operating in this sector. But you have to be even more careful when it comes to investing in gold/silver juniors. Statistically, only 3-5 out of a 100 companies will finally accomplish the status of a real producer. The other 95 companies won't ever produce a single ounce of anything, which means that you are set to lose 90-100% of your initial investment.
Being aware of the many traps, we prefer to leave the gambling to the beginners and the pros. We bank on those companies with constant cash flows, companies which are producing today, companies which will be producing tomorrow and companies which will be producing in ten years. Size matters in this case. Our favorite companies in the gold/silver domain are: Harmony Gold, Gold Fields, Great Basin, Silver Wheaton, Silver Standard...
RENO, NV - Target, the third largest U.S. retail chain and the 10th ranked domestic jewelry retailer, has become the 73rd signer of EARTHWORKS' No Dirty Gold campaign pledge to seek cleaner sources of gold and other precious metals for jewelry.
The Washington, D.C.-based NGO EARTHWORKS said Target now joins luxury brands, such as Tiffany and Cartier, to retail chains like Sears/Kmart, Walmart, QVC and JC Penney, who have agreed to buy precious metals only from mining companies, which abide by "The Golden Rules."
They are trying to act as a role model, which is reasonable and understandable. However, times will come when they have to take those pieces of gold which are available, without caring where this gold is from. Otherwise they will have to remove gold jewelry from their product range.
If yes, the usage of renewable energies will be intensified even faster. This means that the application of solar energy would increase faster than initially thought - perhaps already in the next months. The Silver Institute - Solar Energy
"The VM Group forecasts the compound annual growth rate of silver, for use in solar power, to rise by 17.5 percent annually over the next decade. This will require about 70 million ounces of silver per year by 2020.
The group’s numbers are conservative compared to those of the International Energy Agency, which predicts a need for 85 million ounces of silver a year between 2010 and 2050 for photovoltaics alone." - Miners Challenged to Meet Growing Demand for Industrial Silver ...
These numbers would have to be revised very likely.
If nuclear energy comes to an end much faster than expected, energy will become more expensive. Inflation would pose a threat even earlier because the production of all goods we are using requires large amounts of energy. This leads to rising prices in all essential goods. The investment demand for Silver would skyrocket. The consequence will be a physical shortage and a price which is sent to the moon.
Both factors (inflation and solar energy) already have an impact on the price of Silver and will continue to influence it in the future. This short essay points out how the incident in Japan can affect the Silver bull market - it might result in an acceleration of the current bull market.
The doors to make an investment in Silver - which is the chance of a lifetime - are closing...maybe even faster than we have actually thought.
Several legislative initiatives caught our attention recently. All of them are related to the monetary role of gold and range from proposals to return to the gold standard, to minting gold and silver as an alternative currency, to having all state transactions carried out in gold and silver coins, to permitting citizens to run their own mints.
Hope all of our readers got some American silver eagles in their safes. What we see now is a pretaste of what's gonna happen when really everybody out on the street wants to get into that whole silver thing. And this is the reason why you have to pay the biggest premium on american silver eagles, cause when the going gets rough, none will be available anymore, simply because it's the most common silver investment coin on the planet.
“Demand right now for silver is through the roof and it shows no signs of slowing at this point. Sourcing silver is becoming very difficult. We are competing with a great many players when it comes to purchasing silver and many of these players are bidding the price higher.”
There are about 50 such machines around the world, including one each at the entrance of Burj Khalifa and the At The Top viewing platform on the 124th floor. Another gold-to-go is installed at the Emirates Palace Hotel in Abu Dhabi.
They did the only senseful thing you could do in this situation, which is getting rid of all the shorts that were used as hedge against falling prices. They noticed that gold won't fall in the next years. It's doomed to rise to the moon.
The confiscation strategy won't be used on individuals per se, but rather on gold holdings. This will include the banks, miners, etf's, etc. This gives them a gateway to liquify temporarily until after the reset. After the reset the bullion banks get their gold back (they held it all along), the miners don't hold gold so it's essentially a nationalization of what's in the ground and they'll be paid handsomely for it and the ETF's will be busted anyway so it's an exit ramp for them (due to short positions and backwardation of the Comex).
As far as consumers, gold dealers, etc. it will just be so highly regulated that it will be tough to buy and sell precious metals because they'll be lumped in with the war on terror as the currency of terrorists. Regulation and taxes will impede the liquidity (on the consumer level) and provide for closer tracking of holdings by the government. You'll have a chance to cash in at a higher redemption rate prior to the reset which a lot of people will do. Those that don't will find it more difficult to sell their gold here in the States.
Don't let confiscation scare tactics stop you from using your intellect. We maintain confiscation is a "threat" not worth your worry.
Editor: There is a plan to use the IMF (AKA US Treasury and Wall Street) to be the front man for the new world order and one currency. We also got disturbing news yesterday from an impeccable source that when gold touches $2,000 it’s confiscated in the USA for about $200. Then it’s to be reissued by the Treasury for $10,000 per ounce to back the new IMF world currency using SDRS in 2011. Large physical gold is being moved to Canada.
Backwardation is a condition where cash or nearby delivery prices are higher than the price for delivery dates further in the future. Usually, forward prices are higher than cash prices to reflect the costs of storage and insurance for stocks deliverable at a later date.
KWN also reached out to one of the largest dealers in Australia where Peter August of ABC Melbourne stated, “Pamp was just approached by an unnamed Swiss bank and solicited for their entire one kilo silver production ongoing. They said, “Because of the high demand, we’ll take everything you’ve got in one kilo silver bars ongoing.” Peter August went on to say, “We already have a month’s wait for the silver we are buying and it’s getting much harder to find.”
[11:30 am] WHAT WOULD the world look like if, as a handful of economists, investors and politicians hope, gold really was money again? Pricing the World in Gold: 4 Charts
Remember that silver rose over 3,464% from trough to peak in the last precious metals bull market; it’s up about 630% in our current run. A return matching the 1970s advance would push the price to $152. This price level is further supported by the fact that this is about where it would be when inflation-adjusted for its 1980 peak.
When you look at the potential growth in market cap of the world’s biggest silver investments, it becomes easy to view any downdraft in price as nothing but a buying opportunity. I know I do.
The current bull market in precious metals will outshine the last one.
[04:30 pm] Nice article, which isn't less relevant today than back in 1981. It's actually enough to have a look at the charts: The Classical Gold Standard
Turkey imported 11.12 metric tons of gold in January, the most since July and more than a quarter of the total last year, the Istanbul Gold Exchange said in a statement Thursday.
[03:15 am] With both India and China expected to achieve nearly double-digit growth rates, many millions more people are soon to join the growing class of Silver stackers: Chinese Silver Buying Just Beginning
The volume of Chinese citizens' purchasing of gold running up to the start of the Chinese New Year has completely stunned traders leading to big price premiums in Shanghai.
The global demand for Gold and Silver is constantly increasing. The consequence will be higher prices for both metals.
New 2011 - 02 - 02:
[03:00 pm] SILVER EAGLE SHORTAGE? Mike Maloney & David Morgan In Las Vegas
Owning the physical metals, PM miners, royalty companies and/or silver futures/future options should prove to be very lucrative when looking back on the current time period.
Owning physical Silver is the most important point. If you have much money, you can also invest in PM miners. Trading the PM market is only reasonable if you have trading knowledge and experience.
[02:00 am] The battle to increase the US Debt limit will increase financial tensions in the US and impact markets around the world: The Coming Flight to Gold
Today King World News interviewed one of the top gold and silver dealers in the United States about tightness in the silver market. Bill Haynes is President and owner of CMI Gold & Silver for and when asked about a shortage in silver he stated, “All of the major suppliers of 100 ounce silver bars are either weeks or months out, some will not even take orders. I had some conversations with a number of people who buy from them, had to dig through the information and some of them revealed that they thought the refineries were having trouble and the manufacturers were having trouble getting the physical product which falls right into the silver shortage.”
A real shortage of physical Silver will dissolve the manipulation, as well.
But we don't think that this is a surprise. ATMs will be replaced by gold vending machines. Nobody is going to want cash anymore. Instead, everbody is going to become a gold digger.
David Morgan, independent precious-metals analyst with Silver-Investor.com, said for a long time derivative silver markets have driven the price mechanism for the gray metal, but the separation between the coins and the ETF activity might be a sign that the physical market could start to drive prices.
Our dear friend David Morgan is absolutely right. As soon as the COMEX is unable to deliver the demanded quantities of metal (which would represent en effective default of this institution), the silver market will go to levels we've never ever seen before. Got silver?
There have been rumours that certain hedge funds and sovereign wealth funds are willing to take possession of all gold and silver. In gold it is the February month and in silver it is March. If this is true, the game is over as there will be a default at the comex
which will bring on defaults at the SLV and GLD, and then a default at the Bank of England, and then all the banking system in the USA. I will be watching this closely.
So as we can see, there are enough buyers for gold and silver - and they try to get everything they can.
And now you know why so many new russian millionaires and billionaires pop up each year. Just like the state, many affluent, influential and intelligent Russians add gold to their personal assets.
So don't be surprised the next time you meet a bunch of russians in a restaurant, who offer you $1000 for your table.
In an interview with Fox Business, the man who refuses to go away into that good night: "We have at this particular stage a fiat money which is essentially money printed by a government and it's usually a central bank which is authorized to do so. Some mechanism has got to be in place that restricts the amount of money which is produced, either a gold standard or a currency board, because unless you do that all of history suggest that inflation will take hold with very deleterious effects on economic activity... There are numbers of us, myself included, who strongly believe that we did very well in the 1870 to 1914 period with an international gold standard." And a further stunner: Greenspan himself wonders if we really need a central bank.
He's stabbing right in the back of his successor. But contrary to Bernanke, Greenspan understands the matter and knows that money printing can't go on like right now.
Metals expert David Morgan says many investors do not realize there is a tremendous industrial demand for silver, and shares favorite silver companies.
It appears that gold's isn't really a currency... until it is. The Economic Times reports that India is attempting to ensure steady crude oil supplies from Iran. In doing so it is doing everything it can to pay Iran in a way that avoid loopholes associated with recent US sanctions. And the stunner: "India could settle crude oil import transaction using gold in the short term, while efforts to resolve the deadlock continue."
There is nothing worse for the system then oil being paid in gold. But it's the US' and Europes' own fault, cause they were the ones to squeeze the Iran out of the international banking system.
You have to keep in mind that only about 5 out of 100 explorers will finally enter the stage of production, which means that 95 companies will be pretty much worthless in the end. Therefore juniors only offer an opportunity for those who have a team with experts who are able to make a difference between trash and companies with good prospects.
We always recommend to buy the physical metal first, both gold and silver. If some money is left over, you can put in companies that are already producing metal and constantly generating cash, like Harmony Gold, Great Basin, Silver Wheaton, etc...
So called "experts" always tell us to diversify our portfolio....and we are diversified, but not in their understanding of the word "diversification". We are fully diversified in gold and silver, physical metals and stocks. So you could also replace the word "diversified" by the word "concentrated". We fully concentrate our money in the precious metals sector.Why? Simply because it's the best asset class right now, and taking all data into consideration, it will remain the best performing asset class for at least the next three years to come.
If Carlos Slim really intends to buy a big mining company to get some exposure on the silver price, we'll immediately be able to see a reaction in the actual underlying as well, which is - of course - silver. Just watch the price and you'll see whether he entered the silver market or not.
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