Tag Archives: Precious Metals

Marc Faber on Gold & Debt

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“We have had a meaningful correction in gold. From $1921 in September 2011 to less than $1200 at the bottom is a fairly large correction. But in longer-term bull markets, these kinds of corrections do occur. We had a 40-50% correction in 1987 in equity markets. But the bull market lasted until the year 2000.  Looking at the fundamentals, looking at how debt will continue to increase and how central banks will continue their monetization not only in the US but on a worldwide scale, I assume the price of gold will trend higher. Most likely we’ve seen the lows below $1200.  Eventually we will be over $1921. The question is, Will it be this year or in five years? That I don’t know.”

http://goldnews.bullionvault.com/marc-faber-gold-082820134

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PM Volatility Masks Impending Rise In Metals And Miners: Don’t Sell Out

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“During the 12-year PM bull market, gold has tracked the increase in the US debt ceiling. The break of the past 15 months closely resembles the 2008 correction in PM prices that occurred even as the debt ceiling got a massive lift, one that the current incumbency has increased. With the national debt nearly $7 trillion above the level of January 1, 2009, PM prices have resumed their secular rise, increasing 18% since the June 26 lows. It resembles the initial rise of PM prices early in 2009.  If gold continues to approximate the rise of this debt as it has for twelve years, by 2016, it will hit $3500/oz.”

http://seekingalpha.com/article/1665962-pm-volatility-masks-impending-rise-in-metals-and-miners-dont-sell-out

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How to Hide Your Gold and Silver

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“Taking physical delivery of your gold or silver is often the most rewarding part of the purchasing experience, as it gives you, the bullion investor, a fuller understanding of the real value of tangible monetary assets. Like many of our bullion customers, we typically choose to take physcial delivery first and then secondly store additional purchases of gold and silver at one of the many segregated gold vault and silver storage locations we offer.  Because we are such proponents of taking physical delivery first, we have compiled a few creative storage solutions based on voluntary, anonymous, customer feedback.”

http://goldsilver.com/news/how-to-hide-your-gold-and-silver/

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Total U.S. Public Debt Now Eclipses GDP

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“We previously warned of what can transpire when desperate governments are no longer able to shoulder unbearable debts. As one can see in the chart above, total public debt in the United States recently crossed the proverbial Rubicon and now equals 104.95% of GDP. As if this weren’t alarming enough, the Fed’s official figures – which were used to create the chart above – do not include the nation’s swelling, yet politically untouchable unfunded liabilities, namely Medicare and Social Security. When these figures are plugged in to the equation, the US’s public debt level skyrockets to astronomical heights.”

http://www.hardassetsalliance.com/investing-news/editorial/total-public-debt-now-eclipses-gdp

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Fast-Food Strike Means Time to Buy Gold

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“It’s clear from the stories I read that Burger Nation doesn’t realize the predicament it’s in, nor does it understand the law of unintended consequences. Push on a balloon in one spot, a bulge appears elsewhere … which is to say that the status quo with consumer prices today will not be the status quo tomorrow when wages are $15 an hour. Salaries will go up, but so too will consumer prices, and the spending power of $15 will feel exactly like the spending power of $7 to $10 – and workers will have essentially gone nowhere economically, though America could find herself hamstrung by a new financial crisis — runaway inflation.”

http://sovereign-investor.com/2013/08/29/fast-food-strike-means-time-to-buy-gold/

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Financial Times Sees “Endless Cycle Of Bubble, Financial Crisis And Currency Collapse”

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“It’s funny: nearly five years ago, when we first started, and said that the world is doomed to an endless cycle of bubble, financial crisis and currency collapse as long as the Fed is around, most people laughed: after all they had very serious reputations aligned with a broken and terminally disintegrating economic lie. With time some came to agree with our viewpoint, but most of the very serious people continued to laugh. Fast forward to last night when we read, in that very bastion of very serious opinions, the Financial Times, the following sentence: ‘The world is doomed to an endless cycle of bubble, financial crisis and currency collapse.'”

http://www.zerohedge.com/news/2013-08-28/financial-times-world-doomed-endless-cycle-bubble-financial-crisis-and-currency-coll

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Pay me in gold: Romania’s new term as it gets more of Rosia Montana

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“One completely new aspect of the agreement between Gabriel and the Romanian government is over payment of the royalty. Romania can opt to be paid in gold bullion, which could be a fair amount of gold in the end, with total delivery measured in tonnes not ounces. The six percent royalty is on gross revenue. Romania can take the equivalent value in gold. As a Gabriel spokesperson put it, ‘essentially they can request six percent of the value of our production.’ It could – emphasis on could – mean Romania hauls in some 15 tonnes of gold, life of mine. That, in turn, amounts to about 15 percent of Romania’s official gold reserves, which are just over 100 tonnes.”

http://www.mineweb.com/mineweb/content/en/mineweb-exploration?oid=202844&sn=Detail

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Jim Rogers: Prepare for market panic

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“Potential conflict in Syria and the scaling back of Fed stimulus point to a full-scale market ‘mess,’ says investor Jim Rogers, with the countries running trade deficits likely to be hardest hit.”

http://www.reuters.com/video/2013/08/28/prepare-for-market-panic-jim-rogers?videoId=260178527

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India gold price at all-time high

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“As we have discussed in previous articles, gold is synonymous with savings and security for many of India’s 1.24 billion people and recent events clearly show why. With capital leaving the country, investors fleeing the stock market and dumping Indian bonds, the only asset that has protected capital has been gold. In fact, holders of gold have prospered in an environment where there are few safe assets. The RBI has attempted to make gold ownership difficult and expensive for Indian buyers by restricting imports and increasing taxes, yet the chart below is evidence they have failed in their campaign.”

http://www.sprottgroup.com/thoughts/articles/chart-of-the-week-india-gold-price-at-all-time-high/

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Indians Who Bought Gold, Won. Those Who Didn’t, Lost.

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“The idiot Keynesians who ran the Bank of India destroyed the rupee. In India, fathers buy gold for their daughters’ dowries. They don’t buy rupees. India put a tax on gold imports in a vain attempt to save the rupee. It didn’t work. The government hates it when Indians buy gold. This shows a lack of faith in the government. That lack of faith is well deserved. The government said that Indians who bought gold were making a big mistake. But it turns out that Indians who trusted the government’s rupee made the big mistake. If you think it can’t happen here, you could wind up like all those Indians who have lost a quarter of their wealth in recent months. They believed their government. Silly them.”

http://teapartyeconomist.com/2013/08/29/indians-bought-gold-won-didnt-lost/

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