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Wednesday, March 17, 2010

Jim Turk Gold Will Soar on Euro Crisis

NEW YORK (TheStreet) -- James Turk, founder of GoldMoney, says eurozone sovereign debt issues will be one of the factors pushing gold to $1,800 by the end of the year.
Tue 03/16/10 15:21 PM EST -- Alix Steel
Stocks in this video: SGOL | GLD | SIVR | IAU | SLV

Silver Falcon Mining, Inc. (SFMI) Announces April 19, 2010 Mill Production Start-Up

Silver Falcon Mining, Inc. (OTCBB: SFMI) announces an April 19, 2010 start date of its 100% owned Diamond Creek Mill facility, located in Murphy, ID. Over the last 6-Months, the Company purchased/re-zoned property, acquired necessary permits, developed site improvements, drilled well/installed water system and built the mill building. Subsequently, both the internal and external mill circuit components, 100% owned and paid-in-full, have been in place for the forthcoming production of precious metals.

From this point-in-time, the Company will proceed with 4 weeks of verification of the equipment and mill commissioning. This will include final verifications, confirming that all the equipment components are mechanically sound, and that all electrical circuits function properly. This will be followed by powering-up the facility to check on the full functionality of the mill circuit.
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Bob Chapman all currencies will be devalued by two third

Bob Chapman : if you own bank CDs you are looking for trouble

Bob Chapman the united states will have a depression that will last for a minimum of five years and it will preceded by a hyperinflation deflation scenario , 500 banks could easily go under this do not own Bank CDs for two reason the first the government can go after them and the second the banks can go bankrupt , so what you do with your money , buy gold and silver assets , or if you have a large amount of money you can invest them in canadian or Swiss treasuries....

Bob Chapman : Get your cash out of the Banks and The Stock Market - we will have Bank Holiday and the Stock market will crash by the end of this year
Mr. Chapman also known as The International Forecaster is a 74 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.

Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.

Starting in 1967 Mr. Chapman began writing articles on business, finance, economics and politics having been printed and reprinted over the years in over 200 publications. He owned and wrote the Gary Allen Report, which had 30,000 subscribers. He currently is owner and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide, which reaches 10,000 investors and brokers monthly directly, and parts of his publication are picked up by 60 different websites weekly exposing his ideas to over 10 million investors a week.

In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman : do not expect the government to guarantee your bank account , it is bankrupt

Bob Chapman on the Gold Plated Tungsten Bars Scandal

Gold Counterfeiting: German TV discovers 500g Tungsten bar from bank

Bob Chapman returns on the Tungsten Gold plated bars scandal after a German TV have found a Tungsten bar sold as gold and professionally counterfeited , Bob Chapman advises against Gold bars if you are not able to check them out very carefully , he prefers coins to bars

German ProSieben TV Channel Finds 500 Gram Tungsten Bar At W.C.Heraeus Gold Foundry With Bank Origin

From my estimate, 500 grams (or about 17.63 ounces) of gold at spot should be about $20,000 (US) instead of just over $20 (US) that Tungsten would be worth. That’s quite a rip-off. Via Infowars

Tyler Durden
Zero Hedge
March 2, 2010

German 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 privately-owned precious metals refiner and fabricator, located in Hanau, Germany. The foundry has isolated at least one 500-gram tungsten bar due for melting, originating from a (so far) unnamed bank, which as the head of the foundry stated made the unpleasant discovery that “not all the glitters is gold.”

Full clip after the jump.

Gold Plated Tungsten Bars