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Monday, August 8, 2011

Gold is the only Money - $1723/oz and rising

Gold is up 40.9% from this date last year.investors and central banks all around the world are becoming aware of the evidence that Gold and Gold is MONEY , Gold is not an investment it is MONEY the one and only money , Gold so far is way way undervalued when everybody realizes that the king has no clothes that the fiat money is just paper with ink , trillions of dollars will be rushing into Gold and Silver , the prices of gold and Silver will explode in a way that nobody can imagine we might see Gold at $80K an ounce if not more , this is not a bubble , it is just the world is starting to wake up from decades long delusion that paper is money ....you are still in time to go change your pile of worthless cash for some gold coins you will be glad you did in a year from now ....


Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman - The Financial Survival - 08 Aug 2011

Bob Chapman : one of the reasons they are doing this besides getting the correction out of the way before the election ,they want a justification to have a QE3 , the gold and silver shares are way way under priced , I will be buying gold coins bullion and shares even when gold will be at $3000 an ounce

Gold today should be over $9,000 an Ounce : Bert Dohmen

Bert Dohmen of the Wellington Letter , president and founder of Dohmen Capital Research Institute discusses with Jim Puplava of the Financial sense newshour , according to Bert Dohmen Gold today should be worth 9000 dollars an ounce the way they valued it at Bretton Woods "investors have now found out in the last two years with all this fantastic stimulus that has been put into the system everywhere in China in the US in Europe it was all for nothing , all we got was a two year cyclical bull market , we are in a bear market right now that actually started in 2007 , this is the worse situation ""Gold is the only money " " we are going to have a pull back in gold because they are going to raise margin requirement as they did with Silver "



Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman - The Free American Hour - 08 Aug 2011

Bob Chapman : Mexico is going to do very well , they have bought 100 tons of Gold recently the economy is booming the inflation is low and there are plenty of jobs matter of facts many Mexican skilled workers started leaving the United States to go get a job in Mexico and there are plenty of jobs in the car manufacturing industry ...

Gold surges above $1,700 on US downgrade woes

Gold prices surged 66 dollars overnight to an all time high of $1718.20 an ounce The interest for gold was fueled by by S & P's decision to downgrade the rating of the United States, making the outlook for the largest economy in the world more gloomy ,but also the concerns about the debt problems in the Eurozone and its contagion effects . Goldman Sachs also raised its 12 months price target on gold to $1860 and looking at the growth in gold and the rally to continue through 2012
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)
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