Keyword: gold

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  • Hoarding Continues: China Imported More Gold In 6 Months Than Portugal's Entire Reserve

    08/17/2012 7:20:26 PM PDT · by Olog-hai · 9 replies
    Zero Hedge ^ | 08/15/2012 15:20 -0400 | Tyler Durden
    While the highly "sophisticated" traders that make up the gold market continue to buy or sell the precious metal based on whether the Fed will or will not do the NEW QE tomorrow …, China continues to do one thing. Buy. … … Beijing continues to buy non-US gold, in the form of 68 tons in imports from Hong Kong in the month of June. The year to date total (6 months)? 383 tons. … Realistically, by now China, which hasn't provided an honest gold reserve holdings update to the IMF in years, most certainly has more gold than the...
  • Central banks double last year's gold buys

    08/17/2012 3:52:51 PM PDT · by DeaconBenjamin · 1 replies ^ | August 17, 2012 | Michael Allan McCrae
    Central banks demand for gold in the second quarter reached 157.2 tonnes, a record high and more than double last year's Q2, according to the World Gold Council, which released its gold survey on Thursday. Stand-outs—countries that had a yen for yellow metal—were the National Bank of Kazakhstan, and the central banks of the Philippines, Russia and Ukraine. Marcus Grubb, managing director at the World Gold Council, noted that gold demand for the year was down due to softness in China and India. "However, through all the uncertainty, it is clear that gold’s fundamental properties as a vehicle for capital...
  • ARE Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG

    08/17/2012 5:31:01 PM PDT · by SatinDoll · 51 replies
    SHTF Plan ^ | August 17, 2012 | Michael Snyder
    ("Actual Title: Startling Evidence that Central Banks and Wall Street Insiders Are Rapidly Preparing for Something BIG." This was too long, so modified the title for FR.) If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing. Those that are “connected” have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen. Right now, Wall Street...
  • Soros Unloads All Investments in Major Financial Stocks; Invests $130 Million In Gold

    08/17/2012 4:24:39 PM PDT · by blam · 87 replies
    TMO ^ | 8-16-2012 | Mac Slavo
    Report: Soros Unloads All Investments in Major Financial Stocks; Invests Over $130 Million In Gold Mac Slavo August 16th, 2012 In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012. Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP...
  • Italian border police seize record amounts of gold, cash

    08/14/2012 3:54:39 PM PDT · by dynachrome · 6 replies
    Business Recorder (Pakistan) ^ | 8-11-12 | Parvez Jabri
    ROME: Italian police Saturday announced a 78 percent jump in the amount of gold, silver and cash they have prevented from leaving the country illegally in the first seven months of 2012. The "Yellow Flame" financial police seized 41 million euros' ($50 million) worth compared with 23.2 million euros in the same period last year, they said in a statement. In addition to large quantities of cash and treasury bills, they seized 88 kilogrammes of gold and 570 kilos of silver, the statement said. Dogs trained to detect the scent of money played their part. A Labrador named Tango nabbed...
  • Rothbard's Gold Price: $2,600/Oz

    08/11/2012 3:48:58 AM PDT · by TigerLikesRooster · 24 replies
    Seeking Alpha ^ | 08/10/12 | Krassen Ratchev
    Rothbard's Gold Price: $2,600/Oz. In the final pages of his 1994 book, The Case Against the Fed, Murray N. Rothbard presents an interesting example about what might happen to the price of gold should the United States revert back to a 100% gold-backed currency. Rothbard states that at the time of writing the book the market price of gold was varying between $350 and $380 per ounce while the Federal Reserve valued their gold stock (260 million ounces) at only $42.22/oz. As at April 6th, 1994, the Federal Reserve had approximately $404 billion in liabilities (mainly in the form of...
  • Jim Willie: Exposure of Allocated Gold Account Raids Will DEVASTATE the Major Banks

    08/10/2012 9:58:00 AM PDT · by Renfield · 12 replies
    Silver Doctors ^ | 7-28-2012 | Jim Willie
    -The recent rally in the USTBond 10-yield under 1.5% is a big danger signal -Last week the jump came to the money laundering by a major global bank, next could be exposure of the artificial flight to USTBond safety, enabled by Interest Rate Swaps -Another jump could be exposure of the big bank insolvency, covered up by accounting fraud -A wild card jump could be exposure of the big banks diversifying away from the USTBond, dumping it, as they reveal their own collusion in lifting its value via derivative leverage -A devastating jump will be the exposure of Allocated Gold...
  • South Korea buys gold; central bank purchases set to rise

    08/05/2012 5:00:03 PM PDT · by DeaconBenjamin · 2 replies
    Reuters ^ | Thu Aug 2, 2012 5:55am EDT | By Christine Kim and Rujun Shen
    South Korea boosted its gold holdings by nearly a third in July, buying 16 tonnes to diversify its massive foreign exchange reserves. South Korea's central bank said it now holds 70.4 tonnes of gold, after paying $810 million last month for the purchase. The increase supported expectations that central banks will remain gold's key buyer as increased volatility in global markets and waning confidence in the U.S. dollar fuel a global drive to divest from the U.S. currency and government debt securities. The Bank of Korea paid about $1,582 per ounce on average, slightly lower than the average spot gold...
  • What's in your vault? Uncle Sam audits its stash of gold at the New York Fed

    08/04/2012 7:49:43 AM PDT · by Brown Deer · 21 replies
    Los Angeles Times ^ | August 02, 2012 | Andrew Tangel
    The federal government has quietly been completing an audit of U.S. gold stored at the New York Fed. The effort included drilling small holes in the bars to test their purity. The Treasury Department has refused to disclose what the audit has revealed so far, saying the results will be announced by year's end. But as one former top Fed official said recently, the testing may finally prove that "Goldfinger didn't sneak in at night" and take the gold. "The calls for audits are saying, 'We don't trust the government for the last 200 years,'" said Ted Truman, a former...
  • Gold Priced For Collapse

    08/02/2012 3:20:07 PM PDT · by blam · 37 replies
    TMO ^ | 8-2-2012 | Peter Schiff
    Gold Priced For Collapse Commodities / Gold and Silver 2012 Aug 02, 2012 - 02:32 PM By: Peter Schiff Where is the gold price today? If you're like many Americans, you have no idea whether it went up, down, or sideways. Fortunately, I know my readers to be more informed - you likely know that after falling from almost $1900, gold has been trapped around $1600 since early May. But you may still be curious why despite continued money-printing and abysmal US economic reports, gold hasn't been able to hit new highs. Here's the truth: gold is currently priced for...
  • Go for the Gold! (Pay the IRS.) [16 y/o Gold medalist owes taxes for medal]

    08/01/2012 2:30:10 PM PDT · by NYer · 28 replies
    Weekly Standard ^ | August 1, 2012 | JONATHAN V. LAST
    Because conservatives are scrooges, the good folks at Americans for Tax Reform have gone through the fine print to find out what our Olympians will have to cough up to the IRS should they be lucky enough to win any medals in London. Even by the standards of our government, the numbers are insane.For instance: Americans who win bronze will pay a $2 tax on the medal itself. But the bronze comes with a modest prize—$10,000 as an honorarium for devoting your entire life to being the third best athlete on the planet in your chosen discipline. And the IRS will...
  • Global Trade Likely to Collapse if Romney Wins - Interview with Mike Shedlock

    07/25/2012 6:16:09 PM PDT · by bananaman22 · 21 replies ^ | 07/25/2012 | James Stafford
    As markets continue to yo-yo and commentators deliver mixed forecasts, investors are faced with some tough decisions and have a number of important questions that need answering. On a daily basis we are asked what’s happening with oil prices alongside questions on China’s slowdown, which commodities or instruments will provide safety in the current environment, will the Euro-zone split in the future and what impact the presidential election is going to have on the economy and markets? To help look into these issues and more we were fortunate enough to speak with the award winning economic commentator Mike “Mish”...
  • Stylized Figure Pendant, 5th–7th century Panama; International Style Gold

    07/25/2012 10:18:23 AM PDT · by muawiyah · 15 replies
    metropolitan museum of art ^ | 1977 | Alice K. Bache
    Cast in gold over a core, this stylized anthropomorphic figure fluidly integrates human and animal traits. A realistic human face capped by a sweeping headdress extends forward from the abstract body. The generalized depictions of crouching legs, outspread wings, and notched fishtail may connote earth, sky, and sea. The pendant is part of a group of ornaments of uniform style and technology. Both the puzzling combination of elements from different creatures and the superbly finished surfaces set the pendants in the group apart from other Central American goldwork. The group is widely distributed—they are known from Colombia in the south...
  • Gold And Silver Levitate As The Day Of Printing Nears

    07/25/2012 8:12:04 AM PDT · by SeekAndFind · 1 replies
    Zero Hedge ^ | 07/25/2012 | Tyler Durden
    Gold has pushed back above $1600 this morning (and +2.6% year-to-date) as it appears the Hilsenrath-rumor is sinking in and the day of reckoning printing draws nearer. There was little new in the statement, as we have stated, but its timing and specificity is to be noted though we, like BofAML are more predisposed to expectations of a rate extension next week to mid-2015 followed by NEW QE in September (with a disappointed equity market slump in between that 'enables' NEW QE). The herald cry from every hypocritical CEO and retired banker this morning appears to be "but, but,...
  • Gold coins from the Crusades found in Israel

    07/17/2012 5:13:53 AM PDT · by NYer · 14 replies
    cna ^ | July 16, 2012
    Tel Aviv, Israel, Jul 16, 2012 / 04:08 pm (CNA/EWTN News).- Israeli archeologists have found more than one hundred gold coins from the time of the Crusades, when conflict arose between Muslims and Christians over control of the Holy Land. “It is an unusual find. We don’t have much gold from the time of the Crusades,” said Oren Tal, a professor at the University of Tel Aviv who led the investigation. The treasure was found in the ruins of a castle in Arsuf, a strategic bastion during the Crusades of the 12th and 13th centuries. The 108 coins –...
  • Peter Schiff-Socialism is the Problem, Capitalism Is The Solution

    07/16/2012 11:19:44 AM PDT · by appeal2 · 4 replies
    The Financial Survival Network ^ | 07/16/2012 | Kerry Lutz
    We caught up with our old friend Peter Schiff at Freedom Fest. While he was on a panel, security was sicked on Doug Casey for smoking a cigar (Cubano of course) while participating on stage. Freedom took a major hit when Doug was forced to extinguish his rich stogie. But as Doug said, he was on someone else's property, so he had to comply with the management's wishes. I want to know who the Buzzkill was that turned him in. Peter made the case for limited government and eliminated socialism in his usual eloquent manner. Too Big To Fail Banks...
  • Gold for Oil - Turkey skirting Iran sanctions by trading gold for crude

    07/12/2012 5:06:10 PM PDT · by Nachum · 2 replies
    Washington Free Beacon ^ | 7/12/12 | Adam Kredo
    Turkey has exchanged nearly 60 tons of gold for several million tons of Iranian crude oil, despite its promises to uphold Western sanctions on Iran’s energy sector, according to recent Turkish reports. By using gold instead of money, Turkey is able to skirt Western sanctions on Iran’s oil trade, particularly those pertaining to SWIFT, the global money transfer service that until recently assisted the Central Bank of Iran and other Iranian financial institutions. Over the past several months, Turkey has given Iran 60 tons of gold, or more than $3 billion, according to a July 8 report on the Turkish...
  • Rick Wiles interviews Swiss investor Marc Faber on the TruNews Network.

    07/09/2012 8:16:09 PM PDT · by Errant · 24 replies ^ | July 9, 2012 | Rick Wiles
    Topic: Analysis of the worsening global debt crisis, and how you can successfully navigate around the financial minefield
  • The Next Time Silver Crosses Above $30.00 Will Be The Last Time

    07/06/2012 2:03:36 PM PDT · by blam · 15 replies
    TMO ^ | 7-6-2012 | Bob Kirtley
    The Next Time Silver Crosses Above $30.00 Will Be The Last Time Commodities / Gold and Silver 2012 Jul 06, 2012 - 05:41 AM By: Bob Kirtley It has been an interesting week on the economic stimulus front with what looks like a co-ordinated effort by the major powers to ignite their respective economies. The European Central Bank (ECB) made the headlines with a widely anticipated cut to its key interest rate of a quarter of a percentage point to a record low 0.75 per cent in an attempt to ease Europe's financial crisis and boost its stagnating economy. This...
  • Silver, Gold And The Coming Deflation (The Great Tribulation)

    07/05/2012 3:40:07 PM PDT · by blam · 30 replies
    TMO ^ | 7-5-2012 | Hubert Moolman
    Silver, Gold And The Coming Deflation Commodities / Gold and Silver 2012 Jul 05, 2012 - 02:03 PM By: Hubert Moolman Historically gold has made its significant gains, relative to other assets (as well as nominally), not during inflation, but during deflation (Note: I am using the terms inflation and deflation very loosely in this case). These significant gold rallies historically occur when value flees instruments such as stocks and certain commodities. Since the 1920s there have been three major gold rallies (1930s, 1970s and the current rally). All three major gold rallies came after a significant top in the...
  • Why Recent Oil Price Falls are a Good Buying Opportunity - An Interview with Jim Rogers

    07/04/2012 7:30:14 PM PDT · by bananaman22 · 4 replies ^ | 07/04/2012 | James stafford
    World markets appear to be hovering over a precipice as Europe’s sovereign debt crisis, slowdowns in India and China and further bank downgrades threaten to send stocks and commodities down even further. Falling oil and gas prices may offer some respite to consumers but are they enough to help the economy or are they a symptom of deeper problems? To help us look at these issues and more we are joined by the well known investor, adventurer and author Jim Rogers. Jim is the creator of the Rogers International Commodity Index, he also recently completed a book called: A Gift...
  • Two men using metal detectors discover hoard of 50,000 Iron Age Celtic coins

    07/03/2012 3:04:55 PM PDT · by DogByte6RER · 29 replies
    IO9 ^ | July 3, 2012 | George Dvorsky
    those metal detecTwo men using metal detectors discover hoard of 50,000 Iron Age Celtic coins Great news for all you hopeful amateur metal detectorists: Two men, who'd been searching the same field for nearly 30 years, have stumbled upon the largest hoard of Iron Age coins ever discovered in northern Europe. Inspired by legends that a local farmer once discovered silver coins on his land, the men unearthed the congealed chunk of 50,000 silver and gold coins after following a trail of pieces — that turned out not to be related to the cache. Reg Mead and Richard Miles found...
  • Gold reentering the monetary system

    07/02/2012 2:35:10 PM PDT · by BfloGuy · 2 replies
    The Cobden Centre ^ | 2 July 2012 | Alasdair McLeod
    Early in 2011, the London Bullion Market Association began to push for gold to be recognised by the Basel Committee on Banking Supervision as the ultimate high-quality liquid asset. It has been a planned approach involving the wider financial community, with the European Parliament voting unanimously to recommend that central counterparties (basically regulated settlement intermediaries for securities markets) accept gold as collateral under the European Market Infrastructure Regulation (EMIR). Lobbying by the LBMA certainly contributed to this favourable outcome. A growing acceptance of gold as collateral in regulated markets is forcing the Basel Committee to reconsider the position of gold...
  • Is Silver Finally Bottoming Out?

    06/26/2012 3:56:02 PM PDT · by blam · 13 replies
    Sovereign Man ^ | 6-26-2012 | Tim Staermose
    Is Silver Finally Bottoming Out? Tim Staermose June 26, 2012 Over a year ago, I penned an article entitled “4 Silver Investments to Avoid.” About two weeks later, on April 26th, I wrote another article: “Should I Sell My Silver?” saying that I expected an imminent correction in the silver price, after it had gone “parabolic.” It caused quite a stir at the time. There was no shortage of people calling me delusional for suggesting the bull market in silver was overdue for a pause. Some even labeled me a “traitor,” presumably to the “hard money” movement. One of the...
  • Ben Davies: Gold Is Worth $6,000

    06/25/2012 6:39:35 AM PDT · by blam · 24 replies
    TBI ^ | 6-25-2012 | Matthew Boesler
    Ben Davies: Gold Is Worth $6,000 Matthew Boesler Jun. 25, 2012, 7:56 AM Ben Davies, CEO of Hinde Capital, spoke to King World News yesterday giving his thoughts on where gold is headed next. He is somewhat bearish, saying gold could fall over 10 percent to around $1400 per ounce as Europe continues to muddle through its crisis. Davies told King World News: If you look at it on a relative basis, gold has maintained its purchasing power. It’s done exactly what it should be doing. Short-term I am concerned that we could be going down to $1,400. Yes, that’s...
  • Prices for silver, gold tumble along with many other commodities

    06/22/2012 7:03:42 AM PDT · by An American! · 5 replies
    Washington Post ^ | June 21, 2012 | Associated Press
    Metals and other commodities fell Thursday, led by a tumble of more than 5 percent in silver, as discouraging news about the economy kept piling up. Both precious and industrial metals fell. Silver priced for July delivery lost $1.55 to $26.839 per ounce. August gold slid $50.30, more than 3 percent, to $1,565.50 per ounce. Silver and gold often move in synch, but silver tends to fluctuate more because of its lower price.
  • Massive Gold Trove Sparks Archeological Dispute

    06/21/2012 5:36:03 PM PDT · by Theoria · 24 replies
    Spiegel Online ^ | 21 June 2012 | Matthias Schulz
    A 3,300-year-old treasure trove of gold found in northern Germany has stumped German archeologists. One theory suggests that traders transported it thousands of miles from a mine in Central Asia, but other experts are skeptical. Archeologists in Germany have an unlikely new hero: former Chancellor Gerhard Schröder. They have nothing but praise for the cigar-smoking veteran Social Democratic politician. Why? Because it was Schröder who, together with Russian leader Vladimir Putin, pushed through a plan to pump Russian natural gas to Western Europe. For that purpose, an embankment 440 kilometers (275 miles) long and up to 30 meters (100 feet)...
  • Ashland buried treasure stolen?

    06/17/2012 8:48:00 PM PDT · by bkopto · 44 replies
    Mail Tribune ^ | June 17, 2012 | Mandy Valencia
    An Ashland woman says she buried a safe containing $262,000 in gold Krugerrands in her backyard two years ago. But when she went to dig it up earlier this year, it was gone. On March 15, the woman reported to police that the safe was missing, but since then police have exhausted all leads and the case is dormant, said Ashland police Sgt. Jim Alderman. Police will not release the victim's name, because of the high dollar amount involved. The case was complicated by the woman's refusal to let anyone conduct an extensive search of her property. "She refuses to...
  • "Due To The Extreme Volatility Some Market Analysts Foresee..."

    06/13/2012 10:38:06 PM PDT · by Errant · 15 replies
    Zero Hedge ^ | 06/13/2012 | Tyler Durden
    Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.
  • Mr. (Peter) Schiff Returns From Washington Disgusted As Usual--11.June.12

    06/12/2012 7:06:17 AM PDT · by appeal2 · 5 replies
    The Financial Survival Network ^ | 06/12/2012 | Kerry Lutz presents: Peter Schiff joined us again for a discussion of his latest book, The Real Crash. While much of what Peter predicted in his prior books has come to pass, the ultimate crash has yet to happen. And judging from his recent testimony at Congress, the elected representatives do not have a clue what’s going and what their previous policy blunders are causing. It is evident that they have absolutely no conception of economic realities and that every dollar the government spends is forcibly removed from the private sector, thereby decreasing economic activity and lowering incomes and taxes that...
  • Dominoes Don't Always Fall in a Straight Line-Martin Armstrong--04.June.12

    06/04/2012 1:40:58 PM PDT · by appeal2 · 1 replies
    The Financial Survival Network ^ | 06/04/2012 | Kerry Lutz presents: Martin Armstrong, noted market analyst extraordinaire, joined FSN for a far reaching interview about the current direction of the economic system and the future of the Euro, Gold and the Dollar. His new book is due out just before the election and it promises to be a real bombshell. Martin's done what few people have had the desire or commitment to: he went back to the Great Depression and analyzed the sovereign debt defaults and the true underlying causes.While this time is definitely different, there are many striking parallels. Sovereign debt defaults are the rule, not the exception,...
  • David Morgan-Precious Metals Special Rally Report--01.June.12

    06/01/2012 3:18:00 PM PDT · by appeal2 · 4 replies
    The Financial Survival Network ^ | 06/01/2012 | Kerry Lutz presents: David Morgan and I have been having too many precious metals panic reports, so we figured it was a good time to give a rally report. Today gold is up over $66 per ounce and silver's rallied over $0.80 per ounce. These are dramatic, sudden, and possibly significant moves. Gold's up over 4 percent in one day, an extremely rare occurrence, with silver following suit; silver's up at just around a three percent increase. There have been signs of a precious metals rally on the horizon. The volume at the downside was slowing dramatically. The volume today was...
  • Oil Down Sharply; Gold Up Sharply (Brent Crude Falls Below $100/bl)

    06/01/2012 7:38:25 AM PDT · by OrangeHoof · 24 replies ^ | 06-01-2012 | OrangeHoof
    As of 10 a.m. EDT Friday WTI Crude Oil: $83.90/bl - down $2.83 - down 3.04% Brent Crude Oil: $98.96/bl - down $2.87 - down 2.82% Gold: $1614.02 - up 3.48% Brent Crude (European) oil was over $110/bl just a month or so ago while WTI Crude (West Texas) was above $105/bl not that long ago.
  • BofA Technical Analyst: Gold Is Set For A Rally, Could Go As High As $3000

    05/22/2012 3:52:56 PM PDT · by blam · 15 replies
    TBI ^ | 5-22-2012 | Max Nisen
    BofA Technical Analyst: Gold Is Set For A Rally, Could Go As High As $3000 Max Nisen May 22,2012 The technical analysis team at Bank of America Merrill Lynch thinks a month's long decline in gold is coming to an end. Here's an excerpt from a note by Mary Ann Bartels and Stephen Suttmeier: Gold has pulled back to test support at $1550-1500. This support is holding, which sets up gold for a rally. The downtrend line from the August/ September highs provides initial resistance near $1700. Chart resistances are near $1800 and $1900-1925. Our longer-term view remains that gold...
  • Why Has Gold Fallen In Price And What Is The Outlook?

    05/21/2012 7:29:26 AM PDT · by SeekAndFind · 18 replies
    Zero Hedge ^ | 05/21/2012 | Tyler Durden
    From GoldCoreWhy Has Gold Fallen In Price And What Is The Outlook?Gold’s London AM fix this morning was USD 1,590.25, EUR 1,245.20, and GBP 1,005.34 per ounce. Friday's AM fix was USD 1,588.00, EUR 1,251.08 and GBP 1,005.13 per ounce.Silver is trading at $28.45/oz, €22.37/oz and Ł18.06/oz. Platinum is trading at $1,470.50/oz, palladium at $616.00/oz and rhodium at $1,325/oz.Gold rose $17.70 or 1.12% in New York on Friday and closed at $1,591.40/oz. Gold has been trading up and down in Asia within a narrow 8 point range and is now trading in Europe near $1,592.16 at 1150 GMT.  The Canadian...
  • Eric Sprott--Live at Hard Asset New York--05-15-2012

    05/19/2012 3:58:59 AM PDT · by appeal2
    The Financial Survival Network ^ | 05/19/2012 | Kerry Lutz presents: Eric Sprott had just finished his keynote address at the Hard Assets investment conference in NYC when he took a few minutes from his busy schedule to speak with FSN. While being rational about the recent decline, he was no happier about it than anyone else. Eric understands these markets better than almost, and he's built his fortune and reputation on the sector. Through his ETF's, his various investment and financing vehicles, he's a dominant figure in the industry. Eric says he has no intentions of selling. He made some very poignant points about numerous countries facing their...
  • JIM ROGERS: Here's What Would Cause Gold To Dive 40% To 50%

    05/15/2012 9:39:05 AM PDT · by SeekAndFind · 45 replies
    Business Insider ^ | 05/15/2012 | Mamta Badkar
    Commodities guru Jim Rogers said he is not buying gold. In fact, he said he has "hedged himself" since we spoke to him last month. Rogers said he expects gold prices to fall further and believes they could tumble 40 - 50 percent off their top if India were to stop its gold imports or if Europeans were to sell their gold: "There's some movement in India to really curtail the purchase of gold. Some people in India say we should stop importing gold period which would be draconian. There are also Europeans who are talking about the need to...
  • Gold, Silver Resume Downward Trend

    05/14/2012 12:35:46 PM PDT · by An American! · 17 replies
    InvestorPlace ^ | 5/14/2012 | Andrew Burger
    Concerns grow about a global economic slowdown and a restructuring of the European Monetary Union Gold and silver started off the week by heading downward amid growing perceptions of a global economic slowdown and restructuring of the European Monetary Union (EMU).
  • The Real Tech Revolution is Just Getting Started-Alex Daley--10.May.2012

    05/10/2012 2:22:33 PM PDT · by appeal2 · 7 replies
    The Financial Survival Network ^ | 05/10/2012 | Kerry Lutz presents: As chief technology investment strategist for Casey Research, Alex Daley is always on the lookout for the next and greatest technological advancement. It's in his blood, and it's his life's mission. There are so many incredible innovations occurring everywhere around the globe. In fact, healthcare and manufacturing are going through major advances that will leave these sectors unrecognizable. In medicine alone, diagnostics are advancing to the point where doctors now know whether certain cancer medications will be effective on particular patients or not. This is a huge advancement that will improve lives, save money, and make major profits...
  • There's Gold in Dixon Illinois' City Hall-Triple Lutz Report--Episode 186

    05/10/2012 9:46:39 AM PDT · by appeal2 · 6 replies
    The Financial Survival Network ^ | 05/10/2012 | Kerry Lutz presents: Episode 185 deals with the massive fraud in Dixon, Illinois. Since 1983, the comptroller, Rita Crumwell, had a nice little racket going on. She stole over $53 million dollars, $30 million alone in the past 6 years. It's truly amazing this could go on for so long in a town of just 15,000 people, with a budget of $8-20 million dollars. This story intrigued me because at some level this type of scam is happening in every governmental entity in the country. This is not to say that all government officials are looting between 10 and 25 percent...
  • China & the Other Central Banks Are Buying Gold-Ranting Andy Hoffman--09.May.2012

    05/09/2012 3:38:47 PM PDT · by appeal2
    The Financial Survival Network ^ | 05/09/2012 | Kerry Lutz presents: "Ranting" Andy Hoffman gives us the update on the lastest precious metals slam down; the reasons to own gold and silver couldn't be stronger. If the prices stay down this low, don't be surprised to witness a major flood of buying. We're also getting into the Indian Wedding Season, which will result in increased demand along with massive sovereign central bank purchases. This is worse than 2008, and banks are blowing up all over Europe. Spain has just bailed out its third largest bank. Who's going to bail out Spain? Greece is planning to reneg on its debt....
  • Tracking the Trend is Never Easy Especially Now-Gary Wagner--09.May.12

    05/09/2012 3:21:17 PM PDT · by appeal2
    The Financial Survival Network ^ | 05/09/2012 | Kerry Lutz presents: Gary Wagner, master technician and trader, follows markets for a living. The precious metals market never misses an opportunity to humble even the most astute technical trader, just like it did to Gary today. But we're living in interesting times, and the world's events are a constant reminder of that fact. While the dollar looks good right now, and the Euro looks doomed, one can never underestimate these volatile markets' propensity for shock and awe. Just when you think you know what's happening, boom, Spain blows up. When countries start imploding, it's extremely difficult to understand how the...
  • Gold & Silver Don't Get No Respect-Peter Grandich--09.May.12

    05/09/2012 12:40:54 PM PDT · by appeal2 · 1 replies
    The Financial Survival Network ^ | 05/09/2012 | Kerry Lutz presents: Peter Grandich weighed in on the latest precious metals rout; he's not worried and neither am I. All the reasons we bought gold in the first place are still present and actually increasing. Central bank buying, excessive money printing, and all sorts of economic and monetary mayhem are occurring. Now is not the time to lose confidence or hope in a better tomorrow. We helped Peter celebrate his daughter's 20th birthday because when it comes down to it, while money and economic circumstances are important, they are not the most important things in our lives. When it comes...
  • Metals Crash Report-We Won't Get Fooled Again-Ty Andros--09.May.2012

    05/09/2012 12:19:09 PM PDT · by appeal2 · 6 replies
    The Financial Survival Network ^ | 05/09/2012 | Kerry Lutz presents: Ty Andros called FSN today, Wednesday, 5/9, to weigh in on the recent precious metals slam down. Given all the money printing and the global economic instability, now is indubitably a good time to be a buyer. Today, we discussed the real story on Chinese inflation, and it's far worse than has ever been disclosed. Over the past year, meat and food prices have doubled! So this means real Chinese economic growth is far below official statements, just like in the US. So don't panic, and don't let your emotions get the better of you. Listen to the...
  • Precious Metals Taking a HIT Today!

    05/08/2012 1:01:48 PM PDT · by GeorgeWashingtonsGhost · 35 replies
    Kitco ^ | May 08, 2012 | GeorgeWashingtonsGhost
    Precious metals are taking a hit today! Gold dropped below the $1600 mark for the first time in 5 months while silver also declined steadily throughout the day. All precious metals declining by over 1% today with Rhodium at -3.5%.
  • Telling it Like Is and How it Will Be-Danielle Park--08.May.2012

    05/08/2012 12:27:27 PM PDT · by appeal2
    The Financial Survival Network ^ | 05/08/2012 | Kerry Lutz presents: Danielle Park of joined us for our bi-weekly journey into the economic realities now hitting every person on the planet. There's no easy way out and sticking with losing systems, just like losing investments, is your surefire ticket to the poorhouse! Danielle explored the current administration's unwillingness to hold the banksters accountable for the damage they've inflicted. While we were at it, we also discussed the fact that the government should finally own up to its major role in creating this ghastly state of affairs. After all, who created Fannie, Freddie, FHA, Sallie Mae and so many...
  • Economic Alert: If You’re Not Worried Yet…You Should Be

    05/08/2012 6:51:24 AM PDT · by Errant · 15 replies
    Alt-Market.Com ^ | Tuesday, 08 May 2012 | Brandon Smith
    For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. I do not take the word “alert” lightly. Since 2008 we have seen a cycle of events that have severely weakened our country’s foundation, but each event has then been followed by a lull, sometimes 4 to 6 months at a...
  • Dudley Baker Gives the Inside Scoop on Insiders--07.May.2012

    05/07/2012 3:58:56 PM PDT · by appeal2
    The Financial Survival Network ^ | 05/07/2012 | Kerry Lutz presents: Dudley Baker of and joined us for another look at the recently decimated precious metals mining sector. While markets like we've had lately may try men's souls, he's confident sooner rather than later, this value and other economic factors will result in a swarm of investors gobbling up these shares. Insider buying, a crucial indicator for Dudley's model, has been trending up in a number of miners, and this is probably good news for investors. Dudley gets up-to-the-minute updates on insiders purchases and sales and presents them regularly in his database, along with stocks that have...
  • Greece Will Experience Hyper Inflation and So Will the Rest of Europe--07.May.2012

    05/07/2012 2:36:16 PM PDT · by appeal2 · 9 replies
    The Financial Survival Network ^ | 05/07/2012 | Kerry Lutz presents: "Ranting" Andy Hoffman was with us today to review the ever declining and disintegrating world economy and to offer us his weekly insight into the precious metals markets. While gold and silver prices have been under repeated attack, Spain, Portugal and Italy have become complete basket-cases. Add to that, the election of a socialist government over the weekend in France, declining support for Merkel in Germany, and Conservative Party losses in England, and you have the prescription for a hyper-inflationary bust. In Greece, the major parties only received 35 percent of the vote, with the majority being split...
  • You're A Debt Slave and You Don't Even Know It-Stefan Molyneux--07.May.2012

    05/07/2012 10:51:20 AM PDT · by appeal2 · 2 replies
    The Financial Survival Network ^ | 05/07/2012 | Kerry Lutz presents: Stefan Molyneux of visited with us today. Stefan's an early pioneer in getting the freedom message out to the world; he's been doing it since 2005. Millions of people have visited his site and downloaded his numerous philosophical and economic discussions. Stefan and I talked about the proper role of a citizen and what types of powers the government should wield and why. We both agree the world is heading for an economic reset, voluntary or involuntarily; it's going to take place. You need to be prepared for this. Stefan and I also discussed the administration's Julia...