Free Republic 1st Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $74,511
Woo hoo!! And now less than $13.5k to go!! Let's git 'er done!! Thank you all very much!! God bless.

Keyword: goldbuggery

Brevity: Headers | « Text »
  • Commentary on the BERNANKE/GEITHNER CONGRESSIONAL TESTIMONY: It's all about gold.

    03/22/2012 8:27:28 AM PDT · by geraldmcg · 4 replies ^ | 03/22/2012 |
    Swiss America Chairman Craig R. Smith comments on the Bernanke/Geithner testimony to Congress: While watching the testimony of U.S. Treasury Secretary Geithner and Fed Chairman Bernanke today, I was struck by several answers provided by the witnesses. One answer stood out amongst them all. In answering questions about funding of the IMF for the financial needs in the Eurozone, the U.S. Treasury Secretary said the chance of a default by the IMF, or any of its borrowers of money provided by the U.S. is extremely low. Why? Because the loans are all "backed by IMF gold"! ...
  • RICHARD RUSSELL: The Gold Skyrocketing Phase Still Lies Ahead

    11/24/2011 7:22:51 AM PST · by blam · 4 replies
    TBI ^ | 11-24-2011 | Cullen Roche, Pragmatic Capitalism
    RICHARD RUSSELL: The Gold Skyrocketing Phase Still Lies Ahead Cullen Roche, Pragmatic Capitalism Nov. 24, 2011, 4:41 AM Via Richard Russell’s Dow Theory Letters: “Day after day, everyone asks whether gold has topped out. Nobody ever asks whether the market has topped out. Think about it, we’re in a low inflation, low investor fear environment, a dollar that appears to have bottomed and is now firming, and still gold holds above 1700 an ounce. This is a remarkable performance aided by heavy buying in China, India, and Asian nations. But what happens when we hit the inevitable inflation; when investors...
  • Ron Paul: Media "Amen corner" poo poos gold

    07/24/2010 2:21:26 PM PDT · by citizenredstater9271 · 48 replies · 1+ views
    Youtube ^ | July 24, 2010 | RidleyReport
    Ron Paul explains why we need to put our money in gold and how we can do that as America slowly drifts towards socialism. I'm fully aware I can't change any one's mind about Dr. Paul on FR but please listen to this video you might agree with some of what he says.
  • Merkel's Rules for Bankruptcy (no more German bailouts for EU losers)

    07/12/2010 7:43:50 PM PDT · by mainsail that · 12 replies ^ | 7/23/2010 |
    Fearing a lasting burden on taxpayers, the German government is preparing a set of insolvency rules for countries in the euro zone. It would require private investors to bear some of the financial burden and force the affected countries to give up some sovereignty. The plan is guaranteed to meet with resistance. As a physicist and an avowed admirer of the Swabian housewife, German Chancellor Angela Merkel, leader of the center-right Christian Democrats (CDU), is seeking to establish binding rules in the midst of the chaos of financial and monetary crises. Her desire for order was reinforced recently when the...
  • Secret gold swap has spooked the market

    07/12/2010 7:02:03 PM PDT · by DeaconBenjamin · 5 replies · 1+ views
    Telegraph (UK) ^ | 6:10PM BST 11 Jul 2010 | By Garry White and Rowena Mason
    It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion * * * According to the World Gold Council, central banks in Greece, Spain and Portugal held 112.2, 281.6 and 382.5 tons of gold respectively in June – leading analysts to point fingers at Portugal, or a combination of the three. But an analyst from UBS noted that eurozone central banks would be severely limited...
  • These 67 Analysts Believe Gold Will Reach Parabolic Top As High As $10,000 (goldbug porn)

    07/12/2010 6:37:49 PM PDT · by jiggyboy · 37 replies ^ | July 16, 2010 | Lorimer Wilson
    Who in their right mind would suggest that gold will eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, there are almost 70 economists, academics, gold analysts and market commentators who believe gold may go as high as $10,000 an ounce before the bubble finally pops. Below is a list of such individuals each of whom has sound reasons to substantiate his or her views. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months)...
  • Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons

    06/13/2010 2:00:01 PM PDT · by blam · 58 replies · 1,772+ views
    The Market Oracle ^ | 6-13-2010 | Lorimer Wilson
    Gold Going to Parabolic Top of $10,000 by 2012 For Good Reasons Commodities / Gold and Silver 2010 Jun 13, 2010 - 03:05 PM By: Lorimer Wilson No wishful thinking here! As I see it gold is going to a parabolic top of $10,000 by 2012 for very good reasons - sovereign debt defaults, bankruptcies of “too big to fail” banks and other financial entities, currency inflation and devaluations - which will all contribute to rampant price inflation. Not surprisingly, I have company in that view: Money manager, Peter Schiff, told Business Week recently that, "Gold could reach $5,000 to...
  • Why I Don't Trust Gold

    05/27/2010 6:47:03 AM PDT · by SeekAndFind · 115 replies · 2,128+ views
    Wall Street Journal ^ | 05/27/2010 | Brett Arends
    This is a very sad day for me. In Part One of this series, when I argued that gold might be about to go vertical, I made a whole bunch of new friends among the gold bugs. And now I'm going to lose them all. That's because even though I think gold might be about to take off, I don't recommend you rush out and put all your money into gold bars or exchange-traded funds that hold bullion. And this is for one simple reason: At some levels, gold, as an investment, is absolutely ridiculous. Warren Buffett put it well....
  • Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See

    05/10/2009 6:39:42 AM PDT · by FromLori · 70 replies · 2,876+ views
    This is the chart they don't want you to see: the purchasing power of the dollar over the past 76 years has declined by 94%. And based on current monetary and fiscal policy, we have at least another 94% to go. The only question is whether this will be achieved in 76 months this time. (Click chart to enlarge.)
  • Is the dollar beginning it's decline?

    05/04/2009 1:13:38 PM PDT · by mikelets456 · 59 replies · 1,988+ views
    Me | 5/4/2009 | Mike
    Is this the VERY beginning of the downward spiral of our currency? I am beginning to notice that the Euro and Pound are going up daily. The Euro was at 1.23 now at 1.35 and the Pound previously 1.36 to this the beginning of inflation? Oil rising as well...this could be the tip of the "turd" ready to erupt. Hey, printing all that $$$ will eventually have consequences, there really is no escape from that. Never in the history of man kind has "throwing money" at a crisis helped...NEVER!
  • Weimar Inflation in America

    05/28/2008 6:45:06 AM PDT · by Dick Bachert · 56 replies · 253+ views
    Kitco ^ | May 26 2008 | James Turk
    Probably almost everyone is familiar with the hyperinflationary episode that engulfed Germany after the First World War. That nation’s economy was crippled by monetary problems that resulted in dreadful personal hardships, even though up to that time Germany had achieved one of the highest living standards in the world. The newly formed German government, named for the city where their constitution was drafted after the Kaiser’s abdication in 1918, kept pumping up the money supply. The process started relatively slowly, but quickly the pace of money creation accelerated. The Weimar government was paying its bills on credit – just like...
  • Why I Could Never Be A Paid Shill For The Feds

    02/24/2008 7:23:42 AM PST · by Christopher Lincoln · 52 replies · 97+ views
    Gold Eagle ^ | 02/04/2008 | Jason Hommel
    On this Valentine's day, let us remember and pay a tribute to all people who love the Government, and while we are at it, let's pay tribute to the Government itself by buying a T-Bill ! Thank goodness most of America and the rest of the world still loves the Federal Government of the United States and the Federal Reserve enough to continue to hold about $30 trillion worth of bonds that are paying, on average, about 5% while inflation is about 17%. Such Fed-loving bond holders clearly approve of all the spending habits of the United States government, by...
  • Half of gold in central banks gone?

    01/29/2008 3:56:47 AM PST · by Man50D · 86 replies · 124+ views ^ | January 29, 2008 | Jerome R. Corsi
    U.S. central banks may have less than half the gold they claim to possess in their vaults, charges a watchdog group in an ad scheduled for publication in the Wall Street Journal this week. As WND reported, the Gold Anti-Trust Action Committee, or GATA, claims the Federal Reserve and the U.S. Treasury are surreptitiously manipulating the country's gold reserves by participating in undisclosed leases, according to an advance copy WND obtained of the ad running in Thursday's edition of the Journal. GATA believes much of the borrowed gold out on lease will never be returned to the central banks. "With...
  • The Paulonomics Factor

    01/23/2008 11:04:51 AM PST · by estimator · 242 replies · 2,669+ views
    National Review Online ^ | January 22, 2008 | Donald Luskin
    Republican presidential hopeful Ron Paul sounds radical when he advocates the elimination of the individual income tax, a return to a gold standard, the wholesale downsizing of the federal government, and the abolition of the Internal Revenue Service and the Federal Reserve. The media and the other presidential candidates treat him as a nut. Indeed, Paul often enough opens himself up to that treatment in the flamboyant way he expresses himself. Sometimes he even seems to relish his image as a gadfly on the political fringe. But it’s time to start taking the ten-term Texas congressman seriously. He came in...

    01/22/2008 10:15:43 AM PST · by ToryNotion · 118 replies · 21,903+ views
    Fox News ^ | Jan. 21, 2008 | AP
    KENNER, La. — Ron Paul, a Republican presidential contender and Texas congressman, said Monday that the Federal Reserve is to blame for the country’s weakening economy. Paul highlighted his economic remedies — abolishing the federal income tax and returning to the gold standard, among them — on a three-city tour of Louisiana. The libertarian-minded Paul was the only candidate to visit Louisiana on the eve of the state’s Republican caucuses Tuesday. The caucuses are an intermediary step in picking a favorite candidate. A presidential primary will take place on Feb. 9 and a state convention will convene on Feb. 16....
  • Ron Paul - Goldfinger?

    01/17/2008 9:42:09 AM PST · by mission9 · 76 replies · 149+ views
    Associated Content ^ | 01-17-08 | Ranger
    The golden rule: He who has the gold makes the rules. In the 1964 James Bond Movie, Goldfinger, an international financial terrorist attempts to take over the world financial system by destroying American gold reserves stored at Fort Know with a nuclear bomb - a foreboding yet imaginative plot, but very messy and not too likely to succeed. What if you came up with a lucrative plan, ....
  • America’s Trade Debts Lead to a Likely Gold Confiscation

    12/04/2007 8:14:34 PM PST · by E. Pluribus Unum · 106 replies · 805+ views ^ | 2 December 2007 | Lawrence Patterson
    Federal agencies have indicated that the accumulated trade debts of the United States have reached $9 trillion.  This can be explained once one realizes that outsourcing of production jobs and manufacturing has gathered speed over the last twenty years to a point where we don’t make more than a nominal percentage of our own necessities.  These debts result in accumulated “TRADE DEFICITS” which are discussed in the daily papers.  What is not discussed, however, is how these “trade debts” will ever be paid.  Well, common sense would tell most of us that — they will be paid in some form....
  • The Gotterdammerung of Central Banking

    09/24/2007 10:37:43 AM PDT · by oblomov · 42 replies · 207+ views
    Prudent Bear ^ | 9/24/2007 | Martin Hutchinson
    After pretending an unwonted firmness for a few weeks, the central banks in both Britain and the United States caved this week, accepting financial sector bailouts and in the Fed’s case lowering interest rates. Moral hazard has thus been made immoral certainty; financial market participants who indulge in grossly speculative activity can be “highly confident” (in the words of the old Drexel Burnham commitment letters) that they will be bailed out by the public sector, i.e. ultimately by the taxpayer. Rarely has there been such an obvious subsidy of the overpaid by the beleaguered. It raises the question: what if...
  • Look Here For an Inflation Proof Currency

    09/14/2007 3:37:11 PM PDT · by hripka · 3 replies · 180+ views
    The Prudent Investor Blog ^ | September 12, 2007 | Toni Straka
    I knew it. This headline draws attention these days. As the world wakes up to the fact that all currencies are created out of thin air by a simple entry into the electronic ledgers of the world's central banks investors begin to look for investments whose safety does not depend on an agency rating. This chart from the World Gold Council may help your investment decisions. GRAPH: This chart is a very graphic description what happens once nations abolish the gold standard in favor of unbacked fiat currencies. Remember: No fiat currency has existed longer than a human's lifespan and...
  • Housing Slump May Produce a Recession

    09/19/2007 11:34:56 AM PDT · by Red in Blue PA · 37 replies · 48+ views
    Yahoo News/AP ^ | 9/19/2007 | Alan Zibel, AP Business Writer
    WASHINGTON (AP) -- An economist who has long predicted this decade's housing market bubble would deflate said the residential real estate downturn could spiral into "the most severe since the Great Depression" and could lead to a recession. Yale University economist Robert Shiller's written comments to lawmakers came a day after the Federal Reserve responded to credit market turmoil by slashing the target federal funds rate by a half point to 4.75 percent. Shiller, in testimony prepared for a hearing of the Joint Economic Committee said the loss of a boom mentality among the public may bring on a drop...
  • The Housing Bubble Bursts the Economy

    09/12/2007 9:05:03 PM PDT · by hubbubhubbub · 19 replies · 426+ views
    Sinclair Mineset ^ | 11 September 2007 | Dean Baker
    The downturn in jobs reported last month by the Labor Department provided evidence of an economic downturn that even the economy's greatest cheerleaders could not ignore. Healthy economies do not shed jobs. During the core periods of the upturns in the eighties and nineties, there were three months in which the economy lost jobs. In two of these, the loss was attributable to major strikes. (The jobs of striking workers are not counted in the survey.) That leaves a grand total of one month in more than twelve years of recovery in which the economy lost jobs. In other words,...
  • "MONEY IS TOO IMPORTANT" to Trust with Central Bankers!

    12/12/2006 4:18:21 PM PST · by GodGunsGuts · 14 replies · 563+ views
    FinancialSense ^ | December 12, 2006 | Gary Dorsch
    The late Nobel Economic laureate Milton Friedman once remarked, “Money is too important to be left to central bankers. You essentially have a group of unelected people who have enormous power to affect the economy. I’ve always been in favor of replacing the Fed with a laptop computer, to calculate the monetary base and expand it annually, through war, peace, feast and famine by, perhaps, a predictable 2 percent,” Friedman said.
  • An Economic Pillar on the Verge of Collapse

    12/07/2006 8:52:46 AM PST · by GodGunsGuts · 180 replies · 3,675+ views
    Washington Post ^ | December 6, 2006 | Steven Pearlstein
    An Economic Pillar on the Verge of Collapse By Steven Pearlstein Wednesday, December 6, 2006; D01 It's been more than a year since we've heard from those who denied there was a housing bubble. Since then, the industry boosters, along with the "soft-landing" crowd over at the Federal Reserve, have coalesced around the idea that maybe the market got a bit frothy after all, but now the correction is almost complete, the unsold inventory's been worked off and the worst is behind us. But just when you're feeling hopeful again, you get reports like yesterday's Wall Street Journal piece reporting...
  • Dollar woes poised to carry over into next year (Greenback is down about 50% vs. euro)

    11/29/2006 8:46:56 AM PST · by GodGunsGuts · 316 replies · 3,409+ views
    MarketWatch ^ | Novermber 29, 2006 | Wanfeng Zhou
    Dollar woes poised to carry over into next year Greenback is down about 50% vs. euro in past five years; down 6% vs. yen By Wanfeng Zhou, MarketWatch Nov 28, 2006 NEW YORK (MarketWatch) -- After a precipitous slide in the last week that caught many traders off guard, the dollar is vulnerable to further losses and may continue to weaken against major rivals heading into 2007, analysts said Tuesday. "Sentiment for the dollar has been deteriorating steadily over recent weeks," said Mitul Kotecha, head of global foreign-exchange strategy at French investment bank Calyon. The decline was not prompted by...
  • The Coming Collapse in Housing

    11/19/2006 7:42:06 PM PST · by GodGunsGuts · 53 replies · 1,155+ views
    GoldSeek ^ | November 19, 2006 | Gary Shilling
    I am convinced that the housing bubble is gigantic and will burst before long with massive implications here and abroad. In fact, it's the key to the global economic outlook. Setting the Scene House prices in recent years have leaped well beyond their normal relationships to the CPI...

    10/20/2006 7:42:08 PM PDT · by hubbubhubbub · 53 replies · 1,029+ views
    fso ^ | October 20, 2006 | Peter Schiff
    This week it was announced that both producer and consumer prices dropped by 1.3% and .5% respectively, while housing starts unexpectedly increased by 5.9%. Not surprisingly, Wall Street celebrated the apparent good news, sending the Dow Industrials into uncharted territory. As has been its recent tendency, the market is unconcerned with recent bad news, instead championing it as confirming the highly touted “soft-landing.” September’s much weaker than expected non-farm payroll data and the Philadelphia Fed survey that showed an unexpected deterioration in manufacturing, are two recent examples. However, a closer look at the supposed good news reveals just how unwarranted...
  • Dollar Up, Gold Down in Europe

    10/04/2006 9:05:10 AM PDT · by Toddsterpatriot · 132 replies · 1,471+ views
    LONDON (AP) -- The U.S. dollar was higher against other major currencies in European trading late Wednesday. Gold fell. The euro traded at $1.2688, down from $1.2727 late Tuesday in New York. Later, in midday trading in New York, the euro fetched $1.2688. Other dollar rates in Europe, compared with late Tuesday, included 118.03 Japanese yen, up from 117.89; 1.2512 Swiss francs, up from 1.2451; 1.1274 Canadian dollars, up from 1.1206. The British pound traded at $1.8844, down from $1.8872. In midday New York trading, the dollar bought 118.02 yen and 1.2512 Swiss francs, while the pound was worth $1.8835....
  • Dollar Mixed, Gold Lower in Europe

    09/11/2006 8:57:47 AM PDT · by Toddsterpatriot · 155 replies · 1,266+ views
    Yahoo! Finance ^ | September 11, 2006
    LONDON (AP) -- The U.S. dollar was mixed against other major currencies in late European trading Monday. Gold fell sharply. Analysts said gold prices declined following a report that Iran was considering complying -- at least temporarily -- with the U.N. Security Council's demand that it suspend its uranium enrichment program. The euro bought US$1.2685, up from US$1.2676 late Friday. Other dollar rates: --117.77 Japanese yen, up from 116.87 --1.2459 Swiss francs, down from 1.2468 --1.1212 Canadian dollars, up from 1.1204 The British pound traded at US$1.8617, down from US$1.8649. Gold closed in London at US$585.30, down from US$609.00 late...
  • U.S. Housing Bust Raises Odds of Recession

    08/28/2006 9:17:14 AM PDT · by ex-Texan · 423 replies · 5,216+ views
    National Post ^ | 8/26/2006 | Eric Beauchesne, CanWest News Service
    40% chance of 'U.S. Hard Landing,' National Bank says. OTTAWA - The odds of a U.S. recession have increased dramatically, economists at a Canadian bank are warning. And if the United States were to go under, it would require a shift in policies here by governments and the Bank of Canada to keep the Canadian economy from going under too, the National Bank of Canada's chief economist said yesterday. That would require income-tax cuts by the federal and other levels of government and interest-rate cuts by the Bank of Canada, Clement Gignac said after the bank announced that the odds...

    07/21/2006 9:14:46 AM PDT · by hubbubhubbub · 22 replies · 616+ views
    FSO ^ | July 21, 2006 | Peter Schiff
    When Ben Bernanke told Congress that moderating economic growth will likely contain inflationary pressures, Wall Street responded with its biggest one-day rally in nearly two years. Unfortunately for the Wall Street party boys, the Fed Chairman is likely wrong on both counts. In the first place the U.S. economy will not merely slow, but tumble, in the coming months/years, and rather than quelling inflation’s fire, the inevitable recession will actually stoke its flames. Bernanke’s faulty logic assumes that inflation is somehow a by-product of economic growth. However, real economic growth emanates from increased productivity, which tends to hold prices down....
  • Gold-Oil Ratio Spiralling Downward (630/74)

    07/09/2006 6:30:32 PM PDT · by DebtAndDelusion · 53 replies · 2,154+ views
    R.I. Express ^ | July 7, 2006 | John Nones
    With oil now hitting record highs and gold well off mid-May levels, the gold-oil ratio continues to shrink. Today, one ounce of gold only buys 8.57 barrels of oil - a ratio of 0.11.Oil hit a fresh record high of $75.78 a barrel today, boosted by strong demand in the United States and global tension ranging from Iran's nuclear work to North Korea's missile tests. Prices drew early support from a U.S. government report yesterday showing gasoline demand grew by 1.4% in the last four weeks from a year ago, with summer driving months still head. But rebel attacks in...
  • INSIDE THE FEDERAL RESERVE: WND unveils comprehensive report on 'fraud of the century'

    07/08/2006 4:44:32 PM PDT · by churchillbuff · 49 replies · 2,427+ views
    WND ^ | July 8 06 | WND
    While millions of Americans look with awe to the Federal Reserve to protect the nation's financial well being, millions more mistrust the Fed, seeing it as an unaccountable, private banking cartel siphoning off citizens' wealth and manipulating America's economy for the benefit of a hidden elite. Where does the truth lie? That's the question that's asked – and answered in-depth – in the July issue of WorldNetDaily's acclaimed monthly Whistleblower magazine. Titled "THE FEDERAL RESERVE: FRAUD OF THE CENTURY," Whistleblower documents authoritatively and with uncommon clarity how the "Federal Reserve" – which is neither part of the federal government, nor...
  • GOVERNMENT DEBT: Termites in the House

    07/01/2006 1:10:31 PM PDT · by HopefulPatriot · 23 replies · 589+ views
    Financial Sense Online ^ | June 30, 2006 | Bud Conrad
    Casey Files: Government Debt – Termites in the HouseAs I write, gold has rebounded handsomely over the $600 mark, perhaps putting a stake through the heart of the recent steep correction. Or, perhaps not.After all, it isn’t the fundamentals, per se, that are currently causing gold to spike. It’s largely just the chattering of the trading community based on their reading of the tea leaves revealed in the Fed’s latest press release.In order to make any real sense of where gold should be trading, and will be trading soon enough, you have to look deeper, much deeper, into the...

    06/02/2006 9:57:23 AM PDT · by hubbubhubbub · 5 replies · 525+ views
    FSU ^ | June 2, 2006 | Christopher G. Galakoutis
    The month of May brought with it, like clockwork, the long awaited correction in commodities, including the gold and silver sector, with both the physical metals and stocks taking a solid one the chin. The question on everyone's mind therefore is whether this was a single, high-quality shot on the noggin, or the start of a ferocious combination that will ultimately leave our golden prize fighter down for the count? Following the correction, as is usually the case with reactionary "experts" focused on rear view mirrors, commentaries flooded the newswires suggesting the commodities "bubble" might in fact be over. They...
  • Another Fresh High for Gold Prices

    05/11/2006 9:28:23 AM PDT · by Proud_USA_Republican · 52 replies · 815+ views ^ | 5/11/2006 | Nick Godt
    Gold and metals rallied again to record levels on Thursday fueled by supply constraints, crude oil approaching $74 a barrel and continued dollar weakness. In recent action, gold for June delivery was surging $18.10 to $723.80 an ounce. It earlier reached a morning high of $728, a level unseen since September 1980. With gold gaining close to $200, or 40%, since the start of the year -- and with the rally showing little fatigue since topping $700 an ounce this week -- more analysts are throwing up caution flags. "A significant sharp correction is lurking out there," writes Peter Grandich,...
  • Gold hits new 25-year peak, trades just below $700 ($698)

    05/09/2006 9:43:38 AM PDT · by DebtAndDelusion · 85 replies · 4,580+ views
    Reuters -- FX Street ^ | May 9, 2006 | Atul Prakash
    Gold rallied to a new 25-year high near $700 an ounce on Tuesday on dollar weakness, while platinum set a new record on strong industrial demand and fund buying. Other precious metals also gained from the bullish environment in commodities, which saw copper setting a new record and aluminium surging to an 18-year peak. "We have a combination of overlaying sets of momentum here. More and more of genuine investors have become convinced that some portion of their assets should be put into the sector," said Sean Corrigan, chief investment strategist at Diapason Commodities Management. "Clearly this is a very...
  • Gold surges to 25-year high on Iran concern ($660)

    05/01/2006 9:09:41 AM PDT · by DebtAndDelusion · 88 replies · 1,716+ views
    Marketwatch ^ | May 1, 2006 | Myra P. Saefong
    Gold futures surged above $660 an ounce Monday to their highest level in more than 25 years, as a weak U.S. dollar and concern about Iran's nuclear- research program fueled safe-haven buying and broad-based metals rally. "Sheer momentum, combined with a sliding U.S. dollar and heightened geopolitical concerns, greatly underpins the long-term direction for gold," said Peter Grandich, editor of the Grandich Letter, adding that while he believes a correction is "out there," he's not willing to predict it. Gold for June delivery climbed to a high of $663.80 an ounce on the New York Mercantile Exchange, a level the...
  • Likely US slowdown expected to stoke gold rally

    04/13/2006 6:48:44 AM PDT · by DebtAndDelusion · 24 replies · 741+ views
    Business Day ^ | April 13, 2006 | Charlotte Matthews
    A HIGH probability of a sharp slowdown in US economic growth and a slide in the dollar are likely to continue driving investment in gold this year, says precious metals consultancy GFMS in its Gold Survey 2006, launched yesterday. The main reason for gold’s current strength is investment demand rather than jewellery manufacturing, says GFMS chairman Philip Klapwijk. Inflationary pressure and political tension in the Middle East should also boost demand for gold. As the gold price performed well, it would attract new investors. “We’d only need to see a tiny slice of mainstream assets diverted into gold, which comparatively...
  • Investing: Go for Gold and Silver, Not Green

    03/22/2006 9:23:51 AM PST · by stainlessbanner · 85 replies · 1,908+ views
    Yahoo! ^ | March 21, 2006 | Robert Kiyosaki
    I'm very bearish on the U.S. dollar and have been for years. That's why I have so many of them. This sounds like a contradiction, but let me explain. The reason I have so many dollars, even though I think they're worth less and less, is because I don't hang on to them. In my mind, cash is trash. One of the reasons why we have this enormous gap between the world's haves and have-nots is because the have-nots value money -- they work for it, save it, cling to it, and lose it.A friend just bought a new SUV....

    03/21/2006 1:45:55 PM PST · by Travis McGee · 107 replies · 2,512+ views
    Financial Sense University ^ | March 20th, 2006 | Christopher Laird
    MASSIVE WORLD SPECULATION DOMINOS by Christopher Laird March 20, 2006 Last year, many Asian and other foreign stock markets went up as much as 50%. There is a synchronized world housing bubble that is a very analogous follow on bubble from the Japan collapses in the early 90’s, and the Fed loosening following 9-11. We had the tech bubble crash in 2000/1, and a have now a general US stock bubble that is yet to really pop. Right now, we are about at the same DOW level before the market collapses in 2001/2. There is a massive US...
  • Interest rates close to right after last hike: Fed, Bernanke

    03/21/2006 12:47:31 PM PST · by economist-student · 31 replies · 753+ views
    Reuters via Yahoo! News ^ | March 21st, 2006 | Reuters
    Federal Reserve officials felt a 14th straight increase in interest rates last month put borrowing costs near where they needed to be, but agreed they could not rule out more hikes, given inflation risks. "Although the stance of policy seemed close to where it needed to be given the current outlook, some further policy firming might be needed to keep inflation pressures contained and the risks to price stability and sustainable economic growth roughly in balance," minutes from the Fed's January 31 policy-setting meeting released on Tuesday said. The minutes said some officials believed "somewhat" higher than desired readings on...
  • How Economic News is Spun (Worst-Economy-Since-Great-Depression Alert)

    03/03/2006 10:09:19 AM PST · by SirLinksalot · 56 replies · 1,273+ views
    NewsMax.Com ^ | 03/03/2006 | Paul Craig Roberts
    How Economic News is Spun Paul Craig Roberts Friday, March 3, 2006 Readers ask me to reconcile the jobs and debt data that I report to them with the positive economic outlook and good news that comes to them from regular news sources. Some readers are being snide, but most are sincere. I am pleased to provide the explanation. First, let me give my reassurances that the numbers I report to you come straight from official U.S. government statistics. I do not massage the numbers or rework them in any way. I cannot assure you that the numbers are perfectly...
  • Letter from my Dad (May be important)

    03/03/2006 7:59:26 AM PST · by Killborn · 114 replies · 2,189+ views
    Mar 03 | KB's Dad
  • The Proposed Iranian Oil Bourse

    03/03/2006 12:41:03 PM PST · by handk · 32 replies · 1,336+ views
    Gold-Eagle.Com ^ | January 15, 2006 | Professor Krassimir Petrov, Ph.D.
    The Proposed Iranian Oil Bourse Krassimir Petrov, Ph.D.January 15, 2006 Abstract: the proposed Iranian Oil Bourse will accelerate the fall of the American Empire. I. Economics of Empires A nation-state taxes its own citizens, while an empire taxes other nation-states. The history of empires, from Greek and Roman, to Ottoman and British, teaches that the economic foundation of every single empire is the taxation of other nations. The imperial ability to tax has always rested on a better and stronger economy, and as a consequence, a better and stronger military. One part of the subject taxes went to improve the...
  • Silver shines but equities decline (Silver breaks $10/ounce! 22-year high!)

    03/02/2006 7:12:11 PM PST · by Atlas Sneezed · 299 replies · 4,046+ views
    Yahoo/Financial Times ^ | 3-2-06 | Dave Shellock
    The prospect of further rises in interest rates in the eurozone unnerved both equity and bond markets on Thursday. ... The price of silver rose to a fresh 22-year high above $10 an ounce amid expectations that a silver exchange-traded fund would soon receive US regulatory approval.
  • Dear Uncle Sam (circa 1938)

    01/29/2006 8:33:32 AM PST · by Dick Bachert · 7 replies · 529+ views
    Second Generation Vanity ^ | May 14, 1938 | Karl W. Bachert
    Coshocton, Ohio May 13, 1938 Mr. Uncle Sam c/o Henry Morgenthau, Jr. Washington, D.C. My Dear Uncle: I am in receipt of a letter dated May 5th, from Mr. Morgenthau, which letter he signed as your Secretary of the Treasury. According to the dictionary, a Treasury is, among other things, a place in which stores of wealth are deposited, and as there does not seem to be any wealth in your Treasury, it would seem that he should have signed the letter as your Treasurer of the Deficit, as, according to the dictionary, a Treasurer is, among other things, an...

    01/28/2006 7:19:25 PM PST · by hubbubhubbub · 20 replies · 1,020+ views
    financial sense online ^ | January 27, 2006 | Chris Martenson
    In a shocking development, the Treasury Department website is openly stating that as of January 24, 2006 our national debt stood at $8,185.3 billion and on January 26th at $8,190.5 billion. Yet the US national debt ‘ceiling’, the maximum amount of debt the US government may hold at any one time, stands at $8,184 billion – a full $5.5 billion less. Although called upon by John Snow, Congress has not yet passed an expansion of the debt ceiling and so the US government is now operating in technical default. You may recall that when last the debt ceiling was...
  • The Greenspan Legacy

    01/28/2006 3:34:40 PM PST · by Reaganghost · 8 replies · 252+ views
    Zeal Intelligence ^ | 1/27/2006 | Adam Hamilton
     The Greenspan Legacy Alan Greenspan has left an inflationist record that includes price fixing, market manipulations, and poor decisions that will be plaguing us for years. January 31st, 2006 marks the end of a financial era. The long-time Chairman of the Federal Reserve, Alan Greenspan, will retire after 18 years at the helm of the United States’ central bank. Widely lionized at the pinnacle of his career, Greenspan’s legacy will profoundly affect investors worldwide for many years to come. As Greenspan’s tenure as the most powerful man in the financial universe is debated among investors today and historians tomorrow, his...
  • The Fed's Money Supply Armament is Underway

    01/24/2006 11:18:19 AM PST · by Jack Black · 22 replies · 816+ views ^ | Jan 8, 2006 | by Robert McHugh
    M-3 has been launched into outer space, up another $56.3 billion last week, up $92.4 billion over the past two. This is some real horsepower. Over six weeks, the meaningless figure, ahem, is up $177.8 billion. These annualized growth rates are 28.7 percent, 23.6 percent, and 15.3 percent respectively. Those are the seasonally adjusted figures. The raw, non-seasonally adjusted, figure is up $293.3 billion over the past 12 weeks, on a pace to add 1.2 trillion in money to the economy. Wow. There must be a need for this. Maybe the master Planners see a coming need to monetize our...
  • US Government to go bankrupt next week (breaching $8.2 trillion debt ceiling)

    01/23/2006 6:04:26 AM PST · by Capitalism2003 · 42 replies · 1,156+ views