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- Smack MacDougal on Jim Grant: Gold Is a Bet against Fiat Money (Video)
Category Archives: Outside Commentaries
A New Asian and Global Gold Hub (Video)
Enjoy this CNBC interview with Mark Smallwood, Head of Wealth Planning at Deutsche Asset & Wealth Management, APAC. Smallwood discusses Deutsche Bank’s recent announcement that it will be opening a new gold vault in Singapore with a 200-ton capacity. With Singapore recently announcing that it would remove government sales tax on gold and precious metals, Smallwood stressed the important role this new vault plays in turning Singapore into a regional and global hub for trading gold. Combine this with the recent news that the London Metals Exchange has talked about moving to Hong Kong and you might start to wonder how long before all the real money ends up in the East.
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Jim Rickards: Currency War Simulation (Video)
Enjoy this fascinating video in which Jim Rickards narrates a possible storyline of an international currency war crisis. Take note of how important a role gold plays in the escalation of economic hostilities and ask yourself if you’d rather be stuck owning precious metals or fiat currency.
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Jim Rogers on Madness at the Fed (Video)
This week on CNN Money, investor Jim Rogers had a friendly debate with University of Pennsylvania Professor Jeremy Siegel about the true cause of the booming stock market. Rogers, like Peter Schiff, knows the Fed’s money printing is the only thing supporting this so-called bull market.
“This [bull market] is because of money printing… This is the Federal Reserve and the central bank in Japan and the central bank in England and the central bank in Europe printing staggering amounts of money. This is unprecedented. Never in world history has every major central bank printed money at the same time and desperately tried to debase their currency.”
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Ron Paul on Gold’s Volatility and Enduring Value
Forbes just published an exclusive interview with Ron Paul, conducted by Kitco News. Paul spoke about how precious metals investors shouldn’t get caught up watching the short-term trends in gold. Instead, he keeps an eye on the failing purchasing power of the dollar.
“‘It is up and down, and it has been doing that a lot lately,’ Paul said. ‘If (investors) are in gold for a short time to make a quick killing that ought to make them very nervous,’ he said of gold’s recent correction in April…
Paul said that historically there have been high periods of volatility but it is important to look past these short-term corrections. Looking back, Paul reflected that in the 1970s gold went up to almost $200 an ounce then plummeted back down to close to $100 an ounce two years later.
‘Everybody thought the world had ended for gold,’ he said. Paul added these should have been seen as simply corrections in a roaring bull market.”
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Jim Grant: Gold Is a Bet against Fiat Money (Video)
Enjoy this interesting CNBC interview with Jim Grant in which he analyzes the ambiguous statements coming out of the Fed this week. He doesn’t think the Fed is likely to unwind QE anytime soon, and that this experiment in unprecedented money printing will likely end in disaster. However, Grant does point out that gold is the perfect hedge against a collapsing currency.
“[Gold is] money. It certainly is a hedge against unscripted outcomes of monetary affairs. It is an investment in the tendency of government issued paper money to depreciate in value. It’s an investment in that…”
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Posted in Interviews, Outside Commentaries, Videos
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Doug Casey on Gold Conspiracies and Fluctuations
The Daily Bell published an extensive interview with Doug Casey of Casey Research last weekend. Casey expounds on gold in depth, including a lengthy dissection of gold price manipulation theories. He then moves on to talk about the dollar, the euro, and the state of the global economy in general.
“I’m not concerned about gold being down because markets fluctuate. And considering that gold’s been in a bull market for a dozen years, I’m very unconcerned about the fact that it’s come off. All the fundamentals that underlie the bull market are still in place…
Personally, I’m no longer dealing in gold in the futures markets, but I do buy gold almost every month and sometimes significant quantities of it. I don’t see gold as a trading vehicle, but rather as the only financial asset that’s not simultaneous”
Click Here to Read the Full Interview
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Posted in Interviews, Outside Commentaries
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The Disconnect Between Paper and Physical Gold
There’s still time to read this month’s Gold Letter, which contains a fascinating commentary by Bud Conrad at Casey Research in which he explains the difference between the paper and physical gold markets and their influence on the recent turmoil in the price of the yellow metal.
“Previously, there was little difference between the physical and paper markets for gold. Yes, there were premiums and delivery charges, but everybody regarded the futures market as the base quote. I believe this is changing; people don’t trust the paper market as they used to.
Instead of capitulating to fear of greater losses, the demand for physical gold has hit new records. The US Mint sold a record 63,500 ounces – a whopping 2 tonnes – of gold on April 17 alone, bringing the total sales for the month to 147,000 ounces; that’s more than the previous two months combined. Indian markets, which are more oriented to physical metal, now have a premium of US$150 over the futures price in Chicago. Demand at coin dealers has increased as the price has dropped. And premiums are much bigger than they were as recently as a week ago.”
Continue Reading the Full Commentary
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Silver Institute’s April Silver News
The Silver Institute made their April 2013 Newsletter available online. The publication has a handful of interesting articles about the latest technology in the silver industry, as well as new silver investment products on the market. Here’s a few of the highlights:
- Q&A about the future of nanosilver with Rosalind Volpe, Executive Director of the Silver Nanotechnology Working Group.
- Sunshine Minting, Inc. (SMI), is incorporating a sophisticated security
feature into its 10 and 1-ounce bars and rounds, and plans to include
it in other sizes as well. - An explanation and history of the London Silver Fix.
Click Here to Read the April 2013 Silver News
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US vs. China – Who Is Winning the Currency War?
Gold bars might leave a big bruise, but who is really hurt by the ongoing trend of Eastern countries ditching their US dollar reserves in favor of gold? Enjoy.
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Posted in Outside Commentaries
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Don’t Fall for Fool’s Gold
A little humor to brighten up your Friday.
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