Monthly Archives: April 2013

Today’s Key Gold Headlines – 4/24/13

Posted on April 24, 2013 by admin

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Global Run on Physical Gold and Silver?

Posted on April 23, 2013 by admin

Wealth Wire posted an article today that conveniently overviews the numerous reports about massive physical precious metals sales all around the world. Metals dealers large and small, as well as major mints, are experiencing supply shortages. While we’re not sure if a true run on physical precious metals is imminent, all the evidence suggests that the sooner you take advantage of these bargain prices, the better.

“The crash of the price of paper gold on Monday has unleashed an unprecedented global frenzy to buy physical gold and silver.

All over the planet, people are recognizing that this is a unique opportunity to be able to acquire large amounts of gold and silver at a bargain price. So precious metals dealers now find themselves being overwhelmed with orders in the United States, in Canada, in Europe and over in Asia. Will this massive run on physical gold and silver soon lead to widespread shortages of those metals? Instead of frightening people away from gold and silver, the takedown of paper gold seems to have had just the opposite effect. People just can’t seem to get enough physical gold and silver right now.

Those that wish that they had gotten into gold when it was less than $1400 an ounce are able to do so now, and it is absolutely insane that silver is sitting at about $23 an ounce. If the big banks continue to play games with the price of gold, we are going to see existing supplies of physical gold and silver dry up very quickly. And once reports of physical shortages of gold and silver become widespread, it is going to absolutely rock the financial world. But this is what happens when you manipulate free markets – it often has unintended consequences far beyond anything that you ever imagined.

The following are 10 signs that the takedown of paper gold has unleashed an unprecedented global run on physical gold and silver…”

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Today’s Key Gold Headlines – 4/23/13

Posted on April 23, 2013 by admin

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Peter Schiff: Record Physical Gold Sales (Video)

Posted on April 22, 2013 by admin

Peter Schiff appeared on Fox Business this morning to talk about the market’s perception of gold, the extraordinary surge in gold sales this month, and hidden inflation in the US and Japan.

“Gold has been up for 12 consecutive years. It’s entitled to a correction. It’s incredible how the media has jumped all over this… We’re still at $1,400. I think it’s a bit premature for the people who have been advising their clients not to buy gold for the past decade to be patting themselves on the back.”

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Today’s Key Gold Headlines – 4/22/13

Posted on April 22, 2013 by admin

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Walter Block on Gold and Sound Money

Posted on April 19, 2013 by admin

Casey Research recently published an interview with Walter Block, a well-known Austrian economist who teaches at Loyola University and is a Senior Fellow of the Ludwig von Mises Institute. Block talked at length about the gold standard, the Federal Reserve’s disastrous money printing, and just how bad the economy really is. Enjoy!

“I think it was Lenin who said that the best way to destroy an enemy is to debauch that country’s currency. That’s what these guys are: currency debauchers. Ben “the paper hanger” Bernanke is going berserk with his quantitative easing. There’s no more quantitative easing one, two, or three, its quantitative easing forever. Every month, billions of new dollars are pumped into the economy.

So the last thing the government wants is this barbaric relic to limit their spending to what they can actually tax and borrow. And that, of course, is why people like you, me, Doug, and like-minded others, favor the gold standard; we want the government handcuffed, so it can’t go around spending money it doesn’t have on unnecessary wars and other destructive and counterproductive things governments like to do.”

Continue Reading the Interview

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Today’s Key Gold Headlines – 4/19/13

Posted on April 19, 2013 by admin

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The Sober (And Fundamental) Reasons to Own Gold

Posted on April 18, 2013 by admin

In his latest piece on Forbes, Richard Lehmann reviews the simple, intelligent, historical reasons for owning gold, and argues that a sell-off by short-term speculators has not changed gold’s fundamentals.

“Not to own gold is to trust government at all levels and in all times to be able to do the right thing to maintain the economy on a steady course and manage the affairs of man in a fair and orderly manner. I could stop there and have won the argument, but that would not be fair to gold’s critics, so let me give them some things they can shoot at.

Gold is criticized as a relic of the past, but that is precisely why it is still so relevant. At no time in history has it lost its appeal as a store of value and, in fact, it represented the universal money until nation governments and warfare made the creation of paper money a necessity.”

Continue Reading the Full Commentary

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Today’s Key Gold Headlines – 4/18/13

Posted on April 18, 2013 by admin

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Peter Schiff vs. Kudlow: Dollar Crisis or Recovery? (Video)

Posted on April 17, 2013 by admin

Yesterday, on CNBC’s Kudlow Report, Peter Schiff made the case that the economy is not improving, that inflation is worse than reported, and that a dollar crisis lies ahead.

“The money is being printed, that is the definition of inflation. We are expanding the money supply… Prices are rising. Everybody who shops knows that. But eventually you’re going to see much higher increases in consumer prices. The government isn’t going to be able to hide that with the CPI and the government is going to be in a box… One way or another we’re going to have this dollar crisis. It’s not a matter of if, it’s a matter of when.”

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