Monthly Archives: May 2013

Peter Schiff: Currencies, Not Gold, Are the Real Risk (Video)

Today, CNBC’s Futures Now spoke with Peter Schiff about the disparate performance of paper versus physical gold in the first quarter of the year. Peter also addressed the plight of fiat currencies in the face of an international currency war and how this is also a bullish indicator for gold.

“I would say that speculative demand is what went down. I think a lot of people who came late to the gold rally were speculating in gold. They were simply buying it because the price was rising, they wanted to hop on that train… So I think the speculators have been flushed from the market in this pullback, but the investors – they’re still there. Because all the reasons that they’ve been buying gold for the past ten or twelve years, those reasons have never been stronger.”

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Today’s Key Gold Headlines – 5/16/13

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The Disconnect Between Paper and Physical Gold

Peter Schiff's Gold Letter

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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Today’s Key Gold Headlines – 5/15/13

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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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Today’s Key Gold Headlines – 5/14/13

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Watch Peter Schiff Live at the MoneyShow

Peter Schiff is in Las Vegas right now, participating in the 2013 MoneyShow convention. You can watch Peter live as he joins in two panel discussions and leads an educational seminar on how to prosper from the coming crash. See his schedule below.

Click Here to Register and Watch the Free Live Webcast

Panel Discussions

Deflation to Inflation: A Three Year Investment Road Map 
Monday, May 13
6:15 pm – 7:00 pm PST (9:15 pm – 10:00 pm EST)

The Perennial Struggle: Run with the Bulls or Hibernate with the Bears
Tuesday, May 14
7:30 am – 8:15 am PST (10:30 am – 11:15 am EST)

Educational Seminar

Investing for the Real Crash: How to Profit When America “Wins” the Currency War
Tuesday, May 14
11:15 am – 12:15 pm PST (2:15 pm – 3:15 pm EST)

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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.

Currency War China vs US

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Today’s Key Gold Headlines – 5/13/13

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Peter Schiff: Market Rallying for All the Wrong Reasons (Video)

Peter Schiff appeared on Fox Business yesterday to contend that Ben Bernanke’s easy money policies are not helping the economy, as many claim the rising stock market proves.

“People felt great as the housing bubble was inflating in 2003, 04, 05, 06 – we’re just blowing more air into the same bubble. If we had a more responsible federal reserve that wasn’t monetizing all this debt… printing money and buying treasuries and buying mortgages. If they let interest rates go to a free market price, the Dow Jones would be thousands of points lower right now.”

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