Monthly Archives: April 2014

Today’s Key Gold Headlines – 4/15/14

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A Glimpse into India’s Gold Culture (Audio)

Extremely high government tariffs are blamed for the slump in Indian gold demand in 2013, which allowed China to surpass India as the world’s largest gold consumer. However, there has recently been talk of easing India’s gold import tariffs, which might trigger another surge in demand for the yellow metal. Even National Public Radio has taken notice of India’s love of gold. This story, from NPR’s Morning Edition, takes a look at the vital role the yellow metal plays in the culture as a form of wealth preservation, particularly for women. Wouldn’t it be nice if Westerners had such a implicit understanding of the value of real money?

“Her stockpile of gold earrings, rings, necklaces, and hairpins is lavish but also reflects the centrality of gold in an Indian woman’s life. It’s given for pregnancies; at births; when a baby first eats solid food. It’s engrained in the cultural lexicon.”

Listen to the Full Story Here

npr india gold

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Today’s Key Gold Headlines – 4/14/14

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Look Out for Crash Like ’87 – Only Worse (Video)

On CNBC yesterday, Marc Faber laughed out loud at the idea that investors have confidence in the Federal Reserve continuing its quantitative easing tapering. More likely, he argued, they will increase the stimulus. He also said that he wouldn’t be surprised if the S&P dropped 20-30% in 2014 and that a 1987-style crash is possible in the next twelve months. Precious metals are one of the few segments of the market that Faber thinks are undervalued right now.

“I think the market is very slowly waking up to the fact that the Federal Reserve is a clueless organization. They have no idea what they’re doing. And so the confidence level of investors is diminishing… How much can the Bureau of Labor Statistics lie about the true cost of living increases in the United States and elsewhere?… Food prices are going up, energy prices are up, health care costs are up.”

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Today’s Key Gold Headlines – 4/11/14

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Prepare for a Dollar Doomsday (Video)

Jim Rickards, author of Currency Wars and The Death of Money, spoke with Bloomberg TV this week about how the Federal Reserve’s interest rate suppression is manipulating every market in the world. Want to preserve your wealth in the coming dollar collapse? Buy gold and hard assets, says Jim.

“The Fed’s insolvent… the insiders will tell you that privately, they won’t say it publicly… The ultimate backing of the dollar is confidence… Money is a perpetual non-interest bearing note issued by an insolvent central bank. How long can that go on for until people walk away from it?”

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Today’s Key Gold Headlines – 4/10/14

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US Economy Is in the Eye of a Storm

The Daily Bell recently interviewed Doug Casey about “The Continuing Debasement of Money, Language and Banking in the Modern Age.” Casey talks not just about the evils of our central banking system, but also the fundamental case for gold and the end of Western civilization as we know it.

“I don’t see a real recovery until they stop debasing the currency, radically cut government spending and taxation and eliminate most regulation. In other words, cease doing the things that caused this depression. And that’s not going to happen until there’s a collapse of the current order…

I expect that we’ll go out of the eye of the storm this year; it’s overdue, actually. The analogy I like to use is that the leading edge of the storm was in 2007, now we’re in the eye of the hurricane, and when we move into the trailing edge it’s going to be much, much worse and last much, much longer than it was in the leading edge.”

Read the Full Interview Here

doug casey

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Today’s Key Gold Headlines – 4/9/14

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In the US Economy, Even Good News Is Bad (Video)

In his latest video blog post, Peter Schiff addresses the weak non-farm payroll numbers announced on Friday and what they tell us about the true condition of the US economy. Peter believes that jobs numbers are going to keep getting worse as spring continues and that the Federal Reserve will be forced to pause and then reverse its quantitative easing. This will be extremely bullish for gold and bearish for the dollar.

“Where [a QE pause and reversal] is not expected is in the precious metals markets. Gold is still positive on the year. It’s doing better than stocks, but it has kind of been in a holding pattern since Crimea… People are trying to attribute the strength in gold this year to the uncertainties introduced by Russia in Crimea. Meanwhile, all of the strength in gold preceded that conflict.”

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