Today’s Key Gold Headlines – 9/5/13

Posted on September 5, 2013 by admin

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Marc Faber: Physical Gold Headed to New Highs

Posted on September 4, 2013 by admin

Hard Asset Investor interviewed Marc Faber last week to get his opinion of where the stock market and gold price are headed. Unsurprisingly, the publisher of the Gloom, Doom & Boom Report thinks the stock market is preparing for a large correction and gold is destined for an epic bull rally. Most importantly, he emphasized that investors should buy physical gold – not paper gold assets.

“We have had a meaningful correction [in gold]. From $1,921 in September 2011 to less than $1,200 at the bottom is a fairly large correction. But in longer-term bull markets, these kinds of corrections do occur. We had a 40-50 percent correction in 1987 in equity markets. But the bull market lasted until the year 2000.

Looking at the fundamentals, looking at how debt will continue to increase and how central banks will continue their monetization not only in the U.S. but on a worldwide scale, I assume the price of gold will trend higher. Most likely we’ve seen the lows below $1,200.”

Read the Full Interview Here

marc faber

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Today’s Key Gold Headlines – 9/4/13

Posted on September 4, 2013 by admin

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Off to the Races

Posted on September 3, 2013 by admin

Peter Schiff's Gold Letter

Peter Schiff’s September Gold Letter has been released, and it is worth noting that this will be its final edition. Stay tuned for the launch of Peter Schiff’s Gold Video Dispatch in October.

This month, Peter explains how the groundwork has been laid for an exciting autumn season in the physical precious metals market. If you’ve been waiting to buy gold, now might be the perfect time! You’ll also find an eye-opening commentary from Charles Hugh Smith and Lampoon the System’s latest jibe at the jokers who “saved” Detroit.

“Summer is traditionally a slow season for precious metals, but this summer started with a rout. In the last week of June, gold and silver hit 2-year lows of $1,192 and $18.61 respectively.

Fortunately, after staggering along the lows, the precious metals are off to the races once more – with gold rallying more than 18% and silver 28%. This remarkable performance continues even in the face of the Fed’s sustained tapering threats.

The exhaustion of short-sellers paired with insatiable global physical demand has positioned gold for an exciting conclusion to a volatile year.”

Continue Reading Peter Schiff’s Gold Letter

 

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Today’s Key Gold Headlines – 9/3/13

Posted on September 3, 2013 by admin

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Buy Gold Before the Coming Rally Leaves You Behind (Video)

Posted on August 30, 2013 by admin

CNBC’s Futures Now spoke with Peter Schiff last night about the long-term outlook for the gold market in the face of the Syrian crisis and the Fed’s talk of tapering. Peter also answered a question from the audience about the likelihood of the government confiscating physical gold in the event of a major economic collapse.

“I think we’re going to have a huge rally. I think we’re going to make new highs. I don’t think gold ever really lost that safe haven status. Only temporarily, maybe people were confused based on the rush to sell in a short window. But I think the fundamentals are fantastic and I think Syria really doesn’t make that much of a difference in the scheme of things… It’s a monetary problem that we have. We have a dollar crisis coming, a bond market collapse coming, and gold is going to be a safe haven from all of that.”

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Today’s Key Gold Headlines – 8/30/13

Posted on August 30, 2013 by admin

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Jim Rogers: Seas of Artificial Money Spell Disaster (Video)

Posted on August 29, 2013 by admin

Jim Rogers was interviewed by Reuters about how a war with Syria might affect the price of gold, but he went on to spell out the economic disaster that is yet to come thanks to a “sea of artificial free money.” In preparation, what does Jim buy? Gold and hard assets that serve as excellent safe havens in times of economic turmoil.

“When this artificial sea of liquidity ends, we’re going to see panic in a lot of markets, including in the US… This is the first time in recorded history that all major central banks have been flooding the market with artificial money printing at the same time… This has never happened in recorded history. When this ends, it’s going to be a huge mess.”

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Today’s Key Gold Headlines – 8/29/13

Posted on August 29, 2013 by admin

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Recession Never Ended for the Bottom 95%

Posted on August 28, 2013 by admin

On his blog Of Two Minds, Charles Hugh Smith published a scathing commentary on the supposed recovery from the 2008 recession. By examining a number of under-reported metrics, Smith paints a bleak picture of the ongoing recession that the government has tried to obscure with bogus GDP data.

“In other words, huge leaps in the income and wealth of the top 5% mask the decline of income and wealth of the bottom 95%. Average all wealth and income and it appears that the economy is expanding to the benefit of all, when it fact only the top 5% have escaped the recession; the recession never ended for the bottom 95%.

An even better way to create an illusory expansion is to simply not measure trends that would reveal a deepening recession.”

Read the Full Commentary Here

Income Inequality

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