By: radio.GoldSeek.com - 29 March, 2015|
Steve Forbes encapsulates the necessity for a sound, stable US dollar.
The only viable alternative is gold backed money.
The current monetary system is a sham, fiat money has no value, merely a means to facilitate wealth accumulation.
Jim Rogers wrote of the Swiss currency swoon 2 years in advance
The financial legend warns that central bankers are ill prepared to manage the highly complex markets
Printing mountains of currency merely increases the debt burden to current / future generations. Full Story
By: Michael J. Kosares - 29 March, 2015|
Let the seller beware! The German citizen/investor who put away a few rolls of 20 mark gold coins (.2304 tr ozs. shown below) in 1918 would have done so at 119 marks per ounce. By early 1920 the previous rapid inflation had suddenly given way to deflation. Had that gold owner decided to cash in on gold's significant gains thinking runaway inflation was over, a 100,000 mark investment would have made him or her a millionaire. Full Story
By: John Mauldin - 29 March, 2015|
The world has been on a debt binge, increasing total global debt more in the last seven years following the financial crisis than in the remarkable global boom of the previous seven years (2000-2007)! This explosion of debt has occurred in all 22 “advanced” economies, often increasing the debt level by more than 50% of GDP. Consumer debt has increased in all but four countries: the US, the UK, Spain, and Ireland (what these four have in common: housing bubbles). Alarmingly, China’s debt has quadrupled since 2007. Full Story
By: Jordan Roy-Byrne, CMT - 29 March, 2015|
The precious metals complex has established a floor of support over the past five months. For Gold it is around $1150/oz and for Silver it is around $15.50/oz. Pick any miner index and you’ll see the support at the November and December lows. These lows could mark a base of support from which a new bull market takes hold. On the other hand, they could also mark support that if broken could lead to a final but nasty capitulation. Full Story
By: Michael Noonan - 29 March, 2015|
So many “experts” have so much to say in correlating the current prices for gold and silver with factors like how much gold China and Russia have been accumulating, the shortages of and demand for physical PMs, hypothecating, rehypothocating [aka stealing] of gold by Western Central Banks, the record sales for gold and silver coins, world-wide, etc, etc, etc. Full Story
By: Warren Bevan - 29 March, 2015|
Stocks and markets were looking so good last weekend but their actions were to the contrary in the week just past. Weakness set in hard an continued and I had to go back to a cash position for a couple days but Friday saw some great V bottom type of patterns emerge and I’m moving back into a few stocks now for a bounce. Full Story
By: Jim Willie CB - 27 March, 2015|
Before diving into the featured topic, let it be known that the USD-based platforms and USGovt-sponsored continental trade unions are a dismal failure, poorly crafted, poorly sold. The effect will be to accelerate the gradually accelerating USDollar rejection on a global scale. The war and sanctions angle continue to support and defend the USD, but it is unsupportable (due to crippling debt) and indefensible (due to QE hyper inflation). The previous week was the most damaging in many years from a psychological standpoint. Full Story
By: Koos Jansen - 27 March, 2015|
Year to date total withdrawals have reached a staggering 561 tonnes, up 7.3 % from 2014, up 33 % from 2013. When using the basic equation for the Chinese gold market to estimate import, we learn that up until March 20 China has net imported 412 tonnes. Add to this India has net imported about 230 tonnes over the same period, that’s 642 tonnes combined. I wonder how long the Chinese can keep up this pace of importing before physical supply from Western vaults runs dry. Full Story
By: David Chapman - 27 March, 2015|
There appears to be trouble brewing along a number of fronts of which Greece might only be one of them. Above is the sinking ship known as Greece as represented by the Global FTSE Greece 20 ETF (GREK-AMEX). Greece is just one of a number of growing global problems. The problems are both economic and geopolitical. All or anyone of them could have a profound negative impact on global stock markets, gold and oil. Full Story
By: Adam Hamilton, Zeal Intelligence - 27 March, 2015|
Silver reversed sharply higher over the past week or so, surging dramatically. This was just after it had successfully retested major secular lows, ramping the odds this strong buying is the vanguard of a long-overdue major new upleg. As usual, silver’s coming gains will be fueled by gold’s own advance. As the yellow metal mean reverts higher initially on heavy futures short covering, capital will flock back to silver. Full Story
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