Dr Larry Bates was recently interviewed by Sid Roth on the current currency crisis.
Most of the issues we are facing globally are explained in his new book.
Thursday, November 20, 2008
Tuesday, November 18, 2008
Gold!
Something to cheer us up, the recession news is bad enough.
Great Chorus though!
"You are Gold,
Always believe in your soul,
You have the Power to know,
You are indestructable,
Always believing..."
...sage words.
You are indestructable,
Always believing..."
...sage words.
PS. Note the old man with the white donkey on 0.40
Looks like Jim Rogers, no?
He knew already then the importance of Gold.
( I reckon those 2 bags on the donkey
are loaded with gold nuggets!! )
GOLD VS DOLLAR
Still not convinced that the Dollar (and any other paper curency for that matter) is the cause of our economic (read: currency) crisis?
Increasing the money supply causes inflation, which leads to paying more paper currency for your goods and services, wondering why there's never have enough paper notes left at the end of the month!
Watch below clip: you will understand why...
Remark: this is NOT only related to the USA and the US$. All currencies have been floating (read: sinking) since abandoning Bretton Woods in 1971.
Increasing the money supply causes inflation, which leads to paying more paper currency for your goods and services, wondering why there's never have enough paper notes left at the end of the month!
Watch below clip: you will understand why...
Remark: this is NOT only related to the USA and the US$. All currencies have been floating (read: sinking) since abandoning Bretton Woods in 1971.
Saudis buy $3.5BN of gold in 2 weeks
There has been an unprecedented surge in Saudi gold purchases in the past two weeks with over $3.5 billion being spent on the yellow metal (Gulf News)
Gold market expert Sami Al Mohna told this buying had substantially increased the gold reserves of the country: ‘Many Saudi investors see this as the right time for making investments in gold as the price is the most reasonable one at present’.
He said gold was seen as a traditional safe haven at a time of global financial turmoil. Gulf regional stock markets have fallen very sharply since early October, leading to an exodus of cash which needs to find a safe haven.
Gold is currently trading at prices similar to a year ago, and 30 per cent off its March peak.
Saudi investors clearly think this is the right time to buy and are piling into gold.
The speculation these large physical gold transactions have been place at prices far above the spot price set in the futures market. It is very unlikely that such a large hoard of physical gold could have been bought for the depressed current price.
Market analyst Jim Sinclair has pointed out that if less than two thousand millionaires insisted on delivery of physical gold at the end of their futures contracts, as is their legal right, then the spot gold market would jump to new highs.
Click here to watch Sinclair's YouTube clip on Gold.
Saudi investors have spotted a bargain, and it may be a much better one than they think.
What about you?
Got Gold?
Gold market expert Sami Al Mohna told this buying had substantially increased the gold reserves of the country: ‘Many Saudi investors see this as the right time for making investments in gold as the price is the most reasonable one at present’.
He said gold was seen as a traditional safe haven at a time of global financial turmoil. Gulf regional stock markets have fallen very sharply since early October, leading to an exodus of cash which needs to find a safe haven.
Gold is currently trading at prices similar to a year ago, and 30 per cent off its March peak.
Saudi investors clearly think this is the right time to buy and are piling into gold.
The speculation these large physical gold transactions have been place at prices far above the spot price set in the futures market. It is very unlikely that such a large hoard of physical gold could have been bought for the depressed current price.
Market analyst Jim Sinclair has pointed out that if less than two thousand millionaires insisted on delivery of physical gold at the end of their futures contracts, as is their legal right, then the spot gold market would jump to new highs.
Click here to watch Sinclair's YouTube clip on Gold.
Saudi investors have spotted a bargain, and it may be a much better one than they think.
What about you?
Got Gold?
Thursday, November 13, 2008
Dear Ol' Jim Rogers on Gold
I just love Jim for his guts and for calling things the way they are
instead of following the main stream media babbel..
instead of following the main stream media babbel..
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