The outlook for silver is getting brighter by the day according to many people. It is certainly worth taking a look.
Mine Web.com
Wednesday, September 30, 2009
Tuesday, September 29, 2009
Silver Super Bull Market
This is more an ad, but it makes some great points. Folks, one thing to remember about gold and silver, there are some very powerful sources out which desire and must control the price of both. To understand investing in these commodities one must understand that those practicing Keynesian economics see both as major obstacles. Keynesian is reliant on controlling the currency, thus the reason for dropping the value of the dollar based on the gold standard. So, keeping investors away from these commodities and in paper currency is critical to the survival of Keynesian economics. Anyhow, this is a very short overview and look for a more extensive explanation from either me or a video from the godfather, Milton Freidman.
Monday, September 28, 2009
CNBC Gold Talk
Here is a video off CNBC concerning gold...Beware sometimes such places are not gold friendly.
Friday, September 25, 2009
Why to Buy Gold from the Casey Report
More reasons to buy gold, from one of the best around.
The Casey Report
The Casey Report
Wednesday, September 23, 2009
China Going Nuts Over Gold and Silver
Reports are flying all over the business world that the Chinese government is creating a gold and silver rush in the homeland. According to the website MineWeb.com, the national television of China is promoting the ease and importance of individuals purchasing gold and silver. This a dramatic shift for a government that just a few years ago prohibited individuals from owning precious metals. It is also an indication that government has the metals and are looking for buyes. Add this to Bloomberg report about China increasing their gold and silver positions and it appears the Reds are turning colors.
Even more interesting was a report from David Gallard of the Casey Report that China has become nervous with their holdings in the American Dollar and have apparently begun exchanging the cash for gold.
The circumstantial evidence that a big player is on the gold scene is overwhelming; the rapid increase in gold prices is a clear indicator. Second, there have been reported shortages around the world, meaning someone is buying large quantities. Gallard noted in his article last year the he called the Northwest Territory Mint and inquired about gold. The receptionist after sometime, noted to Gallard the Mint was back logged 30,000 orders, not money, but orders and new orders would take 16 weeks to process. Add this to the US Mint halting sales of the American Gold Eagle and it appears the demand is certainly extreme.
So what does this all mean? It is looking more and more like the floor for any correction is rapidly going up. It also means the boom in gold looks alive and strong. If China is in fact moving in this is good news for gold and silver investors. It is bad news for the American dollar, a currency that continues to get hammered on the international scene.
Tuesday, September 22, 2009
Two Educational Videos From Jim Rogers on Gold and Banking....
I always like to post videos...Here is one that offers some interesting thoughts about the fundamentals of commodities. The other is concerning letting banks fail. Both are from Jim Rogers.
Monday, September 21, 2009
Time to Buy Silver....
Well maybe not right now as the spot price of silver today closed over $16 per troy ounce. This is up $4 in the last few months as silver has followed its' older brother gold, up, up and away. The question is should we be buying silver?
The answer to this conundrum is; drum roll, up to the individual buyer. My personal belief is to wait a few months and wait hopefully for the silver price correction. The problem with waiting is maybe the correction will never come and you are left on the sidelines. On the flip side, the purchase is made, the correction comes and almost instantly, the investment is down $5-8 dollars.
Regardless of the claims, nobody can predict when or if the correction is coming, so the advice I follow; look for bargains.
Like any other product, silver will be put on sale, by different dealers around the nation. So, search the Internet daily looking silver sales and those great silver coin offers.
One such place is APMEX.com. I am not endorsing any dealer, but APMEX has a very interesting collection of Mexican silver coins. I find these coins to be both valuable and historical.
The value comes in the silver bullion and the fact the coins are coming out of Mexico. Mexico is rich in history, with a long laundry list of Wild West type stories, making them a historian's dream.
Then of course there are the Silver American Eagle and Silver Maple Leaf, these coins currently hold one purpose; silver bullion. They remain easy to buy and trade with a world wide popularity. However, if a collector is interested in historical value, they should look at the Morgan and Peace Dollars. Both are a very popular coin and hold a rich historical value.
Regardless of when or what silver you decide to purchase, the main point is seriously considering moving into silver as the underlying indicators continue to point towards a sluggish economy, such as high unemployment and the continued struggles of the dollar. So, with that I say happy silver hunting and go out and find those bargains.
The answer to this conundrum is; drum roll, up to the individual buyer. My personal belief is to wait a few months and wait hopefully for the silver price correction. The problem with waiting is maybe the correction will never come and you are left on the sidelines. On the flip side, the purchase is made, the correction comes and almost instantly, the investment is down $5-8 dollars.
Regardless of the claims, nobody can predict when or if the correction is coming, so the advice I follow; look for bargains.
Like any other product, silver will be put on sale, by different dealers around the nation. So, search the Internet daily looking silver sales and those great silver coin offers.
One such place is APMEX.com. I am not endorsing any dealer, but APMEX has a very interesting collection of Mexican silver coins. I find these coins to be both valuable and historical.
The value comes in the silver bullion and the fact the coins are coming out of Mexico. Mexico is rich in history, with a long laundry list of Wild West type stories, making them a historian's dream.
Then of course there are the Silver American Eagle and Silver Maple Leaf, these coins currently hold one purpose; silver bullion. They remain easy to buy and trade with a world wide popularity. However, if a collector is interested in historical value, they should look at the Morgan and Peace Dollars. Both are a very popular coin and hold a rich historical value.
Regardless of when or what silver you decide to purchase, the main point is seriously considering moving into silver as the underlying indicators continue to point towards a sluggish economy, such as high unemployment and the continued struggles of the dollar. So, with that I say happy silver hunting and go out and find those bargains.
Thursday, September 17, 2009
Wednesday, September 16, 2009
Gold Price...Where's It Going?
If I could answer the question of where gold is going, well then I wouldn't be posting on this blog. Instead I would be sitting on the beach, with my lovely wife, sipping a Corona. However, all indications are pointing to up, up and up for gold prices.
Now here are some reasons to start buying gold.
Let's take a look at the world around us. First, the banking system remains unstable at best. The problems which hounded the financial system remain in place. No, not lack of regulations, but the continued increase of it. Barney Frank is insistent on keeping Freddi Mac and Fannie Mae alive and kicking. This in essence allows the government to continue pressuring or allowing banks to continue making the borderline loan an easy transaction. So long as these two government entities are buying up bad loans, banks will continue giving them, keeping the entire situation unstable. Secondly, as the dust continues to settle, look for the financial sector to be monopolized by a select few; aided by the government.
This is nothing more than one symptom of an infested economy. Perhaps the looming 800 pound gorilla is the policy of printing money to pay for the debt. This practice can have devastating effects on the economy, creating hyper-inflation. The theory is simple, more money dilutes the value of the dollar, pushing up the prices of goods and services at a rapid price.
The strain on the investment class or rich, is growing to a breaking point. As the policies of this nation create more and more debt, taxes must and will be raised. This will drain money from those who can create wealth and place it squarely in the hands of the government, which cannot create wealth.
Finally, America's debt is no longer an in-house debt. Folks, our debtors are foreign nations specifically, China. This has in essence created a situation where our actions must be explained, at the least, to a foreign government. This situation is self explanatory.
The foundations of the American economy are rattled and this means one thing; gold. The top investors will continue running to gold, so as common investors, follow them. I am not supporting a complete pull out of the stock market, but instead shift a percentage of investment money into gold. It is the wise and prudent action until we have clarity to the direction of the new economy.
Now here are some reasons to start buying gold.
Let's take a look at the world around us. First, the banking system remains unstable at best. The problems which hounded the financial system remain in place. No, not lack of regulations, but the continued increase of it. Barney Frank is insistent on keeping Freddi Mac and Fannie Mae alive and kicking. This in essence allows the government to continue pressuring or allowing banks to continue making the borderline loan an easy transaction. So long as these two government entities are buying up bad loans, banks will continue giving them, keeping the entire situation unstable. Secondly, as the dust continues to settle, look for the financial sector to be monopolized by a select few; aided by the government.
This is nothing more than one symptom of an infested economy. Perhaps the looming 800 pound gorilla is the policy of printing money to pay for the debt. This practice can have devastating effects on the economy, creating hyper-inflation. The theory is simple, more money dilutes the value of the dollar, pushing up the prices of goods and services at a rapid price.
The strain on the investment class or rich, is growing to a breaking point. As the policies of this nation create more and more debt, taxes must and will be raised. This will drain money from those who can create wealth and place it squarely in the hands of the government, which cannot create wealth.
Finally, America's debt is no longer an in-house debt. Folks, our debtors are foreign nations specifically, China. This has in essence created a situation where our actions must be explained, at the least, to a foreign government. This situation is self explanatory.
The foundations of the American economy are rattled and this means one thing; gold. The top investors will continue running to gold, so as common investors, follow them. I am not supporting a complete pull out of the stock market, but instead shift a percentage of investment money into gold. It is the wise and prudent action until we have clarity to the direction of the new economy.
Friday, September 11, 2009
Media Buzzing About Gold Prices
As the dollar continues to sink, the price of gold continues going up. This week the Chinese commented they are concerned about the continued printing of more US dollars. Least we not forget the Chinese are nearly as powerful as we, because they hold our debt. Now when they talk, investors are listening and this means trouble for the US Dollar and good times for gold. Add in the fact it appears some form of health care reform is coming, one the United States cannot sustain, and the outlook of the dollar is bleak.
Do a Google search this morning take a look at what's coming up. I wanted to link on here but there is some bug keeping me from linking.
Do a Google search this morning take a look at what's coming up. I wanted to link on here but there is some bug keeping me from linking.
Price of gold
Wednesday, September 9, 2009
Friday, September 4, 2009
Gold Racing to New Highs
Gold is racing towards $1000 per troy ounce an amazing early September run. Silver is matching that run going up $16 per troy ounce. Now, don't look for either to sustain these highs. However, the floor isn't going to drop out either.
Clearly investors are quickly losing, assuming they ever had it, confidence in the central banking system and the current administration. The constant talk of health care, cap and trade and now a tax on traders, is fueling this doubt and creating even greater concern about the health the dollar. Toss in the fears of a jobless recovery and what we have are jittery investors running towards gold.
So what does this mean for the common gold investor? If you are heavy in gold snag some profits, if not hold off buying. Wait for the correction which could come anytime and then jump in. The price will go back to somewhere between $950-900 mostly because the demand for gold jewelry is not there. But, as the economic troubles continue, unemployment hitting a 26-year high, gold will continue the climb upward.
Clearly investors are quickly losing, assuming they ever had it, confidence in the central banking system and the current administration. The constant talk of health care, cap and trade and now a tax on traders, is fueling this doubt and creating even greater concern about the health the dollar. Toss in the fears of a jobless recovery and what we have are jittery investors running towards gold.
So what does this mean for the common gold investor? If you are heavy in gold snag some profits, if not hold off buying. Wait for the correction which could come anytime and then jump in. The price will go back to somewhere between $950-900 mostly because the demand for gold jewelry is not there. But, as the economic troubles continue, unemployment hitting a 26-year high, gold will continue the climb upward.
Thursday, September 3, 2009
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