Welcome to Gold Investor Friday, October 31 2014 @ 03:30 AM EDT

"Gold Standard Not Possible In Welfare State"

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  • Wednesday, October 29 2014 @ 12:18 PM EDT
  • Views: 53
Gold There is an interesting article by Axel Merk on the Value Walk site recounting a panel discussion at the New Orleans Investment Conference from last Saturday. This conference featured the views of several investment professionals, newsletter writers, reporters, market commentators and one, Mr. Alan Greenspan - who made the prophetic comment which serves as the title of this entry. In a back and forth with Marc Faber, the former Federal Reserve Chairman lay the responsibility of the expanding welfare state on the United States Congress and their fiscal policies.

Though Greenspan did not (and understandably so) comment on the current policies of the Federal Reserve, the "Maestro" provided plenty of, one assumes candid and certainly typical Greenspanesque, opinions to question fielded during the panel discussion.

On the price of gold:
Greenspan: Price of Gold will rise
Q: “Where will the price of gold be in 5 years?”
Greenspan: “Higher.”
Q: “How much?”
Greenspan: “Measurably.”

Jim Rogers; "Sell Everything and Run For Your Lives"

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  • Friday, October 17 2014 @ 10:00 AM EDT
  • Views: 107
Other It has been a while since we've featured market commentary from Jim Rogers but here he is in a recent interview with Erin Ade of RT where he continues to be in top form. Jim seems quite bearish on all assets; including we assume gold and silver. He is still long agriculture and is an especially big fan of sugar, though we hope that his confession of swiping sugar packets from the RT studio's green room was only meant to add more colour to his investment views.

"I know another bear market will come....the next bear market will be much worse than the last one because the debt is much higher...This is the end of the bull market. (US) Stocks will fall 20%."

"We are all going to pay a terrible price for all this money-printing."

Gold ATMs in Singapore

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  • Wednesday, September 24 2014 @ 04:05 PM EDT
  • Views: 171
Gold If you happen to be in Singapore and have an urge to purchase a PAMP Suisse gold bar or two, you can swing by a brand new gold dispensing ATM to get that immediate gratification. Two "Smart Gold ATMs" were installed at the Resorts World Sentosa and Marina Bay Sands, earlier today. This initiative is being lead by a local company from Singapore, Asian Gold ATM. Their ATM will dispense gold bars/pendants ranging from one gram to one ounce which will be priced based on the daily global price of gold.

Hope these ATMs are well anchored into the ground with adequate security around.

Let them drink gold speckled grape juice

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  • Friday, September 19 2014 @ 11:13 AM EDT
  • Views: 127
Gold What would you pay for a non-alcoholic sparkling beverage that has been "suffused" with 24-karat gold? We have seen the gold leaf sandwich, which was priced at $160 but had some redeeming qualities in the form of a generous helping of lobster. While this $150 per bottle sparkling non-alcoholic white wine features grapes from Spain and Germany and some specks of pure gold. The rationale for producing this non-alcoholic sparkling wine is to hit up the wealthy Middle Eastern market where alcohol consumption is forbidden (or only allowed under strict rules), the people have a lot of money to burn and an image to maintain. Enter the Lussory Gold sparkling non-alcoholic white wine. And a quote that describes the state of things in this part of the world:

"Tony Colley, head manager of Lootah Premium Foods, told Reuters: “It has gold in it for no good reason apart from it’s fun, it’s fantastic, it’s frivolous, it’s totally Dubai.”

Have you picked up your Italian Job style gold bars?

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  • Thursday, September 18 2014 @ 03:42 PM EDT
  • Views: 117
Gold Fear and uncertainty caused by geopolitical strife, threats of terrorism and mediocre economic outlook mire most of the world. In this type of uncertain environment, it seems that the super rich are looking to get their hands on physical gold (bars) even as the (paper) price for gold continues to show weakness. Of particular intrigue is the huge increase in 12.5kg gold bars being bought by wealthy customers. These bars will run you around $491,000 a piece and are of the type seen in the popular movie "The Italian Job". The UK Telegraph reports:

"The number of 12.5kg gold bars being bought by wealthy customers has increased 243pc so far this year, when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost. "These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film 'The Italian Job'," added David Cousins, bullion executive from London based ATS Bullion."

How to test for fake gold and silver bullion

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  • Friday, September 12 2014 @ 07:00 AM EDT
  • Views: 268
Gold Not all gold and silver bullion/coins are created equal. Literally. We have long known that there was a robust fake coin manufacturing industry in China and even high value gold bars have found to be filled with tungsten. So gold and silver investors and collectors need to aware that there are many fake coins and bars floating around. Many of these fake coins are being sold as "souvenirs" but the price increase over the last 10-15 years has made this a very profitable criminal enterprise. Silver.com has put together an informative video and infographic to teach us how to detect and avoid these counterfeit gold and silver bullion products.

Harvey Organ's gold ($3k) and silver ($200) price call

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  • Thursday, September 11 2014 @ 02:35 PM EDT
  • Views: 173
Gold There are many gold and silver prognosticators out there, with many calls on future prices, but this interview of Harvey Organ by Greg Hunter of USAWatchdog.com was bolder and more provocative (some may say ridiculous) than most. His explicit call for $3,000 per ounce gold and $200 per ounce silver by the end of this year (with big spikes up after that in 2015) may be music to the gold and silver bugs ear, but you have to ask whether this is just re-enforcing the bias/view you already hold about gold. I'll give Greg credit for pushing Harvey to explain how he gets the number, and though there is some rationale in this 30 minute interview for potential physical shortages, the end number is purely arbitrary. You watch the video and make up your own mind.

Jim Rickards: We are in a multi-decade depression

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  • Saturday, September 06 2014 @ 09:36 AM EDT
  • Views: 1,013
Other Interviews and opinions of Jim Rickards have been featured on this site multiple times. In this interview with Money Morning, Rickards provides a good overview of his economic and strategic philosophy. His belief is that the US is in a long term depression, similar to one it went through between 1870-1900 and the Fed's efforts to pull the economy out of this depression through money printing are not working and distress is hidden. Every dollar of debt is only generating $0.03 of growth versus $2.41 from fifty years ago. Presentation wise, the interview come off as a bit "stiff" (mostly the interviewer) but the first half hour is well worth watching after which there is some native advertising for a version of his book The Death of Money being pushed via Money Morning, which includes some unpublished content he describes as the US government's "Day After Plan Declassified", video briefings and investing/financial advice from Rickards.

Peru's environmental (gold) crisis

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  • Tuesday, August 19 2014 @ 03:52 PM EDT
  • Views: 180
Gold Gold has strong historic links to Peru, from the days of the Inca empire to the Spanish looting of South America's gold and silver hoard. And to this data, mining plays a big part of Peru's economy. But the country also has a large number of illegal gold mining operations which pay no attention to the environment and are in fact laying large parts of the Peruvian Amazon basin to waste. Nick Miroff reports more on this in a story in the Washington Post. Its an interesting look at both the depths that people will go to, in order to extract a small amount of the yellow metal and the swift and ruthless justice that is handed out to illegal gold mining operations by the Peruvian authorities.

Finders keepers? Not always.

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  • Monday, August 11 2014 @ 09:38 AM EDT
  • Views: 186
Other Workers demolishing a hundred year old home in St. Cloud, Florida thought they had hit pay dirt when they found over 60 pounds of silver coins hidden in glass jars within the walls of the home. But alas that was not meant to be as the loot of hundreds of silver half dollars, quarters and dimes was confiscated by the local police as the last owner of the house had over half million dollars in fines and levies owed, with the city having a lien on the property.

And in a somewhat similar story, workers in Normandy, France were working on a house and came across a treasure of their own. Once again hidden in jars, these workers found six gold kilo bars and 600 gold $20 coins from 1924 and 1927 - worth a total of over a million dollars in gold - and decided to split it amongst the threesome. After selling the stash to a local coin collector, they were arrested as they came under suspicion after depositing high value cheques.
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