Without continuing to monetize the debt (QEIII etc), at this point I think we would head into a deflationary depression. Either way, our debt needs to be paid through austerity (deflationary), or defaulted through inflation.
Neither scenario is good, but the FED has made it clear they are trying an orderly devaluation of the dollar.
I just don’t understand why people are surprised at the actions in the precious metals given the state of the world’s reserve currency.
Showing posts with label gold investing. Show all posts
Showing posts with label gold investing. Show all posts
Wednesday, January 12, 2011
Friday, August 13, 2010
Gold Nugget Summer Sale
Over three dozen gold nuggets and gold & silver specimens are being offered at special pricing with free shipping. If you want to start or add to your collection, now is the time to act! What about that someone special? Why not get a REAL unique gift for your special loved one?
The smaller nuggets in this Summer sale allow anyone to be able to afford a real, natural gold nugget. Also, in this sale are some very nice natural silver specimens as well as polished marble showing the gold throughout the specimens.
To view the unique gold nugget sale selection, click the link below:Gold Nuggets
Tuesday, July 28, 2009
Gold - Why You Should Own Some
Will inflation be the only way to bail out an economy consumed by debt?
In the 1930s debt deflation was allowed to take its disastrous course with public spending cuts and trade barriers making an already deteriorating cycle considerably worse.
However, anybody who has just bought into the stock market rally should really think about selling and staying out for a while. This is a time to park money in gold and silver and even exit cash, although you might care to note that cash and precious metals were the best performing asset class of the 70s, while in the 30s gold was the real star.
A new global currency is not the solution. Geithner and the politicians need to curtail the explosion in Washington spending, expanding the debt and destroying the dollar but the real solution is a gold backed currency free of government manipulation.
Wednesday, July 12, 2006
Gold near 5-week high, safe-haven buying supports - Yahoo! News
Gold near 5-week high, safe-haven buying supports - Yahoo! News: "Gold near 5-week high, safe-haven buying supports By Atul Prakash
Wed Jul 12, 6:15 AM ET
LONDON (Reuters) - Gold traded on Wednesday near five-week highs, supported by firm oil prices and nervousness following bomb attacks which killed more than 180 people in India's financial hub of Mumbai.
But there was no big rush to buy as the market digested the news, with focus now shifting to the currency and oil markets and U.S. data on international trade and consumer sentiment, due on Wednesday and Friday respectively.
'It was partly stimulated by the bomb attack in India, but it was also triggered by a good-looking technical picture in the market,' Alexander Zumpfe, a metals trader at Germany's Heraeus Metallhandels-Gesellschaft mbH, said about the price surge.
'Actually there is no big change in sentiment,' he said, adding that people would see price dips as buying opportunities.
Gold climbed to $643 an ounce on Tuesday, its highest since June 5, on investment buying after a series of bombs hit at least seven packed commuter trains during the rush hour in Mumbai.
Spot gold was quoted at $642.00/643.00 an ounce by 0958 GMT, against $642.10/644.10 late in New York." For the real-time N.Y. gold spot price, visit gold miner website.
Wed Jul 12, 6:15 AM ET
LONDON (Reuters) - Gold traded on Wednesday near five-week highs, supported by firm oil prices and nervousness following bomb attacks which killed more than 180 people in India's financial hub of Mumbai.
But there was no big rush to buy as the market digested the news, with focus now shifting to the currency and oil markets and U.S. data on international trade and consumer sentiment, due on Wednesday and Friday respectively.
'It was partly stimulated by the bomb attack in India, but it was also triggered by a good-looking technical picture in the market,' Alexander Zumpfe, a metals trader at Germany's Heraeus Metallhandels-Gesellschaft mbH, said about the price surge.
'Actually there is no big change in sentiment,' he said, adding that people would see price dips as buying opportunities.
Gold climbed to $643 an ounce on Tuesday, its highest since June 5, on investment buying after a series of bombs hit at least seven packed commuter trains during the rush hour in Mumbai.
Spot gold was quoted at $642.00/643.00 an ounce by 0958 GMT, against $642.10/644.10 late in New York." For the real-time N.Y. gold spot price, visit gold miner website.
Monday, July 03, 2006
Gold Price Moves Up
Bloomberg.com: Worldwide: "Gold Rises to Near 1-Month High; ECB May Quicken Rate Increases
July 3 (Bloomberg) -- Gold rose to the highest in almost a month in London on speculation the European Central Bank will quicken the pace of interest rate increases on concern inflation is accelerating.
Investors are increasing bets that the ECB will step up the pace of rate adjustments as faster economic growth and near-record oil prices stoke inflation. Gold had its biggest one-day gain since 2001 on June 30 after the U.S. Federal Reserve indicated it may take a break from raising rates, curbing demand for the dollar and boosting the appeal of gold.
``Expectations of a stronger euro and the Fed's less hawkish comments has weakened the dollar, boosting gold,'' said Simon Toyne, an analyst at Numis Securities Ltd. in London. ``Inflation is one of the drivers of gold in the longer term.'' View natural gold nuggets at: http://www.california-gold-rush-miner.us
July 3 (Bloomberg) -- Gold rose to the highest in almost a month in London on speculation the European Central Bank will quicken the pace of interest rate increases on concern inflation is accelerating.
Investors are increasing bets that the ECB will step up the pace of rate adjustments as faster economic growth and near-record oil prices stoke inflation. Gold had its biggest one-day gain since 2001 on June 30 after the U.S. Federal Reserve indicated it may take a break from raising rates, curbing demand for the dollar and boosting the appeal of gold.
``Expectations of a stronger euro and the Fed's less hawkish comments has weakened the dollar, boosting gold,'' said Simon Toyne, an analyst at Numis Securities Ltd. in London. ``Inflation is one of the drivers of gold in the longer term.'' View natural gold nuggets at: http://www.california-gold-rush-miner.us
Wednesday, June 21, 2006
Recent slide fails to squelch gold bugs
globeandmail.com : Recent slide fails to squelch gold bugs: "VANCOUVER -- Gold may have been beaten up in recent weeks, but true believers are not losing faith.
'A $740 [U.S.] per ounce gold price is nothing -- it should be double that,' said Bill Murphy, chairman of the Gold Anti-Trust Action Committee, a Dallas-based group that tirelessly promotes a gold-price suppression theory involving central banks, trading houses and governments.
'This is Mickey Mouse stuff; the real action hasn't even happened yet.'
Mr. Murphy and other gold fans would have taken heart from the precious metal's performance yesterday, when gold prices climbed on reports of weapons testing in North Korea and continuing jitters over nuclear programs in Iran. Prior to that, gold prices had fallen for five consecutive weeks.
But yesterday, gold futures for August delivery rose $8.10 to close at $580.50 an ounce on the New York Mercantile Exchange.
Prices, which hit a high of $732 an ounce on May 12, are still up 30 per cent from a year ago despite the recent slide.
'The market's gotten enough of a liquidation, it's coming back to look at core fundamentals,' said Frank McGhee, head metals trader at Integrated Brokerage Services LLC in Chicago. 'Gold will start refocusing on North Korea, Iran and the hurricane season.'
With its reputation as a safe-haven investment, gold tends to rise in times of political turmoil or tension.
'A $740 [U.S.] per ounce gold price is nothing -- it should be double that,' said Bill Murphy, chairman of the Gold Anti-Trust Action Committee, a Dallas-based group that tirelessly promotes a gold-price suppression theory involving central banks, trading houses and governments.
'This is Mickey Mouse stuff; the real action hasn't even happened yet.'
Mr. Murphy and other gold fans would have taken heart from the precious metal's performance yesterday, when gold prices climbed on reports of weapons testing in North Korea and continuing jitters over nuclear programs in Iran. Prior to that, gold prices had fallen for five consecutive weeks.
But yesterday, gold futures for August delivery rose $8.10 to close at $580.50 an ounce on the New York Mercantile Exchange.
Prices, which hit a high of $732 an ounce on May 12, are still up 30 per cent from a year ago despite the recent slide.
'The market's gotten enough of a liquidation, it's coming back to look at core fundamentals,' said Frank McGhee, head metals trader at Integrated Brokerage Services LLC in Chicago. 'Gold will start refocusing on North Korea, Iran and the hurricane season.'
With its reputation as a safe-haven investment, gold tends to rise in times of political turmoil or tension.
Thursday, June 15, 2006
Big gain in Gold!
Gold Has Biggest Gain in a Month as Dollar Drops; Silver Climbs
June 15 (Bloomberg) -- Gold had its biggest gain in a month as the dollar fell against the euro on speculation reports today will show a slowdown in U.S. economic growth. Silver rose as much as 6.6 percent.
The U.S. Federal Reserve may say industrial production probably grew 0.2 percent in May, according to the median of 76 forecasts in a Bloomberg News survey of economists. That would follow a 0.8 percent April gain. A Labor Department report may also show jobless claims rose last week. Gold is rebounding from a three-month low, as the weakening dollar encouraged investors to buy precious metals as alternative investments.
``Gold is moving on the back of the dollar,'' said David Gornall, head of foreign exchange and bullion at Natexis Commodity Markets Ltd. in London. ``The correlation between the dollar and gold seems to be more important now.'' "
June 15 (Bloomberg) -- Gold had its biggest gain in a month as the dollar fell against the euro on speculation reports today will show a slowdown in U.S. economic growth. Silver rose as much as 6.6 percent.
The U.S. Federal Reserve may say industrial production probably grew 0.2 percent in May, according to the median of 76 forecasts in a Bloomberg News survey of economists. That would follow a 0.8 percent April gain. A Labor Department report may also show jobless claims rose last week. Gold is rebounding from a three-month low, as the weakening dollar encouraged investors to buy precious metals as alternative investments.
``Gold is moving on the back of the dollar,'' said David Gornall, head of foreign exchange and bullion at Natexis Commodity Markets Ltd. in London. ``The correlation between the dollar and gold seems to be more important now.'' "
Monday, June 05, 2006
Gold Price Slide Over?
Gold May End 3-Week Slide on Speculation Dollar Will Decline
June 5 (Bloomberg) -- Gold may end its three-week slide on speculation the dollar will drop against the euro and yen, boosting the metal's appeal as an alternative investment to U.S. stocks and bonds.
Fifteen of 28 traders, investors and analysts surveyed by Bloomberg News from Sydney to Chicago on June 1 and June 2 advised buying gold, which fell 2.5 percent last week in New York. Five recommended selling, and eight were neutral.
Gold is up 24 percent this year as the dollar fell 7.7 percent against a basket of six major currencies. The Standard & Poor's 500 Index climbed 3.2 percent this year, and Treasuries have lost 1.6 percent. Traders say that U.S. Treasury Secretary nominee Henry Paulson will continue a Bush administration push for a weaker dollar.
``Investors are going to start realizing the U.S. is on a deliberate campaign to debase the dollar,'' said Peter Schiff, chief executive officer of Darien, Connecticut-based brokerage Euro Pacific Capital, which manages about $400 million. ``When the dollar comes under a lot of pressure, there's a very strong case for owning gold.'' "
Gold nugget sales and museum size gold nuggets - visit: http://www.california-gold-rush-miner.us/
June 5 (Bloomberg) -- Gold may end its three-week slide on speculation the dollar will drop against the euro and yen, boosting the metal's appeal as an alternative investment to U.S. stocks and bonds.
Fifteen of 28 traders, investors and analysts surveyed by Bloomberg News from Sydney to Chicago on June 1 and June 2 advised buying gold, which fell 2.5 percent last week in New York. Five recommended selling, and eight were neutral.
Gold is up 24 percent this year as the dollar fell 7.7 percent against a basket of six major currencies. The Standard & Poor's 500 Index climbed 3.2 percent this year, and Treasuries have lost 1.6 percent. Traders say that U.S. Treasury Secretary nominee Henry Paulson will continue a Bush administration push for a weaker dollar.
``Investors are going to start realizing the U.S. is on a deliberate campaign to debase the dollar,'' said Peter Schiff, chief executive officer of Darien, Connecticut-based brokerage Euro Pacific Capital, which manages about $400 million. ``When the dollar comes under a lot of pressure, there's a very strong case for owning gold.'' "
Gold nugget sales and museum size gold nuggets - visit: http://www.california-gold-rush-miner.us/
Wednesday, May 24, 2006
5.4% Gold Spot Price Drop!
Bloomberg.com: Commodities: "Gold Falls 5.4 Percent, Most in 12 Years; Wide Price Swings Deter Buyers May 24 (Bloomberg) -- Gold in New York tumbled 5.4 percent, the most in 12 years, as wide price fluctuations drove investors out of the market. Gold last week declined 7.6 percent, the most since 1990, amid speculation a five-year rally was ending. The metal has fallen 13 percent from a 26-year high of $732 an ounce on May 12. ``You're getting these whipsaw moves,'' said Michael Guido, director of hedge fund marketing and commodity strategy at Societe Generale in New York. ``It's freaking a lot of people out. If this keeps up for the next week, the market's going to dry up.'' Gold futures for June delivery fell $36.20 to $637.50 on the Comex division of the New York Mercantile Exchange, the lowest in almost a month. The percentage drop was the biggest since August 1993. Prices still have gained 53 percent in the past year. Investors are putting money in cash and waiting for broad price changes to end before buying again, some analysts said. Gold Falls 5.4 Percent, Most in 12 Years; Wide Price Swings Deter Buyers May 24 (Bloomberg) -- Gold in New York tumbled 5.4 percent, the most in 12 years, as wide price fluctuations drove investors out of the market. Gold last week declined 7.6 percent, the most since 1990, amid speculation a five-year rally was ending. The metal has fallen 13 percent from a 26-year high of $732 an ounce on May 12. ``You're getting these whipsaw moves,'' said Michael Guido, director of hedge fund marketing and commodity strategy at Societe Generale in New York. ``It's freaking a lot of people out. If this keeps up for the next week, the market's going to dry up.'' Gold nugget sales and museum size gold nuggets - visit: http://www.california-gold-rush-miner.us
Friday, May 05, 2006
Gold Prices Rise on Surging Euro
Gold Prices Rise on Surging Euro - Yahoo! News: "CHICAGO - Gold prices rose Friday, drawing support from a U.S. jobs report that sent the euro soaring to a one-year high.
June gold rose to $686.50 an ounce on the New York Mercantile Exchange moments after the monthly report on U.S. non-farm payrolls, stopping just shy of the fresh 25-year high of $687 hit in overnight trading.
In mid-morning trading, the contract was at $680.50 an ounce, up $4 from a day earlier.
July silver was up 5.5 cents to $13.88 an ounce after an overnight high of $14.14.
The gains are due to 'sheer momentum, combined with a weakening U.S. dollar and no real sign of any lessening of the geopolitical tensions worldwide,' said Peter Grandich, analyst and publisher of the Grandich Letter."
Please visit our website to view some stunning California gold nuggets.
June gold rose to $686.50 an ounce on the New York Mercantile Exchange moments after the monthly report on U.S. non-farm payrolls, stopping just shy of the fresh 25-year high of $687 hit in overnight trading.
In mid-morning trading, the contract was at $680.50 an ounce, up $4 from a day earlier.
July silver was up 5.5 cents to $13.88 an ounce after an overnight high of $14.14.
The gains are due to 'sheer momentum, combined with a weakening U.S. dollar and no real sign of any lessening of the geopolitical tensions worldwide,' said Peter Grandich, analyst and publisher of the Grandich Letter."
Please visit our website to view some stunning California gold nuggets.
Tuesday, April 25, 2006
$6,000 GOLD??
Faber says gold price may reach $US6000 - Business - Business - smh.com.au: "Faber says gold price may reach $US6000
By Mike Firn and James Poole in Tokyo
April 26, 2006
MARC FABER, who told investors to bail out of US stocks a week before the 1987 Black Monday crash and began recommending commodities at the end of 2001, said gold might rise tenfold in the next 10 years.
'If the Dow Jones [index] goes up three times in the next 10 years, I think gold prices will go up by a minimum 10 times to something like $US6000 an ounce,' said Faber, 60, who founded Hong Kong-based Marc Faber Ltd and manages about $US200 million ($268.3 million).
The author of the newsletter The Gloom, Boom & Doom Report said gold wasn't expensive when 'you compare its price to the quantity of money that has been printed in the last 10 to 15 years in the US and the world in general'."
View natural gold nuggets at:
http://www.california-gold-rush-miner.us
By Mike Firn and James Poole in Tokyo
April 26, 2006
MARC FABER, who told investors to bail out of US stocks a week before the 1987 Black Monday crash and began recommending commodities at the end of 2001, said gold might rise tenfold in the next 10 years.
'If the Dow Jones [index] goes up three times in the next 10 years, I think gold prices will go up by a minimum 10 times to something like $US6000 an ounce,' said Faber, 60, who founded Hong Kong-based Marc Faber Ltd and manages about $US200 million ($268.3 million).
The author of the newsletter The Gloom, Boom & Doom Report said gold wasn't expensive when 'you compare its price to the quantity of money that has been printed in the last 10 to 15 years in the US and the world in general'."
View natural gold nuggets at:
http://www.california-gold-rush-miner.us
Friday, April 21, 2006
Gold, Silver Prices Rebound
Gold, Silver Prices Rebound - Yahoo! News: "NEW YORK - Gold and silver futures strengthened Friday, rebounding from Thursday's profit-taking declines.
Recent supportive influences are still at play for the metals, especially for gold, such as worries about Iran's nuclear program, rising energy prices, and the recent softer tone in the dollar.
Higher energy prices have been stoking inflation worries, while a weakening dollar makes gold a more attractive investment option."
Recent supportive influences are still at play for the metals, especially for gold, such as worries about Iran's nuclear program, rising energy prices, and the recent softer tone in the dollar.
Higher energy prices have been stoking inflation worries, while a weakening dollar makes gold a more attractive investment option."
Gold Price Predictions and natural gold nuggets all at: http://www.california-gold-rush-miner.us/
Tuesday, April 11, 2006
GOLD Over $600.00
Investor - News: "LONDON, April 11 (Reuters) - Gold jumped above $600 an ounce to its highest in 25 years and silver set a new 23-year peak above $13 on Tuesday as funds and investors widened their exposure to surging commodities.
They poured money into precious metals to diversify their portfolios on worries about inflation, tensions in the Middle East and uncertainties over the dollar's outlook because of the U.S. trade and budget deficits, analysts said.
'At the moment, I wouldn't try to bet against the continuation of the rally,' said Wolfgang Wrzesniok-Rossbach, head of precious metals marketing at Germany's Heraeus.
'In terms of fundamentals, it shouldn't be here. In terms of charts, there is not much you can see. It's certainly speculative money which flows here into all precious metals.'"
Gold nugget sales and museum size gold nuggets - visit: http://www.california-gold-rush-miner.us
They poured money into precious metals to diversify their portfolios on worries about inflation, tensions in the Middle East and uncertainties over the dollar's outlook because of the U.S. trade and budget deficits, analysts said.
'At the moment, I wouldn't try to bet against the continuation of the rally,' said Wolfgang Wrzesniok-Rossbach, head of precious metals marketing at Germany's Heraeus.
'In terms of fundamentals, it shouldn't be here. In terms of charts, there is not much you can see. It's certainly speculative money which flows here into all precious metals.'"
Gold nugget sales and museum size gold nuggets - visit: http://www.california-gold-rush-miner.us
Friday, April 07, 2006
Gold Pulls Back
NEW YORK, April 7 (Reuters) - Gold futures in New York tumbled from a 25-year high on Friday morning, pressured by speculator and trade selling as the dollar climbed after a closely watched U.S. jobs report and as oil prices eased.
Market sources said that investors were pocketing part of the heady gains seen this week across the precious metals group when prices surged to multi-decade highs.
Silver moved lower, after stretching up to a new 22-year peak above $12 an ounce, on further speculative buying. Platinum and palladium also pulled back.
"The gold market reaching that $600 level I think might be encouraging a little profit taking," said James Quinn, commodities commentator for AG Edwards & Sons in New York. "And, I think that we're coming off on the jobs report and it's the end of the week and you have a lower oil price."
Gold for June delivery fell $9.60 to $590.10 an ounce by 10:41 a.m. EDT on the New York Mercantile Exchange's COMEX division.
Gold nugget sales and museum size gold nuggets - visit: http://www.california-gold-rush-miner.us/
Market sources said that investors were pocketing part of the heady gains seen this week across the precious metals group when prices surged to multi-decade highs.
Silver moved lower, after stretching up to a new 22-year peak above $12 an ounce, on further speculative buying. Platinum and palladium also pulled back.
"The gold market reaching that $600 level I think might be encouraging a little profit taking," said James Quinn, commodities commentator for AG Edwards & Sons in New York. "And, I think that we're coming off on the jobs report and it's the end of the week and you have a lower oil price."
Gold for June delivery
Gold nugget sales and museum size gold nuggets - visit: http://www.california-gold-rush-miner.us/
Wednesday, April 05, 2006
Australia could be biggest gold producer - Breaking News - Business - Breaking News
Australia could be biggest gold producer - Breaking News - Business - Breaking News: "Australia could become the world's number one gold producer at a time of record high gold price if exploration was increased, a conference has heard.
West Australian resources minister John Bowler said gold was currently out of the spotlight due to a focus on other commodities such as iron ore and nickel.
'But I don't think gold has come and gone,' he told a the Paydirt gold conference in Perth.
'I think it will have a future for forever and a day.'
Australia currently sits behind rival gold producer South Africa in the list of top gold producing countries and last year produced about 169 tonnes of gold."
Please visit our website to view some stunning California gold nuggets.
West Australian resources minister John Bowler said gold was currently out of the spotlight due to a focus on other commodities such as iron ore and nickel.
'But I don't think gold has come and gone,' he told a the Paydirt gold conference in Perth.
'I think it will have a future for forever and a day.'
Australia currently sits behind rival gold producer South Africa in the list of top gold producing countries and last year produced about 169 tonnes of gold."
Please visit our website to view some stunning California gold nuggets.
Sunday, March 19, 2006
China to open theme park dedicated to gold - Yahoo! News
China to open theme park dedicated to gold - Yahoo! News: "BEIJING (AFP) - Gold-hungry China plans to open what it has billed the world's first theme park dedicated entirely to the precious metal, state media reports.
Construction of the theme park kicked off Saturday near a working mine at Rushan city, east China's Shandong province, the Xinhua news agency said.
When the 3.6-square-kilometer (1.4-square-mile), 200-million-yuan (25-million-dollar) park is completed, it will allow visitors to watch gold being mined and processed.
It will also include a DIY area where the visitors themselves can be gold miners for a day, according to the agency.
China is the world's third-biggest market for gold after India and the United States, according to the World Gold Council, an industry organization.
Last year, Chinese demand for gold rose eight percent to more than 250 tonnes, the council's data showed."
Please visit our website to view some stunning California gold nuggets.
Construction of the theme park kicked off Saturday near a working mine at Rushan city, east China's Shandong province, the Xinhua news agency said.
When the 3.6-square-kilometer (1.4-square-mile), 200-million-yuan (25-million-dollar) park is completed, it will allow visitors to watch gold being mined and processed.
It will also include a DIY area where the visitors themselves can be gold miners for a day, according to the agency.
China is the world's third-biggest market for gold after India and the United States, according to the World Gold Council, an industry organization.
Last year, Chinese demand for gold rose eight percent to more than 250 tonnes, the council's data showed."
Please visit our website to view some stunning California gold nuggets.
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