Gold Bullion

“The Euro Crisis, Will There be any Money Left”

Euro Crisis, Federal Reserve, Gold Bullion, Hyper Inflation, Inflation, Markets, Precious Metals No Responses »

Jun 272012

History repeats itself, that is the saying. And with The Euro Crisis Today, Will There be any Money Left? Like so many generations before us, people start off with trading tangible assets, may it be copper or bronze or silver or gold, This is substituted with paper money and derivatives. It then gets abused by politicians, law makers and such. The outcome? Inflation, deflation and economic turmoil. Everyone is suffering from it, the rich, the middle class and the poor.

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Farage told KWN that ‘What you may see is a very desperate European Union begin to put in place capital controls and things like this … In a sense the proposal that is on the table next week, which is coming from Van Rompuy and Barroso, would be the first step toward that repression.” Farage also discussed the action in the gold market, but first, here is what Farage had to say about the crucial meeting in Europe next week: “I would be very, very surprised at that big summit next week, which incidentally I have a ticket to, not that I’ll be the most popular person in the building, but I just don’t think there is going to be an agreement of any great significance next week. I just don’t see it happening.

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Farage continues to say that:
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I hold to the theory that at some point in time, the markets are just going to overwhelm all of this, and then we will face the IMF global bailout situation. It would be better to admit we’ve made a terrible mistake and take losses on the money we’ve already foolishly thrown in and say, ‘Let’s start again boys.’

According to Farage there is something worst overhanging all of this in the banking system which is very much beyond our control. Farage continues…
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The total amount of money that is needed to shore up the Spanish banking system is more like 400 billion (euros), some people even think 500 billion (euros). The trouble is that if Europe was to do that they would be penniless. Because in theory they’ve got that money in their stability mechanism, although in practice all they’ve got are commitments from countries to put money in. The cash isn’t actually there.

So you throw trillions (of euros) at the thing, but six months later you find that the economy is still contracting, we’re still heading into a downward spiral, unemployment is getting worse, people are rioting on the streets and demanding a different solution.

At the end of the day there is no way that these countries are not going to go back to their own currencies that float on the exchanges. What all of that means is that all of this money that’s been chucked in through the European Union and through the IMF, most of it in the end is going to be lost.

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Farage also said that people thought communism would end sooner that it would because of its total failure. But through repression, they managed to keep the whole thing together.

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What you may see is a very desperate European Union begin to put in place capital controls and things like this.”
In a sense the proposal that is on the table next week, which is coming from Van Rompuy and Barroso, would be the first step toward that repression. If they are able to put together a debt union from a European Union, if they are able to have total control over individual member states’ budgets and all of the rest of it, then we are heading very, very rapidly down that road towards repression.
Frankly, that’s the only way they can win now. The only way they can win is to take away from the citizens the ability through the ballot box to do anything about this. They are hellbent on doing it, but they know the electorates, particularly in the North of Europe, are, with every passing day, beginning to realize their little scheme, and we know the markets have no confidence in them.

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Farage has been a long time gold investor. Here is what he thinks about gold.
“Given the mess that we’re in, and given this threat that we could possibly be facing a 1931-type movement, you have to be in this market. Got to be long gold, no question about it.”

After The Euro Crisis, Will There be any Money Left? , Greece could default, and Spain are getting there bailout, Italy will follow and just now Cyprus have asked for a 4 billion bailout package. so is this a domino effect, we are borrowing from our future generations.
We should go back to gold, start preserving your wealth by investing in gold and silver.

click here for the full article.

Gold Price down, great

Gold Bullion, Gold News, Gold Price, Hyper Inflation, IMF, Inflation, Precious Metals No Responses »

Apr 242012

This last week was a not so good for the Gold Price, but that depends on what way you want to look at it, It’s a great time to buy, this is a good dip, Gold has been used for 5000 years, and barter was one of the most common ways to pay for goods, well Iran and China are planning on trading Gold for fuel. This is the beginning of using gold as money, Here is a caption from Vicky Kapur’s article explaining and giving details on the current scenario in the gold market.

Gold Price down, great

Spot gold prices fell more than half-a-per-cent to $1,632.30 per ounce at 11.35am UAE time (7.35am GMT) this morning even as traders remain concerned over fresh debt tensions in the Eurozone and lackluster trading a day before the Indian gold buying festival Akshaya Tritiya.

According to Dubai Gold and Jewellery Group’s morning rates, gold is currently at a two-week low. While 24ct gold is being retailed at Dh196.50 per gm, 22ct gold is going for Dh184.75/gm and 18ct gold is available at Dh150.75 per gm in Dubai, the city of gold.

However, according to some analysts, this may be the only window available for medium-term investors to buy gold at these prices as China, arguably the world’s only working-condition growth engine, is reportedly mulling paying for Iranian oil in gold to avoid US-led sanctions on Iran trade, which kick in on June 28, 2012.

According to reports, Iran has already offered China and India – its leading oil purchasers – oil in exchange for goods other than their local currencies like wheat, soy and other consumables including white goods.

Logically, however, Iran won’t be able to meet all its foreign goods need through such a barter mechanism, besides the fact that it will need to save a share of the proceeds for future use. That brings gold, the ultimate store of capital, into the picture.

China purchased 454 tonnes of gold over a six-year period between 2003 and 2009 (besides adding about 100 tonnes in December 2002), and come July 2012, it will perhaps make the most use of its ballooning gold reserves.

India, on the other hand, holds 557.7 tonnes of gold reserves, having bought 200 tonnes of gold from the International Monetary Fund (IMF) in October 2009.

And these are just two (admittedly largest) of Iran’s oil importers. If more countries decide to join the gold-for-oil bandwagon to avoid choosing between plying their cars on the road and a head-on collision with the US, it’s anybody’s guess to where the precious metal prices may end up in the second half of 2012.

If you want to read more about this article, click here.

As the Gold price has fallen again today investors who are anxious to protect their assets against the rising inflation and fiat currency debasement should take this opportunity to invest in gold now before gold price rise up again.

Inflation and its ill Effects

Currency, Dollar, Federal Reserve, Gold Bullion, Gold News, Inflation No Responses »

Apr 122012

Inflation and its Ill Effects

As Alan Greenspan once said that in the absence of gold standard, there is no way to protect ones savings from confiscation in the form of inflation. Inflation in short is simply robing people of its money; it takes in a form of a gradual and subtle reduction of people’s purchasing power through paper currency devaluation.

It has also been foreseen by the late president Thomas Jefferson that that entrusting a countries financial issue to bankers is too dangerous. As he once said “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around (these banks) will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.”

As we currently experience the ill effects of inflation and dollar devaluation, we can say that Jefferson and Greenspan’s words on inflation is true. The reality about inflation is that it is indeed a theft since its gradually an ongoing basis that diminishes people’s purchasing power.

But despite this current dilemma of the people, still the Federal Reserve’s goal is to engineer and maintain inflation (through certain policies) for their greater advantage. They rob people the worth of their money, and transfer it to bankers who can borrow large sums of money on a lower or zero interest rate. As a result we now have a higher consumer price index rise than before the gold standard was abolished. Meaning, products that you could buy for only $10 way back in 1913 now cost you more than $220.

Basically higher inflation rates enslave people. It steals from savers, it results in higher taxes, it puts lenders on a disadvantage position that results in higher risk investments. With the ongoing increase in oil price, global geopolitical conditions and tensions between certain countries, it is presumed that inflation is unavoidable and will still continue to rob us blindly. All of these are due to our dependence on fiat money currency.

$8000 per Gold once

Bullion Storage, Currency, Dollar, Euro Crisis, Federal Reserve, Gold Bullion, Gold News, Gold Price, Gold Price Video, Hyper Inflation, Inflation No Responses »

Mar 152012

In this great interview with James Turk from Gold Money, he predicts that the Gold price will reach up to $8000 per gold once between 2013 and 2015. The gold price is been manipulated to make the dollar look good, Only a small amount of the population understand that the currencies are in trouble and they are investing in gold, but as the printing of money continues, which is diluting the currencies thus reducing the peoples buying power ,when people become aware of this they will

Turn to gold and the gold price will surge. Panic buying will be the next step, so with this priceless information its time to buy regardless of the price now,

The gold price is less that $ 2000 per once, that’s the way to look at it.

When you see that the gold price is rising , this is a sign that there is a problem with the monetary system, and also there is not much gold leaft in the world, the production of gold is not meeting the demand.

Prohibition of gold was introduced in the USA in 1933 and some fear that it could happen again, this is why its safer to store your gold in different places around the world. Gold Money are one of the best gold bullion dealers in the world, they offer storage in different worldwide locations, I have bought gold and silver through Gold money and I store it in there Swiss vaults, this has been suggested to me by the Elevation Group as its a the safest bet, especially as its in Europe so not so far away but not in the Eurozone which is unstable.

Billionaire warns investors To Buy Gold Now

Currency, Gold Bullion, Gold News, Gold Price, Inflation No Responses »

Feb 232012

So when a world famous Billionaire warns investors To Buy Gold Now. Im paying attention.

Also the fact that the Chinese are buying massive amounts of Gold now is a sure sign that is going up, simply because the demand that’s been created is going to outweight the production.

Mr. John Paulson, the billionaire hedge-fund manager of Paulson & Co. has already foreseen that this scenario will get even worst, and that Investors Must Buy Gold Now to Protect their Assets before the gold price rises again.

Here is Brittany Stepniak to give us some details about why this is a great time to invest in gold.

Billionaire warns investors To Buy Gold Now

Billionaire hedge-fund manager John Paulson has warned investors to buy gold now, before it surges yet again…

Not surprisingly, Paulson isn’t the only one who agrees with this statement.

U.S. gold futures speculators haven’t been this bullish since September when the Fed was considering purchasing more bonds and the Bank of England and Japan said they’d be buying more assets.

Consequently, central banks are significantly increasing the bullion reserves – the added 439.7 tons last year alone, the most in nearly half-of-a-century. That equates to over 4,000 tons of gold in 2011 worth about $205 billion.

Half of those gold bullion purchases are coming from India and China, says Albert Chang, Far East managing director at the World Gold Council.

Global financial market uncertainty has spiked investor interest from all over the globe, especially in developed countries with growing middle classes.

The financial mess here in the States has Mark O’Byrne, executive director of GoldCore Ltd., sincerely worried about the threat of inflation. With the uncontrollable aspect of government spending to take into consideration, gold seems to be the only safe-haven with lasting value.

According to Mr. O’Byrne, “Gold is a crucial diversification given the various risks out there.”

Ultimately, the demand for the precious yellow metal only going to continue climbing…

Currently, demand is outstripping supply, causing gold prices to sky-rocket.

For read more about this article, click here.

Governments around the globe have already made precautionary measures and have already started buying and storing gold. Again gold demand continues to increase, so the gold price also increases.

Therefore let me say it again Billionaire warns investors To Buy Gold Now,

Is Gold in a Bubble ?

Currency, Dollar, Federal Reserve, Gold Bullion, Gold News, Gold Price, Gold Price Video, Inflation No Responses »

Feb 222012

Alot of people “who don’t invest in Gold “ say that gold is in a bubble, so is Is Gold in a Bubble ?

Well yes its TRUE, but every Top investment is in a bubble and that bubble eventually

Bursts, the trick is to get in early and get out before it bursts that’s the way the successful ultra rich do it. And when gold is less than $ 2000 an once then that’s

called opportunity, early days, especially when some very prominent investors believe gold can still go to 10.000 and even see the Gold Price go to $20,000, its time to do some research into Gold investing.

If you study the history of fiat currencies, you will discover that they usually have a 40 year run, and the dollar is at the end of its run, the USA are 16 trillion in debt and there printing money to ease the problem, diluting the dollars power and realistically killing it. Yes the death of the dollar is coming and this is why you have to invest in Gold, gold is not going to lose it s value, especially in times of economic crisis.

Investors Are Demanding More Gold

Currency, Gold Bullion, Gold Coins, Gold News, Gold Price No Responses »

Feb 202012

Despite last year’s high precious metal price it does not stop investors getting into gold investment. Moreover as the inflation in developing markets continues, coupled with currency debasement and deflation, venture capitalist search for more stable form of investment such as gold and silver. Thus, Investors Are Demanding More Gold this coming year.

With this, here is Eric McWhinnie to give us some insight about this increasing demand in the precious metals market.

Investors Are Demanding More Gold

The annual value for gold demand in 2011 equaled $205.5 billion, an all-time high and a 29 percent gain above the 2010 value. Jewellery accounted for $99 billion in gold demand, while investment demand was close behind with nearly $83 billion. Interestingly, the majority of investment demand value was due to physical bar and coin demand, which represented $75 billion. As more investors remain skeptical and lose confidence in the global financial system, they turn to physical gold for protection. The annual report explains, “The bar and coin story is one which has traversed borders led by China, India and Europe, but other markets have also participated in terms of relative growth rates. Store of wealth demand, diversification, negative real deposit rates, the threat of inflation in developing markets, deflation in developed markets and currency debasement have all contributed to driving up demand over the last few years.”

In 2011, the average price of gold averaged $1,571 per ounce, which was more than 28 percent higher than its 2010 equivalent. Record high gold prices also failed to significantly curtail the appetite for industrial demand. The technology sector demanded 463.5 tonnes of gold in 2011, down from 466.4 tonnes in 2010, but still above the 456.3 tonne average of the preceding five year period. Within the sector, electronic demand increased from 326.9 tonnes in 2010 to 330 tonnes in 2011. The dental segment is the one area that appears to be affected by rising gold prices. Dentistry gold demand fell 10 percent year-over-year to 43.8 tonnes

Even though 2011 was filled with volatility and higher gold prices, the world still craves the only world reserve currency that can not be printed. The current trends that have fueled the 11-year gold bull market remain in place. Furthermore, gold prices continue to receive additional support as central banks not only devalue fiat currencies, but also purchase gold themselves. In the past two years, central banks have purchased more than 500 tonnes of gold. Read the full story here.

As gold bars and gold coins are a more tangible form of investment and is more secure than stocks, and with the current situation in certain markets, it is understandable why Investors Are Demanding More Gold this year.

As more and more investors are getting into precious metal ventures as a way to protect their assets, it is expected that that great opportunities for capitalist will arise as the demand for gold and silver bars and bullion coins increases.

Central Banks buying More Gold

Gold Bullion, Gold News, Gold Price, Inflation No Responses »

Feb 172012

Central Banks buying More Gold

When you see that the Central Banks are buying more Gold then it is a sure sign that something is wrong and it is a result from the fact that there printing money.

Gold is a save haven in todays economic crisis, It is a currency that is free from the impact of government policy and intervention. Just before the end of the year the Chinese Central Bank bought significant amount of gold bullion, and also near the end of 2011 the South Korean Central Bank bought 25 tonnes of gold bullion $1.24 billion’s worth. These are just 2 examples of hand of central banks buying gold.

So here is David Walker from Europeinvest to share some knowledge on what the central banks are up to.

Central banks, whose money printing activities are fuelling fears of inflation and driving investors to gold as an un-manipulated store of value, bought bullion themselves last year at the fastest annual rate since 1964.

They thus continued the net buying trend they began in mid-2009.

The World Gold Council said “the two dominant reserve currencies are beset with issues [leading to] interest in gold as the one currency free from the impact of government policy and intervention”.

Central banks bought net 440 tonnes, accounting for about 10% of last year’s global volume growth of 4067 tonnes.

Investment was the main driver as investors sought safe harbours against possible inflation and economic upheaval.

Investors and jewellery accounted for 933 tonnes.

The WGC predicted demand would remain high this year because of low or negative real interest rates in many developed world countries, and the existence of inflation in emerging economies such as India, China and Vietnam.

Over the past two years central banks bought 500 tonnes – the WGC highlighted and central banks’ wish to diversify reserves, promote financial market stability and preserve national wealth all suggested buying might continue.

A slowdown of the economy, and potentially private buying, in China could be offset by demand from India, which has “a number of auspicious days in the 2012 Hindu calendar relative to recent years”.

Last year was a rollercoaster for gold holders. A 30% rally by September to $1,895 per troy ounce then gave way to weakness, and a 19% pullback to $1,531.

It is now $1717. Germany’s DekaBank said today it expects $1720 over three months, and around $1800 over both six and 12 months.

The WGC noted the gold price was about twice as volatile as its long-term average. From a low point in June of 22-day rolling volatility at just below 10%, it spiked to above 35% in September, before ending the year at around 25%.

The price was made more volatile in the closing three months of last year partly by strong selling of gold ETF positions as poorly performing hedge fund holders raised cash to meet redemptions.

According to regulatory filings detailing their largest positions, and Bloomberg, Paulson & Co. Cut its $3.2bn holding of SPDR Gold Trust by 15%, the $6bn Vinik Asset Management reduced its own $500m position, while Tudor Investment Corp cut its gold position also.

But not all hedge funds have been sellers. Soros Fund Management has doubled how many SPDR gold shares it held during the fourth quarter, though it trimmed gold mining equities.

Read full story

It is a good sign for gold bullion investors when the Central Banks are buying more Gold,
The fact they are buying Gold instead of selling it indicates that they know that the price is going to go up. It also indicates that the demand is higher and they plan to profit from higher prices. But whats disturbing is that it can mean they intend to increase inflation. So really its time to buy gold because the signals are there that the price is just going to go one direction. UP