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Is This The Bottom For Gold And Silver Prices?
While we are taking the brunt of the bad European news now, and gold and silver prices are taking a beating, the good news will be coming at some point between now and November as we gear up for the coming election. As long as the stock market continues to falter, Obama will indeed play the QE3 card. Since the general public doesn’t even know what QE3 is, it’s an easy card to play. It’s like having two extra aces stuck up your sleeve that you can use at any time in a poker game. No one will notice there are 6 aces being...
read moreIs The Gold Community A Cult?
I recently was involved in a discussion centered around the gold community and their constant talk of manipulation and price suppression. There are some of us in the gold community who understand gold’s place in a diversified portfolio (insurance), have been recommending dollar cost averaging into a position for their clients rather than “all in” like most others who fear the U.S. dollar collapse, and have actually been dollar bullish (because of the Euro/Yen issues which represent 67% of the index) and bullish on Treasuries. All I do is...
read moreGoldline Pays $4.5 Million To Santa Monica Attorney and Cannot Use Word “Confiscate” Any Longer – Victory for Buyers of Gold and Silver Bullion
A victory for those of us who sell only bullion gold and silver coins at low mark ups! Click for larger image and source I have been warning investors about the gold dealers out there who charge 30% or more commission for European gold coins and other rare coins while giving the impression to investors that these coins are non-confiscatable. While there are many gold dealers who will still be able to separate you from your hard earned money by still using the word confiscate in soliciting business, Goldline International can no longer do so....
read moreRemember When A Silver Dime Bought You Two Candy Bars? Why You Need To Buy 90% Silver Bags and American Silver Eagles At Just 1% Over Cost Today
I remember as a kid buying candy bars for a nickel. When they raised the price to a dime, I said I would never buy a candy bar again. Of course that promise to myself didn’t last long, but today, a candy bar costs 20 times as much as it did in 1964 when a silver dime could buy you two of them. To put things into perspective, the dollar of today could buy you 20 candy bars in 1964. What can a dime buy you today? Well, a 1964 Roosevelt dime today can buy you $2.67 or 2 1/2 bars of candy, which sure is a lot more than what the FDR dime of...
read moreEuro and Yen Make Up 71.2% Of Dollar Index Which Is Why I Am Dollar Bullish
How many times do you hear someone who sells gold and silver be dollar bullish? Probably not very often. But when you look at what the Dollar Index represents, a basket of other currencies, it’s quite easy to be dollar bullish right now. This doesn’t mean that the dollar is any stronger as far as it’s purchasing power mind you. It just means that it will be stronger versus the main currencies that it competes against; the Euro and the Yen, which make up 71.2% of the Dollar Index. It is the Euro and the Yen that are in deeper...
read morePeter Schiff’s One Week Sale Versus Our Everyday Low Price On Gold
While writing my next article on the Euro and European bank mess, I received a solicitation email from a friendly competitor of mine, Peter Schiff (see ad below). In this email Peter was offering 1/2 ounce gold American Eagle coins at just a 5.75% premium over spot. I wanted to see where his pricing was compared to ours and it turns out our pricing is $6 less per coin. I do agree with Peter that these 1/2 ounce fractional coins are better for barter than the one ounce gold coins, but I also like the 90% silver bags which my customers can get...
read more2012 Predictions For Gold, Silver, Stock Market, Economy and Elections
Recap of 2010 and 2011 While some well known trend forecasters like Gerald Celente were predicting a crash in 2010, I was taking the opposite side saying that “I don’t see it happening as quickly as Celente does.” In September of 2010 I cautioned traders in gold and silver mining stocks to think about taking profit. The HUI at that time was trading around 525 and today, 15 months later, it is trading at 516. I also at that time said the “ProShares UltraShort 20+ Year Treasury (TBT) is in uncharted territory. What this shows...
read moreWhen There Is Blood On The Streets Buy Gold Part 2
Continued from Part 1 Most reading this might not realize that the Fed secretly gave banks and other countries $7.7 trillion during the 2008 financial crisis. The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing. The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. The reason you may not find many...
read moreWhen There Is Blood On The Streets Buy Gold Part 1
Are those that bought gold and silver panicking yet? I would hope not. My advice to dollar cost average into a position is paying off as my prediction of a stronger dollar is coming to fruition. But there are some investors who bought gold or silver the past few months that might be panicking. There is a possibility the blood on the streets is not over, but we are inching ever closer. While many other gold guru’s, the one’s who say “the dollar is toast” or “doomed” have been telling everyone to load up with...
read moreConfused About Falling Prices Of Gold and Silver? Part 2
Continued from Part 1 How Far Can the Euro Sink? There are two key areas in the charts below that we need to keep an eye on, the 6/10 low of 1.19 and the 11/05 low of 1.16. If these are breached, could it be game over for the Euro? How much money will Central Banks and the IMF throw at the Euro to keep the game going? What will France and Germany do? We already know their citizens don’t want to throw money at countries that can’t handle their own affairs through austerity. a Where Does This Leave Gold and...
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