Euro Fall and Dollar Rise Will Put Pressure On Gold and Silver Prices
Richard Russell of Dow Theory Letters fame repeats what I have been saying about the Euro, U.S. dollar and gold of late. I see the Euro fall and Dollar rise as a short term event that can put pressure on gold and silver prices moving forward. I still see $1,800 and $35 as a resistance point for gold and silver. Russell has been writing Dow Theory Letters for over 40 years and is well respected in...
Read More4 Ways Gold Dealers Rip You Off – Bait and switch tactics gold dealers use
4 Ways Gold Dealers Rip You Off Bait and switch tactics gold dealers use San Diego, Nov. 4, 2011/Buy Gold and Silver Safely/- Countless investors are paying 30% or more in commissions when gold dealers bait and switch them from buying bullion gold to buying rare or semi-numismatic coins. In today’s tough economic times, you really have to be careful with your investment portfolio. Don’t get...
Read MoreFalling Gold and Silver Prices Being Driven By Market Makers and Traders Not Fundamentals Part 3
Continued from Part 2 Banking System Similarities Just look at the banks that lend out multiples of their deposits. Once the 2008 financial crisis hit (actually well before this), the bad loans started to hit the banks. The banks don’t have enough cash on hand to cover the write-down on the assets, so they got the Financial Accounting Standards Board (FASB) to give them permission to mark...
Read MoreFalling Gold and Silver Prices Being Driven By Market Makers and Traders Not Fundamentals Part 2
Continued from Part 1 What Does All This Have To Do With Gold and Silver Prices? Most people know that trading in stocks or ETFs is not the same as trading in the actual physical metal, at least for the retail investor. But the big boys get to play the physical metals in the Over The Counter (OTC) market. From WIKI: Internationally, gold is traded primarily via over-the-counter (OTC)...
Read MoreFalling Gold and Silver Prices Being Driven By Market Makers and Traders Not Fundamentals Part 1
Every time we get a run up in the price of gold and silver of late, we seem to get it pushed right back down again like today when we see falling gold and silver prices. Sure, news of what’s going on in Europe or Japan can have some short term effects on the price of gold and silver, or even the movement of the Dollar Index, but some of the time the fall in the price of gold and silver has...
Read MorePhysical Gold or Silver – Which Metal Is A Better Investment Today?
Recently I was quoted in an article for Fox Business called; The Lowdown on Buying and Selling Silver. In this article I was quoted as recommending a 75% allocation to physical gold and a 25% allocation to physical silver for investors who are looking to insure their U.S. dollar risk of their porfolios. This diversification I first recommended when I wrote my book Buy Gold and Silver...
Read MoreFox Business Quoted Me in Article – The Lowdown on Buying and Selling Silver
Fox Business writer Michael Estrin wrote an article yesterday for the Personal Finance section, The Lowdown on Buying and Selling Silver, in which he quoted me saying how silver, like gold, is known as money and can be used as a hedge against economic uncertainty. Below is the section I was quoted (at the end of the article). An Invaluable Hedge While many investors view silver as a solid way...
Read MorePop Goes The Gold Bubble?
I always get a kick out of these articles that young writers put out when they try and tackle a subject such as gold and claim it’s in a “bubble.” To date, I have not seen one of them address the banking system mess our country is in (as well as the banks of Europe and soon most everywhere else). Another Negative Article On Gold I replied to a recent article I found on Seeking...
Read MoreBank CDs vs. Gold – Which Will Offer Better Return Moving Forward?
Many seniors today are still under the assumption that CDs at the bank are safe. Well, they are still safe today depending on which bank you hold your funds with, but the interest rates the last few years should have seniors asking the question, can I do better with my money elsewhere? Seniors could have fared better the last 10 years with a little bit of diversification into an asset that has...
Read MoreMonopoly Game Banking Versus Gold Insurance – Who Will Win?
The Monopoly game has been around since 1934. Ironically, the game of Monopoly came out at a time when the year before multiple banks had already failed and President Franklin Delano Roosevelt had declared a nationwide bank holiday to keep people from withdrawing their cash from the banks and hoarding it. How convenient was it then for the banking elite to have a game come out that people could...
Read MoreGold and Silver Confiscation Nonsense Revisited
I read an article recently from a well respected gold analyst Doug Casey where he made the following statement about the potential confiscation of gold; “The Saint-Gaudens is a collectible – and that can be very important, if and when the government starts confiscating bullion. That’s because such historic artifacts are not considered the same way modern bullion coins are – at least,...
Read MoreMy Response To Clients Worried About Gold And Silver Prices Falling
The following is an actual email I sent to a client of mine who was worried about the recent fall in gold and silver prices. I have written extensively on my website about the reasoning to own physical gold and silver and I had directed this client to read again what I wrote in Chapter 4 of my book “Buy Gold and Silver Safely.” This is the chapter that outlines what is...
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4 Ways Gold Dealers Rip You Off!
