This was an article I wrote about Greece and how they exactly are being bailed out by the IMF/U.S. taxpayer. Back then, the debt in the U.S. was just over $12 trillion. Today, the debt in the U.S. is approaching $15 trillion. Greece is now in the process of writing down their debt by 50% by the beginning of 2012. …
Read More0Oct
18
2011
Whether it’s Bernanke and Geithner, today or Greenspan and Snow of years past, the Fed will always do what they do best, interfere in the markets. But how effective are they? Author’s Note: Seeking Alpha, a financial website, did not allow this article to be posted on their site. They claim they are not biased against gold, but their editors …
Read More0Oct
14
2011
Physical Gold or Silver – Which Metal Is A Better Investment Today?
By: Doug Eberhardt
Category: Gold
Tags: $1, 000 ounce silver bar, 1% over spot, 90% silver bags, buy gold, buy silver, DOW, gold american eagle, silver american eagle, silver or gold, stocks or gold
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 …
Read More0Oct
12
2011
Fox Business Quoted Me in Article – The Lowdown on Buying and Selling Silver
By: Doug Eberhardt
Category: Gold
Tags: buy gold, Buy Gold and Silver Safely, buy silver, Doug Eberhardt, Fox Business, Michael Estrin, Personal Finance, precious metal diversification, silver or gold
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 …
Read More0Oct
11
2011
Pop Goes The Gold Bubble?
By: Doug Eberhardt
Category: Gold
Tags: Budget deficit, buy gold, buy silver, debt, Deflation, gold bubble, gold prices 2011, Gold Prices falling, Inflation, Obama, Seeking Alpha, U.S. economy
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). …
Read More0Oct
7
2011
Bank CDs vs. Gold – Which Will Offer Better Return Moving Forward?
By: Doug Eberhardt
Category: Gold
Tags: bank cd's, better return, buy gold, certificates of deposit, gold versus cd, gold verus fiat money, is your bank safe
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 …
Read More0Oct
5
2011
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 …
Read More0Sep
30
2011
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 …
Read More0Sep
26
2011
My Response To Clients Worried About Gold And Silver Prices Falling
By: Doug Eberhardt
Category: Gold
Tags: banking crisis, derivatives, gold bubble, Gold price falling, Silver bubble, silver price 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 …
Read More0Sep
20
2011
The video below is living proof that CNBC journalists don’t understand gold. While some in the video have gone on to other jobs or have passed on, they have been part of a trend at CNBC of continued ignorance along with other financial advisors as to how gold fits into a diversified portfolio. Most of this ignorance comes from their adherence to …
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