Tuesday, March 29, 2011

Raw Gold Shortage in China

Think about who owns the most USD reserves in the world and now think about 1 Billion plus Chinese citizens buying gold?
China is not taking the falling dollar sitting down.   BK

Video LINK


Chis Martenson: Straight Talk With Jesse

A long time favourite site of ours Jesse's Cafe Americain, talks with Chris Martenson.

A well connected and accomplished individual "Jesse", gives his thoughts on the market.



An excerpt from the interview:

We now have an economy in which five banks control over 50 percent of the entire banking industry, four or five corporations own most of the mainstream media, and the top one percent of families hold a greater share of the nation's wealth than any time since 1930. This sort of concentration of wealth and power is a classic setup for the failure of a democratic republic and the stifling of organic economic growth.   LINK...

Monday, March 28, 2011

China's Central Bank Recommends Gold

Mar. 26 2011 – 11:48 am

Believe it or not Ripley! The People’s Bank of China(PBOC) recommended yesterday that 1 billion Chinese consider buying gold as a hedge against inflation and to preserve values in a world where currencies can fall. The PBOC Financial Markets Review came out just as several major currencies were indeed declining in value against gold; the dollar,1%, the Swiss franc,2.5%, t he British pound, 2%, and the Japanese yen, 2%.

Wow! Be like the Fed telling you to buy oil stocks or crude oil futures due to expectation higher gasoline prices this summer.   LINK

Over a year ago we posted a video about the possibilities of China's Gold strategy:

Video LINK

FINALLY, US Silver Eagles Back in Stock!

Yes, that's right, we have the long awaited Silver Eagles back in stock.
10,000 available now, but I'm sure they won't last long.

Currently $4.15 USD over spot, NO shipping fees.
Call for an official quote TODAY, before we're all sold out.

Tuesday, March 22, 2011


The most common mistake most financial advisers make is they consider gold an investment and use standard investment methods to place a value on it. GOLD is NOT really an investment, it's more of an INSURANCE against a failing government currency and financial system.
This is why there's so much controversy about gold investing, people should not buy gold to make money, you buy gold to protect your purchasing power vs the cost of living and a financial system gone bad. Gold is misunderstood from the beginning because it's compared to other investments. Unfortunately many in the financial industry cannot distinguish between the two, investment or insurance. Gold has been the ULTIMATE store of value for thousands of years, and this fact CANNOT be changed because the "VALUE" of gold lies in the amount of "LABOUR" required to produce one ounce of gold. Some say it would take one man 500 years of labour and technology to produce one ounce of gold. Gold essentially does nothing, but it's the measure of which currencies compete against it that change. Think about the amount of energy and ingenuity required to remove the earth to find that RARE vein of gold, and then think about the amount of energy required to refine that gold into a one ounce coin?   BK

Please watch this video and we hope it helps you understand. VIDEO

Mega-Banks and the Next Financial Crisis

By JAMES FREEMAN: The Wall Street Journal

At the height of the housing bubble, hedge-fund manager Paul Singer was shorting subprime mortgages. By the spring of 2007, he was warning regulators on both sides of the Atlantic that the world was facing a major financial crisis.
They ignored him. Now the founder of Elliott Management says the biggest banks are headed for another credit meltdown. Among the likely triggers for the next crisis, Mr. Singer sees one leading candidate: Monetary policy "is extremely risky," he says, "the risk being massive inflation."

Mr. Singer further warns that investors shouldn't misinterpret apparently bullish signals from a rising market. "Of course printing money is going to support asset prices," but "it's very dangerous" and is not a substitute for trade, tax and regulatory reforms that make America an attractive place for job creation.

"What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts," adds Mr. Singer, who is also a major donor to conservative intellectual causes and think tanks such as the Manhattan Institute. He observes that prices for many commodities are already near all-time highs, even with "kind of a soft recovery" in the U.S. and Europe, and robust growth in Asia. "Imagine if hoarding, speculation, investment positions in [hard assets] accumulate to cause commodities and gold to go rocketing up. Wages, prices will follow," he says.   LINK...

Broad Dollar Index Continues Sinking Lower

Broad Dollar Index Continues Sinking Lower

Friday, March 18, 2011

Cheap Food is History

March 16, 2011

By P.J. Huffstutter, Los Angeles Times
Americans spend only about 10% of their annual incomes on food, compared with as much as 70% in other countries, but with prices climbing, some economists wonder whether the nation's abundance of affordable food is history.
American consumers have long enjoyed a luxury that few others could boast: an abundance of affordable food. But with prices of wheat, corn and other staples soaring, some economists and scientists are wondering how long that can last.
"Food prices have been rising a lot faster, because underlying costs have really shot up. You're seeing some ingredients up 40%, 50%, 60% over last year," said Ephraim Leibtag, a U.S. Department of Agriculture economist. "When you see wheat prices close to 80% up, that's going to ripple out to the public."   LINK...
Build relationships with your local farmer, I am!   BK

Thursday, March 17, 2011

GOLD & SILVER Bullion Coins in Your RRSP!

GOLD RRSP's Coming soon...

Finally, we have the process started to open accounts for actual gold and silver bullion coins and bars in your RRSP's.

NO, this is not like some other services out there that offer paper certificates. Our clients will have the option to physically hold the gold in their hands before it goes into the vault for storage.
It will be a limited offering, so if you're interested please call or e-mail us to reserve your spot.  BK

Wednesday, March 16, 2011

Economic Meltdown?!?

Alert: Nuclear (and Economic) Meltdown In Progress

Wednesday, March 16, 2011, 4:05 pm, by cmartenson

Deserves thoughtful consideration...LINK...
It seems to me, the world has been cursed with economic, political, natural and nuclear problems. These are the times to get your priorities straight and your financial house in order, ASAP. A wise man once said, "Better to be safe, than sorry."   BK

Gold Is The Safest Currency, Says "Godfather" Richard Russell

Sourced from: Jesse's Cafe Americain

Many call him the "Godfather" of investment newsletter writers, Richard Russell has been studying the markets for over 50 years. His opinion and advice is followed by many prudent investors.


Tuesday, March 15, 2011

Could The USD Lose Its Status As The World's Reserve Currency?

By Ambrose Evans-Pritchard 6:05PM GMT 25 Mar 2009

The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, currency chief at HSBC, said the apparent policy shift amounts to an earthquake in geo-finance.
"The mere fact that the US Treasury Secretary is even entertaining thoughts that the dollar may cease being the anchor of the global monetary system has caused consternation," he said.

Mr Geithner later qualified his remarks, insisting that the dollar would remain the "world’s dominant reserve currency … for a long period of time" but the seeds of doubt have been sown.   LINK...
One ounce of Gold today is exactly the same as one ounce of Gold a century ago. The big difference is the number of paper dollars it takes to purchase that ounce of Gold.
"The rise in Gold is NOT about the rise in Gold, it's about the USD losing confidence as the World's Reserve Currency!"     BK 

Friday, March 11, 2011

Utah Legislature Goes For Gold

By Stephen Dinan
The Washington Times

The Utah Legislature on Thursday passed a bill allowing gold and silver coins to be used as legal tender in the state — and for the value of their precious metal, not just the face value of the coins.

State backers said they hope the move will help insulate Utah from a potential monetary slide as countries question the value of the dollar. Others, casting their eye nationwide, said it could spur a broader move by Congress or states to readopt a gold standard.   LINK...
This is a VERY IMPORTANT developement. If this trend catches on in the U.S. we could be in store for a "Gold Standard" sooner than most people think. The scary part is that the price of gold will have to be adjusted to reflect the amount of money and credit created by the FED over the past few years and that number is in the TRILLIONS. This could send gold prices to the moon.  BK

Thursday, March 10, 2011

A Short History of Gold and Money

Sourced from one of our favorite blogs:  Jesse's CafĂ© AmĂ©ricain

Cheviot's Sound Money Conference
was held on Thursday the 27th January 2011
at London's historic Guildhall.
Video Link...

Dominic Frisby covers all the bases in only 20 minutes. History of money, the gold standard and why true wealth is only measured in gold. Kudos to Dominic.   BK 

Tuesday, March 8, 2011

Food Prices, A Major Concern in 2011

By Mary Gazze, The Canadian Press

TORONTO - Get ready to fork over a little more cash before you pick up your dinner fork.
Canadians will be paying between five and seven per cent more for groceries on average by the end of the year, economists say. A family that spends about $400 a month on groceries could end up paying up to $340 extra in a year.

Bad crops around the world, oil trading for more than US$100 a barrel and the economic recovery are driving prices higher.

Food companies are raising prices due to the soaring costs of key commodity ingredients like wheat, corn, sugar and vegetable oil, which have gone up as much as 50 to 100 per cent over the last year at a near-record rate.

With the United Nations blaming higher crude oil prices for pushing global food prices to an all time high, Canadians have been spared so far because of cutthroat grocery store competition and the high loonie making the cost of imported goods cheaper.  LINK...
Food and Energy folks. It's what they DON'T include in the government inflation figures, yet it's they only thing we really spend money on in retirement. Think about it!  BK

Saturday, March 5, 2011

One of the Many Reasons You Must Own Gold & Silver

Food Price Shocker on its Way

Brace yourself for a little sticker shock at your local grocery store.

That's the message from analysts as Canada's major grocers are hinting they may pass on rising commodity prices and other costs to consumers.

In the short term, shoppers could see higher prices for breads and baked goods given the rising price of wheat. And sustained increases in the cost of food commodities are expected to trickle down to every aisle of the grocery store by year's end, say analysts.

Read more: http://www.windsorstar.com/business/Food+price+shocker/4389296/story.html#ixzz1FlXwEFSC
We have been warning about this for over a year now. As energy and precious metals prices rise, so does food. It is an often over-looked part of a retirement plan or your investment portfolio, however people need to protect themselves from much higher cost-of-living prices. One of the best way to maintain your wealth and purchasing power is to own physical gold and silver. Yes, maybe my opinion is a little biased, but it's the truth.   BK

Thursday, March 3, 2011

What is Gold Telling Us?

Peter Brimelow

March 3, 2011, 2:21 a.m. EST

News of a recent stunning acceleration in Chinese imports is spreading. ( See Feb. 7 column.) This week UBS published a report saying China imported 200 metric tonnes of gold in the first two months of this year, which suggests an astonishing and bullish restructuring of the physical market.  LINK...