Monday, October 31, 2011

Silver Price: Silver Tsunami from India

By Dominique de Kevelioc de Bailleul
But what about silver?

As India proceeds to Vasubaras, the first day of Deepavali celebrations in the state of Maharashtra, traders and business people consider this day an auspicious one “for making important purchases, especially metals, including kitchenware and precious metals like silver and gold,” according to Wiki. As the demand for gold rises in India, silver demand rises as well.

Another factor which could drive higher India imports of silver is the high cost of gold. Malaysian news outlet, The Star, reported that the rally in the gold price has created a problem of affordability among many Indians. Many Indians have always struggled financially to purchase the sacred metal for religious ceremonies, with some families spending their entire life's savings on the wedding of their young bride. But gold has increasingly become more prohibitive to many families in India as the rally enters its 11th straight year of higher prices.

Read more:

Thursday, October 27, 2011

"The Reason to Own Gold Never Changed." Eric Sprott

From Casey Research
An in depth interview with prominent money manager Eric Sprott.

More Than Half of Canadians Are Worried About Retirement...

STOP the herd mentality and think outside the box. Everyone knows the story of the Indians leading the buffalo to stampede off the cliff. Don't be the buffalo, my friends.

Retirement savings are only as good as the currency they're measured in. When Central Banks around the world are printing money to solve problems, your so called "Retirement Plan" is worth-LESS. Not understanding how the system works and how to measure REAL value is why many are losing their shirts in the "BUY and HOLD" for the long-term strategy. The only people benefiting from this are the financial institutions, insurance companies and financial planners, if they even deserve that title? People should be more focused on sound money management (buy-low / sell-high) by taking profits and moving them to a solid store of value like GOLD! Ask yourself, why have savings in a currency that will continually lose value forever? It is the nature of all governments to expand money and credit, which eats away at your hard earned wealth. The minute you deposit money into a bank it becomes inflationary because the bank will leverage your money to provide loans.
Folks, this time will be no different than the past. History is filled with monetary collapses and revolutions, why would anyone think that the human race has changed? The only thing throughout all of history that has survived as a currency of last resort is GOLD and SILVER. They have outlasted every government, stock market, currency, and bank that has ever existed. Why even bother to challenge this axiom? Just buy NOW!    BK

The Canadian Press, On Thursday October 27, 2011, 9:44 am EDT

TORONTO - A newly released poll suggests that more than half of Canadians over the age of 45 are concerned that the sagging economy and volatile stock markets are squeezing their retirement savings.
The poll by Sun Life Financial (TSX:SLF) and the CARP seniors group, released Thursday, said 54 per cent of 5,500 CARP members surveyed were worried about the impact of economic turmoil on their financial security.
And a third of respondents said they fear losing money in their retirement accounts from recent stock market losses.

Tuesday, October 25, 2011

Is Gold The ONLY Safe Haven Asset Left?

Not long ago Switzerland, the once safest place to store money, pegged its Franc to the failing EURO and subsequently fell 10%, now the YEN is at a long-term low, according to ZeroHedge. Everyone knows the USD has lost over 90% of its value since 1971, the big question is where do people go to protect the "value" of their wealth? The stock market, bond market, cash or farmland? Could gold be the only SAFE currency left in the world? If you judge from its performance over the past decade the answer is definitely YES! Part of the reason for this is because gold is the ONLY currency that has NO counter-party risk like government. Take refuge in GOLD dear readers, it will prove to be the safest place for your wealth.   BK

Thursday, October 20, 2011

New Position Limits on Derivatives

Bart Chilton, Commissioner of the CFTC talks to BNN about the new position limits on derivatives trading. Could this be an end to the manipulation in the gold/silver market? Is this the reaction to the new Pan Asian Gold Exchange set to open soon? It's a nice idea the Bart has about FREE and FAIR markets with TRANSPARENCY, let's see if pandora's box will open on the OTC derivatives market?   BK


Monday, October 17, 2011

Lackluster Economy Could Lead to Next Gold Rush

Former economic advisor to Bush and FED Governor, Larry Lindsey talks about gold returning as a standard.   BK

10/11/11 10:35 PM EDT Updated: 10/13/11 12:16 PM EDT

An August survey by the Gallup Poll found that 34 percent of those questioned considered gold to be the best long-term investment, beating out real estate, stocks, conventional savings accounts and bonds.

Read more: