Wednesday, March 28, 2012

House Panel OK's Gold and Silver as Legal Tender

by Meg Kinnard:  Associated Press

COLUMBIA, S.C. — South Carolina residents would be able to use gold and silver coins as currency under a bill advanced Tuesday by a House panel.
The measure approved by the House Judiciary Committee would let people use the precious metals as money as long as businesses agree to take them. Legislators had made the argument that they didn't want to force businesses to take the metals and have to figure out the worth of the coins from one day to the next and amended the bill to remove such a requirement.

Read more here:

Thursday, March 22, 2012

Keiser Report: Central Banks Buying Gold in This Correction

Max says Central Banks are buying gold big time and says it's the only way to protect your assets.  BK

Saturday, March 17, 2012

Marc Faber Says EVERYONE Should Own Some Precious Metals For Insurance

Chris Martenson interviews Marc Faber: LINK
Key Points:
  • Keep your gold and silver in private vaults.
  • Look at gold and silver as your insurance.
  • The FED will continue to print money.
  • Precious Metals are still undervalued.

Thursday, March 8, 2012

Why Warren Buffett hates gold?-On the Edge with Max Keiser-03-02-2012

We addressed this on our website in February, here is an essay by Hon. Howard Buffet, Warren's father.

Tuesday, March 6, 2012

"Dr Doom" sees Iran-Israel clash, says buy precious metals

By Sitaraman Shankar
DUBAI (Reuters) - Political risk in the Middle East has increased significantly with war between Iran and Israel almost inevitable, and precious metals and equities investments offer some safety, Swiss money manager and long-term bear Marc Faber said on Tuesday.   LINK...
Remember the USA put sanctions on Iran in November of 1979 and gold more than doubled from $400 to $850 in January 1980. With similar tensions building in Iran, could we see the same this time around? After such a violent drop in the metals recently we suggest this is a GREAT buying opportunity right now, for long-term investors! BK

Saturday, March 3, 2012

Utah House OKs More Gold Changes

The Utah Legislature isn’t quite done with gold as currency yet.
On Friday, the House approved a resolution to support the state’s freshly minted law that allows business to be conducted in precious metals as opposed to traditional U.S. currency, and another bill passed that would more easily allow both sales and capital gains taxes in gold. Both now move to the Senate.