The Chain of Custody Behind Gold is Breaking

January 4, 2012 | By Tekoa Da Silva

A candid interview with Ned Naylor-Leyland

In response to the current sell-off in gold, Ned commented, “You’ve got to bear in mind, they’re just selling leveraged paper, no one is selling physical. There is just a tsunami of paper selling in order to maintain the illusion of fiat value…and it will be overcome…the physical buying will ride over the paper selling.”

He further stated that this sell-off, “gives [investors] an opportunity to diversify and hedge themselves at a reasonable level, because in due course we’ll get a huge move and the market will have recognized what is really going on...we’ll get some kind of event in the market which will drive price discovery and a change in the way markets behave in one fell swoop. The substantial illiquidity of gold and silver will prove to be a big problem for asset allocators and people trying to come in at that point.”   LINK...

FED Bailout of Europe

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And the money printing continues. What a coincidence, gold rallies on the first trading day of the new year? As many that we follow have said; the bailouts, stimulus, QE etc, will continue and gold will be your ONLY asset to protect the TRUE VALUE of your wealth.   BK

New Record For American Silver Eagles

January 3, 2012 By Michael Zielinski

Sales of the United States Mint’s gold and silver bullion coins rose for the month of December 2011, reversing the slow down experienced in the previous month. Annual sales totals include a new record for American Silver Eagle bullion coins.   LINK...