Goodbye Paper Money (Dollar) - Hello Real Money (Gold)
Published Nov 11, 2012 on Goldbroker
“Goodbye Dollar, hello Gold” or, we could say “Goodbye Paper Money – Hello Real Money”.
We have for some time warned investors that the era of the dollar as a reserve currency is coming to an end soon and that the strongest and safest currency is gold. All currencies are hopelessly declining in value against gold and this trend will accelerate in the next few months and years, starting now.
Voltaire’s statement from 1729 that “All paper money eventually returns to its intrinsic value – ZERO” is now ringing as true as ever. We show in the graph below the decline of major currencies against gold since 1900. The US dollar, Euro (DM), Pound and Yen have all declined between 93% and 99% against gold in the last 109 years. With the money printing soon reaching Zimbabwean proportions it will not be long until many paper currencies will reach their intrinsic value or in other words become worthless.
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Turkish Prime Minister Says that Gold should Replace the Dollar
Published Nov 13, 2012 on Goldbroker
During his visit in Indonesia, Recep Tayyip Erdogan, Turkey’s Prime Minister, has suggested to the International Monetary Fund to replace the dollar by gold when lending to troubled countries.
He has also stated that IMF interventions have often had dire consequences for the countries involved with those plans.
So Erdogan asks why the IMF is using dollars instead of gold, which has proven throughout the centuries its ability in maintaining a constant value.
The IMF should not be using a currency that is tied to a sole country’s interests : the United States.
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Silver and gold were the best assets to own during President Obama's tenure
Published Nov 13, 2012 on Goldbroker
Deutsche Bank macro strategist Jim Reid charts the best-performing asset classes since President Obama was elected on November 4, 2008.
It is no surprise that gold, silver, oil and corn are at the very top of this list.
Over the past four years, Silver has returned 200% and Gold 120% in dollar terms, following the printing of dollars by the Federal Reserve in its attempt to breathe life into the economy through quantitative easing.
Silver and gold were the best assets to own during President Obama’s tenure. Reid writes, "In brief you've wanted to be in Silver and Gold and not in Greece, Italian or European bank equities during Obama part 1."
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French Mint Issues New Gold Coin : Selling for 66.6 euros/gram
Published Nov 14, 2012 on Goldbroker
The Monnaie de Paris (the French Mint) has just issued a new 75-gram gold coin for a sales price of 5,000 euros, or 66.6 euros a gram.
The spot price of gold on the day this coin was put up for sale was 44 euros a gram, meaning a difference of 22.6 euros per gram... an enormous premium to acquire physical gold.
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Egon von Greyerz:
Published Nov 11, 2012 on Goldbroker
Egon von Greyerz, founder of Goldswitzerland.com (Matterhorn Asset Management) and member of the board of directors of Goldbroker.com, told King World News what to expect for the rest of this year as well as for 2013 :
“We are entering one of the most worrying times in history, maybe even for centuries or even for a millennia. I think we are going to see a turn in the world economic situation that is going to be long and extremely difficult.
Gold will be the only way to preserve your wealth and your purchasing power. In my entire investment life I have never seen such an easy decision as the one to hold gold. There are still less than 1% of the world’s assets in gold.”
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On RT's 'Capital Account,' CFTC's Chilton repeats belief in silver market manipulation
Published Nov 9, 2012 on Gata
Bart Chilton, member of the U.S. Commodity Futures Trading Commission, interviewed today by Lauren Lyster on Russia Today's "Capital Account" program, stressed his continued suspicion of manipulation of the silver market. Chilton said that warnings he had received from followers of the
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Egon von Greyerz - There Is A Tide In The Affairs Of Men...
Published Nov 15, 2012 on Kingworldnews
With continued volatility in global markets, today Egon von Greyerz spoke with King World News about the precarious state of the financial world and key markets, including gold and silver :
“I was talking to you last week about how Japan was a disaster waiting to happen. I was pleased to see John Embry agreeing with me on Japan because John is one of the wisest men I know. So Japan is in a mess, but you don’t have to go far to look at another problem which is China.
It is important to warn investors about the risks and to help protect against these risks. The risks going forward are greater than ever. Investors who make the right choice have a chance to protect themselves. Investors who make the wrong choice, they stand to lose everything.” ”
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