Friday, 16 September 2011
CNBC Reports Gold Prices May Reach $6,000 An Ounce
CNBC reports that gold may top $6,000/oz along with silver at $600/oz stemming from bank failures and defaults. European economic crisis helps gold shine. The value of the U.S. dollar continues to plummet. More money printing will cause the dollar to continue to lose value and will spur inflation, meaning the price of gold will only continue climb even higher!
American Debt Crisis: After Hours
The Casey Report Editors talk over wine after the American Debt Crisis recording in Vancouver.
To watch the event, go here: http://bit.ly/American_Debt_Crisis_Event
Gold Is Not In A Bubble - Jim Rickards
"The thing is right now we are nowhere near bubble territory. If gold were $10,000 we’d be having a conversation about whether that was a bubble, but at the $1,800, $1,900 level that’s absolutely not the case. If you are going to ride this long-term trend at the very high levels that we are talking about, you are just going to have to bear this volatility...."
Jim Rickards
Jim Rickards
Donald Trump in association with APMEX Takes Gold as a Security Deposit
Donald Trump, chairman and president of The Trump Organization, explains why he will accept gold as a security deposit in lieu of U.S. dollars.
Donald Trump : sadly we all know what's happening to the dollar , the dollar is going down and it is not a pretty picture and it is not being sustained by proper policy and proper thinking , this was an opportunity to show people what's happening to the dollar so we can do something about it "
Austria restricts gold purchase by individuals
VIENNA (Commodity Online): A newly enacted Gold policy in Austria that restricts the free purchase of gold by individuals may just be the start of a European policy shift that might border on infringing an individual’s financial freedom.
-As per the new Austrian policies, individuals who wish to purchase gold will be restricted to purchase only 15000 Euros worth of gold at a time making gold an officially “restricted” commodity.
Earlier, one had to just call the local Austrian bank about 2-4 days in advance and state the amount of Gold one wishes to purchase. But that has now been scrapped.
Although, the officials quote money laundering as the reason for the new polices, one but wonders if there isn’t more to it.
-Meanwhile, in Italy, top industrials and professionals have sent a letter to the government and parliament to ban all cash transactions above 300 Euros, and only permit electronic transfers!
-As per the new Austrian policies, individuals who wish to purchase gold will be restricted to purchase only 15000 Euros worth of gold at a time making gold an officially “restricted” commodity.
Earlier, one had to just call the local Austrian bank about 2-4 days in advance and state the amount of Gold one wishes to purchase. But that has now been scrapped.
Although, the officials quote money laundering as the reason for the new polices, one but wonders if there isn’t more to it.
-Meanwhile, in Italy, top industrials and professionals have sent a letter to the government and parliament to ban all cash transactions above 300 Euros, and only permit electronic transfers!
UBS Rogue Trader...or Financial Mercenary? - Max keiser
Alex also talks with film-maker, former equities broker, and television show host Max Keiser about a "rogue trader" with Switzerland's UBS that lost $2 billion. Alex also covers the latest news and takes your calls.
http://maxkeiser.com/
Subscribe to:
Posts (Atom)