gordon jewelry: April 2011

James Turk - no resistance as Silver nears uncharted territory

James Turk : we almost touched $50 /oz silver in Asia , then we backed off a little bit , the markets today are closed in Europe for the 4 days Easter holiday so it will be interesting to see what happens when they come back tomorrow , given the amount of the buying power that we are seeing in the market you have to assume that we will be seeing higher prices in the weeks ahead , once we are over $50/oz there is no resistance as the way I see it says James Turk , go back and look at the DOW when we went over a thousand back in 1982 it just kept going and going and going , the same thing could be happening here with silver for the next couple of years , because the supply /demand picture is very good and everybody knows the problems with the US dollar ...silver is still a cheap form of gold on historical averages and that's attracting a lot of people into the market ...

Silver climbing over 30% and will continue

Gold and Silver Will Stay Positive the fundamentals are good we will see new all time highs in both gold and silver says Analyst Torsten Dennin whether the FED decides to raise interest rates or not ..."We are still positive, looking at year-to-date performance on the precious metals side," Torsten Dennin, commodity fund manager at Altira Group He added that the outlook for precious metals will stay positive even if Bernanke decids to raise interest rates .

Gold : ninth record high in nine sessions

A record high for gold and the decline of the dollar : Gold prices increased 2.4% in first quarter : The sharp decline of the dollar boosted gold's gains

Gold prices continued to break record highs on Thursday, benefiting from the steady decline of the U.S. dollar at its lowest level since July / July 2008, after it became clear that the United States will keep its monetary policy as is.

Gold in the spot market Has reached the highest level ever at U.S. $ 1532.91 per ounce (ounce equals 28.25 grams), which is a ninth record high in nine sessions, before easing slightly to the price of $ 1530.80 an ounce.

These developments have prompted many central banks in Asia to stop buying the U.S. currency down to adjust the rise in the value of domestic currencies, the euro has reached its highest against the dollar since recorded 16 months to up to $ 1.48.

An increased investor confidence in the precious metal in the light of the continued political unrest in the Middle East and North Africa, and rising global inflation due to the increase in the prices of food and fuel, two factors prompted investors to employ their money more and more in gold . The price of gold increased by 360% in the last ten years

Gold: new record at $ 1,522.80

Gold : new record at $ 1,522.80 on this 27th of April - Gold sets a new record at $ 1,522.80 an ounce on the New York market, where prices have marked a rise of 1, 3%. the gold price surge come after the FED's chairman Ben Bernanke press conference

Peter Schiff Silver is Unstoppable

Is there anything that can stop silver's ballistic rise? The precious metal flirted near the $50 mark yesterday. Peter Schiff, of Euro Pacific Capital gives his insight .

Peter Schiff : if you look at the amount of silver in the earth versus gold and I think the ratio there is about 17 to one , I think silver is going to continue to gain on gold as this bull market continues to unfold , I think we have many many years left to go , I ultimately think that you will see a gold / silver ratio below 20 ,right now is more like about 35 , but when this bull market started I think the ratio was about 60 , now I have been buying silver for about ten years when I started buying it it was 5 dollars an ounce at the time gold was about 250 , 260 dollars an ounce both the precious metals have gone up , but silver has gone up more and if i am right and this bull market continues I expect silver to keep outperforming at my metals company I have been recommending people would have two third gold one third silver for long time obviously people that did that right now they might have fifty fifty because silver has gained on gold even though both metals have risen , and the reason that's happening is because Ben Bernanke is debasing the value of the dollar , r i fact central banks all around the world are too loose they are creating too much money and so people all around the world are buying gold and silver as a store of value and I think that that will continue ....

Gold and Silver from one record high to the next

Gold price surges to a yet another all time record high today well over $1500 an ounce this is a fresh new high for the gold at around $1518 an ounce, while silver continues to be the stoner surging more than 5 per cent to within a whisker of its all-time peak of 50 dollars an ounce ,Silver hits 49.82 oz only 50 cents from the all time record of 50.35 dollars an ounce marked January 18, 1980. At the New York market and the futures contract jumped to $ 49.82, just 50 cents from record high. Since the beginning of this year the Silver sees an increase of 60%. as the dollar continued its free fall and inflation continues to worry , experts say it is going to continue to be a bullish scenario for the precious metals as long as we continue to see this kind of fiscal policy in the United States low interest rates high debt and the FED flooding the markets with newly printed US dollars...the markets are Still very very Bullish for Precious Metals , trade your paper money for hard assets while you still can....

UTAH Returns to the Gold Standard ?

This system is taking us to national bankruptcy with the FED printing paper money backed by nothing as if there is no tomorrow , some states like UTAH have decided to go back to the constitutional money which is Gold and Silver backed currency also known as The Gold Standard

billionaire investor Jim Rogers says hold your gold but buy silver now

billionaire investor Jim Rogers says hold your gold but buy silver now

gold will be a bubble someday, but you are way off saying if you didnt buy 5 years ago you are done. speculative money hasnt even begun to enter the gold market and the statistics prove that. gold still has a way to go, not to mention if the government keeps debasing our currency.Commodities guru Jim Rogers explains why a triple digit silver price this year worries him and why Gold and Silver will end up in a bubble sometime in 2017 ,or some years ahead : ....No, not yet. But I’m worried about silver. If silver continues to go up like it has been over the past 2 or 3 weeks, yes, then it would get to triple digits this year. And then we’ll have to worry. It’s not parabolic yet. I hope something stops it going up in the foreseeable future and we have a correction. There’s never one in history that hasn’t popped. Now, maybe the US dollar is going to become confetti in 2011, and if that’s the case and silver goes to $150, then obviously I wouldn’t sell my silver. It would be the US dollar which is collapsing. But if silver goes up the way you’re talking about without currency collapse, I would be very worried."

" That’s certainly part of it, yes. And you have to watch the price action. I remember when gold went parabolic in 1980. I shorted gold when it went parabolic in 1980, and it went higher for another two weeks after I shorted it. But it eventually collapsed. Silver eventually collapsed. All parabolic moves throughout history, there’s never been a parabolic move which hasn’t collapsed in any asset.
Silver and gold, yes, will be a bubble someday, Jay. There’s no question in my mind that all commodities will be a huge bubble someday. But I don’t think that bubble is going to happen in 2011. I think it’s going to be more likely 2017, or 2018…you know, a few years from now. I’m not picking a year, just saying it’s a few years away. It could happen sooner, but I hope not."

Bob Chapman on Why Gold and Silver prices will continue to rise

Bob Chapman on Why Gold and Silver prices will continue to rise

Bob Chapman there are two reasons why gold and silver go up , one of them is that gold and silver for 6000 years have been the only permanent methods of having a currency , it always has been and always will be , the banks are trying to go around it they are unsuccessful that's why we have panics and so on and so forth

David Morgan interview 21 Apr 2011

Silver guru David Morgan gives his intake about the recent surge in Silver and Gold prices and his outlook for the upcoming months regarding gold and silver markets ...he reminds us that Silver is the only precious metal that has not made a nominal new high Yet , which means that there is a lot of room for the silver to shoot up higher and higher...silver is just catching up the other precious metals David Morgan says

Bob Chapman get ready for Gold at $2000

Bob Chapman get ready for Gold at $2000

Bob Chapman the international forecaster talking with Discount Gold and Silver trading radio yesterday says : I do not see gold stopping until we get to $1650 , $1600 and get ready for $2000 , and silver they can't cover and it's going to go up like this everyday until HSBC and JPM decide that they gonna do something and I can tell you something and that is that the federal reserve and the treasury and JPM and HSBC have sat down to figure out what the heck they are gonna do , is it partial default is it full default or is the federal reserve gonna come in and buy out the positions and nobody is going to get any silver you know they will be lucky if they get cash ...and it is not going to be $100 an ounce and this not taking into the account that silver is in short supply versus usage as a commercial metal and so this problem is not going to go away , if they set on the shorts like now they will take silver to $80 dollars easy ...cause nobody is going to give them silver everybody knows the spot they're in and they can't get out , right now we got $46/oz , they are 90 billion offsite at $60/oz it's 150 billion it's gonna be 300 billion at $100/ox so they have to step in somewhere , they got to do something and it's going to ruin the futures options and the derivatives and of course the ETF SLV and GLD , there gonna be thunder lightening going on and they know that they know the ramifications , you know the ETFs are government operations it's to siphon off interest in taking delivery of physical or buying shares a market that they control by lying about what the physical position of gold and silver are in SLV and GLD again you're dealing with criminals they might have $6000 suits on but they are criminals

Max Keiser Gold is a currency that the Central Banks cannot print

Max Keiser gold and silver are a currency they are no a commodity and it is restoring itself as a store of value which it has been for the past 5000 years , since the paper money experimentation in the last 40 years is over (since 1971) ,the US dollar is going to be waked driving gold and silver prices to the moon

With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.JFK ordered the Treasury to print US currency instead of the Rothschild Federal Reserve Notes supported by the Rothschild illegal income tax. The US bonds, held by the Fed for our Fed currency, pay many billions in interest annually to the Bankers. With a "stroke of the pen" JFK would cost them trillions as well as their domination of global money and finances through debt and speculation.

Gold hits New record high near $1,500/oz

Gold hits New record high near $1,500/oz

Gold prices rallied toward record highs near $1,500 an ounce today amidst inflation concerns in China debt crisis in Europe and the Standard & Poor's downgrading its credit outlook for the United States Gold hits an all-time high of $1498.9
At the New York market.While In London, prices are stable at $1493.9 it's a combination of factors that is propelling the Gold , the dollar decline, rising crude oil prices unrest in the middle east and worries about sovereign debt problems in Europe.

Gold and silver prices react to Bernanke liquidity Bubble

Gold and Silver. once again the hottest investment picks today and for the week, the Gold surging toward $1,500 an ounce. the new nominal record high, silver hit a 30-year high, just over $43 an ounce. did someone say Bernanke liquidity bubble? well, i just did once again says Larry Kudlow. and as for stocks, the Dow gained 57 points today on positive consumer sentiment, strong industrial production, and a good new york fed manufacturing index. but consumer prices jumped again and they are now rising 6% at an annual rate over just the past three months. stocks did fall for the week, however, lingering earnings disappointments in the light that alcoa, google, and bank of America. so let's talk about this fed liquidity bubble and the outlook for earnings next week so you investors can figure out how to make an inflation proof buck or two.

How To Make Pysanky (Ukrainian Easter Eggs)

I made these pysanky last year

HOW TO MAKE PYSANKY (Ukrainian Easter Eggs)
(pysanka - singular, pysanky - plural)

PART ONE: HOW THEY ARE MADE

I was taught how to make pysanky by my father John, who was a first generation Ukrainian-American. My grandparents were from the Carpathian Mountain region of Lviv, Ukraine. Designs on the eggs are fundamentally traditional, passed down generation to generation, and differences in styles are mainly regional.

What are pysanky?
Pysanki (pronounced: puh-sahn-key) are Ukrainian Easter eggs. They are made from real chicken eggs. The most interesting thing about them, aside from their intricate, beautiful designs, is the way they are made: The designs are not painted on, but are done in a wax-resist technique using hot bees wax. The process is similar to batik.

How do you make pysanky?
Basically, you start with a plain white egg. You begin by drawing designs on the egg in hot bees wax with a pen-like tool called a kistka (stylus) and whatever areas you cover with wax will remain white.

When you are finished covering the areas that you want to keep white, the egg is then dipped into a dye bath of the lightest color, such as yellow. The white areas that you have covered in wax will not absorb the yellow dye and will remain white because they are beneath the wax.

Once the egg is the desired shade of yellow, you remove it from the dye, dry it off completely, and then, again using the kistka and hot wax, you cover the areas of the egg that you want to keep yellow.

Then the egg goes into the next, darker dye, such as orange, and the process is repeated until you reach your final, darkest dye bath…and so on and so on until you have finished your design in wax.

In the end you will have an egg that has a lot of wax on it! The last step is the most fun: you carefully melt away all the wax and the colorful design is revealed!

You do not need to use many colors, but traditionally the main colors used are: yellow, orange, red, brick, brown, and black.

Nowadays you can buy the egg dyes in many shades such as green, purple, blue (light, dark, royal), turquoise, pink, fuchsia, scarlet, etc.

One important note: you MUST use dyes made especially for pysanki. These dyes are poisonous and should not be used around or by children.

Also, the egg should never be eaten.

Sometimes I will use only one dye bath, such as purple. First I will wax the areas that I want to keep white, then dip the egg in purple, then the result will be a purple and white egg. Two-tone eggs are beautiful!

PART TWO: TOOLS AND PREPERATION

Supplies Needed:

Many paper towels
Mason jars or large peanut butter jars with lids
boiling water
regular white vinegar
large spoons for mixing dyes and dipping eggs
pysanki dyes
a candle for heating kistka and also for removing wax from egg when finished
matches or lighter
Block of beeswax made specifically for pysanky
kistka (stylus)
pencil with eraser for sketching designs on eggs
chicken eggs
optional: pysanky how-to book with designs and instructions
straight pin and tool for blowing out inside of egg

Gathering supplies:
I have found that my local AC Moore carries pysanki supplies, but only seasonally, and the dyes tend to sell out fast, so when I see them I stock up!

To do the day before: Make your dyes

Mix dyes according to package directions. It is best to prepare the dyes the day before you are going to use them, because most directions instruct you to use boiling hot water, and it takes the dyes while to cool down. Be sure to follow the mixing directions exactly, especially when making the orange dye, in which vinegar is NOT added. Vinegar IS needed for most of the dye colors. Pysanky dyes are PERMANENT and if you spill them they will stain just about any surface including clothes and tabletops…use with caution!

Prepare your eggs:

I use large or extra large chicken eggs. You can use whatever size you like. Try to purchase ones that do not have dates stamped on each shell, as that stamp will usually show through your finished design. Use only raw eggs, and be sure to remove them from the refrigerator for a few hours before you begin working with them so that they are room temperature. Cold eggs will sweat and be impossible to work with! Do not attempt to warm them by putting them in warm water or by any other method. Just remove them from the fridge the night before and let them naturally become room temperature. Do not keep them in Styrofoam egg cartons, as these will retain moisture. Use only cardboard egg cartons to hold and store your eggs.

The Kistka (stylus)

Kistkas come in three basic sizes, fine, medium and heavy.

Traditional kistkas

The size of the kistka refers to the thickness of the line that it draws. Traditional kistkas are like pencils with wood handles and a copper end that is held over the candle flame and heated, then held gently against the beeswax. The beeswax will melt and fill the kistka and then the wax flows through the opening and can be applied to the egg. Nowadays many professionals use electric kistkas, which are great because they maintain temperature and are a lot faster to use than the traditional kistkas, but they also take a lot of practice to get used to. I use both types but always find myself going back to the traditional type of kistka. I highly recommend learning to make pysanki with traditional kistkas.

Beeswax block

A natural colored beeswax block is used with the traditional kistka, and black colored beeswax is used for the electric kistka. This is because the electric kistka will not blacken the wax when heating it, and the candle flame will.

Traditional kistkas

Here are a few supplies and kits to get you started!

Egg blower for emptying out eggs easily

Egg lathe for holding the egg while drawing on those first lines. I love this tool!

A kistka - I recommend three sizes, heavy, medium, and fine

Pysanky dyes are available online

Three different types of Ukrainian egg decorating kits - great for beginners!

Here are two kits that come with electric kistkas - no candle flame needed!

What do you think?

Have you ever made Pysanky?

If you enjoyed this post, you might also like my post on Batik:
Beautiful Batik: What it is & How it's made

$500 Silver, Max Keiser

It's important to remember that gold & silver do not increase in value, they are real money. When the price goes up it only reflects the paper becoming less valuable. Every nation is printing like mad to pay their debts down. We're the king debtor of the globe with over 200 trillion in obligations over the next 5 years. That many paper dollars don't even EXIST yet the world is lead to believe we can pay it back. Buy metals while our green paper still can! $43 silver is still cheap. GATA's Adrian Douglas makes the case for bullion bank metals price supression, and for the TRUE value of one ounce of gold.Get in position now and realize the coming upswing in the price of silver ! Mike Maloney said that in past history an average house would cost 1K oz of Silver to buy. But during the currency panic the house could probably be bought for 500oz of Silver. For 1K oz you can get you McMansion or large Farm. ;-)

Max Keiser is a film-maker, broadcaster and former broker and options trader. Keiser is the host of On the Edge, a program of news and analysis hosted by Iran's Press TV. He also hosts Keiser Report, a financial tabloid, that broadcasts on RT (formerly Russia Today). Keiser hosted the New Year's Eve special, The Keiser's Business Guide to 2010 for BBC Radio 5 Live.

Buy Gold and Silver and manage your own Money

Do not give your money to brokers financial expert money managers and those kind of charlatans who will use your money to gamble and they will still charge you fees whether you make money or you lose money .80% of money managers are charlatans and have no idea of what they are doing when they are investing other people's money and why would they they are guaranteed to be paid whether you make money or you lose money , there is no incentive for them to protect your asset from losing ...why not manage your money yourself by buying real hard assets like Gold and Silver : Silver in backwardation just broke the $43/oz barrier last Friday and expert expect silver to reach $50 by next month , Gold is slowly but certainly rising to $1,500/oz . U.S. dollar is doomed and going down the sewage ...so Jump on the Gold and Silver bandwagon before it is late .

Gold and Silver prices literally on Fire

Silver Price Over $42, Debt Crisis Worsens, Bolivia miners on strike : experts already see a target of $1500 for gold in the medium term and $50 an ounce for silver , there are strikes going on for like 3 weeks in Bolivia silver mines one of the world's biggest producers , the government of Bolivia is possibly nationalizing those mines , this is all bullish news for the physical silver market and this is what possibly is propelling the price higher recently...

The Run Up in Gold continues

Alex Latzer, head of metals & mining research at Daiwa Securities, believes gold will peak sometime in the middle of 2011 as we normalize interest rates higher , the factors for the gold prices surge are the rising Inflation in the emerging markets ,the anxiety factor in the market , the large debt out there , In the last year spot gold was up 27.52% and spot silver was up 130.45%

Bob Chapman : Silver will Go to $100/oz

Bob Chapman : in the last few days we have seen the US government in the market and they have done everything possible to knock prices down which is not unusual within a corporate fascist governmental culture and that's what we have in America , says bob Chapman the International forecaster and people who do not believe that they are missing the whole point it won't last but for few days may be weeks and the next step it is going to go higher if for no other reason this giant naked short position being held by JP Morgan Chase and HSBC ....

How To Make Necklaces With Vintage Keys

In my last blog post I discussed my basic design process for working with a unique focal element, in this case, some fantastic vintage & antique keys that I came across at a flea market last summer. I also discussed the basics of choosing complimentary materials such as beads, and the “laying out,” or organization of the design. The following post will discuss the fabrication of those keys into a piece of unique, one of a kind piece of jewelry.

Below are two styles of necklaces made with keys:

Vertically Hung Key With Beaded Chain

Horizontally Hung Key Necklace

Materials List for both projects

Vintage Keys

WD-40 and paper towels to clean up your keys and remove rust

Coordinating wire: Brass or copper work well. For the necklaces shown, I used Beadalon ColourCraft Permanently Colored Copper Wire in Brown (20 gauge) and Zebra Wire Colored Copper Wire in Brown in 18, 22 and 26 gauge

Antique finish brass or copper chain (for horizontally hung necklace)

Antique finish brass or copper jump rings (for horizontally hung necklace)

Antique finish brass or copper clasps (toggle and or lobster-claw style)

A variety of gemstone and glass beads

Round nose pliers

Flush-cut pliers

Chain nose pliers

*Aside from the keys, most items listed above are available through Fire Mountain Gems Jewelry Supply http://www.firemountaingems.com/

FABRICATION

If you find that your keys are a little rusty, spray them with WD-40 and clean well with paper towels. Because the keys I used were a nice, rusty brown, I decided to use brown colored copper wire for my necklaces. I liked the keys hung both vertically and horizontally so I decided to make both styles. Below are the instructions for both.

Vertical Key Necklace:
beaded chain technique with toggle clasp

*For these necklace you will need to know how to make a basic wrapped loop. This is a simple technique that is basic to jewelry making.If you do not know how to make a wrapped loop, directions can be found here: http://www.firemountaingems.com/beading_howtos/beading_projects.asp?docid=652t

Step 1. Cut a 2.5” piece of wire and connect one end to the hole in the top of the key with a basic wrapped loop. (For this style I used the 20 gauge wire)

Detail of wrapped wire loops attached to key

Step 2. Place a bead onto the other end of the wire and complete the end with another closed, wrapped loop.

Step 3. Repeat your next section with another section of 2.5” wire, this time connecting one end of the wire to the previously finished beaded loop. Again, place a bead on the wire, and complete the unfinished wire end with another wrapped loop.

Step 4. Continue repeating this “wire, bead, loop” process until you have created one entire side of beaded chain in the length that you desire. (I made each side of my necklace approx. 10”, for a total finished necklace length of 21” including key and clasp.)

Step 5. Repeat steps one through four to create the other side of your beaded chain.

Step 6. Attaching the toggle clasp: When you have finished your beaded chain in the length that you desire, attach your clasp. Using the same wrapped loop technique, attach the “bar” part of the toggle clasp to one side of your beaded chain and the “loop” part of the toggle clasp to the other side of your beaded chain. That's it! You are finished!

Detail of toggle clasp attached with wire wrapped loops

Directions for Horizontal Key Necklace:

Step 1. Place key horizontally on table. Cut a 3” piece of wire and connect one end to the hole in the top of the key with a basic wrapped loop. (For this style I used the 20 gauge wire).

Step 2. Place a bead onto the other end of the wire and complete the end with another closed, wrapped loop.

Step 3. Cut another 3” piece of wire and with a wrapped loop, connect one end to other, opposite end of the key, wrapping the wire around the body of the key to the inside of the key’s teeth.

Step 4. Place a bead onto the other end of the wire and complete the end with another closed, wrapped loop.

Step 5. Continue this technique using 2.5” lengths of wire and beads, until you have the beaded look you want; I used two beads on one end of the key and four on the other end of the key. *Do NOT wrap the open end of the wire after your last bead.

Step 6. Cut two lengths of chain (I used two 10” lengths of chain) and now making a loop in the wire after your last bead, thread the chain onto the loop and wrap the end. Repeat with other side. Your lengths of chain are now attached to each side of your necklace.

Step 7. Attaching the clasp: At the end of each length of your chain you will attach your clasp. For this style necklace I used a lobster claw style clasp. Use a jump ring to attach the clasp to one side of your chain and complete the other side of your chain with another jump ring. You are finished!

Lobster-claw style clasp

A different color combination: Citrine and Honey Jade

Pink Rhodonite gemstone beads

If you have any questions, feel free to post them below!

- Laura

Silver Market still on a Bull Trend

Anthony Neglia of Tower Trading says that he is still bullish on silver he will get it bearish though if the silver goes below the mark of $38 : I don't think it's necessarily overbought. We did have some short covering. Coupled with some new buying got us to that the short covering rally got is that overnight high on Sunday night. Of $ 4190. We have backed off considerably since then. But the market is still in a bull trend I get a little get a little bearish below 38 dollars if you remember thirty dollars was that point where it had a little difficulty getting through but once it got through. Made a very nice move well you know above forty dollars and beyond. That you saw that overnight high from Sunday night. ". "I would be backing off the longs I don't know if I would get necessarily short here I know a lot of people are a lot of people are betting on this thing 200 day moving average is about 25 dollars which is fifteen dollars away. But I don't necessarily see. But I can't see a change at 38 dollar level and then I would have to reassess. You know from that level. Below it I'd be a little bearish. and you know if it remains above 38 dollars you know I'd like to pick a spot there and buy it

Gold Boom Dollar Doom

Gold Boom Dollar Doom

Gold is soaring Silver just flew past $40 oz, as the U.S. dollar weakens and breaks down. and Oil Prices skyrocket.All the dollars all over the planet are all coming home, that and the Fractional Reserve Banking multiplier, once the banks begin lending, is going to devalue the dollar at least 10 times.$4 a gallon Gas? Try $40 a gallon, because the Dollar doesn't buy a nickle anymore. Silver and Gold are being manipulated to the extreme now as the end of the currency cycle has arrived. The shift has begun, and it will come with some pain. 3 wars, open borders, rising oil, inflation and food costs.

Silver and Gold Investment Outlook

Silver is the most historically volatile metal it has been benefiting from the surge in industrial demand due to the small recovery in the economy , but also as a precious metal it has been benefiting from the weakness of the dollar and the fear of inflation amongst investors and the lack of confidence in Fiat currencies , "The precious metals have been benefiting greatly from the weakness of the dollar and the whole diversification away from currencies," says Stewart Richardson, CIO at RMG Wealth Management However, he believes that silver is overvalued relative to gold.

James Turk : Why gold is money

James Turk opines on the current gold market.gold and silver is super undervalued. We went off the gold standard in 1971 to go to the oil standard.Kissinger made a deal with the Middle East, we would buy their oil if they would buy our treasuries. There was one main caveat...world oil must be purchased in DOLLARS only. That's why America did it....to save the DOLLAR by attaching it to OIL.Go on Ben Bernanke .print, print, print! There is NO WAY mathematically the US can repay its debt. The hard maths dictate that aside from outright default, the US has no alternative but to continue the Ponzi scheme. 'Crouch and cover'. we are being taxed up to our eyeballs:Accounts Receivable Tax Building Permit Tax Capital Gains Tax CDL License Tax Cigarette Tax Corporate Income Tax Court Fines (indirect taxes) Dog License Tax Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (42 cents per gallon) Hunting License Tax Inheritance Tax Interest Expense (tax on the money) Inventory Tax I School Tax Septic Permit Tax Service Charge Taxes Social Security Tax

Marc Faber : Gold is not in a bubble

Marc Faber : " ...In Gold and Silver Terms the dow jones over the last ten years has already lost over more than 80% of its value. and yesterday, my friend frank holmes was on cnbc, and i don't know remember if it was you or somebody else, but the two interviews were kind of ridiculing him, telling him that gold was a bubble and so forth. i just came now from a conference. there were over 200 people here in Singapore. i asked the audiences, fund managers, you would imagine that they are intelligent. i asked them who of you has personally more than 5% of their assets in gold. not one person lifted their hand. not one. if it were a bubble, a lot of people would have gold. the whole world would be trading gold 24 hours a day. but i don't think it's really a bubble. i think maybe gold is cheaper today than it was in 1999 when it was at $252. "

Which Silver ETFs are better ?

Why would you buy silver at this level? Silver is still a smoking deal even at 440 as says Robert Kiyodaki , Silver is real money , how long will people be conned in believing that paper money is something that has any value in it . Silver a form of exchange, we're seeing money managers looking at silver really as a form of money. it's more attractive at $40 an ounce than gold. if we move to something on the lines of a barter economy, using silver coins and using silver at the $40 an houns mark is a lot cheaper than buying gold.more hoarding in the silver story is driven primarily by the overall safe haven attributes of precious metals , we have seen more hoarding in silver recently than gold in fact the money that's accumulating is outstripping the annual production and more people are competing to acquire the bullion and kind of ignoring the fact that 40% of the production goes to industrial uses , since the '80s we've seen an average gold to silver ratio of about 63 times. that's fallen below 40 recently.

Gold Prices could Double over the next 5 years says Frank Holmes,

Frank Holmes, CEO & CIO of U.S. Global Investors says Gold is currently under owned and has the potential to soar even higher due to faster growth in money supply Gold could double in price in the next 5 years " just look at the gold as a component of the financial assets around the world since year 2000 it actually shrunk , and you are seeing much faster growth in money supply and other financial asset cl;asses than you are seeing gold coming in the market place , you see more money flow into other financial assets than you actually seeing in Gold " Frank Holmes explains Gold is under owned and under loved , Gold is a love trade Warren Buffett does not anyone he loves to give Gold to ...LOL....

Bob Chapman Silver price will explode

Bob Chapman explains why the price of silver in the long term can only go up and what happens when the banks manipulating their short positions can no longer continue."the price of silver hits a new high everyday " says the International Forecaster Bob Chapman "gold and silver have been suppressed for years he explains since august of 1988 when the president of the United States signed an executive order saying that the FED and the treasury and the New York could manipulate the market and they have been doing that ever since and they picked on gold and silver , so gold and silver have been suppressed since then and this suppression is coming unglued sort to speak says Bob Chapman ,not only that but the government inherited a very large naked short position in silver , shorting means you gonna bet something is going to go down , naked means there is no collateralization in other words you do not have silver on hand to deliver if somebody demands it , this giant naked shorting position which manifested itself in JP Morgan Chase and HSBC they can't cover their shorts there is not enough silver for them to make delivery as well so they keep on creating derivative contracts options futures which are delaying the final problem and that is pushing the price up , right now JPM is off-site probably close to 60 billion dollars , HSBC probably 20 billion and that's a lot of money ....if we can get silver up to $50 , $60 /oz they are gonna have to default now when that happens it will affect the COMEX the LBMA in London the options the derivatives and as a result it will also anybody or any entity that is using those instruments to be in the market papee market as opposed to physical , if trading in paper stops the whole house comes tumbling down the result will be the end of paper market at least temporarily in silver perhaps in gold as well , silver price will explode as a result ....

Gold Hits Record High on geopolitical concerns and rising inflation

Again today Gold hits another all time high record of $1457 an ounce $16 more than the previous high set on march 24th , the causes of this hike are geopolitical concerns the weakness of the dollar and the rising inflation , the public in these cases always looks for a safe haven where to protect their assets gold is becoming more attractive people are literally flocking to gold.

Silver bullion as Money

Silver in the hands of the people : Summary of the lecture given by Hugo Salinas-Price President of the Mexican Civic Association for Silver in January 2011," How to monetize silver so that it can circulate permanently in parallel with paper and digital money" the last bubble is world's currencies , all currencies in the world are fiat currencies and they are all derivatives of the dollar , which is itself nothing but a piece of paper ,The silver coins will outlast any central bank

The first conditions to menetize one ounce coin silver are :
The coin shall not bear an engraved monetary value.
The Treasury will attribute a quote, a monetary value in pounds to the ounce.
The quote will serve the same function as an engraved value.
when the coin has an engraved value it's condemned to go out of circulation
The last monetary quote given to the ounce by the issuer must not be reducible.
Just as is the condition of present British pound coins and bank notes.
If the quote is allowed to fluctuate in value downward, according to the price of silver, then the ounce will not be currency: it will continue existing as a commodity
Silver money will remain permanently in circulation and will never be at risk of disappearing due to a collapse of the banking system.

Gold and Silver will head higher despite any upcoming rate hikes

Gold and Silver will head higher despite any upcoming rate hikes

Today gold climbing higher and silver at 30 years high again , this indicates that perhaps we are over bought in the metals says Phil Streible, senior market strategist at Lind-Waldock, anything above $38 , $39 level on silver is going to be overbought , gold prices look like a possibility of double top in $1440 area so there is a potential of a pullback on a short term over bought basis but long term it still looks pretty great , in order to see any changes in the long term we need to have fundamental changes , the technicals look very solid , but unless the FED comes out and starts to indicate that it is going to raise rates there is no stopping this market from going higher , we are higher today despite that ECB announced it is raising interest rates , Phil does not think that any interest hikes are going to stop the market at all

James Turk Upside explosion in Silver Price

THE QE BUBBLE IS GOING TO BURST IN 2011 and the hole house of cards will fall. GAME OVER . Gold is in a 2nd stage of a bull market.the world central banks have never printed so much money before. There is a debt nuclear bomb developing that can only end badly. We will see a more rapid price appreciation than in the past years. Price target until 2015: 8000 Dollar. Price manipulation has come to an end. Gold as natural alternative to currencies. Chances of hyperinflation 100%.Gold prohibition possible.James Turk wrote in 2010 "While gold is moving higher, I am really focused on the $21 level in silver to be hurdled because that's when the upside explosion that we have been talking about is really going to start." so he was 100% spot on

China and India demand for gold and silver soaring

China and India are the largest silver marketplaces globally.Demand for gold from India , the world's largest buyer of the precious metal is projected to exceed 1,200 metric tons by 2020, according to the World Gold Council .In 2009, China bought more gold than India, making it the world's top consumer. China pipped South Africa in 2007 as the world's largest gold producer .Chinese demand for silver has quadrupled in 2010 .In 2010, China imported an unprecedented 14 percent of global silver as the demand for silver has been growing in the country. Till last year, China has been historically been a net exporter of silver. China is the largest gold producer but requires so much of the precious metal (in addition to what it already mines) that it imported more than 209 tonnes during the first 10 months of 2010.Since 2003, Beijing has been buying most of the gold excavated and refined locally.Today, China has more than 1,000 tonnes in its official vaults, up 75% in six years. Its gold reserves are now the fifth-largest among national central banks after the US, Germany, France and Italy.Most of the 1.3 billion people in China only began to acquire and own gold in 2003 as gold ownership was banned from 1945 to 2003. The gold market was liberalized in 2003 .The World Gold Council stated that Indian households are presently in possession of more than 18,000 tons of gold, which represents the world's largest stockpile.
Eric Sprott, of Sprott Asset Management, reported having difficulty locating enough silver bullion for his new silver fund said : "Frankly, we are concerned about the illiquidity in the physical silver market. We believe the delays involved in the delivery of physical silver to the Trust highlight the disconnect that exists between the paper and physical markets for silver."
Today the Industrial Silver Demand at 18-year High
The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.paper silver is not silver, its fiat silver. Properly secured physical silver is real money. Whether its the 90% coins, sterling silverware, or bullion, its all good. silver is becoming rarer than gold, people just don't know it. With its industrial use as a consumed precious metal, it has the potential to surpass gold in value
Gold is not consumed in industry at the same rate silver is because:
1) Silver is better at conducting electricity

2) Silver has a better thermal transfer rate than gold

3) Silver is a better reflector of light than gold.

4) Silver is a better catalyst than gold

Has nothing to do with high price, Gold is a lousy industrial metal. If gold cost less than silver, Silver would still be used in much greater numbers than gold.
. Silver can usually replace gold, gold can not substitute for silver, or it can but causes the product to be inferior.