Hyper-Inflation To Push Gold To Double

LowerDebtASAP on Jul 18, 2011

http://www.GettingRichGuide.com Aaron Lee Smith, MD of Superfund Singapore predicts gold to easily double next year. Jim Rogers, Robin Griffiths and Jurg Kiener hold the same view as global central banks' insistence on printing their way out of economic turmoil is setting the stage for a hyperinflationary holocaust, a knock-on effect of which will be gold's acceleration towards $2000, as demand for precious metals outstrips supply.This Video Doesn't Belong to this Channel

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Owning physical metals is a wise investment choice

interactiveinvestor on Jul 18, 2011

Angus Murray, CEO at Castlestone Management, says that funds which physically own precious metals should be a fundamental facet of any portfolio, with popularity rising of late as investors seek protection against currency devaluation.

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Gold Prices Soar, Savannah Jewelers See More Customers Selling than Buying

Gold Prices Soar, Savannah Jewelers See More Customers Selling than Buying

http://www2.wsav.com/news/2011/jul/18/gold-prices-soar-savannah-jewelry-stores-see-more--ar-2156264/

SAVANNAH, Ga. - Uncertainty in the U.S. and Europe contributed to soaring gold prices Monday. As jewelry stores watch the value rise, they're also seeing more people selling gold rather than buying it

By TUQUYEN MACH 
Published: July 18, 2011

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SAVANNAH, Ga. --

The uncertainty over the U.S. debt ceiling and widely publicized financial troubles inEurope all contributed to soaring gold prices Monday.

The king of precious metals hit a record $1602.40 per ounce. That is the highest dollar value for gold but actually below the record level reached in the 1980's after accounting for inflation.

But as jewelry stores watch the value of gold go up, they're also seeing more people come in the doors to sell gold rather than buy it.

"If things don't get better I think it's going to continue to climb. I don't think we've seen the end of it yet," saidRobert Anderson, owner of Anderson Jewelers.
  
Anderson Jewelers in Savannah opened in 1943 when the price of gold was just $33 an ounce. 

News 3 visited them on March 5, 2008, when gold had reached a record of $995 per ounce.

"We're trying to just not buy, except what we have to buy right now," said Janice Anderson in 2008.

More than 3 years and a 61 percent price increase later, Robert Anderson said any where from five to ten people a day come in to sell their gold.
 
"A lot of people now are turning to sterling silver," he said. "We're not selling a whole lot of gold but we are buying a lot of gold."

A prime example of the economic shift to more affordable metals is a 133 gram, 18K gold necklace that was purchased years ago when gold was $300 per ounce. The piece is still in the store.

http://www2.wsav.com/news/2011/jul/18/gold-prices-soar-savannah-jewelry-stores-see-more--ar-2156264/

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

The Dollar, Gold and SP500 Trend Analysis - totalinvestor.blogspot.com

http://totalinvestor.blogspot.com/2011/07/dollar-gold-and-sp500-trend-analysis.html

The Dollar, Gold and SP500 Trend Analysis

The dollar is and has been in a strong down trend for many years and I feel as though it’s getting close to another major land slide. It could take place any time in the next month or so according to my weekly chart analysis.

The general rule is if the dollar falls in value then we tend to see both stocks and commodities rise. The inverse relationship at times can be tick for tick meaning if the dollar ticks down one increment then we see the broad market or specific commodities move in the opposite direction at the same time.

http://totalinvestor.blogspot.com/2011/07/dollar-gold-and-sp500-trend-analysis.html

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.