Gold at $56,000 per ounce?
There is a story going around that the London Bullion Market Association has sold as much as 45-100 times the amount of gold futures as there is physical gold underlying the notes. I first heard about...
View ArticleZero Hedge warns about a run on physical gold
http://www.zerohedge.com/news/chavez-pulls-venezuelas-gold-jp-morgan-great-scramble-physical-starting According to Zero Hedge, Chavez run on physical gold may drain the banks of their physical assets,...
View ArticleFocus on what is real not what is safe
Monty Pelerin offers some investment advice and then asks his readers what they would suggest. I responded with the following comment: Gold mining companies may be good in the sense that their assets...
View ArticleThe physical gold market vs. phoney gold markets
The phoney silver and gold markets, e.g., the London and New York exchanges, trade in multiples of paper in relationship the actual available physical metal. Today, a call to my local coin dealer...
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