Where's Your Gold and Silver

Gold Climbs To Another Record

Early November 7th 2009 gold hit the high price of $1101.90 and the world sat quite. Life went on as usaual for the general population for gold and silver is just for the rich people right. Wrong!

If you keep your eyes on the precious metals like gold you can see the future. The future is gloom for the many but its a hallmark for the people who invest in gold and silver. Do you think gold will top out soon and then settle back to a more normal price? If this is what you are thinking then get ahold of yourself for gold will see $2000.00 an ounce before the year ends and this will push silver up in value as well.

Check out the gold coins in the image to the right. Each one of these coins is worth $1100.00. You are looking at 30 one ounce American Eagle Gold Coins. You do the math and you can clearly see thats about what a skilled worker earns in a year.

Currently the Federal Reserve Notes you get issued to you when you cash your check is an IOU for the banks cannot pay you in real dollars as that would break the bank. A real dollar is a one ounce silver American Eagle Silver Dollar. They are worth about $18.00 each so you can see why the banks would go broke if they gave you real dollars instead the fiat currency that has nothing backing it.

As long as you keep on accepting these valueless IOU's instead of real money the government will stay happy. Currently, the Tresury Department is keeping the printing presses going 24/7 cranking out stimulus dollars that have nothing backing them except the American People. It is time to wake up America. Wake Up! 

I say this: The money you were planning to spend on holiday gifts and travel, you need to invest it in gold and silver instead. This will be the best holiday season ever if you do this as it will help curb inflation and break the backs of the money hungry merchants. Billions are spent on gifts each year. We don't know what is going to happen next year but I can see into the future just a bit and it looks bad. The unemployment will continue to soar and more and more people will default on their home. It does not look good. So spend that money on gold and silver and bury it where no one will ever thik to look for it. Your oun personal stash place. Never put anything of value in a bank. Never do this.

Here is my forecast: Silver is at $18.00 an ounce right now. The price is right for investing. Invest heavy in silver coins. Silver rounds and bars are great investment stradgies and will pay off with huge rewards. Silver will be at $1000.00 an ounce in a few years and you can be part of this if only you take an interest.

Here is what I want you all to do.

Visit GoldSilver and just read what they have to offer. You make the decision whether you want to go out broke or be wealthy in gold and silver.

Do Nothing and Nothing Will Happen-Visit the Link and gain Knowledge

Gold Silver

Chuck Madere
650-366-5307

Here’s Some Good Advise:

There are three things every Internet/Network Marketeer’ needs to make money online. You need a Domain Name; a Hosting Account and an Auto-responder. The ones I use are: Aweber, JustHost, and GoDaddy. These tools are very reliable and are use by professionals all over the world.

Visit Them Today:

Click Here For Aweber

Click Here For JustHost

Click Here For GoDaddy

Here’s Some Great Money Making Sites

Visit Them Only If  You Want To Make Money

Silver Snowball

PLR-GiveAway

Mega Pack III

Mega Pack II

Thanks:

If you enjoy reading my posts please do me a favor and view a couple of the AdSense Advertising Ads. Only take a few minutes and gives me an additional income be it small, nevertheless, every click helps me feed my family. Try doing that today.

Here’s Some Very Special Advise:

As you all are aware, the US currency has lost it value. Other countries want nothing to do with the dollar or better said the Federal Reserve Notes.  I for many years have been an advocate for investing in gold and silver. Gold and Silver  are solid investments that never lose but continue to gain value over the years.  At the time of this writing gold has surpassed the $1100.00 per ounce price. Silver is also gaining value as silver is precious metal used in all electronic devices. I encourage everyone to check out Gold and Silver today. Click The links below for information.

GoldSilverNews

Chuck Madere Recommends Gold and Silver

Buy Gold Now

Buy Silver Now

Silver Eagle 1 ounce

A Special Hello To My Sons Cyle, Scott, and Garth

http://chuckmadere.com/blog

http://chuckmadere.com/baby_time

http://chuckmadere.com/silverstrike

Gold's record-breaking climb to over $1,100 an ounce unsurprising

Jeffrey Nichols believes that many market participants, particularly in India, but also throughout the region, have reassessed gold`s price potential following the Reserve Bank of India`s 200-ton purchase.

by Lawrence Williams
Wednesday, November 11, 2009
www.mineweb.com
SANTIAGO -

Jeffrey Nichols, specialist precious metals analyst and also Senior Economic Advisor to Rosland Capital LLC, a U.S. precious metals asset management company, reckons that the latest gold price high is good news for gold and gold investors. In a release from Rosland, Nichols is quoted as saying "It`s important to take into account the activity in the international marketplace that has led this run and caused a near perfect storm for gold".

"First, came the announcement from the Reserve Bank of India that it had purchased 200 tons of IMF gold, and the additional statement from the Sri Lankan Central Bank that it had been purchasing gold in the open market during the past few months.

"This was followed mid-week with announcements first from the U.S. Federal Reserve, then from the European Central Bank and the Bank of England, that the industrial world`s monetary policies would remain extraordinarily accommodative for an extended period of time.

"Then on Friday came news that October`s U.S. unemployment index had jumped four-tenths of a percent to a 26-year high of 10.2%, greatly exceeding expectations of a much smaller increase - indicating that the economy is weaker than most had believed.

"Put the news together and it should come as no surprise that gold briefly broke through the $1,100 on Friday - and has shown further strength this morning trading near $1,110 an ounce in Asian, European, and New York markets." says Nichols.

"It is encouraging that key Asian markets have quickly adjusted to higher price levels. A few months ago, with gold in the $970 to $1,000 range, Indian gold demand stalled while scrap supplies from the resale of old gold jewelry surged. Now, Indian demand remains firm and there has, as of yet, been no big reflow of old gold back to the market. And, buying interest is up in other Asian gold-trading centers. It looks like many market participants, particularly in India, but also throughout the region, have reassessed gold`s price potential following the Reserve Bank of India`s 200-ton purchase.

"Nevertheless, after such an impressive run-up, don`t be surprised if gold takes a breather, perhaps selling off a bit on profit taking, and consolidating in a trading range between $1,070 and this week`s new all-time high. One thing that could quickly lift gold - at any time - into still-higher territory would be news of another major central bank taking up more of the IMF gold on offer." reckons Nichols.

As reported on Mineweb in the past, Nichols has been bullish on gold for some time and the latest moves in price confirm his analysis.

What is particularly interesting about the recent move though is the immediate price behavior which is very reminiscent of what happened when gold burst through the $1,000 level only a couple of weeks ago. Initially it tested moving lower but then held above what seemed to have become a new base level for the gold price, before consolidating at these levels, and then taking another sharp step upwards. On the evidence of immediate trading at or around the $1,100 level it looks as though the same pattern is being followed, which could suggest, if this pattern is maintained, that $1,100 may be becoming the new base which could now make $1,200, or perhaps higher, as the new target for the year.

As Nichols points out, should there be news of another major Central Bank gold purchase this target could be reached extremely quickly. At the moment the gold price has some momentum working for it. With enough uncertainty continuing in financial markets regardless of the relatively strong performance of major stock market indices, the interest in gold as a financial insurance policy is likely to continue. This underpins the price, and leaves it open for more sharp gains on positive news for the sector. If eastern markets are indeed accepting the new price levels then the current price become even more secure.

brought yo you by Chuck Madere

Chuck Madere
650-366-5307

Here’s Some Good Advise:

There are three things every Internet/Network Marketeer’ needs to make money online. You need a Domain Name; a Hosting Account and an Auto-responder. The ones I use are: Aweber, JustHost, and GoDaddy. These tools are very reliable and are use by professionals all over the world.

Visit Them Today:

Click Here For Aweber

Click Here For JustHost

Click Here For GoDaddy

Here’s Some Great Money Making Sites

Visit Them Only If  You Want To Make Money

Silver Snowball

PLR-GiveAway

Mega Pack III

Mega Pack II

Thanks:

If you enjoy reading my posts please do me a favor and view a couple of the AdSense Advertising Ads. Only take a few minutes and gives me an additional income be it small, nevertheless, every click helps me feed my family. Try doing that today.

Here’s Some Very Special Advise:

As you all are aware, the US currency has lost it value. Other countries want nothing to do with the dollar or better said the Federal Reserve Notes.  I for many years have been an advocate for investing in gold and silver. Gold and Silver  are solid investments that never lose but continue to gain value over the years.  At the time of this writing gold has surpassed the $1100.00 per ounce price. Silver is also gaining value as silver is precious metal used in all electronic devices. I encourage everyone to check out Gold and Silver today. Click The links below for information.

GoldSilverNews

Chuck Madere Recommends Gold and Silver

Buy Gold Now

Buy Silver Now

Silver Eagle 1 ounce

A Special Hello To My Sons Cyle, Scott, and Garth

http://chuckmadere.com/blog

http://chuckmadere.com/baby_time

http://chuckmadere.com/silverstrike

Related articles by Zemanta

Investing In Gold - Is Now the Right Time? (frugaldad.com) Investing in gold coins | Justmoney News (justmoney.co.za)

As gold vaults are being emptied by investors, is the market reaching breaking point?

by Eric deCarbonnel
November 7, 2009
www.marketskeptics.com

INTERNATIONAL. Gold is becoming money once again.

The market for the standard gold one-ounce coin is no longer fragmented. Both the ugliest and the most beautiful gold coins are traded strictly by the quantity and quality of metal content, disregarding the outward appearance of the coin. Buy Gold Now

Even Indian gold buyers, who, for years, considered buying jewellery to be the best investment option, are shifting from buying gold jewellery to gold coins.

China is increasing its gold reserves, and India has just bought 200 tons of gold from the IMF. Russia had publicly stated its intention to increase its ratio of gold reserves from 2% to 10%, and Brazil is also considering IMF purchases. Gold inflows into central bank vaults are increasing.

Buy Gold Now

It has been more than 40 years since governments and individuals concerned themselves about physically holding gold, but confidence in the dollar is falling and investors are being “dragged kicking and screaming into the bullish camp” as gold continues to break to the upside.

Gold demand is exploding as Investors turn to gold

Investors around the world are investing in gold bars for their safety. Big investors like David Einhorn are also turning to gold as an attractive alternative to cash, as falling interest rates on savings reduce the opportunity cost of holding gold, a non-interest bearing asset. As Mr. Einhorn put it, "Picking these currencies is like choosing my favorite dental procedure. And I decided holding gold is better than holding cash, especially now that both offer no yield." Finally, a chaotic scramble to secure physical gold has also been unleashed by negative real interest rates (below inflation) which have upset the gold "leasing" machinery in the gold industry, creating a sustained market squeeze.

Surging demand is spurring a rush at Swiss gold refiners, who cannot work fast enough to meet demand. Mints are seeing a sharp rise in sales this year due to interest so strong that dealers are reported a shortage of products such as Krugerrands and one-ounce bullion coins. One German firm is even planning gold ATMs to meet growing demand, with 500 "Gold-to-Go" ATMs to be set up in Germany, Switzerland and Austria this year.

The rush to buy gold is also filling Swiss bank vaults. Swiss gold ETFs are moving large quantities of gold out of London and into Zurich (70 tons as of last may), and they are running out of secure vaulting space (Why doesn't GLD ever have any storage issues? Think about it). This shortage of secure storage extends across Swiss bank system with even gold clearing providers like SIS Clear (who only deals with banking counterparties) running out of space.

China is now the driving force in gold market

China is now the fastest growing market for gold, with Beijing's gold markets reporting record sales. As the Chinese economy rebounds from the global recession this year, China is overtaking India to become the world's top gold consumer. The Chinese authorities are reinforcing this strong demand for precious metals by pushing their citizens to buy gold.

China is now the driving force in the gold market and can be counted on to buy whenever there is a price dip, putting a floor under any correction. So don't expect to ever see prices beneath US$900 again. With growing Chinese demand, Gold is never going back down.

Scary developments in gold

What is really scary about gold breaking the US$1,000 barrier is that it happened in the face of a flood short selling in US futures markets. So while gold was being driven up by Hong Kong buying, it has also been getting killed by unrelenting selling during COMEX hours.

Investors emptying COMEX warehouses Buy Gold Now

In order to secure gold at the lowest possible price, US investors are turning to the complex, lengthy process of taking delivery of gold futures contracts. By buying gold contracts in deliverable months and wait for them to expire, sophisticated investors are emptying COMEX warehouses, but investors are discovering that there is trouble at COMEX warehouses:

1. Delays and complications in the delivery process have become increasingly commonplace. It is taking weeks and possibly even months, and sometimes dozen of inquiries, for investors to get the gold they already own out of the warehouse.
2. More restrictions are being applied to overseas buyers requesting delivery.
3. Some brokerages will not help with the delivery process or refuse to help even after the commissions are paid.
4. The cost in just about everything "COMEX" is increasing
5. Investors withdrawing their 100oz. bars from the COMEX depositories are being given bars with incorrect serial numbers or weight.

With the difficulties and irregularities in the COMEX delivery process, many brokers have doubts as to whether there is gold in inventory to match existing warehouse receipts.

It is absurd that, as gold pours out of the COMEX, warehouse stock data shows nothing.

The sad part is that, even if COMEX warehouse data is to be believed, there is only 66 tons of registered gold backing 1465 tons of gold promised for future delivery. So according to official data, there is only enough gold to cover 4.5% of outstanding COMEX gold futures contracts.

London vaults also being emptied

Like COMEX warehouses, London gold vaults are being emptied. Hong Kong is pulling all its physical gold holdings from depositories in the UK and moving their US$63 million worth of gold home to newly built vaults near the city's airport. Dubai is also planning to withdraw its gold from London. Meanwhile, private investors and Swiss ETFs continue to move gold out of London.

On top of investor demand prying gold out London and COMEX vaults, Germany and Switzerland are reportedly demanding the return of their custodial gold from the US. In the face of this onslaught of demand, the US/UK gold markets are crumbling.

Widespread abnormalities across gold market

The strange activity in gold markets isn't limited to out of control open interest on gold futures or fictitious COMEX warehouse data. Things are going wrong across the gold market.

1. Early this year, The NYSE-Liffe futures exchange ran out of 1 kg bars of gold. Instead of receiving 1 kg bars as per mini-gold futures contracts, clearing members are now being allowed to hand out little slips of paper, called "warehouse depository receipts" (WDR), which gives the holder 1/3rd interest in a 100 ounce bar. Customers are not being allowed to take delivery, unless they can accumulate 3 WDRs. The NYSE effectively substituted the supply of 100 ounce bars for the supply of 1kg bars, which has run out. NYSE-Liffe mini-gold (YG) contract specifications were altered some time after December 31, 2008 to hide this default. Buy Gold Now
2. On March 19, the Fed announced its plan to purchase US$300 billion long-term Treasuries, US$750 billion (toxic) mortgage-backed securities, and $100 billion (toxic) debt issued by Fannie and Freddie. This announcement was INCREDIBLY BEARISH for the dollar and bullish for gold. In the following two days, someone increased open interest in gold futures by shorting 34 tons (1,209,600 ounces) of gold. Who in their right mind would short gold following the fed's plan to go on a buying binge and load up its balance sheet with toxic debt?
3. Two major events happened in the gold market at the end of March this year:
   A) On March 31st, Deutsche Bank delivered 850,000 ounces of gold to COMEX contract holders.
   B) On March 31st, ECB announced it had "sold" 35.5 tons of gold (1,141,351 ounces).
   Circumstantial evidence and common sense suggest that the European Central Bank sold its gold to Deutsche Bank and saved the bank and the COMEX from default.
4. In the last three weeks, significant irregularities significant irregularities have appeared in the gold bar registry of GLD, with the length of the published GLD bar list going from 1,381 pages on September 25, to 208 pages on October 2, then back to 855 pages on October 14.
5. GFMS data on the volume of gold traded on the London market (about 90% of gold traded worldwide) does not tally with the estimated amount of gold bars which conform to "London Good Delivery" standard.
6. On October 29, 2008, the TOCOM added a 'physically backed commodity ETF' as a possible physical for EFP (Exchange of Futures for Physicals) transactions at the exchange. An exchange for physicals (EFP) transaction is when a client gives an IOU for a physical commodity to a broker and that broker opens a short position on the futures exchange in that commodity. Normally, Exchange for physicals is the legitimate process used by producers to sell futures against their future production. However, if the IOU portion of the EFP is not from a commodity producer (i.e.: borrowed a GLD iShares), then you have a problem.]
7. In summary, New York and Tokyo commodity exchanges are now permitting their gold futures contracts to be settled not in real metal but in shares of gold exchange-traded funds (ETFs). This essentially allows those short gold (and the exchanges themselves, which guarantee futures contracts) the ability to transfer their obligations to third parties (commodity ETFs) that may not have the metal they claim to have.
8. Half a ton of gold has disappeared from the Royal Canadian Mint. An independent audit released on July 3rd found no accounting, bookkeeping, or other internal errors could account for about 17,500 troy ounces of gold missing from the mints inventory. Fearing a "run" on its gold, Royal Canadian Mint is reassuring customers their deposits are fully accounted for and in secure vaults. A RCMP investigation into the $15.3 million missing gold is "ongoing." (If half a ton of gold could disappear from one of the most secure buildings in Canada, then isn't it about time for US gold reserves to be audited?)
9. Rob Kirby is reporting some VERY SERIOUS developments in the gold market, which, although I have no way to verify them, seem creditable in light of everything else that I KNOW is going):
   A) During the week of October 5, some large allocated physical transactions that were settled in London under VERY strange circumstances. Banks like JPMorgan and Deutsche Bank (who sold endless amounts of gold futures at prices of 950 to 1025) and then tried to make “side deals” with the folks they sold the futures to – offering them spot + 25 % (around 1,275 per ounce) to settle in fiat – after their counter parties demanded substantial tonnage of physical gold bullion.
   B) A number of large interests have demanded audits of gold stored in London.
   C) In an Asian depository, they've found "Good Delivery" bricks that had been gutted and filled with tungsten.
10. US-based clearing house CME Group Inc. is allowing physical gold to be used as collateral for margin requirements on all exchange products. This new CME policy is an act of desperation. The decision to “allow physical gold to be used as collateral for margin requirements on all exchange products”, against a backdrop of record prices and widespread abnormalities in gold markets, screams that something is wrong. The policy would never have been proposed unless JPMorgan really, really needed gold.
11. Statistics from United States Geological Survey show that the United States has exported 5000 metric tons of "Gold compounds" in last two years, and the US Census Bureau has assigned an astronomically high value to these exports. Until someone explains to me what these “gold compounds” are, I am going to assume that they were half the US gold reserves leaving the country. Buy Gold Now

The gold market is an accident waiting to happen

Basically, the gold market operates on a fractional reserve basis. On average there are several claims of ownership on each gold bar conforming to London Good Delivery (LGD) standard on the "pool" of gold which acts as liquidity for the massive OTC gold trade based in London.

Similarly, there are several claims of ownership on the gold bars in COMEX warehouses. If a sufficient number of market participants become concerned about this (which is happening) and there is a stampede to take delivery of physical bullion, the entire gold market will come crashing down, taking most of the global financial system with it.

Market failure isn't a risk, it is a certainty. The unregulated gold market is an accident waiting to happen.

Chuck Madere
650-366-5307

Here’s Some Good Advise:

There are three things every Internet/Network Marketeer’ needs to make money online. You need a Domain Name; a Hosting Account and an Auto-responder. The ones I use are: Aweber, JustHost, and GoDaddy. These tools are very reliable and are use by professionals all over the world.

Visit Them Today:

Click Here For Aweber

Click Here For JustHost

Click Here For GoDaddy

Here’s Some Great Money Making Sites

Silver Snowball

PLR-GiveAway

Thanks:

If you enjoy reading my posts please do me a favor and view a couple of the AdSense Advertising Ads. Only take a few minutes and gives me an additional income be it small, nevertheless, every click helps me feed my family. Try doing that today.

Here’s Some Very Special Advise:

As you all are aware, the US currency has lost it value. Other countries want nothing to do with the dollar or better said the Federal Reserve Note. I for many years have been an advocate for investing in gold and silver. These are solid investments that never lose but continue to gain value over the years. At the time of this writing gold has surpassed the $1000.00 per ounce price. Silver is also gaining value as silver is precious metal used in all electronic devices. I encourage everyone to check out Gold and Silver today. Click The links below for information.

GoldSilverNews

Chuck Madere Recommends Gold and Silver

Buy Gold Now

Buy Silver Now

Silver Eagle 1 ounce

A Special Hello To My Sons Cyle, Scott, and Garth

http://chuckmadere.com/blog

http://chuckmadere.com/baby_time

http://chuckmadere.com/silverstrike

Related articles by Zemanta

• Investing In Gold - Is Now the Right Time? (frugaldad.com)
• Investing in gold coins | Justmoney News (justmoney.co.za)