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    Senior Member AirborneSapper7's Avatar
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    Gold Signaling That The Monetary System In Grave Danger

    Paul Tustain: Gold Is Sending A Signal That The Monetary System Is In Grave Danger

    Submitted by Tyler Durden
    04/08/2011 14:27 -0400
    75 comments

    Submitted by Chris Martenson http://www.chrismartenson.com/blog/paul ... nger/56181

    Paul Tustain: Gold Is Sending A Signal That The Monetary System Is In Grave Danger

    "When a country's public debt exceeds 90% of GDP, that is the magic number. You get to 90%, there is no way back, and that is the number that the U.S. is going through pretty much as we speak. It is also the number which the UK has gone through; all of the PIGS are going through it, as well. They are all going past the 90% debt to GDP ratio. Obviously, Japan is miles past it already. It's up to 200%+. There does not appear, in the historical analysis, to be any great likelihood of getting back from that level of debt safely. There is this strong evidence that above 90% debt to GDP, you will experience either a cataclysmic default or some form of very serious inflation."

    So observes Paul Tustain, gold market analyst and founder of BullionVault. In his view, gold serves as a beacon who's price is currently signalling the monetary system is in grave danger. He and Chris Martenson discuss the primary factors driving the price of gold and smart strategies for investors looking to build or maintain their holdings of the metal.

    Click here to listen to Chris' interview with Paul Tustain (runtime 56m:55s): http://media.chrismartenson.com/audio/p ... -final.mp3

    Read the Transcript of the Podcast http://www.chrismartenson.com/page/tran ... ave-danger

    In this podcast, Paul covers:

    • The differences between unallocated and allocated buillion and the market problem that led Paul to found BullionVault

    • How central banks have recently shifted to become net buyers of gold after a long period of dis-hording bullion, and how this - combined with surging private investment - has sent demand for the metal skyrocketing

    • Why we're currently experiencing inflation & deflation at the same time: our monetary policy is pushing more and more money into short-term investments, driving up the price of the things we use today (food, fuel, etc) and and lowering prices of the things we finance over longer periods (like houses)

    • Paul's approach to valuing gold and why he sees $3,844/ounce as a defensible (and conservative) estimate of it's appropriate value

    • Paul's perspective on silver, gold miners and ETFs

    • The purpose and advantages of the allocated custodial bullion purchasing & storage model that BullionVault offers

    Click here to read the transcript http://www.chrismartenson.com/page/tran ... ave-danger

    http://www.zerohedge.com/article/paul-t ... ave-danger
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  2. #2
    Senior Member AirborneSapper7's Avatar
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    Perfect Storm For Gold & Silver - Silver Surges 6% In Week To $40.28 – GFMS Forecast $50/oz This Year

    Submitted by Tyler Durden
    04/08/2011 07:47 -0400
    129 comments

    Submitted by Gold Core

    Perfect Storm for Gold & Silver - Silver Surges 6% in Week to $40.28 – GFMS Forecast $50/oz This Year

    Gold and silver reached new record all time and 31 year highs again yesterday and this morning – both nominal highs. Silver has surged to a new 31 year nominal high of $40.28/oz and may now target next resistance at $50/oz – the 1980 nominal high.

    Gold is now targeting $1,500/oz after just reaching new nominal highs at $1473/oz. Gold is higher in all currencies this week but especially the beleaguered yen which has fallen 4% against gold in the week so far.



    The gold and silver markets are experiencing a perfect storm due to the heightened level of geopolitical and macroeconomic risk.

    Debt concerns in the eurozone and in the US (possible government shutdown), surging oil prices due to geopolitical risk in the Middle East and Africa, deepening inflation and the Black Swan risk of natural disasters (another Japanese earthquake has led to problems at a second nuclear plant - Onagawa) is leading to continued safe haven demand from a minority of astute buyers.

    These include high net worth individuals, hedge funds, pension funds and central banks.



    “Speculative frothâ€
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