Commodities

Jim Rogers: Gold May Drop To Around $1,000 Before Rebounding

According to a report out of Taiwan, well-known investor Jim Rogers suspects the price of gold ($1,199 an ounce as I type this) may be heading lower. The Singapore-based investor was giving a media interview in Beijing recently and shared his outlook- and investing strategy- for the precious metal. From the Want China Times website (English news site of Taiwan-based China Times News Group) yesterday:

Rogers predicted gold may drop to around US$1,000 per once and then rebound to up to US$1,500 per ounce. He will increase his gold assets when the price reaches US$1,000, he said.

(Editor’s note: Bold added for emphasis)

Rogers, who predicted the commodities rally that began in 1999, often talks about gold. Back in November of last year, the chairman of Rogers Holdings and Beeland Interests provided the following in an interview with Burbank, California-based Birch Gold Group (blogged about here):

Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.

First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Source:

“One reminbi to one US dollar in 25 years: Jim Rogers.” Want China Times. 25 Nov. 2014. (http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20141125000058&cid=1203). 26 Nov. 2014.

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Peter Schiff: Gold Will ‘Take A Rocket Ship Back Up’ And Eclipse $5,000

Kitco News anchor Daniela Cambone got the chance to speak to Euro Pacific Capital CEO Peter Schiff on November 18. The “crash prophet” who correctly-predicted the U.S. housing bust and 2008 global economic crisis was at the Grand Cayman Liberty Forum, and here’s what the long-time gold bull had to say about the precious metal. From their exchange:

CAMBONE: So let’s tie this back into gold now. What’s your outlook for the metal? I know you’ve been bullish on the metal. Do you continue to be?
SCHIFF: Yes. I’m bullish. You know, it’s hard to call the short term obviously and people now are trying to say, “Oh Peter, you know, you were saying gold was going to go to $5,000.” It’s going to go to $5,000. And in fact, I looked at some of my CNBC interviews and I was predicting $5,000 when gold was $500. So, it’s not like I just started doing it when it was at $900. Right? I’ve had that target on my mind for some time. And I think we’re going to eclipse it. And I think when this decline is over-and it’s been 2 or 3 years since gold hit its high around $1,900- I think it’s going to rise faster than before. Normally markets go down- they take the stairs up and the elevator down. Well I think that gold is going to take a rocket ship back up, because I think when all the people who have been shorting gold and selling gold realize that they’ve got it wrong, and they want to buy it back- it’s just not there. Because I think the real gold- all the gold that was dumped out of ETFs- I think it’s sitting in vaults in Russia and China, and it’s never going to see the light of day again. So when the buyers want it back, it’s not going to be there…

Schiff proclaimed later:

This is the best fundamental environment I’ve ever seen for gold. And also, I do believe that the dollar’s days as the world’s reserve currency are numbered, and when the dollar is no longer accepted as the reserve currency, what’s going to take its place? It’s not going to be the euro. It’s not going to be the yen. I think it’s going to be gold. I think the world is going to go back to gold…


“Gold Will Take Rocket Ship Back Up – Peter Schiff | Kitco News”
Gold discussion starts at 3:44
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Peter Schiff And Axel Merk Talk Gold

I’ve been so busy lately I didn’t realize Peter Schiff’s Euro Pacific Precious Metals had been rebranded as SchiffGold. And earlier today, I spotted a new Gold Videocast published on SchiffGold.com in which Axel Merk is interviewed. The topic? Gold. From the website:

In this SchiffGold exclusive video, Peter Schiff sits with Axel Merk at the recent New Orleans Investment Conference to discuss gold investing in the midst of the currency wars. Like Peter, Axel was one of the few analysts to warn of the 2008 financial crisis and he remains one of the few analysts independent from the mainstream “recovery” consensus. Their conversation covers the history of gold’s price performance, the upcoming Swiss Gold referendum, the role of physical bullion in a portfolio, and much more.

I found their discussion about gold’s victorious outcome in a currency war and ownership of physical gold particularly interesting. Especially when Peter noted:

It’s not that people want to do something illegal but people fear that the government may do something illegal in the future, may do something oppressive in the future. They might want to confiscate gold but they can’t confiscate it if they don’t know where you have it. If you have it in a brokerage account, they know where it is and they can take it. But if you have it buried somewhere or in a safe, they can’t get at it.

Good stuff, which you can read (full transcript provided) and watch in its entirety on the SchiffGold website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Marc Faber Declares ‘I Want To Own Some Gold Because I Don’t Trust The Financial System Anymore’

Swiss-born investment advisor/money manager Marc Faber was on the Bloomberg Television show Street Smart last week. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report talked with host Trish Regan about a number of financial topics, including gold. From their exchange:

REGAN: I know you have been bullish on gold for pretty much forever, Marc. But now we’re in a situation where gold is at a 4-year low. Goldman now predicting $1,050 an ounce. SocGen saying 1,000 bucks. Where do you see gold finishing the year?
FABER: I would say Goldman Sachs is very good at predicting lower prices when they want to buy something. But that aside, I would say, yes- we are down from $1,900 to $1,160 or something like this, and it’s been a miserable performance since 2011. However, from the ’99 lows we’re still up more than four times. So, I just looked at performance tables over 10 years and 15 years- gold hasn’t done that badly. Has done actually better than stocks. Now I personally, I think that we may still go lower- it’s possible, I’m not a prophet. But I’m telling you- I want to own some gold because I don’t trust the financial system anymore. I think the whole thing is going to collapse one day. And then I’ll be happy to have some assets. But of course the custody is important. I wouldn’t hold my gold at the Federal Reserve because they will lend it out. I wouldn’t hold my gold in the U.S. at all.


“More Americans ‘Can’t Afford’ to Buy Homes, Faber Says”
(Gold discussion begins at 7:30)
Bloomberg Television Video

This isn’t the first time Dr. Faber has warned about storing gold in the United States. He told CNBC’s Amanda Drury on August 16, 2013:

I have a preference for physical gold held in a safe deposit box outside the United States and preferably in Asia, for a variety of reasons.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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JM Bullion Offering 2014 Silver Eagles At $2.49 Over Spot And Other Deals

Anyone been watching the price of silver lately? The spot price is currently $18.58 an ounce as I type this. In case any Survival And Prosperity readers are looking to acquire more physical silver at the beaten-down prices these days, you may want to drop by the website of affiliate marketing partner JM Bullion (reviewed here) to check out their 2014 American Silver Eagle $2.49 over spot any quantity up to 499 deal and other silver coin specials. From the company’s e-mails this week:

This week we are offering the 2014 American Silver Eagle at just $2.49 over spot for any quantity up to 499 and just $2.35 over spot for Monster Box or more quantities. These coins are in stock and ready to be shipped…

For the first time ever, Sunshine Mint Buffalo Rounds are now available for purchase! Each round has been struck in 1 troy ounce of .999 fine silver and boasts Sunshines MintMark SI security feature on the reverse. The 1 oz Sunshine Mint Silver Buffalo Round is now available on presale for as low as 84¢ over spot (shipping from 9/17). With silver spot prices falling under $19 per ounce as of this post, today can be a great opportunity to take advantage of these low prices…

On sale while supplies last is the $1,000 face value bag of 90% silver coins which is available for just 89¢/oz over spot price. Each bag contains approximately 715 troy ounces of pure silver and includes pre-1965 U.S. dimes and/or quarters and/or half dollars. Be sure to take advantage of these low premiums while supplies are still available!

(Editor’s note: Bold added for emphasis)

All orders at JM Bullion are shipped completely free of charge and include full tracking and insurance.

Click on the banner ad below, where you’ll be taken to the JM Bullion website. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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JM Bullion Has Silver Britannia, Silver Wood Bison Coins On Sale

Speaking of silver this afternoon, I received the following e-mail this morning from an affiliate marketing partner of Survival And Prosperity, JM Bullion (reviewed here):

2013 Silver Wood Bison Just $3.99 Over Spot + Silver Britannias On Sale

Discounted this week via our On Sale page is the 2013 Silver Britannia (BU), the 2014 Silver Britannia (BU), and the 2013 1 oz Canadian Silver Wood Bison (BU). These coins are available for just $2.99, $3.29, and $3.99 over spot respectively. All of these deals apply for purchases of any quantity and this special pricing will only be available while supplies last…

Remember, free shipping on all orders at JM Bullion.

Click on the banner ad below, where you’ll be taken to the JM Bullion website. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Peter Schiff Bullish On Foreign Stocks, Gold, And Silver

Euro Pacific Capital CEO/Chief Global Strategist Peter Schiff appeared on the FOX Business show Countdown to the Closing Bell last Wednesday. Host Liz Claman asked Schiff, who correctly-predicted the housing market crash and 2008 economic crisis, about where he was investing these days. He replied:

Well, my strategy has been the same for quite some time because I understand the problems that underlie the U.S. economy, how the Federal Reserve is exacerbating them in the name of trying to solve them, and so I want to invest abroad. We still favor equities, but I look at international equities. I look at value. I look at good dividends. And I want to own companies that are not dependent on the consumer…

A map was subsequently displayed that showed “Peter’s Global Area Picks”- Australia, Chile, China, Denmark, Hong Kong, Mexico, New Zealand, Norway, Peru, Singapore, and Sweden.

Claman also brought up precious metals in the discussion. Particularly, silver. From their exchange:

CLAMAN: Let’s put up the miners, because you feel that the miners now have an opportunity to really rise. Silver below $20 an ounce these days. That seems to me like a good buy because it’s so cheap.
SCHIFF: Well, it did get as high as $50 a couple of years ago. But it started the rally from below $4. So, we’re in a big bull market. We’ve been pausing for the last couple of years. But I think it’s the pause that’s going to refresh. I think what drove the metals market lower in 2013 was the false belief in a U.S. recovery, and the idea the Fed was through with QE, and that we were on the verge of a tightening cycle. None of that is true. We are slipping back into recession. Janet Yellen is going to launch an even bigger round of QE than what Bernanke launched. And this is going to be very bullish for gold and silver. But it’s not going to be bullish for the U.S. economy.


“Safeguarding Your Portfolio By Investing Abroad”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Marc Faber: ‘The Gold Market Has Bottomed-Out’

Well-known investment advisor/money manager Marc Faber was on the FOX Business show Opening Bell last Wednesday. Speaking by phone, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report was asked by host Maria Bartiromo about the geopolitical instability going on and investing in such an environment. From their exchange:

BARTIROMO: Mark, what do you think? What would you be doing right now as an investor?
FABER: Well, basically, I always own some shares. Most of my shareholdings are in Asia… In Asia, the Indian market is up 22 percent year-to-date. The Thai market is up 20 percent in dollar terms. Jakarta is up 24 percent. Philippines up 18 percent. Karachi up 17. Ho Chi Min up 17.
BARTIROMO: So you want to continue to stay exposed to Asia then and not the U.S.?
FABER: Yes. Yes. I worry about the geopolitical tensions, and they have an impact on Vietnam. But I think all the Asian countries are so China-centric that there won’t be a military conflict. There’ll be rattling and disputes and so forth. But the U.S. doesn’t have the power to really wage a war in Asia. That we have to be very clear about.
BARTIROMO: Mark, very quickly, the bottom line on the U.S.- do you think we’re going to see a sell-off this year?
FABER: Yes.
BARTIROMO: How significant?
FABER: As I told you before, I would own some gold, because I think the gold market has bottomed-out. Year-to-date, the junior gold mining index is up 40 percent.


“How geopolitical issues could derail the markets”
FOX Business Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Jim Rickards Suspects China Behind Gold Price Manipulation As It Buys Metal To Hedge Against Dollar Devaluation

Euro Pacific Capital CEO and Global Strategist Peter Schiff just got done interviewing Jim Rickards, an American lawyer, economist, investment banker, and best-selling author. Rickards, who released The Death of Money: The Coming Collapse of the International Monetary System, this spring, spoke with Schiff about the global gold markets. What he had to say about China and its steady accumulation of physical gold (reserves now totaling close to 4,000 tons, Rickards speculates) was extremely interesting. Some might say shocking. From the exchange:

Now there’s been a lot of speculation the reason they’re doing this is they want to launch a gold-backed yuan currency to defeat the dollar. That’s not going to happen. That’s not even close. The reason is that the yuan’s not ready to be a reserve currency because they don’t have investable assets. There’s no rule of law. There’s no mature bond market in China. But what they are doing, is creating a very simple hedge position… So you’ve got $4 trillion of paper reserves, most of them U.S. dollars. You can’t dump them. If you’re going to try and sell a fraction… the Treasury market’s big- it’s not that big. If they try and do something more aggressive, the President of the United States can actually stop them just by freezing their accounts. So what you do is buy up a pile of gold. So now, the Chinese want a stable dollar. They would love a stable dollar. But if the U.S. tries to devalue the dollar, tries to cheapen the dollar through inflation- remember, every 10 percent of dollar inflation is a $300 billion wealth transfer from China to the United States. So if you cheapen the dollar with inflation, they lose money on the paper, but they make money on the gold. So they’re building a hedge position. They’re not done yet.

I’ve heard it claimed before that China is accumulating gold to back the renminbi. But Rickards says this isn’t the case. Even more eye-opening than the dollar hedge theory was something he said later on in the interview:

The gold manipulation, by the way, is so blatant at this point, if I were the manipulator I’d be embarrassed… The question is, who’s doing it? And people like to point a finger at the Fed and maybe through the BIS- they have a hand in it. But my number one suspect is China for the reason you mentioned, Peter. If you’re out to buy 3,000 tons, you don’t want the price to be high yet. Maybe later you do. But for now you want the price to be low.


“Interview: Jim Rickards & Peter Schiff Discuss Global Gold Markets [Full Discussion]”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Peter Schiff On Direction Of Interest Rates, Housing, And Gold

Last Friday, “crash prophet” Peter Schiff added a new entry to his YouTube video blog- The Schiff Report. The CEO/Chief Global Strategist of Euro Pacific Capital warned viewers that the Federal Reserve is bluffing about raising interest rates. Schiff- who correctly-called the bursting of the housing bubble in addition to the 2008 economic crisis- also touched on the direction of the residential real estate market and gold. On interest rates and housing, he pointed out:

The risk is that the Fed doesn’t tighten at all, which is exactly what’s going to happen, because they can’t tighten. If the Fed actually tightens, the recovery is over. The recovery that is supposedly giving them the confidence to raise rates- it can’t exist if they raise rates. In fact, if the Fed could raise rates, they would have already raised them. I mean, it’s been over five years. They’re still at zero. And they’re saying rate hikes are a year way maybe. Why? If the economy is recovering, why can’t the Fed raise rates? Because if the Fed raised rates, we’d be right back in recession. Because it’s a phony recovery. That’s what people have to understand. It’s not real. It’s only here as long as the Fed can artificially sustain it, which she might. The minute they raise interest rates, that party’s over. The stock market’s going down. The real estate market’s going down.

And by the way, we had a plethora of negative numbers all week for the housing market. You could put a fork in this phony housing recovery, because it’s done. The market is going down. Housing prices are heading back down. Housing activity is slowing. I think a lot of layoffs are coming in construction because this market’s grinding to a halt…

The Fed is bluffing. This is all bark and no bite. It is impossible for the Fed to raise interest rates. If they could do it, they would have already done it. If they raise interest rates now, they destroy the very recovery that the low interest rates created. The problem is, if it isn’t a real recovery, it’s phony. If it was real, it wouldn’t need the Fed to support it. The only reason it does need the Fed’s support is because it’s imaginary. It’s phony. Because the actual economy is getting worse.

What the Fed is doing to goose the stock market, and the real estate market, to create this phony wealth effect, is undermining legitimate wealth creation. All the money we’re borrowing to spend is interfering with legitimate, genuine economic growth. And we’re just digging ourselves into a bigger and bigger hole…

The problem is, we’re going to have the next recession, and the Fed’s still going to be at zero. They’re still going to have this bloated balance sheet. And again, it’s not that the Fed is never going to raise rates. They’re just not going to do it voluntarily. They’re not going to do it as a decision. They’re not going to do it until they have to. And it’s not going to be a strong economy that’s going to force them to raise rates. Because I don’t care how strong the economic data is- they ain’t going to raise rates. And it doesn’t matter how bad the inflation data is- they’re still not going to raise rates. They’re not going to raise rates until the dollar collapses. Until foreigners no longer want to hold the dollar, because they understand the predicament that the Fed is in. They understand that it is QE forever. That it is all just talk. There is no exit strategy. There never was. Because exit is too painful. This is the end game of QE. This is the all in. This is the overdose.

On gold, Schiff predicted:

Janet Yellen is not going to wage war against inflation. She has already surrendered to inflation. It’s just that a lot of people haven’t figured that out yet. So, because people think that Janet Yellen might raise interest rates sooner rather than later because of inflation, they sold gold. If they knew the truth, that Janet Yellen isn’t going to care about the inflation, that’s she’s just going to let it get worse because she is too afraid to challenge inflation for fear of what it will do to the economy, to the stock market, to the housing market, the job market. So she is going to allow inflation to not only continue, but accelerate. And that is what’s good for gold.


“Ending QE is Bad, Not Ending it is Worse”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Jim Rogers On Coming Fed Moves, Investing Opportunities

I just got finished reading an interview of well-known investor, author, and financial commentator Jim Rogers by The Economic Times (India) a short time ago. Published yesterday, the former investing partner of George Soros shares his thoughts on a number of topics, including:

• Investing opportunities during wartime (commodities, including crude oil, gold)
• Federal Reserve coming moves (continued tightening, then full-reverse)
• Crude oil price movement (higher and in a holding pattern)
• Gold price movement (suspected buying opportunity in next year or two)
• Other investment opportunities (industrial metals, natural gas)

Lots of good insights dragged out of Mr. Rogers by the Times crew, which you can read all about on their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Peter Schiff On Gold: ‘We’re Going To Have A Big Rally Probably Beginning Here In The Second Half Of 2014’

It’s been a little over a month since I last blogged about “crash prophet” and head of Euro Pacific Capital Peter Schiff. But tonight, I’ll be talking about the first-ever installment of Peter Schiff’s Gold Videocast (which replaces the monthly Peter Schiff’s Gold Newsletter). Schiff, who also heads up Euro Pacific Precious Metals, told videocast viewers on July 9:

I think that the sellers have been exhausted in the gold market, and the buying continues. And when we run out of sellers- again, there’s only one direction for the price of gold. And I think once all of these speculators that have been shorting gold discover that their premise is wrong- that we’re not going to get this vibrant recovery. And that we’re not going to get less QE, we’re going to get more. That we’re not going to get rate hikes, but the Fed is going to keep interest rates at zero in order to prop up this phony, bubble economy that they’ve inflated. You’re going to have to see this mad rush from all the short sellers who are going to be anxious to buy back their money losing positions. But that’s going to be a lot more difficult, because there’s not going to be a lot of gold around. Because a lot of the gold that was liquidated in the second half of 2013 is not going to be available for sale in the second half of 2014. That gold was probably purchased by entities that never intend to sell it.

So I think we’re going to have a real short squeeze and we’re going to have a big rally probably beginning here in the second half of 2014. But maybe gathering momentum as the year comes to a close.

Schiff, who is credited for calling the U.S. housing bust and 2008 economic crisis, added:

I expect the price of silver to rise. Other precious metals- platinum- and commodities in general are all responding to the inflation that the Fed is creating to prop up this phony economy. All the while denying that inflation is a problem.


“Gold Videocast: Gold’s 2014 Half-Time Report”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Jim Rogers: Some Currencies, Real Assets Could Shine When Coming Bust Arrives

Enough about Chicago already. Let’s talk money.

Last time I blogged about well-known investor, author, and financial commentator Jim Rogers, he shared this warning regarding the ocean of liquidity that’s been created by unprecedented money printing via the world’s central banks:

When it ends, we will all pay a terrible price.

That was the end of May. And now?

Disturbingly, he’s singing the same tune.

Elena Torrijos reported on the Yahoo! Finance Singapore website yesterday:

He doesn’t know when the party is going to end, but he believes when it does, “we’re all going to suffer very, very badly”. He said the US would also fare worse than it has in previous economic setbacks because the country’s debt is now so much higher than before.

“So the next one [economic bust] is going to be much worse… so be worried, be careful and be prepared,” he warned.

Everybody should have a game plan, he said. “Learn how to cut back if you need to, even learn how to sell short. Short sellers are going to earn a lot of money the next time around,” he pointed out.

(Editor’s note: Bold added for emphasis)

The Singapore-based Rogers suggested certain currencies could initially offer refuge when the “bust” arrives. Torrijos added:

He believes some currencies are going to do well in that time of turmoil. “The Chinese renminbi, for instance, will probably continue to do extremely well over the next few years. I even own the US dollar at the moment. The US dollar is a terribly, terribly flawed currency, but at the moment I own it because when the turmoil comes many people will flee to what they see as a safe haven,” he said.

When invariably central banks start printing money to pump prime their economies, he’s not sure which currency he’d flee to. “Maybe the renminbi, maybe gold, probably real assets, because once the floodgates open even more, the value of paper money everywhere is going to go down a great deal,” he said.

(Editor’s note: Bold added for emphasis)

What about commodities- something with which the former investing partner of George Soros is so closely identified with? Back on December 3, 2013, Rogers appeared on The Lang and O’Leary Exchange, a Canadian business news television series which airs weekdays on CBC Television and CBC News Network. He told host Amanda Lang:

This is going to end badly. We’re all floating around on a sea of artificial liquidity right now Amanda. This is not going to last. No, no. And when it ends, the bull market in commodities will probably end too. But, the bull market in a lot of stuff will end.

(Editor’s note: Bold added for emphasis)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Source:

Torrijos, Elena. “Jim Rogers reveals his Singapore investment strategy.” Yahoo! Finance Singapore. 14 July 2014. (https://sg.finance.yahoo.com/news/jim-rogers-reveals-his-singapore-investment-strategy-153319907.html). 15 July 2015.

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Resource Of The Week: Gold & Silver Vault App By GoldSilver.com

I meant to end last week on a high note- with a “Resource Of The Week” post- but was just too spent being sick and all. I’ve recovered. And before I start getting on a roll with this week’s blog material, I wanted to get that ROTW out to readers.

Now, as I’ve mentioned before on Survival And Prosperity, I’ve been a keen observer of gold and silver for some years now. And people who’ve been following the price action of these precious metals lately will tell you these are very interesting times (gold dropped to a 16-week low, silver to an 11-month low, last week).

Particularly if you hold either of the two as an investment/trading vehicle.

With all that’s been going on lately, more people might desire to keep a close eye on the latest gold and silver news and prices. Perhaps even keep track of the value of their holdings.

Enter the Gold & Silver Vault App by affiliate marketing partner GoldSilver.com. The Santa Monica, California-based gold and silver educator and dealer (reviewed here) now offers a free “app” for the Apple iPhone and Android which lets users track their gold and silver investment value 24/7:


“Gold & Silver Vault Phone App TVC V2”
YouTube Video

Looks very useful and informative. Too bad I don’t own a smartphone (maybe one of these days). But readers might.

Check out the Gold & Silver Vault App on GoldSilver.com via the banner ad below. The app can be found on the “Goldsilver” tab, in the “Knowledge Center” drop-down menu near the top of the page. Please note that by clicking on the ad and purchasing a product from GoldSilver.com, I receive a commission from the sale.


GoldSilver.com - Buy Gold & Silver

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: Link added to SP “Resources” page)

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Quote For The Week

“The desire of gold is not for gold. It is for the means of freedom and benefit.”

-Ralph Waldo Emerson (American essayist, lecturer, and poet. 1803-1882)

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Christopher E. Hill, Editor
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