Just as you are in a position to determine from this, gold prices & silver prices will keep on increasing rapidly over the following months. Precious metals have a lot of room to rise. Now is really a great time to buy gold & buy silver
PRLog (Press Release) – Jun 11, 2011 – China is making ready plans for the ultimate extinction of the U.S. dollar. Li Lianzhong, a senior economist within the ruling Chinese Communist Celebration, directly attacked the dollar lately. Li’s message is easy: China ought to buy more gold simply because the dollar is poised for a further fall. Li also said that China ought to use much more of its $1.95 trillion in foreign reserves to buy energy resource assets. Visithttp://silver-
China has revealed it had increased its holdings of gold to over 1,200 tons coming from 600 tons since 2003. Data cited December, 2010 by China’s state-run Xinhua news agency showed that China imported 209.7 metric tons of gold within the first ten months of 2010, a fivefold increase compared with the exact same period last year.
The main thing is China has been our banker giving credit by purchasing our Treasuries and financing our way of life and our Dollar dominance for a very long time. Those days are over. And who will purchase our debt now? Why of course, the Federal Reserve will. That’s right, the Fed will invent cash out of thin air to purchase and support our exponential debt requirements. And that’s a one-way ticket to huge inflation and/or hyperinflation. Visit http://silver-
The Largest Monetary Players Are Purchasing A Lot of Gold
The planet's wealthiest individuals have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the monetary system, bankers catering towards the very rich have reported. Fears of a double-dip downturn have boosted the hunger for physical bullion as well as for mining company shares as well as exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit. "They do not only buy ETFs or futures; they buy physical gold," said Stadler, who operates the Swiss bank's services for clients with assets of a minimum of $50 million to invest.
UBS is advocating top-tier clients hold 7-10 percent of their assets in precious metals like gold that is on course for its tenth consecutive year. "We had a clear instance of a couple purchasing over a ton of gold ... and carrying it to another place," Stadler said. At current prices, that shipment would be worth about $42 million.
Julius Baer's chief investment officer for Asia can also be recommending that wealthy investors park some of their assets in gold as a defensive stance following a chain of lackluster U.S. information and amid concerns about currency weakness. "I see gold as an insurance coverage," Van Anantha-Nageswaran said. "I suggest ten % as minimum in portfolios and anything more than that to be used for trading purposes, to respond to short-term over-bought or over-sold signals." Visit http://silver-
This is an ideal illustration of an age-old idea: When paper is dying, you getaway into “money insurance” and simply wait out the storm. It is as easy, simple, and intuitive as that. Gold is history’s eternal and safest form of money.
Emerging marketplace countries are quietly buying gold aggressively. In the past 12 months, Russia, China, and India moved part of their Western currency reserves into bullion. The shift was substantial enough to push gold prices greater even as equity marketplaces settled down. This year’s gold rush is a result primarily of buying pressure from emerging market banks, not worried retirees purchasing coins. So why is this essential? The long term of the international economic climate is in the East. Instead of multiple-trillion dollar debts, China, Russia, and India have currency reserves. These governments are slowly moving their reserves from fiat currencies such as the dollar to much more stable stores of worth like gold. This is really a clear sign that confidence is waning within the US government’s ability to pay off debt. They're, in essence, shorting the US economy and discovering other stores of worth besides the dollar.
Is the larger image coming into just a little much more focus now? There is nothing unusual or surprising about this. It is the perfectly natural result of a doomed fully fiat currency system. As soon as all restraint has been suspended for cash creation you have pre-determined the ending result because you’ve let loose unlimited credit, which means unlimited debt. And you wind up with a Ponzi scheme of ever-increasing debt to pay for prior obligations and interest. That's why fiat currencies have a 100% failure rate. They spiral out of control as each generation of debt must be bigger to satisfy the previous generation of principal as well as interest payments. As you can figure out from the above, gold prices and silver prices will plow ahead on rising quickly over the next months. This day is a great time to purchase gold and purchase silver for protection for you assets.
China has revealed it had increased its holdings of gold to over 1,200 tons coming from 600 tons since 2003. Data cited December, 2010 by China’s state-run Xinhua news agency showed that China imported 209.7 metric tons of gold within the first ten months of 2010, a fivefold increase compared with the exact same period last year.
The main thing is China has been our banker giving credit by purchasing our Treasuries and financing our way of life and our Dollar dominance for a very long time. Those days are over. And who will purchase our debt now? Why of course, the Federal Reserve will. That’s right, the Fed will invent cash out of thin air to purchase and support our exponential debt requirements. And that’s a one-way ticket to huge inflation and/or hyperinflation. Visit http://silver-
The Largest Monetary Players Are Purchasing A Lot of Gold
The planet's wealthiest individuals have responded to economic worries by buying gold by the bar -- and sometimes by the ton -- and by moving assets out of the monetary system, bankers catering towards the very rich have reported. Fears of a double-dip downturn have boosted the hunger for physical bullion as well as for mining company shares as well as exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit. "They do not only buy ETFs or futures; they buy physical gold," said Stadler, who operates the Swiss bank's services for clients with assets of a minimum of $50 million to invest.
UBS is advocating top-tier clients hold 7-10 percent of their assets in precious metals like gold that is on course for its tenth consecutive year. "We had a clear instance of a couple purchasing over a ton of gold ... and carrying it to another place," Stadler said. At current prices, that shipment would be worth about $42 million.
Julius Baer's chief investment officer for Asia can also be recommending that wealthy investors park some of their assets in gold as a defensive stance following a chain of lackluster U.S. information and amid concerns about currency weakness. "I see gold as an insurance coverage," Van Anantha-Nageswaran said. "I suggest ten % as minimum in portfolios and anything more than that to be used for trading purposes, to respond to short-term over-bought or over-sold signals." Visit http://silver-
This is an ideal illustration of an age-old idea: When paper is dying, you getaway into “money insurance” and simply wait out the storm. It is as easy, simple, and intuitive as that. Gold is history’s eternal and safest form of money.
Emerging marketplace countries are quietly buying gold aggressively. In the past 12 months, Russia, China, and India moved part of their Western currency reserves into bullion. The shift was substantial enough to push gold prices greater even as equity marketplaces settled down. This year’s gold rush is a result primarily of buying pressure from emerging market banks, not worried retirees purchasing coins. So why is this essential? The long term of the international economic climate is in the East. Instead of multiple-trillion dollar debts, China, Russia, and India have currency reserves. These governments are slowly moving their reserves from fiat currencies such as the dollar to much more stable stores of worth like gold. This is really a clear sign that confidence is waning within the US government’s ability to pay off debt. They're, in essence, shorting the US economy and discovering other stores of worth besides the dollar.
Is the larger image coming into just a little much more focus now? There is nothing unusual or surprising about this. It is the perfectly natural result of a doomed fully fiat currency system. As soon as all restraint has been suspended for cash creation you have pre-determined the ending result because you’ve let loose unlimited credit, which means unlimited debt. And you wind up with a Ponzi scheme of ever-increasing debt to pay for prior obligations and interest. That's why fiat currencies have a 100% failure rate. They spiral out of control as each generation of debt must be bigger to satisfy the previous generation of principal as well as interest payments. As you can figure out from the above, gold prices and silver prices will plow ahead on rising quickly over the next months. This day is a great time to purchase gold and purchase silver for protection for you assets.
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