3 votes

Peter Schiff On the Recent Gold Pullback

The past couple weeks have seen a strong pullback in both commodity prices and stocks. Gold fell sharply off its peak after soaring just past $1,900. Volatility in commodity, currency and equity markets has been very high recently, and these short-term price movements have Wall Street pundits in an uproar.

1 vote

Jim Rogers: Gold price correction will last for several months; buy on dips

In an interview with ET Now, Jim Rogers, Chairman, Rogers Holdings, shares his outlook on commodities and the falling rupee. Excerpts:

Gold has been down 10% in the past week and is at an 8-week low today. Given this, what is your outlook for gold prices and do you see gold near $2000 per ounce in the near to medium term?

-20 votes

Precious Metals no Longer a Safe Haven

Last week there was a major paradigm shift that should trouble all precious metal holders including myself. The problem is that most of the precious metal market is no longer rooted in the value and scarcity of physical material.

5 votes

Why is the U.S. Dollar going up in value?

Most of the reports about the huge Metals sell-off (silver from $44 down to $30) are identifying the cause as "strong demand for the U.S. Dollar".

The Dollar index has indeed risen to nearly 78 (from the low-mid 70s), but this raises a few questions here:

1. Why would the U.S. Dollar be rising in value? There has been no credit tightening, no major reductions in U.S. Debt, no end to the U.S. Wars and overseas spending, and no announcements by the Federal Reserve of any big shift in policy. So why the jump-up?

2. The colossal nosedive in Metals is totally out of proportion with the relatively moderate uptick in the U.S. Dollar. So why would Metals crash altogether (and yes I consider a $44 => $30 cliff-dive to be "a crash").

3. Obviously the Metals market is manipulated, but there has been no new big events like Goldman Sachs going bankrupt, or a CitiBank meltdown to shock the market, or trigger some new manipulation like 2008. Yet it sure feels like we are in a deflationary 2008 meltdown. So what explains this?

1 vote

Plan To Return America To the Gold Standard Set To Be Offered at Washington

NEW YORK — The next big step in the gold standard debate is going to be taken next month at Washington, when one of the original members of the Reagan-era United States Gold Commission offers a five-step plan to return America to sound money.

The architect of the plan, Lewis Lehrman, a businessman and scholar, will present his program in an address October 5 at a conference in Washington on the how to return to a stable dollar. He will outline a five-step program to return America to a gold-backed currency within five years.

more at:

2 votes

New Ron Paul video!

Check out my new Ron Paul video.

Shows the huge support for him at the Los Angeles Straw Poll

Please spread and subscribe to my YouTube channel if you want.



4 votes

Gold and CNN

I was working out today and got my over consumption of CNN International at the gym. One thing I noticed was that CNN was going out of its way to show the gold price. Before and after each commercial for the hour I was in the gym, they threw the price of gold up on the screen, nothing else, just GOLD and a huge red arrow pointing down. It was very strange. It definitely felt like they were cheer-leading the price down. Obviously the talk of the day was Greece, but it seemed the second fabricated "story" of the day was the gold price decline. It made me want to run and buy more....

0 votes

China 'launches gold vending machine'

Sep 25 06:42 AM US/Eastern

China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said on Sunday.

Shoppers in the popular Wangfujing Street can insert cash or use a bank card to withdraw gold bars or coins of various weights based on market prices, the People's Daily said on its website.

Each withdrawal is capped at 2.5 kilograms (5.5 pounds) or one million yuan (about $156,500) worth of gold, the report said.

1 vote

London gold exchange is 'permanently closed for business'!

So what is your take on it?

0 votes

Gold: Independent Money

This video is by the same makers of "Fiat Money"

0 votes

The London Gold Exchange is Permanently Closed for Business.

Due to operational difficulties the London Gold Exchange is permanently closed for business.

Thanks to all of our members.

London Gold Exchange
International Digital Currency Trader


1 vote

Why Is Ron Paul Appealing To You?

A great response to an important qustion! What is yours?

(@ 4:34)

And I like the "Slug" too. :) (Broadcasting Humor...hee, hee)
"Nader on why should democrats register as REPUBLICANS"

4 votes

Swiss stock exchange bets on gold

Hi all,

Thought you might find this of interest. I originally came across it at

"Is gold becoming the new currency? The Swiss stock exchange will soon offer clients the possibility of having post-trade profits paid out in gold." - by Sophie Douez

As Ron Paul says in his book, The Case for Gold, it's not a question of if we're going to the Gold Standard, it's only a question of when.


1 vote

Ron Paul: I buy gold to protect my family (video)

What a fool for "systematically" buying gold at $35 per oz.

0 votes

Ron Paul: Gold is money 2006 (video)

Good explanation from 2006 of how to think of gold when you buy it.

Syndicate content