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Guest Commentaries

POSTED ON July 9, 2013  - POSTED IN Guest Commentaries

In a new commentary on Forbes, Todd Ganos steps back and looks at gold’s recent volatility through the lens of the yellow metal’s traditional role: gold as stable, incorruptible money.

“Recently, there has been quite a bit of volatility in the dollar price of gold.  It certainly can’t be that the fundamental value of the United States dollar is experiencing wide swings.  We don’t see the dollar price of bacon or bread or a car wildly gyrating.  But, given that gold is money, in a sort of cross-currency context, the prices of bacon, bread, and a car ARE wildly gyrating . . . relative to gold.  Of course, history would suggest to us that the price of bacon, bread, a car, gold or most anything should be stable relative to each other over the long run.  So, it would seem that the recent price swings in gold are driven by speculation as opposed to fundamentals.”

Read the Full Commentary Here

Forbes Gold

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POSTED ON June 21, 2013  - POSTED IN Guest Commentaries

Looks like this leprechaun only had fiat cash – real gold and silver can’t be redistributed. TGIF!

Obamas-Pot-of-Gold

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POSTED ON June 14, 2013  - POSTED IN Guest Commentaries

A little humor to brighten up your Friday.

Fools Gold

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POSTED ON June 10, 2013  - POSTED IN Guest Commentaries, Videos

Enjoy this fascinating video in which Jim Rickards narrates a possible storyline of an international currency war crisis. Take note of how important a role gold plays in the escalation of economic hostilities and ask yourself if you’d rather be stuck owning precious metals or fiat currency.

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POSTED ON May 28, 2013  - POSTED IN Guest Commentaries, Interviews

Forbes just published an exclusive interview with Ron Paul, conducted by Kitco News. Paul spoke about how precious metals investors shouldn’t get caught up watching the short-term trends in gold. Instead, he keeps an eye on the failing purchasing power of the dollar.

“‘It is up and down, and it has been doing that a lot lately,’ Paul said. ‘If (investors) are in gold for a short time to make a quick killing that ought to make them very nervous,’ he said of gold’s recent correction in April…

Paul said that historically there have been high periods of volatility but it is important to look past these short-term corrections. Looking back, Paul reflected that in the 1970s gold went up to almost $200 an ounce then plummeted back down to close to $100 an ounce two years later.

‘Everybody thought the world had ended for gold,’ he said. Paul added these should have been seen as simply corrections in a roaring bull market.”

Read the Full Interview Here

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POSTED ON May 13, 2013  - POSTED IN Guest Commentaries

Gold bars might leave a big bruise, but who is really hurt by the ongoing trend of Eastern countries ditching their US dollar reserves in favor of gold? Enjoy.

Currency War China vs US

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POSTED ON April 29, 2013  - POSTED IN Guest Commentaries

In a Forbes op/ed released today, Ralph Benko examines the growing popularity and mainstream acceptance of the gold standard “debate.” Economists who once derided the practicality of a gold standard are recognizing the importance of a serious discussion about returning to a sound money system.

“Whether one supports it or opposes it, the gold standard no longer is seen by most serious thinkers as fringe. It no longer is dismissible merely by invoking shibboleths like “barbarous relic” or “cross of gold.” Facts are stubborn things, as John Adams once observed. Facts are much more stubborn than mere mockery.

There are reasons for the turnaround in the gold standard’s reputation. Rigorous thinkers such as analysts from the Bank of England, in its December 2011 Financial Security Paper No. 13, “Reform of the International Monetary and Financial System, have assessed the performance of the fiduciary dollar standard and found it deeply inferior to the actual performance of both the gold and of the (before it inevitably, due to an inherent latent defect, collapsed) gold-exchange standard. Now, after 12 years of “Dark Ages” economic growth rates, the incumbent monetary policy elites are beginning to appear slightly desperate to justify their prestige and attendant privileges.”

Continue Reading Full Commentary

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POSTED ON April 25, 2013  - POSTED IN Guest Commentaries

The Silver Institute released their World Silver Survey 2013 this week. This thorough report on every aspect of the global silver market shows robust investment demand contributed to silver achieving its second highest average annual price on record in 2012.

“Robust global silver investor demand was the dominant driver of silver prices last year, accounting for almost a quarter of total silver demand. Averaging $31.15 per ounce, 2012’s price level was the second highest on record, behind the average reached in 2011. While last year was a volatile year for most precious metals, globally, silver investment rose to a total of 252.7 million troy ounces (Moz). That figure represents approximately $8 billion on a net basis, substantially above the annual average of $1.2 billion over the 2001-10 timeframe, according to “World Silver Survey 2013,” released here today by the Silver Institute.

Investors remained significant net buyers of silver in 2012, as evidenced by the 21 percent increase in implied net silver investment (which includes physical bar investment, exchange traded funds and fund activity on Comex) to set an all-time high of 160.0 Moz. By comparison, in 2004, the level of implied net silver investment was 5.4 Moz.”

Read the Full Summary Here

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