Silver Guru David Morgan is interviewed by Fox Business News Anchor Tracy Byrnes.
“Essentially the price movements like we’re seeing lately are indicative of “flight to safety”.”
“The long term bull market is still in tact. The fundamental fact remains that Gold and Silver is the place to have your money.”
http://blog.agrmint.com/fox-business-news-with-david-morgan-gold-silver/
Troy Asset Management began buying gold at $450 an ounce in 2005 and now has 16pc of its £60m Troy Spectrum fund invested in the precious metal. Troy’s co-manager Francis Brooke tells Robert Miller why he believes the value of gold will continue to rise.
This 4:42 minute video interview was posted over at The Telegraph yesterday afternoon and I thank Roy Stephens for bringing it to my attention…watch video Continue reading
If you’ve played Fantasy Sports, chances are you’re looking for the star player to help you earn points. Well the elements of your portfolio could be viewed in the same way.
Here’s something unexpected. According to IMF data, the central bank of Kazakhstan recently purchased 3.1 metric tons of gold, increasing its reserves by 4.2%. In an even more stunning development, Mongolia’s central bank purchased 1.2 metric tons, increasing its reserves by a whopping 52%.
Gold is investors’ favorite asset for 2012, and developed markets are preferred over emerging markets when it comes to putting money in stocks or bonds, according to a poll carried out by Japanese investment bank Nomura.
Of the 164 investors who took part in Nomura’s poll, 19.5 percent said they would choose to buy gold and hold it until the end of the year. Other favored assets were stocks and investment-grade corporate bonds in developed markets, with about 13 percent of responses.
Emerging market stocks came next, getting about 10 percent of the votes, on a par with developed markets’ sovereign bonds.
Watch CNBC Video: Continue reading
“When the bull market for precious metals once again begins to paw the ground, Silver will see a greater percentage rise in price.”
“There have been several times in financial history when the gold-silver ratio, now 53:1, has fallen to 10-15:1. ….suspect that before this bull market runs its course, the low end of the ratio could come into play.” Continue reading
“a strategic investment commitment to gold and gold shares continues to make sense based on the prospect for continued monetary debasement. The difficult correction of the last four months has shaken out all but the strongest holders, a perfect set up for advances to new all- time highs in the coming year.” Continue reading
Legendary investor George Soros was a major buyer of gold ( GLD , quote ) late in 2011. Even though gold closed the year at a six-month low, Soros and other gold bulls such as Steve Cohen of SAC Capital will be rewarded if Federal Reserve Chairman Ben Bernanke launches into a third round of quantitative easing.
All the major countries in the world are in a race to debase their currencies in order to restart their economies. Either economic growth returns or—as some doomsayers predict—the 40-year run of fiat currencies ends.
Original Post:
Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm said silver is set for an even greater upward run than gold, with the market due to correct a distortion in its pricing of silver in relation to gold.
Gold and silver currently price at a ratio of around 45:1. However, Gmuer said declining silver output over the last 60 years—as a result of inventory depletion and mine closures—meant silver supplies currently outnumber gold by a ratio of less than 10:1, thus indicating a market correction is due.
Once this occurs, Gmuer said that silver prices would settle at 10 percent to 15 percent of gold. This implies that if gold reaches $6,200 per ounce, silver will peak at between $620 and $930 per ounce.
Full Article at: CNBusinessNews.com
