Our mission at is to provide you with the truth. Our goal is to help as many people including fellow patriots, freedom fighters, and die hard constitutionalists navigate these turbulent economic times and prosper. We believe that gold and silver provide a safe haven for many people who are worried about the demise of the dollar. We hope to keep you updated on all important news from top experts so that you can grow your money and profit during the economic crisis. Hold on tight because it looks like we are in for a bumpy ride.
GOLD, SILVER & ECONOMIC NEWS
Sept 17th, 2012 -Gold and Silver Prices Surges 9% and 23% respectively in September
Gold has shot up 9% over the past month and silver prices have risen by 23%. Many gold analysts are revising their gold predictions higher after Bernanke’s QE3 announcement. Forecasts of gold reaching $2000 by year end are very common. According to the Chief investment officer of Guggenheim partners, the precious metal could hit $10,000 an ounce eventually. Erse Group Analyst states sees the price eventually at $8300 by spring of 2015. And Citibank”s Tom Fitzpatrick also states that the price could hit $6300.
Sept 13, 2012 – Federal Reserve Announces QE3
It’s official, the Federal Reserve announced QE3 and their plan to buy $40 billion of Mortgage Backed Securities a month. More money printing is bullish for gold and silver prices. Morning to afternoon trading has seen precious metals higher.
Here is the official QE3 announcement from the Federal Reserve:
“To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today to increase policy accommodation by purchasing additional agency mortgage-backed securities at a pace of $40 billion per month” – Federal Reserve Statement
Sept 8th 2012-Vladimir Putin Stocking Up on Gold
Why is Vladimir Putin purchasing and stockpiling gold? He is reportedly acquiring about half a billion dollars’ worth of the precious metals on a monthly basis. According the The World Gold Council, Russia is stockpiling and have doubled their gold reserves over the past five months.
According to http://GMbullion.com, Mr. Putin along with famed investor George Soros and billionaire hedge fund manager John Paulson have also been upping their stakes in gold by buying gold exchange traded funds. Seems like the power players believe that bullion is in for a bullish ride. They expect gold and silver prices to rise.
Billionaire Frank Giustra Invested in Precious Metals
Frank Giustra Interviewed by Tommy Humphreys. Below is a transcript of the interview:
“The political structure is broken down in the United States. I’m going to go with history and play the inflation card. To fix the problems that are needed long term, would require telling the truth the public, and that is not going to happen. The system is setup to fail the country. They are going to pile on more debt and print more money. The Euro over the long term will not survive. They will print more money with their form of quantitative easing by lending the banks more money at very low rates. They will need a lot more money over the coming years to survive, and where is that money going to come from? They will print it. I think eventually the Eur-ozone will break up. In the short term they will try to keep it up.” Read More
Legendary Investor Says Silver Over Gold
Precious metals expert, Eric Sprott forecasts that this decade will be the “decade for silver.” Eric has believes that silver prices will reach $100 an ounce. The reason he believes that silver will have more of a higher return then gold price is because silver is greatly undervalued. It’s usual ratio of gold price to silver prices is 16 to 1. Currently this ratio is 60 to 1. Over the coming years we will see the price difference move closer to it’s normal ratio and as a result there will be tremendous upside to silver prices.
According to http://OccupySilverandGold.com, Some of the Reasons why Gold and Silver Prices are expected to Rise over the Coming Decade:
1. Devaluation of the United States Currency
2. Devaluation of the EURO
3. Mistrust in Fiat Currency
4. The increasing accumulation of gold by International Countries
5. Investment demand is increasing
6. Inflation and increasing prices for food and gas
Disclaimer: Our Gold Investment Guide attempts to provide accurate gold price and silver prices. Please do due diligence before making any investment decision. We cannot legally be held accountable for your financial decisions based on news and prices obtained from our website. Errors or omissions shall not be made the basis for any legal claim or cause for action.