Gold and What Moves it.
81
Tracking all things that relate to and affect the price of gold.
Curated by Hal
Follow
Scooped by Hal onto Gold and What Moves it.
Scoop.it!

Most markets that matter...and the U.S. financial system can control...are rigged seven ways to heaven - @EdSteerGSD

Most markets that matter...and the U.S. financial system can control...are rigged seven ways to heaven - @EdSteerGSD | Gold and What Moves it. | Scoop.it
From www.caseyresearch.com - January 18, 1:42 PM

Ed Steer:

 

"Most markets that matter...and the U.S. financial system can control...are rigged seven ways to heaven...and this certainly includes the precious metals, with yesterday's price action being another case in point.

 

I have no idea as to when all this madness will end, but I would think that we'll find out sometime after the presidential inauguration coming up on Monday.

The way that gold and silver bullion are flying off the shelves at the U.S. Mint is only one of many canaries in the coal mine that are singing their lungs out at the moment.  "Currency Wars" is another.  And as I've said on many occasions, one of the first things that the powers that be can do to instill higher inflationary expectations in the general population, would be to allow the precious metals to run up a significant amount.  Time will tell whether my thoughts are anywhere close to the mark. ..."

  • Comment
  • +
No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
Discover Topics Hal is following
Kuffar News Photography Gear News Just Story It Commodities, Resource and Freedom the Gonzo Trap The Truth Behind the Headlines
and 10 others
Your new post is loading...
Scooped by Hal
Scoop.it!

Gold as a Weapon in the Currency War: Chris Mancini - The Gold Report

Gold as a Weapon in the Currency War: Chris Mancini - The Gold Report | Gold and What Moves it. | Scoop.it
From www.theaureport.com - January 10, 4:43 PM
There is a war raging behind the scenes among the world's currencies. Chris Mancini, an analyst with the $400-million Gabelli Gold Fund, believes that gold will emerge the victor.

 

... TGR: You don't hear many pundits predicting a falling gold price in 2013, yet we continue to see volatility in the space. What's your forecast for the gold price in 2013?


CM: We're very constructive on the gold price in all currencies. All over the world, money is being printed, and gold is the one currency that can't be reprinted or replicated. The money that's being printed will ultimately lose its purchasing power, and gold should retain its purchasing power. Gold should continue to go up relative to currencies that will be losing their value. More debt leads to more money printing, and more money printing leads to continued devaluation of currency. It's a positive macroeconomic environment for gold.


TGR: Some investors don't view gold as a currency. They view it as a metal, a relic.

 

CM: Historically, gold has been the ultimate currency and, at some point in the future, will again be the ultimate currency. It's not legal tender, but that still doesn't mean it's not something that will hold its value over time relative to paper. ...

Hal's insight:

Click over for the full interview.

No comment yet.
Sign up to comment
Delete the scoop?

Are you sure you want to delete this scoop?

Yes No
About Media Follow us How it Works Legal Mobile Developers
Facebook
Twitter
Google +
LinkedIn