The World According to Gold

Posted by on March 9th 2012 in Bailout, Bart Chilton, CFTC, Federal Reserve, General Economy, Gold, JPMorgan, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!

As Iceland ponders a new currency, “There’s really only one currency in this world and that’s gold, period,” declares money manager Stephen Leeb.  “You’re going to need gold, eventually, to buy oil, to buy food, to buy real estate.  Just those three (assets), if you look at the dollars that are now transacted in all energy, food and real estate, you come up with a number like $36 trillion a year.  All of the gold in the world is only worth $9 trillion.  [see above infographic] Looking forward three to five years, you have to come up with $10,000 gold.  You have to.  Everything else is being devalued.  So you come up with very high targets for gold.”

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Zero Hedge:  Gold celebrates formal Greek CAC activation with $40 intraday move higher; Why JPM sees a “lot more printing by the ECB

BBC/Telegraph/CNBC:  Greece: where are we now?; Legal skull-duggery in Greece may doom Portugal; EU debt issue to rile markets for ‘many more years’

Kitco/Barron’s:  Analysts:  Jobs data means less likelihood of QE3, gold bounces anyway; Fed move likely by June, ex-insider says

Globe & Mail:  The most important factor influencing gold is …

Bloomberg:  Gold bulls strengthening as bullion wagers reach $131 billion

P. Radomski:  A possibility of a bounce up in the precious metals market

Casey Research:  Time to accumulate gold and silver

CNBC:  Dennis Gartman: Gold likely to outperform stocks

Mineweb:  Silver Institute predicts strengthening silver investment demand this year

Forex Factory:  MIG Bank:  Silver unwinding from oversold conditions

Seeking Alpha:  324 years of the gold/silver ratio and $195 silver

Washington Times:  U.S. govt. sets record deficit in February

Financial Sense/The Daily Bell:  Bud Conrad: The only way out is to inflate; Fed saves the day by sterilizing money

Austin American-Statesman/KXAN:  Texas AG freezes assets of gold & silver dealer over fraud allegations/Video

Medill Reports/Fox Business:  Will MF Global haunt CME in 2012?;  Lou Dobbs interviews CFTC’s Bart Chilton


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