Friday, April 18th, 2014 MST

$50,000 gold?

Jim Sinclair recently predicted $3,200 – $3,500 gold by 2020 and  ”emancipated gold” hitting $50,000.  Because of Sinclair having made some really accurate calls in the past, his prediction caused quite a stir in the gold community.  Even Ron Paul commented and gave reasoning why Sinclair’s predication is not preposterous.

Gold/silver move east

As has been noted on this blog over the last three years, physical gold and silver are “moving east,” that is, going to Asia. To further support this position, a Singapore retailer of coins and bars announced the opening a 600-ton silver vault, with capacity to hold $390 million in silver at current prices.  This

Gold up, stocks down on China fears

For years, reports that China’s banking system is at risk mostly have been ignored. Now, though, investors are listening as Chinese officials have admitted to problems in the Chinese banking system and its economy. From March 14’s Financial Times: China warning on defaults sparks fears over growth Bad debts on rise * ‘Lehman moment’ concerns

Gold: the first and only safe haven

For most investors, the primary reason for buying gold is to hedge against currency debasement, which, of course, comes about because of excessive money creation by central banks and via fractional reserve banking.  At times, gold investors stand alone, even being ridiculed by mainstream investors.  Now, though, one of Wall Street’s famed names, Merrill Lynch,

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