The SEC and the CFTC are part of the Plunge Protection Team. They are not going to actually do anything that hurts the perceived value of the dollar. HSBC and JPM will be exempt from any rules.
Gold to touch $2000, Silver to hit $50 in 2011: John Embry of Sprott Asset Management.
Spot Gold prices will rise to at least $1,650 in 2011, believes Juerg Kiener, CEO at Swiss Asia Capital. He explains his bullish outlook to guest host Tai Hui of Standard Chartered Bank, CNBC's Martin Soong & Sri Jegarajah.
Not only that but because of the manipulation in the paper market prices have been so low that industrial users have not bothered to recycle silver. Instead it has ended up in scrap heaps where it can no longer be used. Even at current mining rates all silver will be above ground within the next decade. That's a recipe for a price explosion.
This is an excellent must see short video about Gold. It shows how gold has retained value throughout history and is an attractive alternative to cash today. Legendary investors, central banks and the astute are buying gold today. It shows gold is an important safe haven asset and an essential investment and saving diversification in these uncertain times. The video was commissioned by GoldCore, the internationally respected investment specialist. Watch it now and rating only takes a moment but helps massively.
