Monday, May 31, 2010
Saturday, May 29, 2010
Friday, May 28, 2010
Sunday, May 23, 2010
Saturday, May 22, 2010
Germans queue to buy gold
Deutsche Welle radio report about Germans from all ages and backgrounds queuing to buy gold in Berlin. The falling Euro is threatening the loss of purchasing power and in response the people are turning to the one item that has kept it's purchasing power for thousand of years. Listen to the report ---> here
First Gold, Now Europe Running Out Of Silver
Tyler Durden at zerohedge.com discusses runs on gold and silver dealers in Europe ---> here
Tuesday, May 18, 2010
Sunday, May 16, 2010
Saturday, May 15, 2010
Silver about to break $20 and looking better than gold
Is silver going to power ahead of gold? Read the story---> here
Summary of events affecting Gold & Silver prices
Jim Willie gives a detailed summary of all the major factors currently affecting gold & silver prices---> here
Thursday, May 13, 2010
Pentagon in Race for Raw Materials
Interesting article from the Wall St Journal on the US military investigating widening the range of strategic raw materials it stockpiles. The article notes "The Defense Department holds in government warehouses a limited number of critical materials—such as cobalt, tin and zinc". Whilst this is sensible, as far as I know none of these elements are in short supply or geographically restricted.
What the article fails to mention is silver. The US used to have the the world's largest silver stockpile for the very reason it was strategic to waging modern warfare. In fact the Manhattan Project would not have been possible without the use of 4.7mil oz of silver to make super magnets and busbars. (Read the story here) In more recent times silver has been used in silver-zinc batteries, electrical wiring and solder to such an extent a single cruise missile may contain up to 15 kg of silver. But in the wisdom only the US Military could posses the whole stockpile was transferred to the treasury and then over time all of the stockpile was made it's way onto the open market.
This story is worth watching over the coming year to see if the US Military continues with a "just in time delivery" method for silver purchases or if they re-add silver to the strategic stockpiles. Maybe even they will get around to reading the USGS report on silver being most likely the first element in the periodic table to become extinct. (Read the story here) One can only guess what the silver price will go to if the US Military wades into the incredibly small silver market with a checkbook backed by Uncle Ben's printing press.
What the article fails to mention is silver. The US used to have the the world's largest silver stockpile for the very reason it was strategic to waging modern warfare. In fact the Manhattan Project would not have been possible without the use of 4.7mil oz of silver to make super magnets and busbars. (Read the story here) In more recent times silver has been used in silver-zinc batteries, electrical wiring and solder to such an extent a single cruise missile may contain up to 15 kg of silver. But in the wisdom only the US Military could posses the whole stockpile was transferred to the treasury and then over time all of the stockpile was made it's way onto the open market.
This story is worth watching over the coming year to see if the US Military continues with a "just in time delivery" method for silver purchases or if they re-add silver to the strategic stockpiles. Maybe even they will get around to reading the USGS report on silver being most likely the first element in the periodic table to become extinct. (Read the story here) One can only guess what the silver price will go to if the US Military wades into the incredibly small silver market with a checkbook backed by Uncle Ben's printing press.
Tuesday, May 11, 2010
Marc Faber
Monday, May 10, 2010
Sunday, May 9, 2010
Thursday, May 6, 2010
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