Gold Investing Videos from Blanchard and Company, Inc.
Rare coin investing is taking off in Asia
Gold bullion and jewelry aren’t the only hard assets popular among Asia’s increasingly wealthy citizenry. Rare coins "are barreling ahead," notes Gautam Srinivasan of Reuters in a Nov. 26 report. “Experts say coin buying interest in Asia is growing fast, especially with a growing number of certified coins entering the market. Some are already seeing supply bottlenecks as more buyers hang onto their stock.”
Gold will hit $50,000 an ounce by 2020, predicts Jim Sinclair
USA Watchdog’s Greg Hunter recently interviewed respected gold expert Jim Sinclair in a wide-ranging conversation on gold, debt, the Federal Reserve, the U.S. dollar, stocks, and ETFs. Once gold tops $1,650, Sinclair predicts the price will reach $3,500 by 2016. After the dollar loses reserve-currency status, “physical gold emancipated from paper gold … will be $50,000 an ounce” by 2020. The whole interview is fascinating, but watch Sinclair's gold call at 41:15.
Gold demand “remains strong worldwide,” notes ex-U.S. Mint director
“Take a look at what gold correlates best to,” ex-U.S. Mint chief Edmund Moy tells Bloomberg. “And over time historically it correlates best to the national debt ceiling. Over time the more debt we pile up, the higher the gold prices are. The bigger the balance sheet balloons up at the Fed, the higher the gold prices are. And what’s distorted that in the last 18 months or so is, again, reliance on these electronic proxies because ETFs not only can have investors take a share of that but they also leverage that gold and loan it out to short sellers. So one ounce of gold maybe can have multiple claims on it, which distorts the price and demand for physical gold in the West. Not so in the East. … Demand remains strong worldwide.”
Gairsoppa shipwreck silver bar featured on Fox Business
A massive silver bar from the SS Gairsoppa shipwreck is featured on Fox Business during an Oct. 28 appearance by Odyssey Marine Exploration exec Mark Gordon. To learn how to acquire one of these bars, visit Blanchard’s SS Gairsoppa page.
Exponential debt sending gold higher this year, CEO says
“You either believe in math, or you believe in magic,” Santiago Capital CEO Brent Johnson told CNBC on Oct. 24 in predicting $1,500 gold this year. “I happen to believe in math. And the projection that our U.S. debt level is on is starting to go exponential. … There's a very high correlation between the monetary base, the national debt, and gold.”
Gold “is a reserve of safety,” top European banker affirms
Asked about gold at a recent Harvard forum, European Central Bank chief Mario Draghi said: “I never thought it wise to sell it, because for central banks this is a reserve of safety. It’s viewed by the country as such. In the case of nondollar countries, it gives you a fairly good protection against the fluctuations of the dollar, so there are several reasons (to own it), risk diversification and so on.”
“The best thing for gold is raising the debt limit”
“The best thing for gold is raising the debt limit,” Euro Pacific Capital chief Peter Schiff tells CNBC Oct. 11. “Raising the debt limit means more inflation; it means more deficits, bigger government. That’s bullish for gold. What would have been bad for gold was to not raise the debt ceiling and to instead deal with our problems in America, actually deal with the debt. But by kicking the can down the road, that’s good for gold, yet the price of gold is going down anyway. So in the long run it’s a great buying opportunity.”
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