CNBC Fast Money (Brian Kelly) gives a brief history lesson on silver and says $130 a possibility...
Monday, February 28, 2011
Silver Ebay and Market
Silver Ebay and Market . 3-5 years ago the mantra was buy as much silver for your money and avoid the slightly higher premiums at the time for smaller denominations. As the market has heated up this has turned out to be not the correct advice. Not only did one receive a higher premium whan selling smaller denominations but toay the premiums for smaller denominations have increased anywhere from 5-8 fold while premiums have only doubled for larger bars of silver
Sunday, February 27, 2011
David Morgan - Where Silver is going this decade.
This talk is truly the most throrough explanation of the Silver Market I've seen so far. Too bad the quality is not good enough to see the details of the screen numbers David Morgan uses.This is a good one to send to folks who are just getting into silver.
iShares Silver Trust (SLV) scam exposed
SLV scam exposed. Investment fraud, stock market scams, economic collapse, inflation, deflation, Gerald Celente, Jim Rogers, Robert Prechter, Alex Jones, Charlie Sheen, Michael Savage, Max Keiser, silverfuturist, visionvictory, Mike Maloney,Gadaffi, gold, silver, hyperinflation, bank holiday, bank run.
Saturday, February 26, 2011
David Morgan : There is PLENTY of SILVER - February 25th 2011
David Morgan talks to Jim Puplava about the silver market and the shortages in the .9999 fine industrial silver
buy silver crash jp morgan max keiser
recorded on February 25th 2011
buy silver crash jp morgan max keiser
recorded on February 25th 2011
John Paulson : the price of Gold will reach $2400/oz within the next two years
Hedge fund billionaire John Paulson has invested more than $4 billion dollars in Gold . With most bullion than most small countries . He made $158 dollars every second last year . He believes the price per ounce could reach $2400 within the next two years ....
Backwardation in silver makes it very bullish explains Bob Chapman
Backwardation in silver makes it very bullish explains Bob Chapman "silver bullion" silver "silver coins" "gold coins"
Gold and silver as settlement currencies
Ned Naylor-Leyland, Partner at Cheviot Asset Management, and James Turk, Founder/Chairman of GoldMoney and Director of The GoldMoney Foundation, discuss the practicalities of implementing gold and silver as money. Ned sees a role for gold and silver as so-called settlement currencies. Watch the whole 21-minutes interview at http://www.goldmoney.com/naylor-leyla.
Alaska Gold Rush Season Finale
Alaska Gold Rush Season Finale Fred's the man, these boys are lucky he showed up or they'd got nothing at all for their troubles.
Alaska Gold Rush Season Finale from Joe Safety on Vimeo.
Alaska Gold Rush Season Finale from Joe Safety on Vimeo.
Friday, February 25, 2011
Gold, Silver set for further price appreciation : Patriot Radio News Hour
Gold, Silver set for further price appreciation : Patriot Radio News Hour .I enjoy listening to these guys as they speak truth with a side of humble pie.
The silver price could reach $40 but remains vulnerable says Paul Walker
Richard Russell: Gold is the Safest Currency
Richard Russell, the man behind Dow Theory Letters talks about the depreciation of the dollar and why he feels safe holding gold at the Casey Research Gold and Resource Summit , What that in the 70s-80s what was driving the gold market was the fear of inflation. Today its the fear of the collapse of the dollar.
Gold and Silver Market Update with Jim Comiskey
Jim Comiskey's Gold and Silver Market Update : Lind-Waldock Strategist Jim Comiskey discusses the metals futures markets.
How To Trade Gold at High Prices
NEW YORK (TheStreet) -- How To Trade Gold at High Prices - Scott Redler, chief strategic officer for T3Live.com, reveals how he's trading gold as prices hit 2011 highs.
Gold and silver prices trying to hold onto their rally -- of gold in Mexico in the spot break up -- over dollar. Joining me where the trade got rather keep strategic -- their TP live dot com. I got have stalled out here for a goal of reaching a hyper 2011 around 1417. In varying margins but it -- how much.
Gold and silver prices trying to hold onto their rally -- of gold in Mexico in the spot break up -- over dollar. Joining me where the trade got rather keep strategic -- their TP live dot com. I got have stalled out here for a goal of reaching a hyper 2011 around 1417. In varying margins but it -- how much.
Use Silver Potential Weakness for Maximum Profit
Silver is hitting a new 30-year high. But Sean Brodrick sees something that could know silver prices lower in teh short-term, and that would give you a great profit opportunity.
Thursday, February 24, 2011
Eric Sprott : No silver left
No silver left to go around says Eric Sprott and the numbers prove it
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Gold & Silver: Cling to Commodities in a Crisis
Feb. 22 2011 | Gold & Silver : Cling to Commodities in a Crisis Martin Hennecke, associate director at Tyche, expects a sovereign debt crisis in the U.S. and Europe, and consequently advises to hedge against such crises by investing in precious metals and energy. These safe bets give you freedom to take risks on other opportunities he explains to CNBC's Chloe Cho, Anna Edwards and Yousef Gamal El-Din.
$400 Silver, Extreme Backwardation: James Turk on Goldseek Radio
James Turk with Chris Waltzek - February 23, 2011
James Turk is founder of GoldMoney.com, which operates the leading digital gold currency. He also publishes the Freemarket Gold & Money Report, an investment newsletter he founded in 1987. Previously, after a decade with the international department of Chase Manhattan Bank, he managed the commodity department of the Abu Dhabi Investment Authority. His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
James Turk is founder of GoldMoney.com, which operates the leading digital gold currency. He also publishes the Freemarket Gold & Money Report, an investment newsletter he founded in 1987. Previously, after a decade with the international department of Chase Manhattan Bank, he managed the commodity department of the Abu Dhabi Investment Authority. His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
Gold Price at a 7 week high
Feb. 23 2011 | Kelvin Tay, chief investment strategist, Singapore at UBS, says gold must breach a specific price point before other metals move significantly higher. He shares his thoughts, with Daryl Guppy, CEO of Guppytraders.com and CNBC's Karen Tso and Martin Soong.
Wednesday, February 23, 2011
Silver price to new 30 years High
NEW YORK (TheStreet) -- Mihir Dange of Arbitrage reveals his new price targets for silver and how he's trading the metal.
Silver prices keep popping two new thirty year -- you might he's the top or booked some profits to any need for the trade at the nymex -- Don gab arbitrage. -- here's the settling at thirty around 33 on Tuesday after hitting intra day high of 34 33 big ranges here having run too far too fat.
Silver prices keep popping two new thirty year -- you might he's the top or booked some profits to any need for the trade at the nymex -- Don gab arbitrage. -- here's the settling at thirty around 33 on Tuesday after hitting intra day high of 34 33 big ranges here having run too far too fat.
Tuesday, February 22, 2011
James Turk, : A new currency and revaluing gold reserves
Uploaded by GoldMoneyNews on February 21, 2011
Chris Powell, Secretary/Treasurer of http://gata.org, is asked by James Turk, Director of The GoldMoney Foundation and Founder of GoldMoney if we're heading towards a monetary train wreck. Chris expects the central banks to mobilize gold back into the monetary system. This would perhaps mean a new currency arrangement and a revaluation of the gold reserves. View the full 34-minutes interview at: http://www.goldmoney.com/powell-turk
Chris Powell, Secretary/Treasurer of http://gata.org, is asked by James Turk, Director of The GoldMoney Foundation and Founder of GoldMoney if we're heading towards a monetary train wreck. Chris expects the central banks to mobilize gold back into the monetary system. This would perhaps mean a new currency arrangement and a revaluation of the gold reserves. View the full 34-minutes interview at: http://www.goldmoney.com/powell-turk
Gold and Silver trade as the metals continue to rally
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals how he would be trading gold and silver as the metals continue to rally.
Gold prices breaking 14100 silver at thirty year highs. Doing these bills -- senior market that is at and while not now let's -- up with silver here spot price of about fifteen so right down 59 cents but -- after a rally at 3433. On Monday. Big move in the last week aren't trading right now.
Phil Streible, :....You don't look -- have really taken profits up at these levels here and that's something you rarely hear me say. I think prices that moved a little bit too far too fast. On other people disagree with me but I'm looking at somebody outside markets -- BS and 500 down significantly. All the rating market's getting hit some of the other metals like copper platinum palladium or -- look on -- a significant amount of pressure and it beat that this could be a soda for some kind of reversal. On on the silver market which could have some blacks are specially with some guys that -- to -- getting in. Running out of cash generating margin calls and I think silver prices -- a little bit weaker.
Gold prices breaking 14100 silver at thirty year highs. Doing these bills -- senior market that is at and while not now let's -- up with silver here spot price of about fifteen so right down 59 cents but -- after a rally at 3433. On Monday. Big move in the last week aren't trading right now.
Phil Streible, :....You don't look -- have really taken profits up at these levels here and that's something you rarely hear me say. I think prices that moved a little bit too far too fast. On other people disagree with me but I'm looking at somebody outside markets -- BS and 500 down significantly. All the rating market's getting hit some of the other metals like copper platinum palladium or -- look on -- a significant amount of pressure and it beat that this could be a soda for some kind of reversal. On on the silver market which could have some blacks are specially with some guys that -- to -- getting in. Running out of cash generating margin calls and I think silver prices -- a little bit weaker.
Silver Manipulation Fails - prices expected to spike
MANIPULATION FAILS, METALS SPIKE & CEO's SPECIAL SILVER OFFER : It's all happening right now... Make sure you are protected with food, water, self defense & physical metals.Its a shame that silver is now hovering just above $33 an ounce.I think it's too low. Last night I seen silver reach $34.56 and thought it was goint to break the $35 mark. The lower it gets the more I will be able to buy. Keep stackin America, Destroy the Banksters, their strangle hold is coming to an end they know it & we know it. Spread the Word, The Ponzi scheme is over !!!!
Monday, February 21, 2011
Asia is driving the demand for gold
In 2011 China's investment in gold could rise by 40-50 per cent
The statistics of the World Gold Council (WGC), published recently in Gold Demand Trends report, show that China's demand has become very explosive especially in investment, in other countries after the boom of 2009 there was a setback (the overall figure shows a decrease of 2% to 1,333.1 tons, a decrease by as much as 45% for ETFs), while the People's Republic of fear of inflation combined with the lack of alternative investment has produced a real own gold rush. The Chinese have bought 179.9 tons. bars, ingots and coins, 70% more than in 2009, surpassing the United States and Germany. In 2011 China's investment in gold could rise another 40-50 per cent.
China, nevertheless, is still far from being able to oust India from the podium of the first consumer of the yellow metal. The impressive recovery in demand in New Delhi makes this objective even harder for China : +66% in 2010 to 963.1 tons, almost everything related to jewelry.
The gold in 2010 reached a record $ 1,432.50 per ounce in December. After starting the year down in recent days - especially supported by the unrest in the Middle East - is above $ 1,380 / oz. "It seems that consumers, especially the larger ones, namely India and China, have become accustomed to higher prices . The high prices seem to even have provided an extra motivation to buy gold, described as an investment asset quality. "
Max Keiser takes on Jon Nadler of KITCO
Max Keiser takes on Jon Nadler of KITCO
Nov 2006: Jon Nadler predicted gold average to be $800 per ounce for 2010. The 2010 high was $1,423 & the low was $1,061.
Oct 2008: Nadler predicted gold to be in the low $500 an ounce range in 2010 LOL.
Dec 2008: Nadler predicted 2009 price of gold average would be $810 per ounce. Wrong again. 2009 average was $972.
May 2010: With gold at $1200, Nadler predicted 2010 price would end "between $680 and $880." LMAO!
Jon Nadler : Nadlerisms : An analysis of the Kitco Spokesman : What has he said, and was he right?
Nov 2006: Jon Nadler predicted gold average to be $800 per ounce for 2010. The 2010 high was $1,423 & the low was $1,061.
Oct 2008: Nadler predicted gold to be in the low $500 an ounce range in 2010 LOL.
Dec 2008: Nadler predicted 2009 price of gold average would be $810 per ounce. Wrong again. 2009 average was $972.
May 2010: With gold at $1200, Nadler predicted 2010 price would end "between $680 and $880." LMAO!
Jon Nadler : Nadlerisms : An analysis of the Kitco Spokesman : What has he said, and was he right?
Gold breaks the barrier of $ 1400 Amid fears of protests in the Middle East
Gold tends to penetrate the barrier of $ 1400 because of unrest in the region
Gold prices continued to rise , and reached its highest level in seven weeks on Monday with the continuation of protests in the Middle East, which has increased the demand for the metal as a safe haven, while silver and platinum rose to historical high levels in light of expectations of growth in industrial demand.
Continued gold gains after surging nearly three percent in the last week, is expected to continue to rise with new reports from North Africa and the Middle East, the United States market closed on Monday because of the holiday.
higher gold prices are also due to real concerns about the supply of oil in Libya or subjected its oil facilities to disrupt or stop because of the protests, oil prices could move to record highs because of the deteriorating situation in Libya, which worried also the metals markets. "
Analysts point out that the entry of world's central banks has become the largest buyers of gold to boost their reserves of precious metals, The data of the World Gold Council released on the seventeenth of February has revealed that the growth of gold demand in the Middle East increased by 39% during the fourth quarter of last year.
Sunday, February 20, 2011
Gold a highly liquid reserve currency and a hedge against Inflation
Gold was used as a "reserve currency" and an inflation hedge because it could hold its value over hundreds if not thousands of years ...
Why invest in Gold , because Gold is :
* Is portable and divisible. Its weight easily determine the value of the object;
* Is indestructible;
* Is easily recognizable and acceptable form of payment.
Whether in times of crisis and in times of prosperity, gold endures. The cyclical nature of the market is a historical fact and discharged, but gold is able to maintain its value over time. By contrast, many currencies (including the U.S. dollar) and industrial raw materials have generally lost value. This is because gold is often bought to hedge the risks of inflation and currency fluctuations and also because many investors around the world see gold as a safe haven of last resort, safe and important part of their investment portfolio. The 'gold maintained its value against the U.S. inflation rate over the past 200 years.
In other words, the value of gold - or what you can buy goods or services - has remained fairly stable over time. For example, a man dress in 16th century England at the time of King Henry VIII cost the equivalent of one ounce gold price that you can now also pay for a modern dress.
Safe haven
Gold is known as a safe haven. Throughout history, national currencies have been considerable fluctuations while gold remained fairly stable. Is not directly affected by the economic policies of each country and can not be repudiated or frozen as in the case of some paper assets. For these reasons, one quarter of all gold held by the existing governments, central banks or other official institutions in the form of international monetary reserves. Nothing suggests that the ability of gold to maintain its value will change over time in the future, although for some time, the U.S. dollar as currency and the Swiss Franc have become increasingly attractive stores of value.
High liquidity
Gold is one of the world's economic goods more "liquid". It can be readily sold at 24 24 hours in one or more markets around the world. This can not be said for other types of investments including bonds or shares of major companies and organizations worldwide. In addition the commission on gold sales are comparable to those of stocks and bonds (securities deemed liquid). Finally, the time required to perform is that gold equities or bonds, and virtually identical.
Gold Miner Earnings: AngloGold Ashanti, Barrick Gold
AngloGold Ashanti (AU) posted a decline in fourth quarter headline earnings today, to $294 million, compared to $303 million in the third quarter. Productions costs for the Johannesburg-based gold miner rose in the fourth quarter, to $672 per ounce, compared to $642 per ounce in the third quarter.
The price of gold is constantly changing but right now it's headed up.
The price of gold is constantly changing but right now it's headed up.
Jim Cramer : Political Protests and Inflation Fears what it means for Gold
Feb. 18 2011 | Chuck Jeannes, president & CEO of Goldcorp discusses what's next for gold, with Mad Money host Jim Cramer.
BIX WEIR : AFTER THE CRASH
Bix Weir, author of the 'Road To Roota' Theory,he is a writer researcher and member of the GATA , His opinion is interesting, but something rings true to me about the US Note and the Chinese behind its introduction into our monetary system and the method for winding down the Fed system.He seems to think the GET Team conference call was fantasy, but I can't shake the locigal sense it all makes.If the yuan is to become the reserve currency, and we are all to back our currencies by commodities, this would be great.
Benefits everyone.And this ISN'T planet America, we need to realize that.
Like many, I really have serious trouble believing that Greenspan is a "good guy". In fact, I think he is very evil. I have studied what this man has done (and not done) during his tenure as Fed Chairman.. Dont believe Greenspan is actually a "good guy" and just going along for the ride or that there are others in government besides Ron Paul that are for the people. Agree the collapse of the fiat money system is inevitable, but dont believe Bixs fairly tale ending that the US will then have no need for oil due to technology and a wonderful life for all will ensue.Greenspan laid out enough rope to let international bankers hang themselves not to protect good people. He did it in line with other Illumanist in order to pop the ultimate bubble and rob the entire upper management/handling class so that they may strike down any challengers for power and move the world back toward a feudal system with a gold standard. Practically, they own all of the gold and would assure their wealth and power for a long time. It's long term defensive planning.I was a little surprised the guest didn't mention Greenspan was also a protege' of Ayn Rand.
Benefits everyone.And this ISN'T planet America, we need to realize that.
Like many, I really have serious trouble believing that Greenspan is a "good guy". In fact, I think he is very evil. I have studied what this man has done (and not done) during his tenure as Fed Chairman.. Dont believe Greenspan is actually a "good guy" and just going along for the ride or that there are others in government besides Ron Paul that are for the people. Agree the collapse of the fiat money system is inevitable, but dont believe Bixs fairly tale ending that the US will then have no need for oil due to technology and a wonderful life for all will ensue.Greenspan laid out enough rope to let international bankers hang themselves not to protect good people. He did it in line with other Illumanist in order to pop the ultimate bubble and rob the entire upper management/handling class so that they may strike down any challengers for power and move the world back toward a feudal system with a gold standard. Practically, they own all of the gold and would assure their wealth and power for a long time. It's long term defensive planning.I was a little surprised the guest didn't mention Greenspan was also a protege' of Ayn Rand.
Saturday, February 19, 2011
Mike Maloney & Richard Duncan - THE DOLLAR CRISIS
THE DOLLAR CRISIS - Mike Maloney & Richard Duncan
Mike Maloney & Robert Kiyosaki THE DOLLAR CRISIS- Mike Maloney & Richard Duncan. Discover how you can Collect Free Silver with ISN Coins know as International Silver Network.. Don't be left behind.
Richard Duncan has written two of the greatest books on our global economy, 'The Dollar Crisis' and "The Corruption Of Capitalism'. Richard has drawn up some concrete steps that he believes the USA must take immediately in order to steady the ship and pave the way for future sustainable growth. Do we have time?
Mike Maloney & Robert Kiyosaki THE DOLLAR CRISIS- Mike Maloney & Richard Duncan. Discover how you can Collect Free Silver with ISN Coins know as International Silver Network.. Don't be left behind.
Richard Duncan has written two of the greatest books on our global economy, 'The Dollar Crisis' and "The Corruption Of Capitalism'. Richard has drawn up some concrete steps that he believes the USA must take immediately in order to steady the ship and pave the way for future sustainable growth. Do we have time?
Silver price surges to a 30-year high - 2-18-11
Silver prices at a 30-year high 2-18-11 : Silver is at a 30-year high and anyone looking to make some money might consider selling their old silver jewelry and coins now.
Friday, February 18, 2011
Silver price at a 30 years high
The price of an ounce of silver reached a thirty years high on the international markets today. The metal for delivery in March 'jumped to $ 32.66 an ounce at the Comex in New York The highest since 1980 ,the demand for silver also is the highest of all time, and is expected to continue to grow. Silver which is also an industrial metal is used for industrial purposes such as the production of solar panels and medical equipment. Analysts expect further price increase . There are rumors (but lacking official confirmation) that trade is concentrated in "strong hands" of the institutional players, and it would be advisable for retail investors to wait for a bearish correction.
In the past year alone the price has increased from 16.82 (closing of 31.12.2009) to 30.83 (closed 31.12.2010) an increase of 83.29% on an annual basis.
The statistics contained in the Silver Yearbook in 2009 indicate that the metal has attracted net investments of 209.7 million ounces, a number exceeded only in 1980, when it reached 222.2 million ounces, and also estimated in 1968, with 226 million. In 2010, CPM Group forecasts that it will reach 213.9 million, with a significant contribution from numismatics. In 2009, sales of silver reached a record high (35 million ounces) in January and the application of an ounce coins minted by the U.S. Mint was the highest since 1987.
Gold Prices More Likely to Rise Than Fall says Nick Holland,
Nick Holland, chief executive officer of Gold Fields Ltd., talks about the outlook for the price of gold.He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse." (Source: Bloomberg)
Silver price at a New Thirty Year high
NEW YORK (TheStreet) - - Silver's lower cost makes it easier to trade than gold, causing higher pirces and more activity says Lou Grasso of Millenium Futures
Lou Grasso....:.....gold is up about eighty dollars so was up about five dollars that five dollars represents almost 20% increase in silver. In the last two and a half weeks. Over that you know this -- because a lot easier for the involve markets cheaper. It's much easier I just discuss with somebody your friend of mine the other day want to get involved -- And I -- god one day a week don't go off to dinner to go out four days a week. Or four days a month. One day don't go out take that hundred dollars a 150 dollars by four -- five points with -- and in the long run you'll build a big decision and of silver goes up that's greatly you've got a nice investment. It's -- goes down do we just gonna wasted on dinner ready .....
Lou Grasso....:.....gold is up about eighty dollars so was up about five dollars that five dollars represents almost 20% increase in silver. In the last two and a half weeks. Over that you know this -- because a lot easier for the involve markets cheaper. It's much easier I just discuss with somebody your friend of mine the other day want to get involved -- And I -- god one day a week don't go off to dinner to go out four days a week. Or four days a month. One day don't go out take that hundred dollars a 150 dollars by four -- five points with -- and in the long run you'll build a big decision and of silver goes up that's greatly you've got a nice investment. It's -- goes down do we just gonna wasted on dinner ready .....
Gold at a 5 Week high
Feb. 17 2011 | 2010 was the year for gold, but Erik Wytenus, Executive Director & Head of Commodities at J.P. Morgan Private Bank says 2011 will be the year for oil. He tells CNBC's Oriel Morrison why.
AngloGold all set for vigorous unhedged new-era liftoff
South Africa's gold major AngloGold Ashanti is set for a vigorous hedge-free liftoff into a new era that will see it generate billions of dollars of free cash flow, jack up its output well beyond the 4,5-million ounces of gold a year and bring self-discovered low-cost ounces to market at a time of bullish gold price outlook.
Thursday, February 17, 2011
Massive Short Squeeze In Silver and Gold Market Coming
Short Squeeze In Silver ! Could Be The Big One: John Rubino : Don't believe the Fed version; short squeeze in silver, gold coming John Rubino on Wednesday, February 16th, 2011
World Gold Council 2011 outlook for Gold
Feb. 17 2011 | Gold demand hitting a 10-year high in 2010, with George Milling-Stanley, World Gold Council, and CNBC's Bob Pisani.
Silver Backwardation David Morgan on Goldseek Radio - February 15, 2011
David Morgan on Goldseek Radio with Chris Waltzek - February 15, 2011
David Morgan is a widely recognized analyst in the precious metals industry and consults for hedge funds, high net worth investors, mining companies, depositories and bullion dealers. He is the publisher of The Morgan Report a monthly that covers economic news, overall financial health of the global economy and precious metals,he also created the Silver-Investor.com website and authored The Get the Skinny On Silver Investing (Morgan James Publishing, 2009), and featured speaker at investment conferences in North America, Europe and Asia.Get the Skinny on Silver Investing
Wednesday, February 16, 2011
Steve Quayle : Gold Market Breakdown, Gold Investing, Fraud,
Steve Quayle : Gold Market Breakdown, Gold Investing, Fraud, Time is still right to trade gold? Find Out at Your Gold Trading Destination...
Gold Still an Inflation Hedge?
Is Gold Still an Inflation Hedge?
NEW YORK (TheStreet) -- Will Rhind, head of U.S. Operations for ETF Securities, breaks down whether gold and silver are still good shields against rising inflation.
Gold prices stalling out somewhat on Wednesday because gold index spot rate at just over three dollars -- inflation reading in the US. I think it will -- a unit operations pre yet securities. Now well as keeping -- which is before the bell gold rise to new people right now but why isn't acting more than inflation at this morning.
NEW YORK (TheStreet) -- Will Rhind, head of U.S. Operations for ETF Securities, breaks down whether gold and silver are still good shields against rising inflation.
Gold prices stalling out somewhat on Wednesday because gold index spot rate at just over three dollars -- inflation reading in the US. I think it will -- a unit operations pre yet securities. Now well as keeping -- which is before the bell gold rise to new people right now but why isn't acting more than inflation at this morning.
Barrick Gold Declares Quarterly Dividend
The Board of Directors of Barrick Gold (ABX) today announced that it has approved a quarterly dividend of $0.12 per share, payable on March 15, 2011 to shareholders of record at the close of business on Feb. 28, 2011.
Shares are up 0.47% or $0.23 to $49.42.
Shares are up 0.47% or $0.23 to $49.42.
Wildcat Silver Corporation
Wildcat Silver Corporation
Wildcat Silver is developing the Hardshell silver-manganese deposit in Santa Cruz County, Arizona. Wildcat owns 80% of the Hardshell deposit and is headquartered
in Vancouver, BC. The Company trades on the TSX Venture Exchange under the symbol WS.
Board of Directors
Richard W. Warke (Chairman)
R. Stuart Angus
John R. Brodie
Donald Clark
Robert Wares
http://www.wildcatsilver.com/
Wildcat Silver is developing the Hardshell silver-manganese deposit in Santa Cruz County, Arizona. Wildcat owns 80% of the Hardshell deposit and is headquartered
in Vancouver, BC. The Company trades on the TSX Venture Exchange under the symbol WS.
Board of Directors
Richard W. Warke (Chairman)
R. Stuart Angus
John R. Brodie
Donald Clark
Robert Wares
http://www.wildcatsilver.com/
Gold, Copper Due for Pullback
Feb. 14 2011 | Copper and gold prices have seen a run-up and John Licata, Chief Commodity Strategist at Blue Phoenix says they are now due for a correction. He tells CNBC's Karen Tso and Martin Soong what looks attractive to him now in the commodities space.
Tuesday, February 15, 2011
Update from a Gold Explorer
Update from a Gold Explorer : Sean Brodrick got an update from Warwick Smith, the CEO of Western Pacific Resources. Western Pacific is a gold explorer with an exciting find in Idaho. Brodrick talked to Warwick a few months back, and his update is very positive.
Platinum slides into deficit
Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about platinum's slide into deficit.
Gold Confiscation? Mike Maloney & David Morgan In Las Vegas
Dave Morgan and Mike Maloney speak about the possibility of gold confiscation by the US government.
nobody is being confiscated right out in front, give it to me! BUT with the 2012 law of 1099 anyone who you pay over $600 a year to, they are LEGALLY confiscating any profit you make!!
nobody is being confiscated right out in front, give it to me! BUT with the 2012 law of 1099 anyone who you pay over $600 a year to, they are LEGALLY confiscating any profit you make!!
Monday, February 14, 2011
How Inflation Will Move Gold Prices
NEW YORK (TheStreet) -- Phil Streible, senior market strategist at Lind-Waldock, reveals how inflation numbers out of the U.S. and China can move precious metal prices.
Well great -- slightly higher at political unrest spread throughout the Middle East because gold index than the spot -- that more than three dollars. They need they'll be able senior markets Padgett at Lynne -- dot. Now -- we seen gold rally in light -- that they haven -- here -- moving a price that.
You know -- there there's a lot of things that are that are I'm concerned here this week. Specially Chinese inflation data coming up here later on tonight. He also 00 Obama's gonna come out with his budget always gonna submit -- the congress. And also. You know you have the dollar index strengthening I beat -- political -- around the globe is that when opening a firm putting on the market moment.
Well great -- slightly higher at political unrest spread throughout the Middle East because gold index than the spot -- that more than three dollars. They need they'll be able senior markets Padgett at Lynne -- dot. Now -- we seen gold rally in light -- that they haven -- here -- moving a price that.
You know -- there there's a lot of things that are that are I'm concerned here this week. Specially Chinese inflation data coming up here later on tonight. He also 00 Obama's gonna come out with his budget always gonna submit -- the congress. And also. You know you have the dollar index strengthening I beat -- political -- around the globe is that when opening a firm putting on the market moment.
Angola Diamond Industry
Analyst Mark Schroeder examines Angola's desire to develop its diamond industry and how possible cooperation with South Africa could ultimately usurp Angolan influence over the sector.
Gold prices could rise to $1,600 by the end of the year
Gold prices could rise to around $1,600 by the end of the year, predicts Andre Julian, CFO & senior market strategist at OpVest Wealth Management. He tells CNBC's Martin Soong, Saijal Patel and Karen Tso what is driving gold prices higher.
Sunday, February 13, 2011
Eric Sprott ultra Bullish on Silver
Eric Sprott on The Financial Sense News Hour 12 Feb 2011
Eric Sprott president of Sprott Inc and his daughter Larisa on silver and the family business; .Why Eric Sprott is bullish on silver, and fundamentals behind his enthusiasm; Larisa Sprott's role in the family business;
The financial DOCTOR indicator and the gold bubble propaganda
AL from NYC talks to Jim Puplava about the doctor indicator and the gold bubble propaganda
recorded on February 12th 2011
recorded on February 12th 2011
Saturday, February 12, 2011
Bullish Case For Silver : Dr Stephen Leeb
Dr Stephen Leeb's Bullish Case For Silver
Dr. Stephen Leeb, author of The Coming Economic Collapse and Oil Factor talks about why silver will be a very good investment because of the rapidly rising demand that may send silver up to a price 20 times higher than today.
Dr. Stephen Leeb, author of The Coming Economic Collapse and Oil Factor talks about why silver will be a very good investment because of the rapidly rising demand that may send silver up to a price 20 times higher than today.
Why Higher Oil Prices Are Good for Silver
Stephen Leeb thinks oil prices are going much higher,Leeb is also bullish on silver because silver is "a vital part of any solar energy development"
"And it's not clear at all that we have enough silver to satisfy the eventual demand for solar energy," ha explains
"And it's not clear at all that we have enough silver to satisfy the eventual demand for solar energy," ha explains
Silver refining
Silver refining
A micro-scale experiment explaining some principles related to the refining process of silver.
Some Questions and answers:
-Why use such a small container? =Because the larger the container the more solution of silver nitrate is required, which means that more of your silver is trapped in there.
-What are those small spots on your skin? =As you can imagine, it is due to silver nitrate splashes that landed on it. It is not so tragic, I tell everyone that I refilled a printer ink cartridge.
-Dude, how can you know that the silver content is 70% ? =Well, I know what went into that jar, that's why.
-Could you build a much better power supply? Theoretically I could, out of two transformers. But I have not found the right types yet. Actually anything that can supply (DC current) a voltage between 1,5 and 3,5 V and lots of Amps (goes anywhere from 10A to 800A) is suited for the job. Plating rectifiers do the job, but they cost a lot.
-Didn't your @1,5V time lapse take too long for producing almost nothing? =The batteries were already a bit consumed, I didn't measure it but I guess the current was much smaller than 0,28A. Theoretically each battery can supply at least 2000mAh which means that each battery can plate out 8,048g of pure silver.
-70% of 25g makes 17,5g, you only got 16,9g of fine silver, where is the rest of it? =The rest of the silver is in the first solution where I left the copper tube in, a small part is in the electrolyte solution because it had a bit of free nitric acid.
-Where do I get nitric acid from? =Good question, depends where on this planet you live at. In some countries you cannot buy nitric acid but you might get it through friends who work at a synthesis plant. In others, like Germany, you go to the pharmacy and buy some. Either way, you still have the option to make your own, I recommend watching Nurdrage's videos on how to make some.
A micro-scale experiment explaining some principles related to the refining process of silver.
Some Questions and answers:
-Why use such a small container? =Because the larger the container the more solution of silver nitrate is required, which means that more of your silver is trapped in there.
-What are those small spots on your skin? =As you can imagine, it is due to silver nitrate splashes that landed on it. It is not so tragic, I tell everyone that I refilled a printer ink cartridge.
-Dude, how can you know that the silver content is 70% ? =Well, I know what went into that jar, that's why.
-Could you build a much better power supply? Theoretically I could, out of two transformers. But I have not found the right types yet. Actually anything that can supply (DC current) a voltage between 1,5 and 3,5 V and lots of Amps (goes anywhere from 10A to 800A) is suited for the job. Plating rectifiers do the job, but they cost a lot.
-Didn't your @1,5V time lapse take too long for producing almost nothing? =The batteries were already a bit consumed, I didn't measure it but I guess the current was much smaller than 0,28A. Theoretically each battery can supply at least 2000mAh which means that each battery can plate out 8,048g of pure silver.
-70% of 25g makes 17,5g, you only got 16,9g of fine silver, where is the rest of it? =The rest of the silver is in the first solution where I left the copper tube in, a small part is in the electrolyte solution because it had a bit of free nitric acid.
-Where do I get nitric acid from? =Good question, depends where on this planet you live at. In some countries you cannot buy nitric acid but you might get it through friends who work at a synthesis plant. In others, like Germany, you go to the pharmacy and buy some. Either way, you still have the option to make your own, I recommend watching Nurdrage's videos on how to make some.
David Morgan on the Financial Sense News hour 11 Feb 2011
David Morgan will speak with Jim Puplava about the Silver Shortage the silver market manipulation the delays in silver delivery the strong demand and why you should load on silver right now...Will buying up silver have affect on the market; how much David Morgan relies on Commitment of Traders reports; fundamentals driving silver market; understanding difference between allocated and unallocated storage of silver
"Silver is the best technology stock you can own." - David Morgan
"Silver is the best technology stock you can own." - David Morgan
Friday, February 11, 2011
David Morgan Interview regarding iShares Silver Trust SLV
David Morgan Interview regarding iShares Silver Trust SLV , don't buy SLV
Buy real silver instead, you don't want to support JP Morgan.
Buy real silver instead, you don't want to support JP Morgan.
Andrew Maguire Bombshell Information Within Two Weeks: Max Keiser on AJ Show
Andrew Maguire Bombshell Information Within Two Weeks: Max Keiser on AJ Show .Alex Jones talks with film-maker, broadcaster and former broker and options trader Max Keiser. Keiser formerly hosted The Oracle with Max Keiser on BBC World News. Previously he produced and appeared regularly in the TV series People & Power on the Al-Jazeera English network. He also presents a weekly show about finance and markets on London's Resonance FM, as well as writing for The Huffington Post.
Thursday, February 10, 2011
Pullback in Gold Price Best Opportunity to buy more Gold
Slight Pullback in the price of gold gives a great opportunity to purchase gold. Government continues to print, spend, and borrow dollars. U.S. dollar has lost over 14% of its values since June. Pullback in Gold Price Best Opportunity to buy more Gold
Why Gold and Silver prices have lost momentum.
Gold and Silver Prices Stall Out : NEW YORK (TheStreet) -- Jon Nadler, senior analyst at KItco.com, breaks down why gold and silver prices have lost momentum.
The Dollar is a ponzi scam
The trick is to surround yourself with like minded individuals and question EVERYTHING! Gold and silver are NOT becoming more expensive; this is just the visual aid where you can see the dollar losing its value. Purchasing gold and silver is how real people can exercise their belief that the dollar is on its way to becoming worthless. , here are some good books about the subject that you should read : Guide to Investing in Gold and Silver - Michael Maloney
The Collapse of the Dollar and How to Profit from It
Crash Proof 2.0: How to Profit From the Economic Collapse
Gold is insurance against a financial Armageddon. Gold's over $1,400 an ounce as we speak. When it gets up to $5,000 people will say, "Oh my goodness. I bought it at $1,400. I can sell it at $5,000 and make a lot of money." That profit may be there, but the way to look at gold is that it anticipates the inflation ahead and preserves the purchasing power of your paper assets. Even if gold gets to $100,000, it's not that you've made $98,600 profit, it's just that you still have the purchasing power you did with your $1,400 gold.- John Williams, shadowstats.com
The Collapse of the Dollar and How to Profit from It
Crash Proof 2.0: How to Profit From the Economic Collapse
Gold is insurance against a financial Armageddon. Gold's over $1,400 an ounce as we speak. When it gets up to $5,000 people will say, "Oh my goodness. I bought it at $1,400. I can sell it at $5,000 and make a lot of money." That profit may be there, but the way to look at gold is that it anticipates the inflation ahead and preserves the purchasing power of your paper assets. Even if gold gets to $100,000, it's not that you've made $98,600 profit, it's just that you still have the purchasing power you did with your $1,400 gold.- John Williams, shadowstats.com
Gold and Silver are the only sound money there is
James Turk, founder of GoldMoney and director of the GoldMoney Foundation, interviews Alasdair Mcleod of http://financeandeconomics.org. Alasdair who is very bearish on paper currencies calls gold and silver as the only sound money out there. Alasdair Mcleod speaks about the COMEX as well as and the huge short positions taken by central banks and bullion banks. Alasdair explains why he started his blog almost 2 years ago. His aim is to inform educated people about finance and economics, with an angle towards sound money. During the interview he looks back on his active career in the UK and how he acquired the knowledge he has.View the full 15-minutes interview at: http://goldmoney.com/macleod-turk.
Alasdair Macleod, and James Turk, Director of the GoldMoney Foundation, discuss the collapse of the Slater Walker bank in 1975 in the UK and the preceding boom-bust period. There are clear comparisons to today's dangerous situation, where governments try to control the situation with more money and credit.
Alasdair Macleod, and James Turk, Director of the GoldMoney Foundation, discuss the collapse of the Slater Walker bank in 1975 in the UK and the preceding boom-bust period. There are clear comparisons to today's dangerous situation, where governments try to control the situation with more money and credit.
Wednesday, February 9, 2011
Gold is a buy as long as the money supply remains high, according to Brian Kelly
The Inflation Trade Feb. 8 2011 | Gold is a buy as long as the money supply remains high, according to Brian Kelly, president of Kanundrum Capital.
JP Morgan now accepts Gold Bullion - Max Keiser
JP Morgan now accepts Gold Bullion Watch full 120th Episode on Thursday. This time Max Keiser and co-host, Stacy Herbert, talk about eco-eco disasters, JP Morgan taking gold as collateral and Rand Pauls call for ending welfare to Israel. In the second half of the show, Max talks to investment adviser, Joshua Brown, about investing for freak weather and a dictator free Middle East.
Let's unite under Max Keiser's advice:
"Crash JP Morgan, Buy Silver!", and the rest will come.
.
It is also the best investment you can make.
Let's unite under Max Keiser's advice:
"Crash JP Morgan, Buy Silver!", and the rest will come.
.
It is also the best investment you can make.
GOLD & SILVER OUTSIDE THE MATRIX - Mike Maloney & David Morgan In Las Vegas
GOLD & SILVER OUTSIDE THE MATRIX - Mike Maloney & David Morgan In Las Vegas Episode 3 features David Morgan's thoughts on how physical gold and silver are the only asset class that exist outside the matrix of our financial system. http://www.wealthcycles.com
"If you go to a shop in China, they will laugh at you if you try to offer US dollars for payment.
"You know what for 6000 years silver and gold have been money"
Huge points in this video...
1. Wait for silver to buy you more stuff than it does today. That is a 100% absolute.
2. Everyone who is accepting paper as final payment of services will feel the pain once faith is lost in the confidence game of money from debt that people are not paying except for those that can go into more debt.
"If you go to a shop in China, they will laugh at you if you try to offer US dollars for payment.
"You know what for 6000 years silver and gold have been money"
Huge points in this video...
1. Wait for silver to buy you more stuff than it does today. That is a 100% absolute.
2. Everyone who is accepting paper as final payment of services will feel the pain once faith is lost in the confidence game of money from debt that people are not paying except for those that can go into more debt.
Gold vs. Industrial Metals
NEW YORK (TheStreet) -- Daniel Wills, senior analyst at ETF Securities, reveals which is more popular right now for investors gold or riskier metals like platinum and palladium.
Role of Gold in Next Financial System - Hans Bocker
In this video renowned German professor Hans Bocker, author of the book "Liberty through Gold", explains what the role of gold will be in the next financial system. Gold and silver have been money throughout the history. The endgame started in 1971 when Richard Nixon closed the gold window. After the coming collapse of the Euro, US dollar and Japanse yen, the world population will not accept a new unbacked paper currency.
Tuesday, February 8, 2011
Gold price popping despite a rate hike in China
NEW YORK (TheStreet) -- Scott Redler, chief strategic officer at T3Live.com, breaks down how's he's trading gold on its recent rally.
gold price is popping despite a rate hike in China. Because gold index that then but I -- more than ten dollars joining me it got rather -- strategic officer repeat real live dot com. Got typically higher rate that for gold right that we you know rally -- that there cubic feet level why.
I think what -- reasons one you know over the course the last few weeks we've seen gold -- like -- identity from being fear. Currency. Inflation and with China raising rates like. There is going to be inflation in these developing countries and Portland sees it. So maybe it's becoming -- a little bit of an inflation hedge again you still do you have a little fear that something else could happen in the in the Middle East like Egypt also. The JPMorgan (JPM) headline where. Now. Third parties can use it as collateral so there's another use for gold. So you put them all together and technically look good now it's gonna. Look at the next level which is about thirteen eighty which a product pause that and into the continues to keep acting on............
gold price is popping despite a rate hike in China. Because gold index that then but I -- more than ten dollars joining me it got rather -- strategic officer repeat real live dot com. Got typically higher rate that for gold right that we you know rally -- that there cubic feet level why.
I think what -- reasons one you know over the course the last few weeks we've seen gold -- like -- identity from being fear. Currency. Inflation and with China raising rates like. There is going to be inflation in these developing countries and Portland sees it. So maybe it's becoming -- a little bit of an inflation hedge again you still do you have a little fear that something else could happen in the in the Middle East like Egypt also. The JPMorgan (JPM) headline where. Now. Third parties can use it as collateral so there's another use for gold. So you put them all together and technically look good now it's gonna. Look at the next level which is about thirteen eighty which a product pause that and into the continues to keep acting on............
Gold to Hit $1,400: Chartist
Feb. 7 2011 | Ray Barros, CEO at Ray Barros Trading Group, believes gold will retest the $1,400 level again. With the precious metal currently trading at $1,350 an ounce, he tells CNBC's Oriel Morrison that investors should consider picking up some gold.
Monday, February 7, 2011
Gold vs. Silver
Feb. 7 2011 | Gold or Silver Both precious metals are expected to move higher in 2011, but which is the better buy? Phillip Streible of Lind-Waldock and Jeffrey Christian of the CPM Group weigh in.
David Morgan on The Ellis Maritn Report - Feb 7 2011
David Morgan makes a return to the Ellis Martin Report to discuss his outlook for the next six months in the precious metals market. He also teases a mention of a new potential opportunity in the form of a potentially undervalued company in the sector. Upgrades have been made to www.silver-investor.com and The Morgan Report http://www.ellismartinreport.com http://www.silver-investor.com contact: martinreports@gmail.com
Peter Hambro, : Gold Spike by End of 2011
Feb. 2 (Bloomberg) -- Peter Hambro, chairman of Petropavlovsk Plc, talks about the outlook for the gold price. He speaks with Bloomberg's Ryan Chilcote at Troika Dialog's "Russia Forum" in Moscow.
Randgold 2010 Profit Up 43%
Feb. 7 2011 | "We're very comfortable, even if we look out at a $1000 an ounce... we believe that shareholders should share the benefits of a higher gold price," Mark Bristow, CEO of Randgold Resources told CNBC.
Why property is no longer an excellent Investment-Part 2 ( Continued)
This post is a continuation of part 1. Please read the link first. Based on the parameters and the given scenario ( Price stagnates, no capital appreciation) , below is the layout of the spreadsheet.
Sold within 1 year of purchase
By the end of the 1st month, if the property is sold, the percentage loss is 42.85%. When this loss is annualised, the percentage loss is 514% per annum.
By the end of the 12th month, if the property is sold, the percentage loss is 37.80%. When this loss is annualised, the percentage loss is 254.34% per annum.
The above is due to the horrific 16% stamp duty.
Sold after 2 year of purchase but within 3 years
By the end of the 36th month, if the property is sold, the percentage loss is 7.58%. When this loss is annualised, the percentage loss is 2.53% per annum. The above is due to the horrific 8% stamp duty.
Sold after 3 years of purchase but within 4 years
By the end of the 48th month, if the property is sold, the percentage gain is 7.64%. When this loss is annualised, the percentage gain is 1.91% per annum. The above is due to the horrific 4% stamp duty.
Sold after 4 years of purchase but within 5 years
By the end of the 60th month, if the property is sold, the percentage gain is 22.94%. When this loss is annualised, the percentage gain is 4.59% per annum. There is no longer any seller stamp duty.
From the 6th years onwards, i will hide some columns and leave only the End of month, Percentage gain and Annualised percentage gain columns.
As can be seen, if one has holding power to wait, there is still some meat left but seriously the reward is greater than the horrific risk of capital depreciation, excess supply resulting in lower rents, increase in mortgage rates Do remember that this model is assuming the house is constantly being rented out and that commission for renting out the house has not been included. Repairs, renovations have also not been included.
Sold within 1 year of purchase
By the end of the 12th month, if the property is sold, the percentage loss is 37.80%. When this loss is annualised, the percentage loss is 254.34% per annum.
The above is due to the horrific 16% stamp duty.
Sold after 1 year of purchase but within 2 years
By the end of the 24th month, if the property is sold, the percentage loss is 22.73%. When this loss is annualised, the percentage loss is 11.36% per annum. The above is due to the horrific 12% stamp duty.
Sold after 2 year of purchase but within 3 years
Sold after 3 years of purchase but within 4 years
Sold after 4 years of purchase but within 5 years
By the end of the 60th month, if the property is sold, the percentage gain is 22.94%. When this loss is annualised, the percentage gain is 4.59% per annum. There is no longer any seller stamp duty.
From the 6th years onwards, i will hide some columns and leave only the End of month, Percentage gain and Annualised percentage gain columns.
As can be seen, if one has holding power to wait, there is still some meat left but seriously the reward is greater than the horrific risk of capital depreciation, excess supply resulting in lower rents, increase in mortgage rates Do remember that this model is assuming the house is constantly being rented out and that commission for renting out the house has not been included. Repairs, renovations have also not been included.
Sunday, February 6, 2011
Chris Powell, Bill Murphy, GATA, Vancouver Resource Investment Conference 2011
GATA, Chris Powell, Bill Murphy, January 24, 2011 (Part 1), Vancouver Resource Investment Conference 2011
James Turk : SILVER SHORTAGE and GOLD - Goldseek Radio 04 Feb 2011
Jim Turk on Goldseek Radio 04 Feb 2011
James Turk: Chairman and Founder of Goldmoney.com which operates the leading digital gold currency- James Turk has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. James has specialized in international banking, finance and investments since 1969. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank). He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, until resigning in 1987.His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
James Turk: Chairman and Founder of Goldmoney.com which operates the leading digital gold currency- James Turk has written “The Freemarket Gold & Money Report,” an investment newsletter since 1987. James has specialized in international banking, finance and investments since 1969. His business career began at The Chase Manhattan Bank (now JP Morgan Chase Bank). He subsequently joined the investment and trading company of a prominent precious metals trader based in Greenwich, Connecticut then moved to the United Arab Emirates to be appointed Manager of the Commodity Department of the Abu Dhabi Investment Authority, until resigning in 1987.His media appearances include GoldSeek.com, CNN, Bloomberg, CBSMarketWatch, CNBC, Barron’s, the Wall Street Journal, and Financial Sense Online.
Saturday, February 5, 2011
David Morgan : Silver Monetary and Industrial Demand
Cheviot's Sound Money Conference : Silver Monetary and Industrial Demand
Cheviot's Sound Money Conferencewas held on Thursday the 27th January 2011
at London's historic Guildhall.
David Morgan is a widely recognised analyst in the precious metals industry and consults for hedge funds, high net worth investors, mining companies, depositories and bullion dealers. He is the publisher of The Morgan Report on precious metals, author of �Get the Skinny On Silver Investing� (Morgan James Publishing, 2009), and featured speaker at investment conferences in North America, Europe and Asia.
David Morgan
Proprietor of http://www.Silver-Investor.com
Cheviot's Sound Money Conference
was held on Thursday the 27th January 2011
at London's historic Guildhall.
http://www.cheviot.co.uk/sound-money-...
Why property is no longer an excellent investment (Part 1-to be continued)
Been debating with a friend on whether property is a good investment for ages!The problem with this debate is both of us just throw out qualitative statements about the good and bad of it. I gave up. Took out a spreadsheet and did a property calculator. Let this spreadsheet be the end of such meaningless debate. I have inputted the new rules implemented this January 2011. The following parameters are what have been placed into the model. I would like to add that this model serves as the best case scenario for residential private property investment. Therefore, one would very likely get less than the returns stated.
Parameters based on government rules
- 40% downpayment is needed.
This is because we are looking at property as an investment and very likely this investor has an outstanding home loan already.
- Seller stamp duty (SSD) of 16%, 12%, 8%,4% in the 1st,2nd,3rd and 4th year respectively if property is bought and sold within these years. No SSD if sold after 4th year.
- Buyer stamp duty(BSD) of 1% on first $180000, 2% on next $180000 and 3% on remaining property price.
-Property agent commission of 2% paid by seller
-Property tax of 10% of annual property value
Assumptions ( I would really appreciate it if you would tell me if i had made any unrealistic assumptions...i am open to constructive criticism. Remember this is a model)
- Net rental yield of 3.5%. This is calculated by taking the monthly rent minus maintenance minus monthly property tax divided by property price Monthly property tax is derived from the annual property tax divided by 12 months. ( i feel i might be quite optimistic about the yield already given the way i calculate it)
- Mortgage is fixed at 2% per annum. (Very good already)
- Loan tenure is 30 years
- Property is rented out 100%.(best case scenario)
- Rent amount is constant. ( best case scenario)
- Buyer legal fees is $2500 ( Is this fair?)
-Seller legal fees is $2000 ( Is this fair?)
What i have not included (because it varies greatly from individual to individual)
- i have not included the property agent's commission for renting out the property
- i have not included the renovation or repairs or furniture cost
- i have not included home insurance
The Horror Story
Mr Dick Albaross, who has a hearing problem, has $380,000 to invest. He eats fish every meal and likes to go to the wet market to buy silver pomfret from Auntie Chuck Hubert. In the wet market, he hears Auntie Chuck Hubert chant " buy pomfret", "buy pomfret". Being hard of hearing, he thought she meant " buy property" , buy "property". Since Auntie Chuck Hubert sounded so earnest, she could be right!!! Hmm, should i buy a property.....Dick pondered.
Scenario 1 (Property price stays stagnant)
Parameters based on government rules
- 40% downpayment is needed.
This is because we are looking at property as an investment and very likely this investor has an outstanding home loan already.
- Seller stamp duty (SSD) of 16%, 12%, 8%,4% in the 1st,2nd,3rd and 4th year respectively if property is bought and sold within these years. No SSD if sold after 4th year.
- Buyer stamp duty(BSD) of 1% on first $180000, 2% on next $180000 and 3% on remaining property price.
-Property agent commission of 2% paid by seller
-Property tax of 10% of annual property value
Assumptions ( I would really appreciate it if you would tell me if i had made any unrealistic assumptions...i am open to constructive criticism. Remember this is a model)
- Net rental yield of 3.5%. This is calculated by taking the monthly rent minus maintenance minus monthly property tax divided by property price Monthly property tax is derived from the annual property tax divided by 12 months. ( i feel i might be quite optimistic about the yield already given the way i calculate it)
- Mortgage is fixed at 2% per annum. (Very good already)
- Loan tenure is 30 years
- Property is rented out 100%.(best case scenario)
- Rent amount is constant. ( best case scenario)
- Buyer legal fees is $2500 ( Is this fair?)
-Seller legal fees is $2000 ( Is this fair?)
What i have not included (because it varies greatly from individual to individual)
- i have not included the property agent's commission for renting out the property
- i have not included the renovation or repairs or furniture cost
- i have not included home insurance
The Horror Story
Mr Dick Albaross, who has a hearing problem, has $380,000 to invest. He eats fish every meal and likes to go to the wet market to buy silver pomfret from Auntie Chuck Hubert. In the wet market, he hears Auntie Chuck Hubert chant " buy pomfret", "buy pomfret". Being hard of hearing, he thought she meant " buy property" , buy "property". Since Auntie Chuck Hubert sounded so earnest, she could be right!!! Hmm, should i buy a property.....Dick pondered.
Scenario 1 (Property price stays stagnant)
( This post will be continued to show the annualised percentage gain for the different years when the property is sold......Gotta go gambling now....).
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