Reason to own gold
Peter Schiff explains why a new drachma would be ideal for Greek politicians, but a disaster for Greek citizens and creditors. Peter also reveals why the United States faces the same debt dilemma as Greece. There’s just one major difference – the US already has a currency it can devalue.
Peter, you’re right about the US not being able to repay its debt, but you may be wrong about how that plays out. The US debt market is the largest and most liquid in the world by far, and there’s really no other game in town — the BRICS countries are in lousy shape, and so is the Euro zone, so big money institutions really have nowhere else to go. Read more
The Inside Facts on Gold
Gold is a dense, soft, malleable, and ductile metal with a bright yellow color and luster that is attractive, and is maintained without tarnishing in air or water.
I would not use gold as 100% in my investing endeavors. However gold is the safest long term investment on the planet. It is true wealth and has been for thousands of years. Use it as a BASE not as all your investments. Read more
Gold Panning Lesson
An instructional video on gold panning
From Wikipedia, the free encyclopedia:
Gold panning, or simply panning, is a form of placer mining and traditional mining that extracts gold from a placer deposit using a pan. The process is one of the simplest ways to extract gold, and is popular with geology enthusiasts especially because of its cheap cost and the relatively simple and easy process. Read more
Gold Price Jumps Up
Investors pushed gold higher today, mainly because the latest news on jobs seems to indicate that the federal reserve will have to postpone any possible interest rate hikes. With interest rates near zero. Investing in gold takes on an additional luster. Read more
Spot Gold Market
March 26, 2015, marked the seven trading day in a row that the spot price of gold has advanced.. One major commodity analyst said that the gold price chart looks like it put in a technical double bottom. This type of chart pattern usually indicates that a solid bottom has been put in. And there’s a high probability of continued strong upward momentum. Read more