In Gold We Trust: 05/01/2010

Tuesday, May 25, 2010

A Coming Collapse in The Price of Gold?

This video looks at the potential for a huge drop in the price of gold in the short to medium term.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Thursday, May 20, 2010

Gold vs Fiat Money: How is Money Created

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In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Tuesday, May 18, 2010

GATA and Christian Hammer out Gold Price Suppression Debate

This is a great broadcast on this week's Financial Sense with a debate between Jeffrey Christian of CPM and Bill Murphy from GATA. GATA's evidence supporting gold price suppression is heavily scrutinized.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

The Coming Financial Collapse - Solutions

This is a follow up video to A Simple Explanation of the Coming Financial Crisis. In this video we go into more detail about actions and solutions

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Sunday, May 16, 2010

Gold, Inflation and Deflation

Video on Gold, Inflation and Deflation

There has been a huge ongoing debate for a number of years now as to whether we are heading for inflation or deflation - this video seeks to explain it all in very simple terms and also in relation to the price of gold.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Thursday, May 13, 2010

Wine Auction Indicates Smart Money Moves

Richard Russell in his latest report talked of diamonds being auctioned for 4 times their expected price by Sotheby's. It is an indication of the smart money or certainly the mega rich getting out of anything paper into tangible assets. The cliche stores of wealth that have stood the test of time are precious gems, gold and silver, art and lets not also forget wine.

A recent wine auction at Christie's saw a case of La Fite 96 with an estimated value of 6000 pounds fetch 33 000 pounds. While a smaller sum than Richard Russell's diamond, the fact that it took over 5 times its estimated worth not only confirms Russell's assertion but perhaps exceeds it. Cheers!!!

Wednesday, May 12, 2010

Myths about the Current Euro Crisis

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Monday, May 10, 2010

Scrap Gold Price Report in Ounces and Grams May 10th 2010

Scrap Gold Prices Report - Monday May 10th 2010

Gold per troy ounce closed at $1203 Monday May 10th 2010

Scrap Gold Prices Per Gram

10k =$16.12per gram

14k = $22.62 per gram

18k = $28.99 per gram

22k = $35.41 per gram

24k = $38.66 per gram

Scrap Gold Price Per Ounce

10k =$501.44 per troy ounce

14k =$703.46 per troy ounce

18k = $901.87 per troy ounce

22k = $1101,46 per troy ounce

Visit the In Gold We Trust Scrap Gold Calculator for the most up to date prices

Astrology Predictions for the Coming Financial Collapse

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Wednesday, May 5, 2010

Gold, Inflation and Deflation

Many participants in the gold market also watch the ongoing inflation and deflation debate. Gold bugs tend to be arch inflationists claiming that excessive money printing will lead to super or hyper inflation and also assume gold is a hedge against inflation.

The deflationists argues that we are witnessing a huge destruction of credit as more and more countries, corporations and individuals default on their debt. Because this debt is denominated largely in dollars then this means the number of dollars in circulation is decreasing thus will push up the value of the dollar and create deflation and a resultant crash in the price of gold.

Here are some problems I have with both sides of the argument.

1) Gold is not really a hedge against inflation. A yearly inflation rate of 5% does not result in a concomitant 5% rise in the price of gold. There have been times in history such as the 1980s where there was very high inflation but the gold price crashed. Gold is only protection against inflation because historically over time it retains its purchasing power. Gold buys roughly today what it bought 500 years ago and 1000 years ago but it may fluctuate in the mean time.

2) Gold is money - in a deflationary time the value of money increases therefore the gold price should increase not decrease or at the very least retain its purchasing power. So yes gold may drop 10% in value but it will still buy the same because all other prices will also have dropped.

3) Our money today is backed by nothing other than confidence in governments and the financial system. Yes debt destruction may reduce the number of $$$ in circulation and thereby making then theoretically more valuable BUT the increasing level of national, state and corporate defaults undermines the confidence in the system and thereby reducing the value of the currency. It is possible to have a complete currency collapse because no one has confidence in the system anymore. This is where gold's true role comes in as a hedge against political crisis - its value then can only go up.

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins

Gold Related Radio Broadcasts - Not to Miss

Check out all these interviews for great perspectives on market movements etc.

Larry Pesavento on Frisby's Bulls and Bears

gives accurate market timing based on astrological changes

Jim Rickards on King World News discusses possible DOJ investigation into JP Morgan fraud and manipulation in the silver market.

Gold Round Table on Financial Sense

In Gold We Trust in an online Coin Bullion and Scrap Gold Calculator giving up to the minute Scrap Gold Prices, Values of Silver Dollars and other Junk Silver Coins