July 30, 2009
– Comments (9)
Are those chemtrails or bodily fluids??
Wow that's a good one!
LOL! That was awesome!! :)
cap and trade that!
I just found this interview in the Globe and Mail with Mr. Embry from Sprott Asset Management:
Think you might like it.
Thank you so much for bringing that to my attention!! That's a terrific exchange with some very powerful content. His thoughts on the bullion ETFs certainly will raise some eyebrows.
Also, I wonder whether my regular readers will recognize shades of TMFSinchiruna in his phrase:
"People must remember hyperinflation is a currency event."
"We are close to lift off and the gold price at worst will trade at several multiples of the current price."
"I certainly prefer the yuan to most other currencies but in current circumstances, the entire world currency system in under suspicion and gold is a hard asset which isn't somebody else's liability."
[I swear this guy must be reading my stuff] :)
"I have never been a fan of Barrick due to its hedge book but I think buying Gold Corp. in the mid to high 30's represents a solid entry point."
"I believe inflation/hyperinflation to be a currency event which historically has often unfolded in very weak economic climates which have led to excess monetary and fiscal stimulus. Thus, I have no problem with an inflationary problem developing even if unemployment worsens."
"I believe inflation will start almost imperceptibly, then slowly gather steam before exploding. I would recommend you try and get a book called "When Money Dies" which is a graphic example of the process in Weimar, Germany." [I plan on following this advice. Has anyone here read it?]
"Without central bank dispositions (mostly clandestine) the gold price would already be dramatically higher."
" I think that the U.S. has already swapped or lent a significant proportion of their gold reserves (if they hadn't, they would willingly submit to an audit, which hasn't happened since the mid 50's) so I see this as a total non-factor."
"As bullish as I am on gold, I actually believe silver has more percentage upside in the intermediate term (ie. if gold goes to $1,500 per oz, I could see silver at $30 to $40 per oz)."
This is all incredible stuff ... thanks silverincite!!!
Thank you for the Silver for $1 an Ounce article back in November.. SLW was the first stock I ever baught back in November when I finally decided to open up a trading account.
Since then, I've followed your blogs and articles. I really enjoy the blogs that include all of your recent articles, so please keep those coming. It would be great if TMF added a function that would allow you to search for articles by author.
Many of the thoughts in the Globe and Mail article reflected what I had been reading here. Hopefully it does bring more scrutiny to the bullion ETFs.
Thanks for your readership, and I'm very happy that SLW is working out for you.
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