Schiff on Gold

Peter Schiff.  He was ridiculed by the mainstream press for being wrong on the housing bubble before it happened. But then it happened.  And now the mainstream press look like fools. Google "peter schiff was right" and watch the youtube assault on Peter when he was predicting totally accurate housing crash.

The more things change, the more they stay the same.

Now the mass media hates gold.  Of course they do, but on what basis of logic?  None.  So here is Peter Schiff on gold and I bet he is right again.  Let's listen...

"Betting against gold has been the wrong trade. Over time, gold keeps making new highs. The same could be said for gold stocks, albeit at a slower rate. The gold shares reflect the fact that you’ve got a lot of skepticism. This is the antithesis of a bubble. Instead of there being euphoria and people speculating on a gold rally, they are all betting against it. Meanwhile, gold continues to climb a wall of worry.

"The gold bears don’t understand the fundamentals. These were the same people that didn’t see the housing bubble or the financial crisis. This is why you will see the few people that bet right on subprime, are also the ones that are betting on gold. These savvy players have a better understanding of the macro-economic fundamentals."

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/17_Peter_Schiff_-_Gold_Bears_to_Get_Pummeled,_No_Crash_in_Stocks.html

 

You can't have esponential doubling rates on currency printing and still have gold stay still or go down.  Gold can't go down or stay stable.  It will rocket up compared to fiat currency because fiat currency is being taken out with the trash.

Silver is an even better investment due to industrial "draw down" of above ground supplies.  Do keyword searches on that to find out more.

Posted via email from The Hook of Magog

Big Energy Picture Increasingly Understood (and going mainline)

Increasingly, varioius segments of social and economic strata globally are coming to the grips of the coming mighty crash.  Judging from the fundamental drivers pushing this thing, it will be a crash on a scale not seen since the days of Noah.

Whereas, 12 years ago the term Peak Oil wasn't even coined yet, these days the big picture of energy as it relates to food and population and ecology and of course petro dollars / fiat currency is increasingly going mainline.

John Embry of Sprott Asset Management, indicates that the investment world is taking note of the fundamental shifts in the world affecting us all.

Check this out..

Embry also added: “There was an interesting article in Forbes. It was an interview with the CEO of Shell, Peter Voser. He was talking about their view on the demand for oil in the next 30 or 40 years, out to 2050. Shell believes the demand for energy could double by 2050.

Voser is not at all optimistic about alternative energies during that time frame. So, basically oil is going to have to supply most of the new demand. He responded to the question have we reached peak oil, which I believe we have, but he says that we’ve certainly hit cheap peak oil.

Consequently, if you are going to have any kind of growth like that, it’s going to be with extremely expensive energy. I don’t think that’s possible. I just don’t think the world can absorb dramatic increases in the energy costs and continue to grow or the population continue to grow for that matter.

It means that there is going to be some disruption coming. I find it amusing that people talk about ten billion people on earth by 2050, and everything running as normal. We are having trouble functioning now, with seven billion people. The fact that we’re going to try to feed and provide energy for 50% more people doesn’t seem to be doable. Time will tell.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/16_Embry_-...

Posted via email from The Hook of Magog