10 Quotes From Financial Experts About The Effect That QE3 Will Have On Gold And Silver

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Do you want to know what QE3 is going to do to the price of gold and the price of silver?  Well, you can read what the financial experts are saying below, but it doesn’t take a genius to figure out what is likely to happen.  During QE3, the Federal Reserve will be introducing 40 billion new dollars that have been created out of nothing into the financial system each month.  So there will be more dollars chasing roughly the same number of goods and services, and that means that more inflation is on the way.  In an inflationary environment, investors tend to flock to hard assets such as gold and silver.  And it is important to remember that a lot of the money from QE1 and QE2 ended up pumping up the prices of various financial assets.  This included commodities such as gold and silver.  The same thing is likely to happen again with QE3.  In addition, investors now have an expectation that the Fed will continue printing money for the foreseeable future and that the U.S. dollar is going to steadily decline, and that expectation will also likely give further momentum to the upward movement of gold and silver.  Of course when it comes to investing, there is never a “sure thing” and as the global financial system falls apart in the coming years we are likely to see wild swings in the financial markets.  So there is definitely an opportunity when it comes to gold and silver, but anyone that wants to invest in gold and silver needs to be ready for a wild ride.


In a previous article, I compiled 10 quotes from experts about what QE3 is going to do to the U.S. economy.  In this article, I have compiled 10 quotes from financial experts about the effect that QE3 will have on gold and silver.  Hopefully you will find some nuggets of wisdom that you can use in these quotes from some top financial veterans….

#1 Citi analyst Tom Fitzpatrick

“When gold breaks above $1,790, many people will feel they have missed the boat, and they will go to silver instead. So silver should outperform gold. People have to remember that we are only at the midpoint of the gold/silver ratio of the last 45 years. So it is not inconceivable that we could still go lower in terms of that ratio.

If we see gold move to the $3,400 level, it is not inconceivable that we may see silver closer to $100. Investors have to remember that at the end of the 70s the gold price doubled in a mere five or six weeks. If 3 to 5 years down the line we see that the base policy of the developed world is to continue printing money, then the gloves are off in terms of what levels gold and silver could actually go to.”

#2 GATA’s Bill Murphy

“All I know is: the physical market, if you want to buy silver in size, is the most difficult in history.  These are from my best sources.”

#3 Francisco Blanch, a global investment strategist with Bank of America Merrill Lynch, regarding his belief that gold is heading to $2400 an ounce….

“Given the new open-ended nature of QE3, the upward pressure on gold prices should continue until employment is strong enough to require a change in policy”

#4 Morgan Stanley Commodities Analyst Hussein Allidina

“We remain convinced that the interest rate outlook, the likelihood of continuing risk aversion because of the Eurozone debt crisis, and strong physical market fundamentals justify exposure to gold”

#5 Peter Schiff, CEO Of Euro Pacific Capital

“The dollar is vulnerable to a massive collapse . . . buy gold and silver.”

#6 Jim Rogers

“But I’m not selling any gold. If it goes down I hope I’m smart enough to buy more. If it goes down a lot I hope I’m smart enough to buy a lot”

#7 Deutsche Bank Analysts Daniel Brebner and Xiao Fu

“We would go further however, and argue that gold could be characterised as ‘good’ money as opposed to ‘bad’ money which would be represented by many of today’s fiat currencies. In describing gold as such we refer to Gresham’s Law – when a government overvalues one type of money and undervalues another, the undervalued money (good) will leave the country or disappear from circulation into hoards, while the overvalued money (bad) will flood into circulation.”

#8 Nick Barisheff, the CEO of Bullion Management Group Inc

“The message is that the era of high returns financial assets for both stocks and bonds, as Pimco’s Bill Gross has stated, is over, and gold is the primary go-to asset for wealth preservation. QE3 will only serve to accelerate this trend.”

#9 Pimco’s Bill Gross

“Gold can’t be reproduced.  It could certainly be taken out of the ground in an increasing rate but there’s a limiting amount of gold.

And there has been an unlimited amount of paper money over the past 20 to 30 years and now – in this period of central bank expansion where it’s QE1 or QE2, or whether it’s the LTROs of the ECB or this potential new program … then central banks are at their leisure to basically print money.

Gold is a fixed commodity that has a considerable store of value that paper money has not….

When a central bank starts writing checks and printing money in the trillions of dollars, it’s best to have something tangible that can’t be reproduced, such as gold.”

#10 Marc Faber

“I think that the trend for gold prices will be steady, but the trend for the dollar and other currencies will be down. In other words, in dollar terms the price of gold will trend higher. How high it will go, you have to call Mr. Bernanke and at the Fed, there are other people actually that make Mr. Bernanke look like a hawk. So they are going to print money.”

Over the past several weeks (both before and after QE3 was announced) we have seen a significant rise in the price of gold and in the price of silver.

A lot of very wealthy people around the globe greatly benefited from this move.

In a previous article, I quoted an article from the Telegraph that discussed the enormous amounts of money that billionaires George Soros and John Paulson had been investing in gold earlier this year….

There was also news last week in an SEC filing that both George Soros and John Paulson had increased their investment in SPDR Gold Trust, the world’s largest publicly traded physical gold exchange traded fund (ETF).

Mr Soros upped his stake in the ETF to 884,400 shares from 319,550 and Mr Paulson bought 4.53m shares, bringing his stake to 21.3m.

At the current price of about $156 a share, these are new investments of about $88m of Mr Soros’ cash and more than $700m from Mr Paulson’s funds. These are significant positions.

And central banks all over the planet have also been hoarding gold.

According to the World Gold Council, global central banks added 157.5 metric tons of gold last quarter.  That was the most gold that global central banks have ever added to their stockpiles during a single quarter.

Could it be possible that some folks knew ahead of time that QE3 was coming?

That is a very interesting question.

In any event, there is certainly a lot of hoarding of precious metals going on around the world, and without a doubt a lot of financial insiders are very bullish on gold and silver right now.

But in the financial world there is never a guarantee that something will happen.

For example, if there is a stock market crash in the coming months the price of gold and the price of silver are likely to fall dramatically.

Just take a look at this 5 year chart for silver.  During the last financial crisis the price of silver dropped like a rock.  In fact, it fell by more than 50 percent between late 2008 and early 2009.

So when the next stock market crash comes (and it is coming at some point) be prepared for gold and silver to take a tumble.

But how will the financial authorities respond to such a crash?

They will print even larger amounts of money of course.

And that will once again be very good for gold and silver.

So don’t let the ups and downs scare you too much.

Gold and silver are definitely in for a wild ride, but in the long-term I am extremely bullish on gold and silver.  I believe that both are eventually headed into the stratosphere.

So what do you think is going to happen to gold and silver?  Please feel free to post a comment with your thoughts below….

  • ScoutMotto

    I can’t wait to see the metals take off.
    Go gold, go GATA!

  • marK

    Silver could be used as money to buy smaller items and 1 oz. gold coins will be used for large transactions. I would not buy US gold coins as the government could claim them, but I am not so sure about other countries coins as they do have a face value and can be spent where they were minted. I don’t trust gold bars and the news out there proves my distrust to be correct. I would rather have food, ammo, extra clothing and shoes before I would start to collect gold or silver. If there was a shortage of food, very few would have enough extra to trade for gold.

    • Gay Veteran

      Buy coins only, not bars!

      a British sovereign contains 0.2354 ounce of gold

      • ScoutMotto

        I figure the two-peso gold coins would be good for small purchases. They are approximately 0.048 ounce of gold, so just under 1/20th.

  • YH

    Own physical precious metals, and don’t store them in a bank safe deposit box. If you don’t hold it, you don’t own it. If a “bank holiday” is declared in the U.S., whatever is stored in a safe deposit box may be lost forever. Don’t believe me? Just ask the folks in Argentina who lived through the economic collapse in 2000.

    • Mondobeyondo

      I wouldn’t put gold or silver coins, or precious metals at a bank safe deposit box. No way.

  • Priceless

    It will be thrown into the streets eventually ,nothing will save the system or those who cling to it.

  • Jeremy

    Off topic

    I read this article and its totally shocking of how GMOs effects to Lab Rats.


  • Joe

    I have no idea what I’m talking about, but I wouldn’t trust any investment that doesn’t put tangibles in your hands in the event of an economic meltdown.

    If the economic meltdown spirals into a total societal collapse as many predict, better to invest in barter items that people will need to survive post civilization. Of course beans bullets and band-aids. But I think disposable razors, cans of salt and can openers might be worth more than gold in such an environment. And don’t forget leather goods- every movie I’ve ever seen, post society folks are wild about leather.

  • cory

    obviously the financial and govermental elite know what is going on…….. it is the same as the last depression all the big boys knew when to get out of the market, and they all knew right when to get back in.

    this time is no different except the big boys are getting out of the market and out of fiat this time. this is the big one… this is the crash that can turn a normal well educated and well informed person (and i don’t mean tv news) from being a middle income earner to actually having generational wealth, of course presuming that they are holding silver and gold and don’t die of starvation during this coming……… what would you call it? fiscal paradigm shift?

    good luck to you all and this is a great site by the way

    thank you


  • Pete Bolt

    I’ll go with what’s been good for several thousand years….not paper.

  • Alexander Smith

    So is there any value in actually owning PHYSCICAL gold? Everytime I look at what you can get for actually selling physical gold its crap compared to what it would cost to buy that gold from a coin dealer.

  • William

    If one had purchased an ounce of gold at the early 1980s peak price, and held that piece of gold for these past 31/32 years, they would have lost about $500 in inflation adjusted terms, and would have forfeited about $1,000 in lost interest income……total loss about $1,500. Thus, I have avoided the siren song of the gold bugs up until NOW. HOWEVER, today finds the UNCONSTITUTIONAL Federal Reserve, a PRIVATE bank controlled by foreigners, cranking out money created from NOTHING, and backed by NOTHING to buy US government debt. Thus, gold is becoming, in fact, one of the means by which one can hedge, or protect, some of their assset base from the debasement of the US currency. Hindsight being perfect, gold crossed the $1,000 mark about three years ago. Today, gold trades at about $1,850/oz retail. It will only go higher. If one has the liquid funds to diversify into gold, they should…..up to no more than 10% of liquid net worth. Be sure to take PHYSICAL POSSESSION of your gold. The precious metal ETFs do not give you physical possession. Tell NO ONE about your gold, if you have any. Bury it with your SIG 556.

  • K

    You are bullish on silver and gold. Are you sure, that is what you are getting? Michael, I am sure you saw the counterfeit 10 ounce gold bar. Did you see how well it was done? No one went through that much trouble, to do that to just a few bars. There is most likely thousands of them. Even silver coins are being counterfeited by the thousands. They say, buy from a reputable dealer. That 10 ounce gold bar, was bought from a reputable dealer. Pawn shops, who are usually very careful, have been fooled by fake silver dollars. Even fake silver bullion coins have been showing up. If you will fake a 1 ounce silver bullion coin, what will they not fake? You know the verse, they will throw there silver and gold into the streets, because it fails them. Always thought that meant things would be so bad, no one would trade something they might need for silver or gold. What if it means, the silver and gold is not real?

    • Mondobeyondo

      You just have to be careful who and where you buy gold and silver from.

      I tend to buy old silver coins (aka “junk silver”) when I am able to, which isn’t often. As for gold, I can’t afford it. Right now, I need to eat and buy clothes first. (No, not Armani jackets. T-shirts and jeans at Target.)

      • K

        Mondo, that is just the point. These phonies are fooling reputable dealers. Good news for you, silver dollars are the smallest denomination phony so far. So what you have should be fine. Yeah, all the gold I have is a ring, from better times.

        • Mondobeyondo

          I think I’m in good shape. Hard to counterfeit a late 19th century Morgan silver dollar that’s well worn, although anything is possible…

          • DownWithLibs

            Be careful. The Chinese are selling counterfeit old American silver coins. Google it and you will see what they are doing. Not to scare you, but just tread carefully!

          • Malcolm Reynolds

            “Hard to counterfeit a late 19th century Morgan silver dollar ”

            FYI, no it’s not. I was scammed abut 20 years back on a counterfeit bust dollar. I bought it overseas. Was the very first coin I ever bought and when I went into a coin store here in America, the guy took one look at it dropped it on the counter and said, ‘you bought this overseas didnt you’. I said yes and he took a little box out from under the counter that had at least a dozen of the same thing.


    • Scott

      Ultrasound testing is used now to detect fakes. Much ado about nothing.

    • asd

      buy the eagle gold coins , much safer

  • lee

    I would say these guys are over-exagerrating the moves in gold and silver.

    i’d say maybe gold goes to 2500 and silver to 60-75 when things get the worst sometim mid-2013, but thats about it.

    i say this just buy looking at charts and history. gold really moved up parabolically to 2000, but since then its returned to more of a normal trend. it has returned to this trend even with everyone and every country buying gold at record rates. so, i dont expect anything like 3000. another parabolic spike is going to take it to the mid 2000s with silver following gold.

    just look at oil. the mideast is a powder keg and oil has dropped 10% in a week.

    what i’m saying is world events are not about to send things into their respective stratospheres.

    now, 2500 is not a bad return on gold; but i think it would be safer to just buy a mkt short etf.

    i’m still sold the US gets much worse and a great depression will be evident, but back to the 19th century; i’m skeptical; greece hasnt done that and they are in a depression now.

  • GA

    I buy silver, but it comes secondary, and only if there is money left over from acquiring and upgrading preps. Gold and silver don’t taste good and they are really hard on the dental work!

    • SBH

      Yes, but your gold will look great in filling cavities and those guys who wear grills in their teeth spelling out ‘colourful metaphors’. Just kidding. :)

  • Tim

    The prices of gold and silver are suppressed by certain commercial traders, including JP Morgan which holds the biggest short position in silver. The Gold Anti-Trust Action Committee (GATA), which is chaired by Bill Murphy, and others have been documenting this for many years. If if weren’t for the price suppression, the prices of gold and silver would be much, much higher than they are now. But eventually the cartel will be overwhelmed by demand for physical metal as the masses rush to preserve what’s left of their wealth.

  • Imaplaneiac

    What are the references in the Holy Bible about storing up ” gold ” ? I think it’s a ” concordance ” – which I don’t have – that gives all the cross-references. Perhaps a fellow blogger has one? If memory serves … it warns that gold will eventually be worthless. Please CORRECT ME if I’m mistaken!

  • Col. Wilson

    As much as I think G&S will go up in price, I also know that the G&S commodities are manipulated, so that might have an effect on price. Howvever if the feces hits the fan & widespread panic ensues then I think we will see high prices.

    I remember when silver hit $48 an ounce & many ppl held out for even higher prices but missed out = they held on too long.

    The only reason I mention this is that I think its good to cash out some of your G&S reserves IF you going to purchase a final bug-out home. That way if it all goes to hell, at least you have a paid off piece of land & simple dwelling where you can grow food, etc.

    I guess in the end, we’ll see what happens.



    The stockmarket fair value is 3800 for the Dow.
    We are currently at almost the old high near 14k+ only do the intervention of the plunge protection team and the Fed over the years has this been achieved. The crash down to 7000 before came as no surpise it was pre planned
    by the ptb who counted on deleaveraging to take place.
    Gold and silver to big hits as part of that process with help again from the ptb and cartel banks who make it a habit of always being short at behest of the Frd anyway.
    If Stockmarket takes another nce in a century crash again
    and it sanctioned by the Fed etc this time they may not be able to have a sell off in gold and silver this time around. Physical gold and silver will crush the paper shorts and the spreads will be so wide the mass manipulation will be seen for what it has always been.
    Many arrest will take place and therefore it will be a wild ride when gold and silver trade at 20/30 time ther current value.

  • Pastor Glenn

    Reply to Imaplaneiac

    You’re thinking of Christ’s words as written in Matthew 6:19, but I’m going to quote His words through verse 21 and then give you wisdom about what is being said in this context:

    “Don’t collect for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal. But collecto for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves don’t break in and steal. For where your treasure is, there your heart will be also.”

    The statement is not so much about money (which was necessary to live in Christ’s time as it is now), but what one THINKS of it and whether one puts money ahead of fellow human beings, and therefore ahead of God.

    In other words, if you worship MONEY (or wealth, power, possessions, sex, et) instead of the one true God, then you are not storing up treasures in heaven. Your name will not be in the book of eternal life, which is sealed until the last day of what we call “time.” Which is not the same thing as eternity.

    Nowhere in God’s word is money actually condemned, nor gold, nor silver, nor the holding of same. What is condemned is what is described in 2 Timothy 3:1-5

    “But know this: difficult times will come in the last days. For people will be lovers of self, lovers of money, boastful, proud, blasphemers, disobedient to parents, ungrateful, unholy, unloving, irrenconcilable, slanderers, without self-control, brutal, without love for what is good, traitors, reckless, conceited, lovers of pleasure rather than lovers of God, holding to the form of religion but denying its power. Avoid these people!”

    Pastor Glenn

  • Steve

    Let’s assume the dollar becomes worthless do to global money printing schemes (good assumption). Let’s also assume that those who prepped were able to defend their food from the desperate hordes of sheeple (who were clueless of the impeding collapse). If I had some dollars laying around (after I accumulated enough food, ammo, firewood, medicines, ect. to sustain myself and family), I might be able to use the worthless paper to boost my toilet paper inventory for a few days (although the pages of an old phone book would probably feel better). If I had precious metals instead of a few extra squares(rectangles)of tp however, I might be able to use the PM to buy a cow or a hog or grain from a local farmer (who was also prepared for the collapse and successful at defending his food from looters). The farmer would never except dollars as tender for staples for which he had a surplus, but might except silver or gold. In time, local communities (those who survived the initial chaos) would come to except G&S as the age old bartering tender (unless the government mafia loots it first). This is (in my mind) the best reason to own physical PM.

    • Malcolm Reynolds

      “If I had some dollars laying around (after I accumulated enough food, ammo, firewood, medicines, ect. to sustain myself and family), I might be able to use the worthless paper to boost my toilet paper inventory ”

      Why the hell arent you storing TP too?

      • marK

        We have something better than TP. Gravity fed water to a bidet. You have the cleanest butt in town.

    • Gil

      If things go to crap as you suggest then your gold has lost a ton of value, doubly so considering there’s not much to buy. If there’s truth to an almost dead economy running on metal weights as exchange then you’re better off with copper, steel or silver.

  • Maki
  • Teresa

    Bullish for Apple, yes, Bullish for Silver even more.

  • When was the last time a full fledged audit if Ft. Knox gold done. I’m not talking audit or a peek into a vault or two. I’m talking matching all serial numbers to the ones that are supposed to be there and drillinf each bar separately to make sure it’s not tungstun?
    Why can’t we have this audit…after all it’s our gold. Who are the politicians or govt. stooges who are preventing such an audit?….and why not? I’ll bet it’s been at least over 50 years. How can this be. Tell me it ain’t so Joe!

  • Tammy

    A few years ago I read an article by John Wesley Rawls about hoarding nickels and and pre-1982 copper pennies to prepare for a SHTF scenario. The experts in the above article are predicting gold and silver to rise in value but what about copper? After the collapse, could copper pennies and nickels be used for barter? Michael, what do you and your readers think?

    A few months ago my father passed away. He served his country in the U.S. Army in Korea. He was later a small businessman, a volunteer, and a civic leader in our hometown. He was one of those great Americans who formed the backbone of our country by quietly going about his business to make this country great. As much as my family and I miss him, in some ways, I am glad that he is not here to see all that has happened in the past several days (QE3, the Middle East turmoil, etc). It would break his heart.

    • Michael

      I don’t think that copper pennies or nickels will be that desirable, but I could be wrong.

      What do the rest of you think?


      • Mondobeyondo

        Depends on how high the price of copper rises in the coming years. Copper was doing pretty well a couple of years ago, but has since fallen back. Needless to say, just about every metal is going to rise in value now that QE3 is about to be enacted.

        I collect pre-’82 copper cents (there were TWO types of pennies minted in 1982 – the old 95 percent copper/5 percent zinc and tin, and the 97 percent zinc with a copper coating that have been in circulation ever since, the pennies we’ve all come to know and love. Bleech!)

        Personally, I’m more of a numismatist than an investor, but a few good websites to check out are:

        http://www.pcgs.com/News (more of a focus on the numismatic side)
        http://www.cointrackers.com (still more numismatic oriented, but nice info on spot gold and silver prices)
        http://www.coinflation.com – gives the current metal values of coins. Personally, I like this one the best.

      • Kevin


        Copper and nickel have value because of commercial and industrial applications. If there is a collapse demand for them along with their relative price declines.

      • Cleo

        Copper is $3.80/lb. And copper is critical to electrical transmission, so why not save them?

      • Malcolm Reynolds

        They are desireable in that you pay a penny or a nickle for them and the value of the metal is already more than that of the coin.

      • ScoutMotto

        Copper is being stolen out of houses and street lights, so it is considered valuable. I agree that pre-1982 pennies carry notable value.

  • Prepared Painter

    I have lots of preps, and even if I have more than I need I will never trade them for a piece of metal.

  • Gary2

    Weren’t these “experts” the same ones who helped crash the economy???

    • Kevin


      What do you attribute the crash to?

  • tommcd

    Almost all of my savings have been converted to gold and silver. I cashed out of two 401K plans, paid the penalties, and used the money for more precious metals
    Here is the latest installment from Pastor Lindsey Williams from Gold Seek radio. He discusses QE3 in the context of what the global elite are planning, and why you need to get out of paper and into tangible assets like precious metals:

  • tommcd

    Oops, that was the wrong link. Here is the correct link for Pastor Williams on Gold Seek radio:

  • Cleo

    Only tangible commodities and things of value that people want and will need are always good investments. Gold coins and silver eagles minted by our US Mint can still be trusted (there are tungsten filled gold bars starting to pop up).The gold coins are not pure gold, but the silver eagles are .999 pure. So, when you buy a 1 oz gold coin, it isn’t an ounce of gold.

    I suggest gold, silver, food, salt, sugar, coffee, alcohol (booze), and other long term store-able food items,guns, ammo, light bulbs…..essentially anything that can be traded or bartered with that people will need. Wars have been fought over salt, as it is the original food preservative. We plan on trading home canned food if need be.

    The downhill slide is definitely underway and accelerating quickly. If you’re reading all of these blogs by Micheal, then you’re a survivor like me. Life goes on, it’s just a matter of how you live it and how you survive.

    Pray and turn to God. And vote in November…..it may at least stop or slow down at least our transformation “forward”.

    • marK

      A gold eagle contains 1 oz of gold as the coin weighs more than 1 oz. Canadian gold maples are .9999 gold and weigh 1 oz. They cost less than eagles and are a better buy. Who knows what law the government could pass that they could recall all of the US gold coins, but good luck trying to take canadian maples as you could spend them in Canada.

  • Dave Webb

    You asked what I think will happen? The day the new President takes office, Gold will be illegal to own by private individuals in the United States by executive order. Silver will be regulated like it was when the Hunts tried to corner the market. It will be that way no matter who is elected.
    To manage the currency exchange, the government will buy up all the Gold with paper money just like it was done in the depression.
    I suggest they will generously buy at $2,000 an ounce. The government will then put an international price of $4,000 an ounce between banks and governments. Thus they intend to bankrupt the speculators in gold. The paper money won’t be worth the paper it is written on. This will come down as a hidden agreement. Possibly with the UN approval. I suggest it will occur quickly. That means you have 40 days to turn in all your gold.
    Eventually it will be impossible to keep a paper currency no matter how sophisticated the counterfeiting prevention is. So you will have computer cards that will tell how much money you have. This will be the only means of exchange. Total control over what you buy and sell and it will be taxed. This too will be by executive order by a lame duck president. The excuse being too much underground economy money not being taxed.
    The government will then use this executive order business to create a dictatorship. You asked. I hope I am wrong.

    • marK

      Do you really think that the people that have stored gold today will give it up to the government? I don’t think so. This would start a larger underground economy.

    • pranah

      Could very well be, Dave. I tend to think if we are forcibly converted to electronic money cards, an underground trade in paper currency–or gold or silver–would immediately pop up, and would be very difficult to eradicate. Just something to think about.

  • Imaplaneiac

    Commenting on blogger Dave Webb’s input, there was an ” Executive Order ” in the 1930s that ORDERED Americans to surrender their gold to Uncle Scam ( that’s NOT a typo !!! ) under penalty of a $10,000 Dollar fine or imprisonment. BTW, $10,000 bucks back then was BIG MONEY! This can be verified on the web – I’ve done this! The actual Executive Order can be read – that is, unless it has been removed … since I saw it several months ago.

    However, Executive Orders can be rescinded by a subsequent President or if CON-gress takes action.

  • Mustard Seeds

    Could it be possible that some folks knew ahead of time that QE3 was coming?

    It was the worst kept secret of the millennium!

    The amount of colluding that goes on in politics and central banking is way beyond anything anybody in MSM is willing to admit.

    The entire worldwide economic system is operating on life support. Without the money pumping life support, the economy would have flatlined years ago.

    It’s over folks. Better start figuring out how you are going to feed, house and clothe yourselves now before TSHTF.

    Because there is NOBODY out there who has the brass to do what it takes to dig us out of this mess.

  • Thank you for this great article. Regarding the timing of the precious metal markets I really enjoy the works of Martin Armstrong. When it comes to timing, this guy is scary.

    Silver is a great weapon for the common people to fight the insidious money printers.

  • nowwthen

    Even within the precious metals sector diversification is available. There are a lot of ways to invest. There is physical gold, silver, platinum, rhodium, palladium etc that you can take posession of and hold in a safe place. There are mining companies that extract the stuff from the earth and sell shares of their companies. There are all kinds of ETFs that invest in multiple companies that fit a certain profile; large or small miners, foreign and domestic, some designed to profit when commodity prices rise, some designed to profit when commodity prices fall – shorters.

    My favorite is silver coins in small denominations; older U.S. silver dollars and pre 1964 U.S. dimes, quarters and half dollars. They will always have some value and be useful for making transactions even in a worst case scenario where credit and paper currency are no longer accepted.

    If you believe the metals will continue to rise in value as the dollar declines and believe that trend will continue for an extended period prior to a complete collapse there are ways to benefit without paying steep transaction fees to buy and sell physical holdings. One example is Central Fund of Canada (symbol CEF).


    This isn’t a recommendation but more of an idea to look into as an option if you’re thinking about gold and silver as investments or security. CEF holds physical gold and silver and has been doing so since 1961.


    DAMN I HATE TO PISS YOU OFF BUT!! but what does the bible say?? They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity!!!FIGURE IT OUT.


      cast . silver in . streets-just retribution; they had abused their silver and gold by converting them into idols, “the stumbling-block of their iniquity” (Eze 14:3, 4, that is, an occasion of sinning); so these silver and gold idols, so far from “being able to deliver them in the day of the Lord’s wrath” (see Pr 11:4), shall, in despair, be cast by them into the streets as a prey to the foe, by whom they shall be “removed” (Grotius translates as the Margin, “shall be despised as an unclean thing”); or rather, as suits the parallelism, “shall be put away from them” by the Jews [Calvin]. “They (the silver and gold) shall not satisfy their souls,” that is, their cravings of appetite and other needs.


    I will tell you where to store up those treasures!!!http://www.youtube.com/watch?v=x0bLXLK3YO8

  • Randome-11


    Check this out, Michael.

    You might wish to seek out info on how the real inflation rate is significantly higher than the official one, not just in the US but the UK and eurozone as well.

    • Michael

      Interesting stuff. :)