silver

An interview with Dr. Doom: Marc Faber talks about why the dollar is finished and other interesting subjects

by Lee on July 2, 2011 1:00 am · 3 comments

Dr. Marc Faber is known as Dr. Doom because, unfortunately, he’s a contrarian whose dark forecasts have been right on the money. He publishes a pithy monthly investment newsletter called The Gloom, Boom & Doom Report.

Here are five questions and answers we plucked from a recent interview with the Daily Bell:

Question #1:

Daily Bell: Do you still expect hyperinflation?
Marc Faber: In my view, the debt level, especially in the US, if we include the unfunded liabilities of Medicare, Medicaid, Social Security and these entitlement programs, is beyond repair. And this will necessitate printing more money. Also, in my view, there is no real political will to address the issues, because who ever would cut entitlements, will not be re-elected. So we have a tyranny of the masses.

[Read the other 4 interesting questions and answers...]

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Is Another Silver Breakout Close at Hand?

by Mark on March 21, 2011 6:13 am · Comments/Link

Kimble Charting Solutions this morning put out a nice chart on Silver. A little over 30 days ago, he told readers to buy on a breakout, which then occurred. Today, he tells readers to buy if Silver breaks out from the new pennant pattern it finds itself in. Make sure to place a stop under the lower resistance line if you do buy.

Silver breakout

Click to Enlarge

Complete article: Kimble Charting Solutions Blog.

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Why Silver is the Investment of the Decade

by Mark on March 9, 2011 8:32 am · Comments/Link

In his latest interview with Canada’s Business News Network, analyst and financial manager Eric Sprott explains why silver will continue to rise and could very well become one of the top performing investments of this decade.

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Congratulations on your 10% Stock Gain. Big Deal.

by Mark on January 1, 2011 10:40 am · Comments/Link

Feeling good about the 10% the U.S. stock market gained in 2010? Forget about it. Or as Peter Schiff says in this video, big deal. Against other currencies, metals and commodities, you lost ground.

While we’re in Peter Schiff mode, here’s a debate he was in yesterday on some of the same subjects, and offers predictions for 2011:

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Jim Rogers: “A trade war could be the end of all of us.”

by Mark on October 22, 2010 6:49 am · Comments/Link

Jim Rogers was on Bloomberg yesterday to discuss currencies primarily, and in particular the Chinese Yuan. The entire interview is well worth a listen, as he comments on currencies, China, gold, silver, rare earth elements and inflation. But, for us the biggest take-away is what he has to say about the end result of a currency war.

http://www.youtube.com/watch?v=yHZ3oCNkfLw

“A trade war could be the end of all of us. In the 1930′s we had a trade war, it had led to the Great Depression, and ultimately to the second world war. No one has ever, ever won a trade war, everyone loses a trade war. If the trade war gets worse, that’s the end of the game. The world economy is going to be in trouble for a long time to come. Unfortunately, most politicians have not read their history or their economics and don’t know the consequences of a trade war.”

Jim Rogers always tells it like it is.

He’s right about the politicians not following history. You can bet that these idiots will lead us to disaster, whether it’s through currency wars or something else.

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