Wednesday, March 27, 2013

Build up to WW3 : Chinese navy exercises 'surprise' neighbours





Military tension is rising elsewhere in Asia. A Chinese naval taskforce has reached the southernmost part of the South China Sea, which it claims as its own - to the annoyance of neighbouring nations. Al Jazeera's Florence Looi reports

Fall of the Fourth Reich - Empire of Debt

Fall of the Fourth Reich - Empire of Debt
The debt bubble will burst and was predictable decades ago. Derivatives, housing bubbles, exponential debt increase are all heading one way. A total collapse in fiat money. Total collapse in money will bring chaos. Chaos will trigger conflict, land grab wars, martial law. The last steps to total control and humanity mostly killed off with the rest enslaved.

Will South Korea Really Attack America ?

North Korea has again threatened war against South Korea and the United States, saying conditions "for a simmering nuclear war" have been created on the peninsula. The communist state's foreign ministry said it will inform the UN Security Council of the latest situation, as tensions continue to simmer on Wednesday.

Tuesday, March 26, 2013

Peter Schiff : Get Your Money out of the Banks and Buy Gold instead


Cyprus Banks and The End Game is a Huge Crisis-Peter Schiff

In the wake of the Cyprus banking crisis, Peter Schiff of Euro Pacific Precious Metals says, "There's no question a crisis is on its way. The end game is a huge crisis." With that in mind, Schiff says, "Why would you leave any extra money in a bank to get zero percent interest. . . . I think pull your money out, and put it into some kind of investment. . . . anything other than a piece of paper that's going to lose value." Join Greg Hunter as he goes One-on-One with money manager Peter Schiff.Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

JIM ROGERS - All FIAT CURRENCY will be WORTHLESS in 2014. Dont SELL GOLD or SILVER


JIM ROGERS - All FIAT CURRENCY will be WORTHLESS in 2014. Dont SELL GOLD or SILVER
Legendary investor Jim Rogers sees now as a great time to load up on gold and silver coins - and he's not alone.

A record 7.5 million ounces of silver coins were sold in January as investors hunted for a safe haven investment.

"You can't get [silver coins]. They sell out," Rogers, who owns a rare 2013 silver coin, said on Yahoo! Finance's "The Daily Ticker." "Several mints have run out of coins because everybody's worried about the future of the world."

And 150,000 ounces of American Eagle gold coins were sold in January, the highest monthly total since July 2010.

"Gold has been up 12 years in a row which is extremely unusual for anything," added Rogers. "A lot of speculators are rushing into gold right now. I'm not rushing into gold, but I'm certainly not selling it. If it goes down, I'm buying more."
Gold and Silver Prices in 2013

While gold is only up half a percentage point so far this year, silver is up around 5%.

Many analysts, including Money Morning Global Resources Specialist Peter Krauth, see both metals ending the year higher, especially silver.

Gold and silver will be spurred by the inflationary actions of central banks, strong investor demand and decreased supplies. Krauth expects silver to outperform gold because of the added demand from its various industrial uses, and its low price compared with gold.

In fact, Krauth sees silver prices, currently trading around $31.50 an ounce, reaching $54 an ounce. He sees gold, now trading at $1,675 an ounce, hitting $2,200 an ounce during 2013.

Gold and silver may be off their highs but that hasn't hurt demand for gold and silver coins. Sales of silver eagle coins hit a new record last month and gold coin sales in January reached their highest level in almost 19 months.

"You can't get [silver coins]. They sell out," says legendary investor Jim Rogers. "Several mints have run out of coins...because everybody's worried about the future of the world."

Rogers, chairman of Rogers Holdings and author of the new book, "Street Smarts: Adventures on the Road and in the Markets," tells The Daily Ticker that he "wouldn't rush in right now" to buy more coins, but he's not selling them either.

Rogers says he'll buy more gold only if prices fall further (gold is currently trading 12% below its record high of $1,900).

"Gold has been up 12 years in a row which is extremely unusual for anything," he notes.

Gold and silver, like most commodities, are priced in U.S. dollars. Rogers is not a fan of the greenback but is an owner because other currencies, such as the Japanese yen, are collapsing.

The yen has fallen to a 2-1/2 year low against the U.S. Dollar and has weakened against the euro as a result of the Bank of Japan's aggressive easy money policy.

The man who heads the Bank of Japan, Governor Masaaki Shirakawa, said Tuesday he would step down March 19, three weeks earlier than planned. He was presumably under pressure to ease even more aggressively in order to reverse Japan's long-term deflation. Investors have turned bearish on the yen but Rogers says he is "contemplating buying some" because of the decline.
Related: 2013 Could be the Year Japan's Economy Turns Around: Cumberland's Witherell

When asked which currency holds the most promise now, Rogers says it might be the Russian ruble although "he's stunned" to hear himself say that.

"Russia has massive problems...that's why the ruble is so cheap," he notes. "There's great change taking place in Russia and whenever you can find a cheap place with massive positive change taking place you should buy all you can."

In the meantime, he advises investors not to sell their gold and silver coins. "There is no paper money in 2014 or 2015 that will be worth much of anything," he says.

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC