We Call it QE-Infinity

- Image Source, William Banzai7:

http://williambanzai7.blogspot.ca/2012/10/iqe.html

Dominic Frisby & Mike Hampton - Sound Money and Competing Currencies

"Trader and investor Michael Hampton talks to GoldMoney's Dominic Frisby. They discuss the importance of sound money, the shrinking of the middle class and currency competition.

Dominic Frisby states that the extraordinarily uneven distribution of wealth in country's like Britain and America is a consequence of our system of money. Those who receive the newly created money first benefit over those who don't -- a process which compounds over time and leads to an ever greater concentration of wealth among the top 1%. They also point out that government redistribution of wealth -- whether via inflation or through welfare payments -- is placing incredible pressure on the middle classes, who are finding themselves squeezed like never before.

Currency competition would take away the state monopoly on money and thus its ability to redistribute wealth via inflation. Dominic's favoured model is to go back to metal money that is stored in vaults, and where ownership can be transferred without much effort. Bitcoin is another example of an independent currency. They also talk about the idea of a currency that is backed by equities. The free market is best at creating the most efficient solution to a problem -- which in this case is the need for a reliable international currency."

- Source:

http://www.goldmoney.com/goldresearch.

The London Trader - We Were Within a Hair of a Major Price Explosion

“It got to the point where the vast majority of stops were located near the $1,810 level. If gold would have pierced $1,810, that would have tripped the vast majority of all of those weaker, underwater commercial short positions out of the market. This would have created enough of a short squeeze that we would have seen new highs in gold very rapidly.

This would have been a literal failure by these commercials (commercial signal failure). The gold market got to within $10 of their stops. Why do you think the bullion banks threw everything they had at the gold market at the $1,800 level? We were within a hair of a major price explosion, and disorder in the gold market."

- The infamous insider "The London Trader" via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/16_London_Trader_-_Bullion_Banks_Had_To_Halt_Golds_Advance.html

Print Faster! Hyperinflation Here we Come!

What Form of Silver is Best to Hold?

"We talk a lot about the importance of owning precious metals… and often for the sake of convenience, we lump gold and silver together in the same category. But while the two share similar characteristics as excellent inflation hedges and stores of value, silver has unique fundamentals worth considering. For starters, while the entire gold market is small, the silver market is even smaller. This means that, in a boom, silver is going to rise more rapidly than gold. In a bust, silver is going to drop more rapidly. This gives silver an interesting edge as a speculation. And one way to play this is to buy specific types of silver whose premiums soar during financial panics..."

- Read the full article at ZeroHedge here:

http://www.zerohedge.com/news/2012-10-12/guest-post-what-form-silver-should-you-hold

Gold and Silver Are the Safe Havens

"Gold and silver are the safe havens that have existed throughout civilization. So that’s what people who see a de-civilized society being destroyed by anti-human bankers and financiers, that’s why so many people are putting their money in gold."

- Gerald Celente via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/5_Celente_-_Exclusive_Sneak_Peek_Of_New_Trends_Journal_%26_Gold.html

Bernanke Explains Quantitative Easing

Gold is Going to be the Currency of Choice

"The inflation we will have to endure to get out of this situation will cause a lot of chaos, but I think that’s where we are headed. But whether we have inflation or deflation, gold is going to be the currency of choice. So far we have not seen much of a setback in gold, even if gold went down to $1,700. But we have to recognize that the selling (of any physical gold) right now are those looking for liquidity, maybe to buy food, who knows?

But the bottom line is we are going to inflate the world out of this debt crisis. All of these central banks stand ready to create more money. So I expect this pull back in gold to be short-lived. Draghi is pushing so hard for money printing because he doesn’t want to see the Europe descend into utter turmoil. That’s why gold will stay strong."

- Stephen Leeb via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/26_Post_Correction,_The_Upside_For_Gold_%26_Silver_Are_Enormous.html

Hoarder Dies - Kids Find $7 Million Worth of Gold

"A recluse died alone in June with only $200 in his bank account, but it turns out he was hoarding lots of gold inside his simple Carson City home – $7 million worth to be exact."

Wow this is a crazy story, all I can say is congrats to this man for keeping such a tight lip for so long. This just proves that the ultimate security for your gold and silver is to keep quiet and tell no one.

- Read the full story here:

http://sacramento.cbslocal.com/2012/09/18/hidden-treasure-found-inside-carson-city-recluses-home-7-million-worth-of-gold/

Bernanke Wants to Create More Inflation

"Bernanke said he was going to print for the foreseeable future with no deadline on it. What was lost in the shuffle was that he said he was going to continue this policy well after the economy recovered. Bernanke was actually saying that wants to create more inflation. That’s his goal because he wants people to spend now. The question becomes once it starts will he be able to stop it? I don’t think so."

- Stephen Leeb, via a recent King World News interview, read the full interview here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/18_Chaos%2C_Inflation%2C_%2410%2C000_Gold_%26_Silver_In_Triple_Digits.html

Bernanke - A Gold Bug's Best Friend

"There was one thing, ONE THING only that Bernanke could do, to become a gold bug's best friend today, than merely announcing QE 3/4. It was to announce open-ended QE. This means this is the Fed's final shot and there is no way to frontrun the Fed any more by definition. It means the terminal start of currency debasement is now here. It also means that the path to all time nominal (and inflation adjusted) highs in gold, which is now just $160 away, silver, platinum, and all other metals, as well as all other hard assets is now clear. It also means that very soon stocks are about to realize what soaring "input costs" mean for the bottom line.

Thank you Chairsatan: you are truly a gold bug's bestest friend!"

- Source ZeroHedge, read the full article here:

http://www.zerohedge.com/news/bernanke-unleashes-path-new-all-time-highs-precious-metals

QE3 To Be Announced Tomorrow?

Stay tuned for a turbulent day tomorrow! All eyes are on the FED, in particular helicopter Ben. Why? Because tomorrow there is extreme pressure for the FED to announce QE3. If this happens gold and silver will likely rocket higher and make their journey to new highs by the beginning of next year.

But not everyone seems to think that the FED will announce a new quantitative easing program tomorrow. The experts are split down the isle. One notable expert that is staking a 99% chance that the FED will announce QE3 tomorrow is Michael Pento. He has even gone as far as to say that he will stake his reputation on it. This was said during a recent King World News interview.

Regardless of the outcome the market is going to get choppy tomorrow. If Bernanke announces QE3 tomorrow expect a huge spike in commodities. If he doesn't expect a sharp pull back.

Either way the long term picture remains gold and silver positive. If not tomorrow than in the near future the FED will be forced to announce additional money printing. The trend is your friend.

Gold and Silver Rally in August

"In what is usually a strong month for these commodities, the price of gold and silver rallied. Speculation about more money printing by central banks helped to spur interest in precious metals, which are regarded by many investors as a buffer against inflation."

- Source: Globe and Mail, read the full article here:

http://www.theglobeandmail.com/globe-investor/investment-ideas/number-cruncher/gold-stocks-regain-glitter-for-fund-investors/article4534495/

Massive Short Squeeze Sends Gold to Seven Month High

"Total meltup panic and confusion in all but the US equity market where the INTC punch has sent stocks reeling, as an epic, Volkswagen-like short covering squeeze has taken the EURUSD up well over 100 pips in the past few hours (with technicals now running rampant as predicted three months ago), and where gold has now soared by nearly $40 on the day, sending it to just shy of $1740 and at the highest level since February. And all of this is happening without the Fed having announced QE, which it very well may not as it would then be seen as a largely political organization, or the ECB having bought a single bond under its restarted conditional monetization program, which paradoxically still needs Spain to crumble and demand a bailout before any of its bonds are eligible for purchases. In short: total centrally planned confusion, whose ultimate achievement will be to scare the last remaining non vacuum-tube based traders out of the market."

- Source: ZeroHedge, read the full article here:

http://www.zerohedge.com/news/central-planning-sends-gold-seven-month-high-eurusd-hits-128-massive-short-squeeze

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The Banker Wins?