View Full Version : 7 Fundamental Reasons why Gold will Double

12th December 2009, 22:53
This is courtesy of Jim Puplava, Financial Sense Radio


This is simple and clear. I would print this up and give it to anyone who has FRN's!!

7 Fundamental Reasons Why Gold will Double

1. More printing of money as federal deficits increase
2. The credit crisis is not over as default risk continues to threaten financial systems globally
3. The first stimulus plan has failed, and more stimulus is now being created and extended.
4. Institutions and the public are under invested in gold
5. A growing loss of confidence in paper assets
6. Central Banks are becoming buyers rather than sellers
7. Rising global demand and falling production

13th December 2009, 07:48
For all these reasons silver will likely triple or quadruple over the next 5 years:)

13th December 2009, 09:48
6. Central Banks are becoming buyers rather than sellers

You can see this action more and more either talked about or actually done.

No consipiracy here, just keep your eye on bloomberg if your a doubter.


13th December 2009, 17:20
The fundamental reason why gold will double is because governmental insanity and fiscal reckelesness continues to double every year (if not every month).

13th December 2009, 17:39
But according to these brilliant Washington economists (who failed to the recession coming) the economy will be adding new jobs next year......of course they know this is true because they will be the ones creating them a cost of about $500,000 per job. Of course most of these jobs will technically not add to the GDP since they will be government jobs building bridges and roads. But since the people that get them will be paid 10 times what they are worth they will soon be spending like drunken sailors and that will cause other businesses to prosper like never before in history thereby driving the GDP up to $70 trillion practically overnight. Obama and the rest of the DemoRats will claim the stimulus worked and the sheople will reelect them.

of one mine
13th December 2009, 18:20
Agreed I posted this time span before for silver 5 years time recently. Gold goes without saying as well. I believe that time clock is already running. Next year will look a lot like this one except you may see some possible unexpected changes in PM values. I believe some possible downward movement that has already started. THen sometime next year wild movements on the upside. Most stock investors are already shakey at best. One bad thing in the market will send them flying into cash to recover before a dip in the markets. I have already heared what they plan and its affects of course will be the same direction but maybe worse.

of one mine

P.S. Kat my daughter liked the machine gun KAT :D

13th December 2009, 21:35
In 1973, I got a job at the DEFENSE ELECTRONIC SUPPLY CENTER. NOW GET THIS " writing military Specifications for radio frequency coils and transformers" eeeeee---gaaaadsss

it started out as a GS 5, but it went to a GS 12...there was a whole bunch of guys from wwII there.

for almost 2 years, I would go in the office spread a bunch of papers all over my desk, & then do f-----k all the rest of the day.

One day I just walked out-- went to college on the GI Bill and made about the same eaCH MONTH. WHICH WAS NOT MUCH THEN.

So I had my taste of Gov Work, I'm sure somewhere some gov worker is actually doing some work--- But the 5,000 folks that worked, or showed up there, did not do much.

pssss, that was my machine gun cat, but who really care, not i-- will bring it back soon

14th December 2009, 00:13
I'd like to rename this as the 7-rules of Obamanopoly....

Community Organizer
Government error in their favor
Pay $42 Billion

14th December 2009, 00:38
at this moment, silver is going straight up, we'll see in the morning

14th December 2009, 01:03
Glad i bought my Christmas stash on Saturday... :)

14th December 2009, 22:21
at this moment, silver is going straight up, we'll see in the morning


14th December 2009, 23:05
Monday, December 14, 2009
The Return of Gold and Silver Eagle Rationing
Posted by: Michael | Posted in: US Mint

In a return to the situation experienced during most of 2008 and the first half of 2009, the limited number of gold and silver bullion coins available from the US Mint are subject to rationing.

US Mint bullion coins are not sold directly to the public. These coins are distributed through a network of authorized purchasers, who resell the coins to other bullion dealers and the public. During times when demand for the bullion coins has exceeded the amount the US Mint was able to supply, the Mint has rationed coins at the authorized purchaser level through an "allocation program."

On November 25, 2009, the US Mint had announced the suspension of sales for one ounce American Gold Eagle and American Silver Eagle bullion coins. Sales of the Silver Eagles resumed on December 7, 2009, but sales were subject to rationing. Sales of the one ounce Gold Eagles will resume tomorrow December 15, also subject to allocation.

Separately, the US Mint offered fractional weight 2009 Gold Eagle bullion coins on December 3, 2009. On the first day of sales, the entire inventory of one-tenth ounce coins was depleted and the inventory of one-quarter and one-half ounce coins was reduced limited status. The remaining inventory of one-quarter and one-half ounce coins was rationed. Today, the US Mint will sell another batch of fractional Gold Eagles to its authorized purchasers. All available coins will be subject to the rationing process.

The US Mint used the allocation program for the first time during 2008. The one ounce Silver Eagle bullion coins had been subject to rationing from April 21, 2008 to June 15, 2009. The one ounce Gold Eagle bullion coins had been rationed from August 15, 2008 to June 15, 2009. Fractional weight gold bullion coins completely unavailable for most of this time. The long standing allocation programs had negative impacts for both precious metals investors and coin collectors.

On the precious metals side, higher premiums above the spot price of the metals developed due to the limited availability of coins. During the height of the 2008 Silver Eagle shortage, premiums for one ounce Silver Eagle bullion coins had risen as high as $4.50 above the spot price of silver. Before the era of shortages, normal premiums were around $1.75. Gold Eagle bullion coin premiums were similarly elevated. Higher premiums erode the gains experienced when the price of precious metals rises, since investors need to recoup the extra costs.

For coin collectors, the allocation programs resulted in the lengthy delay and eventual cancellation of many collectible gold and silver coins. For 2008, the US Mint was forced to cancel all collectible 2009 Silver Eagle and Gold Eagle offerings and delay the launch of the collectible Proof Gold Buffalo coin until October 29.

In the press release announcing the canceled coins, the US Mint stated:

All available 22-karat gold and silver bullion blanks are being allocated to the American Eagle Gold and American Eagle Silver Bullion Coin Programs, as mandated by Public Law 99-185 and Public Law 99-61, respectively. Both laws direct the agency to produce these coins in quantities sufficient to meet public demand. The proof and uncirculated versions of the American Eagle Gold and Silver Proof Coins are not mandated by law.

These statements were provided before the US Mint was forced to revive their allocation programs. With the programs now in place, the US Mint is now apparently even further away from meeting public demand, calling into question the status of collectible gold and silver coins for 2010 and beyond.