Tuesday, January 11, 2011

The Abundance Engineer January 2011 - It's Debt That Moves Gold. Gold Tells The Truth



Gold Tells The Truth 
Dear Investors,  

The markets certainly hit 2011 with a bang. The dollar rallied and Gold & Silver fell. What an opportunity and what a great gift to start off the year. 

Jim Rogers gave his predictions for 2011. Gold, Silver, Sugar, Rice, AUD, CAD, SD, HKD. Short long term U.S. Government bonds & Chinese Real Estate. Hard to argue with that. 

Gold & Silver are still top of my shopping list for January. Every currency in the world has been losing value to Gold & Silver for the last 10 years. The Dollar & The Euro are in a terrible amount of debt. The Asian currencies are not a whole lot better as they have to keep themselves low to compete with US & European manufacturers.

 
As always in the markets prices rarely move in a straight line. The fall in the Gold & Silver price in the last few days would be seen by many as a great entry opportunity into the Gold & Silver market

I am still very fond of Silver as an investment opportunity. As Gold gets higher & higher Silver becomes much more affordable to the common man. According to a trader in India, Silver demand went up 6 fold in the country last year. Asians have a love affair with Gold & Silver they don't put much faith in their Governments, banks and paper money.  


There is widespread agreement that Gold & Silver are the ultimate safe haven investment in times of currency crisis and inflation.

 
You can buy Gold & Silver and store it at Bullion Vault.

NEWS

 
(Bloomberg) -- Silver to Outperform Gold in 2011 on Real Demand, UBS Says
Silver is likely to outperform gold in 2011, supported by industrial demand, according to UBS Securities Co.

As the real economy continues improving, silver has the advantage as 30 percent of consumption is from industrial use, whereas in gold it only accounts for 10 percent to 20 percent of consumption, said Lin Haoxiang, associate director of China equity research.

The average cash copper price on the London Metal Exchange may rise 23 percent to $9,149 a metric ton, Lin said at a media briefing today.

 
(Bloomberg) -- Makishi Rokugawa says he's installing the first gold vending machines in central Tokyo so Japanese consumers can invest in "something real."
 

 
(Bloomberg) -- Record Food Prices Causing Africa Riots Stoke U.S. Farm Economy
The same record food prices causing riots in Algeria and export bans in India are allowing President Barack Obama to combine the biggest-ever U.S. farm exports with the tamest inflation since the 1960s.

 
(PTI) -- Former Tunisian Prez's wife 'flees country with 1.5 ton gold'
Tunisia's ousted President Zine al-Abidine Ben Ali's wife has fled the riot-torn country with 1.5 tons of gold worth more than 45 million Euros, according to a French media report.

Leila Trabelsi, the wife of the 74-year-old former president now in exile in Saudi Arabia, went to the Central Bank of Tunisia to fetch the gold bars, France's 'Le Monde' newspaper quoted the French secret service as saying.

The governor of the bank is reported to have refused to give them to her, so 53-year-old Trabelsi rang her husband who personally intervened, and she flew out with the bullion as she joined him in exile in Saudi Arabia, the daily said.

"It seems that the wife of Ben Ali left with some gold, 1.5 tons or 45 million euros worth," the British media quoted a French politician as telling the French newspaper.

But a central bank official denied receiving verbal or written orders for gold withdrawals, adding that the country's gold reserves "have not moved", 'Le Monde' said.

However, an official from the Elys e Palace told 'Le Monde' that "this information comes directly from Tunisia, in particular the Central Bank. It seems to be pretty much confirmed."

After 23 years of dictatorship, the former President Ben Ali fell to a wave of student protests on Friday, fleeing into exile from the Arab nation that had descended into blood -soaked chaos and riots.

The French government also believes that the Libyan secret service may have helped Ben Ali flee in order to avoid violence, the newspaper said

 


There are many many ways to invest in Gold & Silver. You can buy direct at Bullion Vault
.
 

To Your Success,
 

Robert McManus

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