Steve Jobs and the Beauty of Capitalism

Below is an article from Jeffrey Tucker of the Von Mises Institute paying homage to Steve Jobs and the beauty of capitalism.  Steve Jobs was a true visionary who will be sorely missed. 

 

http://mises.org/daily/5613/Steve-Jobs-and-the-Beautification-of-Capitalism

Another Currency Disapointment

Several weeks ago, during a seminar, I mentioned that the Swiss Franc was probably in the best shape of all the currencies in circulation because of its particulary vigilant Central Bank.  However, the Swiss National Bank has recently decided to peg the Swiss Franc to the Euro, thus leading to a devaluation.  The world's last safe haven currency is no more. 

 

Please read below.

 

http://www.fgmr.com/swiss-national-bank-gives-up.html

 

Respectfully,

Jena

Gold Falls After Central Bank Intervention

The latest news of the central banks intervention by way of injecting dollars into the banking system has caused gold to fall to $1775.  This has given equities a boost, and as a result investors are steering away from traditional safe-havens like gold. 

 

However, I believe this drop in gold is merely a hasty reaction to the news.  In the longterm, this could have an inflationary outcome, which of course, would be bullish for gold.   

 

 

 

http://www.marketwatch.com/story/gold-drops-below-1800-after-central-bank-move-2011-09-15

Headlines from the United Kingdom

Here in the United Kingdom, my hotel provides a complimentary edition of the morning paper, The Independent.  As I was perusing it this morning over breakfast, several headlines caught my eye, mainly those concerning the debt ceiling crisis in the United States, and the ever oppressing austerity measures imposed by the reigning party in the United Kingdom.  Here is a sampling of some of the headlines from today's The Independent newspaper.

 

Any Reduction in America's Credit Rating Will Affect Every Person In The Planet

 

Unions Threaten An Autumn of Discontent

 

Prepare For University Places Chaos, Admission Chief Warns

 

UK Set for Low Growth as the Mood Darkens

 

However, one writer looks past the doom and gloom of the economic downturn by looking at today's challenges with an alternative point of view.  Mary Ann Seighart, in her article entitled Ideas for the Age of Austerity, writes of the certain satisfaction one can achieve by making money go further.  Gone are the days of excesses, overspending, and chasing after the latest fashion.  It can feel liberating to let go of such things.  Although this is somewhat of a 'forced austerity', perhaps this is a way of teaching responsibility to our collective global society.  Yes, the economic forecast is indeed dire, but we must adjust our expectations accordingly and accept the fact that our days of prosperity are over.  Ms. Sieghart's article is linked below.

 

http://www.independent.co.uk/opinion/commentators/mary-ann-sieghart/mary-ann-sieghart-how-austerity-is-changing-us-2329615.html

Bankruptcy Threatens Our Municipalities

Central Falls, Rhode Island may face bankruptcy if police and firefighter retirees won't agree to give up 50% of their pension.  Unfortunately, this seems like a harbinger of things to come. 

Below are two articles about the sad state of Central Falls. 

 

 

http://dailyreckoning.com/bankruptcy-from-greece-to-rhode-island/

 

http://articles.cnn.com/2011-07-21/us/rhode.island.pensioners_1_retirees-pensions-social-security-benefits?_s=PM:US

 

 

Gold Is Still Moving Right Along

Despite the fact that summertime is usually a weak time for gold, it shows no evidence of slowing down. 

 

http://www.guildinvestment.com/2011/07/21/more-fuel-for-the-gold-rush-of-2011/

Deflation and the Gold Price Trajectory

Bill Bonner, frequent contributor to the Daily Reckoning website, predicts gold is going to go much, much higher, but not before a brief deflationary period. Also, Mr. Bonner cites an article from the NYT which concerns another crisis we'll confront when funding runs out for jobless benefits, etc.     

 

http://dailyreckoning.com/deflation-and-the-gold-price-trajectory/

Ron Paul to Ben Bernanke: Is Gold Money?

Yesterday, an awkward moment between Ron Paul and Ben Bernanke occurred as Paul asked Bernanke a blunt and direct question:  Is gold money?  Below is an article from the New York Sun recapping this exchange. Also included is a video clip.

 

http://www.nysun.com/editorials/when-gold-isnt-money/87421/ 

Gold Rises to a New Lifetime High

Amid concerns of the threat of additional quantitative easing, the downgrade of Irish debt, and the continual loose monetary policy, gold has reached an all time high.  At this moment, on July 13th, gold has climbed to a new record of $1586.00 per ounce.

 

Yesterday, Trader Dan Norcini wrote that gold had indeed broken out and was poised to take on its all time high. 

 

http://traderdannorcini.blogspot.com/2011/07/gold-breaks-out-ready-to-take-on-its.html   

How To Deal With a Flash Mob

As I'm about to embark on another trip to the United Kingdom soon, I've been warned to look out for rioting and mobs in London.  Although there have already been many protests there that have turned violent, they've seemed to happen between my trips over there. Yes, so far I've been fortunate.  However, I'm always vigilant, but as the economic climate continues to become more grim, it's best to be prepared for any eventuality.  Austerity measures and budget cuts continue to remain unpopular within many European countries, and these general feelings of discontent and unrest can quickly escalate into violence and mobs running out of control.  Furthermore, social networks make it easier for people to organize themselves quickly into a rabble intent on destruction and hostility.  

 

Not only have there been riots in Greece, England, and Egypt, but there is more and more evidence of this happening here in the United States.  Recently, alarming mob activity has happened in Peoria, Illinois, and Philadelphia.  Fernando Ferfal Aguirre, who authored a book called Surviving the Economic Collapse, addresses these events on his blog in the link provided below.  Mr. Aguirre, who lived through the economic collapse in Argentina, provides some very helpful tips on how to protect yourself against a flash mob.  This is well-worth reading, especially for those who live in or travel to major metropolis areas.

 

Jena Eison 

 

http://www.themodernsurvivalist.com/?p=1439

Global Train Wreck Coming

At a recent conference in Melbourne, Australia,the Reserve Bank Director warns of a "slow motion train wreck" in the global economy.  http://www.smh.com.au/business/global-train-wreck-coming-20110630-1gszi.html

Parallels between Greece and the United States

Ron Paul draws some interesting parallels between Greece and our situation here in the United States.  He also suggests the United States should declare bankruptcy.  Basically, we're broke.  What else can we do? 

 

http://money.cnn.com/2011/06/28/news/economy/ron_paul_bankruptcy/index.htm

Trader Dan's Random Thoughts on the Passing Scene

The following link contains a very informative article from Dan Norcini’s Blog on the recent turn of events involving the commodity market.  ‘Trader Dan’ is a frequent contributor to our newsletter whose insights and and opinions are always right on target.  Please check out the rest of his blog as well. 

http://traderdannorcini.blogspot.com/2011/06/random-thoughts-on-passing-scene.html

 

Precious Metals Seminar with David Morgan and Courtney Smith

This past weekend (June 5th) I attended a Precious Metals Seminar in Los Angeles hosted by David Morgan and Courtney Smith. 

 

David Morgan is considered one of the world's most well-respected silver aficionados in the precious metals industry.  He is the author of the acclaimed Morgan Report, a montly publication which covers economic news, overall financial health of the global economy, currency problems ahead and reasons for investing in precious metals.

Courtney Smith, who hosts the website, wallstreetwealthbuilder.com, is the only man in history to have a top ranked mutual fund, hedge fund, and stock newsletter.

Between the two of these distinguished gentleman, who are consummate gurus in their respective fields, I was able to come away with many useful tools and vast resources crucial to keeping up with the pace of the Precious Metals market.

 

I will be giving an update from this meeting at our seminars next week.  Details are below: 

 

When: Monday, June 13th

Tuesday, June 14th

Time: Monday 6:00 to 8:00

Tuesday 6:00 to 8:00

Location: 205 Siloam Road Easley, SC 29642

Subject: The Real Economy : Recovery or Depression?

• Is there another downturn in our economy?
• Have you ‘storm-proofed’ your assets?
• What to do with your Real Estate?
• Will the US Dollar lose its reserve currency status?
• Is there a way back to where we were?
• What will happen to the US?
• The Prime Mortgage Crisis and Banking—is the worst over?
• How to deal with the planned confiscation of IRA’s, 401(k)s, and Private Pension Plans?

Jena Eison

Jena Eison is the Vice President of Atlantic Bullion and Coin, and editor of the Market Update Newsletter. She is a graduate of Columbia College and the University of South Carolina.

After attending numerous conferences in Europe on the global economy, she brings a unique perspective to her presentations. Her vast knowledge of precious metals from an international point of view is a compelling reason to attend this seminar.

Ron Wilson

Ron Wilson is President of Atlantic Bullion and Coin, Inc. For 35 years, he has given speeches on following:

• The economy
• The government’s intrusion into our everyday lives
• Who’s really setting up policy in Washington, and many other topics

He has served on the South Carolina State Board of Education, and recently served two terms on the Anderson County Council. He and his wife, Cassie are owners of Live Oak Farms in Woodruff, South Carolina.

Ron brings a fresh and unique view of the economy and will be brutally blunt about our situation. You will not want to miss this very important talk.

Call or email today to reserve your spot for one of these seminars!!!

***Reservations Required!!!***

Call (864) 605-1000 to reserve your spot!

Contact Stephanie Robins

Atlantic Bullion and Coin, Inc.

srobins@atlanticbullionandcoin.com

Gold. Has it ended its correction?

At this moment (Tuesday, May 24th) gold has reached $1525.35 an ounce. After its slump down to $1486.50 on May 6, it is starting again on an upward trek.  It does appear that the correction period for gold is over for the time being. 

 

Below is an article from The Daily Reckoning concering China as the No. 1 investment demand for gold.

 

http://dailyreckoning.com/keeping-up-with-chinese-gold-demand/

Recent downturn in the silver market

As I'm writing this post, the spot price for silver is $37.54.  A manipulation of the silver market by Comex caused this sudden drop in the silver prices. 

The Chicago Mercantile Exchange on Friday (April 29th) raised its margins on one contract of silver from $14, 513 to $25,397, an increase of 75%.

This type of increase procuded  a significant movement in the price of silver.

 

This something beyond the scope of natural market forces, and nothing we could forsee or predict.  However, we are still bullish on silver long-term, although silver could possibly hover around the $37 to $41 range for possibly a month or two.   

 

 

Precious Metals Conference In London

Attention all you precious metal investors, I will be heading to a precious metals conference in London on April 6 where Ned Naylor-Leyland will be speaking. Stay tuned for my updates.

Dan Norici discusses China's stunning demand for gold.

Dan Norcini is a professional off-the-floor commodities trader bringing more than 20 years experience in the markets. He is a frequent contributor to both Reuters and Dow Jones as a market analyst  for the livestock sector and can be on occasion be found as a source in the Wall Street Journal’s commodities section. He is also a regular guest on the growing King World News network. 

 

Below is a link to his interview with Eric King of King World News regarding China's unquenchable apetite for gold.

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/2_Chinese_Gold_Demand_Stuns_London_%26_Hong_Kong_Traders.html

Here is an interesting viewpoint on the situation in Egypt

Keep Your Eye on Middle East Wild Card

31 January 2011 40 Comments

By Greg Hunter’s USAWatchdog.com

Just a few weeks ago, an uprising toppled a little known Tunisian leader (President Zine al-Abidine Ben Ali.)  Tunisia is due west of Egypt, separated only by Libya.  About the only thing that seemed newsworthy was the family reportedly took flight with a ton and a half of gold.  Then, Egypt exploded and the specter of revolution across the entire region came into focus.  There have been non-stop rioting, protests and some people are even setting themselves on fire in a wave of anti-government rage. 

Thousands of prisoners have been sprung from jail as the situation spirals into possible lawlessness.  The Telegraph reports, “Inmates escaped from at least four jails across Egypt, including suspected Muslim extremists and members of the Muslim Brotherhood, an Islamist.  In one jailbreak at the Abu Zaabal prison on the outskirts of Cairo locals told The Daily Telegraph that 18 people had been killed after gangs of gunmen fought a six-hour battle with guards to free jailed associates.”  (Click here to read the complete Telegraph story.)

There will be more killing and bloodshed before this is over.  There is no guarantee the Egyptian government will fall; but if it does, there could be consequences that will be felt in the U.S.  For one thing, the Suez Canal goes through Egypt.  This important channel is big enough for aircraft carries and oil tankers.  Oil shipments could be stopped or slowed through this vital shipping route.  Oil prices would go higher, and people driving in Kansas could see price increases in a matter of days. 

On a wider and more ominous note, this revolution could spread to other oil producers in the region.  The biggest and most important to the world is Saudi Arabia.  It is the largest petroleum exporter on the planet.  If Saudi Arabia falls, oil prices would spike, and I am not going to even guess how high.  Undoubtedly, the world financial system would crash and the world could twist into complete disorder.  Here’s how Zerohedge.com is reporting the situation, “While the biggest threat to the Middle East region is the possibility that the population of Saudi Arabia may try to imitate what has been happening in the area, thereby bringing total chaos to the established regional geopolitical and more importantly, energy, structure, the first protests in the Saudi Arabia city of Jeddah are already in the books. . . . That this is even occurring in a state where the average wealth is orders of magnitude greater than in Egypt is remarkable.”  (Click here to read the complete Zerohedge.com story with protest video.)  If Saudi Arabia collapses, it would not be long before the entire Arabian Peninsula would be destabilized. 

The Arabian Peninsula is in the heart of not only the richest oil region in the world, but flanked by two of the narrowest shipping choke points on the planet.  On the east of the Peninsula is the famous Straits of Hormuz.  It is a little less than 30 miles wide at the narrowest point.  On the west side of the Peninsula is a lesser known strait called Bab el-Mandeb, or the “Gate of Tears.”  That is about 20 miles wide at the narrowest passage.   Please study the map below:

There is no telling how far this could spin out of control, but it looks like we are a lot closer to the beginning than we are to the end of this crisis.  Please keep a close eye on this story because it could affect your family and finances.

Provided by Atlantic Bullion and Coin, Inc.

Silver Investing Is On The Rise

Hello Bloggers,

Right now because if the all American dollar, people have decided to invest in precious metals. Why? Well soon the dollar is not going to be worth the paper it's printed on, which will cause a many of folks to lose more than they are losing now. Whoever takes heed to these words and begins investing in silver and gold will be in a much better position in the near future. It doesn't matter if your looking for precious metals Houston or looking to buy silver in Greenville SC, there is someone that can help.

Its Time To Buy SILVER

Hello everyone. This blog was made with you in mind. We will continue to post periodically about silver and different types of precious metals. Make sure to stop by periodically.