February Podcast Archive

2.28.11 -- Metals expose rising U.S. inflation -- Listen
Geopolitical concerns helped precious metals to end up for the day, moderated by positive economic data. Gold closed at $1,411 per ounce up 5% for the month, while silver finished at $33.95, up a whooping 17% in February. According to the Consumer Price Index, inflation rose just 1.6% this past year. Yet many U.S. companies, including Kellogs and Hanes, are saying they expect to raise prices soon, in response to higher commodity costs, which are up 85% since 2009. A new Swiss America White Paper exposes that rather than "fighting" inflation, both the Federal Reserve and Federal government are purposely creating higher inflation as their defacto monetary policy. This investigation will show you how and why. Call 800-289-2646 or visit online to request a free copy of "The Uses of Inflation: Monetary Policy and Governance in the 21st Century". After reading this report, you may never again see inflation or money the way you do now.

2.25.11 -- Commodities reflect rising cost of living -- Listen
Financial markets and commodities rebounded on Friday after Mid-East turmoil incited price volatility and profit taking this week. Gold closed the week at $1410/oz. while silver jumped 4% to $33.38/oz.

"US warns extreme food prices will stay" reports London Financial Times ...

"The world faces a protracted bout of extremely high food prices, the US government warned, overwhelming farmers’ ability to cool commodity markets by planting additional crops...food inflation will surge in the second half of this year as wholesale prices filtered through the supply chain, affecting consumers."

2.23.11 -- Metals jump on safe-haven demand -- Listen
Precious metals ended up on Wednesday, on more safe-haven investment demand amid Mid-East instability and a weaker U.S. dollar index. Closing gold price at $1,412/oz; silver at $33.54. TimesGazette.com reports Ron Paul sees "Deception at the Federal Reserve": "Rather than understanding inflation in the classical sense as a monetary phenomenon -an increase in the money supply - it has been redefined as an increase in the Consumer Price Index (CPI). The CPI is calculated based on a weighted basket of goods which is constantly fluctuating, allowing for manipulation of the index to keep inflation expectations low."

2.22.11 -- Silver Breakout, Paper Flameout - Listen
Gold and silver are seeing safe-haven buying interest amid political instability, sharply higher oil and falling stocks. Gold closed at $1399 per ounce; silver at $33.06. "Silver has broken out to the upside and because of that you have technical buying and short covering. This could in fact be a short squeeze," said John Hathaway, Senior Managing Director of the Tocqueville Gold Fund. "The amount of paper we are seeing traded in both gold and silver on the Comex and in the derivatives market is nonsense." ... more at Real Money Blog ...

2.18.11 -- A tribute to dead Presidents -- Listen
Precious metal prices gained on Friday amid rising inflation, geopolitical worry and a G-20 weekend summit. Gold last traded above $1390/oz. and silver near $32.65/oz. As we look ahead to President's Day holiday, here is a quote by GEORGE WASHINGTON: "Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice." After almost a century of inflation, today's dollar has less than 2 cents of the purchasing power that it had in 1913 when the Federal Reserve Board was founded. The dollar in 1913 was backed by gold, as the Founders including Washington specified, in keeping with the Good Book's standard for money...

2.17.11 -- Inflation sparks silver rush -- Listen
Precious metal prices rose on Thursday amid rising inflation, geopolitical worry and a weaker dollar. Gold last traded near $1385/oz. and silver shot up over $1.00 to $31.76 per ounce. "U.S. consumer price data stoked growing worries over inflation, adding fuel to safe-haven buying due to flaring Middle East tensions. Silver rallied to a 31-year high, sending the gold-silver ratio to a near five-year low," reports Reuters ...

2.16.11 -- The New Swissamerica.com -- Listen
Precious metals jumped initially on new Mid-East tensions, then backed down to finish flat, with gold at $1375 and silver at $30.71 per ounce. "With gold skyrocketing relative to the dollar, we want people to understand why precious metals and numismatic coins have become the best-performing assets of the last decade," says Swiss America Chairman Craig R. Smith. "To help people get up to speed fast, at swissamerica.com we now offer this golden portal, a doorway to information, including our extensive research libraries."

2.14.11 -- IMF killing U.S. dollar by a thousand cuts -- Listen
Monday precious metal prices rose on Middle East unrest, as stocks ended flat the dollar firmed. Silver shot up over 2% to $30.62/oz., gold near $1,361/oz. Last week the International Monetary Fund (IMF) called for replacing the U.S. Dollar as the world's Reserve Currency with its own exchange "money" called SDRs, "These changes could end the dollar's supremacy as the world's Reserve Currency and force us to purchase SDRs before we could buy oil," says Craig R. Smith ...

2.11.11 -- Something new from Swiss America -- Listen
Friday precious metal prices dipped as a rebounding U.S. dollar index has put selling pressure into the market. Silver near $29.91 per ounce; gold near $1356 per ounce. What's New? check out swissamerica.com next week as we launch the new web site with many new features, videos and a new "Real Money Blog" to better inform and serve clients and growing public interest ...

2.10.11 -- Dollar approaches day of reckoning -- Listen
Precious metals ended almost unchanged on Thursday, as safe-haven buying due to Egyptian uncertainty was offset by a stronger U.S. dollar. Silver closed at $30.22 per ounce; gold ended at $1364 per ounce. "The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency call Special Drawing Rights, or SDRs, as a less volatile alternative to the U.S. dollar," reports CNN/Money...

2.9.11 -- Fedspeak faces hostile questions -- Listen
Gold and silver prices ended slightly lower Wednesday , as the market paused following Tuesday's solid gains. Gold ended the day at $1,364 and silver at $30.20. Fed Chairman Ben Bernanke met with the U.S. House of Representatives today, and was sharply questioned. If the Fed didn't see this mess coming, will they see the recovery starting in time to turn off the printing presses to stop inflation," asked Rep. Frank Lucas, R-Okla...

2.8.11 -- Real Inflation: Now and Later -- Listen
Bargain hunting buying interest helped gold rally to a three-week high on Tuesday to $1367 per ounce. Silver up near $30.25 per ounce. "The CRB Index has nearly doubled just since 2009! The index tracks energy, grains, industrials, livestock, precious metals, and agriculturals. We haven't even begun to see the effects of these price increases yet because there is a time lag between cause and effect. Buy gold today and get out of mass-created depreciating paper dollars," reports GoldIRAs...

2.7.11 -- "Education inflation" bubble to burst -- Listen
Monday gold prices inched up and silver took larger steps, underpinned by inflation concerns. Gold closed at $1352 per ounce, with silver at $29.44 per ounce. "The United States has a college education bubble that is set to burst in mid-2011. This bubble was made possible by the U.S. government's willingness to give out cheap and easy student loans. Private four-year colleges averaged 5.6% tuition inflation since 2004," reports The National Inflation Association...

2.4.11 -- Buying gold "prudent and lucky" -- Listen
An unexpected drop in the U.S. unemployment rate was offset by much lower than expected job growth (payroll) figures Friday. Gold down slightly to $1,348 per ounce; silver up to $29.07/oz. "During [2011] the Year of the Golden Rabbit more than a billion Chinese around the world will think it both prudent and lucky to buy gold. This added demand is likely to push gold prices up dramatically worldwide for the next 12 months, a wave that wise investors can ride by buying gold now," writes Swiss America Chairman Craig R. Smith...

2.3.11 -- Goodbye Obamacare, Hello Privacy -- Listen
Precious metals rallied Thursday on fresh safe-haven buying interest from escalating Egyptian violence. Gold ended up to $1,355 per ounce, with silver's close at $28.95 per ounce. As the Chinese Year of the Golden Rabbit begins, The Senate voted to repeal a at least part of Obamacare by rolling back the proposed new 1099 tax reporting requirement. This offers some good news for U.S. investors of numismatic coins regarding privacy ...

2.2.11 -- Plan B in case of dollar demise -- Listen
Precious metals prices steadied on Wednesday as markets digested the latest upbeat jobs data. Gold last traded at $1,335/oz., silver near $28.35/oz. "Virginia state Delegate Robert G. Marshall has introduced legislation to study whether the Commonwealth should make the preparations now to switch suddenly to an alternative currency like gold or silver in the event of an implosion of the Federal Reserve System and the destruction of the dollar," reports WND ...

2.1.11 -- China buying metals on dips -- Listen
Precious metals prices zig-zagged higher on Tuesday as stock rose and the dollar sunk. Gold last traded at $1,342/oz., silver near $28.60/oz. Commodity Online reports: "China is taking several initiatives to raise the country’s reserves in gold and silver in 2011 in an attempt to globalize the Yuan. The main strategy is to buy gold and silver reserves when prices of these precious metals fall." ...

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