Posted by Randall A Reinwasser on Saturday, April 27, 2013,
In :
Gold and Silver
Silver Bullion of Singapore is a unique and excellent option to securely and safely store precious metals overseas. The founder of Silver Bullion, Gregor Gregersen, was kind enough to answer a few questions so we could learn more about his company. If you're serious about protecting your families wealth from inflation, currency debasement and confiscation, I strongly encourage you to visit their website at https://www.silverbullion.com.sg Full disclosure: I received absolutely no compensat... Continue reading ...
Posted by Randall A Reinwasser on Tuesday, July 10, 2012,
In :
Gold and Silver
If you've browsed my blog, read my book or heard me speak, the topic of gold/silver manipulation has probably been discussed. At that point your eyes probably rolled and your mind focused on something more interesting, like what your favorite flavor of oatmeal is. Nonetheless, the importance of this topic isn't going away and my steadfast belief in the manipulation gets stronger by the day.
As you're certainly aware, Barclay's has been indicted in the LIBOR scandal. Matt Taibbi believes m... Continue reading ...
Posted by Randall A Reinwasser on Sunday, June 24, 2012,
In :
Gold and Silver
Everyone knows you should have insurance on your home and car, but how about your investment portfolio? While there's not an investment product that pays you back if your Rollover IRA takes a nasty dive, there is one asset that can protect you from financial catastrophe: Gold.
As you're surely aware, the currencies of the world are backed by nothing and derive their value from faith in the institutions that control them. In the U.S. that would include the Federal Reserve, Congress and the... Continue reading ...
Posted by Randall A Reinwasser on Monday, June 4, 2012,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the COMEX silver inventory dropped sharply for nearly
three straight years and bottomed in June 2011 at 98 million ounces.
This rapid drop led many silver observers to believe we were on the
precipice of a severe supply crunch in silver that would lead to a
skyrocketing silver price
Posted by Randall A Reinwasser on Tuesday, April 24, 2012,
In :
Gold and Silver
In Chapter 3 of The Ultimate Guide to Storing Gold and Silver Overseas, I wrote: "In the next few years, investors around the world are going to look at the gigantic U.S. government debt and simultaneously decide that there is zero chance it will ever be paid back. Thereafter, interest rates will begin a steady climb higher (see Greece, 2011) to reflect the risk, making it harder and harder for the government to fund itself."
I then wrote Washington might respond by taking the following action... Continue reading ...
Posted by Randall A Reinwasser on Sunday, April 8, 2012,
In :
Gold and Silver
Thanks to everyone who purchased my book this weekend! The Ultimate Guide to Storing Gold and Silver Overseas is now a best-seller, it currently ranks as the #10 best selling investment book on Amazon (it was up to #8 but who's counting). A big thanks to Ed Steer for mentioning the book in his newsletter (Ed's daily column is a must-read, check it out).
Posted by Randall A Reinwasser on Tuesday, April 3, 2012,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the COMEX silver inventory dropped sharply for nearly
three straight years and bottomed this past June at 98 million ounces.
This rapid drop led many silver observers to believe we were on the
precipice of a severe supply crunch in silver that would lead to a
skyrocketing silver price
Posted by Randall A Reinwasser on Saturday, March 31, 2012,
In :
Gold and Silver
As you may remember, President Obama ran on a pledge of restoring civil rights and upholding the rule of law. This speech excerpt does a good job of capturing his campaign promises:
To this dismay of anyone who believes in freedom, the rights embedded in the constitution and small government, President Obama has turned those campaign promises on its head. On March 16, President Obama signed an executive order called the National Defense Resources Preparedness Order. Jim Garrison of the Hu... Continue reading ...
Posted by Randall A Reinwasser on Wednesday, March 21, 2012,
In :
Gold and Silver
Today, Fed Chairman Ben Bernanke came out swinging at the Gold Standard during a lecture to students at George Washington University. Bernanke presented a variety of slides attempting to show the Gold Standard is incapable of working in modern society. His main points were:
It's nonsensical to dig up gold in South Africa and store it in a vault in New York.
If everyone's currencies are linked through a Gold Standard, a policy mistake in one country affects the other countries.
Posted by Randall A Reinwasser on Saturday, March 3, 2012,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the COMEX silver inventory dropped sharply for nearly
three straight years and bottomed this past June at 98 million ounces.
This rapid drop led many silver observers to believe we were on the
precipice of a severe supply crunch in silver that would lead to a
skyrocketing silver price.
Posted by Randall A Reinwasser on Wednesday, February 29, 2012,
In :
Gold and Silver
Besides silver, you do not see charts like this. Yet, in silver, we see this crap on regular basis. Admittedly, Silver was overbought this morning and due for a drop in price, but swan dives like this do not happen unless there is coordinated action by a handful of market participants. As another example, when silver got up near $50 last year, it dropped $6 in 15 minutes. Of course the regulator, the CFTC, is completely out to lunch. They've had an ongoing silver manipulation investigati... Continue reading ...
Posted by Randall A Reinwasser on Monday, February 6, 2012,
In :
Gold and Silver
An American court has ruled that the treasure hunting company the Odyssey must return 594,000 gold and silver coins found at a ship wreck site in the Atlantic. I agree, the coins do not belong to the owners of the Odyssey but they sure as hell don't belong to Spain either. To set the record straight, the Spaniards went to Peru in 1532 and began looting all the gold and silver from Incan temples. Then, once all that gold/silver was stolen they literally enslaved the Peruvians and forced them... Continue reading ...
Posted by Randall A Reinwasser on Sunday, February 5, 2012,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the silver inventory dropped sharply for nearly
three straight years and bottomed this past June at 98 million ounces.
This rapid drop led many silver observers to believe we were on the
precipice of a severe supply crunch in silver that would lead to a
skyrocketing silver price.
Posted by Randall A Reinwasser on Friday, January 6, 2012,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the silver inventory dropped sharply for nearly
three straight years and bottomed this past June at 98 million ounces.
This rapid drop led many silver observers to believe we were on the
precipice of a severe supply crunch in silver that would lead to a
skyrocketing silver price.
Posted by Randall A Reinwasser on Monday, December 5, 2011,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the silver inventory dropped sharply for nearly
three straight years and bottomed this past June at 98 million ounces.
This rapid drop led many silver observers to believe we were on the
precipice of a severe supply crunch in silver that would lead to a
skyrocketing silver price.
Posted by Randall A Reinwasser on Thursday, November 3, 2011,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many commodities is set, including silver. Since peaking at 138.5 million ounces in August 2008, the silver inventory dropped sharply for nearly three straight years and bottomed this past June at 98 million ounces. This rapid drop led many silver observers to believe we were on the precipice of a severe supply crunch in silver that would lead to a skyrocketing silver price.
Posted by Randall A Reinwasser on Tuesday, October 4, 2011,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. Since peaking at 138.5 million
ounces in August 2008, the silver inventory had dropped sharply for
nearly three straight years and bottomed this past June at 98 million
ounces.
The potential for a supply disruption on the COMEX was one of my major
reasons for investing in the silver market. Unfortunately, for the
silver bulls, it appears this isn't going to happen. Silver invent... Continue reading ...
Posted by Randall A Reinwasser on Thursday, September 29, 2011,
In :
Gold and Silver
With gold and silver getting hammered over the past week, it's worthwhile to step-back and take a look at the last 10 years. As you can see this recent drop is barely a blip on the chart. Don't expect gold and silver to immediately zip back to their old highs. This recent sell-off has caused a lot of technicial damage and it may take a few months of building a base before we really start grinding higher again. However, the important thing to remember is that nothing has changed. The Euro... Continue reading ...
Posted by Randall A Reinwasser on Thursday, September 22, 2011,
In :
Gold and Silver
India loves gold. According to the World Gold Council, India, the world's largest gold consumer, used 1,034 tons of gold in 2010 to make jewelry or satisfy investment demand. To put that number in perspective, approximately 2,500 tons of gold is mined every year and that number is gradually falling as the easy to mine gold is long gone. What's really alarming is the rapid increase in Indian gold consumption. In 2010, Indian gold demand for coins, bars and other investments rose 83%, while... Continue reading ...
Posted by Randall A Reinwasser on Tuesday, September 6, 2011,
In :
Gold and Silver
Mining Stocks - On the runway, ready for takeoff by James Turk
Gold has been rising faster than the price of mining stocks. Here are some statistics to prove this point.
In the twelve months ending August 31st, gold has risen 46.5%, but
the XAU Index of precious metal mining stocks climbed only 17.7%. By
itself, that is a good rate of return for mining stocks, but not what
one would expect given gold’s appreciation over this period.
The current year-to-date results are even more telling....
Posted by Randall A Reinwasser on Friday, September 2, 2011,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. As you can see in this chart, the
level of COMEX silver inventories has been falling sharply for three
straight years. Currently, there's about 104 million ounce of silver
inventory. However, a good chunk of this inventory is not for sale. If
this rapid fall in inventory continues, at some point there is going to be a
flat-out shortage of silver on the COMEX. When/if that
happen... Continue reading ...
Posted by Randall A Reinwasser on Wednesday, August 31, 2011,
In :
Gold and Silver
The financial blog, RandomRoger, had a post today advising no more than a small allocation to gold because of its significant volatility:
Both the franc and gold each had big drops (at different times) in
August. Not putting too much in these things has been a major point here
over the years and these week-long dips serve as microcosms for what
can happen. Gold might be working its way back up to $1900, it certainly
has bounced and for now the franc is still headed lower but at a
flatter ... Continue reading ...
Posted by Randall A Reinwasser on Monday, August 8, 2011,
In :
Gold and Silver
I'm in the process of writing a future bestseller book on the different options for storing gold overseas. I'm writing a chapter on a Dubai company called E-Dinar. While E-Dinar is more of a payment processing company than a storage facility, I'm convinced their innovative business will serve as a model for making worldwide payments in Western countries within 20 years.
Imagine a world where you buy clothes, fix the refrigerator, make a car payment or order a new printer without involving the... Continue reading ...
Posted by Randall A Reinwasser on Wednesday, August 3, 2011,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many
commodities is set, including silver. As you can see in this chart, the
level of COMEX silver inventories has been falling sharply for three
straight years. Currently, there's about 104 million ounce of silver
inventory. However, a good chunk of this inventory is not for sale. If this rapid fall in inventory continues, there is going to be a
flat-out shortage of silver on the COMEX, at some point. When/if that
happen... Continue reading ...
Posted by Randall A Reinwasser on Wednesday, July 27, 2011,
In :
Gold and Silver
One way to determine whether the gold price has reached an extreme, bubble-like valuation is to compare it to the S&P 500. As you can see from this David Rosenberg chart, the gold-to-S&P 500 price is near it's historic norm and far, far away from the 1980 level of 5X the S&P 500, which was the last time gold was in a bubble.
Gold is going to continue higher until the debt problems are resolved, negative real interest rates turn positive, and the growth in the money supply is reduced to a mo... Continue reading ...
Posted by Randall A Reinwasser on Thursday, July 21, 2011,
In :
Gold and Silver
I talk a lot on this blog about the struggles of middle and low-income households. Food stamp usage is at record highs, housing is in shambles, good jobs are tough to find and prices continue their relentless march higher. What I don't write enough about is how to fix this mess. Some solutions are obvious: lower taxes and massively reduce the size of government. However, in my opinion, the easiest way to get this economy back on track is to reestablish the Gold Standard.
Posted by Randall A Reinwasser on Monday, June 27, 2011,
In :
Gold and Silver
COMEX is the futures and options exchange where the price of many commodities is set, including silver. As you can see in this chart, the level of COMEX silver inventories has been falling sharply for three straight years. Currently, there's about 98 million ounce of silver inventory. However, a good chunk of this inventory is not for sale. If this rapid fall in inventory continues, there is going to be a flat-out shortage of silver on the COMEX, at some point. When/if that happens, the ... Continue reading ...
Posted by Randall A Reinwasser on Tuesday, June 21, 2011,
In :
Gold and Silver
All precious metals investors know that gold and silver almost always struggle during the summer months. Since May, however, gold has held its own and is only a few dollars off it's all-time high. Unfortunately for us gold mining company investors, the shares have badly lagged the performance of gold. In this Frank Holmes article, he argues that now is a good time to buy undervalued and unloved gold mining shares. I agree...at some point these mining shares are going to reflect their hist... Continue reading ...
Posted by Randall A Reinwasser on Sunday, June 19, 2011,
In :
Gold and Silver
This short video is a chronology of the hyperinflation that destroyed the national currency in Zimbabwe a few years ago.
"On July 4, 2008 a can of Coke cost $50 billion Zimbabwe Dollars for breakfast, $100 billion Zimbabwe Dollars for lunch and $150 billion Zimbabwe Dollars for dinner. Their inflation rate was approximately 10 to the 27th power." --------------------------------------------------------------------------------------------------------------------------------------------------
Posted by Randall A Reinwasser on Sunday, May 15, 2011,
In :
Gold and Silver
The brilliant hedge fund manager, Harris Kupperman (Kuppy) weighs in on silver volatility, the dangers of leverage and why he's buying more silver... ------------------------------------- Volatile Silver By Kuppy
Every few months, silver has a stunning collapse and the whole world
seems astonished by the ferocity of the move. I think it’s time that we
all take a step back and accept that silver is a wild animal. At any
time, it can move 30% and that isn’t out of the normal—in fact, that ...
Posted by Randall A Reinwasser on Wednesday, May 11, 2011,
In :
Gold and Silver
Besides Mrs. Solitude Canyon asking when we're going to buy new patio furniture, the most common question I get is if the gold bull market is over. I certainly don't think so, but it sure is hard to explain why. An excellent explanation was put forward by Jim Grant, of the Grant Interest Rate Observer. He feels you can value gold with this simple formula:
Gold Price = 1/N.
With N being the capacity of Ben Bernanke, Tim Geithner, Congress and the President to responsibly manage the U.S. dol...
Posted by Randall A Reinwasser on Tuesday, May 10, 2011,
In :
Gold and Silver
Just when I thought I knew everything about gold, here comes this fascinating interview with Shanta, an Indian citizen. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------- When a Gold Necklace Isn't Jewelry Jeff Clark, Casey Research
My friend Jayant Bhandari, who’s worked for Casey Research in the
past and is now a consultant to an institutional investor, has told me
for ye...
Posted by Randall A Reinwasser on Monday, May 2, 2011,
In :
Gold and Silver
In 2005, I became convinced silver was about to go into a record setting bull market. Five reasons stood out:
Silver is a tiny market. In 2005,just $10 billion could have purchased the entire available silver supply.
I expected a housing crash would lead to a horrific recession and the government would respond by printing endless sums of money. This, of course, would devalue the dollar and drive the price of silver higher.
Silver has very unique properties and its industrial uses were expandi...
Posted by Randall A Reinwasser on Friday, April 22, 2011,
In :
Gold and Silver
Frank Holmes, CEO of U.S. Global Investors, dropped this interesting chart into his weekly commentary. Comparing today's gold price action to the 1970's gold mania and the 1990's NASDAQ bubble, it's pretty clear we're nowhere near a bubble in gold.
When listening to someone comment on the gold or silver market, you must find out if they were invested in precious metals five or more years ago. If, like Frank Holmes, they spotted this bull market in the early part of its rise they probably k...
Posted by Randall A Reinwasser on Tuesday, March 15, 2011,
In :
Gold and Silver
In this excellent article, Eric Sprott analyzes money flows into gold, gold stock valuations and gold stock equity financing to determine whether gold is in a bubble. He conclusively shows that there is, oddly enough, a lack of exuberance in the gold market...the exact opposite condition that you would find in a bubble.
Posted by Randall A Reinwasser on Wednesday, March 2, 2011,
In :
Gold and Silver
To celebrate yet another milestone in my favorite investment, Silver, here's a few short stories on silver...first up is this CNBC video on the history of silver:
Posted by Randall A Reinwasser on Friday, February 11, 2011,
In :
Gold and Silver
Pierre Lassonde is the chairman of Franco Nevada, a mining royalty company. I just read an interview with him, where he disclosed the details of his first royalty investment in 1985:
...the very first royalty I bought was on Gold Strike in 1985. I paid $2
million for a 500,000-ounce Resource. Barrick bought the property a year
later, started drilling, and ended up finding over 50 million ounces
of gold. To date, that royalty has paid out over $600 million, and by
the time it's finishe... Continue reading ...
Posted by Randall A Reinwasser on Wednesday, February 9, 2011,
In :
Gold and Silver
This short, fun to watch video presents the question: If you had a safe that was not to be opened for 10 years, would you rather fill it with $1,400 in cash or 1 ounce of pure gold?
Posted by Randall A Reinwasser on Wednesday, December 29, 2010,
In :
Gold and Silver
Doug Kass has a Top 15 Surprises for 2011 list that is making it's way around the internet. Among his "surprises" is gold drops by more than $250 in a 4-week period. One of his anecdotal signs that gold is in a bubble, are the ubiquitous We Buy Gold signs he sees near his Florida home. The gold haters write about this all the time. Their argument is the omnipresent We Buy Gold signs are indicative of a top in the gold market, similar to the numerous We Sell Condominiums signs that were s... Continue reading ...
Posted by Randall A Reinwasser on Wednesday, December 22, 2010,
In :
Gold and Silver
You know the gold market is getting tight, when you read stories like this:
"AngloGold Ashanti and De Beers say their joint
venture’s exploration phase for gold deposits off South Africa’s west
coast has kicked off.
The two companies, which entered
into a joint venture to find and ultimately mine gold under the waters
of the Atlantic a year ago, are now researching whether the project will
be economically viable"
While I wish them luck, I suspect I would have a better ch...
Posted by Randall A Reinwasser on Friday, December 17, 2010,
In :
Gold and Silver
Silver is my pick for investment of the decade. It's recent price rise has been driven by surging investment demand due to inflation fears, currency debasement and fiscal recklessness. However, there's an entirely different use for silver that you may not be as familiar with: it's industrial applications. While you're probably cognizant of silver's use in photography and tableware, you may be less familiar with it's increasing use in medicine, the military, solar power and water purificat... Continue reading ...
Posted by Randall A Reinwasser on Monday, December 6, 2010,
In :
Gold and Silver
Hats off to all the silver investors out there!! This afternoon silver hit another milestone by going over $30. The last time silver hit $30 it was 1980 and the Hunt brothers were hard at work trying to corner the silver market. Today, the manipulators (JP Morgan) are on the other side of the equation, they're massively short silver. A decent amount of the price increase is because JP Morgan is buying back their COMEX short position, driving up the price. Despite this fantastic run in th... Continue reading ...
Posted by Randall A Reinwasser on Monday, December 6, 2010,
In :
Gold and Silver
Last week the head of the Shanghai Gold Exchange dropped a bombshell on the gold market. He told a conference that China imported 210 tons of gold through October versus only 45 tons all of last year. If China gold demand stays consistent through the end of the year, they will import 252 tons in 2010, which is a 460% increase versus 2009.
Why the sudden spike in Chinese gold imports? I suspect the most important factors are the surge in Chinese inflation coupled with recently loosed gold ... Continue reading ...
Posted by Randall A Reinwasser on Thursday, November 25, 2010,
In :
Gold and Silver
If you're not familiar with Ted Butler, he's the guru of the silver market. For about 10 years he's been constantly writing and speaking about the illegal silver market manipulation and what a great investment silver is. While it wasn't Ted that got me involved in the silver market 6 years ago, his writings did sharpen my own thoughts on silver and led me to take on an ever increasing silver position for both myself and clients.
This interview with Ted is a real treat. About one year ago he... Continue reading ...
Posted by Randall A Reinwasser on Saturday, November 6, 2010,
In :
Gold and Silver
Earlier this week, the law firm Kaplan, Fox and Kilsheimer sued JP Morgan Chase and HSBC bank for manipulating the silver market from June 2008 through March 2010. This a class action lawsuit alleging:
"that around June 2008, when JP Morgan acquired Bear Stearns, including
Bear Stearns' short positions in silver futures, JP Morgan and HSBC
commenced a conspiracy to manipulate, and did manipulate, the market for
silver futures and options contracts on COMEX. Specifically, the
complaint all... Continue reading ...
Posted by Randall A Reinwasser on Thursday, November 4, 2010,
In :
Gold and Silver
Wow, as of Thursday afternoon the price silver has shot up $1.25 ounce to $26.10. That's the largest single day increase in the price of silver since 1980, when silver made it's historic run to $50/ounce. So is this it? Has the silver market topped out? Not a chance! While silver could easily correct back towards the $18-$20 ounce range, the long-term trend is still up. Way up.
The most compelling reasons why silver will continue to rise include:
Posted by Randall A Reinwasser on Wednesday, November 3, 2010,
In :
Gold and Silver
Unless you've been living under a rock, you're well aware that gold and silver have been in a raging bull market for the last decade. It may surprise you to learn that the precious metal mining stocks have not kept up with the rapid advancement of the metals they mine. In fact, over the past three years while gold has risen from $800 to $1,350 (an impressive 69% gain), the large gold mining companies have risen just 20% (as measured by the HUI, the gold bugs index).
