Peter Grandich, of The Grandich Letter, talks to the GoldMoney Foundation about gold, silver, platinum and palladium. He explains the US Treasury bubble and that no debt crisis is ever solved by adding more debt. He talks about mining companies and their underperformance relative to the price of gold. He agrees with James Turk that gold is not a commodity, but that gold is money. [youtube]http://www.youtube.com/watch?v=4uWpDSBHAaE[/youtube] Ed Steer, of Casey Research, explains to the GoldMoney Foundation the reasons to own gold and silver. He talks about the price of gold, central bank money printing and how to buy gold and silver. He also expects other commodities to rise on the back of easy money policies. He expects gold and silver to be broadly and officially recognised as money once more within 18 months. [youtube]http://www.youtube.com/watch?v=Ifsy97CxiL4[/youtube]
And yet the dollar is rallying on the debt worries! Gold stocks bucking the trend nicely. If you compare the performance of gold stocks to the banking ector over the last 2 months, they diverge by 43%! Do I need to mention which way?
