Gold has reached record highs in recent weeks, but it will continue to rise, Ben Davies, CEO of Hinde Capital told CNBC Wednesday.
Gold should be viewed not as a commodity, but as a cash supplement, Davies said.
“There’s been such proliferation of currency,” he said. “As a consequence, gold is very undervalued.”
“I could be really obtuse and say $36, 000,” he said. “But actually it’s not as ridiculous as it might sound.”
-Watch the full interview at the left with Ben Davies, CEO of Hinde Capital.
If all the reported Fort Knox gold was re-valued at $36,000 per ounce, it would pay off all the debt in the US, he said.
On Monday, Dennis Gartman reversed his call for gold investors to rush to the exits, saying the precious metal was no longer overbought, but also warned that it was a technical call and he is "not a gold bug."
Davies argued that as the money supply increases, gold will see an increase in use as currency, boosting demand. Emerging markets will also buy gold to increase reserves, he added.
Great dynasties in history have come out of crises with large amounts of gold to use in the markets to buy cheap assets, Davies said.
More Here..
The tax and unemployment benefits extension bill appeared on the brink of collapse Thursday afternoon, with House Democratic leaders short of the votes they need to pass it and fiscally conservative Blue Dog Democrats defecting.
More Here
The tax and unemployment benefits extension bill appeared on the brink of collapse Thursday afternoon, with House Democratic leaders short of the votes they need to pass it and fiscally conservative Blue Dog Democrats defecting.More Here
we are screwed to the bone by the government.
ReplyDeletebuy precious metal to save yourself.
Hmmm... maybe there is a US dollar devaluation coming.
ReplyDeleteBank Holiday?
Stock Market at 5000 or lower?
Yeah; Right - try plus almost 300 points today
ReplyDeleteGet used to it
No collapse
Sorry to ruin your day
3:47 the market has come down from 14,000 to 10,000. You're not that clued out , disinfo maggot..When the collapse occurs dumb hick like yourself won't be able to access this site, no dough for an internet connection.
ReplyDeleteBring it, I'll be a millionaire.
ReplyDeletemost americans cant face the facts like the troll
ReplyDeletefact gold is money
fact if gold isnt money and worthless why is fort knox guarded so tightly
fact why did fdr want inprisonment for gold owners
fact gold is money
and paper is used to wipe my ass
im rich bich
The gold companies take American Express, don't they? If so, I'll buy me some.
ReplyDeleteFort Knox was looted long ago. Watch MONEY MASTERS video.
ReplyDeleteThat is why it hasn't been audited since the 50s. NO AUDIT = fraud. Same as the Federal Reserve.
If Zimbabwe is the path we are on, a gram of gold will be worth hundreds of billions of dollars. There is now way to compare fiat toilet paper to gold and silver. Different animals. One is real, and it ain't the TP.
ReplyDeleteE.A your video coverage of the oil blowout is boring.
ReplyDeleteUnlike the Moonwalk ,there is not even a fluttering American Flag in sight!
Not even an american $ sign.
Or, even a fluttering victorius "we claim and own the Gulf" BP flag or British flag.
I await a bit of American hero "yes we can" activity and explosive nuke activity in ther final scene.
Marvin Obama carring an american flag
and KABOOM?
But in the meantime boring, boring ,boring.
as dead fish only flow with the stream.
“Speaker Nancy Pelosi (D-Calif.), asked if she still expects the House to vote on the extenders package Thursday, said, “I don’t know about that — it depends on how long defense takes.” More than 80 amendments are pending to the defense bill, and Blue Dogs were urging leadership to pass a short-term unemployment extension and return to the tax bill after the break.”
ReplyDeleteFirst patriotic priority in bankrupt Ponzi economy is non -partisan looting Treasury for handouts to the rich “to save America”.
Next priority ? Nothing may be allowed to get in the way or delay money for the other basis of the economy, Militarism, “to save America”.
Saving actual Americans from the economic effects of those priorities for the Jumbo- Donkery- ass- duopoly party a priority ?
Later Dude!
Militarism is important to Democrats too .They have form and attitude!It was Democrat Harry Truman that dropped two nuclear weapons on Japan. It was Democrat Harry Truman that sent aid to oppose Mao in China. It was Democrat Harry Truman that created and prolonged the Korean War.It was Democrat Lyndon Johnson that sent 500,000 troops to slaughter millions of Vietnamese people.
It was Democrat Bill Clinton that killed over 500,000 children with sanctions on Iraq.
The largest mass killings since World War II occurred under Democrats. Yes, the Democrats enforced voting rights for Blacks as they also sent in more troops into Vietnam.
For this, white ole’ boys’ network labor aristocracy/Liberal activists in Obamas gang , say that Democrats are less reactionary than Republicans and passed out healthcare bribesin a trade off for supporting wars.
It is the Democrats living off their civil rights laurels while killing of Asian people that does not count in coming up with the “less reactionary” label.
Now, Obama prepares a false flag operation against Nth Korea and sends the Predator drones to attack Pakistan and more troops to kill in Afghanistan. Yes, there is a pattern. Asians die by using "patriotism" to make up for the Democrats’support problems.
Anonymous said...
ReplyDeletewe are screwed to the bone by the government.
buy precious metal to save yourself.
May 27, 2010 3:25 PM
You are sooooo right 3:25. We are screwed to the bone by the Executive Order that allows the CONFISCATION of all precious metals by the US Gubbermint!!!
So you still think we outta shell out bongo bucks for gold?
7:25 pathetic attempt, get a life. Are you really concerned that much about the 2% that will squeak by?
ReplyDeleteThe government can take anything they want anytime they want to; your fear tactic about gold specifically is pointless.
Fiat dollars can be taken away electronically in a few minutes, as can stocks, IRAs, and all digital/paper nonsense. I think I'll keep my physical PMs pal. At least if someone is going to confiscate them they can't do it via a keyboard.
Disinfo creeps like yourself are just wasting your time here. People who own PMs are just too wise to your fiat Ponzi scheme. Thanks to heroes like EA we know what the real score is, and you are about to lose.
Keep your bongo fiat dollars - PLEASE.
@7:44
ReplyDeleteI don't get teh point of your rather "look down your nose at others" comment.
Everyone already knows well what you are saying.
Whats your point?
8.12
ReplyDeletewell its clearly a point that you for some reason do not like 7.44 repeating and clearly get concerned and annoyed when it is repeated.
Why is that?
whats YOUR point?
Want to change the subject back to recovery and confidence in the dollar ?
Not a recovery, a cover up. Line up the pigeons for the coming swift and fast destruction of their living standard.
ReplyDeleteBuy Gold and Silver NOW.
ReplyDelete7:44 blew the troll confiscation argument out of the water !!
ReplyDeleteSilver is a better buy than Gold. Silver is the best thing you can get for the coming storm.
ReplyDeleteHmmmm..interesting
ReplyDeleteI could have sworn I read a comment by the agent "Chuckles the clown" last night but I see it's been taken down
The thought police are out in full force
Both Chuckles and Jesus Freak would be my personal choices for President. Their somewhat unorthodox ideas exhibit a wealth of freshness with just a hint of flatulance. Freak displays a rather noble desire to go down with the ship, while Chucky seems to enjoy observing small animals fornicate. Neither, however, sound as though they would be narcisstic enough to resort to such a slovenly habit as depending on a teleprompter for speeches.
ReplyDelete@9:57-at least they bring an element of humor to all these sad stories.
ReplyDeleteLet's not forget during GD1, folks all said how much fun they made of themselves living in squalor as they had no choice to suck it up, and they made light of each other to relieve the pain and stress!
I want chuckles back!!!!!
347 DISINFO GOON, STOCK MARKET 2 MONTHS AGO 14000 TODAY UNDER 10000, WHAT A LOSER
ReplyDelete