voxOnox
I asked myself this question Wednesday night when I heard the news that Chavez intended to nationalize Venezuelan gold mines.....
Over the past decade, several precious metals experts have suggested that there MAY come a time when the price of Mining Stocks would collapse as the price of precious metals soared because there is a certain correlation between the price of precious metals and the risk/probability of mines becoming nationalized.......
“There was an expression during the Great Depression – Would you rather have a pretty picture of food or have the meal on your plate? – now relate that to precious metals – Would you rather have a pretty certificate of gold/silver or have the actual metal?” ........
- Silver Shield - I would not be surprised if Hugo does not end up getting his gold. If he does it certainly means that someone else is going to be left out in the cold. Germany has almost all of its gold reserves sitting in the basement of the New York Fed. It is insanity for any foreign nation to have their gold held by another country. I am warning small investors to make sure that they hold their physical metals and trust nobody. I would not put it past our criminal Elite to confiscate those nations that trust us with their gold. Hugo might have just as well tipped off a gold rush, make sure you have yours before the rest of the world wakes up.
Over the past decade, several precious metals experts have suggested that there MAY come a time when the price of Mining Stocks would collapse as the price of precious metals soared because there is a certain correlation between the price of precious metals and the risk/probability of mines becoming nationalized.......
“There was an expression during the Great Depression – Would you rather have a pretty picture of food or have the meal on your plate? – now relate that to precious metals – Would you rather have a pretty certificate of gold/silver or have the actual metal?” ........
- Silver Shield - I would not be surprised if Hugo does not end up getting his gold. If he does it certainly means that someone else is going to be left out in the cold. Germany has almost all of its gold reserves sitting in the basement of the New York Fed. It is insanity for any foreign nation to have their gold held by another country. I am warning small investors to make sure that they hold their physical metals and trust nobody. I would not put it past our criminal Elite to confiscate those nations that trust us with their gold. Hugo might have just as well tipped off a gold rush, make sure you have yours before the rest of the world wakes up.
i have no reason to hate kim chavez. he has done well things for his people. when north korea sank marines in self defense colin powel wanted to attack them with fire. well he didnt. for he had not the courage in his heart. colin powel ties in well to cia war path machine. once oil is needed they get bombed. it looks bad. I have good senses to not judge on what people say. kim chavez has ruled north korea well. since he wont give up the oil they made him look bad. when we dont get are money back wealth will be created by printing until we do. i said it once i said it a bunch of times. get ready folks bad stuff coming are way.
ReplyDelete- Sam
Hugo Chavez has very few customers that are capable of refining his very heavy crude oil - USA and Japan. Chavez can threat about cutting off oil to America all he wants but he needs American's money to support his huge social programs. So STFU Chavez. Until u develop refining capacity, u are in no position to take any action against USA. If u do develop oil refineries, USA will bomb them just before they go into operation.
ReplyDeleteChavez = real leader
ReplyDeleteObama = puppet
Oligarches who own Empires hire puppets.
mining stocks also suffer, being tied to HFT's and preprogrammed robotic market moves. really don't think we'll see a "homesteadmines" performance of any of them
ReplyDelete