China Emerging As A Global Leader
By · Comments
By Eva Kovacs
China Emerging As A Global Leader
“Hot off the press!”
China has the gold! It has overtaken Japan to become the world’s second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Now, just depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according to projections by the World Bank, Goldman Sachs and others. Read More→
Silver The Undervalued Metal
By · Comments
By Eva Kovacs
Silver The Undervalued Metal
So where’s our Silver Cinderella!
Like gold, silver’s fate now lies in the hands of the individual investor and institutions. Regal Assets!
The advent of gold and silver exchange-traded-funds (ETFs) over the last decade has resulted in a massive consumption boom as these funds lunge after physical supplies.
Silver industrial demand has historically closely tied to the global economic cycle. But industrial demand has now taken a back seat to ETFs. Provided ETFs continue to command a larger percentage of total available supplies in the silver market, spot prices will continue to rise. Read More→
The Hidden Health Care Bill
By · Comments
By Eva Kovacs
The Hidden Health Care Bill
So, what is this next Shoe Dropping?
This is no hocus-pocus, thanks to the new reporting requirements sneaking into the health care reform bill. I just read that “Every U.S. business, and individuals as well, will be forced to obtain the tax ID number and/or the Social Security number of everyone with whom they do more than $600 worth of business in a year.
This is not a joke, but you need to know that this does take effect on Jan. 1, 2012 — and it applies to all U.S. business and private transactions.” Says Bob Bauman (July 27, 2010)…
“Americans are already outraged by President Obama’s new health care law. And now, many are up in arms about a little-noticed provision buried deep in the 906 pages of that law,” says Bob. Read More→
FDIC Is In Hot Water
By · Comments
By Eva Kovacs
FDIC Is In Hot Water
Banks are failing throughout the world…but lets get to the bottom of the page, help is on the way!
Joe Schmo wrote: “Yes, we will have fewer banks after the recession is over, but fewer more risky blood sucking banks.”
Oh boy…But wait…keep on reading this is serious stuff…
No, its not a pretty picture in Europe either
Seven of Europe’s 91 largest banks could not survive an unexpected decline in economic growth or a sharp deterioration in the value of European government bonds.
And what about our home Turf—USA
China Continues To Ditch US Dollars
By · Comments
By Eva Kovacs
China Continues To Ditch US Dollars
Did you just say China and Japan is jumping ship?
Yes, you’re right, I can’t ignore this one! Are you absolutely sure? I recall growing up, my mother always said, according to the Bible; two gigantic markets will rule the post-dollar world: one in Europe, focused on Germany, and one in Asia, focused on China and Japan. Strange how it’s coming to fruition! The way these two markets will grow to dominate trade, and will do so at our expense, just hit me like a slingshot!
Sure, we made mistakes…who hasn’t! It’s no secret that our government is bleeding the single greatest gushing of red ink in history, but really, are we talking Hyperinflation here?
Just how much is our total U.S obligations—I mean the gross federal debt outstanding, plus the net present value of unfunded liabilities?—$ 66 trillion, you say? Unbelievably high! These numbers are truly beyond my conception! I can’t even write these figures down…How many zero’s…oh never mind…
Read More→
Saudis Covertly Double Their Gold Holdings!
By · CommentsBy Eva Kovacs
Hmmm… Dang it! I’m trying to remember the time, when Mammoths walked the earth with dragons and dinosaurs–the first pages of the chronicle of mankind–before men became the top dog. My point is–what has for centuries supposed to have raised man above the beast is not the cudgel but an inward music an irresistible power of unarmed truth…Ethics! What a bummer! He never got it right!
Did you know, and by the way these numbers are not my own, they are from someone who knows what he’s talking about…China is dove tailing the Saudi’s…hoarding the gold behind your back! Read More→
By Eva Kovacs
Do you feel like your going up the creek without a paddle, spinning your wheels to understand what’s in the next financial crisis? You are not alone! The trend of what may lay ahead, a bad day at the office, or suddenly being unemployed, is like the budget, changing every hour, everyday. So what do you do if the Bush tax threatening to expire by 2011 happens? And or will the gold still rises against the top marginal income-tax rate set to increase on the first day of 2011 to 39.6 % from 35%. And, will it hold against the phase-out of itemized deductions that will lift that, effectively, to 40.8%. Or in 2013, the 3.8% Obama’s health-care tax on investment income that will kick in, make the top rate 44.06% to such degree, that this tax hike will push us into double-dip territory? Read More→
Gold Will Hit $1300 An Ounce Shortly
By · Comments
By Peter Costa
As the economic turmoil unfolds worldwide the future for gold is looking more and more promising. It would literally take an entire essay to map out why gold is going to become the most valuable asset on the planet in the coming times. For the more immediate term I am going to map out why I feel gold will hit $1300 an ounce before the end of the fall. At this point in time everyone knows that gold is the ultimate asset. We have seen billionaires and central banks pouring their wealth into gold or gold related investments as a flee for safety from paper based assets. There are many reasons why gold is going to have precipitous growth in the coming times but I have narrowed it down to my top 3 reasons. Here are the top 3 reasons why I feel gold will hit $1300 an ounce before the end of the fall. Read More→
Physical Precious Metals – The Ultimate Safe Haven
By · Comments
By Peter Costa
The rush for gold has not even begun according to billionaire Thomas Kaplan a New- York born commodities mogul. In fact he is so convinced of this that he has put $2 billion of his own money into physical gold through his company Tigris Financial. With this move Mr. Kaplan has now joined the likes of world market gurus such as John Paulson, George Soros, David Einhorn and Warren Buffet to name a few who have started to amass large quantities of physical precious metals. The key to their investment strategy is physical possession of precious metals that they store on their own and is something all precious metal investors need to take note of. Read More→
DOW Dropped 1000 Points, Is It Time To Exit?
By · Comments
By Peter Costa
It is staggering how so many individuals use the stock market as a gauge for economic recovery. They look blindly at the levels of the S&P 500 and the DOW Jones in hopes of finding the answer to where we are in the recovery stage. Whether the stock market is up or down, these simpletons continue to foolishly dump their hard earned wages into the market place. They are incognizant to the reality of our financial system and have no interest in learning the truth. Read More→
