Education, Tools and News For The Individual Investor

Central Banks Accumulating Gold

October 9, 2012 | Commodities, Finance, General, Stock, Stocks, Trade, Trader, Trading | Permalink


Foreign central banks are concerned that their major reserve currency, the US dollar is losing value.  Many of them are looking toward gold since it provides stability and liquidity.

The following chart shows the amount of dollars held by the central banks in reserve.  Note that the graph is heading south!  Not good for the dollar but very good for gold.

Since last July, the U.S. dollar index (the value of the U.S. dollar compared to six major world currencies) has lost almost six percent.  Plus the euro has fallen as well and the central banks have limited choices to consider, making gold all the more important to them.

Ellis Martin Report with Ranting Andy Hoffman October 2, 2012

October 2, 2012 | Commodities, Stock, Stocks, Trade, Trader, Videos | Permalink

Ellis Martin and Ranting Andy Hoffman of Miles discuss the diminishing supply of silver and the continuous increase in demand. According to Mr. Hoffman, silver and gold are not investments, their money.

Miles Franklin is a paid sponsor of The Ellis Martin Report

The original article/video can be found at Ellis Martin Report with Ranting Andy Hoffman October 2, 2012

We Have Entered A New & More Deadly Phase Of This Cycle

September 23, 2012 | Commodities, Finance | Permalink

Today Michael Pento writes about the ongoing destruction of fiat currencies, and what investors should be doing with their money in this environment. Pento has ben incredibly accurate regarding his predictions regarding central bank moves. He now believes we are entering a “new” and more “deadly phase” of this cycle.

Michael Pento writes exclusively for King World News to let readers know what to expect from central planners, and how it will impact the economy and key markets. Here is Pento’s piece: “The worldwide currency debasement war has now entered a new and more deadly phase. Central banks have escalated the combat plan to bring about the world’s weakest currency for their individual countries.”

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