[Money-matters] FW: [Money Matters Newsletter] Gold and Silver continue higher! Bernanke says MORE MONEY to 60 Minutes! Update 12/6/2010

Tue Dec 7 19:40:56 UTC 2010

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Tuesday, December 07, 2010 11:39 AM
To: client
Subject: [Money Matters Newsletter] Gold and Silver continue higher!
Bernanke says MORE MONEY to 60 Minutes! Update 12/6/2010

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Money Matters Newsletter: Gold and Silver continue higher! Bernanke says
MORE MONEY to 60 Minutes! Update 12/6/2010

Marc says:

Gold and Silver continue to rocket higher with silver hitting over 30 bucks
an ounce and gold over $1400.00!  Ben Bernanke, your Federal Reserve Chief
went on 60 minutes Sunday and hinted the latest 600 billion "may not be
enough"  echoing my call almost 2 years back "It wont be enough". My how
things do rhyme occasionally. He may increase his latest round of bailout
money printing programs. Wow is all I can say. 

Incredible also works.

Bernanke still thinks he can print our way to prosperity even though 5 or 6
trillion hasn't done it.  Does he think we are almost over the hump here?
Even the most loyal Federal Reserve supporters and government worshippers
must be finally realizing the FEDS  must not be getting something right if
they think a few hundred billion (ha, cant believe I said that) is going to
solve what 5 trillion didn't. 

And did you see where the money went in the latest Federal Reserve release?
First off they DID NOT list about 800 billion so we have no idea where that
went but they did list another 3.3 trillion in bailout funds and that went
basically everywhere!  The largest receiver of your tax money went to 2
foreign banks! HA!
Add in money flowing to McDonalds, Harley Davidson, Toyota (yep) private
hedge funds, brokerage houses, offshore banks on remote islands and you name
it, we now see how the Feds regard our tax money. It's good enough for the
entire planet to steal!

Meanwhile no increases for your Mom or Dads social security check as there
is no inflation (HAHHAHAH!) so says the Fed so our grandparents and parents
don't need any added food or heat money for the next year. If this wasn't so
sad it would be funny. 

Obama reneges on his promise to not extend the Bush tax cuts and agrees to
extend all of them to all income levels. Congress agrees to extend
unemployment benefits (again) and you have to wonder with fewer taxes to
garner yet more money to dole out, how these guys ever plan to reduce the
budget. Like I keep saying, they wont, they can't and it will only get
LARGER. 

Ireland and the Euros woes are in limbo but I suspect Spain this way comes.
The whole Euro thing will eventually blow up resulting in more bailouts from
Central Banks everywhere and inflation (the inflation the Feds say is not
there) will rage. The Euro will crash lower and gold will rise.

News headlines on Prudentbear.com almost daily spew news on rising prices in
everything. Stagflation was called in winter of 2009 on the news update.
Tada!

Surprise! Unemployment ROSE to 9.8 % sending Bernanke's "green shoots" into
winter dormancy and Washington is left scratching its head as to what to do.

"We know" yells Congress, lets throw more money around! That'll fix it.

My my, are we learning yet?

Well on to our money then. Oil is crawling up. It is playing catch up with
the commodities that rose in the summer. Natural Gas is inching up slowly
due to the cold weather as is Uranium. All things energy will continue up
UNLESS the stock market reverses down. Gold and silver are literally
outshining anything and everything. Those holding a ton of it should
consider selling into strength. (Sell when others are buying, buy when
others are selling). I sold some silver bars at 30 bucks/ounce to take
advantage of the recent spike. A correction of magnitude is way over due but
markets can stay irrational longer then you think so this thing may have
just begun. GO GOLD!

Our foreign currency funds backed off so our call to sell some was right on
the money. Those not owning any should add  and those owning a lot and
wishing to trade should hold off on any new buys until FXF touches 95 or so
and the FXC and FXA hit in the high 80's. That's if they ever do. We will
see.

All things considered no changes. I added CH and IAE to my personal dividend
payers portfolio as I mentioned in the last news letter and added GDXJ  (the
junior gold miners index) for a client or 2 last week. This fund is a way to
play the small gold and silver explorers by owning a basket fullof
explorers. I like this fund for speculation but it pays no dividend. Most of
you should be in our older holdings of  Gold mutual funds: UNWPX   TGLDX and
USERX which some are close to a double,  our goal 2 years ago or so. We are
almost there!

If you enjoyed the GRASS VALLEY UNION articles I penned in the last few
months papers, email Jeff Ackerman at the Union. (jackerman at theunion.com)
and tell him so.

No show this week but the latest shows will be posted on the website with
the newscasts this month. There are now 106 Money Matters Shows.

Marc
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Where I buy some of my gold: What I call "Possession Gold". 
Blanchard and Company, Inc.
P.O. Box 61740
New Orleans, La 70161-1740
Direct toll free number: (888) 727-7537
Rick Baugnon

I have probably purchased the most ounces of gold and silver from Blanchard.
Not only do they sell regular coins and bars, they are the only contact on
this e-letter that also can provide you with graded coins and collectible
coins. Although I usually recommend only standard coins, I do own
collectibles as they may help against a confiscation scenario and we need to
be prepared for everything. Please call Rick Baugnon and tell them you are a
Money Matters Listener and he will give you special consideration and he
knows my preferences. Use his direct line above. Rick and I have discussed
Money Matters needs and he knows what to provide.

Monex Deposit David Feldberg x 2216
4910 Birch St., Newport Beach Ca 92660
1 (800) 949 4653 (GOLD) ext 2216 You may refer to Marc Cuniberti and Money
Matters and David will know what Marc recommends. 
Take delivery and store in a safe place. You may have 25 % of this amount in
silver and the remaining 75% in gold. I usually buy only generic 1 ounce
rounds or ounce bars, no collectibles. You may buy any 99 % pure gold or
silver assets but pay no more then a few percentage points over spot. Again,
buy NO Collectibles, No Margin account, No Commodity accounts. Take delivery
of standard coins only. 

JH MINT
13241 Grass Valley Ave. 
Grass Valley, Ca 95945 (530)273-8175

(Near the Grass Valley Airport off Loma Rica Road)

Tell the salesperson you are a Money Matters Listener and you will get
special discounts,(market conditions permitting). Normal Gold prices are
anywhere from 6 to 11% over New York Spot price. If you are selling, you
should get close to spot when you sell. Buy only standard, or popular gold
or silver coins. I do NOT prefer the generics but would rather have you buy
Silver Eagles or bars. When buying silver, the mark up will be a bit higher
than gold. JH Mint posts prices on its board over the sales counter so you
can see spot at any time. I have dealt with JH MINT myself and found them to
be easy to work with.  You can pay in cash and you will remain anonymous.
I usually buy Gold Eagles, Buffalos, Kruggerands, Silver Maples. Gold Pandas
Generic Rounds. Peace Dollars or Morgans. You may also use my web contact: 

Follow Marc and Money Matters on Facebook
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