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Archive for November, 2010

Cantona’s Revolution goes International and has a date! World Exclusive

Tuesday, November 23rd, 2010
First revealed here as a World Exclusive in English “Eric Cantona’s French Revolution”  (Oct 22) explains the views of the ex-Manchester United player on the French strikes and his suggestion for “another way” of attracting the attention of President Sarkozy and his Government. His suggestion was that the 3  Million or more demonstrators would have a bigger impact on the “System” which is “built on the Banks” by quietly withdrawing all their money from their bank accounts. This, he suggested, would encourage the President and his cohorts to “listen to us differently”.
Word has spread like wild fire
His idea has found thousands of supporters and word has been spreading like wild fire around the social networks Facebook and Twitter. His interview for a small regional station has now created a  huge movement  on the internet with the buzz increasing everyday. The talk of action is real and now a date has been set to put his idea into practice.
The on line revolutionaries have decided that 7th December 2010 is THE date for action and they are planning to empty their accounts.
The Revolution goes International!
The Buzz is so strong on the net that the idea has gone international and momentum is building. People everywhere are angry and especially in countries where the banks have failed their customers like the UK, USA, Greece and very recently Ireland. There is a very real chance of international action on the same day by ordinary people to show their distrust and displeasure with Government and Banks.
This is not surprising given the power of social networking and it could be the first popular revolution organised via this medium.
Be careful with the cash!
A word of warning to those who take their cash out – keep it safe. The problem also these days is what currency your cash is in. Euros, Dollars – both are volatile and could lose significant value during these troubled times.
Anyone looking for a safe haven for their cash should think of the real currency of the 21st Century which is tangible in value, not linked to debt and a personal asset that keeps it purchasing power through the ages – physical Gold.
It can’t be printed (by the Fed) and it’s a precious, extremely useful, rare metal in high demand and limited supply.
Find a good deal, buy some and lock it up!
The Banks have all made fortunes with our money and never shown remorse for their failings.
Soon they will feel the natural justice of their victims and the people are getting ready for Judgement day.

First revealed here as a World Exclusive in English “Eric Cantona’s French Revolution”  (Oct 22) explains the views of the ex-Manchester United player on the French strikes and his suggestion for “another way” of attracting the attention of President Sarkozy and his Government. His suggestion was that the 3  Million or more demonstrators would have a bigger impact on the “System” which is “built on the Banks” by quietly withdrawing all their money from their bank accounts. This, he suggested, would encourage the President and his cohorts to “listen to us differently”.

Word has spread like wild fire

His idea has found thousands of supporters and word has been spreading like wild fire around the social networks Facebook and Twitter. His interview for a small regional station has now created a  huge movement  on the internet with the buzz increasing everyday. The talk of action is real and now a date has been set to put his idea into practice.

The on line revolutionaries have decided that 7th December 2010 is THE date for action and they are planning to empty their accounts.

The Revolution goes International!

The Buzz is so strong on the net that the idea has gone international and momentum is building. People everywhere are angry and especially in countries where the banks have failed their customers like the UK, USA, Greece and very recently Ireland. There is a very real chance of international action on the same day by ordinary people to show their distrust and displeasure with Government and Banks.

This is not surprising given the power of social networking and it could be the first popular revolution organised via this medium.

Be careful with the cash!

A word of warning to those who take their cash out – keep it safe. The problem also these days is what currency your cash is in. Euros, Dollars – both are volatile and could lose significant value during these troubled times.

Anyone looking for a safe haven for their cash should think of the real currency of the 21st Century which is tangible in value, not linked to debt and a personal asset that keeps it purchasing power through the ages – physical Gold.

It can’t be printed (by the Fed) and it’s a precious, extremely useful, rare metal in high demand and limited supply.

Find a good deal, buy some and lock it up!

The Banks have all made fortunes with our money and never shown remorse for their failings.

Soon they will feel the natural justice of their victims and the people are getting ready for Judgement day.

China, QE2 and the rising price of Gold of Gold

Wednesday, November 10th, 2010

China is set to buy and continue to buy Gold in the coming years as its excess of Forex reserves spiral upwards. At present 1.7% of this is invested in Gold but as they are due to run a further surplus of $2.7 Trillion over the next five years they will have to buy between 1,000 and 1,500 tonnes just to match the current ratio. There is a strong possibility that they will buy even more to avoid exposure to further dollar devaluations.

Introducing QE2!

How strange that Bernanke’s QE2 will inevitably continue this cycle of dollar devaluation. The only reason he introduced QE2 is because he has no other ideas or measures in his locker. He did it for something to do as doing nothing looks bad. Well time will be the judge but the short term effects won’t last long and ultimately will solve nothing. His hopes are that he survives office before the “Bubble” bursts but the legacy of QE2 will not be good. Hyperinflation may just be around the corner followed by a total devaluation of the Dollar, leading to it losing its role as a reference currency.

No gold left in India!

All of these factors are contributing to the increasing world demand for gold. The Indian market ran dry of gold coins recently as the “season of lights” demand outstripped supply. The Chinese private investment market has all but doubled demand in the last year to 143 tonnes (from 73 tonnes 2009 and 17 tonnes 2008). Predictions are that this will rise but at what rate? One can guess that it will be significant.

So what will happen to gold prices?

Well today spot prices have broken another record by passing the $1400 an ounce ($1404.90). A weak dollar, increasing demand from central banks and expanding private markets will push the price through record levels to $1500 an ounce by spring break at the latest and even $2000 by Q4 next year.
Whenever the credit, currency or debt “Bubbles” burst the sky will be the limit for gold – literally!
If you believe this is fiction check the facts on gold prices for yourself on the links below and remember that since 2008 the rules have changed ……….. and any so called correction for Gold is likely to be up!

Paul McGowan

FRANCAIS ESPANOL ITALIANO CHINESE

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Thoughts
"For a mountaineer, the important things are the effort, the posture and the muscles. The rope that holds him serves no purpose when everything works but it gives him a sense of security. In the same way, all gold does is ensure confidence; it's a safe haven."