Bullion dealer Greg McCoach is interviewed in the Gold Report as reprinted in Commodity Online. He talks about gold, the stock market and what he believes is another impending major correction. He is also very much against gold ETF's. Here is and excerpt: "My mantra for the past 10 years is to get the leverage with the precious metals juniors and take profits when they are running hot to build a significant position in the precious metals. I recommend buying gold, silver, platinum, and palladium and taking delivery of those metals. Don't rely on ETFs, pooled accounts, or certificate programs to do this for you. In the end, I believe all of these products will be proven to be fraudulent. In other words, you won't be seeing the benefit in those investments as the gold prices rise because the gold doesn't exist the way they say it does. Those who want to protect themselves need to own the physical precious metals themselves and take delivery."  Read more here: Greg McCoach

GATA Chairman Bill Murphy was interviewed for five minutes today on the Business News Network in Canada about the rigging of the gold and silver markets, tomorrow's hearing of the U.S. Commodity Futures Trading Commission on futures trading in the precious metals, and GATA's hope to present "whistle blower" evidence at that hearing. You can watch the interview at the BNN Internet site here:

http://watch.bnn.ca/#clip280484

GATA is an important group in the battle against precious metals market manipulation. Find them here: http://www.gata.org/

Do you have real gold and silver bullion? Talk to me now and avoid heartache over a poor investment choice.

The latest BullionBuzz Newsletter is available. This issue re-publishes some of the best articles of past years by authors like Jim Puplava and Richard Russell. Here is an excerpt from on by Jim Puplava: "In April of 1779, Benjamin Franklin said: "This currency, as we manage it, is a wonderful machine. It performs its office when we issue it; it pays and clothes troops, and provides victuals and ammunition; and when we are obliged to issue a quantity excessive, it pays itself off by depreciation."

Fast forward 230 years and we find Ben Bernanke poised to take charge of America's money, with a philosophy remarkably similar to his predecessor's: "Like gold, US dollars have value only to the extent that they are strictly limited in supply. But the US government has a technology, called a printing press, which allows it to produce as many US dollars as it wishes at essentially no cost. By increasing the number of dollars in circulation, or even credibly threatening to do so, the US government can also reduce the value of a dollar in terms of goods and services, which is the equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation."

For the most part, inflation is a poorly understood phenomenon. Many believe it results from OPEC raising oil prices, businesses seeking higher profits, or unions looking to enhance union work benefits and pay. The truth is that government is the source of all inflation – an increase in the quantity of money stands behind rising prices. Today, inflation, not deflation, is inevitable, and the link between the past and the present is in the shared philosophies of the two Bens: both are enamoured of the printing press." Read more here: BullionBuzz

The new edition of the BullionBuzz newsletter is out. One article by Peter Schiff talks about the Dow and gold. Here is an excerpt: "Last week, the Dow Jones closed above 11,000 for the first time in four-and-a-half years, leading many to predict that an all-time high is imminent. Schiff advises against succumbing to the hype. Six years' worth of inflation has rendered any direct US dollar comparisons meaningless, he writes; for a more accurate assessment, the Index must be measured in something other than depreciating dollars, and historically the best comparison is relative to gold."  For more and other articles go here: BullionBuzz

China's economic policy and tension with the US over currency is good for the price of gold. Here is an excerpt from a Business Week article: "The precious metal may also benefit from escalating tension between the U.S. and China, according to HSBC Securities analyst James Steel. Chinese Premier Wen Jiabao yesterday rebuffed calls for the yuan to appreciate." Read more here: Gold Advances

Commodity Online has an interesting article from noted investor Jim Rogers. He still likes gold. Here is an excerpt: "Noted commodities investor and author of bestselling books like Hot Commodities and A Bull in China Jim Rogers says investors should continue to buy gold, silver and copper as governments across the world are dishing out heaps of printed currencies with declining values.

Rogers, who has been predicting that gold price would surge to $2,000 per ounce in the next 10 years, said that commodities like gold, silver, platinum and copper offer the best bet for investors because the governments are printing lots of money to help revive the global economy. According to him, printing money is not an answer to solve the economic problems that the world is caught in, but buying commodities is going to be a sure-shot strategy as sound future investment." Read more here: Jim Rogers

The latest edition of BullionBuzz is out. Among the articles is one re Congressman Ron Paul's recent comments on US spending: Here is an excerpt: "The US State Department is building a $1-billion embassy in London; the plans even include a moat! This has Congressman Paul wondering about his government’s use of funds, especially given the difficult economic times. Many are unemployed; those who are employed worry about losing their jobs as they struggle to pay bills. Meanwhile, Washington talks about increasing taxes, something voters were promised would not happen during the Obama administration.

The US should be focusing on eliminating waste and preserving public funds rather than expanding the Federal budget. Most businesses have had to cut back in order to survive; the government should do the same. The administration has committed to doubling foreign aid, a promise that is likely to be kept despite the economic crisis. Paul asked Fed Chairman Bernanke about agreements with foreign central banks, and if he had discussed bailing out Greece, which he flatly denied. However, Bernanke recently announced the Fed will be looking into Goldman Sachs’ derivative agreements with Greece. Goldman Sachs has “too big to fail” status with the Fed, so it is conceivable that any Greece-related catastrophic losses at Goldman Sachs will once again be passed on to taxpayers. Perhaps most sinister are the revelations in Robert Auerbach’s Deception and Abuse at the Fed that $5.5 billion was sent to Saddam Hussein in the 1980s – money that allowed Iraq to build up its military machine to fight Iran prior to the first Gulf War, the same machine turned against Americans within just a few years.

Bernanke says it is “bizarre” to think that Americans at the Fed could engage in this type of behavior, which some have called criminal. However, Professor Auerbach served as a banking committee investigator, and an economist at the Treasury Department and at the Fed.  His claims are solidly backed by court rulings and other evidence. “We simply must keep pressing these issues and voicing our objections if we are ever to reverse our failed policies,” writes Congressman Paul." Read the Buzz here: BullionBuzz

John Embry – Canadian gold expert talks to The Gold Report on his view of gold in 2010. The bottom line? A big rise. Here is an excerpt: "The Gold Report: John, in Investors Digest of Canada you recently said you're expecting gold to gain another 30% this year.
John Embry: I would say at least 30%. I said that I thought it would be the best year to date. We've had nine years consecutive higher year-end prices and the best year in that span for a year's return was 31%. I think this will be the year that we exceed it in this, the 10th year of the bull market.
TGR: What's driving this? Why is this year going to be the best year?
JE: I think we're getting very close to the point when a greater proportion of the public realizes the degree of difficulty that sovereign debt is in. And at that point, when you can't depend on your government paper as a safe haven, I think that fact puts gold in a much better light in more people's eyes." Read more here: Gold will rise

Investment guru Peter Schiff talks about gold and the economy in this piece in Contact.com. Here is an excerpt: "Schiff sees the U.S. economy unraveling. The debt is unsustainable, made tolerable for the moment only by interest rates kept artificially low by a meddling central bank, the Federal Reserve. He likens the government's fiscal and monetary policies to a Ponzi scheme, destined to collapse when when China and other foreign lenders finally cut off credit. "At some point, they are going to look at the U.S. and decide we can't pay it back," he said. The dollar will crash. Interest rates will rise, fueling inflation that could leave currency worthless. And that's where the gold comes in. "You have to have real money, gold and silver," Schiff said." Read more here: Bullion and Policics

This article from Wealth Bulletin quotes gold expert James Turk on gold and currencies. Here is an excerpt: "All too often, people look at the price of gold the wrong way, according to James Turk, founder of bullion dealer GoldMoney.com, talking to US journal Barron’s.

He said the price of gold rose by between 10% and 20% against the world’s mainstream currencies over the last ten years. The Swiss franc has held its ground the best, with an average loss of just 10% a year against gold. The Sri Lankan rupee has dropped in value by 20% a year. The US dollar and sterling have each lost 15% annually." Read more here: Gold & Currencies