Silver and Gold Chart Technical Analysis by Mike Maloney

One way to to protect yourself against a currency crisis is to buy real assets such as Gold and Silver. If you want to time your purchase you can do so with technical analysis.

Mike Maloney, of gold-silver.com,  has done just that for his subscribers in April 2012 and he released the video to the general public today. He sees an inverted head and shoulder pattern both for Gold and Silver which is a buying opportunity. The Gold chart has also gone under its 200-day moving average, which has been a great buying signal for 7 times during the 12-year bull market.

He also advices people not to wait to getting invested in Silver and Gold, as you need to be prepared while the price is still low and the real crisis occur. Of course, he's biased since his company sells precious metals,  but I believe he's a trustworthy person.

Trade in Precious Metals with Heimerle+Meule 1 Gram Gold & Silver Bars

When there is a serious currency crisis (e.g. hyperinflation), people lose faith in the local currency, and often trade in foreign currencies and in some cases gold powder.

In the years ahead, there is a non-zero risk, that people will lose confidence in fiat currencies worldwide and find other ways to trade such as using Gold and Silver. It's quite likely governments raise tax significantly, and trading in precious metals could be a way to reduce taxes to be paid. However, the problem with 1-ounce Gold coins is that they hold too much for daily expenses and Silver coins are usually more appropriate.


But now a German company (Heimerle+Meule) starts to provide 1g gold bars (about 50 USD at current Gold price) and 1g silver bars (about 1 USD at current Silver price) that would allow to trade goods in Gold and Silver more easily. Those are sold in 50 and 100 pieces set (CombiBars) and each bar is detachable. This could be use to buy things or as gifts.

For details check the Combibar Flyer, and Heimerle+Meule website.

John Embry: Global Debt Saturation Ensures Much Higher Gold & Silver Prices

Presentation by John Embry, Chief Investment Strategist at Sprott Asset Management, at the 2012 California Resource Investment Conference.

 He explains that due to high level of debts and current policies, currency debasements are inevitable and forecasts a complete breakdown of the current monetary system in the US, in Europe, in Japan and possibly in China.  This will likely lead to Gold and Silver prices higher than the most bullish forecasts.

Related articles

• Eric Sprott: Silver will become a currency again! (silberguru.ch)
• Sprott's John Embry:"The Current Financial System Will Be Totally Destroyed" (zerohedge.com)
• Sprott launches second commodity financing in a week (business.financialpost.com)

Jim Rogers: Don't Sell Your RMB, Buy Silver Rather than Gold

Jim Rogers Interview on CNBC on the 17th of February.

He talks about currencies and commodities. He said you should buy RMB (Chinese Yuan) as often as you can, even through it's not really straightforward because it is a blocked currency.

He also told the hosts that he's very bullish on Agriculture commodities (as usual), and criticized government statistics.

Finally, when asked about Gold and Silver, he explained he would rather buy Silver than Gold beause it is still under its all-time high.

Related articles

• Why You Should Buy Silver Now (handmadesandbox.wordpress.com)
• 10 Quotes From The Always Charming Commodities Guru Jim Rogers (businessinsider.com)

John Williams: US Deficit Is Really 5 Trillions US Not 1.3

VisionVictory interviewed John Williams of Shadow Stats. 

Mr. Williams explains that if the government used Generally Accepted Accounting Principles (GAAP) like corporations do, the US deficit would actually be close to 5 trillions instead of the announced 1.3 trillions for 2011. This number includes NPV of unfunded liabilities. That's a deficit corresponding to a whooping 30% of GDP...

He also says that the loss of confidence in the US dollar has already started, you don't want to be in the US dollar and buy precious metals (Gold, Silver) or strong currencies such as the Canadian Dollar, Australian Dollar and Swiss Franc. 

Finally, he recommended people to store food, as when (not if) the financial system and the US dollar collapses there should be supply disruptions. 

There's Not Enough Silver For Everyone

Here's an eye opening video about the silver market by David Morgan. You may have heard "Everyone should own a little" when talking about Silver. As there are 700 millions ounces mined every year, it's impossible to have everyone (people with at least 60 USD to invest per year) to buy a little silver (2 ounces).

David Morgan - The Currency Crisis Continues

David Morgan of http://www.silver-investor.com is interviewed by Stellaconcepts on the 8th of September 2011.

David Morgan explains the currency crisis continues (citing the Euro crisis) and that Gold is not in a bubble.

He also gives a possible target of 5000 USD for one ounce of Gold, but as he believes it's actually the fiat currencies that go down instead of Gold going up, he prefers to see the price of Gold in terms of ratio to the stock market or silver. He except the Gold to Silver ratio to return to its historical ratio of 16.

He is very bullish on Silver because of 3 reasons:

1. There 66% less silver than during the 1980 bull market
2. Back then, it was mainly a US market and now it's a global market
3. Internet is there and allow people to quickly buy or sell

Finally, he gives his views on the Comex which he thinks will never (officially) default as there are mainly loopholes and he states that mainstream media is biased against Gold (the barbaric relic).

CHF is now effectively pegged to Euro at 1.20

In a dramatic move, the SNB has decided to put a floor on the price of the CHF vs Euro, a floor at 1.20 CHF per Euro. This is a defacto peg to the Euro as the Swiss franc is unlikely to decline and this resulted in a massive 8% move in the Swiss Franc / Euro exchange rate a massive move (probably unheard of) in the currency markets. (See chart below. Source: Yahoo Finance)


Another battle has been fought in the currency war and the Swiss Franc is no longer a safe heaven. There remains the Yen (but I wonder why) and possibly the Singapore dollar (SGD) which appreciated around 6% against the USD since the beginning of the year. Of course, there is still gold and silver which should remain the real safe heavens.

Mike Maloney: The Coming Debt Collapse and Currency Crisis

Great 90 minutes video with Mike Maloney where he shows long term investment cycles including a part explaining how a debt collapse will occur followed by massive money printing where a currency crisis will happen with the US Dollar (hyperinflation).