Chapman: International Forecaster September, 2005 (#3) - Gold, Silver, Economy + More
http://news.goldseek.com/InternationalForecaster/1127491774.php
"Not only will physical demand continue to accelerate but gold is about to be viewed as an alternative investment. There is a gradual decay in sentiment for fiat currency investments, which is giving an important lift to gold.
Us debt has reached 320% of GDP, a level that surpasses what we saw prior to the onset of the Great Depression.
The continued 12% increases in money and credit cannot help but devalue the dollar and increase the value of gold. Unfortunately, there is no alternative currency to the dollar except gold. The rest are various forms of fiat currency".
" Kitco, Bart Kitco and Doug Casey, operate pool accounts in gold and silver. This is a derivative system that essentially puts Kitco in a short position relative to gold and silver. They accept money for gold and silver positions by investors that it may or may not have the inventory to make good on delivery should the investors decide to take metal out rather than cash out. That would make Kitco a net short to the market. Now you can understand why they are always under quoting prices. They are trading and opportuning the market".
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