2012年2月11日星期六

Stephen Leeb:美國政府對於黃金的絕望與恐懼

http://kingworldnews.com/

今天,史蒂芬李(Stephen Leeb)告訴金氏世界新聞(KingWorldNews),
現在美國政府對於黃金市場正在絕望和恐懼的跡象。
因為美國正在摧毀自己的貨幣 。 


Stephen Leeb是著名的基金經理,他是資本管理公司的董事長兼首席投資官。
當記者問他如何因應政府的行動,
他和周圍的夥伴都持有黃金,並且建議人們購買黃金,
“當印鈔機啟動後,有基本常識就會知道,貨幣系統正在毀滅當中“。


Stephen Leeb繼續說:
“貨幣遭到毀滅的話,沒有東西可以替代嗎?有的,這東西就叫做黃金,
人們恐慌了,美國恐慌了,大家也自動挑選黃金作為替代貨幣。
他們也害怕中國買了這麼多的黃金。
這些恐懼的訊息,就像是有人再告訴我,
他很擔心,他很絕望,不知道到底該怎麼做才好。


當記者詢問Stephen Leeb對於黃金市場的看法
Stephen Leeb回應:
“顯然柏南克還在用他的腳踩油門,對於黃金根本不需要擔心。
很明顯的中國也大量的購買黃金,黃金的前景可說是非常非常的好,
尤其是考慮到可供出售的黃金其實不多,也在漸漸減少。


目前黃金的走勢因為歐洲的狀況暫時停止,沒有人知道歐洲會演變成甚麼樣子。
特別是現在所有的目光都集中在希臘,
雖然不知道希臘打算做些甚麼,但是最後一定會導致黃金大幅上漲,
雖然過程中有可能出現2008年時的拋售黃金行為,
當時人們為了資金需求出售黃金,造成了黃金大跌,
不過最終一定會到軌道上繼續上漲。


如果碰巧有這個機會遇到大跌,你應該盡可能的購買,
如果歐洲真的開始搖搖欲墜,柏南克曾經說過,他將直接從直升機上灑錢給大家。


這場黃金遊戲你可能會遇到一點波動。
但是我們的美聯儲準備再次使用加速器。
中國正在購買更多的黃金,加上可出售的黃金持續的減少,
所以,你不必是一個天才,不需要去預測黃金能飆到多高。“ 

Jim Rogers : Gold over $2,000/oz , but not this year

Jim Rogers : "I do not think it (GOLD ) will go to $2,000 this year, no. I own it and I am not planning on selling it. It will go over $2,000 one day, but not this year," - in investmentweek

Warren Buffett Trashes Gold, But What About Silver?

“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”-Warren Buffett

In a recent Fortune article, Warren Buffett provided a glimpse into his upcoming annual shareholder letter.  Buffett used this opportunity to once again remind everyone how much he dislikes gold.  He cites gold’s limited industrial demand and places the precious metal in a category of assets that “will remain lifeless forever.”  However, there are two precious metals that are considered to be monetary safe-havens.  Sometimes referred to as gold’s little brother, silver has also acted as a hedge against uncertainty and fiat currencies.  Furthermore, its industrial use is far from being lifeless.

Buffett paints another analogy of the world’s gold stock as a useless cube that would fit within a baseball infield.  At $1,750 per ounce, this pile of gold would be worth $9.6 trillion.  He then visualizes another pile where as an equal amount, you could buy all U.S. cropland, 16 Exxon Mobils and still have $1 trillion left over for “walking-around money.”  He wonders what investor with $9.6 trillion would select the gold pile over the latter.  While Buffett’s thinking about gold is somewhat understandable, he continues to omit silver from the conversation.  Maybe Buffett is still sour from his past venture into the most conductive metal known to man?

Investor Insight: Should Investors Reconsider Cash and Gold as Safe-Havens?

Beginning in 1997, the legendary value investor reportedly purchased a whopping 130 million ounces of silver between approximately $4.50 and $6 per ounce.  According to Silver Monthly, from 1997 to 2006, Buffett’s investment fund-Berkshire Hathaway-accumulated over 37 percent of the world’s known silver supply.  At Berkshire’s annual shareholder meeting, Buffett was asked about the fund’s silver investment.  He said, “We had a lot of silver once, but we don’t have it now, and we didn’t make much on our prior holdings.  I bought early and sold early.”  Although silver trades near $30 an ounce today, Buffett sold his position near $7.50 an ounce.  There is heavy speculation as to why Buffett sold his position, but the underlying reasons for holding silver have not changed.  In fact, the reasons for building a position in silver continues to grow.

Like gold, silver offers a way for investors to hold real money.  Unlike the U.S. dollar and other fiat currencies, it can not be devalued by quantitative easing programs and other inflationary policies.  In the Fortune article, Buffett himself notes that “the dollar has fallen a staggering 86 percent since 1965…it takes no less than $7 today to buy what $1 did at that time.”  Even if precious metal critics overlook the real money component of silver, there are numerous industrial uses for silver.  Silver’s unique properties of strength, malleability, reflectivity and conductivity make it an extremely useful metal around the world.

Silver is used in everything from automobiles to alternative energy needs.  Almost all electronics are configured with silver.  According to The Silver Institute, over 36 million ounces of silver are used annually in automobiles.  Simple functions such as starting the engine or operating power windows and seats are all activated using a silver membrane switch.  Alternative energy sources also have a need for silver.  Silver paste is used in 90 percent of all crystalline silicon photovoltaic cells, which are the most common type of solar cell.  Over 100 million ounces of silver are projected to be used on these solar cells by 2015.  Buffett, who is known for driving himself everywhere and recently investing in solar energy, should be able to appreciate these uses for silver.

Silver also has a variety of medical uses, as it is used in medical appliances as an antiseptic and disinfectant.  Physicians use dressings containing silver sulfadiazine or silver nano-materials to treat external infections, because silver kills bacteria in external wounds.  Silver is even used in breathing tubes, catheters, X-ray machines and odor resistant socks.  More recently, researchers from the University of Leeds published results that showed silver compounds are as effective at killing certain cancer cells as a leading chemotherapy drug, Cisplatin.  The silver compounds were also found to have fewer side effects.

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Instead of providing investors with more colorful analogies about gold being lifeless, perhaps Buffett will shed some light on the many benefits that silver provides to everyday life.  According to data from The Silver Institute, industrial silver demand increased from 350 million ounces in 2001 to almost 500 million ounces in 2010.  This excludes the declining photography uses for silver.  As technology advances, additional uses for silver are likely to be found.