Gold and Silver Update II 091511

Submitted by: Francis Soyer

Here is something a bit fringe on what precious metals are and what is coming in the near term. Read the article below. Nuf said.

http://nymag.com/daily/intel/2011/09/donald_trump_is_now_accepting.html


Donald Trump Is Now Accepting Gold Bullion From Tenants


Forty Wall Street, a Trump-owned building, has a new tenant, precious-metals dealer Apmex. Instead of handing over $176,000 worth of fiat currency for a security deposit, Apmex is giving Trump three 32-ounce bars of gold. The company is promoting its product, obviously; the Donald is promoting his own product, too. (Himself. Also obviously.) Trump (who — obviously! — declined to reveal how much gold he himself owns) told The Wall Street Journal that "The economy is bad, and Obama's not protecting the dollar at all ... If I do this, other people are going to start doing it, and maybe we'll see some changes." Obviously.

Trump's New Gold Standard [WSJ]

Gold, Silver and Oil Update 091511

Submitted by Francis Soyer:

Here are the YTD compares as of 09/15/11. The sheet here looks at performance for the S&P, Dow, physical Gold, physical Silver and Oil. In terms of the great disparity that exists between these asset classes it is not so much that Gold and Silver have outperformed. It is more that they have held their value better than stocks in relation to dollar depreciation.

See Below: