Eric De Groot: PIMCO'S Gross says Fed to unveil QE3 at Jackson Ho...

Eric De Groot: PIMCO'S Gross says Fed to unveil QE3 at Jackson Ho...: "It’s denoted here as QE(n) donates for a reason. QE must continue or the social and economic consequences of a growing debt implosion will i..."

Peter Schiff - US Set to Default, Silver Headed to $200 [June 22, 2011 Kingworldnews.com]

When asked about gold and silver in that environment Schiff replied, “They’ll go straight up.  That’s why you want to buy your gold and silver before that atmosphere.”

Regarding silver specifically Schiff had this to say, “I think anything in the low $30’s represents a pretty good entry point for people to buy...Once we go through $50...I see silver going to $200 an ounce.  I own a lot of silver personally because of that outlook.”

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Silver coin sales boom as investors seek haven [June 22, 2011 - 2:32PM, SMH]

Silver-coin sales from the Perth Mint, which was founded in 1899 and processes all of the country’s bullion, have surged to a record as buyers seek to protect their wealth with the metal known as poor man’s gold.

The mint sold 10.7 million one ounce silver coins since July 1 last year, according to Sales and Marketing Director Ron Currie. That’s 66 per cent higher than the previous full fiscal year and about 10-fold more than five years earlier. Sales of one ounce gold coins will be close to a record, he said.

The soaring demand adds to signs investors are stepping up precious-metal purchases as Europe’s governments tackle a sovereign-debt crisis and central banks led by the US Federal Reserve print cash to stimulate their economies, potentially devaluing paper currencies. Cash silver, the second-best performing commodity over the past year, hit a record in April.

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“Silver’s still booming and it’s been going strongly for a year,” Currie said. “A lot of the buying is by people new to the market,” with European and US investors the most active international purchasers of the mint’s products, he said.

Read more @ ORIGINAL SOURCE

1/9 Bix Weir ~ TMRN 2011 06-17 Time Monk Radio Interviews Present: Bix Weir [June 17, 2011]

Lindsey Williams: U.S. Default, Gold & Silver and the NWO [Jun 19, 2011]