Best of the Week
Most Popular
1. Gold vs Cash in a Financial Crisis - Richard_Mills
2.Current Stock Market Rally Similarities To 1999 - Chris_Vermeulen
3.America See You On The Dark Side Of The Moon - Part2 - James_Quinn
4.Stock Market Trend Forecast Outlook for 2020 - Nadeem_Walayat
5.Who Said Stock Market Traders and Investor are Emotional Right Now? - Chris_Vermeulen
6.Gold Upswing and Lessons from Gold Tops - P_Radomski_CFA
7.Economic Tribulation is Coming, and Here is Why - Michael_Pento
8.What to Expect in Our Next Recession/Depression? - Raymond_Matison
9.The Fed Celebrates While Americans Drown in Financial Despair - John_Mauldin
10.Hi-yo Silver Away! - Richard_Mills
Last 7 days
Buying a Custom Built Gaming PC From Overclockers.co.uk - 1. Delivery and Unboxing - 17th Feb 20
BAIDU (BIDU) Illustrates Why You Should NOT Invest in Chinese Stocks - 17th Feb 20
Financial Markets News Report: February 17, 2020 - February 21, 2020 - 17th Feb 20
NVIDIA (NVDA) GPU King For AI Mega-trend Tech Stocks Investing 2020 - 17th Feb 20
Stock Market Bubble - No One Gets Out Of Here Alive! - 17th Feb 20
British Pound GBP Trend Forecast 2020 - 16th Feb 20
SAMSUNG AI Mega-trend Tech Stocks Investing 2020 - 16th Feb 20
Ignore the Polls, the Markets Have Already Told You Who Wins in 2020 - 16th Feb 20
UK Coronavirus COVID-19 Pandemic WARNING! Sheffield, Manchester, Birmingham Outbreaks Probable - 16th Feb 20
iShares Nasdaq Biotechnology ETF IBB AI Mega-trend Tech Stocks Investing 2020 - 15th Feb 20
Gold Stocks Still Stalled - 15th Feb 20
Is The Technology Stocks Sector Setting Up For A Crash? - 15th Feb 20
UK Calm Before Corona Virus Storm - Infections Forecast into End March 2020 - 15th Feb 20
The Growing Weaponization of Space - 14th Feb 20
Will the 2020s Be Good or Bad for the Gold Market? - 14th Feb 20
Predictive Modeling Suggests Gold Price Will Break Above $1650 Within 15~30 Days - 14th Feb 20
UK Coronavirus COVID-19 Infections and Deaths Trend Forecast 2020 - 14th Feb 20
Coronavirus, Powell and Gold - 14th Feb 20
How the Corona Virus is Affecting Global Stock Markets - 14th Feb 20
British Pound GBP Trend and Elliott Wave Analysis - 13th Feb 20
Owning and Driving a Land Rover Discovery Sport in 2020 - 2 YEAR Review - 13th Feb 20
Shipping Rates Plunge, Commodities and Stocks May Follow - 13th Feb 20
Powell says Fed will aggressively use QE to fight next recession - 13th Feb 20
PALLADIUM - THIS Is What a Run on the Bank for Precious Metals Looks Like… - 13th Feb 20
Bitcoin: "Is it too late to get in?" Get Answers Now - 13th Feb 20
China Coronavirus Infections Soar by 1/3rd to 60,000, Deaths Jump to 1,367 - 13th Feb 20
Crude Oil Price Action – Like a Coiled Spring Already? - 13th Feb 20
China Under Reporting Coronavirus COVID-19 Infections, Africa and South America Hidden Outbreaks - 12th Feb 20
Will USD X Decline About to Trigger Precious Metals Rally - 12th Feb 20
Copper Market is a Coiled Spring - 12th Feb 20
Dow Theory Stock Market Warning from the Utilities Index - 12th Feb 20
How to Get Virgin Media Engineers to FIX Hub 3.0 Problems and NOT BS Customers - 12th Feb 20
China Under Reporting Coronavirus COVID-19 Infections by 66% Due to Capacity Constraints - 12th Feb 20
Is Coronavirus the Black Swan That Takes Gold To-Da-Moon? - 12th Feb 20
Stock Market 2020 – A Close Look At What To Expect - 12th Feb 20
IBM AI Mega-trend Tech Stocks Investing 2020 - 11th Feb 20
The US Dollar’s Subtle Message for Gold - 11th Feb 20
What All To Do Before Opening A Bank Account For Your Business - 11th Feb 20
How and When to Enter Day Trades & Swing Trade For Maximum Gains - 11th Feb 20
The Great Stock Market Dichotomy - 11th Feb 20
Stock Market Sector Rotation Should Peak Within 60+ Days – Part II - 11th Feb 20
CoronaVirus Pandemic Stocks Bear Market Risk 2020? - Video - 11th Feb 20

Market Oracle FREE Newsletter

Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Gold Investing Expert: Bob Moriarty Goes on Record

Commodities / Gold & Silver 2009 Nov 20, 2009 - 11:17 AM GMT

By: Q1_Publishing

Commodities

Best Financial Markets Analysis ArticleWe live in a world that is totally insane. We have one US government agency buying worthless paper from another US government agency and the public nods their heads in agreement just as if it makes perfect sense.

It doesn't make any sense at all; it's like taking water from one end of a swimming pool and carrying it down to the other end and believing you are making a difference.


– Bob Moriarty, Gold is Getting Frothy

With gold busting through $1100 this month, government deficits/spending/borrowing showing no signs of slowing down anytime soon, the stock market at unsustainable highs, it’s clear to see investors are finding few places to turn.

One of the spots they have found is gold - the ultimate safe haven - as the last bastion of safety and wealth preservation.

The interest in gold is at its highest level in decades. But we’ve discussed the value and importance of precious metals in the past. Now it’s time to maximize the opportunity in gold.

That’s why I’m pleased to tell you that the Prosperity Dispatch was able to track down Bob Moriarty to get his view on the economy, gold, and where the best opportunities in the gold market are.

If you’ve never heard of Bob, I can tell you with great confidence he is one of the most well-respected gold investors and analysts in the world.

For example, convinced gold/silver were at a bottom in 2001, Bob and his wife Barbara started one of the first websites devoted to teaching readers what they need to know about investing in resource stocks. Bob and Barb now operate two resource sites, 321Gold.com and 321Energy.com where up to 100,000 people a day visit.

Knowing what it’s like to start something you know there will be little interest in (our very recent example), I’ve got a lot of respect for Bob.
But the thing is, if you’ve read Bob’s research before, you know he’s not the type of guy to sugar-coat the truth either.
In this exclusive interview, you’ll learn about:

  • The two most important reasons to own gold now (regardless of the price)
  • Why the U.S. is on track to become a third world nation
  • Where Bob is putting his money now
  • An oil technology company that can double its customers oil production
  • How the Dow could hit 20,000
  • One of the most dangerous countries on earth for you and your money!

That’s just to start. There’s a whole lot more.

Read on below for all the details.

Good investing,

Andrew Mickey
Chief Investment Strategist, Q1 Publishing

Andrew Mickey and Bob Moriarty of 321Gold.com

Andrew Mickey: In your view, what’s the top reason to own gold? What would you tell someone who never even considered buying gold before today?

Bob Moriarty: There are two reasons to buy gold.

First, gold is an insurance policy against chaos.

We live in a world where the US Marines are spending $400 a gallon for fuel in Afghanistan and using $320 million dollars in fuel a day. Merrill Lynch executives paid themselves 3.6 billion dollars in bonus money just before the company was taken over after those same executives lose $27 Billion dollars for the firm and had to be taken over. Goldman Sachs looks to be distributing about $23 billion in bonuses for the year.

A year ago they were on the ropes and were only bailed out by US taxpayers. We have privatized profit and socialized losses in the US.

One day soon the unemployed and homeless are going to get very angry. When the riots start and the banks all close, it will be a good time to own gold.

Second, gold is an investment that has no counterparty risk.

There is $600 trillion in derivatives bets, all of which have enormous counterparty risk. The world is a $60 trillion economy. $600 trillion in derivatives is insane.

In 1923 in Germany, a quarter of an ounce of gold would buy a nice home. It’s going to happen again.
 
Andrew Mickey: Over the short-term, the next few months or a year, do you see any short-term catalysts for gold?
Do you see anything like those, or worse?

Bob Moriarty: There is a giant black swan fixing to land on the pond...
Follow this Link to learn what’s going on in the short-term, a breakthrough oil technology company, where Bob’s putting his money, and more…

Good investing,

Andrew Mickey
Chief Investment Strategist, Q1 Publishing

Disclosure: Author currently holds a long position in Silvercorp Metals (SVM), physical silver, and no position in any of the other companies mentioned.

Q1 Publishing is committed to providing investors with well-researched, level-headed, no-nonsense, analysis and investment advice that will allow you to secure enduring wealth and independence.

© 2009 Copyright Q1 Publishing - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules