BREAKING : Bitcoin beats Gold price for first time 03 Mar 17

 Discussing the news that the price for one Bitcoin, has breached the price for one ounce of gold. But showing how everyone is clueless, tries to frighten people that Bitcoin is unregulated (good - as you can't print it into oblivion like the criminal central banks are doing to their currencies), and "Bitcoin is untraceable" (Bitcoin is traceable). Richard Dunbar from Aberdeen Asset Management discusses.

Recorded from BBC News Channel HD, BBC Business Live, 03 March 2017.


















The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Bitcoin vs Gold, Manufacturing and Seed Germination

Put away money that you didn't spend and where do you put it?
There are many risky places, but where is money safe?
Keep it at home or in a bank?
Where will it grow, fastest?
Should we buy gold?
When you start asking questions, there seem to be more questions than answers which are clear to all
Defining money and currency, government and capital is what this video is all about
You can't have any kind of capital, money or currency in isolation
It's always tied to fiat and government and these enable some to take what you have, so before you invest, know what's going on and have a clear definition of all the terms that are involved!

Peter Schiff - Gold Continuing to Outperform Stock Market

Stocks are down for the year. I wonder how long the dow 20,000 buzz can go on now they are faking a recovery properly now..... ..and the GDP number exceeds expectations at 4.0%! With the dollar surging to a 6-month high at 81.50! And the Fed successfully tapers down to $25B/month! Go Yellen! 





By CNBC's logic Peter Schiff sounded like a broken record when talking about the tech bubble, and then he sounded like a broken record when talking about the housing bubble, and now he sounds like a broken record when talking about the dollar and gold. Well if the course hasn't changed then why say its the same old story? If gold hasn't peak then wouldn't he be stupid to say something different? Whats better, getting 13 years correct out of 14, or getting 1 year correct out of 14??? I know which side id rather be on.

Jim Rickards on Bitcoin, Gold, and Fed Printing Money, QE

Jim Rickards is a counselor, investment banker and risk manager with over thirty years’ experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC, a merchant bank based in New York City, and is Senior Managing Director for Market Intelligence at Omnis, Inc., a technical, professional and scientific consulting firm located in McLean, VA. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of Currency Wars: The Making of the Next Global Crisis.

Jim Sinclair: Gold Will be $50,000 per Ounce, Gold Confiscation, Dollar Gets Hammered and More

According to Jim Sinclair of JSMineset.com, by 2016, "Gold will be $3,200 to $3,500 an ounce." By 2020,

Sinclair predicts, "Emancipated gold will be $50,000 per ounce." As far as gold confiscation goes, Sinclair says that Its not going to happen, but a windfall tax could definitely be in the cards. Join Greg Hunter as he goes One-on-One with renowned gold expert Jim Sinclair.

Harry Dent : Has Gold Lost Its Luster ?

Harry Dent explains how gold behaves in the crisis and where the precious metal may be heading next.



Harry S. Dent, Jr. is the Founder and President of the H. S. Dent Foundation, whose mission is “Helping People Understand Change”. Using exciting new research developed from years of hands-on business experience, Mr. Dent offers a refreshingly positive and understandable view of the future. Mr. Dent is a well-known author and is known as the developer of The Dent Method, a forecasting approach based on changes in demographic trends.

In his book The Great Boom Ahead, published in 1992, Mr. Dent stood virtually alone in accurately forecasting the unanticipated “Boom” of the 1990s. Today he continues to educate audiences about his predictions for the next and possibly last great bull market, from late 2005 into early to mid 2010. Since 1992 he has authored two consecutive best sellers The Roaring 2000s and The Roaring 2000s Investor (Simon and Schuster). In his latest book, The Next Great Bubble Boom, he offers a comprehensive forecast for the next two decades and explains how fundamental trends suggest strong growth ahead, followed by a longer-term economic contraction. Mr. Dent also publishes the HS Dent Forecast newsletter, which offers current analysis of economic, and financial market trends. Mr. Dent received his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. Since 1988 he has been speaking to executives, financial advisors and investors around the world. He has appeared on “Good Morning America”, PBS, CNBC, CNN/FN, and has been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, US News and World Report, Business Week, The Wall Street Journal, American Demographics and Omni. While at Bain & Company he worked as a consultant with several Fortune 100 companies. He has also been CEO of several entrepreneurial growth companies and an investor in new ventures. A frequent speaker on economic trends, Mr. Dent educates clients and partners on The Dent Method and provides strategic vision for asset allocation and investment selection.

PETER SCHIFF ~ Gold Surge Just Starting

Peter Schiff on CNBC/Yahoo! Finance (10/22/2013) Listen to The Peter Schiff Show Live Weekdays 10am to noon ET

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

Exclusive Interview with Ron Paul: gold, dollar, debt ceiling and the Fed

 Courtesy of The Birch Gold Group Click here to listen to the interview : http://www.birchgold.com/ron-paul-interview-gold-dollar-debt-fed/

In this exclusive interview with Birch Gold Group, former Congressman Ron Paul shares his opinions on a number of topics, including investing in physical gold and silver, the future of the U.S. dollar and the role of the Federal Reserve. Read the full transcript below, or listen to the recorded version located below

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Rachel Mills for Birch Gold Group (BGG): This is Rachel Mills for Birch Gold Group. I am speaking with Ron Paul today. How are you, Ron Paul?
Ron Paul (RP): I am doing very well. Nice to talk to you Rachel.
BGG: It’s good to talk to you again, and by the way of information for Birch’s audience, I was your last press secretary on Capitol Hill in Congress and I worked for you for the 5 years. So I may be cheating a little bit because a lot of your answers to my questions I maybe have a pretty good guess at what you might say.
RP: Okay!
BGG: But, just really quick – today with you I’d like to go over several things. But I’d like to ask your opinion on things like Janet Yellen as the next Fed Chair, about debt ceiling and shutdown issues. I want to get into, briefly, if you are still a buyer of gold even though it is so “expensive”. But first I wanted to introduce Birch Gold’s listeners to your background a little bit because I think it’s fascinating. In 1971, Nixon closed the gold window which led to the end of the Bretton Woods agreement. That was very important event for you, I know for sure, because you knew at the time that it would eventually destroy the currency, which we are still experiencing. And you said that that was what got you into politics to begin with. Had you been reading Austrian economists before that?
RP: Yes, for a good while. As a matter of fact, it was 1971, there was confirmation of the Austrian economic writers who had been predicting that would happen as early as Henry Hazlitt said when the IMF was set up in 1945. He said it wouldn’t work and Bretton Woods would break down. And by the 50′s and the 60′s people were rejecting it and it was so artificial and it was fragile. So people did know that it was coming, and mainly it was coming because the governments pretended that the dollar would be as good as gold at $35 an ounce forever, yet they kept printing dollars and it was pretty simple logic to figure out there’ll be a limit. The governments worked real hard to convince the people that there was no problem, that the dollar would always be valued at $35 an ounce.
But finally the market overwhelmed. The politicians and Congresses, and Central Banks can manipulate things for a while but eventually if they are out of sync with the market, the market will overwhelm. And even if the government won’t permit it legally to do it, it just drives the whole system into the underground economy. So fixed exchange rates and different things don’t work, they just hide the fact. But in 1971, it was confirmation that everything that the Austrians were saying as far back as the beginning of the Bretton Woods, that was true. And of course we’ve been suffering the consequences from that ever since.
BGG: Yeah and I’ve heard people argue that the dollar is doing well against other currencies. But I know for Austrians and for people who understand gold, like you and me, that’s not much solace because it’s all on a race to the bottom.
RP: Right and the ultimate measure of the value of the currency is what it purchases, so gold is a good indicator long term, I don’t think it’s a good indicator short term, because there are a lot of factors, just like in the 50′s and 60′s, they were able to hold gold at $35 an ounce when it should have been $235 an ounce! But anyway, overall in the long term it’s what the dollar will purchase. And even though our government tells us today there is no inflation, they are trying to get prices to rise at at least 2% a year, yet there are some things in our economy, the prices are soaring: the price of a bond, the price of education, the price of medical care – all of these things are going up.
So there is a lot of price inflation, but that’s the ultimate tests. You can measure one currency against another, gold is a long-term indicator. But if none of the prices were affected by printing money, it would be no big deal. But they are and of course the major problem is not only the price increases, it’s the malinvestment, the overinvestment, the bubbles that form and the corrections that have to come. That’s where the real problem is, in addition to the cost of living going up and hurting the poor and the middle class, much more so than it will the wealthy.
BGG: Right, which leads nicely to Janet Yellen as the next Fed Chair, as recently has been announced. What do you think of Janet Yellen? Do you think she’s going to solve all our problems?
RP: No, she’ll make them worse. She’s inherited a mess, although she was a participant in the mess and she always argued for more inflation. One thing I find a little bit interesting is that she has a reputation for transparency. She wants to tell the markets exactly what their decisions are early on and let the markets know what they are doing. But if it comes true transparency, like allowing an audit of the Federal Reserve, and letting us know who they bail out and when they bail out and what they did in ’09 with their trillions of dollars, and all the international transactions, there’s no way that’s going to be permissible. Because that’s where all the power and control is accomplished, it’s behind the scenes with the Fed on international transactions.

“The longer [Quantitative Easing] lasts, the worse the correction will be when eventually people give up on our dollar and give up on our debt.”

But if anything, she takes a position, not only did she endorse what Bernanke was doing, she was always much more dovish on trying to prevent prices from going up and having, you know, price inflation. She was arguing the case for even more, so the odds of her having the guts or the wisdom to start backing off the purchase of debt, it’s slim to none. So that will certainly continue and it’s still working on the surface. The longer it lasts, the worse the correction will be when eventually people give up on our dollar and give up on our debt.
BGG: So do you think Larry Summers would have been any better? He was rumored to be Obama’s preferred choice. What do you think?
RP: No, the policies wouldn’t be all that different, even if he had been slightly more reserved in credit creation. He was also a person that would… there is a subjective factor in markets too – and he would have added as another subjective factor because people didn’t like him. And he might be just, you know, annoying the marketplaces because that is a factor, they might trust him less. But overall they’re very much the same – both of them. Anybody who can even be considered to be Chairman of the Federal Reserve will be an endorser of Keynesian economics, that the lender of last resort is crucial for the banks and all the currencies and Central Banks of the world.
And they believe, though of course, the most important role for the Fed – and Congress never talks about it, but they secretly acknowledge it – without the Fed, who would buy the debt? And if somebody didn’t buy the debt, interest rates would soar. So even this big talk about all the arguments in Washington on the issues of war and spending and welfare and debt, they’re in total agreement with each other, and they all support the Fed’s role in being not only the lender but the printer of the last resort. Print what you need… but just common sense tells you that this can’t last.

“Since they will not work out of [Quantitative Easing] gracefully and deliberately, we will probably go on to having a major crash of the dollar.”

BGG: Who would’ve you picked?
RP: I would’ve picked nobody. I don’t think we should have a Fed, so I wouldn’t pick a Chairman. But even though in the Presidential campaign when they pushed me – “well, you’ll have to pick someone to unwind it” or something like that – I always threw out Jim Grant’s name. Because I’ve known him, he’s an Austrian economist, he knows that monetizing the debt is bad and if they were trying to work on a transition, somebody like that, you know, would move us in the right direction. But he wouldn’t last either because if he decided right now to only buy $75 billion worth of government debt per month, the markets would crash probably and then they would want to throw him out. So it’s a system that is very friable and unworkable and since they will not work out of it gracefully and deliberately, you know, we will probably go on to having a major crash of the dollar – that’s what I see happening.
BGG: Yeah, scary. Moving on, I wanted to ask you about the debt ceiling. We are up against the debt ceiling again, as we always find ourselves every few months it seems. And so, we’ve had an impending crisis if they don’t raise the debt ceiling, which everyone expects they will find a way to raise it. But then, before you know it, we will be right up against it again. So what is the point of the debt ceiling anymore?
RP: Well, it was intended to restrain government but some people don’t even like it, they want to get rid of it, just so the government never has to be hesitant in spending as much as they want. But you’re right: Once they raise it, they just go back to doing the same thing. The debt ceiling isn’t as necessary – this October 17th day isn’t as crucial as they pretend, because that’s an arbitrary date. They could have picked the 16th or the 20th or any date they wanted.
Besides, the national debt hasn’t moved since May because they’re always taking money elsewhere and spending it and paying all the bills. So they can continue to do that for a week or a month or a year if they really wanted to. Just pay the bills as the money comes in and they could always pay the interest rates. And the other thing… if, say, we were in charge and we wanted to change things to work our way out of it and we wanted to deal with this national debt, just eliminate the debt we owe to the Federal Reserve. We pay a lot of interest to the Federal Reserve and they turn this money and they use this money for all kinds of things, so I would just wipe that debt off the books. But if we did that today, that means they would have a lot of room for more debt – that would lower the national debt by $2 trillion.
BGG: Yeah but it wouldn’t solve the spending problems…
RP: This government would spend more money if we got this freebie! But I would only think that would be worthwhile thinking about it is, you know, to tide this over and work our way out of it. But when the reforms are necessary when a crash comes and if we have to pay off the debt, you don’t have to pay the debt to the Federal Reserve if you are going to eliminate it or restore confidence and quit printing and quit monetizing debt – you could eliminate that. There is no moral obligation, there is really no legal obligation either because the institution isn’t even constitutional, you know…
BGG: …institution to begin with, yeah. It seems like debt ceiling, the only purpose anymore is just to create an artificial crisis which Washington seems to thrive on.
RP: Yeah they do and then they argue which authoritarian is going to run they show. And they don’t argue over the issue, it’s just the matter of which one, and then they are always talking about compromise, but they’re never talking about compromise between two authoritarians who want to manage the economy in different ways. They always want those who believe in limited government, the Constitution and freedom to give up so much of it, and then they call it, you know, a “good” thing to sacrifice liberty for the benefit of the authoritarians. But the authoritarians are in charge and I don’t think that people who don’t believe in that system should yield anything.
I think that we all should stick to our guns and say that the rule of law is important, our privacy is important, our First Amendment is important, the way we go to war is important, and never give in. But right now these battles that we have when it comes down to shutting down government as a political stunt or the debt limit, it’s another stunt for the two variations of compulsion, you know, by government. They’re fighting over who has the power. And I think the American people are sick and tired of it, and rightfully so, but I don’t think they fully understand that it’s actually where the divisions are. They keep thinking that, you know, if those of us who believed in limited government would just give in and say, “Okay, go ahead and increase the national debt instead of by $1 trillion, increase it by $500 billion and worry about it next week”, and that’s supposed to be a good type of compromise. It solves nothing and makes our problems worse.

“I would think people who are in it for the long term, it looks to me like this would be a very good time to buy gold.”

BGG: Yeah, and that’s why I appreciate Birch Gold trying to educate people and win on that front, I know it’s important to you. But I wanted to ask you: Are you still a buyer of gold? It has gotten so “expensive”, some people even say there is a gold bubble. Is it possible for gold to be in a bubble?
RP: Well, it can get out of whack, people can buy… right now, of course gold is in a bit of a correction. So it’s different than a bubble that occurs when the interest rates are very low in the dollar system and then people overdo things and they overbuy. But markets aren’t always smooth, and the gold market isn’t smooth, so it goes up, it might go up too much, and at times too fast and then it makes a correction because the traders are in there and they have all kinds of motivation. If people look at it long-term, you know, from when the Fed started when it was $20 an ounce up to the time it went up $1,900 an ounce, you know, that’s more of the trend. Of course now it’s down. Instead of people arguing that it’s too “expensive”, I would think people who are in it for the long term, it looks to me like this would be a very good time to buy.
BGG: I would think so.
RP: So some people might say, “Oh well no, it’s too expensive, because it used to be $1,000 or $500 and I’ll wait for that.” No, I think this is a good time. I personally don’t get too much involved because I bought my insurance a few years ago at a different price. I look at gold as insurance and others will, you know, others might be just at a time where they can start buying their insurance against the dollar fiasco, and I would say this is as good time as any.
BGG: Yeah, I have a family member, I won’t get too specific who, but a family member who is inquiring about gold. It’s interesting to me because this person is not someone who is typically into economics and the things that I talk about. But now she’s looking around and getting a little bit nervous and thinking that gold might be a good investment, but wondering if it’s too late to jump in. So…
RP: Certainly if they thought it was too late that means that they must trust the government to balance the budget, and trust the Fed not to print any more money and that you’ll never see prices going up. And most people don’t buy into the government’s argument that the cost of living isn’t going up. People on fixed incomes… and this is one thing that conservatives and libertarians don’t give much credibility to, because we don’t like the setting of wages, you know, and pushing up minimum wages with the law… but the truth is, the cost of living has gone up much faster than the minimum wage.
But that’s characteristic: Cost of living goes up much faster than Social Security benefits. But the fault there is the currency, not the fault of laws not matching up with the system and compelling businesspeople to pay a certain amount. But no, I think the cost of living – which isn’t inflation in the ordinary sense – is very, very serious and that’s why people are saying, “I need more money, send me more money on my Social Security check” or “Send me more money by another law, the minimum wage law.” And this misses the point because it really is the nature of money and deficits and what the Fed does.
BGG: Right. Well, how is retirement treating you? Are you retired?
RP: Not really. I’m retired from Congress and that is good. Not that I didn’t enjoy working there with my staff but…
BGG: You have to say that!
RP: I’m just glad I’m not going back and forth on airplanes, on John Boehner’s schedule. But I have a lot of activities going on: I’m working hard on homeschooling, I have a curriculum on homeschooling, which I like, and the Internet programming, I do some radio broadcasting and write a book now and then, so I’m very happy with my schedule.
BGG: Yeah, I’ve looked into your homeschooling curriculum and I’m a subscriber to the Ron Paul Channel, so it’s all very exciting.
RP: Wonderful. Hey, RonPaulChannel.com.
BGG: Good! Well thank you so much for joining me today. I really enjoy talking to you. Again, my old boss, Congressman Ron Paul. Thank you so much.
RP: Thank you Rachel.

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To learn more about Birch Gold Group and how to protect your savings with an investment in physical precious metals, visit our homepage at www.birchgold.com.

BENJAMIN FULFORD : Gold is just a yellow metal that you cannot eat, September 23, 2013

Ben Fulford: Gold is just a yellow metal that you cannot eat, September 23, 2013

Ben Fulford, The New World Order has been defeated but the Old World Order is still fighting In a massive story where truth becomes stranger than fiction, a huge coverup of global proportions has been verified as fact, with terms and names that would be recognized by most conspiracy theorists.So is the latest news that Fulford was kidnapped by the CIA recently, true too? Is he still missing? How bizarre..

.We are all being SET up !!! TRUST no man Benjamin Fulford had a interview with David Rockefeller . You cant have a interview with David Rockefeller if you're not a insider

Peter Schiff Bullish on Gold - Gold Will Reach New Highs - Peter Schiff Gold

Peter Schiff believes the market continues to find its way around obstacles large and small, the CEO of Euro Pacific Capital continues to predict a wave of oncoming crises.

"It's a monetary problem we have. We have a dollar crisis coming, a bond market collapse coming," Schiff said on Thursday's "Futures Now."

He believes that debt will force the U.S. to print a great deal of money, causing a nightmare scenario for the U.S. dollar and the bond market. That's why he advises getting into gold.

After all, if the government prints more money, then the value of each dollar will drop. That means that it will take more of those dollars to buy a single bar of gold.

So with bond and dollar crises looming, "Gold is going to be a safe haven for all of that," Schiff said. "The fundamentals are fantastic."

Fort Knox : Where is All the Gold ~ Stuff They Don't Want You To Know

When did the U.S. leave the gold standard? Was it always on the gold standard before? Join Ben and Matt as they explore this history of the gold standard in the United States, from 1792 to the 1970s. Join Ben and Matt to learn the Stuff They Don't Want You To Know about everything from ancient history to UFOs, government secrets, and the future of civilization. New videos every Monday, Wednesday and Friday.

India Gold Import Restrictions resulted in More Imports not Less

For the last few months, the RBI and the government have been consistently putting up barriers to slow the flood of gold imports into the country. However, Bloomberg TV India learns that the gold clampdown is pretty ineffective, as the rules allow for gold to be round-tripped and brought back in even greater volumes. This has also resulted in some dramatic consequences in India's neighbouring countries, with quite a few acting to curb the gold movement within their jurisdictions as well.

The Secret World of Gold (Full Documentary)

The Secret World of Gold



The Secret World of Gold is a documentary exploring the power and politics of gold, a precious metal with more allure and fascination than any other.  Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold.
To finance the Third Reich, the Nazis went after the gold of Europe. Allied countries stored their gold offshore to keep it safe. In the first months of the Second World War, the gold of England and France was secretly shipped to vaults in Montreal, Ottawa and New York.
Those ships made it safely to port, but throughout history, many were not so lucky. It is estimated that worldwide, 3 million shipwrecks loaded with treasure lie at the bottom of the ocean. Odyssey Marine, an American company listed on the NASDAQ stock exchange, spends huge amounts of money to search for that gold. But there’s always the risk they will have to hand it over to countries claiming ownership.

Gold Crash Comparison: 1978 vs 2013 - Will The Outcome Be The Same?

An excerpt from a news article in 1978 calling the end of the gold market after a 50% correction. Shortly after, gold rallied from $100 to $800Excerpt from article:
"Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years ago it has steadily declined, almost by half, putting the gold bugs in flight. The most recent advisory from a leading Wall Street firm suggests that the price will continue to drift downward, and may ultimately settle 40% below current levels.

The rout says a lot about consumer confidence in the worldwide recovery. The sharply reduced rates of inflation combined with resurgence of other, more economically productive investments, such as stocks, real estate, and bank savings have combined to eliminate gold's allure.

Although the American economy has reduced its rapid rate of recovery, it is still on a firm expansionary course. The fear that dominated two years ago has largely vanished, replaced by a recovery that has turned the gold speculators' dreams into a nightmare."

Is the Gold Rush Over?

Comparing Today's Gold Market to the 1970's: Is the Gold Rush Over? : - Lots of people are comparing today's gold market to the 1970's. Gold shot up to nearly $200 per ounce and crashed 9 months later to near $100 an ounce. Of course, gold had an historic rise to $850 per ounce after that wicked pull-back. Some, such as economist Nouriel Roubini, say "the gold rush is over," and the seventies are not going to repeat. The debt of today is greater by orders of magnitude from the 1970's, and there is no end in sight. That means gold has only one way to go (in the long term) and that's up.

One Ton of Gold Seized in the border between Italy and Switzerland

One Ton of Gold Seized in Small Car

April 4 (Bloomberg) -- Betty Liu reports on Italian police finding one ton of gold in a car. She speaks on Bloomberg Television's "In The Loop. (Source: Bloomberg)

What Really Happened to The Gold Market ~ Robert Ian on Goldseek Radio

Gold took a serious hit today, with prices falling well below the key, psychological level of $1500, a drop that many are calling a "game changer", at least from a technical perspective. Throughout the day, the currently volatile market took prices back above $1500 for a brief period, before dropping again. This is a golden opportunity to buy gold and silver for those who missed the train before , What does it say in the Bible-they will throw their gold into the streets! These market manipulators are crazy! If Silver drops any lower there will be no silver or even gold left to buy. People could just buy for the sake of it especially If something like "Precious" metals is that cheap. I can see the Chinese and Indians are going to go on a massive shopping spree

Who Killed The Gold ? ~ Draghi Behind The Gold Sell-Off ?

ECB & Draghi's Cyprus Comments to Blame for Gold Sell-Off

Who's to blame for Friday's huge gold sell-off? Well, the European Central Bank President Mario Draghi of course! According to Vince Lanci, Draghi directed comments at Cyprus during a press conference earlier today, and his message was quite clear: sell your gold, or you won't see any of that bailout/ rescue money. We navigate through today's chaotic price movements and take a look at where gold may possibly go from here, all on this edition of "RESET" w/ Vince Lanci (FMX Connect/ Cameron Hanover). Kitco News, April 12, 2013.

BREAKING NEWS: Gold Plunges Below $1500 Psychological Level

Gold Plunges: Is Now a Buying Opportunity?

April 12 (Bloomberg) -- Optionship Chief Market Strategist, Alan Knuckman and Jeff Sica, President of Sica Wealth Management, discuss the decline in gold prices and subsequent outlook. They speak on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

Gold took a serious hit today, with prices falling well below the key, psychological level of $1500, a drop that many are calling a "game changer", at least from a technical perspective. Throughout the day, the currently volatile market took prices back above $1500 for a brief period, before dropping again. Daniela Cambone caught up with Bill Baruch, Senior Market Strategist at iiTrader, to discuss today's price movements and the generally volatile state of the gold market. Kitco News, April 12, 2013. Here's a breakdown of our coverage of gold's wild ride throughout the day: BREAKING: Comex Gold Futures Fall Below $1,500/Oz On Heavy Stop-Loss Selling, Long Liquidation ▸

The Great Gold vs Bitcoin Debate: Casey vs Matonis

Doug Casey of Casey Research (www.caseyresearch.com/) debates e-money researcher (themonetaryfuture.blogspot.co.uk/) and "crypto economist" Jon Matonis on the virtues -- or otherwise -- of Bitcoin, and how it compares to gold as a form of money.

Casey, a Bitcoin sceptic, notes that Bitcoin satisfies Aristotle's definition of what constitutes "good" money in all but one important aspect: that it doesn't have value in any kind of non-monetary sense, unrelated to its use as a medium of exchange. This is in contrast to precious metals, which have unique chemical properties and uses in an industrial context.

Matonis argues that this is unimportant set against Bitcoin's strengths: notably the ease of transacting in them and its decentralised nature, meaning that there is no central point of attack for its enemies (whoever they may be). He also points out that -- unlike gold -- physical confiscation of Bitcoin, a la FDR in 1933, is for obvious reasons impossible.

This podcast was recorded on 11 April 2013.