Markets Moving Our Way. China and UN Warn On Dollar …

by Larry Edelson on March 26, 2009 at 8:30 am

The markets are following my forecasts, to the tee. Moreover, China and the UN are now warning that the U.S. dollar needs to be replaced as the world’s reserve currency.

Best,

Larry





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Related posts:

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  4. Markets Back In Action!
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{ 14 comments… read them below or add one }

Clive Nayler March 26, 2009 at 8:54 am

Always good to hear from you guys.

I am sure I am not the only one concerned with cash holdings in any currency at the moment given devaluations due but trying to balalnce the ‘keeping cash for the big fall in property and stock prices’ v ‘being invested in real assets’ is conflicting emotionally – can you comment?

John Lyssikatos March 26, 2009 at 9:23 am

Hello Larry,

I’ve been a subscriber to your Real Wealth Report for a number of years. I have followed some of your gold recommendations and made significant profits – thanks you !

However, I am concerned about the safety and integrity of the GLD ETF for the following reasons:

1) If the GLD ETF now holds more gold than Switzerland – how can I as an investor be sure that their inventories actually have in their physical posession what their books say they have? I’m not just talking about intentional fraud by the GLD ETF (which of course is very possible) but also simple theft of these inventories. This is a HUGE temptation for a lot of unscrupulous people to target. What would happen if we found out a significant portion of gold had been stolen from the GLD inventories?

2) When I browsed through the SLV ETF prospectus, I got the impression that there were a small number of majority investors who could close the fund at their discretion. IF I read correctly, is their a similar risk in the GLD ETF? And for both of these ETFs, if such an action was performed, what happens to my money?

Thank you. I truly appreciate all your work not only for the Real Wealth Report but also Money and Markets and Uncommon Wisdom.

John Lyssikatos

Pete March 26, 2009 at 10:06 am

Kindly comment on SILVER. Silver is less plentiful than GOLD

Lars Solberg March 26, 2009 at 11:32 am

Hi Larry,

I live in Norway, Europe, and use a US. broker for the availability and deep discount to the TSX and OTO exchanges.
I chose to assume that the US. dollar will decline in value, against other currencies in the medium to the long run…

Would a Canadian, or a European broker, be a better place to invest and trade from, regarding a possible devaluation of the US. dollar?

I highly appreciate your view on the economic situation.

Lars Solberg

Neil Gillespie March 26, 2009 at 11:44 am

In this “change the reserve currency” operation, 1) Is govt edict banning gold-holding likely, or at least possible? 2) and should that come to pass, what effect of it do you see for the holder?

Neil Gillespie

Judi Beck March 26, 2009 at 12:12 pm

Thank you for the insight. I was forwarded your webcast by my friend, Frank MacCauley and would like to continue to receive them if possible. Thank you again.

Jody V March 26, 2009 at 12:50 pm

I wish you could leverage you tube for your videos instead of this system. I use my iPhone for viewing items that are forbidden while at work. It’s awesome Except when you guys publish videos which I can’t access duri g the day. Great writing! Thanks for your reports! Real Wealth subscriber

Arthur Brennen March 27, 2009 at 1:26 am

Hi Larry,
I am a resident of Australia, so what can you suggest in the light of this video for investors “down under”
Regards
Arthur

Arthur Brennen March 27, 2009 at 1:29 am

Hi Larry

I am a resident of Australia, so what can you suggest for us going forward in the light of this video

Regards
Arthur

Ryan March 27, 2009 at 3:41 am

Good video. Thanks for sharing.

howard March 27, 2009 at 5:54 am

Larry,
It sure is disappointing not to be able to view your video. Give us a read -out?
Howard

Adeel Sami March 27, 2009 at 12:14 pm

This is really good to hear your thoughts and recommendations, Larry ..
Am so unfortunate that i’m not able to see your videos as I use internet via my mobile and my hand set doesn’t support video formats ..
Please, kindly post the transcript of every video, if possible ..
Thanks alot for keeping us updated with the happenings ..

L D Hagen March 28, 2009 at 6:01 pm

About “one world currency,” I pray you are wrong. As free economic markets are preferable to cental government control, so are individual free monetary systems in individual free countries. Let that country’s currency prevail, which has the soundest economic policies, usually meaning the greatest economic freedom. We have then a free competion between countries. Excellent!
Our current problem has been a problem of the conspiracy between Congress and the Federal Reserve generating too much credit/debt. And yes, all that credit/debt found creative outlets. The real responsibility is with Congress which created the Federal Reserve, and through legislation has control over its operation. Congress encouraged the creation of more credit/debt so that Members could spend more to satisfy both their popular base and special interests. Thus staying in office.
The Euro is a unified currency. As an example…no thank you. With a “one world currency,” you can kiss many more of our few remaining freedoms Adios!

Angel Baloa April 21, 2009 at 12:09 pm

Hi Larry I hope you have a greate vacation. I been investing in Gold coins ( Bullion gold eagle) my question is what did you recomend between 31933 gold coin and the bullion to secure iinvestment.

Tanks Angel

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