Leland National Gold Exchange

SILVER AND GOLD TO CONTINUE THEIR STRONG UPWARD MOVE

2010-11-19T11:32:00.000-08:00

Silver continues to move upward. Steve Bilsky, our silver analyst, who has been right on the mark all year long, is of the opinion that we will see $35-$40 per ounce in the next few months and close to $50-$60 per ounce by this time next year.

Indeed even at $60 per ounce, silver would be severely under-priced, since it would still not reach the classic ratio to gold of 15:1.

As to gold, it is almost at the point that I predicted in late 2009: about $1450 by end of year.

Gold is up about 28% this year and was up about 32% this year. All of that is without QE2.

The Fed says $600B which in the real world is likely to mean $1T.

Food prices have already moved up (eggs, milk, meat and sugar are all up this year over 7%).

We will likely see $1700-$1800 this time next year.

If Israel runs out of patience with Obama (last week Netanyahu admonished the U.S. that without a threat of military action behind its sanctions, the sanctions will not work-moreover, Israel feels more emboldened with a Republican controlled House in the wake of the mid-term elections earlier this month-just look at their announcement of more housing in East Jerusalem, ignoring Obama's admonishments), and hits Iran's nuclear facilities, we could well see $3,000.

Sean Mcguire's (he runs the Texas State Teachers pension fund and just shifted $400M into gold) best seller, Hard Money, explains that gold is more under-owned (less than .6% of the world's total assets is invested in gold) than at any time in recent history. He has opined that he would not be surprised if gold reached $10,000 in the next 5 years, as more and more pension funds shift a small % of their assets into gold. He explains that most pension funds have not yet done that and if they shift just 1% into gold, $10,000 is the number that will be attained, just using the math on that 1% shift into gold.

What does this say about shifting a portion of your IRA into gold or silver? Yes, rolling over a percentage of your IRA into precious metals is the ultimate insurance policy for your assets and the ultimate formula to growing your nest egg. Mutual funds don’t come close.

If you have any additional capital you should give this serious consideration. If you have an IRA or a 401k then you will really regret not rolling over some of it into these metals.

To contact the author, email Steve Kramer at skramer@lelandgold.biz.

DEVALUATION OF THE DOLLAR IS DESTROYING YOUR IRA

2010-10-19T07:01:00.001-07:00

It is no secret that the U.S. government is intent on pushing down the value of the dollar against other currencies. One goal is to boost exports by making our products less expensive compared to competitive products manufactured in other countries. Another goal is to keep the economy from retreating into another severe recession by boosting the liquidity in the system. However, the direct result is to devalue the dollar thereby making your IRA worth less.
Another result is that the other major countries are not going to just stand idly by and watch the U.S. capture market share from them. So what are they doing? The same thing: they are pushing down the value of their currency: The European Union is doing that. China of course has been doing it for years.
Such a currency war is similar to what took place in the mid-1930’s and which caused the 2nd dip of the Great Depression. As we know, savings (we didn’t have IRA’s back then) were wiped out.
You can defend yourself against this by rolling over a portion of your IRA into gold. The price of gold traditionally moves up as the value of the dollar declines.
It is folly to keep all of your IRA eggs in a mutual fund. Just look at the numbers:

$100,000 in 1999 in the S&P 500 would be worth about $92,000 by 2009
$100,000 in 1999 in gold would be worth over $335,000 by 2009

Pretty convincing, don’t you think?

A roll-over into gold is penalty free. Maintenance is much less expensive than a mutual fund.

For questions about this blog or to reach the author, Steve Kramer, Senior Metals Specialist at Leland National Gold Exchange, Inc. email Mr. Kramer at skramer@lelandgold.biz or call him at 888-400-1849

GOLD AND SILVER IN YOUR IRA MAKES EVEN MORE SENSE NOW

2010-09-17T14:39:00.000-07:00

Gold is now serving multiple functions for astute investors who realize the folly of having all of their retirement capital in mutual funds:

1. Protects against deflation;
2. Protects against inflation;
3. Safe haven against international financial crises;
4. The only safe currency that cannot be diluted.

No one has yet to invent a printing press that can print physical gold or silver. That’s one major reason why smart investors are diversifying their IRA’s into gold and silver.

In the 6,000 years that gold has been used by humanity, it has been the one tried and true reserve.

A roll-over could not be easier. It’s tax free and penalty free.

To contact the author, Steve Kramer, Leland National Gold Exchange’s Senior Metals Specialist, call 888-400-1849 or email Steve at skramer@lelandgold.biz.

MORE EVIDENCE THAT ISRAEL WILL ATTACK IRAN

2010-09-10T14:44:00.001-07:00

As I explained in my blog a few weeks ago, the evidence is mounting that Israel will attempt a military strike on Iran’s nuclear facilities.

Now new evidence lends further support to that conclusion.

As I have mentioned, should a military strike take place, it is likely that gold will move even higher as investors look to the safest haven (gold) to put their cash. That new evidence includes:

1) This month’s issue of the Atlantic Monthly. Cover story: “Israel Is Getting Ready to Bomb Iran”- The article’s author interviewed dozens of former and current officials in the Israeli and U.S. governments and has reached that conclusion. Israel simply cannot take the risk of a second Holocaust.

2) Iranian President Ahmadinejad last week during Quds Day, an Arab event designed to focus on the goal of eliminating Israel’s control over Jerusalem, again vowed to wipe Israel off the face of the map, threatening a “final” battle to “take back” Jerusalem.

3) Israel has lined up landing rights at airports in Bulgaria and Romania for re-fueling and practice flights should they need to use that route to reach Iran.

Gold is already in a decade long bull market and with the astronomical debt that the White House has generated (over 4 trillion in just 18 months) plus the foregoing evidence of a military strike on Iran, it is likely that gold will continue to be the safe haven of choice for prudent investors.

You can reach the author Steve Kramer, at 888-400-1849 or at skramer@lelandgold.biz.

IF YOU ANSWER YES TO ANY OF THESE QUESTIONS YOU SHOULD HAVE A PORTION OF YOUR ASSETS IN GOLD

2010-09-03T13:38:00.000-07:00

1. Has your IRA lost money in the past several years and are you worried about your retirement years?
2. Have you recently lost your job or fear losing your job?
3. Have you suffered setbacks in your stock portfolio?
4. Has your mutual fund been losing money?
5. Is your portfolio concentrated solely or almost solely in stocks and mutual funds without any diversification into precious metals?
6. Are you worried that the federal government has created unsustainable debt?
7. Do you doubt that the recession (or so-called recovery) will improve any time soon?
8. Do you realize that gold is the only true safe haven in times of economic turmoil or stress?

If you have answered “yes” to any of these, then why on earth have you not put at least some portion of your assets into gold?

Ever wonder why most financial advisers and stock brokers never mention physical gold or silver?

2010-08-27T10:40:00.000-07:00

Financial advisers are usually loathe to let a client take money out of their control. In my experience, 99% of all financial advisers will do and say just about anything that they can to get a client to stay under their wing. This is something that I talk about often on our national radio show on Sunday mornings.

Two reasons why financial advisers will fight you on this:

1) It’s human nature: if they say yes, then they are implying that they have been wrong all of these years with you as a client because they never brought this to your attention. They are deathly afraid that you’ll go away thinking “if this guy is so smart why didn’t he put me into a gold roll over 10 years ago? 5 years ago?.

2) If they say “no” then they try to correct the situation by getting you into something themselves that will give them an opportunity for a kick-back (that you never know about) by sending you to one of their friends in the gold business. Even if they don’t get a kickback (ranging from a weekend at Vegas to a ticket to a Giants game, etc.), they at least keep your $ under their control.

In all my years, I would say that I can count on one hand the # of financial advisers who have let their clients go away from them for a gold IRA. With us, you deal with us directly, nothing under the table.

The White House’s Unwillingness to Cut Taxes Increases Joblessness and Drives Gold

2010-08-13T16:34:00.000-07:00

The White House’s Unwillingness to Cut Taxes Increases Joblessness and Drives Gold
An Attack on Iran is Becoming More Likely and Will Drive Gold to New Levels
People are becoming more concerned about a double-dip recession. The White House is to blame. The President does not want to cut taxes, the quickest measure to drive the economy and generate jobs. Instead he wants to raise taxes. To raise taxes in this economy is fool-hardy and a recipe for continued joblessness. Employers faced with tax increases will refuse to hire new workers. It’s that simple.
As people become more worried about a double-dip recession, they will continue to flee into the classic safe haven: gold.
As reported last week in our blog, Israel and the U.S. are both making plans for a military strike on Iran’s nuclear facilities. It is a matter of when, not if. Israel has a consistent track record of military strikes on nuclear facilities in the Middle East: Iraq 1981 and Syria 2007. Those threats pale in comparison to the threat posed by the thugs in Iran.
We see that gold is up over $100 since the start of 2010 and is likely to continue that upward march.
We continue our prediction that gold should surpass $1,400 by year end and $1800 by end of 2011.

MILITARY STRIKE ON IRAN - CHINA MOVES TO ENCOURAGE ITS CITIZENS TO MOVE INTO GOLD

2010-08-06T15:30:00.000-07:00

CHAIRMAN OF MILITARY JOINT CHIEFS OF STAFF CONFIRMS OUR PREDICTION OF A MILITARY STRIKE ON IRAN- CHINA MOVES TO ENCOURAGE ITS CITIZENS TO MOVE INTO GOLD
Well, just as we have been predicting, we now have received confirmation from none other than Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff of the U.S. Military that the U.S. is preparing for a military strike on Iran’s nuclear facilities.

1) On Sunday’s Meet the Press, August 1, Admiral Mike Mullen, the Chairman of the Joint Chiefs of Staff, stated that the U.S. is making plans in case we have to make a military strike against Iran’s nuclear facilities. I also heard yesterday from a reliable source that Israel is making preparations to strike Iran’s facilities. This was re-confirmed in the August 5 Washington Times (“Bombers, missiles could end Iran nukes Pentagon has plan for attack”
My sense is that the military has finally convinced a wobbly and weak Obama that sanctions are not going to stop Iran and that he has no other choice but to strike their nuclear facilities, unless he wants to go down in history as the U.S. president who let Iran get the nuclear bomb and see it launch a strike on NYC from an off shore vessel and see Iran wipe Israel off the face of the earth.

In addition, as you know, Israel has always made a military strike against a Middle East country that was developing nuclear weapons (Iraq in 1981 and Syria in 2007). Those facilities are not remotely as dangerous to Israel’s existence as Iran’s, so the case for an Israeli attack is even stronger today.

This is re-confirmed by recent word that Israel has secured air and landing rights in Romania and Bulgaria as well as word that Israel has already transferred fighter jets and aerial refueling tankers at those airports.

When that happens, most experts believe that gold and silver will reach significantly higher levels. I have been mentioning for several months on our radio show the likelihood of a military strike on Iran by Israel or the U.S., and now we have a top Administration official confirming it.

2) The Financial Times reported in its August 4 issue, cover story, that China just announced a policy expanding the # of banks that can exchange currency for gold, encouraging its citizens to buy gold.

All of the above points in the direction of a major move in the price of gold and silver in coming months.

MILITARY STRIKE AGAINST IRAN WILL LIKELY SEND GOLD TO NEW LEVELS

2010-07-30T09:24:00.000-07:00

Iran is hell-bent to get a nuclear bomb. Iran has repeatedly warned Israel that it will wipe Israel off the face of the map. Iran’s President Akmadenijad has spit in Obama’s “extended hand” and played our president like a Stradivarius violin, letting Obama naively try diplomacy for the 15 months of his administration, while Iran used that precious time to continue to build the bomb.
Now, last week, we hear from former Ex-CIA chief Hayden that he predicts that there will be a military attack on Iran to prevent that dictatorship from getting a nuclear bomb. He predicts that it will be the U.S. that will strike Iran within the next 12 months.
Even Akmadenijad realizes that this is likely to happen. He recently told the press that he predicts that Israel and the U.S. will try to wipe out Iran’s nuclear facilities in the next 90 days.
If that happens, you will likely see the price of gold reach levels that make the current price of approximately $1,200 pale by comparison.
Frankly, I believe that it will be Israel who will strike Iran because Obama lacks the right stuff to
do it and because of his extreme leftist ideology. I have no doubt whatsoever that Israel is preparing for
that strike as we go do to press with this blog. Israel takes its enemies at their word so when Iran says that it will try to wipe Israel off the face of the map, Israel assumes that they mean it. Hence, Israel will do to Iran what Israel did in 1981 (when gold reached its all time high) to Saddam Hussein’s nuclear facilities: bomb them to kingdom come and what Israel did to Syria’s nuclear facility in 2005: wipe it off the map.
In any event, those who realize that this will take place and how it will boost gold, will profit handsomely.

FOLLOW THE SMART MONEY AND YOU WILL FIND GOLD

2010-07-14T13:48:00.001-07:00

Some extremely smart money has found its way into gold. Examples:
• Look at what a number of major central banks have been doing recently:

o Last month, Russia’s central bank shifted $1.8 billion of its reserves out of the dollar and into gold;

o India’s central bank bought 200 metric ton of gold in November of last year (approximately $7 billion)

o Even the Iranian central bank shifted a portion of its $45B in reserves into gold;

o Northwestern Mutual Life Insurance Company bought $400 million of gold last year for the first time in its history.

o John Paulson, whose hedge fund predicted the sub-prime housing bubble, has put $250 million of his own money into gold in November of last year.

o Major European banks are buying unprecedented amounts of gold for its customers because those customers are demanding a safe haven for their savings and they simply do not trust the euro.

o BlackRock, the trillion dollar money management firm, just announced that it has started a gold ETF.

These investments reflect a tremendous amount of due diligence by these entities. They have concluded that putting a portion of one’s assets into gold makes sense.

YOUR IRA MUTUAL FUND IS LEAKING

2010-06-25T08:08:00.000-07:00

As I explained in my commentary last Sunday on our syndicated national radio program, for those who have their IRA in a mutual fund, you are likely paying an annual management fee of 1.2%-1.5%. That can really mount up over the decades to very serious depletion's from your account.

As an example, $100,000 in a mutual fund over the course of 20 years will see deductions of over $20,000.

When you combine that with the fact that gold has far out-performed the Dow over the past 10 years, it makes sense to put a % of one’s IRA into gold.

Moreover, anyone who has an IRA and does not have some portion in gold lacks proper diversification.

You can listen to our weekly commentary on our national radio show on your local station or via the internet at www.businesstalkradio.net

WHAT DO THESE GENTLEMEN KNOW THAT MOST DO NOT?

2010-06-18T16:37:00.000-07:00

Here are their names:
• John Paulson, Billionaire founder of Paulson & Co. hedge fund who earned $12B for his fund in 2008 by betting against the housing market (and pocketed $5B for himself)

• Paul Tudor Jones, Billionaire founder of Tudor Investment Corporation

• Thomas Kaplan, Billionaire founder of Tigris Financial NYC hedge fund

• David Einhorn, Founder of Greenlight Capital hedge fund who predicted the fall of Lehman Brothers

• Vladimir Putin: that democracy-loving fellow who runs Russia.

• Edward Zore, CEO of Northwestern Mutual Life Insurance Company

Answer: They have each recently invested hundreds of millions of dollars into physical gold.
Can we stipulate that they did extensive due diligence before writing their checks?
These gentlemen know this cold reality:

1. That gold is less than 60% from its all-time high adjusting for inflation, of about $2,250 per ounce.

2. That the problems at the European Union, which have caused the euro to plummet in value, will take years to correct.

3. That the Obama administration is pushing our deficit to unsustainable levels, almost 105% of GDP (Greece is at 120% of GDP).

4. That Russia recently converted $1B of its currency reserves (read, dollars) into gold.
These guys are not day-traders. They don’t play games. They don’t ask their wives for permission to buy gold.

Gold is being driven by fear of euro collapse and reckless U.S. spending

2010-06-17T08:04:00.000-07:00

It is no accident that gold has continued to move steadily upward. Just look at the fundamentals. It is a perfect storm:

• Europeans, who tend to be ahead of the curve compared to Americans when it comes to gold, are fleeing the euro. A typical European bank order for gold is 2,000 coins at a time from a major refinery such as Rand in South Africa. Last month a European bank ordered 20,000 coins. Another bank ordered 15,000 coins. Of course they buy that bullion to re-sell to their bank customers, who in turn are using their increasingly diluted Euros to buy that gold.

• The U.S. debt is approaching 105% of GDP. That ratio is appalling and shameful. Greece is at 120% of its GDP. Yes, the U.S. can continue to print currency, something that Greece cannot do. But one reaches a point where confidence of foreigners in the dollar will wane and more of them will look to a safer haven such as gold. In March, Moody’s announced that it is examining U.S. debt’s Triple A rating. Who would ever have thought that we would see that?

Is it time to consider rolling over a portion of your IRA into gold? The short answer is yes. If for no other reason than to have an “insurance policy” against the staggering debt load that the current U.S. administration has created, one should put some portion of one’s IRA into gold. Gold is not even 60% of its all-time high adjusted for inflation. It is actually under-priced in light of the world’s turbulence.

“Gold is at its boiling point.”

2010-06-16T14:36:00.000-07:00

“Gold is at its boiling point.”

“Get ready for the biggest rallies in Silver, Gold and Palladium that you’ve ever seen.”

“For precious Metals, this is only the beginning…only the beginning.”

The Main Street Money Show has quickly become one of the most popular financial radio programs in North America. Doug Mears, who hosts the show every Sunday at 10:00 a.m. Pacific Time, takes a no nonsense approach to today’s economic conditions. The show is sponsored by the Leland National Gold Exchange. Anyone interested in contacting Leland National may do so by calling 888-400-1849 or going to Leland’s website at www.lelandgold.com. The Main Street Money show is designed to educate and empower millions of Americans every week, so that they may prosper in today’s economy, particularly through diversification in to the precious metals markets. Doug Mears is known for remarkably accurate financial predictions, such as the mortgage meltdown, the demise of the dot com era, the real estate collapse and the current rally in the Gold market, which Mears states “is just the beginning of the greatest rally in Gold that we will ever witness in our lifetime.” The show is dedicated for the benefit of its listenership, and is not beholden to any political or institutional influence. With over 25 years experience in trading precious metals, Mears provides an honest and direct assessment of current market conditions, based on fundamental, historical and technical information. With the growing popularity of the show, many financial analysts and newsmakers are expressing great interest in joining Doug on his show. Anyone interested in contacting Leland National may do so by calling 888-400-1849 or going to Leland’s website at www.lelandgold.com. Part of the show’s growing popularity is due to the fact that listeners are given the chance to win free silver and gold coins by answering trivia questions that are asked doing the two hour program. “We like to make the program as informative as possible, but we like to mix in some fun trivia questions and reward callers with precious metals coins. It adds a little excitement and it allows us to show our appreciation to our listeners. And, in some cases, it helps our callers take the first step in starting their metals portfolio.” Tune in to the Main Street Money Show every Sunday on the Business Talk Radio Network through your local network or go to www.businesstalkradio.net, and listen live.