28 December 2011
SilverDoctors: APMEX Hikes Premium for 90% 'Junk' Silver $1 on Pa...
SilverDoctors: APMEX Hikes Premium for 90% 'Junk' Silver $1 on Pa...: The cartel has successfully smashed paper silver futures prices 6% lower on the day, nearly a full $2 on the day at the lows near $26.78. W...
SilverDoctors: JB Slear on Today's Gold and Silver Smash
SilverDoctors: JB Slear on Today's Gold and Silver Smash: Gold and silver delivery man JB Slear states that physical metal purchasing has picked up DRAMATICALLY with today's PM smash. Some quick t...
SilverDoctors: The Exchange Stabilization Fund & Its History
SilverDoctors: The Exchange Stabilization Fund & Its History: For those who have not yet seen it, Eric deCarbonnel of MarketSkeptics has produced a 5-part video series on the Treasury's Exchange Stabili...
Morgan Stanley to Cut 580 Jobs in New York
By BEN PROTESS
Morgan Stanley will slash 580 jobs in New York as part of a broader wave of layoffs underway at the bank, according to a public filing.
In a notice filed with the New York State Department of Labor, Morgan Stanley cited “economic” woes as the cause of the layoffs. The cuts began Dec. 15 on a “rolling” basis, according to the filing, known as a WARN notice, or Worker Adjustment and Retraining Notification.
Earlier this month, Morgan Stanley said it would cut 1,600 jobs, or 2.6 percent of its work force, by the first quarter of 2012. The bank plans to spread the round of reductions across all divisions, including investment banking and trading.
The layoffs at Morgan Stanley are the latest round of severe cutbacks on Wall Street, which has suffered a year of humbling returns and massive cost-cutting. Citigroup recently announced it would shed 4,500 jobs. Bank of America and Goldman Sachs, too, have begun carrying out major staff reductions. In June, Goldman told the New York Department of Labor that it would layoff 230 New York workers through March 2012.
Morgan Stanley will slash 580 jobs in New York as part of a broader wave of layoffs underway at the bank, according to a public filing.
In a notice filed with the New York State Department of Labor, Morgan Stanley cited “economic” woes as the cause of the layoffs. The cuts began Dec. 15 on a “rolling” basis, according to the filing, known as a WARN notice, or Worker Adjustment and Retraining Notification.
Earlier this month, Morgan Stanley said it would cut 1,600 jobs, or 2.6 percent of its work force, by the first quarter of 2012. The bank plans to spread the round of reductions across all divisions, including investment banking and trading.
The layoffs at Morgan Stanley are the latest round of severe cutbacks on Wall Street, which has suffered a year of humbling returns and massive cost-cutting. Citigroup recently announced it would shed 4,500 jobs. Bank of America and Goldman Sachs, too, have begun carrying out major staff reductions. In June, Goldman told the New York Department of Labor that it would layoff 230 New York workers through March 2012.
'Buying silver is better than buying gold'
By Daniel Vundy
Silver can be purchased as easily as Gold can, but Silver is the better purchase. Both gold and silver are precious metals that have tangible value. The benefits of each metal have much in common, but there are also differences that must be understood before making an investment.
Both metals are a storehouse of value. Regardless of what happens in the world, a person who has a portion of their wealth invested in gold and silver will have a balance in their investment portfolio. If the world's stock markets and currencies drop significantly (which is very likely happen in the near future), gold and silver will hold their value and likely increase in value offsetting losses in other areas of investment. The more uncertain you feel about the future, the higher percentage of your wealth can be transferred to these precious metals.
Currencies are beginning to lose value all around the world. Due to budget deficits of governments on every continent, and weak economic growth, the future of many of the world's largest nations are coming into question. There is no longer a safe haven to keep your wealth. This is the main reason people have purchased precious metals. They have value and are tangible. Currencies are paper. Granted they are strongly related to a nation's economic output, but in a declining economic environment that is characterized by large deficits, the long term value of the currencies questionable.
Some have tried to move their wealth into gold, but it is silver that is the better investment. All of the reasons that Gold is considered valuable apply to silver. But there are additional demands for Silver in the world. It is true that gold is worth more on the open market, and certainly it is more glamorous, but much of the value of gold is dependent upon people's perception of its value. They believe that it is valuable and this is what makes it worth money. Outside of jewelry, gold doesn't have a lot of applications. It's scarcity combines with its cosmetic appeal is a large part of what creates the value of gold.
Silver on the other hand is also a metal that is deemed attractive and is also used to make jewelry. But there are many industrial uses for it as well. Silver is an excellent conductor and is needed in a variety of high quality and high performance electronic systems. It is also in demand with photography, optics, dentistry, and many other industrial and commercial applications. There will always be a demand for silver because of its variety of uses.
Silver can be purchased as easily as Gold can, but Silver is the better purchase. Both gold and silver are precious metals that have tangible value. The benefits of each metal have much in common, but there are also differences that must be understood before making an investment.
Both metals are a storehouse of value. Regardless of what happens in the world, a person who has a portion of their wealth invested in gold and silver will have a balance in their investment portfolio. If the world's stock markets and currencies drop significantly (which is very likely happen in the near future), gold and silver will hold their value and likely increase in value offsetting losses in other areas of investment. The more uncertain you feel about the future, the higher percentage of your wealth can be transferred to these precious metals.
Currencies are beginning to lose value all around the world. Due to budget deficits of governments on every continent, and weak economic growth, the future of many of the world's largest nations are coming into question. There is no longer a safe haven to keep your wealth. This is the main reason people have purchased precious metals. They have value and are tangible. Currencies are paper. Granted they are strongly related to a nation's economic output, but in a declining economic environment that is characterized by large deficits, the long term value of the currencies questionable.
Some have tried to move their wealth into gold, but it is silver that is the better investment. All of the reasons that Gold is considered valuable apply to silver. But there are additional demands for Silver in the world. It is true that gold is worth more on the open market, and certainly it is more glamorous, but much of the value of gold is dependent upon people's perception of its value. They believe that it is valuable and this is what makes it worth money. Outside of jewelry, gold doesn't have a lot of applications. It's scarcity combines with its cosmetic appeal is a large part of what creates the value of gold.
Silver on the other hand is also a metal that is deemed attractive and is also used to make jewelry. But there are many industrial uses for it as well. Silver is an excellent conductor and is needed in a variety of high quality and high performance electronic systems. It is also in demand with photography, optics, dentistry, and many other industrial and commercial applications. There will always be a demand for silver because of its variety of uses.
UK prepares emergency measures for euro collapse to prevent an influx of people and money
- Value of the Pound could surge if euro fails
- Britain's borders could be temporarily sealed against economic refugees
- Many experts believe the 17-member currency cannot survive the coming year
- Rich individuals from Greece and Portugal are already moving money into UK
- Italian bond auctions ease fears about eurozone debt crisis and help FTSE 100 to make cautious gains
Ministers are considering draconian plans to prevent a flood of money and people heading to Britain from Europe if the ailing single currency collapses.
Experts fear that the collapse of the euro would lead to the widespread movement of both people and money – with potentially damaging consequences for Britain if left unchecked.
The Treasury has drawn up contingency plans to prevent investors shifting huge sums of cash from the Eurozone to Britain – amid fears it could lead to a surge in the value of the Pound.
The Treasury has drawn up contingency plans to prevent investors shifting huge sums of cash from the Eurozone to Britain
The Foreign Office is also working on contingency plans for the emergency evacuation of thousands of British expats and holidaymakers from stricken countries.
SilverDoctors: The Coming Financial Border Controls: Its Berlin A...
SilverDoctors: The Coming Financial Border Controls: Its Berlin A...: As nearly always, Martin Armstrong's latest is a MUST READ!! Armstrong discusses financial border controls, heavy doses of history pertinen...
SilverDoctors: Silver Now Nose Diving 4%
SilverDoctors: Silver Now Nose Diving 4%: Silver has now nose dived to 27.59 with gold also dipping to 15.73.
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