US dollar touches a new euro low -
Euro coins on dollar note -
The value of the dollar has been on a downward spiral -
The US dollar tumbled to yet another new low against the euro -
as speculation mounted that US interest rates would be cut -
again next week....
JPY, GBP, AUD, EUR, CAD & Gold - Afternoon Fix (Source N M Rothschild) (INDEX)
3 YEAR WEEKLY GOLD CHART COMPARED TO THE CURRENCIES BELOW -
the media Tv etc. only talks about fiatz currencies -
not allowed to compare the fiatz to the GOLD - THE ONLY REAL MONEY -
ex.
news.bbc.co.uk
Franklin Reasons to Own Gold Investments -
1. It’s super cheap. Gold is cheap, while stocks are expensive.
In January of 1980, both the Dow Industrials and the price
of gold were at the same level: 800.
Now, nearly 27 years later, the Dow is above 13,000,
and gold is above $777.7++
2. Governments will make our money worth less to pay off
their record debts.
Governments can print money to pay off their debts.
But they can’t create gold.
The supply of paper money can be infinite.
But the supply of gold is extremely limited
(they say that the entire gold production in the history
of the world could fit on the basketball court at
Madison Square Garden).
And it’s difficult to extract.
3. Precious metals do well in major international conflicts.
The price of gold was fixed during World War I and
World War II.
But silver, for example, rose by over 100% in both world wars.
Gold has risen for the duration of the War on Terrorism.
It all comes back to #2, above... governments ultimately
print money to pay for wars.
4. Gold should do well in extreme bear markets.
Silver more than doubled in value from 1932 to 1936
during the Great Depression (the price of gold was fixed
by the government).
The next long bear market was 1968-1980.
FMNJ Silver rose from around $2 in 1968 to a peak near $50 in 1980.
5. FMNJ Gold will rise during inflation... and during deflation.
Gold is good inflation protection... gold rises as the
value of the dollar falls.
But what many people don’t understand is that gold will
do even better during deflation, as the government lowers
interest rates and wildly prints money (creating inflation)
to offset that deflation... leading to substantially
higher gold prices.
6. Gold lowers risk in your investment portfolio.
In the past, gold has tended to do the opposite of stocks:
It skyrocketed in the 1970s, when stocks did horribly.
Then in the 1980s and 1990s, when stocks soared,
gold lost over half its value.
Now, in the new millennium, gold has soared while stocks
are still near their year 2000 highs.
Holding a portion of your portfolio in gold will smooth
out your portfolio fluctuations.
Gold is beautiful, rare, and easy to exchange, no matter
where you are in the world.
Paper money, on the other hand, is just paper.
Governments can print as much of it as they like.
Real interest rates are close to negative... the smart
money has already shifted from cash and into gold.
It’s time you did too -
In 2002, was how to buy gold for $250 an ounce.
Today, that investment has more than doubled... but
nobody cared back then.
Nobody was asking me about gold.
Instead, I probably lost readers for daring to write
about it -
Now, with gold hovering above $777 per ounce, people
are starting to asking me about it -
well its fiatz$777.7++ buckypeanutz -
It’s a small sign, but the fact that people are showing
interest for the first time in two decades tells me
this bull market is building steam and getting ready
to move much higher....
Gold and silver rose after a drop in the dollar against
the euro and soaring energy costs sparked demand for
the precious metals as an investment.
The price of gold has gained 21 percent this year,
reaching the highest in 27 years,
its only a new bull start -
The PM metal gained 23 percent last year when
the dollar dropped 10 percent against the euro.
Franklin Mining, Inc. and GDR Privée Schedule Site-Visits to
South American GTL Projects -
Oct 25, 2007
Franklin Mining, Inc. -
(PINKSHEETS: FMNJ) CEO, William A. Petty, and Gregoire de
Rothschild, principal, GDR Privée, are pleased to announce
that several lenders have requested permission to visit
planned construction sites for Franklin's first
two gas-to-liquid plants in South America.
Mr. Petty, Mr. Rothschild and representatives of several
lenders are scheduled to arrive in Santa Cruz, Bolivia
on November 9, 2007 and travel to Buenos Aries, Argentina
on November 13.
In each city, local project managers and engineers will
present multiple energy projects and tour sites selected
for constructing GTL plants.
Prospective lenders will also have an opportunity to meet
with local civil and political leaders.
GDR Privée, a New York investment bank specializing in debt
and asset based financing, has negotiated preliminary terms
and conditions for the provision of construction financing
to each of Franklin Mining's two oil and gas -
subsidiary companies.
In making today's announcement, Mr. Petty added,
"Franklin very much appreciates the support of
Mr. de Rothschild and his work on our behalf with
GDR Privée's domestic and international banking
relationships.
My goal is to identify the best possible solution to the
problem of financing our energy projects in South America.
Franklin's two oil and gas subsidiaries have done a great job
of securing the opportunities and Mr. de Rothschild and I
are exploring all options for bringing them to fruition."
About GDR Privée: In March 2007, Franklin Mining, Inc.
announced an agreement with GDR Privée to assist in
securing project financing for mining and energy agreements
in Bolivia and an energy contract in Argentina.
Additional company information is available by contacting
GDR Privée,
16 W. 45th Street, 2nd Floor,
New York, NY 10036,
(212) 382-3240.
About Franklin Mining, Inc:
Franklin Mining, Inc. has mining and energy interests in
the United States and Bolivia as well as energy interests
in Argentina.
Franklin Mining, Bolivia S.A. is a wholly owned subsidiary.
Franklin Mining, Inc. holds 51% ownership in both
Franklin Oil & Gas, Bolivia S.A.
and Franklin Oil & Gas, Argentina S.A.
Additional company information is available at
www.franklinmining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information,
please visit our website
franklinmining.com
or contact our Investor Relations firm:
A. Austin & Company
1-702-386-5379
Source: Marketwire (October 25, 2007 - 8:40 AM EDT)
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Tia. imo.
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