Thursday, February 28, 2013
Wednesday, February 27, 2013
Tuesday, February 26, 2013
Monday, February 25, 2013
Sunday, February 24, 2013
Time To Buy Silver?
The question is...Is this the right time to buy Silver?
I would argue that you should and consider buying as much as you can.
Looks like the bullion markets are poised to make a huge move to the upside.
Supply is quickly becoming tight.
Perhaps it is really time to consider getting out and getting some physical silver in your possession!
Why? All signs are pointing towards an extremely tight silver market.
The US Government and big banks like JP Morgan/Chase are working to suppress the price of gold and silver because they don't want the public to see the inflation that is raging in this country. The easiest benchmark for that inflation to be seen by the general public is the price between the dollar and the price of gold/silver.
Gold and silver, hard currencies, have been used as an exchange for goods for 3000 years around the globe. It is only recently that governments have been able to create soft, paper, fiat currencies with no real backing of anything tangible but a promise. That happened in 1971 when President Nixon took the US off of the gold standard. The world held it breath….. when nothing happened, it was…government spending off to the races!
We have been heading toward financial armageddon ever since.
Look what has already happened this year.
In January/February……2013
The silver market has become very tight.
A major German auto manufacturer - believed to be BMW - has socked away millions in silver in a swiss vault to insure that silver is available for their industrial needs. There is not enough silver in the market to be able to guarantee a just in time delivery for larger industries.
Investor demand.
The US Mint ran out of silver in January and had to stop sales. Public demand
overwhelmed their stocks. The Canadian mint also had supply issues and limited the amount each customer could purchase to control their limited supply.
Billionaire Eric Sprott of Sprott Asset management sees Gold, Silver, Platinum & Palladium as stores of value to protect you against insane deficit spending by world governments. Sprotts recent comments to CNBC on Bullion markets.
Central Banks are heavily buying Gold.
India and China have bought over 50% of the gold that is newly mined and delivered to the market over the last two years. Central Banks see something coming and are active in the market buying gold and silver. Why? Do they know something? You know they do.
Don't forget what desperate government central banks do to hang on to their fiat currencies….they go banana republic and devalue their currency 30% to 50% overnight.
If you had $ 100k in the bank it is now worth $ 50k to $ 70k. Boom! Overnight
and prices on goods rise to fill that void. So goods go up 30 to 50%. Everyone gets screwed. Don't think that will happen? Just happened in Venezuela two weeks ago. Gold and silver will hold their price and actually increase in value by the same percentage versus a currency devaluation.
Gold and Silver are relics. They have no value!
That is why Russia, China, India and dozens of other countries are buying up gold and silver. What other roads are they following?
Germany wants their gold back. So does the Netherlands, as does Ecuador and, can you believe it? Switzerland! Who's next? Only a matter of time.
You might ask yourself why so many countries are asking for their gold back from the NY Fed? Why? Because Central Banks evade the truth frequently, don't trust each other, will need it to back their governments, their future currencies and want to get in line first, rather than last, before we all find that all of the gold is gone.
New Reserve Currency - Chinese Yuan?
China is working to replace the dollar with a gold backed Yuan.They have been buying gold like crazy for the last 6 years and have been setting markets in place to make this happen. I think they will announce this as soon as they have more than 4000 tons of gold in their vaults. The future is in the East. Asia will dominate the world financial stage for the next 40 years. It is coming. Are you ready? Silver and gold are stores of value that can help you ride out the fiat currency shakeouts in the West.
Don't be fooled. This will be a painful ride. It will not just be a happy ride up.
It will be volatile. It will be up and down. If you watch metals every day you will
go crazy. I buy it, put it away and don't worry about it. Just like insurance, you
buy it because you think you might need it.
But it will offer you some safety for your money today.
A March to May 2013 time frame? Longer? Possibly. Picking a bottom or top of a market is a fools errand and is almost always wrong. But close enough can make you a lot of money. Look at the video evidence. Best insurance is physical bullion in your hands. Not ETF's. Not paper certificates. Physical.
Remember this is insurance to protect the wealth you have now!
Visit your local coin shop and get hooked up.
CNI is in Inglewood, California. Honest people.
Junk bags of silver - pre 1964 US dimes, quarters & half dollars will be your best, bottom dollar price for silver.
You can buy face value bags of $ 100.00, $250.00, $ 500.00 or $ 1,000.00
Generic silver 1 oz. rounds and 10 oz. bars are a great deal as well and are pure silver.
In California you need to purchase at least $ 1,500.00 or you will be charged cali tax on your purchase.
SIlver is VOLATILE!
You bet it is!
I am sure, as soon as I send this essay, that anyone who buys bullion on my recommendation, will see an immediate 20% price swing on whatever price they paid for their bullion. You will be challenged. You will be angry or you will be happy. Then the price will swing 20% the other way. It is a right of passage. Silver is volatile. Expect $ 5.00 a day swings to happen. Don't let it surprise you. I bought a lot of silver at $ 18.00 and watched the paper price drop to $ 11.50. You couldn't buy physical for less that $ 14.00, but that was still a $ 4.00 dollar loss I was sitting on. I followed my advice and didn't worry about the price. You can't buy an ounce of silver for less than $ 31.00 today.
Over the long haul your bullion will gain value. You know this is true as long as governments keep up their deficit spending and guaranteeing entitlements they can't pay for. When they stop doing this and get their financial house in order, sell your bullion.
There are no guarantees that this will be a winner, however all of the
evidence continues to report that fiat currencies are continually being debased with out of control deficit spending, thus ensuring metals will be a flight to safety that will hold their value and go up in value versus the dollar.
This is my opinion. I am not telling you to go out and buy bullion. I am suggesting you consider this could be the right time to invest in financial insurance. You can't consider buying bullion without realizing that there is risk here. If buying physical bullion makes you uneasy, DON'T BUY BULLION. There is always risk. To make that move is up to you. You can't rely on your broker, Mayor, Governor, President or Government to make the right choice for you. You have to make that your conscious choice. To not make that move is up to you as well. Forearmed is forewarned.
This is what I see as an event on the horizon.
To quote Mr. Barkley………….
I could be wrong, but I doubt it.
Friday, February 22, 2013
Thursday, February 21, 2013
Wednesday, February 20, 2013
Monday, February 18, 2013
Saturday, February 16, 2013
Friday, February 15, 2013
Monday, February 11, 2013
Sunday, February 10, 2013
Saturday, February 9, 2013
Friday, February 8, 2013
Wednesday, February 6, 2013
Saturday, February 2, 2013
Friday, February 1, 2013
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