Friends and Associates: Great week so far. New members are joining daily. We have a very large group (8000) using "My Silver Club" as a fund raising tool. Two other groups are about to join us, one with 11,000 members and another with just over 100 people. Fund raising for churches, schools, private clubs, associations are powerfull and will generate a lot of activity. Try it.
The contest is on, for every 3 books that you sell through March 15, 2009, you will receive 2 ounces of silver, instead of one. Great way to load up on Silver now.
We sell e-books via the Internet and for every 3 books sold you earn silver bullion. The second part of the pay plan is the National Rounds, when you complete round one, you earn and additional ounce of silver. When you complete round two, you earn another 5 ounces of silver. Completion of Round 3, you earn 10 ounces of silver. After round three you have a choice, spend your ten ounces of silver and join the Gold Club. Or take the 10 ounces of silver and you will be out of the program. After completion of round 3, you have 9 positions working for you in the Silver Club and one position in the Gold Club. Pay close attention to the compensation plan for the Gold Club.
Study the marketing plan, watch the power point presentation, if you don't have one, see the attachment, download it to your computer, if you have a laptop, download it so you can show the people. If you don't understand it the first time, watch it again.
If you want to subscribe to silver reports and other very valuable tools to help you learn about Silver and Gold, follow the links below. Use the information on http://www.mysilverinfo.com learn what is on it, it will help you. Click on all the links so you know what it contains. You can use this site to enter your sales of e-books. Click on Earn Free Silver and it will take you right to the IGC order page, this is invaluable when you are talking on the phone with someone who may be interested, you can walk them through the site, show them live auction's on http://www.seekbullion.com, http://www.24hrgold.com We should have the power point presentation on this site in the future.
Remember for every 3 sales of e-books through March 15, 2009, you earn 2 ounces of silver. Congratulations to my wife Brenda who completed round one last week and the rest of the folks who completed round 1-2 or three. We have started a blog, which is here http://mysilverinfo.blogspot.com feel free to visit it and post your comments. If you know of further good sources of information re: Silver and Gold, post them here.
http://www.seekbullion.com/ Auction site for buying silver in bulk-100 ounces or more.
http://www.cmigs.com sign up for their newsletter and receive the daily spot prices of silver.
http://www.agorafinancial.com more information. Sign up for their Free newsletter.
http://www.silverstockreport.com Jason Hommel's site & a FREE news letter.
http://www.silver-investor.com David Morgans site, get his FREE "7 tips report"
http://www.bibleprophesy.org Jason Hommels web site. Excellent source of information
http://www.monex.com Call them and they will send you a FREE silver C.D.
http://www.austincoins.com Another great source of information! Get their FREE reports.
Before ordering silver in bulk, confirm that they have whatever you order in stock and can deliver, this company cannot deliver silver http://www.nwtmint.com they are floating peoples money-8-12 weeks for delivery????
Thanks,
Richard Graves
My Silver Club Director
One thing is for sure: precious metal prices have soared in the past few days. Those fortunate enough to have put their money into gold and silver as little as 30 days ago saw a rise of 9.64% in their yellow and a staggering 26.84% increase in the value of their white metal. Not bad considering that major indexes are about to test new lows all the way from New York to Tokyo. As reason for the decline in stocks around the world pundits frequently site the $789 Billion US stimulus package expected to pass into law in the next days. It further does not help of course, that data collected from latest company reports of banks and thrifts with assets greater than $1 Billion suggests that despite all the money poured into the system (note the ‘J’ curve about 2/3rd down) the credit deterioration continues to accelerate......Richard
ReplyDeleteHuron Pointe Yacht Club is hosting a opportunity meeting on Saturday, February 14, 2009 at 11:00 A.M. I am guessing 50 new members joined us this week. We are gaining momenteum, people want silver and gold, some can afford to buy it, everybody can earn it.
ReplyDeleteThe cost of the first e-book is $20.00, which also gives you the legal rights to re sell the book and the opportunity to earn some silver.
Huron Pointe Yacht Club
32800 South River Road
Harrison Twp., Mi. 48045
These opportunity meetings are popping up all over Michigan, learn about the opportunity and start your own meetings and go for the gold....Rich
P.S. We are going to place a large order for silver by Monday, if you would like to puchase silver in bulk, be at the meeting on Saturday with your money and we can pool it, buying in bulk may lead to a discount for now. Contacted one seller today, they wanted $19.00 per ounce and no negotations. What does that mean?
From the desk of David Morgan, today!
ReplyDelete► BACK TO DAVID'S COMMENTARY | HOME PAGE◄
CIBC - Slams Silver
CIBC -Slams Silver
By David Morgan
February 13, 2009
This week I’m going to comment on Jon Nadler’s remarks in his February 9 article titled The Silver Medalist. Jon pointed out some interesting quotes about the silver market and some of these I have issue with and some I don’t. Mostly what he did is quote CIBC Global Markets and their assessment of the silver market. And one thing that he quotes from CIBC is that in 2008 silver had risen to about $20 an ounce and lately it’s been languishing at around the $10 level; those are facts, no dispute there. And then they (CIBC) goes on to state at the first sign of a decline in gold, investors are likely to sell their silver holding but retain more of their gold holdings since gold has a superior reputation as an insurance policy, compared to silver. I really don’t have an issue with that, yet.
For one thing, in this part of the cycle, gold has certainly gotten most of the publicity and will continue to do so. Secondly, gold is almost mainstream and even Wall Street’s starting to talk about gold. Silver is not frequently discussed; it certainly is not thought of as a safe-haven asset by most investors in North America. However, that fails to recognize that there are 6.2 billion people on the planet and many of those will never hear of Jon Nadler or David Morgan or Ted Butler or any commentator for that matter, but they have eons of history where silver was a store of value. And those people, as things unwind globally, will move to the silver market, simply because gold is outside their price range.
So for now, I think the CIBC statement referred to in the first paragraph is a fairly accurate one. Certainly it’s an opinion. As far as the future is concerned, however, my opinion is a bit different because of what I see coming down the road, and that is my reason for using the word “yet,” above.
What bothers me about this CIBC article that Jon has quoted is that they believe the increase in base metals will lead to a low in silver prices because there’s going to be more and more silver as a result of base metal mining. That’s something I take some issue with for 2009 and probably well into 2010. I’ve already written an article about that; in fact I said 70 percent of silver is not coming to the market—and that was just a catch phrase so people would understand that 70 percent of the silver that does come to market is a result of base metal mining. From everything I have read and all indications I get, the amount of silver mined in 2009 as a result of base metal mining will probably be less than what it was in 2008.
Thus the CIBC article is certainly worth reading and commenting on, and I think Jon handled it very well, because basically what he’s doing is quoting what CIBC said. His look at it is somewhat similar: there has been a big ratio drop. Silver has outperformed gold from the time silver started its bull market in 2003, but depending where you draw the starting line, you can make just about any argument you want. You can also say that from 2003, which is where I think the silver bull market started, after the gold bull market began, silver has outperformed gold until recently. And since then, gold has outperformed silver based on total performance and the gold/silver ratio.
The ratio went from basically 80 to 1, down to around 50 to 1, until the credit crisis started unwinding and once that took place, the silver/gold ratio got back up—actually above 80, temporarily. Now it’s worked itself down to around 70 . . . will it continue down or up, nobody knows. I actually suspect that the ratio is not going to get real favorable toward silver, probably for the rest of the year. Not that I’m agreeing with the CIBC article, but I have to maintain my integrity in what I’ve written to my membership site, Silver-Investor.com, and have told readers of The Morgan Report—that I saw a good rally going into the early months and after that, it might be a time to build cash and look for some good values.
The amount of silver that is available for investment is so small, probably 50 million to 100 million ounces at best. That is a pitifully small market, relative to all the paper that’s flying around. And there will be a day like no other day, when someone is not going to be able to deliver silver to someone who can make some noise, and when that event takes place it will probably be pushed aside, looked at askew, and not recognized as the fact that it is. But eventually the truth will leak out, and once that happens I think more and more people will start to get much more interested in the silver market.
It is an honor to be,
David Morgan
Founder Silver-Investor.com
Mr. Morgan has followed the silver market daily for more than 30 years. Much of his Web site, www.silver-investor.com, is devoted to education about the precious metals. David Morgan believes NOW is the time for baby boomers who want to retire comfortably and without fear to start investing in precious metals. Now you can discover his Ten Rules of Silver Investing for Baby Boomers, when you sign up for his free newsletter here.
Subscribe To The Silver Investor Today
► BACK TO DAVID'S COMMENTARY
We will be passing out gold and silver at the meeting on Saturday @ HPYC. This is a good thing because..........
ReplyDeleteThe seeds of hyperinflation?
Never one to mince words, Llewellyn H. Rockwell Jr., founder and president of the Ludwig von Mises Institute in Auburn, Alabama, editor of LewRockwell.com, and author of numerous books on economics and politics, lays it on the line with a scathing rebuke of Obama’s plans to spend one trillion dollars in Obama’s Wealth Destruction, a commentary posted on lewrockwell.com.
Rockwell writes:
With his rhetoric and policies, he (Obama) has decided to demonize private enterprise, just as FDR did, as a way to present government as the great savior.
Rockwell continues:
Now, think about this. If there is a way out of the recession, it will have to be provided by private enterprise. It will come by new businesses, business expansions, entrepreneurship, new technology, and this will be the source of lasting jobs and prosperity.
You cannot make a country rich by looting taxpayers and paying people to pound nails into siding at public schools! These activities amount to capital consumption. They are not sources of investment. You can say that they are stupid tasks or wonderful tasks, but it is not a matter of ideology as to whether such public projects will make us all wealthier. They will not. They drain the sources of wealth from society. They represent a cost, not a blessing.
Continuing, Rockwell condemns Bush’s stimulus plan.
That was also true of Bush’s dumb stimulus program. He was only bailing out his friends at our expense. The effect was to give a little longer life to institutions that were failing anyway. It’s pathetic that the Republicans ever went along with it. You will notice that the scheme didn’t actually work.
Well, Obama is doing the same thing, though rewarding a different set of friends. This is not wealth production. This is wealth consumption. Do enough of this nonsense and you can destroy the livelihoods of an entire generation.
Interestingly, Rockwell praises Reagan for his handling of the 1981-1982 recession.
He (Reagan) was fortunate to have advisers who insisted that he let the liquidation happen rather than attempt to fix the recession of 1981–82 with huge new government spending programs.
Here is Rockwell’s warning, which should be of interest to all gold and silver investors:
The biggest threat facing the American economy right now is rarely even discussed. It is the massive buildup of paper bank reserves in the last quarter of 2008. This was Bush’s doing. He ordered the Fed to print like mad. Fortunately for us, the banks are still holding on to these reserves. When they start lending again, the result could be hyperinflation of Confederate dollar proportions.
From the desk of the Soverign Society:
ReplyDeleteDear A-Letter Reader,
Another wild week, another round of politicians embarrassing their constituents.
But we don’t have to be ashamed of everything our politicians do.
Like the House hearing, where the president of the Peanut Corporation of America was asked to eat some of his own – potentially tainted – product. He refused…looked evil, and the little guy enjoyed another trivial triumph.
In other news, some of America’s oldest Municipal bonds will be coming due next month.
That’s right, the debt incurred in 1866 when Winston Churchill’s grandfather proposed building a road to one of the nation’s first racetracks, will finally be retired. The face value? A cool thousand bucks. But at 7%. After 135 years that works out to US$9,450 in interest payments on a (presumably tax-free) bond.
But aside from this week’s wackier news, we wanted to bring your attention to the alarming results of a recent media survey. Out of all the cable news networks, all the talk shows on NBC, ABC and CBS since January 25th, only 5% of their guests on the economic crisis have actually been economists. Just a word of warning…mass media’s opinions should often be taken with a grain of salt.
Rich.....
Here’s a few opinions on precious metals from various newsletters:
ReplyDelete"Historically, silver always has a tendency to underperform gold during the early stages of a run to new highs. This trend reverses as the bull matures and silver begins to dominate. In the end, silver always ends up outperforming gold, percentage wise." - Smolski Investment Letter
"After current market indecision has given away to acceptance of an inflationary future, expect to hear the popping sound of the bond market bubble bursting and currency market volatility reaching new highs. The rush into assets that will follow, as cash appears to lose its crown, will be a sight to see. But cash in the form of gold will be one of the most popular homes for paper cash for you just can’t inflate gold. That’s apart from its attraction of having no counterparty. – Julian Phillips
"When the stimulus packages FAIL you can expect the governments to double down over and over again, and at some point inflation will IGNITE. Sovereign governments are now in a competitive currency DEVALUATION raceway, trying to devalue their way to export competitiveness, and the only currencies that can’t be debased are GOLD and silver so expect more and more people to acquire the ‘barbarous’ relics – the only true money." – Ty Andros
"It is when the money supply is increasing, that people, especially those who have studied monetary history, begin to get anxious about the future purchasing power of that money, and initially some of them and eventually more and more investors begin to buy gold as protection against the price inflation that inevitably follows monetary inflation." – Peter Degraaf
"Despite the glacial rate money is moving through the economy, the dollar has started to fall again, and gold has begun to rally. As this continues, investors will begin to question the safety of treasuries, and sell them off. The money coming out of treasuries will add fuel to gold’s rise and the dollar’s fall." – Eric de Carbonnet
"If U.S. Treasury auctions begin to fail, not only will the U.S. be incapable of kiting checks to itself - it will trigger a global flight to safety in gold and silver, while initiating a stampede for the exits in U.S. denominated assets. – James West
This is a very long article on the "Silver Raiders" which may enlighten you on how the price of Silver is controlled and what will happen when the "Silver Raiders" are exposed.
ReplyDeletehttp://www.silver-investor.com/charlessavoie/raiders.htm
Intersting comment on the silver to oil ratio, obviously from abroad!
ReplyDeleteWhat does an oil/silver ratio of 1 signify for the approximate future?
Currently one has to spend 4 silver ounces to buy one barrel of oil.
So what can we expect for the future? Proceeding on the assumption that the oil price will rise over 150 USD in the coming decade, we arrive at a silver price of more than 150 USD either, expected the oil/silver ratio to be 1
Inflation/Depression ? From the desk of Ron Paul:
ReplyDelete« Is hyperinflation a possibility for the US?The Collapse of ‘09 »Ron Paul predicts worsening crisis
In a speech before the House of Representatives, Congressman Ron Paul, a long time student of Austrian economics, predicted not only a dollar crisis but a worsening economic crisis. He fears that our recession will, because of Fed action, turn into a depression, a view that is most interesting.
The common perception is that the Fed will prevent a depression via its creation of still more dollars. Ron Paul says that the Fed’s action will bring on a dollar crisis and a depression. If Paul is right, a dollar crisis and a depression seem inevitable because the Fed has already printed trillions of new dollars and stands ready to print more.
The speech, which is less than five minutes, can be found on YouTube.
Catching Wild Pigs...A short story by an unknown fellow that could also be titled. America 2009............................
ReplyDeleteA chemistry professor in a large college had some exchange students in the
class. One day while the class was in the lab the Professor noticed one young
man (an exchange student) who kept rubbing his back, and stretching as if his
back hurt.
The professor asked the young man what was the matter. The student told him he
had a bullet lodged in his back. He had been shot while fighting communists in
his native country who were trying to overthrow his country's government and
install a new communist government..
In the midst of his story he looked at the professor and asked a strange
question. He asked, 'Do you know how to catch wild pigs?'
The professor thought it was a joke and asked for the punch line. The young
man said this was no joke. 'You catch wild pigs by finding a suitable place
in the woods and putting corn on the ground. The pigs find it and begin to come
everyday to eat the free corn. When they are used to coming every day, you put
a fence down one side of the place where they are used to coming. When they get
used to the fence, they begin to eat the corn again and you put up another side
of fence. They get used to that and start to eat again. You continue until you
have all four sides of the fence up with a gate in the last side. The pigs, who
are used to the free corn, start to come through the gate to eat, you slam the
gate on them and catch the whole herd.
Suddenly the wild pigs have lost their freedom. They run around and around
inside the fence, but they are caught. Soon they go back to eating the free
corn. They are so used to it that they have forgotten how to forage in the
woods for themselves, so they accept their captivity.'
The young man then told the professor that is exactly what he sees happening to
America . The government keeps pushing us toward socialism and keeps spreading
the free corn out in the form of programs such as supplemental income, tax
credit for unearned income, tobacco subsidies, dairy subsidies, payment not to
plant crops(CRP), welfare, medicine, drugs, etc...while we continually lose our
freedoms - -just a little at a time.
One should always remember: There is no such thing as a free lunch! Also, a
politician will never provide a service for you cheaper than you can do it
yourself.
Also, if you see that all of this wonderful government 'help' is a
problem confronting the future of democracy in America, you might want to send
this on to your friends. If you think the free ride is essential to your way of
life then you will probably delete this email, but God help you when the gate
slams shut!!
'A government big enough to give you everything you want, is big enough to
take away everything you have' - Thomas Jefferson
A little off the subject, but a good lesson in life:
ReplyDeleteThere was a blind girl who hated herself because she was blind. She hated everyone, except her loving boyfriend.
He was always there for her. She told her boyfriend, 'If I could only see the world, I will marry you.'
One day, someone donated a pair of eyes to her. When the bandages came off, she was able to see everything, including her boyfriend.
He asked her,'Now that you can see the world, will you marry me?' The girl looked at her boyfriend and saw that he was blind. The
sight of his closed eyelids shocked her. She hadn't expected that. The thought of looking at them the rest of her life led her to refuse to marry him.
Her boyfriend left in tears and days later wrote a note to her saying: 'Take good care of your eyes, my dear, for before they were yours, they were mine.'
This is how the human brain often works when our status changes. Only a very few remember what life was like before, and who was always by their side in the most painful situations
Life Is a Gift
Today before you say an unkind word - Think of someone who can't speak.
Before you complain about the taste of your food - Think of someone who has nothing to eat.
Before you complain about your husband or wife - Think of someone who's crying out to GOD for a companion.
Today before you complain about life - Think of someone who went too early to heaven.
Before whining about the distance you drive Think of someone who walks the same distance with their feet.
And when you are tired and complain about your job - Think of the unemployed, the disabled, and those who wish they had your job.
And when depressing thoughts seem to get you down - Put a smile on your face and think: you're alive and still around.
I PRAY THIS MOVES AROUND THE ENTIRE UNIVERSE...
Congratulations are in order to the 22 IGC members who earned some beautifull gold coins last week. I saw them, they are sweet, Gold Maple Leafs.
ReplyDeleteI think they are still calculating the silver bullion rounds to be paid out for last week.
Simple business model, sell e-books and get paid in gold and silver.
My Silver Club
ReplyDeleteIndependent Marketing Club
****Tuesday, February 17th****
6:00 PM
Holiday Inn Express Detroit
1020 Washington Blvd.
Detroit, 48226
313-887-7000
Contact David Dudenhoefer or Michael Thacker
Bill Lear and Ken Mitchell Jr. will be hosting a meeting in the Muskegon, MI area on:
Wednesday February 25, 2008 at 7:00 PM at
Causway Bay Hotel
at the corner of Hoyt and Seaway
Muskegon, MI 49441
Thursday Meetings:
Mike Miller and Dr. James King Hosting:
7:00 PM
Comfort Inn
Capitol Ave.
Battle Creek, MI
This Saturdays Meeting will be at:
11:00 AM
Huron Pointe Yacht Club
32800 S. River Rd
Harrison Twp., MI 48047
VERY THOUGHT PROVOKING....
ReplyDeleteTHE BUZZARD:
If you put a buzzard in a pen that is 6 feet by 8 feet and is entirely open at the top, the bird, in spite of its ability to fly, will be an absolute prisoner. The reason is that a buzzard always begins a flight from the ground with a run of 10 to 12 feet. Without space to run, as is its habit, it will not even attempt to fly, but will remain a prisoner for life in a small jail with no top.
THE BAT:
The ordinary bat that flies around at night, a remarkable nimble
Creature in the air, cannot take off from a level place. If it is placed
On the floor or flat ground, all it can do is shuffle about helplessly and,
No doubt, painfully, until it reaches some slight elevation from which it
Can throw itself into the air.. Then, at once, it takes off like a flash.
THE BUMBLEBEE:
A bumblebee, if dropped into an open tumbler, will be there
Until it dies, unless it is taken out. It never sees the means of escape
At the top, but persists in trying to find some way out through the sides
Near the bottom. It will seek a way where none exists, until it completely
Destroys itself.
PEOPLE:
In many ways, we are like the buzzard, the bat, and the bumblebee.
We struggle about with all our problems and frustrations, never realizing
That all we have to do is look up!
Sorrow looks back, Worry looks around, But faith looks up!
Live simply, love generously, care deeply, speak kindly and trust in our Creator who loves us.
We puchased one hundred ounces of silver last week, wired the money on Monday, received the package today, 5 business days. I like the way they do business at www.seekbullion.com
ReplyDeleteThe package is sealed tighter then a Brinks truck.
Is gold the only salvation from this financial Armageddon?
ReplyDeleteIndications are that the global financial situation could yet get far worse before it starts getting better - particularly in Europe - and gold may again prove to be the only real way of protecting wealth in a continuing global financial meltdown.
by Lawrence Williams
Received this message earlier this morning from a well respected commodities specialist from California:
ReplyDeleteI believe that the Bull Run in the silver market is still in its infancy. The fundamentals supporting the silver market are exceptional. The metals markers have demonstrated time and time again that they are a safe haven to investors in times of economic uncertainty. Silver has been a one of the front-runners in the current bull rally in commodities. I also believe that the silver market has a noteworthy amount of upside potential. If you have any capital invested in the stock market, I highly recommend hedging a small portion of your portfolio in to the metals markets. It’s time for investors to put “the pedal to the metal,” and diversify into the silver market
Ron Pauls video is now on the National Debt page at www.mysilverinfo.com The National Debt Page is located on the bottom of the home page. Interesting comments about what we are facing. No one wanted to listen to him during last years political debates, when he ran for President.
ReplyDeleteThe media literally labeled him has a right wing fringe lunatic, they are listening to him now.
Posted a great picture in the profile above. Enlarge it, could not put that into words.
ReplyDeleteGreat video from Glen Beck about Federal Spending, see it here: http://www.youtube.com/watch?v=62Vsgl6SUZ0&NR=1
ReplyDeleteMarch 2008, a prediction from Peter Schiff:
ReplyDelete'Another prominent economist has warned that the bottom may soon drop out of the dollar completely as the currency hits fresh lows and continues to sink worldwide. Peter Schiff, a dollar-bear at Security Pacific Capital, told the London Telegraph that the greenback faced the danger of outright collapse as countries in Asia and the Middle East mull plans to break their dollar pegs, which are fueling inflation across the region.'
It seems from recent communications that gold coins are becoming scarce, the U.S. Mint is beginning to ration gold coins to its customers, Schiffs prediction is coming true again (predictied the housing crisis in 2006), as people are fleeing paper money and flocking to precious metals, namely gold and silver. (see the picture above in about me)
Our last order took us to over $16.00 an ounce for silver.
A little humor from the desk of Maxine:
ReplyDeleteHell, back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country and our banking system to the same nit-wits who couldn't make money running a whore house and selling whiskey!"
How to Explain the Stimulus Bill?
ReplyDeleteShortly after class, an economics student approaches his economics professor and says, "I don't understand this stimulus bill. Can you explain it to me?" The professor replied, "I don't have any time to explain it at my office, but if you come over to my house on Saturday and help me with my weekend project, I'll be glad to explain it to you." The student agreed.At the agreed-upon time, the student showed up at the professor's house. The professor stated that the weekend project involved his backyard pool. They both went out back to the pool, and the professor handed the student a bucket. Demonstrating with his own bucket, the professor said, "First, go over to the deep end, and fill your bucket with as much water as you can." The student did as he was instructed. The professor then continued, "Follow me over to the shallow end, and then dump all the water from your bucket into it." The student was naturally confused, but did as he was told.The professor then explained they were going to do this many more times, and began walking back to the deep end of the pool.The confused student asked, "Excuse me, but why are we doing this?"The professor matter-of-factly stated that he was trying to make the shallow end much deeper.The student didn't think the economics professor was serious, but figured that he would find out the real story soon enough.However, after the 6th trip between the shallow end and the deep end, the student began to become worried that his economics professor had gone mad. The student finally replied, "All we're doing is wasting valuable time and effort on unproductive pursuits. Even worse, when this process is all over, everything will be at the same level it was before, so all you'll really have accomplished is the destruction of what could have been truly productive action!"The professor put down his bucket and replied with a smile, "Congratulations. You now understand the stimulus bill."
Gold Amid Inflation and Deflation
ReplyDelete“Inflation and deflation are both a crisis in money. Which leaves gold as a secure store of wealth against both monetary panics...”
The 1970s didn’t just curse the world with cheap German wine and the Bay City Rollers.
That decade gave us soaring inflation, too.
Gold’s stellar run up to $850 per ounce, rising more than 24 times over, also came in the ‘70s. So gold, therefore, must deliver its strongest returns when the cost of living shoots higher. Right?
~~~~~~~~~~~~~~Special~~~~~~~~~~~~~~
Financial Times: The Crowd Is Catching On and Buying Gold
Over the next two years, you’ll witness the greatest surge in gold prices in market history, at least 100% above where gold sits today, as I write this.
Tips to promote your web site:
ReplyDeleteCLASS A MEMBERSHIP
Welcome all. We have determined what it takes to be a class A member as one who participates in helping us out which essentially helps you out. There are little things that we can all do to help bring our site to #1 in the search engines and help build traffic. As you know traffic equals members and members equals potential income for everyone so it makes sense to do your part to help as much as you can as you will only be helping yourself and your family as well.
1. If you have a www.facebook.com membership, please add you affiliate link on your home page to either (http://www.buysilverandgoldcoins.com). If you add your affiliate link, you will be credited with each sale obtained from people clicking on your link and joining the club. If you do not have a facebook account, please get one ASAP and do the same. Should you be hesitant to put your name or information on this site, you need not add pictures and you can give as little information as possible. Who knows, you may just reconnect with an old friend so what do you have to lose? Don’t forget to put up your interest in silver and gold on the interests pages along with as many other interests as possible.
2. The same goes for myspace.com. Sign up and put up a link. Include as many interests as you are comfortable with.
3. Put up a link on craigslist.com. It is free and only takes a few moments.
4. If you own a website, put up your affiliate link or (http://www.buysilverandgoldcoins.com). from the home page. If you do not but have a friend or friends who can, please ask them to put up a link on as many sites as possible.
5. Go to as many forums as possible in your field of business or hobby and put up your link or a link to (http://www.buysilverandgoldcoins.com).
6. If you don’t have a blog, make one. It doesn’t matter what you write about although talking about gold, silver, and new opportunites helps. Create a blog or two and put link to either your affiliate link or to (http://www.buysilverandgoldcoins.com). You can go to www.blogspot.com to get one or find others.
7. It will benefit your family and friends to tell them about the program. Tell as many family and friends as you can to sign up. You will be helping you and everyone that joins.
8. Go to FREE AD SITES: Such as:
http://www.classifiedsforfree.com
http://www.usfreeads.com
http://www.salespider.com
http://bestmall.com/class/submit.html
http://www.1americamall.com
http://www.theadnet.com
http://www.classified2000.net
http://www.bizwiz.com/bizwiz
and post your free ad using your affiliate link or (http://www.buysilverandgoldcoins.com). Include in your ad some brief description about the program opportunity.
9. Place short articles about the silver and gold opportunity with the e-book purchase: (Don’t Forget Links).
http://ezinearticles.com
http://www.goarticles.com
http://searchwarp.com
10. Send out emails to everyone you know about the opportunity. Include (http://www.buysilverandgoldcoins.com). or your affiliate link
Gold information for this week.........
ReplyDeleteIncreasing financial turbulence also resulted in the gold holdings of the world's largest bullion-backed ETF jumping to a record level. "The SPDR Gold Trust (GLD) holdings have risen by 228.6 metric tons so far this year, to a record 1,008.8 metric tons late on Tuesday, absorbing in the first seven weeks of the year about 10% of the world's annual mine gold output," reported the Financial Times. Gold bullion breached the $1,000 level on Friday and closed the week at $1,002 (+6.4%) - within striking distance of its record of $1,031 reached in March last year.
With the yellow metal behaving like "the last man standing", David Fuller reminded us of the quote by the English poet Lord Byron: "O gold! I still prefer thee unto paper, which makes bank credit like a bark of vapour."
Besides precious metals shining brightly, the other commodities performed poorly.
Lots of new members joined both "My Silver Club" and "Indepence Gold Club" this week, another affilate site is up and running for both clubs http://buysilverandgoldcoins.com
ReplyDeleteA comment from abroad re: our National Debt.....
ReplyDeleteThis is not a liquidity crisis, its an insolvency crisis for the dollar system which has been recklessly driven with only US domestic advantage since 1964. As the right always remind us, welfare without strings is evil. The american empire was an easy street, easy street causes rot, and that kind of rot starts at the top.
The only question is how it will end. My guess is a hyperinflationary blow off when the west turns to other measures to fund its borrowing. There is no savings glut to borrow because all thay ever was the flip side of the US trade deficit.
Depression, war and climate mayhem will make the business of laying blame difficult but it goes like this, its the cycle of history, people build civilisations, the structure of the civilisation seems so strong and eternal that it is taken for granted and once that has happened it gets loaded up until it fails..
Failure has arrived. How it plays out is the only question.
Gold Information:
ReplyDeleteGold rose to more than $1,000 an ounce in New York [on Friday] for the first time in almost a year as investors, spooked by plunging stocks and a deepening recession, sought to protect their wealth.
"One camp of investors is buying gold because of fear the fiscal stimulus packages are insufficient to bring the economy out of recession," said Peter Fertig, owner of Quantitative Commodity Research Ltd. in Hainburg, Germany. "The other camp fears the stimulus packages will lead to inflation."
Gold last topped $1,000 on March 18 in New York, partly as a hedge against weakness in the dollar. The last time the metal traded this high, the price reached a record $1,033.90 on March 17 before retreating to as low as $681 in October.
From Mikes desk today...........
ReplyDeleteMany analysts think the stock markets will bounce and the dollar will continue its rally while precious metals do one last pullback, while many more think the stock markets will plunge, gold will soar, and the dollar will be toast. Of course over the long haul the latter group will be right, but I don't really care because I own gold and silver. My metals not only give me a feeling of safety and of being protected, but also a great sense of optimism and well-being because I know that, over the long term, I will do very, very well, regardless of what the next few months bring.
My Silver Club
ReplyDeleteIndependent Marketing Club
****Tuesday, February 24th****
6:00 PM
Espresso Jazzy Cafe
212 E. Grand River
Detroit, 48226
313-963-5204
Contact David Dudenhoefer or Michael Thacker
Bill Lear and Ken Mitchell Jr. will be hosting a meeting in the Muskegon, MI area on:
Wednesday February 25, 2008 at 7:00 PM at
Causway Bay Hotel
at the corner of Hoyt and Seaway
Muskegon, MI 49441
Thursday Meetings:
Mike Miller and Dr. James King Hosting:
7:00 PM
Comfort Inn
Capitol Ave.
Battle Creek, MI
This Saturdays Meeting will be at:
11:00 AM
Huron Pointe Yacht Club
32800 S. River Rd
Harrison Twp., MI 48047
Gold closed down today at $970.20 per ounce, off $24.30. Silver Closed at $14.04 down .47 cents. But the games continue, read on.......
ReplyDeleteThe dollar was sharply lower on opening in Asia last night with nationalization of U.S. banks ruling the headlines. But of course the U.S. isn't the only one flirting with bank nationalization. Take a second look at Europe and Japan (and just about anywhere you care to look) and it's ugly!
The euro has already reversed 200 pips from its high overnight, likely due in part to Mr. Trichet's weighty assessment that Europe's financial system is under huge strain. I say weighty because one should never confuse Trichet's statements with anything dribbling from the constantly flowing font that is Dodd.
We were of the opinion U.K. banks would beat others to the race toward complete bank nationalization. But it's probably splitting hairs as de facto nationalization seems the order of the day. Why buy financials in your 401(k) when you own them anyway?
I used to tell people that currency analysis was like being the judge at an ugly contest - the least ugly wins. But now, there is little that separates the degree of ugliness among all competitors. Thus, we have gold printing over US$1,000 and who knows where from here.
Gold has soared against the euro, pound, Aussie and U.S. dollar; though it hasn't made a new high yet against the buck
Due to the Patriot Act, the Privacy that was guaranteed by the 4th Amendment in the U.S. Constitution has for the most part disappeared in the area of investments. Today just about every asset and investment can be traced; is reportable and visible by the watchful eyes of the Federal Government.
ReplyDeleteExcept!...for “Private” Gold & Silver, one of the Last Private investments in our “Monetary system
From Kevins desk: "Gold shot up, reaching a nearly one year high today, and rapidly approaching its record high area.
ReplyDeleteThe ongoing current A rise that started last November is the strongest in this bull market and the strongest since 1999. Since this is an abnormally strong 'A' rise in an abnormal world recession, if gold reaches a new record high above $1004, gold will most likely be embarking on the start of a great bull market rise.Gold shot up, reaching a nearly one year high today, and rapidly approaching its record high area.
The ongoing current A rise that started last November is the strongest in this bull market and the strongest since 1999. Since this is an abnormally strong 'A' rise in an abnormal world recession, if gold reaches a new record high above $1004, gold will most likely be embarking on the start of a great bull market rise."
Dear Early to Rise Reader -Even in the midst of our economic challenges, a new wave of millionaires will still find a way to rise up. Those who achieve that status, even while there's so much "doom and gloom" out there, will do so because they refuse to play into a negative mindset. They just refuse to be a victim of the collective problems.
ReplyDeleteThey choose their course and follow it with unwavering focus. And they take positive action every single day. What's interesting about this is the type of business many of them choose as their vehicle to financial security...It's a fact that the next wave of millionaires will largely come from the ranks of Internet Entrepreneurs.
That's right, the next wave of millionaires will include thousands of entrepreneurs who build lucrative businesses online. Just do it, start today!
Another blog started by Keith of Michigan can be found here...
ReplyDeletehttp://www.silverandgoldcoins.ming.com
What is a bullion coin?
ReplyDeleteA bullion coin is a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce. Examples include Krugerrands, British sovereigns, the American Eagle series and the Canadian Maple Leaf series.
I am sure you have herd of ancient Chinese Proverbs, this is not one, but is very wise:
ReplyDelete"Observe calmly; secure our position; cope with affairs calmly; hide our capacities and bide our time; be good at maintaining a low profile; and never claim leadership." -- China's former Communist Party Leader, Deng Xiaoping.
A quote ascribed to Karl Marx has been popping up a lot lately:
ReplyDelete“Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism.”.....Karl Marx, the father of Communisim.
If you are a penny stock player, take a look at this one EESO
ReplyDeleteNow, suddenly, question marks are in demand. People are pulling them out of closets and desk drawers; there’s hardly a sentence that doesn’t seem to need one. Every one of them is an interrogatory: ‘When will this bear market end?’ ‘What do you mean you can’t pay me?’ ‘Are you doing any hiring?’
ReplyDeleteInvestors buy gold because they want something that doesn’t have a question mark behind it. Does the yellow metal depends on its lenders? No. Are its earnings at risk? No. Does it have any toxic assets? No.
Gold is what it is…and nothing more. Useless most of the time; occasionally indispensable.
Re: the above post's last sentence: On the other hand, silver has more and more uses, more patents are filed every year for the use of this metal, then any other metal. Own it in your possession, NOW.
ReplyDeleteQuotes for today:
ReplyDelete"Paper money eventually returns to its intrinsic value….Zero" Voltaire 1729
"Lennin was certainly right there is no more positive or subtle, or surer means of destroying the existing basis of society then to debauch the currency"….John Maynard Keynes
Friends & Associates: This is another affiliate site to promote your business, very interesting. If you are looking for something really good in 2009: something that changes your view on the world, then you really have to spend just one minute and look at this website.Please click visit www.me2everyone.com/235322 for the details
ReplyDeleteCoins and ingots are the kinds of things you keep in your bank safe deposit box or in a well-hidden home safe. Some people keep them in their “second” home safe. Why a second safe? Well, the first safe is the one with a few hundred bucks of cash and some good-looking costume jewelry in it. You would open the first safe if a robber broke into your house and held a gun to your head. (Sorry, I’m not kidding. We live in a tough world.)
ReplyDeleteAnd for as much as I urge you to own some gold or ingots, you should never talk about it. OK, you might tell a few family members or maybe a trusted friend or two. But the fact that you have a stash of real gold is too valuable to broadcast or advertise. As I said above, “It CAN happen here.” It already has happened here. It might happen again, if things get too rough out there.
For all the talk in Washington about getting the national economy back on track and spending under control, I think you still need to keep an eye on gold and silver. Get some. Own some. Hold some.
Another great affilliate site:
ReplyDeletehttp://www.hyaffiliates.com?pid=2954545bb
Lots of silver starting to flow from our business, we may all need it after you watch this video, you will realise what I mean:
ReplyDeletehttp://www.iousathemovie.com
Silver closed higher due to short covering on Friday as it consolidated some of its recent decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold and are turning bullish signalling that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off February's high, the 38% retracement level of the October- February rally crossing is the next downside target.
ReplyDeleteGold closed sharply higher on Friday as it consolidated some of this week's decline. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
ReplyDeleteDoes the U.S. dollar face a crisis, this from one of our readers:
ReplyDeleteThose who believe that the USDollar will prevail and survive this turmoil as the global reserve currency are precisely as incorrect as those who believed the US banking system could survive the mortgage debacle as it unfolded. We are witnessing a long slow drawn-out death experience for the USDollar, liquidation of the USEconomy, to be followed by a default by the USTreasury Bonds. During the panic phase, the response in the gold silver prices will be profound, with advances to date only a prelude to a march to $2000 gold and $50 silver.
The next big bubble to explode, Commericial Real Estate: Over 80 thousand retail stores closed in 2008. The forecast from expert corners is for another 120 thousand retail shutdowns in 2009. Numerous retail chains have gone out of business, with the list expected to more than double in 2009 and 2010.
ReplyDeleteTARP Fund losses, I am not shocked at all, our Governemnt has no clue how to manage money:
ReplyDeleteOr Zombie Banks 1, Taxpayers 0.
In reality was looking for a minus infinity symbol but blogspot is woefully inadequate when expressing involuntary taxpayer performance. The latest shock to the U.S. taxpayer came last Friday when the Ethisphere TARP index recorded a $21 billion drop in value. The TARP Index, created by the Ethisphere Institute, tracks the U.S. Federal Government's return under its TARP investments. Out of the $306.1 billion so far handed out under TARP since its inception, there has been an unrealized loss of $123 billion, compliments mostly of the big 4: C, BAC, WFC and JPM. In other words, the U.S. Government (and its taxpaying funders) has lost over 40% of their investment. This translates into a loss of $1,082 per every US household, roughly double the proposed stimulus tax credit.
This is a link to an organization that is monitoring this failure:
ReplyDeletehttp://ethisphere.com/ethisphere-tarp-index-report/.
The TARP winners and losers:
ReplyDeleteAnd just so taxpayers know who to direct their righteous indignation at, here are the winners and losers, or zombie banks as the latter are better known.
The largest estimated losses to date under TARP are:
1. Citigroup (C) – with an estimated loss of $35.9 billion
2. Wells Fargo (WFC) – with an estimated loss of $12.5 billion
3. Bank of America (BAC) – with an estimated loss of $11.3 billion
4. JP Morgan (JPM) – with an estimated loss of $6.3 billion
The largest estimated gains to date under TARP are:
1. Great Southern Bancorp (GSBC) – with an estimated gain of $11.1 million
2. Community Bankers Trust Corp (BTC) – with an estimated gain of $2.0 million
3. First Citizens Banc Corp (FCZA) – with an estimated gain of $1.5 million
Now our current government wants to loan out another couple of TRILLION dollars and then take control, they have the track record for success!
FEEL IT
ReplyDeleteIf you've managed to get your hands on any of our rounds, I'd like to suggest that you try carrying a few of them around, if you haven't so far. If silver is to be used as currency, it's not something to put in a box or case on a shelf, it's something to hold, share, trade, give as a gift or start discussions with. Already, in the few months since we've been making our art rounds, a number of my friends have started collecting them, and we're starting to use them as a method of barter or exchange from time to time. The silver rounds are endlessly pleasing objects! Silver is the most conductive of all elemental metals; it warms easily in your pocket or hand. Fine silver makes a great and distinctive sound. Silver bullion rounds have a fabulous luminant white color. Once you become intimately familiar with 999 fine silver- from holding it in your hand regularly- you'll notice how dark and dirty sterling silver is (it has a small amount of other metal in it) and you'll notice how dark and smudgy-looking government coins made of nickel and other alloys look. Silver is anti-bacterial, so you're probably not going to get germs from the things. I've almost always got one or two of our rounds on me; I show them to people, drop them on the ground by mistake, and delight in watching the rounds get scuffed up as they age. I'll take a well-weathered bullion round any day over some proof coin sitting in a plastic case. Simply, our rounds are meant to be used by anyone and everyone. Use them
More TARP boondoggles:
ReplyDeleteFannie & Freddie: Why Should You Care?
By Michael Beitler
campaignforliberty.com
Fannie Mae reported a loss of $25.2 billion for the fourth quarter of 2008 (losses of $58.7 billion for full-year 2008). Total nonperforming loans were $119.2 billion at year-end. Fannie is requesting additional capital from the U.S Treasury. The other gargantuan government-sponsored enterprise, Freddie Mac is likewise running up billions of dollars in losses. Freddie is preparing to ask for additional capital from the U.S Treasury of $35 billion.
Why should you, the taxpayer, be concerned? Isn't the Federal government using bailout funds allocated by Congress to clean up the mess?
The problem is the Federal government is on the brink of bankruptcy itself. The U.S. government is $11 trillion dollars in debt. (That figure does not include tens of trillions of dollars of off-balance sheet, unfunded liabilities.) Congress has no "money to allocate" to Fannie, Freddie, or anything else. You, the taxpayer, are on the hook for these massive obligations.
Go back to the first paragraph and substitute "additional taxpayer money" for "additional capital."
On September 7, 2008, James Lockhart, director of the Federal Housing Finance Agency (another taxpayer-supported agency), announced that Fannie Mae and Freddie Mac were being placed into conservatorship under his agency. At the time, Fannie and Freddie owned or guaranteed approximately $6 trillion dollars in mortgage loans.
Triva question for the day? What is the most expensive Gold Coin known to exist? 1933 St. Gaudins sold at auction on July 30, 2002 for $7,590,020.00 interesting history. Only one known to exist, why?
ReplyDeleteWeeks before 9/11/01 it was removed from a vault in the World Trade Center and taken where?
Silver closed lower on Tuesday as it extended Monday's decline. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral signalling that sideways trading is possible near-term. If it renews the decline off February's high, the 38% retracement level of the October-February rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
ReplyDeleteFrom Jeff's desk:
ReplyDeleteWe have never - in the history of money - seen such an expansion in its supply without, after a period of time, a rapid deterioration in its value, in other words, without a rapid increase in the overall price level. More than any other factor influencing the gold market, it is the inevitable rise in price inflation that will propel gold skyward in the next few years.
Some are saying: UBS Investment Research has moved gold to overweight from neutral, citing the "broad uncertainties in the current macroclimate."
ReplyDeleteIn their Q-Series: Gold research, analysts Daniel Brebner and James Luke, strategist John Reade and economist Larry Hatheway said they have determined that "future returns on gold are likely to be positively asymmetric, with potential upside US$2,500/oz."
The above post sounds like some Alan Greespan double speak, but my daddy always taught me, "never fall in love with an investment". So, if I bought on the dip at $400.00 and sell at $1500-$1600, then all is good in the hood!
ReplyDeleteFrom thge desk of James Cook: A little frightfull insight;
ReplyDeleteDIALOGUE
By James Cook
American: Do you think you could help me?
Chinese: What do you mean?
American: I need some money.
Chinese: How much?
American: Three trillion.
Chinese: Wow! You’re not bashful.
American: What do you say?
Chinese: I don’t think so.
American: Please, pretty please.
Chinese: I already loaned you a bundle.
American: It’s gone. I have to have more.
Chinese: What am I going to do with all your IOUs?
American: Keep holding them. I’ll pay you interest.
Chinese: How much?
American: I can’t pay much, a couple of points.
Chinese: It’s too low. Call me if you can pay more.
American: I need it now.
Chinese: Hey, I’ve been selling your IOUs lately.
American: I heard that.
Chinese, Frankly, I don’t have as much as you need.
American: I’ll buy some toys and stuffed animals from you.
Chinese: Okay, but will you quit throwing your weight around so much?
American: I’ll try.
Chinese: I might get you part of it.
American: I can print up the rest.
Chinese: That will make my IOUs worthless.
American: I’ll do it in the night.
Chinese: You’re going from bad to worse.
American: Listen, I’ll double my order for stuffed animals.
Chinese: I don’t think so.
American: You won’t help me?
Chinese: No, I just can’t do it.
American: What am I going to do?
Chinese: There’s a Japanese guy lives down the street. Try him.
TRUE TRUE TRUE TRUE
Commodity Online
ReplyDeleteTORONTO: Beware! Those who rush to buy gold should not neglect silver. If the present trend continues silver will be the metal people should be watching. According to experts, silver prices will go up faster than gold rates in the coming days due to increased demand and a shortage in supply.
World’s largest mining conference in Toronto was told by experts that silver prices are poised to outperform gold while moving dramatically higher later this year due to increasing investment demand.
Speaking at the Prospectors and Developers of Canada Association (PDAC) annual convention, German investment fund manager Oliver Frank told mediapersons that silver will likely end the year in the $25 per ounce. This bold projection is almost double current silver prices.
The reason for this unprecedented surge is a late surge in pent-up buying demand, particularly among Europeans. I think I will earn more silver! http://www.mysilverinfo.com
Mladjenovic said silver has the "realistic potential" to achieve an intermediate high of about $25 by year-end and within the 2 to 3 years, "current fundamentals, from both industrial and investment demand, coupled with much lower supply, will drive the price of silver to $50." That's silver's nominal record level from 1980. Current ratio of silver to gold is about 70-1, historically silver to gold ratio has been around 15-1. Time to earn more?
ReplyDeleteNational debt is now over $11 TRILLION dollars. Anyone get a a check from the "G" lately.
ReplyDeleteFrom a friend about the silver shortage:
ReplyDeleteOne can only reasonably conclude that there is considerable stress in the market for physical silver.
Backwardation means that people are increasingly demanding real, physical metal, and not paper promises. It also means that people are starting to doubt the promises of the silver shorts, namely, those banks that have promised to deliver silver at specified future dates. Finally, it means that these banks have made promises to deliver metal that in the aggregate are greater than the physical silver they actually hold. If that weren't true, these banks as well as other holders of physical silver would sell what they own in the spot market in exchange for a futures contract, profiting from the difference in this price disparity. In time, their transactions would eventually eliminate the backwardation. But the backwardation has not been eliminated. Thus, given that the backwardation has remained for 38 days, one can only conclude that there exists an acute shortage of physical silver.
Backwardation is an abnormal state for the precious metals, and markets do not tolerate abnormal states. Arbitrageurs step in to profit whenever markets create unusual opportunities, like the one now existing in silver. But the backwardation prevails. No one is stepping in to sell physical silver in exchange for future delivery, so there is only one possible conclusion. There is not sufficient physical silver available at current prices to meet demand. So unless the shorts can somehow come up with the physical silver they need to meet their obligations to deliver and thereby relieve the backwardation, the price of silver needs to climb higher. It needs to rise high enough to induce holders of physical silver to sell their metal, which the shorts need to buy to meet their obligations to deliver.
From the desk of Jim Butler:
ReplyDeleteIt is one thing to analyze on a long-term basis, and quite another to make short-term predictions. There is no doubt in my mind that silver is a rock solid long-term investment opportunity, with an absolutely spectacular risk to reward ratio and value. It’s just a matter of time before silver is priced substantially higher. As I try to point out week after week, the rise in the price of silver is inevitable. That’s all that should matter to long-term investors. Silver is the ultimate buy and hold.
Asked when this dramatic silver price rise will take place, I have always answered that the exact timing is impossible to know, even though prices have already climbed substantially over the past few years. The important point is that prices are still depressed, principally due to the manipulation, offering the long-term investor an attractive entry opportunity. Still, silver is a very interesting topic to many of us, and it is hard not to try to consider the short-term factors. That’s why, for instance, I study the COTs.
From Kevins Desk:
ReplyDeleteBackwardation means that people are increasingly demanding real, physical metal, and not paper promises. It also means that people are starting to doubt the promises of the silver shorts, namely, those banks that have promised to deliver silver at specified future dates. Finally, it means that these banks have made promises to deliver metal that in the aggregate are greater than the physical silver they actually hold. If that weren't true, these banks as well as other holders of physical silver would sell what they own in the spot market in exchange for a futures contract, profiting from the difference in this price disparity. In time, their transactions would eventually eliminate the backwardation. But the backwardation has not been eliminated. Thus, given that the backwardation has remained for 38 days, one can only conclude that there exists an acute shortage of physical silver.
Breif explanation of the spot price of silver. The spot price is determined somewhere in London, England. This is the price that mines will sell silver for to their various distributors or markets.
ReplyDeleteIn normal circumstances, they usually sell silver at about .20 to .30 cents above spot. Usually the minimum order is 1,000 ounce bars.
Then you have shipping costs, etc. Question is, what would you do with a one thousand ounce bar.
Now the free market concept kicks in. A person, firm, mint, etc. takes possession. melts it down and converts it to a more convient form. 1-5-10-20-50-100 ounce bars, rounds, coins etc.
This costs money, so when the silver finally is turned lose on the public the price rises according to cost for the producer.
Now the free market kicks into high gear, the bottom line now is what will the public pay above spot. Some coins require a premimum as high as 300%, check http://www.usmint.com for the new Lincolin Silver Dollar. Another source is E-Bay.
So if someone says they can supply you silver or gold at the spot price, beware??????
A lot of mints and companies that offer silver to the public are out and cannot guarantee a delivery date. I would never buy silver contracts or ETF's. Most don't have what they say they have. See backwardation above or the note at the top of the page re Northwest Territorial Mint.
The historical value of silver to gold is 15-20 ounces of silver to one ounce of gold, today it is at about 70-1. Either gold has to come down or silver has to go up.
Someon is surley manipulating the silver market. Who? Do some research and you will come up with the answer.
Ask for referrals before you buy!
From Larry's desk: Excellent idea read the article here:
ReplyDeletehttp://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=92000
David Letterman needs professional help. If he cannot come up with better lines then bad mouthing an 18 year old kid. I will never watch his program again. Not that I ever did! Screw him and his advertisers.
ReplyDeleteBack to silver: From CMI:
ReplyDeleteMarch 17, 2009 – New York , NY – The Hennessee Group LLC, an adviser to hedge fund investors, believes silver is currently underpriced relative to gold and is therefore advising clients to accumulate positions in the precious metal.
Whos is the Federal reserve Bank? Where do they get 2 TRILLION dollars? Where does the Fed get all the money? It prints it.
ReplyDeleteThe Fed's series of radical programs to lend or buy debt has swollen its balance sheet to nearly $2 trillion — from just under $900 billion in September. Sohn believes the Fed's balance sheet could grow to $5 trillion over the next two years.
With that kind of money in circulation, inflation will come with a vengence. 80,000 retail stores closed last year in the U.S., means less places to shop, less goods to buy and more people looking to puchase=INFLATION
Silver predicition for 2009 can be found on this nine page report at http://www.austincoins.com
ReplyDeleteGold up $60.00, silver up $1.31 today.
ReplyDeleteFrom Jasons desk......
ReplyDeleteSilver chat rooms are ablaze with talk of a short squeeze that will send the price of silver back above $20 in short order. I believe it is only a matter of time and not so much a question of if, but when it will occur. The price of silver is far below fundamental supply/demand would dictate and there are plenty of signs of manipulation taking place. But whether you agree with the manipulation argument or not, it is easy to see that the current gold/silver ratio is way out of whack at 72. Historically, the ratio averages closer to 15 and even further from the current ratio is the production ratio around 9 and the geological ratio around 7.
Quotes from the days of intelligent people: "The power to tax is the power to detroy"...John Marshall-Supreme Court Justice 1801-1835
ReplyDeleteQuote from todays elite, "You never want a serious crisis to go to waste"...Rahm Emanuel..2009..White House Chief of Staff.
Our country is in crisis, the money managers will take advantage of this. More taxes, more government, more control, more government programs, the government will fix everything, right?
From Silver and Gold Ino. site!
ReplyDelete***Like US Silver Eagles - Canadian Silver Maples are exempt from IRS 1099-B brokerage reporting requirements***
From Karls desk.......
ReplyDeleteWe've got over a trillion in trash on our balance sheet now, which we promised would fix the problem but it didn't do jack. That's because nobody in their right mind will borrow money when the economy is in the tank and debt levels are above sustainable maximums. The only borrowers are people who are deadbeats, and that doesn't help. Instead of clearing this out by forcing the bankrupt to take their medicine our "solution" is to attempt to devalue the currency by explicit monetization. We have little choice in this matter because the most-recent TIC data that has been published, along with what hasn't been published (yet) but which we have, shows that foreigners have given us the finger in buying any more of our agency, corporate and sovereign debt. In short, we're screwed - within months - and we know it.
From Nouri's desk, a little long but he nails it:
ReplyDeleteA reporter contacted me recently with the following question:
"I am a reporter, and I am doing a story on Bernard Madoff's life after pleading guilty. As part of this, I was wondering if you could comment on what significance he will have in the history of this period. Will he represent more than a scamster who stole a lot of money from a lot of people? As Bernie Ebbers and Ken Lay came to embody corporate greed and deceit, what will Madoff symbolize?"
Here is my answer fleshed out in full:
Americans lived in a "Made-off" and Ponzi bubble economy for a decade or even longer. Madoff is the mirror of the American economy and of its over-leveraged agents: a house of cards of leverage over leverage by households, financial firms and corporations that has now collapsed in a heap.
When you put zero down on your home, and you thus have no equity in your home, your leverage is literally infinite and you are playing a Ponzi game.
And the bank that lent you, with zero down, a NINJA (no income, no jobs and assets) liar loan that was interest-only for a while, with negative amortization and an initial teaser rate, was also playing a Ponzi game.
And private equity firms that did over a $1 trillion of leveraged buyouts (LBOs) in the last few years with a debt-to-earnings ratio of 10 or above were also Ponzi firms playing a Ponzi game.
A government that will issue trillions of dollars of new debt to pay for this severe recession and socialize private losses may risk becoming a Ponzi government if--in the medium term--it does not return to fiscal discipline and debt sustainability.
A country that has--for over 25 years--spent more than income and thus run an endless string of current account deficit--and has thus become the largest net foreign debtor in the world (with net foreign liabilities that are likely to be over $3 trillion by the end of this year)--is also a Ponzi country that may eventually default on its foreign debt if it does not, over time, tighten its belt and start running smaller current account deficits and actual trade surpluses.
Whenever you persistently consume more than your income year after year (a household with negative savings, a government with budget deficit, a firm or financial institution with persistent losses, a country with a current account deficit) you are playing a Ponzi game. In the jargon of formal economics, you are not satisfying your long-run inter-temporal budget constraint as you borrow to finance the interest rate on your previous debt, and are thus following an unsustainable debt dynamics that eventually leads to outright insolvency.
According to Hyman Minsky and economic theory, Ponzi agents (households, firms, banks) are those who need to borrow more to repay both principal and interest on their previous debt; i.e., Minsky's "Ponzi borrowers" cannot service either interest or principal payments on their debts. They are called "Ponzi borrowers" as they need persistently increasing prices of the assets they invested in to keep on refinancing their debt obligations.
By this standard, U.S. households whose debt relative to income went from 65% 15 years ago, to 100% in 2000, to 135% today were playing a Ponzi game.
And an economy where the total debt to GDP ratio (of households, financial firms and corporations) is now 350% is a Made-Off Ponzi economy. And now that home values have fallen 20% (and they will fall another 20% before they bottom out) and equity prices have fallen over 50% (and may fall further), using homes as an ATM to finance Ponzi consumption is not feasible any more. The party is over for households, banks and non-bank highly leveraged corporations.
The bursting of the housing bubble, the equity bubble, the hedge funds bubble and the private equity bubble showed that most of the "wealth" that supported the massive leverage and overspending of agents in the economy was a fake bubble-driven wealth. Now that these bubble have burst, it is clear that the emperor had no clothes, and that we are the naked emperor. A rising bubble tide was hiding the fact that most Americans and their banks were swimming naked; and the bursting of the bubble is the low tide that shows who was naked.
Madoff may now spend the rest of his life in prison. U.S. households, financial and non-financial firms, and government may spend the next generation in debtor's prison having to tighten their belts to pay for the losses inflicted by a decade or more of reckless leverage, over-consumption and risk-taking.
Americans, let us look at ourselves in the mirror: Madoff is us and Mr. Ponzi is us!
Welcome to our new members from Pa (Owen) from Mississippi (Edward) From New Mexico (Keith and Sue) The internet is a powerful tool to build wealth, real money is silver and gold.
ReplyDeleteVisit Owen @ http://www.owenbrowns.blogspot.com
ReplyDeleteWe think alike!
Everybody knows that gold is a safe investment in times of economic chaos--that's why the U.S. mint recently ran out of gold bullion coins to sell to investors (source: The Los Angeles Times).
ReplyDeleteTook delivery of the 2009 Abraham Lincolin Commemorative silver proof coin. It is a beauty, only minting 500,000 of them.
ReplyDeleteRecommend you order one from http://usmint.com
Next orders come out 4-3-09. A little pricey at around $42.00 but it is a collectors dream!
The Lincoln Commemorative is sold out, per the mints website.
ReplyDeleteChinas recent statement re: our National Debt:
ReplyDeleteby China Premier Wen Jiabao's concerns about the United States' quickly growing debt load.
"We have lent a huge amount of money to the United States," Premier Wen said. "Of course we are concerned about the safety of our assets. To be honest, I am definitely a little bit worried. I request the U.S. to maintain its good credit, to honor its promises and to guarantee the safety of China's assets."
China has cause to be concerned: As of December, the most recent figures available, China held $727.4 billion in Treasuries - about 26% more than the $578 billion in U.S. government securities the Asian giant held at the end of 2007. More than half of China's nearly $2 trillion in foreign currency reserves are ...
Depending upon how it did so, were China to stop buying U.S. debt - or even worse, to start dumping it - the economic fallout could be widespread, and perhaps even catastrophic:
ReplyDeleteThe U.S. dollar would drop 15%-20%.
U.S. stocks would get hammered.
Inflation would spike and interest rates on Treasuries would jump into the 8% range.
And the economy would end up flat on its back - where it would stay, with no rebound on the horizon.
During the first five months of the 2009 fiscal year, which began Oct.1, the U.S. budget deficit hit a record $764.5 billion. Last month, President Obama outlined a $3.94 trillion budget plan that would take the deficit to $1.75 trillion by the time the fiscal year ends Sept. 30. The plan then calls for a $1.17 trillion deficit for fiscal 2010.
ReplyDeleteEmerging markets, led by China and Russia, plan to jointly challenge the U.S. dollar’s role as the world’s sole benchmark currency at the April 2 meeting of the Group 20 nations - a move that underscores the currency’s weakness and fading support around the world.
ReplyDeleteFrom Seeking Alpha 3/26/09
ReplyDeleteIBM shifting jobs abroad. Sources say IBM
(IBM) plans to lay off around 5,000 U.S. employees and transfer many of the jobs to India. The cuts will target the company's global business-services unit, and are part of IBM's efforts to steadily build up its foreign workforce. Foreign workers accounted for 71% of IBM's employees at the start of the year, up from 65% in 2006.
More U.S. companies outsourcing more U.S. jobs, Why?
From Seeking Alpha:
ReplyDelete3:09 PM New York Times (NYT) sues the Fed and Treasury for their foot-dragging on responding to Freedom of Information Act requests. The paper wants access to records of who Bernanke and Paulson consulted with in creating TARP, and how BlackRock (BLK), Pimco (AZ), Goldman Sachs (GS) and Wellington were chosen to manage parts of the bailout
So...Who Owns the U.S. Treasury?
ReplyDeleteIt should be coming together for you now...the concern about China as a Treasury buyer (and owner of roughly 1/3rd of the securities outstanding)...China issuing concerns about their Treasury stock...and rumblings of a new "world reserve currency system"...
So China needs to buy Treasuries in order to keep their currency cheap and the exports flowing. But that's not the only thing they get from the U.S. Treasury. They get interest payments...which offset inflation and preserve the value of their investment. The Chinese might be looking to hold their currency down, but they're not trying to fall on their sword.