"
In fact, the current system is not fair to the savers of the world. It punishes responsibility and rewards reckless behavior.
This is all tied to interest rates. Before we went off the gold standard, there was no market for speculators to speculate on interest rate changes. That market has grown into a huge beast since 1971. And this is one of the main problems with the current system.
In a pure gold money system (and I'm just speaking hypothetically here, I'm not proposing this system) no interest need be charged for lending, nor earned by saving. In a pure gold money system, deflation of prices is the normal state of things as the economy grows. So if I loan you an ounce of gold for one year, when you return it to me a year later it will be worth more in terms of real goods because the economy has grown while the money supply has remained relatively stable.
On the other hand, if you save an ounce of gold for 5 years, then when you go to spend it, it will buy you more than when you started saving. So saving is rewarded. No interest is needed.
In the fiat system interest is a must, because the dollar is constantly losing value. But part of the problem is that interest does not keep up with inflation. And in order find a way to make interest keep up with inflation, you must put the principle of your savings at risk of loss. This is happening right now. Many savers are not only failing to keep up with inflation, but they are actually losing their principle. This is a major flaw in this system.
On top of that, governments actually MANIPULATES the rate of interest lower than the market wants it. This punishes savers even more.
So with Freegold, we don't have to get rid of fiat currencies for use in trade. But we the people will do our saving in gold. And since the world's economy will still be run on fiat, inflation will still rule the day, not deflation like in a pure gold money system. So the price of gold will float freely against all currencies and provide the stability of savings without the counterparty risk of stocks or bonds. And it will also act as a barometer against governments that print in order to fund their activities. It will expose the credibility of each currency in the world.
So as a borrower, you will still borrow fiat at a rate of interest. And the banks will still print through fractional reserve lending. But as a saver, I will have the choice to save in either Freegold or in the system that pays me some interest, but at a risk. I will have to judge the two options and decide which benefits me the most.
So no, the gold supply does not need to increase. It can, it may, or it may not. Doesn't matter. The free market will set the price of gold relative to the paper currencies in the world. And the key word is Free. With the US dollar gone as the world reserve, replaced by either regional currencies, or by a currency which benefits from a high price of gold, the price of gold will no longer need to be controlled. In fact, it can't be controlled once the dollar reserve system is gone. And that system is crumbling today as I type.
"
http://fofoa.blogspot.com/2008/09/freegold.html
Sunday, December 19, 2010
Tuesday, December 07, 2010
Silver breaks $30, first time in 30 years. Sometimes the hype is right.
Dear Reader.
I've got a couple of things to say today. The first are a couple of quotes excerpted from today's 'Gold and Silver Daily', Ed Steer's newsletter. The whole of which can be found here
1. Here's a GATA release from yesterday afternoon that bears the headline "New law lets Treasury diminish gold, silver coin production". The story says that the "current law requires the Treasury department to mint gold and silver coins "in quantities sufficient to meet public demand."... but the new law would require the department to mint gold and silver coins "in quantities and qualities that the secretary determines are sufficient to meet public demand." It's soon to be a whole new ball game out there, dear reader... so buy as many gold and silver eagles as you can, because you can bet your last nickel that the day will come [soon] when they just won't be available in "quantities sufficient to meet demand". The link to the story is here.
2. As I've been mentioning lately, the silver price [and especially the silver equities] are starting to leave their golden brethren far behind. At $60 silver, one can only imagine what some of these silver stocks are going to be bid up to. As our grand poobah [Doug Casey] is wont to say from time to time... when this bull market really takes the bit between its teeth, it will be like trying to get the entire contents of Hoover Dam through a garden hose. We're starting to get a sniff of that now. But, we ain't seen nothin' yet... so hang on tight. It will be the ride of your life before this is all over... and one for the history books.
------------------
And the second is to let you know how I calculate what I call the 'Single Coin Street Price' for Silver Eagles - just so you'll understand the difference between spot price and purchase price.
Just know that even with the best dealer at the lowest premium it is still going to cost you (at the very least) 15% over spot and likely more, depending on your dealer. This additional cost covers three factors often overlooked when using spot price to gauge a good deal or not. These three factors are:
1. Since you always have to use a credit card to purchase small amounts, there's a credit card percentage of at least 2.75 percent, often more like 3%. I use 2.75 for my calculations.
2. There will always be shipping charges, often a minimum of $12.95, so it matters how much you buy. I add a per coin shipping charge of 65 cents - 1/20th of 12.95 (which is the charge for a tube weight).
3. And then there's the premium, which is the dealer's markup or profit margin, which is rarely less than $3/coin. So that's what I use.
So my calculation of 15% is the best possible scenario, a combination of the best possible circumstances. And it's what I or you MUST pay in order to obtain 1-50 coins. It's the basic cost of a coin.
Now add five percent to this 'basic cost' for my service of having done all the work and having the coin available for immediate purchase and sealed in an airtite plastic container, and the total 'over spot' percentage is very close to 20.
Soooo... I set my basic selling price for Bullion Silver Eagles at 20% over spot - with slightly lower rates according to increased quantity. It's not exact. I round up the spot price based on trend and expectation and knock down the overall total to the nearest buck or so for friendship sake.
So this is how I determine my 'single coin street price' and for small quantities (a few tubes or less) it is quite fair and saves you, the purchaser, the trouble of shopping around and waiting for delivery. A coin in the hand is worth two in cyberspace. The whole point is to make you a convenient deal for a one-stop, no hassle purchase of a coin or two for your spare change. Kids are especially welcome. Larger quantities get better deals of course. Ask about co-op purchases for the absolute best wholesale prices.
At the moment I have 5 coins for sale at $35 each. (Spot 30 plus 20% or $6 = $36).
Also, I have a sophisticated spreadsheet for tracking profit margins daily, weekly and monthly. Just call me with your quantity, cost and purchase date, and I'll send you a weekly or monthly report on the rise in value of your holding.
For example: When we first started doing this in July 2010, our purchase of a box (500) of eagles was $9,840 at spot 17.92. (Don't you wish you'd been there then? :) That investment today is conservatively worth $15,000 - a profit of $5,160. That is 53% increase in 152 days, or 21.75 weeks, or 5.1 months. 50% in 5 months? Isn't that close to 10% a month? For all the accounts I'm tracking, that average holds constant.
Now in all honesty, there are potentially more lucrative investments, Junior Miners for example. And for large money, after having bought a sufficiently substantial quantity of physical, this is the way to go. There are some very good advisors available to help you with that and I'm happy to steer you towards them. But for the moment, and in the beginning, we should focus on physical, because, as mentioned above, there will be a shortage sometime soon, and the prices are skyrocketing as we speak, and there's literally no end in sight.
So now, my friends. Now is the time, at any quantity, large or small, to get started or increase your holdings to your capacity. Sometimes the hype is right.
w/love
ali
I've got a couple of things to say today. The first are a couple of quotes excerpted from today's 'Gold and Silver Daily', Ed Steer's newsletter. The whole of which can be found here
1. Here's a GATA release from yesterday afternoon that bears the headline "New law lets Treasury diminish gold, silver coin production". The story says that the "current law requires the Treasury department to mint gold and silver coins "in quantities sufficient to meet public demand."... but the new law would require the department to mint gold and silver coins "in quantities and qualities that the secretary determines are sufficient to meet public demand." It's soon to be a whole new ball game out there, dear reader... so buy as many gold and silver eagles as you can, because you can bet your last nickel that the day will come [soon] when they just won't be available in "quantities sufficient to meet demand". The link to the story is here.
2. As I've been mentioning lately, the silver price [and especially the silver equities] are starting to leave their golden brethren far behind. At $60 silver, one can only imagine what some of these silver stocks are going to be bid up to. As our grand poobah [Doug Casey] is wont to say from time to time... when this bull market really takes the bit between its teeth, it will be like trying to get the entire contents of Hoover Dam through a garden hose. We're starting to get a sniff of that now. But, we ain't seen nothin' yet... so hang on tight. It will be the ride of your life before this is all over... and one for the history books.
------------------
And the second is to let you know how I calculate what I call the 'Single Coin Street Price' for Silver Eagles - just so you'll understand the difference between spot price and purchase price.
Just know that even with the best dealer at the lowest premium it is still going to cost you (at the very least) 15% over spot and likely more, depending on your dealer. This additional cost covers three factors often overlooked when using spot price to gauge a good deal or not. These three factors are:
1. Since you always have to use a credit card to purchase small amounts, there's a credit card percentage of at least 2.75 percent, often more like 3%. I use 2.75 for my calculations.
2. There will always be shipping charges, often a minimum of $12.95, so it matters how much you buy. I add a per coin shipping charge of 65 cents - 1/20th of 12.95 (which is the charge for a tube weight).
3. And then there's the premium, which is the dealer's markup or profit margin, which is rarely less than $3/coin. So that's what I use.
So my calculation of 15% is the best possible scenario, a combination of the best possible circumstances. And it's what I or you MUST pay in order to obtain 1-50 coins. It's the basic cost of a coin.
Now add five percent to this 'basic cost' for my service of having done all the work and having the coin available for immediate purchase and sealed in an airtite plastic container, and the total 'over spot' percentage is very close to 20.
Soooo... I set my basic selling price for Bullion Silver Eagles at 20% over spot - with slightly lower rates according to increased quantity. It's not exact. I round up the spot price based on trend and expectation and knock down the overall total to the nearest buck or so for friendship sake.
So this is how I determine my 'single coin street price' and for small quantities (a few tubes or less) it is quite fair and saves you, the purchaser, the trouble of shopping around and waiting for delivery. A coin in the hand is worth two in cyberspace. The whole point is to make you a convenient deal for a one-stop, no hassle purchase of a coin or two for your spare change. Kids are especially welcome. Larger quantities get better deals of course. Ask about co-op purchases for the absolute best wholesale prices.
At the moment I have 5 coins for sale at $35 each. (Spot 30 plus 20% or $6 = $36).
Also, I have a sophisticated spreadsheet for tracking profit margins daily, weekly and monthly. Just call me with your quantity, cost and purchase date, and I'll send you a weekly or monthly report on the rise in value of your holding.
For example: When we first started doing this in July 2010, our purchase of a box (500) of eagles was $9,840 at spot 17.92. (Don't you wish you'd been there then? :) That investment today is conservatively worth $15,000 - a profit of $5,160. That is 53% increase in 152 days, or 21.75 weeks, or 5.1 months. 50% in 5 months? Isn't that close to 10% a month? For all the accounts I'm tracking, that average holds constant.
Now in all honesty, there are potentially more lucrative investments, Junior Miners for example. And for large money, after having bought a sufficiently substantial quantity of physical, this is the way to go. There are some very good advisors available to help you with that and I'm happy to steer you towards them. But for the moment, and in the beginning, we should focus on physical, because, as mentioned above, there will be a shortage sometime soon, and the prices are skyrocketing as we speak, and there's literally no end in sight.
So now, my friends. Now is the time, at any quantity, large or small, to get started or increase your holdings to your capacity. Sometimes the hype is right.
w/love
ali
Monday, November 29, 2010
What's it all about?
Thus, the fight over gold and silver as media of exchange is about more than mere money, let alone making money. For it is a fight with only two possible outcomes: either control of their own lives by the people themselves, or control of the people and their lives by political and economic elitists. - Dr. Edwin Vieira
The U.S. Economy: Stand by for more worse news ~ Wayne Madsen
A top economic adviser to the Democratic Party, speaking on deep background, told WMR that the domino-like collapse of the economies of Iceland, Greece, Ireland, and, now, possibly Spain, is coming also to the United States.
One of the triggering mechanisms will be at the end of this month when two million idled workers, now collecting unemployment, will be dropped from the rolls. At the end of December, another two million workers will join the ranks of those who have exhausted their unemployment benefits and a total of 4 million Americans will be without unemployment checks and face destitution.
Four million Americans will put financial pressure on municipalities and state governments already facing bankruptcy. Unlike Iceland, Ireland, Greece, Portugal, and, to some extent, Spain, which have strong central government control, the United States is a federal republic and, as such, the collapse of the economy will be state-by-state and begin at the municipality level, according to our source who has contacts within the Obama White House and the Democratic leadership of the Congress.
Municipalities, which guarantee the pensions of their retired employees through the issuance of municipal bonds, will find themselves faced with bankruptcy and the "Muni" bonds will be rated at junk status. Municipalities unable to pay out pensions will discover their pension funds can be bailed out by the Pension Benefit Guaranty Corporation (PBGC) in Washington, a federal corporation set up by the Employee Retirement Income Security Act of 1974.When the first municipality declares bankruptcy and seeks a bailout from the PBGC, there will be a domino effect, with others seeing it as a quick way out. Soon, the PBGC will, itself, be forced into bankruptcy. WMR has been told by our source it is doubtful that a Republican Congress will be interested in bailing out the PBGC.
The wildfire of municipality bankruptcies will then spread to the states, with California and Illinois likely to be the first two states to default on their debts and declare bankruptcy.
In order to raise quick cash for a financially-desperate state government, California Governor Arnold Schwarzenegger plans to sell 24 state buildings, including the Earl Warren Building in San Francisco, headquarters for the California Supreme Court, and then rent them back from the new owners. However, such desperate moves by states, including the selling off of their turnpike systems and state buildings — with parks maybe next on the auction block — is not enough to forestall bankruptcy. Unlike the federal government, which can print as much cash as it likes and needs, states do not have that luxury. However, given the imminent collapse of the national economy, some states may decide to print their own currency, an act that would lead to the dissolution of the present 50-state union.
As far as bank accounts are concerned, our source recommended avoiding large national and regional banks that have a high percentage of toxic assets, especially in the commercial real estate area. The next major bust, after the residential real estate plunge, will be commercial real estate, where values of buildings and shopping centers have been halved. Our source sees smaller, state-based banks, as safer for account holders. Also, as more and more large shopping malls begin to close across the country, the unemployment numbers will also skyrocket.
Another post:
Hungary is giving its citizens an ultimatum: move your private-pension fund assets to the state or lose your state pension. They want to use the money to reduce the budget deficit and public debt. Workers who opt against returning to the state system stand to lose 70 percent of their pension claim. This is effectively a nationalization of private pension funds. I've heard rumours on the Net to the effect that Obama was thinking out loud about the same thing some time back.
The U.S. Economy: Stand by for more worse news ~ Wayne Madsen
A top economic adviser to the Democratic Party, speaking on deep background, told WMR that the domino-like collapse of the economies of Iceland, Greece, Ireland, and, now, possibly Spain, is coming also to the United States.
One of the triggering mechanisms will be at the end of this month when two million idled workers, now collecting unemployment, will be dropped from the rolls. At the end of December, another two million workers will join the ranks of those who have exhausted their unemployment benefits and a total of 4 million Americans will be without unemployment checks and face destitution.
Four million Americans will put financial pressure on municipalities and state governments already facing bankruptcy. Unlike Iceland, Ireland, Greece, Portugal, and, to some extent, Spain, which have strong central government control, the United States is a federal republic and, as such, the collapse of the economy will be state-by-state and begin at the municipality level, according to our source who has contacts within the Obama White House and the Democratic leadership of the Congress.
Municipalities, which guarantee the pensions of their retired employees through the issuance of municipal bonds, will find themselves faced with bankruptcy and the "Muni" bonds will be rated at junk status. Municipalities unable to pay out pensions will discover their pension funds can be bailed out by the Pension Benefit Guaranty Corporation (PBGC) in Washington, a federal corporation set up by the Employee Retirement Income Security Act of 1974.When the first municipality declares bankruptcy and seeks a bailout from the PBGC, there will be a domino effect, with others seeing it as a quick way out. Soon, the PBGC will, itself, be forced into bankruptcy. WMR has been told by our source it is doubtful that a Republican Congress will be interested in bailing out the PBGC.
The wildfire of municipality bankruptcies will then spread to the states, with California and Illinois likely to be the first two states to default on their debts and declare bankruptcy.
In order to raise quick cash for a financially-desperate state government, California Governor Arnold Schwarzenegger plans to sell 24 state buildings, including the Earl Warren Building in San Francisco, headquarters for the California Supreme Court, and then rent them back from the new owners. However, such desperate moves by states, including the selling off of their turnpike systems and state buildings — with parks maybe next on the auction block — is not enough to forestall bankruptcy. Unlike the federal government, which can print as much cash as it likes and needs, states do not have that luxury. However, given the imminent collapse of the national economy, some states may decide to print their own currency, an act that would lead to the dissolution of the present 50-state union.
As far as bank accounts are concerned, our source recommended avoiding large national and regional banks that have a high percentage of toxic assets, especially in the commercial real estate area. The next major bust, after the residential real estate plunge, will be commercial real estate, where values of buildings and shopping centers have been halved. Our source sees smaller, state-based banks, as safer for account holders. Also, as more and more large shopping malls begin to close across the country, the unemployment numbers will also skyrocket.
Another post:
Hungary is giving its citizens an ultimatum: move your private-pension fund assets to the state or lose your state pension. They want to use the money to reduce the budget deficit and public debt. Workers who opt against returning to the state system stand to lose 70 percent of their pension claim. This is effectively a nationalization of private pension funds. I've heard rumours on the Net to the effect that Obama was thinking out loud about the same thing some time back.
Monday, November 01, 2010
Want the whole story?
For an extensive and interestingly written history of Gold, money and Oil, please go to http://www.usagold.com/halloffame.html
Knowledge is power, and with it your destiny shall be yours to decide.
"...It should be obvious by the nature of our topic (money) that our conversation is focused on tomorrow, in addition to today. Were we to be truly concerned about today only, we would instead discuss whether our needs of food, clothing, and shelter had been adequately met, we would not speak of money. To speak of money is to speak of today's confidence in our ability of meeting tomorrow's needs." - Aragon III
Buy physical gold to hold. In the time to come, this money in the hand will outperform any investment you have ever known. Few today accept just how high physical gold will rise. Be a part of the "physical gold advocates" and tell a story your grandchildren will grow tired from hearing! (large smile)
Thank You for reading.
FOA
Knowledge is power, and with it your destiny shall be yours to decide.
"...It should be obvious by the nature of our topic (money) that our conversation is focused on tomorrow, in addition to today. Were we to be truly concerned about today only, we would instead discuss whether our needs of food, clothing, and shelter had been adequately met, we would not speak of money. To speak of money is to speak of today's confidence in our ability of meeting tomorrow's needs." - Aragon III
Buy physical gold to hold. In the time to come, this money in the hand will outperform any investment you have ever known. Few today accept just how high physical gold will rise. Be a part of the "physical gold advocates" and tell a story your grandchildren will grow tired from hearing! (large smile)
Thank You for reading.
FOA
Friday, October 01, 2010
Silver at $23 within hours!?
Dear reader, Silver at $23 within hours!? Let’s wait and see. But…
Checking the charts I noticed that on Aug 24, my birthday, silver broke loose from its $18/oz. restraint and shot straight up from 17.80 to 19.10 in two days. From that point it rarely dropped but steadily increased in value (vis-à-vis the dollar) to its present point at 22, from which it is destined to rise even further with no end in sight. This move, besides being of historical significance, represents a gain of four dollars in five weeks. $18 spot to $22 spot from 8/24 to 9/30. That is nearly a dollar a week. And the more recent climb suggests the possibility of an increase in the rate of rise, so a dollar a week is far from impossible, especially if it jumps to $23 within hours as James Turk is predicting. A dollar a week! Anybody got a grand to loan me?
Also, APMEX sent me this bulletin:
"The U.S. Mint announced today that it is significantly raising the premium on all Silver American Eagle coins. Obviously, every dealer will have to increase their premiums on Silver American Eagle coins. This breaking news comes on the heels of silver reaching a new 30-year record high over the past week. If you already own Silver American Eagles, the value of your coins has steadily increased. The chart on the right displays the correlation between the Spot Price of Silver and the S&P Index, from January 2000 to the present. This chart clearly shows that over the last 10 years your money was better invested in Silver by a better than a 4:1 ratio."
The full story is here: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
“The United States Mint has officially raised their wholesale pricing above spot on American Silver Ea-gles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%. This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 per ounce. The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide.”
Headlines from Ed Steer’s Gold and Silver Daily: Welcome to the Mania - "James Turk sees silver at $23 and gold at $1,335 within hours! U.S. Mint increases premiums on silver eagles by 33%. Ireland nationalizes its second largest bank. Iran's gold traders go on strike... and much more.” This one is a blockbuster! Every article jam packed Read it here:
The title “Welcome to the Mania” refers to the third stage of a bull market: the first being suspicion and prediction, the second being special attention, the third being general mania (the cat’s out of the bag), and the fourth is a leveling at a new plateau. So the rush is on. A GREAT article. Read it here.
It doesn’t mean it’s too late to buy, just that you’ll be getting increasingly less for your money the longer you wait. Do NOT expect or wait for dips. That strategy is for players who are gambling with their money. The strategy for Savers is to buy whatever you can as soon as you can and KEEP it. The sooner you sink your greenbacks into the physical possession of silver the safer they will be.
And now on with the news.
Checking the charts I noticed that on Aug 24, my birthday, silver broke loose from its $18/oz. restraint and shot straight up from 17.80 to 19.10 in two days. From that point it rarely dropped but steadily increased in value (vis-à-vis the dollar) to its present point at 22, from which it is destined to rise even further with no end in sight. This move, besides being of historical significance, represents a gain of four dollars in five weeks. $18 spot to $22 spot from 8/24 to 9/30. That is nearly a dollar a week. And the more recent climb suggests the possibility of an increase in the rate of rise, so a dollar a week is far from impossible, especially if it jumps to $23 within hours as James Turk is predicting. A dollar a week! Anybody got a grand to loan me?
Also, APMEX sent me this bulletin:
"The U.S. Mint announced today that it is significantly raising the premium on all Silver American Eagle coins. Obviously, every dealer will have to increase their premiums on Silver American Eagle coins. This breaking news comes on the heels of silver reaching a new 30-year record high over the past week. If you already own Silver American Eagles, the value of your coins has steadily increased. The chart on the right displays the correlation between the Spot Price of Silver and the S&P Index, from January 2000 to the present. This chart clearly shows that over the last 10 years your money was better invested in Silver by a better than a 4:1 ratio."The full story is here: US Mint Announces 33% Price Increase on Silver American Eagle Premiums!
“The United States Mint has officially raised their wholesale pricing above spot on American Silver Ea-gles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%. This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 per ounce. The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide.”
Headlines from Ed Steer’s Gold and Silver Daily: Welcome to the Mania - "James Turk sees silver at $23 and gold at $1,335 within hours! U.S. Mint increases premiums on silver eagles by 33%. Ireland nationalizes its second largest bank. Iran's gold traders go on strike... and much more.” This one is a blockbuster! Every article jam packed Read it here:
The title “Welcome to the Mania” refers to the third stage of a bull market: the first being suspicion and prediction, the second being special attention, the third being general mania (the cat’s out of the bag), and the fourth is a leveling at a new plateau. So the rush is on. A GREAT article. Read it here.
It doesn’t mean it’s too late to buy, just that you’ll be getting increasingly less for your money the longer you wait. Do NOT expect or wait for dips. That strategy is for players who are gambling with their money. The strategy for Savers is to buy whatever you can as soon as you can and KEEP it. The sooner you sink your greenbacks into the physical possession of silver the safer they will be.
And now on with the news.
Monday, September 27, 2010
Monday late night - what a ride!
Monday late night - what a ride!
Two things of interest today...
Casey's Daily dispatch - Welcome to the Mania
And a new discovery that I'm calling the "Committed Argument". Expected Returns -Now this one is really worth reading from top to bottom because it explains in layman's terms exactly what's happening and exactly what you should be doing. It starts with his latest article called "Smart Money "and moves into "Riding Bull Markets: The Difference Between Pros and Speculators", and goes on from there. Very easy reading and informative in the extreme.
Be sure to review the Top Five daily. These are: GATA, FOFOA, The Golden Truth, King World News and Ed Steer's G&S Daily.
All linked on the left at Silvernews. There is a wealth of current information to be had from these sources.
love you all.
Please buy silver regularly in any small amounts at Gainesville Coins,
Hold on and don't let go. Large amounts call me. Call me if you need to talk about it. 618-698-8001
Ali
Two things of interest today...
Casey's Daily dispatch - Welcome to the Mania
And a new discovery that I'm calling the "Committed Argument". Expected Returns -Now this one is really worth reading from top to bottom because it explains in layman's terms exactly what's happening and exactly what you should be doing. It starts with his latest article called "Smart Money "and moves into "Riding Bull Markets: The Difference Between Pros and Speculators", and goes on from there. Very easy reading and informative in the extreme.
Be sure to review the Top Five daily. These are: GATA, FOFOA, The Golden Truth, King World News and Ed Steer's G&S Daily.
All linked on the left at Silvernews. There is a wealth of current information to be had from these sources.
love you all.
Please buy silver regularly in any small amounts at Gainesville Coins,
Hold on and don't let go. Large amounts call me. Call me if you need to talk about it. 618-698-8001
Ali
Friday, September 24, 2010
Finally
So that's it, folks.
I started this blog less than 2 months ago, (July 30), the purpose being to educate myself (and hopefully you) and chronicle an important time in American history and research the events that led up to it - the rise of silver (and gold, but that was a given), from semi-obscurity, known only to a few truth-tellers but for a very long time, and to learn for myself what was really going on behind the scenes of this not very popular but seminally important subject. At that time a 'monster box' (500 American Eagle Silver troy ounces) was to be had for $9.8K. Now it's nearly 11.8 and rising. From 10K to 12K in two months? You do the math! Does that explain it all?
Last week James Turk said $21 silver should be the trigger price for a price explosion; and Eric Sprott bought 6 tons of gold for his Physical Trust. As you've certainly noticed, it busted $21 and is on the rise (in spite of the attempts of the big guys to keep shooting it down, they've simply run out of bullets).
This week he talks about silver reaching $30 within the next few weeks... and warns precious metals investors not to trade themselves out of their positions. Instead he urges steady accumulation for the long term as a form of savings in sound money. The link to this must listen interview is here.
So mission accomplished. The whole history is linked here on these pages. Silver and gold are launched as they were predicted to be. There's nowhere now to go but up, and you do not need my help buying. If you want to know the very best sources just give me a call.
Other than the decline and fall of the American economy - who gets blamed, who gets caught and who gets away - there's not much more to tell. I hope you all got in on the beginning and will manifest abundance in hard times as a result. And if not, the end is nowhere in sight. It's by no means too late. Buy it now. It's destined to double triple, quadruple and even quintuple in a relatively very short time period. It's just the nature of failed corruption.
Subscribe to Ed Steer's Gold and Silver Daily and the Casey Report, and any of the many other great commentators listed on the blog. It's all here! If you like the really heady stuff you gotta read FOFOA and learn about Austrian Economics. There's so much more, but only if you're interested.
Thanks for your indulgence.
w/love
ali
I started this blog less than 2 months ago, (July 30), the purpose being to educate myself (and hopefully you) and chronicle an important time in American history and research the events that led up to it - the rise of silver (and gold, but that was a given), from semi-obscurity, known only to a few truth-tellers but for a very long time, and to learn for myself what was really going on behind the scenes of this not very popular but seminally important subject. At that time a 'monster box' (500 American Eagle Silver troy ounces) was to be had for $9.8K. Now it's nearly 11.8 and rising. From 10K to 12K in two months? You do the math! Does that explain it all?
Last week James Turk said $21 silver should be the trigger price for a price explosion; and Eric Sprott bought 6 tons of gold for his Physical Trust. As you've certainly noticed, it busted $21 and is on the rise (in spite of the attempts of the big guys to keep shooting it down, they've simply run out of bullets).
This week he talks about silver reaching $30 within the next few weeks... and warns precious metals investors not to trade themselves out of their positions. Instead he urges steady accumulation for the long term as a form of savings in sound money. The link to this must listen interview is here.
So mission accomplished. The whole history is linked here on these pages. Silver and gold are launched as they were predicted to be. There's nowhere now to go but up, and you do not need my help buying. If you want to know the very best sources just give me a call.
Other than the decline and fall of the American economy - who gets blamed, who gets caught and who gets away - there's not much more to tell. I hope you all got in on the beginning and will manifest abundance in hard times as a result. And if not, the end is nowhere in sight. It's by no means too late. Buy it now. It's destined to double triple, quadruple and even quintuple in a relatively very short time period. It's just the nature of failed corruption.
Subscribe to Ed Steer's Gold and Silver Daily and the Casey Report, and any of the many other great commentators listed on the blog. It's all here! If you like the really heady stuff you gotta read FOFOA and learn about Austrian Economics. There's so much more, but only if you're interested.
Thanks for your indulgence.
w/love
ali
Friday, September 17, 2010
$21 might do it - JT
Good Friday AM Dear Reader,
From Ed Steer’s Daily, these headlines:
James Turk says $21 silver should be the trigger price for a price explosion. Sprott buys 6 tons of gold.
James Turk (KWN)- “Here We Go Again”
Gold is at new record highs in European trading and silver is attempting a move towards $21. In an in-terview with King World News from Spain, James Turk stated, “While gold is moving higher, I am really focused on the $21 level in silver...”
Sprott buys 6 tons of gold.
And why should you care, you might ask? Sprott Physical Trust is one of the most respected of the “new” trusts. Not only is its founder respected but the principle upon which he founded this trust is considered to be the only truly sound principle for PM trusts in general. It requires a little study, but that’s the gist of it. That’s why Sprott is worth watching.
Also from a King World News (KWN) Interview…
Richard Russell, September 2010 “What we see here is one of the greatest, least loved, and least recognized primary bull markets in his-tory…. This great gold bull market is something that one sees maybe once or twice in a lifetime.”
And from Roger Mason’s Monthly Rant:
G/S ratio dropped from 65 to 61 - heading to 30 and then 15
“The gold to silver ratio has fallen from 65 to 1 all the way to 61 to 1 in less than a month. This will fall to the traditional 15 to 1 ratio. This is why silver is four times better than gold. Buy silver, not gold. Look for possibly $6,000 gold and $400 silver….
“We are going to have to sell our silver stocks because the best ones are in Mexico. You cannot invest in Central of South American countries like Peru and Chile. Mexico is bankrupt and under the control of the drug cartels. They are almost out of oil which is their biggest source of income. The peso will collapse. Tourism is dead. If drugs were legalized the cartels would disappear overnight and they could get their country back. This is why we are going to have to sell our silver stocks when the HUI to silver ratio improves to about 30 to 1. You can sell your silver stocks today if you want and buy bullion, but you'll be selling at a loss….
“The Mexicans are considering full drug legalization to get their country back. Former president Vincente Fox is all for it. Current president Felipe Calderon wants to, but is afraid of the political backlash. Billionaire Ricado Pliego, who owns the media down there, is firmly behind it. Another former president Ernesto Zedillo is behind this, and says the drug laws don't work. Simply legalizing all drugs (yes, cocaine and heroin) for adults would put an end to the cartels worldwide, the gangs, the violence, the murders, and the anarchy overnight. Drug use would not increase, as everyone who wants to use drugs is already using them. They are just paying more for them….
“See you in October. Buy all the silver you can. When is the best time to buy silver? WHEN YOU HAVE MONEY IN YOUR POCKET, that's when.”
If the idea of learning about all this piques your interest, visit my website. It might be a good place to start.
w/love
ali
http://surrenderworks.blogspot.com/
From Ed Steer’s Daily, these headlines:
James Turk says $21 silver should be the trigger price for a price explosion. Sprott buys 6 tons of gold.
James Turk (KWN)- “Here We Go Again”
Gold is at new record highs in European trading and silver is attempting a move towards $21. In an in-terview with King World News from Spain, James Turk stated, “While gold is moving higher, I am really focused on the $21 level in silver...”
Sprott buys 6 tons of gold.
And why should you care, you might ask? Sprott Physical Trust is one of the most respected of the “new” trusts. Not only is its founder respected but the principle upon which he founded this trust is considered to be the only truly sound principle for PM trusts in general. It requires a little study, but that’s the gist of it. That’s why Sprott is worth watching.
Also from a King World News (KWN) Interview…
Richard Russell, September 2010 “What we see here is one of the greatest, least loved, and least recognized primary bull markets in his-tory…. This great gold bull market is something that one sees maybe once or twice in a lifetime.”
And from Roger Mason’s Monthly Rant:
G/S ratio dropped from 65 to 61 - heading to 30 and then 15
“The gold to silver ratio has fallen from 65 to 1 all the way to 61 to 1 in less than a month. This will fall to the traditional 15 to 1 ratio. This is why silver is four times better than gold. Buy silver, not gold. Look for possibly $6,000 gold and $400 silver….
“We are going to have to sell our silver stocks because the best ones are in Mexico. You cannot invest in Central of South American countries like Peru and Chile. Mexico is bankrupt and under the control of the drug cartels. They are almost out of oil which is their biggest source of income. The peso will collapse. Tourism is dead. If drugs were legalized the cartels would disappear overnight and they could get their country back. This is why we are going to have to sell our silver stocks when the HUI to silver ratio improves to about 30 to 1. You can sell your silver stocks today if you want and buy bullion, but you'll be selling at a loss….
“The Mexicans are considering full drug legalization to get their country back. Former president Vincente Fox is all for it. Current president Felipe Calderon wants to, but is afraid of the political backlash. Billionaire Ricado Pliego, who owns the media down there, is firmly behind it. Another former president Ernesto Zedillo is behind this, and says the drug laws don't work. Simply legalizing all drugs (yes, cocaine and heroin) for adults would put an end to the cartels worldwide, the gangs, the violence, the murders, and the anarchy overnight. Drug use would not increase, as everyone who wants to use drugs is already using them. They are just paying more for them….
“See you in October. Buy all the silver you can. When is the best time to buy silver? WHEN YOU HAVE MONEY IN YOUR POCKET, that's when.”
If the idea of learning about all this piques your interest, visit my website. It might be a good place to start.
w/love
ali
http://surrenderworks.blogspot.com/
Wednesday, September 15, 2010
To My Local Community
Silver Coins in Small Quantities
In order to allow kids and low budget buyers to obtain silver coins in small quantities from time to time, I will sell 1 oz. Silver coins at roughly $5.00 (0r 25%) over spot. At the moment this amounts to $25.00 per coin.
This is a very good deal considering that to purchase small amounts (single coins) is both time consum-ing and expensive. Since I buy in (small) bulk, I can pass the savings and save you the work.
This price comprises seller’s premium (av. $3), S&H ($1 per coin) with a $1 margin. The same coins are selling on E-bay for approx. $3.00 premium plus shipping which is often as much as $4 but sometimes a little less.
For larger quantities (more than 10) give me a call.
The value of these coins is in the process of increasing exponentially.
On June 14, a box of 500 coins cost $9,840.
On August 6, it was $10,135,
On Sept. 14, $1,1130.
Do you see the pattern? That’s roughly $1,300 (13%) in three months. And it’s only beginning.
So in my desire to spread the wealth, I’m offering to the local community coins in small quantities at a good price (and co-op buying). Any time you have some money you’d like to save and watch grow, just let me know.
w/love
ali
In order to allow kids and low budget buyers to obtain silver coins in small quantities from time to time, I will sell 1 oz. Silver coins at roughly $5.00 (0r 25%) over spot. At the moment this amounts to $25.00 per coin.
This is a very good deal considering that to purchase small amounts (single coins) is both time consum-ing and expensive. Since I buy in (small) bulk, I can pass the savings and save you the work.
This price comprises seller’s premium (av. $3), S&H ($1 per coin) with a $1 margin. The same coins are selling on E-bay for approx. $3.00 premium plus shipping which is often as much as $4 but sometimes a little less.
For larger quantities (more than 10) give me a call.
The value of these coins is in the process of increasing exponentially.
On June 14, a box of 500 coins cost $9,840.
On August 6, it was $10,135,
On Sept. 14, $1,1130.
Do you see the pattern? That’s roughly $1,300 (13%) in three months. And it’s only beginning.
So in my desire to spread the wealth, I’m offering to the local community coins in small quantities at a good price (and co-op buying). Any time you have some money you’d like to save and watch grow, just let me know.
w/love
ali
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