Silver News

The Mission Of The Silver News Surfer Has Always Been & Will Always Be - To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

May Health Wealth And Success Be Yours!


Venezuela Devalues Currency By 46% – Gold & Silver Pop 46%

Silver Bullets
  • How Will Currency Devaluations Like Venezuela Effect My Wealth?
  • What Type Of Precautions Could I Take To Make Sure I Am Protected Against Currency Devaluation?
  • Eric Sprott Says: Expect $200 Silver As Financial System Implodes...
February 11, 2013 1:34 pm est

Monday, Feb. 11th 2013

Venezuela Launches First Nuke In Currency Wars, Devalues Currency By 46% – And that, ladies and gents of Caracas, is how you just lost 46% of you’re purchasing power, unless of course your fiat was in gold and silver, which just jumped by about 46%. And, in case there is confusion, this is in process, and coming soon to every “developed world” near you.

Read More Here

Global Currency War Could Get Nastier: Brazil – Brazilian Finance Minister Guido Mantega told Reuters European countries should focus on reviving their economies with more investments, rather than trying to weaken the euro to protects jobs as France has suggested ahead of next week’s meeting of G20 economic powers.

Read More Here

The Fed’s Bailout Of Europe Continues With Record $237 Billion Injected Into Foreign Banks In Past Month – In the past 4 weeks, the Fed has injected a record $237 billion of cash into foreign banks with access to the Fed’s excess reserves: a number greater than both the cash influx surge seen after the Lehman collapse, and faster and more acute than the massive build up of cash during the spring and summer of 2011 when all the Fed’s brand new QE2 cash was once again, solely used to overfund European bank cash.

Read More Here

US DOLLAR TRIPLE HAMMER TIME – If the implosion of Lehman could only get the dollar to 89.11, is there really any hope for the bulls now?  I don’t think there is.  I’ve labeled the dollar chart the “Triple Hammer Chart”, because I see 3 powerful chart patterns, and all of them are very bearish for the dollar. Silver is setting itself up for a nice rally.  The set-up is very similar to last fall. At the bottom of the chart, note the bullish breakout of the Aroon indicator.    Silver is my favorite asset in the precious metals group, for adding fresh risk capital.  The Bollinger bands are tightening, and that is usually followed by an explosive move.

Read More Here

Eric Sprott – Expect $200 Silver As Financial System Implodes ~ The beauty of silver of course is there is not much inventory in the world.  The buying at the Mint, as a proxy, suggests that people are putting as many dollars into silver as they are putting into gold.  So they are buying 50 times more silver than gold. Well, if you are buying it at 50 to 1, and I see it in our Trust issues that we have, we’re buying 50 times more silver which is an absolute impossibility (to sustain), I think silver will by far outperform gold. I’m incredibly bullish on gold, so I’m sure we’ll be seeing $100 and $200 prices for silver.”

Read More Here

28 Charts Every Gold Investor Must See: Gold may be the most controversial asset class in the global financial marketsHowever, many of the conditions that were bullish for gold in the past are looking bullish today. US Funds Frank Holmes, an expert on commodities, recently presented a monster slide deck that made the ultimate bull case for gold. Wealth in the gold-loving emerging markets is on the rise and monetary policy continues to be extremely easy around the world. Also, the year after a presidential election is historically a good one for gold. Holmes has charts illustrating these factors and many other factors that might convince you gold is on its way up.

Read More Here

Gold to hit “$1,900, possibly $2,000” in 6 to 9 months – Dollar weakness is key, says Ultimate Wealth Report editor”Basically, when trends would come to an end, if you were having a gold bubble pop, you wouldn’t have gold consolidating for a year, year and a half in the $1,500 to $1,800 range,” Ultimate Wealth Report editor Sean Hyman tells CNBC in a Feb. 7 interview. “It’s actually building a healthy base to launch higher, in my opinion. I think that we’ll see gold, you know, in the coming six to nine months hit $1,900, possibly $2,000 an ounce. … I think a lot of it is going to be the decline of the dollar. The dollar peaked out last about June, July, broke its one-year uptrend line about August, and has been heading down overall since.”

Read More Here

Spend Your Bernanke Bucks Now on PHYSICAL Gold & Silver! Here’s Why… If Venezuela were any guide, we would have to say “Buy gold and silver, right here, right now!”…For those of you who hold Bernanke Bux, aka fiat paper, pay close attention. Those Venezuelan citizens who held paper Bolivars took a 46% hit on their purchasing power. Those citizens there who held gold and silver saw an equivalent 46% jump in their holdings.  If you think it cannot happen here, you are wrong.  It already has.

(Compliments of www.FinancialArticleSummariesToday.com and www.munKNEE.com and may have been edited, abridged and/or reformatted for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement)

Noonan goes on to say in further edited excerpts: Since the privately owned Federal Reserve took control over this nation’s money supply in 1913, the purchasing power of the commercial debt instrument issued by the Federal Reserve – the fiat-issued Federal Reserve Note (FRN) – has declined to $0.03….

The likelihood of another devaluation of the FRN, this time an “official” one as high as 50% like what happened in Venezuela,  would not be out of the realm of possibility. Anyone who still “values” the holding of valueless paper and has not purchased gold and silver in physical form, lives in denial and will “pay” dearly for that choice. Here is one more fact for you to consider: $16,483,729,858,642.

That is how many fiats are outstanding, a part of which the federal government says is YOUR burden. It is the approximate current cost of kicking the political can down the road in order to pay for all the banking failures, and government spending and….

Conclusion:

Let us be clear…BUY physical gold and silver, now, at any price and at any time, and put it away…NOT in a bank or some financial institution; NOT in any paper form, ETF or any “certificate of ownership” form, which is just a piece of paper.  If you do not hold it, you may never get to own it! Is that worth the risk?…

End