On a Personal Note…
Just FYI – In case you were not aware – Aside from great advice and good reading… The Silver News Surfer does sell silver and gold also.
There will be a very busy week ahead with regard to the markets as the FED will be meeting this week, as well as key data which includes the jobs report from April.
I would like to remind you to tune out the daily noise and fasten your seat belts for a bumpy week ahead. I say tune out the noise because regardless of the (falsified and manipulated) government data, the supply and demand issue for gold & silver exists bigger today than in many years.
This is one of the best opportunities I have seen in at least 2.5 years since silver was taken from $22-23 in late 2010 to just under $50 in early 2011.
I urge all my readers once again – Do not focus on the price, focus on the value of having physical silver and gold as part of your diversified portfolio strategy… I will show you why at my conclusion.
May Health Wealth And Success Be Yours!
The Silver News Surfer
Now, onto the business of protecting your wealth…
Today, there are so many reasons mounting up that remind us why we need to re-evaluate our portfolio and have more of it outside the financial system as a way to preserve our wealth, protect our purchasing power and create generational wealth.
The latest scandal exposed is similarly related to the LIBOR Rate scandal, only this time, its been said it is interest rate swaps –
Folks, “they” will manipulate and “fix” anything they can get their hands on.
We realize that silver and gold are “fixed” also, but until it comes to public light, they will continue to do it. However, if they didn’t manipulate the price of silver and gold, today, you would be paying somewhere in the neighborhood of $2,500 gold and $75 silver – so we must remember to say “thank you” to them for this gift!
We also know that their latest attempt to manipulate the PM’s has backfired and caused a massive shortage for the real physical and even though there were a lot of people who did get scared out of their holdings, we still must look at this as a unintended gift from the elite –
Therefore, when someone hands you a gift, do you say no thank you, or do you take it and smile? Same rules apply here!
Today’s conclusion is quite short and simple – If you stop and think for just a minute and ask yourself some questions like:
Does inflation exist today?
Yes: On several levels. At the gas pump and at the grocery store. In 2008 gas was at $1.50 and now its over $3.50 – That’s more than double! In 2008 I could walk out of the grocery store with a cart full of groceries for $100, now you can carry it out with 2 hands and not even break a sweat!
Does the Government intentionally devalue our currency?
Yes: The money printing has NOT stopped since the 2008 financial crisis and even though they try to say they will pull back because the economy is improving… believe it ONLY when you see it!
Do we still have geo-political tensions today and threats of war and violence?
Yes: Actually more so today than ever before. With the nutjob in N. Korea still on the loose with nuclear war heads and a short temper, we can expect a breakout anytime. Also, here on the US soil, people are bombing and shooting each other like we are in a 3rd world country. I feel that at least one reason is because when people have nothing to lose, they lose it! Create jobs and put them to work!
Is there really a supply and demand imbalance with silver and gold?
Yes: There was already a supply and demand imbalance before this last cartel driven take down occurred, they just sped it up for us.
Does the “price” of silver and gold accurately represent the “value”?
Yes: Just playing guys – I just wanted to make sure you are paying attention!
Of course not! How can something in such high demand for both industrial use and investor demand be selling for $24 an ounce? How can something that was a short time ago selling for $48 an ounce be worth half that value?
Didn’t I just show you inflation from 2008? How can gas and groceries more that double, yet silver went down in price? That is why I tell you that SILVER is the most UNDERVALUED asset there is in the world today – period! No ifs ands or buts!
Friends, I have just showed you more reasons why you need to have gold & silver – If you have some, great – be greedy and buy more!
Now, on to the breaking news that matters…
Scramble for silver coins driven by bargain hunting, not fear – “We haven’t seen this type of demand since the 2008 financial crisis,” said the Perth Mint’s sales and marketing director Ron Currie. The US Mint is also feeling demand pressure, which stopped selling the American Eagle coins earlier this week. US Mint sales are anticipated to be higher than sales after the financial collapse, December 2009. Robert Rosenzweig, CEO of Cache Metals, says the Canadian inventories are just as tight as the American and Australian coins, and he hasn’t seen demand like this in three decades in the business.
Fund managers see opportunity in gold’s price drop – Gold is making a comeback after its biggest single-day price plunge in three decades. The sell-off happened almost two weeks ago as investors became less concerned about inflation.
The precious metal has become a popular way for investors to protect themselves from the threat of sharply rising prices. Many experts consider that a possible scenario in coming years as central banks pump cash into there stalled economies to fuel growth. Those policies are a key reason why an ounce of gold trades at nearly four times the price it did 10 years ago.
Eric Sprott – Silver To Skyrocket Hundreds Of Dollars in Price – Mr Sprott was on a tear this weekend speaking as often as people would listen, I for on have a tremendous amount of respect for him… not just because he is a PM Bull, it’s because he is one of the brightest billionaires of our time, He goes on to say… “If gold goes to a new high this year, I think silver is going to a new high, which means above $50. Where is it ultimately going to go? I think it will be in the hundreds of dollars.
If gold goes to $3,000, silver is (already) going to be (trading) $150 to $250. That’s a big, big gain from here. You are not going to get those kinds of gains in other instruments. You are not going to get that owning bonds or (general) stocks. The precious metals are the place to be.
Jim Sinclair: Seems as though Jim is a Silver News Surfer Fan – A very strong and immediate recovery, that is sustained, makes the message clear that gold is an ingredient for these wealthy families to maintain their wealth and power, not simply over a generation, but over multiple generations. “The price of gold is going to significant new highs, and that drive to new highs will be as a result of a continued move into physical gold.
Because the manipulative tool of the paper market has been revealed as a fraudulent determiner of price, the physical gold price will now be free to move to levels that even you and I will be surprised at, and it will be maintained at that level for generations.”
Stunning Gold Shortages As Western Ponzi Scheme Collapsing – The attack on the gold price through the paper market has totally backfired and failed. The $300 drop that we saw, in a few days, has already retraced 50%. That’s nothing compared to what will happen. The attack in the paper market was always doomed to fail in the light of unprecedented demand and major shortages in the physical market. Only a privileged few will be able to preserve their wealth – By the very actions they take today!
Another Scandal Exposed! Another Reason To Get The Heck Out Of The Damn Financial System – Everything Is Rigged: The Biggest Price-Fixing Scandal Ever – You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history.
MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets. That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.