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!

The Spot Price of Precious Metals Is Becoming Irrelevant

April 30, 2013 8:08 am est

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 is a campaign underway that says “12 reasons we should all buy silver May 1st”  Would The Silver News Surfer support this crazy campaign? I mean something probably sponsored by some whack jobs with nothing else to do then to tell people they should all ban together for one day and do something that could bring JPM to it’s knees? Who would have thought up something as ludicrous as this?

I’M IN!!!! In this article they discuss 12 reasons… I only need one – Silver is money! Our central are killing the purchasing power of our dollars and spending our tax dollars and partying like it’s 1999 – but, when you purchase silver or gold, what you are saying to them is “I’ve had enough and I’m not going to take it anymore”! I can’t trust you to do the right thing anymore.

You have proven time and time again you cannot be trusted and while you keep getting richer and more powerful, me and my family get poorer and powerless –

Guys, I think this is a novel idea and you should all take part in this campaign, even if you went out and just bought one ounce!

May Health Wealth And Success Be Yours!


Eric Weigand

The Silver News Surfer



Now, onto the business of protecting your wealth…

All over the headlines everyday we are seeing massive shortages in silver and gold. In order to make the right decisions about preserving your wealth, protecting your purchasing power and creating generational wealth, one must fully understand logically what that entails.

To accomplish these goals we must conclude that silver and gold are savings. If savings are a percentage of income that is set aside for a “rainy” day, the same model needs to be applied towards the purchases of your physical silver and gold.

If you start to accumulate at these levels and the price goes down, you stick to your structured savings plan of adding that same percentage of income to your purchasing (savings) plan. if silver goes up from here, the same law applies.

I would challenge any of you to look at your last months bank statements for your savings accounts, CD or money market accounts and tell me if your happy with the interest return on any of those accounts and the dollar amount in said accounts.

Now if you continued to put that savings into the hard assets such as silver and gold, you would see value, not a dollar amount. I would encourage you to plan your work and work your plan regardless of what you hear on the news or any other main stream media outlet.


I would like to point out today that May 1st is tomorrow and as I’ve said before, we must all stick together if we want to get through this difficult economic period. The way I see it is that you have 2 choices –

You can either continue on the current path of watching your saving vaporize before your eyes and continue to trust the same people who are using the vaporizing weapon…


You can take matters into your own hands and ban together for one day and take some money out of the bank and either buy silver or open an account with a bullion dealer and start to make a difference in your financial future – and as you well know by now, The Silver news Surfer can help you with both!

I can help to build a strategy that makes sense according to your financial goals, again, this is something you don’t have to be confused about or do on your own – I am here to help!

Now, on to the breaking news that matters…


The Global “Fractional” Paper Bullion Market Is Collapsing – At some point there will be an even bigger “run on the bank” by those looking for delivery of the physical gold/silver that they have been “assured” is sitting in their “trusty” bank custodian vault.  I know for myself that I have seen enough from the JPM’s of the world to not trust anything they do or say.  I think a lot more people are finally coming to that same conclusion.

At some point there will be a complete collapse of trust in the paper monetary system and the price of gold/silver will really go parabolic, as the masses realize all at once – and far too late I might add – that everything that was rumored over the last 13 years about paper gold, gold leasing, etc is actually true.

Read More Here

The Spot Price of Precious Metals Is Becoming Irrelevant – The surge in physical buying combined with tightening supply is resulting in the premium paid over spot price for physical bullion to march upwards quickly. For all of recent memory, the price of precious metals has been determined in the paper marketplace (e.g., COMEX; LBMA). That may now be changing. Should the availability of physical bullion start setting the price action, the spot price quoted in the paper market for gold or silver will become an anachronistic irrelevance:

Read More Here

The Mother Of All Short Squeezes In Gold & Silver – it is pure insanity to be short silver here, and for that matter, gold as well.  Round two of the buying panic may be just around the corner when the paper shorts rush to the exits.  They will learn the age-old and time-proven adage about the precious metals, namely, that it is easy to sell gold and silver in large quantities, but very, very difficult to buy in size.”

Read More Here

Media Blackout, Panic & A Major Short Squeeze – We have already seen that the physical gold market has had a white hot flame underneath it.  The paper market would still like to take gold lower, but in truth it doesn’t stand much of a chance.  The price of gold going into the spring and summer and all the way into 2014 is going to make new highs.  About that there is no question.  I would add that if an investor has any sense at all, gold is for savings, and currency is simply for transactions.”

Read More Here

Casey Research – BUY GOLD NOW! The important thing to realize that if gold and silver were to see another leg down, we fully expect buying physical metals to get more difficult and expensive, not better. At this point, there is no evidence that supply is easing up. Even – or perhaps especially – at lower spot “paper gold” prices, it could become very difficult to get your hands on bullion. And you’ll pay even higher premiums on items with the tightest supply. We don’t care to predict how long delivery times could get.

Don’t be fooled by what happened in the futures market. The retreat is a buying opportunity for physical metal. If you wish you’d bought tech stocks in 1990 or real estate in 2000, you now have a moment like that in gold.

Read More Here

Silver Shortage of April, 2013 – “When will silver make its major move up?” Well, it’s been happening for ten years now, since 2003. The average annual gain is about 22% per year. That’s better than Warren Buffet’s track record, and he’s was widely regarded as the best investor of all time. (Except for the last ten years, of course.)

Also, due to the political situation of excessive government spending in all nations, silver will continue to outperform for the foreseeable future. So, don’t complain if the price of silver isn’t moving up fast enough, or languishes for a year or two as prices rise and dip in the meantime while the vast majority remain clue less of the facts. Just quietly sit tight, knowing the facts, and just keep buying all the silver you can find. ALL YOU CAN FIND.

Read More Here 

NYP Influential economist says Wall Street’s full of ‘crooks’

Corruption, insider trading and criminal behavior are rampant on a vast scale on Wall Street today as financiers and Washington play the same greedy games that brought us to the brink five years ago, according to one of the world’s most influential economists. Wall Street is full of “crooks,” and it never properly cleaned up its act after the financial crisis of 2007 and 2008

Read More Here