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.
I wanted to take a look today at the physical demand and where it is coming from, especially on these dips. After careful review, it seems the Central Banks are buying at record rates yet again, but so is the retail public, which is you and me.
If you recall back on March 26th, I wrote “Become Your Own Central bank” and outlined the necessity of doing what they do and not what they say to do… I hope you revisit the article and more importantly revisit the need to become your own Central Bank.
The Mission Of The Silver News Surfer Has Always Been & Will Always Be – To Preserve Your Wealth, Protect Your Purchasing Power and Help You To Create Generational Wealth!
May Health Wealth And Success Be Yours!
The Silver News Surfer
Now, onto the business of protecting your wealth…
There is some chatter today (as you will see in my report today) that The US Mint is taking from the National Defense Stockpile of silver to meet current demand for the metal.
You will also notice that over 50% of the physical demand is coming from China and India, especially during the recent decline of “price”.
This is mind-boggling information being thrown at us everyday, but one thing is for sure – If you want to buy silver and gold, you better get busy buying now! The Silver News Surfer has presented different theories, facts and speculation of why you (J.Q. Public) need to buy silver and why the importance of doing it now… even if it means the silver “price” could drop further.
Why you ask? Simple. Unless you have more money than a Central Bank, China or India put together, a Hedge Fund or just an ordinary multi-millionaire or billionaire, you better get yours now!
As we have heard and seen with our own eyes, during the latest cartel raid on silver and gold – major banks, hedge funds, and major countries went in with billions and bought like crazy and created one of the most spectacular rush’s on physical metals I have ever witnessed.
So, lets say that silver were to fall further into the early $20 area, what do you think would happen then? Maybe you say “I will buy then… If the price falls to $18-$20 – I’m in!
By that time “IF” it happens, how the heck do you expect to go out and buy a few hundred ounces or even a few thousand ounces… the supplies would be dried up worse than they are now from the big buyers – we end up getting what’s left over and paying massive over-priced premiums.
As noted in yesterdays report – “Don’t wait for a bottom, average in or down” It’s absolutely crazy to think you can pick the bottom when some of the BIG money has deep enough pockets to buy the best research analysts on the globe and they can’t even pick a bottom or top or at least even come close.
I just don’t want you to be in a position of wanting to wait for your “price” target and overlook the “value” that is staring you in the face today – That’s called greed and greed gets you nowhere except poorer.
I say that because I have seen people caught up in euphoria in 2011 when the market was climbing parabolic and people thought we were just going all the way to $100 – Well, you know what happened next and maybe some of you reading this today were caught up in it also.
Plan your work and work your plan – Have a sound business plan and don’t waver from it. This is what I had in mind for you when I wrote “Do you like the sound of a 25% return?” This is a simple, no-nonsense plan for you to capture a 25% or greater return between now and ? who knows when – I can’t tell you. All I do know is that silver will once again regain the handle of $32, we were just there 12 weeks ago and the massive physical demand is what will enable the shiny metal to retake this handle.
Just don’t get caught up in picking tops and bottoms, it’s a dangerous way to invest, just simply average in and down – accumulation is key!
Now, on to the breaking news that matters…
223.5 Metric Tons Of Gold Imported Into China In March – After the gold rush is thought to have waned, and the two tons of gold American Eagle coins sold by the U.S. Mint (in one day alone), has faded from the headlines, we find the simply shocking news: 223.519 metric tons (mt) of gold was imported into mainland China for the month of March. Compare that to the 51.3mt and 97mt imported in January and February, respectively. When was the last time China even came close to importing gold on this scale?
Over 50% of the physical demand for gold comes from India and China. And if you think about the long-term trends, what’s happening to the middle class in those economies, there’s tens of millions of middle-class consumers being created every day, and they buy gold. And if you add to that the fact that central-bank purchases in the last quarter were higher than they’ve been since 1964, as I’ve said, you have to look at those physical-purchase demands in addition to just the financial investor. And it’s not as simple as just looking as to whether inflation is a concern today.”
Huge Hedge fund sells equities, buys $200 million in physical gold – Investec’s Alastair Mundy has moved a significant portion of his £2.5bn Cautious Managed fund into gold bullion for the first time following savage price falls for the precious metal.
“The Bull Market is Very Much Intact” for Gold: World Gold Council – The World Gold Council doesn’t give price targets, but Grubb says the organization believes gold will return to pre-April levels because the long-term drivers of demand are firmly in place. The WGC concedes that if investors are becoming more confident in the U.S. economic recovery that may change his outlook for gold.
But he explains in the accompanying video why investors should continue to hold gold in their portfolios as insurance or a hedge (against, for example, inflation, currency debasement, or financial instability).
Gold & Silver Setting Up For Spectacular & Massive Surges – We have a long-term target on gold to get in the region of $3,400 to $3,500. We see no reason at all to change that target. We still believe over the course of the next couple of years we could see a move of that magnitude. This would obviously mean new all-time highs for silver. We will just have to wait and see if that means a silver price in the triple digits. It would mean at least $70 to $75 silver and it’s not inconceivable that silver will in fact trade in the triple digits.”
U.S. Mint Sales For April: Most Gold Sold In Mint History – Though U.S. Mint sales only represent a small percentage of total worldwide gold and silver investment demand, they do give investors insight into what retail customers are doing in the precious metals markets. Based on this data, retail investors are snapping up gold and silver at an increasing rate as prices drop.
BrotherJohnF discusses silver’s technicals, the US Mint ASE sales (currently running double the 2012 sales pace, and already nearing 20 million ounces sold in 2013) and examines the legislative history of the ASE sales program from the national defense stockpile in his latest Silver Update:
MUST SEE- Visualizing The Collapse Of Fiat Currencies