With respect to my time and the busy day I am expecting – The only personal note I have for you today is to understand the value of a $20 ounce of silver and more importantly, the future value of that same $20 ounce of silver.
This accumulation is for the future, not for today, so relax, pay down any loan balances or leverage you may have and seriously guys – Dollar cost average down! This is amazing!!
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!
Now, onto the business of protecting your wealth…
Another massive global sell-off compliments of the FED – But we really can’t blame him for everything.
“Markets are not trying to rationally judge what the real impact of a tapering of QE [quantitative easing] is likely to be they use “hints” that have no substance behind them.
I posted the full press release on my site yesterday as it was being released and in the release it said The Federal Reserve Keeps Interest Rates Low; Sees Economy Improving; Will Keep Buying Bonds…
To sum it up… Rates WILL remain artificially low and we will continue down the path of asset purchases of $85 BILLION a month! ONE TRILLION A YEAR!
Also, the Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes. Whatever the hell that means, but this is what the traders are going nuts with.
The markets all across the globe are acting like they took the entire punch bowl away yesterday – It looks like to me just another attempt at manipulating the price lower.
Today, because I understand how you feel, I would highly recommend you to revisit this piece that was done just a few weeks ago by Rick Rule of Sprott Asset Management.
The good news is that there is not much more room to crash the price and soon the pillagers will be done with crushing silver and gold and be on to something else – Then we can enjoy the true wealth in the only true money source that this severely broken financial system can offer.
Take hold, stand your ground and for heavens sake – Buy some silver on sale!
Allow me to assist you in understanding these ever changing and challenging financial markets and more importantly, how you can profit on the upside potential and protect yourself from the downside risks….
Now, onto the breaking news that matters…
Casey Research – What Lies Ahead for Gold? – A lifetime buying opportunity is shaping up. We’re not exaggerating by stating that. Given the waterfall decline in both precious metals and equities, investors with the courage to act and the cash to deploy will not just be rewarded, but could very well change their financial futures. The chance for enormous gains will be remarkable.
As a result, some of you reading this will, frankly, get rich, especially those who have exposure to the best junior gold stocks. Sadly, not all will realize this level of profit; while there are a lot of reasons for that, the biggest is because they won’t have the two Cs – cash and courage. I hope you will be among those in the first camp.
The Gold Crash Of ’75 & The Similarities of Today – It is dangerous to write off the gold bull, and monetary critics, without much better confirmation that the global system can tolerate unprecedented and unending monetary interventions. In the 1970′s, economists rewrote the global monetary order and chaos resulted. But at least they had their gold crash for a temporary reprieve.
The recent gold price crash was met largely with glee and gloating among the professional economist cohort as evidence of central bank success in not only initiating “normal” financial conditions but refutation of monetary critics. For this view, gold prices in 2013 represent the same as gold prices in the 1970-80 time period.
Own Physical Gold as Governments Destroy Wealth and Squander Tax Payers’ Money – Gold prices have failed to hold above the key resistance level of $1400 an ounce even though the fundamental driving forces behind the precious metal have not changed and as the global monetary system remains as precarious as ever.
While some investors may think they are getting wealthier because they see the value of their equity portfolio increase, others are seeing the value of their hard earned cash gradually erode due to the low interest rate environment. And, while mainstream media particularly in the USA claim that the economy is recovering due to the recent stock market rally, this rise in prices is due to an economic stimulus program engineered by the US Federal Reserve and has nothing to do with a vibrant economy.
If you believe that there is not going to be any repercussion from central banks unprecedented money printing and that governments will be able to sustain their current record high levels of debt when interest rates rise, then you have nothing to worry about. However, if you believe as I do, that these monetary policies will result in further currency devaluation, rising commodity prices, steep inflation which may end in hyperinflation and then a complete collapse of the current global monetary system, then you had better prepare yourself now.
Fed In Complete Disarray & Investors Must Brace Themselves – They are also confused on what they want to do and how to get there. But what we do know is that they are counterfeiting $85 billion every month, and investors should be hedged against this prospect of ever-rising inflation. In that environment, the ownership of hard assets is still mandatory, especially as gold and silver prices are ending their cyclical bear phase.
The gold market, and in particular the mining shares, have already priced in this exit, but this exit is not going to occur to any degree that is currently anticipated. So the risk in the gold market is now to the upside, and the risk to the downside in the mining shares is negligible at this point because they are pricing in the draining of the Fed’s balance sheet which is not going to occur.”
Fed To Dump Its Balance Sheet Onto Unsuspecting Public – A recent estimate of the total retirement assets just in the U.S. tallied close to $17 trillion. Packaging up those securities and distributing back into the system would go a long way toward a major reduction in the Fed’s balance sheet and make room for the continuing monetization of the budgets deficits which are sure to accelerate as the onslaught of unfunded liabilities hits the public and private sectors.