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 #1 Reason You Shouldn’t Wait To Buy Silver & Gold…

July 20, 2013 8:48 am est

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!

On to the business of protecting your wealth…

If you didn’t get a chance to see the contest I put together for all of you Monday, View it Here. I did this so we could have some fun. Life can’t be all business right?

I want to paint a visual for you today…

Lets say you were convinced that at whatever “price” you decided would be “your time” to buy silver and gold has come…

Now lets also assume (and back up with the research I provided today) that your price is in – your ready to make your move – But oh spit! There is no supply! You can’t get any because the demand is so massive and the premiums spiked so high and the damn bullion dealers are not picking up the phone – it’s virtually un-touchable.

How would you feel? As long as you are OK with that notion, you wait as long as you want. However, I will warn you that by being on the “inside” of this business, I can see this starting to occur and it will happen. Damn Asians! They are just about cornering the market – while they are laughing at us.

If you can realize just for a moment the tiny market that physical gold & silver represent, it could take someone like a China, India or Russia or heck, just 20 or so millionaires to just put up a few billion dollars and scoop up all the Phyz on the planet. In reality, they are doing this already and very quietly!

What’s all this noise about regarding silver and gold and why is it important? I just heard from the FED this week that things are looking up here in the US… Don’t tell me they are lying about the real problems again! They would never do that. In fact I heard Bernanke saying on TV as he testified to Congress and the Senate (under oath) that the FED tries to remain transparent to the public, so he can’t lie right?

You want the truth? YOU CAN’T HANDLE THE TRUTH! (Sorry.. got carried away there – Just had to say it). But as it seems… that is the fact! Imagine again for a moment that the FED came out and told the REAL TRUTH? How many of you could really handle it? Would a panic ensue? And into what?

In this piece… Everything Is Fine… BUT It points out just how ugly things are right now and spells it out in truth – So if you can’t handle it, don’t read it.

The other sad truth is about Detroit, the once powerhouse city in the US. If I remember just 6,8 or 10 years ago, people moved to Detroit to work for the Auto manufacturing plants and business was booming, not just at the Auto plants, but restaurants, hotels and retail. The sad fact is in this well written piece is that… Detroit Isn’t Alone, Here Are Other Cities In The US That Have Gone Bankrupt.

It is kind of funny (but in a sad way) how short our memories really are. But it’s really not your fault. It’s the information and current events that the MSM and Govt are reporting to distract you away from the real issues…

You my friends, need to keep your eye on the ball at all times – Your families wealth depends on it!

When you see things like Big Money Anticipating Another 1970s Style Gold Mania –  should you stop what you are doing and listen up and take action? They are the BIG money after all – And they are big for a reason. They have the “inside information” from their circle of influence – They have the foresight to spot under-valued assets at the right time.

When you see things like… The S&P 500 is More Overstretched Than At Anytime in 30 Years should you shrug it off and say… ahhhh, everything is going fine – it’s no big deal?

I know it’s all so confusing and at times overwhelming, but the answers to your questions and concerns are much easier than you think they are.

If you are having a problem with your marriage, you seek advise from a marriage counselor. If you want life insurance, you seek advise from an life insurance agent. If you want to structure and balance your portfolio in a way that protects your wealth and engage in a business plan that makes sense – then you seek advise from a precious metals adviser…. and that’s what I’m here for so….

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…

Breaking… Gold Futures Hiccup Indicates Demand Outpacing Supply – “The fact that has remained and widened … indicates that the physical market has tightened up substantially, a postulation that is corroborated by the growing premiums being paid … and the ongoing wholesale delays in the delivery of substantial bullion tonnage,” wrote Ned Naylor-Leyland of Cheviot Asset Management in a report this month.

“What is happening now is that the absolutely inevitable ‘run’ on the 100:1 leveraged bullion banking system is truly underway.” Backwardation is a concern in gold markets because in theory demand for physical delivery should never outweigh supply, since the amount of available gold is a known, fixed quantity. The event is not unprecedented, as it also happened during the financial crisis of 2008 – and corrected itself the following year.

The current dislocation indicates that holders of gold futures have begun demanding delivery. But because of the large amount of leverage in the market, participants are not able to deliver on their obligations.

Read More Here

Physical Gold Demand Sets Floor – Physical demand for gold is still offering a key floor for prices, World Gold Council’s Marcus Grubb tells TheStreet’s Joe Deaux.

Read More Here

Silver Bottom Has Passed – The bottom for silver prices in 2013 has passed, Endeavour Silver’s Bradford Cooke tells TheStreet’s Joe Deaux.

Read More Here

JPM Eligible Gold Plummets By 66% In One Day To Just Over 1 Tonne, Total Gold At Fresh All Time Low– For over a month, JPMorgan managed to mysteriously avoid matching up the gold held in its (world’s largest) vault with the Comex delivery notice [2] update.

However, as of today, that particular can will be kicked no more. Starting yesterday, JPM reported that just under 12,000 ounces of Eligible gold (the same Registered gold that two days earlier saw its warrants detached and convert to eligible) were withdrawn from its warehouse 100 feet below CMP 1. But it was today’s [3]move that was the kicker, as a whopping 90,311 ounces of eligible gold were withdrawn, accounting for a massive 66% of the firm’s entire inventory of non-Registered gold, and leaving a token 46K ounces, or a little over 1 tonne in JPM’s possession.

Read More Here 

Also read…

COMEX Registered Gold Falls To Another New Low Ahead of Option Expiration and August Delivery

The Rise In Gold Because Of A Shortage Will Be Spectacular – Since the April smackdown in COMEX gold, physical metal has been pouring out of recognized warehouses and stockpiles as investors all over the world rush to perfect ownership of an asset that, when owned, unlevered, outside the banking system provides the ultimate hedge against market dislocations.

It is incredibly rare to see the price of something falling so precipitously at the same time people are queuing around the block to buy it so what is going on? The answer, I suspect, lies in the chart below…

Read More Here

Gerald Celente – The Power Of Gold & An Economic Collapse – It all comes back to gold.  Eric, go back to the House Financial Services Committee hearing this past Wednesday.  Here is what Bernanke said on the effects of tightening the so-called monetary easing:  ‘I don’t think the Fed can get interest rates up very much because the economy is weak, inflation rates are low … If we were to tighten policy (meaning monetary policy) the economy would tank.’

That should have been the headline story in Thursday’s newspapers around the world.  Pick up The Financial Times, The Wall Street Journal, The New York Times, they never mentioned the phrase, ‘If we were to tighten policy, the economy would tank.’  And that’s where it’s going. When the money stops pumping, the economy gets off life support and it begins to die.  That’s why I’m still a believer in gold, and I’m holding onto it for the long-term … What’s the upside of gold?  I still see $2,000+.”

Read More Here

The Shanghai Gold Surprise – Whether there’s a link between China’s increasing physical gold deliveries and the drop in gold inventories within the COMEX and GLD ETF remains to be seen, but whoever is supplying China’s gold appetite is supplying it in size. Despite gold’s lackluster price performance, these developments strongly suggest we could be in for an interesting summer in the weeks ahead. Gold is a finite resource –

If China’s current purchase rates continue, it is going to own a significantly large proportion of global gold reserves.

 Read More Here

Also Read…

China reportedly planning to back the yuan with gold