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!


We Are Staring At A Global Collapse & A Gold & Silver Explosion…

July 30, 2013 8:43 am est

Although this video from Michael Maloney is 30 minutes long, I would highly recommend taking the time to watch it – Its explosive!
It explains in detail and easy to understand terms, what the drawdown on the COMEX inventories means for gold & silver moving forward.
A highly recommended must watch!

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…

There was a lot of talk over the weekend about JPMorgan To Exit Physical Commodity Business and Is JP Morgan Getting Nervous about its Silver Inventories? 

I didn’t want you to think this type of “Breaking News That Matters” skipped my attention, I just decided not to write about it because I think it’s BS. They are making far too much money crushing silver investors. The reason for posting it today is because the more I read into it, the underlying story is primarily about their depleting inventories.

What do they care about depleting inventories when the fact is they don’t have the silver for the massive naked short positions to begin with? So, until “real” news comes out, we can chalk it up to BS.

While on the subject of BS, this story has caught my attention and worthy of reading.. The Government “Revises” 84 Years Of Economic History This Week  We know that all the numbers are fixed, fabricated and manipulated from Jobs to Inflation to the gain of politicians and bankers – but this one takes it too far!

Also, from Jim Sinclair – This is coming to your home town soon, but have you taken any steps to get out of a system that is about to levy an account tax like this so far without exceptions to any entity, corporate or private?

Gold is for savings, not savings accounts. Gold held in any storage as not allocated is at risk to normal means of storage business.

If your broker is a bank your brokerage account risks bail in. All clearing houses are presently at risk to bail in, therefore your street name stock is at risk as well as anything held in your brokerage account.

Your coin dealer could have their accounts bailed in which would in turn confiscate a great degree of undelivered coins of yours.

Keep in mind a means of raising cash for bankruptcy that was proposed in the Cyprus Bail in scheme by the IMF was nationalization of pension funds.

At the heart of the financial problem is an amount of legacy OTC derivatives that exceeds the total money supply of the entire planet.

Please take some action to GOTS. You have nothing to lose and at least 47.5% to gain by simply being out of the system. How can you possibly continue to ignore this warning that I am making at a great expense to my personal and professional energy and time? What in the world do you have to risk to get a significant degree of GOTS?

Sincerely,

Jim

And from (Reuters) – Cyprus and its international lenders have agreed to convert 47.5 percent of deposits exceeding 100,000 euros in Bank of Cyprus BOC.CY to equity to recapitalize it, banking sources said on Sunday.

Under a programme agreed between Cyprus and lenders in March, large depositors in Bank of Cyprus were earmarked to pay for the recapitalisation of the bank. Authorities initially converted 37.5 percent of deposits exceeding 100,000 euros into equity, and held an additional 22.5 percent as a buffer in the event of further needs.

“There was an agreement concluding at a final figure of 47.5 percent this morning,” a source close to consultations told Reuters.

(Review the last piece of research at the bottom for further information on this subject matter.)

If you have that ugly feeling in your gut that is telling you something is about to go down… what do you have to loose by taking the steps to protect yourself now? The best case is that they were wrong and nothing happened and you go right back into doing what you’ve always done…. The worst case is…I don’t even want to think about it, but I will plan for it and you should too.

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…

Embry: We Are Staring At Global Collapse & A Gold & Silver Explosion – I fully expect that once we get this dull summer behind us that we are going to see some big moves.  We may head higher at any moment, but even if we see continued consolidation, it is simply building a larger platform that will launch the metals higher. This is a perfect environment for higher gold and silver prices.

This is aside from the massive physical shortages which were covered so well last week on KWN by people such as Eric Sprott and Egon von Greyerz.  All of this will simply add more fuel to the fire of this money-printing orgy we are already in the process of expanding.

Read More Here

Window of Opportunity to Buy Physical Gold & Silver Narrowing – Don’t Wait, Buy Now! The odds of being able to buy physical gold and silver at current levels diminish with each passing month.  In terms of pricing for buying physical precious metals, we are more than likely looking at the lows.

The timing for buying and holding as much gold and silver as you can will not be much better than at current prices for a few generations. The fiat game has run its course. In articles over the past few weeks we said there is no evidence of a change in trend.  That was the last few weeks.  This week is different. Let me explain why in words illustrated by a number of charts.

The window of opportunity to buy physical gold and silver continues to narrow.  Like the housing market top was known to be coming, when it came, those who waited too long regretted it.  When the bottom for the physical PMs is known as a certainty, those who waited for a “better price” may also regret that decision.  It is all about choice.

Read More Here

Singapore silver vault set to meet strong Asian demand – (Reuters) – Precious metals storage firm Malca-Amit will open a new facility in Singapore this week that can hold up to 200 tones of silver, and plans to add more capacity to meet growing demand for the metal in Asia. Silver has long been a favorite of retail investors and speculators who want to gain cheap exposure to precious metals.

Gold is currently 67 times more expensive than silver. The company is also looking to open a silver-storage facility in Hong Kong to meet demand from individual clients and bullion dealers. Gold demand is on the rise. Both from financial institutions and high net worth individuals who are looking for long-term storage solutions.

Read More Here

The Coming Shortage Of Physical Gold That Will Change Everything – “The traded amount of ‘paper linked to gold’ exceeds by far the actual supply of physical gold: the volume on the London Bullion Market Association (LBMA) OTC market and the major Futures and Options Exchanges was OVER 92 TIMES that of the underlying Physical Market.”  In other words, there is a massive amount of paper out there, but very little actual physical gold to back it up.  And right now, we are witnessing voracious hoarding of physical gold all over the globe.

Already the emerging shortage of physical gold is starting to cause some very unusual things to happen in the financial markets. The bottom line is that there is a very serious shortage of physical gold, and as this becomes increasingly apparent to the rest of the world, this is likely to cause a tremendous amount of instability in the financial markets in the months ahead.

Read More Here

Six Supports & Serious Shorts Suggest Silver Should Soar Soon – Silver has come down in price to the point where 6 different support lines have10 Ounce Silver Bullion Bars come into play coupled with a silver short situation where silver has rallied in similar situations over the past 8-years. The aforementioned suggests that silver is ideally situated to soar again soon. Take a look at the chart and decide for yourself if this is the day to get (further) invested. The decline has brought Silver down to a rare situation.

 

 

CLICK TO ENLARGE

 

The above chart is based upon Monthly closing prices in Silver. The chart reflects that:

 

  • 6 different support lines come into play at (3) in the chart above and, at the same time,
  • traders in the metals complex have established positions where Silver has rallied over the past 8-years.

Support is support until broken and this is a rare situation where so many support lines meet at one price point.

From Munknee.com

 

Here we go again… It’s Official. Bank of Cyprus to Steal 47.5%, not 10%, of Bank Account Deposits – Just as every bank failure is always reported late Friday afternoon after the US stock market has already closed, every other negative banking industry story is also reported over the weekend when it can be buried and forgotten.

So we’re here to warn you for the umpteenth time of planned asset seizures from bank accounts, pension plans, and retirement accounts all around the world as bankers have already taken legislative steps that will assure this theft will occur. On Sunday 28 July, 2013, the following huge news story was buried by the mass media.

Read More Here