On a personal note…
I want to make sure that everyone enjoys the heck out of this last weekend of summer vacations, rest up and have a few extra beers, especially you folks that still have investments in the equities, because come September, it’s going to be a rocky ride!
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…
It’s a bit funny, but while I’m talking to people throughout the day, they are surprised at how fast and how “high” the price of silver has become in such a short period of time, it’s almost as if the price shot up as we were sleeping.
What catches me off guard is this… it’s not surprising at all, I’ve been saying this since July. If you think about silver on several levels – there is no way it should be trading sub $40 or even sub $50 for that matter.
The inflation adjusted high is somewhere around $120. an ounce. We got close, but didn’t breach it’s all time high of $50. It is the intervention and manipulation that has the “price” sub $25. If you can understand that, than you also understand why I say focus on the “value” not “price”.
If something should be selling for $100+ and it’s down at $25 and you don’t see value in it, you probably never will. Everything around us has reached all time highs – The DOW did it, S&P 50 did it, gold did it – Now it’s silver’s turn and it will!
Another school of though is that if a dealer charges say 10% premium (which is cheap when you look at supply and demand issues we have) 10% premium on a spot price of $18 is $1.80 – When silver is $25. 10% over is $2.50 – 10% over spot when silver is $35 is $3.50 – 10% over spot when silver is $50 is $5.00 and finally, 10% over spot when silver is $100 is $10.00. What’s funny is that today, people complain about having to pay anything over spot, what going to happen when this stuff really takes off? You can’t get mad at us, we’re just doing our job and fulfilling orders – you decide when you want to buy.
The 10% premium stays the same, but “price” you pay over spot is much higher… So when did you want to buy silver?
Let’s not even talk about the preimums on gold at 10%… you do the math.
I feel sometimes people think I write all of this to get you to buy. While it is true that I would love the opportunity to earn your business, it’s not just The Silver News Surfer saying this… Some of the worlds smartest, brightest and wealthiest economists are saying the same thing –
Protect yourself now before it’s too late!
JIM ROGERS: FINANCIAL CALAMITY IS COMING, THEY’RE GOING TO TAKE OUR BANK & RETIREMENT ACCOUNTS! Famed investor Jim Rogers says, “This is the first time in recorded history all the banks are printing money at the same time. This is the first time we’ve had massive debasement, and it’s going to end very badly no matter what they say.” Rogers, who has written books on global investing, says, “Banks are not going to be lending. Financial markets are going to go down.
Currency markets are going to be in great turmoil. It’s not going to be any fun.” And if the money printing continues, Rogers says, “You’ve got bubble in some sectors, you have inflation, and then you have interest rates going up. Currency markets are in turmoil, and it’s a mess because printing money is artificial. It’s never worked.” As the economy slows down, Rogers predicts, “They’re going to take money wherever they can. . . .
They’re going to take our bank accounts and retirement accounts.” Rogers concludes by saying, “We’ve had perilous times, and it’s going to get worse. . . It’s coming, be worried, be careful.” (courtesy of SD)
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…
VIP2C: One of the Most Important Gold Charts That You Should Remember – Few people realize that around 2008 central banks turned from being net sellers of gold to net buyers, and began to accumulate gold reserves in a big way for the first time since the 1970’s, when Nixon slammed shut the gold window. This is based on what they report officially to the IMF.
There is strong anecdotal evidence that the actual turn in buying occurred quite a few years earlier, and more in line with the rapid appreciation in price as selling declined. First the selling slowed and the stealth buying began, particularly in Asia and the Mideast.
Gold commentators who do not realize this significant dimension of what has occurred and account for it in their thinking have been simply left behind, lost in an outdated frame of reference. They do not see the forest for the trees.
This is about much more than gold and silver. This is about a major, an historic change, in the composition of the world’s global currencies and trading system. The dollar regime that has been in place since the end of World War II is undergoing a major evolution.
If there is anything that shocks me, it is how few economists understand it, or even realize it. I suppose that is how it is when the big things occur. Most of the operational people are left staring at the old paradigms, and wondering why their models are malfunctioning.
Rather than accept the change and understand it, they get busy trying to prove that it is not happening, since they have such a vested interest in the past. And so we see the occasional hysterical outburst from the status quo, that what is indeed happening does not make sense, and is irrational.
Gold Poised To Super-Surge 150% & Silver A Staggering 300% – There are event driven risks, which could propel gold such as the turmoil in financial markets, and developments in the Middle-East. They can create, as we’ve seen today, spikes within the trend, but the medium-to-long-term trend is still quite steady to the upside.”
We believe we are back into that track where gold is the hard currency of choice, and we expect for this trend to accelerate going forward. We still believe that in the next couple of years we will be looking at a gold price of around $3,500. As the gold/silver ratio plummets near 30, this would also suggest a silver price above $100.”
Don’t bet against the gold buying tide – You do NOT want to bet against a tide like this — not in a commodity [gold] with a very fixed existing supply and a very consistent, but small, annual supply increase of around 2,500 tons… Five of the ten most populous nations on earth are hungry buyers of gold, and each of them has a burgeoning middle class that has, over the years, embedded in its cultural psyche the idea that owning gold is just what you do when you can afford to.” He illustrates this with the following graphic showing the world’s ten most populous nations and pointing out those, which are predominantly gold buyers:
This Major Catalyst To Launch Historic Moves In Gold & Silver – Silver has been the star of the show because lately silver has been gold on steroids. Not only does silver get the monetary boost, but it’s also getting the industrial metal boost.
Virtually every country around the world has realized they are going to need a lot of solar and other renewable energies to run their economies in the coming century. Once you start talking about solar, you are looking at massive demand for physical silver.
Silver is already highly sought after because of its extraordinary properties. When you compound that with the increased demand from future photovoltaics, triple-digit silver is in the bag. Investors will look back and say, ‘Can you believe silver was under $20 an ounce in 2013?’
But as gold heads toward the major inflection point that will launch its historic move to $10,000, silver will begin to move headed hundreds of dollars higher. The bottom line is that both gold and silver are going to have moves that will be written about in the history books for a long, long time.
Geopolitical Risk Good For Gold, Silver, Notes Commerzbank – It’s been good news for gold bugs as the commodity was recently back over the $1,400 mark for the first time since early this summer—and hedge funds are doubling down that the price will continue to rise. Silver too is showing strength, a four-and-a-half month high.
Given that some investors like to treat gold as a security blanket during turbulent times, it’s likely not surprising then that Commerzbank’s head of commodity research, Eugen Weinberg, and his team see the recent spikes coming in part on the back of growing geopolitical risk: He also noted, as did this blog, that the latest minutes from the Federal Reserve and annual central bank conference at Jackson Hole last week ultimately did little to deter the steady upward climb, given precious little new news from either event.