On a personal note…
To let you into my personal life for just a moment, I am not all business and I don’t research every waking hour. Sometimes I too watch mindless TV. My favorite are the reality shows.
I watched a program last night called Airplane Repo Men. The title caught my eye and blew my mind.
If the economy was going as good as the FED makes it appear, then how can they dedicate an entire 1 hour show (with additional weekly episodes) about how the super wealthy who own these Gulfstreams, Falcon’s and Lear-jets are not making payments and getting their airplanes repo’d in the midnight hours?
So it’s not just “middle-class” America feeling the pinch, the wealthy are even getting their big boy toys taken away too.
Just thought it was interesting…
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…
What is a store of wealth? Where can one park a certain portion of their net worth for long term wealth preservation? We know it used to be bonds and T-Bills right? Would you consider doing that today?
The other place we used to park money was in real estate or land, which is still OK, but I know I will never see the return my mom & dad saw. They bought their house in the early 80’s for $18K and sold it for a whopping $160k some 15 years later…. Those were the days.
I talk to a lot of people and they still miss the mark when it comes to silver and gold investing. This hard asset used to be money for more than 3,000 years! The equities have been alive for only 150 years.
There should be absolutely NO confusion when it comes to silver & gold and what they should represent in your portfolio, here’s why…
Although this video I recorded was one of the first and the quality is not the best, it’s the message within that makes it the best message I have ever put in your hands – please take a moment to review it HERE.
Also, you may want to take a look at this as most of you who read The Silver News Surfer fall into the category:
35 Facts To Scare A Baby Boomer – If you want to frighten Baby Boomers, just show them the list of statistics in this article. The United States is headed for a retirement crisis of unprecedented magnitude, and we are woefully unprepared for it. At this point, more than 10,000 Baby Boomers are reaching the age of 65 every single day, and this will continue to happen for almost the next 20 years. The number of senior citizens in America is projected to more than double during the first half of this century, and some absolutely enormous financial promises have been made to them.
So will we be able to keep those promises to the hordes of American workers that are rapidly approaching retirement? Of course not. State and local governments are facing trillions in unfunded pension liabilities. Medicare is facing a 38 trillion dollar shortfall over the next 75 years. The Social Security system is facing a 134 trillion dollar shortfall over the next 75 years. Meanwhile, nearly half of all American workers have less than $10,000 saved for retirement.
The truth is that I was being incredibly kind when I said earlier that we are “woefully unprepared” for what is coming. The biggest retirement crisis in history is rapidly approaching, and a lot of the promises that were made to the Baby Boomers are going to get broken.
The following are 35 incredibly shocking statistics that will scare just about any Baby Boomer…
In a time when we should be stashing cash away for our future, there are not very many options we have to put that cash in a safe and secure place other than precious metals.
Our options are as follows:
1) Keep it in cash:
It’s always good to keep some cash on hand, as I wrote before“Become Your Own Central Bank” certainly makes sense, but you can’t go stuffing the mattresses with cash – We know we are loosing value of our dollars every month that goes by and the FED keeps printing $85 Billion.
To start buying stocks at all time highs in the middle of summer would be financial suicide in my opinion. Besides, the stocks are only at highs because the FED is printing the $85B – Mom & Pop are not putting their money in stocks these day and research shows that the wealthy have been taking money out of stocks at record rates.
No thanks! Nope. I don’t think so! The FED is virtually the only buyer out there. It’s kind of like my local 7/11 – The owner knows that he can’t stay in business for very long if he is the only buyer of his merchandise.
4) Real Estate:
Always a great option! However, the down fall is liquidity. I have more people today that want to buy phyz silver and gold but can’t because their money is tied up in RE and some have had these properties up for sale for months! Again, good investment, but no liquidity.
This is a tricky one. Still part of the fragile financial system. May or may not be a good investment if the FED reported “real” inflation numbers. This would allow us to make better decisions for ourselves.
Not a safe investment. The sales approach is that no matter what happens, you can never get back less than you put in. The problem with this is that what will the “money” be worth when it matures. If I put $10k in an annuity and 5 years from now the dollar has lost even value value, what is my 100K going to be worth in purchasing power? Answer? Go back the last 5 years and do the math. Not a good store of value!
7) Precious Metals:
The name says it all. This is the only true store of intrinsic value that keeps it’s value in relationship to currencies in any country. They have a 3,000+ year track record of holding purchasing power, creating generational wealth and preserving wealth. They have no counter-party risk, and when stored outside the financial system, they allow the owner freedom from any event that could occur in the financial system. They are a hedge against inflation, debasement of currency, geo-political tensions and are the truest form of money ever known to man.
There you have it. Life is but a choice. You have the power of free will to invest in something that has been honest for 3,000+ years. The only thing that makes it dis-honest are the paper manipulating banksters who know it’s better for them to have it than it is for you.
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…
The Price Of Silver Is Setting Up For A Historic Run – Anybody investing in physical silver is getting the added benefit of looking at the future energy needs of the world and understanding that it is going to require a great deal of silver. As fracking production declines, it is going to put a hole in the U.S. economy because we are going to have to start to pay through the nose once again for oil. The reality is we are going to see a move in silver that will dwarf the move in gold, even though gold is going to see one of the greatest bull markets in the history of any metal.
But silver will really explode in price because it is a monetary metal, and it’s a critical energy and industrial metal as well. So the weakness we are seeing in both gold and silver today has nothing to do with the long-term fundamentals, which remain incredibly bullish.
Indications show silver is ready to rise faster than gold – The silver price was restrained yesterday, but indications are that it is ready to rise faster than gold now. We have another month of the ‘summer doldrums’ left as the developed world remains on holiday and India is busy in their monsoon and crop growing phase which is going to be a superlative one for farmers, ahead of the start of the ‘gold season’. In the past decades this period saw the year’s lows on the gold price, but in recent years we have seen gold hit its highs as economic and currency factors kicked the gold price into action.
By Christian A. DeHaemer | Tuesday, July 30th, 2013
Silver is a volatile beast, a scabby snake.
It moves like a sidewinder on Adderall — that is, silver won’t flow in a straight line, but it is laser focused on where it has to go.
And it’s going up.
The last major bull market for silver (prior to 2010, that is) was the 1970s.
In the decade of disco, the price of silver climbed from $1.25 to $43.
That’s a heck of a run. No wonder men on the make wore those heavy chains displayed prominently to entice the lusting females. There were not many young girls who could resist the enchantment of silver as it went up 3,440%. There are few who can resist it now.
But as I said, silver did not rise in a straight line. Trees don’t grow to the sky, and investments are fraught with dangerous corrections…
Buying the Dips Pays Off
From 1970 to 1981, there were more than ten corrections where silver fell in excess of 10%.
Three times it declined more than 20%, and once, in 1975, the price of silver fell more than 50%.
But in 1976 it went right back up, recovering all of its losses to $6 on its way to $43 five years later.
That’s how silver trades.
More recently, as you can see by this five-year chart, silver jumped from under $10 in 2008 to all-time highs near $50 in 2011:
That type of rise was naturally accompanied by profit taking.
A 500% return is a good run by anyone’s standards, and it makes sense that it has come back to support. That support is right at $18.00 an ounce. We hit that price during the last week of June.
The two black lines (trend and support) show that silver is forming a multi-year pennant. The price should rebound off the lows and push back towards $25. It will then sell off and find a second bottom above $18 before breaking out of its downtrend.
That means you have about a 22% upside in silver over the next few months.
Of course, nothing is guaranteed…
If it breaks below $18, you should sell.
That said, you have a 20% upside and a 5% downside. The odds are with you.
The fact that the MACD is buried helps the bullish argument as well.
I’m not the only one who thinks silver is a buy at these prices…
Singapore is building a 200-ton silver vault for rich Chinese who want someplace to store their money.
The Indians are also buying precious metals. New laws and taxes aimed at supporting the rupee and reducing the demand for gold and silver in India have had the opposite effect (like they always do). The rupee is down more than 10% in the last few months and is the most undervalued of the world’s currencies, according to the Economist‘s Big Mac Index.
People don’t like seeing their money evaporate, so they put it in gold and silver.
Gold smuggling has always been a big business in India. Recently, it has increased. Arrests were at 32 in June up from four last year. The amount of gold seized during the first quarter was ten times the volume seized last year.
My advice is to buy physical silver both for a safety net as well as for price appreciation.
Next stop: $25.67.
All the best,