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 going to be a big week boys and girls so buckle up! COMEX Options expire today (although this month is a less significant expiry than most others) and the FED is meeting this week.
I wouldn’t go wagering bets as to the FED tapering as most say “no end to QE in sight.”
However, I will say this… Over the weekend, from various well respected sources, there has been a significant amount of information that supports a US collapse and they are as follows…
The first is presented with no comment because the charts speak much louder than any words can speak…
And lastly, from my personal favorite and most respected source – Egon Von Greyerz of Matterhorn Asset Management…
Now why the heck would all of these highly respected economists and heck, even our former US Treasury official be saying these things if they were not true?
Maybe these numbers are true also – Consumer Confidence Plunges To Lowest Level in 2013
What I feel is that most people don’t want to believe that something as devastating as what they are detailing can actually happen – And I hope your right… I for one would rather take out an insurance policy just in case and then be able to cash in that insurance policy if nothing happens. Being overly prepared for the unknown is better than not being prepared at all – Right?
Let me close with this: Most people don’t realize that it takes more than one broker to accomplish different financial goals… Let me explain.
Between 30-60 years old you have a stock broker working for you because in your working years, your goal must be to focus on portfolio growth right?
Between the ages of 60-80+ you are not working anymore (at least that’s how it used to be) and now your goals have changed. Instead of being soley focused on growth, you are more focused on preserving your wealth, allowing your wealth to maintain its purchasing power (which today and going forward is the most difficult thing to do) and creating generational wealth for your kids and grands.
When times change, so should your investment strategy, having more than one broker working for you makes more sense today than ever before…
Jim Rogers did a fascinating interview sometime ago and he said this:
If I had to put a box in the ground for my grand-kids to open when I die – Would I rather stuff it with wads of cash, certificates of stocks I own, or bars of gold and silver, which is more likely to have value?
He went on to say:
With the FED continuing its money printing spree for years to come; I don’t know what the value of the dollar will be (if any value at all) and I don’t even know it the companies of the stocks I own will still be in business,(IE: Lehman, Bear Sterns) But I do know that for 5,000 years or so that silver and gold has always maintained value in relationship to real money and held it’s purchasing power!
Well said Jim… Well said!
Understand, I am not trying to make you change your investment strategy – I am trying to enhance it.
Give me a call and lets talk…
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 Silver Launchpad – Silver has suffered a rough year, but its fortunes are changing. In recent months its price has firmed at the convergence of multiple major support zones, a powerful technical Launchpad. Silver has soared in parabolic up-legs from the handful of similar past convergences, a very bullish omen. And with silver languishing so low in its trading range relative to gold, it has enormous potential to catapult far higher soon.
The bottom line is silver today looks to be on a powerful technical launchpad. Despite extreme fear and despair near its brutal late-June lows, silver bounced off the confluence of multiple major support zones and has been rallying on balance ever since. It remains out of favor and way too low relative to gold, which gives silver enormous potential to far outpace gold’s advance as the precious-metals uplegs accelerate.
As always emerging out of hyper-bearish major lows, mainstream investors haven’t caught on. You won’t be hearing about silver’s new upleg on CNBC until its lion’s share is already past and the big easy gains have already been won. But for the brave contrarians willing to buy low when few others will, the bullish implications of today’s silver support convergence offer an exceptional opportunity to get in early and cheap.
12 Reasons Why Gold Price Will Rebound and Make New Highs in 2014 – Is the bull market in precious metals really over? In order to answer this question, I thought it would be constructive to re-visit the fundamental drivers of the gold price and determine if anything changed over the past two years to weaken the bullish case. My conclusion is that nearly all of the fundamental factors that have been driving the gold price higher in the past decade have only strengthened in the past two years. Now that the correction has most likely run its course, I expect gold to rebound into the close of the year and bounce sharply higher in 2014.
All of the fundamental reasons to own gold and silver have only strengthened in the past two years. Against this backdrop, the sharp correction in prices over the past two years makes little sense. Whether or not the price is being surreptitiously suppressed is not the important point. The bottom line is that prices are not reflective of the fundamental economic conditions in the world today and no matter why this is occurring; it is not likely to last long. So, I would suggest that investors welcome the manipulation and take advantage of the fire sale prices while they last. Here are the 12 reasons why…
Gold premiums climb to another record high on tight supply – But buying continues unabated (Reuters) – Indian gold premiums hit another record high on Friday because of a supply crunch ahead of the Diwali festival next week, caused in large part by government measures to restrict imports of the precious metal.
The Growing Rift With Saudi Arabia Threatens To Severely Damage The Petrodollar – The number one American export is U.S. dollars. It is paper currency that is backed up by absolutely nothing, but the rest of the world has been using it to trade with one another and so there is tremendous global demand for our dollars. The linchpin of this system is the petrodollar. For decades, if you have wanted to buy oil virtually anywhere in the world you have had to do so with U.S. dollars.
But if one of the biggest oil exporters on the planet, such as Saudi Arabia, decided to start accepting other currencies as payment for oil, the petrodollar monopoly would disintegrate very rapidly. For years, everyone assumed that nothing like that would happen any time soon, but now Saudi officials are warning of a “major shift” in relations with the United States. In fact, the Saudis are so upset at the Obama administration that “all options” are reportedly “on the table”. If it gets to the point where the Saudis decide to make a major move away from the petrodollar monopoly, it will be absolutely catastrophic for the U.S. economy.