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…
Pardon me. I thought the FED was printing $85 Billion Dollars per month. If that’s true, than how did the Federal Debt Jump $409 Billion in October? Holy Spit, that’s a big number for one month!
So now, The Fed sets tough tests in annual bank health war games saying Banks in the United States will have to test whether they can survive a halving of the stock market during a severe U.S. recession. A severe recession? Didn’t we just have on of those not too long ago? Are they seeing something that the economists that I posted yesterday are seeing? Is the FED reading the Silver News Surfer too?
Here’s the next question… Are you prepared for a US Bank “Bail-In? The point is that your money is not yours while it is “deposited” with a bank. And bail-ins are coming to shatter any illusion that they are for US depositors. Notice that banks are already setting up deposits for seizure. Despite the excuses of the likes of JPMorgan, the banks are indeed clamping down on outgoing international wire transfers and now putting in limits for withdrawal that they are closing the doors.
If you don’t get your money out now, possibly by end of this year or sooner, you may not be able ever to get it out. Once doors are closed the federal government might do a bank holiday and bail in to make the banks “solvent” again.
So, if we can’t leave our money in the bank and sleep well at night with even a hint of this happening… then what can we do?
Hint: Physical metal stored outside the banking system!
What are our choices when it comes to saving for our retirement?
We can start by reading this piece from Jeff Clark of Casey Research The Biggest Fear in Retirement, and the Golden Solution
An excerpt from the piece…
What place do precious metals have in your retirement portfolio? A critical place. But first, let me address how we categorize our investments…
In our portfolio, we start with what we refer to as “core holdings.” These are the assets you want to own should our worst fears come true. Many investors are concerned about government debt levels and money printing, and your core holdings are designed to help you weather any coming storm, whether it be inflation, economic collapse, or something unforeseen.
Think of your core holdings as insurance. These are assets you want to hold on to and not trade—we’ll only “cash in” if a worst-case scenario comes to pass. And as you know, gold and silver are ideal for this type of insurance. They’re recognized throughout the world and, if held in physical form, have the added benefit of being outside the financial system.
How much do you recommend in core holdings? We recommend core holdings comprise at least 10% of a portfolio. For those nearing retirement, I would recommend you be positioned at 10% by the time you stop working full time.
We trade time for money in our younger years—but retirement is the opposite; we trade money for time. Our focus changes from working and accumulating wealth to retirement and maintaining that wealth and making it last so we can enjoy the rest of our life.
OK, so now we have some solutions, but consider this:
From the words of John Embry of Sprott: With each passing day, as the gold supply moves from West to East, people that are interested in positioning themselves in gold better hurry up and do it because there is going to come a day when it’s nearly impossible to get a large position in physical gold, or silver for that matter. (Full article posted below)
So don’t worry guys – take your time and relax. Don’t rush in to buy now… there will be plenty of physical gold & silver around when the sh!t hits the fan and you scramble around to find a company who can service your needs.
Obviously, that was a touch of sarcasm, this is the exact reason you should not wait any longer. You see folks, some of you are doing exactly what the government is doing – you are kicking the can down the road and thinking you can deal with it later… Stop focussing on the price and focus on the value at this price!
The problem is that when later comes, the system will not allow you folks with a half million dollars or less to buy – The real physical will be bought up by massive amounts of people and countries with real wealth – throwing billions at it.
Think about something – How do you see this situation ending?
Do you see a slow unraveling or a systemic failure?
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…
Why Silver Prices Could Easily Double from Here – In the first 10 months of this year, the U.S. Mint sold 39.2 million ounces of silver in coins. In the same period last year, the Mint only sold 28.94 million ounces of silver in coins. A general negativity by investors surrounding silver this year has not stopped people from buying silver coins. In fact, demand is up 35% so far in 2013.
Gold/Silver Ratio: At present, it would take 60 ounces of silver to buy one ounce of gold bullion. The 200-year historical average is 37 ounces of silver to buy one ounce of gold bullion. If we go back to the historical average, and we eventually will, silver prices would have to rise to $35.00 an ounce given the current price of gold bullion.
Since silver prices fell this spring, silver producers don’t have much incentive to explore for more silver—they have started to cut back on their production. So supply is soft for silver, demand is rising, and investor sentiment is very negative—the perfect scenario for silver prices to start rising again.
John Embry: The Eerie Calm Before The Storm – With each passing day, as the gold supply moves from West to East, people that are interested in positioning themselves in gold better hurry up and do it because there is going to come a day when it’s nearly impossible to get a large position in physical gold, or silver for that matter.
Anything I say about gold, and I’m extremely bullish on gold, you can just double that for silver. The simple fact is that silver is a materially smaller market than gold, so any significant amount of money hitting it will have a more outsized impact.
Besides that, silver has much smaller above ground inventories and a very significant proportion of what is being dug up out of the ground is being consumed in industrial uses. So, when this thing really gets going, the silver price is just going to explode.
India Turning From Gold Due To Forced High Premiums– So if Indians aren’t buying gold, what are they buying? According to the local merchants in New Delhi and Mumbai—silver.
It might not carry the same prestige and status, but it is cheaper and thus a good alternative. Merchants are seeing strong demand this season for silver coins, up about 10 percent to 15 percent year-over-year, according to BNP Paribas Securities in India.
Silver won’t be able to replace gold’s important role in weddings, religious events and festivals, That’s why some experts say that regardless of economic conditions, India will always have a strong affinity for the yellow metal.
Somasundaram PR, managing director, India, for the World Gold Council, said that people there buy gold as a long-term investment to protect their wealth and that gold has social and emotional significance.
Coming of QE5 & Much Higher Precious Metals Prices – As the Banks & Brokerage Houses continue to forecast the tapering of the QE by the end of 2013 or beginning of 2014, the only choice the Fed will have will be to increase not decrease monetary stimulation. QE 5 is coming because U.S. economic indicators continue to disintegrate.
Something has motivated the retail investors to purchase Gold Eagles again. Even though the price of gold fell $40 last week, it dropped even further in September when went from a high of $1,400 to a low of $1,325 — the month in which sales were only 13,000 oz.
The Fed can’t stop its QE purchases or the whole house of cards comes crashing down. Marc Faber stated that the Fed purchases could rise to a $trillion a month. Who knows if we ever get to that amount, but before we do…. QE 5 is on its way.
There is only a fraction of physical gold and silver to back up the massive amount of paper claims. As QE heads to infinity, it will most certainly push the precious metals up to new highs never seen before.