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!
Now, onto protecting your wealth…
I’ve always been one to put my feet in the shoes of the other person to get a better perspective of how they truly feel and why they do what they do, but I can’t, for the life of me figure this one out…
If you owned a company and it was failing miserably, if you had debts that you’re company couldn’t pay and people that were watching your every move; would you take a $4 million vacation at the expense of the very people that you owe? Well these folks would – First Family and Dog Bo to Leave Cold DC for $4 Million Hawaiian Vacation
Now don’t get me wrong, everyone deserves a vacation, but $4 Mil to Hawaii? Perhaps this is why, among other things, Obama’s Current Approval Rating Is The Ugliest Since Nixon
(Source: Business Insider) Maybe they should of tried a Holiday Inn Express.
The other thing I can’t figure out is how to get a job with Congress or the Senate – It seems you and me pay them quite well, but it also seems they are not hiring right now – Congress Base Pay $174,000: House Working Days 155: Senate Working Days 146: Bills Passed 57 vs. 40-year Average of 242
Now on to some real news… Sometimes I post something and say “Must See”, I really hope that you take the time to stop and look because of the importance, such as this… If you are like me, the least bit inquisitive about gold and silver price suppression, manipulation and the actual “all in cash costs” to mine the shiny stuff, then watch this very brief video from Peak Resources HERE
Could this be why Ted Butler, THE metals manipulation activist is saying JP Morgan Ending Its Death Grip On The Gold Market? I’ve said this before… If the banksters want you out of precious metals… Isn’t that exactly where you should be?
With all rumors flying around because of the FED meeting today, the majority of people like Marc Faber Warns The Fed will never end QE for good. and others say Here is Why the Fed Won’t Taper but one of the main reasons is that The Federal Reserve Is Leveraged Roughly 70 Times Ouch! Talk about your counter-party risks and systemic risks – No Thank You.
I would much rather buy something tangible than take massive risks and put all my trust in the FED’s balance sheet knowing full well that if those OVER-LEVERAGED derivatives have just one little hiccup, they will fall like a house of cards of a windy winters day.
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 following information is proof in fact of why I always say – “regardless of the limited downside from here, you must act now to acquire your share of bullion that you would like to allocate for your own portfolio, because when you think the price is right and you’re ready to buy; there may not be any left to be bought” See What’s Happening to All the Gold? It’s Gone!
As long as you are buying physical metal, this represents no counter-party risk; you can wait out this short term chaos with confidence that everything will be alright for you and your family. This would be the strongest message that I have for any reader out there that appreciates my work and can take a solid recommendation from me…
The Frightening Reality Of Gold Disappearing From The West – We believe the tip of the iceberg may be gold itself. There is a divergence between the availability of physical gold and paper gold with deliverable Comex inventories dropping from three million ounces to 700,000 ounces. The plunge in the gold price was caused by extraordinary large sell orders dumped on a coordinated basis at least a half dozen times.
The dramatic drop in delivered gold has caused more than 800 tonnes of redemption from the gold ETFs, resulting in a dramatic shift with physical gold ending up in Chinese vaults. The gold cupboards of the West are empty and markets are vulnerable to a huge short covering rally.
Gold climbed a whopping 550 percent in a twelve year run from the August 1999 low at $253 an ounce to the peak at $1,941 in September 2011 spurred by the financial crisis and quantitative easing. Since the peak, gold has fallen 37 percent or 26 percent this year, retesting the lows. Gold trading was interrupted half a dozen times as large futures contracts were dumped on the market raising questions that these leveraged bets were really manipulation.
The trading action, however has caused a shortage of physical bullion. Inventory stockpiles on Comex are at record lows such that paper claims per ounce of registered gold are at a whopping 70 times. There is simply not enough gold to satisfy these claims. As such we continue to believe $2,000 an ounce is only an interim objective and gold’s twelve-year bull run is not over. This year is the pause that refreshes.
Record U.S. Gold Bullion Exports Head to Hong Kong & Switzerland – As the Fed continues with its Quantitative Easing policy, U.S. gold bullion exports hit a new record in the first nine months of 2013. While it’s no secret to anyone in the precious metal community, the majority of U.S. gold exports found their way to Hong Kong and Switzerland.
Not only have gold bullion exports hit new records during Jan-Sept, they have already surpassed the total for 2012. If we look at the chart below, we can clearly see who has received most of the gold.
Why is this such a big deal? Because in the first nine months of 2012, total U.S. gold bullion exports were only 283 mt compared to the 416 mt so far this year. Which means the United States has exported 47% more gold bullion at an additional 133 mt compared to the same period last year.
Furthermore, total U.S. gold bullion exports in 2012 were only 371 mt compared to the 416 mt in the first nine months of 2013. As the price of gold started to decline in March of this year, including the huge take-down in April, U.S. gold bullion exports picked up significantly: