Silver News

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!


The FED’S Latest Scam, Gold or Poverty: It’s Your Choice

December 3, 2013 8:45 am est

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…

When you’re right, you’re right. Yesterday when I discussed how when the US is on holiday, gold & silver does what its supposed to do – Go Up.

As soon as the Cartel comes back from holiday BAM! Gold & Silver take a nose dive for absolutely no reason at all!! But don’t worry guys, China is fully aware of gold price suppression and planning to overthrow it – 

What can we do about it other that sit back and take it? What can we really do when The Biggest Bullies are the Big Central Banks and Their Big Central Governments You certainly can’t reason with a bully, so you must decide to take him out at his own game right?

In fact, that’s what a lot of people decided to do yesterday – Buy silver & gold at the cheap prices. You see guys – the metals may be manipulated, but as long as the core fundamental reason is clear and present to own physical precious metals, then you the investor is presented with a once in a lifetime opportunity to but at ultra cheap prices. Silver at $19.00?

Name one thing (a necessity) that you can buy today that is cheaper than it was 3 years ago. Gas has more than doubled, groceries have increased tremendously, healthcare costs more (and going to continue to rise)

Put another way… What happens to the price of one thing when the demand is high and the supply of that thing is low?

Ask India – ‘Severe shortage’ pushes India gold premiums back to $130 an ounce and as the article suggests, the spike in premiums are not deterring the people from buying because they know how gold, at any price protects them from a currency plunge as they have experienced this year with the Rupee.

This seems to me like the home stretch. The end of the road. The last ditch effort from the US to again, scare you our of your physical holding so they can have it to send more to the East. Its not going to work on me and looking at the size of your orders yesterday, it appears its not going to work on you either.

The Federal Reserve’s Latest Scam, Gold or Poverty: Your Choice – Let’s say the Fed decides to reduce its rate of quantitative easing (monetary inflation). And let’s say the Fed tries to offset this by stopping interest payments on bank  reserves…We’ll assume this entices banks to dramatically reduce their excess reserves, thus lending out bank deposits.

If this happens, then you will have a whole lot more to worry about than paying a $5 monthly maintenance fee to your bank (Because as you know, It has been reported that banks may consider charging customers for keeping deposits in the banks, if the Federal Reserve (the Fed) changes its policy of paying interest on bank reserves.)

You had better start worrying more about massive consumer price inflation. It could make the 1970s look tame by comparison.The reality is you won’t be thinking about your monthly maintenance fee at the bank when you’re paying twice as much for groceries and $10 for a gallon of gas for your car.

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Time for Gold-Bugs to Admit Defeat? – Casey Research – Gold’s price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall sell-off. Many technical analysts are saying that the “damage” on the charts is too great for gold to recover. The rout is so bad, even hardened goldbugs have grown quiet lately.

Given that all the reasons gold rose from 2001 to 2011 are still in force, I am convinced gold’s current correction is the setup for a second big surge—and, ultimately, a true gold mania of historic proportions.

Just because gold doesn’t seem to be reacting to Fed money-printing at the moment doesn’t mean it won’t. Sooner or later, reality trumps fantasy. Reason says that you can’t quintuple your balance sheet in five years and expect no repercussions. The Fed keeps hinting it will taper its money printing, but it still has not. We’ve had QE1, QE2, Operation Twist, and now QE3… none of them has worked, and the new Fed chair wants to print even more money.

It’s pure fantasy to believe there will be no consequences to these actions—and the reality is that whatever else happens, gold will react positively.

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In this brief 5 minute video, Mike Maloney describes Why It’s Going To Be A Whole Lot Worse Than In The 1930s Remember, Mike Maloney forecasted in the mid-2000s, the roller-coaster ride that continues today in world markets and economies. He has been – so far – spot on with his projections.

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…

Embry: Get Ready For A Worldwide Depression & Historic Social Unrest – I’m also focused on the gold market, which is the most counterintuitive market I’ve ever seen.  Silver is the same way, but I want to talk about gold.  All I see is currency debasement everywhere as the money supply around the world is going parabolic, which should be extremely bullish for gold.

At the same time, physical inventories are clearly falling.  The amount of gold going into China is virtually taking up the entire world annual production.  But the Chinese are not the only entities buying gold.  This is why you know there is a great deal of Western gold flooding the market through various leasing mechanisms.

As a result you have this remarkably negative sentiment which has developed because the gold price has been crushed by the paper market.  The thing that has me most concerned here is the leverage in the fractional reserve paper market.  When you look at how many claims there are on each ounce of gold that exists in places like the LBMA and the Comex they are staggering.  There are about 70 claims for each ounce of gold.

So gold and silver are setting up for probably the greatest bull market in anything.  But until it happens, everybody is negative and being influenced by the action in the paper gold market.  I’ve never seen anything like this.

The only reason the economy and the financial system is remaining afloat is because of these ridiculously unsustainable low interest rates.  So we’re headed for a major crisis, it’s just a question of when?  The combination of derivatives, QE and algorithmic trading have allowed all of these markets to be manipulated and falsified for far longer than the rational mind would have expected.  But it’s solving nothing, and the end game just gets worse with each passing day.”

People who have been big believers in gold and silver have been giving up recently.  The only thing I can say in response to that is this is the best opportunity to buy this stuff in history.  Don’t give in because this is what the central planners want you to do.  Central planners in the West want people to throw in the towel because they want your metal.

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Gold To Rise Like The Proverbial Phoenix In 2014-2015 – If gold successfully retests the 61.8% Fibonacci level… – The long-term monthly chart of gold clearly shows it is in a secular bull market that started in 2001, reaching its all-time high of $1,921/oz in September 2011.  Since then the shiny yellow has been undergoing a normal consolidation. Moreover, if gold can hold above its 61.8% Fibonacci level ($1,186), then it will most probably again begin to rise and eventually forge a new all-time record high sometime in 2014.

Silver and Gold Are The Best Performing Assets Since Lehman Brothers

Last September marked the five-year anniversary of the collapse of Lehman Brothers (September 2008). This is a good moment to size up how well global markets have recovered. According to Deutsche Bank, the total return performance of Major Global Financial Assets shows that Silver had the highest percentage gain.

Gold takes the second position amongst these global financial assets.  Effectively, silver has outperformed all of the financial assets as well as the major commodities such as copper, Brent Crude, corn and wheat.  What is even more amazing is that silver has still taken the number one position even though its price has fallen 56% since its high in May of 2011.

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Is the gold price pulling on a string and about to snap back like in 1999 when it jumped 27% in two weeks? – This has been the first down year for gold in 13 years. Gold bugs are looking tired, drawn and poorer. What’s gone wrong for the precious metal?

If you take the view from Mount Olympus then the gold price has suffered from a switch by global investors into the very old stock market rally and a big hike in gold taxes in India, the biggest market for physical gold. At the same time China has more than doubled its consumption of gold this year and will easily overtake India.

The Chinese and other global central banks that have been buying gold at low prices this year are the ones who are getting this right, not the late comers to the stock market party. Indians may be paying 10 per cent tax on their domestic gold purchases but they know how gold protected its holders from the devaluation of the rupee this year.

By accumulating huge gold reserves the Chinese are ensuring that gold resumes its role as the center of the global monetary system when the fiat money system finally collapses. Trouble in the global bond markets as Grandma Yellen tries to wriggle out of QE will be the first tremors in this coming drama.

You won’t want to own anything except gold and silver when that happens!

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