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Now, onto protecting your wealth…
I wanted to share with you an email I received from a reader named Tom.
(I hope you don’t mind Tom, but I think there are about 5 million Tom’s in the US so you will remain anonymous)
I’m posting this because I’ll bet these same questions are on your mind too.
Silver News Surfer,
If all these countries are acquiring all this gold, why does the US control the price of gold and silver? It doesn’t make sense. China and India should be controlling the price and the world should not be giving the metals away.
With regard to supply and demand, when there is a demand, there should be the rise in prices right? Also, where are these countries getting all these tons of gold at these low prices? It all doesn’t make sense. It just doesn’t fit.
I’m glad you got that off your chest. You sound frustrated like everyone else… Here are some answers that I hope help you to understand, in my opinion, what is going on –
First, the US & London control the price of PAPER gold & silver because that’s where the home is of the COMEX and the LBMA. (For now) They are trying to give people a false sense of security that nobody needs gold and silver because its too volatile and risky and they can do that on the PAPER market; remember, they are leveraged 100/1 in the futures exchange.
So for every one-ounce of gold or silver, there are 100 people saying “that’s mine” – When the music stops… who gets their gold? The other reason for doing this is to make the USD look better than it is – Remember, we are $17 Trillion in the hole (and pumping) and the dollar, because of too much printing is becoming worthless (worth-less)
Two, China, Russia and India seem to control the PHYSICAL markets; we can see that with the massive demand coming out of both countries. The plan there is to acquire as much gold as humanly possible, then the Chinese will hold up the Yuan and say “see, ours is honest and backed by gold” – that’s when the US status of the reserve currency goes bye – bye and a new reserve currency is born.
Third, the reason China’s purchases don’t increase the price (at present) is because they don’t buy from the exchanges, (which reflect prices) they buy right from the miners and refiners themselves, (which do not effect exchange prices.) So you see, as frustrating as it is… it all makes perfect sense and the Chinese are very patient people and they have conceptualized this plan in the wake of our 2008 collapse – they see that we have become a country of financial weakness – and when they saw that all we did to respond to our crisis is throw money at it and devalue our dollar, they knew right there that they can have the world. As they saying goes… the man with the most gold makes the rules.
I hope this helped in understanding a bit more… as I said in my report today; stay strong and stay patient and you will be rewarded.
Now onto other news…
So folks… what did you and you’re friends do for the New Years Eve Celebration? I bet it was quite different than what they were doing over in China. Over there they had a New Year’s Eve Gold Rush At Shanghai Shopping Mall – The main reasons for this event is because The Chinese “don’t want to have U.S. dollars anymore. They want to have gold.”
Why the heck do Americans run away from the stuff when the Asians, Russians and Indian’s run to it? It baffles me. All you have to realize is that the price of Gold reflects the destruction of paper money.
I realize that Nobody wants to go in the water when the sharks are hungry, but looking at the Banker’s Participation Gold Report, I’d say its safe to start wading in – When you see stories like J.P. Morgan Sees Golden Opportunities for Huge Gains in 2014 With Gold and Silver you probably stop and say hey… What’s the trick? Lure us in only to slam it down again?
That would be a likely scenario if the Bankers Participation Report didn’t show how most banks were going long… big time! What that shows me is that perhaps they have beat the metal up so bad in 2013, that perhaps its time to move onto something else – If that were not the case, than why are ‘Shadow Warehouses’ are hoarding the world’s metal
Everything seems to be lining up nicely for a change – First the bank report, then JPM and now I see that the Silver Price Charts & Other Factors Say Now Is Time To Buy – and if that were not enough evidence, look at the Elliott Wave Technical Analysis for Silver
In 2013, did you realize that Russian Banks bought almost 90% of the Russian gold output? That’s some compelling numbers!
If it were as useless as the Mainstream Media leads you to believe, then why the heck would these countries be hoarding it when they can sell it and raise cash?! – Answer: They don’t want any ones cash. Its a race to debase and the only protection and insurance is the metal itself.
So if they’re hoarding their own stash and taking ours, are they onto something? Take a look at the Gold and Silver ETF Inventory Changes For 2013 – 942 Tones of Western Gold Gone
As gold closes out the worst year since 1981, remember – It’s an opportunity, a Christmas gift, a new years present because there is a strong and compelling case for ditching stocks and buying gold in 2014 Just look at this ugly death cross summed up in just one chart with very little comment.
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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…
HI…HO…SILVER To The Rescue! – Look closely at this chart. The timing is near perfect. All silver lows take place at # 3 low. The silver bulls are just about ready to begin their ultimate stampede all the way up to # 1 – # 2. Either join those few knowledgeable bulls or get out of the way to avoid being crushed! The bull market in silver began in November 2001 at the price of $4.01.
Since then, silver bullion made a new high at every grouping of # 1 high and # 2 high. The fascinating part of this fact is that each high was a larger multiple of the previous low. The first high of $8.50 was approximately 2 times the previous low of $4.01. The second high of $21.44 was approximately 4 times the previous low of $5.45. The third high of $49.82 was approximately 6 times the previous low of $8.40. If this progression continues to the next arrival at # 1 high the price should be approximately 8 times the previous low of $18.17 which is $145.36
The Most Remarkable News In The Gold & Silver Markets – Silver & Gold at the most oversold level in history, slightly eclipsing the oversold level from 31 years ago. From such extreme levels massive rebounds are to be expected. From June of 1982 to February of 1983 silver rallied a staggering 320%! A move like that today would take silver to $65 in just 8 months!
At the same time that we have gold, silver and the mining shares at the most oversold levels in history, we can see the S&P 500 is essentially at the most overbought level in history. The message for 2014 is that at some point we should expect this trend of historic extremes to reverse in the opposite direction. This means we should expect a big year for gold and silver by the time 2014 comes to an end.