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China Starts To Make A Power Mover Against The US Dollar…

February 26, 2014 8:12 am est

I wanted to try to get back to the old system, whereas I would do a little less writing and highlight excerpts from each important story I research. Also, do to popular demand from emails and calls from you the readers, I’ve decided to try to find a way where I can get back to sending out the reports via email the way that I used to. I should have that wrapped up in about a week or so.

The Collapse Of Bitcoin – Bitcoin is a virtual currency that has no intrinsic value.  The only thing giving bitcoin value is the faith that people have in it, and now that faith has been shattered.  This week, the most prominent bitcoin exchange in the entire world, Mt. Gox, totally collapsed. now the website has been taken down, there are rumors of catastrophic losses, and many investors are concerned that they will lose all of their money.

In fact, according to one report, investors could be facing total losses of up to 367 million dollars.  The collapse of Mt. Gox is also affecting other bitcoin exchanges.  As I write this, the market value of bitcoin had fallen to about $470, but just three months ago it was trading close to $1,200.  Needless to say, a lot of bitcoin investors are going to be licking their wounds tonight.

I have never written much about bitcoin because I never believed in it.  Personally, I have always preferred to stick to silver and gold.  But I can’t blame people for wanting to create a monetary system that worked outside of the central bank-controlled paradigm that we have today.

10 Signs That Reveal Mounting Panic In The Banking System – We don’t want to cause you unnecessary stress or worry, but it might be prudent to pay attention to a series of unusual news reports recently emanating from the banking world.  Viewed independently, each event might be rather insignificant.

However, when examined collectively, these events paint a very dire warning for the safety of bank deposits everywhere.  Naturally, most all of these have received little to no coverage by the mainstream media.  That is to be expected.

The mainstream media’s job one is to always obfuscate any potentially dangerous news that has a chance of frightening investors or depositors.  After all, the goal of the world banking cartel/equities Ponzi scheme is to keep depositors and investors relaxed and passive in their comfort zones until the complete collapse of their positions is unavoidable.

Here is a timeline of these very disturbing banking events that have occurred since last fall:

China Starts To Make A Power Move Against The U.S. Dollar – In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates.  Of course the number one foreign nation that we depend on to participate in our system is China.

China accounts for more global trade than anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars.  This keeps demand for our dollars very high, and it ensures that we can import massive quantities of goods from overseas at very low cost.  As a major exporting nation, China ends up with gigantic piles of our dollars.  They lend many of those dollars back to us at ridiculously low interest rates.

At this point, China owns more of our national debt than any other country does.  But if China was to decide to quit playing our game and started moving away from U.S. dollars and U.S. debt, our economic prosperity could disappear very rapidly.  Demand for the U.S. dollar would fall and prices would go up.  And interest rates on our debt and everything else in our financial system would go up to crippling levels.  So it is absolutely critical to our financial future that China continues to play our game.

Unfortunately, there are signs that China has now decided to start looking for a smooth exit from the game.  In November, I wrote about how the central bank of China has announced that it is “no longer in China’s favor to accumulate foreign-exchange reserves”.  That means that the pile of U.S. dollars that China is sitting on is not going to get any higher.

A Silver Lining – Journalism has become a joke and it is a big part of the reason why people buy the tops and sell the bottoms. I’m going to make the following arguments for making silver a part of your overall financial mitigation strategy. These arguments are not ordered in any particular way because degree of importance is really up to the individual investor to determine. I will, however, provide my opinions and experiences. In the interests of furnishing a comprehensive analysis, I’ll also point out potential drawbacks where they exist. The goal is to provide you, the reader, with actionable information.

When you put all this together, it makes for a compelling case for silver, especially at these bargain basement prices. The activities of banks such as JPMorgan and HSBC to suppress the price should be reason enough to get some for yourself. Obviously they’re suppressing so others can purchase it cheaply – and to drive it out of weak hands by the buy high, sell low mechanism I described at the outset of the essay.

This is one of those unique situations where you have enough information based on what has gone on elsewhere and what’s already happened here in America that you should be able to realize that merely going on as we always have is no longer an option. If we don’t get proactive and forget about the perceptions of others and the propaganda put out by governments and the press, then we’re going to be the ones with no quarter when the hammers start falling again.

U.S. MINT UPDATE: Silver Eagles Nearly Sell Out In Two Days – The U.S. Mint updated its sales figures today… and it was another whopper.  Yesterday, the U.S. Mint sold 825,500 Silver Eagles which was about two-thirds of the weekly allocation.

The U.S. Mint raised the total allocation to its authorized dealers this week to 1,250,000 compared to 750,000 last week.  Today, the U.S. Mint sold another 346,000 Silver Eagles for a total of 1,171,500.

There is a great deal of LOUSY ANALYSIS in the markets.  I just saw Goldman Sachs downgrade Pan American Silver to a “SELL”, because the top-notch institution believes the price of silver is “overvalued.”

If I were to make a comparison here on what is really INSANE in this market… we would have the following figures:

FED Monthly Treasury & MBS Purchases (FEB) = $65 billion

TOTAL VALUE U.S. Mint Silver Eagle Sales (FEB) = $90 million

FEB U.S Mint Sales = 0.13% of Total Fed FEB purchases

I still receive a great deal of email from people suggesting to me that silver is overvalued and is not a good investment.  All I can say to these folks.. wait around a few years and get back with me.

FEB U.S Mint Sales = 0.13% of Total Fed FEB purchases

I still receive a great deal of email from people suggesting to me that silver is overvalued and is not a good investment.  All I can say to these folks.. wait around a few years and get back with me.