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!
I sure hope you had the chance to read the report I sent last Tuesday about the 6% interest program, If not, read it here.
Now onto protecting your wealth…
Several Factors Suggest A Big Move Is Coming For Gold – Thank God for the manipulation. We get to buy at lower prices. I just wish they manipulated the price of food, clothing and shelter lower as well. – The oppressive and illegal manipulation of the gold market is starting to show unintended consequences again.
At the beginning of April the LBMA (London) gold forward rate (GOFO) turned negative again. It’s been getting more negative every day this month. The GOFO is the interest paid on dollar/gold swap transaction. Ordinarily, it involves a party who pays interest to borrow dollars, using gold as collateral.
But when there’s a shortage of physical bullion, it means that one party needs to borrow gold and will pay interest plus put up dollars for collateral. It means that, at the current moment in time, it is perceived to be riskier to hold dollars than to hold gold.
Because there is a shortage of physical gold, the lender of the gold is being given the market value of the gold in dollars as collateral plus a rate of interest to compensate him for the risk that he might not get his gold back. Think about that for a moment.
Currency Manipulation: The ECB Finally Said it – The head of the European Union’s monetary agency, Mario Draghi, said in Washington last week that the strengthening of the euro exchange rate would require further monetary policy accommodation. Huh? What did he just say?
He said what many have suspected—the ECB will use of interest-rate policy to manipulate currency exchange rates. Yes that’s right; the euro zone is a currency manipulator and not ashamed to admit it!
Now here is something that doesn’t seem to be MANIPULATED. True, (Roy) people might not want to barter a diamond for food or ammo, but I’m not saying to park all your money in a rare color diamond, I’m just saying a portion of it.
Lets say you’ve got $100K allocated to hard asset protection – Tell me how $75K in gold and silver and a $25K color diamond doesn’t make sense – Because if the spit hits the fan like some think it will, it would be a heck of a lot easier to transport a 2 karat rare color diamond than the $75K in silver or gold.
I am looking all over and I see real wealth buying up assets. They’re buying art, real estate, rare color diamonds and yes, gold and silver too – just about any hard asset that they can park some money into until the smoke clears.
Lets say for the past 20 years you’ve been contributing to your IRA, 401K or even a savings account… If you took that money and protected it with a hard asset like a rare color diamond, you can’t tell me that you would not be far better off than if you didn’t. I mean, a 10-15% price appreciation for the past 40 years… with no down years! Source: Sotheby’s Auction House
I think that people sometimes forget that an IRA/401K is a long term savings plan for retirement and you want something with stability and long term growth… Right?
Just so we are crystal clear, I am A GOLD & SILVER BULL! Probably as big as they come. But I’m also a realist and as such, I would never park all my money or wealth in one asset class, no matter how good people say it is.
Gold and silver are money and because they are money and money is manipulated, I feel that it will always be manipulated… both to the upside (controlled) and the downside (uncontrolled). With that said, that’s why, in your best interest… I always promote diversity in hard assets – spread it across the board!
Now, of course, there are pros and cons to any investment you make, but these rare color diamonds have very few…
Should Your Clients Consider Diamond Investing? – These sparkly precious jewels are pretty to look at, but should they be a part of your clients’ portfolio? Like any long-term alternative investment, there are both pros and cons to consider. Click On The Diamonds To Read More…
Think Long Term – Think Legacy
Now onto the breaking news that matters…
Odds favor a 10%-20% correction: Strategist – Stocks could be setting up for a 10 percent to 20 percent correction, and the odds are good that it will be soon, according to Sam Stovall, chief equity strategist at S&P/Capital IQ.
Stovall has been expecting a 10 to 20 percent correction this year, but he says it’s more likely to begin during the second quarter, based on historic market patterns. The S&P 500 was down 4 percent from its April 4 high in Tuesday trading.
“We’ve gone 30 months without a decline of 10 percent or more. The average is 18 months. It’s just a matter of time,”
Gold: Buy Now & You Buy Right! Here Are 4 Reasons Why –
1. Gold prices are now at or below production costs.
2. You can buy more ounces of gold for your money now.
3. Gold is now, as always, a core asset that is essential in a political, economic or personal crisis.
4. The only thing that has changed now is the price of gold, not its wealth power.
What Really Happened at the Fed’s Secret Meeting…Gold’s Going to Go Ballistic, Silver Too – You saw how gold futures traders hung onto every word of Fed officials… hence the massive sell-off that spawned a gold anomaly by year’s end.
Lesson learned? Don’t stay so obsessed with what the Fed’s saying.
It’s painfully clear that they have lost control. The QE experiment will go down in the history books as a failure when all is said and done.
With no real signs of economic improvement on behalf of three rounds of quantitative easing — including Operation Twist — the consensus must be that massive money printing wasn’t exactly our economy’s knight-in-shining-armor (more like a whimsical summer fling at best).
In the meantime, the Fed is walking on eggshells to maintain an illusion of stability. With the end of the stimulus comes an adversely affected international high yield bond market, emerging market currency depreciation, and a reignited gold and silver bull run…
The Rising Costs For A Trip To The Grocery Store– Alert shoppers are accustomed to watching food prices go up and down. But a string of forces—from droughts to diseases—is raising the cost of a trip to the grocery store at a rapid clip. And it looks like it will be a while before the price pressure eases.
Some of that pressure is coming from California—the source of roughly half the nation’s fruits and vegetables—where a long-running drought is forcing farmers and ranchers to cut production. After the driest year on record, large sections of farmland are expected to lay fallow this year as the Golden State copes with an ongoing water crisis.
That could have “large and lasting effects on fruit, vegetable, dairy and egg prices,” according to a recent USDA report, which said the full impact has yet to be felt.