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!
As Mike Maloney recently said… Why is it that people who work on Wall Street who produce nothing honest that we can use, get to live in big houses and drive in limousines; when the people who produce things for a living, like farmers and miners for example… are struggling? And we wonder why this country is all messed up?
Bad to worse: US economy shrank more than expected in Q1–The economy shrank because we don’t produce anything and anything that we try to produce becomes manipulated by the good ol boys of Wall Street.
IT IS NOT OK TO BE COMPLACENT HERE FRIENDS…
FED Regulator Details CRAZY Risk Taking By Banks, Blames FED – Banks are again taking big risks, the same risks that helped trigger the financial crisis, and they’re understating these risks. It wasn’t an edgy blogger but a bank regulator of the Federal Government – the Office of the Comptroller of the Currency – that issued this warning. And it explicitly blamed the Fed’s monetary policy.
Complacency is at about the same level as it was in 2007. Back then, it was followed by “subsequent market instability” – a euphemism for the financial crisis. Reason? “The longer volatility remains low, the more likely investors are to chase yields to maximize returns, often selling options that expose them to losses if prices drop suddenly, or taking on increased credit risk.” As banks pile on these trading risks when volatility is low, something else happens:
Stone Cold Proof That Government Economic Numbers Are Being Highly Manipulated – How in the world does the government expect us to trust the economic numbers that they give us anymore?
For a long time, many have suspected that they were being manipulated, and as you will see below we now have stone cold proof that this is indeed the case. But first, let’s talk about the revised GDP number for the first quarter of 2014 that was just released. Initially, they told us that the U.S. economy only shrank by 0.1 percent in Q1. Then that was revised down to a 1.0 percent contraction, and now we are being informed that the economy actually contracted by a whopping 2.9 percent during the first quarter.
So what are we actually supposed to believe? Sometimes I almost get the feeling that government bureaucrats are just throwing darts at a dartboard in order to get these numbers. Of course that is not actually true, but how do we know that we can actually trust the numbers that they give to us?
NOTE: The silver eagle rounds have been sold out – GONE!
HOWEVER, I STILL HAVE THE BUFFALO ROUNDS AT
$1.75 OVER SPOT DELIVERED TO YOUR DOOR!
BUT HURRY – THESE WILL BE SOLD OUT SOON ALSO
WARNING – PREMIUMS WILL RISE!
Now, onto the breaking news that matters…
Gold Gathering Itself For An Assault – The last few years have seen the reputation of banks and bankers virtually destroyed. Recently these included the charges of rigging global markets even extending into the world of gold. Until recently the shareholders were made to pay, not the bank executives involved. Now the charges have moved up from individual traders to the bank itself.
Today charges of fraud have been laid against Barclays over High-Frequency-Trading. The bank informed clients that such practices were for their benefit and improved liquidity. Now regulators describe such a practice as giving them a ‘huge advantage’ over others and through the off-market trading [40% of all trading is off-market] and exposing client investors to ‘predators’.
Sad to say regulations will not stop turpitude, simply direct them down another road to the same place. Such attitudes go to the very heart of capitalism, the race for profits.
Each scandal reinforces the case for gold, an investment trusted in the worst of environments. Even the gold market [not gold itself] has come under the spotlight and banker’s ‘rigging’ exposed. But gold throughout history has retained its value over the longer term, no matter how it is interfered with.
Historic Breakout Will Launch The Price Of Silver To $100 – When the price of a commodity takes out a long term record high ($50 for silver), that commodity tends to double in price (at a minimum) fairly quickly. That’s why I expect this coming move to $100 to happen in a fast and sometimes violent manner as soon as the 1980 is exceeded. I believe this move will shock many market participants but this is just normal action in a secular bull market. Enjoy the ride silver bulls.”
A Look At The Big Picture For The Gold Market – Below is a look at the 100+ year Dow/Gold ratio chart that was passed along to us by a KWN reader. Take a look at the peaks in the Dow/Gold ratio from 1929 (18.4 to 1), 1966 (27.9 to 1), and 1999 (an astounding 43.7 to 1). Two of the major lows took place in 1932 (2 to 1), and 1980 (1 to 1). Interestingly, by 2011 the Dow/Gold ratio plunged from 43.7 to well under 10 to 1.
Missing China Gold Warns Of Catastrophic Bullion Bank Default – On the heels of the news out of China that some shadow bank loans are backed by non-existent gold, today King World News spoke to the man who has been focused on uncovering sensitive government and market information for over 15 years.
What he had to say will surprise KWN readers around the world. Powell discussed Eric Sprott’s warning and stated that we will eventually see the paper gold Ponzi scheme lead to “bullion bank catastrophes” that will create a short squeeze unlike anything the world has ever seen. Below is what Chris Powell had to say in this remarkable and timely interview.
Did You Know… That if you made a $600,000 investment in a rare five-carat fancy pink diamond in 2001, you would yield about $3 million today.
Also, A five-carat fancy yellow diamond increased in value by 180 percent from 2001 to 2011 – compared to Berkshire Hathaway stock, which increased by 52 percent for that 10-year period and Coca Cola, which grew 42.5 percent
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