14 Reasons To Continue To Buy Gold And Silver

14 Reasons To Continue To Buy Gold And Silver

“Wealth is not destroyed….It is merely transferred.”-Larry Bates

Gold may be the desirable woman every man wants, but silver is the girl you bring home to mom
. Often overlooked and unappreciated, silver has moved from its post 2008 crash low of $10/oz. to its present level of $38/oz-a cool 300% appreciation. This movement includes the obvious price suppression fraud perpetrated by the COMEX in May when it raised margin requirements five times in an attempt to spook investors, flush out those holding long-term futures contracts, and to protect the largest holder of silver short contracts, JPMorgan. The margin changes were very effective in knocking the price down from $49.70/oz. to just below $33/oz.Yes, silver is manipulated in perpetuity, but, in the end, she is worth it. With price consolidation now over, I believe the time has come to buy more.
“One never knows exactly how the markets will unfold, but my sense is that we only have several more days of silver in the 30s,” Turk told King World News. “Once silver clears $38 on a closing basis, you are going to get back into the mid 40s in a heartbeat.”-James Turk-7/13/11
For thousands of years, silver, like gold, has been sound money, a viable alternative to worthless paper IOUs and the self-destructive monetary policy of government. This is where the comparisons stop. Ninety percent of all the gold ever mined is still in existence. Silver, on the other hand, is routinely discarded after use. Specifically, it is not cost effective to retrieve the silver in old cell phones or computers, etc. As recently as 2008, the United States Geological Survey(USGS) stated that, at current rates of production, there is less minable silver in the earth than any other metal. Moreover, Less than ten percent of gold is used in industrial applications whereas silver is one of the most important industrial metals today. Silver is the best conductor of electricity, surpassing even copper. Every laptop, desktop computer, stereo, ipad, cell phone, and tablet all require silver. It’s used in batteries, solar panels, water purification systems,brazing and soldering,textiles, military hardware, medical applications,jewelry, photography and, of course, our favorite, bullion coins. Emerging markets will require even more silver than will be readily available in the coming years. Suffice it to say, this baby is gonna explode! Industrial usage exceeding yearly mined supply, accepted, proven monetary value, price manipulation keeping the price low for buyers, and geopolitical upheaval all add up to the investment chance of a lifetime! The incontrovertible proof of the decline of Western civilization is now upon us.
  1. Debt per household in the U.S. now totals well over $500,000.
  2. The United States now has the widest wealth disparity between rich and poor in the developed world.
  3. Ben Bernanke all but admitted this week that QE3 would come into play if economic weakness persists in the United States. Certainly, Wednesday’s exchange with Representative Ron Paul about the role of gold in the global economy did nothing to alter those sentiments. I suggest everyone take the time to find the video-Bernanke’s view on gold will shock and disgust you.
  4. The Utah coin act of 2011 recognizes precious metals as legal tender. This bill took effect on May 10. Other states considering precious metals include: Minnesota, Iowa, Missouri, Indiana, North Carolina, South Carolina, Georgia, Colorado, Oklahoma, Tennessee, Virginia, Vermont, New Hampshire, Montana and Washington.
  5. The state government of Minnesota is currently shut down. Obviously, a resolution is imminent, but this incident amplifies just how feckless state government has become.
  6. The debt ceiling saga in Washington is playing out exactly as the globalists want further arresting economic growth.
  7. NATO will soon be invading Libya.
  8. The ongoing crises in Europe continue to threaten the Euro and every other worthless piece of fiat paper money. The bankster contagion has now spread to Italy, Portugal and Spain.
  9. Japan is still in the throes of a crisis at its Fukushima nuclear facility. Radioactive meat is now circulating in Japanese markets. This does not bode well for the world’s third largest economy.
  10. India plans to import 350 tons of gold and 1,200 tons of silver in the coming months. China’s need for industrial silver is also exploding, as is its appetite for both gold and silver investment. Over two billion people will be major players in the precious metals market for decades to come-CHA-CHING!
  11. Switzerland’s Parliament will soon discuss the gold franc as a parallel currency to the Swiss franc.
  12. Russian President Vladimir Putin recently referred to Ben Bernanke as a hooligan and criticized the Fed’s QE policy. Yes, the rest of the world is tiring of America’s free money handout to the banksters. The Federal Reserve is now the largest holder of our debt!
  13. Nations like Russia and China are trading in each other’s currencies bypassing the USDollar. The days of the USDollar as the world’s reserve currency are numbered.
  14. Three of the largest oil fields in the world are in a state of rapid, permanent decline. GHAWAR OIL FIELD- Saudi Arabia BERGEN OIL FIELD-Kuwait CANTARELL OIL FIELD- Mexico The overarching economic consequences of Peak Oil can no longer be denied.
“A geopolitical impact is on the horizon. The Saudis cannot increase output. The Petro-Dollar defacto standard is built on Saudi oil, whose volume is far less than believed. They have a dead elephant oilfield in Ghawar, details in the private reports. The Bernanke speech that cited numerous exogenous factors, plus the OPEC stalemate, seems to provide the Gold & Silver price the lit fuse for rising. The Petro-Dollar requires USMilitary protection of the Saudi royal billionaires. They are busy cutting deals for Persian Gulf security from China and Russia. It requires control of oil supply by the Saudis. It requires a US$-based purchase & sale of crude. All three requirements are slowly vanishing. The Petro-Dollar is dying a slow death. With its disappearance will come the Third World to the United States.”-Jim Willie-6/9/11
USGS data suggests that gold and silver will be the two metals we will run out of first. Gold reserves will likely be exhausted in thirty years, and silver in twenty-five.
Don’t Tread on Me has many, many articles on silver, and I certainly do not wish to belabor the point on its importance, but I can no longer contain my enthusiasm. Not only should ordinary citizens buy metals, especially silver, every month, they also should shun all paper investments, be it 401k, pensions, or bonds. Inflation will continue to confiscate the value of these assets over time, and the banking system is so debt ridden and broken that the likelihood of this money being available once the system collapses is suspect. Locking your hard-earned money up in a risky fiat vehicle with little yield for years simply makes no sense anymore. Your money should be nearby and easily accessible at all times.
Every personal misfortune has a silver lining it is said. Who would have ever thought that that lining would be the metal itself. Keep buying, embrace the price manipulation and volatility as opportunity to accumulate more, and continue to have faith.
“Truth is treason in the empire of lies.”-Ron Paul
Wake Some People Up!

Categories: News mix

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