Silver, Gold, Oil, & Revolution
The price of crude oil has reached 100 dollars, because of the revolution and turmoil underway in the middle east. This uncertainty usually boost the value of the dollar as a flight to safety. But this time the dollar has been excluded as a flight to safety. This is very bearish for the dollar. On the other hand silver and gold have performed as the premier currency, rising in value lock step with each other. Crude oild fundamentals are not as bullish as gold and silver. Millions of Americans are still out of work. So there is no need to drive to work, take a vacation, or even, cruse down the local strip just to get away. So as you can see oil consumption in the USA has gone way down. Also stock piles of crude oil are also above average, so there are no issues with supplies either. The main reason oil has regained most of its value since the crash of 2008 can be attributed to a falling dollar. Oil, gold, silver, and other commodities are all priced in dollars, and when the value of the dollar falls then it takes more dollars to buy the commodity. Higher commodity prices for all. the fundamentals for silver on the other hand are very strong. Silver and Gold are money, and also a hedge against inflation. So with high inflation, limited supply, dollar devaluation, and record high global demand for the precious metals, you can see a very bullish case for both gold and silver. The US government will need to fund 1.7 trillion of deficit in order to pay for their huge budget. Since china and japan already own a trillion apiece, and interest rates held at 0% buy the federal reserve. Their debt investment has nowhere to go but down. The federal reserve will have to make up the difference and buy the US debt through further quantitative easing, further devaluing the dollar and increasing the paper value of commodities, especially gold and silver.
Silver to become a rare earth metal , it is Extremely undervalued. Silver to become extinct by year 2020 according to geologists only 300 millions ounces left! Silver is consumable industry metal it is used up : 95% gold ever found is still around 75% of silver is a by-product of mining other metal only 25% is primary product of mining,In 1480 the price of one ounce of Silver was equal to one ounce of Gold, Low supply, high demand Price to skyrocket get your silver and stay long!
Friday, February 25, 2011
Thursday, February 24, 2011
$400 Silver, Extreme Backwardation: James Turk on Goldseek Radio
James Turk & Chris Waltzek - February 23, 2011
$400 Silver, Extreme Backwardation: James Turk on Goldseek Radio
$400 Silver, Extreme Backwardation: James Turk on Goldseek Radio
Eric Sprott : There is No More Silver! The Government Lied...
Speaking at the Casey Research Gold and Resource Summit, Eric Sprott told investors that there is no more silver left to go around, "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."
Money or currency is something that can be exchanged for a good or service. You can do this with things like food and water, its just that some people prefer to do it with gold because of the properties that it has.
fungible
divisible
not based on debt
Doesn't go bad
Debt based currencies usually fail, thus gold is preferable to that. Gold is also preferable to water and food because it doesn't go bad and it you don't need large amounts to trade.
Money or currency is something that can be exchanged for a good or service. You can do this with things like food and water, its just that some people prefer to do it with gold because of the properties that it has.
fungible
divisible
not based on debt
Doesn't go bad
Debt based currencies usually fail, thus gold is preferable to that. Gold is also preferable to water and food because it doesn't go bad and it you don't need large amounts to trade.
Inflation Protection Gold & Silver
Inflation Protection ~ Gold & Silver ~ Are you protected from hyper-inflation and stock market crashes... the wealthy balance their investments with commodities... have you followed their example yet?
Wednesday, February 23, 2011
Silver Price Up, Food Shortages Developing, Food Prices Rising Oil Spikes Higher
Silver prices at $33.65, Gold price higher. Food shortages are developing around the world. Food prices are trending higher as poor weather and hoarding are are creating shortages. Silver bullion still in short supply.
Oill prices are spiking higher which will cause higher input costs for farmers which will translate into higher food prices. Oil spike would kill any hope of economic recovery. Economic collpase is more likely.
Earthquake in Chrictchurch, hurricane in Australia, unrest in the middle east. Libyan unrest, world in crisis. Prepare for worst hope for best. Prepper.
Oill prices are spiking higher which will cause higher input costs for farmers which will translate into higher food prices. Oil spike would kill any hope of economic recovery. Economic collpase is more likely.
Earthquake in Chrictchurch, hurricane in Australia, unrest in the middle east. Libyan unrest, world in crisis. Prepare for worst hope for best. Prepper.
Monday, February 21, 2011
Oil Super Spike! Silver Breaks $34 an ounce!!!
Gold is going CRAZY right now! I saw it go up 60 bucks in the last 5 days.. silver up 4 bucks in the same time We aren't breaking even with the rest of the world yet. Silver overseas is trading at over $45. When we hit that, then we can start seeing the real rises in price.US will never ever (or afford to) pay back the loans from China, Japan, Saudi, Korea, Taiwan..... Someone works out it will take 40 + years 40 + years....if the US decides to pay back 1 billion dollars a day. Yep, most of us would be gone by then.
Oil is going to be at the center of our problems. Middle East instability is heating up. Never mind peak oil just the instability alone will cause oil production slow. Saudi Arabia is firing on its own people this will only escalate things. The whole region is on fire right now. Oil, Metals, all commodities are going nuts. Treasuries are sun setting making me feel something big is coming soon.
Oil is going to be at the center of our problems. Middle East instability is heating up. Never mind peak oil just the instability alone will cause oil production slow. Saudi Arabia is firing on its own people this will only escalate things. The whole region is on fire right now. Oil, Metals, all commodities are going nuts. Treasuries are sun setting making me feel something big is coming soon.
Silver Price $33.95, Death and Mayhem in Libya, Crop Failures, Middle East on Fire!
Silver price hits just under $34.00 so far today. Gold is at $1407. Protests in Libya and across the middle east are ending in murder of the protesters. China suppresses its own Jasmine Protests over the weeend. Precious metals are shooting up over the volatility. Silver bullion in demand. Oil prices up on violence. Late breaking news has Libyan Jets firing on protesters.
Crop failures across the world threaten to send food prices higher further fueling the food riots. A rise in food and oil prices threaten any fantasy of an economic recovery and may end in an economic collapse. Inflation being created by the Fed is fueling the fires. Hyperinflation and dollar collapse remain a threat. Prepare now. Preppers.
Crop failures across the world threaten to send food prices higher further fueling the food riots. A rise in food and oil prices threaten any fantasy of an economic recovery and may end in an economic collapse. Inflation being created by the Fed is fueling the fires. Hyperinflation and dollar collapse remain a threat. Prepare now. Preppers.
Sunday, February 20, 2011
Bob Chapman Silver could reach $500 an ounce
Bob Chapman - Silver TALK on Goldseek Radio - 02/2011
Bob Chapman :"...I do not know where silver is going to $500 or to $100 , all I know it is going up , same with gold I know it is going to $3000 easily ....."
Mr. Bob Chapman is 75 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Mr. Chapman belonged to The Traders Association for 25 years. He did all his own trading. During his South African years some was done directly through Johannesburg, but 95% was done through London brokerage firms. Hence, he has extensive contacts, both in London and on the Continent.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Bob Chapman :"...I do not know where silver is going to $500 or to $100 , all I know it is going up , same with gold I know it is going to $3000 easily ....."
Mr. Bob Chapman is 75 years old. He was born in Boston, MA and attended Northeastern University majoring in business management. He spent three years in the U. S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, a year in Canada and a year in the Bahamas.
Mr. Chapman became a stockbroker in 1960 and retired in 1988. For 18 of those years he owned his own brokerage firm. He was probably the largest gold and silver stockbroker in the world during that period. When he retired he had over 6,000 clients.
Mr. Chapman belonged to The Traders Association for 25 years. He did all his own trading. During his South African years some was done directly through Johannesburg, but 95% was done through London brokerage firms. Hence, he has extensive contacts, both in London and on the Continent.
In June of 1991, at the request of business associates, and due to retirement boredom, he began writing the International Forecaster.
Saturday, February 19, 2011
SILVER SHORT SQUEEZE - PRICE GOING TO THE MOON!!!
Just a quick update about the recent price increase in Silver and it's REAL Future potential!!! Just buy , don't worry if it dips a few bucks because it's going to go up ALOT more than just a few bucks. Probably a couple hundred bucks or more eventually. IMO silver is a good buy even right now.I will quit buying silver when it reaches $300 an ounce
If the Silver price drops...I WILL BUY MORE.
If the Silver price goes up...I WILL BUY MORE.
If the Silver price drops...I WILL BUY MORE.
If the Silver price goes up...I WILL BUY MORE.
Friday, February 18, 2011
Silver Price $32.88, Demand Rising, Indian Silver ETFs, Buy Silver
Silver price had a high of $32.88 so far today. Silver bullion is still in great demand. Some Indian Banks are trying to launch a silver ETF due to the large success they had with the gold funds. The indians are still turning to silver bullion and silver jewelry as a more affordable alternative to buying gold.
The Indians favor silver and gold for their savings and investment. Buy silver.
Dollar is down today, and a currency crisis is still in our future. Dollar collapse would cause a full economic collapse in America. A flight to precious metals is taking place and will accelerate as more countries dump the dollar.
The Indians favor silver and gold for their savings and investment. Buy silver.
Dollar is down today, and a currency crisis is still in our future. Dollar collapse would cause a full economic collapse in America. A flight to precious metals is taking place and will accelerate as more countries dump the dollar.
Thursday, February 17, 2011
Fake Cops Pull Huge Silver Bullion Heist
Fake Cops Pull Huge Silver Bullion Heist. Thursday, February 17, 2011. Chilliwack, British Columbia Canada
http://www.theprovince.com/silver%20s...
http://www.theprovince.com/silver%20s...
Wednesday, February 16, 2011
Ted Butler on Silver Shortages
Silver was around $ 4.02 an Oz in 2000, now it's nearly $28, now that's investment! I'm buying for the longterm, my silver is for keeps unless there's a massive price explosion. Gold for February delivery was tanking $16.20 to $1,328.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Tuesday has traded has high as $1,338 and as low as $1,321.90. The spot gold price was holding up better supported by physical buying down only $5.30, according to Kitco's gold index
Ted Butler : ...No one knows for sure. It comes down to how much additional long liquidation the big shorts can engineer. We are still above all the critical moving averages, so there does exist the possibility we could go lower to get the technical funds completely flushed out. For sure, if we do go lower, it will be because JPMorgan and the other COMEX crooks are successful in tricking the technical funds into forced selling and not for any other reason. But there has been significant liquidation already, so it is just as possible it could be done or nearly so. Certainly there is nothing in the real world of silver that would account for further selling.
Ted Butler : ...No one knows for sure. It comes down to how much additional long liquidation the big shorts can engineer. We are still above all the critical moving averages, so there does exist the possibility we could go lower to get the technical funds completely flushed out. For sure, if we do go lower, it will be because JPMorgan and the other COMEX crooks are successful in tricking the technical funds into forced selling and not for any other reason. But there has been significant liquidation already, so it is just as possible it could be done or nearly so. Certainly there is nothing in the real world of silver that would account for further selling.
Silver and Gold Demand Explodes in China.
that is exactly why gold/silver could never be in a bubble. All the Asians would simply buy it up if it ever crashed in price. The dynamics have changed since the 79/80. This time it aint coming back down. We've already seen that physical has more or less diverged from paper in price terms.
Silver and Gold physical bullion products are in high demand. China sold 7 tons of Gold bullion in January, compared to selling 15 tons gold all of last year.
They sold 13 tons of physical silver in January compared to selling 33 tons of silver all of last year. Inflation has the chinese people spooked. The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.
When the dollar collapses or an economic collapse spreads throught the west, we are going to find that China has all the metal and real wealth and we have a stack of worthless paper.
The chinese are buying physical silver and gold. Are you?
http://www.reuters.com/article/2011/0...
Silver and Gold physical bullion products are in high demand. China sold 7 tons of Gold bullion in January, compared to selling 15 tons gold all of last year.
They sold 13 tons of physical silver in January compared to selling 33 tons of silver all of last year. Inflation has the chinese people spooked. The Chinese government is actively encouraging their people to buy physical gold and silver instead of putting their money into real estate.
When the dollar collapses or an economic collapse spreads throught the west, we are going to find that China has all the metal and real wealth and we have a stack of worthless paper.
The chinese are buying physical silver and gold. Are you?
http://www.reuters.com/article/2011/0...
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