Silver industry hit by shortage of craftsmen

Silver is a versatile metal, in the true sense of the word. It is adorned not just by women, as undoubtedly the silver khanjar is every Omani man's pride. There has always been a huge demand for silver, especially in Nizwa, which is said to be the oldest and the most famous wilayat to produce exquisite and creative silverware. But despite the means to produce such artefacts and a good demand, the industry has a serious dearth of Omani craftsmen, who are unwilling to acquire skills and keep up the tradition. Tourism is a major catalyst for the sale of silver in Nizwa. Edrees al Hashami, manager at the department of craft industries in the Dakhliyah governorate, said, “Demand for silver is continuously increasing and the main factors pushing the demand is an increase in tourism and trade. Omanis too prefer silver more than gold because the latter is expensive.” Nizwa Souq is the destination for silver lovers and the most popular items sold there are rings, chains and necklaces, according to Dawood al Ishaqi, a handicrafts dealer. Further, addition of fresh new designs to the stock attracts more customers, said Suleiman al Suleimani, a jewellery businessman in the souq.

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MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Shortage looming ~ Mike Maloney

Silver & Gold - Debt Collapse - Mike Maloney Every American citizen should watch this video. I majored in Finance and Economics and I have never seen a more clear concise explanation on how our monetary system works. The fractional banking system back in the early 70's was called the "multiple expansion deposit theory". It was what we all had to know to pass the course. It has only been in the last few years that I have realized what an insane system this is. We must get control of the FED and our national debt.

Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next decade...short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

What Are the Silver to Gold and Platinum to Gold Ratios Indicating?

At my firm, we are deeply convinced that the bullish fundamentals for the precious metals market are still in place, and are not easily put off by recent corrections. But how can one tell which asset will outperform the others when the market finally starts to rally strongly? You might have noticed that we quite often use various ratios on our charts – such a technique is called Relative Strength Analysis and helps an analyst tell which of the two assets (or group of assets) is likely to do better in the future. This may be done to compare two particular assets (such as silver:gold ratio) or two groups of assets (such as the general stock market and precious metals stocks – SPX:GDX ratio).
>> Read more: http://www.minyanville.com/sectors/precious-metals/articles/What-do-Silver-to-Gold-and/1/11/2013/id/47323#ixzz2HhH7wEoy
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

A Big Correction for Gold And Silver

Gold was in another correction mode on Thursday morning—the fourth in less than a month—dipping below $1645; proving wrong those expecting the precious metal to hit $3000 by this year’s end. Silver dipped below $30. Gold ETFs like SPDR Gold Shares (NYSE:GLD) were also sharply lower (down 1.53 percent); silver ETFs like ISHARES SILVER TRUST (NYSE:SLV) followed through in sympathy (down 3.82 percent) - in Forbes Blog

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Guatemalans Resist Invasion of North American Mines

In November we traveled to Guatemala to study Spanish and learn about the lives of the indigenous Maya people. Guatemala is an amazingly beautiful country, with countless mountains and valleys, and 22 volcanoes, the most in Central America. The people are very friendly and good humored. Traditional Mayan culture, mostly observed in the colorful dress of the Mayan women, lives side by side with modernity. Picture a traditionally dressed indigenous peasant woman tending her cattle and sheep on a hillside pasture. Now watch her pull a cell phone out of her skirt to call her children. We are not just Spanish students and certainly not “tourists” in the usual sense. We are active members of Veterans For Peace, and we are very concerned about the U.S. role in Central America. The legacy of the 36-year war waged by the Guatemalan military against its indigenous people is everywhere. A peace agreement was signed in 1996, but many people we met, especially in the mountainous Mayan communities, told us the war continues – through discrimination, poverty, lack of voice in government, and now the systematic destruction of their communities in favor of gold and silver mining, hydroelectric dams, cement plants and oil exploration.

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MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver - The Opportunity Of A Decade

Silver is increasingly seen as an undervalued asset and its strong consolidation levels around $30 to $33 are seen as a buying opportunity by many. As more people become aware of the multiple aspects of demand for silver - from industrial to monetary - the silver market once again will become accepted in the financial community as an investment in a similar vein as gold. As more analysts begin to look at silver, the market may be acknowledging the scarcity and affordability of silver in comparison to gold.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Silver Prices in the Event of a Comex Default

By Dr. Jeffrey Lewis January 4, 2013

 If and when the Comex silver market implodes, so should the paper market for silver. Nevertheless, can this happen and will it happen?



Also, if a Comex default does occur, what are the likely scenarios and aftermath that will impact silver traders and the price of silver? The following sections explore the increasingly likely possibility of a Comex default in further detail.



Inability to Deliver Physical Silver

Perhaps the most likely scenario of a Comex “default” would involve the inability to deliver physical silver into its futures contracts due to a pronounced and protracted physical metal shortage.

In this case, those holding paper certificates instead of actual physical silver will probably be settled at the cash value of their position once the physical delivery problem finally comes to a head.

At this point, trading in silver futures on the Comex will probably also be halted temporarily while the market figures out the real price of physical silver.

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MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Physical silver is a long-term safe haven

It is not a secret that silver is much better long-term investment than gold. This is attributed to the more diversified use of the white metal, its current low price and optimistic future prognosis. Investing in silver futures for the short term has certain risks which could be positive or negative – almost like gambling. If you are a safe-player investor type, than consider the physical silver investment opportunities. Bearing in mind that the long-term takes an extend of more than five years, placing cash assets into physical silver is a step which is positively proven by several factors and has almost no risk. In September 2011, the metal’s price soared to $50 and analysts still speculate with that data. The significant here is that this bullish market then, was not a tendency, but a single day phenomenon and it affected only the contracts for future delivery. On the physical silver market the traders were purchasing silver at about $35 per ounce while selling the commodity at $50 per ounce. It is important to stay calm and think in perspective, because one-day events are called incidents and they mean nothing to the long term period where the physical silver rules. Firm evidence can be found in stable market factors that benefit the silver bullion prices trough the future periods. A growing need of the global industry will always support the physical silver price as securities cannot be used for water purification, solar-power generation, coin emissions, specialized medicine and other important sectors.
- Source Dubai Chronicle - http://www.dubaichronicle.com
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet