Archive
The Coming Silver Accident
Theodore Butler
Perhaps “accident” may not be the precise word to describe what I see coming in silver. After all, Webster’s defines accident as “an unforeseen and unplanned event or circumstance.” While that definition certainly encompasses what I see ahead in the silver market, I need to add a qualifying adjective to complete my vision. That word is unavoidable. The silver market is headed towards an unavoidable accident.
This will not be like any accident you have ever witnessed or experienced. This is an accident you can fully prepare for, and greatly profit from. This coming silver accident could favorable and permanently alter your family’s standard of living and financial security. The great news is that preparations for this accident are simple and merely depend upon you applying common sense.
At the core of what makes the coming silver accident unavoidable is the immutable law of supply and demand. Supply and demand ultimately governs how all markets function. While some markets, including silver, can be artificially controlled or manipulated in price for long periods of time, eventually such manipulations must end if they are at odds with supply and demand.
Nothing has been more at odds with the basic law of supply and demand than the silver market. For many decades, the world has consumed more silver than it has produced. That has necessitated a draw down of previously produced silver – the existing inventories. There has never been a situation in any Read more…
IMF Calls for Dollar Alternative
The IMF is trying to move the world away from the U.S. dollar and towards a global currency once again. In a new report entitled “Enhancing International Monetary Stability—A Role for the SDR“, the IMF details the “problems” with having the U.S. dollar as the reserve currency of the globe and the IMF discusses the potential for a larger role for SDRs (Special Drawing Rights). But the IMF certainly does not view SDRs as the “final solution” to global currency problems. Rather, the IMF considers SDRs to be a transitional phase between what we have now and a new world currency. In this newly published report, the IMF makes this point very clearly: “In the even longer run, if there were political willingness to do so, these securities could constitute an embryo of global currency.” Yes, you read that correctly. The SDR is supposed to be “an embryo” from which a global currency will one day develop. So what about the U.S. dollar and other national currencies? Well, they would just end up fading away.
CNN clearly understands what the IMF is trying to accomplish with this new report. The following is how CNN’s recent story about the new IMF report begins….
“The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.”
That is exactly what the IMF intends to do.
They intend to have SDRs replace the U.S. dollar as the world reserve currency.
So exactly what are SDRs?
Well, “SDR” is short for Special Drawing Rights. It is a synthetic currency unit that is made up of Read more…
$2,000 Gold And 10 More Surprising Predictions From Credit Suisse
Gold is negatively correlated with real Fed fund rates
You’re not going to make money betting on the consensus. So if you’re looking for contrarian investments, Credit Suisse’s Andrew Garthwaite has picked out 11 economic events that are more likely than anyone thinks.
Surprise scenarios include $2,000 gold
by year-end. Several factors support this “surprise” including:
- Gold goes up when real Fed fund rates are negative — and they are
- Excess leverage leads to money printing or default
- China and Japan haven’t started Read more…
Do not use Safety Deposit Boxes
U.S DEPARTMENT OF HOMELAND SECURITY HAS TOLD BANKS – IN WRITING – IT MAY INSPECT SAFE DEPOSIT BOXES WITHOUT WARRANT AND SEIZE ANY GOLD, SILVER, GUNS OR OTHER VALUABLES IT FINDS INSIDE THOSE BOXES!
According to in-house memos now circulating, the DHS has issued orders to banks across America which announce to them that “under the Patriot Act” the DHS has the absolute right to seize, without any warrant whatsoever, any and all customer bank accounts, to make “periodic and unannounced” visits to any bank to open and inspect the contents of “selected safe deposit boxes.”
Further, the DHS “shall, at the discretion of the agent supervising the search, remove, photograph or seize as evidence” any of the following items “bar gold, gold coins, firearms of any kind unless manufactured prior to 1878, documents such as passports or foreign bank account records, pornography or any material that, in the opinion of the agent, shall be deemed of to be of a contraband nature.”
DHS memos also state that banks are informed that any bank employee, on any level, that releases “improper” “classified DHS Security information” to any member of the public, to include the customers whose boxes have been clandestinely opened and inspected and “any other party, to include members of the media” and further “that the posting of any such information on the internet will be grounds for the immediate termination of the said employee or employees and their prosecution under the Patriot Act.” Safety deposit box holders and depositors are not given advanced notice when failed banks shut their doors.
If people have their emergency money in a safe deposit box or an account in a bank that closes, they will not be allowed into the Read more…
Gold buying spree grips Chinese households
In this world of chaos and tumult, the Chinese people know what to do to preserve their wealth – they buy gold. When Americans finally wake up, if that ever happens, there is a good chance that there won’t be any gold to buy at any price.
By David Lew
BEIJING (Commodity Online):An unprecedented investor interest in gold is turning Chinese households as store houses of wealth these days as people are on a gold buying spree across the rural and urban areas of the dragon country.
Bundles of news stories are these days written on the gold buying spree by the Chinese households. If not an overstatement, it is now a fact that people’s houses in China have soared in value thanks to the rising prices of gold in the last two years.
“People in China are buying gold like never before. They believe that gold is the best form of investment. So they are buying gold coins, bars and jewelery items and stocking up safely in their homes,” says Beijing-based bullion dealer J Kim Lee.
Quoting the World Gold Council figures, Lee says that if the gold buying spree by Chinese households goes on at the current pace, private gold Chinese demand may overtake Indian gold demand by 2014, giving the world’s two most populous nations two ounces of gold in every five sold worldwide that year.
Indian households are estimated to be owning 15,000 tonnes of gold. India continues to the largest consumer and importer of gold worldwide.
According to precious metals analyst Steven Jon Kaplan, a significant percentage of gold’s price increase in 2009-2010 was caused by the incremental demand from Read more…
HIGH RANKING BILDERBERG MASON SPILLS THE BEANS ON HIS DEATH-BED
worthless as THEY usher in the new One World Currency. The world as we know it now will be completely different in 2012. Disruption of
currencies plotted so pull your money out of the Banks, spend it NOW!
“China are the strong ones” – China are the New World Order
Leaders with America reduced to Third World status! Timothy Geithner of the US Treasury speaks fluent Chinese! (KEVIN RUDD SPEAKS MANDARIN ALSO. ED.) Within 2 years we will not recognize America. The Elites have altered their Time Line. After 2 years we will be so poor, we will not be able to rebel!
3 – Gold and Silver is all you can rely on – convert your assets and
cash to Gold ASAP – Urgent. Don’t hang around because the Illuminati are going to crash the banks further very soon. We are entering into a depression whereby we are ALL going to be utterly poor within two years from now – peasant attitude and peasant way of life.. Don’t depend on Real Estate, Assets!
4 – Crude Oil will be $150 – $200 per barrel in the next Read more…
Egypt is Just the Beginning for Gold’s Next Move
Watching CNN, its easy to be lulled into the sense that the cute little third world African country that is home to Cleopatra, mummies and pyramids is having a little revolution to get rid of a tired old tyrant. That the old goat is putting up such resistance to the national message is to be expected, and might be forgiven. Unleashing bands of paid thugs under the guise of ‘supporters’ reveals true brutality and illuminates the character of the man, Hosni Mubarak – a sociopath.
This phenomenon, originated in Tunisia, a nation of 10 million, and now raging in Egypt, of 85 million has spread to Yemen, population 25 million and Jordan, population 6 million is no mere regional political shift: this is the beginning of America’s loss of control over the region.
That the democratic process even got a foothold in the tribal and historically despotically governed middle east is due to a series of historical power plays, and not so much to a nascent and organic inclination towards the idea of democracy. When oil emerged to become the most strategic substance on earth after the second world war, the United States, armed with the economic windfall from the war machine, set about toppling governments and seeding insurrection through the offices of the C.I.A., bolstering governments that were ‘incentivized’ to protect U.S. interests, and destroying those that were not.
Back then, before the light-sped connected world, the C.I.A. could operate with Read more…
Take a look at how many ounces of silver have been needed to buy a median-priced home in the US:
For most people, there are some surefire luxuries that signify wealth, a few pearls of conspicuous consumption that say “you’ve made it!” For me, it’s always been a second home. My grandparents owned a vacation home in Arizona and then Florida when I was a kid, and it was an annual highlight to travel there every year.
But something happened on the way to my generation’s iteration of the American dream. Of all the people I know that have second homes, only one acquired it through his own hard work and success. The rest inherited them.
With high unemployment, shaky business conditions, desperate governments, weak real estate demand, and a suspect stock market, owning a vacation home is not even on the radar these days for most Americans. Paying their existing mortgage is the primary concern, something millions of homeowners still aren’t able to do. So, how is it that I can suggest a way to buy a vacation home in this market?
Because there are two trends in motion that I believe will continue working in our favor. And it likely won’t take long for them to reach a culmination point, allowing those of us with such a goal to see it realized.
First, Read more…
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](https://i0.wp.com/www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
crisisboom
CRISISBOOM 
You must be logged in to post a comment.