Shenanigans On U.S. Exchanges Won’t Stop Precious Metals
From Rising: The End Of The Keynesian Rothschild Paper Derivatives.
Francis B. writes: Why is it that during the hours that the U.S. stock exchange is open, gold and silver prices tend to RETREAT from any overnight gains they have made on foreign exchanges?
This documented phenomenon has been occurring fairly
regularly over the past several years. There is tremendous and growing demand
for physical precious metals overseas, and the Asian markets in particular are
dominated by trading in the spot physical market rather than the paper futures
market.
When Western markets open, more paper sellers emerge who
seem interested in muting strong advances in gold and silver prices. Don’t
fret, global supply and demand fundamentals will win out in the end! Despite
whatever downside manipulation may exist, precious metals prices have risen
dramatically in recent years.
Rothschild
Take Over Attempt To Own Everything By Just Printing Money To Do It.
September 12, 2013
September 14, 2012 –
Silver surged $1.40 and gold jumped $40/oz on Thursday as Fed Chairman Bernanke
delivered just what the gold and silver markets were looking for: “Money from
Helicopters” Ben Bernanke trotted out a new program for the central bank to issue new currency
and buy $40 billion in mortgage-backed securities every month.
The new Federal Reserve money-printing program is open ended
– it doesn’t have the end date that the Fed has used to limit previous
campaigns. Further, Bernanke left no question that they will accelerate the
monetary expansion if they feel more stimulus is warranted.
The Chairman stated, “If the outlook for the labor market
does not improve substantially, the Committee will continue its purchases of
agency mortgage-backed securities, undertake additional asset purchases, and
employ its other policy tools as appropriate until such improvement is achieved
in a context of price stability.”
The $40 billion per month they announced yesterday could be
$80 billion in a few months. There are no limits this time around – either in
amount or duration. A 2012 article Gov. Mitch Daniels: U.S. Debt Is
Accumulating At A Terrifying Rate: Obama Prints $110 Billion Each Month!
Vigilant investors can get a sense of the draconian tactics impoverished governments prefer
today by looking to recent events around the world. During the
banking crisis in Cyprus, officials took advantage of technology to launch a
surprise attack on their citizens. Cypriots woke up one morning to find they no
longer controlled the “cash” held in their banks. Confiscation took the form of
electronically seizing bank accounts and limiting ATM withdrawals to €100 per
day.
Anonymous writes: Suppose you
have a safe filled with silver coins. Which insurance companies will insure
these coins as part of or as a rider on a regular homeowners’ policy?
Your coins likely won’t be covered or will only be covered up to a very small amount by a standard homeowners’ policy. You’ll need to request a personal valuables rider/floater for the coins.
If your insurer isn’t helpful in this regard or you want to compare prices and options with different insurers, consult with an independent insurance agent. Once you have the coverage you need, keep good records documenting your coin purchases in a safe place and take photos and/or video of your coin stash in case you ever need to make a claim. Generally you will pay less than 1% of the insured value each year.
Your coins likely won’t be covered or will only be covered up to a very small amount by a standard homeowners’ policy. You’ll need to request a personal valuables rider/floater for the coins.
If your insurer isn’t helpful in this regard or you want to compare prices and options with different insurers, consult with an independent insurance agent. Once you have the coverage you need, keep good records documenting your coin purchases in a safe place and take photos and/or video of your coin stash in case you ever need to make a claim. Generally you will pay less than 1% of the insured value each year.
When Would We Want to Sell Our Silver?
Bob and Donna C. write: We would like to purchase more silver. However, we have a question. If the price of precious metals continues to go up as predicted and the value of the dollar continues to fall, how do we survive? If we sell the silver or some of it we will get a lot more of the worth-less dollars.
It depends on the nature of the dollar’s decline. If it
continues on a relatively orderly downward path that produces the sort of
survivable inflation that we experienced in the 1970s, then you’ll be able to
convert precious metals back into dollars as needed for purposes of paying
bills and replenishing savings accounts without having to worry too much about
immediate purchasing-power “slippage” after converting your gains on silver
into dollars for near-term liquidity purposes.
If, on the other hand, 70s-style inflation is not contained by policymakers – if it morphs into the sort of hyperinflation where currency loses value hour-by-hour like a crashing stock, then you’d want to part with your silver only for other tangible assets in a barter exchange.
If you sell your silver for cash in a hyperinflationary environment, you’d better have a plan in mind for spending that cash as soon as possible – or else your years-long efforts to preserve your purchasing power in silver could be wiped out in quick order!
If, on the other hand, 70s-style inflation is not contained by policymakers – if it morphs into the sort of hyperinflation where currency loses value hour-by-hour like a crashing stock, then you’d want to part with your silver only for other tangible assets in a barter exchange.
If you sell your silver for cash in a hyperinflationary environment, you’d better have a plan in mind for spending that cash as soon as possible – or else your years-long efforts to preserve your purchasing power in silver could be wiped out in quick order!
Silver 5Xs
More Rare Than Gold
What’s the Scoop on American Eagle
Proof Coins?
Terry V. writes: I have a collection of American Eagle proofs from 1986-2008. I am wondering if the value of the “proof” coins will rise in value with the silver price the same as the American Eagles. For future purchases would you recommend the “proofs” or the regular American Eagles?
The proof coins will continue to command some level of premium over regular silver Eagles. Whether that premium increases in proportion to rising silver prices is another question entirely. It may, but most likely it will not. Some people have a special affinity for the brilliant luster and high contrast of the proof finish. Only you can decide how much you value aesthetic or historic/collectible qualities in coins.
But as leading precious metals expert and editor of Money, Metals, and Mining David Morgan teaches, the surest way to invest in gold and silver is to buy the most ounces you can get for your money.
So if you’re just looking to protect your wealth in silver and cash in on rising prices, then don’t pay the large premium charged for proof coins. Instead, use your savings to buy additional ounces of low-premium silver. If silver prices triple from here, will the premiums on proof coins more than triple, as would be needed to outperform mere bullion? We doubt it. Premiums as a percentage of the total coin value tend to fall in a precious metals bull market.
Terry V. writes: I have a collection of American Eagle proofs from 1986-2008. I am wondering if the value of the “proof” coins will rise in value with the silver price the same as the American Eagles. For future purchases would you recommend the “proofs” or the regular American Eagles?
The proof coins will continue to command some level of premium over regular silver Eagles. Whether that premium increases in proportion to rising silver prices is another question entirely. It may, but most likely it will not. Some people have a special affinity for the brilliant luster and high contrast of the proof finish. Only you can decide how much you value aesthetic or historic/collectible qualities in coins.
But as leading precious metals expert and editor of Money, Metals, and Mining David Morgan teaches, the surest way to invest in gold and silver is to buy the most ounces you can get for your money.
So if you’re just looking to protect your wealth in silver and cash in on rising prices, then don’t pay the large premium charged for proof coins. Instead, use your savings to buy additional ounces of low-premium silver. If silver prices triple from here, will the premiums on proof coins more than triple, as would be needed to outperform mere bullion? We doubt it. Premiums as a percentage of the total coin value tend to fall in a precious metals bull market.
2010 was a perfect example. Premiums for MS70 proof gold
American Eagles at prominent national dealers did not even begin to keep pace
with the appreciation of the underlying metal. Investors who bought proofs on
January 1st lost ground to bullion investors, who have been smiling from ear to
ear ever since.
Take note of the “bid/ask” spread. This is the difference
between your price to purchase versus your price to sell today. For proof coins
and other numismatics you
will find this spread can often be 30%, 40%, or more. Compare that to bullion
coins, rounds, or bars, which will almost always offer bid/ask spreads of less
than 6%.
Proof American Eagles (gold and silver) are the only kind of super-marked-up metals that are allowed to be held in precious metals IRAs. (All other options are bullion forms generally available close to the melt value.) So pushing “proof” coins on investors is a favorite tactic of collectible coin companies when they encounter customers who want to buy precious metals in their IRAs. Our advice: don’t do it!
Independent Living Bullion
Proof American Eagles (gold and silver) are the only kind of super-marked-up metals that are allowed to be held in precious metals IRAs. (All other options are bullion forms generally available close to the melt value.) So pushing “proof” coins on investors is a favorite tactic of collectible coin companies when they encounter customers who want to buy precious metals in their IRAs. Our advice: don’t do it!
Independent Living Bullion
Citibank’s
Derivative Paper Scammer Jack Lew & Barry
ALERT:
Have fun putting together the SILVER puzzle as it relates to Obama’s new Treasury Secretary Nominee, Jack Lew. He’s a
filthy silver market rigging shill!
Here are the pieces of the manipulation puzzle:
- Clinton Administration (Special
Assistant), Robert
Rubin (Gold/Silver Leasing),
- Alan Greenspan
(Computer Market Rigging),
- Citibank (Special Investment
Unit hired JPM Silver Traders),
- Bill Daley (took over as Chief
of Staff from JPM Swat Team leader Daley)
- US Natural Resources (newly
invented Deputy Secretary of State for Management and
Resources)…aka IN CHARGE OF THE US
HIDDEN GOLD MINES!
Harry
Potter & Jack Lew
Not
hard to see where Jack Lew is in league with the MARKET RIGGERS! Jack Lew will
have the SILVER rigging reigns…SO good luck you filthy cheater!
Bix Weir on Dr. Dave Janda’s
Operation Freedom
Bix
Weir
