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Thursday, January 14, 2010

Fake Gold Found At Fort Knox

It’s one thing to counterfeit a twenty or hundred dollar bill. The amount of financial damage is usually limited to a specific region and only affects dozens of people and thousands of dollars. Secret Service agents quickly notify the banks on how to recognize these phony bills and retail outlets usually have procedures in place (such as special pens to test the paper) to stop their proliferation.

But what about gold? This is the most sacred of all commodities because it is thought to be the most trusted, reliable and valuable means of saving wealth.
A recent discovery — in October of 2009 — has been suppressed by the main stream media but has been circulating among the “big money” brokers and financial kingpins and is just now being revealed to the public. It involves the gold in Fort Knox — the US Treasury gold — that is the equity of our national wealth. In short, millions (with an “m”) of gold bars are fake!

Who did this? Apparently our own government.
USCivilflags- based on the original U.S. Treasury flag in 1799.
In October of 2009 the Chinese received a shipment of gold bars. Gold is regularly exchanges between countries to pay debts and to settle the so-called balance of trade. Most gold is exchanged and stored in vaults under the supervision of a special organization based in London, the London Bullion Market Association (or LBMA). When the shipment was received, the Chinese government asked that special tests be performed to guarantee the purity and weight of the gold bars. In this test, four small holed are drilled into the gold bars and the metal is then analyzed.

Officials were shocked to learn that the bars were fake. They contained cores of tungsten with only a outer coating of real gold. What’s more, these gold bars, containing serial numbers for tracking, originated in the US and had been stored in Fort Knox for years. There were reportedly between 5,600 to 5,700 bars, weighing 400 oz. each, in the shipment!

At first many gold experts assumed the fake gold originated in China, the world’s best knock-off producers. The Chinese were quick to investigate and issued a statement that implicated the US in the scheme.

What the Chinese uncovered:
Roughly 15 years ago — during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] — between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day.

According to the Chinese investigation, the balance of this 1.3 million to 1.5 million 400 oz tungsten cache was also gold plated and then allegedly “sold” into the international market. Apparently, the global market is literally “stuffed full of 400 oz salted bars”. Perhaps as much as 600-billion dollars worth.

An obscure news item originally published in the N.Y. Post [written by Jennifer Anderson] in late Jan. 04 perhaps makes sense now.

DA investigating NYMEX executive ,Manhattan, New York, –Feb. 2, 2004.
A top executive at the New York Mercantile Exchange is being investigated by the Manhattan district attorney. Sources close to the exchange said that Stuart Smith, senior vice president of operations at the exchange, was served with a search warrant by the district attorney’s office last week. Details of the investigation have not been disclosed, but a NYMEX spokeswoman said it was unrelated to any of the exchange’s markets. She declined to comment further other than to say that charges had not been brought. A spokeswoman for the Manhattan district attorney’s office also declined comment.”

The offices of the Senior Vice President of Operations — NYMEX — is exactly where you would go to find the records [serial number and smelter of origin] for EVERY GOLD BAR ever PHYSICALLY settled on the exchange. They are required to keep these records. These precise records would show the lineage of all the physical gold settled on the exchange and hence “prove” that the amount of gold in question could not have possibly come from the U.S. mining operations — because the amounts in question coming from U.S. smelters would undoubtedly be vastly bigger than domestic mine production.

No one knows whatever happened to Stuart Smith. After his offices were raided he took “administrative leave” from the NYMEX and he has never been heard from since. Amazingly, there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau’s office who executed the search warrant.

Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave — all for nothing?

The revelations of fake gold bars also explains another highly unusual story that also happened in 2004:
LONDON, April 14, 2004 (Reuters) — NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.

Interestingly, GATA’s Bill Murphy speculated about this back in 2004;
“Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but [I] suspect something is amiss. They know a big scandal is coming and they don’t want to be a part of it… [The] Rothschild wants out before the proverbial “S” hits the fan.” — BILL MURPHY, LEMETROPOLE, 4-18-2004
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What is the GATA?
The Gold Antitrust Action Committee (GATA) is an organisation which has been nipping at the heels of the US Treasury Federal Reserve for several years now. The basis of GATA’s accusations is that these institutions, in coordination with other complicit central banks and the large gold-trading investment banks in the US, have been manipulating the price of gold for decades.

What is the GLD?GLD is a short form for Good London Delivery. The London Bullion Market Association (LBMA) has defined “good delivery” as a delivery from an entity which is listed on their delivery list or meets the standards for said list and whose bars have passed testing requirements established by the associatin and updated from time to time. The bars have to be pure for AU in an area of 995.0 to 999.9 per 1000. Weight, Shape, Appearance, Marks and Weight Stamps are regulated as follows:

Weight: minimum 350 fine ounces AU; maximum 430 fine ounces AU, gross weight of a bar is expressed in troy ounces, in multiples of 0.025, rounded down to the nearest 0.025 of an troy ounce.

Dimensions: the recommended dimensions for a Good Delivery gold bar are: Top Surface: 255 x 81 mm; Bottom Surface: 236 x 57 mm; Thickness: 37 mm.

Fineness: the minimum 995.0 parts per thousand fine gold. Marks: Serial number; Assay stamp of refiner; Fineness (to four significant figures); Year of manufacture (expressed in four digits).

After reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these fake tungsten bars where they would never see the light of day — hidden behind the following legalese “shield” from the law:

[Excerpt from the GLD prospectus on page 11]
“Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss.”

The Federal Reserve knows but is apparently part of the schemeEarlier this year GATA filed a second Freedom of Information Act (FOIA) request with the Federal Reserve System for documents from 1990 to date having to do with gold swaps, gold swapped, or proposed gold swaps.

On Aug. 5, The Federal Reserve responded to this FOIA request by adding two more documents to those disclosed to GATA in April 2008 from the earlier FOIA request. These documents totaled 173 pages, many parts of which were redacted (blacked out). The Fed’s response also noted that there were 137 pages of documents not disclosed that were alleged to be exempt from disclosure.

GATA appealed this determination on Aug. 20. The appeal asked for more information to substantiate the legitimacy of the claimed exemptions from disclosure and an explanation on why some documents, such as one posted on the Federal Reserve Web site that discusses gold swaps, were not included in the Aug. 5 document release.

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The first paragraph on the third page is the most revealing.”In connection with your appeal, I have confirmed that the information withheld under exemption 4 consists of confidential commercial or financial information relating to the operations of the Federal Reserve Banks that was obtained within the meaning of exemption 4. This includes information relating to swap arrangements with foreign banks on behalf of the Federal Reserve System and is not the type of information that is customarily disclosed
Story cont' at Source

For Physical Ownership of Silver there is Monex- The low cost precious metal retailer. Paul Bea 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral

Wednesday, January 13, 2010

U.S. Mint Gold and Silver Eagle Sales 1986-2009

Expect the Silver Sales U.S. Eagles to keep rocketing as this is the coin of choice within reach of most Americans and especially over 1.5 million Ron Paul supporters. 40% of America now agrees with Ron Paul's position on ending the Fed. What is the likelyhood that they will turn to Silver as the lies of the economy rebounding are revealed?

GoldMoneybill- educating the public about Sound money and a Constitutional Republic.

Last year high demand for precious metals helped push US Mint bullion coins sales to new heights and had some unfortunate implications for coin collectors. With the year behind us, I wanted to take a brief look at the annual sales totals for the Mint's bullion coins as well as recap the periods of availability.

During 2009, the US Mint sold 1,425,000 ounces of gold through the American Gold Eagle offerings. This consisted of 1,315,500 one ounce coins, 110,000 one-half ounce coins, 110,000 one-quarter ounce coins, and 270,000 one-tenth ounce coins. The one ounce coins were available throughout the year, interrupted by a suspension from November 25 to December 14. The Mint's allocation program was in effect from January 1 to June 15, and then from December 15 to year end. The fractional weight coins were available in two batches on December 3 and 14.

The Mint sold 28,766,500 one ounce Silver Eagle bullion coins during 2009. This represents a new all time record for annual sales, surpassing last year's record of 19,583,500 coins. The silver bullion coins were available throughout the year except for a suspension from November 24 to December 6. The coins were available under allocation from January 1 to June 15 and then from December 7 to year end.

For the remaining bullion coin offerings, the US Mint sold 200,000 of the 24 karat one ounce Gold Buffalo bullion coins. These were first on sale October 15, 2009 and sold out by December 4, 2009. The US Mint did not offer any Platinum Eagle bullion coins for 2009, although the proof version was produced for collectors.

To put this year's numbers in perspective, the table below shows the total annual sales for each bullion coin offering in ounces. Note that these are annual sales figures, which differ from mintage figures, since the US Mint may sell coins carrying dates other than the year of sale.
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US Mint Bullion Coin Sales (ounces)

Year Gold Eagle Silver Eagle Platinum Eagle Gold Buffalo
1986 1,787,750 5,096,000

1987 1,253,000 9,420,000

1988 560,000 5,869,000

1989 503,500 6,166,000

1990 457,450 7,247,000

1991 253,000 6,952,000

1992 385,800 5,544,000

1993 514,000 5,890,000

1994 310,000 5,540,500

1995 297,750 4,590,000

1996 275,000 3,466,000

1997 771,250 3,636,000 73,350

1998 1,839,500 4,320,000 175,650

1999 2,055,500 9,008,500 71,050

2000 164,500 9,133,000 27,050

2001 325,000 8,827,500 35,750

2002 315,000 10,475,500 30,800

2003 484,500 9,153,500 24,050

2004 536,000 9,617,000 20,100

2005 449,000 8,405,000 20,000

2006 261,000 10,021,000 13,550 323,000
2007 198,500 9,887,000 9,050 167,500
2008 860,500 19,583,500 33,700 172,000
2009 1,425,000 28,766,500 - 200,000

For Physical Ownership of Silver there is Monex- The low cost precious metal retailer. Paul Bea 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral

Monday, January 11, 2010

History of Silver Coins

Silver Bullion Coins of the World

In addition to gold coins, silver coins have been used as money since ancient times. In the United States, silver coins were authorized under the Coinage Act of 1792. This act provided for the production of five different silver coins: the dollar, half dollar, quarter dollar, disme, and half disme. The proportional value of gold and silver was set as 15 to 1, and the composition of silver coins was set as 1845 parts silver to 179 parts copper. After some adjustments over the years, the more commonly konwn units and compositions prevailed as dollars, half dollars, quarer dollars, and dimes struck in 90% silver and 10% copper. After 1964, silver was not used in circulating United States coins, except for 40% silver half dollars struck from 1965 to 1970.

Today, silver coins are struck primarily as bullion coins or collectors coins. The official silver bullion coin of the United States is the American Silver Eagle. This coin was introduced in 1986 and carries Adolph A. Weinman's classic design from the Walking Liberty Half Dollar. The coins were minted to contain exactly one ounce of silver. The bullion coins are also produced in special proof or uncirculated versions for collectors.

Silver bullion coins are also produced by a number of other world mints. The Royal Canadian Mint produces the Silver Maple Leaf. These coins were launched two years after the Silver Eagle and quickly made an impression since they were minted in .9999 pure silver, a greater purity than other bullion coins.
USCivilflags- The first Treasury flag in 1799.
Some silver bullion coins have differentiated themselves by featuring annually rotating designs or high quality proof like finishes. Two coins which utilize these features are the Chinese Silver Panda, which features different reverse images of pandas each year, and the Australian Silver Kookaburra and Silver Koala, both of which feature different images of the animals. These coins also feature striking elements that resemble proof coins.

The most recent new contender in the market for silver bullion coins is the Silver Philharmonic. This coin has the same design as the popular Gold Philharmonic. It was first offered by the Austrian Mint in 2008. The coins have recently made a mark as some of the lowest premium goverment issued silver bullion coins.
For Physical Ownership of Silver there is Monex- The low cost precious metal retailer. Paul Bea 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral

U.S. Silver Eagles Sales Soar in 2009 to Record 28.7 Million Oz

Heavy demand for precious metals bullion coins helped push annual sales for the United States Mint's American Silver Eagle bullion coin to a new annual record. During 2009, the US Mint recorded sales of 28,766,500 of the one ounce silver bullion coins.

The American Silver Eagle was introduced in 1986 to provide a convenient and cost effective method for investors to add physical precious metals to their investment portfolios. The Congressionally approved American Eagle Bullion program also includes the American Gold Eagle, introduced in 1986, and American Platinum Eagle, which was introduced in 1997.
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Until recently, sales of the silver bullion coins had ranged from a low of about 3.5 million to a high of about 10 million. In 2008, demand for precious metals exploded, bringing sales totals to a new high of 19,583,500. This record only stood for one year, before being surpassed by the annual sales total for 2009.

Annual Sales for the US Mint's American Silver Eagle
The increased demand for the bullion coins has not been without consequences. The United States Mint typically produces collectible proof and uncirculated versions of the American Silver Eagle. With the increased demand for the bullion version of the coin, the production of the 2009 collectible coins was delayed and eventually canceled. This represented the first year that a collectible version of the American Silver Eagle has not been produced. The legal requirement for the US Mint to produce bullion coins in quantities sufficient to meet public demand was cited as the reason for the cancellation.

Throughout 2009, the availability of the Silver Eagle bullion coins was impacted by the high level of investor demand. From January 1 to June 15, the coins were subject to an allocation program that limited the number of coins that authorized purchasers could acquire. Sales of the bullion coins were suspended completely from November 24 to December 6. The allocation program went back into effect from December 7 to the end of the year.
Goldmoneybill- Fighting for the return of Sound Money.
The launch of the 2010 Silver Eagle has been slightly delayed, as the US Mint continued production of the 2009-dated coins through year end. The 2010-dated coins will be available for authorized purchasers to order starting on January 19, 2010. Until this date, 2009-dated coins will continue to be sold as long as inventory remains.

Sunday, January 10, 2010

The Wealth of Nations 2010

By Dr. Mahathir Mohamad


1. Adam Smith wrote about the above title a long time ago (1757). He talked about invisible hands which were instrumental in growing the wealth of nations.

2. In the latest financial crisis in the United States the invisible hands certainly played a big role. It took the form of abuses of the banking, monetary and financial system.

3. Pushed out of the international market place by the cheaper and better manufactured goods of the East Asian countries the West turned towards the financial system in order to enrich themselves. The opportunities for abuses were abundant.

GoldMoneyBill- State Sound Money Bill.

4. They discovered that banks could create money out of thin air; without Government control (free market) any amount of loans of non-existent money could be given by the banks; the sale of commodities need not involve the commodities at all. It is the same with selling shares and currencies; having physical possession is not necessary. Sell and buy imaginary shares and make tons of profit.

5. Their fertile brain soon gave birth to hedge funds, short selling, leveraged purchases, junk bonds, currency trade, free markets etc etc.

USCivilflags- Based on the original Treasury flag in 1799.

6. All these systems promised great wealth to speculators and manipulators without the need to produce or possess anything. Better still they need not employ substantial number of workers who may make demands and threaten business with industrial action.

7. A good example is the trade in commodities. Without possession of the physical commodity, a speculator may sell huge quantities of it. The effect of this dumping is to depress the price of the commodity. When the price reached a low level the sellers would buy the commodity to deliver to the buyers that they had sold to earlier at a higher price. Thus without ever touching or seeing, much less possessing the commodity, the manipulators would make handsome profits. They call this short selling and the public is persuaded that this is fair trade.

8. Individuals cannot do this. The amount of money involved is too big. So funds were set up and managed by smart people.

9. The fate of the real producers is not the concern of these fund managers. As the price of the commodity become depressed the producer countries and their people would suffer.

10. If the producer country bought the non-existent commodity from the speculators at the low prices for future delivery, and if at the delivery date the speculators could not deliver the commodity, they would be forced to buy the physical commodity at prices higher than they had sold. They would lose money. This is as it should be. But no. Their market controllers would save them by declaring that they need not honour their contracts.

11. This was what happened when tin prices were depressed through the short selling of non-existent tin by the speculators. In desperation Malaysia bought the tin knowing that the sellers had no physical tin, whereas Malaysia had. When the delivery date arrived the sellers would be forced to buy physical tin from Malaysia at Malaysian prices in order to deliver. The price of the physical (real) tin would of course be higher. The sellers would lose money having to purchase at the higher prices in order to deliver to the buyers (Malaysia) at the lower prices.

12. When the short sellers faced this threat of losing a lot of money from their short selling price depressing activities, the London Metal Exchange which controlled the market ruled that the sellers need not honour their contract to deliver physical tin, allegedly because the purchasers were trying to corner the market.

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13. Clearly the players in the financial market are protected. They can make tons of money selling non-existent commodities but they need not deliver if they have no physical commodities.

14. And so the financial market expanded until it became much bigger than the real market. The trade in currencies for example is twenty times bigger than total world trade. Hedge funds, through mysterious investments pay as much as 30% to their investors. Pyramid schemes gave huge returns and banks calculate their earnings on the amount of money they lent out, whether the borrowers were able to pay or not.

15. There were numerous schemes which gave huge profits to the investors, far more than investments in the production of goods and services.

16. With these financial schemes the wealth of these developed countries and their rich investors appeared to grow at a high rate every year and the people appeared to have the capacity to buy unlimited amounts of imported goods. These countries were apparently the locomotives of growth for the whole world.

17. Then the balloons bursts.

18. The wealth of the West, acquired through the financial market is not real wealth. Their Per Capita and GDP figure are not based on reality. Their money also has a bloated value, guaranteed by no reserves or gold. (Their money is truly fiat money).

19. Their Governments were forced to bail out their banks and companies with trillions of dollars. It can be said that their Presidents and Prime Ministers are all responsible for the trillions of dollars lost by their countries.

Friday, January 8, 2010

Why Silver is Wealth

Silver (and gold) have been an asset and a stable store of wealth for many millennia. because they cannot be instantly manufactured on a printing press like paper dollars. Name some items of true wealth you possess. Cash in the bank? What happens if your bank goes bankrupt, locks the doors and seizes all of your savings? What happens if all depositors want to withdraw their savings at the same time, like during the Great Depression, when about 1200 banks were forced to close? You get nothing. If you had silver (or gold) in your possession, it was tangible wealth and not empty paper promises.
And what happens if you miss a few mortgage payments? Your property may be confiscated. How quickly can you pawn your jewelry or you sell your car? Unless you are driving a Ferrari, it is a rapidly depreciating item. And even a Ferrari becomes a poor store of wealth when you must pay $25,000 for an engine rebuild.
So why is tangible wealth so important? Various entities worldwide are printing away your wealth through inflation. Any increases in the money supply helps to fool the masses into believing they are living in a time of economic stability, to pay for hurricane damage rebuilding, and invasions and occupations.
The last official M3 reports showed that 18% more dollars were being printed yearly by the Federal Reserve (which is neither 'Federal' nor has any 'reserves'). And why have they stopped publishing M3 data?
So, if you had a 1 oz. silver bar, one year from now would that bar contain 18% less silver? Wouldn't you rather fight monetary inflation and have tangible silver that cannot be devalued?

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Rocky Mtn. Coin
Why Physical Silver?
The advantage of possessing physical silver (and gold, palladium, platinum) are many. In a few words, it is private, portable, liquid, secure, and if you buy collectibles, beautiful and historical.
So how did I discover these benefits? After the 'dot com' bubble burst, tech stocks were nearly worthless and I was afraid of the real estate bubble deflating. So when my friend told me about buying physical silver for what it cost to mine from the ground, I recalled the days of gold prices increasing from $35 per oz. in 1971 -- to $820 per oz. in 1980. He then told me that silver had been in a 20 year bear market and that it would probably exceed the inflationary adjusted 1980 prices in the next few years. When I heard, "Diminished supply and increased demand never fail to increase the value of something," and "Warren Buffet of Birkshire Hathaway bought a large amount of silver in 1997," I had to learn more.
History tells us that since the Roman Empire every currency has been inflated into non-existence, or a valuation of zero. All current world currencies will suffer the same fate eventually, so what to do with rapidly depreciating dollars? They say the smart money is going into gold, and the REALLY smart money is going into silver.
Anyway, after learning the benefits of physical precious metals, I chose to seek information about companies which mined it. If I could not own a lot of physical silver, I figured I could 'own' it in the ground.

Goldmoneybill- State Sound Money currency bill.
Why Silver Mining Companies?
A few years ago my friend, Jason Hommel, informed me that his plan was to invest in physical silver and silver stocks. According to him, the next best thing to owning physical silver was owning stock in mining companies. Shortly thereafter he launched a FREE newsletter, specializing in reporting on the undervalued stocks of mining companies with large silver reserves in the ground. His research shows that above ground silver reserves are likely nearly depleted, because silver is coming to market only as a by-product of the mining of gold, zinc, molybdenum, etc. Few mining companies have directly mined silver for the last 20 years because they can only sell it for slightly more than it costs to extract from the ground.
Anyway, his free newsletter has grown to over 85,000 subscribers and his website is called the SILVER STOCK REPORT. Read his free Ebook, or purchase a monthly look at his portfolio. CLICK HERE for Jason Hommel's FREE Silver Stock Report.

Silver Articles
Below are some articles by authors more knowledgeable than I am about various topics.
-- Did you know that every fiat currency in the history of the world has become worthless?
-- Did you know that the Federal Reserve is NOT a part of the U.S. Government? Since the creation of 'The Fed' in 1913 they have printed enormous amounts of currency. How do you think the U.S. is paying for Iraq and to rebuild hurricane damaged areas?
-- Did you know your investments need to earn about 7-18% per year just to break even, due to inflation of the U.S. dollar?
-- Workers are now paid with a bunch of numbers on a check or electronically with direct deposits. Did you know that a worker was once paid a silver coin for a day's wage?
-- Did you know that the proliferation of digital photography may have little effect on silver demand?
Visit the SILVER ARTICLES page. Enjoy writings by various authors who delve much deeper into the specifics of silver as wealth and manipulation by monetary inflation of paper currency.

For Physical Ownership of Silver there is Monex- The low cost precious metal retailer. Paul Bea 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral

Tuesday, January 5, 2010

Silver use in Commercial Electronics to Increase

An innovative and economical mass production technology for building mobile phones, iPhones, picture-phones, and a host of other hand-held electronics allows components to be fastened both mechanically and electronically to printed circuit boards. The technology permits upwards of 200 contacts for components and connections on a small board, increasing the range of features possible in the device while keeping it extremely small.
Goldmoneybill-educating America about Sound Money.
This development will, according to The Silver Institute’s World Silver Survey, increase the proportion of silver used in electronic devices in the coming years. Also according to the World Silver Survey, 61.4 million ounces of silver were used for electrical and electronics fabrication in the US in 2008, with world use at 201.7 million ounces.
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A more detailed discussion of this development and its impact on the silver market can be found in the 2009 Second Quarter issue of Silver News.

Silver News also reports continued improvement in the use of broad-spectrum antimicrobial properties of ionic silver in wound dressings. Antimicrobial ionic silver kills a broad range of pathogens and is being hailed as a major break through in wound dressings. Although antimicrobial ionic dressings now are used mostly in hospitals, products for over-the-counter sales are coming available.

Additional developments for uses of silver in the medical field are discussed in the 2009 Second Quarter issue of Silver News.

Additionally, Silver News reports on the development of a line of jewelry boxes that promise to keep silver tarnish free for up to 35 years. The boxes are lined with a cloth that absorbs gases that cause silver to tarnish, according to the developer, Wolf Designs, which has been making jewelry cases since 1834.

With gold just off all-time high prices, silver jewelry is gaining in popularity. Supposedly, Pandora Jewelry, which is basically silver jewelry, is now the best-selling jewelry in the world. Pandora’s success comes from the company offering a wide variety of attractive but inexpensive pieces.

For Physical Ownership of Silver there is Monex- The low cost precious metal retailer. Paul Bea 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral

Sunday, January 3, 2010

Silver Year End Recap Up 47% for Year 2009

2009 NY and London Silver Prices, Annual Gains
January 2, 2010 by Silver Coins Today
Despite a down week, silver had a spectacular 2009. The metal posted an annual gain in New York of 49%, which was the biggest yearly increase since 1979. The percent gain was even larger in London at 57.5%.
New York silver futures for March delivery ended the year at $16.85 an ounce -- plunging 60 cents, or 3.4 percent, for the week. The price more than tripled from the $5.453 mark at the end of 1999.
GoldMoneyBill.org- Working to restore Sound Money.
London silver was fixed at $16.99 an ounce, falling 33 cents or 1.9 percent for the week. The metal ranged from a low of $16.92 on Wednesday to a $17.42 high point on Tuesday. It jumped $6.20 in 2009. London silver finished at $5.33 a decade ago.

For most of 2009, silver followed gold's direction. Gold in turn moved opposite of the US dollar. Where the greenback heads in 2010 is likely to contribute greatly to silver's direction again. A couple of thoughts by two market players follow:

"The purchasing power of all currencies is being eroded," James Turk, the founder of Jersey, Channel Islands-based GoldMoney.com, said on Bloomberg. "I look at the real price of goods and I see hyperinflation for the dollar in the not-too-distant future. That means a declining value of the dollar and higher gold prices."

"It appears that 2009 will end much the way it started in the financial markets, a dollar story," Brian Kelly, chief executive of Kanundrum Research, a commodities and macroeconomic research firm, said on MarketWatch. "For gold the catalyst in 2010 will be inflationary pressures.
For Physical Ownership of Silver there is Monex- The low cost precious metal retailer. Paul Bea 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral