Gold Money Bill

20 Reasons to SELL Your Physical Silver: When to Sell

2011-04-17T18:28:00.000-07:00

It is necessary to have a framework, when to buy Silver.

Bix Weir

Make no mistake...I AM A RABID SILVER BUG!

I have written countless articles on why silver is the #1 best investment in THE HISTORY OF INVESTING. There is nothing, and I mean nothing, that even comes close to the supply/demand dynamics, investment fundamentals, investor participation ratios, fraud/manipulation realities, monetary importance or even national security issues and all of these support a hyperbolic move to the upside for the price of physical Silver in the very near future. The truth of the matter is...

BUYING PHYSICAL SILVER CAN COMPLETELY CHANGE YOUR FINANCIAL REALITY!

Having said that it doesn't mean that there will NEVER be an appropriate time to sell your physical silver. The cardinal rule of smart investing is not to get too emotionally attached to your investments and to rationally think through your investment reasoning. After you have outlined your reasons for investing you should keep track of whether or not those reasons are STILL VALID.

So in that spirit I have listed the 20 issues I monitor related to my original reasons to invest in physical Silver. After a good majority of these expectations are fulfilled I will seriously consider selling my entire stake in physical Silver.

Here's the list in order of current importance:

1) The removal of the gigantic concentrated short position on the COMEX Silver market as reported in the CFTC Commitment of Traders and Bank Participation Reports.

2) The announcement of charges filed by both the CFTC and the FBI in the pending investigations of Silver market manipulation by JP Morgan.

3) The shut down of the iShares Silver ETF (SLV) and the subsequent attempt by SLV investors to transfer into physical silver in their own possession.

4) The implementation of COMEX Position Limits in Silver of no more than 1,500 contracts and the enforcement of the Disruptive Trading Practices law.

5) The winding down of the outrageous and manipulative Silver derivative positions held by both JP Morgan and HSBC as reported by the Bank for International Settlements.

6) The mass redemption of paper Silver currently held in Pooled Silver Accounts and Silver Certificate Programs into physical silver held in the possession of the owner.

7) The Silver to Gold Price Ratio reflects the true physical relationship between above ground gold and above ground silver that is available for sale on a free and open market.

8) The realization by industrial users of silver that the supply of physical silver is rapidly depleting and with the future of producing their products in jeopardy they begin stockpiling physical silver.

9) The reversal of Silver's ever increasing use in industrial applications due to either high prices or the discovery of a viable substitute with similar physical properties and attributes.

10) The realization by the remaining 99.9% of the investing public that does not currently own any physical that Silver is extremely undervalued and should be held by all investors interested in portfolio safety and value appreciation.

11) Acknowledgment by the Bullion Banks and US Government that they have been involved in the price suppression of Silver for over 50 years in order to support and extend the global confidence in un-backed fiat US Dollar.

12) All Silver statistical reporting companies have completely revised their historical numbers to reflect the true supply/demand realities of the past and admit to the massive annual physical silver deficit going forward.

13) The USGS alerts the world to the reality that at the REAL current Silver consumption rates there is less than 10 years of known below ground Silver reserves remaining in the world.

14) The realization by investors that significant increases in the price of Silver would not curtail industrial demand as silver is mostly used in very small amounts in each product produced.

15) The mainstream media highlights that the investment drivers for Silver far out weight the investment drivers for Gold.

16) The US Mint starts to produce US Silver Eagle coins "in quantities sufficient to meet demand" and no longer illegally rations their dwindling supply.

17) When investors stop saying that silver is "too hard to store" and start worrying that silver is "too valuable to leave in a bank's safe deposit box".

18) When Central Bankers around the world stop printing money every time there is a "bump in the road" on their never ending quest to foster perpetual growth and end the extraordinary transfer of wealth from "the many" to "the few".

19) The US Government and the Citizens of the United States recognize and acknowledge that Article I, Sec. 10 of the US Constitution specifies that only gold and silver coin can be legally used as money.

and finally...

20) The price of silver has risen so high that it has fulfilled all my hopes and aspirations as an investor and I can now sit back and enjoy those other pleasures of life that I had put off in pursuit of FREEING THE SILVER MARKET FROM THE CLUTCHES OF MANIPULATION!

So there it is. That's the list of events that must take place for the fulfillment of my Silver investing motivations. MAKE NO MISTAKE: The price impact to silver when each one of these events takes place will be STUNNING...and sooner or later they will ALL take place!

Once these are fully addressed and reflected in the real "Fair Market Value" of Silver...I will SELL ALL MY SILVER in search of the NEXT BEST THING.

BEFORE THEN I AIN'T SELLING AN OUNCE...and you can take THAT to the BANK!

Now compare the reasons "TO SELL" with my reasons "TO BUY" and the true potential of your investment in physical silver starts to emerge!

Paul Bea- Monex 800-949-4653 x2172 use Kevin from Goldmoneybill.org

Glenn Beck Shows the Explosion in the Federal Reserve Money Supply

2011-04-12T17:27:00.000-07:00

This will lead to a massive explosion in inflation and we will become an insular economy as we eventually default worldwide on our debt obligations. I am investing in Silver Bullion and Iraqi dinars because of the mad crazy money printing of the Federal Reserve. We need to go back to a metal-based economy to stop the abuses of the international financiers. You will become a Ron Paul fan when gas hits $5 gallon. When it gets to $10, you will like Smith and Wesson.

Goldmoneybill.org is the home of the original Gold/silver backed state currency bill.

Glenn Beck And Edward Griffith Exposes Federal Reserve

2011-04-08T11:47:00.000-07:00

The magic money making machine known as the Federal Reserve is exposed and ridiculed by the Federal Reserve quite effectively by Glenn Beck. The Creature from Jekyll Island is a core book that you need to read to understand the fiat money-making monster. There is also an earlier book by Eustace Mullins called the Secrets of the Federal Reserve. I have both of these books for sale.

Jim Rogers Bullish on Silver

2011-03-31T19:55:00.000-07:00

Jim Rogers is bullish on Silver because of debasement of paper money everywhere. Not really an insight, but this guy is one of the great traders of all-time.

Paul Bea Monex for Silver bullion 800-949-4653 x2172 referral Kevin from goldmoneybill.org

A Little Light On MSNBC Exposes Con of the Federal Reserve

2011-03-20T09:23:00.000-07:00

This is a very clear explanation of the Federal Reserve and De Facto Government Con Job. The Federal Reserve creates money out of thin air, loans it to the banks at 2%. The banks loan it to us at 6-20%. Only loan money for houses that are more expensive than the previous buyer. Pull your money out of the banks and buy Silver. We just had a sound money bill passed in Utah, there are some positive changes occurring, but you must accelerate your commitment to sound money, before the obamination starts WWIII. The Peace Prize winner has just started his first war in Libya to steal their oil. Old Style imperialism, enough with these creatures; time to remove them from the scene.

Paul Bea- Monex for Silver and Gold. 800-949-4653 x2172

Goldmoneybill.org- Working to restore Sound money and sanity to America.

The First Victory in Utah Gold and Silver Again Legal Tender

2011-03-10T18:38:00.000-08:00

This all started with the New Hampshire Gold currency bill about 7 years ago. The momentum is such that there are now 11 sound money bills in various state legislatures from New Hampshire to Indiana. Congratulations to the people of Utah, may blessings rain down from the heavens.
To support the move back to Sound money and a Republic, time to stock up on Gold and Silver; JP Morgan's achilles heel. Paul Bea Monex 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral.

The Silver Bullet and the Silver Shield

2011-03-06T22:26:00.000-08:00

This is the most comprehensive article on Silver yet. If you do not run out and sell all your shit and buy Silver after reading this, then nothing short of a gun to your head will get you to pull the trigger. Paul Bea Monex 800-949-4653 x2172 referral Kevin From uscivilflags.org

The Silver Bullet And The Silver Shield
By Silver Shield, on February 25th, 2011

Two of the most common questions I get inside of the Sons of Liberty Academy focus on two things: how to turn back the tide of this increasingly corrupt system and how to financially prepare for a post-dollar world. This does not surprise me, since fear and greed are the two most powerful motivators known to man. What will surprise you is that for once, the answer to both questions is the same answer.

Buying physical silver is by far the greatest act of wisdom and rebellion any American can and should be doing right now. It is both a Silver Bullet to rebel against the Elite’s corrupt system and a Silver Shield to protect your family and wealth in a post- dollar world. Buying physical silver is non-violent, non-compliant resistance. Most importantly it works outside of the system and it cannot be stopped.

“As long as you play by the Elite’s rules, the Elite will rule.” -Chris Duane

Any effort trying to work within the Elite’s paradigm, will fail. The Tea Party march on Washington failed. It failed like the 2010 Tea Party Congressional campaign. If failed because nothing happened, and nothing changed. That is not to say they were not great exercises in power. It just will never bring about any real change because awareness campaigns and marches are not enough. The Elite that control our reality don’t really care what we do or say, so long as we do not threaten the root of their power. We have to hack at the root.

“Let them march all they want, so long as they pay their taxes…”- General Alexander Haig

In this article, I intend to put forth a plan that will fundamentally change the game and do it from outside the system. It will overthrow the Elitist system that enslaves us with debt and do so without a shot being fired. Most importantly, there is no way the Elite can stop it. The plan is quite simple, sell every single asset you own right now and buy physical silver.

As with anything else in life, knowing the answer, is not as important as knowing the “why.”

The “why” is what brings about fundamental change in your thinking.

This change in thinking brings about absolute certainty of the outcome.

Absolute certainty brings about massive action.

Before I go any further, I want to have my “cover my ass” moment. I am not a financial adviser. (You can see my parody of these CONmen in my video Wall St Laughs at Main St.) I am extremely biased and fully invested in silver. Silver is extremely volatile and not suitable for most investors. Look at what happened in 2008 and just yesterday, it was down 5% in 15 minutes. I will not be held liable for any losses you may incur but I will be glad to take any donations if things do go the way I see it. You need to have food, water, guns, ammo and supplies before you should even consider investing in silver full force. The most important preparation you can make is mental preparation and nothing does that better then the Sons of Liberty Academy. Before you let my highly convincing arguments wash over you, take time to do your own do diligence. Don’t make any rash decisions decisions like selling your house, 401k, stocks, and family business to go out and by as much silver as you can get your hands on, with a seven and a half month pregnant wife. Only a crazy person would do that… Right?

“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” – Sir Josiah Stamp, Director of the Bank of England (appointed 1928) and reputed to be the 2nd wealthiest man in England at that time.

Silver is the Achilles Heal of the Elite’s paradigm. By transferring their fake, corrupt paper money into real honest money like silver, it will ultimately destroy of their control of the money/debt. The more money/debt they create, the more it will work against them as we put more of that money into silver. Think of it, every single evil in this world, is only made possible through Elite’s debt/money system. Through the control of the of the privately and foreign owned central banks, the Elite control our money, food, industries, government, media, natural resources, capital markets, military and the ultimately you. It enables wars, propaganda, police state, corruption, pollution, crime, drug trade, disintegration of families, etc. In fact you give me your evil that you fight against, I will show you how it comes back to the very corrupt basis of our money. I intend to show how silver is the antiseptic for all of these ills.

Buying physical silver acts both a Silver Bullet to the all of the evils in the world and acts as a Silver Shield for all that you love in this world.

Buying silver will bring amount more political change than all of the political campaigns will ever do.
It will reverse the tide of wealth from going to the Elite and even to Asia.
It will stop tyranny and free billions from the bondage of debt slavery.
It will bring about a new era of human progress unlike anything we could imagine right now.
If we simply take away the Elite’s power, how fast could we progress as a human race if we did not waste our efforts on debt, wars, and taxes? The Silver Bullet and Silver Shield can and will bring about this change. Now that I have raised the bar to the moon, let’s get this show going.

Buying physical silver can be the Second American Revolution without firing a single shot. In order for a revolutionary idea to take hold, you must feel it in your soul. It is important to know that everyone is not motivated the same way as others. I will attempt to lay out as many rationales as I can for you to commit to this plan and to encourage others to do the same. I will use both positive and negative motivations on why you should buy silver. I will appeal to your rational and irrational desires. I will give the financial, historic, political, geological, mathematical, legal, intellectual, emotional, and even spiritual reasons on “why” to buy physical silver.

To buy or not to buy silver is the greatest decision you will have to make before the worldwide collapse of the debt based fiat currencies. If you do fully commit to this idea, you will be taking charge of your future and I believe you will create generational wealth. If you do not commit to this plan, I bet your grand children will curse and spit at you for not taking advantage of this greatest opportunity ever. I do have a flair for the dramatic, don’t I

Throughout history, Silver has been used as money in more times in more places than gold.

To function as money, a monetary item should possess a number of features:

To be a medium of exchange:

It should have liquidity, and be easily trade able.
It should be easily transportable; precious metals have a high value to weight ratio.
It should be durable.
To be a unit of account:

It should be divisible into small units without destroying its value; precious metals can be coined from bars, or melted down into bars again, with a low percentage cost.
It should be fungible: that is, one unit or piece must be equivalent to another, which is why diamonds, works of art or real estate are not suitable as money.
It must be a specific weight, or measure, or size to be certifiably countable.
To be a store of value:

It should be long lasting, durable, and it must not be perishable or subject to decay.
It should have a stable value.
It should be difficult to counterfeit, and the genuine must be easily recognizable.
Today silver is not used as money since it does not circulate but still provides a crucial role as a store of value.

Why does silver or gold have value? This is a very fundamental question. I think one of the best answers came from a movie call the Treasure of Sierra Madre. An old miner was explaining why gold has value. He said that 1,000 men head for the hills with pick axes and provisions after 6 months only one finds any gold. That find represents not only the labor of the man that finds that gold but that of the other 999 miners that did not find anything. That is 6,000 months or 500 years scrambling over mountains going hungry and thirsty. Think about the luck of finding something so rare. Think about how much energy, labor, ingenuity and time that goes into finding silver or gold. Sometimes it takes moving a couple tons of earth to find one ounce of gold or silver. And here we can buy all of that for less than a dinner for four at your local sports bar.

Why silver and not gold? 95% of all of the gold that has ever been mined is still in existence in some form or another because it has treasured. 95% (probably more if truth be told) of all of the silver that has ever been mine has been destroyed and used in such small quantities that it is gone forever. The Elite and their Central Banks own tons of gold and NO silver. Silver is cheaper than gold, the average American can buy and ounce of silver without much thought. If they wanted to buy even one ounce of gold they would have to talk to their wife about it. This means that when the chickens come home to roost, more people will be able to afford silver on the way up than gold. Gold has very little uses compared to silver. Gold mines are common but silver is mined mainly as a by product of zinc.

The Gold Anti Trust Action Committee has led the charge for years in exposing the bankers’ manipulation of gold. Their investigations and awareness campaigns have lead to a heightened awareness in the investment community. GATA is headed by Chris Powell and Bill Murphy. GATA spent $265,000 to get a full page article in the in the Wall Street Journal asking “Where is our Gold?” This brave action asks the investment community why our Gold reserves have not been audited in 50 years and how much gold we really have. If you are like me, I judge men not by the answers they give but by the answers they seek. This question was a direct assault at the heart of the beast. GATA found out that awareness campaigns are nice but they do not change the game. I remember a year or so after that, Bill Murphy and GATA had a campaign to actually sell gold and buy silver because the battle against the bankers was much easier to win in the silver market. No central banks have silver sell like they do gold. The market for silver was so small compared to gold that very little money would be needed to have the bankers capitulate in their duplicitous acts. When the Gold Anti Trust Action Committee says sell gold and buy silver, you have to pay attention.

Silver has been used as an industrial metal for the past hundred years and not been cherished for what it really is; a precious metal. Industrial metals are metals like aluminum, copper and iron are plentiful and can be used in huge quantities and can be disposed of or recycled. Unlike most industrial metals, silver is used in such small quantities, in proportion to the finished product, that it is not recycled except in photography. Silver has literally been thrown away into toxic trash piles all over the world and thus disappearing. In fact there here is an article showing that for 64 years the world consumed more silver than it produced.

Silver is the indispensable metal, next to oil silver is the most widely used commodity ever with over 10,000 uses. As the world technological progress expands, it uses will explode even further. Its unique characteristics are unlike any other commodity in the world.

Most Reflective of all Metals
Greatest conductor of both Heat and Electricity
Strongly Resists Corrosion and Oxidation
Second most Malleable and Ductile Metal (Next to Gold)
Recently Discovered to be a Very Effective Anti-Microbial/Bacterial
It is used in…

Batteries
Bearings
Brazing and Soldering
Catalysts
Clothing (My new dryer uses silver to clean clothes better with less water and energy.)
Coins (Wait until you see the demand skyrocket when the rest of the world wakes up from their Fiat dream)
Electrical
Electronics (Cell Phones, Computers, TVs, etc.)
Electroplating
Photography
Medical Applications (Hospitals have extensive uses of silver for it’s Anti-Microbial/Bacterial qualities)
Jewelry and Silverware
Mirrors and Coatings
Solar Energy (Peak Oil will raise demand for silver until we get Peak Silver)
Water Purification (Clean water is the most basic need for human life and yet clean water is becoming more rare.)
Silver is used in such small quantities and its unique characteristics make it irreplaceable, this makes its price inelastic. All commodities have a self correcting pricing mechanism, except silver. If a commodities price rises too high demand drops off as people seek substitutes or supply rises to meet the demand and thus lowering the price. This does not exist with silver. Silver is used in such small quantities in high tech components and there is NO SUBSTITUTE for it. The manufacturer or customer will absorb the price increase. Silver is now starting to be used in clothing to reduce smells caused by bacteria. What is remarkable about this is that by weight silver only represents 1/40,000th of total inputs. When used in such little quantities price is irrelevant. With over 20 million tons of polyester sports wear produced every year it consumes 1,200 tons of silver or 38 million ounces. Let’s say for example that the average computer has a 1/10th of an ounce of silver in it. (I cannot find how much is actually in a computer, Google fail.) This means that there is $3 dollars of silver in the $2,000 computer. If/when silver goes to $1,000 an ounce now that same amount of silver will be $100. Do you think Apple computer is going to throw its arms in the air and cry that they have to not sell computers because silver is too expensive? No, they will raise the price of the computer and probably advertise that it has the most silver in it. Do you think the average consumer is going to say, “I would buy a computer at $2,000 but at $2,100 no way?!” No, they will find a way to get that $100 so they can the latest Miley Cyrus news.

It is not just the consumer products that are at risk, it is the companies, industries, and nations that are at risk. Apple has a market cap of $300 billion dollars and if a strategic commodity like silver starts having shortages their billion dollar empire is endangered. Companies like Apple will go into panic buying securing any amount of physical silver they can because their entire value added business is dependent on it. They will not buy SLV or certificates of deposit, only the real silver thing. They will whip out their huge check book and stock up. Now you can see why rising prices will actually increase demand. It is not just the Computer industry that is relying on silver; it is the multi billion dollar industries like Energy, Medical, the Military and soon the entire Banking industry as their money/debt system collapses. This directly effects national destinies. Governments held approximately 10B oz of silver in 1950 and have been supplying that physical stock steadily into the market. Today there is no more of that surplus silver left to sell. The nations that manages their resources the best, will win the future.

Unlike industrial demand, monetary demand has no limits. The monetary demand for silver is what will eventually send silver to the moon. Quadrillions of fake money into less than a billion ounces… You can never have too much money, right?

“Paper is poverty…it is the ghost of money, and not money itself.” -Thomas Jefferson

I have seen bright and intelligent men that fail to understand that the electronic digits on their computer screens are not real money. It never fails them though, when they hold and ounce of gold or a 100 ounce bar of silver. A frightening aspect of our society, that we have become so detached from real money that most of us cannot even comprehend real money. Do yourself a favor this week and go to your local coin shop and just touch and ounce of gold or a big fat bar of shiny silver. Then look at the wad of paper in you wallet or worse digits on your bank statement and tell me honestly where you would rather invest your future in.

Infinite money in a finite world. The Irresistible Force Paradox states “What happens when an irresistible force meets an immovable object?” Our debt based monetary system must create more debt every year in excess of the debt AND interest of the year before. (Read The Contrived Drama of the Debt Ceiling.) This coupled with the fact that the more debt/money the bankers create, the more profit for they have. The more money/debt the politicians spend, the more power they have. This sick symbiotic relationship of the “Lender of Last Resort” meets the “Spender of Last Resort” ensures and exponential growth of money. The Elite will keep using the power of the printing press to maintain their power, but will only accelerate their demise. There is a mathematically inevitable end to this system, as infinite money/debt meets the world’s finite resources and ultimately the limits of human faith.
Paul Bea Monex 800-949-4653 x2172 referral Kevin From uscivilflags.org

The more money/debt chasing after fewer goods and services is what causes inflation. Ultimately, people’s faith in the currency will fail world wide. It will become evident that the Elite intend to print the currency into oblivion, ruining the main function of money as a store of value. When this happens people will literally throw their depreciating currency at any tangible asset they can get their hands on. Precious metals will be the main beneficiary of this because of their unique properties, such as they do not deteriorate, and universally accepted. The frightening thing is that it is not just American citizens, it this will be the first time in human history where the entire world is so interconnected and all on the same basic fiat monetary illusion. Stop thinking of another Great Depression and start thinking another Dark Ages. My suggestion would be to, beat the rush and panic now!!
Continued at Source Read the article all the way through.

Silver to be Extinct by 2020. Price to Rise beyond Gold

2011-02-25T00:32:00.000-08:00

Silver, Silver Silver. We are light years away from the bull market for Silver. Think in terms of thousands of dollars for Silver and you will begin to get the picture. When I buy an Oz of Silver, I believe in my mind that it is worth, $1000oz. That may actually be a low figure.

Goldmoneybill.org The spark that has triggered the return to a gold/silver standard.

Real Money-Gold/Silver vs Usury History of the Bankers

2011-02-13T11:06:00.000-08:00

Great video about the history of Money and the evils of the Federal Reserve and the house of Rothschild. This film will break the mind control of the bankers.

Goldmoneybill.org bringing back sound money from the brink.

The New Hampshire Gold Currency Bill is Back!

2011-02-01T14:40:00.000-08:00

CONCORD – A dollar should be worth more than an idea.
That’s what state Rep. Norman Tregenza says when he explains why he submitted a House bill that, if approved, would encourage the state’s federal delegation to work on getting the country back on the gold standard.
The bill is one of several similar bills submitted to state legislatures this year, according to media reports.
“This is the greatest issue of our time that is really not even covered,” said Tregenza, a Madison Republican. “This is vital if this country is to even survive.”
Tregenza’s bill would petition the U.S. Congress to correct what he says is a departure from the constitutional mandate that states use only gold and silver coins as legal tender and empowers the federal government only to coin money. The bill would also direct lawmakers to phase out the Federal Reserve System.
“The issue is that our money is no longer backed by precious metal,” Tregenza said. “That is important, because the Federal Reserve makes money out of thin air and is destroying the reputation of our dollar.”
The Federal Reserve is a quasi-private body charged with controlling the prime interest rate and determining when and how much currency is printed.
Cont@ Source

Ireland Begins to Print It's Own Euros.

2011-01-19T13:48:00.000-08:00

Leave it to Ireland to destroy the European Union. Sigmund Freud said the Irish were the only race that cannot be psycho-analyzed. Ireland by launching it's own fiat currency printing press has started the destruction of the Euro as a currency. They are now treading the same path as the Federal Reserve which has embarked on a systematic inflation of the federal reserve note which will lead to a de-valuation perhaps as high as 70% in 2011.

Daily Bell
Dominant Social Theme: The heck with a single currency. Oh, wait ... let everyone print it.

Free-Market Analysis: Was this the week the euro gave up the ghost and the EU threw in the proverbial towel? Analyzing the Anglosphere's dominant social themes is not an easy avocation and one looks for documentable breakthroughs. We have been fortunate to find several during the timeframe of this young publication but are always looking for more. Irish printing of euros seems to fit our criterion of a demonstrably significant event. (Information that makes you sit up straight and go "Wha?")

The one that stands out the most for us previously (as we have mentioned before) was the Congressional appearance of Federal Reserve Inspector General Elizabeth Coleman. It was perhaps the single worst appearance of any official in the history of such appearances and left no doubt that the Fed had not a clue about how to handle the fallout from its various monetary insanities. See our article on that episode here:

http://www.thedailybell.com/384/Federal-Reserve-cannot-account-for-9-trillion.html

Now comes Ireland. In news reports that have thus far not attracted much attention, the Irish Central Bank has been printing euros out of thin air to prop up its ailing banks. The whole of Europe will pay for this action, as the result will be increased euro-zone price inflation. We can only imagine the reactions of Germans if this continues – though apparently the Irish action is legal from the EU's standpoint so long as the ECB is "informed" in advance and approves. As is often the case, we doubted our reaction to the news, so we went trolling the ‘Net to see if anyone shared our instinctive reaction that this was overwhelmingly bad news for the euro. Here's one comment we found:

Wait... have I just slipped into a parallel universe? Is this some sort of early April's fools joke? Doesn't this defeat the entire point of a single currency and the ECB? Were the rules changed on the quiet without anyone noticing?

Greece.... Greece are going to go f***ing apesh!t. They were forced to go begging to the IMF.... when the Greek people find out the [Irish] central bank is allowed to just print money, they are going to riot and demand tax cuts and benefits rising and massive spending. The Germans... well the Germans are just going to totally lose it. They've been told they should pay higher taxes to help the PIIGS, now they are being told the PIIGS can prints EUROS at will?

It's impossible to overstate the importance of this... this is it... game over. The EU has weeks maybe days left. I this really is true, this is the biggest news story since world war 2 finished, and may even lead to world war 3.
Cont' @ Source

What can one do to preserve their wealth? Dump your 401K plans that Obama is setting up to be nationalized. That is the real reason behind the shooting in Tucson. The judge was the target, who blocked the implementation of the seizure of 401K plans in Arizona. Paul Bea 800-949-4653 x2172 is my monex representative, he can answer all question on Silver. 100oz min. Use Kevin from goldmoneybill.org as a referral.

Gold or Cash? Cash or Gold?

2011-01-18T14:25:00.000-08:00

Great video, shows the historical value of gold in terms of real worth and it's value in today's market in terms of tangible goods and the value of the dollar. It will shock even the hardened Keynesian supporter.

Silver though is an even better value. Silver is currently 45-1 to gold, where the historical relationship is 15-1. Paul Bea Monex is my silver retailer. 800-949-4653 x2172 use Kevin from Goldmoneybill.org as a referral to support this site.

10 States Now Want Gold Currency Bill

2011-01-08T13:06:00.000-08:00

The original was the New Hampshire Gold Currency bill, found at Goldmoneybill.org You can download a copy of the bill and have it modified it is federal compliant written by Dr. Edwin Vieira.

Legislators in at least ten states have introduced bills in the past few years to allow state commerce to be conducted with gold and silver.

As we reported, Georgia state Rep. Bobby Franklin (R) recently reintroduced legislation to force his state to conduct all monetary transactions with U.S. gold or silver coins -- including the payment of taxes.

The Georgia bill has a long way to go before become law -- but it's by no means the only state that's considering a future in gold. Lawmakers in Montana, Missouri, Colorado, Idaho, Indiana, New Hampshire, South Carolina, Utah, and Washington have proposed legislation, mostly in 2009, to include gold and silver in its accepted currency forms. Continued at Source
To help speed the process along, converting to hard currency now is a must. It is the only thing that will End the Fed. You need to begin to accumulate real money.
Paul Bea @ Monex for Silver 100oz min. low cost retailer. 800-949-4653 x2172 use Kevin from Goldmoneybill.org as referral to help support the goldmoneybill.

Silver to be worth more than Gold in Next Decade

2011-01-03T00:31:00.000-08:00

Here is a stat from the video to chew on. World Population up 176% since 1980 Global GDP up 600% Above ground Gold up 600% Above Ground Silver down 91% Silver price down 46%. Time to buy Silver. Not only will you be aiding the death of the FED you will be preserving your wealth from the government filth that is trying to steal it.

Paul Bea @ Monex for low-price Silver the largest retailer in the US. 100oz min on Silver. 800-949-4653 x2172 use Kevin from Goldmoneybill.org as referral to help support this site and spread the message of the return of Soundmoney. Congratulations to Ron Paul for heading the House finance sub-committee, may be bite be more than his bark.

FED Gives Away 12 Trillion dollars to Banks

2011-01-01T03:12:00.000-08:00

A crime so large our eyes just glaze over. The deer in the headlights we are, digest this information they get angry. We need productive pro-active action at this point. Support Ron Paul like a crack addict needing a fix in his upcoming battle with the Fed as the head of the house finance committee. Audit the Fed? How about citizen's arrests? We can try them in our common law courts.

Another method to destroy the banks and the Fed is to convert to real currency, Silver. Silver just broke another 30 year high, jumping to $30.93. We will just be getting started when it's breaks it's 1980 high of $52. Paul Bea Monex low cost silver retailer, 100oz min. US Eagles. 800-949-4653 x2172 use Kevin from UScivilflags as referral.
Codex, banning of organic farming by you the individual is all a function of the Federal Reserve. Get rid of the Fed and we live in the real world again.

Malaysian Wiseman Advocates a Return to a Gold Standard

2010-12-11T15:09:00.000-08:00

Actually, it is a gold standard to settle international trade between nations. There is merit to Mahathir Mohammed ideas, but it is still ripe for corruption longterm. The return to gold and silver coin is the only solution to prevent the tyranny of government's over it's populace. You may want to even consider copper as a part of a new monetary standard. Gold-Silver and Copper standard....

LONDON: Malaysia's elder statesman Mahathir Mohammed, the favorite politician of the Muslim man in the street and former prime minister, is never far from controversy.

Addressing the 5th International Shariah Scholars Forum, which was held in Kuala Lumpur recently in conjunction with the Global Islamic Finance Forum (GIFF) 2010, Mahathir in an outspoken attack stressed that the "collapse of conventional banking, finance and the monetary system has exposed their weakness and the ease with which they can be abused."

At the same time, in a stark warning to Islamic banks, he bluntly advised them to avoid getting involved in unethical practices in their pursuit to compete with conventional banks. Islamic banking in its current nascent stage, he added, cannot afford any disaster at a time when the industry is trying to gain acceptance as an alternative to conventional banking.

Mahathir is no stranger to Islamic finance. Although not much credit is given to this fact, it was him and his successive governments in the 1980s through to the 1990s and early 2000s that consistently supported the establishment of Malaysia's Dual Banking Model - a conventional banking system operating side-by-side with an Islamic banking system - cooperating but not interacting.

Malaysia has never looked back since then. Today its Islamic financial architecture is the most developed in the world, complete with enabling legal and regulatory framework; a financial sector master plan, of which 90 percent has been implemented; accounting standards; an Islamic interbank money market (the only one in the world); a thriving government Islamic sukuk and notes issuance program; consumer protection and awareness policies and a Shariah-compliant deposit insurance scheme.

In 1998 he also steered Malaysia out of the Asian financial crisis without resorting to the International Monetary Fund (IMF) with a cap in hand begging for a bail-out. The Malaysian solution vindicated Mahathir's policies because it turned to be highly successful, perhaps to the secret admiration of the IMF officials.
Source

Crash JP Morgan, buy Silver a simple yet elegant plan to end the tyranny of the Federal Reserve. Paul Bea @ monex is my silver guy. 800-949-4653 x2172 100oz min on orders. Use Kevin from Goldmoneybill.org as a referral to help support this site and the spreading of the sound money concepts.

Massive Silver Paper Fraud 100-1

2010-12-09T15:08:00.000-08:00

Here are some facts to chew on. The annual worldwide industrial consumption of Silver is 800 million oz. The annual mining production is about 600 million oz a year. The difference has been covered up to now by recycled Silver. The SLV and ETF markets are 100 larger than the current above ground Silver stores. The biggest financial fraud in the world.

Paul Bea- Monex 800-949-4653 x2172 100oz min on Silver. Get the U.S. eagles. Use Kevin from Goldmoneybill.org as referral. It helps support the goldmoney site.

The Origin of the Word Money

2010-12-05T23:46:00.000-08:00

A hint it is tied up with the oldest profession in the world. They called it sacred prostitution. A wheat bushel was exchanged for a shekel which means wheat.

Goldmoneybill.org Holding the fort down till the return of the gold/silver standard.

Buy Silver and Crash the Fed. Paul Bea Monex 800-949-4653 x2172 100oz min on Silver.
Use Kevin from Goldmoneybill as a referral.

Crash JP Morgan Buy Silver Video U2

2010-11-29T09:25:00.000-08:00

This is an idea that I have had for years and have been encouraging systematic silver purchases to close down the fiat currency system. If you want to go back to a gold/silver standard, you need to start moving out of paper in all forms. Silver is the achilles heel of the bankers. JP Morgan has 3.3 billion oz of silver shorts that do not exist. That is equivalent to all the gold mined in the world back to Nefertiti. U.S. Eagles sales have skyrocketed this year and in the current month. Silver is in such short supply that the regular purchases by you can destroy the fiat currency scam that is responsible for all the ills in the world today, from TSA fondling of your family jewels to all the paper funded perpetual war culture. Now we are going back to Korea? Is that the domino theory back in play? Secure your wealth and save the Republic, buy Silver.
Paul Bea Monex- 800-949-4653 x2172 100oz min on Silver bullion lowest cost retailer. Use Kevin from Goldmoneybill.org as referral to help support the concept of sound money.

JFK Speech On Secret Societies: Anniversary of his Death

2010-11-23T22:09:00.000-08:00

My parents worked on the Barry Goldwater campaign, I most likely would have been a supporter of Barry Goldwater, but the power of Kennedy's speech here is undeniable.

It is alleged that JFK, sought to eliminate the Federal Reserve Bank. I do not know whether that is true, but today the U.S. Mint just broke the all-time record for U.S. Silver Eagle sales for one month and subsequently for the whole year. Rayelan has been an advocate of a return to a Gold standard for over ten years now. Physical Silver Bullion possession is the achilles heel of the Federal Reserve Banking system. Silver supplies are at a 700 year low due to industrial consumption and the massive suppression of Silver by the banking system over the last 30 years to prop up the dollar. The single most important act that you can do to eliminate the Federal Reserve bank is to buy Silver bullion in any form and hold. Not only will you be benefiting from the greatest commodity play of the last 100 years but you will also be helping your fellow American end the Tyranny that has been raining for the last 97 years.

Paul Bea Monex 800-949-4653 x2172 referral Kevin from Goldmoneybill.org 100 oz min on Silver.

Mortgages Have Bankrupted U.S. Banks

2010-11-21T00:57:00.000-08:00

Bank of America, Chase, Wells Fargo, they are all bankrupt from Mortgage losses. This has been fraud from the beginning of the fiat currency system. Good riddance,how fast can we bury the bodies? Move into hard assets such as Silver. Silver is the achilles heel of the banking world. There is so little of it, that Joe Mainstreet can actually buy up most of the world's supply and end the ponzi scheme known as Comex.

Goldmoneybill.org The home of the original movement back to a gold/Silver standard.

5 Alarm Fire on Silver @ Comex for Monday Nov 15th

2010-11-14T22:42:00.000-08:00

Comex traded 1.66 billion oz of Silver on Tuesday Nov 9th, an all-time record. That is 3 times the whole worldwide Silver production in a year. The flight to physical has commenced. To scramble to convert to Silver Bullion, Paul Bea @ monex 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral. The end game is on now. Massive shortages in Silver are happening now. U.S. Silver Eagles sales have tripled in the last week and the month of November is on pace for 4.5 million oz, a new record by over a million oz.

Silver @ $2250oz in Physical Bullion

2010-10-09T12:22:00.000-07:00

You may think I am crazy, but not if you actually looked at the fundamentals behind Silver. You will be running to Apmex to buy in person with your daughter's college money and your future inheritance. Bix Weir of Road to Roota is saying $6000oz for Silver.

Idaho Silver Gem Act Phil Hart

2010-10-07T23:49:00.000-07:00

Idaho will be able to pay state taxes in Silver if this bill passes. A state parallel currency bill.

A spin-off of the original goldmoneybill in New Hampshire.

Idaho Silver Gem Act

2010-10-07T23:41:00.000-07:00

This is exactly why the New Hampshire Gold money bill was created, so it could spawn other states to take up the initiative if the original bill did not pass.

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HOUSE BILL 633

Full Bill Information

Individual Links:
Bill Text
Statement of Purpose / Fiscal Note

H0633 by STATE AFFAIRS COMMITTEE

IDAHO SILVER GEM ACT - Amends and adds to existing law relating to taxes and mining to provide for a certain deduction from corporate income tax; and to provide for the Idaho Silver Gem Act of 2010.

03/05 House intro - 1st rdg - to printing
03/08 Rpt prt - to St Aff
03/16 Rpt out - rec d/p - to 2nd rdg
03/17 2nd rdg - to 3rd rdg
03/18 3rd rdg - PASSED - 51-14-5
AYES -- Andrus, Barrett, Bayer, Bedke, Bell, Bilbao, Black, Block, Bolz, Boyle, Burgoyne, Chadderdon, Collins, Crane, Eskridge, Gibbs, Hagedorn, Hart, Hartgen, Harwood, Henderson, Higgins, Jarvis, King, Kren, Labrador, Loertscher, Luker, Marriott, Mathews, McGeachin, Moyle, Nielsen, Nonini, Palmer, Patrick, Raybould, Roberts, Schaefer, Shepherd(02), Shepherd(08), Shirley, Simpson, Stevenson, Takasugi, Thayn, Thompson, Trail, Wills, Wood(27), Mr. Speaker
NAYS -- Boe, Chavez, Cronin, Durst, Jaquet, Killen, Pasley-Stuart, Pence, Ringo, Ruchti, Rusche, Sayler, Smith(30), Smith(24)
Absent and excused -- Anderson, Chew, Clark, Lake, Wood(35)
Floor Sponsor - Hart
Title apvd - to Senate
03/19 Senate intro - 1st rdg - to Loc Gov

Sovereign Flag of the New Republic

Can Silver Hit $1000oz? Ted Butler

2010-10-06T16:36:00.000-07:00

Ted Butler
The other day Jim Cook, the president of Investment Rarities, asked me a question that set me back. "How high do you think the price of silver could get?" I started to answer that, as an analyst, I don't like to throw out price targets, but prefer to dissect the underlying facts and conditions in the silver market. Those facts and conditions will tell us when silver is overvalued. Certainly I felt the current price was undervalued and I started to explain.
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But he cut me off, by asking, "Do you think it could hit $200 an ounce?" I answered, sure it could. And not only that, I continued, it could hit $500, or $1000. Then he asked me, "Why don't you write about that?" At first, I said I wasn't interested in weaving tales about sensationalized prices, as I preferred to stick to bedrock analysis and let the price unfold as it may. And previously I had written about $50 or $100 silver. I told him, even if silver "only" doubled, or tripled, or quadrupled, it would be a phenomenal return, especially considering the low risk at the low price of the past few years. Even a modest price rise would prove that our efforts to spread the silver story were sound and true.

But then I realized that Mr. Cook was right. If I had good reasons to back up possible extraordinary future price projections for silver, why not write about those reasons? So I have decided to do so. However, I'd like you to put what I write into proper perspective. I'm going to write about possible future scenarios in silver for one main purpose - to get you to think and prepare for what may be extraordinary price upheavals in silver in the future. The idea is to consider the possibilities, and the reasoning behind them.

I don't normally dwell on possibilities. In silver, it's easy to focus on probabilities and certainties like deficits, disappearing inventories and the law of supply and demand. I see things like verified short positions and the existence of leasing and a price out of line with all other commodities. With ultra-low risk and what I believe to be a free market guarantee of eventual higher prices, why resort to what many would label outlandish price predictions? I'll tell you why - for the simple reason that those outlandish prices just may be coming, and it would be negligent of me not to discuss them beforehand. Before you scoff at $200, or $500, or even $1000 an ounce silver, please hear me out.

Let me first tell you what I am not including as reasons for triple or high triple digit silver. I am not talking about the end of the world, or the destruction of the dollar or other currencies. I am not talking about silver as money. I am not talking about virulent inflation where you see $200 silver, along with $50 for a loaf of bread or $10,000 for an ounce of gold. While I can't guarantee that those things won't take place, they are not among my reasons for triple digit silver.

I suppose that if the world's monetary affairs go to hell in a hand basket, those holding real silver would be protected. But that’s not the basis for my silver recommendation. Bad things may happen in the future, but I refuse to dwell on them or promote them as reasons for owning silver. To me, silver is a "good news" metal. Its many and varied uses are all about making man's condition better and improving standards of living. I'm a commodities guy and an optimist. I won't advocate silver based on bad things happening that cause price appreciation. Life is too short. The great news is that nothing bad has to happen for silver to hit $200, $500, or $1000.

At the epicenter of reasons for launching silver to the heavens is the coming end of the silver manipulation. This has been my central theme for many years. Despite denials and protestations to the contrary by many, it remains obvious that silver is not priced properly. There is no legitimate free market explanation for such extremely depressed prices in the face of such spectacularly bullish fundamentals, namely, a structural deficit and depleted world inventories. Only manipulation could explain such a perversely low price compared with the real fundamentals. The good news is that since this manipulation is dependent upon the continued uneconomic dumping of government inventories (from the People's Bank of China), it is just a matter of time before those finite supplies are exhausted, and the price of silver is set free.

The end of the manipulation may kick off a whole host of related reactions. You can't keep the price of anything artificially depressed or elevated for decades and not expect violent counter moves when the artificial restraint or prop is suddenly removed. History bears this out. So it is logical to assume that when the silver suppression ends, we will get a severe jolt to the upside. As I have long maintained, it is the manipulation itself that creates the exceptionally low risk and high profit potential. When the manipulation ends, we must move to a price point where supply and demand balance without government inventory dumping. Considering how long silver has been kept depressed, it will take an extremely high price to balance supply and demand.

But this is old news for regular readers, and not the point of this article. Under normal conditions, I do not think it would take $200+ silver to balance the deficit. It would take a much lower price. However, it’s unlikely that normalcy will prevail in the future. There are certain factors that could come into play that could vault silver, in the years ahead, to truly shocking price levels. Just as we have remained grossly undervalued in silver for decades, it is very possible that, in the inevitable move to a market equilibrium price, we could overshoot dramatically to the upside, even if only briefly. There are several factors in place, all unique to silver, that could account for unthinkably high prices.

At the heart of the unique set of silver factors is one common denominator - human emotion and group behavior. People are motivated by price. Ironically, it is only high and rising prices that causes great numbers of people to buy in unison. Low prices discourage mass buying. (That's why silver is not on the mainstream radar screen yet.) If you study the history of investment extremes, or bubbles, it is the rising price itself that is at the heart of the cause for the move. The big problem is that the masses, excited by the price rise, come in late and stay too long.

I think silver is a prime candidate for a future price explosion that is historic and world wide in scope. Given its universal usefulness, appeal and stature, and its current low price, any significant price movement is likely to excite the world investment community. Its long term depressed price means that less than 1% of the people currently hold silver. No one knows if a silver price bubble will develop, but here are the reasons why it could.

1. A Short Squeeze On The Futures Market

For 20 years, there has been an outsized silver short position on New York's Commodity Exchange, Inc. (COMEX). This paper short position has been unique, in that no other commodity but COMEX silver has had a futures and options short position larger than world production and world known inventories. This has been one of the keys as to why silver has been depressed in price. But shorting is a two way street. While the shorts have had their way with the price of silver for a long time, when those shorts are bought back or covered, the price effect of shorting is reversed and it becomes bullish.

A shortage of real silver would cause the shorts to buy back their positions. We are seeing signs of delay in physical deliveries, a precursor to shortages. Also, before a short-covering panic develops, we should also see signs of a reluctance to take an additional shorting by the commercial dealers. Those signs are emerging. In fact, there could be sharp upward movements in the price of silver on just the lack of new shorting.
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Actual, panic-driven short covering hasn’t been seen in the silver market for more than 20 years, due to the ironclad control on the market that the dealers have maintained. A short covering panic appears unavoidable at some point, because the size of the short position, measured in the hundreds of millions of ounces, dwarfs comparable known real deliverable inventories. If this uniquely large silver short position on the COMEX enters into a panic covering phase, it could create triple digit silver all by itself.

2. Leasing Repayment Demands

The second component of what has been a 20 year silver manipulation is the fraudulent practice of metals leasing/forward selling. Under the guise of hedging, actually silver metal was removed from various central banks and sold on the open market. This was how we could have a deficit for decades with no increase in the price and no actual shortage of metal. I would estimate many hundreds of millions of ounces of silver, perhaps over a billion ounces cumulatively, were dumped over the past two decades due to leasing. This silver dumping was structured as a lease (even though it was a pure sale), with the silver due to be returned eventually to the central banks from which it originally came. The problem is that this silver was industrially consumed, and therefore, no longer exists in bullion form that can be returned.

While it appears to be a physical impossibility for the central banks' leased silver to be returned, that doesn't mean some individual central banks might not press for the return of their silver. If this occurs, it would set off a buying spree similar to the paper short covering on the COMEX. The main difference is that demands to return leased silver would involve physical buying, rather than the paper buying on the COMEX. Make no mistake, this leased silver represents a separate and unique short position, that exists in addition to the COMEX short position. Because it would represent physical buying, rather than paper silver purchases, any attempted buyback of leased physical silver would have a much more potent impact on price.

In fact, it is my opinion that there will be no return of any central bank leased silver because they can’t get the silver to return. They won't even try to get their silver returned. There will be negotiated resolutions involving some type of cash payment. (It will be quite bullish for the market just to see an end to leasing.) In the event I am wrong, and some individual central bank presses for the physical return of its loaned silver in sufficient quantity, this factor alone could account for $500 silver.

Even if the central banks quietly accept negotiated cash settlements in lieu of their actual metal being returned as required, that does not mean all the parties to this fraudulent leasing experiment will escape. The parties who borrowed and agreed to return the silver (miners, users, and bullion banks), all have unknown liabilities in a leasing crunch. Any number of them could panic and try to buy themselves out of these toxic derivatives. And the central banks, who leased out the silver that can’t be returned will certainly try to get as strong a financial settlement as possible as compensation for the loss of their metal. That compensation will be based upon the price of silver. That also will determine the liability to the borrowers of the leased silver. Astute borrowers will look to limit their liability by buying silver, which means more buying pressure.

3. Industrial Users Panic

Silver is used in thousands of industrial applications. In fact, aside from petroleum, silver is used in more applications than any other commodity. Unlike petroleum, the amount of silver used per application, while vital to the finished item, is a tiny percentage of the item's total cost. For this reason, silver is considered to be price-inelastic for much of its industrial demand. This means that industrial users will not readily substitute other materials for silver in a price rise. If the price of silver jumps significantly, they will be more inclined to build inventories than eliminate silver.

But it won't be price alone that causes industrial users to rush to build silver inventories. It will be availability that could set off a panic. The 25-year experiment with Japanese-developed "just-in-time" inventory management has caused the inventories of all commodities and materials to be sharply reduced. Thanks to computerization, modern manufacturing and transportation efficiencies, holding extra inventories has become expensive and old fashioned. If a manufacturing or transportation disruption occurs, industrial production is more threatened by having lean inventories.

It is not just normal silver production or transportation disruptions I am referring to, but something else. Since we are in a pronounced and documented deficit, silver shortages must come at some point. It is a miracle that it hasn't happened yet. When the inevitable silver shortage hits the industrial users, it will be only a matter of time before some will try to protect themselves from those delays (and price increases). They'll do this the only way they can - by buying extra silver as a buffer. They will build, or attempt to build, inventories of silver that they never held before. This is a logical reaction to silver delays and price increases. After all, you don't risk the shutdown of an assembly line for want of a single, low-cost component.

The problem is that what may be reasonable for one industrial user, puts pressure on the silver supply. As individual users try to immunize themselves from assembly line shutdowns by buying more real silver for inventories, other industrial users are automatically denied silver. If extraordinary demand for inventory building by some users occurs, it will make the supply tighter for other users.

This is how panics occur. The price of palladium rose to over $1100 an ounce because industrial users (mainly Ford Motor Company) panicked and built inventories, because they feared they would have to shut their assembly lines due to a lack of palladium. Silver is used in many more applications than palladium. That increases the chance that silver users will panic at some point and try to build inventories. If a user inventory panic does develop, there is only one known cure - it must burn itself out at extremely high prices. I have a hard time envisioning how a user inventory panic doesn't occur at some point. Whether we're talking about individual investors or corporate buying agents, all are subject to similar emotions and fears.

4. Unbacked Silver Bank Certificates

You get a tremendous amount of physical silver for your money. While that helps prove just how undervalued silver is, for many people it’s too much weight. There are practical transfer and storage issues. Most people, with substantial sums of money to commit to silver find it impossible to hold that much physical silver in their personal possession. At $6 an ounce, $30,000 in silver weighs 350 pounds. $100,000 worth of silver weighs over 1000 pound. One million dollars' worth of silver bullion weighs almost 6 tons. Where does an individual or institutional investor store tons of metal? Certainly, not in their home or office.

Because of the logistical difficulties of converting money into silver metal, investors have been forced to employ various silver storage mechanisms. In principle, there is nothing wrong with this. There are several legitimate, safe and low-cost storage methods available to investors. There are several others, in my opinion, that are not as legitimate. Generally, if you're paying for real silver, you should insist on getting real silver. That means knowing where the silver is held and getting the serial numbers (if held in bars). If you are holding silver that you have paid for and you don't have the serial numbers of the bars (1000 oz bars), you should investigate. If you are not paying customary storage and insurance charges, don't assume you are getting a bargain - assume there are no storage charges because there is no real silver being stored.

There are many forms of paper silver where the real silver does not exist to back up the paper. These forms would include pool accounts, leveraged accounts and bank silver certificates. Like futures contracts, they are a convenient and low cost way of playing silver. However, there are important and critical differences between these forms of silver and owning silver that you know exists. In essence, in pool accounts and bank silver certificates, you are making two bets - one, that silver goes up and two, that the party backing the pool account or certificate is good for the silver. In other words, in buying pool accounts or bank certificates, you are taking on additional exposure as to the future creditworthiness of the issuer.

The purpose of this section is not whether holders of pool accounts or silver bank certificates will suffer in a silver price explosion, although that threat is real, in my opinion. For the moment, I will assume there will be no default, and concentrate on the impact on price that these forms of silver could exert in the future. These accounts offer cheaper commissions and storage fees (since there is no real silver backing.) Likewise, since many investors have purchased their silver, over the years, in these forms, there is a tremendous amount of these pool accounts and certificates in existence, particularly by Swiss banks.
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I would estimate that there is well over a billion ounces of silver held in this form, perhaps by Swiss banks alone. After all, a billion ounces of silver, at the average price for the past 15 or more years is still only $5 billion. This is a very tiny fraction (way, way less than 1%) of total bank assets and other types of investment portfolios. This billion ounces of silver in bank certificate form is separate and distinct from, and in addition to futures and leasing short positions. It is another unique and important reason as to why we could have a historical blow off in the price of silver.

Since there is no real silver backing to pool, unallocated and silver bank certificate issuance's, the issuers have use of "free" money, which is highly profitable to them as long as silver doesn't move up in price. But when silver moves up decisively, the issuers are, in essence, holding a short position. If there are more than a billion ounces of these certificates and other unbacked paper silver forms in existence, that means that the issuers collectively lose more than a billion dollars for every dollar an ounce that silver climbs. At some point, with a high price of silver, the issuers could panic and look to limit losses. Not necessarily at $8 or $10, but certainly at $20. What’s the only way for them to limit their losses? Buy silver. This is another reason for an epic bubble price and it is also unique to silver.

5. Depletion of World Government Silver Inventories

Over the years we’ve seen systematic and persistent sell offs of world government stockpiles of silver, especially by the US, the largest former historical holder of silver. That means there is very little, or no real silver left that is available to dump on the market in case of a price emergency to the upside. Unlike gold, which world governments can still sell, they can't sell silver to contain a price rise, even if they wanted to. This is true for the first time in history. Never before have the government silver coffers been so bare. If the government fire trucks are called to put out a fire in the silver price, there won’t be any water to pump. This may not be a reason for silver to explode, in and of itself, but it certainly is a reason to expect that a silver rise will have to burn itself out, and will not be easily put out. In fact, given my observations for how governments react, it would not be terribly surprising to see some governments buying silver at exceptionally high prices, now that they have none left. They would finally realize just how vital and strategic this material is.

With government stockpiles exhausted, the only legitimate sellers of inventory will be those individuals who had the foresight to buy real silver in the first place. And these sellers, according to all free market principles, will be striving to get the highest price possible for their property, not seeking to cap the price rise. I am not saying to hold all your silver until it reaches $200, or $500, or $1000 an ounce, although those prices may be achieved. I am trying to explain what I see as valid conditions that may result in those price levels being hit. Any one of the reasons I mention could result in the price of silver hitting levels that will be talked about forever. Amazingly, all could kick in simultaneously. These conditions are peculiar and unique to silver. They don’t exist in any other commodity, nor have they ever.

6. Too Much Money, Too Many People, Too Little Metal

Because of the long-term structural deficit in silver, stretching back to World War II, we have consumed inventories for more than 60 years. Inventory data suggests that we have consumed over 95% of the world silver inventories in that time, some 10 billion ounces in total. This means that world silver inventories are at the lowest levels in hundreds of years. To make the point more graphically, if you use cumulative world production data, and subtract a generous one billion ounce total (known and unknown) remaining silver inventory (no one has been able to document more than 150 million ounces in known silver bullion inventory), we have the smallest amount of aboveground silver than at any time since 1300 AD I'm not making this up - there is less above ground silver bullion equivalent today than at any time in the past 700 years.

How can this be? Simple, up until the past 50 to 100 years, we never used silver for anything but for jewelry, utensils, coinage and investment. It was just like gold. Then came modern technologies that made use of silver in a wide variety of applications. We still use silver for jewelry, but its use in utensil and coinage has fallen off. Meanwhile, it has grown for photography, light and heat transfers, electrical, electronics, catalysts and medicine. The cumulative silver production of thousands of years was consumed in less than a hundred years in vital uses which benefited mankind. The accumulated world silver inventory is gone at precisely the time of greatest demand in history.

Against the disappearance of the world's silver inventories, we have the largest amount of people, money and credit in history while the supply of available silver shrinks. There is more money and buying power. This is reshaping Asia and other countries and it means more demand for silver.

If someone like Bunker Hunt or Warren Buffett goes to buy a chunk of silver, there's going to be a big problem. There isn't enough silver. This is a problem unique to silver that must grow worse. Compared to silver, there is plenty of gold, bonds and stocks and real estate. One buyer doesn't cause problems in those markets, only in silver. It's a problem that, at some point, can launch the silver price to the heavens.

Against the backdrop of potential powerful buying waves emerging for silver, please consider where the selling will come from. It’s unlikely we will see a new group of short sellers. So we are left to the law of supply and demand. That means more production and private inventory liquidation as a result of higher prices. It also means less consumption. But those things take time and extremely high prices. The one thing you don't have in a buying panic is the luxury of time. We’re not discussing what the long-term equilibrium and free market balancing price for silver will be, but rather what insane temporary price peak can we hit before an inevitable collapse. Almost 25 years ago, we hit the then-insane price of $50. Although that price lasted for only hours, literally a nanosecond in the price history of silver, it is the price that bulls and bears talk about decades later.
Article cont' Source

Peter Schiff Gold to go to $10,000oz

2010-10-04T23:43:00.000-07:00

Peter Schiff whacks the fiat currency idiots real good at CNBC. Printing press economics is sending goal to the moon. The likelihood of an economic recovery is as likely as an elephant sprouting wings.

Gold at $10,000oz then you got Silver @ $500oz minimum.
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The world is running out of silver, big opportunity

2010-10-04T22:30:00.000-07:00

China to wipe out world Silver supply as prosperity increases. There are so many variables that can send Silver to the moon such as One Trump getting a Silver fetish. One billionaire can corner the Silver market by sneezing. Only $80 million dollars of one Wall street trader or one Ron Paul billionaire can wipe out the whole Silver bullion market. Paul Bea- Monex 800-949-4653 x2172 Kevin from Goldmoneybill.org as referral. to support the message of Gold and Silver as money.

Creature from Jekyll Island- History of Gold and Silver in the US as Money.

The Silver Market is Extremely Undervalued, huge upside potential! Jason Hommel

2010-10-04T22:11:00.000-07:00

Another argument for the massive potential upswing in the price of silver to multiples of 50x. There is less than 1% of the masses that actually have Silver. It is the future money and safe-haven of the common man.

There will be more Silver millionaires here in America than anywhere else in the world. Take advantage of the early movement back to the Gold and Silver standard. As an American patriot, you have inside knowledge for the explosion in the price of Silver. 1000oz in the near future may make you a millionaire.
Paul Bea Monex- 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as referral. 100oz min.

Apmex- for small purchases.

Silver Eventually More Rare than Gold

2010-10-04T21:51:00.000-07:00

Silver is eventually going to be more rare than Gold. The non-recoverable industrial use is making Silver rarer from year to year as usage in cellphones, military weapons and Flat screen TV's consume more than is mined compared to Gold which is not used in industrial applications. Eventually supplies of Silver will reach a 1-1 ratio with Gold. At that point Silver will reach par value with Gold. So the price of Silver @ $22oz is a ridiculous bargain. You should be running right now to buy as much Silver bullion as possible. Paul Bea Monex 800-949-4653 x2172 Referral Kevin from Goldmoneybill.org

Colloidal Silver- Great for colds and flu's nature's anti-biotic

Bill Murphy of GATA Reveals Whistle-Blower in Gold And Silver Price Supression

2010-10-04T21:29:00.000-07:00

This is simply more evidence that the Silver and Gold price fixing are ultimately going to be stopped. When that happens watch how the physical prices of Silver and Gold bullion disconnect from the Spot price which is leveraged 100-1 by JP Morgan and HSBC.
You ultimately could see Gold well over $5000oz and Silver at $250 or more.

The purchasing of Silver bullion specifically accelerates the pressure to expose the fraud on the paper side as the Silver supplies dry up from the public snapping up the remaining Silver bullion. We are headed to massive delays in delivery of Silver Eagles and private rounds over the next few months as the sales of bullion have again set an all-time record of over 32 million oz for U.S. Eagles smashing last years record of 29 million oz. Paul Bea @ Monex is my personal Rep for Silver and Gold. 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as a referral. This will help support the maintenance of the website.

Obama Attempting to Make Gold Purchase a Taxable Event

2010-10-04T14:32:00.000-07:00

This is a massive unconstitutional statue that Foreign born Obama has tried to define a Gold purchase as a taxable event. Gold is money and is not an investment. The purchase of gold creates no wealth, simply functions as a tourniquet against the theft of wealth by the federal reserve with their paper currency monopoly machine.

Jeff Lewis Market Oracle
The 1099 reform in the health care bill passed by Congress and signed by the President has turned the physical gold market upside down. Under the new law, gold buyers and sellers will have to fill out a 1099 on each side of the transaction if the sales price is greater than $600. As a result, many investors who have been buying gold as an anonymous way to protect their wealth are now feeling the heat.

The Economics of the 1099

Just months after passage, the Senate has already moved to remove the 1099 requirement from the health care bill in an effort to reduce transaction and accounting costs for small businesses. With many companies processing far larger orders than $600 on a near daily basis, it is certain that new regulation will prove to be time consuming and costly.

Just today, the Wall Street Journal reported that in 2008, regulations cost businesses more than $1.7 trillion. This new regulation, one which virtually no business can avoid, will only add billions of dollars in additional regulation costs to an already burdened American economy.

However, what really matters here is that this new provision will be far more devastating to local gold and silver suppliers. These small businesses rely on volume to make a profit, with the spread between buy and sell prices often little more than a few percentage points. For a small coin shop to cover rent, utilities and other fixed expenses of $5,000 per month, it would have to sell as much as $100,000 in gold and silver to pay the bills. Add on regulatory costs, the time required to fill out each 1099, and the drop in investment after the bill passes, and what you have is an industry that has to sell even more product as its buyers run away scared.

Silver is the key to destroying the Fed. Every purchase of a silver bullion coin is like whacking a banker in the head with Louisville slugger. Paul Bea @ Monex is the guy. 800-949-4653 x2172 100oz min. Use Kevin from UScivilflags.org as referral.

U.S. Eagles Sales hit over 25 Million for the Year.

2010-10-02T16:49:00.000-07:00

The United States Mint has officially raised their wholesale pricing above spot on American Silver Eagles to all authorized dealers from $1.50 to $2.00, an increase of a whopping 33%. This price raise is most likely an attempt to cool off U.S. Eagles sales to prevent the Mint from halting production.
This news comes on the heels of a significant silver spot price rally over the last month to a new thirty year record over $22 per ounce. The impact of this news is significant and has already affected dealer pricing across the country within hours, as prices on Silver American Eagles have jumped over $0.50/oz industry wide.
The year 2010 will go down as a record year for Silver Eagle sales, as the United States Mint has already sold more than 25 million coins year-to-date. See chart below:
2010 Silver Eagle Sales
January 3,592,500
February2,050,000
March 3,381,000
April 2,507,500
May 3,636,500
June 3,001,000
July 2,981,000
August 2,451,000
September1,880,000
Total 25,480,500

This development comes only two days after the US Mint announced it had sold out of 2010 gold American Buffalo and would cease production for the remainder of the year.
Source

Tarek Saab is a former finalist on NBC's "The Apprentice" with Donald Trump. He is an international speaker, syndicated author, entrepreneur, and a managing partner at Trusted Bullion

Apmex- Low cost Silver retailer.

The Argument For The Gold Standard

2010-09-30T23:49:00.000-07:00

A nice little video advocating the Gold standard, part of the re-education process of the American public.

Crashmaker- A novel about a libertarian winning the Presidency. A patriot primer as a novel.

History Of Money and Banking End the Fed

2010-09-30T17:33:00.001-07:00

A nice clip about the history of money in the United States and the control of the currency by the Rothschild banking family. Silver is the achilles heel of the bankers and is well within range of the commoner to End the Fed by buying up the existing supply of the metal. Apmex is a safe low-cost retailer for Silver Bullion in physical form.

Goldmoneybill.org

Ron Paul on the Gold Standard

2010-09-30T17:11:00.000-07:00

If I was a betting man and I am. Ron Paul will be the next President; either as an interim one or as the candidate elect in 2012. The origin of the Tea Party is Ron Paul, not Sarah Palin. He has the Jihad behind him, not her. Wait till you see the magic that they will create for the next election. The first Internet President.

Get your Silver here, extra extra. Silver to go through that glass ceiling that Hillary likes to talk so much about..

Goldmoneybill- Educating the masses about Sound Money..

Secret Gold in the Grand Canyon

2010-09-30T13:16:00.000-07:00

MacKenna's Gold starring Gregory Peck and Omar Shariff alludes to secret Gold stashed in the Grand Canyon. Hollywood often communicates the truth through story. If you want to know what is happening in the battle between secret societies than you need to watch some film! Bix Weir of Roadtoroota.com claims that the U.S. government has nationalized the parks to protect the Gold hordes to be taken out at a later date, when the Fed is dead and we return to Gold/Silver backed money. That time is now as the signs are all their. Germany is paying off their World War I debt on Sunday. The Treasury can pay off the Fed with a similar paltry amount.

The U.S. CivilFlag may be the flag of the newly restored Republic and Ron Paul may be the President. Stay tuned for more cool shit. Buy Silver if you want to support the return of a Constitutionally based Government. Silver is the achilles heel to expose the paper fraud in the metal markets.

Gold and Silver Conspiracy Story Bix Weir

2010-09-29T12:47:00.000-07:00

Bix Weir is my favorite writer on Gold and Silver. He does incredible amount of research and then combines it with an insightful fertile mind. This is not some sterile academic approach, but combining intuition with research through the reading of occult symbolism of the money changers.

My story begins, like most monetary stories, in 1913 with the creation of the Federal Reserve Bank in the United States and when gold and silver were still the most valued monetary assets in the world. I'll leave out all the prior bank monetary manipulations although there had been many minor ones prior to 1913. As was outlined by G. Edward Griffin in "The Creature From Jekyll Island", the monetary power of the United States of America was literally stolen from the people and handed over to a group of powerful European banking families and is still under their control to this day. They run their US operations under the auspice of the Federal Reserve Act. Of course there is nothing "Federal" about the US Federal Reserve in that it is not part of our government and there are no "Reserves" to speak of other than the right to create the US Dollar out of thin air. Although their mandate is to "create price stability" over the past 100 years that they have been in charge of the US Dollar it has lost over 98% of its value which is a hidden inflation tax on the citizens of the United States and the world.

You likely already know all this but the manipulations and conspiracies that surround gold and silver over the past 100 years are not merely urban legends but many are grounded in FACT as exposed by the Gold Anti Trust Action Committee (www.GATA.org). Now I must admit that I have been involved with GATA for quite some time and more often than not my article submissions are shot down for being too conspiratorial or lacking of proof. I understand Bill Murphy and Chris Powell's reluctance to publish anything that may threaten the credibility they have worked tirelessly to build over the years...but that doesn't mean I'm not right!

On with the story...

The beginnings of large scale physical gold manipulations come from an incredible gold discovery that is almost too wild to believe...until you check the facts. After WWII a vast gold hoard (mostly stolen from other Asian countries) held by the Treasury of Japan was discovered hidden in the Philippines by a staff member of General Charles Willoughby who was General MacArthur's Chief of Intelligence.(1) This gold was hidden in over 175 sites across the Philippine Islands and it has been reported from many sources that the treasure may have been more than 300,000 tons of gold and other treasures. Over the years this gold has been used as the main source of covert funding by the US and Western intelligence agencies to manipulate markets, overthrow governments and enrich the personal coffers of those who have been charged with administering it. This treasure has been known by many names including Yamashita's Treasure, The Golden Lily Treasure, The Black Eagle Fund and many other off shoots. This amazing revelation became known to the public with the 2003 release of the book Gold Warriors: America's Secret Recovery of Yamashita's Gold written by Sterling and Peggy Seagrave.(2) Given that the total amount of gold ever mined in the world is estimated to be only about 160,000 tons, this gold discovery created both a blessing and a curse for the United States over the years.

The announcement of this gold find in the 1940's would have crushed the value of monetary gold around the world, and since the US Government was the largest holder of monetary gold, it would have significantly devalued our sacred Constitutional money. There also would be many claims from other Asian countries that the gold belonged to them thus upsetting the balance of power and wealth in the region. The US decided to keep this treasure a secret and what grew from this treasure trove was a twisted, deceitful and corrupt secret cabal of insiders that literally believed they ruled the world. Every US President since Truman has known about this secret treasure and the organizations that grew up around it. The institutions that were involved with this treasure are vast and powerful including JP Morgan, Citigroup, AIG, the World Bank, Morgan Stanley and the list goes on and on. Washington power players from the early days of Bill Donovan and Edward Casey to modern times with the Bushes and Dick Cheney have used this treasure trove to advance their agendas. Today they are known as "The Enterprise" and are now the evil step child of the United States that no one dare speak of.

From the end of WWII until the early 2000's this group has worked in the shadows and went virtually unnoticed implementing covert policies on unsuspecting counties around the world. In addition to advancing their national agendas they also were corrupted by the wealth that the treasure provided lining their own pockets along the way. Much of this operation was run out of the NSA and CIA through programs discussed in John Perkins book "Confessions of an Economic Hitman"(3). Since the publication of this book many EHM's have come out of the shadows to tell their stories.
Apmex-Silver retailer
Through all this madness the Federal Reserve Bank was for the most part run by people who were not part of the banking cabal and actually had the best interest of the United States in mind. Many of them knew of the dark side of their banking lineage but I believe many were not part of the banking cabal -- at least not at first. One of the most honest of the Fed Chairmen was Arthur Burns who was a very strong advocate of the Gold Standard in his early days and also just happened to be the mentor to a brilliant young economist named Alan Greenspan.(4) To this day this frame of the Wishes and Rainbows comic released by the Federal Reserve Bank of Boston shines like a beacon of hope that someday this cabal of bankers will be defeated.
RoadtoRoota-Source

USCivilflags- The new flag of the restored Republic.

Weimar Republic Hyper-Inflation: Money as Wallpaper

2010-09-29T00:05:00.000-07:00

Remember these are Germans, really smart germans that make the best cars,trains that run on-time and never carry debt. If it happened in Germany, it will definetly happen here. Look at these images of money being used as fuel and just imagine dollars going into a furnace. Silver is your saving grace in bullion form.

Ron Paul Explains Hyper-Inflation

2010-09-28T23:58:00.000-07:00

The warning of Ron Paul, how destruction of the currency can lead to fascism in the United States. How to protect yourself? Silver bullion.

Ron Paul had a hand in the creation of the Gold money bill.

U.S. Civilflag- The flag of the Restored American Republic.

Weimar Republic is Coming! Hyperinflation Is Around The Bend

2010-09-28T23:49:00.000-07:00

The only way to stop this is to buy Silver. We are about to return to a gold standard and their will be a currency devaluation. You can capitalize on this opportunity by buying physical Silver bullion.

U.S. Civilflag- The flag of the Restored Dejure American Government

Historical Silver to Gold Ratio Ranges from 11-1 to 93-1

2010-09-28T22:55:00.000-07:00

This video is a great teaching tool to break the spell of fiat currencies.Invest in physical bullion today and you will be a millionaire in 18 months. 1000oz of Silver will be worth over $1000oz.

U.S. Civilflag- The Sovereign flag of the New Republic

Dr. Edwin Vieira on the Transfer of Wealth

2010-09-28T21:15:00.000-07:00

Dr. Vieira is the writer of the Goldmoneybill for state currencies backed by Gold and Silver.

Apmex- low-cost Silver retailer for U.S. Eagles, take possesion of Silver before the imminent currency devaluation.

Melt The Wicked Witch: Sell Your Gold Now!

2010-09-20T21:50:00.000-07:00

Now Bix Weir is my favorite writer on Gold and Silver and I follow his advice religiously. Yes, I drink his Koolaid. My only regret is I can't mortgage my house to buy more Silver, probably due to the fact that I do not own a home.

Bix Weir- Road to Roota
Attention GOLD Investors:

What would you do to take down the Gold market riggers? What would you sacrifice? How hard would you work if you KNEW that the culmination of your effort would end the long term manipulation of gold? As for me, I am very tired of fighting the Gold Cabal, but I am also tired of watching all that I love about my country get washed out to sea by the Manmade Monsoon of Market Manipulation that is currently sloshing over the United States of America.

Let's Finish This Thing!
Apmex- Reliable and inexpensive Silver retailer.
I'm going to say it flat out...SELL ALL YOUR GOLD INVESTMENTS NOW AND BUY PHYSICAL SILVER! This is not a joke and don't get me wrong, I am the biggest "gold bug" you've ever meet, but it is time we ended their evil game. The Cabal has shown their Achilles Heel over the past few years and it is not gold but the depletion of physical Silver available for delivery that will ultimately lead to their demise. Many of us figured out long ago that physical Silver will likely run out before physical gold simply due to the tiny size of the Silver market compared to Gold, but most of us have not ACTED on this knowledge to accelerate the demise of the Gold Cabal due to our affinity for Gold and all that Gold represents... sound/honest money, freedom, liberty and justice for all!

Recently, I have been thinking a lot about Gold as money and why I personally believe that Gold is the best form of hard money. Why not Silver or platinum or copper or zinc? I must admit that most of my knowledge on this subject comes from the writings of other people. I have read hundreds of books and articles by brilliant economists, sound money advocates and other monetary philosophers who have dedicated their lives to the study of monetary theory. I am truly amazed at the vast amount of intellectual capital that has gone into the analysis of Gold as money with each monetary thinker building upon the knowledge passed down by others through the ages.

But What do I Think?

If I had no idea about monetary theory and history, what would my conclusions be? How have these writings influenced my affinity towards gold as opposed to other hard metals? Is it possible to NOT be influenced by information passed down over the years and clear my mind enough to use my own cognitive reasoning on this subject?

This is what I have been pondering over the past few years and my conclusions have shaken me to my Gold Bug foundations! Although the facts and fundamentals of gold as the best form of hard money may have been true 50 years ago, the world of Gold and Silver has changed dramatically since then such that now SILVER is hands down the best hard money investment compared to all other metals....even GOLD!

The Facts
Apmex Silver retailer
The following is a list of facts and reasons to switch all your Gold investments into Physical Silver:

1) Due to the tiny size of the Silver market and the lack of physical Silver available to the manipulators, the Silver battle is much easier to win than Gold. Ted Butler's discovery of massive Silver market manipulation should highlight the size, scope and importance of Silver to the current financial crisis.

2) Central banks have NO physical Silver to assist in the manipulation of the Silver market but they still have a lot of physical Gold (although much less than they claim).

3) The majority of Silver mined every year is consumed as an industrial metal in very small amounts and will never return to the market whereas the amount of above ground Gold grows year after year.

4) Silver has developed, due to its low price and superior physical properties, into a vital and necessary industrial commodity that makes it mandatory for modern life. If we woke up tomorrow and gold vanished from the face of the earth, life would continue pretty much as it was the day before. Without silver, modern life would change.

5) Due to the relative very low price of silver and very high price of gold, the man in the street, around the world, is in a position to buy silver in much greater quantities than gold.

6) In various forms there is an estimated 5B oz of above ground Gold and 5B oz of above ground Silver but Gold trades at $1300/oz and Silver trades for only $21/oz. Both metal prices are obviously manipulated but Silver appears to be manipulated more. As for Silver bullion that is "in play" for the manipulators, I estimate that less than 500M oz remain with a current market value less than $11B.

7) Silver has been in a supply deficit for over 50 years! Governments held approximately 10B oz of silver in 1950 and have been supplying that physical stock steadily into the market. Today there is no more of that surplus silver left to sell.

8) At current Silver consumption rates there are only 16 years of known Silver reserves remaining in the world. AFTER THAT SILVER WILL BE GONE FOREVER! Think about it.

9) Demand for Silver is "inelastic" in its industrial applications because it is used in such small quantities per application. An increase in price does not translate into a decrease in consumption.

10) The COMEX Silver short position is the largest concentrated short position of any commodity, on any exchange in the history of financial markets.

11) Throughout human monetary history the Silver to Gold ratio hovered in the 10-1 range until the invention of futures and options trading in metals. After the massive manipulation maneuvers by the Banking Cabal the silver-gold ratio now stands at over 62-1.

12) The US Dollar as defined in the Coinage Act of 1792 is Silver, not Gold, and contains "three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver."

13) Silver is massively under reported in the media vs. Gold. Even Jim Rogers, the commodity guru, purposefully ignores Silver entirely in his best selling book "Hot Commodities" even though Silver exceeds all other commodities using his metrics on what makes a strong commodity.

14) Very few investors have physical Silver in their possession. Reasoning: because they claim it is "too hard to store". Does that mean when Silver trades at over $1,000 oz people will be more willing to buy and store physical Silver? It is difficult to make up a more bullish argument to take delivery and store physical Silver TODAY...when the Cabal price rigging scam finally fails you can always buy your own Fort Knox to store all that pesky Silver you bought!

15) Gold's strong fundamentals are only exceeded by Silver's so when the gold manipulation stops and the Gold price takes off investors will be looking for the next under-priced investment with similar characteristics.

16) 470M oz of Silver owned by the US Treasury and used in the Manhattan Project for the construction of the atom bomb have all been melted down and sold into the physical market to support the "Strong Dollar Policy"

The Great Silver Mystery...REVEALED!

17) Silver mineral deposits, as opposed to Gold, are usually very shallow in the earth's crust due to the nature of the geology so most of the large deposits of Silver have probably already been found and/or already mined limiting future discoveries.

18) There is a significant problem with counterfeit Gold coins and bars because of its high price. Silver coins and small bars have not, to date, had as much of a counterfeiting issue because its price did not justify the effort. (although there is a problem with counterfeit Silver jewelry which may significantly suppress Silver scrap recovery in the future...oddly bullish by-product of counterfeiting Silver!)

19) The total dollar value of the Silver market is a fraction of the total dollar value of the Gold market.

20) Most flat screen televisions use Silver in their internal electronics/screens and the US transfer from analog to digital signals has increased the demand for flat screen TV's.

21) Retail physical shortages of Silver are already beginning to appear around the world. The list of announced delays/curtailment by Government owned Mints now includes EVERY MAJOR SILVER COIN PRODUCING COUNTRY IN THE WORLD!

22) Hedge funds are bleeding from the credit crunch and they are looking for ways to save themselves. A single hedge fund can scoop up the remaining physical Silver and blow the price sky high.

23) In the US, Gold confiscation laws are still on the books but there are currently no silver confiscation laws.

24) As of late 2010 the Gold price gold is hovering around $1,300 or 150% of its historical high. Silver, on the other hand, is hovering around $21 or 42% of it's historical high suggesting that Silver has a long way still to go.

25) Un-backed paper Silver programs such as silver certificates and unallocated pooled accounts are the "industry standard" these days and will be scrambling for metal when redemptions are called in by the investors. The most egregious example of fractional reserve silver is the iShares Silver ETF (SLV).

26) In the past few years the massive global money creation by central banks around the world has created huge reservoirs of cash sloshing around the asset markets looking for a safe haven. Although most mainstream press have discussed Gold as being a likely bucket to fill with this monetary firehouse, SILVER has all the same monetary metal properties as Gold except the Silver market is SO small it would be like FILLING A DIXIE CUP WITH THE FIREHOUSE!

27) The CFTC still has an open investigation into the manipulation of the SILVER market that is being conducted not by their investigative division but by the CFTC "Enforcement Division". Although the final conclusions have been purposefully delayed by the CFTC, the final outcome may finally be the END OF THE 50 YEAR MANIPULATION OF THE SILVER MARKET!

28) During the CFTC hearing on metal position limits, GATA announced that a whistleblower has come forward with specific proof that JP Morgan was rigging the silver market. The next day he and his wife were rammed in their car in an attempted murder. The suspect was caught but the police are not giving out any information about the suspect or others that were involved.

29) The growth of emerging economies in Asia will require more and more industrial silver to build out their electric infrastructure and provide a higher standard of living for their middle class. In a global market that has been in a silver supply deficit for years a silver bidding war will result in order to obtain the significant amounts of silver needed.

30) The truth about gold and silver price manipulation is spreading like wildfire throughout the world with the help of the internet such that the Banksters "shabby secret" is no longer a secret.

31) The US Dollar has run it's course as the world's reserve currency. The entire global financial markets know this and are positioning themselves accordingly. The "Dollar End Game" for the United States has never been to transfer economic power to Eastern countries as the dollar dies but rather crash the global markets and start fresh with a new domestically centered economic model. That transition is upon us:

Well, now do you think SILVER is both more important and a better investment than your gold?
Hopefully, that's enough pro-Silver data to convince you to make the switch.

What About Gold?

There are some pro-Gold items which, in fairness, should be weighed against all the pro-Silver arguments:

1) Gold does not tarnish. (That's nice but hardly a reason not to make the switch)

2) Gold is promoted and perceived by the world as the "Greatest Monetary Metal"....at least for now!

Not to be "anti-gold" but from my calculations there is 10x the amount of physical gold in the world regardless of what the "mainstream gold media" claims...meaning there is OVER 1 MILLION TONS OF PHYSICAL GOLD!

Golden Secrets

Also, my calculations on silver estimate that there is 10x LESS silver in the world because of all the potentially phony physical silver ETF bars out there...

Silver "Moly-Bars"

Don't worry about Gold....really. Gold, like Silver, will find its rightful place in a freely traded market. It should take less than a few $Billion of physical Silver purchases to buy up all of the available Silver bullion, and that would only mean switching out of about 200 tons of Gold on a physical basis. 200 tons would not significantly damage the price of gold. Now $10B removed from GLD/SLV, Gold/Silver Pooled Accounts, Gold/Silver mining stocks, etc. would be much better for the price of Gold and should not cause any permanent damage to the gold investment community. As a matter of fact, can you think of anything more positive for the price of gold and gold investments than the destruction of the Banking Cabal?!

So what should be the true price of Silver today?

I don't know but I do know that the price quoted on the COMEX and LME are not even close to silver's "Fair Market Value". It makes more sense to me to estimate the true price of Silver in relation to another "Monetary Commodity" such as Gold since gold is currently "perceived" as the best monetary metal.

* Based on my estimates of total above and below ground Silver (17Boz) and Gold (8Boz) the Silver/Gold Ratio should be 2.1-1. With Gold trading at $1,300/oz Silver should be trading at $619/oz or is 29X UNDERVALUED!

* Based on my estimates of total above ground Silver (5Boz) and Gold (5Boz) the Silver/Gold Ratio should be 1-1. With Gold trading at $1,300/oz Silver should be trading at $1,300/oz or is 62X UNDERVALUED!

* Based on my estimates of total monetary bullion above ground Silver (1Boz) and Gold (3Boz) the Silver/Gold Ratio should be 1-3. With Gold trading at $1,300/oz Silver should be trading at $3,900/oz or is 186X UNDERVALUED!

Of course all this is predicated on the assumption that gold is fairly valued at $1,300oz today which almost everyone agrees is a joke. Since the USA holds a little over 8,100 tons of gold in reserve (supposedly) it is logical to assume that Gold will back the US dollar when the fiat money system fails (not hard to imagine the failure of the US dollar). With the US M3 money supply currently estimated to be in the $14 Trillion dollar range, the price of a redeemable gold backed US dollar would be about $54,000/oz IF the US stopped printing dollars today.

The $54,000/oz Monetary Gold price would put the value of monetary above ground Silver bullion, as analyzed in the last bullet point above, at....

.... $162,000 per oz!
Sovereign Flag of America!
Crazy, I know, but it really doesn't end there!

Based on the FACT that Silver is being consumed 120% faster than it is currently being mined/produced and the Gold above ground supplies are growing at 2% per annum the Silver/Gold Ratio Formula should be [(Above Ground Silver)(80%) to (Above Ground Gold)(102%)]. With Gold trading at a massively manipulated low price of $1,300oz, Silver should be approaching INFINITY AND IS INFINITY(X) UNDERVALUED!

Wow....chilling conclusions...have you traded your Gold for Silver yet?

Dear Billionaires of the World: Silver

2010-09-09T18:12:00.000-07:00

Yes, The silver market in physical bullion possesion is about to explode. JP Morgan is closing it's trading desk where the majority of the Silver manipulation has been taking place. Look for prices to skyrocket over $50 signaling the beginning of the bull market correction.
Apmex- The most reliable Silver retailer.

(The Silver Market is a tiny $1.9 billion)

Silver Stock Report

by Jason Hommel, September 2nd, 2010

It is too late for any of you, personally, to buy much silver below $20 per ounce.

While silver prices languished at about $5/oz. for almost two decades until about 2001, it's now too late for you to buy much, if any, silver below $20/oz. Did your personal wealth increase that much in the last decade like silver prices did? I don't think any billionaire in the world matched or exceeded that performance.

The silver market is very tiny, and thus prices are still potentially very explosive--especially if one of the 1000 billionaires in the world tried to buy any. The potential for future gains far exceed what has happened in the last ten years.

Only a tiny $1.9 billion dollars worth of silver per year is bought for investment; most of that is purchased in the USA, that's about 100 million troy ounces of silver, at $19/oz. Of that, nearly 40 million ounces of silver per year are being produced by the US Mint in the form of 1 oz. Silver Eagles.

I've been writing about silver for ten years, sharing and learning silver market information, with 80,000 readers. You can review any of my articles online at www.silverstockreport.com. Here's what you should know about silver:

World silver mines produce about 650 million oz. of silver, worth, at $20/oz., about $13 billion. More than that is consumed by industry, jewelry, photography, with the difference being met by recycling.

But investors are buying more than selling now. The people who produce the statistics call that a "surplus", but that's a white lie. As there's really not nearly enough silver to satisfy all the people who may wish to protect the value of their paper money, or other assets.

With "money in the banks" being only a small fraction of potential assets that could be converted into silver assets, and with money in the banks headed towards about $18 trillion, only about 1% of 1% of US paper money is buying silver in a year.

That means that by the time 1% of US Paper money tries to buy silver, then investment demand would be 100 times higher than it is today, and that $180 billion would try to buy into a $13 billion market, which could push silver prices well over $200/oz.

This is an understatement, as all the paper money in the world could conceivably buy all the silver and gold in the world.

I urge you, or your staff, to do further research into the facts about silver that I've shared with you.

It is my opinion that the purchase of silver is a race, given where prices are going. The race has started, and the billionaires of the world are not yet on board.
WARNING:

The BIS, the Bank of International Settlements, has produced a report showing that the world banks have $200 billion in notional value of silver derivatives. This increased from $100 billion, in a span of 6 months. Question! Where did they get $100 billion of silver to sell, when the world only produced about $10 billion of silver per year? Hint: They didn't. The notional value of their silver derivatives is a short position! The big banks OWE $200 billion worth of silver, on paper, to investors who have not yet asked for delivery. Besides paper money, this is the world's biggest ongoing fraud.

Thus, you should avoid buying the Silver ETF's, avoid buying any futures contracts, avoid buying silver, even "allocated" silver from any LBMA member bank, and stick only with buying real bars of silver from refineries or wholesalers.

The Silver SlingShot Bix Weir

2010-09-02T16:54:00.000-07:00

We are on the verge of the greatest bull run in any commodity ever. Silver could be set to run 10X current price. Apmex is the most cost-effective supplier on the web.

The amount of information on silver as an investment being analyzed and discussed lately has been astonishing. I remember only a few years ago that it was only the likes of Ted Butler, David Morgan and Jason Hommel that ever promoted the amazing investment opportunity that silver represented. Now there are literally hundreds of "pro-silver analysts" out there talking about the supply/demand deficit, COMEX Commitment of Traders Report, fraudulent Silver ETFs and the dual role of silver as both an industrial metal and monetary metal. I LOVE IT!

Of course having so many eyes on the silver market you would expect that all the bullish silver angles have been addressed, investigated and exposed but I have found over the years that there are always some bullish factors hidden in the mysterious world of silver investing that explode into the consciousness of the market at the oddest time compounding the reason for silver to rapidly rise in price. Ted Butler has exposed the most of the bullish silver discoveries in his studies of silver spanning many decades, but that does not preclude the little guys out there from exposing a new idea/discovery that further promotes the silver cause.

Today we are on the threshold of something so large in the silver world that it will astound every man, woman and child on the planet…even the silver bugs! In my second Road to Roota article Greenspan's Golden Secret I discussed the plan by Alan Greenspan and friends to destroy the entire monetary system in a one time Creative Destruction Event. Read this article to understand what that means.
Greenspan's Golden Secret
If you open your eyes long enough to see past the monetary smoke and mirrors these days you can tell it is happening as we speak. We are down to the end days for the fiat monetary system with the implosion being dragged on since September of 2008 and very soon to come to a climax.

So what will happen to silver? Glad you asked!

There are many silver enthusiasts out there today with vast amounts of money sloshing around in "silver related" investments such as silver derivatives ($111B as per the BIS), silver ETF's ($5B+ most in SLV), silver mining companies (est $8B by JH), silver certificates ($10B… my own estimate), silver futures and options (unknown billions) etc., etc.

This is about $150B+ worth of silver investments that really have NOT positively affected the price of physical silver since no silver was actually purchased. At least half of this money has negatively suppressed the price of silver by selling silver derivatives with no physical backing at all. Even mining share investments. Think about it. Your silver mining company investment helps capitalizes mining companies to create more physical silver adding to the supply where that money could have gone directly into physical silver decreasing the supply!

I see these people as "knowledgeable silver investors" who know the story but chose to believe that the system will stay in tact such that they will have time to obtain the reward for their investment when silver rises in price….that will be their big mistake when the final hammer falls.

This is where I see a NEW Silver Slingshot effect for silver.

Although greed is a great psychological force that can drive markets up, fear is by far the ultimate motivator in any investment mania. Trying to "stop the bleeding" on investment losses is like trying to catch a Samurai Sword dropped from the top Empire State Building! When we have the Creative Destruction event I doubt the $150B in "silver related" investments will ever pay off because of all the risk/credit layers between you and your silver. Imagine the chaos when we have total banking failure, total brokerage house failure, total exchange failure, total 401k failure, etc. How will those "investments" ever pay off with all those levels of credit risk and defaulted entities between the investor and his silver rewards? Will mining company stocks still be traded without the DTCC or the NYSE or the CFTC?

And what about those silver mining stock certificates that you have in your safe deposit box? Will they be worth anything? First ask yourself…with a fiat money crash what will be the new currency? You can bet it will have to be backed by something (most likely gold and silver) but what will the citizens of the world say about private ownership of the mines that control their money? With 99.99% of the population NOT holding any real gold or silver do you think they would allow the .01% to control all the wealth of the nation or the world? I doubt it.

Well "Silver Related" Investment Gurus…whatcha gonna do now? The worst thing I can imagine is fighting the silver battle for all these years and not getting the payoff when all your predictions come true.

So here's the SLINGSHOT moment.

When silver investors realize the scope of the coming Creative Destruction Event the flood of cash from $150B of "silver related" investments into the tiny physical silver market will destroy "silver related" investments and SLINGSHOT the price of physical silver to unimaginable heights…are you really ready?

NOW IS THE TIME TO SWITCH TO 100% PHYSICAL SILVER!

Don't delay because as this reality begins to show over the next few months I doubt you will be able to get that physical position you've been putting off for those increased silver returns from your mining stocks, options and derivatives.

It's game time for silver so don't get caught sitting on the bench!

U.S. Silver Eagles All-time Record for July- Mint is rationing Eagles Now

2010-08-24T13:26:00.000-07:00

The U.S. Mint needs to buy Silver from Silver mined in the U.S. Currently the Mint is rationing Silver Eagles. We are very close to seeing delays of delivery for eagles first running into weeks and later months. As the delays increase, there will be a disconnect at one point from the Comex and SLV prices to the price of physical bullion. When that hits there will be a mad rush to the physical metal and if just one hedge fund decides to take the Nestea plunge into ownership of cold metal in one's hand, then the game is over and we are talking about Silver at over $100oz moving rapidly up to it's true cost adjusted for inflation price of over $150oz for the actual bullion, not the bullshit paper holdings.

Coming in at 2,981,000 coins sold, the month goes down in the history books as the best ever July for the series that was introduced back in 1986. The old record was hit just last year when sales of the Silver Eagles came in slightly over 2.8 million -- shattering the previous record set in 2008 of only 1.25 million.
The increases over the last three years are a perfect indicator of demand on an annual basis as well. 2008 American Silver Eagles ended the year with a record 19.6 million sold, beating the previous record holder of 2002 by over 9 million coins. While extremely impressive, the 2008 record status only lasted a year and was smashed by the 2009 total of 28.7 million coins sold.
Indications are that the 2009 record will be blown out of the water by this year's numbers. With seven months wrapped up, the United States Mint already shows 21.1 million coins purchased by its dealers. This leaves an average of a bit over 1.5 million per remaining months in the year for 2010 to become the new record holder. Considering almost 3 million were sold in July (a month typically not known for large Silver Eagle volume), it is nearly unfathomable that 2010 would not shoot past last year.
Supporting this conclusion is the current line-up for the top ten months ever for Silver Eagle Sales. Since their debut in 1986, the coins have been available for over 280 individual months. 2010 currently holds five of the top ten monthly sales slots. (July 2010 came in as the seventh best month ever for the coins.)
Making this feat even more interesting is the fact that the U.S. Mint is still throttling the sales of the strikes. Unable to obtain enough blank planchets to keep up with potential orders, the Mint has its network of authorized purchasers on an allocation system, meaning it may ship only a portion of the requested orders based on availability and the buyer's past order history.
Silvercoinstoday.com

The U.S. Civilflag is symbolic of a nation on the Gold/Silver standard under the common law.

For the best Silver supplier over 100oz there is Monex, Paul Bea 800-949-4653 ext 2172
Use Kevin from Goldmoneybill.org as referral.

For small silver purchases, I use Apmex.com

Gold Bubble Here Now. 100-1 Paper Gold

2010-08-17T23:41:00.000-07:00

We are getting closer and closer for all the ponzi schemes of the Federal Reserve to be exposed and finished off. There are 100-1 in Paper Gold which is not Gold but paper to play the electronic casino known as Comex. To facilitate the crashing of the Federal Reserve, you should be purchasing physical gold and more importantly Silver. It is well within the domain of the American patriot community to buy up all the physical Silver in bullion form. Apmex provides great service and excellent prices on U.S. Eagles Goldmoneybill.org

Celente- Washington is Paid Off. Only Ron Paul Stands Alone

2010-07-24T15:36:00.000-07:00

It is probably beating a dead horse at this point, but restoration of the Gold standard and fiscal sanity is a marketing campaign. Celente crushes the pretty little thing on the air with his straight-forward no nonsense style. The Federal Reserve are crypts and bloods of the financial system. Gangsters in suits. Fight back by buying Silver. Monex the low-cost retailer in the world. Paul Bea account rep 800-949-4653 x2172 use Kevin from Goldmoneybill.org as referral.
The U.S. Civilflag represents America in a state of peace and fiscally solvent under the common law.

Silver Top Ten Reasons Hommel

2010-05-26T23:15:00.000-07:00

Ten Topics on Silver
(Each in exactly 101 Words!)
Silver Stock Report
by Jason Hommel, May 24th, 2010

Usury.

Lending at interest (usury) is the bane of our era, the highest crime of the ages, condemned by prophets, regulated by God, and ignored by modern man. God said no usury, unless you loan to other nations, but every seventh year is supposed to be a time of debt forgiveness, thus, it's a plan to teach the nations about God, yet abused instead to enslave people into perpetual bondage. Usurers want the whole earth, plus 6%! Lending is not so much a problem as is the interest! When gold is money, gold grows more valuable over time, so "increase" is built in!

The Big Picture for Silver.

No nation on earth uses silver or gold as a circulating medium of exchange, or common currency. This trend to not use silver started over 150 years ago, and has come to an end. If monetary demand for silver changes, it can only go up. Money is also a store of value, and people are recognizing that more and more. About 65 years ago, at the end of WWII, the world entered the age of electronics, and the demand for silver in electrical contacts soared tenfold. This has consumed more than half of all the silver ever mined since the beginning of time.

Supply and Demand for Silver.

The world annual mine output for silver is about 600 million oz., with about another 200 million oz. from recycling, and another 100 million oz. from selling from other sources. Industrial consumption is about 45%, jewelry consumes about 25%, photography is down to about 15%, leaving about 15% for investor demand. Investors buy about 100 to 150 million oz. of silver per year, which is barely $2 billion. Yet the BIS estimates that most all of the worlds' banks have $200 billion in "other precious metal" (or silver) notional value worth of derivatives on the books, indicating that all paper silver is all fraud. Paper money, unbacked by silver, is fraud, too.

Eternal Properties of Silver.

Silver is rare, dense, fungible, divisible, transportable, non perishable. These qualities unique to both silver and gold make them both an excellent store of value, unit of account, and medium of exchange. Silver is the best reflector, and the best electrical conductor in the world, and is a great germ killer, too. These qualities make silver valuable in tiny quantities to industry. Gold conducts less well than silver, does not kill germs, is too expensive to consume, and is not a viable alternative. Neither is paper. Gold coins smaller than 1/10 of an oz. are not practical, making silver essential as money.

Exchange Traded Silver Funds.

JP Morgan is the custodian of the silver for the silver ETF, SLV. JP Morgan is also the largest trader of derivatives on the earth, and the holder of the large excessive and concentrated short position in silver on the COMEX, and is being investigated by both the CFTC and the US Justice Department. The proof is not on me to prove they don't have the silver. Proof should be on them to prove that they are an honest custodian. SLV's silver is not able to be audited, and you can't take delivery. Silver is payment in full, not a promise.

Futures Contracts.

Many people are deceived by greed, thinking they can earn more money if they buy silver on leverage, putting only part of the money down as payment, to enable them to "control" more silver. But if they don't take delivery of silver, then they are not buying silver, and not controlling any silver, but only get a phantom promise of silver from entities who could not possibly have enough silver to make full delivery. It's like the fraud of fractional reserve banking, but business as usual today. I believe it is a moral failure to be deceived by these con games.

Silver Certificates.

Certificates and storage programs are a worse con. Pay full price to be conned with storage of silver that does not exist! Canadian banks and Morgan Stanley have both been caught selling non existent silver to clients in the past ten years, and their defense is that it is business as usual; that everybody does it. Sending brokerage statements showing silver amounts, when no silver exists, should be one count of mail fraud for every customer! It amazes me that many people do not have the courage and responsibility that is required to guard their silver. No work equals no results.

Collector Coins.

Many investors are lured into the precious metals market by dealers such as Goldline who is advertised on Glenn Beck. They mark up "collector" coins anywhere up to 30-100% over spot. There is no crime in charging a high price, but the scheme is borderline criminal. By selling older coins as "non-confiscable," they confiscate nearly half of an investor's money right off the top! By selling those same coins through a leverage program, they don't even have to deliver if the customer does not come up with all the money, and thus, may be selling collector coins that do not exist.

Silver Stocks.

I was guilty of talking up silver stocks, as a way to gain leverage to the rising price of silver. What the market gave, it took away. Even my extremely profitable newsletter that showed a look at my portfolio is now in the dustbin, a relic of internet history. But new internet investors have popped up, claiming great gains as they bought on the dip in 2008. Too late to chase such gains now. Stocks are subject to capital gains, nationalization risk, mismanagement risk, debt risk, funding risk, futures market hedging risk, mine collapse risk, strike risk, tax risk. Why risk it?

Bullion Items

When you buy physical silver, it comes in the form of actual shapes, which we call products. Popular forms of 99.9% pure silver are 100 oz. bars, 10 oz. bars, 1 oz. rounds, 1 troy oz. silver Eagles. There is also 90% silver coinage dated from 1964 and earlier. Occasionally, we get odd weight silver bars, 5 oz. silver bars, 1 oz. silver bars or other odd shaped silver pieces. And there are also the 1000 oz. COMEX bars, each one varies by weight up to 10%, with the exact weight stamped on the bar. Ten oz. bars are popular; they used to be the most expensive form, but now, the cheapest.

JH MINT & Coin Shop, Grass Valley, CA
(530) 273-8175
http://www.jhmint.com/

Monex- The lowest cost Gold and Silver retailer. Paul Bea account rep.
800-949-4653 x2172 Use Kevin from UScivilflags.org as referral to support this site.

Why People are Buying Silver and Gold

2010-05-22T14:38:00.000-07:00

Many people today are cashing out their CD's to buy silver and gold. Why?

The obvious.

The CD's pay next to zero interest, and gold and silver continue to head up by 20-30% per year.

Most of our gold and silver buying customers have completely lost faith in the government's ability to "run" the economy, but more than that, there is a real fear of the government today, that it will turn dramatically totalitarian and that we will lose nearly all of our freedom.

The best time to own gold is when the government starts taking more of your money. Silver and gold ownership prevents government from confiscating your wealth through inflation, and more and more people see the inflationary threat of massive $2+ trillion deficits, which are being met by printing more money.

A typical first time customer comes into our coin shop at the JH MINT, and says, "Hey this place looks really nice!" We designed it to look a bit upscale, with plenty of room to hang out, with nice couches to be able to sit down to talk.

They typically say, I've been doing a bit of research online about silver and gold, but I really know nothing about silver and gold, so what can you tell me?

To answer in person, I must get to the point quickly, as other customers will soon come in next.

So I like to show them, and let them hold a gold coin, and let them compare the heft and weight compared with a silver coin. Gold is twice as dense as silver, and the difference is easily discerned when you hold them. A 1 oz. gold coin is just a tad thicker than a half ounce silver coin, which is a bit thinner, and much, much lighter. Since silver is 1/2 the weight, a similar sized silver coin, gold plated, would be about 1/4 of the weight of a gold coin!

Thus, the brass or copper core, gold plated, "authentic replicas" as old on TV make a beautiful comparison to show how difficult it is to counterfeit gold.

So when they hold gold, they know it's something real, and real special.

People continue to ask, "Which is better, silver, or gold?"

I tell people, we like silver best, because it's a much smaller market.

World annual silver mining is about $10 billion, but world annual gold mining is about $80 billion.

But most of the silver market is consumed by industry, as silver is used in all sorts of electrical contacts and devices. In fact, industry consumes more silver than world annual mine supply, and the gap is being met by recycling.

So the amount of silver left over for investors is shockingly small, perhaps only $2 billion.

The silver story is surprisingly simple. The entire world once used silver as money, but today, no nation on earth has silver circulating as currency. This reduced monetary demand has created a very low price.

But silver remains a better store of wealth than ever, due to the increased scarcity, and the growing awareness of silver ownership as a way to make money.

Money is more than a currency or medium of exchange, it's also a store of value. As demand for silver, as a store of value, increases, so will the price, and this demand will continue as a positive feedback loop that will eventually destroy paper money.

But the real shocking fact of the silver market is that 99% of silver investors are getting scammed by paper silver, that is basically all fraud.

The proof of this is the BIS report, from the Bank of International Settlements, here:
http://www.bis.org/statistics/otcder/dt21c22a.pdf

The proof is in the numbers. The BIS keeps track of the derivatives of the banks worldwide. It shows that the notional value of "other precious metals" over the counter derivatives, which are mostly all silver, increased from $100 billion to over $200 billion in six months.

When the entire annual physical silver investment market is only $2 billion, and when the paper silver investment market increased by $100 billion in six months, there is only one way that can happen. The paper must be all fraud.
Goldmoneybill.org- Spreading the word about Sound money.
=====

I asked several bullion dealing managers why people are buying precious metals:

Matt, at rocklincoinshop.com, says:

Now more than ever, it seems that people are becoming increasingly aware of the growing instability of the dollar. With the national debt climbing, and the future of our nation’s currency looking less bright every day, people are looking for ways to protect their wealth against inflation and the ever-crumbling banking system. After doing some research, most of them come to realize that purchasing precious metals like silver and gold is the most reliable method for storing their wealth in a way that will ensure that their hard-earned capital will retain its spending power and viability despite an economy with a future that is shoddy, at best.
Cont'@ Source

Monex is the low-cost gold and Silver retailer. Paul Bea @ monex 800-949-4653 x2172
To support Goldmoney use Kevin from Goldmoneybill.org as referral.

Germany's Indentured Servitude 66% of all Taxes goes to Banks

2010-05-22T13:57:00.000-07:00

And history repeats itself.

Germany’s parliament today passed a bill that will mean that about 66 per cent of the country’s income tax revenue each year will go to banks in the form of interest payments on souvereign dent bonds held by Greece, Portugal and other eurozone nations.

Chancellor Angela Merkel’s centre-right coalition government voted to give 123 billion as Germany’s portion of a 750-billion euro loan guarantee package prepared by the European Union and the International Monetary Fund to enable governments to keep up interest payments to banks on souvereign debt.

The bill was passed by the Bundestag with with 319 "yes" votes, 73 "no" votes and 195 abstentions.

The abstentions came from the center-left opposition Greens and Social Democrats (SPD) and a handful of CDU/CSU and FDP backbenchers.

The 123 billion euro bank package comes on top of the 22.4 billon that Germany’s parliament voted to give Greece two weeks ago.

German taxpayers will, therefore, have to give 145 billion euros or 77% of the country’s annual income tax revenue to the banks in the highly likely event of Greece, Portugal and other countries not being able to meet their souvereign debt interest payments.

A German accountancy website allowing people to calculate what portion of their income tax will go to fund the banks reveals that a man earning 30,000 euros a year, and paying income tax of 5,625 euros, will be giving 3,709 euros to banks as part of the 123 billion eurozone “rescue” package.

He will be giving another 675 euros as part of the 22 billion euro Greek “rescue” package.

Germany spends another 40 billion a year paying interest on its national debts, which were created by the bank bailout and stimulus in the first place.

This means that another 1,200 euros of the 5,625 euros collected in income tax from a man earning 30,000 euros a years goes on interest payments on the national debt.
In this case, a total of 5584 euros or 99% in income tax is being paid directly to banks such as Deutsche Bank and Goldman Sachs by the German government in the form of interest payments on national and international eurozone debts.

As a result of this bill, only 41 euros of the total annual income tax of 5,625 could soon be available for the government to spend on education, pensions, hospitals and welfare and such like.

41 euros is 0.72% of the total income tax paid by a man earning 30,000 euros each year.

The Merkel government has just announced a raft of deep cuts and tax hikes, which will increase the proportion of the country’s income flowing to the banks and accelerate an economic collapse that could be much more severe than the Great Depression of the 1930s.

The transfer of almost the country’s entire tax revenues to the banks shows that the politicians in Germany are working hand in glove with banks to loot the people on an unprecedented scale under the smokescreen created by the mainstream media.

Though sold by the controlled media as “aid for Greece”, none of the money will go to the people of Greece...
Source

Goldmoneybill.org- seeking the return of Sound Money.

Silver the commoner's weapon to slay the banks. Monex is the low-cost Silver and Gold retailer. Paul Bea @ monex 800-949-4653 x2172 Use Kevin from Goldmoneybill.org as referral to help support the return to sound money.

The Intent of the Gold Money Bill

2010-05-04T09:27:00.000-07:00

For use in introducing the concept of Gold/Silver Sound Money to others

including your elected officials.

~ The Gold/Silver Sound Money Bill would provide CONSTITUTIONAL Money – Money of True Value rather than money based on “debt” – for your State Treasury to AUGMENT (NOT replace) the Federal Reserve Notes (FRNs) currently being used. It has been called an example of “A Constitutional Money Bill.”

~ Initially a state would REQUIRE tobacco suppliers, and/or others of the so-called “sin”

industries (liquor, casinos, etc.) in your state, to pay their state fees and taxes in Gold/Silver Sound Money (Gold and/or Silver coin, based on weight, Not face value, OR the Digital equivalent). This would supply your state Treasury with the needed specie (funding in coin) or the Digital equivalent of funds to assure that your state would NOT need to earmark or provide any other separate funds. This ensures that your alternative Gold/Silver Sound Money

model will function from the very beginning. Once the Gold/Silver Sound Money model is

up and running, other businesses and citizens, so inclined, would also be encouraged, on a volunteer basis, to use this system for payments to or from your state.

~ The Gold/Silver Sound Money system is Voluntary for those so inclined, but MANDATORY for the businesses indicated above. A citizen or other business could, however, participate in the Gold/Silver Sound Money system at any level they wished, and would NOT be tied to using the system for All transactions with the state, but at a level and frequency each could determine for themselves. The Gold/Silver Sound Money system can function as both a One-Way system or a Two-Way system depending on the citizen’s or non-mandatory business’s wishes. Each could just Receive Gold/Silver Sound Money from the state as a receivable system OR use it for paying obligations to the state or a Combination of both. If one worked for the state he/she could receive their weekly /monthly pay as Gold/Silver Sound Money, in total, or as just a portion.

~ The Gold/Silver Sound Money system is nothing more than a way of providing people and businesses with an Alternative to being compelled to use Federal Reserve Notes (FRNs) for business or private transactions by using real money of “true value” as opposed to FRNs which are actually “debt” instruments. There could come a day when these “debt” instruments may no longer be viable. The Gold/Silver Sound Money Bill, in the interim, will help people become familiar with this alternative to carrying on business. It would also be a way for states to get their own houses in order and start conforming to the Constitution which the states are obligated to support.

~ The Gold/Silver Money Bill, which is compatible for any of the 50 states, was written by well known Constitutional scholar and practicing Constitutional lawyer, Dr. Edwin Vieira, Jr, who has numerous wins in the Supreme Court on Constitutional issues. The current Indiana version, which includes the addition of the Digital component when using Gold/Silver Sound Money, is available for viewing at http://indianahonestmoney.com …and is available to capture and print off or download and modify for your state. The Gold/Silver Sound Money Bill was researched extensively over many years and written to conform specifically with the Constitution !

~ The Gold/Silver Sound Money Bill was modified (the addition of a Digital component for ease of use) since it was originally introduced in the New Hampshire legislature back in 2004. This addition will make it easier for people to use Gold/Silver Sound Money on a day to day basis. The previous argument against having to use unwieldy coins in transactions was put to bed with this twist of being able to also use a Digital equivalent electronically. There are compatible systems already in place that deal in the transfer of digital Gold and Silver and these systems would be able to dovetail nicely with The Gold/Silver Sound Money Bill. Many can be funded by bank wire transfer or some other intermediary. Some of these, that might be considered to serve as the interface with the states. are: c-gold, goldmoney.com, GoldExchange, CrowneGold, Liberty Reserve, Pecunix, London Gold Exchange, etc. Each state would choose one or a combination to serve as its interface(s) based on pedigree, reputation, reliability, and scalability.

~ One system, we’re familiar with, uses both Gold and Silver that is insured by Lloyd’s of London and stored in secured, monitored and audited vaults, and can be transferred Digitally, via the Internet, to anyone with an account – such as the one set up and utilized by your state. The monthly storage and transfer fees are very reasonable for this secure, Digital delivery system. Your state would simply set up an account and a citizen or vendor would do the same and use the account to either Pay or Receive Digital Gold/Silver (or receive actual coins at your state treasury). Some of the interfaces have accounts with bullion suppliers which allows citizens to actually convert their account assets into physical Gold/Silver and have it sent directly to them.

~ Think of The Gold/Silver Money Bill as an Insurance Policy for your state. If our fiat money system ever fails to function, then your state would have a system Up and Running to help

businesses and people function. Besides, as mentioned above, your state will, finally, again be in

full compliance with the Constitution for the United States of America. “No state shall…make any Thing but gold and silver Coin a Tender in Payment of Debts…” Article 1, Section 10.

If you have questions about The Gold/Silver Sound Money Bill and/or how your state might move

forward with implementation, contact Harvey Wharfield at mentor2@gmail.com

or call 978 – 635 – 9586 anytime, between 11am and 11pm, Eastern !

Why We Should Be Buying Silver

2010-04-22T23:24:00.000-07:00

Why We Should Be Buying Silver
Frank Williams

Looking at a chart of the Dow Jones Industrial Average we see boom and bust cycles lasting about 20 years each. We will start with the bear market that began in 1929 after the boom of the 20's. The Dow peaked at 381 in October of 1929 and was in a bear market until 1949. At that time the Dow began a new bull market from the low of 162 and lasted until 1969 and went to 1,000. We begin another bear market in 1969 that ends early in 1982 due to the creation of the 401k plan. The bull market that just ended launched in 1982 from 777 and ended at 14,165 in October of 2007. This massive 25 year Bull Run is due for a correction. Past economic corrections have ended with the Dow to gold ratio at one to one. In other words one share of the Dow was equal to one ounce of gold. The last time this occurred was in 1980 with the Dow around 850 and gold climbed to 880. During the great depression the Dow bottomed at 41 and gold was 35 dollars. Keep in mind that GM did not fail during the great depression. Now with the Dow at 8150 and gold 910 dollars, either gold would have to increase by 900% or the Dow would have to lose 90% of its value for the ratio to be one to one.

However there is a much greater risk today, because the dollar is backed by nothing. For the first time in the history of the world we have a global fiat currency. In every past instance of a nation trying the fiat currency experiment, the currency collapsed. Recent examples are Argentina, Iceland, Hungary, Ukraine, and Zimbabwe. No one can predict a global currency collapse but certainly the possibility exists now more than ever before. Fiat currency has a 100% failure rate. Therefore the risk in all paper investments is great.

Some wise investors would argue that silver has no downside risk and has the potential to be worth many times what it is trading for today? Silver's purchasing power has been more than 100 times what it is today in past history. It has been successful for more than 5,000 years. It could be argued that silver has a fundamental reason to be worth more today than ever before in history? Silver has so many industrial applications today that we have been consuming more than what is being mined. The current price has nothing to do with the supply and demand fundamentals. It is being suppressed because it is the enemy of fiat money. The artificially low price has caused inventories to fall to dangerously low levels. It will take a much higher price to bring all the silver back to the market to meet future demand. When we say silver has zero downside risk. We are not saying silver will never trade for less than it does today. Only that if you understand what money is and what silver is. You will never sell you silver for 15 Federal Reserve dollars or less.

Monetary history is quite clear when government spends without restraint it results in the debasement of the currency. When this begins to happen at a rapid pace people will want hard assets. Silver is the most undervalued commodity in the world today and probably the most undervalued commodity in all of history.

In the Old Testament 20 pieces of silver purchased Joseph as a slave. The silver referenced here was likely a shekel that was less than a half ounce or about 10 ounces of silver. We can buy 10 ounces for 150 dollars today. We can barely get a day’s worth of work for 10 ounces of silver today. In the New Testament 30 pieces of silver bought a Potters field. This would be a little less than 15 ounces of silver. We can get 15 ounces of silver for less than 300 dollars today. In the Gospel of John 6:7 we see 200 denarii, also translated 200 days wages, being related to feeding 5,000 people. One denarius was a man’s wage for the day in ancient Rome. A Denarius is one tenth of one ounce of silver. If a tenth of an ounce of silver was an average daily wage today, it would be worth 100 to 200 Dollars or 1,000 to 2,000 dollars an ounce. In America before the Federal Reserve Act, you could purchase a medium home for about 500 ounces of silver. Why was silver so valuable in past history and so cheap today?

What is being forgotten today is that silver is money. In the Hebrew Old Testament the same word is used for silver and money. In the language that is used in more than 50 countries money is synonymous with silver. The Federal Reserve System is a debt based system and is unconstitutional. It is in opposition to all our founding documents in America. According to the U.S. Constitution only gold and silver are to be used for money in America. The treasury of the United States alone has the authority to issue currency. The U.S. dollar was pegged at 371.25 grains of fine silver when it was created in 1792. The United States Government used to issue a silver certificate to use for payment. However a silver certificate was not money it was a receipt for your silver. It certified that there was one dollar in silver was on deposit in the treasury of the United States of America payable to the bearer on demand. Your receipt stated that you could get your real money on demand.

The Federal Reserve note that we have today is backed by nothing. The Federal Reserve is not a government agency. Its name is a deception. As in the case of all fiat money, it will be worth less and worth less until it is worthless.

Until we take back America from the money changers, silver and gold is the only way to protect the fruits of our labor. Our money is not safe in paper investments until this system of tyranny ends. Bob Livingston writes in his July 2009 newsletter. “Do insiders who are shoving trillions of fiat dollars to their elite friends know what they are doing? Of course they do! What appears as financial irresponsibility to the American people is organized theft on an unimaginable scale. The recent market crash should demonstrate more than ever the need to own gold and silver coins in your physical possession. But with the gold to silver ratio at 70 to 1 when its historic ratio is 15 to one silver looks very cheap compared to gold.

Even if you are not concerned with a collapse of the dollar consider the history of boom and bust cycles. We are coming off a 20 year bear market in precious metal and a 25 year bull in stocks. The dollar started a downward trend in 2002 and has lost over 40% of its value since then. It makes sense today to have at least an equal portion of hard assets, to paper assets. Do your own research. Don't take anyone’s advice on where to invest the fruits of your labor.

We are able to buy directly from a mint that has been in the silver bullion business since 1974. I have met with the owner personally, and find him to be a man of very high integrity. He has provided us with great service. He has filled all our orders within 3 weeks. He has also provided us with the lowest prices we have been able to find, and we have been helping people get silver for over 5 years.

We feel silver is the investment that everyone will be talking about in a few years as the best investment of a lifetime. The only regret you will have about silver is if you did not take advantage of it while the price was so low.

You can find our contact information at globalsilverinvestors.com.

Colloidal Silver- The antidote for the allergy to ink...

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

Are ETF Silver Bars Fake? Made out of Molybdenum?

2010-03-31T11:27:00.000-07:00

I think Bix Weir is my new precious metals guru. He has adroitly put together an argument for the faking of Silver bars with Molybdenum by breaking down the custodial prospectus of JP Morgan. Key words are defined in the prospectus such as OZ and bullion, but never used again. They never state that the bars are .999 Silver just that they have Silver in them. They disavow any responsibility for fake bars. Like the gold bars have been faked with Tungsten based on the weight. The Silver bars can be replaced with Molybdenum which is only 2.7% weight differential.
Since very few of the ETF bars are ever delivered; it is a perfect venue for counterfeiting. Bix even predicts an upsurge in Molybdenum production to conincide with the introduction of ETF's in 2005.
Goldmoneybill.org Educating the public on Austrian Economics

Bix Weir
A while back Rob Kirby wrote an article revealing that over 1.3 million of the 400 oz gold bars may actually be gold plated tungsten.

This was a shocking revelation that will profoundly effect the gold market and yet it is the most simple of cons. Who ever checks to see if their 400oz gold bars are filled with tungsten??? NOBODY! 400 oz gold bars are handled with kit gloves by those fortunate enough to own them. They represent an astounding amount of value in such a small package. They come in special cases and are wrapped in beautiful cloths. When you buy them you are scared to touch them...who in their right mind would ever drill a hole in them to see if they are real?!

We'd better start thinking a little harder...a little smarter. It is truly amazing that NOBODY ever checks to see if their gold is .999 fine. Buyers almost always trust the markings on the bar even though they have no idea when those markings were placed there or who the refineries that produced them are connected to...

Colloidal Silver- Kills Werewolves, nature's anti-biotic, true healthcare.

Wanna get rich? If you had no morals you could buy a low quality, unmarked gold or silver bar and "decorate" it with these tools:

This is where a big problem lies in the world of gold and silver. We have "trusted" the big guys for too long and they have abused that trust at every turn.

So let's look at how the gold/tungsten problem is related to silver. Here was my take:

Fake Gold Portend Silver Explosion

In this article I contended that fake silver could not be as easily substituted as fake gold:

"The silver situation was a little trickier than just creating fake silver bars. The problem was that, unlike gold where it is unheard of to melt down "Good Delivery" bars, large silver bars purchased from the exchanges were routinely removed from inventory and melted down to be used for industrial purposes. If the "Good Delivery" silver bars were filled with something like tungsten or lead the industrial users would know almost immediately. That kind of visibility would have called into question all "Good Delivery" metals on the major exchanges."

What I didn't fully understand at the time was that there is one public silver stockpile that rarely, if ever, removes the physical silver from their "inventory" and that is the iShares Silver ETF (SLV). Of course, I never believed they actually had all that silver they claim to but I wasn't sure how the con worked. Back in the 1980's there were lead filled silver bars floating around but they weren't hard to spot for the dealers. Lead has a density of 11.342 gm/cm3 and silver has a density of 10.501 or an 8% difference. Not that hard to spot for a professional.

But it made me curious as to what other metal might be closer to the density of silver and voila…MOLYBDENUM HAS AN ALMOST IDENTICAL DENSITY TO SILVER!

The density of molybdenum is 10.220 gm/cm3 or only a 2.7% difference and is commonly coated with silver for industrial applications! As a matter of fact there is a long list of companies who make Molybdenum bars as well as specialize in Molybdenum coating.

So could it be that SLV (who boasts JP Morgan as their "Custodian") does not have .999 fine silver bars in their inventory but rather a significant supply of silver plated Molybdenum bars? Let's face it, if the banking cabal figured out that they could gold plate tungsten bars don't you think they also considered silver? Could this be the entire REASON why SLV was approved by "the powers that be" to the surprise of all the silver bugs?

As Paulson, Geithner, Summers, Goolsbee and everyone else who has been involved in the rigging of the markets has stated...

"WE WILL DO WHATEVER IT TAKES TO KEEP THE MONETARY SYSTEM STABLE".

Could "whatever it takes" include flat out fraud? Of course it does!

Let's look for clues that there may be some 1,000 oz "MolyBars" floating around in the SLV inventory.

The fact the SLV has given it's controllers a considerable amount of legal leeway is no secret. The prospectus has more holes than Swiss cheese that's been shot point blank with buckshot. There are more articles covering this subject on the internet than there are bars of real silver in their inventory!

Hidden amongst it's many flaws, the SLV prospectus is carefully written to allow for silver that is not .999 fine. There is no specification as to the amount of silver required to be in their silver! Not .999, not .900, not .500, not Sterling, not plated, not coated...nothing. The original prospectus included the term "SILVER BULLION" when it was describing the silver holdings, but a year later the word "BULLION" was stricken from the prospectus. At the same time JP Morgan changed their liability as custodian from $1B to 265M+ troy ounces. OUNCES OF WHAT? Silver wrapped Hershey's Kisses?

Sure they define an "Ounce" as:

"Ounce" -- A troy ounce, equal to 1.0971428 ounces avoirdupois, with a minimum fineness of 0.999. "Avoirdupois" is the system of weights used in the U.S. and Great Britain for goods other than precious metals, gems and drugs. In that system, a pound has 16 ounces and an ounce has 16 drams."

But they never use the capitalized word "Ounce" in the context of the prospectus as it relates to silver. Any decent lawyer will tell you that it's the oldest trick in the book. Define a term with a capital letter yet never capitalize it in the context of the document. The capitalized term "Ounce" as defined is never used again. So why define it if you don't use it... unless you are trying to deliberately mislead the reader of the prospectus!

Just another con.

The same goes for the word "silver". Not once is "silver" defined or capitalized. They almost screwed up in the first prospectus by using the term "silver bullion" but they fixed that boo-boo. But the most damning evidence that the silver in SLV is not the real deal is in the prospectus and the SLV 10k SEC filing..

SLV PROSPECTUS

"However, the custodian is not responsible for conducting any chemical or other tests designed to verify that such silver meets the purity requirements referred to in the Trust Agreement."

SLV SEC 10K

"Silver transferred to the Trust in connection with the creation of Baskets of iShares may not be of the quality required under the Trust Agreement. The Trust will sustain a loss if the Trustee issues iShares in exchange for silver of inferior quality and that loss will adversely affect the value of all existing iShares."

FIRST THEY SAY THAT THEY ARE NOT RESPONSIBLE FOR THE QUALITY THEN THEY SAY IF THEY QUALITY IS BAD iSHARES WILL TAKE THE HITS...WHICH THEY ARE NOT RESPONSIBLE FOR!

Why in the world would JP Morgan take on a multi-billion dollar liability to act as custodian if they are not going to even check the silver that comes into the warehouse? Because they don't. It's just another Ponzi scheme with the illusion of grand silver deposits that never leave the watchful eye of the custodian or the "Authorized Participants".

The key to faking silver bars is that they can not be sold into the industrial market as the melting point of Moly is much higher and it doesn't have the same electrical conductivity. The SLV inventories represent the perfect resting place for "silver bars" to be stored publicly yet not removed for industrial uses. Clearly it can't be in the COMEX or LME warehouses since both exchanges can be called for delivery.

JP Morgan manages the physical silver which can only be withdrawn by this short list of "Authorized Participants"...who know where their loyalties lie!

Barclays Capital Inc

Citigroup Global Markets Inc.

Credit Suisse Securities (USA) LLC

EWT, LLC

Goldman Sachs & Co.

Goldman Sachs Execution & Clearing L.P.

Intrade LLC

JP Morgan Securities Inc.

Knight Clearing Services LLC

Merrill Lynch Professional Clearing Corp.

Newedge Group USA

PruGlobal Securities, LLC

Scotia Capital (USA) Inc.

UBS Securities LLC

Virtu Financial BD LLC

Although we really don't know if the "Authorized Participants" have any rights to remove silver since we haven't seen their contracts, we do know that they have NOT removed much silver since its inception...interesting...

Back to the "MolyBars"

Now that we know that SLV has no legal requirement to hold .999 silver bars lets look for more evidence of "MolyBars". I guess a tell-tale sign would be an increase in Molybdenum production since the announcement and introduction of the Silver ETF in 2005/2006…well what do you know...

Was it Ronald Reagan that said "Trust but VERIFY"?

I'm not going to get into the fact that the COMEX is now allowing physical delivery in ETF shares because that may be a little too "conspiratorial" for such an upstanding news service as the Road to Roota Letters.

WAIT! Bart Chilton(the New Sheriff in town)and the recently fully funded CFTC staff will surely catch on to any "funny business" going down in ETF gold and silver holdings...oops...

Let's just say I've been down this road before:

Who's the Little Man Behind the Curtain

Let's face it, the only way to regain trust in the gold and silver markets will be to completely overhaul the entire physical testing and storage system.

Basically, we need a global remelt and re-certification.

As for us little guys...this kinda makes you wish you had paid the premium for those 1oz Gold and Silver Eagles...surely we can trust the US Government...can't we?

When this is all over those of us sitting with real, verifiable .999 gold and silver will be Kings of the World...

EVERYONE ELSE WILL BE JOKERS.

May the Road you choose be the Right Road

Bix Weir
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

A Legend Passes Eustace Mullins: Secrets of the Federal Reserve

2010-02-03T00:02:00.000-08:00

Eustace Mullins in retrospect may be one of the rare individuals like Ron Paul that has saved America. He had the courage to dig up the dirt on the Bankers, something that usually ends up putting people in their grave before their time. Mullins paid the price as he was harrassed by the bankers for the last 50 years. May he rest in Peace, I will definetly pray for him tonight, a man of courage. God bless.
Legendary author of scores of books and pamphlets demolishing the lies of warmaking mainstream media, historian Eustace Mullins died Tuesday, Feb. 2, at the home of his caretaker in a small town in Texas.

"He was absolutely BRILLIANT in his research, writing and verbal presentations, and as honest a man and scholar as our country has ever produced. In all the interviews I had the great honor of doing with Eustace, he never ceased to amaze me...and to teach all of us critically-important truths about our world and the evil, satanic group that is and has been dominating it for far too long. HIs knowledge and wisdom about the controllers was simply astonishing." said Jeff Rense.

Mullins, who would have been 87 in March, suffered a stroke three weeks ago in Columbus, Ohio. He had been on an extended tour of his admirers for much of the past year, visiting and chatting with many of his thousands of fans who jumped at the chance to buy his books from him in person.

The author of such incendiary books as "Secrets of the Federal Reserve, "Murder by Injection, and "The Curse of Canaan, Mullins was harrassed by the FBI for almost a half century, and had one of his books burned in Germany in the 1950s. These stories are recounted in one of his books, "A Writ for Martyrs.

A protege of the imprisoned patriotic poet Ezra Pound, Mullins compiled a well-researched raft of works that detailed the passage down through time of a hereditary group of banker killers who have essentially ruled the world from behind the scenes since ancient times.

"Eustace Mullins was the greatest political historian of the 20th century, and not just because he was not beholden to the power structure that deters candid reports about significant events, but because, guided by the greatest poet of the 20th century who was imprisoned for broadcasting for peace, his meticulous research eventually uncovered virtually every significant political secret of the last 400 years. "It, is a pity so many people are afraid to believe what Mullins told them, because it was much more of the truth than has ever been seen in our schools or our media.

Funeral arrangements and appropriate memorial information have yet to be released.
Source

How to Bring back Sound Money? Buy Gold and Silver.

2010-02-02T23:52:00.000-08:00

Edwin Vieira, wrote the original gold bill for New hampshire which has spawned multiple gold bills around the country. But the ultimate grassroots action is for you, I mean you not the guy behind you to buy gold and silver now. To feel the cold metal in your hands and the weight. We are not talking tin here or God forbid paper. Paper burns or gets wet and falls apart. How is that currency? Are we coming out of a drug induced haze? I mean real drugs like you see on TV, not the alledged drugs that grow in the earth...

A PRACTICAL GUIDE TO "GOLD CLAUSES"
By Dr. Edwin Vieira, Jr., Ph.D., J.D.
November 22, 2009

NewsWithViews.com
As most of my readers know, I have long advocated the use of alternative currencies, consisting of silver and gold, in order to return America to constitutional and sound money. There are three means by which such alternative currencies could be introduced into the economy: (i) through an act of Congress; (ii) by State legislation, one State at a time; and (iii) by the private action of individuals. At the present time, option (i) is likely impossible; and option (ii) will require a fair amount of political organizing and "grass-roots" lobbying in suitable "target" States before the first such statute can be enacted. For the time being, then, that leaves option (iii) as the only way to move ahead immediately. Of course, purely private action alone cannot reform even one State's monetary system.

But, besides protecting those individuals who learn how to use alternative currencies in their own financial transactions, private action can help to educate other members of the general public about this issue, so that they can be mobilized for political action. In some situations (such as this offer), where the value of silver and gold are rapidly fluctuating in the marketplace as against paper currency, where the monetary value of the transaction is relatively small, and where the likely number of such transactions occurring over a lengthy period of time may be large, "gold clauses" may prove to be too cumbersome to use. But in many other situations, particularly when a significant length of time may occur before the payment for some good or service is finally made, they can provide a major degree of protection against loss in the real value of a contract that would otherwise occur were some paper currency employed as the medium of exchange and legal tender for the transaction.

In order to provide information necessary for people to make informed choices on this matter, I have prepared a booklet entitled "GOLD CLAUSES" AND "SILVER CLAUSES" IN FINANCIAL TRANSACTIONS: A PRACTICAL STUDY CONCERNING THEIR ORIGIN AND USE. I believe that this will greatly assist anyone in evaluating the potential usefulness of a "gold clause" in his personal financial affairs-and will certainly simplify, and greatly reduce the cost of, the research an individual-and especially an individual's attorney, accountant, or other business councillor or advisor-would need to perform in order to evaluate the situation in a competent manner. Moreover, as the Federal Reserve System slips deeper and deeper into crisis, this information could prove invaluable to individuals who appreciate the utility of separating their financial arrangements, as much as may be practicable, from the central-banking system and its fiat currency.

"GOLD CLAUSES" is available from me for $34.95 (postpaid), or $36.70 (postpaid, including 5% Virginia sales tax, when shipped to an address in Virginia). Checks or money orders should be made payable to "Edwin Vieira, Jr.", and sent to 52 Stonegate Court, Front Royal, Virginia 22630.

(This offer may be withdrawn at any time that the demand for this book does not warrant further production.)

© 2009 Edwin Vieira, Jr. - All Rights Reserved

--------------------------------------------------------------------------------

Edwin Vieira, Jr., holds four degrees from Harvard: A.B. (Harvard College), A.M. and Ph.D. (Harvard Graduate School of Arts and Sciences), and J.D. (Harvard Law School).

For more than thirty years he has practiced law, with emphasis on constitutional issues. In the Supreme Court of the United States he successfully argued or briefed the cases leading to the landmark decisions Abood v. Detroit Board of Education, Chicago Teachers Union v. Hudson, and Communications Workers of America v. Beck, which established constitutional and statutory limitations on the uses to which labor unions, in both the private and the public sectors, may apply fees extracted from nonunion workers as a condition of their employment.

He has written numerous monographs and articles in scholarly journals, and lectured throughout the county. His most recent work on money and banking is the two-volume Pieces of Eight: The Monetary Powers and Disabilities of the United States Constitution (2002), the most comprehensive study in existence of American monetary law and history viewed from a constitutional perspective. www.piecesofeight.us
Silver can also cure your health problems... and kill vampires.
He is also the co-author (under a nom de plume) of the political novel CRA$HMAKER: A Federal Affaire (2000), a not-so-fictional story of an engineered crash of the Federal Reserve System, and the political upheaval it causes. www.crashmaker.com

His latest book is: "How To Dethrone the Imperial Judiciary" ... and Constitutional "Homeland Security," Volume One, The Nation in Arms...

He can be reached at his new address:
52 Stonegate Court
Front Royal, VA 22630.
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

Fake Gold Found At Fort Knox

2010-01-14T17:08:00.000-08:00

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.
Background
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
Monoatomic Gold- Is this the elixir of life?
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.

GoldMoneyBill- State Gold Money bill, parallel currency.
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

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

2010-01-13T15:53:00.000-08:00

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
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

History of Silver Coins

2010-01-11T14:45:00.000-08:00

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.
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

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

2010-01-11T13:19:00.000-08:00

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.
Colloidal Silver- Nature's Anti-biotic your number one defense in Flu season.
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.
Source

The Wealth of Nations 2010

2010-01-10T17:05:00.000-08:00

By Dr. Mahathir Mohamad

1-9-10

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.

Colloidal Silver- Kills over 660 viruses..

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.

Why Silver is Wealth

2010-01-08T19:45:00.000-08:00

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.
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

Silver use in Commercial Electronics to Increase

2010-01-05T17:52:00.000-08:00

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.
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

Silver Year End Recap Up 47% for Year 2009

2010-01-03T17:03:00.000-08:00

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

Silver @ $400oz adjusted for Inflation from $50 high 1980

2009-12-20T15:40:00.000-08:00

Why I got into silver
(Thinking back over 10 years)
Silver Stock Report
by Jason Hommel, December 17th, 2009

When I started working for myself, I made my very first money, enough to save for the very first time, but I was working so hard, over 80 hours a week! I guess God finally caught up to me, because, at some point, I began to think. And that's when it all started.

I thought: Why am I working myself to the bone, sleep depriving myself, to save up little pieces of paper in a bank, that does not even have the pieces of paper that they say are in my account? It's fraud upon fraud.

Yes, yes, I know what they tell us, that they are lending my money out, to be able to provide a return, enough to pay me the "interest". Sorry, 1% is not enough to get excited about, not when I've been living with 4-5% inflation my whole life. I saw the increases in the prices of candy and comic books in the 70's when I was a kid. I know.

I heard at the gun store from a guy who said that gold was cheap at anything under $350/oz., because the miners can hardly produce it for that, he was amazed at the low prices, and he thought that buying it was a zero risk opportunity to make some money.

I forget now, but I probably did a little research on the internet, which confirmed what he was saying.

So, I bought some gold and silver from the local coin shop at Tebo Coin in Boulder, Colorado, something I wanted to do my whole life, but never had the money to do.

I got 4 ounces of gold, and about 400 silver dimes. I got an American Eagle, a Kruggerand, a Mapleleaf, and a Philharmonic. I think I paid about $300 each for them, or so.

I had already bought a gun, because it seemed to be the responsible thing to do, but this was really cool. Now I had Gold, silver, cash, and a gun!

I kind of felt like an outlaw or something. I felt like I was robbing the banks, but legally!

I also stocked up on some food. But I quickly sold the food, and moved home.

I had to convince my dad. Y2K was coming up. He had way more money than me to protect, and he could prepare much better than I could, "just in case". We spent less than 1/2 of 1% of his net worth on preparations, and converted less than 10% of his wealth into silver and gold. Not too bad.

One day, my dad asks me, "Which is better, silver, or gold, and how do you know?"

Good question. It forced me to research more. I already knew the silver market was smaller, and that there was no investment demand, and thus, any new investment demand that went into silver would push the price way up.

Back in 1998, there was more investor selling than buying. Coin shops would send excess silver to refiners. From their perspective, they were drowning in silver. From an investor's perspective, the silver coming from investors selling is an "unsustainable supply source" one that, when it ends, will cause a whipsaw price change to the upside, even without any new investor buying!

In 1999, investors started buying 90% "junk" USA silver coinage dated 1964 or earlier, to prepare for Y2K, in case the banks crashed from computer failure, or bank runs. Prices for on those silver coins soared from about 5% over spot, to 50% over spot of $5/oz., in just a few months. We got a bit scared at that, and held on.

My grandmother had some bonds. My father next suggested that we try to convince her. So, I wrote up a small report about what I learned. I detailed that silver mine supply was about 500 million ounces, recycling was about 200 million more ounces, and government selling was about another 50 million ounces. Recycling included "investor selling".

Demand consumed it all, all 750 million ounces produced or recycled each year. Demand consisted of about 45% industrial demand, mostly in electronics, 25% jewelry & flatware demand, and 25% photography demand, and about 5% coin/medallion production.

The shocker was the relative numbers. At $5/oz., the size of the annual silver market was a tiny $3.7 billion, world wide.

In monetary terms, that was nothing. The money in US banks stood at $4 trillion, 1000 times as large.

She seemed a bit convinced, but where would she get silver, and where would she put it? She was too old to guard it, she was nearly 80. Sigh.

Very little has changed in 10 years.

Photography demand has dropped by about 10%, and investor demand has increased to about 10%, effectively replacing it, creating no new significant investment buying pressure.

Silver Eagle production has increased from 10 million coins to 20 million coins per year. In a 600 million oz. annual mining market, it's almost an insignificant change, this increase in coinage of 100%.

Silver has gone from $5 to $17.

M3, money in the banks, has gone from about $4 trillion to about $15 trillion.

The increase has been at about the same rates. Silver is just keeping pace with the inflation.

No significant money has yet flowed into silver, which is the event that will cause silver to vastly outpace in value all other investments or real property.

Popular press that writes about how much silver the ETF's "have obtained", have no clue about how much the ETF's have, since their silver is not able to be audited.

JP Morgan is the custodian of the silver for SLV.

JP Morgan has the largest short position in silver at the COMEX.

SLV's silver cannot be audited, as JP Morgan has the right to have sub custodians and sub sub custodians hold silver for the SLV. READ THE PROSPECTUS!

This means they can back up the SLV with long positions in futures, since "someone else" has the silver. So, SLV is backed by futures, and futures can now be backed by SLV.

It's now fraud backing fraud. But business as usual for the banks!

JP Morgan has $80 trillion in derivatives exposure, while the next largest banks have only $35 trillion, and the 4th largest has only $4 trillion.

What has changed significantly is that the fraud of "holding silver for investors", silver that was never purchased, and does not exist, has vastly increased.

Creating "paper silver" is similar to inflation. The effects of rising prices for REAL silver are not seen right away, there is a delay. The delay will one day manifest itself in silver rising much faster than it did in 1980.

The 1980 peak saw silver rise to $50/oz.

You can adjust for inflation in many ways.

1. If you go by government CPI numbers, the former peak would be about 2.5 times higher, or $125/oz.

2. If you go by the increase in M3, the increase in the paper money creation, which is the real inflation, then the increase is about 8 times higher, from about $1.8 trillion to about $15 trillion, so silver's "inflation adjusted" high would be $400/oz.

Silver moved up $10/day back then. We could see silver thus move up by $80 day sometime in the future, when things "blow up" in the financial world, or even more per day.

3. The third kind of inflation is the derivatives. There are a notional $1000 trillion of derivatives, mostly interest rate derivatives, or bets on the change in interest rates. People don't really buy very much gold in this era, they mostly place bets on the way they think interest rates will go, using highly leveraged bets. Mostly interest rates are flat. I suspect most of the bets thus fail. You need a change in rates for people's bets to pay off.

The comparative numbers are that the world's annual mine production of gold is about 2400 tonnes, or about 75 million oz., worth about $85 billion.

All the gold in all the world, ever mined in all of human history, stands at about 155,000 tonnes, or about 5 billion ounces, worth about $5.5 trillion.

The $1000 trillion of notional value of mostly "interest rate" derivatives simply dwarfs the gold market.

I write that more for future students of history than for people today. Most fools alive now simply don't get it. Future generations would simply not believe the stupidity of this generation, unless I wrote it down.

4. The fourth kind of inflation is a narrow subset of derivatives, including all the different kinds of "paper silver". This would include futures, options, ETF's, silver pools, silver certificates from Perth or Canadian Banks, and "over the counter" silver obligations.

For ten years, I was told that the "over the counter" silver obligations were unknowable, but probably the biggest kind of fraud.

Last year, I finally got a hold of some data on the over the counter silver derivatives.

The BIS report on commodity derivatives.

It shows there is $203 billion in "other precious metal" notional derivatives owed by all the world's banks.

That's mostly $203 billion of silver fraud, because the silver market is a $10 billion market, with investors only buying $1.7 billion per year!

We ought to know who the BIS is. The BIS is the Bank for International Settlements.

http://www.bis.org/

http://en.wikipedia.org/wiki/Bank_for_International_Settlements

"The Bank for International Settlements (BIS) is an international organization of central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks." It is not accountable to any national government.

The latest report shows an increase in the "notional amounts outstanding" in the "other precious metals" category, from $96 billion in Dec. 2008 to $203 billion in June 2009. They only report twice a year.

Please note, the entire annual silver mine production is about 600 million ounces, at $17/oz., is $10.2 billion.

Thus, the banks owe 20 times more "other precious metals" than silver is produced per year.

Does the "other precious metals" category include platinum and palladium? Sure. But those markets are as small, if not smaller, than silver!

The world produces about 8 million ounces of each.

Source

GoldMoneyBill.org Fundraiser

2009-12-17T19:43:00.000-08:00

The fundraiser is to help offsets the costs of maintaining the website. The Goldmoney bill orginally was created for the state of New Hampshire. Although the bill did not pass, it has spawned an awareness to return to sound money. Currently there are 6 states that have Gold bills on the table. Sound Money is a basis of a Constitutional government. Your rights are based on the back of a metal-backed currency. The term coin money was put in the constitution, because it was integral to a just government backed by the rule of law. The creation of the Federal Reserve and the revocation of the Gold standard are the causes of the destruction of the American Republic.
The most fundamental change to bring back a just and legitimate government is the return of a metal-backed sound money. If I make the $300 goal, I will be selecting at random one lucky person for a 1oz U.S. Silver Eagle.

Goldmoneybill.org to download the Gold Money Bill for your state.

Eliot Spitzer takes on the Federal Reserve

2009-11-30T22:39:00.000-08:00

Ron Paul is becoming a star, no shit. Spitzer after he has been dressed down, is now becoming a human being. The banks bad debts are a pile of garbage. The fed is piling garbage on top of garbage on the American people and wants the power to remain above an audit. Thanks Barney Frank, a true american hero.

UScivilflags-promoting peace and routing out the scoundrels. The vertical striped flag breaks the mind meld of blind patriotism.

China Populace buying Silver now

2009-11-30T22:24:00.000-08:00

China populace starting to buy Silver. The gold price is currently running at a multiple of 63x the price of gold. Historically Gold is 16x the price of Silver. In the days of rome, a day's wage was 1/10 oz of Silver. That would price Silver at $190oz right now. Apmex- low-cost silver supplier, very reliable.

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An Argument for Silver at $2000oz

2009-11-30T18:24:00.000-08:00

Silver has lagged behind gold for years, even though most of the Silver is now going into industrial applications. Gold has hit it's high, but Silver is not even close to the $50 per oz in 1980. EFT's in gold and silver are both controlled by the same people that have been creating massive fraud and currency expansion in the banking system. The cat is out of the bag. Silver only going up, how high is the question
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Silver is a better investment than Gold

2009-11-27T14:24:00.000-08:00

Silverstockreport.com
Jason Hommel

Recently many of my readers have been asking, "Why is silver lagging gold?"

After all, in March, 2008, gold hit $1020, and silver exceeded $20, yet here we are now, with gold now above $1145, and silver at $18.33, not even at $19!

The really funny thing is the way the popular media spin the price relations.

When silver underperforms gold, they say, "Silver is not confirming gold's rise, therefore, gold prices are due for a fall."

And when silver outperforms gold, they say, "Silver is exceeding gold's rise, therefore, this bull run is overdone, and thus, gold prices are due for a fall."

In other words, we have a manipulated market. Not only is the price manipulated, but so is the news coverage!

Of course, the media could give opinions the other way, and say, "With silver lagging gold, it shows that gold has much further to run, and also silver is due to catch up and exceed gold's pace, thus making silver the much better buy now." Or, after silver outperforms, they could say, "Silver's outperformance has confirmed everything the silver bulls have been saying for the last ten years." But they never do that, do they?!

As it is, the price ratio changed from 64 on Friday to 62 on Monday, so silver far outperformed gold on Nov. 16th.

Gold moved from $1118.50 on Friday to $1139.80, a rise of $21.3/oz., or a 1.9% increase.
Silver moved from $17.42 on Friday to $18.40, a rise of $.98/oz., or 5.6% increase.

Silver sure didn't lag behind gold on that day!

So, is all news that is bearish on silver evidence of "manipulation?" Of course not. Some commentators are not colluding on purpose, they are simply willfully ignorant.

The silver to gold ratio is the red line. You can see it topped out at 100 in 1990, when it took 100 oz. of silver to buy 1 oz. of gold. This ratio dropped to nearly 50 in 1997. It went back up to 80 both in 2003, and 2009, and now has gone back down to about 64, and now 62 today.

So, depending on the time frame, silver has out paced gold, or gold has out paced silver. As the red line goes down, silver is better. As the red line goes up, gold is better.
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But if you use a selective time frame, only 10 years, you can see that the silver to gold ratio was about 60 ten years ago, and is 62 today, showing that gold slightly outperformed during that selective time period in question. But what is the main thrust of Gary's argument? That the future must be like the past? And that the past only consists of the last ten years? Clearly, neither premise is not even remotely true, and the entire argument would deny the reality of economic cycles. Clearly, Gary is not ignorant of the economic cycle, so why did he forget that his argument would not be valid? Did emotionalism get the best of Gary?

As we can see from the big picture, Gold would have been a better investment than silver until 1990, the key turning point. Gary's claim to the foundation of his "correctness" is being good at making interim market calls, and that he is old. Did he tell his subscribers to load up on silver in 1990? I have no idea. Did Gary tell his subscribers to load up on silver when it hit $8.50/oz. in the last year? No. I know. I've been a paying subscriber of his since he tried to discredit me. In his own words, "His "market calls" were utterly useless when it mattered."

Furthermore, the dollar/gold price charts, and dollar/silver price charts do not "tell all" as he claims. Such charts contain zero information about how many dollars have been printed up in the past, and have yet to show up in futures prices of the metals. Such charts contain zero information about how much silver has been consumed and lost in the age of electronics that have ended up in landfills at concentrations too low to economically recover. It is only bad theory that the price charts contain "all the information" you need to know to make a future prediction on prices.

The charts Gary chose to present are not even "objective facts". All gold/dollar and silver/dollar price charts are misleading, as the dollar is not a constant measuring tool, but a varying one. What if I showed you a growth chart of my 15 month old boy, but used a ruler made out of silly putty and stretched it at different rates at varying intervals? Certainly, nobody would call such a chart an "objective fact". Charts are also not "objective facts" when you can produce them over select time frames to distort the overall picture. Gary's price charts from the year 2000 are not as useful as the long term ratio chart above, if you want to try to use a chart to make long term predictions.
Parallel State Gold currency bill
Is anyone here planning on living for longer than a time frame of the next ten years? (Well, Gary might not, he's old, remember.) If you plan to live longer, you might want to consider longer time frames. I know I want to. After all, I'm only 39, and if I live to be 90, I can use an investment that might not pay off in 10 years, or even 20, but should come to fruition within my time frame of up to the next 50 years. For me, silver is it.

Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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U.S. Mint Suspends Gold and Silver Sales

2009-11-25T15:13:00.000-08:00

What do you think is going to happen to the price of Gold and Silver? Go up or down? Kevin Goldmoneybill.org

The United States Mint has suspended sales of gold and silver yet again. 2009 has seen an unprecedented demand for the 2009 Gold American Eagles and 2009 Silver American Eagles as investors have clamored to secure their assets and protect their wealth against the rising tide of inflation.

This suspension in sales is temporary as the U.S. Mint continues to produce these highly sought after coins. At APMEX, we have a very limited supply of both 2009 Gold American Eagle and 2009 Silver American Eagle coins in stock and ready to ship. Buy your gold and silver bullion coins now while they are still available in the marketplace.

Mint shortages have traditionally caused a significant increase in premium – however, at APMEX, we still have these coins available at very reasonable prices. Buy your gold and silver coins today before market conditions change more and prices are driven up from excessive demand.

The news from the U.S. Mint comes on the heels of the recent news of gold's all-time highs. It seems like every day, gold reaches a new high! Already this morning, gold reached $1,186.30 per ounce as investors continue to react to major financial news about gold.

News like this will only drive demand and prices higher, and supplies lower. Get your 2009 Gold American Eagle and 2009 Silver American Eagle coins at Monex while we still have a supply to meet our customer's needs.
Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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If we went back to the Gold Standard. Gold would be $54,000 oz

2009-11-06T18:32:00.000-08:00

The truth is the truth is the truth. All you need is a pencil and paper to figure out that Gold is heading north with Silver about to break into a sprint. Eventually all lies will come out in the wash and the free market will reign supreme. As the dollar and yes the Euro crumple, there will be a mad rush to precious metals. This march is already beginning in certain sectors such as the tiny American patriot community, who buy up to 25% of the world's silver supply. World Gold demand is $80 billion. The world Silver market is only 1 billion. Americans currently buy less than .2% of the world's physical gold supply while they invest about 25% of the Silver market. Clearly, Americans are aware that Silver has more upside potential. If you take the Gold high of $850 in 1980 and you adjust it for inflation with the rigged U.S. government statistics, you should have a gold price of $2,275. If you factor in that there is actually $14 trillion dollars in circulation, then the fiqure shoots to $53,000 and change. Hey, mister can you spare a dime...
The facts are this the price is only going to go north in the next few years with any dips as merely buying opportunites. Until there is an expansion of Gold and Silver mining, there will be no new supplies added to the market to offset demand. We have not even factored in the population growth which has easily doubled since 1980. Eventually sanity will return to the world with the return of commonsense and yes a gold standard. It's inevitable as you study historical cycles.
To read up on the historical relationship of Gold to money there is the Creature from Jekyll Island.

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Silver set to outpreform Gold, Gold at all-time high $1096

2009-11-06T18:24:00.000-08:00

Jason Hommel founded the New JH MINT this year to support his national online silver auctions. In 2008, Hommel was selling 5000 ounces of silver per day. He could have sold more, but the turn around times were the limiting factor. It took about 2-4 weeks to obtain 1000 oz. bars, and it took another 3-8 weeks to manufacture 1 oz. rounds. Selling any more than 5000 oz. per day would risk selling out. On a peak day in 2008, Hommel sold 13,800 oz. of silver, which weighed nearly 1000 pounds.

During the fall of 2008, most coin shops around the nation, and around the world, were sold out of silver, and most continue to hold very little silver in inventory.

In contrast, the JH MINT holds over 30,000 oz. of physical silver in inventory at the present time.

After minting nearly 300,000 rounds at a cost of $.50 each but which took over 8 weeks, or minting at $1.50 per round for a faster turn around time, it seemed feasible to found the JH MINT, both to save costs, and to speed up the turn around time.

Opening up a coin shop at the front of the JH MINT was an afterthought. Hommel explains, "I didn't really expect that the community of Grass Valley and Nevada City of about 30,000 people would be able to support a coin shop of our capitalization and size. Usually shops of our size are located near a big city. When my family was buying silver and gold, I was driving all the way down to the Bay Area to buy bullion. Fortunately, our national auctions of silver got big enough to be able to support founding the JH MINT, which allowed for space for the coin shop in the front of the building. So, technically, our shop did not need to be supported by local dealing, we do more business on a national basis, shipping everywhere in the USA."

"However, we have sold about 9 times as much to the public than we have bought, so we have had to re-supply from other gold and silver wholesalers. For over 15 years, the opposite was usually the case, where coin shops would generally buy from the public, and then dump to refiners. But in 2008, the public turned into net buyers when silver prices exceeded $20/oz., and when gold exceeded $1000/oz. for the first time.

"I was pleasantly surprised by our good business volumes the first month of operation, which showed comparable volumes to the Rocklin Coin Shop, which has been in operation for 5 years, which we bought in April, 2009. Perhaps our national presence has helped our local marketing efforts, as many locals are aware of my newsletter at www.silverstockreport.com. And also, it seems our national sales volumes are up due to having founded and opened up a real mint, which seems to have helped our credibility, which is important in the gold and silver business.

"Locals living in our historic gold mining district seem to know that gold and silver prices are too cheap. After all, our town's gold mines are still mostly non operational. If gold prices were really too high, then our town would be a gold boom town again, and clearly it's not. We don't have any major new tunnels in construction, we don't have any mine shafts being built, the old Empire gold mine is still a museum, no timber is being clear-cut to support massive construction of underground tunnels, none of that is happening yet. I'm sure most locals are aware of the attempt of Emgold (www.emgold.com) to re-open the Idaho-Maryland Gold Mine, but it's still just in the development and feasibility phase.

Gold may be at "all time high prices" but those are in nominal terms. If you adjust for inflation, the high of $850/oz. in 1980 can be seen to be about $2,275, if adjusted for inflation in CPI terms. But those are "official government" inflation numbers, which understate inflation. A better inflation adjustment might be found in M3 numbers, or money in the banks, but the government is no longer reporting that statistic. Private sources suggest that M3 has grown by about 8 times since 1980, suggesting an inflation adjusted price of $6,800/oz.

Some have suggested that the US government might back the dollar with a 10% gold backing. But that is completely unrealistic. The JH MINT could back the dollar by 10%. To do that you just need to over value gold by about 10 times. If we offered gold at $11,000 per oz., I'm sure there would be no takers, and we could say that we have "enough gold" to back the dollar by 10%. So a partial gold backing for the currency is just a clever way to disguise the current fraud of the dollar. In truth, the US government cannot even back the dollar even 2% with gold. Official statistics show that the US government has 261 million oz. of gold. With money in the banks exceeding $14 trillion (and a trillion is a million million), that's $14 million / 261 = $53,639/oz.

But other researchers show that the US does not even have 261 million oz. (about 8117 tonnes) of gold, since www.GATA.org researchers suggest there was a 3000 tonne gold swap with Germany.

GATA's thesis is that central banks have been manipulating gold prices for the past 15 years, and are losing the battle to keep prices low. Central banks have been selling and leasing about 1000 tonnes of gold into the market each year, which suppresses the price, acting as additional, and unsustainable, supply. In 2008, central banks finally became net gold buyers.

This month, India bought 200 tonnes of gold from a long awaited sale of 400 tonnes of gold from the IMF. But since India was a custodian of IMF gold, this might have been short covering with no movement of physical gold.

India is now importing about 18% of the world's supply of gold, 450 tonnes per year, yet spends only 1% of India's GDP to do so.

I'd estimate that Americans, in general, purchase only about $2 billion of gold per year, out of a GDP of about $14,400 billion, showing that Americans spend 0.01% of GDP on 2% of the world's gold supply. Clearly, American sentiment is not setting the price, except to say that Americans are helping gold prices remain low by not buying it in significantly meaningful quantities.

In 2009, the US Mint has produced over 1 million oz. in Gold Eagle coins, and I'd estimate that gold eagle sales are half of what we sell to the American public. At $1000/oz., that suggests an annual demand of a paltry $2 billion for America.

Of course, many Americans buy the ETF's, or "exchange traded funds" or have "bullion accounts" with large banks. But those are probably all fraud, in my opinion, since the BIS, the Bank of International Settlements, has calculated the "over the counter" gold derivatives of as high as $600 billion, and in "other precious metals" accounts, which would be mostly silver, as high as $190 billion.

Those numbers are just impossibly high, since the total annual silver mine supply is about 600 million oz., which, at $17/oz., is only a $10 billion annual silver market.

It seems that most Americans who are aware of precious metals seem to know better than people around the world that silver is set to outperform gold.

World gold demand is $80 billion, while world silver investment demand is only $1 billion, or 1/10th of the silver market, with the rest of the silver going towards electronics, jewelry, flatware, and movie production.

So world investors buy 80 times as much gold as silver. But at our coin shop, it's about 50/50, with half of sales being silver, the other half being gold. Americans, while mostly not participating yet in buying gold and silver, do seem to understand that silver will outperform gold.

We have many customers who will bring in gold, and just swap it for silver. We don't have any customers who will give us silver for gold.

Warren Buffett made a curious comment about gold in 1998 at Harvard that has been quoted frequently since, "It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head."

But gold has a perfect utility. It's a store of value. Anyone with half a brain knows that you protect valuable things from being stolen, you don't leave them unprotected, because there are dishonest people in the world. Gold protects men from other dishonest men. And that's quite a useful value, besides being valuable in itself.

And Gold becomes even more valuable, when other men cannot see the value of gold, because that's when you can buy it cheap, like today. And if you can buy gold cheap, then it's not only a good store of value, but probably it will be an excellent store of value, as it continues to gain in price much faster than most other investments.

Since 2001, gold has increased over four times from $250/oz, to $1090, the last quote on Thursday, Nov. 5th.

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The Threat of Confiscation of Gold and Silver

2009-10-23T12:48:00.000-07:00

Risks of Silver in an IRA
(Confiscation, bankruptcy, & theft risks!)
Silver Stock Report
by Jason Hommel, October 22nd, 2009

A summary of the main risks:

1. Custodian theft risk
2. Custodian bankruptcy risk
3. IRA rule change risk
4. Confiscation by government risk
5. Third party common theft risk
6. Lack of IRA benefits risk
7. ETF custodian risk
8. ETF sponsor risk
9. Confiscation by government risk

1. Custodian theft risk - All IRA money must be held by a broker, who is the custodian of the IRA account. If you keep up with the news you occasionally hear of brokers who clean out client accounts, and disappear. The largest of such thefts are in the Billions.

2. Custodian bankruptcy risk - The company that is the IRA custodian may go bankrupt. In theory, IRA accounts are safe from such bankruptcy, but only if the custodian was playing by the rules. Companies go bankrupt also, and drain their own employee 401k accounts, too.

3. IRA rule change confiscation risk - The Federal Government, early last year, was contemplating forcing investors to put IRA money into government bonds, "for the safety of the investor" of course.

4. Confiscation by government risk - At present prices, a government confiscation order of silver or gold seems unlikely, due to the relative size of the markets. IE, the $1-2 billion silver investment market is too small to signify anything to the budget of the USA government.

Furthermore, it's unlikely given that the government continues to mint and sell Silver Eagles and Gold Eagles, which can be held in an IRA. Gold Eagle sales are also under $1 billion in the USA.

However, defaults, meaning, the failure to deliver metal, and the massive rise in precious metals prices that follow, happen when they run out of metal, not at certain prices. If the past is any indication, they will run out of metal, while metals prices are still relatively low, and then the price will take off.

I think a confiscation order will be made for several reasons, and will have several effects. It will first be used to let JP Morgan off the hook for their massive precious metal delivery requirements, and it will let them "cover and pay out" all such precious metals over the counter contracts in paper cash, while paper cash prices are low.
Second, a confiscatino order can be used to confiscate the precious metals in all private, non-bank, warehouses where there are storage programs that honestly have the metal. The banking establishment hates competition, and may wipe it out by executive order.
Third, after obtaining precious metal by theft of those institutions who honestly held it for third parties, they can continue their price manipulations for a second season.

5. 3rd party theft risk - Pooling money or metal together into one place always increases the risk of theft by regular and common robbers & thieves. When asked why they robbed banks, the famous robbers said, "Because that's where the money is."

Which one of the following is more safely held and harder to steal? Is 10 million oz. of gold in one place safer, or 10 million oz. of gold held by 10 million armed individuals safer?

6. Lack of IRA benefits risk - The whole point of putting money into an IRA is to let it increase in value, tax free. There are no capital gains taxes when you sell in an IRA, but there taxes are when you "cash out", at which point, the IRA money is counted as real income. If income taxes ever increase to 80-90%, as they did during the Great Depression, then nearly all of your "tax free gains" will go right back to the government, and you will not significantly benefit from the capital gains in your IRA accounts. (ROTH IRAs are an exception.)

The whole point of bullion is that it is private. Once it is in your hands, no government has any ability to track it. After all, you could sell your bullion at any time once you buy it, and there are very few reporting requirements on silver or gold sales. There is a cash transaction report (CTR) required if you sell 10 bags of 90% silver, which would be $10,000 in "cash", and there is a reporting requirement if you sell 25 Gold Eagles at one time. And that's about it. So, for the majority of people, for the majority of bullion sales, they can sell their precious metals at any time, with no reporting requirement, and thus, it is entirely up to them to volunteer the information about their capital gains that they may have "earned".

7. ETF custodian risk - Many people put IRA money directly into the ETF's for convenience, so I will now talk about ETF risks. The ETF custodian is the one who vaults the precious metal. Ok, if you do choose an ETF, please choose CEF, the Central Fund of Canada. They are the only one who I think actually has a good chance that they actually have the metal. But even CEF is not safe, as they are in Canada, and the Canadian government has no gold or silver. Thus, in the event of a Canadian currency crisis, Canada is likely to confiscate the metal in CEF or any other Canadian storage program or bank. Canadian banks, in general, are not more sound than those in the US, they are less sound, in my well researched opinion. Many Canadain banks issue silver certifictes, yet there were many reports of people last year who could not obtain silver at any price from their banks in 2008 during the retail silver shortages.

The SLV and GLD ETF's in my opinion, are total frauds. The custodian of SLV is JP Morgan, who is the largest silver short at the COMEX, and who has the largest position in over the counter derivatives at over $80 trillion. That's a tremendous conflict of interest, and a clear warning sign. In my opinion, the silver in the SLV is already "long gone", or they only have a tiny fraction of the silver on hand. What's worse is that they can now deliver SLV shares to futures contract holders, and they can deliver futures contracts to back up SLV shares. Ponzi behind Ponzi, fraud backing fraud. The GLD custodian is HSBC, a similar bullion bank with similar positions and problems.

8. ETF sponsor risk - The ETF's are also at risk if their sponsor goes bankrupt. It could disrupt trading, or the viability of the whole thing. Or, it could be used as an excuse by the custodians to default on delivery of silver, trying to place the blame on the structure or sponsor of the ETF, instead of their own fraud. In fact, the custodians could force the bankruptcy of the sponsor, as an excuse to fail to deliver, or as an excuse to confiscate what little bullion the fund may actually have, and then deliver futures instead.

9. ETF short selling risk - Also, there is the short selling risk, as the EFTs can be sold, naked short, which circumvent the entire point of each share being backed by metal. Shares sold short are not backed by metal deliveries, and can be used to manipulate prices lower. In my opinion, investors who put money into the ETFs are helping to manipulate precious metals prices lower. Demand for physical metals is diverted by these paper alternatives.

9. Confiscation by government risk - Yes, I'm listing this twice, actually, three ways. IRA money is at risk of confiscation by government, simply by being in an IRA. IRA moneies can be forced to be invested in bonds, or they can be taxed at extremely high rates upon withdrawl. But the third government confiscation risk is if the government confiscates the ETFs, as a means to let the custodians who are practicing fraud off the hook, as a method of "bailout".

Confiscation will never include the government sending thugs to all 100 million USA homes to do room to room, and vault to vault searches. It never has, and never will, not in America, not as long as the people still have guns and working vaults. Government confiscation thugs would get to the 10th house, be blown away, and promptly end the searches. If lazy pot smokers have been able to hide pot from the government for all these years, and the "war on drugs" been a total failure, isn't that any guide at how much more impossible it would be to take silver or gold from the militant, ready, anxious, wise silver and gold investors, many of whom are veterans? The government would and could only confiscate the silver in known storage locations, such as the ETF's or other popular precious metals storage programs that actually have the bullion.

If you are comfortable with all these risks, please pay attention to the news on a regular basis so you might be able to take appropriate action at the appropriate time.

I used to have money in an IRA. I no longer do. I did not have to pay the 10% penalty upon withdrawl, because it was in inherited IRA. I cashed out my IRA because I have been paying close attention to the news.

Remember, governments steal. It's what they do.

That's the entire point of owning gold and silver. They are the hardest assets to find, and the hardest to steal.

The government is already confiscating money through taxation, and inflation through bank bailouts. The bailouts also indicate that the assets those banks hold have been stolen long ago. To trust them with your IRA accounts, or ETFs, is just begging for trouble.

So, what to do? Take it home. Get a home security vault. Vaults work. It's why they make them. They make many sizes, ranging from a small cash box, to a large gun vault the size of a refrigerator. Bolt the vault down from the inside to wall studs, or to concrete in your garage floor. Maybe disguise the vault with a cabinet. Have multiple vaults if you can afford it, or need it. Get a security system, burgler alarm, & dogs if necessary. Gates or bars outside your home or driveway are another option. it's very simple, and reliable, and people have been doing that for hundreds of years with great success.

if you are afraid to put one in your own home, consider moving to a better neighborhood. Consider putting a vault in your parents' or childrens' home for diversification. You don't have to give them the combo, if they are nice about it.

Home theft risk is very very small by comparison. Common home theives getting into a secure vault is very, very rare. It's so rare, they love to put it on the news if it happens, as a way to condition you to trusting the banks.

==========

I strongly advise you to get real gold and silver, at anywhere near today's prices, while you still can.

Call us today.

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Gold At $5000 per oz Do the Math, just do the Math

2009-10-11T13:27:00.000-07:00

(So little gold at $1000/oz. for China, Germany, or Oil nations!)
Silver Stock Report
by Jason Hommel, October 9th, 2009
There is very little understanding of the relative size of the gold market, let alone the silver market.

In the gold market, the IMF has continued to "threaten" to sell 400 tonnes of gold, about once or twice a year, for the past ten years, to help "relieve the poverty" (yeah, right) of indebted nations who generally produce gold, and would actually be benefited by a higher gold price, not a lower gold price. This always results in a flurry of news stories, and usually panic among gold investors who are on leverage, who know next to nothing.

You never hear about how China actually was buying 500 tonnes over the last 8 years.

You never hear in the popular news how China wants to buy $80 billion more gold.

That would use only a tiny fraction of China's $2131 billion of foreign exchange reserves.

$80 billion in gold, at $1000/oz., is 80 million oz., which, divided by 32,151 oz/tonne, is 2488 tonnes, which is almost exactly the same amount as the annual production of all the world's gold mines.

You never hear that China has so many dollars that they want to buy all the world's annual gold mining production, as a small and tiny diversification, for years to come. But I just provided all the proof for that statement.

You never hear in the mainstream press how Germany swapped about 3000 tonnes of gold with the US, and wants their gold back, which again, is just over the entire world annual gold mining production.

You never hear that if the oil producing nations decided to sell oil for gold, what that would mean for the gold price.

Well, actually, we did hear something similar to that this week, a "vicious rumor" that led to the current $50 rally in the gold price.

Recent article:
The demise of the dollar
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
By Robert Fisk
Tuesday, 6 October 2009

But this might mean only that "gold should go up" is maybe all you'd hear. And actually, we quickly heard denials of the rumors that the Saudis would sell oil in something other than dollars.

But what are the implications? Anyone run the numbers? Why is it that in today's world, no journalist knows how to run the numbers to see the implications? Was everyone born after 1950 a failure in basic math classes? I mean, come on, this kind of analysis only requires the application of 7th grade math!

I ran the numbers eariler this year, in March.

At $40/barrel, the world spends $1.2 trillion, or $1,200 billion, on oil per year.

Oil is now $71/barrel. So $1.2 x 71/40 = $2.3 trillion spent on oil per year now.

Gold is now $1055/oz., which, at 80 million oz., is $85 billion on gold per year.

Thus, if all the world's new annual oil production was sold for all the world's new annual gold production, gold prices would have to rise by a factor of 2,300/85 which equals 27 times, or 27 x $1055 which implies a gold price of $28,500 per oz.

And that would, of course, allow no room for China to buy any of the 2500 tonnes of gold that they want, nor allow the US any room to buy back Germany's 3000 tonnes of gold that they sold to manipulate the market downward to fool the world into thinking that the dollar was somehow "strong".

I don't know why people don't get this. Math matters. To engineers, it's life and death when building a bridge. You'd think that the world's engineers and math teachers would be screaming at the top of their lungs to get people to buy gold, simply because of the implications of the math. Where are they? The thing I don't understand is why most people refuse to run the numbers. And why don't they understand the implications of the numbers that I present?

It's clear to me that gold is going higher than I can imagine or forecast, and that silver will do a lot better.

I strongly advise you to get real gold and silver, at anywhere near today's prices, while you still can.

Call us today.

Yes, we sell silver, and gold at the JH MINT!
Buy it now! Buy Silver or Gold Now!
Inventory & Price List

Goldmoneybill.org Promoting fiscal sanity. Support a return to metal-backed currencies through state sound money bill.

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China Encourages New Silver Investment

2009-09-26T17:14:00.001-07:00

Goldmoneybill.org Supporting a return to a gold standard.

The Tiny Silver Market ready to explode with new investors

2009-09-26T16:55:00.000-07:00

Silver Stock Report
by Jason Hommel, September 25th, 2009

The Silver Market is small. Very small. I don't think people quite understand how small it is, nor understand fully the implications, meaning how much higher silver prices must go as the market grows to accommodate future silver buyers.

Confusing matters is that the terms million, billion, and trillion mean different things, in different nations, and other nations also have different notations for how to write numbers exceeding 1000. Furthermore, most Americans are also unfamiliar with the terms, since most people don't use these terms in daily life. Who needs a billion french fries? But you do need to understand the numbers, in order to interpret political events, such as the amounts being spent by Congress.

Here are the American conventions, which I use in my writings. A thousand is written as 1000 and is notated with commas as 1,000. In America, we use a comma after every three zeros, starting from the far right, so every comma signifies another multiple of 1000.

A million is a thousand thousand. 1000 x 1000 = 1,000,000, also written as a million.
A billion is a thousand million. 1,000 x 1,000,000 = 1,000,000,000 also written as a billion.
A trillion is a thousand billion. 1,000 x 1,000,000,000 = 1,000,000,000,000 also written as a trillion.
A quadrillion is a thousand trillion 1,000 x 1,000,000,000,000 = 1,000,000,000,000,000 also written as a quadrillion.

Knowing that, we can now interpret the following key figures:

The annual Federal Budget these days is about $3 trillion, which can also be written as $3000 billion, or $3,000,000 million, or $3,000,000,000,000.
Federal Budget

World annual silver production is about 600 million ounces. World annual silver investment is about 50-100 million ounces. All of mine production, and more, including recycling, is consumed by industry, leaving very little left over for any investment.

At $16/oz., x 75 million oz. = $1,200 million, or $1.2 billion, or $0.0012 Trillion.

Again, let's compare:

US annual government spending: $3 trillion
World annual silver investment demand: $0.0012 Trillion

Can you say, "The US government is spending way more than exists in the entire world?" I can. It sounds funny to say it, but I understand what I mean when I say it.

But that's only silver, some will protest. But adding gold to the mix does not help. Watch.

World annual gold mine production is 2500 tonnes, which is (x 32,151 oz/tonne) is 80.3 million ounces. At $1000/oz., that's $80 billion dollars, or $0.08 Trillion.

See, not even all the gold in the entire world's annual production would help the US budget. Gold would have to increase by a factor of 3000 / 80, which is 37.5 times, in order for the entire world's gold production to equal the US government's annual budget. See, gold will go way above $37,500/oz. by the time this bull market in gold is finished, because there are other people in the world who want gold in addition to the US government.

China wants gold. China has said they want $80 billion worth of gold. China has $2130 billion to spend on gold, or $2.13 trillion of foreign exchange reserves.

China's Foreign Reserves.
If China tries to buy a mere $80 billion of gold within one year, the gold price will likely head to $1500 to $2000/oz. this year. But China does not want to push up the price of gold to make it double in price. If they do, the value of the remainder of their $2130 billion will be cut in half.

Too bad for China, they have no choice. The value of their paper money will be cut by 95% or more anyway, even if they do nothing, as other nations, besides the US and China, also want gold. So it will come down to the reality, for everyone, that some gold is better than no gold! And silver, of course, is always better than gold, because silver will increase in value much faster!
How will $2,130 billion of China's foreign exchange reserves fit into the annual silver market of $1 billion? Think about it. Think carefully. Think hard. Think!

Here's what I think. If China's people started buying $1 billion of silver per year, the silver price would head to $25/oz.

If China's people started buying $10 billion of silver per year, the silver price would head to $75/oz.

If China's people started buying $100 billion of silver per year, the silver price would head to about $750 per oz.

Can you say "Not enough silver!"? I can. There is a world silver shortage, and there will be a world silver shortage for the next few decades to come, probably until silver exceeds thousands of dollars per ounce in price!

There is no possible way that the silver price can be contained for very long, unless they discover a way to divert investment demand away from the limited physical silver, and convince people to hold things like ETFs, or futures contracts, or 'bullion accounts' instead. Oh yes, they have. But not for long, as the truth is getting out.

Sprott's Embry warns investors to make sure ETFs backed by precious metals
EFT's

The Bank of International Settlements reports there are $111 billion in "Other Precious Metals (IE, Silver) over the counter derivatives, as of Dec. 2008. (We await June 2009 stats.)
BIS
from
June 09 BIS

A man asked me this week at the JH MINT, "How'd you get into this?" I laughed and said, "The obvious!" He laughed too. What's not obvious to me is why everyone else is so deceived by paper money. It's really not all that special at all. it's just numbers on paper, signifying nothing!

One of my major wholesalers has a bullion precious metals inventory of $1/2 billion including both silver and gold. Another major wholesaler is a major warehouse for the COMEX. I don't think either one would let me order more than a few million dollars at once at a fixed price, because that would probably move the price up.

Yes, we can handle multi million dollar silver orders by placing orders direct with many of the nation's largest wholesalers, but be prepared to move up the price as you buy. And we can order for delivery in Grass Valley at the JH MINT. Call us today.

USCivilFlags.org What America would look like debt-free, based on the original US Treasury flag.

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Montana Sound Money Bill Video

2009-09-25T19:14:00.000-07:00

The price of Silver has risen 50% this year. Sound Money is the only defense against theft by inflation.

Maryland Gold Money Bill

2009-09-25T18:55:00.000-07:00

http://mlis.state.md.us/2009rs/billfile/hj0005.htm#Exbill

With 7 Gold Bill resolution in state houses nationwide, there is a buzz building up for a return to the gold standard. Support your state congressman by downloading the original Gold bill that has been created by Dr. Edwin Vieira, it can be submitted with minor modifications to any state in the union.

U.S.Civil flag- A vertical striped Treasury flag representing America as it should be debt-free and under a gold standard and the common law.

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The Secret Gold Bull Market is back

2009-09-17T19:14:00.000-07:00

Silver Stock Report

by Jason Hommel, September 17th, 2009

One trouble with Americans is that we think we are the center of the world. We do have about 5% of the world's population, and use up about 25% of the resources. That's mostly a function of being significantly "wealthier" than the rest of the world. But that's mostly paper wealth. Will it last? Only if we buy at least 25% of the world's silver and gold. Do we? Not in gold, but we do in silver! Let's get to the facts.
Worldwide, the world buys about 80 times as much gold as silver, for investment. The world annually purchases gold worth $80 billion (about 80 million oz., or 3500 tonnes). If American-led Central bank selling did not help meet demand and add to mine supply, then the gold price would go up faster than it already has. Remember, central bank selling is a manipulative and unsustainable supply source.
The annual silver investment market is only $1 billion. Annual production is about 600 million oz., but only about 50-100 million oz. is purchased for investment.
These figures show that the world is buying 80 times as much gold as silver, for investment.
American investors seem to buy more silver than the rest of the world. Why? I would guess that we seem to know more about the supply/demand statistics, and know that the silver market is much smaller, and know that the silver/gold ratio shows that silver is cheaper. Maybe it's because we recently used silver in our currency as late as 1964, and many other nations don't have such a recent history of using silver as money?
Sales of American Gold and Silver Eagles show that Americans are purchasing about only 3 times as much dollar volume of gold Eagles as Silver Eagles per year.
Production figures:
U.S. Mint Gold and Silver Eagles sales.
Show that for 2009, from January to September, the US Mint has produced:
903,000 Gold eagles, and
19,364,500 Silver Eagles.

At an average price ratio of 60 to 1, at about $15 for silver and $900 for gold, we have dollar volumes of:
Silver Eagles: $290,467,500
Gold Eagles: $812,700,000
The last figure, the ratio of 812/290 shows that Americans buy about 2.8 times as much dollar volume of gold Eagles, than Silver Eagles. That's dramatically different than the world ratio of 80 to 1, and thus, heavily skewed towards silver!
But do Americans buy 25% of the world's gold and silver? Not in gold. Gold Eagles are about 1/100th of the overall world gold market. Silver Eagles are just over 1/5th of the world silver investment market (20/100 million oz.!)!
Wow, I never realized that American investors favored silver that heavily. Congratulations, America!
And many silver buyers buy silver other than in Silver Eagles! So, perhaps Americans are buying up to 1/2 of all silver investment demand. Fantastic job America! That implies great news for the future wealth for America.
Unfortunately, the $300 to $600 million that Americans spend on silver is only a tiny, tiny, tiny fraction of the overall investable wealth of Americans. If the word gets out about silver to the majority of Americans, silver prices have no choice but to explode. Imagine if Americans spent ten to one hundred times as much money on silver each year! It's possible, and perhaps even likely, as the truth about every thing tends to be exposed and get out at some point.
Nevertheless, given current national actions, I tend to think that the average coin shop would carry 3 times as much gold as silver, to match overall market demand.
But knowing what we know about silver, we do the opposite, fortunately, for our own future capital gains, and for our customers.
We carry about 3 times as much silver, as gold! And fortunately, our customers buy about the same dollar volume of silver and gold.
Americans are not driving this bull market in gold. In a sense.
What I mean is that Americans are not buying enough gold in significant quantities, as Gold Eagles are 1/100th of the gold market. But rather, American politics, which requires massive printing of US Dollars (Sorry, Federal Reserve Notes), is, indeed, driving gold prices higher.
Americans are not buying enough gold to drive gold prices up.
Americans, over the past decades, have elected politicans whose policy decisions require printing more paper money, and that's driving gold prices up, as other nations see our foolish action of priting up too much money, and other nations are wisely buying gold.
Since I have started dealing silver and gold, maybe I have better observations about the silver and gold markets, and perhaps less time to write about them.
Over the last 6 weeks, we have bought and sold about the same amounts of precious metals to and from our customers, and we have accumulated a bit more gold from the public selling gold for silver. We have not had to order very much from our wholesalers, or other mints. Enough people been cashing out their silver and gold, enough to balance out our trade.
Americans buy less gold than other nations (1/100th of the world market?), and much more silver (40% of the world market?), but could still buy much, much, much, much, much, much, much, much, much, much more of both. This bull market in precious metals is barely getting started.

Between the JH MINT and the Rocklin Coin Shop, we have over 50,000 oz. of silver and 300 oz. of gold, available for immediate purchase. We can also easily handle multi million dollar orders by placing orders direct with many of the nations largest wholesalers. Call us today.

Yes, we sell silver, and gold!
Buy it now! Buy Silver or Gold Now!
Inventory & Price List
Call Breana or Janelle, 10AM to 4PM Pacific, Monday to Friday:
100 oz. silver minimum, USA shipping, wire transfer only!
Breana (530) 913 4359 silver_support@vzw.blackberry.net
Janelle (530) 913 0553 silver_support1@vzw.blackberry.net

Ohio Honest Money Bill

2009-09-17T18:38:00.000-07:00

Although there is no active bill in the state legislature. The people in Ohio are very well organized. Ohiohonestmoney.com
Why does it get harder and harder every year for average Americans to make ends meet?

Why does the quality of products we buy keep decreasing and we seem to get less for our dollar?

Why is virtually everything we buy imported from overseas, and the American manufacturing base has all but disappeared?

Why has America quickly gone from the largest creditor on earth, to the largest debtor on earth?

Money is something that effects almost everything we do, yet very few of us know much about money and how it comes into existence. The answers to the questions above, and the solutions to our current economic problems can be found by looking at the problems with our money, also known as the monetary system.

The founding fathers understood that in order to have a truly free and stable society, people needed to live under a sound and honest monetary system. Yet over the past century we have gone from a monetary system left by the founders based on something real like gold and silver, to a fiat system that is based solely on trust. It is based on trusting that politicians in Washington and a non-governmental banking cartel called the Federal Reserve will always know how much money and credit the economy needs, and will always act in the best interest of the American people instead of their self interest. Yet this has not always been the case.

The Ohio Honest Money Act is a way to address monetary reform at the state level. If you already support sound and honest money in Ohio, we encourage to sign the petition on this site showing your support. If you are still exploring, we encourage you to look over the information on this site like the videos and keep asking questions. The founding fathers believed that government and banks having too much control over our money was one of the greatest threats to liberty and prosperity. The fact they were right is becoming more and more evident every day.

Goldmoneybill.org is the originator of the state sponsored Gold currency bills.

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Constitutional Homeland Security Book by Dr. Edwin Vieira

2009-09-17T18:22:00.000-07:00

Constitutional Homeland Security
A Call for Americans to revitalize the Militia of the Several States. Vol. I Our Republic is on the verge of Revolution with inhabitant unrest fearing; the burgeoning police state under a neo-fascist "homeland security" banner...the cultural and economic threat of unchecked Mexican immigration...the increasing strictures on our God-given rights, the second and fourth amendments. The fake War on Terror conceived to eliminate our rights.

How in the world can the citizens of these 50 sovereign States, return to the liberty and self-government that was guaranteed in our founding documents, the Declaration, Articles and the U.S. Constitution?

In this little guidebook for American citizens, constitutional scholar Dr. Edwin Vieira, Jr leads us back to the rule of law, step by constitutional step! What an erudite, plain-speaking, and eminently "do-able" plan the author presents!

This is no guidebook for rifle-toting "Montana Freemen" nut-cases; it is a measured, historically documented plan of action for truly reclaiming our liberty and our "homeland security", one neighborhood at a time, in concert with local "first responders" (police, fire dept, EMS, et al) but entirely on a volunteer basis: orderly, law-abiding, serious-minded citizenship, just as our colonial-era forefathers -- and the framers of the Constitution -- intended!

After you read this book (believe me, you'll be full of hope and ready to say, "Let's Roll!") just imagine the 4th of July, 2010...in 535 American towns and cities, holding an "AMERICA AGAIN!" rally, to institute the "Citizens' Homeland Security Associations" that Dr. Vieira introduces in this masterful book! I tell you, never in my life have I had such hope in the future of this republic -- if only people will read such books as this one, and actually take them to heart.
This book is the basis of the revitalized militia, it is a blueprint for implementing a well regulated militia in modern times called the committees of Safety.

Missouri Gold Currency Bill

2009-09-17T15:09:00.000-07:00

Missouri Gold Currency Bill HB-561. This bill has been proposed on August 28th, 2009. It is currently not on the calendar as of yet. The original bill can be downloaded at Goldmoneybill.org to be submitted to your state legislature.

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Colorado Gold Money Bill

2009-09-17T14:52:00.000-07:00

This is a copy of the Gold Money Bill HB09-1206 in the state legislature in Colorado.

The original bill was submitted in the New Hampshire state legislature. It failed by a narrow margin in the house. You can download a copy of the original bill and take it to a state congressman in your locale. It has been written where it can be submitted anywhere in the nation with minor modification.

Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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Edwin Vieira on Economic Federalism

2009-09-17T00:04:00.000-07:00

Economic Federalism - Dr. Edwin Vieira. Ph.D, J.D. from StandUpForLiberty on Vimeo.

Dr. Vieira is the writer of the Gold Money Bill and the novel Crashmaker about a libertarian winning the Presidency and the federal reserve being crashed by a rogue trader.

Indiana Gold Money Bill

2009-09-16T23:52:00.000-07:00

This is a byproduct of Dr. Edwin Vieira Original Gold money bill for the state of New Hampshire found at Goldmoneybill.org

Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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Ron Paul on Morning Joe New Economic bubble solution to Old Bubble

2009-09-15T10:47:00.000-07:00

Obama's solution? Just make bigger bubbles. Housing Bubble, currency bubble, debt bubble. If you want to capitalize on the bubble and hedge against these bubbles. Apmex.com a reliable silver supplier. I buy physical metal only, forget etf's they are paper held by the same people blowing smoke up your rears. Did you know the origen of the term blowing smoke up your ass? They actually used to do smoke enema's? I kid you not.
Smoke enema's

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Ron Paul Warns of a Global bank

2009-09-15T10:30:00.000-07:00

Steve Watson
Infowars.net
Friday, Nov 28, 2008
Texas Congressman Ron Paul has warned that international forces are planning the creation of a global central bank that will see a new fiat monetary system come to dominate the world economy.
The 2008 presidential candidate also warned that Barack Obama’s administration will only represent a change in faces and not in policies.
Speaking about the recent G20 meeting Paul told Russia Today:
“I think something will come of it but you probably didn’t hear about it yet. There was some pomp and ceremony that the public knew about, but behind the scenes they were talking about the future and what they are going to do to try to internationalize all regulations, going in the opposite direction of free market and more towards international regulations. I’m sure they even talked about an international central bank.”
Paul also pointed out that global bankers have been holding their own talks on the same matter:
“At the same time the G20 was meeting, we also had the central banks meeting in Europe. Bernanke was over there, and they are doing the same type of planning, so real planning will not be out in the open, until they want us to know about it.” the Congressman said.
“The system that we have today where the fiat dollar is a reserve currency of the world, it’s losing that status and they have to replace it. Hopefully they’ll have enough sense to realise that another international agreement along the Bretton Woods will be no more successful than the last one.” Paul continued.
The Congressman argued that more regulations administered by central banks, rather than placed on to central banks, represents a dangerous move away from the free market.
“We could restructure by getting rid of all the central banks, then you would have honest money come up because nobody could commit fraud. Governments get away with committing fraud – that’s what fiat money is.” Paul commented.
The Congressman warned that an Obama presidency offers no alternative to the economic policies that have led the U.S. and the world to the brink of economic meltdown. Paul Described the kind of change Obama offers as:
“Just change in faces and change in party labels. Both parties represent the same special interests, they both have to represent big business. Obama’s supposed to be a man of the people, well he collected $750 million, more money than anybody else ever collected. Wall Street supported him, the media supported him, all the big money supported him, so his change is not going to be much change at all. He’s not talking about changing monetary policy, the Federal Reserve or getting rid of the income tax or bringing our troops home.”
Paul also commented that he does not believe Obama will withdraw troops from Iraq and pointed out that he has never said he will close down the military bases throughout the country and eliminate the huge embassy in Baghdad.
“Policy will remain interventionist,” the Congressman warned. “We will remain in the middle east and we will not be coming home, we’ll stay in Korea, we’ll stay in Europe, we’ll be in eastern Europe, we’ll be doing all these things. Even though Obama benefited tremendously from ‘change’, all we are changing is the face of our government.”
Paul also warned that the stage has been set for fresh terrorist attacks in the U.S. as a consequence of a sustained interventionist foreign policy.
PrisonPlanet.com

Watch the Ron Paul Interview here.

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$5000 oz Gold Coming to a theatre near you soon

2009-09-14T00:36:00.000-07:00

Goldmoneybill.org A return to a gold standard through the state governments.

Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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China says Silver is Vastly undervalued

2009-09-07T18:19:00.000-07:00

Energy program that removes Fear and Negativity.

Silver is your means of preserving your wealth. Monex is the low-cost Silver retailer. Jump on the 500% rise in Silver over the next two years. 800-949-4653 x2172
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China Recommends Buying Silver to it's Populace

2009-09-04T19:04:00.000-07:00

This is a brillant strategy if you really wanted to take down the International bankers. The manipulation of Gold and Silver in the world markets can be stopped in a jiffy when the John Q. Public starts to buy up the physical metal supply. Trading back and forth EFT, just supports the bankers illusion that they have not leveraged their Gold and Silver supplies to make there fake paper currencies look legit.

We are indebted again to Paul Mylchreest's Thunder Road Report for news that will bring big smiles to gold and silver investors everywhere. Apparently China is pushing the idea of buying gold and silver for investment purposes to the general population in the way that Western television sells soap powder. If 1.3 billion Chinese citizens start buying gold and silver, even in tiny quantities, imagine what that will do to the market!
The report notes that China's Central Television, the main state-owned television company, has run a news programme letting the public know how easy it is to buy precious metals as an investment. On silver investment the announcer is quoted as saying " China has introduced its first ever investment opportunity for silver bullion. The bars are available in 500g, 1kg, 2kg and 5kg with a purity of 99.9%. Figures show that gold was fifty times more expensive than silver in 2007, but now that figure has reached over seventy times. Analysts say that silver has been undervalued in recent years. They add that the metal is the right investment for individual investors and could be a good way to cash in."
What appears to have happened in China is a total relaxation of strictures on holding precious metals by the individual with the government pushing gold and silver as an investment option, seemingly at every opportunity. This is a far cry from the situation only a few years ago where the distribution of gold and silver was strictly controlled. Now, the Thunder Road Report notes that every bank will sell gold and silver bullion bars in four different sizes to individuals and gold related investments are said to be soaring in popularity.
Around a year ago, Leyshon Resources managing director, Paul Atherley, in an investor presentation in London - and no doubt delivered elsewhere in the world too - commented that some employees at the company's gold mining project in northern China would, on pay day, go to the local bank and buy a small gold bar as an investment and wealth protector. To an extent we put this down at the time to mining company hype - but this seems to be exactly the same phenomenon noted by Thunder Road. The Chinese are being converted from being the lowest per capita gold consumers in the world to a nation of small precious metals investors. Now, by next year, Chinese consumption of gold is likely to exceed that of India, which has been for years the world's biggest gold market. And one suspects that the potential for gold purchasing by individuals is only in its earliest stages. As more and more Chinese move into the cities and individual wealth grows, this trend is only likely to accelerate.
Paul ends the piece on Chinese gold and silver potential with the following comment: "Simply put, the Chinese government is trying to trigger a national gold craze...and it's working. The Chinese public now has gold trading platforms on steroids.... ...Also, for the first time in history, Chinese investors can even trade gold abroad (in London) with the swipe of a ‘Lucky Gold' card. I can't even get Bank of America to open a foreign currency account."
Cont @ Source

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How Gold is debased by counting Gold stores and Gold Recievables as the same event

2009-08-15T18:10:00.000-07:00

© 2003 by The Freemarket Gold & Money Report.
One of the statistics complied by the International Monetary Fund is the quantity of gold owned by the world's central banks. That weight is reported to be 32,291 tonnes of gold. Most people accept this number at face value and without questioning its accuracy. However, central banks actually own less gold.

In reality central banks own 32,291 tonnes of gold AND gold receivables. This distinction is important. From both a legal and an accounting point of view, gold in the vault is clearly very different from gold owed to you. The reason is that gold in the vault is much less risky than someone's promise to pay you gold.

This distinction between these two unlike assets is one of the most basic principles of accounting, namely, that cash is different from a receivable. For this reason, cash and accounts receivable appear as two different line items on balance sheets prepared according to generally accepted accounting principles. But some central banks do not report their gold assets using these sound and well-established accounting standards.

For example, the Bundesbank discloses in its 2002 annual report that it has €36,208 million of "Gold and gold receivables". It further sustains the fiction that these two different assets are one asset by stating in the footnotes to its financial statements: "At the end of 2002 the Bank's holdings of fine gold amounted to 111 million ounces." The Bundesbank does not, however, state anywhere in its annual report what portion of its gold is stored in vaults and what portion has been removed from the vault and placed at risk by being loaned.

Another central bank with a large gold asset is the Banca d'Italia. According to its 2001 annual report, which is the latest report available: "Monetary gold reserves were 48.1 trillion lire (EUR 24.8 billion, or $21.9 billion)." One would think from this statement that this "gold reserve" is sitting safely in secure vaults, as a reserve. But this central bank too has been withdrawing gold from the vault and placing it at risk. Its balance sheet also records "Gold and gold receivables", and like the Bundesbank, it fails to disclose how much of its gold has been loaned.

In contrast to these reports by the German and Italian central banks, the annual report of the Banque de France shows that none of its gold has been loaned. There is no gold receivable reported by it, so none of its gold has been placed at risk by being loaned.

There is also a third category of reporting. The Swiss National Bank, for example, uses generally accepted accounting principles to prepare its financial statements. Not only does it disclose that 254.7 tonnes of its 1,661.9 tonnes have been loaned, it provides information to assess the level of risk. For example, 158.7 tonnes were loaned on an unsecured basis.

Another central bank that discloses its gold lending is Banco de Portugal. According to its latest annual report, it has removed from the vault and placed at risk 434.1 tonnes of its 606.7 tonnes, or 71.6%, which is relatively much greater than the percentage of gold placed at risk by the Swiss National Bank, which is 15.3%.

Accordingly, there is no question that some central bank gold has been removed from vaults and loaned into the market. But because the level of reporting by the central banks is inadequate, it has been impossible to precisely determine the exact weight of gold removed from central bank vaults. This unknown weight of gold has become one of the most contentious issues within the gold industry. And the debate that has arisen as a result is well warranted.

If gold is removed from a vault and sold into the market, this dishoarding obviously will have an impact on gold's rate of exchange to the dollar and other currencies. This result from dishoarding is a basic principle of economics, but with a twist. An adaptation is necessary in a post-Gold Standard world to account for the fact that national currencies are no longer directly tied to gold.

Economic models prove that the extension of credit debases a currency, which is a principle that is true for any money, whether dollars, euros or gold. However, because goods and services are today priced in terms of national currencies - all of which are fiat and are only exchangeable for but not redeemable into gold - the impact of credit extensions in gold is different than the impact of credit extensions in national currencies.

When credit is pumped up using a national currency, it's a process that usually results in inflation; the prices of goods and services rise. The new extensions of credit increase the supply of the national currency, and if this growth in supply is greater than the demand for the currency (which has always been the case since the abandonment of the last remnants of the Gold Standard in 1971), the currency loses purchasing power. In other words, it is debased, and that debasement is reflected by rising prices. Each unit of currency purchases less and less. However, goods and services are no longer priced in terms of gold, so gold credit extensions have a different result on gold's purchasing power.

If gold credit extensions are greater than the demand for gold, it is debased, and like national currencies, it's purchasing power declines. But because goods and services are priced in national currencies, gold's debasement is manifested by a decrease in its exchange rate, or to put it in the terms commonly used, the ‘gold price' falls. In other words, gold when debased in this way purchases less national-currency-denominated goods and services. Thus, it is clear from this analysis that it is important to know how much central bank gold has been loaned, so that these credit extensions can be analyzed to assess their impact on gold's rate of exchange - the so-called ‘gold price' - compared to the many national currencies.

In recent years several efforts have been made to overcome the inadequate reporting of central banks in order to determine the weight of gold dishoarded from their vaults. Many people continue to accept the results prepared by Gold Fields Mineral Services, which have generally stated that around 5,000 tonnes have been removed from central bank vaults. However, I dismiss this number because GFMS surveys do not capture the weight of gold borrowed by commercial banks to fund their national currency assets, and my assessment is that this weight of gold represents the largest portion of gold loaned out by central banks.
Continued at Source

James Turk is the founder of Goldmoney.com and a supporter of Goldmoneybill.org

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