Friday, 27 December 2013

Max Keiser - The Debt Incest Culture


In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the debt incest cult operating on Wall Street in which JP Morgan's Sons and Daughters mate two units of related debt for four generations and thus spawning a deformed and cross-eyed credit market. In the second half, Max interviews Jeff Berwick of DollarVigilante.com about the great Bitcoin divide in the libertarian community and about the great migration from the USA to Mexico and beyond by Americans seeking more liberty and freedom.

- Source, Max Keiser:

Wednesday, 25 December 2013

Max Keiser - Bitcoin, Bernanke & Buffett


Max Keiser of Russia Today drops by to explain the genesis and implications of the digital currency Bitcoin, why The Federal Reserve and the banking system should apologise to the people for manipulating interest rates, how Warren Buffett is complicit in the Mexican drug trade by purchasing Wells Fargo, and Max's crazy times in the 1980s as a New York City stockbroker by day and punk-rock party animal by night.

- Source, The London Reel:

Monday, 23 December 2013

The Catastrophic US Nightmare As 2013 Comes To An End

The same stock market carnage awaits investors just around the corner if the Fed decides it is time to end QE. Only this time the spike in rates won’t be caused by inflation but by the central bank itself. It doesn’t matter if inflation causes investors to fear that the Fed will raise rates (as it did 1987); or if borrowing costs increase due to the fact that the Fed has to stop its indiscriminate and massive manipulation of the yield curve -- the result will be the same.

The Doves at the helm of the Fed realize this and that is why they are extremely reluctant to end QE. Investors most likely have at least until March of next year before they have to worry about a genuine tapering of Fed asset purchases ... if at all; because the economy should take another turn downward due to the implementation of the Unaffordable Care Act and interest rates that have already increased. Nevertheless, it is essential to have a plan in place to preserve your assets and profit from the equity market crash in the unlikely event the Fed does go down the tapering road early next year.

If the Fed does not begin winding down QE by the early part of 2014, the markets will understand that the central bank will be in the debt monetization business for many years to come and risk assets will soar. On the other hand, if the Fed begins tapering assets within the next few months, the markets and economy will tumble. The global economy sits on a narrow ledge. On the one side there exists massive asset bubbles and inflation; and on the other side there lies a deflationary depression. It is now crunch time for the Fed to choose which way we fall.


- Source, Michael Pento via King World News, read more here:

Saturday, 21 December 2013

Peter Schiff - Market Crash 2014


Peter Schiff is an American businessman, investment broker, author and financial commentator. He is the CEO of Euro Pacific Capital and host of the nationally syndicated Peter Schiff Show. In 2010 Peter ran for the United States Senate and is a regular on CNBC, Fox News, and The Daily Show with Jon Stewart.

- Source, The London Reel:

Thursday, 19 December 2013

Rob McEwen - Quick Move Up in Gold is Coming

The move in gold can be very quick. I’ll give an example; We hit lows in July of this year and then in the month of August, metal prices turned around. The price of gold was going up but the mining stocks just took off. There were gains of 25%, 75%, 100% in the sector in the space of less than 20 days.

It illustrates how we can move from a market that’s operating basically on a no-bid basis where no one wants to buy, to suddenly getting into a space where no one is offering any stock and prices are forced up as a result of that. I’m quite convinced we’re going to see that again in the not too distant future, and that’s what makes it exciting in this space.”

- Source, Rob Mcewen via Bull Market Thinking:

Tuesday, 17 December 2013

Back to Silver Fundamentals

Beyond the typical underlying changes in money supply there are very important elements of demand that continue to push the price of physical silver higher and higher. This is despite the fact that silver has been money for much longer then gold.

One element is the elasticity of demand for silver, particularly in the manufacturing of electronics.

Silver is the best conductor of electricity known to man and even at a current prices, it is very inexpensive for use in consumer electronics.

Silver Inelasticity

Silver cannot and will not be replaced by the industrial sector as a conductor of electricity for two reasons:

1) it is relatively inexpensive, and
2) it is the best product for the job.

When a computer manufacturer begins to source components to build its consumer products, the company buys tons of glass, pounds of silicon, and tiny amounts of silver.

When you buy a computer that costs $500-$1000, it contains, at most, 1 gram of silver. Most computers contain fractions of that amount, for a maximum cost of $.60.

Even if silver were to explode in price from $18 per ounce to $180 per ounce (which is a dramatic change) the price of the silver component in a computer would grow from $.60 to $6.

Thus, even after silver explodes in price, the computer manufacturers will still be very much willing to use silver since $6 on a $500 computer is just 1.2% of the price.

Technological Improvements

Silver's demand can easily be contrasted with the emphasis on technology during the past half century.

Prior to World War II, very few homes owned electronic devices and silver's industrial use was limited to only photograph development.

In contrast, the post-war family owned microwaves, TVs, toasters and other appliances including washer and dryers – which all contain silver.

And even in the past decade, the average consumption of silver by the average person has grown.

Today, each person owns a cellular phone, TV, computer, monitor, printer, router, and a myriad of computing peripherals that all contain silver.

It is without question that demand for silver as an industrial metal has exploded with technological achievements - but the biggest use for silver is just now being uncovered...

- Read the full article at Silver Coin Investor here:

Sunday, 15 December 2013

Largest Swiss Refinery Unable to Source Gold

We met with the managing director of the largest refinery in Switzerland and spend about two hours talking to him, we learned some very interesting things.

At this Swiss refinery there have been several times this year on which they were unable to source gold. They’re bringing in good delivery bars, scrap and dore from the mines, basically all they can get their hands on. This gentleman has been in the business for 37 years, he was there during the last bull market in the late seventies. I asked him when was the last time this has happened, that he was unable to source gold, he said never. And I clarified it, I asked: in the last 37 years you’ve worked in the gold industry this has never happened? He said: this has never happened.

He said sometimes when they get gold in, it’s coming from the back corners of the vaults. He knew this because these were good delivery bars marked in the sixties. This is a huge supply squeeze and its worse than anything that has happened in the last four decades. At some point there is going to be a massive squeeze on the price.

We are on the threshold of a situation that has never occurred before. A squeeze is imminent, it could take 3 months or 6 months, but all I know is that it’s coming, and I know that with 100 % certainty.

- Source, Silver Doctors:

Friday, 13 December 2013

Gerald Celente - The Whole Thing is Collapsing

"Any self-respecting adult that hears McConnell, Reid, Boehner, Ryan, one after another, and buys this baloney… they deserve what they get.

And as for the international scene… the whole thing is collapsing.

That’s our forecast.

We are saying that by the second quarter of 2014, we expect the bottom to fall out… or something to divert our attention as it falls out."

- Gerald Celente

Wednesday, 4 December 2013

The Real Reason to Own Gold

The U.S. and world are heading towards serious trouble. The financial markets are being kept alive due to the monetization of debt on a massive scale. This has produced a huge dislocation in the fundamental valuation of assets.

Currently, stocks, bonds and paper assets are on the receiving end of this monetary stimulation, while the physical assets such as the precious metals & commodities have been beaten down to assist in lowering the already low manipulated inflation rate.

Investors who once thought the precious metals were a safe store of value, are now beginning to question their confidence in gold as the price continues to head down towards its low set in June. This is precisely what the fiat monetary authorities planned for and the public has taken it…. HOOK, LINE & SINKER.

The nearly $90 trillion in Global Conventional Assets will perform rather badly in a peak oil environment. The reason why gold and silver will be a hedge against peak oil is due to the store of “Economic Energy.”

- Source, SRSRocco Report:

Monday, 2 December 2013

China to Halt US Debt Purchases

Gold and silver have been systematically crushed as of lately. It appears that the predictions I wrote about last week are already unfolding. This would mean that we still have some downside movement before prices in gold and silver will regain the advantage and begin to move higher. For now the manipulators control the paper market. I think, and I believe they know, that this is soon to change.

Last week a MAJOR news story hit the air waves. The impact of this story will be felt for years to come, yet if you only listened to the main stream media you would never know it. The Peoples Bank of China released a statement last week indicating the following:

“It’s no longer in China’s favor to accumulate foreign-exchange reserves”

The impact of this statement, which was said by Yi Gang, a deputy at the central bank of China is staggering. It is mind-blowing that this isn’t the major headline of every financial publication available. What the Peoples Bank of China is saying is that it is not in the best interest of China to continue to accumulate US debt and stockpile US reserves. If China steps out of this market, the United States is in serious trouble. The FED is already the largest purchaser of US treasuries. A sad but very real fact (this is akin to paying off a credit card with a credit card). If China steps out of this market, the FED is going to have to monstrously increase their QE program.

Citizens of China should rejoice this news. This means the Yuan is going to drastically appreciate in price. The cost of goods are going to drop and their huge savings that they have accumulated are going to rise in price, thus increasing the standard of living for its citizens. Is China now ready to stop subsidizing the standard of living for US citizens at their own expense? It appears so.

At the same time, the amount of gold China is importing into the country is hitting record levels and is set to increase again next year! Clearly they have decided they have had enough and are gearing up to be a major player in the currencies market. Perhaps even replacing the US dollar as the reserve currency of the world in years to come, something I believe they will be quite capable of doing once they announce the true amount of their gold reserves (a number which I believe is strategically understated).


China Gold Imports
The US government is not going to take this news lightly and will desperately do everything they can to hold onto power. This is part of the reason I believe this news story is getting no media traction in the United States. ”See no evil, hear no evil” appears to be their motto. To that I say good luck.

- Source, Sprott Money Blog:

Saturday, 30 November 2013

Quantitative Easing is Hazardous to Your Retirement

The Fed, through ZIRP and QE, has created $Trillions of benefits for the financial industry and much of that benefit has been created at the expense of government pension plans and individuals who depend upon interest earnings. This has a direct and negative consequence to many retirement plans, especially city and state public pensions.

It is especially destructive to those individuals who depend upon interest earnings to fund their cost of living.
Thanks to QE Your savings (fiat ones anyways) are unlikely to last as long as you hoped.

- Source, Silver Doctors:

Thursday, 28 November 2013

Holiday Gold and Silver Smash Coming?

I took one look at this morning’s silver trade and just shook my head. Here for the entire world to see are the footsteps of algorithm trading capping the upside.

The capping job shows the cartel is active, and the algo pattern signals to traders with eyes to see that the cartel is expressing its influence. This silver signal has a high correlation to subsequent cartel actions.

The gold cartel is setting up to smash both silver and gold over the rest of this week, when holiday trading brings very thin volume. THAT is what whomever setting this silver algo program this morning is telegraphing.

- Source, Eric Dubin of Silver Doctors:

Monday, 18 November 2013

Max Keiser - Debtonomics of Suicide


In this episode of the Keiser Report, Max Keiser and Stacy Herbert burning matches at stall speed as the US is now producing as much new debt as goods and services and the rate of currency dilution exceeds the rate of production growth. And what happens when an Empire hits 'stall speed?' They plunder and steal from workers and savers through inflation; or through the NSA 'surveillance.' In the second half, Max interviews Wolf Richter about the ongoing and escalating economic fallout from the NSA spying scandal.

- Source, The Keiser Report:

Saturday, 16 November 2013

Should the United States Return to a Gold Standard?



Before 1974, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also provided citizens with a relatively stable purchasing power for goods and services. Today's paper currency has no intrinsic value.

It is not based on the value of gold or anything else. Under a gold standard, inflation was really limited. With floating value, or fiat, currency, however, some countries have seen inflation reach extremely high levels—sometimes enough to lead to economic collapse. Gold standards have historically provided more stable currencies with lower inflation than fiat currency. Should the United States return to a gold standard?

- Source, Learn Liberty:

Friday, 15 November 2013

QE5 is Coming and Precious Metals to Go Much Higher

As the Banks & Brokerage Houses continue to forecast the tapering of the QE by the end of 2013 or beginning of 2014, the only choice the Fed will have will be to increase not decrease monetary stimulation. QE 5 is coming because U.S. economic indicators continue to disintegrate.

The Fed can’t stop its QE purchases or the whole house of cards comes crashing down. Marc Faber stated that the Fed purchases could rise to a $trillion a month. Who knows if we ever get to that amount, but before we do…. QE 5 is on its way.

There is only a fraction of physical gold and silver to back up the massive amount of paper claims. As QE heads to infinity, it will most certainly push the precious metals up to new highs never seen before.

- SRSS Rocco via The Silver Doctors:

Wednesday, 13 November 2013

Come and Take It Silver Bullet Silver Shield 1 oz Round


The 1 oz silver bullet silver shield "Come and Take it" silver round represents an issue that is very serious and always a risk in today's world. Listen to what Chris Duane had to say about this issue.



Monday, 11 November 2013

The Rise in Real Inflation

The return of rational exuberance to equities is an artificially induced phenomenon. Every day, intervention via primary open market operations occurs to paint perception.

Housing has "returned" by means of the invasion of private equity and hedge fund managed, all-cash, purchases. The result has been not only a pricing out of the middle class, but the creation of a rent bubble and landlord disaster, creating even more of the disenfranchised.

Equally bizarre is the obvious rise in real inflation. Estimates of 6-7% annually are likely conservative.

CPI is a total disaster outside of ivory towers. The unevenness of asset price inflation is not lost on those who eat, use energy, or borrow for education. Health care is about to be another eye opener for those who have not had the need to know the real cost behind the broken system.

- Source, Silver Coin Investor:

Saturday, 9 November 2013

Gold and Silver Will Truly be Set Free

Long have those in the precious metals community believed that Western central banks have been secretly releasing their gold reserves into the marketplace to satisfy the growing demand for precious metals and therefore keeping prices artificially low. This acknowledgement by the central bank of Finland proves that at least one Western central bank is engaging in this nefarious activity. The gold holdings of Fort Knox have also been called into question by many notable sources. These holdings are likely to have been leased out in a similar way. Hopefully, Rand Paul’s attempt to audit the FED will succeed and the truth will finally be known.

How much longer can Western central banks continue to supply gold in this way? Eventually the music will stop, the chairs will be taken, and the gold of the West will be sitting in the vaults of Russia, India and China. At that point, the fiat ponzi game will be over. At that point, the price of gold and silver will truly be set free.

- Source, The Sprott Money Blog, read the full article here:

Thursday, 7 November 2013

Battle Between Andrew Maguire and Jeff Christian

Jeff Christian accused famed precious metals trader and expert Andrew Maguire of being a fraud at the recent Silver Summit in Spokane, Washington. This accusation has prompted a FLOOD of backlash towards Jeff Christian within the precious metals community (although he was recently thanked for once again inadvertently confirming that the gold and silver markets are indeed manipulated). These accusations have also caused much angst for Andrew Maguire as the mainstream media ran with the accusations, adding further fuel to the fire.

As you would expect, this story is far from over. Jeff Christian and Andrew Maguire continue their passive aggressive battle against each other. Both have come out with further comments about these accusations. Andrew Maguire has released an official letter that was posted by Turd Ferguson on his website TFMetalsReport...

- Source, The Sprott Money Blog, read the full article here:

Tuesday, 29 October 2013

No Wonder the West is Collapsing

All of this paper manipulation has just been a short-term desperation move on the part of the West. Obviously we've seen interventions in the foreign exchange gold market, which is complimented by activity on the Comex. And basically what is being done by the Fed is a defence of the US dollar.
It simply results in physical gold flowing out from West to East at an enormous rate. Unfortunately, that is the self-destructive move that continues to take place as the West destroys itself. And when you look at China, who thinks in 500-year or 1,000-year time frames vs the West which thinks in one-week and one-day time frames, crisis-to-crisis terms, no wonder the West is collapsing.

- Source, Andrew Maguire via King World News, read the full article here:

Sunday, 27 October 2013

China Downgrades US Credit Rating

A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington's resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained "unchanged".

Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook, the agency said in a statement.

The announcement came after the US Congress passed and President Barack Obama signed a bill that extends the nation's borrowing authority and ends a two-week government shutdown...


- Source, France 24:

Friday, 25 October 2013

China to Dominate the World

“We’ve had so many false starts (and promises) -- ‘The economy is going to be great in 2010,’ and it’s not. ‘It’s going to be great in 2011, 2012, 2013,’ and it’s not. Now, they are already talking about it being ‘great in 2014.’ But we are actually regressing, even though they (central planners) don’t want to admit it, because the numbers are all manipulated in one way or another.
It will happen that gold will be accepted as the asset to back a (major) currency. And the currency with the most gold behind it, which I suspect is already the Chinese yuan, and growing rapidly, will be the dominant currency going forward. Of course this doesn’t portend well for all of the central planners currencies. They (the Chinese) are doing the smart thing by buying real physical assets. So I guess the best way of putting it is, just follow the Chinese, my friend, and you are going to be OK here.”
- Source, Eric Sprott via King World News, read the full article here:

Wednesday, 23 October 2013

CHASE Imposes Capital Controls


Are capital controls on the way? Is the US going the way of a Banana Republic?

Monday, 21 October 2013

Dollar is a Laughing Stock Worldwide

CNBC's Jim Cramer said the U.S. is "a laughing stock around the world, maybe worse than Italy in some ways when I look at benchmarks. We have obviously lost the faith of a lot of countries."

"If there was a way to be able to take your money out of this country and put it in Germany ... if I were Brazil, if I were Japan I would do it immediately," he said Thursday on "Squawk Box."

He went on to say that the slumping dollar index, which measures the greenback's value against a basket of currencies, reflects the current sentiment of investors around the world. They are saying "lets go into gold, lets get out this dollar ... lets not be in bonds in the United States, we'd rather be in any other currency because they basically have lost control," he said.

"There is a notion that there's a party dissolution, there's no coming together. ... This is a good opportunity—between now and the next wrangle—where you can find a safe haven. Whether it be gold, whether it be the euro, or whether it be, frankly, the Chinese currency," he said.

The dollar was last down 1.1 percent to 79.64, and off of a one-month high of 80.754 that had been sent on Wednesday.

Many investors believe that the temporary deal to avoid U.S. debt default might prompt the Fed to hold back from reining in it's massive bond buying program, and may weigh the dollar down further. Cramer noted that the liquidity of the U.S. market is a positive side, but he thinks "the Federal Reserve is in there buying every bond they can right now."

- Source, CNBC:

Wednesday, 16 October 2013

Max Keiser - De-Americanizing


In this episode of the Keiser Report, Max Keiser and Stacy Herbert, discuss stop logic and victory vomit in a de-Americanized world. In the second half, Max interviews Rowan Bosworth-Davies, a former fraud squad detective, about crime being what you call it - so let's call it a racket or organized crime as practiced in the City of London.

- Source, Keiser Report:

Sunday, 13 October 2013

The Most Undervalued Assets on Earth


Jeff Nielson from Bullion Bulls Canada join us for an in-depth precious metals and monetary Ponzi update. We discuss the absurdity of the CFTC declaration that there is no provable manipulation in the silver market, we discuss the near total control of THE ONE BANK which controls nearly 40% of the worldwide economy - and we discuss the accelerating collapse of the Church of Scientology which is an excellent allegory for the near total collapse of confidence in the United States government and the monetary Ponzi scheme known as Wall Street and the Dollar.

- Source, Jeff Nielson via SGT Report:

Friday, 11 October 2013

Jim Willie - Systems Are Breaking Down


Dr. Jim Willie, Publisher of the Hat Trick Letter, thinks, "Reversal in the Treasury bond market could be a death blow for these zombie New York banks . . . These big banks are in danger of imploding." Dr. Willie predicts, "I don't think the Fed is going to taper its bond buying. I believe they are going to double it." Dr. Willie goes on to say, "The Fed will say let's continue QE, and instead of suffocation from rising rates, we'll have drowning from rising costs. . . . They are going for drowning because it's slower."

- Source, Jim Willie via USA Watchdog:

Wednesday, 9 October 2013

Gold and Silver Prices Will Explode in Dollar Terms


Economist Dr. Paul Craig Roberts contends, "The situation is unsustainable." It will blow up at some point, and Dr. Roberts predicts, "It will be worse than the Great Depression because in the Great Depression, prices fell along with employment. Now, prices will be rising and employment would be falling. . . . Gold and silver prices will explode in dollar terms."

- Source, USA Watchdog:

Saturday, 28 September 2013

We Are on a Gold Standard Even if You Don't Know it


If you believe that gold no longer plays a role, think again. In effect, if you know what to look for, the world is on a gold standard now.

In 1971 the US ‘closed the gold window’ starting an era of global fiat money reference pricing that has been unprecedented in history. Never has the world operated on the basis of no country having a currency tied to something with intrinsic value like Gold. The ‘petro-dollar’ - a US dollar exchange rate based on the deal struck between Saudi Arabia and America - for the US to buy their oil and for the Saudis to buy US dollars and bonds in return - started a period of oil companies (with the military machinery in their pocket) bullying the world into buying US dollars or getting cut off from oil and dollar supplies led to our current political situation with the US now involved in multiple wars in various oil dependent economies and their satellites - and this lulled many into believing that Gold no longer played a role, but recent events prove these assumptions wrong.

Leading up the news that the Federal Reserve would not ‘taper’ their bond buying (QE) program we saw a precipitous drop in the price of Gold. Since I knew (like others including Peter Schiff, Bill Fleckenstein, Michael Pento and even James Rickards who stated as much on “Keiser Report”) that the Fed cannot ‘taper’ at any point going forward without throwing their entire Ponzi scheme into the ditch (causing every major bank in the world to instantly collapse) it was interesting to see the price of Gold trade down - unless you know the Fed, working alongside bankers on Wall St. and the City of London - are actively managing the price of Gold (along with stocks, bonds and currencies). Knowing that the Fed (who is implicated in every recent major market rigging scandal covering Forex, energy markets and credit default swaps) knew that it would make an announcement that would cause a buying panic in Gold (that they were going to debase the currency some more) - it had to go into the market and drive the price of Gold down ahead of the announcement or risk seeing Gold pop to new all-time highs of $2,000 or more.

I commented a few weeks ago that to understand the Fed you have to understand that it, along with JP Morgan and other TBTF banks, are one giant hedge fund. And this is a huge negative for supporters of free markets who believe prices should be determined by the market - not the Fed. Surprisingly, a few days later Warren Buffett made the same observation. He said the ‘Fed is the most successful hedge fund in history.’ For Warren this is true. He is on the receiving end of the biggest transfer of wealth in history from workers and savers to borrowers and speculators. But for those not on the Fed’s list of recipients of hundreds of billions worth of interest free loans that never have to be paid back the fact that the Fed is a giant hedge fund is devastating. It’s no coincidence that the day after the ‘no tapering’ of ‘food stamps for bankers’ aka QE was announced the government announced that food stamps for the non-recipients of the Fed’s free money were told that they can expect a ‘taper’ in the form of a cutback.

The huge price drop in Gold before the taper announcement is ‘smoking gun’ proof the Fed does exactly what Warren Buffett says they do: operate like an enormous hedge fund; making free loans to ‘friends,’ manipulating markets with impunity, disrupting price discovery with high powered algo trading fraud and pressuring governments to submit to various extortion schemes like TARP (created by Goldman Sachs alum and Treasury Secretary Hank Paulson.

In effect, if you know what to look for, the world is on a gold standard now. The price of gold is telling you that the Fed Ponzi is running at full tilt and that the ravages of having such a destructive mechanism at the heart of the economy are unraveling. Because even with all that effort, the trend of the price of Gold is still higher and at some point the ability to keep it down will fail and then; as Warren Buffett also said; ‘You can see who’s not wearing a bathing suit when the tide goes out.’

- Source, Max Keiser via Russia Today:

Thursday, 26 September 2013

CFTC Closes JP Morgan Silver Manipulation Case

Well, that didn’t take long. After Andrew Maguire went public last Friday that the CFTC is holding evidence that JP Morgan manipulated the gold and silver markets, moments ago the CFTC announced it is closing its 5 year investigation into silver market manipulation, and that after 5 years of investigation the CFTC has found:

“Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.”
Something tells us Mr. Chilton won’t be releasing any contrary statements by the end of September as promised either.

Let the manipulation continue indefinitely until the last ounce of physical gold and silver are removed from COMEX vaults!

- Source, The Silver Doctors:

Saturday, 21 September 2013

We Are Not a Banana Republic!

"This is the United States of America, we’re not some banana republic. This is not a deadbeat nation. We don’t run out on our tab. We're the world's bedrock investment, the entire world looks to us to make sure the world economy is stable. We can’t just not pay our bills."

- Barack H. Obama

/end Sarcasm

Tuesday, 17 September 2013

Is JP Morgan Going Long Gold?


While the Federal Reserve continues flooding the financial system with newly printed dollars and discussion of war between the U.S. and Syria continues, the only investments that have never gone to zero and have proven throughout history to preserve wealth through times of economic and political turmoil ironically continue to fall! In this exclusive interview, the Gold Antitrust Action Committee's chairman, Bill Murphy, explains why the prices of precious metals are falling and questions if JPMorgan Chase & Co. has really been investing in gold amid the most devastating and blatant gold price suppression scheme he has ever witnessed.

- Source Finance and Liberty:

http://FinanceAndLiberty.com

Sunday, 15 September 2013

Turd Ferguson and Max Keiser - America's Curse


Max Keiser and Stacy Herbert discuss America's curse: dollar printing or JP Morgan? They also examine the truth about the fact that despite a mere $4 extra to manufacture a smartphone in America rather than in China, production will remain overseas. In the second half, Max travels upriver to interview Turd Ferguson of TFMetalsReport.com outside JP Morgan's Park Avenue headquarters. Turd reports that JPMorgan has 'cornered' the Comex gold market and also comments on the bank's silver short and their 'rogue' commodities desk, reportedly being investigated by the FBI for obstruction of justice.

- Source, Russia Today:

Friday, 13 September 2013

They Don't Have the Physical Gold

The capping strategy is in place. There is no evidence as of yet that the Fed and the BIS, who I am certain are behind all of this, have the capability, even if they wanted to, to push things much lower because they don’t have the physical gold that would be necessary to be delivered.

But they do have the ability in markets, that still aren't quite as liquid as they are normally, to push prices around a bit and create some downside volatility....

- William Kaye via King World News, read the full interview here:

Wednesday, 4 September 2013

First Signs of Hyperinflation are Here

The first signs of hyperinflation have arrived.

There was one hugely notable development in the gold and silver markets last week. Normally anytime, Ben Bernanke whispered even a hint or suggestion of QE tapering, the gold and silver markets would crash on such an announcement. However, this time, gold price behavior reacted intelligently to the insanity of Central Banking monetary policy and it ignored the propaganda of Central Bankers and continued to rise. Why is this development so significant?It is massively significant because it signals a further breakdown of confidence in the monetary system. Every other instance that Chairman Bernanke even hinted about tapering QE, it gave the Federal Reserve and their puppet bullion banks an opportunity to suppress the price of gold that they successfully relished. This time around, I don’t believe that their propaganda was any less effective than all the prior times Bernanke falsely warned about QE tapering. So what has changed? People no longer care what Bernanke and other bankers say about QE because their confidence in fiat currencies, as illustrated by the largest single day drop of the Indian rupee last week, is starting to finally, and justifiably crack. And the first sign of a loss of confidence in fiat currencies and a vote for the solid valuation of gold (and silver) money is the first sign of potential hyperinflation ahead.

- Source, Silver Doctors:

Monday, 2 September 2013

John Embry - Massive Surge in the Price of Gold

“Gold is going materially higher over the next 12 months, and the price will most likely explode higher in the next 5 months. I think the West, including the BIS, is running out of ammunition (physical gold) to cap the market, and the fact that they continue to do this just reveals how truly desperate the situation has become for the West. 
All of this frenzied activity on the part of the West is clearly an indication to me that there are enormous problems in the system. Western central planners know that a massive surge in the price of gold would reveal the true nature of the rot that is taking place in the financial system. So they are now clearly fighting a losing battle in the gold market, and this will be seen as just another delaying action over time as they ultimately retreat in defeat.”

- Source, John Embry via King World News, read the full article here:

Saturday, 31 August 2013

Richard Russel - Gold to Rocket, But Buy Silver!

I suspect that silver has bottomed. Silver is dirt cheap compared with gold. One ounce of gold now buys around 60 ounces of silver! When you buy gold, you're aligned with JP Morgan. This bank has assumed a massive long position in gold.

- Source, Richard Russell via King World News:

Thursday, 29 August 2013

Cartel Attacks Mining Shares

Memo to Goldman Sachs, Blackrock, JP Morgan, Barclays and all the other monkeys that will remain nameless: Nice job showing how your backs are against the wall. Dolts.

As I warned yesterday, precious metals came under attack early in the New York session – especially silver. But all things considered, the cartel wasn’t able to do much damage. There’s a war brewing in the Middle East and buying of physical gold and silver has been so strong this week that the cartel is having a hard time making the paper market tail wag the physical market dog.

So, what to do? Well, there’s always the option of urinating all over the precious metals equities market for a second day in a row...

- Source, The News Doctors, read the full story here:

Wednesday, 21 August 2013

Robert Kiyosaki - In Gold I Trust


Financial expert Robert Kiyosaki points out, "The rich are getting richer than ever before, but the middle class is shrinking . . . . Both Obama and Romney promised to save them, and when politicians promise to save your butt, you know your butt is gone." Kiyosaki, author of the mega best seller, "Rich Dad/Poor Dad," goes on to say, "If you trust Obama or the Republicans or the Democrats, then you don't need to buy gold. But I don't trust them. I don't trust Bernanke. I don't trust the financial system, but I do trust gold. So, it's not in God I trust, it's in gold I trust."

- Source, USA Watchdog:

Tuesday, 13 August 2013

A Huge Run on Physical Gold



Bloomberg News television today lets Mihir Dange, co-founder of commodity trading firm Grafite Capital, remark that his company bought physical gold eight weeks ago but still hasn't gotten delivery yet. Dange says "there's a huge run on physical now."

- Source, Bloomberg TV:

Friday, 9 August 2013

Bix Weir - Complete Wipeout of all Debt Coming


Bix Weir is a tireless advocate for manipulation-free gold and silver markets. Weir says, “They are printing money, and the reason to control the price of gold is to control the perception the U.S. dollar is a sound currency.” The manipulation game is not going to go on much longer. Weir proclaims, “We’re at a point in our system and in the manipulation where people within the Fed and within our government are ready to pull the plug on the game and basically crash the system.” Weir goes on to say, “You’re looking at a complete wipeout of all debt in all banks, all virtual assets, virtual assets meaning electronic blips on a 401k statement and checking and savings accounts.” The reason, according to Weir, is simple. He says, “We are the biggest debtor nation in the world. If we collapse the debt now and erase all debt, we win.” When could it all start to fall apart? Weir predicts “the August-September time frame.”

- Source, USA Watchdog:

Tuesday, 6 August 2013

COMEX Has Lost 40% of It's Gold



SRS Rocco (Steve St. Angelo) from SRSroccoreport joins me to discuss precious metals and the falling EROI (Energy Returned On Invested) which Steve says will ultimately destroy the U.S. empire, just as it led to the collapse of the Roman empire. We also discuss the falling physical silver inventories at the Shanghai Exchange which are down more than 50% in recent months, and the raid of the Comex Gold inventories, which are down nearly 40% in half a year.

- Source, SGT Report:

Sunday, 4 August 2013

Michael Snyder - The Murder of the Middle Class


The death of the middle class and the destruction of the social fabric. That's the Bankster promise as they wage war on humanity. And Detroit is the model for what's to come. Michael Snyder from the Economic Collapse Blog joins me to discuss.

- Source, SGT Report:

Wednesday, 31 July 2013

The Smoking COMEX Gun


For those wondering what the recent drawdown in COMEX and GLD stocks mean - please watch this video recorded in the GoldSilver.com boardroom moments ago. Grant Williams of Vulpes Asset Management joins CEO Michael Maloney to connect the dots on what may be some of the most important events of the last few years.

- Source, Gold Silver.com




Sunday, 28 July 2013

Gold and Silver to Surge in September?

"Governments and central banks have, for decades, leased or sold their gold to the bullion banks. So they are very likely to own very little of the 23,000 tons that Western central banks are said to hold.

But now bullion banks also have a problem: They tried to replenish their (physical gold) coffers during the massive manipulative selling that we’ve seen over the last few months in the paper market. Although they took the price down, most of the physical (gold) that was released by selling from ETFs and hedge funds was absorbed by Asia.

So the bullion banks are still massively short of physical gold. Eric, all of these physical shortage problems are likely to put enormous upward pressure on gold in coming months. And remember that this factor is in addition to the destruction of paper money we will see which will also put upward pressure on gold.

It’s important for investors to understand, and especially holders of gold and silver, that there are now several different factors which will propel gold and silver to much higher levels. As you know, Eric, I’ve said that within the next year we will see levels that will be a lot higher than the $1,900 mark we saw in 2011.
I see shortages everywhere, and I see real problems in the market with the bullion banks still under pressure. I am hearing that they (bullion banks) are under real pressure, and this is why we will see incredible upward moves (for gold and silver) starting in September."

- Egon Von Greyerz via a recent King World News interview:

Friday, 26 July 2013

Tom Cloud - Gold and Silver Supplies are Tight


Tom Cloud of CloudHardAssets.com says delivery times for gold and silver bullion are unusually long. When supplies of precious metals are plentiful, Cloud says, "It would be in my hand in three to five days. . . Now, depending on the product, it's two and a half to six weeks." Cloud says the only two other times supply has been this tight was "1980 and 2008." Cloud contends, "Supplies are tight and fear is high. I see it getting worse this fall."

- Source, USA Watchdog:

Wednesday, 24 July 2013

Destabilization, Algobots and Counterfeiting


"In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the global counterfeiting schemes that Interpol failed to stop this past week: spoof trading high frequency algobots, brokers trafficking in bogus derivatives backed by delusional collateral, rob signing mortgage forgeries and fake Libor rate setting bankers. They also look at the interest rate swaps that sank Detroit, Harvard, Jefferson County, Alabama and Greece. In the second half, Max talks to Sandeep Jaitly of FeketeResearch.com, about gold backwardation, Flaming Jamie, a run on the gold markets and the fact that fiat can't fail in fiat terms but it can in gold. Max also says that if Snowden can press one button and take down the US, then people should ask for delivery of physical gold."

- Source, Max Keiser:

Tuesday, 16 July 2013

The Crash of 1929 Documentary


Based on eight years of continued prosperity, presidents and economists alike confidently predicted that America would soon enter a time when there would be no more poverty, no more depressions. A "new era" when everyone could be rich.

- Source, PBS:

Sunday, 14 July 2013

Rick Rule - Gold and Silver Outlook

Q: What's your outlook on gold and silver if the Federal Reserve succeeds in putting an end to QE without triggering runaway inflation?

A: I don’t know, but lower. I have substantial suspicions about the ability of the Federal Reserve to exit QE, however. What they are doing is liquefying the banks and issuing more debt than they can sell. Right now, new aggregate on-balance liabilities on the Federal level is $1.5 trillion per year. They finance that by selling $750 billion of debt, and by printing up $750 billion of debt which they use to buy existing bonds. The off-balance-sheet liabilities of the Treasury exceed $60 trillion and grow by about $4 trillion a year.

The idea that we are going to get through this without either defaulting on our obligations or inflating them away defies any rational analysis of the problem.

From my point of view you’re safer with gold in your portfolio. Experts who follow the market closely, including Eric Sprott, but also Morgan Stanley and the big bullion banks, say that the ‘anti-gold’ – what you consider in place of gold – is the U.S. 10-year Treasury. Mainstream institutional investors say that gold is ‘risk-on’ and the 10-year Treasury is ‘risk-off,’ but I think that the world has it exactly confused. The U.S. Treasury -- the ‘anti-gold’ -- pays a 1.75% interest rate, which is well below the rate of inflation and assumes that there is no credit risk with regards to U.S. obligations. If nothing else, the lower interest rate lowers the cost – in terms of avoided cost – of owning gold



- Source, Rick Rule via Sprott's Thoughts:

Wednesday, 10 July 2013

The Gold is Gone, It's All a Farce!

"The Fed gold, that Americans think is theirs, is gone. The gold that the Germans have been told they will get back in 7 years, they’ll never get back because it doesn't exist any-more (at the Fed). I own it. The People’s Bank of China owns it. The Reserve Bank of India owns it. The central bank of Russia owns it. But the people of Germany (and America) don’t own it.

What they've done is confirmed that everything I’ve told you is correct. They get gold (bars) from all over the place, including major central banks, including the symbol of the central bank on them, and they melt them down. 

Reading between the lines, and you don’t have to read too much between the lines, it’s all a farce. The gold is gone. It’s been hypothecated and rehypothecated. It’s gone. Not only do the Fed and the U.S. Treasury not own 8,000 plus tons, they probably own nothing."


- William Kaye via a recent King World News interview, read the full interview here:

Friday, 5 July 2013

The Most Stunning Development In Silver



Today, I learned of one of the most stunning developments in the physical silver demand I have ever seen.

The physical Silver market is about to explode the paper silver market in a huge way. Like the price collapse in 2008 set up silver for a 500%+ return for the next few years, this recent price collapse is going to set up an epic return on silver like the world has never seen.

- Source, Chris Duane, Don't Tread on Me:

Wednesday, 3 July 2013

Richard Russell - Gold Rising on a Stairway of Hatred

"Gold is so hated that it could rally over $1500, and nobody would notice it. Sentiment against gold is so bearish that I thought gold could have struck a capitulation low last week. Another bearish piece in today's issue of USA Today. Talk about rising on a stairway of hatred, you're seeing it now in gold!"

- Richard Russell via King World News:

Saturday, 29 June 2013

Jim Sinclair - $50,000 Gold!


On Monday, I had the pleasure of interviewing the legendary Mr. Gold, Jim Sinclair. As many of you already know, Jim Sinclair is the CEO of Tanzanian Royalty Exploration and has over 50 years of experience in the gold industry. He lives and breathes this market. Jim is known for accurately predicting the top of the gold bull market in 1980. Also, he has been a beacon of hope in the gold community and provides his daily thoughts for free on his website, JSMineSet.


During the course of this interview, I was able to ask Jim a number of our viewers’ questions. These questions covered the most pressing concerns that are currently affecting the gold community, such as bail-ins, manipulation of markets, a potential COMEX default and much more.


Jim was very clear that he sees a price rise in gold coming by early July. This rise in prices could take us to new highs. How high? Jim sees $50,000 gold as a likely target should the paper manipulators lose control. This number sounds staggering to many, but you must remember that this market has been a beach balloon that has been pushed to depths never seen by man.


So what do you think? Do you see gold recovering and moving higher this summer, or do you believe that the gold bull market is dead and over? I’m personally in the bullish camp and believe the manipulators are losing control over this market. Enjoy the interview.


- Source, Sprott Money Blog:


http://sprottmoneyblog.com/ask-the-expert-jim-sinclair-50000-gold/

Tuesday, 25 June 2013

Fake Silver Is Flooding The Market


"If you have followed gold and silver market news over the past few years, it is likely you have seen various reports on fake gold and silver products.

In March 2012, a 1 kilo tungsten gold bar turned up in the United Kingdom.

Then in September 2012 there were reports on a slew of 10 oz tungsten gold bars bought and sold in New York's jewelry district.

The big problem with these news reports is that they have given little to no solution on how the public at large can avoid fake bullion products.

We would like to raise the general awareness of this issue both with our customers, our industry, and the general gold and silver investing public at large. With more than a year of hands on research, we have identified some of the biggest fake silver and gold counterfeit threats facing the investing public today.

This Special Report on the growing threat of fake silver and counterfeit gold products will arm you with solutions on how to best avoid being ripped off by sellers of phony bullion products."

- Source, Gold Silver:

Sunday, 23 June 2013

China to Increase Gold Holdings

China has a way to go before catching developing countries in gold holdings per capita, sitting at just 5 grams versus 20 in developing countries.

Research from the China Gold Association shows that in April, Chinese bullion buyers made a good start buying 137 tonnes of gold, almost 100 per cent higher than the previous month.

The Association spokesman said that demand this year could reach 900 to 1,000 tonnes, although today's gold rout may see gold buyers in China tempted to pick up the pace of their purchases.

China is poised to pass India as the largest bullion consumer as early as this year after New Delhi raised import taxes and Beijing made investing easier, the Association said.

Also bullish for gold consumption, China approved its first two domestic exchange traded funds (ETF's) backed by the metal this month while India raised levies to curb demand that is feeding a current-account gap.

The two countries account for more than half of global demand.

The gold price fell US $73.50 to US $1,277.80 an ounce overnight in panicked selling.

Will Chinese bullion and gold jewellery buyers seize the opportunity to increase their holdings of the yellow metal in response to the large falls in price?

Based on recent evidence, the odds are better than not. Increasing their holdings will barely make a dent on their gold holdings per capita versus the average of developed countries. Time will tell.


- Source, Proactive Investors:

Friday, 21 June 2013

Kyle Bass - The Next 18 Months Will Redefine Economic Orthodoxy For The West


Kyle Bass covers three critical topics in this excellent in-depth interview before turning to a very wide-ranging and interesting Q&A session. The topics he focuses on are Central bank expansion (with a mind-numbing array of awe-full numbers to explain just where the $10 trillion of freshly created money has gone), Japan's near-term outlook ("the next 18 months in Japan will redefine the economic orthodoxy of the West"), and most importantly since, as he notes, "we are investing in things that are propped up and somewhat made up,"the psychology of negative outcomes. The latter, Bass explains, is one of the most frequently discussed topics at his firm, as he points out that "denial" is extremely popular in the financial markets.

Simply put, Bass explains, we do not want to admit that there is this serious (potentially perilous) outcome that disallows the world to continue on the way it has, and that is why so many people, whether self-preserving or self-dealing, miss all the warning signs and get this wrong - "it's really important to understand that people do not want to come to the [quantitatively correct but potentially catastrophic] conclusion; and that's why things are priced the way they are in the marketplace."

2:40 Bass begins

- Source, Zero Hedge:



The Rational Market Myth

One of the myths of economics is that markets are rational. Theories are based on this assumption, and the belief that markets are rational fuels the argument against regulation. The market response to the Federal Reserve’s June 19 statement that it will taper off its bond purchases if its forecast comes true is unequivocal proof that markets are irrational.

The Federal Reserve’s statement that it “currently anticipates that it would be appropriate to moderate the monthly pace of purchases [of bonds] later this year” depends on a very big if. The if is the correctness of the Fed’s forecast of moderate economic growth and employment gains.

The Fed has not stopped purchasing $85 billion of bonds each month. So nothing real has changed. Indeed, there was no new information in the Fed’s statement. It has been known for some time that, according to the Fed, its bond purchases will gradually cease.

In response to this repeat of old information, the stock and bond markets sold off in a major way on June 19-20. This market response to the Fed’s statement indicates that the Fed’s forecast is unlikely to come true. Low interest rates and a high stock market are totally dependent on the liquidity that the Fed is injecting by printing $1,000 billion per year. If this liquidity is not injected, what will sustain the markets? If the markets crash and interest rates rise, how can the Fed expect recovery?

In other words, the participants in the stock and bond markets know that the markets are bubbles created by the printing press. There is no real basis for the high stock and bond prices. The prices are an artificial reality created by the printing press. Rational markets would take into account the printing press element and would price stocks and bonds at a much lower level.

- Source, Paul Craig Roberts, read the full post here:

paulcraigroberts.org


Monday, 10 June 2013

The Silver Bull Market is NOT Over Yet!


SNNLive spoke with David Morgan of The Morgan Report at Cambridge House International's World Resource Investment Conference 2013 in Vancouver, CA.

- Source, Cambridge House:

Saturday, 8 June 2013

France Bans Shipment of Gold and Silver

In France, a new law that sending gold, silver and cash prohibits. Companies gold coins on sale and send by post can not exercise this new law work. Sites are also traders who are prevented by the new law. Operates like eBay.

In September 2011, the French government took all measures to limit. anonymous cash purchases of gold and silver Since then, every purchase of bullion with a value of more than € 450 per bank transfer happen. With the new law since June 1 this year in force is also sending by post of banknotes and precious metals restricted.

The new legislation can be found on this website , where under Chapter I, the following Article D1 of the universal postal service and the postal service obligations is:

"L'insertion the billets de banque, the pièces et de metaux precieux est interdite dans les envois postaux, y compris dans les envois à valeur déclarée, lesson envois recommandes et les envois faisant l'objet de leur formalités attestant dépôt et leur distribution. "

Loosely translated the law says that inserting banknotes, coins and precious metals is prohibited in mail. That includes insured and registered mail shipments.

- Source, Market Update:

Thursday, 6 June 2013

Gold Sales Prohibited by Central Bank of India

Two weeks ago, with its current account getting crushed by relentless gold imports, India's finance minister Chidambaram literally begged the people to stop buying gold. Judging by the popular response, the ongoing physical shortage, and last night's increase in Indian gold import duties from 6% to 8%, appealing to people's feeling when it comes to the choice of fiat vs physical, has failed miserably. So the FinMin Chidambaram has decided to escalate. Per Reuters: "The Reserve Bank of India has advised banks against selling gold coins to retail customers, Finance Minister P. Chidambaram said on Thursday, a day after he raised gold import duty to try to ease pressure on India's bloated current account deficit." Well, if there ever was one sure way to send demand for any product through the roof (guns, ammo, etc), it is for the government to prohibit its outright sale. What follows next, almost without fail, is a panicked, chaotic buying scramble.

Gold imports by India, the world's biggest buyer of bullion, surged to 162 tonnes in May -- more than twice the monthly average in the record year of 2011.

"I think the Reserve Bank has advised banks that they should not sell gold coins," said Chidambaram, while speaking at an event in Mumbai.

Chidambaram also urged banks to advise their customers not to invest in gold.


Why? If it is not clear by now, here is the explanation: there is simply not enough gold to satisfy demand at the current artificially downward-manipulated price, no matter what propaganda script is being spun on Verizon TV at any given moment. And with India's idiotic decree, even more gold will be purchased at these prices.

Dear India - here is a simple way to limit demand: price.

Petition the central banks to allow gold to price based on price discovery, or as it is also known supply and demand. Because if gold were to cost $2000,$5000, $10,000/oz then all problems resulting from excess demand would immediately disappear and India's current account would be back to normal.

Of course this will not happen, as the crumbling facade of the imploding fiath based regime would immediately peel away. So back to gold capital controls and other ad hoc made-up measures guaranteed to not only fail but push the price of physical gold much higher.

Good luck.


- Source, Zero Hedge:

Sunday, 2 June 2013

The Level of Physical Gold Being Traded is Shocking!

“Just look at what’s happening in the physical gold market. The LBMA reported record gold transactions in April, of plus 25%. This is the highest level since gold peaked in September of 2011. So physical trading is at the same level where it was when gold was at its peak at $1,900. That’s extraordinary. The level of physical gold trading is incredible. We are seeing the same activity now as when gold was at its peak. And it proves that all of the selling is in the paper market.

Remember, Eric, these were April figures. We have seen, and also refiners have seen much higher activity in May. So demand is even greater right now. I believe that we have seen the gold market finally turn to the upside, despite today’s pull back  It’s possible to see some consolidation before gold takes off, but the real move, when it starts and it won’t be far away, that will be massive.”

- Egon Von Greyerz via a recent King World News interview, read the full interview here:



Wednesday, 29 May 2013

Bitcoin Vs Gold and Silver


We first celebrated Bitcoin Invading Mainstream Banking on January 11, then reported here on April 30 that Canada had tightened its grip on Bitcoin exchanges. In another article (with video from Mike), we posed the question: Could Bitcoin Eventually be the New World Currency?

The big deal over Bitcoin is our freedom of choice, because if digital options such as Bitcoin or U.S. dollars were equal in value as money to gold and silver, the owners of the systems wouldn't need laws to enforce a currency monopoly. Mike has already taken sides in this controversy, saying, "I'm for whatever the free market picks for currency."

Dr. Martenson agreed, wisely pointing out the ongoing "Cold War race between security professionals and hackers."


- Source, Gold Silver.com:

Thursday, 23 May 2013

Shortage Intensifies Gold Clients Being Denied Holdings

"Last week we had an investor being refused to take his physical gold out of a major Swiss bank. They told him that the regulatory authority prevented the bank from giving the client his physical gold. That is of course total nonsense, and eventually we helped the client to get his gold out of the bank.

Another of our clients was told by a major Swiss bank that he can only take out 100,000 Swiss francs of physical gold every six months. They blamed money laundering and terrorist activity for this decision. Yet another client was again told by a major Swiss bank that his storage fees would be going up substantially. When he complained he was told that he should convert to paper gold.

And finally, Eric, another big bank, which has an ETF, told a client who wanted to transfer gold out it that he would have to wait at least two weeks for the transfer. You just wonder why a major bank that is supposed to hold substantial amounts of physical gold needs two weeks of more to transfer gold to a client.

So all of this, Eric, points to the fact that there is a major shortage of physical gold in the banks. These banks obviously don’t want to lose customers, but their behaviour and the reluctance to deliver also points to a real shortage in the physical market."

- Egon Von Greyerz via a recent King World News Interview, read the full interview here:

Tuesday, 21 May 2013

Canary in the Coalmine Gold and Silver

"In general when equity prices are rising and credit spreads are tightening, the ratio of gold-to-silver prices falls as 'fear' ebbs away and confidence in a real economy returns as exemplified by the rise of risk assets. Twice before we have seen the anti-correlation of stocks and gold/silver flip to a highly correlated regime, and as Bloomberg's Chart of the Day notes, each time it suggested "stocks were due to snap". It seems a concerted push above and a 50x ratio (for gold-to-silver) tends to exhibit notably risk-off behaviour  Currently, the S&P 500 and Gold-to-Silver ratio have been highly correlated since this last rally began in stocks and as HSBC's Charles Morris notes, this suggests a 'snap' in risk assets within six months."

- Excerpt from a recent Zero Hedge article, read the full article here:

Wednesday, 15 May 2013

Gold & Silver It Could Get Uglier

"The realistic general consensus is that the spot prices for gold and silver are no longer relevant. Yet, what remains the one price on which focus has intensified for each? There simply is no other alternative, at present. A distinction is made concerning the purchases by China, Russia, India, et al, paying a larger premium over spot gold, prior to the sell-off, and prices paid by those purchasing single ounce coins or even kilo bars, “the people,” as it were.

Purchases made by the tonne, from the countries mentioned, are not reported in a way that can be measured, and in fact, those purchases are not publicly reported. While the reports of unprecedented demand for both gold and silver on a world-wide basis in response to the attack on longs, last month, continues, we think the New World Order and its vast infrastructure, IMF, UN, Basel, central bankers, all governments in the West under its control, is not overly concerned about the man-on-the-street demand.

The next chapter has yet to be written. One thing is likely to be certain, it will get uglier."

- Excerpt from a recent Edge Trader Plus article, read the full article here:

Monday, 13 May 2013

One Year in Hell - Surviving a Total Collapse

Many in the precious metals world are expecting a collapse of some nature, whether it be a financial collapse or a complete "Mad Max Road Warrior" style collapse. The truth is simply owning gold and silver won't save you. It will most certainly help, but other goods are required as well. The following is a real life story from someone who HAS lived and survived a full on collapse. His story is a MUST read. It is not only interesting, but it is filled with a wealth of knowledge. Enjoy.



Selco's story of survival:

I am from Bosnia. You know, between 1992 and 1995, it was hell. For one year, I lived and survived in a city with 6,000 people without water, electricity, gasoline, medical help, civil defence  distribution service, any kind of traditional service or centralized rule.

Today, me and my family are well-prepared, I am well-armed. I have experience.


It does not matter what will happen: an earthquake, a war, a tsunami, aliens, terrorists, economic collapse, uprising. The important part is that something will happen.


The following is my experience:

Our city was blockaded by the army; and for one year, life in the city turned into total crap. We had no army, no police. We only had armed groups; those armed protected their homes and families.

When it all started, some of us were better prepared. But most of the neighbours  families had enough food only for a few days. Some had pistols; a few had AK-47s or shotguns.

After a month or two, gangs started operating, destroying everything. Hospitals, for example, turned into slaughterhouses. There was no more police. About 80 percent of the hospital staff were gone. I got lucky. My family at the time was fairly large (15 people in a large house, six pistols, three AKs), and we survived (most of us, at least).

The Americans dropped MREs every 10 days to help blockaded cities. This was never enough. Some — very few — had gardens. It took three months for the first rumours to spread of men dying from hunger and cold. We removed all the doors, the window frames from abandoned houses, ripped up the floors and burned the furniture for heat. Many died from diseases, especially from the water (two from my own family). We drank mostly rainwater, ate pigeons and even rats.

Money soon became worthless. We returned to an exchange. For a tin can of tushonka (think Soviet spam), you could have a woman. (It is hard to speak of it, but it is true.) Most of the women who sold themselves were desperate mothers.

Arms, ammunition, candles, lighters, antibiotics, gasoline, batteries and food. We fought for these things like animals. In these situations, it all changes. Men become monsters. It was disgusting.

Strength was in numbers. A man living alone getting killed and robbed would be just a matter of time, even if he was armed.

Today, me and my family are well-prepared, I am well-armed. I have experience.

It does not matter what will happen: an earthquake, a war, a tsunami, aliens, terrorists, economic collapse, uprising. The important part is that something will happen.

Here’s my experience: You can’t make it on your own. Don’t stay apart from your family; prepare together, choose reliable friends.

1. How to move safely in a city

The city was divided into communities along streets. Our street (15 to 20 homes) had patrols (five armed men every week) to watch for gangs and for our enemies.

All the exchanges occurred in the street. About 5 kilometres away was an entire street for trading, all well-organized; but going there was too dangerous because of the snipers. You could also get robbed by bandits. I only went there twice, when I needed something really rare (list of medicine, mainly antibiotics, of the French original of the texts).

Nobody used auto-mobiles in the city: The streets were blocked by wreckage and by abandoned cars. Gasoline was very expensive. If one needed to go somewhere, that was done at night. Never travel alone or in groups that were too big — always two to three men. All armed, travel swift, in the shadows, cross streets through ruins, not along open streets.

There were many gangs 10 to 15 men strong, some as large as 50 men. But there were also many normal men, like you and me, fathers and grandfathers, who killed and robbed. There were no “good” and “bad” men. Most were in the middle and ready for the worst.

2. What about wood? Your home city is surrounded by woods; why did you burn doors and furniture?

There were not that many woods around the city. It was very beautiful — restaurants, cinemas, schools, even an airport. Every tree in the city and in the city park was cut down for fuel in the first two months.

Without electricity for cooking and heat, we burned anything that burned. Furniture, doors, flooring: That wood burns swiftly. We had no suburbs or suburban farms. The enemy was in the suburbs. We were surrounded. Even in the city you never knew who was the enemy at any given point.

3. What knowledge was useful to you in that period?

To imagine the situation a bit better, you should know it was practically a return to the Stone Age.

For example, I had a container of cooking gas. But I did not use it for heat. That would be too expensive! I attached a nozzle to it I made myself and used to fill lighters. Lighters were precious.

If a man brought an empty lighter, I would fill it; and he would give me a tin of food or a candle.

I was a paramedic. In these conditions, my knowledge was my wealth. Be curious and skilled. In these conditions, the ability to fix things is more valuable than gold.

Items and supplies will inevitably run out, but your skills will keep you fed.

I wish to say this: Learn to fix things, shoes or people.

My neighbour, for example, knew how to make kerosene for lamps. He never went hungry.

4. If you had three months to prepare now, what would you do?

Three months? Run away from the country? (joking)

Today, I know everything can collapse really fast. I have a stockpile of food, hygiene items, batteries — enough to last me for six months.

I live in a very secure flat and own a home with a shelter in a village 5 kilometres away. Another six-month supply there, too. That’s a small village; most people there are well-prepared. The war had taught them.

I have four weapons and 2,000 rounds for each.

I have a garden and have learned gardening. Also, I have a good instinct. You know, when everyone around you keeps telling you it’ll all be fine, but I know it will all collapse.

I have strength to do what I need to protect my family. Because when it all collapses, you must be ready to do “bad” things to keep your children alive and protect your family.

Surviving on your own is practically impossible. (That’s what I think.) Even you’re armed and ready, if you’re alone, you’ll die. I have seen that happen many times.

Families and groups, well-prepared, with skills and knowledge in various fields: That’s much better.

5. What should you stockpile?

That depends. If you plan to live by theft, all you need is weapons and ammo. Lots of ammo.

If not, more food, hygiene items, batteries, accumulators, little trading items (knives, lighters, flints, soap). Also, alcohol of a type that keeps well. The cheapest whiskey is a good trading item.

Many people died from insufficient hygiene. You’ll need simple items in great amounts. For example, garbage bags. Lots of them. And toilet papers. Non-reusable dishes and cups: You’ll need lots of them. I know that because we didn’t have any at all.

As for me, a supply of hygiene items is perhaps more important than food. You can shoot a pigeon. You can find a plant to eat. You can’t find or shoot any disinfectant.

Disinfectant, detergents, bleach, soap, gloves, masks.

First aid skills, washing wounds and burns. Perhaps you will find a doctor and will not be able to pay him.

Learn to use antibiotics. It’s good to have a stockpile of them.

You should choose the simplest weapons. I carry a Glock .45. I like it, but it’s a rare gun here. So I have two TT pistols, too. (Everyone has them and ammo is common.)

I don’t like Kalashnikov’s, but again, same story. Everyone has them; so do I.

You must own small, unnoticeable items. For example, a generator is good, but 1,000 BIC lighters are better. A generator will attract attention if there’s any trouble, but 1,000 lighters are compact, cheap and can always be traded.

We usually collected rainwater into four large barrels and then boiled it. There was a small river, but the water in it became very dirty very fast.

It’s also important to have containers for water: barrels and buckets.

6. Were gold and silver useful?

Yes. I personally traded all the gold in the house for ammunition.

Sometimes, we got our hands on money: dollars and Deutschmarks. We bought some things for them, but this was rare and prices were astronomical. For example, a can of beans cost $30 to $40. The local money quickly became worthless. Everything we needed we traded for through barter.

7. Was salt expensive?

Yes, but coffee and cigarettes were even more expensive. I had lots of alcohol and traded it without problems. Alcohol consumption grew over 10 times as compared to peacetime. Perhaps today, it’s more useful to keep a stock of cigarettes, lighters and batteries. They take up less space.

At this time, I was not a survivalist. We had no time to prepare — several days before the shit hit the fan. The politicians kept repeating over the TV that everything was going according to plan, there’s no reason to be concerned. When the sky fell on our heads, we took what we could.

8. Was it difficult to purchase firearms? What did you trade for arms and ammunition?

After the war, we had guns in every house. The police confiscated lots of guns at the beginning of the war. But most of them we hid. Now I have one legal gun that I have a license for. Under the law, that’s called a temporary collection. If there is unrest, the government will seize all the registered guns. Never forget that.

You know, there are many people who have one legal gun, but also illegal guns if that one gets seized. If you have good trade goods, you might be able to get a gun in a tough situation. But remember, the most difficult time is the first days, and perhaps you won’t have enough time to find a weapon to protect your family. To be disarmed in a time of chaos and panic is a bad idea.

In my case, there was a man who needed a car battery for his radio. He had shotguns. I traded the accumulator for both of them. Sometimes, I traded ammunition for food, and a few weeks later traded food for ammunition. Never did the trade at home, never in great amounts.

Few people knew how much and what I keep at home.

The most important thing is to keep as many things as possible in terms of space and money. Eventually, you’ll understand what is more valuable.

Correction: I’ll always value weapons and ammunition the most. Second? Maybe gas masks and filters.

9. What about security?

Our defenses were very primitive. Again, we weren't ready, and we used what we could. The windows were shattered, and the roofs in a horrible state after the bombings. The windows were blocked — some with sandbags, others with rocks.

I blocked the fence gate with wreckage and garbage, and used a ladder to get across the wall. When I came home, I asked someone inside to pass over the ladder. We had a fellow on our street that completely barricaded himself in his house. He broke a hole in the wall, creating a passage for himself into the ruins of the neighbour's house — a sort of secret entrance.

Maybe this would seem strange, but the most protected houses were looted and destroyed first. In my area of the city, there were beautiful houses with walls, dogs, alarms and barred windows. People attacked them first. Some held out; others didn't. It all depended how many hands and guns they had inside.

I think defence is very important, but it must be carried out unobtrusively. If you are in a city and SHTF comes, you need a simple, non-flashy place, with lots of guns and ammo.

How much ammo? As much as possible.

Make your house as unattractive as you can.

Right now, I own a steel door, but that’s just against the first wave of chaos. After that passes, I will leave the city to rejoin a larger group of people, my friends and family.

There were some situations during the war. There’s no need for details, but we always had superior firepower and a brick wall on our side.

We also constantly kept someone watching the streets. Quality organization is paramount in case of gang attacks.

Shooting was constantly heard in the city.

Our perimeter was defended primitively. All the exits were barricaded and had little firing slits. Inside we had at least five family members ready for battle at any time and one man in the street, hidden in a shelter.

We stayed home through the day to avoid sniper fire.

At first, the weak perish. Then, the rest fight.

During the day, the streets were practically empty due to sniper fire. Defences were oriented toward short-range combat alone. Many died if they went out to gather information, for example. It’s important to remember we had no information, no radio, no TV — only rumours and nothing else.

There was no organized army; every man fought. We had no choice. Everybody was armed, ready to defend themselves.

You should not wear quality items in the city; someone will murder you and take them. Don’t even carry a “pretty” long arm, it will attract attention.

Let me tell you something: If SHTF starts tomorrow, I’ll be humble. I’ll look like everyone else. Desperate, fearful. Maybe I’ll even shout and cry a little bit.

Pretty clothing is excluded altogether. I will not go out in my new tactical outfit to shout: “I have come! You’re doomed, bad guys!” No, I’ll stay aside, well-armed, well-prepared, waiting and evaluating my possibilities, with my best friend or brother.

Super-defences, super-guns are meaningless. If people think they should steal your things, that you’re profitable, they will. It’s only a question of time and the amount of guns and hands.

10. How was the situation with toilets?

We used shovels and a patch of earth near the house. Does it seem dirty? It was. We washed with rainwater or in the river, but most of the time the latter was too dangerous. We had no toilet paper; and if we had any, I would have traded it away.

It was a “dirty” business.

Let me give you a piece of advice: You need guns and ammo first — and second, everything else. Literally everything! All depends on the space and money you have.

If you forget something, there will always be someone to trade with for it. But if you forget weapons and ammo, there will be no access to trading for you.

I don’t think big families are extra mouths. Big families means both more guns and strength — and from there, everyone prepares on his own.

11. How did people treat the sick and the injured?

Most injuries were from gunfire. Without a specialist and without equipment, if an injured man found a doctor somewhere, he had about a 30 percent chance of survival.

It ain’t the movie. People died. Many died from infections of superficial wounds. I had antibiotics for three to four uses — for the family, of course.

People died foolishly quite often. Simple diarrhea will kill you in a few days without medicine, with limited amounts of water.

There were many skin diseases and food poisonings… nothing to it.

Many used local plants and pure alcohol — enough for the short-term, but useless in the long term.

Hygiene is very important, as well as having as much medicine as possible — especially antibiotics.


- Sources, the Silver Doctors and the Survivalist Boards:


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