This makes for about a 10% discount if you were thinking of buying more. Excellent buy the dip opportunity.
z
Monday, April 25, 2011
IMF: Age of America nears end
Nothing to see here folks.
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IMF bombshell: Age of America nears end
http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?link=MW_home_latest_news
The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
According to the latest IMF official forecasts, China's economy will surpass that of America in real terms in 2016 — just five years from now. Brett Arends looks at the implications for the U.S. dollar and the Treasury market.
And it’s a lot closer than you may think.
According to the latest IMF official forecasts published two weeks ago, China’s economy will surpass that of America in real terms in 2016 — just five years from now.
Put that in your calendar.
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z
=====
IMF bombshell: Age of America nears end
http://www.marketwatch.com/story/imf-bombshell-age-of-america-about-to-end-2011-04-25?link=MW_home_latest_news
The International Monetary Fund has just dropped a bombshell, and nobody noticed.
For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
According to the latest IMF official forecasts, China's economy will surpass that of America in real terms in 2016 — just five years from now. Brett Arends looks at the implications for the U.S. dollar and the Treasury market.
And it’s a lot closer than you may think.
According to the latest IMF official forecasts published two weeks ago, China’s economy will surpass that of America in real terms in 2016 — just five years from now.
Put that in your calendar.
=====
z
Gold and Silver Confiscation “Unlikely”
No Comment. Buy it cause it's shiny.
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Gold and Silver Confiscation “Unlikely”
http://www.shtfplan.com/precious-metals/gold-confiscation-unlikely_04252011
…the situation today is very different from that of 78 years ago. At that time, gold was the primary currency, the dollar being tied to it at $20.67 per ounce. But today, the Fed and European central banks strongly deny that gold has any monetary role at all, and argue instead that it’s just a hangover from the past: “that barbarous relic” as Keynes called it. Its confiscation would be an embarrassing admission that gold, after all, is money.
Nevertheless, as paper currencies continue to lose credibility, the temptation for any government to seize its citizens’ gold to enhance official holdings must be growing. Americans today, however, are unlikely to meekly accept confiscation the way they did under Roosevelt. And nowadays, you may be American, but your gold is not necessarily held at an American bank: it is just as likely to be in London, Zurich or Hong Kong.
The wording of a compulsory order is all-important. Confiscation requires the gold itself to be surrendered, which presumably would be the objective if a government is to add to official holdings. If gold ownership is merely banned, it is a different matter. A bullion bank holding gold in an unallocated account would almost certainly be unable to deliver physical gold if required to do so by the American government, but it would be able to close out the account for cash. And there is the thorny question of derivatives, which hardly existed in the 1930s. All futures and options trading would cease, and contracts for forward delivery would be cancelled, possibly with serious financial consequences.
The international nature of gold would probably require all G10 or even G20 members to agree to similar actions against their own citizens. It seems unlikely that all governments would agree to this, unless they all had their backs hard against the wall.
Source: Gold Money Op-Ed via FinanceAndEconomics.org
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z
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Gold and Silver Confiscation “Unlikely”
http://www.shtfplan.com/precious-metals/gold-confiscation-unlikely_04252011
…the situation today is very different from that of 78 years ago. At that time, gold was the primary currency, the dollar being tied to it at $20.67 per ounce. But today, the Fed and European central banks strongly deny that gold has any monetary role at all, and argue instead that it’s just a hangover from the past: “that barbarous relic” as Keynes called it. Its confiscation would be an embarrassing admission that gold, after all, is money.
Nevertheless, as paper currencies continue to lose credibility, the temptation for any government to seize its citizens’ gold to enhance official holdings must be growing. Americans today, however, are unlikely to meekly accept confiscation the way they did under Roosevelt. And nowadays, you may be American, but your gold is not necessarily held at an American bank: it is just as likely to be in London, Zurich or Hong Kong.
The wording of a compulsory order is all-important. Confiscation requires the gold itself to be surrendered, which presumably would be the objective if a government is to add to official holdings. If gold ownership is merely banned, it is a different matter. A bullion bank holding gold in an unallocated account would almost certainly be unable to deliver physical gold if required to do so by the American government, but it would be able to close out the account for cash. And there is the thorny question of derivatives, which hardly existed in the 1930s. All futures and options trading would cease, and contracts for forward delivery would be cancelled, possibly with serious financial consequences.
The international nature of gold would probably require all G10 or even G20 members to agree to similar actions against their own citizens. It seems unlikely that all governments would agree to this, unless they all had their backs hard against the wall.
Source: Gold Money Op-Ed via FinanceAndEconomics.org
=======
z
Silver Supplies Drying Up
Heard on the street.
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APMEX out of Silver Eagles until May 13.
Gainesville Coins lists Eagles shipping May 27.
Physical supply rapidly drying up.
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Got physical? The game is almost up.
z
----
APMEX out of Silver Eagles until May 13.
Gainesville Coins lists Eagles shipping May 27.
Physical supply rapidly drying up.
----
Got physical? The game is almost up.
z
Silver Still Well Short of Inflation-Adjusted High
The first milestone of breaking nominal highs has been hit. Next is a closing price above nominal highs. Then it's off to the races. Nothing is stopping it until inflation adjusted highs of $130. Remember to watch the gold/silver ratio, right now in the low 30's.
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Silver Still Well Short of Inflation-Adjusted High
http://www.etftrends.com/2011/04/silver-still-well-short-of-inflation-adjusted-high/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+etftrends-feed+%28ETF+Trends%29
Silver futures are pulling back after soaring to nearly $50 an ounce in a record-breaking run earlier Monday. Still, silver remains well below its inflation-adjusted high, according to a report.
Silver prices climbed as much as 5.4% Monday to $49.79 an ounce to a nominal all-time high, topping the previous peak of $49.45 in January 1980, Bloomberg reported.
However, adjusted for inflation, silver is well short of its 1980 high. Silver’s inflation-adjusted price would be $131.49 an ounce based on its 1980 peak, according to WSJ MarketBeat. Meanwhile, gold’s record of $875 an ounce in 1980 converts into about $2,371 in today’s dollars, according to the report.
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z
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Silver Still Well Short of Inflation-Adjusted High
http://www.etftrends.com/2011/04/silver-still-well-short-of-inflation-adjusted-high/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+etftrends-feed+%28ETF+Trends%29
Silver futures are pulling back after soaring to nearly $50 an ounce in a record-breaking run earlier Monday. Still, silver remains well below its inflation-adjusted high, according to a report.
Silver prices climbed as much as 5.4% Monday to $49.79 an ounce to a nominal all-time high, topping the previous peak of $49.45 in January 1980, Bloomberg reported.
However, adjusted for inflation, silver is well short of its 1980 high. Silver’s inflation-adjusted price would be $131.49 an ounce based on its 1980 peak, according to WSJ MarketBeat. Meanwhile, gold’s record of $875 an ounce in 1980 converts into about $2,371 in today’s dollars, according to the report.
=====
z
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