You know, as they say...
another day, another dollar
or
another day, another dollar more for silver
z
Wednesday, April 20, 2011
The Chinese Silver Bullet
Here's a good one on silver demand in china. It's an older video, but still worth a watch. As Americans we are used to thinking that we are the primary consumer demand in the world. This may have been the case 50 years ago, it's not anymore. The rest of the world understands and appreciates physical silver and gold. So you want to travel? The rest of the world won't always accept FRNs in the future. They will accept gold and silver.
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From the blogsphere:
The Guangzhou Daily reported that a man went into a local bullion dealer in Guangzhou and bought 10 million RMB worth of physical silver. This amount converts to roughly $1.5 million USD. This Chinese investor and his assistants brought in eight suitcases full of cash to complete the transaction. I wanted to point out about physical silver is - market price - paper silver has a price determined by the banks, where as real silver has a price determined by the market. With physical silver you can refuse to sell for a particular price and try to find a different buyer whereas with bank silver there is a fixed price and all buyers are considered to be the same. They "make" the market.?
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z
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From the blogsphere:
The Guangzhou Daily reported that a man went into a local bullion dealer in Guangzhou and bought 10 million RMB worth of physical silver. This amount converts to roughly $1.5 million USD. This Chinese investor and his assistants brought in eight suitcases full of cash to complete the transaction. I wanted to point out about physical silver is - market price - paper silver has a price determined by the banks, where as real silver has a price determined by the market. With physical silver you can refuse to sell for a particular price and try to find a different buyer whereas with bank silver there is a fixed price and all buyers are considered to be the same. They "make" the market.?
============
z
Expect The Gold To Silver Ratio To Hit Single Digits
This is along the same lines as what I was thinking when I posted my updated investment strategy. Buy as much silver as you can, and when the ratio approaches 10 or goes below, sell some of your silver and buy gold. You will then have done a few things. Namely, you got out of the paper money system. You invested in an undervalued via manipulation physical asset, Silver. The manipulation will be destroyed and the price of silver will shoot to the sky and close the gold/silver ratio. Then all that silver profits you can move into physical gold and bam!, you now have lots of the ultimate form of money and store of wealth, gold.
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Eric Sprott: "Expect The Gold To Silver Ratio To Hit Single Digits"
http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits
From Eric Sprott and Andrew Morris
Follow The Money
You know silver’s doing well when the commentators start giving it the ‘gold’ treatment. Silver’s recent rise has been so spectacular that it’s caught many investors off guard. It’s natural to be sceptical when you don’t know the fundamentals driving strong performance, and many pundits and commentators have been quick to downplay it as a result - much like they do towards gold when it enjoys a run. Silver is also an awkward metal for them to categorize. Is it a commodity, a monetary metal, or both? And which side is driving demand? If it’s industrial demand, that’s ok, because that’s bullish. But if it’s investment demand for silver as ‘money’, well then that’s sort of bearish, isn’t it? The fact remains that most commentators have failed to grasp the monetary shifts that silver is signaling today, and in doing so they’ve failed to appreciate just how high it could actually go.
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Don't forget about oil either. $111 today.
Z
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Eric Sprott: "Expect The Gold To Silver Ratio To Hit Single Digits"
http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits
From Eric Sprott and Andrew Morris
Follow The Money
You know silver’s doing well when the commentators start giving it the ‘gold’ treatment. Silver’s recent rise has been so spectacular that it’s caught many investors off guard. It’s natural to be sceptical when you don’t know the fundamentals driving strong performance, and many pundits and commentators have been quick to downplay it as a result - much like they do towards gold when it enjoys a run. Silver is also an awkward metal for them to categorize. Is it a commodity, a monetary metal, or both? And which side is driving demand? If it’s industrial demand, that’s ok, because that’s bullish. But if it’s investment demand for silver as ‘money’, well then that’s sort of bearish, isn’t it? The fact remains that most commentators have failed to grasp the monetary shifts that silver is signaling today, and in doing so they’ve failed to appreciate just how high it could actually go.
===============
Don't forget about oil either. $111 today.
Z
$44.5 Silver, Yikes
It's starting to move way too fast. I wanted to buy more phyzz, trying to work and get the dough, but it's looking like I may not get that chance. From what I can see the "hits" trying to take down the price are no longer working. As soon as the Banksters knock it down us average Joe's are sucking it right back up.
Remember Max Keiser says the JP Morgue will start having issues at $47. Max out all credit cards, dump all your bank accounts, close out all your retirement funds... and buy as much phyzz Silver as you possibly can. Once we breach the all time nominal high around $50 there is no stopping Silver. There is no ceiling at that point, and its true price is still unknown. Well, we know that it is higher, how high is the question.
Don't forget to bury it in your yard and don't tell your neighbors. Used up coffee cans work really well. Plant a shrub on top so you know exactly where to go looking when it's time to dig it up.
Ask your friends and neighbors about gold and silver... Go ahead and ask. Less than 1% of Americans own any non-jewelry gold and silver. In previous bubbles this number was more than 20%. Gold and silver are so far away from a bubble you should be put to sleep for thinking that. The bubble is the amount of federal reserve notes in circulation.
Silver is the Black Swan. Happy Investing =)
z
P.S. If you have taken physical delivery of phyzz Ag, you are now part of the Global Silver Liberation Army, whether you like it or not.
Remember Max Keiser says the JP Morgue will start having issues at $47. Max out all credit cards, dump all your bank accounts, close out all your retirement funds... and buy as much phyzz Silver as you possibly can. Once we breach the all time nominal high around $50 there is no stopping Silver. There is no ceiling at that point, and its true price is still unknown. Well, we know that it is higher, how high is the question.
Don't forget to bury it in your yard and don't tell your neighbors. Used up coffee cans work really well. Plant a shrub on top so you know exactly where to go looking when it's time to dig it up.
Ask your friends and neighbors about gold and silver... Go ahead and ask. Less than 1% of Americans own any non-jewelry gold and silver. In previous bubbles this number was more than 20%. Gold and silver are so far away from a bubble you should be put to sleep for thinking that. The bubble is the amount of federal reserve notes in circulation.
Silver is the Black Swan. Happy Investing =)
z
P.S. If you have taken physical delivery of phyzz Ag, you are now part of the Global Silver Liberation Army, whether you like it or not.
Tuesday, April 19, 2011
Late Tuesday Funny
From the blogsphere... Wishing I could retire early. Silver's gotta go to the moon first.
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And they ask---Why I Like Retirement?
Question: How many days in a week?
Answer: 6 Saturdays, 1 Sunday
Question: When is a retiree's bedtime?
Answer: Three hours after he falls asleep on the couch.
Question: How many retirees to change a light bulb?
Answer: Only one, but it might take all day.
Question: What's the biggest gripe of retirees?
Answer: There is not enough time to get everything done.
Question: Why don't retirees mind being called Seniors?
Answer: The term comes with a 10% percent discount .
Question: Among retirees what is considered formal attire?
Answer: Tied shoes.
Question: Why do retirees count pennies?
Answer: They are the only ones who have the time.
Question: What is the common term for someone who continues to work and refuses to retire?
Answer: NUTS!
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z
======================
And they ask---Why I Like Retirement?
Question: How many days in a week?
Answer: 6 Saturdays, 1 Sunday
Question: When is a retiree's bedtime?
Answer: Three hours after he falls asleep on the couch.
Question: How many retirees to change a light bulb?
Answer: Only one, but it might take all day.
Question: What's the biggest gripe of retirees?
Answer: There is not enough time to get everything done.
Question: Why don't retirees mind being called Seniors?
Answer: The term comes with a 10% percent discount .
Question: Among retirees what is considered formal attire?
Answer: Tied shoes.
Question: Why do retirees count pennies?
Answer: They are the only ones who have the time.
Question: What is the common term for someone who continues to work and refuses to retire?
Answer: NUTS!
========================
z
Schiff on S&P outlook on the Dollar
More of the same. The storm is building...
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Schiff on S&P outlook on the Dollar
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z
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Schiff on S&P outlook on the Dollar
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z
Ayn Rand, Atlas Shrugged
I've recommended this book many times. Here's another gem.
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“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: Account overdrawn.”
- Ayn Rand, Atlas Shrugged
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z
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“Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: Account overdrawn.”
- Ayn Rand, Atlas Shrugged
=====
z
My Investment Strategy, Update
So where I stand now is heavy in PSLV and light in SLW and JJC. I went long those stocks in November-ish. JJC is flat. SLW is up about 10% which is good, but... PSLV i'm up over 30%. The fact of the matter is that Silver is outperforming everything right now, even in crazy violently up-and-down times.
So, my moves are this week or next, selling JJC and SLW, and going 100% long PSLV. Silver baby silver. "They" say it's good to have a diversified portfolio... Screw that! If silver is the investment of the decade I'll be 100% long in it, thank you very much. But buying is easy, at some point you have to sell (or do you?) to lock in profits.
Here's the plan I devised today. I no longer feel comfortable talking about precious metals in terms of the ever-dying federal reserve note. Ratio is the price gold/silver. When I started with silver and gold the ratio was around 50, and it is now around 40. Historically it is 15, but because of industrial demand issues and overshoot of trends adjustment, we may get down to a ratio of 10. So...
I decided that I will ease out of silver beginning when the ratio is 20. Mind you, I am talking the paper stock markets. When the ratio is 20, I am selling 20% of my paper silver. But... I am not holding cash, I will use it to buy PHYS, which is Sprott's physcially backed gold fund. When the ratio is 15, I'm taking another 20% off and when it is 10, I'm taking another 20% off of my silver. Again, all these conversions will be into paper gold. And/or debt servicing depending on how soon or long this takes.
Of course, if the government decides to be responsible, stop accepting the federal reserve printing more and more and more money, and if the gov starts paying down debt, well then... Then I will sell all my paper metal and hold USD. LOL. Don't see that happening anytime soon though.
Happy Investing =)
z
So, my moves are this week or next, selling JJC and SLW, and going 100% long PSLV. Silver baby silver. "They" say it's good to have a diversified portfolio... Screw that! If silver is the investment of the decade I'll be 100% long in it, thank you very much. But buying is easy, at some point you have to sell (or do you?) to lock in profits.
Here's the plan I devised today. I no longer feel comfortable talking about precious metals in terms of the ever-dying federal reserve note. Ratio is the price gold/silver. When I started with silver and gold the ratio was around 50, and it is now around 40. Historically it is 15, but because of industrial demand issues and overshoot of trends adjustment, we may get down to a ratio of 10. So...
I decided that I will ease out of silver beginning when the ratio is 20. Mind you, I am talking the paper stock markets. When the ratio is 20, I am selling 20% of my paper silver. But... I am not holding cash, I will use it to buy PHYS, which is Sprott's physcially backed gold fund. When the ratio is 15, I'm taking another 20% off and when it is 10, I'm taking another 20% off of my silver. Again, all these conversions will be into paper gold. And/or debt servicing depending on how soon or long this takes.
Of course, if the government decides to be responsible, stop accepting the federal reserve printing more and more and more money, and if the gov starts paying down debt, well then... Then I will sell all my paper metal and hold USD. LOL. Don't see that happening anytime soon though.
Happy Investing =)
z
Silver Liberation Army
Here's the guy who coined the phrase global silver liberation army. This is a good watch.
Sweet that vid came out with the correct proportions, I'll go back and try to fix that last one.
z
Sweet that vid came out with the correct proportions, I'll go back and try to fix that last one.
z
Orion and NASA
Something to get your minds wondering off of your regular programming. Plus, I need to test embedding youtube videos.
Let's see if this works, should I think. Welp, I'm having issues with sizing it correctly in the browser... oh well. You can always "right click" on the vid and select "watch on youtube". Never mind I figured it out. Now the vid is the right proportions.
z
Let's see if this works, should I think. Welp, I'm having issues with sizing it correctly in the browser... oh well. You can always "right click" on the vid and select "watch on youtube". Never mind I figured it out. Now the vid is the right proportions.
z
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