| Silver Slingshot! |
|
 |
|
Another great week for the monetary metals and especially silver which surged nearly 4% yesterday to close above $24 US for the first time since May 9th. Every day the list of reasons to own physical silver and gold bullion grows longer; this week you can add a report that U.S forces have reportedly entered Syria along with more startling numbers from The Shanghai Gold Exchange, where physical gold settlements are near equal to world-wide mine supply! Silver and gold bullion is still available at fire sale prices thanks to the most vicious attacks ever by the gold cartel and their henchmen this past spring, which scared many Western investors and paralyzed much of the mining industry. If fundamentals had anything to do with price, Bernanke's QEternity programs would've launched gold and silver prices from the $1700 and $32 levels of last October to at least $2500 and $50 today, and likely much more. But black is white when it comes to silver and gold. The wheels of this fiat freight-train are now squealing horribly and the sparks are setting off fires all over the world -- fortunately you can still get off this wreck and protect yourself with silver and gold bullion. Please contact me for the best pricing and performance. Cheers!
UK Gold Exports Surge Tenfold This Year
UK gold exports to Switzerland, the hub of the gold refining industry, leapt to 798 tonnes in the first six months of the year, up from just 83 tonnes in the first half of 2012, according to data from Eurostat. At the same time Swiss gold refiners, such as Metalor, Pamp, Valcambi, and Argor-Heraeus, have enjoyed a boom, melting down large 400-ounce bars from London vaults and reprocessing them into smaller products that are preferred by Asian buyers. "The Swiss are running three or four shifts to keep the refineries going non-stop."
"Hello Scotia Mocatta, It's JPM. Yes, Again. We Need More Gold"
It happened again. And like the last time JPM plundered 20K ounces of Scotia gold on August 8, JPM took directly from Scotia's registered gold inventory. We wonder how regular, non-TBTF customers of Scotia would feel if they learned that their registered gold was now in the "possession" of JP Morgan?
The Fed Is Insolvent ... Do You Still Think the Crisis is Over?
Consider the following. The Fed has only $50 billion or so in capital. With the Fed now owning over 30% of the ten-year market, every time bonds drop and yields rise, the Fed will erase ALL of this capital. Indeed, Mark Hussman of Hussman Funds notes that even a 100 basis point increase in yields will wipe out the Fed's capital six times over. Anyone who believes the Fed can "exit" this position is delusional.
Willie: 13 Reasons Why Gold Will Hit $5000/oz
The following factors are directly relevant as to why the Gold Price will rise to $5000 per ounce, then higher. At the same time, the Silver price will rise multiples higher. The gains for Silver will most likely be a greater multiple than seen on the Gold price rise. The shortage for Silver is astounding and obvious to analysts and experts. The shortage for Gold is more subtle, as thousands of tons have been leased illicitly. Therefore the accounting is replete with double counting and outright missing accounts in false reporting. The most egregious ledger item is the US Govt gold reserves, listed as deep storage gold, translated to mean some scattered Barrick Gold ore bodies buried in mountain ranges.
Happy To Help ..
Now is NOT the time to be complacent. Those that have been right about this market (Sprott, Sinclair, Turk) believe that these recent paper price attacks were a signal that the coming financial hurricane is closer than ever, and that physical silver an gold ownership is an absolute necessity. We currently have a healthy supply of gold and silver products, in all shapes and sizes. Please contact me for the very best pricing and discreet, informed service.
Kunstler: Nowhere to Run, Nowhere to Hide
The fear is that the central banks have finally lost control of a situation that they have only pretended to control since 2007, when the grotesque racket of mortgage re-bundling caused a psychotic break in the banking system. The prescribed therapy for that was half a decade of ZIRP and maxing out the national credit card. The ugly truth now emerging through this fog of psychosis is that the bond market probably can't be saved, and without it all other paper markets are toast, including the stock markets and very possibly the entire fiat currency system.
|
Sovereign Exchange International Ltd.
Steven Merrill, President
www.sovereignize.net
phone:
778.835.7667
|
|
Engage a Rich New Audience; Reconcile to your Private Account; Settle for Metal at Any Time. The Sovereign Exchange was founded by Steven Merrill and a small network of individuals from across British Columbia with a vision to embrace Austrian economic principles and provide a sound and stable payment facility than be trusted for commerce and used to store wealth.
|
|
|
