Tax Freedom Day 2013 is April 18 — Five Days Later than Last Year Jim W. sent: 16% of Annual Silver Supply Just Vaporized Dollar Decline Confirmed Items from The Economatrix: Massive $20 Billion Paper Gold Sell Orders Trigger Stop Loss Selling and Unfounded Panic Gold Trader: Expect Margin Calls Monday Morning as Big Players Do Whatever it Takes to Get Physical Metal Extreme Nervousness in Regards To Collapse — Gold Silver a Must Rule
A Tale of Two Markets: At the same time that the speculative COMEX spot and futures market for silver has been slammed down hard, the physical market for silver has been so frantically bought that it hard to find any pre-1965 “junk” silver or 1-ounce silver rounds for sale. Nearly all of the wholesalers are reportedly sold out of bullion coins! They’ve all been snatched up by eager buyers. Reader Diana V. wrote to mention: ” The local shop I use sells any face amount of junk silver. Up until about two weeks ago [they charged a premium of] 3 …
I heard that some precious metals investors have felt panicky, in the recent sell-off. Don’t panic. The current sell-off was manipulated. The thing to keep in mind is that the U.S. Treasury and Federal Reserve have nearly tripled the money supply in the past four years. So the long term prospects for the metals remain strong. Look at big dips such as these at buying opportunities. The bull will resume his charge. DO NOT sell into the falling market. I recommend buying physical silver right now. Remington Sells Out To NY For $80 Million “Sniper” Rifles Government Contract. Granted, they …
Reader Joe K. sent: Obama’s 2014 Budget Proposal Addresses Coin Composition Changes Damon sent: Railcar Loadings Drop Most Year-To-Date Since Crisis Items from The Economatrix: Deflationary Fears The Main Reason For Commodities Selloff? Ambrose Evans-Pritchard: EMU Plot Curdles As Creditors Seize Cyprus Gold Reserves Commodities Slump As “Death Bell Rings”; US Stocks Drop
James, Many reader may be stunned by the drop in COMEX silver prices. However, holders of physical silver need not despair. The price to obtain actual coins has hardly been affected at all. Both Kitco and eBay testify to this: On Kitco, single silver eagles are now $29.10, or $4.15 over the Friday silver Comex close of $25.95 and a monster box of 500 eagles at $14,300 is still $28.60 each. Kitco at present is not even listing “junk silver bags”, they’re just not available through them (sometimes this happens), but others are selling the $1,000 face value bags of …
US Shale Industry Set for a Second Boom with Waterflood Technology Governor Paul LePage: Beretta, Colt and Magpul—Come to Maine. The Texas Governor says Ditto! Portugal’s elder statesman calls for ‘Argentine-style’ default. (Thanks to Andre D. for the link.) Items from The Economatrix: More Than 101 Million Working-Age Americans Do Not Have A Job Authorities Seize $50M In Gold From Private Owner Why Are The Banksters Telling Us To Sell Our Gold When They Are Hoarding Gold?
The future and spot prices of precious metals took another dip on Friday, but the supplies remain tight in the physical market. Bottom line: The COMEX may be rigged but the physical market price doesn’t lie. Buy on the dips! Silver Prices, Inflation and Living With the Long Term EMU plot curdles as creditors seize Cyprus gold reserves Now He’s After Your 401(k): The White House pulls a switcheroo on retirement savings accounts. Items from The Economatrix: If Bullion Were Not A Threat Government Would Not Attack It Secret FDIC Plan To Loot Bank Accounts Crash Indicator: Mom And Pop …
You may be reading this and have not made the decision to get started. You may be facing some of the same challenges I had or you may have your own. I want to encourage you to find ways to overcome your obstacles. Getting started is the biggest step. My family and I have always led a very frugal life. My wife and I both work, and I have a second job as well. The grocery bill stays under $30 per week through couponing and eating-in. Money has gone into savings in case of emergency and we finally have a …
FHA may need $943-million bailout Less and less privacy, as time goes on: UK signs tax deal with France, Germany, Italy and Spain Items from The Economatrix: Class Of 2013 Faces Grim Job Prospects Natural Gas Prices Jump After US Hurricane Forecast How The Looming Bitcoin Crash Will Be Exploited By Globalists To Outlaw Decentralized Crypto Currencies
Daniel Fisher of Forbes reports: The Bullet Bubble: Is Ammo The Next Bitcoin, Or Gold In The 1970s? Recognizing Ballistic Wampum for what it is: An almost perfect barterable tangible. (Thanks to Glenn M. for the link.) Comex Gold Inventories Collapse By Largest Amount Ever On Record BitCrash: Down 50% In Massive Sell Off: Over $1 Billion Vaporized In a Few Hours AmEx (American Expat) sent: Marc Faber: Now Is Not a ‘Very Good Time to Buy Stocks,’ Crash Coming Jim K. recommended an article from earlier this week: Kyle Bass: On Friday, The Market Gave Us The First Glimpse …
Dallas Fed President warns about the consequences of Too Big to Fail policies. Portugal Considers Paying Public Workers In Treasury Bills Instead Of Cash New Trouble for Euro in Portugal H.L. sent: 30,000 Greek Households Lose Electricity Each Month. Items from The Economatrix: Jim Willie: Economy Will Implode Get Prepared For Economic Catastrophe: You Are Being Sacrificed To Save The Too-Big-To-Fail Banks It No Longer Pays To Go To Work
Reader Andre D. sent us this: Rehn: big bank depositors could bear cost of bank failure: People with big deposits could suffer a ‘haircut’ under planned European Union law if a bank fails, the EU’s economic affairs chief Olli Rehn said. Reader H.L. sent this: Obama Proposes Retirement Account Limit In First “Wealth Tax” Salvo Rhode Island’s tallest building will soon go dark. Dirty Harry to World Savers “You’ve Got To Ask Yourself… – Do You Feel Lucky? Items from The Economatrix: Sinclair: This Will Create The Mother Of All Financial Crises Economic Apocalypse Is Here! Gigantic Miss: Just 88,000 …
The State Of Silver Bullion and Other Anomalous Events Pierre M. sent: Numbness gives way to anger in Cyprus over bailout. G.G. flagged this warning sign: Obama administration pushes banks to make home loans to people with weaker credit Voting With their Feet: Beretta Leaves Maryland Because Of Stricter Gun Laws Items from The Economatrix: Former US Treasury Official: Fed Desperate To Save System The Chart That Will Crash The Market Wells Fargo Website Hit By Another Cyber Attack Weak Jobs Gain Hurt Economic Outlook
Familiar imagery? If The Fed Loses Money, It Can Just Print More Tungsten Silver? Or More Salt in the Open Wound? (Thanks to Jeff L. for the link.) Kevin S. sent: Instawallet Hacked: The company is suspending its services indefinitely, and will be refunding all balances of 50 Bitcoins or less. Items from The Economatrix: The Big Banks Are Recklessly Gambling With Our Money, And It Will Cause The Global System To Collapse Jobless Claims Have Hit 4-Month High Jim Rogers: I Suspect They’ll Take The Pension Plans Next; I For One Am Worried And Making Preparations Discouraged Job Seekers …
State auditor: California’s net worth at negative $127.2 billion Mt. Gox under largest DDoS attack as bitcoin price surges A Tipping Point In The Financial System Reader Lance in Michigan wrote to chime in with this sign of the times: “Yesterday I went to our bank here to begin withdrawing excess reserves and was told to come back today. While there, a woman queued up at the teller window next to me was upset that they wanted to know what she was planning to do with the $20,000 she was withdrawing. My mere $7,500 didn’t solicit the same question. My …