Precious Metals

Peter Schiff: ‘We Are Headed For A Huge Day Of Reckoning’

Disturbing words from Euro Pacific Capital’s Peter Schiff in his latest entry on the The Schiff Report video blog on YouTube.com. The man who correctly predicted the U.S. housing bust and economic crisis at the end of the last decade warned March 18:

People think we have a legitimate recovery. We don’t. If we did, the Fed would have already raised interest rates years ago. In fact, Janet Yellen said, that even at this mythical point in the future when the Fed may in fact raise rates, she said that she’s still going to keep them a lot lower than they should be. Why? I mean, why do we have to keep interest rates artificially low? If the economy is really recovering, why does it still need to be stimulated? Six years into a recovery. Because it’s all artificial. You can’t take it away. There is now so much debt, we’re so much more levered up than we’ve ever been, that we need these drugs more than ever. And I think just diminishing the dose is going to bring us into recession. See, as weak as the economy is, we’re teetering on the brink of recession. If the Fed raised rates, they would push us over the edge. But I think just the mere absence of QE 3 is enough to bring us into recession because we need those drugs. And I think the air is already coming out of the bubble- that’s why it’s deflating. That’s why the U.S. economy is decelerating so rapidly. That’s why these numbers are coming out so bad. And it’s only a matter of time before the jobs numbers catch up with everything else…

We are headed for a huge day of reckoning. The fact that that day of reckoning has been delayed for so many years, because so many people still don’t understand the predicament that we’re in, because we’ve been able to borrow so much more money and spend it and speculate with it over these years- that hasn’t stopped it from coming. That just means that there’s that much more to reckon with. And I think it’s that much more important for people who understand this, who have been patiently waiting. While other people have been chasing bubbles and buying dollars, our strategy is to hold on to real assets to foreign assets, foreign stocks, precious metals. The fact that we’ve had to wait so many extra years for the payday, in my mind, it means that the payday is going to be that much bigger because we had to wait so much longer to receive it. Because all of the economic imbalances, all of the problems that caused me to adopt the investment strategy that I did, are now worse than ever. None of the problems have been solved by the Fed- they’ve been exacerbated. And they are going to blow up. There’s a limit to how long the Fed can restrain these market forces. They’re going to try. As long as they can. But you can’t fool all the people all the time.


“Losing ‘Patience’ Does not Mean the Fed has Lost Patience”
YouTube Video

“Teetering on the brink of recession.”

“Headed for a huge day of reckoning”

Remember, Schiff isn’t alone in his dour assessment of the U.S. economy and larger financial system. And unlike most of the “experts” you see in the mainstream media these days, he got those calls on the housing market and financial crisis correct while they didn’t even see it coming.

“It’s only a matter of time before the jobs numbers catch up with everything else”

As I’ve said before, it might be wise to take advantage of a labor market that’s not as lean as it was a few years ago to bolster one’s financial position.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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GoldSilver.com’s Mike Maloney Sees Stock Market Crash Coming In Near Future

Yesterday, I noted the bull market in U.S. stocks turned 6.

Subsequently, I’ve been dying to hear what certain individuals in the finance/investing world think where equities might be heading from here.

Enter Mike Maloney, who I blogged about back on January 21. I wrote at that time:

Regular Survival And Prosperity readers may recall that GoldSilver.com used to be an affiliate marketing partner of the blog. Great company (specializes in the instruction of precious metals investing and providing world-class gold and silver dealer services and products), but they pulled the plug on their affiliate marketing program not too long ago. Anyway, I still receive e-mails from the Santa Monica, California-based operation, and yesterday I watched a video by Mike Maloney, the precious metals expert, advisor, and author who heads up the firm. Maloney has been an advisor to Robert Kiyosaki of Rich Dad Poor Dad-fame, and even wrote a book about investing in gold and silver under the Rich Dad’s Advisors series.

Maloney discussed the potential ramifications of the Swiss franc being unpegged from the euro in that GoldSilver.com video. Seizing upon another current event (the booming stock market), he warned viewers in a different video today:

Is there a stock market crash coming in your near future?

And I believe that there is…

The current stock market bull market that we’ve seen since 2009 is just a cyclical bull within a secular bear. And that it’s probably peaking and it’s going to continue down.


“Stock Super Bubble Setting Up For Crash – Mike Maloney”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Tuesday, March 10th, 2015 Bubbles, Investing, Precious Metals, Stocks No Comments

JM Bullion Sale: 1 Oz Sunshine Buffalo Silver Rounds Only 89¢ Over Spot Any Quantity

This week, affiliate marketing partner JM Bullion (reviewed here) has a 1 Ounce Sunshine Buffalo Silver Round Sale going on. From their website:

1 oz Sunshine Buffalo Silver Round (New, MintMark SI)

Any Quantity Available for Only $0.89 Over Spot!

These 1 oz Sunshine Silver Buffalo Rounds ship in brand new condition and contain .999 pure silver.

Available While Supplies Last, Limited Time Only

JM Bullion offers free shipping on all orders which includes full tracking and insurance. Their pricing contains no hidden fees so the prices seen are the delivered price.

I see the price of silver is in the $15 range as I type this. As such, there’s bound to be strong interest in these silver bullion rounds. Check them out at JM Bullion below. Please note I receive a commission on any sales.

JM Bullion

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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JM Bullion Sale: 1 Kilo Johnson Matthey Silver Bars Only 89¢ Over Spot Any Quantity

Readers out there wanting to obtain a nice big bar of silver at a competitive price may want to drop by the website of affiliate marketing partner JM Bullion (reviewed here) to check out their 1 Kilo Johnson Matthey Silver Bar Sale going on. From an e-mail I received from JM Bullion Monday:

1 Kilo Johnson Matthey Silver Bars Just $0.89 Over Spot!

Also on sale this week is the 1 Kilo Johnson Matthey Silver Bar which is available for just $0.89/oz over spot for any quantity. Re-introduced by Johnson Matthey, each bar has been minted with .999 fine silver and weighs 1 kilogram (32.15 troy ounces). The 1 Kilo Johnson Matthey Silver Bar was produced up until the company cut back on their precious metal production in the 1980s. These bars feature a similar design to the original which is stamped with the Johnson Matthey mintmark, the metal purity, weight and a unique serial number.


“1 kilo Johnson Matthey Silver Bullion Bars ➜ JMBullion com”
YouTube Video

JM Bullion offers free shipping on all orders which includes full tracking and insurance. Their pricing contains no hidden fees so the prices seen are the delivered price.

Click on the banner ad below, where you’ll be taken to the JM Bullion site. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Robert Kiyosaki: 2002 Prediction Of Huge Stock Market Crash Next Year ‘Holding Course’

“‘Rich Dad’s Prophecy’- [Robert Kiyosaki’s] most recent book- predicts that the market will crash around 2016 when the oldest Baby Boomers start cashing out their 401(k) plans. Individuals whose savings are locked into 401(k) plans will suffer because these retirement plans, aren’t flexible and don’t do well in a bear market…”

-CNN.com, October 30, 2002

How many readers out there know who Robert Kiyosaki is? The American entrepreneur, educator, and investor was quite popular back in the early 2000s. I first encountered him while watching public television around that time, sharing financial and investment strategies taught to him by his rich “Dad” and found in his 2000 New York Times best-selling book Rich Dad Poor Dad. Kiyosaki went on to write a number of books, including Rich Dad’s Prophecy in 2002.

Last Tuesday, Robert Kiyosaki appeared on the Alex Jones Show. Kiyosaki talked about his new book, Second Chance, and other subjects, including a certain prediction made about the U.S. stock market next year. From their exchange:

JONES: The world is just crazy at this point. Give us your prognosis for the planet. There’s obviously opportunities for those of us that are studying it. I mean, I going to do better probably than ever as things get worse. But I’m not happy about that, because I know it’s hurting the average person.
KIYOSAKI: Amen. Alex, I would say exactly the same thing. It doesn’t make me happy that I’m getting richer and richer, and I see my friends getting poorer and poorer. I’m very concerned right now about my generation- the Baby Boom generation, the biggest generation in history. And they bought that program of put all your money in a 401(k) and invest for the long term. Now, I wrote a book called Rich Dad’s Prophecy back in 2002. That was 13 years ago. And I said the biggest stock market crash in the history of the world was coming in 2016. I was kind of guessing. But unfortunately, I didn’t write it to be right. I wrote it out of concern. If I’m correct that in 2002 what I said the biggest market crash was coming in 2016, that means millions and millions of Baby Boomers, their kids, their grandkids, will feel the effect of that when their retirement savings are wiped out. I hope I’m wrong. But so far, my numbers look accurate and it’s holding course right now. So I don’t write because I want to be rich or poke fun or want to be righteous. I am rather concerned about my fellow citizens.

“But so far, my numbers look accurate and it’s holding course right now.”

Disturbing. Kiyosaki added later on in the interview:

I’m just concerned about this possible- I hope it doesn’t happen- but if my “rich Dad” was correct, again, published in 2002 Rich Dad’s Prophecy predicted the biggest crash in the history of the world was coming in 2016. And that’s why I wrote Rich Dad Poor Dad, that’s why I speak, that’s why I write, that’s why I take on the media. But I’m very concerned for my [fellow] citizens. Look, Alex, what happens? Let’s say I’m right- hopefully I’m not. And millions of Baby Boomers lose their pensions, their homes, their jobs- they lose everything. What is the ripple effect throughout the world going to mean to that? We’ve never been here before. Never before has the U.S. dollar, one currency, been the reserve currency of the world- and we’re printing it. The Europeans are printing, Japanese are printing. And you’ve got to look at this and go, “This is not good.” So that’s my concern right now.


“Great Economic Collapse & Currency Meltdown Is Coming
Says Financier Robert Kiyosaki”
YouTube Video

So how is Robert Kiyosaki going to fend off the crisis he still sees coming? While taking phone calls from listeners, Kiyosaki revealed:

I like silver personally. I love gold. I have a lot of gold and silver.

Further insight was provided right before the holidays, when Eve Fisher of The Sydney Morning Herald reported:

“The world is in very serious trouble and the next 20 years will not be like the past two decades,” says Kiyosaki, who predicted the downfall of Lehman Brothers investment bank in 2008 and the ensuing GFC.

“I foresee a global currency crash, like the one that ruined Germany in the 1920s, which will wipe out the poor and the middle class – as the rich get richer.

“People will see that money and shares are not real wealth, just paper, and the way to survive is by acquiring assets – like property, resources, gold and other precious metals.”

Farmers will benefit as land and food become highly valued commodities, he says…

(Editor’s note: Bold added for emphasis)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Source:

Fisher, Eve. “Robert Kiyosaki says to prepare for the worst.” The Sydney Morning Herald. 10 Nov. 2014. (http://www.smh.com.au/business/robert-kiyosaki-says-to-prepare-for-the-worst-20141111-11jyhr.html). 21 Feb. 2015.

Robert Kiyosaki’s latest book…

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JM Bullion Sale: 1 Oz Sunshine Silver Rounds Only 79¢ Over Spot Any Quantity

Survival And Prosperity readers looking to obtain physical silver these days may want to drop by the website of affiliate marketing partner JM Bullion (reviewed here) to check out their 1 Ounce Sunshine Silver Round Sale going on. From an e-mail I received from JM Bullion Monday:

Sunshine Rounds Just $0.79 Over Spot

This week we are offering the 1 oz Sunshine Silver Rounds for just $0.79 over spot any quantity. Produced and guaranteed by the Sunshine Mint, these .999 fine bullion rounds ship in brand new condition and contain the new and innovative Mint Mark SI anti-counterfeit security feature.


“1 oz Sunshine Minting Silver Round ➜ JMBullion.com”
YouTube Video

JM Bullion offers free shipping on all orders which includes full tracking and insurance. Their pricing contains no hidden fees so the prices seen are the delivered price.

Click on the banner ad below, where you’ll be taken to the JM Bullion site. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Jim Rogers On Gold: ‘I Expect The Correction To Continue’

Well-known investor Jim Rogers was recently interviewed for Palisade Capital’s Palisade Radio, “The fastest growing radio show in junior mining.” Collin Kettell, Partner and CEO at Palisade, spoke to the former investing partner of George Soros about a number of topics. Rogers said about gold:

KETTELL: Back in mid-2103 you were interviewed by Kitco News at Freedom Fest in Las Vegas where you called for a continued correction in the price of gold. And as a precious metals investor I remember hoping that your call would be dead wrong. But here we are nearly two years later- gold is just started to perk up. Any new thoughts on the price action of gold today?
ROGERS: I expect the correction to continue. I expect another opportunity to buy gold in the next year or two, and if so, I hope I’m smart enough to buy it. Now, if America goes to war with Iran or something, I’ll be begging to buy gold at $1,600. But I expect another opportunity to buy gold in a decline sometime in the next couple of years.

The Singapore-based investor also talked about gold stocks. From the exchange:

KETTELL: And do you share the same feeling for the gold stocks, many of which are off closer to 80 and 90 percent? Are you an investor in any of the mining companies right now?
ROGERS: Well, I actually bought a mining ETF recently- a gold mining ETF recently- just in case. And your point is very valid that gold stocks have gone down a whole lot more than gold has. And sometimes you can make money in those stocks, or you should be buying them anyway in situations like that, because they can go up even if gold goes sideways. The can go up even if gold goes down just because they got beaten up so much. But I am not a big buyer. I just put a small, small, small toe in the wash.


“Jim Rogers: Gold Correction to Continue Into 2015 – 02/08/15”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Marc Faber: Central Banks, Governments Will Try To Confiscate Privately-Held Gold

Last week I was listening to a King World News interview of Swiss-born investment advisor/money manager Marc Faber. The publisher of the monthly investment newsletter The Gloom Boom & Doom Report warned listeners that he believes privately-held gold is in danger of being confiscated by central banks and governments. From an exchange between Eric King and Dr. Faber in that interview which appeared on the website on February 10, 2015:

KING: Marc, we were talking about the money printing earlier. Obviously, we had the revaluation of the Swiss franc overnight that led to so much chaos. But what I wanted to ask you today is, you’ve already said I think gold is going to have a strong 2015, but are we going to wake up at some point in the future and have a massive revaluation of gold overnight? Is that something you see happening not this year but in the future? Is that coming at some point?
FABER: Yes. But I think before it will happen the central banks and the governments will try to take the gold away from ordinary people, you understand? I think they know that this would be one solution for the global financial system to peg it again to some extent on gold. But before they do that, I think they’ll go after you and me and say, “Okay, parasites of society that do not spend but keep their money in gold that is unproductive- let us take it away.” That is the threat. I’m not worried about the price of gold. What do I care if the gold price is at $1,000 or $500 or $1,500 or $5,000? What I care is that I can keep ownership of gold.
KING: Just so I understand this, there may be a global coordinated effort by as many central banks that can get together on this to seize the gold, to take the gold.
FABER: Yes, because the professors at the central banks and the academics, most of them have never owned a single ounce of gold. And they know that gold is the honest currency that cannot be printed. Yes, the supply increases and sometimes the price goes up and sometimes the price goes down. But this is a market they really cannot control in the long-run. They can manipulate it in the short-run, but the more they manipulate it, the more it will eventually go to its real level. And so central bankers basically who are the money printers- the counterfeiters of this world- they hate gold. Period.

Later on in that King World News interview, “Dr. Doom” talked about the investments he owns these days. Faber revealed:

I own some real estate in Asia. I own some gold. I own some stocks. I own some bonds, because I agree with you at some point the bond market will diverge. In other words, they’ll print money and buy bonds, but the bond market will go down.

You can listen to the entire interview on the King News World website here (gold confiscation discussion begins at 14:09).

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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JM Bullion Sale: 10 Oz A-Mark Silver Bars Only 79¢ Over Spot Any Quantity

Looking to acquire some silver bullion this weekend? Tucked away in an e-mail I received from affiliate marketing partner JM Bullion (reviewed here) the other day was news of a 10 Ounce A-Mark Silver Bar sale. From the e-mail:

10 oz A-Mark Silver Bars Just $0.79 Over Spot Per Ounce

We are also featuring the 10 oz A-Mark Silver Bar which is available for just $0.79 over spot per ounce. Shipped in brand new condition, each bar is stamped with its .999 fine silver purity mark as well as the mintmark and stamp denoting its ten troy ounces of precious silver.


“10 oz A-Mark Silver Bar ➜ JMBullion.com”
YouTube Video

The JM Bullion website confirms these A-Mark silver bars are available for only 79¢ per ounce over spot, any quantity. It’s also pointed out that this deal is “Available While Supplies Last, Limited Time Only.”

All orders at JM Bullion are shipped completely FREE of charge and include full tracking and insurance.

Click on the banner ad below, where you’ll be taken to the JM Bullion site. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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GoldSilver.com’s Mike Maloney: Potential Fallout From Unpegging Swiss Franc From Euro

Regular Survival And Prosperity readers may recall that GoldSilver.com used to be an affiliate marketing partner of the blog. Great company (specializes in the instruction of precious metals investing and providing world-class gold and silver dealer services and products), but they pulled the plug on their affiliate marketing program not too long ago. Anyway, I still receive e-mails from the Santa Monica, California-based operation, and yesterday I watched a video by Mike Maloney, the precious metals expert, advisor, and author who heads up the firm. Maloney has been an advisor to Robert Kiyosaki of Rich Dad Poor Dad-fame, and even wrote a book about investing in gold and silver under the Rich Dad’s Advisors series.

Anyway, in that GoldSilver.com video Mike Maloney discussed the potential ramifications of the Swiss franc being unpegged from the euro last week- among other things. Maloney warned viewers:

Back when we were filming Hidden Secrets of Money, when we started filming it, we did the opening sequence. And in there I said, “We’re entering a period of financial crisis that is the greatest the world has ever seen.” And that is happening today. These shockwaves that could cause the Russian- this could cause another Russian Revolution to happen. We have no idea what’s going to happen. But the shockwave of all these things- the deflationary pressure, the Russian crisis that’s going on, commodities falling, and then the Swiss unpegging from the euro- all happening at once. And by the way, there’s bank runs happening right now in Greece, and four of the largest banks in Greece have asked for assistance from the European Central Bank. So, this is all happening at once. What I think is going to happen is this will smooth out for a short period of time, but then it’s going to get worse again. So these shockwaves, this all undermines the trust in central banks and the trust in fiat currencies…

The central banks are now backed into a corner, and everything that I’ve been predicting is starting to unfold here. It’s unfolding very slowly, and on a scale that’s huge. But it’s not going to be slow forever. There’s going to come a day when slow turns into very fast. And a lot of this stuff happens overnight. For instance, the currency unpeg. Nobody knew it was coming- it happened immediately. And so, these things always end up eventually being good for precious metals. I don’t look forward to the economic chaos that we’re about to go through. But, we’ll get through it, and it will be a different world when we come through the other end. Hopefully, what ends up happening, is free enterprise, free markets, capitalism, and sound money win. That would be the best outcome.


“Global Shockwaves To Come From Swiss Currency Bombshell – Mike Maloney.”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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Helpful Info For Existing/Prospective U.S. BullionVault Users

After ViaMat, one of the world’s leading precious metals storage firms, notified U.S. customers it would discontinue private storage of precious metals for all clients with a U.S. tax liability, some Survival And Prosperity readers may have been under the impression that also applied to affiliate marketing partner BullionVault (reviewed here). Not so. As a matter of fact, today I want to pass along something I spotted on BullionVault’s website recently that might interest certain readers. From the world’s largest online investment gold service:

Help and information for existing and prospective BullionVault users from the United States

Nearly a quarter of BullionVault’s users are from the US. The vast majority of them have found it straightforward to use BullionVault, but there are some common questions which come up from time to time.

This page attempts to answer those common questions and provide links to other sources of information which might be useful to a US citizen/resident.

• BullionVault compared to small bars and coins
• Allocated gold
• Funding your BullionVault account
• Capital Gains tax
• Sales tax
• Reporting
• FATCA
• Individual Retirement Accounts (IRAs)

The page can be found under “Help,” “Frequently Asked Questions,” “FAQs: For US Residents” on the BullionVault website, which can be accessed via the banner ad below. Please note that I receive a commission on deposits/trades made after clicking on the link:

BullionVault

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Tuesday, January 20th, 2015 Commodities, Investing, Precious Metals No Comments

Peter Schiff: Get Out Of Dollars And Own Gold, Silver, And Stocks In Countries With Much Sounder Economies

Early last month I blogged about an interview series with well-known investor Jim Rogers on the Wall Street Daily website that was conducted by Robert Williams, founder of the Baltimore, Maryland-based investment research/market commentary service. Williams followed that up with a three-part interview of Euro Pacific Capital’s Peter Schiff that began on New Year’s Eve and finished just yesterday. Just like that Rogers series, it was pretty insightful stuff.

On December 31, 2014, the Wall Street Daily published “The Real Earthquake Is About to Hit.” That was followed on January 7, 2015, by “When Will the Dollar Bubble Burst?” From an exchange between Williams and Schiff:

WILLIAMS: So what’s our readers to do with their money, Peter? Their 401(k) s, their retirement accounts, their savings accounts? I mean, the markets aren’t safe, the banks aren’t safe, and the dollar isn’t safe. How can someone possibly protect themselves?

SCHIFF: Well, I mean, there’s no way to protect yourself really from the volatility, because, you know, you gotta be – the volatility’s here, but you know, long term, if you understand what’s gonna happen, then what – it’s pretty easy – what to do, and that’s get out of, you know, dollars, and own gold and silver, and own equity stocks in countries that have much sounder economies, you know, structurally sound economies underlying, you know, their markets and, you know, buy a lot of value. You can’t just buy a lot of hyped-up assets that have been propped up by cheap money and the bubble.

So you have to be in the right asset classes, be in the right currencies, be in the right countries, and I think, in the long run, you know, you’ll come out on top but it’s kinda difficult for a lot of people to do because, in the short run, you know, it’s the – you know, the people that are getting it wrong, that have been having their investment strategy validated by price auction because, you know, they have a lot of company. The cloud has got it wrong. There’s not many people in the scheme of things that actually understand what’s going to happen or, you know, if they do, they’re certainly not, you know, investing for that end game. They’re trying to – you know, they’re trying to finesse this and they’re trying to, you know, dance while the music’s playing, but they’re hoping that by the time it stops, they’ll have a safe seat somewhere…

(Editor’s note : Bold added for emphasis)

Yesterday, in “There Are No Safe Havens Left,” Schiff shared with readers where he thought commodities, crude oil, and gold are going in 2015 and beyond.

Head on over to the Wall Street Daily website to read Part 1, 2, and 3 of this nicely-done interview.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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JM Bullion Sale: 5 Oz Sunshine Silver Bars Only 89¢ Over Spot Any Quantity

The silver market sure is active these days. Looking to acquire physical silver? Affiliate marketing partner JM Bullion (reviewed here) is having a 5 Ounce Sunshine Silver Bar Sale. From an e-mail I received from JM Bullion this morning:

5 oz Sunshine Silver Bars Just $0.89 Over Spot!

On sale this week is the 5 oz Sunshine Silver Bar, which is available for just $0.89/oz over spot for any quantity. As one of the best selling bars in the world, each Sunshine Mint silver bar contains five troy ounces of .999 fine silver and boasts the new and innovative Mint Mark SI anti-counterfeit security feature. We have limited quantities of bars available at this special pricing, so be sure to take advantage while supplies last!


“5 oz Sunshine Minting Silver Bar ➜ JMBullion.com”
YouTube Video

All orders at JM Bullion are shipped completely FREE of charge and include full tracking and insurance.

Click on the banner ad below, where you’ll be taken to the JM Bullion site. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Marc Faber: Gold Going Up 30% In 2015

“BullionVault, an online service for investors to buy and sell physical gold and silver, said its Gold Investor Index fell in December to an almost five-year low.

The gauge, which measures the balance of buyers against sellers, slipped to 50.5 from 52.1 in November, the London-based company said in an e-mailed report today. That’s the lowest level since February 2010 and marked the biggest drop since 2013. A reading above 50 indicates more buyers than sellers…”

-Bloomberg.com, January 6, 2015

Regular readers of Survival And Prosperity know that Swiss-born investment advisor/money manager Marc Faber has been a gold bull for some time. And the publisher of the monthly investment newsletter The Gloom Boom & Doom Report is so confident about a rising price of gold in 2015 (in spite of all the negative sentiment among investors) that he made an eye-opening prediction yesterday. Sara Sjolin reported on the MarketWatch website Tuesday afternoon:

“I’m positive [that] gold will go up substantially [in 2015] — say 30%,” Faber, whose investment letter is called the Gloom Boom Doom Report, said at Société Générale’s global strategy presentation in London on Tuesday.

“My belief is that the big surprise this year is that investor confidence in central banks collapses. And when that happens — I can’t short central banks, although I’d really like to, and the only way to short them is to go long gold, silver and platinum,” he said. “That’s the only way. That’s something I will do.”

(Editor’s note: Bold added for emphasis)

BullionVault

Dr. Faber repeated his recent “bubble in everything, everywhere” statement while in London. Sjolin added:

“We simply have highly inflated asset markets. Real estate is high, stocks are high, bonds are high, art prices are high, and interest rates and short-term deposits are basically zero,” Faber said. “The only sector that I think is very inexpensive is precious metals, and in particularly precious-metals stocks.”

(Editor’s note: Bold added for emphasis)

Faber, who became well-known for advising clients to get out of the U.S. stock market one week before the October 1987 crash and for predicting the 2008 global financial crisis, appeared on CNBC’s Squawk Box back on September 19, 2014, and warned viewers:

Today, the good news is we have a bubble in everything, everywhere- with very few exceptions. And, eventually, there will be a problem when these asset markets begin to perform poorly. The question is- what will be the catalyst? It could be a rise in interest rates not engineered by the Fed, because I think they’ll keep interests rates at zero on the Fed funds rate for a very long time… We could have essentially a break in bond markets at some point. We also could have a strong dollar. A strong dollar has already happened in the last two months signifies that international liquidity is tightening. And when that happens, usually it’s not very good for asset markets.

Dr. Faber also sees a potential investing opportunity in emerging markets, which you can read about in Sjolin’s piece on the MarketWatch website here.

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Peter Schiff: Buy Gold, Silver To Prepare For Bursting Of This ‘Much Bigger Bubble’ Than Housing, Dot-Com

The first installment of Peter Schiff’s Gold Videocast for the new year is out on YouTube. And Euro Pacific Capital’s Schiff recapped gold’s performance in 2014 and shared his outlook for the precious metal- along with silver- in 2015. He told viewers:

I think the sentiment situation, the markets, the technicals, are really poised for a very, very big year up in the precious metals in gold and silver for 2015. And nobody is expecting this. We had the sentiment completely in the opposite direction. All the bears were piled onto the same side of the boat. And now it turns out that they got it wrong. And I think they’re going to have to scramble to get to the other side as this illusion rapidly fades. Again, I’ve said this many times, that I’ve never seen a bigger disconnect in the markets- the stock market, the currency market, the precious metal market- between reality and perception. What everybody believes is wrong. And soon, these widely-held beliefs are going to be questioned in a major way and then abandoned. Just like they were with the housing market and subprime when that bubble burst. And just like they were with in dot-com market when that bubble burst. Except that this is a much bigger bubble, and the damage and the fallout on the financial markets will be much greater when this bursts. And therefore, it’s that much more important that investors be properly prepared. And part of that preparation is owning gold and silver.


“State of the Gold Market 2015: Exclusive Forecast & Charts”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein.)

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