silver

JM Bullion Presale Of 2014 American Silver Eagles

I received the following e-mail yesterday afternoon from one of my affiliate marketing partners- JM Bullion (reviewed here). The online retailer of physical gold and silver products is having a presale of 2014-dated American Silver Eagle silver bullion coins. From their e-mail:

Our presale of the 2014 American Silver Eagle continues today, and this collector favorite will begin to ship as early as January 26th. The American Silver Eagle remains the most popular seller among silver coin bullion products, and is a must have for any serious collector. The coin has been minted for 27 years and arrives in brand new condition straight from the US Mint. The Silver Eagle coin is legal tender in the United States with a $1 face value.

Be sure to take advantage of our special pricing today, with silver spot on the move this morning (down $0.41 at the time of this posting) and prices as low as $3.29 over spot. Additionally, enjoy free shipping on all your orders at JM Bullion. Certain PO Box, APO, HI, AK exclusions apply…

Silver Eagle Coin
U.S. Silver Eagle Coin

Free shipping on all JM Bullion orders? Nice.

I just checked their website, and the presale is still going on. But the 2014 Silver Eagles won’t begin shipping now until January 27.

As I type this Wednesday evening, the .999 fine one ounce silver bullion coins start at $24.04 (bank wire/paper check) or $25.00 if using a credit card.

Interesting in obtaining one or more of these 2014-dated silver bullion coins at low prices and with free shipping in most cases? Click on the banner ad below, where you’ll be taken to the JM Bullion website. Please note that by clicking on the ad and purchasing a product, I receive a commission from the sale.

JM Bullion

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

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Jim Rogers: ‘Everybody Should Own Some Precious Metals As An Insurance Policy’

The well-known investor, author, and financial commentator Jim Rogers was recently interviewed by the Burbank, California-based Birch Gold Group. I was reading a transcript dated November 12 of the discussion he had with Rachel Mills of the precious metals company when I spotted the following comment the Chairman of Rogers Holdings and Beeland Interests made about gold and silver and the important role they can play in protecting wealth. From their exchange:

MILLS: So what advice would you give someone who as of yet has no precious metals in their portfolio right now?

ROGERS: Well, everybody should own some precious metals as an insurance policy. So if they don’t have any right now, I would urge them to go buy something, buy themselves a gold coin if nothing else, and see that it’s not going to hurt. It won’t hurt you to buy the first gold coin, the first silver coin, and from that you start accumulating as your own situation dictates.

First, do your homework, don’t buy gold because you heard me say it or even because you hear you say it. But if people don’t own they should start after they have done their homework. And then they will probably, if they do their homework, most people will then realize, “Oh my gosh, I better have insurance, and gold and silver may get me through serious problems ahead.”

(Editor’s note: Italics added for emphasis)

In all the time I’ve been following Jim Rogers closely (9 years), I don’t recall him ever being so adamant about gold and silver being used for insurance purposes.

A good interview which you can read/listen to here on the Birch Gold Group website.

By 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 Reveals Gold Investments

This afternoon I want to pick up where I left off last night (couldn’t keep my eyes open after a long couple of days away from home!) on the latest investment activities and recommendations from the “crash prophets.” I already mentioned Jeremy Grantham. Now lets talk about “Doctor Doom” Marc Faber. The Swiss-born investment advisor and fund manager appeared on Canada’s only all-business and financial news television channel BNN last Wednesday and talked precious metals.

On gold, when asked how much of an investment portfolio should be in the yellow metal, Dr. Faber replied:

Well, that depends. Say, if you owned a lot of real estate, your requirements for gold are not as high as if someone has all his money in financial assets. I have an overweight in financial assets. I own real estate- but not that much. So I have a relatively large allocation to gold- something like 25 percent… But I don’t value gold- I just weight it every year.

(Editor’s note: Italics added for emphasis)

Faber chuckled and added:

I wished that they would do that with the Federal Reserve. Because nobody has yet audited all these governments who claim they have that much gold. Maybe they don’t have it. Maybe they lent it out already.

The editor/publisher of the monthly investment newsletter The Gloom Boom & Doom Report was also asked about silver. He responded:

I think the commodities- the precious metals- will all move in the same direction. Some may move faster than others. Some people think that silver is a better value today than gold. Other people- and I tend to agree- that maybe platinum is the best precious metal right now.

(Editor’s note: Italics added for emphasis)

Finally, the man who made a name for himself in financial/investing circles for reportedly advising clients to get out of the U.S. stock market one week before the October 1987 crash, talked about gold stocks. Dr. Faber told viewers:

Gold shares outperformed gold until 2010-11. And since then, they grossly underperformed. Many gold shares are down 50, 80 percent from their highs. And I think if someone wanted to speculate and buy shares like a warrant on the price of gold he would buy some smaller gold companies.

(Editor’s note: Italics added for emphasis)

When asked about names, Faber mentioned Ivanhoe Mines (formerly Ivanplats), NovaGold.

He conclued the Business News Network segment by revealing:

I stick to physcial gold largely, and I have some holdings in shares like Newmont, American Barrick, Freeport-McMoRan.

(Editor’s note: Italics added for emphasis)

A terrific interview by BNN host Andrew Bell, which you can watch on the channel’s website here.

By 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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Peter Schiff: U.S. Will Become Either Greece Or Weimar Germany

“It’s hard to imagine what the country will look like when the dollar crashes. But one thing is certain; it will bear little resemblance to the America we know today.”

-Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, in an interview posted on The Daily Caller website, October 17, 2013

Yesterday we heard from two “crash prophets”- Dr. Marc Faber and Jim Rogers on finance and investing. Today, I want to bring up a third “prophet”- Euro Pacific Capital’s Peter Schiff- and talk about an interview he just did with Faith Braverman over at The Daily Caller website. Posted last Thursday, Braverman asked Schiff- who correctly predicted the U.S. housing crash and “Panic of ’08″- about what Americans should be on the lookout for as the real U.S. financial crash draws closer. Schiff advised:

You gotta follow the foreign exchange market, the value of the dollar vs. foreign currencies. The Federal Reserve keeps buying bonds to keep interest rates from rising. We have no choice but to default if creditors want their money back. If interest rates go up, we can’t afford that. That is why the Fed feels that it has to keep interest rates down at all costs. So the Federal Reserve prints more money to buy up bonds. That puts pressure on the dollar. Foreign central banks than buy those dollars to prevent their currencies form rising, which imposes costs on their own population, as they are forced to absorb our inflation.

There will be big spikes in commodity prices, like energy and food. Ultimately, we will be forced to make even bigger cuts than the ones we would have made now had the debt ceiling not been raised. Then we’ll be Greece, essentially. If we refuse, and keep spending, and the Fed prints even more money to buy the bonds no one else will buy, we’ll destroy the dollar and then we’ll be Weimar Germany. When the dollar collapses, what does that mean? Hyperinflation means you will have nothing. Your life savings will be worth nothing. We’re celebrating solving the debt ceiling, but we’ve only kicked the can down the road and removed the barrier between us and fiscal responsibility.

Later on in the exchange, the former U.S. Senate candidate suggested Americans should “get gold, silver, foreign assets, and buy up things that will have value after the dollar crashes.”

Braverman did a nice job on this interview, which can be read in its entirety on The Daily Caller website here.

By Christopher E. Hill, Editor
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: ‘Gold And Silver, In My View, Are Relatively Inexpensive’

CNBC managed to interview Swiss-born investment advisor and fund manager Marc Faber on Wednesday at the SkyBridge Alternatives (SALT) Conference in Singapore. “Doctor Doom” addressed a number of topics, including where he thought equities and precious metals prices were going. Faber told viewers:

Well, I think in the long run, we have a huge bull market in gold. 1999 to 2011 we peaked out at 1,921. We went down to 1,180. We’re now slightly above 1,300. I think gold, and especially gold equities, is relatively- again, relatively-inexpensive. You understand, with zero interest rates, you misprice all the assets. It’s very difficult to make a judgment what is a cheap asset in absolute terms. Nothing is inexpensive in the asset markets anymore. But gold and silver, in my view, are relatively inexpensive. The S&P is relatively high.

(Editor’s note: Italics added for emphasis)


“Marc Faber: Chinese growth may slow to 4%”
(Segment on equities/precious metals starts at 6:49)
CNBC Video

By Christopher E. Hill, Editor
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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Peter Schiff: Fed’s Bullard ‘Came Out To Lie’ About October Tapering

“The Federal Open Market Committee, of which [St. Louis Fed President James] Bullard is a voting member, surprised many market participants on Wednesday by maintaining its $85 billion in monthly bond purchases, defying expectations for a small reduction of around $10 billion. The S&P 500 and the Dow Jones Industrial Avergage rallied to all-time highs after the decision, while Treasury yields tumbled…

Describing the September decision as ‘close,’ Bullard said a small taper in bond buys is possible in October.”

-MarketWatch, September 20, 2013

After St. Louis Federal Reserve Bank President James Bullard made that statement about a possible October “tapering” of stimulus, precious metals got clobbered after a huge move up when the Fed decided to maintain the present level of quantitative easing. Frank Tang over at Reuters.com reported Friday afternoon:

Gold sank 2.5 percent on Friday as institutional investors sold aggressively after the Saint Louis Fed president said the U.S. central bank might move next month to reduce stimulus spending that has bolstered bullion for years.

Silver tumbled 5 percent and platinum group metals fell more than 2 percent.

Gold all but erased the 4.5 percent rise posted on Wednesday after the Fed said it would continue its massive bond buying program.

The thing is, while Bullard might be telling the truth about a small tapering, as I’ve mentioned quite a bit lately I don’t believe the Federal Reserve is in any position to implement any significant “tapering” to the massive amounts of stimulus that’s keeping the U.S. economy afloat.

And then there’s Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital.

Schiff, who correctly-predicted the U.S. housing bust and “Panic of ’08,” just added a new installment to The Schiff Report video blog on YouTube.com. Addressing the Fed’s non-move on QE last Wednesday and Bullard’s follow-up, Schiff told viewers Saturday:

During the entire day of Wednesday afternoon and all through Thursday, everybody in the financial community was beginning to wonder about the economy. What does the Fed know that we don’t? In fact, I think the Fed was so concerned about doing damage control that they sent James Bullard out to do an interview, who is the President of the Federal Reserve Bank of St. Louis. He came out, and he basically went out to put some spin on it, to do some damage control.

In other words, he came out to lie.

And what he said was, “You know, we almost tapered. It was a real close call, ah, and we didn’t taper. But you know what? We might do it in October.” And that was all the markets needed. And then you had a big sell-off in gold- gold dropped about 40 bucks- all of it based on the idea that, “Wait a minute, maybe the Fed is going to taper after all?”

But it’s all B.S. They’re not going to taper.

First of all, Bullard said it was a close-call. That they almost tapered.

The vote to not taper was 9 to 1.

Yeah, real nail-biter that one was. A squeaker.

You know, Bullard himself voted with the majority. He voted not to taper. As did Janet Yellen, who is most likely to be the Chairman of the Federal Reserve after Ben Bernanke steps down.

And of course, what does he mean they’re going to taper in October? Why? I mean, what’s going to change?


“Fed’s Non-Taper Damage Control”
YouTube Video

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

Source:

Tang, Frank. “PRECIOUS-Gold sinks 2.5 pct on new fears Fed may reduce stimulus.” Reuters. 20 Sep. 2013. (http://www.reuters.com/article/2013/09/20/markets-precious-idUSL3N0HG1DF20130920). 24 Sep. 2013.

(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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Marc Faber Shares ‘My Investment Strategy During This Time’

“Doctor Doom” Marc Faber recently spoke to Nophakhun Limsamarnphun over at The Nation (Thailand) about investing. The Swiss-born investment advisor and fund manager shed a good deal of light on his strategy, telling readers on September 14:

My investment strategy during this time is that you have to diversify and minimise your risks from economic, political, geopolitical and other factors. Your portfolio should include properties, stocks and equities, corporate bonds, gold and silver, plus cash. It should be 25 per cent of each, or 125 per cent – just to mimic the US accounting standard where things now do not add up.

What a character.

While a good deal of their discussion focused on Thai investments, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report shared some valuable nuggets as it concerned other areas. From the piece:

On gold and silver, I think people should have 20 per cent of their money in physical gold, not gold papers. I would put the gold bars into deposit boxes at banks. Don’t speculate but buy regularly and keep them safe. We live in a volatile period. Gold is not like other commodities, it’s the only honest currency when paper currencies are not.

On corporate bonds, I like issues from Russia, Kazakhstan and India with yields of 5-6 per cent, but they are not 100 per cent safe unless they are triple-A. Corporate bonds have an equity character. They don’t move much when stock markets crash. When things go bad, government bonds on the other hand tend to go up in value because of flight to safe havens.

In terms of cash and paper currencies, I like Malaysian ringgit and Singapore dollars, while the Thai baht is just OK.

As for equities? Dr. Faber talked about Thai stocks. However, I blogged back on September 9 about his appearance on CNBC Asia’s Cash Flow that morning and how he told viewers:

I don’t think that stocks are the greatest bargain anymore.

Great job by Limsamarnphun for getting Doctor Doom to divulge this information.

By Christopher E. Hill, Editor
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.)

Source:

Limsamarnphun, Nophakhun “Investment guru favours diversity, physical gold amid US-fuelled volatility.” The Nation. 14 Sep. 2013. (http://www.nationmultimedia.com/business/Investment-guru-favours-diversity-physical-gold-am-30214804.html). 17 Sep. 2013.

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BofA Merrill Lynch’s MacNeil Curry Looks For Gold To ‘Move Up To About The 1,410, Potentially 1,450 Area’

“Gold has traded so badly the last few months, that it’s starting to look good to some chart watchers.

‘GOLD BEARS BEWARE,’ Merrill Lynch technical strategist MacNeil Curry told clients on Thursday. He warned against piling on to gold’s demise at current levels, because his reading of the charts suggest the downtrend may be in its final stages.”

-MoneyBeat blog, Wall Street Journal website, June 27, 2013

MacNeil Curry, the head of Global Technical Strategy at BofA Merrill Lynch, talked about where he thinks gold might be heading on the CNBC show Futures Now this afternoon. He told host Jackie DeAngelis by phone:

Well, I think there’s a couple of things of gold that say this thing is probably still headed higher. First and foremost, if you go back, if you look at what we did back in mid-June, the trend was so overextended if you look at a variety of trend indicators, we were at levels from which historically, whether it was an uptrend or a downtrend, you saw a significant reversal to the tune of about 30 percent from the level from which it tends to reverse. So the 1,180 area in spot price, and the reversal we’ve seen subsequent to that, is pretty consistent with historical norms in terms of the trend got way too overstretched, if you look at the measure of weekly ADX. For example, we had reached levels at which this trend got way too stretched like a rubber band. And now we’re snapping back.

The two things that say this thing is probably going to head higher. First and foremost, the rest of the precious complex is now starting to confirm the price action in gold. If you look at silver, if you look at platinum, if you look at palladium- those things are starting to rally as well.

So it suggests that this is something more than a short squeeze in gold.

And the other thing I think is worth noting is, with respect to, if you look at where a lot of these positions had been unwinding, they had been transpiring in GLD. If you look at the shares outstanding in GLD, you can see that that is starting to stabilize, which suggests that some of the rampant selling or position unwinding which drove this market significantly lower has subsided, at least for the time being.

So I think at this stage in the game, you probably still have further upside.

And we’ve been looking for a move up to about the 1,410, potentially 1,450 area. Maybe even there we start to see signs of stalling. But I certainly wouldn’t be stepping in front of this thing in a year.


MacNeil Curry segment starts 5:07
CNBC Video

Back on September 12, 2012, Curry told CNBC’s Worldwide Exchange that with regards to the long-term:

We will be focusing in on gold. Ultimately we think gold can trade between $3,000 and $5,000 an ounce going forward.

By Christopher E. Hill, Editor
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:

Barnato, Katy. “Gold Prices Could Peak at $5,000: Bank of America.” CNBC.com. 21 Sep. 2012. (http://www.cnbc.com/id/49119240). 15 Aug. 2013.

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Bullish Signs For Gold?

I’ve noticed the buzz surrounding gold the last week or so.

Last Tuesday, August 6, the London P.M. gold spot price was $1,280.50.

Late Monday night, August 12, the London P.M. fix shows $1,341- up by $60.50.

Experienced gold observers know not to put much stock in short-term fluctuations of the precious metal’s price.

Still, why all the recent chatter of the yellow metal in investing circles, amidst the silence of the gold bears?

Chuin-Wei Yap wrote tonight on the Wall Street Journal website:

Gold prices are up 4% in the past week, hitting a three-week high of $1,334.70 an ounce on Monday. A big factor behind the rise is a surge in demand for physical gold in China, some investors and analysts say.

Demand in China, where consumers account for roughly a quarter of global gold demand, hit a record 385.5 metric tons in the second quarter, according data released Monday by the state-backed China Gold Association. That is double the figure from a year earlier, according to a Wall Street Journal analysis of the data.

Closely watched estimates from the World Gold Council are slated for release on Thursday. Data released in May from the mining trade group showed Chinese consumers bought 294.3 metric tons of gold in the first quarter, a 20% rise on the year.

Yap noted other potentially bullish signs for gold. From later on in the piece:

Demand in India, which some observers expect to lose its spot as the world’s biggest gold consumer to China this year, also is rising. There are signs of renewed bullishness elsewhere, as well. The amount of gold held by SPDR Gold Trust, the largest exchange-traded fund that buys and stores the metal on behalf of investors, rose by 1.8 metric tons on Friday, the first increase in two months.

India might have given the People’s Republic of China more of a run for their money concerning gold consumption if it weren’t for the Indian government cracking down on the importation of precious metals. From Reuters tonight:

Indians bought more gold in July than June despite a series of moves by the central bank to strangle supplies, and their insatiable appetite has forced neighboring countries to take steps to curb their own imports.

Indian Finance Minister P. Chidambaram said the government will take steps to curb imports of gold and silver, and look to contain gold imports at 850 tons this year.

The Indian government increased taxes on bullion imports in January and June in an attempt to bolter their sliding currency, the rupee.

Gold. It scares the bejeezus out of some folks.

By Christopher E. Hill, Editor
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)

Sources:

Yap, Chuin-Wei. “China’s Consumers Show Growing Influence in Gold Market.” Wall Street Journal. 12 Aug. 2013. (http://online.wsj.com/article/SB10001424127887323446404579008372464837550.html). 12 Aug. 2013.

“Gold eases after sharp jump, still near 3-week high.” Reuters. 12 Aug. 2013. (http://www.cnbc.com/id/100957493). 12 Aug. 2013.

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Peter Schiff Recommends This Much Hated Investment

This week, we’ve already heard from “crash prophets” Dr. Marc Faber and Jim Rogers. I musn’t forget the CEO of Euro Pacific Capital, Peter Schiff, who appeared on CTV’s Canada AM yesterday. Discussing the Commerce Department’s report that the U.S. economy grew by 1.7% in the 2nd quarter and the popular notion that we’re in a recovery, Schiff pointed out:

If you look at the fundamentals, if you look at the contracting labor force, the declining use of energy, the explosion of poverty in America and income inequality, all the record number of people on food stamps and on disability, all the part-time jobs that are replacing the full-time jobs that we’ve lost. All of this is consistent with a shrinking economy. But the government won’t admit it.

Meanwhile, the cost of living is rising rapidly in America, and we pretend that there’s not enough inflation. And Ben Bernanke is out there trying to lay the foundation for more QE, because he knows he can never taper. He’s just bluffing. He can’t tell the market the truth that the U.S. economy is completely addicted to his monetary heroin. And the moment he takes it away, it’s going to be a complete economic withdrawal.

It’s a familiar message from Schiff. However, he also warned whoever would listen about the housing bubble and economic crisis that roared its ugly head in the fall of 2008 until he was blue in the face… and it eventually happened.

And here’s what the author of The Real Crash: America’s Coming Bankruptcy—How to Save Yourself and Your Country icon is recommending Americans do to protect themselves before the next leg of the financial crisis commences:

Buy precious metals.

Okay. He’s been saying that for a while too.

But in an interview with Greg Hunter of USAWatchdog.com that was published on YouTube.com on July 28, Schiff, who’s also the CEO of Euro Pacific Precious Metals, tells viewers about one precious metals-related investment opportunity in particular that he’s incredibly-bullish on, even though others despise it right now. From the exchange:

I think right now you’ve got the best buying opportunity of the entire bull market in gold mining stocks- gold and silver stocks. That’s why, for the first time ever, I just launched on Friday of last week my first gold mutual fund. The Euro Pacific Gold Fund [EuroPac Gold Fund] invests almost entirely in gold and silver mining companies. You know, I started my mutual fund company about 3 years ago. But at the time, gold stocks were near their highs, they had a big run. So from a timing perspective, I didn’t want to come out with a fund right after a big run. I wanted to wait for a decent pullback, so we can start the fund at a relatively low point. And then have a nice track record.

You know, most people in the financial industry, when they launch a fund, they want to sell what’s hot. Because it’s easy. It would have been easy for me to launch a gold fund 3 years ago because everybody wanted to buy gold stocks. But now is a better time as an investor. It might be a harder sell, because everybody hates gold stocks right now. But that’s when you buy in cheap- when everybody hates it. But I’m willing to educate people so that they know what they should do. I don’t want to sell people what I think they want. I want to educated people and convince them to buy what I know they need. So it might be a harder sell, but this is a great time, I think, to be investing.

You know, they say on Wall Street, it’s easy to make money, all you got to do is buy low and sell high. Well, it’s easier said than done. Because you can’t sell high until you buy low. And I’m convinced, we are buying really low right now by buying the mining stocks. So people can buy themselves or check out some information on my brand new mutual fund that came out on Friday.


“Peter Schiff: Buy Gold and Silver Now, Money Printing Until We Have A Currency Crisis & More”
YouTube Video

By Christopher E. Hill, Editor
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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MarketWatch Looks At Silver Investing

This morning, I read a pretty good article on the MarketWatch website about silver. Myra Saefong wrote in “Why silver might be a good buy at $20 an ounce”:

So why might silver prices climb from here?

After the metal’s hefty price drop, the basic rules of supply and demand are set to come into play if they haven’t already.

Some familiar names in the precious metals field pop up in the piece, including Precious Metals Investing For Dummiesicon author Paul Mladjenovic and APMEX CEO Michael Haynes. And the tone is generally bullish.

Saefong added:

Silver didn’t quite turn out to be a bargain at around $30 an ounce early this year. At $20, however, it could be a steal, if you’re careful.

Just thought I’d pass this along. I like silver. I think the precious metal has a role to play in surviving and prospering in the turbulent years ahead.

You can read the entire article on MarketWatch.com here.

By Christopher E. Hill, Editor
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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Friday, July 26th, 2013 Commodities, Investing, Precious Metals No Comments

Peter Schiff: Fed ‘Bluffing’ With Talk Of Tapering QE

You may have noticed the numerous comments being made by Federal Reserve officials recently about “tapering” back quantitative easing.

Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, doesn’t buy it.

Schiff, who correctly-predicted the U.S. housing bust and “Panic of ’08,” appeared on CNBC’s Closing Bell back on June 11. He told viewers:

I do expect the Fed to taper back the tapering talk. Remember- for years, they were talking about an exit strategy. And I always said that they were bluffing- they have no exit strategy. They still don’t. Now, they don’t even talk about exit. They just talk about tapering. But ultimately, they’re not going to do that. They’re going to increase the size of their monthly QE. That’s the only way to stop the bond market from imploding. And they will do that until they can’t do it anymore…

You know, I said the Fed is just bluffing with all the talk of tapering, because they know we have a phony recovery. And the minute they take away the monetary stimulus the whole recovery illusion is going to fade. But they have to maintain this posture. But, we do get a meaningful pullback in the bond market, which brings down the stock market, and the housing market starts to roll over again. The Fed is going to have to come clean and start talking about expanding its monthly QE. And that’s what the market is going to need to go higher again. But again, it’s an inflationary illusion. The underlying fundamentals beneath the economy and the stock market are getting worse- not better.

Schiff proceeded to recommend foreign stocks, silver, and gold- especially gold stocks- as possible investments.


“To Big To Fail Banks Will Fail Again”
YouTube Video

By Christopher E. Hill, Editor
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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Seen On The Streets, Part 8

Last post for today as I put together new material for release early tomorrow morning.

When was the last time you searched your pocket change for any “valuable” coins?

Well, look what I received as change from a local store a couple of days ago:

Silver Quarter

A silver quarter that was minted in 1941.

And I thought the “change” that’s circulating nowadays had been picked through of coins containing precious metals long ago.

Apparently not.

According to the Coinflation.com website this morning, this particular Washington quarter, comprised of 90 percent silver and 10 percent copper, has a melt value of $3.96.

Not bad. I think I’ll pick through a pencil case full of change that I have later on today in hopes of “striking it rich” again.

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

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Financial Sense Newshour’s Jim Puplava: When Gold Price Manipulation Occurs, Buy Gold

Today I’m going to discuss some material from the podcasts I listen to on a regular basis. The first of these is the Financial Sense Newshour. Back on April 27, host Jim Puplava, who correctly-called the 2008 global economic crisis among other things, responded to a question about alleged gold price manipulation. Puplava told his listeners:

They can manipulate it in the short run. You need to do what investors are doing now. When they do this- take it down- do what many investors including myself have done. You just go and buy it. You’re getting it marked down and on sale. And the fundamentals are always going to play out in the long run. Same thing with silver…

When they do this- I don’t care if it’s stock or it’s the bullion itself- take advantage of the system. Which is what investors have done over the last two weeks worldwide…

So, take advantage of the opportunity when it presents itself. This isn’t the first time that we’ve had these little manipulations that have taken place in the market. When they occur, if you can, that’s when you buy.

So it seems Mr. Puplava is in the camp that believes the price of gold is being manipulated. He’d be joining Paul Craig Roberts and Ambrose Evans-Prtichard in this respect.

Speaking of respect, I’ve been listening to Puplava’s podcast for 8 years now, even going so far as selecting it as a “Resource Of The Week” back in February 2011.

So when Jim Puplava talks, I listen.

Now, if I could only wrangle up some cash…

You can listen to that entire Financial Sense Newshour segment here.

By Christopher E. Hill, Editor
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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Resource Of The Week: King World News- Broadcast

As I’ve mentioned before, I like to listen to a number of financial and personal safety podcasts on a regular basis. Recently, I’ve started listening to a new one.

A couple of years ago, I happened to catch Eric King on the Financial Sense Newshour. I was pretty impressed by what he had to say, and shared the same concern he had of a “strongman” along the lines of Hitler and Stalin coming to power after a U.S. financial crash. I knew King headed up King World News (KWN), and when I finally headed over to his website to listen to one his interviews with the sort of people who correctly-called the U.S. housing bust and Great Recession, I kept coming on back for more.

Enter King World News- Broadcast.

From Wikipedia:

Eric King created King World News (KWN) in 2009 to fill a void he saw in mainstream journalism’s lack of coverage of essential information about financial markets. Each week, King conducts audio-only interviews with important people from business and finance.

In addition, King broadcasts something called the “KWN Weekly Metals Wrap” each Saturday. From the website:

We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my secret weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold and silver market price action.

Looking back to the beginning of May, King has interviewed notable members of the financial/investing community like:

• Art Cashin (most recent)- Director of Floor Operations for UBS Financial Services & CNBC Market Commentator
• William Kaye- Founder, Vice Chairman and Senior Managing Director of the Pacific Alliance Group of Companies
• James Turk- Founder & Chairman of GoldMoney
• Andrew Maguire- Whistleblower & Independent London Metals Trader
• John Hathaway- Senior Managing Director & Portfolio Manager, Tocqueville Funds
• John Embry- Chief Investment Strategist for Sprott Gold & Precious Minerals Fund
• Dr. Paul Craig Roberts- Economist, Co-Founder of Reaganomics
• Jean-Marie Eveillard- Senior Adviser, Portfolio Management for First Eagle Funds
• Dr. Stephen Leeb- Chairman & Chief Investment Officer of Leeb Capital

I, myself, have King’s interview with James Turk uploaded into my mp3 player and ready to be listened to when (if) I have the time this weekend.

Eric manages to extract very insightful material from such well-informed individuals. Perhaps you might find what they have to say valuable too?

The latest King World News- Broadcast can be accessed on the KWN website here.

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

(Editor’s note: Link added to “Resources” page)

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Christopher E. Hill, Editor
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