Saturday, August 2, 2014

Silver is an Insurance!

It's been over a year since I posted here. My advice is to keep buying silver! More NOW than ever before as all things in the financial world are falling apart. Silver is at a LOW right now and a GREAT time to buy! I look upon silver (and gold) NOT so much as an investment but as INSURANCE. When things blow up financially, it will save you. Just like you have insurance on your car or house, you need silver and gold as insurance against the falling and crashing dollar.

Thursday, May 16, 2013

I'm Baaaack!

I have been gone for quite awhile. I have been out on the road around the country selling hand held massagers at home shows, boat shows and more. Also have an annual pass to Disney World which enables a Florida resident to go every day if you want. It's near by so my brother and I take a break and enjoy the day at one of the four themes or at Downtown Disney. He likes bowling and they have a beautiful new mammoth bowling center there. I still am keeping tabs on the economy and how to stay ahead of the curve through proper investments such as options and ETF's as well as Internet programs that churn out some good money. I have just come across such a program. If you are only getting 1 or 2% return on your money at the bank or mutual fund, that sucks! We cannot stay ahead of gradual inflation that keeps creeping up on us day by day. There is a new internet company that is paying 125% on shares bought. Yes, that is not a typo. Thy are paying 125%. They share all advertising revenue that comes in (BIG $$$!) with ALL members who have shares. A share costs only $45. I started with 1 share on May 1st and as of today (May 16) I have 23 shares and am gaining an extra share EVERY DAY out of my profits. It's FUN to check in every HOUR or so and see the money accumulating for the day! By the end of June I will have 60 shares which will be worth $675.00 EVERY MONTH! However, I plan to buy, out of those profits, 5 or more shares each month thus increasing my monthly income to as much as I need or want. Or I might wait 90 days for $1012.50 per month or 100 dys for $1125 a month or whatever I want. Email me at for the link and full details. P.S. This is NOT MLM, a HYIP, and you DON'T need to sponsor anyone unless you want and you would receive 10% of any shares they buy for one level only (Remember: this is not a MULTILEVEL program!)

Sunday, July 29, 2012

Breaking my silence!

I've been silent for quite awhile about silver and gold. All I've said in the past and continued evidence shows investment in both are necessary as total disaster with a dollar crash approaches. Listen, to me this is like believing in Jesus. Either you do, don't or are not sure. Well, I believe in Jesus and I believe in silver and gold as necessary insurance and back up (among other things as well) when the economy tanks. The general belief is that gold first, is ready for the next level up and silver will follow. Continue to research and check it out for yourself.

Sunday, February 20, 2011

J.P.Morgan says Gold is Money! NO KIDDING J.P.!!!

February 09, 2011

Macro Trader Briefing #102: J.P. Morgan's Historic Golden Moment!
by Justice Litle

Quote of the Week

J.P. Morgan Chase & Co. announced on February 7, 2011 that it will accept physical gold as collateral for investors that want to make short-term borrowings of cash or securities... I don't recall the G-20 declaring gold a new currency. Yet JPMorgan Chase and a couple of financial market exchanges have effectively declared that gold is an alternative currency. In other words, gold is money...

~ Janet Tavakoli, Tavakoli Structured Finance

Market Commentary

Have you heard? Gold is now considered money.

It's not like this is a new development. Across continents and cultures, gold has been money for more than 2,500 years... ever since the Lydians started minting metal coins circa 650 B.C.

But for much of our modern age, the movers and shakers of global finance have considered gold a "barbarous relic" (as the economist J.M. Keynes so famously dubbed it). For decades gold had been considered obsolete... a source of jewelry and trinkets... a mere plaything for doomsayers and conspiracy theorists.

So gold has long been money for those in the know. But for the intellegencia and the populace, it was "just another metal."

But now, one of the most powerful banks on the planet – J.P. Morgan, whose market cap is more than double that of Goldman Sachs – has recognized the monetary value of gold.

As the WSJ reports,

J.P. Morgan Chase & Co. said it will allow clients to use the metal as collateral in some transactions. For example, a hedge fund wanting to borrow money for a short period can put up gold as collateral and use the borrowings to invest elsewhere, betting on making a better return. Typically, banks accept only Treasury bonds and stocks in such agreements.

By making the announcement, J.P. Morgan is effectively saying gold is as rock solid an investment as triple-A rated Treasurys, adding to a movement that places gold at the top tier of asset classes. It also is trying to capitalize on all the gold now owned by hedge funds and private investors that is sitting idle in warehouses.

Why did the house of Morgan do this? In large part, it simply makes good business sense. Many Morgan clients are sitting on large amounts of gold, and adding to those holdings on a long-term investment thesis. Why not let that gold act as collateral to finance additional transactions?

It's rather amusing that gold is now considered up to the snuff of "triple-A rated Treasurys." In a saner world, gold would be a no-brainer choice in comparison to U.S. government bonds. But change comes at the margins, and this is a big step in the right direction.

It's fun to think about timelines. August 15th, 1971 is a date that lives in infamy: This year, 08/15/11 will mark the 40-year anniversary of Nixon shutting the gold window.

One wonders: Will February 7th, 2011 go down in history as another "big day" on the golden timeline? The day that the money world's movers and shakers finally, grudgingly, accepted the intrinsic "alternative currency" value of gold?

In the aftermath of the Egyptian uprising – and the J.P. Morgan announcement, which has had far less media coverage than it deserves – gold has reversed its downtrend and is now re-challenging the 50 day EMA.

A short-term correction here, followed by a renewed thrust to short-term highs, would be a very positive development for gold...

We are approching the end of our paper money system. Many of you will be caught blindsided and enter the Greatest Depression empty handed. Start buying Gold and Silver for protection. There is still time. I would start with Silver as it is cheaper.

Friday, December 11, 2009

FROM National Inflation Association (Silver)

NIA Declares Silver Best Investment for Next Decade

We are less than three weeks away from entering the next decade. The most important thing you need to know entering 2010 is that silver is the single best investment for the next decade. In our opinion, investing into silver is the only sure way to tremendously increase your purchasing power over the next ten years.

Throughout world history, only ten times more silver has been mined than gold. If you go back about 1,000 years ago between the years 1000 and 1250, gold was worth ten times more than silver worldwide. From year 1250 to 1792, the gold to silver ratio slowly increased from 10 to 15 and the Coinage Act of 1792 officially defined a gold to silver ratio of 15. The ratio remained at 15 until forty-two years later when the ratio was increased in 1834 to 16, where it remained until silver was demonetized in 1873.

The gold to silver ratio remained between 10 and 16 for 873 years! It is only over the past 100 years that the gold to silver ratio has averaged 50. History will look back at the artificially high gold to silver ratio of the past century as an anomaly, caused by the dollar bubble and the world being deceived into believing that fiat currencies are real money, when in fact they're all an illusion. Next decade, the fiat currency experiment will end badly in a currency crisis. The wealthiest people will be those who bought silver today and were smart enough to research and pick the best silver mining stocks.

While the vast majority of the gold ever produced remains sitting in vaults, 95% of the silver produced has been consumed by industry for thousands of applications in such tiny amounts that most of it will never be recycled and seen on the market again. Nobody knows the exact above ground supply of silver today, but most likely it is somewhere in the neighborhood of 1 billion ounces. That's a total worldwide market value of only $17.4 billion, when the world has over $7 trillion in foreign currency reserves, mostly in fiat currencies that they will need to diversify out of due to rampant inflation.

Besides the fact that the world has been ignoring the monetary value of silver, silver prices are artificially low due to a large concentrated naked short position. It's not a coincidence that the day silver reached its multi-decade high of over $21 per ounce in March of 2008, was the same day Bear Stearns failed. Bear Stearns was a holder of a massive short position in silver. In our opinion, this was likely a naked short position because there is nobody in the world who owns such a large amount of silver for Bear Stearns to have borrowed.

The reason why we believe the Federal Reserve was so eager to orchestrate a bailout of Bear Stearns, is because Bear Stearns was on the verge of being forced to cover their silver short position. Because the silver market is so small and tightly held, if Bear Stearns was forced to cover their short position, silver prices could've potentially rose to $50 per ounce or higher overnight. The world would've seen how economically unstable our country is and confidence in the U.S. dollar would've rapidly deteriorated.

JP Morgan still holds the silver short position they inherited from Bear Stearns. The concentrated naked short position in silver today is the largest short position in the history of all commodities, as a percentage of its market size. Eventually, JP Morgan will have to cover this short position or it could jeopardize their existence.

The best evidence that the short position in silver is naked and not backed by real silver, is the differential between what silver trades for on the Comex and what real people are willing to pay for physical silver on eBay. Every hour on eBay, there are dozens of one ounce silver coins selling for approximately $25. That's about a 43% premium over the current spot price of silver. With so much demand for physical silver, we doubt the silver shorts in the paper market will be able to manipulate prices downward for much longer. A major short squeeze could be right around the corner and silver could take off in a way that shocks even those who are most bullish.

We will soon be releasing our unbiased report reviewing all of the major online sellers of gold and silver bullion. If you would like your friends and family to receive our special upcoming report, please tell them about NIA and have them subscribe for free at:

This message was sent from National Inflation Association to It was sent from: National Inflation Association, 96 Linwood Plaza #172, Fort Lee, NJ 07024.

Sunday, June 21, 2009


What would a return to the gold standard look like?

David Morgan, founder of Silver Investor, believes a return to the gold standard would allow people to understand the true worth of their money. "If the U.S. dollar was re-established as fully convertible to gold, the reserve currency of the world would again be 'as good as gold,'" Morgan said. On the other hand, Michael Carr, chief market strategist at Dunn Warren Investment Advisors, thinks a return to the gold peg would severely limit government response. "Compared with the current economic environment, a gold standard seems to offer a virtual utopia. But, such a standard would make it impossible for the government to rapidly expand spending as they have in the past year."

Puru Saxena, CEO of Puru Saxena Wealth Management, would welcome the reliability a gold standard would offer. "Throughout history, 'paper money' has never worked and everyone would be better off -- not the bankers of course -- with a monetary system whereby currencies are backed by something tangible."

Tuesday, June 16, 2009


10 Gold Investing Mistakes and How to Avoid Them

1.) Having Unrealistic Short-Term Expectations — Do not make the mistake that so many advisors are hoping you will make. Use gold as a value stabilizer, not a vehicle for turning a small lump of cash into a fortune overnight. Although spikes in price do happen from time to time, the smart investor will always look for the long-term utility of a position before putting their hopes into short-term winnings. Keep your expectations realistic. And remember, patience is key.

2.) Overpaying on Premiums — Contrary to popular belief, just because the market evaluates gold under one price doesn't mean you're guaranteed to pay that price when you buy the metal. Depending on the minter, gold prices may vary quite a bit. Credit Suisse, for example, one of the world's most reputable minters, may charge more for the same quality metal than a smaller, lesser-known outfit. Bearing this in mind, also remember gold purity plays a major role as well. Look to buy only purity, not the brand name.

3.) Buying from Multiple Dealers — If you buy gold from several different dealers, you'll pay several different markups. Buying from one will limit this expense and likely lower your overall costs, due to discounts on bulk rate purchases. Research your vendors carefully; find one that suits your needs and stick with them. Do not test-drive vendors any more than is absolutely necessary.

4.) Owning ETFs over Physical Gold — Although an attractive proposition for many consumers who do not want to deal with the hassle, an ETF does not give you actual physical metal, but rather an interest in it. Add to that the exposure to management fees and the gradual bleeding of certificate value, and an ETF will corrode your investment — thus defeating the purpose of your purchase in the first place. Buy the physical metal and store it yourself.

5.) Owning Gold Stock over Physical Gold — If owning an ETF adds risk, then owning gold stock can be downright speculative. Gold stocks give you no interest in gold whatsoever, just an interest in the company that mines and refines it. Subject to market fluctuations like any other company, gold producers' share prices will experience gains and losses out of proportion to the price of gold and will be further affected by such things as management decisions. If your true goal is to preserve your net worth, and you don't want to spend your days analyzing company performance and balance sheets, stay away from gold stocks.

6.) Knowing How Much to Invest — A common mistake is either putting too much or too little into precious metal. For gold, shoot to invest no less than 10% and no more than 25% of your available assets.

7.) Buying Numismatic Coins Instead of Bullion Coins — Whether you're buying bars or coins, at the end of the day, your goal is to own gold. Numismatic coins derive their value not just from their precious metal content, but also from their rarity and collectability. Again, the demand for such things is hard to predict over time, plus gold purity in old and rare coins is often hard to confirm. To avoid the risk of buying coins at prices inflated by dealers, or coins containing significant percentages of non-precious metals such as copper, stick with standard bullion coins.

8.) Buying American Gold Eagles — I feel the need to point out the American Gold Eagle specifically when mentioning gold coins. Avoid this one! American Gold Eagle coins, first of all, are minted from 91.67% gold and are, therefore, vastly inferior to those minted from .9999 fine gold. But this does not stop their minters from applying high premiums. You end up spending more money on less gold. Furthermore, as US legal tender, the American Eagle actually leaves you exposed to inflation — which you're trying to avoid by buying gold in the first place. Find a better bullion coin like the Canadian Gold Maple Leaf or South African Kuggarand.

9.) Buying Natural Gold Nuggets — Gold nuggets may be appealing those who want to avoid paying premiums for expensive coins, but they create more problems than they solve because of an inherent lack of uniformity in the gold purity. Without precisely screening and evaluating the metal — as would be done prior to the minting of a coin — the gold in gold nuggets will often be darker in color, signifying impurity, or the batch itself may contain non-gold particles. Unless you want worthless material to be included in your gold purchase, stay away from nuggets.

10.) Buying Gold Jewelry — As with nuggets, jewelry is an unreliable source of gold. Not only is the purity of the metal once again a concern, but there is also the added artisan's premium present in all jewelry. The cost applied by the craftsman who made the piece will always inflate the price well past the value of the metal alone. Therefore, while jewelry may have value in its own right, it has no place in the hands of an investor who is looking to own gold as an asset.

Good Investing,

Alex Koyfman
Contributing Editor, Gold World