Tag Archives: Silver

Silver’s Future

CrystalBall1NEWSMAX reports that in A.D. 2012, America’s largest investment bank (JPMorgan Chase & Co.) held 5 million ounces of silver. Today, JPM holds a staggering 91.5 million ounces of silver! In just 5 years, JPM increased their stockpile 1700%.

In the first three months of A.D. 2017, JPM reportedly purchased 9.4 million ounces of silver. That’s an average purchase of over 3 million ounces per month. JPM clearly believes that silver’s price will rise.

Since A.D. 2000, silver has enjoyed an average annual growth of 10%. Plus, we know that silver can go to $48 per ounce, as it did in 1980 and 2011.”

More, since 2000, silver supplies have been in a deficit every single year. That means the supply of silver has not kept up with the growing demand for over 17 years and is unlikely to do so in the foreseeable future. Diminished supplies coupled with growing demand means higher prices.

Financial expert John Rubino believes that silver could exceed $100 per ounce. According to Rubino, the silver market is so small that if even a relatively modest amount of currency (“a few tens of billions of dollars”) flows into the silver market, the price of silver could start jumping by “$5 or $10 per ounce per day”.

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Bill Holter: Collapse Any Time; No Later than Election

video    00:31:05


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Speaking of Silver

Silver Eagle [courtesy Google Images]

Silver Eagle
[courtesy Google Images]

There’s a fascinating article at United States History entitled, “The Silver Question”.  It’s fairly short and I recommend you read it.

That article points out that monetary inflation isn’t new or unintended.  I was surprised to read that special interests have advocated that government adopt inflationary policies since the early 1800s.

But, what’s really surprising, is the article’s claim that physical silver coin was originally advocated as a means to inflate the gold-based monetary system.  The silver coin was added to the money supply for the purpose of increasing the money supply; thereby inflating and devaluing the gold-based dollar; and making it easier for debtors to discharge their debts by providing a mass of new, cheaper currency—silver coins.

This implies that silver has never been a true equivalent to, or substitute for, gold since silver was more inflationary than gold.


•  I’m going to pull one paragraph from that article and draw some inferences.


“Efforts to induce inflation into the American economy, the panacea of debtors, had been present from earliest times [in American history].  Some of this enthusiasm was devoted to paper money schemes, such as the land bank ideas of colonial times and the greenback agitation of the post-Civil War era.  Others hoped to lessen debtors burdens by enacting programs dealing with the nation’s coinage.”

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Texas Gold Bullion Depository Implications

[courtesy Google Images]

[courtesy Google Images] reports in “Texas Pulls $1 Billion In Gold From NY Fed, Makes It ‘Non-Confiscatable’,” that on Friday, June 12th,


“Texas Governor Greg Abbott signed a bill into law that will allow Texas to build a gold and silver bullion depository.

“The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now . . . Texas has enacted a Bill to repatriate $1 billion of gold from the NY Fed’s vaults to a newly established Texas state gold bullion depository . . . . the Bill includes a section to prevent forced seizure from the Federal Government.”

“HB 483 was introduced by state Rep. Giovanni Capriglione who said,

“We are not talking Fort Knox.  But when I first announced this, I got so many emails and phone calls from people literally all over the world who said they want to store their gold . . . in a Texas depository. People have this image of Texas as big and powerful . . . so for a lot of people, Texas is exactly where they would want to go with their gold.”


Good LORD!

Given the choice of storing your gold in Switzerland, Hong Kong, Singapore, Canada—or Texas—where would you rather store your gold?  A lot of people would say “Texas”.  Not just Texans, not just people in the US, but lots of people around the world would rather store their gold in Texas.

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Rethinking Retirement

[courtesy Google Images]

[courtesy Google Images]

The Guardian (UK) recently published an article entitled “Why the Multimillion Dollar Retirement is Not for the Middle Class.”  The title is pretty obvious.  Of course, the vast majority of members of the middle class are unlikely to accumulate enough savings and pension benefits to reach the “multimillion dollar” level of retirement.

Still, if the article’s title is a little silly, its content is serious and implies that retirement may be disappearing for most Americans :


“According to the Financial Analysts Journal, “retirement is not hopeless.” Indeed, all you need to do is save 22 times the annual income you hope to have when you retire. That means if you make $150,000, and hope to retire on $100,000 a year, you only need to sock away $2.2 million in a bank account to be able to retire comfortably.

The Financial Analysts Journal sounds like a prestigious and credible publication but its conclusion (“retirement is not hopeless”) implies that if a comfortable retirement is not hopeless for all, it is hopeless for the vast majority of Americans.  Oh, the average American may be able to retire one day, but only at a comparatively low standard of living of $10,000 to $20,000 a year.

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Posted by on February 1, 2015 in Economy, Gold & Silver Coin


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“Unbelievable Trust” II

A New Fiat Currency for You? [courtesy Google Images]

A New Fiat Currency for You?
[courtesy Google Images]

Last week, I wrote an article based on former Congressman Ron Paul’s comments on the world’s “unbelievable trust” in fiat dollars.  Essentially, Mr. Paul argued that trust is crucial to maintain a fiat dollar’s perceived value.  More, the world’s current trust in fiat dollars was not merely surprisingly strong but “unbelievable” given the dollar’s fundamental disabilities and future prospects.

This week, I’ll gild that lily with a few more comments on that “unbelievable trust” in the fiat dollar.


I can remember that back in the 1950s and ‘60s, the paper dollar was described as being “good as gold” because foreign-held dollars could still be redeemed with gold.  People trusted the paper dollar because it was “good as gold”.  They’d become habituated to trusting in paper dollars because they were still backed by gold (at least, internationally).  However, it’s important to recall that although people seemingly “trusted” in paper dollars, they really trusted in the gold that backed paper dollars.

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$700 Gold?

A reader writes:


“In another two years, will gold and silver values return to 2012 values or $700 for gold like Harry Dent predicts?  Appears bleak.  What is your counter to that?

“Thank you.



Here’s my “counter”.

First, consider the following chart of gold prices from A.D. 2000 to today in A.D. 2014:

Gold Price A.D. 2000-2014

Gold Price A.D. 2000-2014

The red line charts the actual price changes for gold.


Whatta Rush!

The yellow trend line “A” approximates the rising price of gold from A.D. 2001 (when the price was $280) though the peak price ($1900) in October, A.D. 2011.  During this spectacular bull market, the price of gold rose 600% in ten years.  If you owned gold, you were a very happy and excited camper.

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Posted by on October 18, 2014 in Gold & Silver Coin


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