Silver Blog for Silver Investors

Silver Price Explosion?

jaybol — Sun, 29 Aug 2010 03:40:11 +0000

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Does a silver price explosion lie just ahead? Ben Davies, in an analysis prepared exclusively for kingworldnews.com, lays out a case for a silver price explosion. Davies is CEO of Hinde Capital, London. Although Davies sees trading opportunities, long-term buy and hold investors can take solace in Davies’ analysis. If silver does enjoy a move [...]

China to eliminate death penalty for smuggling gold and silver

jaybol — Thu, 26 Aug 2010 09:27:43 +0000

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Among 13 crimes set to no longer carry the death penalty in China is the smuggling of gold or silver. The proposed amendment to China’s criminal statutes would reduce the number of crimes punishable by death to 55. That China has in its laws the death penalty for smuggling gold or silver shows just how [...]

New 1099 Reporting

jaybol — Sat, 07 Aug 2010 01:12:04 +0000

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New 1099 reporting rules buried in the Obama’s health care legislation — if they go into effect — will have a major negative impact on precious metals dealers and their clients. Just as bad, the new regulations will have a harmful impact on all businesses. Legislation has already been introduced to repeal them before they go into effect.

Just how big IS a TRILLION???

rsbullion — Thu, 29 Jul 2010 01:45:20 +0000

When discussing the national debt crisis, it amazes me how easily most Americans can talk about a 13 trillion dollar debt without falling out of their chairs. Is it because they don’t realize the severity of the issue or because the average American does not come across the word “trillion” in their daily vocabulary? Either way it is a problem and it has become the new norm for sovereign nations to run up their national debt to astronomical numbers, while clueless citizens sit back and accept it as a normal course of action. In doing so, it’s as though it’s suppose to be this way, until it impacts the people so badly that it sparks levels of anarchy. (See Greece).
How big is a 13 trillion dollar debt? If I had a magical printing press, (like the one sitting in the white house) and I printed one dollar every second of every day of every year, it would take me over 400,000 years to pay off the current publicized debt. This would be the case, of course, only if the debt wasn’t compiling interest. That would be the case, of course, if they excluded unfunded liabilities like social security, medicaid, medicare and military retirement benefits. When we factor in these obligations, the real debt is over 80 trillion dollars, running interest.

So the question is; How long would it take for us to print our way out of this 80 trillion dollar national debt? The answer: over 1.6 million years if we printed one dollar for every single second that passed; amazing, but true.
We must be accountable for our own future and finances. There has never been a time where it has been more important to own precious metals. They are the safe haven you seek against this economic terrorism which has been put upon us. If history were to repeat itself (note: 1971-1980) we will attempt to print our way out of this mess which will eventually lead to hyperinflation. Our government will prevail in printing its way into a financial tsunami and precious metals will be our online lifeline left. If you are interested in speaking with a bullion specialist please give us a call at 1-888-611-8354 and feel free to visit our website at www.rsbullion.com thank you.

Royal Sovereign Bullion Group

If you hold physical bullion you will hold power.

rsbullion — Thu, 29 Jul 2010 01:45:18 +0000

We are a wealth preservation firm that offers financial protection through the ownership of physical bullion. What makes us different from other precious metal institutions is that we not only provide the metal directly to your door, (unlike those that issue certificates) but we will offer you our knowledge and constant updated materials pertaining to the precious metals industry.

At Royal Sovereign we believe in the long term benefits; as long as the dollar continues to decline, and it will, as we have a deficit of trillions of dollars, gold and silver will continue to rise.

It is important to diversify with all types of assets. With that said, we suggest that 20% of your wealth should be invested in precious metals. It is like an insurance policy to keep you safe and hedge you against economic uncertainty.

Banks like JP Morgan Chase and Goldman Sachs are short 325,000,000 ounces of silver that they will eventually have to cover. The only way to go about doing so is to purchase it back in the open market. If you hold physical bullion you will hold power. Seventy years ago the above ground world silver supply was 10 billion ounces; today that same inventory consists of only 1 billion ounces. The rate at which the world consumes silver far surpasses the production of silver mining. Many are not aware of this situation and therefore do not act. Now is the time to jump on the precious metals boat; it is sailing far with or without you, so educate and appreciate with Royal Sovereign Bullion Group.

Huge reduction in LCs’ net short position in gold

jaybol — Tue, 13 Jul 2010 05:45:39 +0000

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Most gold and silver investors are in precious metals because of macro (big picture) economic and financial circumstances in which the world now finds itself after seven decades of Keynesian economics and statist politics. These investors are content to take positions in the metals and hold them, while maybe adding to their positions as opportunities [...]

The Strange Case of The Liberty Dollar

18Karat — Sat, 03 Jul 2010 14:12:10 +0000

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Anyone interested in creating coins for use as a medium of exchange would be well advised to become familiar with the foundations of our currency laws; namely, Article I, Section VIII of the U.S. Constitution. It states clearly that “The Congress shall have Power…To coin Money, regulate the Value thereof, and of foreign Coin, and [...]

Why Did Silver Coinage End in the United States?

18Karat — Sat, 03 Jul 2010 14:12:10 +0000

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“If we had not done so, we would have risked chronic coin shortages in the very near future.” President Lyndon Johnson commented before Congress just prior to his signing the Coinage Act of 1965, the law which fundamentally changed the composition of America’s coinage. The new Act set the stage for the complete abandonment of [...]

Solving the Valuation Disparities of Voluntary Barter in a Fractured Economy

18Karat — Fri, 02 Jul 2010 05:11:04 +0000

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A breakdown in the viability of a national currency might cause dissonance in prices for goods and services which, under normal circumstances, tend to remain relatively uniform from region to region. For example, the price of an hour of labor performed by a cabinet maker, or the price of a gallon of gasoline normally do [...]

CMIGS may close early Friday for long Independence Day weekend

jaybol — Wed, 30 Jun 2010 20:04:33 +0000

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CMI Gold & Silver Inc. will be closed Monday, July 5 in celebration of Independence Day, and we may close early Friday, July 2 to give our staff a long three-day weekend. If you call late in the day Friday and get a recording disclosing that we are closed, then it is a long three-day [...]