Mike Maloney Gold & Silver Insights 2012

Leigh Greenberg speaks with Mike Maloney on price action, inflation/deflation, international diversification, counterfeits and more.

In this interview, Mike Maloney is discussing the issue on prices spikes of gold and silver in 2008 compared to 2011. Gold and silver investors taking advantage of lower prices. He also answered whether how healthy is this bull market. He reaffirmed that gold and silver are money, not just a commodity. Continue reading

Silver Year End Sales

It is end of the year now and it seems like there is a Silver Year End Sales in silver market. In early December 2011, 1 oz of silver price has been dropping from USD 32 – USD 33 to USD 26 – USD 27 in late December 2011. Hey! Silver in Malaysia has a Silver Year End Sales too!

I have been buying silver from USD 38 / oz down to USD 31 / oz. Although I have not been long enough to invest silver in Malaysia, I did witness silver price felt to USD 26 in late September 2011 but unfortunately that was the first time I saw silver price dropped to such low level therefore I didn’t know how to act upon the low price at that time. I didn’t even know there was such a thing known as resistant level which USD 26 was a strong one. Few days back, I saw the similar pattern was happening again. Silver price has been falling and soon it would reach USD 26 again. Continue reading

Silver Investment Cycle

If you are interested in the buying silver in Malaysia as silver investment, there are a few essential parts of information you need to know before investing. Silver has seen a phenomenal rise recently, with the price just $10/oz in 2007, rising to almost $50 earlier 2012, before settling to $30 at the end of year 2011. Price has been consolidating at $27 – $28 in June to August in 2012.

Anyone who 3 years ago had the insight to think that the current gold and silver prices were cheap would be looking at a 6 fold turnover on his original investment. Of course, for silver investment in 2008 you would have needed to have phenomenal insight to know that a silver boom was about to happen, but these things can be predicted.

Even though its tempting to think that anyone who went into silver investment was just lucky, the phenomenal rise is a deliberate part of the investment cycle. When silver was just $7.50, no-one thought that it would rise so much in such a short time on its own – everyone just thought it would stay at that price. However ‘smart money’ or influential organizations with a lot of money were accumulating silver without raising much public notice. They would be buying in small amounts so to not drive up the price, but to gradually increase their own stocks. After a time, this ‘smart money’ would be informing institutional investors such as large hedge funds and pension funds to invest in silver – and then with their combined might start buying of silver in droves – this would start to propel the price into the public eye, and overwhelm anyone selling silver.

Bubble – Silver Investment Cycle

One this phenomenal price increase was in the public eye, there would be mass media advice to do silver investment, and the public would start to buy silver heavily. Those that got in at the start started to make money and see their investments increase, and they would tell their friends. Even when they sold for a decent profit, they would see a rise would be so meteoric that they missed and feel that they sold too early, and plough profits back in for a higher price. At this stage of course, the smart money has stopped buying, it is selling and making vast profits. The time comes when the institutional investors realize the smart money is selling, and they too begin to sell, causing the market to peak and start to fall. When this happens, initially the public see this as a bargain and send the price up slightly before they realize that the investors with the money to prop the market up are selling as quickly as they can – and this causes a climate of panic selling.

The price then quickly falls, as members of the public who have invested in silver at a far higher price sell for a loss as they think that the bottom has fallen out. At this stage, the media are announcing that silver investment is a bad investment, and fueling the panic.

This panic returns prices back to a low price, and it is here, where smart money gets another opportunity to buy again at a low price to start the cycle all over again. If you are thinking of buying silver in Malaysia it pays to know the perfect time to buy and sell.

If you are ready to catch the opportunity in the coming silver investment bull market, download this eBook to educate yourself how to invest silver in Malaysia.

Buying Silver is Better Than Buying Gold

Both silver and gold are precious metal. Have you ever wonder if Buying Silver is Better Than Buying Gold? Since the creation of Silver Shop Lot and Lowyat Silver and Gold Group in Facebook, silver in Malaysia can be purchased online as easily as gold can (although not in the exact same manner), but silver is the better purchase. Both gold and silver are precious metals that have tangible value. The benefits of each metal have much in common, but there are also differences that must be understood before making an investment.

Both metals are a storehouse of value. Regardless of what happens in the world, a person who has a portion of their wealth invested in gold and silver will have a balance in their investment portfolio. If the world’s stock markets and currencies drop significantly (which is very likely happen in the near future), gold and silver will hold their value and likely increase in value offsetting losses in other areas of investment. The more uncertain you feel about the future, the higher percentage of your wealth can be transferred to these precious metals. Continue reading

The Silver Market Psychology & Inflation

A look at the silver market, focusing on supply and demand, psychology, and inflation with:

  • Victor Adair (Market Analyst)
  • Dr. Andrey Pavlov (Professor of Finance, Simon Fraser University)
  • Tara Immell (Professor of Finance, Simon Fraser University)
  • David Morgan (Founder of Silver-Investor.com)

If you find the video interesting, please use the Facebook Share button on top.

Buy Silver in Malaysia…Now!

Buy Silver in Malaysia…Now!

You can still buy silver in Malaysia with a very good price. Silver price is very likely to soar in the near future. Look, silver can be used in 10,000 different ways. It is the world’s best conductor of heat and electricity. Inventors found so much usage for silver that they have filed more patents on silver uses than any other precious metals in the world. Note that silver is used mostly in industrial and technological production; when it is used, it is gone forever because it costs too much to recycle the little bit of silver. It is simply not cost effective for any business to do so.

Please do not mistaken that the manufacturing industry is going to use up all the silver in the whole world. The probability is very little, but the little supply of silver would be a major issue soon. For the past few years, the world have been consuming silver very rapidly. It leaves very little left for investors to play with. The market is waiting for one ‘relevant’ financial crisis could easily send silver price to the sky. Silver in Malaysia will be no exception.

Here is a table that shows the percentage of usage of silver categorized by the usage and year, for the past 4 years:


As you could notice, only 12% of the silver pump into the market has been used to make bullion in 2010. That means there was only about 100 million ounces of silver became bullion…for the entire world! Do you know what is the world population? It’s not even enough for 1 person to own 1oz of silver now. I can safely bet that most of the people who are reading this owns more than 10oz of physical silver. Some even already owned more than 100oz of silver in Malaysia or in overseas. It is a very simple economy scenario, when there is more demand than supply, the price of the good (silver) goes up up up!

If the silver in the world is to be equally distributed, this is what you will see. Everyone person could only own 1/14 of oz of silver.

Now ask yourself, how many oz of silver have you already owned?

Nevertheless, silver is one of the most volatile assets for investment. Even my trading guru urged us not to touch (trade) silver until we are really good with the game. (Well, that is another story in paper silver and technical analysis). Over the history, silver has significant price swings including an 81% rally and two 30% drops. If you have invested in silver in Malaysia in 2011, you would feel the pain. Those price swings forced a lot of traders to liquidate their silver holding for whatever cash usage for their capital.

Anyway the long term movement for gold and silver are still in uptrend. Asian economies (especially China & India) are getting richer, they have very strong culural sentimental for loving precious metal. Similarly in Malaysia, there has been more people are buying gold and silver in Malaysia in the last 24 months. In addition, the Western countries have lived beyond their mean for a long long time. The liabilities and debts can only be paid back by their creative Quantity Easing (QE1, QE2, QE3…).

Hence, I urge everyone who is reading this, go ahead and buy some silver in Malaysia. Store it. One day you might be grateful that you have read this article.

I hope you have enjoy reading Buy Silver in Malaysia…Now!.

Invest Silver in Malaysia

Ever since I have posted an article titled “Silver Price in Malaysia”, I’ve been receiving some emails from readers on how to invest silver in Malaysia. In this article, I’ll be sharing some of the factors to take note while investing silver in Malaysia.

Research on the type of silver in Malaysia, know your options.

invest-silver-in-malaysia

Invest Silver in Malaysia

This is the most important step before starting to invest silver in Malaysia. Silver appears in many forms in Malaysia. Although almost all silvers are imported from overseas, there are legal tender coins, rounds, variety sizes and brands of bars are being traded freely in the local market. Conduct brief research on local online forums, Facebook group pages and local websites where the silvers are being traded. You have to understand what options you have before you invest silver in Malaysia in any form of silver. If you do not know your options, very likely you will be ‘slaughtered’ by the market rather than making money from it. For example, one of the local retail sellers who provide a Guarantee Buy Back scheme and another do not. However the sellers who provide a Guarantee Buy Back scheme do charge a higher premium for the silver while another seller is selling at a cheaper price. You will have to decide for yourself whether you the option of buying silver at a lower price or the option of buy a premium silver that tied to a Guarantee Buy Back scheme. Analyzing all the options to invest silver in Malaysia could be a little over-whelming in the beginning, but once the first round of analysis is completed, the coming investment journey is very much smoother.

Investment goal is a must and keep to your budget.

invest-silver-in-malaysia

Invest Silver in Malaysia

Just like any other form of investment, you must have a clear investment goal while you invest silver in Malaysia. An investment goal merely means what is your plan to enter silver investment such as what form of silver to buy. Then you would have to determine how would you manage your silver investment such as whether to practise dollar cost average by using certain amount of Ringgit to buy silver every month. Lastly is to find determine an exist strategy. Many experts believe silver is destined to shine in the near future; therefore having 3 – 5 years holding period (or even longer) before cashing out your silver might be a good idea. However, one of the very important notes is NEVER borrow money to buy silver. You should only invest silver in Malaysia with excessive cash that you do not need because silver spot price is a highly volatile. You must keep to your budget while investing silver as you do not wish to trap into a situation where you borrowed RM 10, 000 from financial institution which charge you 10% interest and your silver investment has been falling in value (as silver price could drop anytime without prior warning). Since silver has a lower liquidity in Malaysia market (compare to gold), which means when you need to cash out your silver, it might not be easily turn physical silver into cash very quickly. Therefore you must have an investment goal that you are comfortable with and only invest silver in Malaysia according to your budget.

Deal with silver with honour.

invest-silver-in-malaysia

Invest Silver in Malaysia

You will with a dealer to invest silver in Malaysia. There are many silver dealers in Malaysia. The dealers consist of individual dealers, dealers who work in a network and retail dealer who rent a commercial unit to sell silver. In the precious metal business, bear in mind that honour is a very important element. Traditionally in Malaysia, precious metal is a business where the industry player might not be highly literate but the industry players do honour their words in their transaction. A lot of silver dealers in Malaysia do allow their customers to ‘lock in’ the spot price through a phone call as a value added service to invest silver in Malaysia. Many buyers would take advantage of this service to ‘lock in’ the best price. However the buyers do not have a crystal ball to predict the lowest price. If the price started to fall 5% (which is very likely to happen) from the price the buyer has just ‘locked in’, the less honourable buyer would cancel the previous order to avoid the paper loss of 5%. This is not an honourable act. Currently there is no official law that prevent such behaviour; however there has been a local case in Malaysia where the dealers threaten the buyer for a lawsuit if the buyer does not honour the deal. Bear in mind that invest silver in Malaysia could get yourself into trouble if you do not honour your verbal deal.

There is not a lot of available resource available that discuss about how to invest silver in Malaysia, I hope this article would serve as a starting point for you to invest silver in Malaysia.

Silver Round

Investing in Silver – Are Silver Bullion Rounds a Good Way to Invest in Silver?

By Christina Goldman

Sample of silver round - Silver in Malaysia

silver-in-malaysia-elvis

Sample of silver round - Silver in Malaysia

 

 

 

 

 

 

 

 

Silver bullion rounds are simply another name for silver coins. The term round came about because the silver was shaped into coins and thus was able to be stacked into rolls. This made it convenient for the coins to be handled and shipped. You’ll often see them referred to as silver art rounds because they can be purchased inscribed with a variety of designs ranging from commemorative, religious, military, cars, holidays, weapons, animals, presidents, and even Elvis!

Specifications:

  1. You can buy silver rounds in sizes ranging from one ounce to over one hundred ounces. The one ounce variety is the most popular.
  2. Each silver round coin contains one full ounce of pure silver.
  3. It has a purity of .999 fine silver.
  4. It is not government-backed and has no legal tender status.

Varieties:

Silver bullion rounds are available in both name-brand and generic.

Name-brand silver rounds include the one-ounce private mint produced A-Mark Precious Metals, Wall Street Mint and Sunshine Minting. These silver rounds will display the name or hallmark of the mint that manufactured them.

Generic silver rounds are produced by a variety of small, little-known firms as well as those produced over the years by companies that may or may not still be in business. They typically have a smaller markup than the name-brand silver rounds.

Most Valuable:

Engelhard Silver Prospectors is the one ounce silver round that is most sought after by collectors. It was minted by Engelhard but has not been produced since 1988. This silver round is difficult to obtain and occasionally can be purchased on the secondary market.

Reasons to Buy:

  1. Silver rounds are readily available.
  2. They typically sell for a lower premium than government-backed silver bullion coins.
  3. The value of the rounds is directly correlated to the current price of silver.
  4. Their small size makes them perfect coins for bartering.

Conclusion:

Silver bullion rounds are affordable, easy to store, count, buy and sell. They are an excellent way for the small investor or collector to invest directly in pure silver bullion.
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This Will Be The Decade Of Silver

This Will Be The Decade Of Silver – Interview With Eric Sprott

seekingalpha.com 
NOVEMBER 14, 2011

Patrick MontesDeOca: Mr. Sprott, can you please give us the current situation in terms of price in the silver market? What you might see in the short term as it unfolds in the next six to twelve months, what is your forecast?

Eric Sprott: Sure, I take a longer term view than six to twelve months. I’ve been involved in silver for about probably almost ten years now and of course the price of silver has done wonderful things in that time period even though recently it has come under a lot of pressure. My thesis being that even though the last decade has been the decade of gold, this decade will be the decade of silver. I can only imagine that it will go back to its historical relationship to gold of 16 to one in term of price. And as an example of 16 to one, with gold at $1600 it would suggest that the silver price should be $100. And most of the data that I look at certainly as it pertains to day to day markets, and I don’t mean the Comex, we’re not talking about that, we’re talking about the physical market for silver, and we have data points that suggest that buying for silver by the public is almost on a ratio of dollars of silver being bought to dollars of gold being bought. We can see that the U.S. Mint’s data that comes out every month, and pretty much every day, so for example, the amount of silver coins being bought through the mint’s service – they sold 50 times the number of silver to gold coins. This month it’s actually running around 70 to one. This really means people are putting as many dollars into silver as they are into gold. But there is nowhere near the amount of silver to invest in as there is gold.

P: So do you attribute this correction we saw recently to the correction we saw in the beginning of April?

E: Sure, well, I think both corrections were orchestrated by people who are massively short silver. When the price went from 20 to 50 roughly, I mean, those shorts had lost about 20 billion dollars. If silver had broken through $50, things would have gone absolutely crazy. Like when gold went to 850, it doubled shortly thereafter, which would have created great stress on those people who were short. And unfortunately in the Comex market, which is mostly a paper market, those who have huge amounts of money can force the price down, and as you may have recalled Patrick, there was a Sunday night around 9:30 when the price went down $6.

P: And it’s usually over the weekend that this happens.

E: Exactly, when nobody was trading. And that particular day the Chinese market was closed and the UK market was going to be closed that day. And of course, everyone comes into work at the New York time and the price of silver is down $6, they already have the margin call. Then the CME raised margins 4 times in the next week which put the long holders of silver contracts under tremendous duress, so they had to sell them. So a lot of the short position has been covered here, I’m not saying there won’t be further raids. There was a raid recently where they recently knocked it down to $27, and that is what happens in the paper markets. Paper markets can trade up to a billion ounces a day, while we only produce 900 million ounces a year. And looking at the physical markets, which I spend most of my time looking at, I can identify something like a 380 million ounce change in supply and demand just in the past five years in a 900 million ounce market. I believe that sooner or later we are going to run into a shortage in physical silver and the physical silver price will then determine the Comex price.

P: I think a lot of people would like to know, potentially, how soon would you see this change taking place?

E: Well that is a very tough question to answer because there are forces at work every day, right, and you have to exhaust those forces or they have to have some reason to change their view on what’s their best interest in the paper markets. I’ve always imagined there, or hoped that some industrial user of silver will say “Oh, I can’t get the silver” and the word gets out that there is a physical shortage. Or the people just continue to buy at the rate they are buying, because you just can’t keep buying silver on a one to one ratio to gold and have the price be 50 to 1. That is mathematically impossible.

P: I know that you like silver very much, but let’s talk about gold for a minute and please tell me your opinion about Venezuela, Chavez repatriating the gold that they had on deposit with English banks. Is this possibly or potentially the beginning of a new trend of realizing the inventory of real gold by these countries or institutions.

E: Sure, well, I think it is one step in the process. One other thing that has happened is we’ve now seen that central banks are buying gold; while they used to be sellers of physical gold, now they are buyers of physical gold. The GFMS this year suggested that central banks may buy as many at 500 tons of gold, whereas they were sellers last year. And this is in a 4000 ton a year market. And I think Venezuela’s statement is “We want to have our physical gold in our physical possession.” Is it going to make a difference? I can’t tell you the answer yet because of course Venezuela doesn’t have their gold yet. And I’m surprised it’s taken, theoretically, until the middle of November for them to get their gold because it was on deposit you wouldn’t think the logistics of transferring that amount of gold, I think its 93 tons or 110 tons, that’s not a lot of gold is it in terms of physical size; because it is so dense.

P: You experienced the same kind of reaction I believe when you recently wanted to purchase some silver. Where it took a little longer than what one would think to be normal.

E: Well, when we started the Silver Chest, we had to go into the market and buy 15 million ounces. This was about exactly a year ago. And 15 million ounces at the time, [an ounce] was probably $20, was like 300 million worth of silver, which is not a lot of silver. And you would think people advertise it as a billion ounces of silver and you want to buy 15, you’d get pretty speedy delivery. It took us 3 months for us to get the silver and some of that silver that was delivered to us was manufactured after we had made the purchase agreement. Which really means, in my mind, there wasn’t a tremendous amount of silver lying around waiting to be delivered.

P: So there could be the possibility that we may have a lot less inventory than what appears to be told on these government reports.

E: Sure, nobody really knows how much inventory there is. We know how much is in Comex, we know how much the PSLV owns, but theoretically that shouldn’t be available, beyond that, I just don’t believe there’s huge amounts of silver and we are buyers of silver every day. We’re very often delayed on our shipments. You know we could go in and buy 2 or 300 thousand ounces and we sort of get the common “Well, you know that shipment is going to take 2 or 3 weeks”, which really means, I don’t think there is really any ready silver inventory that’s just waiting for someone to say “Ok fine, I’m going to buy” [then] “We’ll deliver it to you” because it’s not really that difficult to deliver silver.

P: Let’s talk a little bit about the European crisis, Eurozone crisis, the banking crisis. How do you see that effecting the silver price short term, intermediate, or even long term?

E: Well, I think, Patrick, it depends on how it gets resolved. I mean if it gets resolved simply by printing money, I would think it would be incredibly positive for gold and silver. Because people would realize that felt currencies are being debased through those actions. I think the fact that gold and silver are where they are is very much a result of people more and more realizing that the powers that be seem to care less about how much they print and therefore if that is the solution; that we just print I think it would be very optimistic. But there is one other choice. The choice is: they don’t solve the problem, which as you know has become a banking problem and if there was a banking problem that erupted, it could be even more positive to silver because people will realize “If I can’t have my money in a bank, what are my choices”, and as we all know, very limited. And most of us that are believers in silver and gold, believe we don’t want a counter party and we’d much rather own the physical, so we aren’t relying on someone else to fulfill the promise.

P: According to Arabian Money they commented that the Arabian banks have isolated themselves from what they believe to be an economic crash of the western world. How do they fit into this equation in terms of the demand for precious metals?

E: I don’t have a lot of data on Arabian banks. I truly don’t. I mean, we watch the gold sales in Dubai and places like that and we’re very aware that the Arabs, the whole Arabian community is a believer in gold and they like trading physical things for physical things, but I must confess, I am not enough of a student of what’s actually happening in that area to tell you one way or another what the flows are. We did see a data point about a years ago where Saudi Arabia said “Oh, our reserves were supposed to be this but they are really 60% higher” and it came out of nowhere. I mean, I would certainly imagine if I was there, and I were selling goods to the world I might very well want to have my cash invested in silver and/or gold.

P: I’m going to ask you to stick your neck out here and try to do some kind of a forecast for our audience. What do you see, I would say; let’s say within 2012, in terms of the mint picture, the crisis in Europe and essentially trying to resolve this issue and finding some kind of resolution? If these economic world leaders are able to come and put together an intelligent plan, what do you feel the price of silver could do?

E: Well, I have to beg to differ with the word ‘intelligent plan’, because I don’t think there is an intelligent plan. In fact I think we all now know that most plans have not worked and created a very difficult situation for the average person in the world and has exacerbated the problem in the banking world. So, they’re going to come up with a plan, it won’t be an intelligent plan. I don’t think solving a debt problem is solved by more debt and leveraging, which is what’s being discussed in Europe today. But either way, as I said before, I don’t think the impetus will be for precious metal prices to rise, if I had to predict, I certainly would believe that silver would be above $50 next year and that gold certainly would be above $2000 and it could be substantially higher than that. It’s a question of how irresponsible governments are and maybe we will find out there is a Eurpoean plan, and then 3 or 4 months later, there is an American plan where we get QE3. It’s hard to know where it’s going to go because we don’t know how irresponsible the governments are going to be, but they are tending to be irresponsible, therefore you would think there would be lots of impetus for higher prices.

P: Eric, I would like to thank you once again for taking this time to spend with us and answer some of these questions for our audience. Thank you so very much.

E: Patrick, My pleasure.

Why Silver

SILVER: THE PEOPLE’S MONEY

By: Jeff Nielsen, November.07. 2011

In my writing a couple of themes occur with regularity: how “fractional-reserve banking” (with purely fiat currencies) is nothing less than serial stealing from the general population; and how gold and silver can protect people from this cycle of theft.

With respect to fractional-reserve banking, the theft is obvious. The bankers print up vast quantities of their paper currencies ‘out of thin air’, at no cost to themselves – but with the full benefit of that money. Thus their own “wealth” increases exponentially, and without the bankers earning a single penny of it. However, by diluting our currencies in this reckless manner they drive down the value of our money – reflected in higher prices (i.e. reduced purchasing power). We get poorer and poorer; they get richer and richer.
Given that we have a corporate propaganda machine which has spent more than forty years trying to disguise this serial stealing, it is no surprise that it often takes a long time for this reality to sink into peoples’ minds. Sadly, even once people understand the stealing which is taking place, they often aren’t able to piece together how precious metals are the “cure” for this chronic condition.

When I speak of precious metals being our salvation from the bankers’ world of debauched paper, for the average person what I mean specifically is that silver is their primary protection from the banksters’ stealing-via-dilution. In referring to silver as “the people’s money” I am not saying anything new here. Rather I am simply reiterating one of the oldest economic truths of our species.

To understand this first requires understanding two more of the most ancient concepts of humanity. To begin with, people must know the answer to the question “what is money?”. Once they have a clear understanding there, it becomes crystal-clear why gold and silver are the best “money” our species has ever known – and the only “good money” in existence today.

Next readers need to understand the historic price ratio between gold and silver, or in other words they need to understand the 5,000 year old price relationship between the Metal of the Sun (gold) and the Metal of the Moon (silver). This historic 15:1 ratio is absolutely reinforced by the fact that this is also the approximate relative proportions of gold and silver in the Earth’s crust. Thus 15:1 is the “natural” price ratio between gold and silver, and over the long term gold and silver prices must revert to that ratio.

Given that 15:1 ratio (and the much greater, current ratio today), this leads to an obvious inference. Gold, by virtue of being less common and thus more valuable is the “money” of the wealthy and governments. Conversely, by virtue of being more plentiful (but still “precious”) silver has always been the Money of the People.

Once these preliminary concepts are understood, readers should be ready to absorb how and why silver can protect the ordinary person from the serial stealing of the bankers. Remembering how the bankers “steal” by diluting the paper (i.e. fiat currencies) we are holding, the obvious solution to that problem is to avoid holding the bankers’ paper.

If we take the fruits of our labours and convert it into silver as quickly as possible, then suddenly the bankers must do most of their stealing from the other paper-holders – not us. And if every ordinary person converted their wealth to silver as quickly as possible, soon the bankers (and the ultra-wealthy for whom the bankers “front”) would have no one to steal from but each other.

People need to divorce their minds from the notion of “buying silver”, and rather simply think of themselves as doing their “saving” with silver rather than with the banksters’ ever more diluted paper. Indeed, the worst thing we can possibly do with our wealth is to deposit it in a bank – since that simply allows the banksters to ratchet-up their “leverage” even further (i.e. steal from us even faster).

Put another way, every dollar which ordinary people convert to silver (or gold) weakens the intensity/effects of this stealing-via-dilution. This also explains the extreme aversion which the bankers have to a “gold standard”, and why they have disseminated millions of pieces of propaganda over recent decades attempting to portray a gold standard as either being archaic or simply “impractical”.

A gold standard is “impractical” indeed if one is a banker because when it comes to the banksters’ efforts to steal-via-dilution, a gold standard functions like an “economic straitjacket”, preventing the banksters from conjuring any “money” out of thin air. With the absolute refusal of our corrupt and servile politicians to “regulate” these financial crime syndicates, a gold standard would impose fiscal/monetary discipline (and sanity) on both bankster and politician alike.

Lacking a gold standard and lacking any financial regulation of these multinational banks, as individuals we have been left with absolutely no recourse but to “insure” our wealth by converting it to silver. Holding silver will not/cannot “fix” our economies by itself. However, with the self-destructive greed of the banksters and the shameless corruption of our political leaders, the destruction of our economies is now inevitable – and we must protect ourselves individually, since we have been abandoned by our own governments.

As it has done for nearly a hundred years, the corporate media defines such behavior as “hoarding”. Strangely, when we (collectively) hold several billion dollars of silver the propaganda machine calls this “hoarding”, yet these same media talking-heads never mention the word “hoarding” when it comes to the $10’s of trillions in paper wealth being hoarded by these ultra-wealthy (ultra-greedy) misers.

As I have demonstrated in numerous previous commentaries, it is the “hollowing out” of our economies through the hoarding of all these $trillions which is one of the primary causes of our imminent economic collapse. In other words, it was bad enough to have the ultra-wealthy steal $trillions of our wealth, but they have compounded that economic harm by refusing to spend their ill-gotten hoards. If the “other 99%” greatly increase their “saving with silver” (or gold), this will also serve to slow down this hollowing-out process, and will at least help to delay our complete economic collapse.

Our economies remain in desperate need of a total overhaul of our entire monetary system, our tax systems, and our labour markets. Given the saturation level of corruption in our governments, it seems likely that most Western nations must also have radical reforms in their political systems as well.

Holding silver solves none of those other problems. At best, it will “buy us the time” to actually fix our broken economies (and broken political systems). At worst, it will make it a little easier to rebuild our societies from the economic “rubble” left behind by the banksters and their political servants.

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