The cartel raiding silver badly now. from 31,2 to 28,80 as we speak. Lots of stop losses triggered. China better start buying now,Buy like hell, man. The rumor is 15-20/oz. Who really knows though? Even if it does hit the mark and you've bought at 25...you already know you're going to make your money back
Taking the silver update on the road to talk with my local coin guy. Are we ANY WHERE CLOSE to a top? Is he seing any panic buying??
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Wednesday, January 5, 2011
Tuesday, January 4, 2011
EUROPE RUNNING OUT OF GOLD AND SILVER! CONFISCATION OR TAXAT
This is a letter written and was delivered to me by US Mail on Saturday.
Will the US follow Europe down the Rabbit Hole?
Will PM crash and burn like in Oct 2008 before they run up to stratospheric levels or will the US employ ancient confiscation methods that failed in 1933.
Or just mabe a new VAT tax with PM being taxed at 25%-50%?
What can be done to save the US and now the World from financial ruin?
It is very upsetting to see that this manipulation is taking place. My business partner and I knew that something was wrong when there was no silver at the refinery and was told to by the silver on our fine account until some came in. this is a sad time, the banks are going to get away from the problem and leave the people struggling with paper currency. they have got a bargin. be sure that the silver price is going to rise, as soon as the banks get into the ark of silver two by two.
Will the US follow Europe down the Rabbit Hole?
Will PM crash and burn like in Oct 2008 before they run up to stratospheric levels or will the US employ ancient confiscation methods that failed in 1933.
Or just mabe a new VAT tax with PM being taxed at 25%-50%?
What can be done to save the US and now the World from financial ruin?
It is very upsetting to see that this manipulation is taking place. My business partner and I knew that something was wrong when there was no silver at the refinery and was told to by the silver on our fine account until some came in. this is a sad time, the banks are going to get away from the problem and leave the people struggling with paper currency. they have got a bargin. be sure that the silver price is going to rise, as soon as the banks get into the ark of silver two by two.
INVEST 500oz SILVER TO BUY A HOUSE? - Mike Maloney
"In 1980, it took 1000oz of silver to buy a single family median price home, that day will come again but it's probably going to be less than 500oz. This opportunity isn't going to last for long...there are these brief moments that go by, as far as historic time, they go by in the blink of an eye...where the safest place to be, the place where people run to, to protect their financial well being during economic crisis, gold and silver, they have been the safe haven for your finances for 5000 years. And there are these brief moments in history where they simultaneously become the asset class that has the single greatest potential gains in absolute purchasing power...and we're in one of those RIGHT NOW." - Mike Maloney
Im hoping it does go to 30:1, its made a good year end high which is a good sign & certainly the investment demand is increasing as the word spreads. I managed to get hold of four series 1 lunar kilos in January 2008 at £250 each, they would easily sell for £750- £800 each now, im thinking this time next year they will be a £1000 each. Silvers up 75% in 2010 compared to golds 25%. Id prefer silver as its cheap as chips still & anyone can start investing with around $35.
Im hoping it does go to 30:1, its made a good year end high which is a good sign & certainly the investment demand is increasing as the word spreads. I managed to get hold of four series 1 lunar kilos in January 2008 at £250 each, they would easily sell for £750- £800 each now, im thinking this time next year they will be a £1000 each. Silvers up 75% in 2010 compared to golds 25%. Id prefer silver as its cheap as chips still & anyone can start investing with around $35.
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