Wednesday, May 25, 2011

Eric Sprott , we could see silver at $250/oz

Eric Sprott , CEO of Sprott Asset Management LP said in a keynote presentation at the Hard Assets Investment Conference9 May 2011 “There are a lot of great things about silver going down,” “We’re starting up a (new) silver fund tomorrow – available only in Canada. A week ago we could have bought 1 million oz. of silver and now we’ll be able to buy 1.3 million (oz.) for the same money,” he added.Historically, silver has always traded at a 16:1 ratio to gold. But there is much greater availability of gold to silver (above ground) at any given point – as much as 80 times more, Sprott said. If gold were to go to $3,000-5,000/oz., as some are projecting, we could see silver at $250/oz., he suggested . “Silver will be a currency, just as it always has been – just as much as gold,” Sprott insisted, adding: “There will be silver shortage. … It is logical to suppose that silver will go higher.” via www.resourceinvestor.com





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Tuesday, May 24, 2011

How TO Buy Silver Bullion

Bron Suchecki, The Perth Mint's Manager, Analysis and Strategy, presents a beginner's guide to buying gold and silver bullion in this three-part series recorded at the 2010 ANDA Coin Show in Sydney. Bron begins with a brief look at why investors buy precious metals before discussing the benefits of bullion bars with some great advice on how to check the best brands.As a Government owned company, The Perth Mint's indpendent audit is overseen by the Auditor General of the Western Australian Government.Whatever form you decide on when investing in silver, make sure it’s a purity of .999 fine silver whether buying bullion from a bullion dealer, coin shop, or Ebay.
Silver 100 oz. Bars & Silver 10 oz. Bars . Johnson Matthey 100 oz. Silver Bullion Bar .
If you want 100 oz. Silver Bars, or bar bullion, (also in 10 oz Silver Bars) to preserve value, go with J.M.s (Johnson Matthey), Engelhard, Sunshine Minting, U.S. Assay, A-Mark, Silvertowne, and APMEX bars. These brands are good because they are well known and trusted and have a stamp of authenticity (and they stack well in safe!).

Bars are good because they have the narrowest bid/ask spread among bullion investments.


Tungsten Plated Gold Bars

All hell will brake lose when the general public finds out about this...spread the word, buy gold in 1 oz or smaller which is impossible to forge, and impractical, it would cost more than the gold value, to make the smaller bars or coins.From the China Tungsten website: ".... tungsten is environmental-friendly, durable and hardness, the most important is that its density of 19.25g/cm3 is just about the same density as gold (19.3g/cm3), which bears the similar specific gravity.These advantages make tungsten .... the best substitute for the costly metal of gold or platinum..... a coin with a tungsten center and gold all around it could not be detected as counterfeit by density measurement alone."



I was priviliged enough to personally witness a 400oz bar cut up, revealing it was tungsten inside. Only a thin coating of genuine 9.999 over the outside, probably less than a quarter of an ounce! And this was a bar that was within the central bank system and leased out to Heaven only knows who! This was well over 20 years ago so it's nothing new. God only knows by how much central banks' claimed gold holdings are removed from reality. In the scale of bank scandals, this is THE BIG ONE.
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