An excellent documentary by Mike Maloney featuring James Turk Ron Paul Robert Kiyosaki ...the safest place to be are gold and silver now they are dirt cheap this opportunity is not going to last forever , you will still going to be able to buy a medium size house for 1000 ounces of silver just history repeating itself... Mike discusses many things in this documentary, including awareness of the situation, the differences between this market and that of the 1970s, the fact that this is a global phenomenon, and more. Would love to hear your thoughts on what he has to say. Mike Maloney trying to wake up the people out of their delusions of paper money just like Enron which was a fraud and collapsed suddenly so is the Dollar , the dollar is doomed this is the greatest opportunity in history of mankind the greatest wealth transfer in the history of mankind never before had all world currencies been fiat currencies at the same time this is the first time that that happened , there are trillion upon trillions of paper money which soon will be chasing the real hard assets available namely gold and silver ...gold and silver are still massively undervalued....one more thing. if government stop printing, they will not be able to pay back their bond that they issued. and they will default. everyone in the world will realize this and everyone in the world (except US) will just rush into gold because people in the world understand that if US government can default, why trust paper money?
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
Thursday, May 19, 2011
APMEX Silver Bars and Rounds
APMEX Silver Bars and Rounds are a great addition to your portfolio! Apmex has the best selection by far according to some silver bugs. Get it while its cheap it wont stay down long i ordered my first 20 bars 2 days ago and they are now almost worth what i payed get now so you can increase your profits. In case your wondering i payed about 3 dollars over spot at that time that is how much its moving soon i break even then in come the profits , yea just get 90% silver dimes in that case. I bought some 1/2 oz rounds the other day from APMEX. Get some quick while silver and gold are down.
1 kg Silver Bullion Bar
This is a 1 kilogram bar of silver bullion purchased at Ishifuku Kinzoku (Ishifuku Metals) in Japan. 1 kilogram equals 32.150747 troy ounces. I think I said something different in the video, I don't know where I got that from.
At the time of this post a silver 1 kilo bar would be worth $25.48 per Troy Ounce. So the bar's scrap value is 25.48 x 32.151 ounces = $819.20. Here in the UK, the bars are subject to Value Added Tax at 17.5% (this will be increased to 20% from January 4th, 2011). Current selling prices on eBay for the bars are circa 660 - 700 GBP.
Silver is extremely undervalued right now. Silver stocks are almost completely gone and silver is mined only as a by-product of other metals like copper, so supply will not be able to meet demand in the future. Some believe the price of silver will even match or surpass that of gold.
You can always go with allocated storage, but if you have a significant amount have your allocated gold stored outside of your home country. That's no guarantee that those other countries won't confiscate, but if you store it some place with a very liberal free-market economy I don't think there'll be a problem.
I keep all mine at home, boxed up and hidden in the storage space. In Japan there's little theft or robbery so I'm not worried.
At the time of this post a silver 1 kilo bar would be worth $25.48 per Troy Ounce. So the bar's scrap value is 25.48 x 32.151 ounces = $819.20. Here in the UK, the bars are subject to Value Added Tax at 17.5% (this will be increased to 20% from January 4th, 2011). Current selling prices on eBay for the bars are circa 660 - 700 GBP.
Silver is extremely undervalued right now. Silver stocks are almost completely gone and silver is mined only as a by-product of other metals like copper, so supply will not be able to meet demand in the future. Some believe the price of silver will even match or surpass that of gold.
You can always go with allocated storage, but if you have a significant amount have your allocated gold stored outside of your home country. That's no guarantee that those other countries won't confiscate, but if you store it some place with a very liberal free-market economy I don't think there'll be a problem.
I keep all mine at home, boxed up and hidden in the storage space. In Japan there's little theft or robbery so I'm not worried.
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