Silver's Making A Comeback

Come on Silver!

Daddy's got some rounds counting on you!

You better rise!

TKC!

If that happens...well, we had all better hoard our metals and I for one am not going to disagree with that sort of prediction. I'm not so sure that I would even give it 5 years the way the dollar is moving right now and the World situations. Remember the rapid movement of the Metals Market a couple of months ago and the predictions of $1000 an oz (Gold) by this years end...anything goes in a World economy. I believe that this was also a prediction in the 80's with the books about "The New World Order" - hmmmm

A few hundred years ago, silver was actually considered to be more valuable than gold! I guess they hadn't discovered all the silver mines yet.

The sad part of all this is if the dollar fails that $8,000 wouldn't really buy much now would it? It all could be hype to get us to rush out and spend, spend, spend but I personally would rather have gold and silver than cash in a bank for a whole lot of reasons. I can guarantee you the banks are making a killing with our money buying and selling precious metals and for years the banking industry literally controlled the precious metals market but that is now slowing slipping away from them even though they continue to be a major player.

It is rumored that in some countries like France 90% of the gold is in family hands
Also it is rumored that nearly all the gold is leased out by central banks of europe and only exists on the books ; never to return again
Also in the US there has been no audit of Fort Knox reserves to be real or leased out

The minority is loosing control and hating every minute of it
because it cannot be a coincidence the English sold their gold up to the absolute bottom of around 250 $

quote:

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Originally posted by dsking

Ageka: I'm not following what you said "... it cannot be a coincidence the English sold their gold up to the absolute bottom of around 250 $". Would you explain please? And, I hope that I didn't take your comment out of context by editing it. Forgive me if I did. Thanks!

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There is some evidence as posted by GATA that governments like to keep the price of gold down because gold price means inflation and they want everybody to believe there is NO inflation
When gold went down like 6 weeks ago there was some evidence it was engineered with the help of the English again

Point is that all that like to keep gold down are running out of gold to sell ( like the English who stopped at the very bottom ; it probably was a bottom because they had to stop to sell )

It is also very weird that the Rotshild bank (sp) who has been part of the London fix left the club I think last year
It is also weird that the ceremony of fixing gold has been abandonned and it now conducted by telephone

Fact is that most goldminers have stopped selling gold that is still in the ground and are seriously reducing the paper promisses they sold in the past years ( de hedging )

Hope this somewhat clarifies my remark

The federal reserve has been standing on top of their currency dung-hill now for nearly 100 years with their chests puffed out like the banny roosters that they are. And now the world is starting to notice that their dung-hill is "actually" a dung-hill. What's going to happen when the world starts dumping treasury bonds. What's going to happen if the bond markets collapse? Just how long do we think we can live off of other peoples' money?

The United States is in for a very rude lesson in math: 5 minus 10 really does equal negative 5. No matter what Ben and his bannies say. "Helicopter Ben" is walking on a razor blade. If he so much as sneezes he's going fall off. IMO, there is superb future in metals--long term. Short term anything can happen with their mojo games.

But back to the questions on Gold. What we are seeing is a lot of speculators jumping in on what appears to be a good thing- and a good thing it will be for several reasons. The Muslim world according to info from the swiss banking- is demanding gold- most of the rest of the world values gold more than GNP. We here in American have pinned our economy to GNP- but those conditions are changing rapidly. When I still had my accounting practice of 43 years- I inherited or acquired clients from all around the world- and I learned that many many of the Vietnamese got to our country because they had gold. They sewed it in their clothes- now this was when they were running from the Viet-Cong- But of course later our Uncle helped them by the thousands to get here. My East Indian clients were all into gold. My Arab clients were all into gold- So what I learned from this was that the rest of the world thinks in terms of GOLD..Gold is what keeps a people free and independant- and I am quoting none other than our previous Fed Chairman- Greenspan. So yes, we are all concerned and no doubt, what ever happens will be in spite of what any of us can do. Dewey