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Riding The Silver Bullet

September 22, 2011 by  

Riding The Silver Bullet

Silver investments are becoming increasingly attractive in an uncertain economy. With good timing and the right strategy, you could reap huge profits on the expected gains in silver.

As an investment tool, silver enjoys unique advantages. In its dual role as both an industrial commodity and a monetary asset, silver’s impressive industrial qualities make it more than just another shiny metal. Its malleability, ductility and sensitivity to light ensure its value in a variety of industrial, medical, decorative and monetary applications.

Silver is used to make ball bearings for jet engines and electrical switches of all types, and it is used as a soldering material. Many plastic-manufacturing processes require silver as a catalyst, and it forms an essential component of corrosion-resistant batteries and solar panels. In the medical field, silver serves as both an ingredient in diagnostic imaging procedures and as an antibacterial agent.

Profitable Supply Gap

The consistent gap between silver mine production and silver demand represents an essential fact that continues to drive the bullish silver market. This gap, which began about a decade ago, arises because most silver is mined and extracted as a byproduct of zinc, lead and gold operations. The fact that the amount of silver needed for industrial processes consistently outstrips the amount that is mined means old silver scrap and net government sales are continually necessary to close the gap between supply and demand.

Fortuitously for future silver investors, the supply of silver scrap, while plentiful, is finite. Since silver is annually drawn from government sales and scrap to fulfill the demand for the popular metal, the available scrap supply keeps diminishing. Consequently, the gap between what mines can produce and the fabrication demand for silver has recently kept silver prices at the high end of historical levels.

A look at the recent history of silver prices shows that they have moved up in concert with gold, but silver’s wide range of practical uses offers an upside sensitive to both a strong economy and the inflationary pressures from economic growth and loose monetary policies.

The economic recovery of the past two years, centered in continuing strong growth in China, has pushed silver prices up significantly. In silver’s favor is its relative low profile in the overall cost of most of the industrial processes that involve this metal. Silver’s unique properties make it an indispensable ingredient in many of these applications, so there’s no adequate substitute. Therefore, manufacturers are resigned to paying the asking price for silver.

Playing The Silver Market

The best way to play silver is to employ a three-tiered approach that combines the leverage-generating power of options and equities with the safety of physical silver. This “Silver Bullet Strategy” incorporates the best features of the options, the physical and the equities market for silver.

In using options, you can invest in Comex (Commodity Exchange) silver options to gain big leverage with limited risk. This entails buying a long-dated silver call option and simultaneously selling a similarly dated call option at a strike price at least $4 per ounce higher. This strategy is the equivalent of owning a “mini hedge fund” in silver. It allows you to profit from an advance in silver prices but limits your losses in a retreating market.

In playing silver, you should also have a position in physical silver. This is best accomplished by purchasing United States 90 percent silver coins, known as “bag silver.” These bags are typically traded in increments of $1,000 in face value and come in denominations of either 10,000 dimes, 4,000 quarters or 2,000 half dollars. In these purchases you receive silver coinage (90 percent silver, minted before 1965) with a circulation value of $1,000. Each bag contains 715 ounces of pure silver.

Building A Silver Stock Portfolio

Building a portfolio of companies that explore for or produce silver can deliver substantial leverage on rising silver prices. The most promising silver recommendations in the junior mining space include:

Great Panther Silver (GPL: Amex; GPR.TO; $3.31) is a fast-growing company that owns two operating mines in Mexico: the Topia and Guanajuato mines. The properties are 100 percent owned and have no lingering royalty concerns.

In 2010, Great Panther generated $5 million in net income at a low cash cost of $6.50 to $7.50 per ounce of silver. With 71 percent of revenues coming from silver production (and the balance coming from gold, lead and zinc), Great Panther definitely qualifies as a primary silver producer.

As a growth-focused company, Great Panther has turned in four straight years of production growth, a period of time that included the huge economic downturn of 2008 and 2009.

The company’s latest avenue for growth is the San Ignacio Mine, an offshoot of its Guanajuato operations. The company is looking to increase production at both its Topia and Guanajuato mines to 3.8 million silver-equivalent ounces by 2012. Its low operating expenses, combined with sky-high silver prices, should produce substantial profits.

The company’s three-year, $57 million capital expenditure program will be entirely financed by cash flow from Topia and Guanajuato. It’s a strong buy at or near current levels.

South American Silver (SAC.TO; SOHAF.PK; C$1.94) lays claim to one of the world’s largest undeveloped silver-indium deposits.

Its flagship Malku Khota deposit in Bolivia boasts 230 million ounces of measured and indicated silver and another 140 million ounces of inferred silver, for a combined silver hoard of 370 million ounces.

A  recently updated Preliminary Economic Assessment on Malku Khota projects the deposit there can deliver a pre-tax net present value (NPV) at a 5 percent discount rate of $704 million and an internal rate of return (IRR) of 37.7 percent. These are eye-popping numbers — which is even more impressive when you consider that they use very conservative, base case metals prices of $18 per ounce of silver and $500 per kilogram of indium. But if you take into account recent silver prices of $35 per ounce for silver, those numbers balloon to a pre-tax NPV (at 5 percent) of $2.571 billion.

Since the company currently trades at a market capitalization of around C$234.6 million, South American Silver offers huge upside potential. Even getting valued at the “base case” NPV projection would deliver almost a triple on its current share price.

Perceived political risk in Bolivia has held back the company’s share price. But that perceived risk has created an unprecedented buying opportunity. Silver deposits this large in a dynamic silver market make this company significantly underpriced. Eventually, the market will realize that Bolivia cannot afford to turn away foreign investment. And as the perceived political risk dissipates, early investors in this large silver project should reap lucrative returns.

Silver Returns

The savvy investor recognizes that silver offers the promise of huge profits. For 17 consecutive years, silver demand has outstripped supply: The cumulative supply deficit in silver tops 1.75 billion ounces. In fact, silver almost always outperforms gold in bull markets. So if you’re looking for a relatively inexpensive way to take advantage of today’s shaky economic times, an investment in silver offers a relatively cheap investment that can pay big returns.

–Brien Lundin

All that glitters isn’t gold! In fact some of the most profitable opportunities for precious metals investors can be found in silver. In my complete Silver Bullet Strategy Report, I’ll reveal why I think “poor man’s gold” is the best investment in today’s turbulent and uncertain markets… plus give you six rock-solid reasons to start investing in silver today… as well as reveal three simple silver strategies that have the potential to make you a killing! Claim my FREE Silver Bullet Strategy Report and I’ll send you my periodic Golden Opportunities e-newsletter where I share some of the best market intelligence, tips and red-hot opportunities that cross my desk.
— Brien Lundin • Editor, Gold Newsletter

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Brien Lundin

is the editor and publisher of Gold Newsletter, a publication that has ranked among the world's leading precious metals and resource stock advisories since 1971. To learn more about Gold Newsletter, visit www.goldnewsletter.com. Mr. Lundin is also the host of the famed New Orleans Investment Conference, the world's oldest and most respected gold investment event. To learn more, visit www.neworleansconference.com.

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  • Tazio2013

    And let’s not forget America’s other favorite precious metal (from The Daily Bell):

    Gallup: Americans Choose Gold as the Best Long-Term Investment … Men, seniors, middle-income Americans, and Republicans are more enamored with gold … Thirty four percent of Americans say gold is the best long-term investment, more than say so about four other types of investments. Real estate (19%) and stocks (17%) are distant second choices. – Gallup

    Dominant Social Theme: Gold is on a minor uptrend. When it drops back down to US$250 an ounce, the interest it has created will subside.

    Free-Market Analysis: Another dominant social theme is increasingly shaky. The great Anglosphere families that run the world’s central banking (fiat money) must not be happy about news such as this. One reason the West – and especially America – is deluged by such surveys is because the elites like to take, regularly, the pulse of the middle class to determine how malleable and misguided it is. And the news on this front is gradually degrading to the dismay, we figure, of the powers-that-be.

    Hitherto malleable middle classes are angry about unemployment, upset about taxes, irritated with their faux-leadership and worried about their eroding savings and pension accounts. Gold ties right into this larger frustration. Yet the elites have invested endless time and energy into ensuring that people see gold and silver as (as John Maynard Keynes put it) a “barbarous relic.”

    Not anymore. People are well aware of the amazing run-up of gold (and silver). Gold began the decade at US$250 an ounce and today is at US$2000, almost. What other asset class (outside of silver) can boast a similar track record? Decades of propaganda have been vitiated by gold’s extraordinary run. Instead of trusting in the power elite’s false economy, its jumble of bankrupt banks, impoverished “sovereign” countries and stumbling stock markets, people are once again attracted to the glittering allure of the “yellow metal.”

    The hold of the power elite over the economy – and thus the citizens working within this economy – is grievously weakened. The prize, of course, is central banking, the ability (jealously guarded by the elites) to print money from nothing to fund a variety of programs leading to world government – including political, economic and military processes. They will do anything, quite literally, to maintain this privilege. And one effort they make consistently is to continually portray gold as a useless investment.

    The Aug. 11-14 Gallup poll was the first to inquire about gold, at least of late. Gallup apparently, so the article tells us, asked a similar question from 2002 to 2010, but that question did not include gold. “Real estate, savings accounts, and stocks jockeyed for the top spot during that time … Gold is Americans’ top pick as the best long-term investment regardless of gender, age, income, or party ID, but men, seniors, middle-income Americans, and Republicans are more enamored with it than are other Americans … After gold, low-income Americans are most likely to pick savings accounts as the best option for long-term investing.”

    • FreedomFighter

      Is something big going to happen next month? Stock crash, new war in the middle east, huge solar event, earth quake, or huge volcano eruption in indo region? Maybe a cobination of the above.

      Impossible to know, yet the feeling is palpable that something is about to happen. Hope for the best, prepare for the worst.

      Prep now.

      Laus Deo
      Semper Fi

      • Dan az

        FF
        It sure feels like!Could be all the above!

        • Al Sieber

          I’ll 3rd that also, I think the whole house of cards is coming down and they need a distraction… bad things with the economy usually happen in October.

          • Dan az

            Al
            Maybe this is one of the things planned.
            1% tax on all bank transactions HR 4646

            President Obama’s finance team is recommending a
            one percent (1%) transaction fee (TAX). Obama’s
            plan is to sneak it in after the November
            elections to keep it under the radar.

            This is a 1% tax on all transactions at any
            financial institution – banks, credit unions,
            savings and loans, etc. Any deposit you make, or
            even a transfer within your account, will have a
            1% tax charged.

            ~If your paycheck or your social security or
            whatever is direct deposit, it will get a 1% tax
            charged for the transaction.

            ~If your paycheck is $1000, then you will pay
            Obama $10 just for the privilege of depositing
            your paycheck in your bank. Even if you hand carry
            your paycheck or any check into your bank for a
            deposit, 1% tax will be charged.

            ~You receive a $5,000 stock dividend from your
            broker, Obama takes $50 just to allow you to
            deposit that check in the bank.

            ~If you take $1,000 cash to deposit at your bank,
            1% tax will be charged.

            Mind you, this is from the man who promised that,
            if you make under $250,000 per year, you will not
            see on e penny of new tax. Keep your eyes and ears
            open, you will be amazed at what you learn about
            this guy’s under-the-table moves to increase the
            number of ways you are taxed.

            ~Oh, and by the way, you receive a refund from
            the IRS next year and you have it direct
            deposited or you walk in to deposit that check,
            you guessed it. You will pay a 1% charge of that
            money just for putting it in your bank. Remember,
            any money, cash, check or whatever, no matter
            where it came from, you will pay a 1% fee if you
            put it in the bank.

            Some will say, oh well, it’s just 1%. Are you
            kidding me? It’s a 1% tax increase across the
            board. Remember, once the tax is there, they can
            also raise it at will. And if anyone protests, they will just say, “oh,that’s not really a tax, it’s a user fee”!

            Think this is no big deal? Go back and look at the transactions you made from last year’s banking statements. Then add the total of all those transactions and deduct 1%.

            Still think it’s no big deal???

            1. snopes.com : Debt Free America Act ⤢⤢⤢
            Is the U.S. government proposing a 1% tax on debit card usage and/or banking transactions?

            …It is true. The bill is HR-4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is to sneak it in after the…

            …moved beyond proposing studies and submitted the Debt Free America Act (H.R. 4646) , a bill calling for the implementation of a scheme to pay down the…

            …[2010] by Rep. Chaka Fattah (D-Pa.). His “Debt Free America Act” (H.R. 4646) would impose a 1 percent “transaction tax” on every financial transaction…

          • Old Henry

            Al:

            Let’s hope the house falls squarely on Little Barry the Muslim commie and the rest of his commie chhorts ahgning around the house…

          • Old Henry

            Dan az:

            I had heard about this tax a while ago. Very infuriating, and the people in OR had a chance to rid themselves, and us, of that dirt-bag last November.

          • Al Sieber

            Dan, thanks for that info. that’s extortion.

          • vicki

            It’s a tax. The Federal Income Tax rate started at 1% (7% if you were rich)
            by 1916 it had already doubled to 2%. Just imagine if they did the same to it as they did with the income tax which peaked at 22% (~92% if you were rich)
            http://www.taxfoundation.org/publications/show/151.html

    • Old Henry

      Tazio2013 (Tazio):

      Also, do not forget the third precious metal – Lead.

      Most of the liberals who aimlessly wander the halls here at PLD scoff at the rest of us for our beliefs in gold /siver / lead / prepping. So, in the near future we may clean up the gene pool as the pool could use a little chlorine.

      • s c

        You’re absolutely right, Old Henry. Lead, too, is a valuable metal. Dan az, HR 4646 is still unknown to most folks (thanks to a caring, compassionate, objective and WELL-PAID media).
        As for those who think gold and silver have limited value in emergency situations, please have the decency to refuse to buy any, schmucks. That way, the rest of us will have more. And, for those who have utter faith in our “leaders,” be sure to invite them over for coffee when/if anything bad happens. I’m sure they’ll beat a path to your door.

      • Al Sieber

        Well Henry, I have hundred of pounds of lead, and bullet molds and if I have to I’ll make bullets out of gold and silver for the “vampires”.

        • JeffH

          Al, that was priceless…”if I have to I’ll make bullets out of gold and silver for the “vampires”. :)

      • FreedomFighter

        Sept. 21, 2011

        How prophetic and pathetic that “NATO troops” from Europe such as Norway, that we fought and died for to liberate from Nazi Germany, are now in the U.S. training to make war on the American’s who liberated them in World War 2. The Globalists in using NATO troops on our soil seek our subjugation by the force of arms, to thrust us into their “Nazi New World Order”. This will result in the planned destruction and plundering of our Country, and the loss of millions of lives! —Steve Quayle

        Yes lead too, maybe need allot of it.

        Laus Deo
        Semper Fi

        • vicki

          Actually the troops gathering to make war were not even born when our country freed theirs so they have no knowledge of it. They are more of those “useful idiots” that Stalin? always talked about.

      • vicki

        Lead is one of those metals I also recommend. Usually in those cute little brass containers. Copper tops optional of course.

        • Dan az

          Viki
          Hollow points with primers get the point across too.

      • Marty S.

        This H.R. 4646 has languished in committee since 2010 but was reintroduced by Rep. Fattah as H.R. 1125 to the 112th congress March 16, 2011 same name Debt Free America Act. If this passes- bend over America and no lube allowed.

  • Tazio2013

    And here’s something recent from Bix Weir:

    ETFs have potential to become the next toxic scandal

    http://www.telegraph.co.uk/finance/comment/tom-stevenson/8769410/Tom-Stevenson-ETFs-have-potential-to-become-the-next-toxic-scandal.html

    A few things to remember:

    1) The price of both metals is 100% rigged every day. They can place the price at $1M/oz or $0/oz with a stroke of a computer key. If you want to SURVIVE the coming chaos you MUST put yourself in a position where price does not matter. This means keeping your metal OUTSIDE of the financial system. No ETF’s, no metal certificates, no mining stocks, no safe deposit boxes…nothing that will force you to sell or be confiscated without you putting up a fight.

    2) The gold and silver ETF’s were a con-job from day one and may be the Bad Guys LAST CARD in the destruction of the price of the precious metals. At any moment, both of these ETF’s can be dissolved for a myriad of reasons giving the Bad Guys the perfect cover to go for one final all out computer rigged metal slam. If you would be emotionally devastated with crash of silver to $5 and gold to $300 then you are not thinking about your investments properly. It should be a moment to celebrate as it would mean we are close to the END of their games.

    3) The key is to be able to ride it out. If it lasts a week or a month or six months you must be prepared to wait them out. And it may not come by itself. It will likely come with the crash of the rest of the system as well. Have 4-6 months of supplies (food, water, protection, a plan) and get to know your neighbors as they will be your new community.

    4) And what if the opposite happens?? What if gold and silver both take off to $10k/oz or $100k/oz destroying the financial shorts…and thus the entire financial system? Just think of the massive chaos in that scenario with EVERYBODY losing EVERYTHING that was not a real physical asset. You would hear cries of nationalization and confiscation from ALL CORNERS OF THE WORLD. Which scenario is better?

    • tsunami

      I agree and disagree.

      There are ETFs and then there are ETFs. Most do not have possession of the physical silver and only have a paper promise of possible delivery at some time in the future and they are not worth the paper they are printed on. in my opinion a scam along with the banks promise of future delivery. Most Banks do not have the physical silver either.

      On the other hand several ETF’s actually have the physical silver in vaults.

      I buy my physical silver directly from the silver miners in the form of silver rounds all registered and stamped and certified.

      I seem to detect in your post an amount of paranoia (justified or otherwise) against your officials in your country.

      As for me, I do not look on my silver and gold as investments but rather insurance against what I believe to be the coming depression
      (paranoid maybe). I have lined up precious metal buyers and determined that they can, will and have bought the products I have bought. As in any insurance policy It is protection and unlike other insurance policies, if the depression does not occur as some point in the future I should be able top get part of my money back.

      If you only look at your country then I might agree but you have to keep in mind that the rest of the world are big buyers of the physical metal with India alone buying massive quantities of the metal. The world does not begin and end with your country.

      • FreedomFighter

        As an American it certainly begins with America, though I really like India, great doctors and many beautiful women.

        Laus Deo
        Semper Fi

        • Old Henry

          Also FreedomFighter, good tech support…

          • JeffH

            …if you can understand what they’re saying… :)

  • Tazio2013

    And my third and final comment of the day comes from Roger Mason’s “Late September 2011 Economic Rant”:

    http://campaign.r20.constantcontact.com/render?llr=bsb4hfcab&v=001mgvimUtTidNnUdMV1tsWNhFT6efPRc6Y0nFo6rn7BNmQvpICMU_o9AnT40bu14SLgfK2N_qK1wEvuVxvewlmFXjcFo6do0J_XaNHqBF437s%3D

    Here is a rare and fascinating chart. The (blue) open interest on COMEX silver (amount of contracts people hold) has always been higher (usually far higher) than the (pink) spot price of silver. This is big folks! Now things have reversed and the price is much higher than the amount of open contracts held. Folks, silver is going to explode. Remember the COMEX lies about having 28 million registered (available) ounces. They are self auditing (like Ft. Knox), so they have almost none. When this is finally admitted the price will go ballistic. This is why you must own physical silver and not any form of paper silver or storage programs. The only three silver stocks we are still holding are First Majestic (FR), Endeavor (EXK), and Impact (IPT). You can sell them if you want, and put every penny into silver bullion. Or you can hold them, as the silver stocks finally seem to be taking off after more than ten years of underperforming the metal. You must sell your IRA or 401k, take the penalty, and buy silver. Starve in the street with your dumbassed friends if you don’t.

    • Al Sieber

      Good posts Tazio, and thanks for the links. precious metals and mining properties are my living I ignore the ups and downs of the metals market, and sure the hell don’t trust ETF’s, that’s a truly rigged game.

      • Dan az

        Hey Al
        I got on to this site yesterday that had 25 dollar silver coins that were 99.9 troy ounce and are 28 dollars each.What do ya think?
        http://www.budsgunshop.com/catalog/index.php

        • Al Sieber

          Sounds good Dan, but, make sure it isn’t .999 silver clad or plated. a lot of scams going on now.

          • Dan az

            Al
            I like the gun and wording on it about the second amendment on it.Did youu get a chance to check it out?

          • Al Sieber

            Yeah I did, thanks for that link.

        • JeffH

          Brother Dan, I go to Bud’s website frequently myself…it’s .999 pure silver…I bought four of them awhile back when they first came out.

          • neil

            Please note that they are only 1/2 OZ

          • JeffH

            neil…2011 coins are 1/2 troy ounce to be exact… :)

            I purchased 4 of the 2010 coins last year which are 1 troy ounce each.

          • Jay

            Jeff, Dan, BP, DaveH, Kate8, Old Henry, and who ever else wishes to come face to face with our true enemy. I would highly recommend that you listen to this!

            Central Banking History : William Stuart ~ United We Strike Radio 2011
            http://www.youtube.com/watch?v=7HbEUnd1iqQ

    • lastmanstanding

      Tazio 123, excellent post. here is one for you and anyone else who has silver interests…dont-tread-on.me

      Read the Silver Bullet and the Silver Shield.

      There is no way that those trading in paper silver, gold, etc. will get there physical when the music stops.

      • Old Henry

        lastmanstanding:

        I am afraid you are right on the money, so to speak. The issuers of the paper silver I think for the most part are Bernie Madoff Jrs. It’s just yet another Ponzi Scheme waiting to collapse.

        Damned sad world wi live in today…

  • tsunami

    As a Canadian I have been investing in silver for a long time and started buying in the $17 range.

    As the author states I have a lot of physical silver, silver ETFs and silver equities, Endeavour Silver and First Majectic are two of my favourites.

    The silver jewellry market is growing quickly as well. The people of India and China are starting to recognize that gold may be outside their budget but silver is a good poor man’s gold.

    One area that does not get much play is the medical side and more and more people are using liquid silver for their health. I can see the day coming in much of the world (USA excluded due to the AMA) where it will be used as an anti biotic agent.

    Interesting metal

  • dan

    Can you imagine what real estate will drop to by the time gold goes to $250….let’s not forget that money is just a way of keeping score,
    gold is for bling and keeping score but silver has the advantage of being the measure of gold (see the constitution)being bling AND being
    a functional commodity that has been depleted and is a by-product of other mining endeavors (primarily copper) and is priced so far below it’s historical ratio of 1:16 gold (aprox.1:40 )and it’s inflation adjusted value….but in the end it’ll be the medical value as an anti-bacterial / antimicrobial and reputed anti-viral properties (shared with gold) which will define silvers true value.

    • tsunami

      Danny Smart man. buy the silver bullion, hide it someplace and tell nobody about it even your family. Loose lips sink ships.

  • Mike

    Thanks for all the great information Tazio, Tsunami, Brien & the rest of you!
    Personally, it doesn’t matter what precious metal you own. In a worse case scenario either gold or silver & even copper will help you survive. And speaking of survive, here in Southwestern, Ohio a survival store just recently opened selling what you’re going to need when________________! (You fill in the blank, please.) I’ll check back throughout the day & hope to see more informative posts. Best wishes to all of you & it’s great to know people who actually know what’s going on & how to prepare for it!

    • Al Sieber

      You mean when the crap hits the fan?

      • Mike

        Al, it sounds like you’ve got your act together! Great posts & good luck. Your one man who derserves to survive & prosper when it does.

  • Cashpockets

    Unless you have physical silver to hold in your very own hand, you do not necessarily have monetary security.
    Buying silver and other precious metals on paper means nothing to you if you can’t collect it in a time of economic collapse.
    Who is going to force them to pay you on it, the Government? Ha ha.
    Or what will you use for money, in order to hire an attorney in an attempt to collect it?

    In a case of total economic and Government collapse, the things that will be most valuable are Food, Water and survival tools.
    You just can’t eat or drink Gold and Silver, not do they make good tools.

    • Old Henry

      Yeah Cashpockets, money to hire an attorney, or a HIT MAN.

      As stated above silver can be used for medicinal purposes. It’s a good ant8-biotic both internally and topically. Coloidal Silver.

  • Dean C

    Hey Tsunami, get your head out of the sand, it DOES begin and end with the U.S.A., ,All major trends start in the U.S.A.,when Our market rises, other markets rise, When our economy crashes,you can bet your A** the rest of the worlds economy crashes,tell me one other country that comes to the aid of another more often than the U.S.? If it weren’t for the U.S., stronger countries would be overtaking weaker countries at will, who else would step in to defend those weaker countries,Russia??? please ,or India??? don’t make me laugh harder, so yes despite your inferiority complex , for better or for worse it DOES begin and end with the U.S.A. and though it’s not perfect by any means I don’t see any other country in the world where millions of people would actually risk their lives for a chance to get into it.

    • mcpogo

      Dean C,

      Go easy on Tsunami. He has a good head on his shoulders! As for America being the centre of the Universe, that empire is dying at a steadily increasing rate. Canadians have been America’s best friends in the world, yet you continue to ignore us, belittle and downright treat us as if we were all country bumbkins! If our oil imports to the USA stopped, your country would stop within a month, you have even used up your strategic oil reserves. you can’t keep refinancing everything forever. If the average American actually got off his butt and educated himself about worldly matters instead of only what’s happening in their town and the almighty organized sport’s scores, they perhaps wouldn’t view what your almighty governments have done to your country in the name of “freedom and patriotism!”. America is bankrupt; if it’s massive (unaffordable!) military wasn’t butting in all over the world (+/- 800 “garrisons” around the world to support your parasitic international corporations interests) a lot of nations in need would get along just as well if those were gone. The rest of the world is surviving just nicely thank you, except for those who introduce those patently American Ponzi schemes call Stock Markets. The world doesn’t need your political/military industrial crime family that even your own military/political hero Dwight D. Eisenhower tried to warn ordinary Amercans to be wary of “beware the military/industrial complex!”. Well the buzzards are coming home to roost and the American dollar will soon be worthless on world currency exchanges. Just because you can print trillions of paper dollars doesn’t matter a fig to everyone else, it’s worth less every day. Who knows…the “world currency basket” as a global currency sounds pretty good now! I’,m not trying to be rude, just honest as to how the rest of us really think.

  • Ol Fuddie Duddie

    To the Canadian above who began buying silver at $17.00 per oz. I saw the light in the 1980′s and bought 100 Canadian one ounce Silver Maple coins never worth less than $5.00 ea. I later bought 300 hundred 1 ounce silver rounds for around $4.00 per oz. and on our 25th wedding anniversary, our children bought us a 25 oz. silver bar for around $8.00 an ounce.

    On our 50th Wedding Anniversary, we got a nice party and a large card with a golden border and trim. Needless to say, we should have bought gold at $35.00 per ounce back around the early 1970′s. I think that we may have been able to raise enough cash to purchase 5 or 6 ounces, but when you are young, priorities get confusing.

    Here I sit on a very small $17,000 fortune of silver, waiting for it to hit $250.00 per ounce. Oh well, my kids will have something to talk about.

  • KHM

    Good ole’ Peter DeFazio represents my Congressional district, but not me. He is a founding member of the Progressive Caucus and a Democratic Socialist of America, need I say more?
    He has been in office for 25 years. We need to get rid of people like him.

  • Mad Max

    When the music stops. It won’t mater what you’re riding.

    I’m not afraid anymore!

    The Revolution has started -
    Read “Common Sense 3.1” at ( http://www.revolution2.osixs.org )

    FIGHT THE CAUSE – NOT THE SYMPTOM
    Spread the News…

    • mcpogo

      Like I said, unfortunately it seems one must tear it all down before you can fix it and rebuild it. Follow your Constitution, it was a pretty good document before big business and on-the-take politicians prostituted it! Most importantly, corporations are NOT living persons and SHOULD NOT EVER receive tax breaks! Then you might actually get a great country again. Go for it!

  • http://www.silverstealers.net Charles

    Beginning on August 9, 1934, Franklin Roosevelt seized 113,031,000 ounces of silver from the public. In 1926-1927 British India demonetized silver. In 1955 Dow Chemical was “leased” 19,780,000 ounces silver by the Treasury. In 1965 the Treasury promised to hold silver prices low for users. In 1980 the COMEX attacked silver. Many such events before and afterwards have an interconnecting link—these were actions taken against silver by members of the British Crown’s Pilgrims Society, which exists to “seize the wealth necessary” (Review of Reviews, May 1902, pp.556-558, goals of Cecil Rhodes).

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