Silver as an investment

ZeroHedge: Black Friday And The ‘Ferguson’ Effect

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Of the 10 days on which the FBI has conducted the most background checks since December 1998, two are the last two Black Fridays.


As WaPo reports, it’s not just Best Buy and JCPenney that sees throngs of Americans herding hungirly in anticipation of a ‘deal’, many hope for a discounted firearm at stores like Cabela’s – and guns make popular gifts. However, the flood of demand on Black Friday is actually a problem for the oh-so-efficient government…

In 2013, 186,000 people were allowed to buy weapons without a
background check at all, according to the AP, after the FBI was unable
to process their applications within the legal window of three days
. This year demand is even higher…



*  *  *

Nothing to see here, move along.

via zerohedge

ZeroHedge: The Only Way To Stop The Empire

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Submitted by Dmitry Orlov via Club Orlov blog,

The final days of US empire are fast approaching. Perhaps its end will pass slowly and gradually, or perhaps the event will unfold rapidly and catastrophically. Maybe chaos will break loose, or maybe its demise will be organized well and proceed smoothly. This nobody knows, but the end of empire is coming as surely as day follows night and sun follows rain. Overexpansion, overreach and over-indebtedness will take their toll—as all past empires have discovered. Empires are like bacteria in a Petrie dish; unthinking, unseeing, unfeeling, they expand until they run out of food or contaminate their environment with their waste, and then they die. They are automatons, and they just can’t help it: they are programmed to expand or die, expand or die, and, in the end, expand and die.

What does the empire feed on? It feeds on money and fear; your money and your fear, both obtained with your cooperation. It is bigger now than when it faced an actual adversary in the Soviet Union. Russia is no adversary; all it wants is to be a normal country, at peace with the world. But the empire won’t let it, will it? It must create enemies. Who are our enemies? According to the authors of endless war they are North Korea, Iran, Syria, and Islamic terrorists. Are any of them actually capable of threatening the US? Well, yes, but they are all quite easy to deter. But the plan of the authors of endless war is not to deter them; it is to back them into a corner with political instability and sanctions, while whipping up the population on both sides into fear-filled frenzy. (more…)

via zerohedge

RussiaToday: Ferguson unrest highlights debate over racial profiling across US


Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Americans angry over the Ferguson grand jury’s decision hold protest rallies amid ongoing Black Friday sales. Police make arrests as demonstrators block malls and disrupt shopping. RT’s Gayane Chichakyan takes a closer look at this new tactic used by the protesters.


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Did We Just Witness The Last Great Black Friday Celebration Of American Materialism?

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / By Michael Snyder on November 28th, 2014

Americans are going to spendmore than 600 billion dollarsthis Christmas season, and on Friday we got to see our fellow citizens fight each other like rabid animals over foreign-made flat screen televisions and Barbie dolls.  As disgusting as this behavior is to many of us, there may soon come a time when we will all fondly remember these days.  Most Americans are completely unaware of what is currently happening in the financial world, but right now there are deeply troubling signs that we could be on the verge of another major global financial collapse.  If the next great economic downturn does strike in 2015, that could mean that we may have just witnessed the last great Black Friday celebration of American materialism.  As you read this, stock prices are approximately double the value that they should be, margin debt is hovering near all-time record highs, and the “too big to fail” banks are being far more reckless than they were just prior to the last major stock market implosion.  So many of the exact same patterns that we witnessed back in 2007 and 2008 are repeating right now, and as you will see below, this includes a horrifying crash in the price of oil.  Anyone with half a brain should be able to see the slow-motion financial train wreck that is unfolding right before our eyes.

Every year, it has been my tradition to write an article about the mini-riots that erupt in retail stores all around the country on Black Friday.  This year things were a bit calmer because so many stores opened up on Thanksgiving itself, but there was still plenty of chaos.  For example,in the video posted below you can see women viciously fighting one another over discounted lingerie and underwear…


The post Did We Just Witness The Last Great Black Friday Celebration Of American Materialism? appeared first on Silver For The People.

Thanks to BrotherJohnF

ZeroHedge: Italy’s Temporary “Glass Half Full” Insanity

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

Yesterday it was the French, with record high unemployment and record low bond yields. Today, it is the turn of the Italians as the unemployment rate rose to 13.2% – the highest since records began – as bond yields continue to plumb new "lower rates will spur lending which will spur economic growth which will create jobs" lows…

As Bloomberg reports,

Renzi said today’s increase in the unemployment rate is partly due to more people starting to look actively for a job. The so-called “discouraged” workers who are not looking for work are not counted in the Istat jobless data.


“Unemployment data are worrying,” said Renzi, whose comments on the sidelines of an event in Catania were broadcast by SkyTG24. “We cannot deny the problems out there, still we shouldn’t see the glass half empty either.”

Is this worrying?


As we asked – entirely rhetorically – before – just what is it that ECB sovereign QE supposed to achieve?

*  *  *

As Reuters reports, deflation looms… (more…)

via zerohedge

Gold Daily and Silver Weekly Charts – Mugged

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / 28 NOVEMBER 2014

“He is the Napoleon of crime, Watson. He is the organizer of half that is evil and nearly all that is undetected in this great city.

Arthur Conan Doyle, The Final Problem

Gold and silver got mugged in very quiet trading for the end of the month, with most traders off on holiday.

If anyone was short gold or silver, their end of month results looked quite a bit better after today. So like the retailers they had their ‘Black Friday.’

Paper covers rock. Who’s got the scissors?

The Swiss will be voting on their referenda on Sunday. Among these are the gold referendum.

Next week is the Non-Farm payrolls for November.


The post Gold Daily and Silver Weekly Charts – Mugged appeared first on Silver For The People.

Thanks to BrotherJohnF

OPEC Presents: QE4 and Deflation

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

NPC Thanksgiving turkeys for the President Nov 26 1929 / by Raúl Ilargi Meijer / November 28, 2014

Thinking plummeting oil prices are good for the economy is a mistake. They instead, as I said only yesterday in The Price Of Oil Exposes The True State Of The Economy, point out how bad the global economy is doing. QE has been able to inflate stock prices way beyond anything remotely looking fundamental, but energy prices have now deflated instead of stocks. Something had to give at some point. Turns out, central banks weren’t able to inflate oil prices on top of everything else. Stocks and bonds are much easier to artificially inflate than commodities are.

The Fed and ECB and BOJ and PBoC may of course yet try to invest in oil, they’re easily crazy enough to try, but it will be too late even if they did. In that sense, one might argue that OPEC – or rather Saudi Arabia – has gifted us QE4, but the blessings of the ‘low oil price stimulus’ will of necessity be both mixed and short-lived. Because while the lower prices may free some money for consumers, not nearly all of the freed up ‘spending space’ will end up actually being spent. So in the end that’s a net loss as far as spending goes.

The ‘OPEC Q4′ may also keep some companies from going belly up for a while longer due to falling energy costs, but the flipside is many other companies will go bust because of the lower prices, first among them energy industry firms. Moreover, as we’re already seeing, those firms’ market values are certain to plummet. And, see yesterday’s essay linked above, many of eth really large investors, banks, equity funds et al are heavily invested in oil and gas and all that comes with it. And they are about to take some major hits as well. OPEC may have gifted us QE4, but it gave us another present at the same time: deflation in overdrive.

You can’t force people to spend, not if you’re a government, not if you’re a central bank. And if you try regardless, chances are you wind up scaring people into even less spending. That’s the perfect picture of Japan right there. There’s no such thing as central bank omnipotence, and this is where that shows maybe more than anywhere else. And if you can’t force people to spend, you can’t create growth either, so that myth is thrown out with the same bathwater in one fell swoop.

Some may say and think deflation is a good thing, but I say deflation kills economies and societies. Deflation is not about lower prices, it’s about lower spending. Which will down the line lead to lower prices, but then the damage has already been done, it’s just that nobody noticed, because everyone thinks inflation and deflation are about prices, and therefore looks exclusively at prices.


The post OPEC Presents: QE4 and Deflation appeared first on Silver For The People.

Thanks to BrotherJohnF

Black Friday for Precious Metals

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / By Jordan Roy-Byrne, CMT / 28 November 2014

Black Friday has a few meanings. It has the retail connotation and interestingly also marks a Friday in September 1869 when the Gold price plummeted after two speculators attempted to corner the market. Today wasn’t that bad for precious metals but it was a Black Friday given the severe selloff and the particular day and time of year. Gold declined over 2% and Silver lost nearly 7% while gold miners slipped 8% (GDX) and nearly 12% (GDXJ). Oil drove the decline but showed how vulnerable precious metals still are. Black Friday marked the end of the current rebound while raising the probability that Gold has yet to bottom.

For the miners the significance of the decline is best illustrated on the weekly candle chart. Below are GDXJ and GDX. Simply put, the miners rallied back to previous support and retested the recent breakdown. After rallying for three straight weeks the miners tested resistance in each of the past two weeks. New resistance held and has ushered in the next decline in violent fashion.


The post Black Friday for Precious Metals appeared first on Silver For The People.

Thanks to BrotherJohnF

Guyana Gold

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / Scott Wright / November 28, 2014  

South America has been a major beneficiary of the 2000s gold bull, party to some big discoveries by the mining companies flocking there.  Some of these discoveries have already been developed, with top-three producers Peru, Brazil, and Chile for example seeing their collective gold output increase by 25% since 2001.  And some are in the pipeline, with production on the horizon.

These pipeline projects come in all sizes and are scattered across the continent.  Naturally there are many located within the borders of the top three.  But many reside elsewhere, including such exploration hot spots as Argentina and Colombia.  One of South America’s finest development-stage projects belongs not to the aforementioned major countries though.  It resides in Guyana, a small sparsely-inhabited nation that many folks are unfamiliar with.

The few people who have heard of Guyana are the ones who recollect a key event in modern US history.  But I’m sure the Guyanese aren’t thrilled that the event defining their country was the infamous Jonestown massacre, an ordeal that involved the only-ever assassination of an active-duty US congressman.

Also in the US, reality-TV junkies recently got familiarized with Guyana as the backdrop for a season of Discovery’s wildly popular show Gold Rush.  In 2013 Guyana produced in the neighborhood of 450k ounces of gold, mostly from small-scale mines.  If the artisanals could do it, so could Gold Rush star Todd Hoffman and team right?

Hoffman’s team failed miserably, producing only enough gold to pay the cab fare back to the airport.  Though this failure was mostly self-induced, and entertaining, viewers did get to witness the challenges of mining in a dense tropical rainforest.  Guyana’s artisanal miners, known locally as pork-knockers, must work very hard to scrape the gold out of the ground.

Guyana’s artisanal success has attracted more than greenhorns like Todd Hoffman though.  It has garnered commercial attention from larger mining companies seeking to find the source deposits.  These geologically savvy companies see the big picture of what Guyana has to offer.  They understand the prolific Guiana Shield, and its propensity to host greenstone belts full of near-surface mineral deposits highly concentrated with gold.  And most importantly, they recognize how vastly underexplored this country truly is.

Aptly named Guyana Goldfields is one company willing to take on Guyana’s challenges in order to score a source deposit.  Founder and current Executive Chairman Patrick Sheridan was an early mover into this country, with his team commencing exploration back in the mid-1990s.  And their watershed event was the 1998 procurement of the Aurora project.

Gold mineralization was actually discovered at Aurora over 100 years ago.  It even saw a bit of mining in the middle of the 20th century, to the tune of approximately 100k ounces.  But it didn’t really see any modern exploration until right before Guyana Goldfields took over.

It took several years to build up some exploration momentum considering the state of the gold market around the turn of the century.


The post Guyana Gold appeared first on Silver For The People.

Thanks to BrotherJohnF

We Are Closing In On Absolute Panic In The Gold Market

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / November 28, 2014

On the heels of the news that more European central banks are coming under enormous pressure to repatriate their gold held abroad, today Egon von Greyerz said we are closing in on absolute panic in the gold market.  Below are his comments about the stunning ramifications of what is transpiring.

Greyerz:  “Eric, I think 2015 will be the year when the world finally discovers that the emperor has no clothes because there is a total disconnect between reality and financial markets around the globe.  We have stagnant growth and there is no net investment anywhere in the West, and there is no investment in infrastructure in the West.  Private debts are at record highs and public debts are even bigger, and none of this will ever be repaid.  This is the backdrop even as financial markets hit new all-time highs….

Continue reading the Egon von Greyerz piece below…


The post We Are Closing In On Absolute Panic In The Gold Market appeared first on Silver For The People.

Thanks to BrotherJohnF