Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

GoldSeek.com Radio: John Williams and Louis Navellier, and your host Chris Waltzek
By: radio.GoldSeek.com

Gold Market Update
By: Clive Maund

Technical Scoop - Weekend Update Nov 19
By: David Chapman

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression
By: Chris Powell

The Great Retirement Con
By: Adam Taggart

Perspective on the Gold/Oil Ratio, Macro Fundamentals and a Gold Sector Bottom
By: Gary Tanashian

Global Silver Investment Demand Maybe Down, But Still Double Pre-2008 Market Crash Level
By: Steve St. Angelo

Secular Bull Stock Market?
By: Gary Savage

Gold Seeker Weekly Wrap-Up: Gold and Silver Gain Over 1% and 2% on the Week
By: Chris Mullen, Gold Seeker Report

Ira Epstein's Metals Video 11 17 2017
By: Ira Epstein

 
Search

GoldSeek Web

 
Boiling Down The Narratives


 -- Published: Sunday, 28 June 2015 | Print  | Disqus 

By Dr. Jeffrey Lewis

Charlie, a long term subscriber sent me the note Iíve included below.

I decided to share it with you because Iím tired. Iím tired of conceding to the mainstream view. 

I often find myself apologizing for the emotion and struggling to keep it all professional. To keep a cool head, stick to the facts, honor the investment implications and serve the interests of readers. 

Just this past weekend, I had one of these conversations you have all had from time to time. The one where you end up defending a network of feelings tied in with a complicated conspiracy. 

I found myself rationalizing the merits of silver and gold as part of an investment portfolio much like water and food are part of an earthquake kit. But, as most of you reading this know, itís all very much deeper than that. 

Often, simple the act of taking possession of this investment is enough to awaken the imagination to the deeper reality.

No doubt you are familiar with my subscribers experience. There are many aspects - each coming from a rich narrative. 

One example is the coming end of the dollar. Where the only real opposition left comes from the argument that world super powers simply Ďwantí the benefit of a fiat system - power with no limits. And therefore it will go on for some time longer. 

Perhaps this is so. But history is cyclical. And it always depends on which part of the cycle you are located. 

At the moment, physical silver and gold are simply cheap investment and life options. 

They are cheap because the mechanism by which their price is determined is flawed, corrupt and gamed. Itís been this way for decades. The evidence is simple, clear, and out in the open.

Upon deeper realizations, which usually come full force with physical possession, we come up from the rabbit hole and find that we should be taking our emergency preparations more seriously, as the emergency is here and now. 

Dr. Lewis, 

I have been reading your articles as you publish them here and there.  I particularly liked your romp through an investing history, which is similar to mine:   well-selected blue chip stocks, good mutual funds, US Treasury bonds -- the whole nine yards.  

Then I woke up in the late 1970s, and began to see what was going on.  I bought small gold bars and larger silver bars through a broker, but never took possession.  I had the guarantee I could claim it anytime I wanted it, but it was safer in a vault somewhere in Delaware.  If I wanted to take possession, an assay was required which I had to pay for.  Imagine that in this age where tungsten bars covered with a thin layer of gold, are substituted for real gold bars!  

As soon as gold and silver eagles began to be minted in the mid 1980s I switched to them, and took possession.  Whenever my wife and I got a chunk of money, we bought gold and silver eagles and always took physical possession of them.  When our respective parents died, we took all of our inheritance money and bought gold and silver eagles.  So we are 100 % in gold and silver, and keep only enough money in our checking account to pay our usual monthly bills.  We also keep some survival cash stashed in a hiding place in our house in case the bank doesn't reopen on a Monday morning, which is sure to come someday.  Additionally, we have a bag of "junk" silver, pre-1964 dimes, to use for cash when "cash" will be gone.  (A silver dime will probably buy a tank of gasoline when this happens.)  Our gold and silver eagles are hidden away securely in a secret, but easily accessible place.

The dollar is dead.  All it has to do is fall over and then everyone will recognize its demise.  We are ruled by a bunch of elites.  We have two militaries, the Pentagon branch, and the "Langley-based" (let the reader interpret), mercenary branch that is behind all the trouble in Ukraine, Syria, Iraq, and other places.  The only reason the dead dollar hasn't fallen over yet is the wars we fight to keep the cadaver-dollar standing upright.  But topple, it will, and the eastern powers of china and Russia are poised to set up a new world trade system based on "gold trade notes."  Russian and china lie about how much gold they have.  the estimates of what they really have is about 30,000 tons each.  the new currency will be gold and silver backed.  the platform for this new trade system backed by gold and silver is coming relatively soon.  the USA will become a third-world country with Zimbabwe currency.  Fort Knox has been empty since the Clinton-Ruben administration emptied it to pay, what were then, the bills.  Now there is nothing real left to use, so we print.  It will be a dangerous mess in the USA for quite some time after the "currency reset."  there will be massive supply interruptions and shortages of everything from food to gasoline.  in Europe, one way or another, their fiat Euro will also fall, if not through a "Grexit," then by some other fast-approaching event.  As you put it, the dollar is the cleanest dirty shirt in the world's fiat-currency hamper right now, but that will mean nothing when the soon-to-come currency storm begins.  

When this is all over, and the dust settles, I see at a minimum of $250 silver and $5,000 gold, but we will be living in a totally new and different world.  At 74, I may not live to see it, but at least I have a chance if God grants me a few more years.

Right now, both the silver and gold price is at or near-below production costs.  Some mines are shutting down; ones under development are on hold; and exploration has, for the most part, dried up.  Therefore, the production capacity for the coming even more increased demand will not be there, and prices will spike wildly.

Thanks,

Charlie



http://www.silver-coin-investor.com/


| Digg This Article
 -- Published: Sunday, 28 June 2015 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.