http://www.goldclubasia.com/forum en Tue, 07 Sep 2010 20:55:02 GMT vBulletin 60 http://www.goldclubasia.com/forum/images/misc/rss.jpg http://www.goldclubasia.com/forum http://www.goldclubasia.com/forum/showthread.php?t=5934&goto=newpost Tue, 07 Sep 2010 15:19:42 GMT Hi All, We should boycott US Comex silver and gold trading price since this is the case and Comex cant prove otherwise.. They are under... Hi All,

We should boycott US Comex silver and gold trading price since this is the case and Comex cant prove otherwise..

They are under pressure to short and long the metal also, although previously they short usually.

Physical delivery of silver and gold is still the best..


http://news.silverseek.com/SilverSeek/1283447660.php

Nuts and Bolts of COMEX Silver Manipulation

By: Bix Weir


-- Posted 2 September, 2010 | Share this article| Discuss This Article - Comments: 6 Source: SilverSeek.com




The silver market is one of those puzzles that continues to challenge our understanding of free market concepts because it is MASSIVELY volatile for such a stable supply/demand dynamic. When was the last time you heard of a gigantic silver discovery that would drastically increase the supply of silver? Or a new manufacturing technology that will replace the ever increasing demand for industrial silver? Let me save you some time...you have never heard of any drastic changes in the supply/demand equation. So why are silver prices so volatile when everything else related to physical silver isn't?

Taking a deep look at the details of COMEX silver trading can be very illuminating as to why but when you understand what is really going on... it is downright infuriating! I've put together a rare glimpse into what REALLY happens when buyers and sellers get together to make a market in silver on the COMEX. I hope you are sitting down because this covers just 5 MINUTES of a ordinary trading day...
September 1, 2010: COMEX silver traded sideways almost all day. This is predictable as there was no earth shattering news of a huge discovery or massive industrial purchase coming out of the mainstream media. Other than a brief spike up to 19.535 at 8:38:07 (likely people were trying to make a run at the highs in both gold and silver) the market was drifting down a bit, and traded in a tight range between 19.35 and 19.40. Ho hum.
Suddenly, the trading action changed dramatically. Starting at 13:20:00 (5 minutes before the COMEX floor close in silver), someone started to press the market down, and they in fact got a print at the low of the day at 19.32. To accomplish this they had to sell 215 contracts. Did someone panic OR was this a manipulation of the price lower (which is illegal)?
Then, turning on a dime at 13:22:30 (2.5 minutes before the COMEX floor closed), they started buying all available liquidity. At this time of day (final two minutes), the market participants and market makers are the most active. It's the highest liquidity in the day. So, they started buying all they could, and drove the price quickly back up to 19.40. They didn't go above that price. They just bought all they could for the final 2.5 minutes, gingerly, not wanting to rally above 19.40. In the end they had bought 853 contracts.
When the dust settled they basically were able to buy a net 638 contracts in the final 5 minutes of COMEX silver trading, without causing a price rise. They were able to do this, since they knew when the potential liquidity would be the largest of the day, and they started with a head-fake down move, to get extra sellers. If they had simply started buying, they would have created a much larger price rally.
This "play by play" account really shows the nuts and bolts of manipulation as it happens. When you equate this to physical silver the numbers are staggering. This was basically a paper dump of 1,075,000 oz of silver to rig the price lower hitting stop losses and the clueless panickers only to buy back 4,265,000 oz of silver within minutes. The net effect... 3,190,000 oz of silver bought ALL IN 5 MINUTES WITHOUT EFFECTING THE PRICE OF THE METAL!
They are clever crooks but they are crooks none the less. I think this also shows that someone really is trying to buy (or cover shorts) as best they can, without pushing the price up too quickly. The likely culprit is our friends over at JP Morgan. They probably didn't even reduce open interest. Just passed the "hot potato" short positions to someone else. Mostly market makers or maybe even others they collude with to hide the gigantic short position.
As JPM appears to be working hard to thin their position, the shorts are being spread around (since the open interest hasn't contracted). Since most folks don't have exceedingly deep pockets (other than huge banks), they don't have an appetite for big losses. As such, they will likely add to the buying frenzy a lot faster than JPM would have when we take out key levels on the upside.
Many professional traders might say this is just "smart trading" but there is a fundamental problem here. These gigantic trades are not representative of the underlying physical market in silver! There is a massive physical silver shortage in the world and having the CFTC sit back and watch as millions of ounces trade hands in a matter of minutes is outrageous. I'm not saying that someone shouldn't buy 4M oz of silver in 2 minutes BUT to do it in a way that is manipulative to the price of silver is ILLEGAL any way you slice it.
It seems that although the CFTC gained new powers to oversee the silver market and stop the manipulation...they are reluctant to use them. Here is Bart Chilton talking about the NEW laws that prohibit "disruptive trading practices".
3:40 "The last thing I wanted to mention is this thing called "disruptive trading practices'"
3:50 "When I say manipulation standard I mean going after these folks who try to push around these markets to make a buck for themselves or their company"
4:12 "It gives us the authority to go after manipulation and manipulation like practices. These disruptive trading practices. It will allow us to put folks in jail, it will allow us to find them and it will make this market better."
As you can see from the trading analysis above nothing has changed when it comes to "business as usual" on the COMEX silver trading floor.
Come on Bart...TIME TO DO YOUR JOB!!!
In the mean time the US is in final preparations to return to a new gold standard (http://www.roadtoroota.com/public/350.cfm) and from my analysis we should see it happen before the end of THIS year.
As for the future of Silver trading on the "CRIMEX"...let's just say there won't be a lot of happy people when they try to cash in their COMEX paper for physical silver. Caveat Emptor!
May the Road you Choose be the Right Road.
Bix Weir
www.RoadtoRoota.com ]]> silvergold http://www.goldclubasia.com/forum/showthread.php?t=5934 http://www.goldclubasia.com/forum/showthread.php?t=5933&goto=newpost Tue, 07 Sep 2010 11:44:23 GMT http://www.coinnews.net/2010/09/06/2011-australian-kangaroo-gold-coins/ Not sure UOB will be available on 14th of Sep though... http://www.coinnews.net/2010/09/06/2...oo-gold-coins/

Not sure UOB will be available on 14th of Sep though... ]]> keat1979 http://www.goldclubasia.com/forum/showthread.php?t=5933 http://www.goldclubasia.com/forum/showthread.php?t=5932&goto=newpost Tue, 07 Sep 2010 06:27:18 GMT Sep 6, 2010 Richard Mills Investors are starting to realize that gold is a storehouse of value and a safe haven in times of turmoil. Gold’s price... Sep 6, 2010
Richard Mills

Investors are starting to realize that gold is a storehouse of value and a safe haven in times of turmoil. Gold’s price has risen because of the abuse and mismanagement of our monetary and currency systems - throughout history, gold has always shone the brightest when trust breaks down, confidence falls and fear climbs.
Full article here (External link)

More... ]]> admin http://www.goldclubasia.com/forum/showthread.php?t=5932 http://www.goldclubasia.com/forum/showthread.php?t=5927&goto=newpost Tue, 07 Sep 2010 01:10:39 GMT Aug 09, 2010 Frank Holmes Global economic conditions are now favorable for gold as a safe-haven investment. The U.S., Western Europe and Japan... Aug 09, 2010
Frank Holmes

Global economic conditions are now favorable for gold as a safe-haven investment. The U.S., Western Europe and Japan are close to buckling under the weight of their sovereign debt loads, government budget deficits remain large and persistent and, as a result, faith in major paper currencies is low.
Full article here (External link)

More... ]]> admin http://www.goldclubasia.com/forum/showthread.php?t=5927 http://www.goldclubasia.com/forum/showthread.php?t=5926&goto=newpost Tue, 07 Sep 2010 01:10:39 GMT Aug 09, 2010 TheStreet.com Silver is expected to remain bullish this week, supported by technical indicators, a weak dollar and weaker China... Aug 09, 2010
TheStreet.com

Silver is expected to remain bullish this week, supported by technical indicators, a weak dollar and weaker China economic data.
Full article here (External link)

More... ]]> admin http://www.goldclubasia.com/forum/showthread.php?t=5926 http://www.goldclubasia.com/forum/showthread.php?t=5925&goto=newpost Tue, 07 Sep 2010 01:10:39 GMT Aug 22, 2010 James Turk If someone were manipulating the silver market, you would see exactly what has actually occurred in silver over the... Aug 22, 2010
James Turk

If someone were manipulating the silver market, you would see exactly what has actually occurred in silver over the past several days.
Full article here (External link)

More... ]]> admin http://www.goldclubasia.com/forum/showthread.php?t=5925 http://www.goldclubasia.com/forum/showthread.php?t=5924&goto=newpost Tue, 07 Sep 2010 01:10:39 GMT Sep 3, 2010 Egon von Greyerz Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that... Sep 3, 2010
Egon von Greyerz

Fundamental and technical factors for gold are now in total harmony and gold is entering a virtuous circle that will drive the price up at its fastest pace since this bull market started in 1999.
Full article here (External link)

More... ]]> admin http://www.goldclubasia.com/forum/showthread.php?t=5924 http://www.goldclubasia.com/forum/showthread.php?t=5923&goto=newpost Tue, 07 Sep 2010 01:10:39 GMT Sep 3, 2010 Richard Mills For the last decade, Endeavour (EDV: TSX) has been the architect of numerous equity financings and acquisitions in... Sep 3, 2010
Richard Mills

For the last decade, Endeavour (EDV: TSX) has been the architect of numerous equity financings and acquisitions in the junior gold sector. Over the years, the company has proven to be a savvy dealmaker, participating in M&A transactions valued at over US$28 billion. In October 2009, EDV paid US$58.3 million for 55% ownership (average cost of C$0.33/share) of Etruscan Resources (EET-TSX) – a West African gold miner.
Full article here (External link)

More... ]]> admin http://www.goldclubasia.com/forum/showthread.php?t=5923 http://www.goldclubasia.com/forum/showthread.php?t=5922&goto=newpost Mon, 06 Sep 2010 14:46:19 GMT Tube of 20 @ S$660/- Available from my ebay listing:... Tube of 20 @ S$660/-

Available from my ebay listing:
http://cgi.ebay.com.sg/US-American-S...item27b4c92bcb

***ALL SOLD in a Jiffy! Thks!*** ]]> AgAu http://www.goldclubasia.com/forum/showthread.php?t=5922 http://www.goldclubasia.com/forum/showthread.php?t=5921&goto=newpost Mon, 06 Sep 2010 13:50:04 GMT *very very very cheap silver going to extinct soon, but relative not expensive silver will still exist for abit of time..*... very very very cheap silver going to extinct soon, but relative not expensive silver will still exist for abit of time..
http://economictimes.indiatimes.com/...ow/6506495.cms

Gold recovers on firm global cues; silver eases
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Topics »silver|gold|bullion
NEW DELHI: Gold prices recovered by Rs 90 on Monday to trade at Rs 19,230 per ten gram in the bullion market here on buying by jewellers and stockists amid firming global trends.

Silver, however, declined by Rs 40 to Rs 31,350 per kg on reduced offtake by industrial units and coin makers.

Trading sentiment turned better after gold gained in London due to weakness in dollar, marketmen said.

Gold in global markets, which normally set a price trend on the domestic front, added 3.40 dollar to 1,250.15 dollar an ounce.

Gold of 99.9 and 99.5 per cent purity rose by Rs 90 each to Rs 19,230 and Rs 19,130 per ten gram respectively. It had lost Rs 265 in previous two trading sessions. Sovereign remained flat at Rs 15,000 per piece of eight gram in restricted buying.

Silver ready lacked necessary buying support from industrial units and lost Rs 50 to Rs 31,350 per kg and weekly-based delivery by Rs 35 to Rs 31,365 per kg.

However, silver coins attracted buying support from coins makers and rose by Rs 200 to Rs 35,200 for buying and Rs 35,300 for selling of 100 pieces. ]]> solidsilver http://www.goldclubasia.com/forum/showthread.php?t=5921 http://www.goldclubasia.com/forum/showthread.php?t=5920&goto=newpost Sun, 05 Sep 2010 15:11:38 GMT http://www.godlikeproductions.com/forum1/message1149047/pg2 Anonymous Coward User ID: 724392 United States 7/31/2010 6:41 PM Report Abusive... http://www.godlikeproductions.com/fo...age1149047/pg2


Anonymous Coward
User ID: 724392
United States
7/31/2010 6:41 PM
Report Abusive Post
Report Copyright Violation Re: TED BUTLER: "JPMORGAN COVERING SILVER SHORT POSITIONS like crazy" Quote

So OP explain us :

What does it mean ??

What's going on ???


Thanks
Quoting: Anonymous Coward 1053999



Pretty simple:

Beg, borrow and steal to buy as much silver as you can.

In descending order of preferability:

1. Silver Eagles or Maple Leafs
2, Junk silver coins
3. Silver rounds
4. Silver bars
5. Shares in SLV - particularly with pretax dollar 401k contributions if possible
6. Shares in CEF (half silver/half gold)
7. Mining stocks for leverage


Your mileage may vary.

Anonymous Coward (OP)
User ID: 1052976
Argentina
7/31/2010 6:45 PM
Report Abusive Post
Report Copyright Violation Re: TED BUTLER: "JPMORGAN COVERING SILVER SHORT POSITIONS like crazy" Quote

tHIS THREAD means:

It seems that according to top precious metals analysts, the recent correction in precious metals is being used to "retreat", and buy all the short positions "like crazy" as Ted Butler said.

IT probably means that 1150 U$S level for gold was their objective and we maybe going up from now for gold and silver

Anonymous Coward
User ID: 1044765
United States
7/31/2010 6:48 PM
Report Abusive Post
Report Copyright Violation Re: TED BUTLER: "JPMORGAN COVERING SILVER SHORT POSITIONS like crazy" Quote


So OP explain us :

What does it mean ??

What's going on ???


Thanks



Pretty simple:

Beg, borrow and steal to buy as much silver as you can.

In descending order of preferability:

1. Silver Eagles or Maple Leafs
2, Junk silver coins
3. Silver rounds
4. Silver bars
5. Shares in SLV - particularly with pretax dollar 401k contributions if possible
6. Shares in CEF (half silver/half gold)
7. Mining stocks for leverage


Your mileage may vary.
Quoting: Anonymous Coward 724392




If you are confined by a 401k, try to get into miners.

SLV is a shorting vehicle used by these criminals.

Anonymous Coward
User ID: 724392
United States
7/31/2010 6:48 PM
Report Abusive Post
Report Copyright Violation Re: TED BUTLER: "JPMORGAN COVERING SILVER SHORT POSITIONS like crazy" Quote


when has ted not been saying something similar? not in the past 4 or 5 years that i've been paying attention. he'll be right at some point, certainly, as the gold/silver price manipulation scheme can't last forever (specially in light of the CFTC hearing and open admission that gold is a fractional reserve market with less than a 1% reserve ratio), so probably sooner rather than later, but puhhhhhhlease i've seen enough COMEX collapse type threads to last me 3 lifetimes.
Quoting: Anonymous Coward 1054109



It has never come this close before to a tipping point.

We now have:

1. A commissioner on record as saying he supports position limits

2. A Federal Law which he can point to as DIRECTING him to do so.

3. Data from the government's own reports documenting a fundamental change in the structure of the market -- ie "JP Morgan covering like crazy"

Butler has promised a forthcoming article to his subscribers about the sings he sees for the "trump card" -- physical shortage leading to an industrial buying panic.

Silver is alone as a commodity that is INELASTIC to price and to demand:

if demand goes through the roof, supply CANNOT ramp up quickly
if price goes through the roof, demand may actually go up, and will NOT go down -- silver is an essential ingredient in many applications at miniscule cost to the application as a whole ]]> solidsilver http://www.goldclubasia.com/forum/showthread.php?t=5920 http://www.goldclubasia.com/forum/showthread.php?t=5919&goto=newpost Sun, 05 Sep 2010 14:56:20 GMT http://commoditybullmarket.blogspot.com/2010/06/3-reasons-you-should-buy-silver-right.html 3 Reasons You Should Buy Silver Right Now With... http://commoditybullmarket.blogspot....ver-right.html

3 Reasons You Should Buy Silver Right Now
With sovereign nations around the globe printing money as fast as they can, what should you invest in to protect your savings? Gold?



What about silver? Unlike gold, it's actually far below it's all time high - and very cheap when compared with gold right now.


To explore the silver market further, we turn to Jeff Clark, our precious metals expert. Jeff believes silver is indeed a good play right here - read on to learn why...

The 2010 Silver Buying Guide

By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report

Silver has been sizzling and causing lots of buzz in the industry. Investors are excited.

Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low.

This excitement has spilled over into greater investment demand – especially so for coins. The U.S. Mint sold more Silver Eagles in the first quarter of this year – just over nine million – than any prior quarter in its history. The Royal Canadian Mint produced 9.7 million silver maple leafs in 2009, also a record.

Take a look at the jump in U.S. Mint coin sales since 2007.



Silver bullion ETFs are growing, too, experiencing a five-fold increase in metal holdings since 2006.

There’s plenty we could talk about with silver, but our goal is to make money. So let’s focus on answering just two questions: Is today’s price expensive or cheap? And, what are the best silver coins, ETFs, and stocks to own?

We have all the answers straight ahead, including lots of actionable info, so let’s jump right in...

Why Should I Buy Silver?

There are several reasons to own silver in addition to gold.

:D

In the latter part of the 1970s precious metals bull market, gold gained over 700% – but silver soared over 1,400%. If you’ve got a bit of Gordon Gekko in you, we recommend investing a portion of your dollars in silver.

Caution - Hot!

Like all things, silver has its drawbacks, two in particular.

First, the price is volatile. Over the past 12 months, silver has seen gains of 53.8% and 22.9% and drops of 21.9% and 19.6%, all within a period of months or even weeks.

If you’re going to own silver, you must be prepared for big price gyrations. The best way to do that: buy it and forget about it. And...

►Make price volatility your friend. Big price swings present the opportunity to snag silver at a big discount. We give some guidance on prices below.

Second is the storage issue. As your pile grows, the advantage to storing gold will become self-evident. At $1,200 gold and $18.50 silver, $10,000 will get you eight gold eagles that will fit nicely in the credit card slots of your wallet; however, it will buy 540 silver eagles, weigh nearly 34 pounds, and fill a small bank safe deposit box.

►How to store physical silver. There are several ways to solve the storage dilemma, even if you plan to buy like the Hunt brothers.

1. Spread your holdings around. Not only is it wise to avoid keeping all your physical silver in one place, diversifying your storage arrangements allows you to buy more. Hide some at home in several locations (no cookie jars, though), and obviously tell only one trusted person. Store some in a bank safe deposit box and use more than one bank as your holdings grow.

2. Buy bars. Silver bars take up less space than a pile of coins of the same weight. We wouldn’t start out with nor have all our holdings in bars, because you want the advantage coins offer. But the larger your holdings, the easier it will be to store some of it in bar form.

3. Use pool accounts and unallocated storage. With a pool or unallocated account, you’re essentially getting free storage no matter how big your stash. That’s hard to beat. You’ll pay fabrication and delivery charges if/when you convert your holdings and take delivery, but in the meantime, you save on storage costs. Great value for the large holder.

4. Private storage. Store your silver with a private vaulting company. The advantage is that it’s outside the banking system; the disadvantage is that it’s usually expensive, though it can be cost effective for large holdings. Do your own due diligence if you go this route because we can’t vouch for any facility, but you could start by checking out delawaredepository.com. Keep in mind that using a vaulting facility beyond a reasonable driving distance will mean added shipping/insurance costs and restrict quick access.

Is Now a Good Time to Buy?

With the gains we’ve seen in silver, would we buy right now?

Let’s first look at the big picture. The following chart shows how far silver is below its inflation-adjusted peak reached in 1980.



Another clue some investors watch is the gold/silver ratio (gold price divided by silver price) shown below.



Since our current bull market in precious metals began in 2001, the ratio, while fluctuating wildly, has never gone below 45. And yet look where it went during the precious metals peak in 1980: it bottomed at 17. Even though gold was soaring at the time, silver outran it.

The ratio might show relative strength between gold and silver, but it’s not a good buying indicator. A falling ratio could mean silver is rising faster than gold, like it is currently, or it could mean silver is falling slower. As a result, we’d use the ratio to determine silver’s upside potential but not necessarily when to place an order.

These big-picture signals tell us silver is undervalued and, at the moment, a better bargain than gold. And given the currency crisis we’re convinced is in the cards, we wouldn’t want to be caught without any. If you have a long-term mindset, silver is a buy today.

Would we wait for a better price?

If you do not own any, and plan on holding what you buy until a mania develops, then we wouldn’t wait. The risk of buying silver at current prices is lower than owning none at all.

If you do own some but want to add to your holdings, we’d probably wait for a drop in price, in part because silver could more easily fall when the economy is found to be more fragile than what many believe. And with industrial uses comprising approximately half of silver’s demand, it would be more susceptible to sell-offs than gold if our research is correct about global economies.

Further, summer usually brings pullbacks in prices, and this can be especially true for silver stocks. This is the tendency, though we can’t be sure if this summer will follow past trends. Still, our best guess is to anticipate another leg down this year. If you already own silver, we’d look for a correction to add to your holdings.

In our opinion, owning no silver in this bull market would be a mistake. And your first (and biggest) investment in silver should be in a physical form.

How much physical silver should you have? There’s no right answer and one size will not fit all. But we do recommend holding more gold than silver. Our suggestion for your precious metal holdings is roughly 80% gold and 20% silver.

Like gold, silver comes in different forms. We’d start with the more popular one-ounce coins and then branch out into other types as your holdings grow.

----
[The above is an excerpt from the May issue of Casey’s Gold and Resource Report. Find out our top recommended dealers, including special pricing, along with Jeff Clark’s picks for the “best silver ETF” and the “two best silver stocks in the world.” And our June issue is our annual Summer Buying Guide. You can check it all out risk-free, for just $39/year, with a 3-month, 100% money-back guarantee. Get it right here.]

Ed. note: I am a subscriber and affiliate of Casey's Gold and Resource Report. ]]> solidsilver http://www.goldclubasia.com/forum/showthread.php?t=5919 http://www.goldclubasia.com/forum/showthread.php?t=5918&goto=newpost Sun, 05 Sep 2010 14:51:33 GMT Why Silver Prices Are About To Drastically Increase :D *Of all asset classes, precious metals are the most undervalued and silver in particular... Why Silver Prices Are About To Drastically Increase
:D

Of all asset classes, precious metals are the most undervalued and silver in particular is one of the most undervalued commodities. Silver and gold have outperformed most asset classes, property, and equities when measured over three, five, and ten year periods. Silver is currently trading at just over $18 per ounce and forecasters believe it will soar to an inflation adjusted peak of $130 per ounce by 2015.

The reasons some analysts predict a drastic increase in silver prices are due to the floundering world economies, the declining silver supply, significant industrial demand, the role of silver as store of value, its use as currency, and increasing investment demand. When the global economy faces challenges and risks, investors buy silver and gold as a safe haven. This is evidenced by the recent drive to purchase gold coins and bullion.

Silver is not only a safe haven commodity, is has a role as currency and this monetary value cannot be devalued as paper money can. Silver has the distinction of being used as money for longer periods and in more places than gold. According to Nobel Laureate Milton Friedman, “The major monetary metal in history is silver, not gold.”


There are fewer than one billion ounces of refined silver in the world. More than 90 percent of what has ever been mined is used by industry. This industrial demand has continued to outpace silver supply during the past 20 years. Though production has recently remained flat, government supplies and other stockpiles have helped to keep the price down. These sources are running dry and if history is any indication, supply will not necessarily respond to the increased demand.

Investment demand has begun to impact the price of silver, with the iShares Silver ETF being largely responsible. This ETF represents over one-third of the global market for silver and increasing investments in it will likely drive silver prices higher. In addition, the short position in silver futures has grown so large that it must be resolved and this will lead to skyrocketing silver prices.

More on this topic (What's this?)
Silver Coin Investing: How to Turn “Junk” Silver into Your Treasure (Investment U, 7/21/10)
“Urgent Silver Opportunity” (Stephen Leeb) (Stock Gumshoe, 5/20/10)
Gold and Silver Ready to Fly? (Expected Returns, 8/17/10)
3 Reasons You Should Buy Silver Right Now (Blogging the Commodity Bull Market, 6/16/10) ]]> solidsilver http://www.goldclubasia.com/forum/showthread.php?t=5918 http://www.goldclubasia.com/forum/showthread.php?t=5917&goto=newpost Sun, 05 Sep 2010 14:46:30 GMT http://www.investmentu.com/2010/July/silver-coin-investing.html Silver Coin Investing: How to Turn “Junk” Silver into Your Treasure Guest... http://www.investmentu.com/2010/July...investing.html



Silver Coin Investing: How to Turn “Junk” Silver into Your Treasure

Guest Editorial by Glen Kirsch, Asset Strategies International
Wednesday, July 21, 2010: Issue #1306

“‘Ain’t it purty’ is not a good reason to buy.”

When we were children and our value system had yet to be formed, it appeared that what was shiny had greater appeal than something dull. Something large was usually more desirable than something small. Emotions had a tendency to override good judgment.

Think about it. The word “money” conjures up an image of gold, not silver – despite the fact that silver was used as money about 5,000 years ago, even before gold.

For the launch of the Gold Eagle in 1986, the U.S. Mint created a smash hit by copying the extremely popular Augustus Saint-Gaudens motif on the $20 gold coin of 1907-1933. Many people consider that Double Eagle the most beautiful gold coin ever minted.

Still, when discussing gold or silver investments, emotion sometimes overrules good judgment on the cost of an acquisition. But “ain’t it purty” often doesn’t mean it’s the best investment…

The U.S. Mint’s Silver Eagle Marketing Strategy

When the U.S. Mint launched the Silver Eagle, their marketers knew exactly which buttons to push to excite collectors/investors.

It’s no wonder that when it launched the Silver Eagle, the Mint copied the A. A. Weinman design for the Walking Liberty half dollar. Millions of those coins were minted between 1916 and 1947 and are still prized by collectors to this day.

It’s no surprise, therefore, that the one-ounce Silver Eagle was an immediate success. It quickly grabbed a large percentage of the legal tender silver coin market from the one-ounce Canadian Maple Leaf and the Australian Kookaburro.

But the success of the Eagle is another example of emotion overruling good investment judgment.

To understand why, let’s compare the one-ounce Silver Eagle to the top contender for the silver heavyweight championship – our old standby, the 90% silver coins that Uncle Sam minted until 1965. These dimes, quarters and half-dollars are known affectionately as “junk” silver. But there’s nothing “junk” about them.

Silver Investing Showdown: Eagles Versus “Junk”

The standard trading unit for “junk” silver is a bag of such coins with a $1,000 face value. Each bag contains 712 ounces of .999 silver. And as the price of silver has increased, so has the price of a bag.

With silver at $18 per ounce, a bag now retails for about $14,000.

This may be more than you wish to spend. Therefore, Asset Strategies International offers smaller quantities, too. You can purchase $100 face-value bags, which contain 71.2 ounces of silver. The premiums for these smaller quantities will be a bit higher, but they’re still less than the premiums for Silver Eagles. The following chart shows the comparison between the two…

Comparison Chart



Why “Junk” Silver is the Better Silver Investment

We consider both silver Eagles and “junk” silver as perfect “core holdings” for your precious metals portfolio. They both satisfy the criteria of being well-recognized and are legal tender.

Where they differ dramatically is the cost per ounce of the premium. For silver Eagles, it is common to see a premium of $2.50 per ounce or more. On the other hand, “junk” silver current sells for spot, plus a premium of approximately $1 per ounce. The premium can fluctuate depending on supply and demand, just like the spot price of silver.

So given a choice, which should you purchase for physical possession – silver Eagles or “junk” silver?

It’s clear to me that “junk” silver is the better buy, by as much as $1.50 per ounce.

It’s our job to teach our children and grandchildren the lessons we’ve learned. A $100 bag of “junk” silver would be a great way to start. In fact, I recommend that every family own at least one $1,000 face-value bag of “junk” silver, plus a $100 bag for each child.

What better way to pass on your appreciation of “real money” to the next generation? The coins are pretty to look at, lovely to hold and make a marvelous ringing sound when dropped on a table.

And by the time your children have children of their own, they’re likely to have grown substantially in value, too.

Good investing,

Glen O. Kirsch

Asset Strategies International

P.S. For more information about “junk” silver, please send us an e-mail, or call us at: 800.831.0007. We’ll be happy to answer any questions you may have and have also prepared a “junk” silver fact sheet with more details.

More on this topic (What's this?)
Why Silver Prices Are About To Drastically Increase (Learn Mining News, 8/10/10)
Getting A 10-20% Discount On Silver (Learn Mining News, 8/12/10)
“Urgent Silver Opportunity” (Stephen Leeb) (Stock Gumshoe, 5/20/10)
Read more on Silver, How To Invest at Wikinvest ]]> solidsilver http://www.goldclubasia.com/forum/showthread.php?t=5917 http://www.goldclubasia.com/forum/showthread.php?t=5916&goto=newpost Sat, 04 Sep 2010 02:17:16 GMT http://www.visualeconomics.com/gdp-vs-national-debt-by-country/ btw, USA debts exceeds 13 trillion already... Meaning it is exponentially... http://www.visualeconomics.com/gdp-v...bt-by-country/

btw, USA debts exceeds 13 trillion already... Meaning it is exponentially increasing... 13 trillion is 1300 000 000 000, wah!!




http://www.huffingtonpost.com/patric..._b_366811.html ]]> silvergold http://www.goldclubasia.com/forum/showthread.php?t=5916