I wish Tyhee had Silver too.
posted on
May 27, 2008 01:55PM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
I am not complaining but it would be a nice dividend.
SILVER BIG BANG
Lorenzo Montana
May 27, 2008
Physicists will tell you that the sound of the original BIG BANG is still reverberating throughout the Universe, 13 billion years after it occurred. I love a big bang! It impresses the hell out of me. The SILVER BIG BANG is about to occur. It will be on a much smaller scale; nevertheless, it will be one for the history books and it will reverberate for a few generations! It will be a huge one that roars and shakes the ground under you! Like the last firecracker at a fireworks display! I missed THE BIG ONE, but I intend to be around for the price explosion in silver! Are you ready for it? No, you won?t need ear plugs, or plywood for the windows; but you do need protective gear! Lots of silver coins, bars and some gold and silver mining stocks (some speculative risk in the latter)! You won?t have to listen for it; you will hear and feel it when it happens! It will generate such massive air displacement that all politicians and banksters will be blown away (hopefully). It will give you goose bumps all over and make your hair stand up on your head and arms. It will swoosh around the globe as a blast from a hurricane wind. The fuse was lit in 1913: the usurping of the right and power of the people to create and extinguish money and giving to a central bank the power to create irredeemable paper money was the match that lit it up! The banksters and politicians are sitting on top of U.S. $ 600 Trillion + of worthless derivatives globally that have turned into the mountain of TNT that is about to blow! The fuse is short now and the sparks are at the barrel! STAND BACK!Silver and gold have been money for thousands of years and always the money of last resort when paper fiat money begins to fail. Silver is still the CONSTITUTIONAL MONEY of the United States, although this has been largely ignored and badmouthed for the last 75 years. All currencies now are failing in competitive devaluations, losing value at increasingly high speeds. Now central banks and national governments will be looking to increase their gold reserves to eventually be able to back their paper currencies (Argentina, South Africa, Russia, China, The Arab kingdoms, etc) and to rebuild their strategic stockpiles of silver and gold which have now all but disappeared into private hoards.
Silver is unique in the investment world. I don’t know of any other investment that can eliminate the need for any and all other investments for the rest of one’s life, and also the lives of the children and grandchildren. Yes, that’s correct! The most insightful projections are for increasing monetary/investment Demand for the next 30 years and as far as the eye can see! Silver can be stored in your backyard; but try to do that with hundreds of barrels of oil! Silver can be neither manufactured nor printed out of thin air like paper money! And it practically guarantees a high rate of gain in value yearly over the very, very long term! (PLEASE RE-READ THIS PARAGRAPH AS OFTEN AS YOU NEED TO GET THE FULL IMPLICATIONS)!!!
So, you see? It doesn’t matter what happens to base metals; it doesn’t matter if we have bull or bear general markets; recession, depression, hyperinflation, none of these things will negatively/seriously affect the price of silver. It is terrific insurance in terms of purchasing power on its own regardless of anything else! This is not to say there won’t be dips and pullbacks still. There will be; and those are par for the course in bull markets; but the general direction will be up for a very, very long time! I can’t think of anything else to compare!
Do not count on our governments to save your individual bacon. If you walk around with your eyes open you know that. We have to save ourselves or be ready to accept a New Orleans/Katrina-like experience of government caring: concentration/internment camps where one is left totally defenseless and vulnerable. Governments always try to save themselves first! They ?secure the perimeter? and prevent help from reaching the victims of disaster!!What is scarier (and I do get scared for those who are unprepared) is a possibility of a 30-50% drop in the value of the U.S.dollar bringing on a global monetary/banking crisis and capital controls. This is when governments take control of bank accounts, safety deposit box contents, ETFs and other fund