Category: Buying Silver Bullion

Students Riot in London Over College Tuition Hikes, Teacher Pay Cuts, Italian Students Occupy Leaning Tower of Pisa

11.25.2010 Youtube Re-post by CK Hunter

Rage Against the EU European Union Is Building Across UK, Europe, Portugal, Ireland, Uk Students Riot 11.25.10

Italian Students Fill the Streets, March, Occupy Leaning Tower of Pisa

Tags: 2010 civil unrest london, riots in portugal, thanksgiving day riots london 2010, eu, students riot in uk, england, great britain civil unrest, eu bailouts, european civil unrest, eu euro collapsing

Ever Wonder Why Gold & Silver Are Skyrocketing? 2011 Projects 10.2 Trillion in Global Borrowing. That’s Why.

Copyright 11/16/2010 By CK Hunter

I am continually surprised by how little most Americans [including those with money] actually know about inflation, what it is, what it means, and how it devalues a currency over time. I shouldn’t be, though, many Americans have now taken to the horrendous habit of actually buying their groceries with credit cards, something just too insane to even imagine. Does it not occur to these folks that they will be paying anywhere from 10.6 to 18% or higher on something that will be consumed in a week, yet they will continue to pay interest on the purchase possibly for years to come, via monthly minimum credit card payments. It’s a world going mad in so many ways.

Just about the only thing right now during the window of the next 2 or 3 years, until they make it illegal to hold silver or gold [it’s coming] is buying and holding gold and silver in bullion form as a way to protect the value of what dollars one has. Not to belabor the point, here’s the gloomy news of just exactly how our dollar will continue to be debased on into 2011 and 2012:

10.2 Trillion in Global Borrowing Needed to Avoid Top Nations Sliding into Bankruptcy

News Blackout of Skyrocketing Gold & Silver Prices Proves Mass Media Censorship

Copyright 10.26.2010 By Chase Kyla Hunter

I have been prowling the alphabet soup news [so-called] networks for 8 weeks now, trying to spot at least one report of the most significant financial news of the year 2010 – the skyrocketing price of gold and silver. There has been not one single mention, not one sentence about this phenomenon on NBC, CBS, or ABC – or on any local media outlet in California for that matter in over 12 weeks. Don’t you find that just a little bit odd?

It’s the financial “elephant in the living room” – it also happens to be the most telling news in 2010 about the TRUE state of the economic recovery [not happening] that tells the truth about the REAL value of the US dollar, which has plummeted against other currencies and against gold and silver since August 11th – driving up the price of silver more than 20% in one month – a gain of more than the last year combined.

This is HUGE news! So why is there a virtually complete news media blackout of this phenomenal metals price rise on local news networks and the mainstream TV networks? Anybody? Shall I tell you?

It’s what a call an “invisible directive” – someone somewhere is making sure that it is NOT reported as news that the price of silver went up more than 20% between september 1st and October 15th.

Don’t you think that struggling Americans should know they can now buy silver bullion coins at about $23.50 each and STILL EXPECT to get gains of $5, up to $12 to 15.00 per coin, between now and next summer? This could help many who are sitting and looking at practically zero savings account and CD or money market gains.

Keeping people “out of the know” with useless fake news has never been so apparent as when the major TV networks all happen to omit in unison the most significant dollar related news in the past 3 years. Metals are set to soar in one of those once in a lifetime bull markets like we had in the 1970s, and not a single mass media outlet [nbc, cbs, abc] is reporting on it.

This is just one of dozens of examples of how the most pertinent Real News is ignored while Americans are fed trifling non news instead.

To  see the stellar rise of gold and silver int he past 8 weeks visit

Buy silver bullion to protect your dollars, and take delivery, take it home and sit on it for at least 3 years. it will surpass $40 per ounce by 2012 at least.

Chase Kyla Hunter

Silver May Be Headed Toward $26.50+ Per Ounce Soon

Post Update: 10.14.2010 By CK Hunter: Copyright Chase Kyla Hunter 2010
Since August 11th 2010, [60 days] silver has soared nearly 20%, gaining over $4.00 per ounce in price. I was writing about silver in January, telling readers to begin accumulating as much in hard silver bullion as they could. Those who have taken my advice are most likely sitting pretty by now. I predict silver prices to spike up to at least $26.50 per ounce before correcting back to around $17.52 and hovering in the trough for awhile.

The entrance to an underground gold mine in Vi...

[ Earlier this year I wrote…]  January 2010

Is $100 per ounce silver
 possible in 2010?

These types of sudden upward moves in silver usually happen after a gradual correction downward, and they tend to take the inexperienced metal investing public by surprise. Silver recently corrected back down to about $15 per ounce, from a high of around $18.50, but any new twist in the global economic meltdown i.e. for example, the recent collapse of Greece’s economy, could set off one of those hard to predict “upward price escalating chain reactions” that could very suddenly elevate the price of silver bullion almost overnight. Silver prices do not always follow gold in tandem.

Folk wisdom says to buy and accumulate silver bullion and scrap silver in all small denominations while the price is still depressed at under $20 per ounce. The $20 per ounce price range represents a “psychological threshold” and once silver passes that mark, all bets are off as to how high it could go. Buy silver bullion and hold it. That’s the recommendation.

Here are several supporting news articles and links:

1 oz (.999) Fine Silver Buffalo Round – Best Buy

Best Price $19.95
or Buy New $19.95

Market Nuggets: Silver Remains Higher After Hitting 30-Year Peak14 October 2010, 1:22 p.m.
By Allen Sykora
Of Kitco News
(Kitco News) — Silver remains higher after hitting its strongest level in 30 years. The metal has been rallying with gold lately on expectations for U.S. quantitative easing and weakness in the U.S. dollar. Silver got an added boost in early London trading from options-related buying, says Afshin Nabavi, head of trading at MKS Finance. Further gains came when buy stops were hit. These are pre-placed orders activated when certain chart points are reached. The market then backed down from the psychologically important $25-an-ounce level, with Comex December silver peaking at $24.95. “It’s been very whippy to say the least,” Nabai says. A key for Friday will be remarks from Federal Reserve Chairman Ben Bernanke as market participants watch for further clues on whether the Fed undertakes further stimulus, Nabavi says. In the meantime, he puts the key near-term chart support around $24 for both spot metal and futures. December silver was up 53.8 cents to $24.47 an ounce at 12:51 p.m. EDT (1651 GMT).By Allen Sykora of Kitco News; asykora@kitco.com14 October 2010, 12:46 p.m.
By Allen Sykora
Market Nuggets: Comex Gold Pares Earlier Gains On Profit-Taking

(Kitco News) — Comex gold has pared much of its earlier gain as some traders sell to exit long positions and book profits. Release of September FOMC minutes earlier in the week confirmed the thinking of many that further quantitative easing is coming, says Kevin Grady, gold trader on the Comex floor with MF Global. Gold since ran higher, with the December futures earlier Thursday hitting a $1,388.10 peak that is a record for a Comex most-active contract. It has since backed down to $1,374.20 as of 12:27 p.m. EDT (1627 GMT), although this was still up $3.70 for the day. “’Right now what is happening is you have some ebbs and flows in the market,” Grady says. “The market is up so high and so fast that you’re seeing some profit-taking.”

By Allen Sykora of Kitco News;

14 October 2010, 9:18 a.m.
By Allen Sykora
Market Nuggets: Comex Gold Continues Rise As Market Participants Flee Dollar

(Kitco News) — December gold futures hit a peak of $1,388.10 an ounce, a record for a Comex most-active contract. “It’s clear the U.S. dollar is under a lot of pressure,” says one trader. “It really is a market where people are running away from the U.S. dollar and looking for some sort of safe haven, and they view gold as a safe haven.” Gold seems to be moving with equities lately, he adds. “The equity market yesterday was reasonably positive about the view that quantitative easing is going to help the economy recover, and that has been a good reason to give assets a lift across the board,” he says.

By Allen Sykora of Kitco News;

14 October 2010, 9:17 a.m.
By Allen Sykora
Market Nuggets: Barclays: Longer-Term Gold ETP Investor Interest Remains ‘Sticky’

(Kitco News) — Barclays Capital says investors are showing a willingness to stick with positions in gold exchange-traded products. “Some very modest profit-taking has emerged from physically backed ETPs, with total holdings falling by 1.6 (metric tons) yesterday, but overall, the longer-term interest remains sticky, with the total metal held in trust just 10 (metric tons) shy of the peak set at the end of September,” Barclays says in its daily research report. The bank says silver prices “continue to ride on gold’s coat-tails, but the ETP interest is more impressive.” The bank reports silver ETP demand rose by 40 metric tons to a “staggering” 14,148, including inflows of 389 so far for the month.

By Allen Sykora of Kitco News;

14 October 2010, 8:34 a.m.
By Allen Sykora
Market Nuggets: Gartman: Technicals “Mandated That We Increase Our Positions Yesterday”

(Kitco News) — Newsletter writer Dennis Gartman says whereas he had been looking for gold to make a correction, technical-chart conditions Wednesday nevertheless “mandated that we increase our positions yesterday” and “we did so.” He says in his daily report: “Not to have done so would have been worse than holding out for the inevitable correction.” Furthermore, he points out that gold in both dollar and sterling terms is rising. “Gold is rising not because the U.S. dollar is falling but because investors globally are dismayed by their currencies generally,” he says. “Governments are racing each other toward some devaluationist no-man’s-land. Gold is the harbor of choice as this war is waged.”

By Allen Sykora of Kitco News;

14 October 2010, 8:34 a.m.
By Allen Sykora
Market Nuggets: SEB Sees Potential For Short-Term Correction In Gold

(Kitco News) –Swiss bank SEB offers caution about potential for a short-term correction in gold while maintaining a bullish long-term view. The metal hit another all-time high Thursday on another wave of dollar weakness, SEB says. “The mix of uncertainty, slumping currencies, exceptionally low interest rates and retail investor hype adds more and more fuel to the fire,” SEB says. However, the bank also says, softening jewelry demand, record speculative positions, stabilizing ETF holdings and reduced worries about European nations with debt issues may limit the upside in the short term. “The main upside risk lies in the dollar,” SEB says. The greenback has been hurt by expectations from another round of quantitative easing, but this is “beginning to get fully priced in,” SEB says. “We believe that temporary dollar rebounds in combination with longs covering positions or taking profits could offer buying opportunities going forward.” The bank says its longer-term strategic view “remains bullish on distrust in currencies and economic uncertainty even though the view has moderated somewhat due to the almost uninterrupted rally since the end of July.”

By Allen Sykora of Kitco News;

Bernanke Admits Printing 1.3 Trillions Dollars Out of Thin Air

5.6.2010 Compiled by CK Hunter from web sources

Bernanke Admits Printing $1.3 Trillion Out Of Thin Air

21 April 2010 59 Comments

By Greg Hunter  

Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities.  This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week.  I was dumbfounded when I saw Bernanke shake his head in the affirmative as Representative Ron Paul said, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.”  I was amazed he admitted this.  I looked up the original hearing on C-Span to make sure the clip was not edited.  It was not.   

What is even more shocking is I could not find a single mainstream news agency that covered this revelation.  Congress just finished voting on the bitterly contested Obama health care bill that is supposed to cost nearly a trillion dollars over ten years.  (Some contend it will be more than twice that amount.)  The mainstream media doesn’t even bat an eye over the Fed creating $1.3 trillion in a little more than a year to buy worthless debt no one else will touch.  I do not get it.  I guess we could have asked the Fed to print up a trillion dollars to pay for health care and avoided that drawn out battle in Congress. 

Then, Rep. Paul brings up printing another $105 billion to bailout Greece.  Bernanke answers by saying, “. . . I think one of the agreements that the G20 leaders came up with was sort of a mutual commitment to put more money into the IMF as a way of addressing the financial crisis around the world. . .” Notice how Bernanke used the term “mutual commitment.”   I think what that really means is an agreement between all the G-20 nations of a “mutual debasement of their currencies.”  I think this is why gold has been rising in price around the globe.  I have been saying for months that we are going to have some very big inflation.  (Real inflation is already at 9.5% according to  I wrote about this last November in a post called “The Fix Is In.”   

I think Bernanke just opened the Fed playbook and revealed money will be printed to fix all financial problems.  I don’t think he’s even trying to hide it anymore.  Rep. Paul also brought up the big debt trouble coming soon with many, many bankrupt cities and states such as Los Angeles and California.  I think they will all be bailed out one way or another by the printing press.

New York Fed President William Dudley seems to be on the same page as his boss.  Dudley recently said, “The fact that our foreign indebtedness is for the most part denominated in our own currency is a huge advantage in the event the dollar were to come under significant downward pressure.”  (Zero Hedge has a complete text of Dudley’s speech, click here)  Is Dudley making a not so subtle hint about devaluing the U.S. dollar?  Once again, I say yes.

Anyone with a savings account or money market denominated in dollars should be terrified.  You have scrimped and saved only to have the Fed print money and devalue what you have worked so hard for!   Inflation has been chosen for you by the Federal Reserve, and we the taxpayers can’t even audit its actions.  Below is the video from the Joint Economic Committee Hearing last week.  Watch for yourself Bernanke nod yes to printing $1.3 trillion: