Category: Buying Silver Numismatic Coins

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

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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

http://kitcosilver.com

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:
  
 
  
  

www.thumbcharts.com

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
http://www.kitco.com/
(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; asykora@kitco.com

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; asykora@kitco.com

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; asykora@kitco.com

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; asykora@kitco.com

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; asykora@kitco.com

US Dollar in Crisis? Russia, China Press for A New World Currency

6.23.2010 Citizen Journalist Video posted by CK Hunter

Tags: dollar collapse, inflation, currency collapse, Russia, China, federal debt, federal deficit, collapse of the dollar

Just How Close Are We to the Final Financial Abyss? Photon Belt Passage Does Not Bode Well for America.

5.6.2010 By CK Hunter

Depending upon whose youtube videos you follow, the American economy has been teetering ever closer the final irretrievable abyss since late 2008. I’m sure that many band aids, much duct tape and Elmer’s glue are still being applied in secret behind closed doors in 2010, both in DC and on Wall street, where the latest game in town is for Barack Obama to “pretend” to be going after the crooks on Wall Street, you know, those same crooks who contributed heavily to his campaign and who helped get him elected. Ho hum.

What’s odd is the number of times in recent years one has seen the headline or heard the phrase “Dow plunges”. Have a look at the long and miserable list of videos that come up on youtube when you type in “dow plunges” – very interesting, huh? It’s not dissimilar to the old tale of the “boy who cried wolf.” Wall Street has now cried “wolf” and the “Dow has plunged” so many times since 1987 that most folks just take it all with a desensitized grain of salt these days. We are all numb to potential financial crisis by now, and that numbness can’t be a good thing. I buy and sell silver bullion like flea market candy, and that also can’t be a good thing. How will we all know when the real and final plummet indicates a bottoming out when we are so numb to the many false alarms that are mended with so many secret band aids behind the scenes?

The American “business as usual corruption” of the top echelons of American Wall Street and Washington DC high illuminati society rolls on. This spring (with certain exceptions) I am more or less taking a long and well deserved break from blogging about all of it, as it wearies the Spirit and truly sours the joy of the soul to continue to record America’s slide into outright mob corruption and mafia style governance of her justiably furious citizens. 

The question of the hour is: “What has any real worth anymore?” Everything we have known, believed and trusted in is now falling into utter photonic disarray. Where does one put one’s assets, one’s faith, one’s hope? I long ago sold off any and everything I owned, that had any real value, other than a good sturdy bike, a good sturdy jeep, and a good sturdy relationship with the Holy Spirit, so it doesn’t affect me one way or the other anymore. I walk with God in introverted, introspective, indiscernible bliss, and I will keep it that way.

But I really wonder about my American friends and neighbors who are still all very invested in the facade of American values, you know, the house the car, 2.5 kids, the fake evening news hour,  and a federal government worth paying taxes to support. What are they doing to cope these days, as it all falls apart before outr eyes? One does wonder. Marching in the streets can only get you so far spiritually, and then you are worn out from it all. if bitterness seeps in then you are done for. You cannot allow that to happen. Keep the faith, my friends.

I have put my spiritual finger to the wind, smelled the air,  and my prediction for 2010 and the first half of 2011 is this: In the next 18 months, as bibilical prophecy continues to unfold, everything and everyone in America that we thought we could believe in – somewhat akin to the highly visible “Tiger Woods epic fail” witnessed by millions recently, will plummet to the floor in front of our astonished eyes, just like the eerie foretelling of the Dow plunge today, telling us all in so doing that we must place our faith in a Higher Power and withdraw our emotional, political, affilial and financial investments in a world crumbling under the weight of it’s own evil that is just simply not worth investing one’s soul in any longer. This is truly what Jesus meant when he spoke about being “in the world but not of the world”.

There is also a very literal astronomical window opening between May 27th and November 27th of 2010 which may engulf what’s left of American ethics, morality, common decency and honesty in our political and financial realms. Our planet passes through the edge of outer halo of the Photon Belt during that window, and all things which do not vibrate of the highest moral and ethical truths will just simply disintegrate during the passage. This means that all sorts of hidden illuminati financial deals,doings, monetary and currency horrors, and every garden variety back room deal you can think of will be brought to light, quite suddenly, stunning a politically and morally shell shocked nation once more. Watch for the hidden crimes in politics and finance to be revealed in new unusual and spectacular ways between May 27th and March 27th of 2010.

Here’s the brief piece I wrote about the Dow belch earlier today.

5.6.2010 By CK Hunter

Rush Limbaugh began screaming into his microphone today at about 11:46 am today as I was scrambling eggs, and at first I thought he was just hawking another product. Then I thought he was making fresh satire about the Greek financial meltdown. 30 seconds into his screaming tirade: “…it’s down 700 points!….. No, it’s down 900 points…! now it’s 945 points!! … folks this is really happening!!…”

I began to realize that he was watching the Dow falling in real time and screaming the numbers at his listening audience as they fell. Rush must be invested. I could hear his blood pressure pounding in his ears as h screamed. Right before the 1,000 mark the market pulled back from the edge of the cliff and began crawling back from the edge. Rush finally lowered his voice several octaves, and one could hear his heart resuming a normal pit a pat. I actually thought we had come as close to hearing Rush Limbaugh have an actual heart attack live on air, as we had nearly seen the second American financial meltdown in two years. Geesh. At any rate, all the commotion woke me up enough to rush to the web and try t o see what was behind the near miss. 

What happened? I’m sure speculation will be rife as well as prolific, but the rumor that flew immediately pertained to Greece, a plummeting Euro, and a teetering European Union’s staggering burden of current financial woes. I won’t concur with any “cover story” they put out in mass media until I examine the facts. New Zealand news coverage of the plunge reveals much more detail about the European Central Bank’s role in what happened:

Below are some related press and links as the story continues to unfold.

Dow Plunges the Most Since 1987 As Euro Tumbles, Before Regaining Some Ground

Stocks Dive 1000 Points As European Debt Woes Shake US

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Indexes down 3 percent after plunging nearly 1,000 points

reuters

Traders work on the floor of the New York Stock Exchange, May 5, 2010. REUTERS/Brendan McDermid
Traders work on the floor of the New
York Stock Exchange, May 5, 2010.
 
REUTERS/Brendan McDermid
 
On Thursday May 6, 2010, 3:20 pm

NEW YORK (Reuters) – U.S. stocks were down more than 3 percent on Thursday afternoon after briefly nosediving, with the Nasdaq at one point down more than 9 percent and the S&P 500 and Dow briefly falling into negative territory for the year, as worries about contagion from Greece’s debt problems mounted.

Investors were disappointed the European Central Bank did not take fresh measures to help stem the Greek debt crisis. The ECB did not discuss the outright purchase of European sovereign debt as some had hoped for, but gave verbal support instead to Greece’s savings plan. The ECB left interest rates at a record low.

“Right now you just have a panic sell. It could be a long-term negative for stock market because it could mean the long-term high is in place. It’s very likely we’ve seen the highs for this cycle,” said Keith Springer, president of Capital Financial Advisory Services in Sacramento, California.

The Dow Jones industrial average was down 340.47 points, or 3.13 percent, at 10,527.65. The Standard & Poor’s 500 Index was down 35.89 points, or 3.08 percent, at 1,130.01. The Nasdaq Composite Index was down 65.34 points, or 2.72 percent, at 2,336.95.

(Reporting by Caroline Valetkevitch, additional reporting by Al Yoon; Editing by Leslie Adler)

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