In my last blog I asked why silver prices remain so low amidst increasing silver market demand. I have done further 'silver research' and found more pertinent information.
The following is from Jason Hommel's Sivler Stock report. You can read his full report at silverstockreport.com
Each silver contract at the NYMEX is a promise. There are too many contracts, too many promises to deliver silver that may not exist. Each contract is for 5000 ounces. There are often over 200,000 contracts for 5000 ounces, that's a total of 1000 million ounces of silver promised to be delivered. With recent market trends of defaults and bankruptcies, these contracts are at risk of default. Yet the exchange has only about a third of that in real silver. How can they promise to deliver more silver than exists? If they fail to deliver silver, then confidence in the world's entire financial system may collapse. Industrial users of silver may have to shut down their factories. To prevent this, users will bid silver prices much higher.
Due to the risk of default in silver futures contracts, I suggest that you avoid buying futures contracts, avoid options, and avoid storing your silver with anyone else! Take delivery of your silver, and put your silver in your own safe!
If you don't own silver bullion coins please click on the following link.
http://www.silversnowball.com/266
The potential for survival WHEN the economy collapses is greatly increased as you possess silver or gold.
More on this later.
Wednesday, August 27, 2008
Thursday, August 21, 2008
Please explain this!!!
According to an email I received today, August 21, a credible source has stated that the U. S. Mint has once again for the second time this year suspended the minting of Gold and Silver Coins. The reason for such an action is because silver is increasingly scarce. IF such claims are really true Please tell me why the price of an ounce of Silver is at its lowest price of the year on the commodities market?
IF the U. S. Mint HAS really run out of silver... where are the bullion bankers getting their bullion metals that they sell their Gold or silver backed stock contracts for. DO THEY HAVE metals behind those contracts or not? What I think is going on in the precious metals market is nothing less than FRAUD.
If you are familiar with the company named Kitco, they are a household name of providers of precious metal coin and bullion bars, I just checked their website and this is what I found....
"IMPORTANT NEW NOTICE: Demand for bullion products has increased significantly in recent days. As a result, we may experience delays in supply and possibly delays in processing and shipping by our vaults. We apologize for this inconvenience and will do everything in our power to service your orders as quickly as possible. While cancellation fees still apply, prices are guaranteed regardless of the length of the delay. We remain committed to providing you the best service no matter what market conditions prevail."
Notice they stated "may experience delays in supply"... Seems to me they are not getting the quntities needed to meet the increasing and already brisk demand for bullion bars and coins. So WHY IS THE PRICE OF GOLD AND SILVER ON THE COMMODITIES MARKET GOING DOWN? THIS DOESN'T MAKE SENSE.
High demand usually, scatch that, ALWAYS brings higher prices. WHY ISN'T IT DOING SO NOW?
Before I quit for today -- here's a link to check daily silver spot prices
http://www.kitco.com/charts/livesilver.html
Interested in Live Gold prices...
http://www.kitco.com/charts/livegold.html
Want to check out a program where you could earn unlimited FREE American Eagle Silver Coins for one month fee? Go to www.silversnowball.com/266 I've been in it for several months and I like what I see there.
Thrive.
IF the U. S. Mint HAS really run out of silver... where are the bullion bankers getting their bullion metals that they sell their Gold or silver backed stock contracts for. DO THEY HAVE metals behind those contracts or not? What I think is going on in the precious metals market is nothing less than FRAUD.
If you are familiar with the company named Kitco, they are a household name of providers of precious metal coin and bullion bars, I just checked their website and this is what I found....
"IMPORTANT NEW NOTICE: Demand for bullion products has increased significantly in recent days. As a result, we may experience delays in supply and possibly delays in processing and shipping by our vaults. We apologize for this inconvenience and will do everything in our power to service your orders as quickly as possible. While cancellation fees still apply, prices are guaranteed regardless of the length of the delay. We remain committed to providing you the best service no matter what market conditions prevail."
Notice they stated "may experience delays in supply"... Seems to me they are not getting the quntities needed to meet the increasing and already brisk demand for bullion bars and coins. So WHY IS THE PRICE OF GOLD AND SILVER ON THE COMMODITIES MARKET GOING DOWN? THIS DOESN'T MAKE SENSE.
High demand usually, scatch that, ALWAYS brings higher prices. WHY ISN'T IT DOING SO NOW?
Before I quit for today -- here's a link to check daily silver spot prices
http://www.kitco.com/charts/livesilver.html
Interested in Live Gold prices...
http://www.kitco.com/charts/livegold.html
Want to check out a program where you could earn unlimited FREE American Eagle Silver Coins for one month fee? Go to www.silversnowball.com/266 I've been in it for several months and I like what I see there.
Thrive.
Wednesday, August 20, 2008
Summer '08 Wrap Up
Since moving to Miltonvale the thought was that life would be slower in Kansas. It definitely is slower but still has a lot going on.
One week we had Jason and Joanna Sturtivant talking about their mission work in Ukraine. I think that was the week of July 13. The next week the group called Witness from Union Bible College came and sang to us. Some one stated we had 52 in attendance for that service. That appears to be a record since the move to Miltonvale. The next week was the start of McPherson Camp. But more on that later.
One Sunday evening service, I think it was July 13th, the Lord distinctly moved giving his children a Spirit of praise, singing, and testimony. The manner of the service lasted such a length of time the people and pastor were satisfied with just a moment of scripture reading and then dismissal instead of the usual 30-40 minute sermon. Not every service CAN be like that one; but how encouraged everyone was that God would move in such a wonderful way and then realize how much more He wants to do in the future. Keep praying for the Miltonvale Church.
One week we had Jason and Joanna Sturtivant talking about their mission work in Ukraine. I think that was the week of July 13. The next week the group called Witness from Union Bible College came and sang to us. Some one stated we had 52 in attendance for that service. That appears to be a record since the move to Miltonvale. The next week was the start of McPherson Camp. But more on that later.
One Sunday evening service, I think it was July 13th, the Lord distinctly moved giving his children a Spirit of praise, singing, and testimony. The manner of the service lasted such a length of time the people and pastor were satisfied with just a moment of scripture reading and then dismissal instead of the usual 30-40 minute sermon. Not every service CAN be like that one; but how encouraged everyone was that God would move in such a wonderful way and then realize how much more He wants to do in the future. Keep praying for the Miltonvale Church.
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