Wednesday, September 9, 2015

ALERT: Silver Update WR15-265


Friends, you can now buy silver at the price it costs to mine and produce silver and at 2000 prices of $5.00 an ounce per adjusted inflation dollars! 

The elephant in the room is the huge debt in the fracking oil sector. It is larger than the sub-prime debt in 2007-08!

Keep this in mind, and this is why God admonishes us to stay out of debt. The danger of the debt bomb is that compound interest is EXPONENTIAL! It grows and grows to the breaking point. Why has the debt bomb ponzi scheme gone on for so long? It is because 1.2 billion Asians have been added to the base of the Ponzi pyramid!

Mexico is the world's largest silver producer and a confidential source told me that the Bank of Mexico is claiming that it is out of silver and can't sell any! Also Azteca Bank in Mexico has no silver to sell.


Let’s take a look at some popular items and their respective premiums. 
-American Eagles
Now: 29% Month Ago: 24% Year Ago: 19%
-Canadian Maple Leafs
Now: 24% Month Ago: 17% Year Ago: 18%
-10 oz Bars
Now: 9% Month Ago: 8% Year Ago: 4%
The real action, however, has occurred in 90% junk silver:
-90% Junk Silver (Pre 1964 US dimes/quarters/half dollars)
($100 Face Value Bag) Now: 40% Month Ago: 33% Year Ago: 5%
A year ago, spot silver was $19.50 per oz. With a 5% premium, that equates to a price of $20.48 per oz of 90% junk silver one year ago. Today, the spot price of silver is $14.60.
However, with the premium at 40% instead of 5%, each (silver) ounce of 90% junk silver now costs $20.44.  Do not buy into the lies of a “falling” silver price. The downside to silver here is extremely limited, and the upside nearly unlimited. If the price heads any lower, premiums will shoot even higher, or physical metal will simply vanish until prices head higher.
Peter Schiff from a recent interview: Silver is like a lifeboat. If you’re sure the cruise liner is going down, as many of us are when it comes to the dollar, why wait for the cruise liner to start sinking, before getting on the lifeboat?
If you think you can go to the US mint to buy silver, think again. Silver supplies have been increasingly eratic. According to Numismaster.com, “Demand for bullion coins was so high in June and July that the Mint ran out of coins and was forced to suspend sales of silver Eagles in early July and restore its policy of rationing.”
Watch David Morgan's interesting interview below.
https://www.youtube.com/watch?v=DspQvNVvHhE

There was a huge silver heist in Canada, see the article below.
http://www.cbc.ca/news/canada/montreal/silver-heist-montreal-shipping-container-1.3217152




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