5 Reasons Why Silver is Attractive for Long Term Investment

The short term fundamentals for silver, which has slumped 59% over the past five years, don’t look particularly great. It has become a troublesome investment material since the decline of the photographic industry. However in the longer term, supply and demand fundamentals of the metal look to be finally improving. The potential upside for investors is significant, as multiple industries find use for gold’s erratic little sister. Meanwhile, supply looks set to dry up due to the current market conditions. Explore the silver situation further. Check out these five reasons silver looks like an attractive option for long term investment. Continue reading “5 Reasons Why Silver is Attractive for Long Term Investment”

India Bans Largest Bills Without Warning

Indian Rupee
Indian Bans Bills Without Warning

India abolished banknotes last night without warning, triggering trading chaos in the country. As of midnight Wednesday, 500 and 1,000 rupee notes are no longer valid. Many ATMs are closed, and stores will no longer accept bank notes, which are the highest denominations in India. Even hospitals are reported to say no, even though they should have received an exemption from the flash operation.

The decision was announced late Tuesday night, just hours before it took effect. All 500 and 1,000 rupee notes must be exchanged in banks, and the idea is that this will attract large amounts of black-market money.

New 500 and 2,000 rupee notes are scheduled to be released on Thursday, but in a country with over a billion inhabitants, where very many manage all their business with cash, the changeover will be catastrophic.

“Life will be harder for everyone, from the poorest to the richest,” said the assessor Swaminathan Aiyar in the news channel ET Now.

In anticipation of the new banknotes reaching out is the highest denomination is 100 rupees (1.5 USD).

Hillary Heard a Fly Buzz When She Died

A fly landed on Hillary’s face during the October 9 presidential debate between Donald Trump and Hillary Clinton, and I was immediately reminded of a poem by Emily Dickinson.

I heard a Fly buzz – when I died – (591)
By Emily Dickinson

I heard a Fly buzz – when I died –
The Stillness in the Room
Was like the Stillness in the Air –
Between the Heaves of Storm –

The Eyes around – had wrung them dry –
And Breaths were gathering firm
For that last Onset – when the King
Be witnessed – in the Room –

I willed my Keepsakes – Signed away
What portion of me be
Assignable – and then it was
There interposed a Fly –

With Blue – uncertain – stumbling Buzz –
Between the light – and me –
And then the Windows failed – and then
I could not see to see –

I find it fitting on many levels, metaphorically and literally. Literally: a fly actually landed on her face and she is in poor health. Metaphorically: her campaign is dying, and her criminal career is over. If you look deeper into the poem, flies are often associated with Beelzebub, the Lord of the Flies, the devil. In the end of the poem, the fly comes “Between the light – and me.” In other words, the devil is blocking her journey into the light as she closes her eyes and dies. Fitting indeed!

Gift Idea: Real Silver Treasure for Your Kids

Real Silver Treasure Chest

Looking for that perfect gift for your kid’s birthday? Instead of buying plastic crap that’s made in China, how about getting a treasure chest full of real silver coins! I usually put a silver coin in the kids’ Christmas stockings, and sometimes I use silver coins as a part of the gift wrapping for special birthday presents. On the next special occasion, however, I’m giving the kids a treasure chest full of real silver that I just found at BGASC.

This miniature treasure chest is filled with 100 1-gram Silver Salmon Rounds by Monarch Precious Metals for a total of 100 grams. Not only is it a fun way to teach the kids about sound money, it’s also a convenient way to stock up on silver in a compact storage box. The small wooden pirate chest contains 100 1-gram rounds with plenty of room to spare for even more loot! The small metal swivel latch will keep your treasure chest fastened shut when not in use.

So what are you waiting for? Head on over to BGASC, and get your silver treasure chest today! After you receive your order, be sure to come back and write a review of BGASC.

The unique 1 gram Silver Salmon Round is a fractional silver round, skillfully made by hand by the Monarch Mint. Sheets of .999 fine silver are hand rolled, blanks are individually cut by hand, and the design is hand stamped on the obverse (front) and reverse (back). Because they are made by hand, no two rounds are exactly alike. Imagining the labor involved to produce large quantities of these fractional silver rounds makes us appreciate them even more.

The obverse (front) of the round reads “Monarch Precious Metals” with the signature MPM crown logo. The reverse (back) is marked “One Gram, .999 Fine Silver” and features a Pacific Northwest salmon in honor of MPM’s home state of Oregon, USA.

Silver Treasure Highlights

  • The chest contains 100 grams of silver.
  • Each round contains 1 gram of .999 fine silver.
  • Each coin is hand cut and stamped.
  • Symbolic Salmon design.
  • Fractional silver is easy to trade.
  • Funfor the kids!

Headquartered in southern Oregon’s beautiful Rogue Valley, the Monarch Precious Metals Mint hand pours and marks all of their silver bullion investment products the old fashioned way, giving them a unique look that collectors love.

Hannes Tulving Sentenced 30 Months in Prison and $10 Million in Fines

Hannes Tulving
Hannes Tulving

Hannes Tulving of The Tulving Company–which filed for Chapter 11 Bankruptcy protection on March 11, 2014–has been sentenced to 30 months imprisonment and $10 million in fines. Of course the $10 million goes to the government, and not the 380 customers that he defrauded for over $15 million. Continue reading “Hannes Tulving Sentenced 30 Months in Prison and $10 Million in Fines”

How You Could Make 50 Times Your Money in the Coming Gold Mania

By Doug Casey

Regular readers know why I believe the gold price is poised to move from its current level of $1,250 per ounce to $1,500…$2,000…and eventually past $3,000.

Right now, we are exiting the eye of the giant financial hurricane that we entered in 2007, and we’re going into its trailing edge. It’s going to be much more severe, different, and longer lasting than what we saw in 2008 and 2009.

In a desperate attempt to stave off a day of financial reckoning during the 2008 financial crisis, global central banks began printing trillions of new currency units. The printing continues to this day. And it’s not just the Federal Reserve that’s doing it: it’s just the leader of the pack. The U.S., Japan, Europe, China…all major central banks are participating in the biggest increase in global monetary units in history. Continue reading “How You Could Make 50 Times Your Money in the Coming Gold Mania”

Swedish Central Bank Lowers Interest Rate to -0.5 Percent

The Swedish central bank, Riksbank, lowered the interest rate to -0.5% at 09:30 this morning (local time). Stefan Ingves,  governor of the Swedish central bank, presented his new record-low interest rate from the Governor House in Stockholm. The interest rate was lowered to -0.5 percent from the previous -0.35 percent.

Usually when central banks lower interest rates, the market rebounds, but the Swedish stock market index, OMX30, dropped another 1% immediately after the announcement, landing around -3.0%, where it’s hovering now. With the OMX30 at -13% for the year, and a looming housing bubble about to pop, it appears that the Swedish central bank is out of ammo.

Swedish Housing Bubble
Compare the current housing bubble in Sweden to the 1990s bubble. Then consider that the world’s second-highest taxed population with a government that is hostile towards business is undergoing a stock market crash and a refugee crisis, and you have a recipe for pain and disaster.

Albert Edwards Predicts 75% Decline in S&P

Usually posts in the Watchlist category have a target date, but this time I made an exception because the prediction is so profound.

According to Edwards, Société Générale’s global strategist and prominent perma-bear, the S&P 500 could falls as much as 75%, from the recent peak of 2,100 to 550.

Edwards stated:

If I am right and we have just seen a cyclical bull market within a secular bear market, then the next recession will spell real trouble for investors ill-prepared for equity valuations to fall to new lows. To bottom on a Shiller PE of 7x would see the S&P falling to around 550. I will repeat that: If I am right, the S&P would fall to 550, a 75% decline from the recent 2100 peak.

He further noted that in the previous bear markets, it has taken four to six recessions to shake off the weak sentiment, as shown in the chart below. In other words, we’ve only had two recessions in this current cycle, and the bear market has not yet completed. Edwards

Oregon Militia Showdown: The Truth About The Hammonds

I’m posting this for the historical records (source).

I am in direct, daily contact with a close friend who has lived and worked in Burns his entire life – except for a short stint with the 101st. He has worked in the woods (timber faller) on ranches (cowboy), and as a gunsmith in a local gunstore. Some of the Oregon, Washington, and Idaho guys (and at least one Georgian) have met him. Solid dude who, like many of us, is trying to balance family and work obligations with a deep and abiding love for the land he grew up on, the country he remembers, and the Constitution that protects it. Continue reading “Oregon Militia Showdown: The Truth About The Hammonds”