Silver best bet for the little guy who can get rich!
By Michael Webster: Investigative reporter Syndicated. January 5, 2009 at 4:30 pm PST.
Opinion:
I have been advocating years that in my humble opinion, the average person like me has to buy silver, real silver coins not paper or certificates, but rather, bars, bullion and silver to jewelry. I am not a financial advisor, financial consultant or for the benefit of all ways of sharing with my readers what it is they do and what they do. Also I believe that to further protect yourself if you buy physical silver, take possession and hung on the belt and silver as the journey soon begins to develop upwards.
Gold Silver is the Poor Mans, as of this writing space around silver is $ 11.00 per ounce. That still means a relatively small amount of money will buy a lot of money.
In my opinion investing in silver is the best coverage and protection against all future economic forecasts provided including a U.S. dollar devaluation, recession, depression, inflation, deflation and hyperinflation.
Let's look at what others say about the economy, investment and the future.
Clive Maund is an English technical analyst, hold a diploma from the Society of Technical Analysts, Cambridge, Cambridge University, England. Maund warns, "Watching investors fleeing in perception safety of U.S. Treasuries is similar to watching people on board the Titanic in the movie – you know you are doomed.
This is because U.S. is totally bankrupt – over bankruptcy, in fact, since their debts are physically impossible to repay under any circumstances and what we are witnessing now is the cowardly way out – the creation of money in any amount is necessary to prevent total blockage … .. This has an inevitable outcome – hyperinflation, which, incidentally, you can take even in conditions of deepening recession / depression. "
Investment Manager Puru Saxena express their views in this way. "It is worth remembering that the financial system of our world has been hijacked by money, printers. Whether the Federal Reserve Bank of England and the European Central Bank – they are all creating money "out of nowhere and inflate the supply of paper currencies … .. While paper currencies (in cash) recovered the purchasing power in recent months due to the forced liquidation of assets in markets, there is likely to maintain their value in the medium and long term. History is filled with many pieces of paper that became totally useless and I suspect that many of today will also disappear.
Even the largest financial institutions are suspect. James Quinn, the analyst writes, "Hank Paulson has distributed 180 billion U.S. dollars for the 30 largest banks the country in an effort to prevent the solvent. Now it has become very clear that the largest banks in the country with the most intelligent ',' MBAs, took excessive risk, created and then bought their own toxic derivatives, and lied to the public and their shareholders about the true financial position. "
The money managers, talking heads on financial television and the perma-bulls have been wrong. It's time to start listening to people who have been right. Everyone They have warned of the dangers of uncontrolled money and credit expansion. Most people still underestimate the magnitude of this crisis. They hope stock market will recover and everything will go up again as it did before. What will happen is unknown, but it is dangerous to base their beliefs on the things you want to happen. If only want to listen to Wall Street types who constantly express their optimism, you can lose even more.
Dr. Krassimir Petrov writes, "Unfortunately, the depth and duration of the crisis are being reduced. For now, the crisis is in its early stages."
The analyst Christopher Laird would agree. He writes, "The U.S. builds up 9 trillion U.S. dollars of national debt in 240 years, and in just one year and a half, add another $ 8 billion? And for what? Credit markets remain frozen. "He continues," over $ 1000 billion dollars leverage in the markets are relaxing, and if you add up all the central bank's efforts to loosen credit markets and bank bailouts, which adds about 15 to 20 $ billion. Well, not 20 trillion U.S. dollars is about enough to stop dollars from 1000 billón markets deleveraging. Therefore, efforts are doomed to failure. "
James Quinn conveys this message of concern. "There are $ 50 trillion of default swaps credit outstanding. The hundreds of billions in taxpayer funds have been dumped at AIG have been used to pay CDS [credit default swaps].
According to an analyst with bright, Chris Whalen, at least $ 15 trillion of these CDS have to be paid out. All central banks in the world can not create this role much more than anything. "
Quinn, "huge amounts of credit card debt and loans defaulting car in 2009. Currently, consumers must be 2.6 trillion U.S. dollars of consumer debt, up from $ 2.1 trillion in 2004, an increase of 24% …. With 3 million more job losses in 2009, the credit card losses will be much greater than $ 100 billion. JP Morgan, Bank of America, and Citigroup approach taxpayers to sneak through again due to unexpected losses. Nationally, an estimated 575 billion U.S. dollars in auto loans new and used each year are written for automakers, banks, credit unions and other lenders … .. With the average duration of loans car over 5 years and the tremendous crisis, millions of consumers under the water with their car loans … .. It is clear that consumers are sinking. The toxic combination of reduced spending and mass layoffs tear down the remaining pillar of the economy, commercial real estate … .. After the arrival of horrible holiday sales, weak retailers will be heavily indebted in the bankruptcy estate. Mall owners that had expanded quickly, with a generous amount of debt in recent years to see the rents are dried and debt payments is going to choke to death … .. Office occupancy decrease in rental income and tanks. "
What's an investor to do? How to protect? After the Citigroup Treasury gave 300 billion U.S. dollars, a bank's financial analysts wrote these words. "Gold is poised for dramatic growth and may that you end up with $ 2,000 an ounce in late 2009, as central banks flood the world monetary system with liquidity. "Although silver is not mentioned, must be clear that the reasons for a rise in gold also boost silver, probably even more.
According to silver analyst Ted Butler "This decline in base metals and the production of silver products as well as the deteriorating global economic conditions have provided the opportunity to build a truly exceptional situation. The circumstances have converged to make a better purchase silver than ever before, thanks to sales of the sharp decline since the summer. His one thing to say silver is a better buy than ever before, and another to back that statement up. Here is the backup – is in a lower offer than ever and the supply threat harder. It is the cheapest it has been in years. World economic conditions favor more than ever. It has more than a strong way long term and makes the headlines. Handling is more the end than ever before. The only thing you should avoid is waiting too long to buy it. "
Editor's Note:
Michael Research Reports Webster read syndicated worldwide, in 100 or more points of sale in the U.S. and at least 136 countries and territories. He has published articles for MaximsNews, which is associated with MediaChannel.org and Globalvision News Network, global news and media information services with more than 350 news affiliates in 135 countries. Many of Mr. Webster's articles are printed in six working languages: English, French, Arabic, Chinese, Russian and Spanish. With ten more languages planned in the near future.
Mr. Webster is America's leading authority on Venture Capital / Equity Funding. A trustee on some of the largest nations of goodwill on the Union. A noted author, professor, educator, emergency manager, Fighting terrorism, war on drugs and the war against terrorism Specialist Business Consultant, Newspaper Publisher. Radio News caster. Labor Law generalist, the Teamsters Union Agent, General Organizer, Union Rank and file members of Claims Representative, NLRB Union Representative, Union Contract Negotiator, Workers Compensation Appeals Board Hearing Representative. Mr. Webster published on-line Laguna Journal newspaper and research reports for print, electronic and in-line News Agencies.
For more articles from Google: "Other writings by Michael Webster"
About the Author
America’s leading authority on Venture Capital/Equity Funding. A trustee on some of the nations largest trade Union funds. A noted Author, Lecturer, Educator, Emergency Manager, Counter-Terrorist, War on Drugs and War on Terrorist Specialist, Business Consultant, Newspaper Publisher. Radio News caster. Labor Law generalist, Teamster Union Business Agent, General Organizer, Union Rank and File Member Grievances Representative, NLRB Union Representative, Union Contract Negotiator, Workers Compensation Appeals Board Hearing Representative. Investigative Reporter for print, electronic and on-line News Agencies.
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