What if global rescue and bailout plans fail?

[sprocket]

Hi silverman. Maybe you can clarify the situation regarding silver - as your OP figures suggest, silver is apparently much scarcer than gold, which is itself very scarce! I have also read that the reason for this is that, though found in abundance, it is not worth mining because of its low intrinsic value - which sounds like complete bulls*it to me! What are your views on this? Thanks.

[silverman]

Originally Posted by sprocket

Hi silverman. Maybe you can clarify the situation regarding silver - as your OP figures suggest, silver is apparently much scarcer than gold, which is itself very scarce! I have also read that the reason for this is that, though found in abundance, it is not worth mining because of its low intrinsic value - which sounds like complete bulls*it to me! What are your views on this? Thanks.

Thanks for the excellent questions, here some facts and bullet-points:

annual output gold: approx. 2500 tons
annual gold consumption: approx. 4200 tons

gap covered by recycling gold and gold from central bank sales

-main use of gold is jewelery, investment vehicle
-reserves approx. 20'000 tons / value USD 700 billion
-any other reserves somewhere else: none bought by some intelligent investores over the last couple of months

now Silver:

annual output silver: approx. 21000 tons
annual silver consumption: approx. 30000 tons

reserves? none just underground, central banks don't keep silver since a while

But know comes the compelling thing with Silver:

- WE NEED IT and Silver findes usage in more components and products than crude oil
- Silver is still used big time in the photography industry
- Mobile phones
- Laptops & computers
- Flatscreens
- For water purification (big time)
- Solar power
- Watches
- pharmaceutical industry like for band-aid and more
- jewelery
- Mirrors


BUT NOW SOMETHING EVEN MORE INTERESTING!

A couple of months ago, when crude oil was hovering around 130/140 every child learned what peak-oil means...we will run out of crude oil in roughly 40 years!

Hey, we have a big issue here on planet earth since we ARE ALREADY BIG TIME IN PEAK-SILVER AND PEAK-GOLD because


In 15 years (yes ONE / FIVE) we don't get Silver anymore out of the ground!

But perverse enough it is sold away at USD 10 at COMEX!


Check once on www.kitco.com the price of Rhodium. Also a very rare and precious metal out of the platinum group.
Rhodium was trading @ USD 400 in 2003/04 and reached a high in March 2008 at USD 10000.

So you can see what happens to precious metals prices when everybody wants and needs them.

THE ACTUAL SILVER-PRICE IS A F.....G JOKE!


And yes you are right! Producers getting Silver out of the ground do this at USD 13....so its not profitable...but as I said needed in so many devices we use and need every day!

Some investors already pay now USD 20 to 30 for 1 Ounce of Silver in physical form.



BUT some nasty rumours say that there is a 1 to 3 billion ounce short-position out there, which might be the reason, why Silver dropped from USD 22 reach this March to below USD 10 last week....by the way same day when Dow Jones dropped below 8000 since years

Isn't that funny?

Again US government together with the FED and the two government banks Goldman Sachs and JP Morgan (ooops they seem never to have problems even during this crazy financial crisis) have big pockets some hidden accounts on the bahamas and virgin islands where they park all the criminal short positions, all the treasuries they buy back and the F&F bonds.ö...and so on

They do big time manipulate financial markets!

Now one of the bush would say: Believe me, read my lips!

Greetings, silverman

[Jacqui D]

Thanks silverman for that info;
True about not being able to get gold in London, they've been queuing round the block to get into ATS bullion for days apparently!

[sprocket]

silverman, thanks - excellent response!!!

[Ampgod]

It will fail.


*That is a my positive outlook. Not negative.

Peace,
Ampgod

[silverman]

Originally Posted by Ampgod

It will fail.


*That is a my positive outlook. Not negative.

Peace,
Ampgod

Well, yes I agree it will! The question is just how fast, a couple of days, weeks or months! I believe not later than March 2009!

I believe they just don't know yet which excuse, which fake terrorist attack...
shall it be in UK or the US? Or rather a fake UFO attacked followed by holographic ET invasion....

Well lets see what the Mickey Mouse US Banana Republic Government has in its cards......oooops I forgot the Dicatorship!

Greetings silverman

[capreycorn]

ahem...

what`s with stones..like the diamond..is it something to buy although "de beer" makes the artificial "high price"? or saphire?

[Swanny]

I bought 24oz of pre 1920 scrap British silver coins the other day, paid £100 from a shop in Bath.
Seemed like a good idea at the time......

[AndyH]

I have to agree with a lot of people who see this as a great excuse for the Amero to be introduced. We'll probably see the UK adopt the euro pretty soon. Perhaps Iceland may even adopt the euro and take the plunge into the EU? I would only bet on Switzerland keeping out of things.

As for what happens then is anyones guess, perhaps closer govt integration and removal of borders and passport/id card "harmonisation". Certainly I see the world dividing into 4 or 5 or maybe 6 areas.
North America,Mexico and Canada as region 1
Europe as region 2
Asia as region 3
South America as region 4

There may be a separate 5th region for Japan,Australia+NZ if it doesn't join with the Asian union.

Then we are left with Africa which is already working towards it's own union of sorts. #6.

I also forsee Africa becoming the next great place for outsourcing industry and labor, perhaps with the "safer" African countries like Botswana being the first on the list.

I always try to remember when seeing any info that the "Elite" have to live here with us. What they want is more control, order out of chaos.

I certainly see the complete computerization of money and id cards and then implanted id chips as being inevitable.
People will love the id chips, mark my word. Not you on this forum of course, I'm talking about the unfortunate millions who still believe this is all for the best.

You need only look at the present advances with credit/debit cards to see how this will pan out, barclays for example are about to introduce a new credit card that you will merely have to "tap on the till" to perform cheap transactions (below £10 iirc).

http://www.newsroom.barclays.co.uk/C...2&NewsAreaID=2

There you go...their own website!

[Swanny]

Originally Posted by silverman

I believe they just don't know yet which excuse, which fake terrorist attack...
shall it be in UK or the US? Or rather a fake UFO attacked followed by holographic ET invasion....


Greetings silverman

I've been thinking about this and my opinion is if they do a nuclear strike it would be in the US, the UK is too small and it would completely destroy the whole country, but maybe they want to..

[silverman]

Originally Posted by sprocket

silverman, thanks - excellent response!!!

Its a pleasure since it is one of my passions....

on gold and silver I am doing this already since a couple of years....


Greetings and have a nice day
silverman