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Giveaway Contest #4

I am running a giveaway contest until February 15, 2014 on my youtube channel Click this link to subscribe and comment on the contest video to enter: Lagoveride Bullion and Toilet Paper Money Youtube channel

SIlver and Gold "paper" market get hit hard

I know many people in the bullion market that feel as if the rug was just pulled out from under them. I think it is easy to see how people who do not fully understand what just happened can feel down and out. The truth of the matter is that the paper market was the only thing effected. Much like investing in stocks you do not post a gain or loss until the point at which you sell. Many like minded people only thought of this drop as a great time to add. I fall into this camp. The money printing from central banks continues at an ever more rapid pace and the growth in global economies are slow at best. It may be hard to pin down the exact reason for the decline. Many claim that big banks have large short positions in gold and silver. Others claim that a large bullion investor or investors got a margin call. Whatever the case may be. The fact still remains that demand for the physical bullion has been stronger than ever. Major Bullion dealers and even the smaller sellers have all but sold out of current stock or have long wait periods due to high demand. The decoupling between the paper and physical markets could not be wider right now. The recent news regarding barrick gold and Rio Tinto should if anything fuel a surge in bullion prices as less production will be hitting the market in the future, but as many know markets are often no rational. It is my opinion that we are getting very close to forming a bottom in price on the paper market and the window for these prices is closing.

JUNK SILVER GET SOME

I have been collecting more junk silver recently. For all your newbies that means all quarters/dimes from 1964- prior,morgan dollars and peace dollars are all 90% silver.

The spot price of silver keeps going up as the world starts to realize the printing of money at these levels will have serious side effects to the value of all currencies.

I almost lost my cool when the post office claimed to have delivered a package yesterday that I did not get. I was lucky that they found it today and delivered it.

the next thing on my list is to build a bigger storage of canned goods and water. No i do not think the end of the world is coming or anything like that, but I do know that food inflation is.

I think its better to be safe than sorry in these uncertain times of housing, debt, credit, and Fiat money bubbles.

Helicopter Ben does it again.

It seems to me that the American people are oblivious to what is actually happening.

The Federal Reserve chairman is keeping interest rates low in order stimulate job growth.

Does anyone see that the low interest rates allow us to keep running the debt up with no end in sight?

Just stay tuned because once the next round of Quantitative Easing hits us there will be no going back much like the damage we as a species have done with Global Warming. The printing of our paper money which has not been backed by anything in over three decades will lead to hyperinflation. ( That is of course right after a short deflationary period)

Has anyone noticed over the past couple of years that prices of food items have been going up while the size of what you actually get has gone down at the same time. Kind of a nice trick by companies trying to maintain profits for shareholders, but this wont hold up forever.

I Think we are in for a rude awakening and the past 30 years or so of monetary policy is coming home to roost. The cheap subsidized commodities we have enjoyed (*especially food) is quickly coming to an end. ( Learning how to grow food and becoming self sufficient will start become more important)

Can you imagine waking up one morning and the cost of a loaf of bread doubled over night.

A worst case scenario and something everyone should be mindful of is what runaway inflation can do. Look at what happened to Zimbabwe in Africa. they now have the honor of printing the largest bill in history (the 100 Trillion dollar note) and this type of inflation only took one year to fully manifest itself.

I am not saying this is what is going to happen to the United States, but the prospects for our national debt and the lack of a change in course of our federal reserve policies makes the future look grim indeed.

Please feel free to comment with your own views.