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It is too late for any of
you, personally, to buy much silver below $20 per ounce.
While silver prices languished at about $5/oz. for almost two decades until
about 2001, it's now too late for you to buy much, if any, silver below
$20/oz. Did your personal wealth increase that much in the last decade
like silver prices did? I don't think any billionaire in the world
matched or exceeded that performance.
The silver market is very
tiny, and thus prices are still potentially very explosive--especially if one
of the 1000 billionaires in the world tried to buy any. The potential
for future gains far exceed what has happened in the last ten years.
Only a tiny $1.9 billion
dollars worth of silver per year is bought for investment; most of that is
purchased in the USA, that's about 100 million troy ounces of silver, at
$19/oz. Of that, nearly 40 million ounces of silver per year are being
produced by the US Mint in the form of 1 oz. Silver Eagles.
I've been writing about
silver for ten years, sharing and learning silver market information, with
80,000 readers. You can review any of my articles online at www.silverstockreport.com. Here's what you should know about silver:
World silver mines
produce about 650 million oz. of silver, worth, at $20/oz., about $13
billion. More than that is consumed by industry, jewelry, photography,
with the difference being met by recycling.
But investors are buying
more than selling now. The people who produce the statistics call that
a "surplus", but that's a white lie. As there's really not
nearly enough silver to satisfy all the people who may wish to protect the value
of their paper money, or other assets.
With "money in the
banks" being only a small fraction of potential assets that could be
converted into silver assets, and with money in the banks headed towards
about $18 trillion, only about 1% of 1% of US paper money is buying silver in
a year.
That means that by the
time 1% of US Paper money tries to buy silver, then investment demand would
be 100 times higher than it is today, and that $180 billion would try to buy
into a $13 billion market, which could push silver prices well over $200/oz.
This is an
understatement, as all the paper money in the world could conceivably buy all
the silver and gold in the world.
I urge you, or your
staff, to do further research into the facts about silver that I've shared
with you.
It is my opinion that the
purchase of silver is a race, given where prices are going. The race
has started, and the billionaires of the world are not yet on board.
Here is one billionaire,
but he's into gold.
http://www.msnbc.msn.com/id/38883209/ns/business-bloomberg_businessweek/
WARNING:
The BIS, the Bank of
International Settlements, has produced a report showing that the world banks
have $200 billion in notional value of silver derivatives. This
increased from $100 billion, in a span of 6 months. Question!
Where did they get $100 billion of silver to sell, when the world only
produced about $10 billion of silver per year? Hint: They
didn't. The notional value of their silver derivatives is a short
position! The big banks OWE $200 billion worth of silver, on paper, to
investors who have not yet asked for delivery. Besides paper money,
this is the world's biggest ongoing fraud.
Thus, you should avoid
buying the Silver ETF's, avoid buying any futures contracts, avoid buying
silver, even "allocated" silver from any LBMA member bank, and
stick only with buying real bars of silver from refineries or
wholesalers.
Here is a list of the
world's silver refineries, a list of good places to go to get silver:
http://www.lbma.org.uk/pages/index.cfm?page_id=30&title=silver_list
I recommend Penoles, and Heraeus. Penoles produces the most silver in Mexico, and has a
minimum purchase of 300,000 oz. Heraeus is a
refiner and wholesaler, with half a billion in precious metals and sells at a
good price, and can deliver promptly.
You can research all of
this information at the following links:
When Will Silver Prices Explode? August 28th, 2010
1% of 1% August 23rd, 2010
How to Get Into
Silver, for Billionaires February 27, 2008
I apologize for not
bringing any of this information to your personal attention earlier, but I
was trying to follow the Bible's guidelines here
James 2
Favoritism Forbidden
1 My brothers, as
believers in our glorious Lord Jesus Christ, don't show favoritism. 2 Suppose
a man comes into your meeting wearing a gold ring and fine clothes, and a
poor man in shabby clothes also comes in. 3 If you show special attention to
the man wearing fine clothes and say, "Here's a good seat for you,"
but say to the poor man, "You stand there" or "Sit on the
floor by my feet," 4 have you not discriminated among yourselves and
become judges with evil thoughts?
5 Listen, my dear
brothers: Has not God chosen those who are poor in the eyes of the world to
be rich in faith and to inherit the kingdom he promised those who love
him? 6 But you have insulted the poor. Is it not the rich who are
exploiting you? Are they not the ones who are dragging you into court?
7 Are they not the ones who are slandering the noble name of him to whom you
belong?
Since then, I have learned that there are really two classes of rich.
The private rich, who own the major banks and Federal Reserve who are the
ones really oppressing the people, and the public rich, you who I'm
contacting, who generally do not oppress the people, but whom are actually
more accurately counted as among the oppressed, as you pay taxes to the other
class of rich -- the private rich. Bill Gates is a perfect
example. He is not a usurer, and he has been persecuted and taken to
court repeatedly by the really rich.
cc to the 25 wealthiest Billionaires
in the world.
Sincerely,
Jason Hommel
Silver Stock
Report
I strongly advise you to take possession of real gold and
silver, at anywhere near today's price, while you still can. The
fundamentals indicate rising prices for decades to come.
Price Board:
http://hommel.name/cgi/priceboard?store=jhmint.com
Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed
weekends.
JH MINT & Coin Shop, Grass Valley, CA -- our largest store, minimum $1500
to ship, USA shipping only, free shipping.
(530) 273-8175
Kerri: 530 273 -8822 silver_support3@hotmail.com
www.jhmint.com
Rocklin Coin Shop, CA -- 15 min north of Sacramento on HWY 80
www.rocklincoinshop.com
Mom's Silver Shop, Sacramento, CA
www.momssilvershop.com
3510 Auburn Blvd., #12
Sacramento, CA 95821
(916) 481 5656
(Mom will ship with no minimum order size, and overseas, and take credit
cards and paypal.)
Oakland Silver and Gold
www.oaklandsilverandgold.com
3929 Piedmont Ave.,
Oakland, CA 94611
osg2010@gmail.com
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