Many
people today are cashing out their CD's to buy silver and gold. Why?
The
obvious.
The
CD's pay next to zero interest, and gold and silver continue to head up by
20-30% per year.
Most
of our gold and silver buying customers have completely lost faith
in the government's ability to "run" the economy, but more than
that, there is a real fear of the government today, that it will turn
dramatically totalitarian and that we will lose nearly all of our freedom.
The
best time to own gold is when the government starts taking more of your
money. Silver and gold ownership prevents government from confiscating
your wealth through inflation, and more and more people see the inflationary
threat of massive $2+ trillion deficits, which are being met by printing more
money.
A
typical first time customer comes into our coin shop at the JH MINT, and says,
"Hey this place looks really nice!" We designed it to look a
bit upscale, with plenty of room to hang out, with nice couches to be able to
sit down to talk.
They
typically say, I've been doing a bit of research online about silver and
gold, but I really know nothing about silver and gold, so what can you tell
me?
To
answer in person, I must get to the point quickly, as other customers will
soon come in next.
So I
like to show them, and let them hold a gold coin, and let them compare the
heft and weight compared with a silver coin. Gold is twice as dense as
silver, and the difference is easily discerned when you hold them. A 1
oz. gold coin is just a tad thicker than a half ounce silver coin, which is a
bit thinner, and much, much lighter. Since silver is 1/2 the weight, a
similar sized silver coin, gold plated, would be about 1/4 of the weight of a
gold coin!
Thus,
the brass or copper core, gold plated, "authentic replicas" as old
on TV make a beautiful comparison to show how difficult it is to counterfeit
gold.
So
when they hold gold, they know it's something real, and real special.
People
continue to ask, "Which is better, silver, or gold?"
I tell
people, we like silver best, because it's a much smaller market.
World
annual silver mining is about $10 billion, but world annual gold mining is
about $80 billion.
But
most of the silver market is consumed by industry, as silver is used in all
sorts of electrical contacts and devices. In fact, industry consumes
more silver than world annual mine supply, and the gap is being met by
recycling.
So the
amount of silver left over for investors is shockingly small, perhaps only $2
billion.
The
silver story is surprisingly simple. The entire world once used silver
as money, but today, no nation on earth has silver circulating as
currency. This reduced monetary demand has created a very low price.
But
silver remains a better store of wealth than ever, due to the increased
scarcity, and the growing awareness of silver ownership as a way to make money.
Money
is more than a currency or medium of exchange, it's also a store of
value. As demand for silver, as a store of value, increases, so will
the price, and this demand will continue as a positive feedback loop that
will eventually destroy paper money.
But
the real shocking fact of the silver market is that 99% of silver investors
are getting scammed by paper silver, that is basically all fraud.
The
proof of this is the BIS report, from the Bank of International Settlements,
here:
http://www.bis.org/statistics/otcder/dt21c22a.pdf
The
proof is in the numbers. The BIS keeps track of the derivatives of the
banks worldwide. It shows that the notional value of "other
precious metals" over the counter derivatives, which are mostly all
silver, increased from $100 billion to over $200 billion in six months.
When
the entire annual physical silver investment market is only $2 billion, and
when the paper silver investment market increased by $100 billion in six
months, there is only one way that can happen. The paper must be all
fraud.
=====
I
asked several bullion dealing managers why people are buying precious metals:
Matt,
at rocklincoinshop.com, says:
Now
more than ever, it seems that people are becoming increasingly aware of the
growing instability of the dollar. With the national debt climbing, and
the future of our nation’s currency looking less bright every day,
people are looking for ways to protect their wealth against inflation and the
ever-crumbling banking system. After doing some research, most of them
come to realize that purchasing precious metals like silver and gold is
the most reliable method for storing their wealth in a way that will ensure
that their hard-earned capital will retain its spending power and viability
despite an economy with a future that is shoddy, at best.
Jim,
at rocklincoinshop.com, says:
When
most people think of precious metals, they think "gold." So
when they consider purchasing precious metals, gold is the first thing on
their minds, because they automatically associate it with something
valuable. It's a cultural phenomenon that is ingrained into our
everyday lives. Gold Record for recording artists. Gold Medals
for Olympic champions. Everyday phrases like, "That guy is as good
as gold," or "this is a golden opportunity." It's human
nature.
K,
here at the jhmint.com says:
Most
of our customers are buying gold or silver because they all know the
government is going down the tidy bowl! Most of them choose to buy from
us because of our growing reputation, they read me online, or they hear about
us from family or friends, and they are hearing all of the horror stories
about other bullion dealers on the internet not being able to deliver, or
just taking forever.
Dave,
here at the jhmint.com says:
People
are just cashing in their CD's because they know they will get a better
return in silver and gold.
Call us to order silver or gold:
The JH MINT: (530) 273-8175
=====
So
those are the basics, it's really simple.
I had
an insight this week that I wanted to share with my readers, since you, like
me, try to convince others to own precious metals, and we usually are
ignored, scoffed at, or slandered. A common slander is that we are fear
mongers.
Will the
real fear mongers please stand up?
We
live in an age dominated by banking. Bankers own the Fed, the Fed funds
the government, and the government funds the schools. So who ultimately
writes the schoolbooks? Bankers. A typical college textbook on
economics is merely apologetics for central banking fraud. Thus, there
is no need to overtly command propaganda to the media, when the media is
trained correctly in college, they think silver and gold investors are
"backwards", "fear mongers", etc. It is actually
harder to convince a college educated investor to buy silver and gold than a
person who has not paid to be brainwashed in college, where the kids are
sleep deprived by final exam pressures and distracted by college parties.
So, we
are called fear mongers. A "monger" is simply a
salesman. It is said that we prey on people's fears, scaring them with
visions of an economic meltdown that supposedly never comes.
But in
truth, bankers are the fear mongers. Bankers play on people's
fears. What does a banker do? He holds your money for you,
primarily for two reasons. First, it's because you are supposedly not
responsible enough to invest it wisely, that's the banker's job, so they just
give you a small percentage in interest. Second, your money might be
stolen if you keep it at home, which is supposedly not a very safe place,
even though it's safe enough for you to sleep there in peace at night.
In
truth, I have to convince my customers to be brave. I have to convince
them that they are intelligent enough to wisely invest their money. I
have to convince them that the safest place for their money is at home, in a
vault that they can easily buy with a tiny portion of their own money.
The
objection is always raised, "What if someone comes to my home and
threatens me like in the movies?" I have to reply, that usually
happens only in the movies!
Today,
20% inflation rates would be as if thieves robbed 100% of all the assets of
every 5th home on the street, and got all their financial accounts, too,
every year. Nobody should put up with that. Common robbery is far
less common than that. Homes are mostly a safe place!
The
most common robbery, therefore, is the inflation of the paper money in your
wallet!
I have
to convince them that the silver and gold of 10,000 different investors, in
10,000 different vaults in 10,000 different homes, all owned by gun owners,
who live in a nation that has 80 million gun owners, is far, far safer than
pooling 10,000 different investors money into one place, guarded by just a
handful of low-paid security guards. It's an easy sell, because the
point is irrefutable.
Furthermore,
if the government ever does make silver and gold illegal to own, it's those
places that "hold" it for you, that will have to give it up to the
government, or who will be let out of their obligations to pay you anything,
because they don't have any silver or gold to pay you to begin with.
But
note, I'm not the fear monger. I sell courage in the face of
fear.
The
bankers fear silver. The bankers fear their own bankruptcy.
That's why they created the Federal Reserve in the first place, to bail them
out in case of their own failures, so they would be able to continue their
scams, even after they failed, rather than be shut down and be out of
business after a real bankruptcy!
So,
it's amazing that bankers and banker trained media slander precious metals
advocates as fear mongers, when the bankers are the real fear mongers.
Also, I'm amazed that it's taken me 10 years in this business to see this
insight. How dumb am I? But then again, the bankers have been at
this business for thousands of years. I've had to relearn and discover
most of the timeless truths about precious metals by reading the Bible, or by
thinking deeply about these things, or by reading what is available out there
on the internet.
I treasure such insights, and I always appreciate hearing from my readers,
even if I don't always have time to respond to everyone.
Call us to order silver or gold:
The JH MINT: (530) 273-8175
=====
My mom
has opened up a new Silver Shop in Sacramento, CA.
Mom's
Silver Shop
https://www.momssilvershop.com
3510 Auburn Blvd., #12
Sacramento, CA 95821
916 481-5656
They
are located in the shopping complex on the corner of Auburn Blvd. and Watt
Ave, just south of Highway 80.
They
have a smaller inventory, but have the same bulk suppliers, and are a viable
alternative if you live too far from the Rocklin Coin Shop, or the JH MINT.
=========
I strongly advise you to get real
gold and silver, at anywhere near today's prices, while you still can
.
Price
Board:
http://jhmint.com/cgi-bin/ssrbidask
Our Coin Shops are open 10AM to 5PM Pacific, Monday to Friday
100 oz. silver minimum, USA shipping, wire transfer only!
Janelle (530) 913 0553 silver_support1@hotmail.com
JH MINT & Coin Shop, Grass Valley, CA
(530) 273-8175
http://www.jhmint.com/
Rocklin Coin Shop,
CA, 15 min north of Sacramento
http://rocklincoinshop.com/
Or visit www.momsilvershop.com
(Mom will ship in
lots of more or less
than 100 ounces of silver, and overseas, and take credit cards or pay
pal.)
Sincerely,
Jason Hommel
www.find-your-local-coin-shop.com
www.silverstockreport.com
www.miningpedia.com
www.bibleprophesy.org
I
have 2 major resources on mining stocks to offer to you.
First,
look at www.miningpedia.com
It is a FREE comprehensive database of mining stocks. Anyone can update
or enter data, it's like wikipedia.com. Miningpedia has replaced the
"silver stock report" in that it is doing the legwork on individual
stock analysis that I used to do manually. This frees me up to do what
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Second,
I offer a "look at my portfolio" for $50/month; where I share a
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Please visit Silver
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stock picks.
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