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Why earn 1-3% in Bonds, When silver and gold have done this?
Gold is up 14.5% per year
since 1999 (averaged) from $255/oz. to $1130/oz. over the last 11 years.
Gold is up 9.3% per year since 1971 (averaged) from $35/oz. to
$1130/oz. over the last 39 years.
Silver is up 22.7% per year
since 2003 (averaged) from $4.15/oz. to $17.33/oz. over the last 7
years.
Silver is up 5.6% per year since 1964 (averaged) from $1.40/oz. to
$17.33/oz. over the last 46 years.
Calculations for the average
annual percentage gain was courtesy of http://www.smartmoney.com/compoundcalc/
Use the online calculator to check the math of the average annual
compounded gains for yourself.
If you had invested $10,000 in
a 10-year CD paying 3% in the year 2000, you would now have $13,493.
If you had bought $10,000
worth of gold in the year 1999 (gold, which pays no interest) you would now
have $44,355 worth of gold.
The gold would have been about
39 gold troy ounces, and you would still have those same 39 gold coins or
bars today, but they would be worth over 4 times as many paper dollars.
But if you had trusted paper
promises to deliver gold or silver, such as US dollars in 1971 or 1964, you
would not have had any gain at all.
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I would like to highlight the
work of Bix Weir at
http://www.roadtoroota.com/
He has done a fantastic job
doing independent investigative reporting on the secret dealings in the gold
world. The highlights of his work include featuring a comic book by the
Boston Fed, called "Road to Roota", which seems to be a metaphor or
teaching guide for returning to using gold as money.
Recently, Bix published a Gold
quiz. Wonderful. See here:
http://www.roadtoroota.com/public/197.cfm
Bix also published a list of
some 17 suggested guidelines for how the CFTC should regulate the gold
market, in case the CFTC actually cares. I'm more skeptical that the
CFTC would or could do anything.
New CFTC Gold/Silver
Regulatory Framework
OPEN LETTER TO THE CFTC
March 9, 2010
http://www.roadtoroota.com/public/207.cfm
Take, for example, suggestion
number 13
13) Engage Outside Expert
Consultants -- As far as I know the CFTC has NEVER hired an outside expert on
the gold or silver markets even though there are many who are willing to
assist them for FREE! Not only does this raise suspicion about their
competence but it begs the question of WHY NOT? I'd like to suggest that the
CFTC create a "Panel of Outside Expert Consultants" to assist them
in understanding the gold and silver markets.
If they consulted me, perhaps
I'd say, "Admit that you can do nothing, and terminate your entire
agency to save money for taxpayers, and eliminate the fraud of suggesting
that you are actually able to 'regulate' these markets that are not markets
at all, but contracts of enslavement." Or, perhaps I'd say,
"Prosecute JP Morgan to the fullest extent of the law for the clear
fraud that you know they are engaged in by selling excessive futures
contracts for silver, put all the executives in jail for seven years, and
terminate all their silver and gold short side contracts immediately with a
cash settlement close out at current spot prices, and close down all new
short selling in precious metals futures contracts for at least the next
year, unless there is 100% of the metal on deposit to back up each new short
contract." That, of course, would drive the gamblers to a new
jurisdiction, many of which are already set up in other parts of the world,
and would change very little, except that the CFTC might reveal some of the
fraud to some people who might be paying attention.
My point is that people are
willingly deceived by paper contracts that cannot be honored, and until and
unless the people wake up to the fraud, and buy physical instead of all forms
of "paper gold," including paper bonds, inflation adjusted bonds,
soverign debt default swaps, exchange traded funds, "over the counter
precious metals derivatives", "bullion accounts", pool
accounts, and gold and silver certificate programs (and not just futures and
options on futures which are only a little part of the market of fraudulent
bullion trading) then the deceptive practice of selling of paper metal will
continue.
In the end, nobody will trust
any paper contracts, and physical metal will have its day in the sun.
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I must report reader responses
to my comments on 9-11, based on my last article:
http://silverstockreport.com/2010/silverordeath.html
One man reports that Flight 93
exploded in mid air, as can be verified by other reports, and the size of the
debris field.
Another man reports that there
was no "stand down" order for the US Military.
Another very well trusted
source says that the jet fuel was indeed enough to cause the buildings to
burn and collapse, and he should know, he was both a military and civilian
pilot.
I looked up
"thermite" since that is accused to be a "source" of the
collapse. According to several articles on wikipedia, thermite can be a
number of combinations of metals that can burn at high temperatures, including
aluminum and even calcium. Clearly, harmless sources of aluminum could
have already been in the building, and also, so could calcium.
Another reports that the twin
towers were designed to collapse, and that general government incompetence
suggests that the entire event could not be a "government job".
Nevertheless, I still have
questions about tower 7, which was not even mentioned in the official 911
commission report, nor any of the people who wrote to me.
BBC Reported Building 7 Collapse 20 Minutes Before It Fell
http://www.youtube.com/watch?v=C7SwOT29gbc
Why was it reported to have
collapsed before it collapsed, unless there were scripts for news agencies
written in advance, and the wrong script was read at the wrong time, due to
such "incompetence"? And if the news was created in advance,
then this was, indeed, an inside job that transcended nations. If the
news agencies knew, and were in on it, why were they not prosecuted?
While I'm asking, why where the people who engaged in short selling the
airline stocks never tracked down, and identified, and prosecuted?
If their brokers are hiding the identies of the traders, why are the brokers
not prosecuted for "obstruction of justice"? Were the brokers
in on it? It seems as if big brokers or banks are in control of
everything these days, including our government.
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I must report further on the
USS Liberty attack, based on a reader's response.
A man reports that it was
general governmental incompetence, on both sides, that led to a mistaken
attack by Israel on the USS Liberty during the confusion of the 1967 war.
http://www.jewishvirtuallibrary.org/jsource/H...y/liberty1.html
That's a rather interesting
report, and I did not have time to read more than half of it.
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According to free market
principles, no man can ever know enough about everything to direct some sort
of "top down" directives to people to make an economy work.
Similarly, I make mistakes from time to time.
I have "read" that
there was a 'stand down' order for US military jets to not intercept the
terrorists flights on 9-11, and that when a commercial jet goes off course,
military jets are always there within 20 minutes, and yet, on 9-11, some of
the jets were off course for over an hour. But, of course, I don't KNOW
those things, it's just what I've read. True or not true? I
remain suspicious and skeptical of our government, and I do KNOW that our
government routinely lies to us about money and many other things, and
continues to violate the Constitution in so many more ways each day, so why
should I trust them about anything else? If they want credibility, they
should start by telling the truth, especially about the nation's
money!
And so, I still have questions
about 9-11, and the attack on the USS Liberty.
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A man who bought silver from
us asked me for a price. I responded in email: We can buy a bag
of 90% at about $11,778.48. That's 5% under spot x 720 oz.
He responded: Thank you
for your generous offer, but I took it to a local coin shop yesterday before
hearing back from you and sold it at a loss at $10,950 (unfortunately).
I will always in the future
try to buy and sell to you. I can see that you are more than fair.
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Again, I will re-iterate what I wrote in my last email:
Buying silver is not
only directly good for your own prosperity, it is also one of the most
effective ways to non-violently resist and dismantle
deadly totalitarian empires, whether they are growing up in
America, or around the world. Ultimately, free market principles
win. Top-down totalitarianism (including price fixing and market
manipulations) always fails, because it does not have a pricing
mechanism to know if what they are doing is profitably sustainable, and thus,
ultimately, they cannot pay for their errors.
Buying silver is 80 times
as effective as buying gold, if not more effective. Why?
Because it will take far less money to move the silver market up, which
reveals the fraud of paper money all the same, and thus, thwarts the
thieves of their ability to steal through issuing ever more paper money,
which prevents them from paying the salaries of their thugs.
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