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I was very pleased today to read Eric Sprott write about how and
why silver will return to use as a currency! I AGREE!
http://silverdoctors.blogspot.com/2012/02/eri...currency.html
This process will start slowly, but can proceed very rapidly, once it
starts. Fundamentally, it should start out with people first using
silver as a form of savings. Our customers do this when they place
orders for silver from us, at target="_blank" www.jhmint.com.
Next, people will use silver as a unit of account (as we do in our
business as a bullion dealer). If we are not growing ounces, I'm losing
money in business. After all, I can get capital gains in dollar
form in the silver by letting it sit and do nothing, and watching the price
increase. The bullion trade, actually taking a risk, and doing work,
should result in increased ounces of silver. If I let myself be
deceived by "increased dollars" in the pile of bullion as the price
rises, I might actually be taking losses in silver ounces, and not know it,
if I'm not careful. Thus, I must account in terms of ounces of silver,
and use silver as a "unit of account".
Finally, and this is the last step, people will use silver as
a unit of exchange, or as a currency.
The process of silver being used as money is accelerating now, as Eric Sprott
notes that a few mining companies are using Sprott's silver ETF,
PSLV (which I respect and have recommended for a few years now)
as a form of savings. Notably, Endeavor Silver and First Majestic,
two great silver mining companies that have the right management perspective
on their own product!
Eric notes the excellent investment fundamentals of silver vs. gold in the
USA, most notably, that investors are pouring about equal amounts of money
into silver as gold. Or actually, investors are buying slightly more
dollars of silver than gold! Thus, investors are buying about 50
times as much silver ounces as gold! (In the USA). And yet,
the world only mines about 11 times as much silver ounces as gold. This
means that as the US dollar fails, and as US investors continue this trend of
buying the precious metals in nearly equal dollar ratios, and begin to
actually buy their "fair share" of the silver and gold markets, and
then, finally, more than their fair share as the dollar continues to inflate,
that silver prices will go up much faster than gold prices.
Here is an excellent article I wrote a few years ago on this topic, of why
silver is money, even though no nation is currently using it as a medium of
exchange, or currency. Please read it as a great review of the
fundamentals of why you need to buy, hold, and save, in terms of silver!
Why Silver Is Money
(Phoenix Silver Summit Workshop Speech)
target="_blank" http://silverstockreport.com/2009/Phoenix-workshop.html
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I strongly advise you to take possession of real gold and silver, at anywhere
near today's prices, while you still can. The fundamentals
indicate rising prices for decades to come, and a major price spike can
happen at any time.
JH MINT & Coin Shop
13241 Grass Valley Ave
Grass Valley, CA 95945
(530) 273-8175
target="_blank" www.jhmint.com
Minimum telephone order $5000 for free shipping, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank
holidays. (Also Closed from Dec. 25th to Jan 1st)
Kerri handles internet phone orders:
target="_blank" kerri.jhmint@yaoo.com
(530) 273-8822
NEW Location in Auburn,
CA!
JH MINT Silver & Gold
1760 Highway 49 A140
Auburn, CA 95603
(530) 889-1086
www.jhmint.com
You can also buy silver from my mom a target="_blank"twww.momssilvershop.com
Mom will ship overseas, even large orders up to $300,000 or larger, and also
in lots of more or less than 100 ounces.
3510 Auburn Blvd #12
Sacramento, CA 95821
I hereby endorse Ron Paul for President.
target="_blank" http://www.ronpaul2012.com/
Sincerely,
Jason Hommel
target="_blank" www.silverstockreport.com
target="_blank" www.bibleprophesy.org
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