Spare some silver?
No one has for 5000 years repealed the fact that the word for money is the same as the word for silver in the majority of countries around the world:
Nor has anyone yet repealed the law of demand, price and supply.
No matter the market, when supply decreases, the price goes up.
When demand increases, the price goes up.
The dollar supply of silver is less than the dollar supply of gold. The dollar supply of silver and gold is far less than the currencies of the world including Federal Reserve notes that have quadrupled the monetary base in four years:
http://research.stlouisfed.org/fred2/series/BASE?cid=124
Therein lies the rub for government and private speculators who seek to control markets and money to suit their purposes.
"Give me control of a nation's money and I care not who makes the laws."
- Mayer Amschel Rothschild, whose family owned the Bank of England
“I care not what puppet is placed on the throne of England to rule the Empire. The man who controls Britain’s money supply controls the British Empire and I control the British money supply.” - Nathan Rothschild
“We began planning the Revolutionary War in order to issue our own money again” - Benjamin Franklin
“I sincerely believe… that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale.” – Thomas Jefferson
“Banking was conceived in iniquity, and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from them, and all great fortunes like mine will disappear. And, they ought to disappear, for then this would be a better and happier world to live in. But if you want to continue to be the slaves of the bankers, and pay the cost of your own slavery, then let bankers continue to create money, and control credit.” - ABRAHAM LINCOLN
“Whoever controls the volume of money in our country is absolute master of all industry and commerce…when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” - James Garfield
The US Constitution thus declared no State may make anything other than gold and silver coin (legal) tender in payment of debts:
http://www.archives.gov/exhibits/charters/constitution_transcript.html
America survived the devaluation of its first national fiat paper currency, the Continental, by relying on silver. The Spanish Silver Dollar Piece of Eight, the first world currency, was legal tender from 1497 to 1857 in the USA:
http://en.wikipedia.org/wiki/Spanish_dollar
The US Mint Act of 1792 added copper to gold and silver coin with strict ore content, proportions and purity conversion standards enforced by the Secret Service and punishable by hanging if counterfeited or violated:
http://en.wikipedia.org/wiki/Coinage_Act_of_1792
The US Constitution also outlaws Bills of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts including bank deposits, gold contracts, Medicare, Pensions, Retirement Plans and Social Security:
http://www.archives.gov/exhibits/charters/constitution_transcript.html
A bill of attainder (also known as an act of attainder or writ of attainder) is an act of a legislature declaring a person or group of persons guilty of some crime and punishing them without privilege of a judicial trial, eg enemy combatant.
An ex post facto law (Latin for "from after the action" or "after the fact"), also called a retroactive law, is a law that retroactively changes the legal consequences (or status) of actions that were committed, or relationships that existed, before the enactment of the law.
In 1861 during the Civil War Lincoln declared martial law and retroactively removed the right of habeas corpus due process, meaning a lot more innocent people were killed during wartime without justice:
http://www.presidency.ucsb.edu/ws/?pid=69993
A writ of Habeas corpus English pronunciation: /ËŒheɪbiÉ™s ˈkÉ”rpÉ™s/; Latin: "may you have the body") is a writ (legal action) that requires a person under arrest to be brought before a judge or into court.[1][2] The principle of Habeas Corpus ensures that a prisoner can be released from unlawful detention—that is, detention lacking sufficient cause or evidence.
Lincoln issued Greenbacks to make an end run around New York Banks, agents for the European Money Power, who wanted up to 36% usury for loans to finance the Civil War. Lincoln and the Congress created Greenback Treasury Notes that inflated and devalued significantly, but were eventually redeemed by silver from the Nevada Comstock Lode of Mark Twain Virginia City fame:
http://www.xat.org/xat/usury.html
http://en.wikipedia.org/wiki/Comstock_Lode
Lincoln's Greenbacks were not popular with usury bankers:
"If this mischievous financial policy, which has its origin in North America, shall become endurated down to a fixture, then that Government will furnish its own money without cost. It will pay off debts and be without debt. It will have all the money necessary to carry on its commerce. It will become prosperous without precedent in the history of the world. The brains, and wealth of all countries will go to North America. That country must be destroyed or it will destroy every monarchy on the globe."
Hazard Circular - London Times 1865
Bankers can make the most money by financing both sides of wars:
“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.” – Woodrow Wilson, after signing the Federal Reserve into existence, before declaring World War I in
In 1933, after Hoover signed Smoot Hawley trade tariffs that led to retaliatory trade tariffs that dropped international trade -66%, FDR broke the US Constitution by retroactively outlawing gold contracts and confiscating domestic gold with a $10,000 fine (equivalent to almost $1 Million dollars today) and ten-year prison term threat, removing gold from the domestic commerce dollar and gold contracts from business:
http://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act
http://upload.wikimedia.org/wikipedia/commons/a/a1/Executive_Order_6102.jpg
FDR tried to stimulate the economy with World War II and a devalued dollar, some -80% from $20.67 an ounce of gold in 1932 to $37.25 an ounce of gold in 1945, Then he suffered a stroke like the President who started World War I, further illustrating the Broken Window Fallacy that we can't fix things by breaking them, can't get something from nothing:
http://onlygold.com/tutorialpages/prices200yrsfs.htm
http://en.wikipedia.org/wiki/Parable_of_the_broken_window
Gold dollar devaluation continued up to -108% in 1947 with the post world war II recession.
It took the 1929 stock market 25 years to catch up in nominal terms, much longer in the real terms of silver:
http://stockcharts.com/freecharts/historical/djia1900.html
In 1971 Nixon, facing budget and trade deficits from runaway government costs of LBJ's Great Society and Vietnam War, further violated the US Constitution by removing gold from the international trade dollar. After a secret Friday the 13th August Camp David meeting with Fed Chair Burns, Treasury Secretary Connally and future Fed Chair Volcker, Nixon issued Executive Order 11615, media popular price and wage controls with a 10% import tariff that pumped the stock market into 1973, but not the economy, eventually leading to a -45% Dow decline from 1973 to 1974:
http://en.wikipedia.org/wiki/Nixon_Shock
http://stockcharts.com/freecharts/historical/djia19601980.html
Nixon's abandonment of the gold currency standard basically broke the 1944 Bretton Woods ski resort international currency agreement and let currencies float in free markets and be briefly manipulated by Central Banks seeking trade advantage. But like Smoot Hawley Trade Tariffs, manipulated currencies invite retaliatory devaluations as we have seen with the Dollar, Euro, Yen and Yuan:
http://en.wikipedia.org/wiki/Bretton_Woods_system
Since 1985 the US Dollar went from 105 to 45, a decline in value of -57%, hurting family business, investors and savers alike.
http://www.shadowstats.com/alternate_data/dollar-index-charts
Since 1985, silver went from $5.45 to $49.82, a dollar increase of 9.14 times.
The Federal Reserve Note funny money mirage means silver did not appreciate so much as the dollar devalued, raising the cost of living for everyone.
Since 1985, the Standard and Poor's 500 largest stocks went from 180.66 to 1618.46, an increase of 8.96 times, almost a wash with silver for the last 28 years.
Then the economy changed, with budget, business, household and trade deficits for a generation catching up to reality. Corporate government created a casino economy based on speculation rather than production.
Since 2000, silver went from $4.0650 to $49.82, an increase of 12.25 times:
Since 2000, the SPX went from 1498.58 to 1618.46, an increase of just .08 in thirteen years.
So silver outperformed stocks 153 times these last thirteen years.
The $64 Million dollar question is always about the future.
Which would we rather hold and use to make sound financial decisions that can overcome or see through the fiat funny magic money mirage?
Do we want Internet Electron accounts that can be turned off by profligate government or robbed by hackers?
Or do we prefer legal tender physical silver retirement coins minted and guaranteed by the US Mint and Secret Service in our possession?
Millions of buyers from America to Australia to China to Dubai to Hong Kong to India to Istanbul to Singapore to Zurich voted with their money to buy physical precious.
They set three-year records on recent virtual precious pullbacks orchestrated by Central Banks and their Primary dealers to shore up the international financial system as the global economy contracts:
http://www.bloomberg.com/news/2013-04-30/u-s-mint-sales-of-gold-coins-at-three-year-high-on-price-drop.html
So despite the US Constitution and the US Mint Act requiring gold, silver (and copper) money, what are we doing with all of those virtual electronic Fiat Federal Reserve notes backed by compounding debt usury transferring wealth from producers to bankers?
We saw these last thirteen years silver outperformed the dollar 12.25 times.
We saw silver outperformed stocks 153 times.
Of course, any given time window to past performance does not guarantee future results.
So let's take a good hard long look at the price/value of stocks in terms of silver now:
http://stockcharts.com/freecharts/gallery.html?%24spx%3A%24silver
We can see easily and clearly that SPX/Silver bottomed at $26.14 in August 2011 when we shared many profitable stock buys, including AAPL +100% and XOM up +41% in less than two years.
On 15 April 2013 SPX/Silver topped at 68.37, up 2.6 times in less than two years and we gave our 15% correction signal, masked by nominal gains and dollar devaluation.
We do not like to gamble, although favourite Revolutionary is a beautiful horse at 5:1 odds.
[Orb turned out to be the morning line and last minute favourite, and won the Derby.]
We think these next two years may not be so kind to stocks versus silver.
If you agree and find this information valuable, consider tithing a tenth of your increase, past, present or future, to further good works.
Four generations of my family proved they could not outgive Creator by deciding to give ten percent of past, present or Future increase.
If they wanted a million dollar increase, they gave $100,000 to a good cause.
The journey of a thousand miles begins with a single step:
"New International Version (2011)
Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this," says the LORD Almighty, "and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.:
Based on a letter to clients over the weekend, it appears ABN Amro is changing its precious metals custodian rules and "will no longer allow physical delivery." Have no fear, they reassuringly add, your account will be settled at the bid or offer price in the 'market' and "you need to do nothing" as "we have your investments in precious metals."