eEconomics - ep. 4 - Fiscal Cliff and Income Taxes

 

Your prayers have been answered! David Angelo makes an epic return to take on the elites in Washington, on Wall Street, and in Hollywood - all while neglecting to frame a shot with adequate headroom!

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Silver’s Up 675% Since 2001; Here’s Why It Will Go Higher [from silverdoctors.com]

As I have written in these pages before, I expect silver prices to outperform gold prices in the years ahead. That opinion hasn’t changed.
As gold prices started their flight upwards back in 2002, silver prices followed a similar pattern. Below is a price chart of monthly silver prices since 2001—when gold was trading just below $300.00 an ounce.

Silver Bullet Silver Shield Freedom Girl Collection  at SDBullion.com!!

Submitted by Michael Lombardi, for Profit Confidential

Chart courtesy of www.StockCharts.com

Silver prices traded as low as $4.00 an ounce in late 2001 and climbed to highs of almost $50.00 an ounce in 2011. While silver prices have retraced a bit, the metal is still up more than 675% from its lows in 2001. Meanwhile, gold prices have risen by about 466%; from $300.00 to around $1,700 an ounce today.

I see a future where silver will become the focus of investors, while gold will be bought by the central banks. We are starting to see that happen at accelerated pace now. You have read extensive articles in Profit Confidential documenting the gold buying of many central banks. And investors are already rushing to buy silver.

To give you some perspective, the U.S. Mint has halted its sales of 2013 American Eagle silver coins, because it ran out of them. Yes, the U.S. Mint ran out of 2013 silver coins! Sales for 2013 silver Eagle coins surpassed five million ounces. (Source: Reuters, January 17, 2013.)

In addition, investors are turning to alternative ways of buying silver. The biggest Exchange Traded Fund (ETF), called the I Shares Silver Trust (NYSE/SLV), saw its holdings of silver rise to the highest level in five years. The fund has purchased $579 million worth of silver to bring its total holdings to 10,735 tons.

According to data collected by Bloomberg and Barclays plc, the demand for silver investments is 19,114 tons through exchange-traded funds globally, which equates to about nine months of supply from mines.

This sudden investor interest in silver shouldn’t be surprising to my readers. As central banks print more fiat currency, accordingly, silver and gold prices will rise.

With the economies of many countries suffering, money printing will be the “savior” of choice for central banks, and because of that, I expect to see silver prices increase significantly over the next couple of years.

Michael’s Personal Notes:

The jobs market in the U.S. economy has attracted attention, as the employment rate has fallen marginally below eight percent for the first time under the Obama Administration. Some are even going as far as saying the U.S. economy is witnessing economic growth.

I have a different view. I believe the jobs market is fundamentally broken and, hands down, the biggest hurdle to economic growth in the U.S. economy. The truth of the matter is that the jobs are being created in industries where wages are low and there are millions of Americans who are still unemployed.

Now, after roaring into a new year, some U.S. companies are facing hardships as their sales outside the U.S. come under pressure. We have already seen companies like Morgan Stanley (NYSE/MS) and Citigroup, Inc. (NYSE/C) make cuts to their domestic workforces. Companies like American Express Company (NYSE/AXP) are following in their footsteps.

Amex, as it is better known, is planning to cut 8.5% of jobs, or 5,400 jobs, from its workforce. (Source: Reuters, January 10, 2013.)

Sadly, it’s not only the private sector witnessing job cuts and poor jobs market conditions; local governments are doing the same. In December, 11,000 jobs from public schools were slashed in the U.S.—this marked the fourth straight month of local government cutting jobs. (Source: Reuters, January 4, 2013.)

Longer term, since August of 2008, local governments in the U.S. economy have cut about 300,000 teaching and other school jobs.

Could the U.S. jobs market rebound be nothing but a hoax? If you take out all those low-paying jobs being created, the jobs market situation is indeed frightening. You can’t have a real economic recovery when job creation is concentrated in low paying jobs like retail and service industry jobs. U.S. consumer spending accounts for 70% of U.S. gross domestic product (GDP). At the rate we are going, low-paying jobs will soon account for 70% of all U.S. jobs!

The longer the jobs market stays shaky, the longer it will take the U.S. economy to see economic growth. If people don’t have well-paying jobs, or they are earning less than they did before, they will spend less, as savings can only last for so long. Hence, you can see why I’m so suspicious about the so-called economy recovery more and more people are talking about—something I simply don’t believe exists.

Where the Market Stands; Where it’s Headed:

The higher the stock market moves in the next couple of weeks, the harder it will fall. I don’t believe corporate earnings in 2013 will justify rising stock prices. This is why I see 2013 as a turning point for the stock market rally that started in March of 2009.

What He Said:

“As a reader, you’re aware I’m not a Greenspan fan. In the years that lie ahead, I believe we (and our children) may pay dearly for the debt bubble Greenspan created during his tenure as head of the U.S. Federal Reserve.” Michael Lombardi in Profit Confidential, March 20, 2006. Michael started talking about and predicting the financial catastrophe we began experiencing in 2008 long before anyone else.

Originally posted at: http://www.profitconfidential.com/gold-investments/silvers-up-675-since-2001-heres-why-it-will-go-higher/

U.S. Mint Has Already Sold Over 6 Million 1 Ounce Silver Eagles and Is Temporarily Out Of Stock.

According to this article: http://news.coinupdate.com/us-mint-temporarily-sold-out-of-silver-eagles-1815

The U.S. Mint Has Already Sold Over 6 Million 1 Ounce Silver Eagles and Is Temporarily Out Of Stock.

US Mint Temporarily Sold Out of 2013 Eagles

According to the article above, the most recent number for 1 ounce silver Eagle Coins sold by the U.S. Mint was 6,007,000. With the market price (spot) bouncing around $31.87 and as of today we have crossed into the $32 per oz. range.

Michael Zielinski of coinupdate.com said in a past article "Today, January 7, 2013, the United States Mint began accepting orders from authorized purchasers for 2013-dated American Silver Eagle bullion coins. The opening day sales tally of 3,937,000 coins seems to represent the highest one-day sales total in the history of the program." Read More At CoinUpdate.com

Photo Property of Brandon Holsey 2013

This certainly fits into the category: Ridiculous.

Multi-Million Dollar Gold Heist Alibi Released.. @ SilverDoctors.com

Feel free to comment and leave your two cents. What do you think? Do you believe the 'official story' or not?

Missing Russian Gold Ship Found at Bottom of the Sea, Crew Still Unaccounted For | Maritime News | Maritime Executive Magazine

Missing Russian Gold Ship Found at Bottom of the Sea, Crew Still Unaccounted For | Maritime News | Maritime Executive Magazine

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Money in the Bank: Are you going to be Safe or Sorry?

T'was the night before the FOMC meeting... Dissecting Media.

This is my "I told you so" QE3 to ∞ video that I made the night prior to the QE3 to ∞ announcement

           It didn't take a rocket scientist to understand that QE3 was inevitable because we all saw QE1 and QE2 fail. "Quantitative Easing" or trying to print your way out of debt with more debt is simply never going to be the answer that Bernanke, The Federal Reserve, US government, or the people are looking for. We need a solid solution; we don't need another temporary fix to a permanent problem. Monetization of debt is very dangerous for even the biggest governments. Debasing the dollar is causing a certain 'invisible' harm to the American people and the world right now. Governments are stroking the pockets of big banks and printing us into oblivion. Watch this video as I show the 60+ million websites arguing about whether or not QE was coming. I found this hilarious. Why is nobody worried about the consequences? Maybe because they are too busy wagering ego points to see who "called it". Get real folks. We need to think about plan a, b , and c because the frivolous leaders in office aren't fixing it. In fact, they are making the end result much worse. Stop leaving in the hands of a few to fix the problems of many. Thank You For Paying Attention. Now Pay It Forward.