Gold 24-04-2011

Source:http://www.publicgold.com.my

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Silver 24-04-2011

Source:http://www.publicgold.com.my

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Your Hidden Fuel

Source:http://www.anthonyfernando.com/2011/04/21/your-hidden-fuel/
by anthony on April 21, 2011

Many people think of dissatisfaction as a negative emotion that should be suppressed or denied, but in actual fact dissatisfaction is one of the most important ingredients for success.

Time For Change

What most people don’t realize is that dissatisfaction is a powerful form of fuel that has been the driving force behind many of the world’s greatest achievements.

You see, in order to be dissatisfied, you must want something.

And if you can identify what it is that you want and then stoke the fuel of your dissatisfaction, at some point it will ignite and propel you to take action.

Here’s an example that illustrates how this works in the real world.

Yani was a concierge in a large city hotel. He always did his best to help hotel guests and tried to maintain a positive attitude, however, deep down Yani was dissatisfied with his job and career prospects.

Whenever Yani became aware of his dissatisfaction, he tried to suppress it. He told himself not to have a negative attitude and to just accept his lot in life.

However, one night after dealing with a particularly rude and arrogant guest, Yani knew he had to face facts – he was dissatisfied and it was time to do something about it.

He analyzed his dissatisfaction and after a considerable amount of thought, Yani realized that what he really wanted was to pursue his interest in computers and technology, but he had no idea how to go about making such a major life change.

He knew he could not just quit because he had bills to pay, but over time Yani’s dissatisfaction continued to grow and like fuel to a fire, it increased his desire to make a change.

When Yani came across an advertisement in a newspaper for adult night classes in computer programming, the fuel of his dissatisfaction ignited and propelled him into action. He rearranged his hotel shifts and immediately enrolled in the course.

Two years later, Yani walked through the lobby of the hotel with a laptop bag across his shoulder. The computer consulting company he now worked for was holding a conference in the hotel function centre.

The hotel hadn’t changed, but Yani had. Fueled by his dissatisfaction, he had taken action and had succeeded in changing his circumstances and the direction of his life.

“Dissatisfaction is man’s driving force.”
- W. Clement Stone

So the next time you feel dissatisfied about something in your life, instead of dismissing or denying your dissatisfaction, recognize it for what it truly is – a hidden fuel that can spur you on to achievement and success.

Remember that if you are dissatisfied, then you must want something. Spend the time to clarify what it is that you want, and utilize your dissatisfaction to propel yourself into action and make your dreams a reality.

Until next time,

Dare to Dream!
Anthony

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Silver Projected To Hit $90 Before The End of 2011 - GoldCoinBlogger

Elizabeth Kraus

While Paul Ryan’s proposal will do nothing to reduce health care cost but do the opposite, where individuals will have to carry a heavier burden, is not a “path to prosperity”, as the Ryan plan was titled. To summon up the words of the dean of progressive social policy, FDR who was asked his opinion of the platform of the American liberty League in 1935, which like the Ryan’s cabal, aimed to dismantle the New Deal under the guise of preserving individual rights and free enterprise, he told reporters, “say you shall love God and then forget your neighbor. For people who want to keep themselves free from starvation, keep a roof over their heads, lead decent lives, have proper educational standards, those are the concerns of the government.” Those are still the concerns of the government today, and to say we can’t afford them is an affront to the working people who built America today.But where ideals today lead us? Already a substantial percentage of the American people are feeling quite stressed, and they know, we are heading for some really difficult economic times– all the while looking to the government for personal bail outs. However, while this economy has millions of Americans feeling depressed, it is not the appropriate response, nor will it solve anything. Rather, once we understand just how bad our economic problems are, we should feel empowered, because then, we can start focusing on real solutions. And somebody really needs to start focusing on solutions because panic is starting to abound as already many top corporate insiders are selling off stock like there is no tomorrow. The biggest bond fund in the world, PIMCO, has been getting rid of all of their U.S. Treasuries. When Wall Street big shots starts freaking out you know that the hour is late. And, it certainly doesn’t help that the Middle East is in a state of chaos and that the Japanese economy is falling apart as a result of the recent disasters. So, in these uncertain times is where critics of investing in gold and silver really drive home … to own gold or silver to really save you, you might ask, is it really worth it? According to the Regal Assets analyst PIMCO is just another addition to the many who have been ditching U.S. Treasuries. “China has been unloading billions of dollars in U.S. Treasuries and will continue to unload as the dollar depletes in value” Regal Assets stated this morning in an interview.

In this economy, a lot of people have questions about silver and gold. As investors are turning to real “global currencies” such as gold, silver and oil, the answer suggests that paper currencies are not only becoming worthless, but rampant inflation is on the horizon, that says to analysts, gold and silver is the only safe haven…predicting that silver prices will reach as high as $100 in 2011 and $250 by 2015.

So, if one asks, is it worth it? Why is China buying like crazy! China’s silver consumption already accounts for 70% of the global total of industrial use, and its middle class isn’t even close to reaching its spending potential. But, China’s impact on the market isn’t the only thing catching the attention of silver analysts. As the global economy expands its size and reach… as technology advances… and as more ways to buy silver become available… as silver supplies have dwindled… more factors began affecting the price of silver more exclusively – for better or worse, which makes silver quickly gaining serious value in many highly profitable industries. Although it’s a less active and lower-volume market than gold, which means that purchases, even by individual investors, can make an impact on prices, 100 silvers buyers purchasing the same amount of metal as 100 gold buyers will have a bigger impact on the market. Think how much prices can spike when millions of Chinese investors flood the market with bids to purchase silver. Now, combine that with the global return of industrial silver demand.

Martin Hutchinson of Money Morning believes both silver and gold will continue climbing into 2011 and beyond. If enough investor momentum gains – and if China’s push for individual silver investment intensifies – he believes silver could peak past $100 in 2011. But that’s just the beginning. Silver could top out at $250 oz. in the next five years, as global mine production crawls in the face of increasing consumer and industrial demand. That’s an increase of more than 1,150% over current prices. Bear in mind that silver prices have been moving as fast if not faster than gold. So those who want to invest in silver better pull the trigger soon, or be prepared to watch from the sidelines as silver’s price explodes upward.

Matt Turner at Mitsubishi said this week, “one ounce of silver briefly rose above 40 of today’s US dollars per ounce in 1864, when the American Civil War neared its climax. In nominal dollars, the Hunt brothers’ multi-billion-dollar corner only saw it more highly priced on 5 trading days in January 1980. And while US investors waiting to buy silver are also still waiting for it to record a new intra-day high, it’s already broken new ground against the British pound and for most of the Eurozone, too.”

The cause? Gold investors have long tried to explain how metals are “telling us” something. “First warning” of the looming financial crisis, said Marc Faber in his Gloom, Boom & Doom Report of September ’07, was when “the price of gold more than doubled in nominal terms and against the Dow Jones Industrial Average [because of] ultra-expansionary US monetary policies with artificially low interest rates.” In which case, and with global interest rates further below zero today after inflation than at any time since 1980, what in the hell is silver telling us now?
“TIPS pay a lower rate of interest than regular Treasuries,” explained Bloomberg News when the yield offered by 5-year Treasury Inflation Protected Securities briefly dipped below zero (and $20 silver broke a 28-year high) back in March 2008. [That’s] because their principal rises in tandem with a version of the consumer price index which includes food and energy prices. Rising demand for TIPS [which pushes up prices and so pushes down the nominal yield] indicates investors expect the inflation adjustment to make up the difference.”

What great expectations TIPS buyers must have of Uncle Sam’s “inflation adjustment” today! They’re buying 5-year index-linked bonds with a nominal yield of minus 0.6%, anticipating a full 2.8% per year fillip from Washington when compared with the annual yield now offered by conventional 5-year bonds. And what greater hopes still must the new rush of silver investment hold…rejecting TIPS in favor of metal, and breaking silver’s tight connection with both gold prices and TIPS yields. The point that broke silver higher – was right when Fed chairman Bernanke vowed to begin QE2 in summer last year. That a fast-growing nugget of the world’s private wealth is fearful of the result is clear. That silver looks a turbo-charged play is clearer still.

There’s no bull market like a silver bull market, in short – just ask the Hunt brothers ahead of their bankruptcy, eight years after their corner blew up with the big inflation-fueled 1970s’ bull market. Double-digit Fed interest rates popped the bubble back then (plus a good dose of anti-speculative action by regulators and the exchanges, otherwise known as “saving the system” of course. It was sparked in turn by the Hunt brothers’ own naked greed, otherwise known to them as “inflation protection”). The most recent time silver got hot, however, it took oil at $150 and then the Lehman Brothers’ collapse to do to GDP growth and commodity prices what central bankers wouldn’t dare. Because raising interest rates to double digits to kill a “speculative frenzy” wasn’t politically possible. Silver’s and gold’s Bull Run on inflation. Which is worth bearing in mind whether you’re quitting, holding, ignoring or looking to buy gold or silver today. Did anyone imagine gold at $1492.40 or silver at $42.40? Well there you are!

Source: http://goldcoinblogger.com/silver-projected-to-hit-90-before-the-end-of-2011/#more-2955

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S&P forecasts gold prices will remain high in ‘next year or so' - Mineweb

Standard & Poor's expects gold prices to remain high in the next year because of economic challenges in Europe, increasing global inflation and potential economic fallout from the Japanese earthquake.

Author: Dorothy Kosich

RENO, NV -

In an industry economic and ratings outlook released Tuesday, Standard & Poor's forecast that most U.S. and Canadian metals and mining companies will improve their operating performance in the first half of this year, "reflecting a rise in average prices and strengthened end-market demand."

S&P Primary Credit Analyst Marie Shmaruk and Senior Economist Beth Ann Bovino also noted that prices of the yellow metal--in response to global political uncertainties and fears of inflation--have remained high, averaging nearly $1,400 per ounce, year to date. "We expect gold prices to remain high in the next year or so because of economic challenges in Europe, increasing global inflation, and a potential economic fallout resulting from the earthquake in Japan," they forecast.

Meanwhile, the analysts observed that 60 U.S. and Canadian metals and mining sector companies have positive or stable rating outlooks.

"In our view, these companies would be able to withstand a period of weaker-than-expected market conditions, similar to what occurred at the end of 2010, without significant credit deterioration, and a resumption of slow steady growth could potentially result in higher ratings for some companies," they said.

"For those with negative ratings outlooks or on CreditWatch with negative implications, we're generally concerned about whether market conditions will be strong enough to support the ratings."

Since S&P published its last industry outlook in January, one company, James River Coal, has been upgraded by the analysts while no mining and metals company has been downgraded.

Shmaruk and Bovino observed that the global demand for metallurgical coal is strong, while the steam coal business still has not recovered to pre-recession levels. "However, most metallurgical coal operations are enjoying high pricing and a strong export market."

"Still, the regulatory costs of the EPA's clean air and water rules and increased scrutiny of underground mining in the U.S. remain key risks," they cautioned.

Meanwhile accelerating coal mining merger and acquisition activity has affected overall credit quality, and the analysts expect consolidation to continue because of cost pressures and the need for companies to diversify and expand their operations.

Favorable base metals prices continue

In their analysis, Shmaruk and Bovino noted, "Copper prices are robust, averaging more than $4.30 per pound thus far in 2011 compared with $3.40 for all of 2010."

"With strong demand from China and slowly improving demand outside of China, along with relatively constrained supply, we expect prices to stay high enough to support producers' current ratings."

Meanwhile, the analysts also observed that aluminum prices are continuing to strengthen with prices above $1.15 per pound compared with an average of 99-cents per pound for all of 2010.

"However, still-high London Metal Exchange (LME) inventories could spur declining prices, especially if substantial supply comes to market," they said. "We believe most of the LME inventories are backing financial transactions and are not readily available."

The analysts suggested overall liquidity for most metals and mining companies remains adequate.

"Most metals and mining companies have sufficient liquidity to withstand the volatility inherent in these businesses. Over the next year or so, if the economy continues to improve as we expect it will, most companies are likely to use some of this liquidity to fund increases in working capital to accommodate higher business volumes, prices and costs."

"Many companies are also expanding their capital programs, restarting projects deferred during the recession, and investing to improve their costs structures," S&P noted. "We expect that most industry participants should generate sufficient cash flow to fund most of their capital spending and still have borrowing capability to accommodate working-capital growth."

Source: http://www.mineweb.com/mineweb/view/mineweb/en/page67?oid=125017&sn=Detail&pid=102055

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Gold finds support in China & India - Mineweb

Investors in both India and China are becoming increasingly wary of inflation and are buying gold items to hedge inflation risk.

Author: Shivom Seth

MUMBAI -

Interest in gold from individual investors, particularly in India and China has risen significantly in the last few years.

Metals consultancy GFMS Ltd noted in its Gold Survey 2011, that investors across the globe accounted for 19% of the world's 166,600 tonnes of gold last year.
But questions remain about exactly how such investment will play out given the massive uncertainties at work in the world economy.
Part of the reason for this is continued concern about the global economy and, in particular the massive debt burden being borne by the US, Japan and Europe.

On Wednesday, April 13, the US dollar index was up 0.14% after President Barack Obama outlined an ambitious budget plan calling for $4 trillion in cuts over 12 years.

Gold kept rising tentatively in the international market, and rose further in India on Thursday morning but, analysts maintain that gold will look to Friday's inflation readings out of the US and China for further direction.

Traders added that China is set to implement a prudent monetary policy ranging from rate hikes to higher reserve requirements. Given that China could tighten its money supply, the next week would be a testing time for gold, analysts have said.

China story

On April 5, China's central bank raised interest rates for the fourth time since October 2010, indicating the Asian major's urgent need to control rising inflation.

Bullion analyst in a brokerage firm in Mumbai, Shailendra Shah said that a new report is expected from China soon, which will indicate the inflation rate in March, industrial output and first quarter economic growth figures.

``This will let us know how Beijing will continue with its policy measures and will also give us an indication of the way ahead for the price of gold,'' he said.
A Vaidya, analyst with broking firm Religare Securities told Mineweb that in January 2010, China had recorded an inflation rate of around 1.5%. Some 12 months later, the scenario had changed drastically, with the rate of Chinese inflation climbing to 4.9%.

``The Chinese government has tried to curb the inflation via several measures. One has to understand how this is affecting the movement of gold on the international bourses,'' said Vaidya.

He noted that China's largest bank had started a physically-backed gold savings account in December 2010, aided by the World Gold Council. Account openings have reportedly surpassed 1 million, with more than 12 tonnes of gold having being stored on behalf of investors.

That interest for gold is high in China was also supported by a UBS AG report, that noted purchases by China had increased to 200 tonnes in the first two months of 2011. The nation imported more than 300 tonnes last year.

ICBC, the world's largest bank by market value, sold about 7 tonnes of physical gold in January 2011, which was nearly half the 15 tonnes of bullion sold in the whole of 2010.

Zhou Ming, deputy head of ICBC's precious metals department was quoted as saying that China's largest bank had sold nearly 250,000 ounces of physical gold in January 2011, which was equivalent of 50% of all the bullion ICBC sold last year.

``This is a clear indication that Chinese investors have a voracious appetite for gold. Even the World Gold Council has estimated that China's gold demand could double in 10 years as more investors embrace the precious metal,'' Vaidya added.

India story

That is not to say that India is lagging behind. India's consumption of gold may well climb to rival that of China, said analysts.

Though global demand rose by 11% to 2,017 tonnes last year, the GFMS has noted that interest from Western consumers was mainly confined to wedding rings.

"The vast majority of demand for jewellery is coming from India and East Asia. If you exclude India from the figures, the increase in demand last year was only 2%, and most of that came from China,'' the GFMS official said.

The jewellery sector has shown the strongest recovery in 2010, with annual demand surging to 299 tonnes, which is 17% higher than in 2009. Indian jewellery demand rose 69% during the year to 746 tonnes, while China's jewellery demand reached a new annual record of 400 tonnes.

India and China represent 40% of world consumption.

Paul Walker, chief executive officer of GFMS reportedly said that in India, a huge amount of demand is a cultural and social imperative. In China, on the other hand, the imperative around weddings is not that strong, he said.

India's total demand exceeded China's by 383.5 tonnes last year, narrowing from 496.5 tonnes in 2001, the GMFS data has shown. The report has also noted a growing shift toward physical gold by small investors, all of which will ensure that investment in the precious metal will be more solid in the coming months and less prone to short-term selloffs.

Source: http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=125070&sn=Detail&pid=102055

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Economic crisis could push gold price to $1,600, warns report

Gold is the most widely traded precious metal, the price has rallied 27% in the past year. Photograph Chris Collins/Corbis

Gold prices could top $1,600 per troy ounce before the end of 2011 as the fragility of the global economic recovery, fears about inflation and turmoil in the middle east and north Africa drive prices higher.

The price of gold has rallied strongly this year, hitting a new record of $1,476.37 an ounce this week, driven on by concerns over inflation, a weak dollar and the shaky economic recovery.


In its Gold Survey 2011, metals consultancy GFMS said there was growing evidence that buyers may drive prices still higher this year. "There is a higher starting point for each successive investor-led rally in the price. Thus, assuming investment demand will at some point take off again this year, there remains good scope for new highs in the price to be recorded," the consultancy said.

GFMS's prediction comes after a record increase in production of gold last year. The amount of gold going onto the market reached 2,689 tonnes in 2010 as more was mined in Australia, China, Argentina, the US and Burkina Faso.

But the increase was met by soaring demand. Investment in physical bars rose 66% and jewellery demand rose 11% despite rising prices.

"The prospects for gold prices this year remain bright," GFMS executive chairman Philip Klapwijk said. "Investors continue to be concerned about the outlook for inflation, with governments in general showing little appetite to tighten monetary policy significantly."

Gold is the most widely traded precious metal. The price has rallied 27% in the past year and has risen on an annual basis for nine consecutive years.

The price weakened earlier this year but has since rallied. Investment demand for gold fell in 2010 but was still "comfortably" the second highest on record, GFMS reported.

Philip Newman of GFMS said prices were being underpinned by strong demand in India and China as well as by western investors buying into stock-exchange traded funds (ETFs), which offer exposure to the gold market without the necessity of buying the product itself.

In April over 2,142 tonnes of gold were represented by investments in ETFs, up from 1,222 tonnes at the end of 2008. Newman said investors were looking to gold as inflationary fears mounted and the fragility of the economic recovery put governments off from implementing sharp rises in interest rates in the short term.

Global demand for bars of gold was 880 tonnes last year, with India and China accounting for more than half of that. India is also the world's biggest market for gold jewellery.

"We expect investment in gold this year to be supported by the probable spreading of the government debt crisis from Europe to the United States and Japan, especially in light of the huge budget deficits the latter two countries will record in 2011 and the lack of concrete measures they are taking to rein these in," says the report.

But Newman said there was still a long way to go before gold hits the highs seen in 1980 when the price hit $880 an ounce – the equivalent of $2,248 today – driven by a recession, a spike in oil prices and the Soviet invasion of Afghanistan.

Source: http://www.guardian.co.uk/business/2011/apr/13/gold-price-record-high

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Gold Prices Pop; Silver at 31-Year High

By Alix Steel

NEW YORK (TheStreet ) -- Gold prices popped higher Thursday as investors opted for gold over stocks on disappointing jobs data and mixed earnings in the U.S.

Gold for June delivery added $16.80 to settle at $1,472.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,475.20 while the spot gold price was rising more than $14, according to Kitco's gold index.

Silver prices jumped more than $1, currently trading at $41.69 an ounce, and are eyeing the $42 level as its next conquering point.

Gold and silver skyrocketed Thursday as investors bought gold instead of stocks after U.S. initial jobless claims rose by an unexpected 27,000 last week to 412,000 -- past the critical 400,000 mark. The jobs environment had been slowly improving so the number, along with stronger world-wide inflation and anxiety over earnings, led investors back into precious metals.

George Gero, senior vice president at RBC Capital Markets, says that the gold/silver ratio now around 35 and dollar gyrations are keeping metals in rally mode. "Higher short term rates in ECB and elsewhere have not deterred investors, Goldman Sachs thinking crude may be fully priced now also not deterred investors ... so silver and gold are now possible joint performers with ... support at $1,425 for gold [and] $40 for silver."

Gold almost touched its record intra-day high of $1,478 an ounce. When it does, the move will most likely bring even more technical traders back into the market -- the "hot" money that is typically responsible for big price swings -- making the next target for gold at $1,500 an ounce.

Silver is traded in a smaller market and subject to even more speculative buying. Since September of 2010 on QE2 rumors, silver has risen 110%, but its recent climb has many experts wondering if the "poor man's gold" is overbought.

The "safe haven bids or monetary related bids that floated to silver heavily during February and March, if that froth comes out you could have a reversion to a better mien," says Jon Nadler, senior analyst at Kitco.com. Nadler thinks silver should be between $25-$30.

Nadler argues that the U.S. commitment to tackling its budget deficit, underscored by President Obama's speech Wednesday, will support the U.S. dollar and weigh on commodities. The U.S. dollar index, however, was down 0.33% to $74.71 on the rough jobs data.

But for Friday the story will really be about inflation. Producer prices in the U.S. rose 0.7% in March, weaker than expected, while the core reading came in slightly hotter at 0.3%. Inflation in March is supposed to rise to 2.6% and a higher reading Friday could trigger another gold rally as investors bet the Federal Reserve won't raise rates fast enough to fight rising prices.

Gold is typically favored during times of inflation, despite the fact that gold and CPI prices are only negatively correlated 12% of the time, according to data from the S&P. The idea is that inflation makes paper money worth less and gold more valuable.

At the end of 1949 through the first month of 1950, gold rallied 9.5% while inflation hit 10%. From 1974 through 1980, gold rallied 334% as inflation climbed to 14%. Gold is up more than 33% since the beginning of 2010, when inflation talk ramped up.

Gold has been shrugging off rate hikes, the only anecdote to inflation, but Nadler thinks it will take a while for tighter monetary policies to hurt the market. "It's a process. You have to look at how [these] measures take affect going into the second half of this year." Nadler thinks starting in 2012 central banks will raise rates consistently and aggressively.

Also paving the road for higher gold and silver prices Thursday is general market uncertainty. Investors seem to be hesitant after a solid earnings report. JPMorgan(JPM_) originally led markets higher Wednesday but the positive news couldn't sustain the rally. Investors are even more cautious on Google(GOOG_) and Bank of America(BAC_), reporting Thursday and Friday, respectively. In Europe, there are further worries that Greece might need to restructure its debt making gold more attractive as a safe haven asset.

Gold mining stocks, a risky but potentially profitable way to buy gold, were popping. Kinross Gold(KGC_) was adding 0.77% to $15.65 while Goldcorp(GG_) was up 2.36% at $53.98.

Other gold stocks, Agnico-Eagle(AEN_) and Eldorado Gold(EGO_) were trading at $65.71 and $17.84, respectively.

NovaGold(NG_) is up 2.72% to $13.21 after the company announced the results of its preliminary economic assessment for its Ambler property, which contains 28.9 tons of indicated and inferred resources of copper and zinc. Jim Cramer also mentioned this stock positively on Mad Money Wednesday .

Coeur D'Alene Mines(CDE_) was tanking more than 7% on a report that Bolivia will seek to expropriate mines, previously sold by other governments. This move would affect Coeur's San Bartolome silver mine which produced 6.7 million ounces of silver in 2010.

When asked to comment, spokesman for the company, Tony Ebersole, said that the property rights were not "the subject of expropriation. We operate in a mine where title already belongs to the State and backed by Supreme Decree." Ebersole said that production was operating as usual. Worse case scenario, Coeur has political risk insurance policies that covers expropriation.

Source: http://www.thestreet.com/story/11082786/3/gold-silver-prices-pop-as-stocks-sag.html

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The reason silver has been rising faster than gold - Mineweb

Analysis of the different advance which has occurred in the silver price vis-à-vis gold in the past few months where the former has substantially outperformed the latter.

Author: Julian Phillips

Silver is breaking new records at around $40 and gold is touching new highs of close to $1,460. Looking back, over the past few years we have seen gold rise from around $312 to $1,460 a rise of 4.68 times and silver from around $6 to $40 a rise of 6.67 times.

But this does not give a clear picture, so we went back over the last year and what did we see? Since early 2009, gold has moved from $900 to $1,460, a respectable 62%. Over the same period silver has moved from $10 to nearly $40 a remarkable 400%. Why the difference in relative performance?

Both metals have moved as money. Gold and silver Exchange Traded Funds have attracted massive investments in the developed world where trust in the monetary system is far higher than it is in the emerging world. But it was the underlying gold and silver that attracted investors. Waning confidence in the value of paper currencies gave way to demand for precious metals as a store of value retainers for investors.

Gold and silver have substantial differences as value retainers which help us to identify why the two metals have differed so much in performance.

· Gold is and has always been the ‘senior' monetary metal held by Central Banks as money until 1971 and after that as a valuable reserve asset in the vaults of central banks.

· Silver was rejected as money and as a reserve asset by the mid-fifties, despite it being treated as money throughout the ages before that.

· Both gold and silver have been attacked as money through ‘official' sales from the seventies until last year. But gold was sold to undermine the reality that it is money. Silver was sold out from reserves almost completely by central banks discarding it as money, completely.

· Apart from a brief period when Egypt was at its height and supplies of silver less than those of gold, gold has always been in far shorter supply than silver and considered far more valuable than silver.

· Silver in the past few decades has been seen as a commodity, mined mainly as a by-product of base metal mining, with only 30% mined in a pure silver mine.

· Most silver is consumed whereas gold is not, which will continue to be the case until less expensive substitutes are found. This will only happen at far higher prices still.

GOLD AS AN INVESTMENT

Gold has always been the precious metal of choice for wealthy individuals, institutions and central banks. It has never been abandoned as such. Even when "Official" selling was at its peak, central banks sold only what they thought was sufficient to add credibility to the paper currency they were pushing to the centre of the system, first to add credibility to the dollar then after 1999 to the euro. With those tasks completed, Central Banks are now either holders or buyers of gold.

The amount sold in most cases was around 20%, but in the case of the uninspired then-Chancellor Brown of the U.K.'s case, half of Britain's reserves were sold. The largest holders of gold sold none or only small amounts. So while it was underpriced and we believe still is, did not see its price ‘crushed' completely.

The path back to investment acceptance is a slow one and a long one with most of the journey still to come. We believe that we are on the brink of major changes in price levels in 2011 and beyond.

SILVER AS AN INVESTMENT

Silver had not really been an investment metal until 2004 and not a significant one until 2009.

It was a commodity metal in so short a supply that the Hunt brothers of Texas felt they could corner the market. In 1979, they took the silver price from its high of $8 an ounce [it had doubled since it stood at $4 an ounce in the mid- 1970s' already] to $50 an ounce by the early 1980's. It then fell all the way back to $5 an ounce thereafter as the Hunt Brothers found they were unable to sell the silver until prices had fallen back to those levels where they stayed until October 2003. Until 2009, it was relegated to the sidelines as an investment metal.

It started to regain popularity as an investment metal because it began to be considered as "poor man's gold" as the gold price rose out of reach of the poorer investment classes.

For instance, in India until its middle classes began to grow substantially, 70% of all gold bought was bought by the agricultural sector, whose income was directly related to the quality of the monsoon rains. When profits were good, they found their way into property and into gold, As the price rose, the quantity of gold available to such people fell. Then $1,500 bought five ounces of gold, but with gold at $1,460, it only buys just over 1 ounce of gold.

In India, precious metals are used in commercial transactions so the divisibility of silver relative to gold was far greater and more flexible. It also remained affordable in larger quantities. After all, now one ounce of gold buys 36.5 ounces of silver. So, silver remains affordable far lower down the economic ladder than gold does. It therefore can attract a far wider market than gold does currently at retail levels. Bearing in mind that precious metals are attracting a huge and growing market in the emerging parts of the world, the demand, as a wealth protector, at the retail end of the market is expanding rapidly.

CATCH-UP

It would therefore be wrong to still categorize silver as a monetary metal. Its day will come, but not until its price is much higher and not until paper currencies have lost considerably more credibility than at present.

The most difficult part of silver's rise as a wealth protector has been from October 2004 to October 2008, from when its price moved from $5 an ounce to a peak of over $20 an ounce then to fall back to than less $10 an ounce before taking off on its current path. The fall coincided with the onset of the ‘credit-crunch.

All the while, demand from the photographic sector has waned. More importantly, the uses of silver have morphed from discretionary demand to a need. Even in a downturn, the demand for silver will remain strong as its uses are considered vital now.

So as a non-monetary, more volatile precious metal, its future then was far cloudier than now. The transition from those days to ‘poor man's gold was its re-birth as an investment metal. While we believe it has now returned as such to stay, it still has a lot of catching up to do. By catching up we mean that it still has to return to the concept fully, that it is a lower category investment metal respected from institutions [eventually by central banks] as well as the retail end of the market.

Gold is already at that point. This does not mean that the gold price has reached a ceiling of any kind. It does mean that the gold price will rise relative to the value of currencies from now on with its metallic qualities being far in the background. Silver is still a long way off from that point.

Source: http://www.mineweb.com/mineweb/view/mineweb/en/page103855?oid=124983&sn=Detail&pid=102055

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5 Step Plan To Financial Freedom & Making A Ton of Money

Source:http://money.gather.com/viewArticle.action?articleId=281474978010554&nav=Groupspace
If there is a common goal of successful people I met is this: they want to become wealthy or they are already wealthy. Wealth is something you can create if you know how.

Here’s how:

1. Decide what you want – This is the starting point to wealth building. If you do know what you want you will know what steps to make in order to achieve this goal. Have clear goals, not just say I want more money say instead I want $50,000 dollars income by 2011, be specific, have deadlines and create your wealth map starting from that.

2. You need to understand your strengths and weakness, your likes and dislikes – If you are good at buying properties, you can become a real estate investor, if you are good at teaching, you can have your own school. Whatever you do, it’s easier to achieve wealth if you do what you are good at and what you really like.

3. Create your wealth plan starting from your strengths and passion – It’s not surprise that Martha Stewart, Bill Gates, Warren Buffett, and Oprah are so successful. They have talent in what they do plus they are passionate. So Talent + Passion + Product or service people want to buy = Speed Wealth Building. Find your talents, your passion and find if people are willing to give you money in exchange of that, you will be on the right track.

4. Break down your goal to mini-realistic goals – Rome wasn’t built in one day, so do wealth. Focus on understanding your ultimate goals and breaking them in small but realistic steps that will put you one step further to success.

5. Write your plan on paper and put in a place you can see it every day – You need to remind yourself of your goal every single day if you want to succeed. If you are consistent and persist you are going to become successful sooner or later.

If you find useful this article and you are serious about solving your money worries for good I recommend you read this blog article here click here.

It’s a short article and I know it will help you understand money so easily you will say “aha!” and understand that making a lot of money is within the reach of everyone, no matter were you are you can make alot of money.

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Saham Bank Rakyat dibuka semula

Source:http://beritasemasa.com/peluang-pelaburan-bank-rakyat
Selepas bertahun-tahun lamanya menunggu,Bank Kerjasama Rakyat Malaysia Bhd. (Bank Rakyat) dibenarkan menaikkan modal berbayarnya sebanyak RM1 bilion lagi, sekali gus memberikan khabar gembira kepada lebih 800,000 ahlinya yang lama menunggu untuk menambah pelaburan mereka.

Berikut di bawah adalah kenyataan akhbar mengenai pengumuman tersebut.

KUALA LUMPUR 2 April – Bank Kerjasama Rakyat Malaysia Bhd. (Bank Rakyat) dibenarkan menaikkan modal berbayarnya sebanyak RM1 bilion lagi, sekali gus memberikan khabar gembira kepada lebih 800,000 ahlinya yang lama menunggu untuk menambah pelaburan mereka.

Bank koperasi Islam itu, pada bulan lepas memperoleh kelulusan Bank Negara Malaysia (BNM) untuk meningkatkan modal berbayar kepada RM3 bilion, kata Menteri Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan, Datuk Seri Ismail Sabri Yaakob.

Ismail Sabri berkata, dengan kebenaran itu, Bank Rakyat akan membuka peluang pelaburan kepada orang ramai terutamanya ahli untuk membeli saham pegangan dalam bank berkenaan mulai bulan depan.

”Peluang pelaburan ini bukan diberikan kepada semua orang tetapi sebaliknya diutamakan kepada koperasi-koperasi dan ahli-ahli setia Bank Rakyat,” katanya selepas Perasmian Mesyuarat Agung Tahunan Bank Rakyat, di sini hari ini.

Kalau nak diikutkan senarai menunggu yang hampir 50,000 orang, rasanya sekejap je habis.Itupun berkemungkinan tidak semua dari senarai menunggu tu boleh dapat beli.Ada yang tunggu dekat 7-8 tahun, mesti yang itu bank rakyat dahulukan.Nama pun senarai menunggu.Bagi mereka yang memang dah jadi ahli, mungkin ada peluang yang cerah la untuk menambahkan lagi saham masing-masing dalam bank rakyat.

Nilai senarai menunggu sahaja dah hampir RM 1 bilion.Jadi, berkemungkinan hanya dalam 40% sahaja dalam senarai menunggu yang dapat beli.Ramai yang “beratur” nak jadi ahli bank rakyat ni, bukan sebab apa, tapi sebab kemampuan mereka membayar dividen 15% setiap tahun, dari tahun 1999 lagi.Lebih banyak dari pelaburan ASB!

Bayangkanlah kalau ada yang simpan RM 50,000, setiap tahun dividen yang dapat berjumlah RM 7500! Banyak tu.Macam-macam boleh buat.Boleh buat bayar road tax kereta, boleh buat pelaburan emas, dan banyak lagi. Itu belum lagi yang simpan sampai RM 100k pulak.Kesimpulannya, melabur dalam bank rakyat ini, memang bagus.Cuma peluang untuk beli itu samada dapat atau tidak, itu yang menjadi isunya.

Apa pendapat anda mengenai peluang melabur dalam bank rakyat ini?

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PIKOM 2011

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Minggu Saham Amanah Malaysia 2011

Minggu Saham Amanah Malaysia (MSAM) 2011, organised by Permodalan Nasional Berhad (PNB) will be held at Stadium Indera Mulia Ipoh, Perak from 20 April to 26 April 2011

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Can silver be money again just like gold? - Mineweb

In the past silver was an important constituent of coinage worldwide and thus had a similar monetary status to gold. Could this be the case again

Author: Julian Phillips

BENONI -

We have always referred to silver as the ‘long shadow' of gold because its price moves with gold's. When the gold price rises, silver rises more. When the gold price falls, silver falls further, but they move in sync. Why?

Silver saw a huge drop in demand as the photographic industry moved to digital. But then, new uses for silver in the medical field and in electronics developed and look as though they will eventually dwarf the peak photographic demand. But by moving as though riveted to the gold price, the silver price is not reflecting the movements one associates with a simple industrial commodity.

THE MOVE AWAY FROM MONEY

"Official" silver selling by Russia, India and China appears to have (or is about to) come to a halt after many decades of selling the metal stockpiled as coinage that had ceased to be used as such. In this it has a common denominator with gold, in that central bankers are no longer selling these assets. But silver is not in demand by central banks, whereas their demand for gold is heavy and persistent. Will silver be treated as an important reserve asset again?

Since the full use of precious metals as coinage fell away in the first half of the last century, the disparity between the face value of money and its silver value parted ways dramatically. Governments and their central banks wanted an insignificant, inherent value for the coins, so that the face value, determined through government actions on the monetary front, would be the only value they had. Practical considerations require that there is a coinage element to money. Governments have used this ‘fiat' system of money because of the advantage of being able to control the monetary system alone. It was accompanied by the breaking away from the real international values that precious metals will always have. Nowhere has the split between ‘measure of value' and ‘means of exchange' been more significant than in coinage. The central banks also gained full control the money supply, without fear of a judgment via a soaring gold price.

When gold and silver were money, [in 1933 for instance] governments believed that an expansion of the money supply was sorely needed for the world to climb out of the depression. At that time, the only way to accomplish that was to increase the value of gold [silver followed] allowing for more dollars to be issued. To clarify, the dollar was devalued in terms of gold not the other way around. Gold was a cumbersome item at that time, because of the vast amounts of gold not held by the central bank. Hence the confiscation! Once the U.S. central bank had acquired sufficient volumes of gold and then devalued the dollar, the banking system was awash with dollars. Mr. Ben Bernanke has used a similar tactic to expand the U.S. [and global] money supply to fend off deflation. Because gold and silver cannot be released and captured at will, central banks found that their use as a ‘means of exchange' was just too cumbersome.

Of course, the change to paper notes and to alloy coins destroyed the ability of money to be a measure of value. The value of money is now solely dependent on the citizens' trust in their government and central bankers.

We are not referring to inflationary aspects or to exchange rates here, but the extent of trust and faith in that money. Yes, exchange rates hopefully [provided there is no manipulation of exchange rates - which there is] will reflect falling values.

Real inflation [lower buying power of money not a number measured by government tools] will always be allowed by governments, despite central bank commitments to price stability.

The key to a healthy economy is that the man at ground level be able to sustain his way of life with the income he receives. If oil prices and food prices rise, he needs more income to sustain his way of life.

Real inflation or deflation not only relate to growth but the change in the money supply Any attempts to disguise inflation or money supply changes will work only temporarily until the economic realities of the economy shine through [such as now with low housing prices, high unemployment and seeming ‘stagflation']. The governments of the world like to imply ‘price stability' through the management of money supply but tools such as quantitative easing distort that in the attempt to use money supply to invigorate the economy. Simply put, they use inflating money supply to defeat deflation.

The disadvantage of gold and silver coinage is that their worth will always rise above their face value. If governments increase the money supply beyond growth, they would thus be giving citizens a protection against the debauching of money. This undermines central bank control of the economy and financial systems.

So not surprisingly, we see no sign of silver being treated as money by central banks anywhere. But at a retail level, silver is being bought increasingly as a ‘measure of value', protecting the individual's wealth as paper currencies are unable to do at the moment.

THE HISTORY AND PRESENT OF SILVER AS MONEY

In the past, silver has been used as coinage. Until the middle of the last century, most countries used silver in coins. Well before the U.S.A. and the I.M.F. cut the link between money and gold, silver was replaced with alloys in coinage. Take a look at the small change in your pocket and you will see silver lookalikes. The human view of money is still that coins should look valuable, even if we are fooled by the alloy lookalikes. And that's the point. Will we as gullible humans believe that the money in our pocket has value?

We have to qualify the answer to that question by saying subject to economic conditions, yes. When you have nothing, bartering with anything for something is the simplest of monetary systems. When you are in the mainstream economically and economic growth is good, we are inclined to accept mainstream money in any form governments want us to. It makes trading easy. Take a look back at the years from 1985 until 2007 and you see a developed world growing steadily, happily and confidently. Money was trusted in any form it took because the system benefitted everybody. It's only when the person you are dealing with refuses to accept it as money that it then fails. Far from being global, like gold and silver have been throughout history, national money is valuable only locally, where it is legislated as the only acceptable means of exchange.

Imagine if I turned up at a shop and handed over a few hundred Dongs [from Vietnam] or a few trillion Zimbabwean dollars, [Aah, that's no longer money even in Zimbabwe], what would your shopkeeper say? It is this parochial nature of fiat money that will be its eventual downfall. Once the Yuan is a global reserve currency from a growing country with a massive presence, we will be able to choose between the Yuan and the U.S. dollar. Then what?

Take a silver eagle and offer it to a Chinese person--he will accept it readily. Even while the South African Rand is only useable in South Africa, the South African gold 1 ounce Krugerrand is exchangeable anywhere [at a price of $1,420 not its face value of 14.70 U.S. cents.

Silver, throughout history has been accepted as money anywhere in the world. While central banks and governments refuse to allow its use as money inside their economies, they have not taken away from its value as a currency. Silver remains a form of unrecognized money even in the hands of people who have not used is as money for many generations.

Even today, when the fiat money systems are decaying, a trickle of people are protecting their wealth by selling their paper money for solid silver and gold. We are at the start of a trend that is inexorable. Even central banks have started buying gold and have ceased selling it. The trickle will become a flow. But silver is not yet in the same category as gold, as money [yet] in ‘official circles'. It will have to follow the path blazed by gold, but not until gold is seen to be visibly used in the global money systems, will silver stage a comeback. Even then, it will always be a junior partner to gold. After all, its price is so low and the quantities available for this role so small, that it is too far away from being as practical a measure of value as gold is now. But imagine if it was priced at $200 an ounce, then its credibility as money would be legitimate. If one could have a ration of one ounce of gold to 50 ounces of silver, then investors would be comfortable treating silver as money.

But in the private and institutional domain, silver is already a protector of wealth. This should be the focal point of its use. The investing world, in regarding both silver and gold as a protector of wealth, can no longer be ignored. It is a fact through its performance all over the world. So can governments harness this present reality? Will they? We are of the opinion that they won't until they have to!

Source: http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=124734&sn=Detail&pid=102055

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Will Silver become money like Gold again? - SilverSeek

By: Julian D. W. Phillips, Gold/Silver Forecaster - Global Watch

We have always referred to silver as the ‘long shadow’ of gold because its price moves with gold’s. When the gold price rises, silver rises more. When the gold price falls, silver falls further, but they move in sync. Why?



Silver saw a huge drop in demand as the photographic industry moved to digital. But then, new uses for silver in the medical field and in electronics developed and look as though they will eventually dwarf the peak photographic demand. But by moving as though riveted to the gold price, the silver price is not reflecting the movements one associates with a simple industrial commodity.



The move away from money

“Official” silver selling by Russia, India and China appears to have (or is about to) come to a halt after many decades of selling the metal stockpiled as coinage that had ceased to be used as such. In this it has a common denominator with gold, in that central bankers are no longer selling these assets. But silver is not in demand by central banks, whereas their demand for gold is heavy and persistent. Will silver be treated as an important reserve asset again?



Since the full use of precious metals as coinage fell away in the first half of the last century, the disparity between the face value of money and its silver value parted ways dramatically. Governments and their central banks wanted an insignificant, inherent value for the coins, so that the face value, determined through government actions on the monetary front, would be the only value they had. Practical considerations require that there is a coinage element to money. Governments have used this ‘fiat’ system of money because of the advantage of being able to control the monetary system alone. It was accompanied by the breaking away from the real international values that precious metals will always have. Nowhere has the split between ‘measure of value’ and ‘means of exchange’ been more significant than in coinage. The central banks also gained full control the money supply, without fear of a judgment via a soaring gold price.



When gold and silver were money, [in 1933 for instance] governments believed that an expansion of the money supply was sorely needed for the world to climb out of the depression. At that time, the only way to accomplish that was to increase the value of gold [silver followed] allowing for more dollars to be issued. To clarify, the dollar was devalued in terms of gold not the other way around. Gold was a cumbersome item at that time, because of the vast amounts of gold not held by the central bank. Hence the confiscation! Once the U.S. central bank had acquired sufficient volumes of gold and then devalued the dollar, the banking system was awash with dollars. Mr. Ben Bernanke has used a similar tactic to expand the U.S. [and global] money supply to fend off deflation. Because gold and silver cannot be released and captured at will, central banks found that their use as a ‘means of exchange’ was just too cumbersome.



Of course, the change to paper notes and to alloy coins destroyed the ability of money to be a measure of value. The value of money is now solely dependent on the citizens’ trust in their government and central bankers.



We are not referring to inflationary aspects or to exchange rates here, but the extent of trust and faith in that money. Yes, exchange rates hopefully [provided there is no manipulation of exchange rates – which there is] will reflect falling values.



Real inflation [lower buying power of money not a number measured by government tools] will always be allowed by governments, despite central bank commitments to price stability.



The key to a healthy economy is that the man at ground level be able to sustain his way of life with the income he receives. If oil prices and food prices rise, he needs more income to sustain his way of life.



Real inflation or deflation not only relate to growth but the change in the money supply Any attempts to disguise inflation or money supply changes will work only temporarily until the economic realities of the economy shine through [such as now with low housing prices, high unemployment and seeming ‘stagflation’]. The governments of the world like to imply ‘price stability’ through the management of money supply but tools such as quantitative easing distort that in the attempt to use money supply to invigorate the economy. Simply put, they use inflating money supply to defeat deflation.



The disadvantage of gold and silver coinage is that their worth will always rise above their face value. If governments increase the money supply beyond growth, they would thus be giving citizens a protection against the debauching of money. This undermines central bank control of the economy and financial systems.



So not surprisingly, we see no sign of silver being treated as money by central banks anywhere. But at a retail level, silver is being bought increasingly as a ‘measure of value’, protecting the individual’s wealth as paper currencies are unable to do at the moment.



The history and present of silver as money

In the past, silver has been used as coinage. Until the middle of the last century, most countries used silver in coins. Well before the U.S.A. and the I.M.F. cut the link between money and gold, silver was replaced with alloys in coinage. Take a look at the small change in your pocket and you will see a silver lookalikes. The human view of money is still that coins should look valuable, even if we are fooled by the alloy lookalikes. And that’s the point. Will we as gullible humans believe that the money in our pocket has value?



We have to qualify the answer to that question by saying subject to economic conditions, yes. When you have nothing, bartering with anything for something is the simplest of monetary systems. When you are in the mainstream economically and economic growth is good, we are inclined to accept mainstream money in any form governments want us to. It makes trading easy. Take a look back at the years from 1985 until 2007 and you see a developed world growing steadily, happily and confidently. Money was trusted in any form it took because the system benefitted everybody. It’s only when the person you are dealing with refuses to accept it as money that it then fails. Far from being global, like gold and silver have been throughout history, national money is valuable only locally, where it is legislated as the only acceptable means of exchange.



Imagine if I turned up at a shop and handed over a few hundred Dongs [from Vietnam] or a few trillion Zimbabwean dollars, [Aah, that’s no longer money even in Zimbabwe], what would your shopkeeper say? It is this parochial nature of fiat money that will be its eventual downfall. Once the Yuan is a global reserve currency from a growing country with a massive presence, we will be able to choose between the Yuan and the U.S. dollar. Then what?



Take a silver eagle and offer it to a Chinese person--he will accept it readily. Even while the South African Rand is only useable in South Africa, the South African gold 1 ounce Krugerrand is exchangeable anywhere [at a price of $1,420 not its face value of 14.70 U.S. cents [1/10,000 times face value]].



Silver, throughout history has been accepted as money anywhere in the world. While central banks and governments refuse to allow its use as money inside their economies, they have not taken away from its value as a currency. Silver remains a form of unrecognized money even in the hands of people who have not used is as money for many generations.



Even today, when the fiat money systems are decaying, a trickle of people are protecting their wealth by selling their paper money for solid silver and gold. We are at the start of a trend that is inexorable. Even central banks have started buying gold and have ceased selling it. The trickle will become a flow. But silver is not yet in the same category as gold, as money [yet] in ‘official circles’. It will have to follow the path blazed by gold, but not until gold is seen to be visibly used in the global money systems, will silver stage a comeback. Even then, it will always be a junior partner to gold. After all, its price is so low and the quantities available for this role so small, that it is too far away from being as practical a measure of value as gold is now. But imagine if it was priced at $200 an ounce, then its credibility as money would be legitimate. If one could have a ration of one ounce of gold to 50 ounces of silver, then investors would be comfortable treating silver as money.



But in the private and institutional domain, silver is already a protector of wealth. This should be the focal point of its use. The investing world, in regarding both silver and gold as a protector of wealth, can no longer be ignored. It is a fact through its performance all over the world. So can governments harness this present reality? Will they? We are of the opinion that they won’t until they have to!



Source: http://news.silverseek.com/SilverSeek/1302310800.php

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Why Silver Will Go UP for Years to Come! - Mineweb

(Floods of paper money!)
Silver Stock Report

1. No nation on earth is using silver as a circulating medium of exchange. The State of Utah is leading the way by making it legal tender.

2. All nations on earth are using paper for money, which is about as wise as building houses out of straw. The amount of paper money is uncountable, and is constantly soaring to new highs. The USA stopped reporting the amounts of money in the banks back in 2006, and the banks in 2008 started depositing a lot of their bailout money with the Fed banks, making it even harder to track. All of that marks the beginning of hyperinflation, which appears to be starting now.

3. The Federal annual deficit, which is how much they spent more than they took in, is $1.66 trillion, or $830 billion for the first half of fiscal 2011. Does that count QEII? What was not counted in that? How reliable are the figures? If the figures are wrong, are the real figures likely to be bigger or smaller, and by how much?

http://tinyurl.com/3ozdljx (April 7th news item)

4. The silver market remains tiny. "World investment rose by an impressive 40 percent last year to 279.3 million troy ounces (Moz), resulting in a net flow into silver of $5.6 billion, almost doubling 2009’s figure." How reliable are the figures?

http://www.silverinstitute.org/pr07apr2011.php (April 7th news item)

Recap: New US Debt: $830 billion in 6 months.
Recap: New Silver buying: $5.6 billion, all year.

Essay assignment, compare and contrast those two numbers.

Which one is bigger? Which one is smaller?

What is likely to change?
What is likely to stay the same?

If the US government spends new paper money that it does not have, is that inflationary? Will that make the new dollars tend to go down in value? If so, by how much?

Are silver prices likely to go up, as new money buys silver to protect itself? In your opinion, much new money will be likely to buy silver next year? How much do you think the silver price will continue to be driven up, in the next year, by such buying?

Is the US government likely to suddenly balance the budget by next year, or will the spending like a drunken sailor be likely to continue?

If you convince your friends to buy silver, are they more likely to thank you, or not, as certain trends and fundamentals continue?

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.

Source: http://news.silverseek.com/GoldIsMoney/1302242460.php

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Gaji 2011

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