What Naysayers are Saying; 38-74 of 112
(Part 2 of 3)
Silver Stock Report
by Jason Hommel, December 8th, 2009
Last week, I asked my
readers to tell me what it's like when they try to convince their
friends and family to buy silver and gold.
What do Your
Naysayers Say?
(Why won't your friends and family listen?)
http://silverstockreport.com/2009/nay-say.html
The
letters poured in. They are all very good.
Another
thing we need to warn against is the foolish naysayers called "financial
advisors". Very rarely will any of them will ever point
you to gold. They will almost always knock it. They are the
blind leading the blind.
Anyway, here are the letters, with my
responses in ALL CAPS, where needed.
__________
why not gold ?
4 arguments against
- well shit, if it
all descends into martial law and cannibalism,
I don’t want gold – I want food and toilet paper
- if the global fiat money supply implodes into a
black hole, no one will have
an money to buy gold or anything else
- governments can vaporize your gains via taxes,
controls, confiscation, and outright theft if absolutely necessary
- gold is entirely irrational, serves no true
useful purpose – unless you count making beautiful women
happy
__________
My experience with those
unaware of Silver as an Investment
My experience talking about silver produces the same
reaction when I bring up the UFO mystery.
- The evidence is there if you go to the trouble to look, but only a
handful actually do.
- Of the handful who are impressed with the evidence, most become
distracted with mundane demands for their time, and never get
started.
- Of the tiny fraction who say they are going to buy, only one has
actually gone out and made a purchase on his own. And that
individual manages a scrap metal processing
plant!
- The rest expect me to get them the silver which I do. Otherwise,
they would never do anything either.
__________
They
say:
- Gold is expensive now, so it is a bad time to buy.
- Gold will only go up if it is the end of the world, and if it is
the end of the world then your Gold won't save you.
- If you buy Gold and Silver then you want the financial system to
collapse and you are a bad person.
- You can't eat Gold or Silver.
- You can't buy stuff at the store with Gold and Silver, and you
never will be able to again. Credit cards, Debit cards, and
electronic transactions are the future, Gold and Silver are what our
primitive ancestors used.
- Your Gold and Silver might be stolen, so they are less safe than
an FDIC insured bank
account.
- The Price of Gold and
Silver are way too volatile, I can't invest in something so
erratic and dangerous.
- The stock market has recovered 50%, you should have put your money
there.
- The Housing market has bottomed, now is a good time to get back
in, instead of buying Gold and Silver.
- I can't pull any of "my money" out of my 401K, so even though I
believe you, I can't invest. I'm locked into the Stock
Market. I have to hope and believe that things will get better
and everything will be OK.
- Things are tight and we need to save money right now, so we can't
afford luxuries or get-rich-quick-schemes like Gold and Silver.
- You have been brain-washed by the Gold and Silver Sellers, you
have fallen for their sales-pitch.
- Gold is useless. What is it good for? What does it
do? All it does is sit in Vaults all
day.
__________
Hi Jason,
I come from a family of eleven children. Last
Christmas each brother or sister recieved a card wishing them the
best and was decorated with a one ounce silver round taped to the inner
fold. I told them that silver was about to take off and they
should invest in the market. Only one sister came to me with
questions and was seriously interested -- never a peep from the
others. Spot price of silver last December was somewhere
under ten dollars per ounce. If they had only
listened,right? Well, this year they are going to get another
silver ounce taped to the inner fold -- do you think they will listen
now?
__________
j --how DO we spend it if we have silver
and gold who will take a 1oz gold coin for
groceries, give me some insight. that is the most important ? i
get, plus i am not sure myself --tks.
__________
Hi
Jason,
- I tell them it was FREE!!! let me explain.
- I have been a collector since the age of 8, and at 41, I still
collect, but over the last few yrs, I have bought more and more silver
coins that are either semi-numismatic, or non-numismatic, based on their
silver content alone. I buy as much "junk" silver as I can afford,
but mostly foreign. I get it at melt value or sometimes even below
melt.The variety of coins is fantastic, I usually get at least a few
coins I have never seen, learn a lot about their history, and of course,
accumulate a nice collection of foreign coins (they call them "world
coins" now? maybe a PC thing?). They are just as good as major
mint bars, if not more, because their authenticity can be validated by
any coin dealer in the world with a Krause book and a scale. I
organize them, tube them, and write the purity on the tube. All I
need is a scale or some 3rd grade math, and I know the absolute silver
content, and thus, the value (of the silver -- some have lots of
copper too -- a bonus :)
- Every now and then, I bring an interesting coin to lunch where I
work, and show a couple of close friends. One of the things I say
when people ask me what I paid for them is that I paid NOTHING!!!!
They were FREE!!! I get the strangest looks, but I then explain my
"numismatic math"
- I explain that since precious metals are the only REAL money around,
and since the paper (fiat) money is going to eventually be worthless, I
am just moving my risky fiat money to something more stable, REAL money
of equal worth (at that time), but that will never go to zero. I
further explain that not only is it FREE (because I have all the same
value in worth as when I started - if not more with the recent uptrend)
but the original country that paid for the mining, melting and minting
has already paid my "seniorage." So I just get the final product without
production costs.
- I have a close friend that likes my coins. He was always
asking me to sell him some of my neat coins, but I always say that I
don't sell my coins. One day I brought in a beat up old silver
eagle that was not real pretty to look at. I said "just hold it
-- whenever you want, you can pay me melt value for it". He
put it in his drawer -- . silver was 14.25/oz then. It is still in
his drawer, and he is kicking himself for not buying it then.
About 3 weeks ago, I called him from my local coin shop and said that
they had a 20 balboa that I could get for him at melt (I was buying a
large lot at melt, and the premium would be waived for this
semi-numismatic coin because of my relationship with my local dealer,
and the size of the rest of the purchase). He agreed, and got
himself a nice 3.84 oz ASW 20 balboa from Panama. at $16.25/oz.
Today, he is very pleased with his choice, and he is now checking eBay
daily for world silver.
- Creating Silver bugs -- .. and saving the world -- .. one ounce at a
time -- ..
__________
Hi Jason -
Thanks for the opportunity to share experiences with you on this
question.
-
The only person I have ever really convinced to make a serious
investment in silver is my wife. She started buying silver in 2004 from
her own finances and today she has a very high percentage of her
net worth in silver and related precious metals investments.
Of course, it has worked out very well for her - so well she has become
a real believer in silver.
-
In fact, six months ago she gave a speech at her local Toastmasters
group suggesting silver as a good investment. I have attached the file
so you can see what she said. She was limited to 5 to 7 minutes and it
was a very new idea for most of her audience. Also, the financial crisis
was still very fresh in people's minds at that time (end of May). The
comments she received back were quite positive and her use of a 1 ounce Maple Leaf silver coin as a "prop" for
her speech was very effective.
It is important to point out that my wife is a very practical
person and she always expects good value before she parts with her
money. Although she trusted my judgement in 2004, I think she could
instintively relate to purchasing something beautiful, useful and
enduring as an investment - especially when it seemed so inexpensive
relative to its merits. As an investor she is willing to get away from
the mainstream ideas and is willing to take well thought out risks - to
"think outside the box" as the expression goes.
-
I find many people are coming from a basis of fear - especially the
fear of "looking stupid" (what if I buy and it goes down - tomorrow - or
next year??). Also, many people are somewhat mentally lazy. As Jesse
Livermore pointed out in Reminiscences of a Stock
Operator many years ago, people would run out and buy a specific
stock based solely on his say-so with no explanation but would get bored
and annoyed if he tried to tell them in detail why he believed it was a
bull market - which was far more valuable advice!
-
People believe what they want to believe. Sadly, many people will
wait until silver becomes "respectable" or mainstream before they
buy.
I trust this feedback is helpful to you.
All the best,
__________
I do not try to push this to others. One good friend understands as
a veteran and geologist. He has been out of professional work about a
year. So when he declined my subtle suggestion to acquiring gold
he agreed but said he could not afford it. So I then said how about a
little silver? It is much lower in cost and increments.
Aside 1:
When FDR said that citizens must turn in their domestic
constitutional gold currency for dollars or be threatened, most did. Of
course nusimatic coins and I believe up to $100 face value in gold coins could be
retained. My father explained that his parents could have
retained $200. This was impossible, I had seven other
brothers and sisters, the depression was on and your
grandparents just didn't have that 'extra' money to keep. We had to
buy food and the essentials. Bread was a nickel a loaf back then. We
could bearly make the rent but had a big garden and fruit trees.
I vowed someday I would acquire one of those "Double Eagle" St.
Gaudens and show it to my father. I did several months ago and he
was pleased.
Aside 2:
The other item I wanted to acquire was the old US currency with
gold ink. The wording on it said it all in the terms when paper had a
real promise from the reputable US Treasury. It is imprinted for a Twenty
Dollar certificate (1922) reading: This certifies there
have been deposited in the Treasury of the, United States of America,
Twenty Dollars, in Gold
Coin, payable to the bearer on demand
Attached is a photo of the certificate.
Keep up the distribution of your
teaching
__________
Jason,
I got my parents into
silver and gold back in the early 70's when silver was about $1.50 and
gold under 100 per oz. To say the least they did OK over the years. I
only talk to potential gold and silver investors about the advantages of
protecting assets or capital in precious metals when
asked. I have found it far easier to talk about it when the
potential investor is already primed.
One of the best
convincing explanations I use is to pull a silver 25 cents out of the
bucket and say: "When I was starting college in the late 50's and
through the early 60's I (making it personal) could buy a gallon of gas
with one silver quarter. One can still buy a gallon of gas with a US
silver quarter. All you have to do is bring the silver 25 cents in
here and I will give you at least $3. Then you can go out and buy a
gallon of gas. Bottom line; real gold and silver money maintains
it purchasing power through time."
Or I might say one can buy a new 2009 Ford with the same amount
of gold coin as one could in
1929. The examples are endless.
Don't forget to get the
book "They Own It All (including you) by MacDonald and Rowen, MD.
ISBN 1-4392-3361-6. You can
get it through
Republic Broadcasting: http://republicbroadcasting.org/zencart/index.php?main_page=product_info&cPath=4&products_id=51
__________
Mr. Hommel:
Thank you for sharing God's Word with us and your experience with
precious metals. My family
says gold is too expensive and silver isn't liquid enough, so I'll
keep sharing your emails. Marc __________
Hi Jason,
They say they don't want to buy gold as it is at the top and
they don't want to buy at an all time high.
You raised a good point about touching it. When my wife
and I handled our first silver coins it was self
evident that we were holding something of value.
I look forward to your writings. We are fellow
Christians.
Thanks,
__________ What
family and friends say about silver.
Hi Jason,
Back in 2002 I
urged family members and friends to buy gold. The Daily Reckoning newsletter at
the time was my inspiration. I also told them that Fanny Mae and Freddie
Mac as well as Citigroup would have difficulties. They thought I was
weird, a bit into conspiracy theories and "what are you worried about",
"it will never happen", "our pollies would never be so dumb". We
didn't buy gold ourselves as we were about to drop a baby, had to move
states and my husband no longer had a job. One family member just
ignored me.
Again about a year ago I urged family to buy
gold. My parents just lost many thousands in a mortgage deposit
investment backed scheme through a large bank (I think it was ING). They
said thanks for thinking of them but did nothing. Other family
members* - same as before just ignored the advice and told me to stop
sending them any emails on the subject (and I send only max a few a year
on any conspiracy/investment sort of subject!). Other relatives members*
also took it in their stride and said "the lord will provide - what will
be will be. *means they believe they are good christians who regularly
practice their faith and go to church. I on the other hand am spiritual
but not religious. I do believe in God but any Church and religion
that indulges their congregation to switch their brains off, apathetic
(because god will provide), become self indulgent, greedy, uncaring,
opportunistic at the expense of others is really a waste of my time.
Miracles do happen but the expression in everyday life "God helps those
that "help" themselves - in a positive way is more appropriate.
-
In reality in Australia people just hear that it
is a "US" problem. The rag and box do not paint a picture of what is
really happening in the world, and for those whose life is swimmingly
okay, there is no need to contemplate the problem further. To do so
would take up their valuable time which they have otherwise set aside
for "more important things". Only fringe dwellers who are intelligent
but not well off (and so treasure the little that they have) take
notice.
More info on how this thing will affect all peoples of
all the world - especially those countries doing "well" would be
useful.
Thanks__________
Jason, your passion, intelligence and
commitment propels you to forward your mission.
This 80 yr. old guy has one couple
of close friends buying gold from XXX whom I buy my little
orders of silver from, for the past 8 years -- It was Weiss
research that I was reading that started me into the precious metal buying.
Wish I had started 20 years
before.
Now, I tell my closest friends and
family what I am doing and what I believe will befall our society very
soon -- But I do not tell or advise them what they should do....they are
all educated and literate and should figure it out...
I know I have already irritated some
with my opinions.
-
They, I believe, are becoming somewhat
alarmed by the debacle heading our way.
Perhaps, many of them will find it too
late to take measures to protect themselves.
Our nation has been conned by one of the
most consumate con men (and there have been many) that I have seen in my
past 70 years of awareness -- I think back to FDR.
I am an old Jew who still cannot
understand how 87% of my fellow Jews
voted for Obama and who still loved FDR after he turned away the St.
Louis with 900 Jews and sent them back to the concentration
camps.
-
I think you are a wonderful spokesman
along with a few dozen more folks promoting the value of precious metals.
Frankly, it has been the best investments I have made in these many
years.
Do take care of yourself and
family.
A Merry Christmas and Happy New Year to
you. __________ AFTER MUCH
EFFORT I HAVE CONVINCED ALMOST EVERYONE I TALK TO, and that
actually listens that the precious metals are the way
to go. Unfortunately, even after they mentally get it they still
don't act. I actually came across a slam dunk easy as pie $100
free money deal that
took no effort. I told probably 20 people about it and only a few
made the simple phone call to take advantage of the situation. I
guess many people are just not very open to the idea of protecting
themselves. I have managed to get three people to act and they
have many thousands (nearly hundreds of thousands for one of
them). It took years and they could have made more but at least
these three acted. One person I told to buy silver when it
was just over $4.00 an ounce said it was too heavy to
lift so they did not buy. Another very smart person who I
actually got into the last great gold rush (late 70s to the peak) took
forever to get on board the train this time around but finally did after
silver had already hit $21 and fell back to around $10. Hard to
figure. Another person I sent articles to actually talked
to their "financial
planner" who told them the move for the metals was
over. Of course, the fool never bought an ounce when it was $4.00
an ounce for silver and under $300 gold but now was an expert at saying
the run was over. Go figure.__________ First offMy father lost a lot
of money in the stock market in 2008, I told him in the summer of 2008
to get his money out because I think the market might crash. He
laughed at me and told me "why don't you leave those things to people
who know what they're talking about." Recently I talked to him
about Gold and Silver he asked, "Well is it a risk?" I stupidly
replied, "Well, I guess anything is a risk but..." He immediately
became turned off and I learned he invested into "less risky" things
like bonds. Oh, great. He is a great man who has
served this country and loves his Lord. I am his 25 year old son,
but I don't think I have earned his respect. How can I get him
into Gold and Silver? The number one objection I get to investing
in Silver and Gold is: "I'd love to but I don't have the money right
now" That's my roommates, that's my girlfriend, that's my
boss. Even if they have resources they just try to dismiss my
arguments because they don't believe the economy is going to get
worse. I just think to myself how easy it is to get a silver coin and wonder
why. And this last part is
to thank you...Jason you are an inspiration. I
started getting into silver in the spring of 2008, right around the time
I started looking into Ron Paul. Then I convinced a friend to buy
100 ounces of silver with me and he sent me a link to your
website. We keep buying. We are recent college graduates
beginning to invest but I'm becoming a zealot and I love your
newsletter. I remember reading one of your articles dealing with
the biblical morality of sound money and it
clicked. Just like when I watched Ron Paul in the presidential
debates and became a libertarian, I always knew the truth and your
arguments make sense. When you know the truth and God inspires
you its like you can't help but speak the truth. I talk to
everyone I'm close to about God, politics and silver. Your
newsletter is an inspiration. VERY FEW listen to me but they can
only dismiss me because its hard to believe. When I talk to my
roommates (who voted for Obama) they laugh at me. So I give them
weekly updates on the price and their interest perks a little more each
time. Thank you for your piece of truth in this
world. __________
Let’s
see. Upward battle, for sure. Out of ten to fifteen friends, two of us
have a small amount of metal, say 50,000 It is hard to
carve out that kind of money. After discussing many, many, times; here
are some of their arguments.
1.
No
longer money, not tangible, i.e. cannot trade or sell at a moment’s
notice. Like it needs to freaking pop out of an ATM?
2.
Need
some type of exit strategy, once you make the online purchase wait
months for delivery then securely store it, how are you going to sell
the heavy metal?
3.
No
knowledge of metals AT ALL. Unwilling to listen to your (Jason) and
other reasoned arguments. Jeeze….just do the math.
4.
Low
price of both silver and not so much gold now, but my friends
appear to be extremely frightened of market manipulation. I argue that most
holders have PAPER and we all know the intrinsic value of a munched up
tree.
5.
Ok,
sad to admit, but some of them at work actually mailed in “broken and
unwanted gold jewelry” Man, I wish I had come up with the cash for
gold idea, but do not think I could have taken advantage of folks so
terribly.
6.
Lack
of media coverage. In one breath the media extols gold and in the next
claims it is a horrible investment idea, likely to plummet to pennies on
the dollar. Hey…just like the real dollar.
7.
Sadly,
comments that the government will fix the problem, or mumbling
about going down with the ship. Has no one seen the new debt
clock? Cannot wrap my mind around those numbers.
Anyway,
just some of the stuff I have to wade through with tall boots. I
really enjoy your emails Jason, they are extremely well reasoned, and
seem to be getting better all the time. Of course being right does not
hurt does it? Lately, it feels like vindication. I
think the biggest problem facing most folks is the lack of an ability to
buy small amounts of gold and silver as they receive their
paychecks. I remember buying silver junk coins back in the early
90’s every time I got a check for 6.00 an ounce. And I would buy one or
two coins every payday. Was a broke college student at the time, and
carving out the money is the most difficult aspect for most people I
have met. As we get older, not so hard, but many, many, folks are
struggling and gold and silver has been so disrespected and
derided by the government and economists, that people have a tough time
believing that they can successfully buy and sell heavy metal.
Again, you have really helped me and although I have not been able
to put away as much as I would have liked, I do have physical metal and
you have helped convince me to double my efforts to obtain more.
If small amounts of metal were available to everyday folks (not
unlike the coin operated gold dispensing machines in Europe) and a way
for people to freely trade in the metal, it would help our cause.
Although, the damage to the national debt and the dollar may have taken
care of that issue for us anyway. I am in the high Rocky
Mountains, so nothing like your coin shop exists for us. We pay shipping
via secured FedEx. Anyway, thanks for everything you
do,
__________
Convincing
-
-
I've tried to tell people, trying to make sure at first they have
some degree of reasoning power but I have found that no one does their
home work when it comes to metals. I hate to say this but I've found
most people dumb ignorant and stupid when one trys to tell them about
the benefits of buying metals to protect them selves and wealth. At
first they attentively listen then you can tell their attention span has been lost,
its always yes but -- theyve always got something to do but never
consider silver or gold for their general welfare. They figure as long
green bucks are spendble why should they? I found most people live for
just right now. They just cannot take the time to investigate. The
hardest most unteachable lesson one can present to others is how one can
change their future and entire life through considered thought then
follow up action. In this case the considered thought is metals and
benefits for owning them. "Well if thats all I had to do was to sit
around and think of ways to get rich Id get rich to" was one
stupid sarcastic comment. Most people never read, they have tunnel
vision, they think the US fed is going to always take care of them. I
say think Katrina. Shakespeare once said "wisdom is obeyed like a
command to cats" so very true. __________
Hello Jason,
I'm responding to your article requesting input concerning what
friends and family say when the subject of PM's is brought
up.
By far, the most common response is a deafening silence. This
is primarily because I live in Shanghai, and the rest of my family is on the
other side of the planet. I rarely get a chance to talk with them
face-to-face, so they can choose to explicity ignore what I send to
them in my long emails concerning the fast deterioating financial
structure, and instead respond to other things I might have mentioned in
my emails, such as "Oh, good to hear that your weather is better than
ours over here. yadeyadeya..."
However, I have found that face-to-face meetings with friends and
family can be dangerous. Why? Because implicit in the
explanation of why PM's are set to soar, is that the dollar and the US
economy are NOT going to recover, at least anytime soon, to put
it delicately. This threatens some very well-defended comfort
zones.
Often, there is usually no direct argument against PM's.
Rather, there is the faith of those that wish to hold on to comforting
beliefs that the economy is on the mend. Here are some samples of
the usual responses I get, compiled into a fictionally
consolidated response...
"Hey, look at the stock market recovery since
March, up 65%! And there's still a lot of money on the sidelines -
and when that comes back into the markets - we'll be cooking. Real
Estate down? Yeah, it got a bit overheated, but it'll come
back. Real Estate always goes up over time, and as soon as it
bottoms, there's gonna be some killer properties to pick up
cheap.
Dollar's going down? Excellent! It'll make all our
exports cheaper, and then all the jobs will come back to the
US. Gold? Yeah, gold's going up, but it's in a bubble -
it'll crash as soon as the sideline money moves back into the
markets.
Silver? Who wants silver? I can understand some
people wanting gold, but silver is nothing but an industrial
metal. It's cheap. And if what you say it going to happen,
what with your global economic
collapse and all, there'll be no industrial need for silver - so
it'll be totally worthless.
So, I appreciate your warnings and advice, but yaknow - you
need to lighten up and get out of your Doom and Gloom mode.
Honestly, people are starting to worry about you. When are you
going to get normal?"
When I then go through the ugly fundamentals, regarding
skyrocketing governmental debt, defaults/foreclosures/bankruptcies, Fed
monetization, the fast-approaching twin tsunamis of commercial real estate and
ALT-A Option ARMS busts
and steadily rising unemployment - and how that will play out in a
collapsing economy, they get angry. One friend kicked me out of
his car in the middle of the street, shouting "Don't tell me this!
I have family!"
So now, I don't speak much about it anymore. I recall a quote
by somebody that I can't remember that captures the dilemma very
aptly: "Never destroy a man's faith without replacing it with
something equally mesmerizing."
Hope this helps.
Cheers, __________
Dear Jason:
A most interesting question indeed, how can people be convinced
that holding Gold/Silver is practical or even common sense?
We have been brainwashed by the Govt pure and simple.
I have been holding for a number of years now convinced that our
Govt will fail financially. The book of Revelations could not
conclude if this were not so. Israel will hold off the whole world
all by itself says the Bible. Where is the US? Broke and
indigent, that's where.
I have many friends that I have tried to woo into making reasonable
and (I feel) Godly inspired investments. I have been laughed at
for years. Comments that I made at work drew scowls, everyone knew
better.
More recently since the recession all of my friends have lost
money. I was at lunch with one gal that lost over $350 thousand in
IRA's and was beside herself. Fortunately she was very well off
and could afford it at the time. I spoke to her about investing in gold. She
merely raised her eyebrows and looked down.
Time and again I have tried to influence people but to no
avail. I think that they'd like to laugh at me openly but
don't out of respect for my successes. For some reason they don't
think that they can do it too. They seem to think that its
like a ball game.
If my team wins then theirs has to lose. I beat my head but they
simply can't see.
5 years ago I invest some $22 thousand in $20 dollar gold
pieces. My daughter came over to the house and saw them laying on
the table. So I told her what I did and she became livid with
me. What kind of a nut would squander my inheritance like that she
says? She had a small fortune in the stock market (Las Vegas style
gambling in my eyes) but to her it was a legitimate investment.
Since then she has lost a bundle but my coins have tripled in
value. Likewise my silver has acted similarly but she still can't
see. Slowly shes coming around but the world still thinks that I'm
nuts. I've boasted (I know that I shouldn't) about my profits and
its relative safety to friends with deaf ears. I've hoped that
this would sway their opinion. It hasn't!!!!
I have a Christian friend that I used to escort to Texas for the
winter. I tried to get her to invest in metal but she said that I
was nuts too. She's always held property and considered it a safe
haven. When the bubble burst she lost a little too. I was
still making money and told her so too and then she hit me with the
grand slam. She accused me of putting up valuables in the last
days which the Bible warns specifically against. She took God's
own words and aimed them at me like a rocket. She didn't realize
that she'd twisted his words first and made me look like the
bad guy putting up riches and sneering at God. Hardly, although I
do sneer at my Govt and what they would have us become.
So I believe its all come down to the game of brainwashing.
We are taught all of our lives that metal is unnecessary as now money is
backed by the goodwill of our Govt. The depression didn't teach
anyone a thing as we now have the FDIC. What a joke.
God said that in the last days things would be just like they were
before the great flood. We abort babies and soon now hope
to terminate the elderly Kevorkian style with our health
care. We have gay marriages and even gay priests to enlighten our lifestyles.
We adopt children to same sex couples, preach disarmament while Korea
and Iran secure our demise, and open our borders while preaching that
our differences are our greatest values. Say what? Didn't
the Bible touch on all that nonsense too? Indeed it did but again
on deaf ears. God scrambled our languages at the tower of Babel for a reason
but today we are to embrace it. I said all of that for a reason as
Silver and Gold fit nicely into that scenario. We live in a
scrambled world where up is down, back is forth, and right is wrong just
as the Lord said it would be.
I believe that people cannot accept Gold/Silver for a
reason. Very effective brainwashing is one reason, the other is
that God has blinded people totally. They have faith in man and in
Govt and God is about to destroy their faith totally. He will
illustrate that goods and services are fleeting and that the
almighty dollar is worthless. Even Silver and Gold will become
cankered and worthless but not quite yet. First Gold will be
confiscated while we throw our Silver in the streets and this
should come soon now. I don't believe that this will happen before
the rapture but soon all the same.
That in a nutshell is why I believe that people cannot see.
They march to mans beating drum and God is far from them. As
believers we can see but cannot understand why they cannot see.
Does that make sense? No amount of talking can undo what has been
done. Silver and Gold is for those that can see. God's
riches are not for everyone yet.
Respectfully __________ Greetings Jason: One
long-time friend, an email/phone friend in the reptile business --
completely ignores any mention of PM investment --
-
-
Another long-time friend very successful in the reptile business,
is paying me a small commission to help him invest (so far about $5000
in the last month or so) -- we specialize in bullion reptile coins,
altho he's also buying a lot of 10 oz silver bars because of lower
premiums -- he listens well --
-
Another coworker listens, and has actually bought a little (a few
ounces), but he rather spend his extra money on comic books -- low end
stuff, he rather collect 50 $2 comic books than one $100 one --
-
-
Another friend rather spend his dough on fossils -- he has enough
of those, trust me -- instead of liquidating some and buying some
silver, he'll do it "later" -- admittedly, shark teeth (his specialty)
are increasing in value (measured in US$), but I make the point that
they aren't really keeping up with the dollar's decline -- and most
people don't give an iota about shark teeth -- etc etc --
-
-
After much effort, and I've done everything you said, my dad has
finally agreed to purchase some silver -- I just wish he listened 12-15
months ago --
-
Two sisters play stupid (one has a BA, the other a BA and a
Master's degree) -- they'll wake up too late --
-
Actually Jason, I believe learning disabilities are far more common
in society than anyone is willing to admit -- I see it everywhere I look
-- oddly enough, my 3rd sister, with a GED (high school equivalency), is
the one who has invested well in PM's -- she'll be OK --
-
-
I look forward to your survey results --
__________ Jason, The most common argument I hear
about the economy is that it is going to recover soon and everything is
OK. This is a ridiculous position for anyone to take, but it shows
the ignorance of most people. People don't see the conspiracy of
the Federal Reserve. I
take vitamins and other supplements and I have taken them for 38 years,
but a lot of people won't take my advice re vitamins even though I have
cured other people of the same malady that they have. Similarly,
as you know, not everyone will hear the Gospel when it is
preached. Satan blinds people to reality if he can. My good
Christian friends know the economy is in serious trouble and is not
going to recover. Most people have a belief system that they don't
want to abandon because they have had it for a long time. A
perfect example is the Jews. They are looking for a messiah.
They have been waiting almost 2000 years since the destruction of the
temple in Jerusalem when the Jews were scattered. I can see being
skeptical that Jesus was the messiah for a few years, but 2000
years? That is nuts. God is doing this on purpose to get
peoples' attention. It is just like Israel in the OT when He took
them into captivity over and over again. They never did "get it."
He has told me that, "Every institution of man that man has put
his faith into will fail." This country has made money a god, and
it will crumble and turn to dust. God has told me that buying
silver is part of the wealth transfer from the wicked to the
righteous. Your analysis on where the price of gold may go to
($32,000/ounce) is reasonably accurate, in my opinion. There is
very little silver and
gold to use as money, and we are just starting to see the effect
of gold used as money. So far, silver is still a commodity.
90% silver coins are the best
money that one can have because the denominations are small, and the
coins are readily recognized by the public. Gold coins have too large a
denomination. When silver and gold become money, the price in
dollars will skyrocket, but more important, the value relative to the
commodities will also skyrocket. The price of gold in dollars is
about to become academic as the dollar becomes worthless. How much
of other commodities like food, water, oil, etc., gold and silver will
buy is what is going to be important. I believe I am going to buy
a million+ dollar house for $250 face value of silver. I remember
reading a story some years ago about a Jew on a train to a concentration
camp. He traded a gold bar for a cup of water. It was a good
trade because he was going to lose the gold bar anyway. We are
heading to the same situation. How do you buy food with a
house? How valuable is a collectible coin going to be
when the dollar is worthless. I have watched the value of many
"collectibles" drop by more than half in the last year or so.
Diamonds are presently down 50%. Cars are down 50%.
Most of the pundits are assuming that the present situation is
just a rehash of what has happened before. I don't believe it
is. I think the world monetary system is in a
place it has never been before. The world is awash in paper
dollars. At present prices, there is not enough gold to use gold
for money and replace all the paper. It appears that China is
saying one thing and doing something else. Recovery from this
recession? Not likely. God Bless
You __________
Re: Advising the
Reluctent.
-
Jason,
Thanks for your efforts to
assist those of us who are attempting to educate others about precious
metals. I happen to come at precious metals from a moralistic
perspective. At the age of eight (1958) I saw my first gold coin (1853 one Dollar
gold piece) and silver
dollar (1883 Morgan). This started me asking questions and no one
I knew had any answers. As far as these people were concerned, the monetary system was just the
way it was and that was just fine with them. But inside, I knew
something wasn't right. Then to confirm my suspicions, in 1964 all the
silver coins disappeared; no
one I knew had any idea where they all went or why. The first day at
University, after I unloaded my gear in the dorm, I went to the library
and asked where the economic/monetary stacks were located; when I found
it I walked up and took the first five books down off the shelf, checked
them out and read them during the week and came back for the next five;
I continued this weekly until I had read all 1,500 volumes in that
collection. I use to get into arguments with my college economics
professors about practically every issue. It was only later that I
discovered that I had become a "natural" Austrian
Economist.
Now I have had several decades
of discussions with hundreds of people about the
economic/monetary/financial issues. Here are some of my
conclusions:
1. People are more concerned
about being "with the herd" than about being true. I use the word "true"
rather than right, because they think that they are being right when
they are with the herd. [Being true includes the idea of being a
follower of the golden rule (the do unto others rule, not he who has the
gold rule). Even if it were physically possible to "print money" and not
as a consequence have prices increase, it is immoral to do
so; just on the principle of the golden rule. Those who "print money"
certainly would not approve of some one else taking advantage of them in
such a manner.]
My own father is a prime
example of some one who is "herd" conscious. He care more about what
other people think than most any thing else. His life has been lived in
constant fear of what others will think of him. He was the first one I
told of what I was reading about at the University library. It took him
years of face the facts that he'd been lied to his whole life about the
financial/monetary/economic system. FDR was my father's hero and what information I
revealed about that politician made my Father literally loose sleep for
years. But finally after years of rising gold and silver
prices (early 1970s) I persuaded him to invest $12,000 in silver
and $10,000 in gold. Yes we broke the "law" and purchased Austrian 100
Cronen coins from those reprobate commies in Hungary (my Father
almost backed out of that deal when he learned that the communist
government controlled mint was restriking these, just because they were
"communists" and he believed that there must be a clever plot to
"weaken" us in the West with this gold). He is definitely pro precious
metals now, but it took years. If I were attempting to do the same thing
today, I honestly don't know if I would invest the effort; because we
don't have years for people to change at a gradual pace as was the case
with my father. On the other hand, the collapse of the system may force
reluctant people to address issues faster than they'd
prefer.
2. Trying to entice a reluctant
person into precious metals with the "potential profit" carrot can work;
and I have done this as a last resort; but I always push the moral
points above all else. In my opinion, if some one isn't outraged at the
immoral actions by the "paper money cabal" they aren't worth the effort
to educate them. I see the majority of people in the precious metals as
"profit oriented" and I know that this is better than their being
apathetic about these issues; but this attitude isn't much different
from those in the "paper money" crowd; after all these "paper" people
are motivated by profit as well; the "paper" people are willing to
steal. Now don't get me wrong, I'm not opposed to profit, but to obtain
a profit morally is the key point here.
For example, I have never
purchased a house using convention mortgage arrangements, because I
wasn't going to fall for the "something for nothing approach; by this I
mean the idea of paying for a house with depreciating currency. This
isn't what I would find acceptable if I was selling the house, and if I
was buying a house at
some point in the future I would be a seller. Plus the idea that I would
later sell some one into "slavery" (even voluntary) is
repugnant!
3. I always paint the darkest
picture of the future, with out precious metals as money; because I want
the people to know that doing nothing will result in the worst outcome
possible. I'm referred to as the "doom and gloomer", but only by those
who have chosen not to act. I even had one co-worker instruct me to
never bring up the subject with him again, ever! Every thing I was
telling him would leave him in a black mood and he wasn't going to pull
his head out of the sand; his dreams about retirement and future
contentment were challenged by what I was bringing to his attention.
4. Most people I talk with are
not concerned about getting precious metals until they see the prices
rising, then they want to jump in with both feet. I've always practiced
dollar cost averaging
and buying pull backs and so that is what I preach. But people can't
control themselves emotionally; emotion is their principle motivator
rather than logic. They crow about how smart they are when they buy gold
at $1,000 when I've been telling them to get it years ago at $300, $400,
and $500 per ounce. When the price breaks down their emotions tell them
that prices will continue down and conversely when prices are up they
will continue up. What "fools these mortals be" is a good summary for
people. One of my friends has been talking about buying for years and
when gold finally pushed about $1,000 he bought and when I asked him
why, he replied "it broke a thousand"! Like that was some kind of
logical conclusion that any one could grasp. It is as though it had to
go above that number to prove to him that the price could go above that
number.
5. The "side tracked" person is
very frustrating for me. The people who know all about precious metals
and even have had some and sold it when the "once in a life time"
opportunity came along to add on to the house or go on that dream
vacation; and then when prices finally take off they wail and weep about
how they could've should've would've known better; only to build up
their precious metals reserves and "spend" it on something or other and
then do the self denunciation gig all over time after time. These people
remind me of the almost converted Christian, who spent decades in the
pew, hiding from God. I admit church is a great place to hide from
Deity, but it is still not salvation or redemption, just self abuse. I
had a former business partner who admitted that he punished himself, so
he could save God the effort; after all, he reasoned, how could God
punish him when he'd already done it to himself?
6. The deflationists I know
always quick to point out that precious metals will collapse when the
deflation finally arrives. I simply ask them a question; "This deflation
you speak of, will it be like Japan has had over the past twenty years?" When
they respond, "Yes!" I them pull out the price chart for gold in Yen and
ask them to explain how prices are rising in Yen? They can only say that
it will go down at some point. I then ask the natural next question,
"When?"; in another twenty years? I'm looking forward to the Demographer
Dent's explanation for why the precious metals prices
increasing even as the economy tanks further. He said that he'd have to
re-evaluate his projections if gold went to $1,200 and kept rising. I
think the deflationists have taken their stance because it sells their
publications. They are playing and paying off people's insecurities
concerning the future behavior of precious metals. This, for me, it just
as it should be; the longer the majority put off reality the greater the
explosion that will result when their world view fails
utterly.
7. Political types have the
state as their religion and they expect the state to "save them" when
the SHTF. They don't need precious metals because fundamentally they
don't want to be reconciled for their future; that is what governments
are for. I try to explain to them that the government "eats the people";
that is what it always does, why it was organized in the first place.
When I show them historically that the "founding fathers" of this "great
nation" were intent on milking the masses for every thing they could
get,they are shocked! In essence people want "heros" to admire and
assure them that the future is secure with the powers that be in
control. Of course, they will concede that the "system" isn't perfect,
but it is better than the chaos that would surely engulf us with out the
state. I wonder what excuse the political types will come up with when
the chaos comes in spite of (because of) the state's
efforts?
These are just a few of my
thoughts from my experiences attempting to educate people about the mess
we're in.
Thanks for your time and
patience.
Yours, __________ ur emails are
too long
-
-
I replied: 1200 words is too much?
-
Came the reply: for ADD culture, over 500 is too
much!
__________
Hello Jason!
This is not about
naysaying, but....
I've been reading your warnings and others' as
well for years now. And like other readers might feel it's a long
learning curve. Lately
I have come to the conclusion that while in theory everything you say
and advise about holding precious metals is true, reality has different
limits for different folks.
I'm watching the value of my holdings
go up and down, all the while realizing that the market makers are
swimming in earnings as the charts follow the hooker's
drawers. Individual investors just can't trade efficiently
against the brokers. It's one thing to buy and hold physical for
its storage function, but even then the naked shorts play havoc with
it. As long as short are allowed to go naked and losing futures
are settled in cash, we don't actually have real price discovery.
Plus the well-connected players can get money for zero interest.
We are screwed coming and going.
There's gotta be a better
way!
Best Regards,
-
PS. I get very positive responses from family and
friends, some even bought more, but they had some before. Mostly
folks are paying down debt before considering
PMs.
__________
Jason,
Everyone thinks I am a broken record.
Gold this, Silver that! However, If you read behind all of
the excuses people give as to why they don’t jump on board, it flat out
comes down to the fact they just don’t have any money. Not
everyone, but most can’t take action if they wanted to. I just had
a minor success with my father, he just conceded and bought some Fake
Paper Gold. He actually believes in their Guarantee. He
bought it because it was convenient. I hope for his sake they
honor their word. I am owning mine the old fashion way.
__________
Analogy for buying silver and
gold
-
Jason, I teach combat shooting so I use the following
analogy to illustrate the importance of buying silver and gold. If
I were walking through a bad part of town and somebody tries to rob me
or attack me, they probably won't be very successful if I pull out my
.45 and know how to use it. If however, I walk through the same
bad part of town the next day, and someone tries to rob or attack me and
I pull out a receipt for my .45, then I submit that the outcome of the
encounter would be vastly different. In like manner, paper
money, stocks and bonds, etc. are only receipts or IOU's for "real"
money and will not be able to protect anyone's assets in the coming
meltdown. When I put the matter in those terms, friends are often
are able to understand the importance of buying gold and silver, the
only historical "real" money. __________
Jason,
I write a free newsletter to 102 people , mostly friends of mine. It is mostly
about gold and silver and the conomy. I am a highschool teacher and the
toughest questions come from teenagers.
Questions or comments I hear from everyone. I do try to help as
many people as I can.
#1 Where would I get silver or gold, store it and re sell it at the
right time. They say I don't want to deal with all that, while they
complain of making only 1% per year in the IRa accounts. I'm not stupid
I listen very carefully in a crowd of other conversations that I'm
not involved in..
#2 The highschool kids say if silver is going to go up then why is
it still in the 15 to 19 range and hasn't done much. Kids like fast
moving excitement. They are right it hasn't done much. The ratio of
silver to gold is moving higher now at almost 64. I tell them this is
your chance to buy more and build up your silver pile.
#3 They don't understand why gold is $1200 and silver is $19
if silver is so rare.
#4 I have actual High School kids that own 10 to 100 oz and are
just holding it but don't understand why the silver shortage hasn't done
much to the price. What do I say to that?
I would like to say that this price range of 9 to 20 has really
allowed me to build up my silver pile up to 517 oz and some gold, but I
do wish it would move higher, I to am waiting and I'm not sure if my
followers will hold on forever. __________ >
Another common concern is that "You can't spend it." That's proof
it's cheap! Indeed! > You also
can't spend your house, stocks or bonds! That is a good
point - I'll have to remember that one. > Money is more than
just a medium of exchange, it's also
a store of value. Of course the US$ is doing poorly - soon
to be disastrous - in that regard. I think the main obstacle we
face with the majority of people is more basic. You're describing
aspects of showing people that they should invest in (real) gold (and
even better) silver instead of other investments - which are
typically mutual funds of stocks. (You'd think after the stock
market crash a year ago that it would be easy...) The thing is
the majority of people don't have ANY investments - they live
pay-cheque to pay-cheque, making the minimum payments on high
interest rate credit cards with big balances from all the useless
crap they buy. Of course long term big picture thinking
regarding gold and silver is just a great way to learn what really
matters - making investments that will last for eternity. Have
you read the book "Money, Possessions and Eternity" by Randy Alcorn
yet? I would highly recommend
it. __________
Jason,
I really
think this is one of the most important topics for family’s and close friends. Most
families have zero or one bulls that understand the value of REAL
money.
I tried to get my parents to
buy some silver and then gold. They won’t. I even said that
I will 100% guarantee better returns than what the bank is paying in
CD’s and savings accounts. I said I will back it with dollars or
gold or silver. They will not accept my promises as they think I
may have to pay out my pocket for them. The next excuse is that
they are too old to risk dollars in gold or silver. I have given
them some gold and silver as presents for Father’s day, Mother’s day,
birthdays and Christmas. My dad owns stock in Caterpillar which I
think could even go down significantly against dollars, not to mention
silver and gold. I bought the book “The Creature from Jekyll
Island ” along with an AU PCGS gold eagle for my dad saying that he
could keep the coin if he only read the book. I have since heard
many excuses why he hasn’t read the book. I also sent an email to
my entire family in early 2008 stating there was a big risk of holding
normal stocks and they should buy some gold and silver to protect
them. My brother replied with “We are too busy with two new
children and two dogs to read about the articles I sent them”. My
brother worked for Fidelity Investments at the time and has since been
laid off. At that time (before the initial stock crash) that I
received a lot of feedback that I was much too negative and I should be
more positive on the economy and the dollar.
-
Recently, I heard from Don
Stott at Colorado Gold that the best book for convincing people was “The
Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil,
and Other Unconventional Investments”, so I’m going to order two copies
(one for me and one for my parents). Maybe it will help, maybe
not.
At this point I don’t know
what to really say when they won’t even read or put any effort into
learning why they need to own some monetary insurance. My brother
I’m sure has much more money, and also lost a ton about a year ago in
the initial meltdown, with is nothing compare to what I think will
happen. I initially urged them to all buy silver in 2006 when it
was $10 an ounce and the Fed discontinued reporting M3.
Unfortunately I’m not wealthy enough to protect them all so I’m
currently at a loss at what to tell them after both gold and silver have
doubled since then.
-
Your help on this topic for
me and thousands of others (millions if you include your email lists
family and friends) is pretty much as “American Express” would say is
PRICELESS!
I am personally concerned
about a pullback in silver after the next stock market crash that I
think is sure to come, and that if we have deflation in the future that
the gold silver ratio will increase much further. I am convinced
that in 10 years that silver will be an order of magnitude higher due to
how it is used and continuous declines in above ground storage of
silver. I still hold it, but am
concerned.__________ Dear Mr.
Jason : I viewed your streaming video interview. Quite
enlightening. As for the soft sell, I have placed $20 Eagles,
Indians, St. Gaudens, British
Sovereigns, French Angels, French 50 Franc Hercules, 10 oz. silver bars,
Australian 1 kilo " Kooks", and 100 oz. Engelhard bars into the laps
of people. Same result : They ask, " How do you get
money for it ? " I tell them that it is money.
Then they go on and tell me that the stock market long term is much
safer. A man I know that works at the local convenience store catches his
own fish, uses a small 12 guage shotgun to hunt pheasant in the
Sacramento Delta region and goes to his local coin shop to purchase
1 ounce silver rounds.
He told me that the paper money system is not trustworthy ! He
also has a working sluice here in Napa County ,
California. I have collected stamps & coins since
the 1960's. Started accumulating pm's since 2003.
Question : When is a good time to sell & if so, where do you
put the paper money ? P. S. I subscribe to Kitco.com,
Seeking Alpha, Whiskey & Gunpowder, Daily Reckoning.
Where are we in this bull market? The innovator stage, the
imitator stage or the idiot Stage ?
Thanks. __________
Hi there
Most common response to buying gold AND, bizarrely, silver
(!!!) - "I can't afford it." Ha.
Regards __________ Jason, It's
just basic lack of knowledge as everyone under the age of 50 has only
known prosperity and stability until recently. The sense I get is the
pre 1950's generation never trusted prosperity/stability and post 1950's
group has only had the wind at their backs. Also the
political class has done a great job in transitioning the country from a
precious metals backed money
system to our fiat paper money regime. I like to remind my friends and
family that nothing lasts forever (except gold/silver) and silver is a
great way for the middle class to save, especially in our current zero
interest rate environment. The greatest challenge is to
convince them that exchanging dollars for silver is a form of savings
not investing. For some reason they all think "saving" is less risky
than "investing" so explaining the advantages of silver today is
paramount. Keep up the good work
Jason. Regards __________ Dear Jason,
-
While I would prefer that I and my son (age 10 at the time
and now 13) had caught the silver bug much sooner when there was more
currency to buy with, we understand that our family has been financially
more challenged during the past three years due to spending money on
adoption which was more than worth it. Still, choices were made
that were not valuable and could have been spent on silver or gold by my
husband, who has only recently been getting interested, but not
interested enough to make do much. Still, he does occasionally buy
an ounce or two and a few months ago actually bought about 12 ounces
when I convinced an ebay seller to sell the last of her silver to
us.
-
-
Tell me exactly what your friends and family who reject gold,
actually say. Our son-in-law who lives in the same house believes
silver and gold are doing well now, but the amount of value increase
won’t be very much and God will take care of us.
-
-
Please tell me in as much detail as you can.
-
What are their arguments? It is unrealistic to expect
the few ounces I can afford in my weekly allowance buying on ebay to
help much. Still, he does believe at this point that stocks are a
bad plan and silver would be a better investment. What are
yours? If the four of us adults took 100 euros a month out of
income coming to 200 euros a piece, then it could make a difference and
that just maybe in a couple of years it would come to $500 for an ounce
of silver. If not, we just wouldn’t spend it and at least we would
have a tiny saving since currency is incredibly shaky.
-
-
How does the conversation go? It used to me maybe 30 seconds
and they might just walk away in midsentence. How long will they let you
talk before cutting you off? It used to me maybe 30 seconds and
they might just walk away in midsentence. Now that the son-in-law
is unemployed he talks about his relatives with money who keep
everything in stocks and wishes they would switch to silver and gold. My
husband only accepts short sentences, but at least occasionally buys an
ounce or two. Do they actually tell you to "stop talking," or do
they give you an argument you can't think of a reply to?
Their eyes used to glaze over like zombies, but they get excited when
they see a small package that might be an ounce or two arrive. What do
they need to hear? For my son-in-law, he gets upset when a a
package comes in the mail to my husband, thinking it might be a silly
widget, but if he finds out is silver, he actually calms down now,
thinking it is at least harmless. What are their strongest
arguments? There is no way the small amount we could, if we did
invest make that much difference and it would probably be better to try
to save currency so that some day we will be able to buy a house instead
of rent.
-
-
What are they unconvinced of? God will provide. What do they
need to be convinced of? I’m not sure, maybe I’m overly hopeful,
but in the past when the odds were not good and I chose to give up, I
later realized that doors may have opened and opportunities were
missed. What would you like to share with them? John 6:9 "A boy
who has five loaves of barley bread and two small fish is here. But they
won't go very far for so many people." 10 Jesus said, "Have the people
sit down." The people had plenty of grass to sit on. (There were about
5,000 men in the crowd.) 11 Jesus took the loaves, gave thanks, and
distributed them to the people who were sitting there. He did the same
thing with the fish. All the people ate as much as they wanted. 12 When
the people were full, Jesus told his disciples, "Gather the leftover
pieces so that nothing will be wasted." 13 The disciples gathered the
leftover pieces of bread and filled twelve baskets. 14 When the people
saw the miracle Jesus performed, they said, "This man is certainly the
prophet who is to come into the world." GOD'S WORD ® Translation Have
you sent them any of my emails? Yes, and my husband now reads them
sometimes. No response from daughter or son-in-law.
-
Would you like to send them any particular email? Not
sure.
-
How persistent are you? It is normal to talk politics in our
family, and about how Christians are increasingly ridiculed.
Survival strategies just fit in naturally. Do you have a planned
conclusion to the discussion?
-
-
Do you present them with places to go and buy? Yes, very
often. Do you just not get that far? That’s correct. Do you
expect them to take the time to study diligently for over a year to
figure out what you have figured out? No.
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Have you put gold or silver into their hands? Yes, and now
they are dreaming about getting more, but !-- --
--!
__________
thanks
I am spreading your page
to friends. I am starting to like your
stuff
__________
Jason, you may
find this article interesting. Would like to hear your take on it.
Thanks.
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Good report on Dubai, but his knowledge of gold is poor.
Everything he says is wrong.
RE:
"I'm also preparing a special
report on gold. You will see that -- in the middle of this huge drive to
manipulate gold -- demand for the yellow metal has not risen. In fact,
it is plunging. Goldmines that normally sell their production forward in
anticipation of higher prices in the future. Guess what they have pulled
all their hedges. Meaning the producers think the price is so high they
are selling all they can as fast as they can into the market. And you
should to! Gold sales are down 30% year over year, falling even further.
I've never heard so much b.s. about a market that, in 18 months, only
managed to go up 10%. "
That's all wrong! Demand for gold
is not plunging, it's soaring. The US Mint is sold out as we
speak.
Goldmines do NOT hedge "in anticipation of higher prices
in the future". They hedge to lock in prices now, to protect
against lower pries in the future. With hedging, you can only lock
in the current price, not future prices. The man does not
understand futures at all. You lock in today's price "in the
future". What a moron.
Yes, the mines are dehedging.
That means they are covering, buying back the gold they sold and locked
in at the $300 price way back at the bottom of the
market.
-
__________
Excuses??? Dozens of them.
"I am not a gold bug."
"It's a bubble."
"Difficult to spend it." etc.
My conclusion: Sheeple do not
really believe their paper money can fail!! They might have a vague
awareness of the disaster in Germany in the 1920s, but they know
nothing of Argentina or
Zimbabwe or any other
failed currency. Yes, you can put coins in one hand but you
can put a $100 bill in the other hand and they think both are
swell. Probably would take the paper money because you can rush off and
immediately buy some new piece of expensive crap Apple has invented so
you can twitter and natter all day about nothing. Why do people have to
talk all the time?!!
Every warning, every bit of financial advice, I have
given to friends and families over the years has been correct. And they
ignored it all. You would think at some point I would have
credibility. Nope. Never dawns on them that I am on to
something.
My opinion of the intelligence of the human race is
quite low. Most people are self-indulgent idiots with the IQ of a dial
tone. This explains why the worst scumbags can get elected. People
are too lazy to think, to question and to take intelligent actions to
protect themselves from anything. They really believe government is
looking out for them, will do the right thing and ultimately take care
of them. It is truly the nannie state--"Hey dude, where's my government
cheque?"
There is nothing that persuades them. I have
talked till blue in the face about the collapse ahead and the listener
will nod, agree, cluck cluck oh dear gosh
and then DO NOTHING. Oh..except take another trip
somewhere on credit. They think I am a scare monger, a conspiracy
nut etc. Just a daft old man who needs humoring once in
a while.
I am 70. Have had many careers Army,
investment broker, teacher, writer. I taught economics but
have had people lecture me that the CPI is a basket of goods that
accurately measures inflation. The fact that this is total BS is
beyond their understanding. They actually believe government
statistics.
It does not help the they might watch some TV guru
giving horribly bad advice. I saw that dweeb Suzie Ormond (or whatever
her name is) tell people to buy T bills for the next ten years and dont
bother to even watch the market. There is no surer way to go broke
than that. People believe the TV hucksters but not me. Cramer says
you're wrong? Then you must be wrong.
My health is poor but I know that my children and
grandchildren will either survive or fail based on what I
do. It is fascinating that everything I now do I do for
others--the next generations. I wonder if they will ever think of
me--thank me??--when I am dead and gone. Probably not. They
will not be homeless, hungry or in dire straits because of what I have
done the past 20+ years. In fact, they may be very well off.
[Instead of junkets around the globe I bought gold and
silver...for their future!] As long as they don't just take their
windfall inheritance and blow it on frills and trinkets, which I fear
they will do. All my work and wisdom will have been for naught.
"The difference between stupidity and genius is that
genius has limits." W. Churchill.
__________ Jason, This email is
in response to your request. FYI: I bought in at POG $450 &
POS $7. Back then, I was ridiculed and told by some friends that
I was being irresponsible as I refinanced my house and took the proceeds
to purchase bullion. I couldn't access my retirement funds and they are
tied up in the government's Ponzi 401K scheme. Today, these same
friends call me lucky... Out of a group of roughly 50 friends, I
was able to convince only one to buy gold, and he only purchased less
than $30K. Everyone else is still gun shy. The good news
now is that I am no longer considered a financial idiot. Some
are thinking about buying, but even these few are still sitting on the
fence, undecided. Sincerely, __________ I
strongly advise you to get real gold and silver, at
anywhere near today's prices, while you still
can. Price Board:
http://jhmint.com/cgi-bin/ssrbidask
Our
Coin Shops are open 10AM to 5PM Pacific, Monday to Friday
100 oz.
silver minimum, USA shipping, wire transfer only!
Janelle (530)
913 0553 silver_support1@vzw.blackberry.net
(530) 273-8175
JH MINT & Coin Shop, Grass Valley,
CA
http://www.jhmint.com/
Rocklin Coin Shop, CA, 15 min north of
Sacramento
http://rocklincoinshop.com/
Or visit www.momsilvershop.com
(Mom will
ship in lots of more or less than 100 ounces of silver, and
overseas, and take credit cards or pay pal.) Sincerely,
Jason Hommel
In case you miss an email, check the archives:
http://silverstockreport.com/
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