Obama: Silver Salesman of the Year!
(Two years running!)
Silver Stock Report
by Jason Hommel, October 25th, 2010
Obama is an amazing gun salesman and silver salesman. He's caused the gun sales by being a gun grabbing liberal. He's an even better silver salesman than gun salesman though, since the sales of US Mint Silver Eagles has just about trippled on his watch, but I'd never even heard him mention the subject of silver. That's quite a feat!
Politics this year has just not gripped me like other years.
I'm optimistic for the future of the nation because there is a Tea Party backlash against out of touch Washington spending, socialism, and the continued erosion of our God given liberties that are recognized in the US Constitution.
But the truth of the matter is that I hardly care who wins.
If liberals stay in charge, they will make things worse for the rest of the nation that probably deserves such punishment from God, and the dollar will go down, and it will mean higher prices for silver and gold.
If Tea Party Republicans get elected, their movement is still likely too small to make much of a difference, and they might raise more awareness of the importance of honest money, which will be bullish for silver and gold prices.
Thus, if you have silver, like I do, then either way the elections go, you win!
Maybe I'm not paying much attention to politics, because I have more important things to focus on.
I'm a new dad again!
Hayden Jay Hommel was born on October 20th, 2010. 10-20-10
Even our local hospital nursery is aware of the importance of inflation. They publish prices of a basket of common goods on the day new babies are born.
You can see a picture of this beautiful boy, and prices, here:
Loaf of Bread: $2.49
Gallon of Milk: $3.85
First Class Stamp: $0.44
Gallon of gasoline: $3.20
New Car: $21,750.00
Average New Home: $320,000.00
Hmmm, how about that milk, which I will be buying more of now? What price was it in the year 2000, at the start of the bull market in silver?
$2.75 to $3.00 a gallon
Yes, there has been inflation. How much?
Ah, the smartmoney compound interest rate calculator comes to the rescue again.
The inflation was a cumulative 40% for the last ten years, and an annual 3.42% gain per year.
How did silver do compared to milk?
Silver started at about $5 in 2000. Today, it's about $23.66/oz. Much better than milk. Stores longer, too.
Silver's gone up 760% for the period of the last ten years, which works out to an annual average of 24%. That fairly beats out any other major monetary investment class, and it's only money, the best investment that there is, since it's the very definition of liquidity and money.
And yet, the tiny silver market still only has about $2 billion of new investor money flowing into it annually. It is tiny, tiny, tiny in the scale of world finance, and stands to gain about 30% per year, or more, on average, for decades to come.
The silver market is so small, and so few people are following it, that it's taken me literally ten years to figure out something very basic, because there are so few people following this market who would be available to bring this to my attention earlier than now. This realization is that even tiny increases in the rate of inflation of new money will cause massive increases in the eventual dollar prices of silver, because the paper money market is already so obscenely large, and the silver market is still so ridiculously small.
I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can. The fundamentals indicate rising prices for decades to come.
Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends.
JH MINT & Coin Shop, Grass Valley, CA -- minimum $2000 order for free shipping, USA shipping only.
Kerri: (530) 273-8822
See also my Mom's Silver Shop in Sacramento, CA
3510 Auburn Blvd., #12
Sacramento, CA 95821
(916) 481 5656
(Mom will ship with no minimum order size, and overseas, and take credit cards and paypal.)
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For the Biblical case for the benefits of using honest money, see www.bibleprophesy.org