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Silver Is the ONLY Asset that Is NOT Someone Else's Liability
COINB0Y
Posts: 4,505
Safehaven
by David Morgan
Before sending me an e-mail telling me I am wrong, let me admit it!! I am WRONG -- silver is not the only asset that is not someone else's liability. But some of the staunchest "Gold Bugs" have it wrong and insist that gold is the only asset. In fact, fully-owned lumber or land or even an apple orchard are assets, and again, if owned outright would be an asset without a liability.
Before moving on, I must digress and point out that silver is
the ONLY asset that reflects light better than any other element
the ONLY asset that conducts heat better than any other element
the ONE asset, more than even gold, used as money -- for longer periods of time and by more people throughout world history
The real rub is how silver will do in times of financial stress. Certainly we can look to history and find there are mixed results. Today, rest assured that silver is an asset coveted by investors as a safe haven. During the fall of the Twin Towers, gold rocketed up 7%, and silver, 11%. Yesterday, September 17, 2008, gold was up nearly $90, but on a percentage basis, silver was up even more. Let me be clear -- silver does move up and down, and in percentage terms, the moves in both directions are greater. However, as the spiral down continues, many will seek both of the precious metals.
Conspiracy, no way!
Who said that?
Please read the following famous quotes from some of our most prominent historical figures.
"I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world . . . no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by opinion and duress of small groups of dominant men." Woodrow Wilson (He was the President that signed the creation of the Federal Reserve into law in 1913.)
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt." Henry Ford
"Fifty men have run America, and that's a high figure." Joseph Kennedy, 1936
"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the Government ever since the days of Andrew Jackson." Franklin Delano Roosevelt, 1933
"We shall have world government whether or not you like it . . . by conquest or consent." James Warburg (Rothschild banking agent, financial adviser to President Franklin D. Roosevelt), 1950
"The real rulers in Washington are invisible, [and] exercise power from behind the scenes." Felix Frankfurter, U.S. Supreme Court Justice, 1952
"The case for government by elites is irrefutable." William Fulbright, U.S. Senator, 1963
"The Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States . . . They will rule the future." Barry Goldwater, U.S. Senator, 1964
"We are grateful to The Washington Post, The New York Times, Time magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to bright lights and publicity during those years. But the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries." David Rockefeller (Trilateral Commission Founder), 1991
"Today, America would be outraged if UN troops entered Los Angeles to restore order. Tomorrow, they will be grateful! This would especially be true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by a World Government." Henry Kissinger, 1991
"In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn't such a great idea after all." Strobe Talbott, former U.S. Deputy Secretary of State, 1992
"We are not going to achieve a new world order without paying for it in blood as well as words and money." Arthur Schlesinger, Pulitzer Prize recipient, American historian, special assistant and "court historian" to the President in John F. Kennedy's administration
Finally, ask yourself the question, "What is the real motivation for the passage of the following directive?"
The National Security and Homeland Security Presidential Directive, signed on May 9, 2007, declares that in the event of a "catastrophic event," George W. Bush can become what is best described as a "dictator":
"The President shall lead the activities of the Federal Government for ensuring constitutional government."
This directive, completely unnoticed by the media and given no scrutiny by Congress, literally gives the White House unprecedented dictatorial power over the government and the country, bypassing the U.S. Congress and obliterating the separation of powers. The directive also placed the Secretary of Homeland Security in charge of domestic "security."
Once one has come to the conclusion that gold and silver not only offer protection against inflation, an unstable financial system, and an uncertain geopolitical future, the two questions are, "In what form is the best way to own it?" and, "How do you protect that investment?"
I am a big proponent of owning physical metal. Real metal is not easy to obtain today and has not been easy for the past few weeks. This might give you pause to consider your asset allocation and whether you have any exposure to further financial disruptions.
Have you considered that capital and exchange controls might hamper your ability to receive the metal? How do you know for sure that the bullion vault is not leasing out your gold? How fast can companies turn large bars of gold into deliverable ounces?
In other words, are you prepared for the changes in economic/political policy, dissolution of the central banking system, and catastrophic events?
It is an honor to be,
by David Morgan
Before sending me an e-mail telling me I am wrong, let me admit it!! I am WRONG -- silver is not the only asset that is not someone else's liability. But some of the staunchest "Gold Bugs" have it wrong and insist that gold is the only asset. In fact, fully-owned lumber or land or even an apple orchard are assets, and again, if owned outright would be an asset without a liability.
Before moving on, I must digress and point out that silver is
the ONLY asset that reflects light better than any other element
the ONLY asset that conducts heat better than any other element
the ONE asset, more than even gold, used as money -- for longer periods of time and by more people throughout world history
The real rub is how silver will do in times of financial stress. Certainly we can look to history and find there are mixed results. Today, rest assured that silver is an asset coveted by investors as a safe haven. During the fall of the Twin Towers, gold rocketed up 7%, and silver, 11%. Yesterday, September 17, 2008, gold was up nearly $90, but on a percentage basis, silver was up even more. Let me be clear -- silver does move up and down, and in percentage terms, the moves in both directions are greater. However, as the spiral down continues, many will seek both of the precious metals.
Conspiracy, no way!
Who said that?
Please read the following famous quotes from some of our most prominent historical figures.
"I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the world . . . no longer a government of free opinion, no longer a government by conviction and vote of the majority, but a government by opinion and duress of small groups of dominant men." Woodrow Wilson (He was the President that signed the creation of the Federal Reserve into law in 1913.)
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. The one aim of these financiers is world control by the creation of inextinguishable debt." Henry Ford
"Fifty men have run America, and that's a high figure." Joseph Kennedy, 1936
"The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the Government ever since the days of Andrew Jackson." Franklin Delano Roosevelt, 1933
"We shall have world government whether or not you like it . . . by conquest or consent." James Warburg (Rothschild banking agent, financial adviser to President Franklin D. Roosevelt), 1950
"The real rulers in Washington are invisible, [and] exercise power from behind the scenes." Felix Frankfurter, U.S. Supreme Court Justice, 1952
"The case for government by elites is irrefutable." William Fulbright, U.S. Senator, 1963
"The Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States . . . They will rule the future." Barry Goldwater, U.S. Senator, 1964
"We are grateful to The Washington Post, The New York Times, Time magazine, and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to bright lights and publicity during those years. But the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto determination practiced in past centuries." David Rockefeller (Trilateral Commission Founder), 1991
"Today, America would be outraged if UN troops entered Los Angeles to restore order. Tomorrow, they will be grateful! This would especially be true if they were told that there were an outside threat from beyond, whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by a World Government." Henry Kissinger, 1991
"In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn't such a great idea after all." Strobe Talbott, former U.S. Deputy Secretary of State, 1992
"We are not going to achieve a new world order without paying for it in blood as well as words and money." Arthur Schlesinger, Pulitzer Prize recipient, American historian, special assistant and "court historian" to the President in John F. Kennedy's administration
Finally, ask yourself the question, "What is the real motivation for the passage of the following directive?"
The National Security and Homeland Security Presidential Directive, signed on May 9, 2007, declares that in the event of a "catastrophic event," George W. Bush can become what is best described as a "dictator":
"The President shall lead the activities of the Federal Government for ensuring constitutional government."
This directive, completely unnoticed by the media and given no scrutiny by Congress, literally gives the White House unprecedented dictatorial power over the government and the country, bypassing the U.S. Congress and obliterating the separation of powers. The directive also placed the Secretary of Homeland Security in charge of domestic "security."
Once one has come to the conclusion that gold and silver not only offer protection against inflation, an unstable financial system, and an uncertain geopolitical future, the two questions are, "In what form is the best way to own it?" and, "How do you protect that investment?"
I am a big proponent of owning physical metal. Real metal is not easy to obtain today and has not been easy for the past few weeks. This might give you pause to consider your asset allocation and whether you have any exposure to further financial disruptions.
Have you considered that capital and exchange controls might hamper your ability to receive the metal? How do you know for sure that the bullion vault is not leasing out your gold? How fast can companies turn large bars of gold into deliverable ounces?
In other words, are you prepared for the changes in economic/political policy, dissolution of the central banking system, and catastrophic events?
It is an honor to be,
0
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In a rapid escalation of an earlier clampdown on short selling, ASIC said Sunday it decided to ban covered short selling from the start of trading Monday because a number of countries had banned covered short selling of financial stocks. If Australia didn't introduce its own ban, the commission said, there would be a risk of "unwarranted activity" in the local market.
ASIC late Friday said it would ban naked short selling, that is, when the seller doesn't have an agreement to borrow the shares that it has sold. It merely tightened rules on covered short selling -- when the seller has a binding stock-lending agreement in place -- but still permitted the practice to occur. Friday's announcement now has been superseded.
"These measures are necessary to maintain fair and orderly markets in these exceptional times of global crises of confidence in financial markets," ASIC Chairman Tony D'Aloisio said Sunday.
"Because of the relatively small size and the structure of the Australian market, it is necessary to extend the prohibition to all stocks," he said. "To limit the prohibition to financial stocks, as has been done in the U.K., could subject our other stocks to unwarranted attack given the unknown amount of global money that may be looking for short-sell plays."
ASIC said it had been assessing moves by other international regulators since the announcement on Friday.
The regulator said that there would be a limited exemption to the ban on covered short selling for market makers. It said it will advise the market in 30 days whether it will reopen covered short sales for nonfinancial stocks. The ban on covered short sales for financial stocks will be reviewed in line with reviews by the U.S. and the U.K.
Treasurer Wayne Swan and Minister for Superannuation and Corporate Law Nick Sherry welcomed ASIC's ban.
Some investors had expressed concern that if Australia continued to allow short selling, it could become a target for global hedge funds looking to short stocks after they were locked out of the U.S. and U.K. markets.
In a related development, ASIC last Wednesday extended the scope of an inquiry it launched in March regarding the spreading of alleged false rumors to drive down share prices. "ASIC is looking into alleged false rumors about a number of companies, including Macquarie Group Ltd.," the regulator said.
Separately, Taiwan will ban short selling of 150 of the stocks in the Taiwan 50 Index, Taiwan Mid-Cap 100 Index and the Taiwan Technology Index when they trade below the previous session's closing levels. The ban will cover the two weeks starting Monday, the Financial Supervisory Commission said late Sunday.
The island's financial regulator said the measure will help "maintain the market's order, stability, improve investor confidence, and boost the stock market."