saveyourassetsfirst3

Yukon Conference to Highlight Area Play
The Legend of the Lost DeLozier Silver Mine
South Australian Gold mining
Why Fed Money Creation Hurts the Poor Population
The JP Morgue Whistleblowers Are Back - Cartoon bears on silver
Kitco market prices stuck?
Paper, Plastic, or Silver
Why silver is the top pick for 2011
Rick Rule - Physical Supply Shortages in Silver to Continue
Gold is Money, What About Silver? Can Gold be Debt?
Gold market update
Part 2 JP Morgan Silver Manipulation Explained
The 'True' Cost of ETF Ownership
Gold Flows to China Rise Sharply (and Early) Ahead of New Year…

Posted: 24 Dec 2010 11:42 PM PST

As our Christmas present to our web log readership, just below is an offering that normally would have been reserved for Vultures (Got Gold Report subscribers) only. Enjoy and Merry Christmas. Our generation may remember as kids, on Saturdays we were glued to our black and white TVs watching the Saturday serials such as The Rex Allen Show, Roy Rogers, Lassie, The Lone Ranger, The Whirly Birds, Rescue 8 and Sea Hunt to name but a few. One show, probably already a re-run then, helped to form a lasting impression of the Yukon country in the minds of young Texans. That show was Sergeant Preston of the Yukon, the story of an intrepid Canadian lawman and his trusty dog Yukon King bringing law and justice against heavy odds to an otherwise lawless crowd of gold-crazed Klondike boomers in the late nineteenth century. ...

The Legend of the Lost DeLozier Silver Mine

Posted: 24 Dec 2010 05:00 PM PST

Graham

South Australian Gold mining

Posted: 24 Dec 2010 04:00 PM PST

South Australian

Why Fed Money Creation Hurts the Poor Population

Posted: 24 Dec 2010 06:00 AM PST

If you are like me, then you don't quite understand what the hell is going on with this economic stuff, but you are pretty sure that it starts with the foul Federal Reserve creating so much excess money and that a lot of people ought to be in prison Right Freaking Now (RFN).

Knowing that, you then think to yourself that your Whole Freaking Life (WFL) is one long, dreary testament to the fact that all great mistakes start with having the money to finance them.

And knowing that, you then remember that the Federal Reserve is actually only a private bank (owned by sinister, shadowy people, unnamed foreign powers, various shell corporations and probably invaders from outer space, each with a secret agenda of their own) that has literally been given the power to counterfeit money.

And knowing that, you then remember that 4,500 years of history proves that when banks are given permission to create more money, they always end up doing it to excess, and after the inflationary booms that all this new money causes, it always ends badly for everybody when the booms go bust.

And knowing that, you are thusly Scared Out Of Your Freaking Mind (SOOYFM), you are feverishly buying gold, silver and oil, you are armed to the teeth, and you usually wake up in the middle of the night screaming your guts out in fear at the unstoppable catastrophe bearing down upon us because the foul Federal Reserve is unbelievably creating new money at the unbelievable rate of an unbelievable $1.2 trillion a year, which is an unbelievable, staggering sum that will be "needed" by the unbelievably desperate, unbelievably clueless Obama administration so that it can deficit-spend that much money this coming year.

And Obama will assuredly get another $600 billion to $800 billion in more "supplemental appropriations" through the year, as Congress does every year, to total probably more than $2 trillion in new debt.

"To what end?" you ask? Well, the alleged purpose of this fiscal and monetary insanity is to ludicrously and tragically attempt to, literally, buy the government out of bankruptcy with all this new money, while simultaneously continuing to pay the half – half! – of the population that regularly receives government payments, all of which increases the money supply, which decreases the buying power of all existing dollars, which is manifested as higher prices.

And higher prices is the Worst That Can Happen (WTCH) as far as the many, many poor employed people, the many, many poor unemployed people, and the many, many poor unemployable people are concerned, as they are forced to "get along" by somehow paying continually higher prices, but without more money, and sometimes without any money at all!

And so while quantitative easing to create mountains of new money, and massive government deficit-spending to distribute the money, may do wonders for keeping asset prices up and thus benefit the part of the population that owns inflated financial and housing assets, the Price To Be Paid (PTBP) is higher inflation in consumer prices, which is paid in terms of sheer deprivation, misery and suffering by the many, many poor employed people, the many, many poor unemployed people and the many, many poor unemployable people.

The only hope for these poor people, who insist on electing morons who deficit-spend money which they allow the Federal Reserve to create, thus making their miserable plight worse, is if they manage to squeeze out enough money each month to buy some silver.

But they won't buy silver, even though most of them can and know they should, and they won't stop voting for the deficit-spending morons because they don't know that they shouldn't, although they should know that they shouldn't, making their whole sad situation doubly their own fault.

So while there is nothing to be done about the poor since they insist on always making themselves more miserable, those who buy silver every month will not have to worry about such things as poverty, and instead will merrily spend their time whistling a happy tune they call, "Whee! This investing stuff is easy!"

The Mogambo Guru
for The Daily Reckoning

Why Fed Money Creation Hurts the Poor Population originally appeared in the Daily Reckoning. The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today's markets. Its been called "the most entertaining read of the day."

The JP Morgue Whistleblowers Are Back - Cartoon bears on silver

Posted: 24 Dec 2010 05:36 AM PST

http://www.zerohedge.com/article/jp-...pulation-story

Promptly after those two cuddly bears explained how the JP Morgue is manipulating the silver market, and the xtranormal video went viral, forcing the FT to release an indemnification that "according to sources" JPM had covered a major portion of its silver short (only to subsequently end up with 90% control of other metals markets), here they are back, explaining in Part 2 of the series just what the next steps in the unwind of the biggest metal manipulation scheme will look like. The kicker: a JPM insider has told one of the bears that there is no commercial silver left, "it's all smoke and mirrors, and the CFTC can do nothing about it other than pray." Other topical items explained: silver backwardation, that there are two commissioners at the CFTC on the JP Morgue's payroll, the BIS' fractional gold system and the usage of side pockets for sovereign gold, and pretty much everything that ties the loose odds and ends in the PM manipulation story.

Kitco market prices stuck?

Posted: 24 Dec 2010 04:31 AM PST

Kitco shows that trading is open for almost another 4 hours, yet the prices of spot gold and silver haven't moved in quite some time. Also, APMEX shows a much lower price for gold (1378.6 bid) than Kitco (1384.4 bid).

Is trading actually closed already?

Paper, Plastic, or Silver

Posted: 24 Dec 2010 03:53 AM PST

People who own silver know the reasons why it keeps going up, but they are not usually very chatty about telling others. For the bull market in precious metals to power forward to the next level, it's in the enlightened self interest of every bullion investor to start offering to pay others in metals.

Why silver is the top pick for 2011

Posted: 24 Dec 2010 03:44 AM PST

Search back in the archives of ArabianMoney and you will find gold as our tip for 2010 (click here). Not bad, the yellow metal gained more than 26 per cent but it played second fiddle to silver as the best bet of the year up more than 70 per cent.

Rick Rule - Physical Supply Shortages in Silver to Continue

Posted: 24 Dec 2010 03:27 AM PST

King World News

Gold is Money, What About Silver? Can Gold be Debt?

Posted: 24 Dec 2010 03:11 AM PST

Gold market update

Posted: 24 Dec 2010 02:59 AM PST

Part 2 JP Morgan Silver Manipulation Explained

Posted: 24 Dec 2010 01:50 AM PST

The 'True' Cost of ETF Ownership

Posted: 23 Dec 2010 10:44 PM PST

Morningstar submits:

By Michael Rawson, CFA

When deciding among various investment products, it would be nice if there were just one number with which to summarize and compare the costs. You can start with the Morningstar Quote pages, which prominently display a fund's expense ratio alongside its current price, but that is just the first step. There are other important costs to consider, which can be quite nuanced even when you are comparing similarly structured products. A true side-by-side comparison becomes even more difficult when you are comparing mutual funds with ETFs.

Complete Story »

Gold Flows to China Rise Sharply (and Early) Ahead of New Year…

Posted: 22 Dec 2010 04:32 PM PST