HOME | THE PROSPECTOR SITE & YOU | BLOG | REGISTRATION | CONTACT

Archive for the ‘GOLD AND MONEY’ Category

MONEY YOU CAN BANK ON

BUYING GOLD/SILVER, GOLD AND MONEY, SECURING GOLD & SILVER   No comments yet

Banks in California’s Central Valley are on high alert, and they should be. There is a young man, around 20-years old I’m guessing from his picture, who has robbed at least six banks over the last few months. He doesn’t use a gun, doesn’t wear a mask, or does he make threats to the bank tellers. Most customers or bank employees never know the bank was robbed even though the man committing these crimes flaunts his face in front of high-tech surveillance cameras time and time again. The young robber simply walks into a bank, hands over a note, and then walks out with stacks of other people’s cash. Local banks are warning employees and urging people to be aware.

My motive for sharing this story of brazenness is less about warning than observation.  Today’s banking industry shows concern over such theft but the truth is they’re more concerned with endangering employees than losing dollars. The mother-ship bank, better known as the Federal Reserve Bank, can….. and will, replace stolen fiat with a keyboard stroke, no worries.

After all, 99.4% of the perceived money safely stored in your local bank doesn’t exist. It’s nothing more than a digit assigned to an account number.

Oddly enough, the same 99% percent of folks staggering your neighborhood streets, and still believing their dollars are stored in a bank somewhere, fail to understand the difference between money and fiat currency. This monetary ignorance separates these folks from sound money like physical silver or gold, respectively.

The Wells Fargo bank building in my local community is hands down the nicest and most expensive building on Main Street. I’m not a commercial appraiser but guessing this building has a value worth several million dollars, I’m willing to bet your community is no different. Just down the street, but on the same side, sits my humble-looking local coin shop (I would estimate this building’s value around $250k, but no more).

One building, the Wells Fargo one, reflects a perception of wealth and security even though it houses no intrinsic source of sound money. The other building, our local coin shop, needs some updating but houses many times the building’s worth in physical silver and gold, or, real money. Unfortunately, less than 1% of the folks passing by recognize the difference.

Folks living in the US are at a real crossroads. Monetary confusion influences them to store wealth in dollars, by way of banks, even though most folks realize something is not right within our banking system in a overpopulated fiat currency age. These same individuals view silver and gold as valuable but fail to recognize how significant PM (precious metal) is in such an age. The fact both metals have declined recently only adds to this confusion; my fear is this confusion will cost the unknowing dearly.

It’s obvious since you’re reading this you understand the difference between sound money and a fiat currency, congrats. Our banking system not only drums a fiat melody of wise investment but relies on this trickery for its very survival.  The fact remains physical silver or gold is the only money you can bank on.

1984 is now:

Our world is buzzing over yet another Orwellian fruition. It is obvious to all that nothing written or said is secret now that we’re living in a technological age combined with governmental overreach. The great salesmen peddle such intrusion as necessary to protect us but the truth is such intrusion is a choice between freedom and security. This writer will take his chances, if the choice still exists.

George Orwell called such propagandists “crypto-communists”. What amazes me is Mr. Orwell made such timely prediction in 1948-49 just one year prior to his death. He also refereed to individualism, or independent thinking, as thoughtcrimes. Time has now turned Mr. Orwell into Orwellian.

I’ll climb the highest mountain, if necessary, to once again explain the availability to store wealth in undocumented physical metal is a closing window. It is still 100% legal to trade dollars for real money, like silver or gold. We can argue when PMs will rise and by how much but only after safely securing the right metal for you. Please take a close look at physical silver and/or gold soon.

QUESTION:  If we’re talking silver, are we investing or jumping into a safe haven?  I’ve read plenty of your writings but still slightly confused on the financial goal. Thank you for taking the time to take my call (edited).

TPS Reply: You’re welcome, and thanks for asking. My opinion is that physical silver offers both the benefit of investing and safe haven storage. The primary goal is preservation but the byproduct of such prudence is wealth building, aka investing. My belief is silver, at around $27 physical, will soon double, double again, and then continue to surprise even the most PM optimistic.

Silver, and gold, have always maintained true value compared to effort, other assets and tangibles. This is why a $1 legal tender silver coin is worth just under $30 as of June, 2013. This is why a $50 legal tender gold coin is worth over $1400 dollars, too. It is only because of our USD’s devaluation that silver and gold rise in dollar value.

We have reached a very unique time both historically and monetarily. Never before have so many had an option to own physical PM while simultaneously living under a fiat currency age. This means all currencies have the option to print as much fiat as necessary to appease her people. This printing will not fix an economy but will offer temporary stability. The long-term effects are not historically good. In fact, the long-term effects of overpopulating a fiat currency impoverishes most who fail to understand how safe-haven investing works.

Over producing a fiat currency weakens the currency’s buying power; this is why milk, fuel, and your favorite soda continue to rise in cost. Most working for a salary, or living on a fixed income, believe the answer is to earn more but fail to understand we will soon reach a point where it’s nearly impossible to out earn inflation. But for now, printing currency has somewhat stabilized our economy but this stability will not last forever without real jobs paying a fair wage.

Hope this helps clear the confusion. Thanks again.

QUESTION: Experts are predicting $19 silver by late summer or early fall (2013). I don’t own silver but I’m taking a hard look at trading some savings for physical silver in the near future. My reasoning has to do with an administration that refuses to practice fiscal restraint. My question, is it wise to wait for silver to fall in price? I obviously don’t want to be like the ones who paid 50% more than necessary – not that long ago.

TPS Reply:  Great question and comment. You’re wise to consider trading dollars for physical silver, in my opinion. No offense, but I know of no PM experts anymore, only informed prognosticates. Because of this no one truly knows what silver prices will do over the short term. This is why I rarely mention short-term fluctuations especially during such an age of economic volatility.

Now long-term speaking, physical silver has to rise if for no other reason than the one you mention. By the way, both political sides have leveraged debt for political gain, power and control. You’re correct, this administration has added the most but mark my words the next administration will also fail to practice fiscal restraint. Wall Street, and our banking system, have too much control and will always put profit over prudence.

Going back to your question, I don’t offer pinpoint financial advice. If in your shoes, I would consider a 50% entry into physical silver, soon, and then spread my silver budget over the next few months. It is always possible silver prices could drop, like you mentioned, but a long-term fiscal plan should be the focus far beyond the possibility of a short-term dip. Thanks for the question.

By the way, I too bought silver only to watch it drop from its recent high. I lose no sleep over price drops because it’s all about ounces owned, properly stored, and an overall foundation of self-reliance built on a foundation of sound money. Dips and rises have no effect on my overall plan.

 

DC Carlton is founder of The Prospector Site and author of the Amazon Kindle #1 Bestsellers Why Silver and Gold Will Go Higher and Storing Silver & Gold. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.


 

 

Tags: , , , , , , ,


BIBLICAL REASONS TO OWN GOLD & SILVER

BUYING GOLD/SILVER, GOLD AND MONEY   No comments yet

 

On my summer/fall read list is a book called Killing Jesus written by Bill O’Reilly. There are two things I can assure you about this book, even before I read it. One, it will spend months atop the bestseller’s list, and two, it will be extremely controversial as well – nothing stirs emotions like religion. Regardless your faith, regardless your view, the Bible is full of fascinating factual mentions of money. For the record, there is no mention, to my knowledge, of paper currency…… just silver and gold. With that, let’s dive into one of the most intriguing mentions of “real wealth” in human history.

I recently had an interesting consultation with a pastor of a small church. One comment this pastor made stands out as much, or more, than anything I’d heard before as a PM consultant. As our hour began to wrap, he said, “Well, if silver/gold are good enough for God – then they’re good enough for me. I need no other proof than this.”

Now folks, I’ve heard every reason under the sun to own gold, but this was a faithful first. This man’s faith leads me to ask if it’s possible we’re over thinking personal investing and monetary rule. Is it possible our world is so economic chaotic because of our failure to follow biblical recommendations of sound money? As with all things written here at TPS, the final decision is yours and yours alone.

Godly Gold:

The word gold is mentioned 417 times in the King James Bible. Silver, respectively, is mentioned 320 times and the world for money is mentioned an additional 140 times, as well. Both Hebrew and Greek words for silver/gold/money are mentioned throughout the bible and always regarded as noble, rare, durable, and malleable. It is estimated that Solomon’s Temple was made of over 3000 tonnes of gold (measured in talent, a talent is equal to 75 pounds).

To this day, each time we describe an athlete or entertainer as talented – we’re comparing these individuals to silver or gold according to biblical terminology. The bible often mentions Kings and Queens paid in gold/silver as part of God’s commandment. Not only does the bible compare PM to wealth but both Old and New Testaments compare the metal to knowledge, wisdom and faith.

Gold and silver are often compared to spiritual wealth within the bible. Some confuse 1 Timothy 6:10 with money as the root of all evil, but the scripture is often misunderstood. The correct reference is “for the love of money is the root of all kinds of evil”.

While researching today’s post I found myself intrigued. Few in today’s society stop to consider what the most popular book written has to say about silver, gold, or all things monetarily significant. By the way and for those interested, the bible makes the first mention of gold within the first few hundred words of Genesis (first book of the Old Testament). Genesis[2:12] “and the gold of that land is good; bdellium and onyx stone are there.”

The word of God & gold in 2013:

Few will argue the monetary role of sound money in biblical terms. It is obvious gold’s primary purpose was, and still is, storage of wealth and value while silver’s purpose was, and still should be, used for daily trade.  I personally believe that God created gold to be the foundation of an economic system that would be solid, stable and not subject to manipulation.

Flashing forward to 2013 we find physical silver and gold somewhat irrelevant in today’s economic system. Not one currency on earth still uses a gold standard to restrain government fiscal irresponsibility or monetary stability. This means it’s up to each of us individually to find and follow a monetary plan founded on sound money and fiscal prudence.

Not a day passes without someone reminding me that both silver and gold are worth much less than not long ago. I can’t argue this fact but the truth is today’s PM price has little to do with a monetary law of sound money principles. It is only from manipulation and intervention that we question, or even doubt, the benefit of storing wealth in precious metal.

Over the last few weeks we are reminded what happens when governments expand without restraint or fiscal prudence. The losses of American liberties are now too long to list but few associate how today’s fiat system allows leadership to expand without constraint. This trend, in my opinion, will worsen as fiat economies continue to rob the wealth of those not protected with sound money (silver or gold).

No different today than the words written thousands of years ago, “and the gold of the land is good”.

QUESTION I read where you still buy silver each month. Do you buy online or in person?

TPS Reply:  This is true; I still buy physical silver each month and have no plans to stop. Purchasing silver online or in person each has benefits over the other. Online precious metal brokers and dealers can sell physical PM, usually, for less than brick-and-mortar outlets. The key, regardless the method, is to find someone reputable that is willing to play a vital role in your long-term PM plan. To answer your question I use both methods to add to my stack.

The thought of purchasing physical metal stirs anxiety within most new to silver or gold. Even the author of a NY Times bestseller on investing once admitted, to me, her fear while making a first online gold purchase. The goal here at TPS is to offer peace of mind for those willing to trade fiat dollars for sound money. The key is to know what you what to buy, and willing to pay, before contacting a PM seller.

The benefit of buying silver in person is obvious. You hand the seller cash and they in return hand you physical silver. No waiting, no prolonged anxiety either. Another benefit of buying in person is developing a local PM relationship just in case you need to liquidate a few ounces in haste. Regardless the method, my advice is to ask plenty of questions all while practicing due diligence along the way. Thanks for the question.

 

DC Carlton is founder of The Prospector Site and author of the Amazon Kindle #1 Bestsellers Why Silver and Gold Will Go Higher and Storing Silver & Gold. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 

 

 

Tags: , , , , , , ,


ARE 100 oz. SILVER BARS IN YOUR FUTURE?

BUYING GOLD/SILVER, GOLD & SILVER, GOLD AND MONEY, GOLD/SILVER COINS, SELLING GOLD/SILVER, STOCKS AND GOLD/SILVER   No comments yet

By nature most folks willing to trade dollars for physical silver or gold do so secretively.  No fan fair, no cocktail party announcements either. The monetarily prudent simply trade fiat for the hardest asset – all while discretely living the day to day routine of life. The choice to buy large silver bars, or not, is one worth considering especially as we near an imminent point of silver rationing and pending internet trade taxation. Both rationing and the inevitable taxation on all e-commerce will change the what, where, and why of physical silver.

Today’s physical silver world remains a great maze of mystic confusion for those new to precious metal. By far, most newbies entrust what they buy, silver speaking, to a complete stranger who just happens to be a person selling PM (precious metal) and next in line. The conversations vary but the result is always the same. The precious metal illiterate (no disrespect intended) buy whatever the PM sales representative recommends.

TPS doesn’t “tell” folks what to buy, nor do I offer pinpoint financial advice either. My goal is one of monetary education because someone educated rarely fall victim to manipulation or bias opinion. Honestly, I can tell this annoys some of my readers by proof of emails asking for more specific advice on what to buy and how much. My opinion is that no one person walking the earth today can accurately predict the how much and when of precious metal, especially considering the monetary intervention that clouds all assets.

For this reason alone I recommend we stick to the facts. The fact is silver’s value will rise (sorry, I don’t know when) as more individuals realize printing dollars only benefits the super wealthy and political psychopaths of the world. This inevitable awakening is one we often discuss here at TPS. Combine such an awakening to a truly limited supply of precious metal and it’s easy to see why metal values can do nothing but rise beyond the expectations of most who understand some, or nothing, about monetary truths.

A larger than typical hunk of silver is an interesting storage of wealth. It is much more than a bar of silver. Some view bars of silver as bulky and heavy when actually such a formation of money is nothing more than a huge stack of $100 bills repellant against the ills of a fiat age. Those willing to buy large bars of silver enjoy the fulfillment of buying physical silver within 5% of spot. For comparison’s sake, a legal tender one ounce bullion coin will cost its owner a premium 20 to 35% beyond silver’s spot value.

This savings is undeniable, but not reason enough to exclusively own large silver bars. Such a large hunk of silver has its benefits but still might not be the right silver for you.

It’s a natural tendency for humans to picture the future in now terms. By example, my son graduates from high school today and merely weeks away from leaving home for the first time. But in my mind I can’t grasp a future with him living anywhere but where he’s always lived. Some of us view silver similarly not realizing someday silver’s value could rise hundreds of dollars beyond today’s dollar assessment. The divisibility issue in such an age will complicate trading such a large hunk of real currency.

For this reason alone I offer this PM advice. Consider storing some silver in smaller denominations; like one ounce bars, rounds, or bullion, exactly as you would a $20, $50, or $100 bill. Then, view a larger bar of silver (like a 100 oz. bar) as you would a savings account or long-term storage of wealth. Silver is a true source of liquidity but not necessary a divisible source simultaneously.

Please consider bar size just another thing to keep in mind as folks consider adding physical silver as part of self-reliant lifestyle.

QUESTION:  An acquaintance used your consulting service and something you recommended for them to consider I find confusing. You recommended they purchase one ounce silver bullion even though they will pay far more than a larger bar premium. Why would you recommend something that will land them less silver by paying more money?

TPS Reply:  Great question so thanks for asking. There are many folks who receive the same recommendation, from me, to buy silver ounce offerings over larger bars. This recommendation is 100% based on an individual’s financial situation and long-term monetary plan far more than my personal preference.

I don’t like the idea of acquiring large silver or gold bars until after securing one-ounce legal tender coins or rounds. We live in an age of great monetary volatility and uncertainty…… even though few are willing to admit it. If September of 2008 proved anything it was just how quickly a life dependent on a fragile banking/Wall Street world can turn upside down. Your ability to store real wealth within arm’s reach is not only prudent but necessary. Small silver, in physical form, will always be a universal source of money.

The truth is the majority of folks new to silver will never afford anything but single ounce form of precious metal. As silver rises, some will find themselves limited to 1/2 silver offerings as they struggle just to make ends meet. There will always be a market for large silver bars but nothing close to the secondary demand for one ounce silver. With that said, the option to melt larger bars into smaller ones will always exist as a way to divide such a large store of wealth.

I have no crystal ball but if I had to guess here it is. My bet is large bars will be the last to go as demand erases silver inventory. The first to vanish will be recognizable single ounce bullion or rounds even though the additional premium when compared to larger bars. Why not buy one ounce form while the option still sits on the table? Thanks for the question.

COMMENT: Silver prices are taking a beating lately all while the stock market roars to new highs. This only proves most Americans will trust the US dollar over silver when times are tough.

TPS Reply:  Thanks for sharing your comment. The DOW is on fire, this is undeniable even to those religiously respectful of silver and gold’s future as real money. Short-term speaking, a rising DOW along with declining silver puts PM writers in the far corner of credibility. This writer loses not one minute’s sleep since the long-term outlook for PM is stronger than ever before. The crowd is not an indicator of prudent monetary action.

You’re also correct with your analysis of Americans running toward the USD when time are tough, but. Long investor lines are not reason alone to join the dollar bandwagon. Do you recall the long lines during the Dot.com bubble burst? What about the long line of suckers waiting to buy overpriced housing just before the bubble burst, too?

The one word in your comment that jumps out most to me is trust. Folks continue to trust the US dollar because it is the world’s most overproduced currency. The FED camouflages the dollar’s weakness by printing record levels of supporting currency. This illusion tricks those trusting the dollar to spend, borrow, and fail to recognize such a way of life has a temporary shelf life. I hate to imagine the chaos when dollar investors around the world realize its very existence is in the hands of a government trillions of dollars in debt.

I think I’ll keep stacking silver regardless how low it drops or how high it soars, thanks.

 

DC Carlton is founder of The Prospector Site and author of the Amazon Kindle #1 Bestsellers Why Silver and Gold Will Go Higher and Storing Silver & Gold. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 

Tags: , , , , , , ,


WILL THE IRS TARGET PHYSICAL GOLD & SILVER?

BUYING GOLD/SILVER, GOLD AND MONEY, STOCKS AND GOLD/SILVER   No comments yet

So by their admission it appears the IRS has decided to pick who to pick on. Some, even the media, are outraged over such one-sided abuse but in my opinion most reporting the news have entirely missed the message. The back story here goes well beyond the IRS picking conservatively based groups to audit or postpone as a tax free worthy entity. The real message here is capital control and the price you will pay when you question the motive of an overreaching government who can no longer sustain itself within the constraints of our country’s constitution. Please add IRS overreach as yet one more reason to store your wealth in precious metal.


Storing wealth in physical precious metal is not 100% risk free. It is possible someone could steal what you’ve worked so hard to amass leaving you with no choice other than to start all over. But such a risk is very low and I say this only after countless hours researching the best methods to store silver and gold, both domestically and internationally. I cannot say the same for wealth stored within the reach of an overbearing IRS.

The ability to buy and physically own precious metal is one far too many fail to capitalize on considering the volatile age we live. Right now, a person in the United States can legally trade dollars for silver, or gold, without reporting this exchange to a governmental agency (a few exceptions exist so use due diligence). PM advocates often refer to this privilege as the last frontier of wealth storage. I know of no other asset with the same discretionary capability but this window of opportunity is closing as you read these words today.

To argue if metal prices will rise or fall, short-term speaking, is redundant in my opinion considering the discretionary benefits of physical PM.

While some view the latest PM price take down with frustration….. I view it differently. Paper silver at $22, and gold in the $1300ish, help preserve precious metal as an irrelevant asset even as the world disguises our silent depression with denial and printed currency. Think of this PM obscurity as a postponement with a short shelf life.

There is no chance the IRS will not target physical PM in days to come. In fact, no asset worthy of storing wealth has a snowball’s chance of not paying a “fair share” as determined by an ever-growing IRS. For the record, the fair share scale and the ability to print currency are the only reasons a government grows beyond the comfort of her people. The IRS is the monetary enforcer of such a time of governmental overreach.

As a precious metal advocate you have one huge advantage over the pinpoint overreach that fills our news today; your PM currency is not only irrelevant it’s also universally discrete.  But our digital age in a land of artificial currency will eventually pressure those trading physical silver or gold into a corner of regulation. At such time I see much less value in trading dollars for silver or gold.

So, where does this leave you as an individual willing to play by the rules as long as regulation and taxation stays within the parameter of reasonable? My advice is to not underestimate the power of the only governmental agency running a profit (how can the IRS not be profitable?). I’m also not an advocate of letting intimidation limit the one monetary step that will sustain not only a level of wealth but also a higher standard of personal independence. Keep discretely stacking physical silver and gold.

QUESTION:  I still don’t see it, sorry. Why buy silver or gold when precious metal prices are vulnerable to volatility far beyond a rising DOW, real estate, etc? Is this a fear thing that drives physical demand when real metal prices have dropped like a rock? I just don’t get it.

TPS Reply:  Thanks for expressing your view. You’re correct, the DJIA is up, year to date, somewhere around 16% while paper silver and gold are significantly down over the same time period. If we’re to judge asset worthiness using one spot in time then the DOW appears the winner. I, personally, refuse to place my wealth motivated by such shortsightedness; here is why.

The reason to trade dollars for precious metal has little to do with silver or gold. The disease is debt and the carrier of the disease is the US dollar, all while other currencies feverishly print themselves worthless, too. Hard assets, like PM, are nothing more than monetary lifeboats willing to transport the few who truly understand the significance of our age. Too many, maybe you, are focused on PM justification without recognizing the monetary epidemic at hand. Growing global debt combined with worldwide currency debasement will consume a large part of the world’s wealth.

I won’t argue with your fear observation. Folks are scared, and they’re growing reasons to be concerned. But I don’t recommend making monetary decisions based on fear, not during such important times like today. Fear can spark the flame but education and prudence is the reason demand for physical metal (not paper) has grown beyond silver and gold output. Thanks for the comment and questions.

QUESTION:  Want to read your books but I don’t have a Kindle reader. When will they be available in paper book form?

TPS Reply:  Thanks for asking. The plan is to combine both digital books into one paper version ASAP. The wheels turn slowly in the publishing world so I apologize for the delay, but will do whatever I can to speed things up. Until then, please remember some tablets will recognize digital books since the e-book industry is the most affordable way to read newly released books. Thanks to all readers for making both books included on Amazon’s #1 bestseller list.

QUESTION:  Will you agree that the secondary PM market carries far more risk than buying directly from a metal dealer? Why pay more for the risk, in my opinion? (TPS – several readers asked a similar question so I took the liberty to edit)

TPS Reply: Absolutely I agree. As long as an individual can buy from a reputable dealer then do so. But the problem is that such availability is very limited and worldwide PM demand is rapidly expanding (all while Americans enjoy the illusion of economic recovery yet question affordable silver and gold). Maybe I should take some space to better illustrate how limited today’s supply of physical silver and gold.

Silver and gold dealers (sources) are growing in numbers all across the world. Never in modern history have this many folks had the opportunity to own precious metal, this is good. But even as sources to buy PM grow output doesn’t. Mints can only process the metal after it’s clawed from the earth and this output is nowhere close to meeting our world’s growing demand for the one true universal worldwide currency. A million PM sources all buy from a handful of PM wholesalers.

Resurrecting scrap metal helps fill this growing supply-to-demand gap but it’s unrealistic to believe this will have a long-lasting impact. Combine India’s thirst for gold jewelry (they view gold as displayable wealth), and it’s easy to see why the world’s demand for PM goes far beyond bullion, bars, rounds, scrap, or junk metal – not to forget industrial usage too.

Back to your comment/question. The secondary market from here forward will become a dirty way to trade precious metal. To better illustrate, compare a reputable PM dealer to Costco and a growing secondary PM market to an outdoor flea market in Mexico City. Continue to buy from a local reputable coin shop or bullion dealer/broker as long as possible. Thanks for the great question.

BERNANKE WATCH:

The most powerful man on the earth’s surface is worried over inflation, but not from the same viewpoint you’re imagining. It appears inflation is too low for the FED and this is causing great concern (1.3%). But John Williams (ShadowStats) has inflation teetering around 8.7% leaving the other 99.99% of us asking who the heck is telling the truth.

No person buying their own groceries or filling the gas tank honestly believes the threat of “lower than expected inflationary numbers”. It appears that items of necessity are rising, rapidly I might add, while things not so necessary are stagnate or declining. This is a perfectly natural occurrence as households harness unnecessary spending by way of belt tightening.

Free thinkers really don’t need ShadowStats, the CPI, or Bernanke to tell us when costs are rising. The proof we need is as close as our most recent bank statement.

 

DC Carlton is founder of The Prospector Site and author of the Amazon Kindle #1 Bestseller Why Silver and Gold Will Go Higher and Storing Silver & Gold. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

Tags: , , , , , , , , ,


STORING SILVER & GOLD

BUYING GOLD/SILVER, GOLD & SILVER, GOLD AND MONEY   No comments yet

Protecting your family’s wealth by trading dollars for physical silver/gold is one of the wisest decisions you’ll make. We can debate silver vs. gold but at day’s end both metals are shaping themselves into the last safe-haven currency while all other currencies race toward debasement. This not only means the value of your physical metal will rise but so will the temptation for others to take what you’ve worked diligently to own.

Below are few paragraphs promoting my newest book Storing Silver & Gold. Each chapter is an extended answer to the many storing questions readers like you are asking. Questions like how to insure the PM you have stored at home, what is the best way to discretely buy silver or gold,  or the only time you should store SOME metal within a bank box, and when it’s time to consider storing metal abroad (internationally). I hope you enjoy this tiny taste of my newest book release.

 Storing Silver & Gold: How to Safeguard your Precious Metal.  I believe at least fifty percent of those practicing home storage do so with sub-par safes improperly mounted to the structure’s sub floor or foundation.

Wow, this means half of you should be reading very closely. Now, I’ll be the first to admit I am not a safe or vault expert. (We’ll hear from those who are in the next chapter.)

My goal is to not discourage home storage, but encourage proper protection for the assets you’ve worked so hard for. Storage must be part of our overall PM plan, but you’d be surprised how often it isn’t. If you’re not ninety-nine percent comfortable with your form of home storage, I encourage you to take the money and time to correct this before buying more silver or gold!

Again, in-home theft will most likely never be an issue, but why not provide one last level of security, just in case I’m wrong? Would you be surprised to hear that the number one source of your PM’s security is the one least considered—you!

Let me explain. The best way to defend against bad guys is to beat them at their own game. This starts with a refusal to let anyone take what’s yours. Most robbers try to take something of value from someone unsuspecting and weaker. Their plan is to enter a home full of valuables, and quickly transfer ownership from you to them, unnoticed and un-caught.

Think of it like an offense-defense conflict. The criminal is on the offense and you’re on the defense, trying to keep what’s yours. This usually works out okay, but I propose we change ends of the field.

What if we are the proactive ones? What if we turn this storage plan into an offense success story, leaving bad guys scratching their heads while looking for easier prey? We are about to throw out several proactive ideas; then it’s up to you to determine the best fit for your needs.

I have readers who are so supportive of our Second Amendment rights, they’ll slap NRA stickers on everything in their front yard. I also have isolationist readers who believe the world will soon turn into anarchy. They trust hardly anyone. I also have readers that know nothing about guns, NRA, or personal defense, but see PM as a necessity (and some live under strict gun control laws). Each must find the most appropriate means to store PM, within their beliefs.

I’m hesitant to include the real life story below, because it’s so shocking some readers might elect not to own PM. I want to make this perfectly clear: This is the worst-case scenario and, in all likelihood, will never happen to you or someone you know. It is quite disturbing, I warn you now.  Read more here.

QUESTION:  DC, I read your blog religiously and have been buying silver from Colorado Gold as you recommended. I plan to work another 7 or 8 years and I own my house and land, vehicles, etc. outright. My husband died last year, so I have only my income but I do have a 401k and stocks. Should I plan to get out of the stock market and buy PM? Would you draw the money out of the 401k? I think I’d feel safer putting that money into PM and I could live comfortably on my income. I have a farm and grow a lot of what I eat. Thank you for what you do…you have opened my eyes.

TPS Reply:  Thanks for the email and nice words. It sounds like you’re making wise choices since losing your husband…… I can only imagine how difficult this last year has been. What impresses me most is how you’re utilizing PMs as a foundation for an independent lifestyle, very cool.

As you may know, I’m not a fan of retirement accounts or the stock market. I’m not saying that all stocks are risky or all retirement accounts are in jeopardy but we have certainly entered an age when politicians salivate over exposed pools of cash. My bet is most pensions and retirement accounts will fall under some form of capital controls.

Let me ask you; does this risk, of a bureaucracy controlling your capital, fit into a life built around self reliance? Your situation is unique in that you have personal wealth stored in both PM and “typical” investments too. I would favor PMs over traditional investments (given the times we live) and here is why.

I don’t have a crystal ball but here is how I see things playing out. Wall Street, the Federal Reserve, US Treasury, and this Administration are too wise to outright steal the wealth from those invested in stocks or bank deposits. Oh, don’t get me wrong, they will take some of it somehow but not as directly as what we’re seeing in Europe.

A more likely scenario is one that presents itself as a “takeover” that protects your wealth compared to flat-out stealing it. Those who understand currency debasement and capital controls realize confiscating wealth (like the retirement account you mentioned) allows a government to pay it back over time and with debased dollars. This also empowers a growing government as millions more rely on trusted politicians for groceries, shelter, healthcare, you name it.

Millions of other folks are asking themselves the same “do I or don’t I” type monetary questions. I wish I could offer more but…… honestly, no one knows how far an overreaching government will go in such a time.

Regardless, you’re miles ahead of most Americans….. good job!! Oh, be sure to read the next question because I’ve purposely combined it with yours. Thanks again.

QUESTION:  Why is it that my financial planner has nothing favorable to say when I bring up relocating some wealth into physical metal? It’s getting a little old.

TPS Reply:  I hear you loud and clear…… and couldn’t agree more. You can’t believe how often I hear this question from readers who are, like you, growing uneasy with the same nonsense. It’s not only monetarily foolish to not consider physical PM; it’s also playing out to be financially catastrophic in some cases.

Equities have benefited from the creation of a currency that can no longer sustain itself. The U.S. can continue to solely print US dollars (causing worldwide tension) but we can’t print jobs. Nor can we fool ourselves into using printed currency to create temporary jobs while simultaneously believing this is our path to a true long-lasting recovery. IT IS NOT.

Financial advisers have little to gain when your cash leaves the status quo and then reinvests into physical silver or gold. Why would an adviser recommend an asset that profits them nothing? The answer is pure and simple, at least from my viewpoint.

QUESTION:  A relative sent over a site that sells junk silver for as low as $24 per ounce. Why should I pay the premium for American Eagles?

TPS Reply: Thanks for the question. Why would anyone sell physical metal when today’s premiums are around 30 to 40% over silver’s spot price? I would be very skeptical since it’s way too good to be true. If true, please send over the info because TPS has several thousand readers who will buy a boatload ASAP. Thanks again.

BERNANKE WATCH:

FED chief Ben Bernanke will be the first chairman to miss Jackson Hole in 25 years. This event is the Super Bowl for central bankers and I’m not buying the conflict in schedule excuse (this would be like Tom Brady too busy for America’s biggest NFL game). It leads me to ask if Bernanke is on his way out as the most abusive banker in world history. Trust me, we will keep a close eye on Bernanke’s exit and whoever fills the position of the next most powerful person on earth.

 

DC Carlton is founder of The Prospector Site and author of the Amazon Kindle #1 Bestseller Why Silver and Gold Will Go Higher and Storing Silver & Gold. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

Tags: , , , , ,


WHY SILVER & GOLD ARE PRICELESS

GOLD & SILVER, GOLD AND MONEY, SELLING GOLD/SILVER   No comments yet

Today’s title could sound odd considering gold just had its worst day in 30 years. As I write, and probably as you’re reading, economic prognosticators still relish in repeated “I told you so.”  We will keep this short today because I have what I want to say and nothing more. The last few days were draining for not only those willing to own PM but for the few willing to justify PMs in a published sense. For us, a PM shakedown is twofold when you add credibility into the equation. Nonetheless, let’s dive into why silver & gold are priceless.

Good day to all and thanks for joining TPS. If you’re new to PM (precious metal) then you picked a great day to join us, congratulations by the way. It appears the smoke is starting to clear from the PM arena and it’s looking like both silver and gold took a real beating, at least at first glance.

Every situation is a learning experience, do you agree? Personally, I have but one question left to answer. It’s not why PM prices fell so suddenly or quickly.  Nor is my primary question one that asks who is behind such PM brutality and volatility. The above questions will twist and turn themselves into history and certainly don’t need my help.

My only question is “Why?” Why did so many paper PM holders sell because of fear while the majority holding physical PM line up to buy more? The answer to this question is the very foundation of precious metal. A truer understanding to this question is the cornerstone.

Paper PM investors proved over the last few days their inability to think for themselves. If precious metals have taught me anything over the last decade it is the ability to tap into my own mind to make prudent monetary decisions for my family. We are nearing a point when this is the most valuable asset (ability to think for yourself) a person can claim.

TPS doesn’t sell PM, but we keep a close eye on those who do. All PM sources are reporting record sells of both gold and silver all while the paper PM market experiences the biggest paper liquidation in history, why?

How can two sides sharing the same asset be so far apart? How is one side, paper PM, so disconnected from the true benefit of PM while the other end stills view PM as the last asset to go?

This next statement will sound odd but I’m going to roll it out anyway. For me at least, PM has served its purpose and if both metals dropped to zero tomorrow they still provided this owner with a lifetime of knowldege. If I’ve learned anything from physical PM it is the ability to question what so many take as factual.

Precious metals have taught me the difference between money and currency, the difference between real wealth and the illusion of wealth, between fiscal restraint and a politically motivated smoke screen, and, most importantly……. the difference between building a life of independence over a compromise of freedom and liberty.

A person willing to make the effort to buy physical PM is the same person equipped with the ability to think on their own feet without input from an overreaching bureaucracy. If silver or gold dropped to worthlessness tomorrow this gift will sustain us forever. There is nothing more valuable than the combination of knowledge and effort.

SILVER & GOLD’S FUTURE:

Many of you are silently asking, “What’s next for PM?” First, I’m 100% convinced silver and gold will skyrocket beyond the belief of even the most skeptical. I’m also convinced that the last few days of volatility are nothing but a taste of the future, here is why.

Think how nerve racking it was to watch silver drop from $30ish to $20ish, like April 2013. Can you imagine the confusion when silver, valued in dollars, dips from $180ish to $150ish? What about a dip in gold from $3200ish to $2400ish? My point is each person breathing air should expect economic volatility from here forward as “normal”. Yes this includes, especially includes, precious metals.

I believe the paper PM market will separate from the physical market. In fact, we’re seeing this already but this doesn’t mean we should expect a steady incline. Our fiat currency age will not transform itself to real money without huge spikes, dips, valleys, and everything in between.

No one can accurately tell you when to buy more precious metal no more than when to sell it. Personally, I believe we’ll reach an age when it just makes sense (according to our ability to think for ourselves) to trade silver or gold for something else. I’m not so sure today’s dollar value perception will play part of such a day.

 

DC Carlton is founder of The Prospector Site and author of the Amazon Kindle #1 Bestseller Why Silver and Gold Will Go Higher. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

Tags: , , , ,


WHY I RECOMMEND BOTH SILVER & CASH

BUYING GOLD/SILVER, GOLD & REAL ESTATE, GOLD & SILVER, GOLD AND MONEY, GOLD OR SILVER BUBBLE   No comments yet

In all likelihood your home or apartment has an inconspicuous looking device attached to the ceiling, probably more than one. This device has saved untold lives and is a priceless addition to your family; by law each new home or new renovation must include this device. By now you realize the item I’m describing today is a smoke detector.  The primary goal of a smoke detector is not to detect smoke; it is to sound alarm of eminent danger. Unfortunately, few can hear the harmonic sound of an economy in correction, even less realize where there’s smoke there’s usually fire.

Not a day passes without a reader emailing, or calling, TPS to ask what PM I’m buying. The answer is “silver” and the reason is nothing more than the primal desire to survive and preserve. Why so few Americans fail to react to this internal beacon is beyond me. I’m so very glad you’re excluded from this clueless trend sweeping our nation but what if I said physical silver alone is not enough?

Bells and whistles are blaring all around us even as your read these words. Few hear the ringing because most folks view danger based on the reaction of others. It is a proven fact that if enough folks take flight others will follow without knowing why. Unfortunately, the opposite is true too. On a 1-10 scale, I would gauge the flight to precious metals slightly above 1, as of April 2013.

This lack of urgency spawns inaction by business owners, college students, wage earners and retirees. All the above are on the cusps of no longer controlling their monetary future because they fail to recognize how quickly technology can separate our wealth from our control; the video below is but one real-time example.

Economists often compare the Great Depression with today even though this is impossible. The Great Depression was a slow burn that consumed untold wealth over several years. The US economy was primarily “local” in nature unlike today’s global age we’re living. At such time, silver, gold, and the US dollar were all real money.

A monetary life in 2013 is much different. Almost instantly our financial world can be contained by a banking lockout, this usually happens on a Friday afternoon. The video above accurately describes the challenges of every individual who still trusts, therefor stores, personal wealth within a banking system. The powers in control realize the best way to control your wealth…..not to mention preserve their power, is to quickly lock the exits before you can transfer personal capital (savings).

NOTE:  Cyprus bank depositors are allowed to withdraw no more than a few hundred euros per day; this came after an eight day bank holiday.

The political machine realizes the best way to keep the village distracted is to pipe in the soothing sounds of recovery, stability, and economic opportunity. It matters little if true, it only matters that you believe it because if you don’t the powers in control will enforce control. Reminds this writer of an abusive spouse who punishes but only because the victim deserves it.

I’ll say it loud and clear, I’m not a good victim. Since you’re reading today I’m guessing neither are you. The thought of an overreaching bureaucracy divvying out my wealth byway of an ATM ration doesn’t resonate well. I refuse to allow a bank to control how much I spend, where I spend, and on what I spend. This reason alone is why I recommend storing cash as well as physical PM.

Precious metals are in my opinion the best long-term store of wealth. The problem is the only way PM can convert to cash is by selling. We don’t want to sell our silver, or gold; this is why it’s important to understand a world accustom to trading in dollars, a.k.a. cash, will confuse real money with physical dollars, especially in times of banking volatility or unsuspected bank holidays. A Cyprus glimpse proves my point better than I can.

This is why cold hard cash is king, short-term speaking, as shown at the 3:00 minute segment in the above video. A loss of faith within the banking industry will lead to a run on cash.

The play of the day is twofold. I strongly encourage each reader to consider physical silver, while still available, along with a couple thousand dollars in cash and, as always, 1/3 STORED WITHIN ARM’S REACH. If you’re finding this confusing please email or call TPS for assistance in formulating a personal plan that best fits your need.

QUESTION:  I made my first gold purchase a few months ago and ever since it has done nothing but decline. I realize this is all part of the risk but it is a little discouraging. Any words of encouragement?

TPS Reply:  Thanks for reading TPS and taking the time to send over your question. It is always somewhat disheartening when metal prices decline like they have over the last few weeks. For what it’s worth……I too bought physical gold only to watch it decline 23%. The only difference is this was back in 2008 when I paid somewhere around $980 per gold ounce. I recall feeling a little foolish with my “investment” but today my only regret is that I didn’t buy more at the time.

The key word just mentioned is time. We can’t ignore the great economic or monetary challenges of our day. A rising, and soon to bubble over, DJIA is not a sign of an improving economy, neither is a low interest rate infused housing market. Both the DOW and housing are responding to the benefits of currency creation, the cash must go somewhere, right?

Since you’re taking the time to read unbiased PM sources then you must also realize precious metal is a long-term play. Don’t confuse month to month PM movements with validation. Safe havens and real assets are still the best options for realistically minded individuals; regardless how they measure up in dollars (by the way, gold is rising in other currencies. This is why it’s impossible to validate PM gauged in just one currency OR over one moment in time).

I’m not a good gambler; this is why I continue to invest my dollars into PM while watching other investment foolishness from the sidelines. Your decision to buy gold cannot be validated by a rise no more than vilified by a decline soon after (purchasing). My advice is to keep an eye on the long-term goal of wealth preservation realizing what is “real” is real and what is “not” isn’t.

If the price of gold drops to $1300 an ounce tomorrow, so be it. If it jumps to $2200 next week, so be it too. The dollar (number) next to gold means nothing since all markets are affected, either positively or negatively, by forces well beyond our control. Historically speaking, such market interventions rarely last longer than a season. This is why I view my PM as a long-term safe haven.

COMMENT:  Couldn’t agree more with your book’s chapter on real estate. Thanks for keeping it real in an age of confusion.

TPS Reply:  Thank you for taking the time to self-educate. It really comes down to knowledge, doesn’t it? Too many are rushing back to real estate with an improper mindset. Housing is a place to raise families and extinguish birthday candles. It’s always great when it appreciates but the primary goal of home ownership is not an avenue of saving or wealth building.

Here is the question each potential home buyer must ask PRIOR to inking an offer. How much of the home’s value derives from nothing more than the ability to borrow currency at a low rate of interest. This portion, or percentage, of the home’s value is susceptible to market volatility beyond the realm of short-term fluctuations.

It is only because of those who benefit from lending, building, or selling real estate that so many have a false belief in real estate as a good investment. The cheap money used to buy today’s real estate is nothing more than a byproduct of a government in perpetual money creation mode. Cheap interest rates only punish the savers of the world and blur true housing values.

My opinion is we’ll see a day when 20 ounces of gold will buy more homes than not.

QUESTION:  What is causing gold and silver to drop so suddenly today?

TPS Reply:  Great question. The only words I can think of to describe such PM brutality are manipulation, intervention, greed, fear, and corruption. It is impossible to believe a free unrestricted market is the cause of our recent PM correction.  The games happening within the PM market are nothing short of criminal and here’s why.

Gold or silver are nowhere near bubble territory, the charts below clearly show how quickly an asset, like housing, will climb just before correcting or bursting. It is understood that when a particular asset raises too quickly that eventually it will become prone to correct.

Now, let’s look at the bigger picture here since it’s becoming extremely obvious that PMs are under full assault. With the threat of war (both militarily and monetarily), economic uncertainty, and perpetual currency printing, precious metals priced in dollars should be steadily climbing. But this is not the case.

What is not declining is the demand for physical metal. This demand is quickly depleting metal inventories as buyers like you, I hope, take advantage of cheap silver or gold. Such a demand will continue to disconnect physical metal prices from paper price manipulation. At such a time no one selling physical PM will give an ounce of attention to the paper PM market.

Speaking of a gold bubble, it could help to show what a true asset bubble bursting looks like. Below is a chart showing how quickly housing values rose just before the housing bubble burst back in 2005-06. Then compare the next chart showing the Dot-com build and bust back in 2000-01.

 

And now, does the last six months in gold look anything close to a bubble?

 

Below is one last chart I want to add just before posting. It shows the virtual currency Bitcoin just days before it recently corrected. If gold were as vertical as this last chart then “yes” I would have to say PMs have reached a dangerous level in need of correction, but not the case.

 

BERNANKE WATCH:

FED chief Bernanke is the most powerful man on earth. Unfortunately, his ability to accurately gauge how money printing and market manipulations lead to asset bubble’s bursting should be of great concern. Dr. Paul Craig Roberts offered a commonsense approach to why precious metals are under FED assault.

“The exchange value of the dollar is threatened, and if that collapses the FED loses control over interest rates. Then the bond market blows up, the stock market blows up, and the banks that are too big to fail, fail. So it’s an act of desperation because they’ve got to establish in people’s minds that the dollar is the only safe place, it is the only safe haven, not gold, not silver, and not other currencies.” -Dr. Paul Craig Roberts.

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 

 

Tags: , , , , , ,


WHO WANTS TO BE A MILLIONAIRE?

BUYING GOLD/SILVER, GOLD & SILVER, GOLD AND MONEY, SECURING GOLD & SILVER   No comments yet

Actually, who doesn’t want to be a millionaire?  As founder of The Prospector Site I have the opportunity to work/consult with many hardworking millionaires. I’m guessing many of you reading today are on the millionaire list……. congratulations. If your name isn’t on the list, yet, then please read today’s post closely because many preconceived wealth notions are false. In fact, by post’s end you may rethink your wealth goal well beyond joining the elite list of millionaires. Welcome aboard and thanks for joining our precious metal discussion.

This could come as a surprise but I can say with 100% certainty that millionaires worry about money just like those living check to check, it’s true. Could this be why the same millionaire who worries while building wealth then worries how to keep it? Just as surprisingly, I’ve heard a few actually compare wealth to a ball and chain as they cautiously maneuver wealth away from taxation and into safe havens (some have actually said they enjoyed life best when worth less!).

Nearly all millionaires still live on a budget. I’m estimating over 50% are self employed and somewhere around 20% have a master’s degree. You would be shocked how many have nothing more than a high school diploma. Over 80% are self-made and fewer than 20% inherited the wealth that adds their name to the millionaire’s list.

The question must be asked, “Are today’s millionaires nothing but a bunch of whiners?” I personally have my doubts. My opinion is that today’s millionaires are scared, tired, and frustrated by the economic challenges of the day. Their (millionaires) despair only validates my belief in faith, self-fulfillment and independence (freedom) as the truest source of happiness.

What nearly all millionaires have in common, at least up to the point of trading dollars for PM (precious metal), is the mistake of building personal wealth in dollars or dollar related assets. Actually, it all comes down to a loss of confidence in the US dollar and the realization that those with exposed wealth will pay for their entrepreneurial sins.

Taxation, fees, penalties, and capital controls are words the wealthy will become all too familiar with, at least those not protected by PMs.

The problem actually goes beyond the aforementioned as millionaires realize, in their own time I should add, that dollar wealth is much different from “money” wealth. Wealth stored in dollars may appear to offer stability but recent asset bubbles, then bursts (i.e. Dot-com, real estate, DOW, and soon bond, dollar, ?), remind those invested in dollars how quickly this wealth can disappear.

It is at this time we must compare a dollar millionaire to a PM (precious metal) millionaire. I seriously doubt few traditional millionaires give the difference a second thought. This is most evident by how few actually own physical silver or gold even as currencies worldwide constantly spew warnings of a great fiat demise.

The few who do “own” PM only own a few ounces of gold or, worse yet, own paper precious metal; paper silver or gold may appear protective but realistically are nothing more than speculative. Even our country’s millionaires suffer from monetary normalcy bias as their wealth falls under attack or, at least, subject to historic debasement.

I like to compare dollar to gold wealth with today’s spirited world of innovation. Innovation has forever touched our lives by making information the new industrial revolution. Anyone living within 200 miles of California’s Silicon Valley will attest our age of technology has only reached the tip of the iceberg. If not for the decline of the US dollar, I would have to compare today’s age of technological innovation to the implementation of fire, penicillin, telephone, or the combustion engine.

The problem isn’t innovation; the problem is our means of monetary exchange. The US dollar is the only component that will stifle our growing age of innovation. The reason I believe this is because all new innovations are built around capital and the availability to invest dollars in R & D. Today’s disruption of capital (dollars) will eventually devastate, or at least disrupt, the wealth of those investing in tomorrow’s innovation.

Now, please give the next sentence or two your full attention. The same folks at the tip of innovation are also the same folks invested in an outdated source of wealth storage and saving! Saving in dollars is no different than attempting to forward an email through a manual typewriter. Even our wealthy fail to compare old innovations to a dying currency; ironic isn’t it?

One reader recently asked why I’m so convinced the dollar is on its deathbed. My opinion; why else is it we have to inject perpetual transfusions of blood, QE1, QE2, QE3, QE?, if not for a terminally ill currency? This is not about economic recovery; this is nothing more than not letting the dying die. This, my friends, is why each person walking God’s green earth must understand the difference between dollar wealth and PM wealth.

QUESTION:  Precious metal prices have fallen far below the expectations of nearly all PM experts. Have we reached a bottom in your opinion? I’ll never hear the end of it from my family if I buy now and the PM market dumps lower!

TPS Reply: Thank you for asking such a timely question and congrats for at least considering PM. Let me put your mind at rest by mentioning the one fact all PM owners must grasp. Precious metals will rise/ fall and not one person, expert or otherwise, has a clue when either will happen next.

Most “experts” get paid when you spend your cash on their offering of precious metal. I’m not insinuating that today’s PM experts don’t know what they’re talking about, I’m only exposing fact. Truthfully, it really doesn’t matter how PMs perform over the short term since it’s only short-term minded PM investors who worry over volatility.

Please keep your eye on the larger picture by not over thinking physical silver or gold. Here is what I do for what it’s worth. I buy silver or gold each month, store them over three locations and sources, and then look forward to my next monetary chess move. Why would I worry about something I did yesterday when yesterday is already in the books?

Oh, by the way, you’ll never live up to all family expectations…… so quit trying.

QUESTION: Okay DC, you know my situation and you know I store my gold in a local bank. Cyprus has me worried sick and I’m not sure what the heck to do. What if a bank holiday traps my PM and I can’t get them when I need them? Sorry to be a weekly burden but I’m worried. As always, thanks for being patient.

TPS Reply: Man, no softballs today. I understand your situation and, honestly, there is no easy answer. Living in a large city complicates in-home PM storage. The risk of being burglarized must be compared to the risk of storing PM in a bank box. The question is not what the safest way to store PM is; the question is what the best way is considering your situation.

As you know, I’m not against using bank boxes for short-term storage that includes traveling or winter escape. I’m far more hesitant to recommend such storage options as part of a permanent storage plan. Regardless, you must diversify your storage in such a manner that includes keeping at least 1/3 within arm’s reach (this could be in home or with someone trusted).

I hate to say this but it must be mentioned. There is not, to my knowledge, a 100% safe way to store/own physical silver or gold. In fact, there is nothing in this world 100% secure or safe. This is a challenge we must accept and then move forward with the best plan possible.

With the risk of sounding commercial like; Storing Silver & Gold will hit Amazon.com the week of April 8th, in digital format. The book does offer a source, affordable source to boot, who will insure all PM stored at home OR in a bank box. I highly recommend taking the extra effort to insure all PM, especially in your situation.

COMMENT:  A friend recommended your book and I want pass along how much I enjoyed reading it. The simple manner in which you explain silver and gold to our current economic plight was just the motivation I needed to make a monetary change. Record levels of debt will not fix our economy and it angers me that more educated individuals can’t see the overall picture. Anyway, we started our plan by committing to buy silver bullion at the first of each month. Thank you for what you do.

TPS Reply: You made my day, thank you.

 

BERNANKE WATCH:

FED chair Ben Bernanke is the most powerful man on earth but other central bankers are quickly becoming powerful in their own right. The Bank of Japan just doubled down on its latest version of QE by devaluing the yen and, unfortunately, punishing currency savers. Once again, the banks win, exclusively, as Japan outpaces Mr. Bernanke with a fresh commitment to print currency.

The world is awash in printed currency and today’s video only proves the level of desperation among today’s central bankers. This fact cannot be overstressed when we compare a rising supply of currency to precious metal. Please add worldwide quantitative easing to the growing list of reasons to own real money like silver or gold.

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

Tags: , , , , , , , , , ,


GOLD RUN

BUYING GOLD/SILVER, GOLD & SILVER, GOLD AND MONEY, SELLING GOLD/SILVER   No comments yet

On an otherwise uneventful February day in 2009, Criss Angel walked on water…kind of. Millions watched this event dumbfounded even though Criss explained it was all an illusion. My youngest son bribed me into viewing this televised miracle with hot buttered popcorn but I must admit this illusion looked as real as the nose on your face. But even walking on water fails to compare to the monetary illusions soon to shift untold wealth into precious metal. Today I’ll do everything in my power to expose the greatest wealth transference on earth. Thanks for joining TPS (The Prospector Site).

A run to gold or silver is NOT a natural occurrence. It is a reactionary result derived from a separation between you and your wealth. Nothing will cause monetary panic faster than a separation of wealth. Below is a must read paragraph that truly describes my point better than I can depict.

Some walk around in a financially comfortable delusion about our current system (banking) even though we all realize that we will never payback our $16 trillion in national debt.  You also have a banking system backing $7.4 trillion in insured deposits with $32 billion (that is, 0.43 percent).  Yet in our current system the Fed is digitally inflating away our currency and limiting available banking options.  Are we simply ignoring the too big to fail? Source: Budget 360.

Let me put the above information in proper light since this financial writer is spot on. If all depositors simultaneously demand physical proof of individual wealth the banking intuitions of America don’t have it. What banks do have is less than 1% of real tangible money deposits on hand. This means a $100,000 depositor is entitled to a whopping $430 withdrawal (thanks to today’s fractional reserve banking system).

We often describe an age of capital controls but few actually connect the dots back to themselves. The banking system in parts of Europe is under stifling capital controls. They cannot, and will not, allow depositors to withdrawal tangible currency because the money doesn’t exist. The banking world has replaced real currency with digits (now two degrees separated from gold for those still counting).

Now we both know that here in the U.S. Bernanke can print the 99.57% necessary to make up the difference between a bank’s cash on hand and digits; and is more than willing to do so. But this Criss Angel like magic comes with a price at least if you’re one of the millions storing wealth in today’s banking system.

Controlling the capital (wealth, cash, money, currency, asset, etc.) is an overgrown government’s dream. Capital control corrals the wealth of a society and then allows the money divvied out in only small portions according to the controlling party’s timing. At such a time, technically your wealth still exists; you just no longer have any control over it.

We only have to look at Cyprus as a perfect example of how the world’s depositors should expect to be treated in the very near future. Capital controls use captured wealth as a tool of taxation and sustainability. They don’t call it theft because the word theft sounds too much like stealing; hence the modern-day term haircut.

Picture your bank account as a car in a parking structure with the entrance and exit blocked by capital controls. Your car is still safely stored but you no longer have control over it. This means the controlling party can decide all red cars are needed to say physically block city hall; then removed no longer within owner’s control. All trucks are to be crushed and then used to stabilize nearby creek banks; then removed…..and then crushed, no longer within owner’s control.

Capitally controlling your wealth allows the powers to be to tumble and recycle your financial future through the taxation machine over and over again. It is now reported that Cyprus bank depositors will lose upwards of 40% from this haircut round. Who knows what the next recycling round will take from depositors as they irritatingly watch wealth dissipate without another option.

Physical silver or gold is the only world currency NOT SUBJECT TO TODAY’S RISK OF CAPITAL CONTROLS. I’ve mentioned before that we are beyond arguing the “should we or shouldn’t we” of physical precious metal. If you’re looking for a safe way to store wealth beyond the reach of capital controls I strongly advise each reader to look beyond the doubt; while this option still exists.

 QUESTION:  Today I read that Arizona is considering accepting silver and gold coins as legal tender. However the article stated that only coins minted by the government would qualify. Further, that since they would be considered legal tender, they couldn’t be taxed as property. So now I wonder about my silver rounds which I bought as a result of this site. Will I be able to sell them in the future and avoid taxes on any gain in their value? Also, is your book available yet in paper format? Thank you.

TPS Reply:  Thank you for the comment and questions. I agree, it is exciting to see a handful of states pushing back by implementing a competing currency. Will Arizona follow Utah’s precious metal footsteps; it’s too soon to tell? Here is how I see this playing out for what’s worth.

A few readers have emailed with the same sort of legal tender questions so I would like to clear the air. Individual states could view silver and gold as legal tender and possibly exempt from state capital gains, but I have my doubts the IRS will view silver or gold with the same tax exempt status. I’m not a CPA but I would use due diligence, and the help of a good accountant, before assuming a tax avoidance.

Like I mentioned by direct email; I have no plans to sell my rounds in order to buy more government minted silver bullion.  But then again I have no plans to sell or spend silver regardless. Rumors spread quickly and this only proves the volatility of today’s monetary world. Thanks again for the questions and good job keeping your ear to the ground.

As for the book, I’m seriously considering combining two digital books into one paper formatted book. This will give readers twice the bang for their buck. I’ll keep you posted.

QUESTION:  It just seems unpatriotic to abandon the dollar for silver and gold. My family fought wars and spilled blood for this great country.  I would like to believe the US dollar is strong enough to lead us out of this recession and into a thriving economy. Maybe I’m just old fashion?

TPS Reply:  Thanks for the comment. Boy, where do I start. It is no coincidence most paper currencies appear patriotic, regardless the country issuing the fiat money. This purposely instills  pride, patriotism, and generational confidence while central banks spur inflation taxation among her people. Inflation is the one tax virtually unavoidable for most.

Your family did not spill blood for the US dollar; most likely they fought for freedom. A country who willingly debases her currency is not promoting freedom, not by a long shot. I truly admire your patriotic passion but please don’t misinterpret a fiat dollar as this country’s foundation of freedom.

I realize it can be frightening to let go of something we’ve worked hard to amass. Frankly, this anxiety is what keeps most from the protectiveness of PMs. They just can’t get past the dollar’s vulnerability in our fiat implosive age. Please look past this misconception while an alternate currency is still available. Thanks again for the comment.

BERNANKE WATCH:

FED chief Ben Bernanke is the most powerful man on earth. For this reason alone we must pay close attention to the FED’s actions as they relate to your financial independence. Below is an intriguing short video of Bernanke responding to the likelihood of bank runs here in the United States.

In other words, as long as you ignore today’s banking volatility and don’t “lose confidence” or allow fear to become “contagious” the most powerful man on earth will not have to implement capital controls. I find it interesting how Bernanke rolls out the FDIC as a source of protection for depositors. The FDIC’s primary goal in not to insure your bank deposits, its primary goal is to protect banks from Cyprus type bank runs.

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 

 

Tags: , , , , , , , , ,


BEWARE OF PRECIOUS METAL SCAMS

BUYING GOLD/SILVER, GOLD AND MONEY, GOLD/SILVER COINS, SECURING GOLD & SILVER, SELLING GOLD/SILVER, STOCKS AND GOLD/SILVER   No comments yet

A few events are forever etched in our minds, literally. John Medina, a developmental molecular biologist, claims the reason some memories “stick” and some don’t is simple. Even the brain finds a few events so worthy of record that the mind actually strikes a deeper line in the brain.

Mr. Medina is also quick to point out another fascinating mind nugget. If not for the ability to instantly forget most information….. we will die, within days in fact. Honestly, I can’t deny or verify what this professor of bioengineering claims as factual. What I can say without doubt; I will always and forever recall the moment I decided to buy gold over a decade ago.

Before we dive in today, the Q & A section is all about dealing with PM (precious metal) crooks, be sure to catch it.

Every once in a while someone emails or calls TPS (The Prospector Site) looking to argue precious metal. They usually hangup thinking, “Gosh, this guy doesn’t know much about physical silver/gold for a bestselling precious metal author?” So be it. My goal is not to argue the worthiness of PM for those not ready to own silver or gold.

If I have to convince someone to buy they’ll like me less the first time silver or gold turns south. Before a person is ready to own PM they must first reach a point of realization. Maybe realization is the wrong word, maybe acceptance is better. Regardless, the old way of saving, investing and entrusting your wealth to someone else is over, period.

Until then silver and gold appear just as “risky” as a credit default swap or a Bernanke promise.

Politicians, corporate executives, and media pundits can drum recovery and economic stability but only the most hopeful continue to believe what PM faithful have know for some time. Each new day is another one closer to the demise of a fiat reserve currency. Your decision to own physical metal is a de facto admission of the dollar’s eminent demise; welcome aboard.

This liberation goes beyond silver and gold. My acceptance of monetary truth changed my perception in more ways than space. I found satisfaction beyond things driven by debt or greed. I found myself questioning everything, even to the point of questioning my faith. After all, it’s only after questioning what others blindly accept we learn, and then grow wiser.

Trading dollars for PM goes far beyond investing in the typical sense. Trading dollars for sound money offers savers the ability to grow wealth beyond the risk of confiscation that fills today’s evening news. Pension funds, retirement accounts, bonds, stocks, and real estate can’t offer the same peace of mind. Not that the aforementioned are bad investments, just not protected in this cannibalistic age of taxation and confiscation.

My Prospector Site email blew up Sunday as rumors of Cyprus bank runs filled my smartphone. Someday all bank accounts will face similar capital control challenges from central banks and/or government.  At such a time, you too will remember when and why you decided to buy physical silver/ gold.

 

QUESTION:  For your information, XWZ Corp (edited) is a con artist willing to sell old folks like me overpriced gold coins. Its been over two years and the coins are worth half of what we paid. A local coin dealer appraised the coins so I know what they’re worth……HALF, OR LESS. Something must stop the con artists in the bullion business!!!!!! (EDITED, A LOT)

TPS Reply:  First let me say how sorry I am.  You’re right, it sounds like you paid far over market for the nine rare coins we discussed during our phone consultation.  This deceptive practice is unconscionable – but I hear stories like yours far too often.  If I were in your position, I’d safely store the coins away knowing someday soon the PM market will, in all likelihood, surpass this over-market premium you paid. I realize this doesn’t help much but it’s not a loss unless you decide to sell short.

NOTE:  I spent at least an hour with this client and, honestly, the situation is not fixable; but due diligence could have saved a lot of hardship.  People are afraid like never in my lifetime. They hear about bank holidays (Cyprus), they see inflation stealing more from a fixed income, and then they hear some advertiser promoting gold as the answer to everything economically wrong. This, my friends, is when the trouble begins.

Now, let’s focus on how this never happens to you or anyone you know. Since I don’t sell PM let me first say the metal this author recommends exposes a PM crook in less than 30 seconds. Precious metal sellers can only take advantage of those lacking PM knowledge, this excludes you.  The majority of PM victims do not know what they’re buying; they just know it’s made from silver/gold. Buying any silver or gold is not good enough; we must put the “right” metal in your safekeeping….soon.

If you truly feel the need to trade dollars for PM but are not 100% confident in the process, then call or email me. I represent you the buyer, never the PM dealer, broker or seller. I don’t charge a percentage; regardless if you buy all the gold stored in Fort Knox or one silver ounce, it makes no monetary difference to me. I charge according to how much time it takes me to find and secure the right metal FOR YOU, I receive zero compensation from the seller.

Locating the right metal for a customer sometimes takes less than an hour, in many cases, or it could take a little longer. Regardless, you’re only charged for the time it takes according to your situation, no surprises. It is not unusual for my fee to total a $100 – $200 (is $100 too much for the peace of mind knowing you’re PM protected with the right metal AND at the best price possible?). It’s time we bring integrity back into the PM market and this is exactly what I intend to do. Contact me here for more information.

QUESTION: I just don’t understand, gold doesn’t pay a dividend or interest, correct? It rests in a vault, in a secret location, all while protected by the best security possible. Wouldn’t you agree that the only thing physical PMs can offer is the chance of appreciation?

TPS Reply: Thanks for the comment and questions. You are correct in regard to gold’s inability to pay interest, it typically does not. Respectfully, I 100% disagree that the only thing physical PM can offer is the chance of appreciation. Gold and silver equal money, everything else we typically call money is currency. Please stop thinking like an investor, think like an innovator (innovators are willing to change).

It’s time the PM skeptical face a few facts. Investors (savers) are long for the slaughter and Cyprus is proof. Eventually the entitled of the world will far outnumber the savers (depositors, pension holders; all investors with exposed wealth). At such a time, the entitled (impoverished) will not only condone new taxation and wealth confiscation – THEY WILL DEMAND IT.

The world’s stockholders fail to compare their risk to a Cyprus depositor (by the way, depositors in Cyprus are under capital controls by way of a bank holiday). A typically safe storage of wealth can no longer keep pace with inflation (certificates of deposit, money markets, savings accounts), they no longer pay a reasonable rate of return.

Even ultra-conservative investors now turn to stocks in order to preserve wealth; this is why the DJIA is at a new high. Someday soon the entitled of the world (impoverished) will far outnumber those holding wealth in stocks. At such a time, ones depending on entitlement will not only support new taxation – they will demand it. Remember, giants rarely die suddenly; they starve slowly but only after total consumption.

How can you or any other stock investor honestly believe your wealth glowing on Wall Street will not fall under confiscation, capital controls or painful levels of new taxation?

This is what happens when currencies die and governments lose power; this is what divides nations, states, communities, churches, and families, too. Thinking like an investor in an age of wealth confiscation is nothing short of dangerous. My advice is to transfer some wealth, if not most, into something less vulnerable to taxation and confiscation. Physical silver and gold are part of the few safe havens outside the banking/ investment system.

We’re past the point of arguing if silver or gold are worthy investments. The only questions left: how quickly can you turn dollars to PM, what to buy, from whom, and at least three safeguards for PM storage. Time will validate the aforementioned.

 QUESTION:  Just paid slightly over $33 per coin from an online PM broker. I’m seriously considering buying more silver but questioning if the price is fair? Thank you.

TPS Reply: Congrats to you for practicing such prudence; I just paid close to the same per ounce price. Now, I have a question or two for you. Do your coins contain one ounce of silver, many do not? Do you know the difference? Please contact me immediately if you don’t.

My suggestion is to view silver like a typical bank savings account. Most Americans no longer save; they spend every dime that comes in – plus some.

Using PM as a savings offers two huge benefits. One, it’s far more difficult to impulsively spend a savings in PM. Two, a savings in PM will rise beyond the imagination of even the most optimistic PM holder (my opinion, use due diligence). We’re living what history will someday describe as the largest monetary shakeup of mankind. The fiat currency experiment has reached the boiling point. Thanks for the question.

BERNANKE WATCH:

The most powerful man in the world is not a politician, not significantly wealthy….. yet rather mysterious to most folks obliviously wondering through life. His name is Ben Bernanke and it is certainly in your best interest to understand how his influence will directly affect your future. He is the most powerful man on earth and starting today we will feature a “Bernanke Watch” in each TPS post.

There is no doubt FED Chief Bernanke is a very smart man. His words are purposely patterned to instill monetary confidence and, unfortunately, monetary confusion. The trouble within our global economy is not Mr. Bernanke’s fault. Bernanke is nothing more than a very significant snapshot in time now controlling the most powerful, yet most secretive, monetary entity on earth.

In the above video Bernanke defends the FEDS actions with six powerful words. He said, “…..never lost a penny doing it. It is imperative to understand that it’s impossible for the FED to lose dollars. They are the only entity in the world that can create unlimited amounts of dollars from thin air. Today’s era of no restraint allows the FED to create dollars, secretly, and obviously accountable to no one (according to the above video).

Don’t miss our next Bernanke Watch when we discuss exactly how the FED not only influences the DJIA but controls it too.

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 

 

Tags: , , , , , , , , , , , ,













Home | The Prospector Blog | The Prospector Site & You | Registration | Contact


Copyright 2011 The Prospector Site | All Rights Reserved | Terms of Use | Privacy Policy


Design & Development by Vantage Technology Development

Powered by WordPress Entries RSS Comments RSS