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Silver Investor Community Discussion Forums - SilverSeek.com - SilverSeek.com Articles http://forums.silverseek.com/ Public comments on articles published on SilverSeek.com en Thu, 25 Apr 2019 20:15:27 GMT vBulletin 60 http://forums.silverseek.com/images/misc/rss.png Silver Investor Community Discussion Forums - SilverSeek.com - SilverSeek.com Articles http://forums.silverseek.com/ When the stock market reversal happens, it will be a whopper http://forums.silverseek.com/showthread.php?69514-When-the-stock-market-reversal-happens-it-will-be-a-whopper&goto=newpost Thu, 11 Apr 2019 01:27:45 GMT *“They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in... “They may try to run this poor thing straight up and over a cliff. Recall the 2000 top was in March but they briefly ran it back in Sep 00. Ditto in Oct 07. When warning signs are ignored, the endings are abrupt. Maintain safety nets, but don’t assume stupidity has limits.” – John Hussman

Before I saw that quote from Hussman on Twitter, I was contemplating how the trading patterns this year in bond and precious metals markets remind of the way they were trading in 2008 before the financial system de facto collapsed. Similarly, the tech stocks right now remind me of the blow-off top that occurred in tech stocks in January/February 2000 just before the Nasdaq collapsed. Whether intentional or not, the Fed has quickly re-inflated the tech bubble that was punctured in September 2018.

http://news.goldseek.com/GoldSeek/1554921429.php
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SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?69514-When-the-stock-market-reversal-happens-it-will-be-a-whopper
In The Event Of A Fiat Currency Collapse Would Gold Rocket? http://forums.silverseek.com/showthread.php?69513-In-The-Event-Of-A-Fiat-Currency-Collapse-Would-Gold-Rocket&goto=newpost Thu, 11 Apr 2019 01:24:52 GMT *Preamble* *One of the reasons given for allocating a portion of one’s investment assets to the precious metals sector such as physical gold is that... Preamble
One of the reasons given for allocating a portion of one’s investment assets to the precious metals sector such as physical gold is that gold can be considered as an insurance policy against the devaluation of paper money. On my office wall I have framed various bank notes from an 'inflationary' period of time which include the following:
2,000,000 marks, Germany 1923
100,000,000 Pengos, Hungry 1946
5,000,000 Kwanza, Angola 1995
100,000,000,000,000 dollars, Zimbabwe 2008


These bank notes serve as a reminder that currencies can be devalued in dramatic fashion and eventually become worthless. In today's world we are reliant on a number of Fiat currencies of which some could suffer a similar fate

We know that Fiat currencies eventually return to their intrinsic value which is zero and therefore we take steps to diversify some of our wealth into other asset classes such as gold
The expectation in some quarters is that gold would rocket should such a catastrophe occur within our Fiat currency system.
So, the question we wrestle with is this:
Would gold really rocket or are there other solutions available should we encounter such a disaster, negating the need for gold?

http://news.goldseek.com/GoldSeek/1554898800.php
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Kicking Wells Fargo When They Are Down http://forums.silverseek.com/showthread.php?69512-Kicking-Wells-Fargo-When-They-Are-Down&goto=newpost Thu, 11 Apr 2019 01:10:58 GMT *As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding... As much as Democrats love wagging their fingers at all of us racists, homophobes and climate-changers, their first love, borne of longstanding political tradition, is kicking fallen bankers in the nuts. It doesn’t hurt that in the eyes of the Democrats and America’s flourishing grievance industry, many of the perps happen to be privileged white men. Wells Fargo’s bankers in particular have been bludgeoned worse than a pinata at a Cinco de Mayo party, and last summer they paid $575 million to end investigations by 50 states and the District of Columbia.

What did Wells do to deserve this shakedown? I can answer that question from personal experience, since I was one of the alleged victims. I came to possess about a dozen accounts at Wells, including business and personal checking, credit and debit cards attached to each, assorted savings accounts and related “plastic”. I didn’t need so many accounts, but Wells cheerfully opened them for me anyway over a period of several years, ostensibly so that I could enjoy all the features and privileges associated with each.

Lawyers Score Again!

Eventually I was inundated by credit/debit cards, pin numbers and monthly statements showing little or no activity. I brought all of the cards into the bank one day and asked them to purge as many as possible. This they dutifully did, and that was the end of the story, at least for me. But it was just the beginning for a plague of tort lawyers and grandstanding politicians like Sen. Elizabeth Warren. They did a number on Wells with repercussions that have continued to this day despite the $575 million extortion payment. Most recently, Wells’ CEO resigned — the second to quit in the last two-and-a-half years. He was not under a cloud of scandal, just a capable, well-intentioned guy who’d been grilled one too many times on Capitol Hill.

http://news.goldseek.com/RickAckerman/1554898547.php
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Bankers Join Socialists in Supporting “Modern Monetary Theory” http://forums.silverseek.com/showthread.php?69511-Bankers-Join-Socialists-in-Supporting-“Modern-Monetary-Theory”&goto=newpost Thu, 11 Apr 2019 01:04:21 GMT *The gaggle of socialist candidates vying to win the Democratic nomination for president all agree on one thing. They believe government should be... The gaggle of socialist candidates vying to win the Democratic nomination for president all agree on one thing. They believe government should be doing a lot more.

Just how to pay for all of those dreams is the question. Modern Monetary Theory (MMT), we are told by the likes of Alexandria Ocasio Cortez, is the answer.

The New York Times describes MMT as a “package of eccentric ideas” including the notion “deficits are too small, and that the U.S. can essentially print money to pay off its debt.”

Yes, proponents of MMT, believe the U.S. should borrow more than it does currently, which is roughly $1 trillion per year. Why worry? The U.S. can simply create the trillions needed to pay off all of that debt.

Some may ask just who will be willing to lend to the U.S. when the primary means of repayment will be firing up a digital printing press.

Anyone who passed Economics 101 should be able to see the fatal flaw in Modern Monetary Theory. History is clear and there are some real-life catastrophes playing out right now in places like Venezuela.

Hyperinflation and currency collapse is the inevitable result when governments begin printing to escape all limitations.

The headline for the above-referenced article in the New York Times: “Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street.” There is no telling exactly why the Times considers Wall Street’s enthusiastic embrace of MMT as “unexpected.”

The nation’s largest banks certainly got behind the “extraordinary measures” taken by the Fed and the Treasury in response to the 2008 financial crisis. The bailouts, Zero Interest Rate Policy, and Quantitative Easing were lavished upon Wall Street as a gift -- a gift to investment bankers themselves.

http://news.goldseek.com/GoldSeek/1554822343.php
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<![CDATA[GoldSeek Radio: Ed Moya & Bob Hoye]]> http://forums.silverseek.com/showthread.php?69510-GoldSeek-Radio-Ed-Moya-amp-Bob-Hoye&goto=newpost Mon, 08 Apr 2019 11:17:21 GMT *http://radio.goldseek.com/shows/2019/04.05.2019/GSR-04.05.19-c.mp3* http://radio.goldseek.com/shows/2019...04.05.19-c.mp3 ]]> SilverSeek.com Articles valerb http://forums.silverseek.com/showthread.php?69510-GoldSeek-Radio-Ed-Moya-amp-Bob-Hoye Tick, Tick, Talk, 2019 Recession Coming http://forums.silverseek.com/showthread.php?69509-Tick-Tick-Talk-2019-Recession-Coming&goto=newpost Mon, 08 Apr 2019 11:04:02 GMT *The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their... The 2018 stock market crash is now a fait accompli, having taken a polar bear plunge that put ice in the veins of the Fed and electrified their collective spine with such a deep chill they ran like a fat walrus from the bear market to halt their long-nurtured plans of economic tightening. With that event fulfilled, I’m now predicting a 2019 recession as the major economic news for this year (both US and global).

To confirm my bearish claim on the market’s crash:

Several leading stock market indexes around the globe endured bear market declines in 2018. In the U.S. in December, the small cap Russell 2000 Index (RUT) bottomed out 27.2% below its prior high. The widely-followed U.S. large cap barometer, the S&P 500 Index (SPX), just missed entering bear market territory, halting its decline 19.8% below its high.
Investopedia

But the Dow fell completely into bear territory and the NASDAQ even further into the bear’s territory. Even the S&P hit an intraday low that was 20% down, so it’s stop right at the edge by the end of the day is nothing but a rounding error.

In terms of real cost, anyone who scoffed at my 2018 warnings and held their stocks through 2018 is still recovering from his or her losses. That we have only just this week recovered those losses is quite easily proven with one simple graph of 2018 where the breakdown begins in January where I said it would and hits full crash velocity in the fall:

http://news.goldseek.com/GoldSeek/1554743532.php
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West Virginia Joins Growing Sound Money Movement http://forums.silverseek.com/showthread.php?69508-West-Virginia-Joins-Growing-Sound-Money-Movement&goto=newpost Mon, 08 Apr 2019 10:57:42 GMT Six Other States Now Weighing Their Own Bills to End Taxes on Gold & Silver

Before the ink could even dry on West Virginia Governor Jim Justice’s signature on a repeal of sales taxation on gold, silver, platinum, and palladium bullion and coins, legislators in Wisconsin and Maine introduced similar measures in their own states.

All told, 39 states have now reduced or eliminated sales taxes on the monetary metals, and Wisconsin, Maine, Kansas, Arkansas, Minnesota, and Tennessee are all actively considering bills of their own this month.

West Virginia’s Senate Bill 502 enjoyed tremendous popularity, passing through the State Senate unanimously before passing out of the House 90-9. Starting July 1, investors, savers, and small businesses in the state are no longer required to pay sales and use tax on the exchange of dollars for the monetary metals.

Earlier this week, Representative Justin Fecteau (R - Augusta) of Maine introduced LD 1446, a measure to repeal sales taxes on precious metals, saying, “Seven years since his 2012 run for President, the monetary policy lessons of Congressman Ron Paul still stick out to me. This bill is an important first step to restore sound money in Maine by refusing to tax the conversion from one legal tender to another.”

And Wisconsin State Representative Shea Sortwell (R - Two Rivers) today introduced his measure to end the taxation of money on the anniversary of President Franklin Roosevelt's controversial gold ban 86 years ago.

"On April 5th, 1933, President Franklin Roosevelt made the disastrous decision to confiscate individuals' private gold holdings through Executive Order 6102. American citizens were forced to turn in their gold under the threat of ten years in prison. Shortly after, the price was arbitrarily raised over 50%, a shocking theft of wealth from the American people," said Sortwell.

"Wisconsinites ought to have the choice and freedom to use alternative currencies and money without being taxed for it -- and this bill would put our precious metal sellers on an even playing field with our Midwest neighbors."


Many of the above states have not had sales tax on bullion products for many years and the rest can buy bullion online from other states tax free.


Meanwhile, West Virginia Congressman Alex Mooney (R-WV) is doing his own part to end federal income taxation of sound money.


Mooney’s Monetary Metals Tax Neutrality Act (H.R. 1089) would “clarify that the sale or exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation.”

To be sure, the out-of-control spending and debt embraced by many politicians is directly undermining the value of the dollar and our savings, but momentum is building, particularly in the states, to restore sound money in America.


Not likely, but if congress would ever give up taxing our bullion sales to others, it could be used like money. Would they cut their own throats and give up a controlling chunk of the economy and everything else?
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Running on empty http://forums.silverseek.com/showthread.php?69507-Running-on-empty&goto=newpost Mon, 08 Apr 2019 10:41:56 GMT * Mining is all around us, though invisible to urban dwellers, so it’s easy to forget that we live in a world of finite resources. Unlike forestry...
Mining is all around us, though invisible to urban dwellers, so it’s easy to forget that we live in a world of finite resources. Unlike forestry or agriculture, whose crops are renewable, once ore comes out of the ground and is processed into metals, it’s gone for good. Some industrial metals are recycled after mining, like copper, but this only extends the life of the resource; it doesn’t renew it.

We know this intuitively, yet we continue to mine. The reason, of course, is because we need the materials, and companies with the expertise and money are eager to prospect and extract, especially high-value minerals like diamonds, battery metals and heavy rare earths.

We are facing a supply crunch for copper, zinc and lead - all crucial to the functioning of a modern economy. Imagine a world without copper? There would be no copper wiring, therefore no means of electrifying new buildings, no material for solder, no computers, TVs, circuit boards, semiconductors, microwaves, modems and routers.

The transportation industry is reliant on copper for components of airplanes, trains, cars, trucks and boats. A commercial airliner has up to 190 kilometers of copper wiring, while high-speed trains use up to 10 tonnes of copper per kilometer of track.

In electric vehicles (EVs), copper is a major component used in the electric motor, batteries, inverters, wiring and in charging stations. Without a copper substitute (there is none), the shift from gas-powered cars to EVs would abruptly stop.

For more read our The coming copper crunch

The counter-argument to peak metal is that a small percentage of the Earth’s crust has been mined. Finding more metals is just a matter of looking harder, spending more money, and going further afield. Such is the impetus behind asteroid and undersea mining. The problem is, no company is going to mine at a loss. It’s simply a matter of inputs and outputs. If the inputs (resources needed to mine, like water, fuel, power, machinery, labor) cost more than the output (the realized metal price), it makes no sense to mine. Unless we get to the point where government are paying mining companies to absorb their losses, because the materials are essential to society. Subsidized mining paid for by every taxpayer. We’re not there yet, but we are abruptly moving towards resource depletion in a number of areas. This article explains why.

Global material use

In our modern-day service economy, where old-school metal and wood mills are becoming a thing of the past or tucked away in remote corners of civilization, some like to disparage mining for its effects on the environment.

It’s true that mining cannot be done without disrupting the Earth. There have been leaks, spills, explosions, accidents, cave-ins. We could be doing more to improve safety and environmental controls. But overall, mining has been very good for society at large.

Let’s look at some facts and figures from a recent report by UN Environment, called ‘The Global Resources Outlook 2019’:

http://news.goldseek.com/GoldSeek/1554728888.php
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Capitalism Gone Wild http://forums.silverseek.com/showthread.php?69506-Capitalism-Gone-Wild&goto=newpost Mon, 08 Apr 2019 10:34:58 GMT *Recession is coming. We can debate the timing, but the economy will turn decisively downward at some point. My own analysis, looking at the data... Recession is coming. We can debate the timing, but the economy will turn decisively downward at some point. My own analysis, looking at the data available on April 4, says recession isn’t likely this year but unfortunately looks very probable in 2020.

In addition to when it will happen, there’s also the question of how deep the next recession will be. A shallow downturn wouldn’t be fun, but compared to the last one might feel relatively refreshing.

Alas, I don’t think we will be that lucky. I think the opposite: The next recession will be deeper, longer and far more painful to many more people than your average recession, and could persist as long as the last one. That is because the next recession in all likelihood will be truly global. If you sailed through 2007–2009 without your lifestyle changing, I wouldn’t assume it will happen that way again.

Ironically, but not surprisingly, it will be the response to the last recession that makes the next one so much worse. Part of the reason is that investors once again “learned” that if you simply stay the course, the market will get you back to where you were and more. The massive move into low-fee index investing instead of active management will make the next recession more painful.

You must understand that 75% of today’s wealth is in the hands of retirees and pre-retirees. Most have a significant portion of their money in index funds, and they’re going to see significant erosion of their retirement assets. I’m thinking especially of those depending on public pensions, which are heavily weighted to a form of index investing. Public pensions are already significantly underfunded (in general) and a bear market will make them even more so. It will be painful and I can assure you it will cause a lot of political angst. Today I’ll tell you why I think this. It may be one of the more important letters I’ve written in the recent past, so read carefully.

Unwise Investment

Central bankers have a well-worn playbook for handling recessions. Cut interest rates, increase liquidity, and otherwise make more capital available to the private sector. This helps businesses hire more workers and raise wages. Then gradually remove all the stimulus as growth recovers. (Usually, at least. Greenspan waited too long to tighten after the 2001 recession and begin raising rates, creating the dynamics for the subprime crisis.)

The playbook truly fell apart in 2008. The system had so much debt that adding yet more of it didn’t have the desired effect. As noted, easy money from the last crisis had created the situation. Even dropping short-term rates to effectively zero didn’t help because it was creditworthiness, not interest costs, that kept people and businesses from borrowing.

The Bernanke Fed’s answer was quantitative easing—essentially a way to stimulate lending at longer maturities. It had an effect but not the intended one. Instead of going to productive use, the new stimulus helped banks deleverage and public companies leverage up and repurchase their own shares, or as we will discuss below, simply buy their competition and short-circuit the “creative destruction” cycle. This pushed asset prices, i.e. the stock market, higher and made it appear recovery was underway. Unfortunately, the “recovery” was the slowest recovery on record.

All that cash eventually trickled through the economy, not to people who would spend it on useful goods and services, but to yield-starved investors. Why were they starving? Because the Fed was keeping rates low. They had little choice but to take more risk, which is what the Fed wanted them to do in the first place. So they plunged money into venture capital, private equity, IPOs, emerging markets, and everything else they could find with potentially decent capital gains and/or yields.

The result was a massive wave of investment, some good and some, well, let’s just say based on hope and little else. And as we know, hope is not a solid investment strategy. Some businesses that had good stories (the so-called unicorns) found themselves covered with cash by investors for whom hope sprang eternal. Eager to show they could turn the cash into gold, the companies sought to emulate the Amazon model, using money to buy growth without profit. In the hopes of going public at some point and cashing in, they kept the game alive. Think Lyft. (Note: I like Lyft and wish them nothing but success. But still…) Investors, because they wanted to believe the story they were investing in was true, watched and waited.

They’re still waiting. And here we are.

http://news.goldseek.com/MillenniumW...1554708142.php
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<![CDATA[2020: Socialist America or Trump's America?]]> http://forums.silverseek.com/showthread.php?69505-2020-Socialist-America-or-Trump-s-America&goto=newpost Mon, 08 Apr 2019 10:15:45 GMT *By: Patrick J. Buchanan In the new Democratic Party, where women and people of color are to lead, and the white men are to stand back, the... By: Patrick J. Buchanan

In the new Democratic Party, where women and people of color are to lead, and the white men are to stand back, the presidential field has begun to sort itself out somewhat problematically.

According to a Real Clear Politics average of five polls between mid-March and April 1, four white men — Joe Biden, Bernie Sanders, “Beto” O’Rourke and Pete Buttigieg — have corralled 62 percent of all Democratic voters.

The three white women running — Senators Elizabeth Warren, Amy Klobuchar and Kirsten Gillibrand — have, together, a piddling 8 percent.

The lone Hispanic candidate, Julian Castro, is at 1 percent.

African American candidates Kamala Harris and Cory Booker fare better, with Harris at 10 and Booker at 3.


Who has raised the most money from the most contributors?

Sanders is first with $18 million; Harris is next with $12 million; Beto is third with $9 million in 18 days; and “Mayor Pete” is fourth with $7 million.

Warren, Klobuchar and Gillibrand have yet to file reports.

But the big takeaway from recent weeks is the sudden stunning vulnerability of the front-runner. Seven women have come forward to berate Biden for unwanted and offensive touching and crowding. Joe is on the defensive. Some in the #MeToo movement want him gone.

He is also being slammed for decisions across his 36-year Senate career — opposing busing for integration, deserting Anita Hill in the Clarence Thomas hearings, supporting a racially discriminatory crime bill, voting to authorize George W. Bush to take us into war in Iraq.

And unkindest cut of all: Barack Obama’s stony silence about Joe’s candidacy.

The most compelling case for the 76-year-old ex-vice president is that he can win back Trump’s white working-class voters, and return Wisconsin, Michigan and Pennsylvania to the Democratic fold.

Thus a major drop in Biden’s polls could be terminal to his candidacy.

If Biden can’t guarantee a victory over Trump, why go with Joe?

Yet, if he fades away as a candidate, as he has done twice before, who emerges as front-runner? The 77-year-old Socialist Bernie Sanders. If Joe fades, Bernie and the comrades will have removed the last large roadblock to a socialist takeover of the national Democratic Party.

http://news.goldseek.com/LewRockwell/1554703261.php
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<![CDATA[A Primer On How To Buy And Store Gold & Silver]]> http://forums.silverseek.com/showthread.php?69504-A-Primer-On-How-To-Buy-And-Store-Gold-amp-Silver&goto=newpost Mon, 08 Apr 2019 09:54:31 GMT I'm always surprised by how few people understand the options for buying precious metals. Even the very affluent.
I recently returned from a conference full of highly-qualified investors who "get" the economic risks we discuss here at PeakProsperity.com. And on multiple occasions, I was asked if I could demystify the purchasing process for folks who wanted to build a position in gold and silver.
It seems the precious metals industry does a bad job of educating the curious buyer, probably because each player has a bias towards their particular slice of the solution set.
I find myself guilty of assuming that everyone is as familiar as I with the full spectrum of gold-silver purchase options available. So to correct that, I've taken the time this week to detail those options out for the novice buyer.
So, if you've been thinking about converting some of your paper fiat money into precious metals but are unsure how to start, wonder no more.
Below is a primer of the main options available to you, and in which situations each makes sense to consider.
But before continuing further, let me make a few things absolutely clear. This is NOT personal financial advice. This material is for educational purposes only, and as an aid for you to discuss these options more intelligently with your professional financial adviser(s) before taking any action.
Suffice it to say, everything discussed in this report should be reviewed with your financial adviser before taking any action. Am I being excessively repetitive here in order to drive this point home? Good...
Getting Started: Bullion (Stored Locally)

The primary reason for buying precious metals is Armageddon insurance; to own a form of money that will still have purchasing power should our paper-based currency suddenly become valueless.
Don't think that's a risk in modern society? Just talk to someone in Venezuela or Argentina today. They'd gladly trade you millions of bolivars or tens of thousands of pesos for a single gold coin.
Which is why many believe it wise to have a stash (or "stack" in PM-parlance) of gold and silver, in physical form, that you can quickly get hold of in your hot little hands should a currency crisis arise.
Physical gold and silver is referred to as "bullion". It's most common form factors are coins and bars.
When buying gold bullion for your emergency stack, most experts recommend restricting your purchases to 1-ounce sovereign coins. These are coins currently minted each year by select governments around the world; most notably the Eagle (U.S.), Buffalo (U.S.), Maple Leaf (Canada), Krugerrand (So. Africa), Philharmonic (Austria), Panda (China), Kangaroo (Australia), and Sovereign (U.K.).
Why stick to the sovereign coins?
First off, they have a low premium to the "spot" price of gold. So you're buying your gold at a good value versus most other options.
Wait. What's the spot price? And how does that differ from the price I pay at the store?
The futures market sets the price of an ounce of gold (called the "spot" price) at any given minute of the trading day. Because it takes cost and effort to convert a lump of gold into a specific shape and then ship it to a dealer, the mints tack on an extra fee when they sell their products to precious metals dealers. Those dealers in turn add their own mark-up. The total price above the spot value that you pay at the store is referred to as the "premium".
OK, got it. So my goal is to try to buy my gold for the lowest premium per ounce?
Yes, in general. And that's why experts recommend sticking to the 1oz sovereign coins. If you purchase gold in increments smaller than 1oz, the premium per unit of gold increases sharply the smaller you get in size. And if you buy numismatic coins, the collectible value often results in large premiums over spot price.
You lost me again. What are "numismatic" coins?
Numismatic coins are coins that have collectible value. Generally, they are no longer minted today and exist in a secondary market where they're traded between collectors. Those building their emergency gold stack should steer clear of numismatics -- in a crisis, coins are likely going to be valued primarily for their gold content. Any collectible value could be easily discounted or disregarded altogether. Also, unless you have years of experience trading them, it's easy to lose money or get plain ripped off buying numismatics.
OK, stick with the sovereign coins. Any other reasons why?
Coin dealers -- the folks you're going to sell your gold back to someday -- are by far the most familiar with these coins over all other forms. They can spot fakes more easily. So, if you're buying from a reputable dealer, you can have confidence you're getting a pure product. And, when the time comes to sell your gold, if you're holding it as sovereign coins, a dealer will be most likely to accept them.
What about silver?
Government mints also make sovereign silver coins. Those are fine to buy.
There are private mints that also make coins, which are referred to as "rounds". These tend to have a lower premium to spot that the sovereign silver coins. But you need to be careful here. If you buy rounds, make sure to buy a brand that your local dealer recognizes and agrees to accept. Otherwise, when it comes time to sell, you might find he's only willing to buy them from you at a discount to spot (or perhaps, not at all).
By far the cheapest way to buy silver is by purchasing bags of pre-1964 US coins (quarters, dimes, etc), aka "junk silver". Prior to 1964, these coins were comprised of 90% silver. Today, dealers sell pre-weighed bags of these coins at very small premia over spot. Bags of junk silver also give you the option value that, should a crisis ever force us back to transacting in silver, you've now got small-increment coins with which to buy low-cost everyday items (bread, milk, etc).
But as every silver investor learns quickly, silver is heavy! And beyond a certain amount, it becomes challenging to store and transport stacks of coins/rounds.
Which is why those looking to own hundreds or more ounces of silver typically purchase silver bars. As with rounds, there are many mints that issue bars, but there are two brands that have been around for a very long time that dealers prefer to deal with: Johnson Matthey and Engelhard
All right, so where can I buy gold & silver bullion?

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One Big Tip for Huge Economic Growth http://forums.silverseek.com/showthread.php?69503-One-Big-Tip-for-Huge-Economic-Growth&goto=newpost Mon, 08 Apr 2019 09:32:00 GMT "The Fed’s surprise pivot away from any interest rate increases this year has boosted prices of stocks, high yield bonds and other risky assets in spite of nagging investor concerns about slowing global economic growth….. The quandary for the Fed is that easy monetary policy seems more effective in spurring asset values than it does in boosting prices of goods and services. The S&P 500 Index rose by an average 8.5 percent from 2014 through 2018, while the personal consumption expenditures price index increased 1.3 percent, well below the Fed’s 2 inflation target.”Bloomberg
But of course. We’ve been entrenched in a supply-side economy since the Reagan years, and the suppliers are the rich side. So, feeding the supply side of the economy creates richer rich people, not richer poor people. It leaves the poor people more dependent upon the rich for income opportunities.Increasing the ability of the supply side does not increase demand; so, it does not and cannot create a healthy, balanced economy. I’ve argued for years that, if you want to create a sustainable economy, you take care of the demand side (the middle class and the poor) because they spend their tax savings on real things, not financial assets. That is why they are called the “demand side.” They create demand.When they create demand, it is virtually guaranteed the rich will find or invent ways to fill that demand in order to get as much of that money from the middle class as possible. So, the money will always bubble up, but precious little of it will trickle down, as the rich have very fine filters to trap as much material as possible.On the other hand, when you give the tax breaks to the supply side, such as the special capital gains tax rate that mostly benefits the extremely rich who make most of their money off of gains from asset trading, then it is certain the rich are going to concentrate their money making in precisely the area that requires the least amount of work and offers those low same tax rates on the next round of money they make. They’re going to make money gambling in the Wall Street casinos, producing nothing.
How the Fed factors in

To keep that money going, you need the Fed creating wads of it because it isn’t going to be coming from the increasingly strapped middle class that scarcely benefits from your supply-side tax policies. So, you need to create new money. This won’t create general inflation because the bulk of it keeps going around inside the casinos of Wall Street. It just creates asset inflation and maybe a little inflation in the price of high-end goods that are sold only to the rich like mansions, yachts, ball teams, etc.You see, it is really no quandary at all. The Fed is fully engaged in the supply-side program. It gives all of its new money only to the richest of the rich where supply-side economics is creating a need for money — the bankers.

http://news.goldseek.com/GoldSeek/1554390946.php
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Metals Are Presenting A Buying Opportunity http://forums.silverseek.com/showthread.php?69502-Metals-Are-Presenting-A-Buying-Opportunity&goto=newpost Sun, 07 Apr 2019 00:13:06 GMT *While so many were getting so bullish of the metals market over the last few months, my work was telling me that we were not likely going to be... While so many were getting so bullish of the metals market over the last few months, my work was telling me that we were not likely going to be seeing a major break out just yet. So, I have been waiting patiently for a good set up for another long trade.

But, during my wait, I have seen extremes in sentiment again. At the highs, the extremes were quite bullish. And, now, the fear is starting to creep back into the market.

Everyone seems to be waiting for the next shoe to drop and for the metals to crash down again, with so many pointing to the heads and shoulders pattern which is supposedly about to make gold crash. In fact, today, one of my members on FATrader.com asked me a question regarding the bearish implication of silver breaking a long term trend line.

But, I think silver has been providing us with the clearest indications in the metals market. It had me looking higher as we caught that bottom in November of last year, and it had me looking for a pullback when we were topping out at the end of January. In fact, even in the smaller degree moves, we caught the top in silver last week, and have been looking down for a drop since then.

But, now, silver is providing us with a bottoming indication rather than a selling indication.

On Thursday and Friday, I was outlining to my members what I see as one of the best set ups in the metals market at this time. Over the years I have been analyzing metals, one of the best bottoming indicators I have ever seen is the MACD on the 144-minute chart. In the last seven years that I have been closely tracking it, I think it may have failed twice to correctly follow through with the signal that it is now providing us.

You see, whenever silver seems to be completing a downside structure, and has positive divergences, as we now have building in the MACD on the 144-minute chart, it has forewarned of an impending upside reversal almost every time. While it does not tell us what that reversal will turn into, it has been almost perfect in warning that a reversal is setting up.

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Larry Kudlow Wants A 50 b.p. Cut In Fed Funds – Why? http://forums.silverseek.com/showthread.php?69501-Larry-Kudlow-Wants-A-50-b-p-Cut-In-Fed-Funds-–-Why&goto=newpost Sun, 07 Apr 2019 00:10:05 GMT *The stock market has been rising relentlessly since Christmas, riding on a crest of increasingly bearish economic reports. Maybe the hedge fund... The stock market has been rising relentlessly since Christmas, riding on a crest of increasingly bearish economic reports. Maybe the hedge fund algos are anticipating that the Fed will soon start cutting rates. Data indicates foreigners and retail investors are pulling cash from U.S. stocks. This for me implies that the market is being pushed higher by hedge fund computer algos reacting to any bullish words that appear in news headlines. For example, this week Trump and Kudlow have opportunistically dropped “optimistic” reports connected to trade war negotiations which trigger an instantaneous spike up in stock futures.
“U.S. economy continues to weaken more sharply and quickly than widely acknowledged” – John Williams, Shadowstats.com, Bulletin Endition #5
The real economy continues to deteriorate, both globally and in the U.S. At some point the stock market is going to “catch down” to this reality.
The graphic above shows Citigroup’s Economic Data Change index. It measures data releases relative to their 1-yr history. A positive reading means data releases have been stronger than their year average. A negative reading means data releases have been worse than their 1-yr average. The index has been negative since the spring of 2018 and is currently well south of -200, its worst level since 2009.
The Treasury yield curve inversion continued to steepen last week. It blows my mind that mainstream media and Wall Street analysts continue to advise that it’s different this time. I would advise heeding the message in this chart:

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The Massive Increase Of Central Bank Paper Assets Warns Of Financial Danger Ahead http://forums.silverseek.com/showthread.php?69500-The-Massive-Increase-Of-Central-Bank-Paper-Assets-Warns-Of-Financial-Danger-Ahead&goto=newpost Sun, 07 Apr 2019 00:07:18 GMT *By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade. Since the... By purchasing increasingly worthless paper assets, we can thank the central banks for propping up the global economy for the past decade. Since the 2008 financial crisis, the top central bank’s have acquired $13 trillion worth of assets on their balance sheets. While the central banks label these balance sheet items as “Assets,” they are nothing more than glorified Paper IOU’s.



And these trillions of dollars worth of paper IOU’s can only get their value from the burning of energy… a critical factor overlooked by mainstream financial analysts. Without growing global oil production, most of these “supposed” assets would see their values plummet. Unfortunately, the world is heading towards a collapse of global oil production due to the Falling EROI – Energy Returned On Investment and the Thermodynamics of oil depletion.



Yes, the disintegration of the global oil industry is now speeding up. Here are a few headlines that should provide some clues on how the situation is rapidly deteriorating:



Wall Street Loses Faith In Shale

Saudi Aramco’s Ghawar field produces 1.2mbpd less than expected

NEXT OIL DOMINO TO FALL? Mexico Becomes A Net Oil Importer

Fracked Shale Oil Wells Drying Up Faster than Predicted, Wall Street Journal Finds

THE BLOODBATH IN U.S. SHALE STOCKS CONTINUES: Worst Is Yet To Come

US Shale Companies Facing “Catastrophic Failure” over Ballooning Debt

EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line



As you can see, most of the articles are on the U.S. Shale Industry. We must remember, the majority of the increase in global oil production over the past decade (80+%) is due to ramping up of the U.S. shale oil and Canadian oil sands operations. U.S. shale oil production has surged by more than 7 million barrels per day (mbd) since 2008:

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