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November 19th, 2010

Got Silver? Now is the Time for Every Patriot to Get Some

Silver: Still The Investment Of A Lifetime

By Giordano Bruno

Neithercorp Press –
11/12/2010

Silver is the common man’s currency. It always
has been, and it always will be. While gold holds its place in history as the
great stabilizer of economies and the shield against hyperinflation, its shine
and its safety should not distract us from its brother, silver, whose uses are
numerous and whose value is often more attainable for those seeking a solid
investment outside of precarious paper securities.

Gold’s unprecedented upsurge in price the past
year alone is now becoming the stuff of legend, and it is also something we at
Neithercorp have been predicting for a while now:

http://neithercorp.us/npress/?p=184

http://neithercorp.us/npress/?p=579

The mainstream
media attacks on precious metals were so extreme last year that they began to
border on the bizarre. The “cult of fiat” was relentless in their attempts to
slander gold investors and it seemed as though no matter how well the yellow
stuff did, or how dismal the dollar’s performance was, they would never get
tired of the disinformation game. Fast forward a year later, however, and they
have been utterly silenced. What a difference twelve short months can make…

As I write this, gold is holding after a
spectacular drive at around $1390, which is in line with my prediction of $1350
to $1450 by winter 2010, and on track to meet my prediction of $1500 by the
beginning of next year. We’ll have to wait and see, but what seemed absolutely
out of reach during this summer is now looking rather simple to achieve today.
Of course, silver has been a bit harder to put a finger on, and there are many
unfortunate reasons for this.

The silver market was wholly dominated for at
least two decades by only a few corporate banks, but primarily through the
infamous JP Morgan and the HSBC. Using coordinated naked short selling and
massive amounts of capital, they have been able to knock silver down every time
its value fell below a certain ratio to gold; usually 60:1. Only recently has
that ratio moved slightly closer to the true wealth of silver. The historical
average ranges between 16-33 ounces of silver for every ounce of gold.

These banks have also been issuing paper silver
securities, usually in the form of ETF’s, which have no REAL silver backing
them. These securities give investors the illusion that there is too much silver
on the market, and not enough buyers. This causes devaluation in the metal.

Gold has suffered from the same manipulation in
the past, but the silver market is even more tightly controlled, at least, until
this year…

In November of 2009, a metals trader in London by
the name of Andrew Maguire contacted the CFTC with inside information that JP
Morgan Chase Bank was deliberately interfering with the silver market on an
enormous scale. He not only told the CFTC how the bankers were doing it, he
PREDICTED when they would do it again! Maguire gave two days advanced warning
that JP Morgan would attack silver on Feb 5, 2010. The market played out exactly
as he said it would:

http://www.gata.org/node/8466

The bankers were now caught red handed. The
market could only go up from there….

Indeed, silver is now holding at around $27 an
ounce, up from less than $10 an ounce two years ago, closing in on a 300% gain.
If you bought silver in 2008 as I did, then you’ve made out incredibly well in a
very minimal time span. But what about people who were afraid to dive into the
market back then, or who just weren’t aware of silver as an investment at all?
Have they missed out? Is the $30 mark as good as it gets? I believe that silver
still has a long way to go before it peaks, and room yet for millions of new
buyers who are in need of a safe haven against the imploding dollar but don’t
have the finances to purchase gold. Here’s why…

Bank Fraud Exposure Hitting
Mainstream

The Andrew Maguire incident was just the
beginning and the event acted as a springboard. Both JP Morgan and HSBC are now
under investigation for silver manipulation pending a lawsuit filed in New York.
The suit accuses the banks of using their 85% commercial net short position in
the silver market to control its value on the COMEX:

http://www.benzinga.com/news/10/11/579017/jp-morgan-chase-hsbc-face-charges-in-manipulating-the-market

CFTC Commissioner Bart Chilton has announced his
belief that there is, in fact, manipulation of the silver market. In his
statement he said:

“I believe that there have been repeated attempts
to influence prices in the silver markets. There have been fraudulent efforts to
persuade and deviously control that price. Based on what I have been told by
members of the public, and reviewed in publicly available documents, I believe
violations to the Commodity Exchange Act (CEA) have taken place in silver
markets and that any such violation of the law in this regard should be
prosecuted.”

http://www.cftc.gov/PressRoom/SpeechesTestimony/chiltonstatement102610.html

This is an extremely rare admission by the CFTC,
which has for many years ignored all complaints and evidence pointing to bank
interference in precious metals.

The Department of Justice has also launched a
parallel probe into criminal wrongdoing on the part of JP Morgan (though I doubt
much good will come out of the DOJ):

http://www.nypost.com/p/news/business/feds_probing_jpmorgan_trades_in_gZzMvWBqOJpB55M7Rh9vwM

The bottom line is that the corruption in silver
trade has been brought into the light of day, which means banks will have to, at
the very least, back away from their activities to a point, which will allow
PM’s to grow according to free market fundamentals, instead of global banking
whims. This explains why silver has jumped to $27 an ounce so quickly, but it
also signals the possibility of even greater gains in the near future,
especially in light of QE2 and the weakening dollar.

To continue reading full article click here

Note from Stewart
Rhodes

As Giordano said in
his article, it is certainly critical that we have the core physical necessities
in order, but we also need to have sound money in hand.  A free people, if
they are to remain free and independent, must have food security ( or
“sustenance security” since we also need shelter, fuel, medicine, etc), physical
security (defense from theft and violence), and also financial security.
You need all three.  With silver fluctuating between $25.00 and $28.00 an
ounce, it  is still affordable.  Think of how much you spend on just
one dinner out, one evening with friends having beers while watching a game, or
even one trip through a fast food drive-through.  Even if on a very tight
budget, we can all buy at least a few coins, such as the one ounce silver
American Eagle, the silver Canadian Maple Leaf, or other silver coins from
national mints or private mints.  Or a few of the pre-65 American dimes,
quarters, or half dollars which were 90% silver.  Any of those can be
bought anonymously at local coin shops for a few dollars over the spot price of
silver.

We should all face the fact that our dollar is
heading for a crash, and we should prepare for that by making sure we have food
security (some food storage), physical security (ways to protect ourselves, our
families, and our neighborhoods, towns, and counties), and economic
security.   Time to get some silver in your hands, in whatever form
and through whatever source you think best.   If you work each day to
improve just a little on each of those three core areas of preparation and
independence, including exchanging fiat money for real money, we will be a
stronger people who are better able to weather the coming storm.  Get
busy!

Stewart Rhodes

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Posted in All, Articles | 4
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4 Responses to “Got Silver? Now is the Time for Every Patriot to
Get Some”

1
Cpl. Says:
November 19th, 2010
at 2:46 pm

Good straight forward info. Not a lot out there now days.
Thanks Oath
Keepers

2
John Ickes Says:

November 19th, 2010
at 4:05 pm

I read over 100 pages of global financial news weekly. The worlds fiat
currencies are all in trouble as they approach the average 75 year life span
of these financial instruments. ETF’s, mining stocks and other forms of paper
denominated precious metals are fine for normal times but these are anything
but normal times. Owning physical silver or gold is insurance against being
left empty handed. For the first time, central banks around the world are net
buyers of precious metals. Recently the president of the World Bank suggested
a linkage in a global currency to gold. Countries around the world are all
hoarding gold for one reason, they currently don’t trust any fiat currency now
or for the foreseeable future.
Thank you Oath Keepers for presenting this
valuable information to us, your members.

3
sue
Says:
November 19th, 2010
at 5:53 pm

Max Keiser is suggesting that everyone purchase at least 1 ounce of silver
in order to cause an unpleasant predicament for JP Morgan. They have sold
silver contracts that don’t exist. They engage in naked short selling. This is
a form of counterfeiting.” The point of the ‘Crash JP Morgan Buy Silver’
campaign is to force JP Morgan to cover its negative bets. “There’s no way
they can cover their liabilities if we all buy 1 silver coin and demand
physical delivery,” says Keiser.

——————————————————————————–

4
Wolfman Says:
November 19th, 2010
at 9:41 pm

How do we buy Silver and Gold and do have to pay tax on it ?

Thank you, The Wolfman

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