Gold Breaks Records...Silver Breaks Banks
Gold has continued on its decade long bull run and although it has shattered all previous records it continues to be the asset of LAST choice by the majority of investors. For those of you who think gold is "in a bubble" I will challenge you to find 5 people you know who have ANY REAL GOLD that they hold as an investment. I do not mean paper shares of phantom ETF gold bars (like in GLD)…I mean the real thing. Physical ounces of gold in their safe deposit boxes or tucked away in shoe boxes in the back of their closets. Let me save you time… they are VERY hard to find!
Back in the "Dot-Com Bubble" days almost every person I knew had a great tip on what dot-com stock was going to shoot to the moon. Everybody and their mother who played in the dot-com space was GOING TO GET RICH and EVERYBODY was an expert! We all know what happened then. In the "Housing Bubble" the TV was filled with hit shows with names like "How to Flip a House" and "Buying Houses With No Money Down". I knew people buying rows of condos with no money down ready to flip them and do it all over again. Again, the bubble burst but this time it took down not only the buyers but the entire global financial system (or soon will).
In both scenarios the popular trend was to get involved with both feet and people did. But both were based off faulty fundamentals. Dot-com start-ups with no profit potential until the world buys into their "business model" were valued in the $Billions. Free money from the banks provided the fuel for the housing bubble while they sold off the risk to dumb money and did it all over again. Poor fundamentals and massive buy-in were the keys to the bubbles forming and popping.
Currently, the fundamentals for gold ownership have never been stronger with governments around the world printing money faster than ever to save the imploding economic system. Gold is rising due to REAL fundamentals and the reasons for owning gold have not been better in...well in the HISTORY OF MONEY! Think about that. Gold is NOT in a bubble. It doesn't look like a bubble, it doesn't smell like a bubble and it won't pop like a bubble. It's not even the beginnings of a bubble. We have a situation where most people DON'T EVEN KNOW HOW TO BUY PHYSICAL GOLD much less get their heads around why gold is good. How anyone in their right mind could say that gold is in a "bubble" is beyond me. When my neighbor explains to me the differences between investing in Hungarian 100 Coronas and 1 oz Australian Kangaroos, then I will start to wonder if gold is in a bubble. Until then I'll enjoy the ride.
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Gold just hit $1,250/oz which is just another record on this long journey. So after writing all this about gold not being in a bubble you must be thinking that I am holding on to my gold with an iron fist…
NOPE! I just sold another chuck of my physical gold holdings…AND BOUGHT SILVER!
EVERYTHING I wrote about gold is true for silver as well except one very special fact that is rarely discussed in the mainstream news…
…SILVER IS TRADING 65% BELOW ITS HISTORICAL HIGH WHILE GOLD IS TRADING AT 50% ABOVE ITS HISTORICAL HIGH!
You couldn't make this up if you tried!
I have documented the pros of owning silver vs. gold many times with this article being my most popular:
Melt The Witch…Swap All Your Gold for Silver!
//www.roadtoroota.com/public/136.cfm
What I'd like to add now is a peak into the VERY NEAR future of silver.
The Road to Roota Theory shows how there is a group of people working to take down the banking cabal that has ruled our monetary lives for over 100 years.
//www.roadtoroota.com/public/190.cfm
Now, almost all of the pieces are in place and we will soon watch the destruction of the banking cabal. The question that remains is "How will they do it?" Will it be the failure of the European Union? The bankruptcy of individual States within the US? The failure of Fannie Mae and Freddy Mac? Will it be the sudden realization that the United States of America is the LARGEST DEBTOR NATION IN THE WORLD BY FAR?
http://en.wikipedia.org/wiki/List_of_countries_by_external_debt
It may be all of the above but one singular event could END the Banking Cabal forever...THE END OF SILVER MANIPULATION!
Have you asked yourself why the CFTC and FBI have held off on charging JP Morgan with Silver market manipulation when it is so blatant? They have proof, they have whistle blowers and they have rock solid trading evidence but they have yet to file the charges. What will happen to the price of silver when the cat is out of the bag? What will happen to JP Morgan's naked short position? What will happen to the $600 Trillion + derivative complex if JP Morgan crashes?
The FINAL "weapon of mass banker destruction" will likely be the END of the long term price manipulation of SILVER. This manipulation has been going on since before the United States declared its Independence but it kicked into overdrive with the invention of computer trading in the 1970's. Today, the "Silver Short Hot Potato" resides at JP Morgan who also happens to have the largest derivative exposure of any bank with over $70 TRILLION in notional derivatives (and likely many more in "Special Purpose Entities").
The silver price blast-off will set in motion a series of derivative counter party defaults so destructive that no bank or financial institution will be left standing.
The head of the Banking Cabal snake is locked in the guillotine with the SILVER blade poised to administer the final bankster decapitation.
This was ALWAYS the END GAME for the Good Guys.
Are you ready?
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May the Road you choose be the Right Road.
Bix Weir
