Silver is timeless!

As most of you know, I am a silver bug and have been for several years now. I try to encourage others to put some of their dollars into this precious metal as it is a better haven in my view for future purchasing power. I guess I have been a bit too outspoken on this and some other issues regarding the financial crisis that is facing the world and especially the United States.

One of my kids asked me to stop posting all this stuff regarding the financial chaos in the world, commodities and other political events. So instead, I will write my thoughts down in this blog so as not to offend my kids and their friends and some of my other friends who may not agree with my views. I was only trying to help educate and not imposing my views on anyone who did not wish to listen. But in keeping with a promise to my youngest, I will not post such things on facebook any longer.

The silver market the past few days has been extremely tumultuous! It is currently up a little at $45.88 an ounce. It had crashed down to just under 45 from hitting almost 50 on Monday morning. What a ride! It has been crazy but after seeing all that has been taking place and realizing how the dollar has been continually dropping, (currently dollar index from bloomberg is at 73.546 wow that is low!) I and many others can see how this is playing out.

Obviously some of the big boys were once again manipulating the silver market over the past few days. But it is already bouncing right back and just provides a nice place to purchase some more. As it is near the end of the month of April, I am assuming that there were some options or shorts that needed to cover.

We have been fortunate to have purchased a little over a few years so our cost basis is quite reasonable. Max Keiser has some of the most informative interviews regarding the financial mess and commodity market. I really wish he was able to have shows on in the US cable but guess he is not playing by the rules of TPTB. I also follow Clif High and George Ure of webbot fame. Although they are often off in their timing of events, many have come to pass quite accurately. The silver explosion is ne that I am hoping will come to fruition, but hopefully not with any major devastation to our dollar.

With the dollar approaching an all time low, I feel that the silver and gold markets are the strongest bet against a disaster that will occur when the dollar is no longer the reserve currency in the world. It is only a matter of time. Let's see what tomorrow brings. Good luck to all!

Silver is Golden

Silver today spiked over $22 but settled later in the day just under $22 at 21.87.
Gold was also up in early trading and is now over $1311.

This pricing was pushed down by lower unemployment numbers. Seems odd as the unemployment numbers do not include the people who have been pushed off the unemployment payroll or anyone who just gave up.

I am looking for things to escalate in the crashing of the currency just prior to the November tipping point as the webbots have predicted.

I am ready. Are you?

Prepping, surviving or thriving in economic chaos 2010

Prepping for quite a while already, just in case.

With the economy in shambles and dollar crashing while gold and silver soar, it is no longer "if", but "when", that we need to be prepared to handle.
So many of my favorite websites are all leaning in the same direction. By prepping, it helps control the turbulent times we are living in. Working to pay down debt, gathering necessity items, buying some precious metals, self defense, etc... You get the idea.

It is no longer craziness. The webbots are predicting a tipping point of greater magnitude than the 9-11 event. It is due from November 8 through November 11th of this year, 2010. I would be thrilled if these dates were to come and go, with no major event transpiring.

But, just in case, I am preparing. Are you?