INFOGRAPHIC: The Silver Squeeze

Despite ‘crashes’ in the market, the demand for physical silver continues to rise. “Buyers are already outpacing sellers by a stunning 50-to-1 ratio. We are seeing the beginning of shortages; but this will only accelerate if Western governments continue with this raid on paper gold and silver.”

via Visualizing The Silver Squeeze | Zero Hedge

INFOGRAPHIC: The Silver Squeeze : The Austrian Insider.

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Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin. And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate. So what happens when their physical gold is gone but they still have lots and lots of people with legal claims to gold? When that moment arrives, it will represent the end of the paper gold scam. Many believe that the recent takedown of the price of paper gold was a desperate attempt by the bankers to put off that day of reckoning, but it appears to have greatly backfired on them. Instead of cooling off demand for precious metals, it has unleashed a massive “gold rush” all over the globe. Meanwhile, word has been spreading among wealthy families in both North America and Europe that they had better grab their physical gold out of the banks while they still can. This is creating havoc in the financial community, and at least one major international bank has already declared that it will only be settling those accounts in cash from now on. The paper gold scam is starting to unravel, and by the time this is all over it is going to be a complete and total nightmare for global financial markets.

For years it has been widely known that the promises that banks have made regarding their gold far exceed their actual ability to deliver, but we have never reached a moment of such crisis before.

Posted below are quotes from people that know precious metals far better than I do. What these experts are saying is more than a little bit disturbing… via Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?

Arizona lawmakers pass bill making silver, gold legal tender

The Arizona Senate on Tuesday approved a measure to make gold and silver legal currency in the state, in a response to what backers said was a lack of confidence in the international monetary system.

The legislation cleared the Republican-controlled Senate by an 18-10 vote after being approved by the state House earlier this month. It now goes to Republican Governor Jan Brewer, who has not indicated if she will sign it into law or veto it.

The bill calls for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014, joining existing U.S. currency issued by the federal government.

If signed into law, Arizona would become the second state in the nation to establish these precious metals as legal tender. Utah approved such legislation in 2011… via Arizona lawmakers pass bill making silver, gold legal tender – Yahoo! News

The Secret World Of Gold

In a wide-ranging look at the history and present of the barbarous relic, CBC’s Brian McKenna and Ann-Marie MacDonald have gathered many perspectives (pro and con) on gold. The following documentary moves from historical shipwrecks to Nazi ‘death gold’ and England’s war chest to recent years where widespread economic uncertainty has given the yellow metal a “new lustre in the world of high finance.” Valued for its permanence, beauty and scarcity, people will lie, cheat, steal and kill in the name of gold; and the clip provides color on many of the market manipulations of the last few years. As MacDonald says, whether it’s a few gold coins or gold bars stored in one of the many vaults around the world, many investors are taking a shine to gold. But there’s not a lot of it. It is said that, even melted down, there would not be enough to fill an Olympic swimming pool. Some claim that much of the gold held by the Bank of Canada, the Bank of England, the Federal Reserve and Fort Knox is gone – that for every 100 ounces of gold traded, there exists only one ounce of real, physical gold. So, where is the gold – and who really owns it?

via The Secret World Of Gold | Zero Hedge

 

Arizona could soon approve gold, silver as legal tender

Arizona could soon become the second U.S. state to recognize gold and silver as legal tender if the Arizona House approves SB 1439.

The bill has already won the approval of Arizona’s State Senate and the Arizona House Financial Institutions Committee which voted the legislation out of committee on a 4-2 vote Monday. The measure now goes to a vote of the Arizona House.

Thus far, only the State of Utah has officially recognized gold and silver as legal tender, although the issue has been under consideration this year in four states including Arizona. The Arizona bill defines legal tender as a mode of paying debts and taxes… via Arizona could soon approve gold, silver as legal tender – POLITICAL ECONOMY – Mineweb.com Mineweb

Why Own Gold? – Top 10 Reasons

Check out our top 10 reasons to own gold and learn why now more than ever, gold ownership is on the rise….

via Why Own Gold? – Top 10 Reasons | GoldSilver.com

Eric Sprott Interview: Silver is Suppressed or it Would be $150 an Ounce! [Video]

Eric Sprott has $10 billion under management, and it’s no secret Mr. Sprott is a long term bull on physical gold and silver. He says, “I can make a compelling case the price has been suppressed.” If it wasn’t, Sprott says, “Gold would be $2,500, and if the ratio was 15 to 1, the price of silver would be $150 an ounce.” Mr. Sprott also says, “The economy is already taking a cliff dive and that is before we hit the cliff. . . . It’s hard to imagine anyone being optimistic going forward here.” If there is war in the Middle East, Sprott says, “Oil would go crazy, gold would go crazy, anything physically real would be in demand.” Greg Hunter goes One-on-One with Eric Sprott of Sprott Asset Management.

[youtube http://www.youtube.com/watch?v=8gqOBE6CsNU&feature=plcp]
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