We’ll be very short and sweet this week. We’re working on trying to finally get our Freeze Dried Emergency Food venture up and running, and so that has consumed a lot of our time this week.
Hopefully we’ll be able to share that with you before too much longer. Things always take longer than you expect it seems. We intend to add more emergency preparedness info and products to the site too. So let us know if you’ve got anything you’d like to see available.
Fingers crossed we can share some specific details of that in the next couple of weeks.
Luckily we have plenty of content on the site to keep your busy this week. Scroll down to where we have 2 videos and 3 articles. We’ll hear from the likes of Professor Fekete, Rick Rule, Chris Martenson and more on the “Colder War” from Marin Katusa.
Recommended Book: The Colder War
Speaking of Marin – we’re part way through his so far excellent new book released just 3 days ago. It’s called The Colder War.
It details the struggle between Vladimir Putin and the US to control the world’s energy trade—and more importantly, what it means for the future of the petrodollar, the bedrock of American might and prosperity.
Marin is one of the most successful and well-connected dealmakers in the energy and resource exploration sector. He stakes millions on knowing precisely how geopolitics influences energy projects, production, and pricing. His hedge funds have outperformed the TSXV Index by 600% over the past five years, and he’s raised over $1 billion in startup capital, traveling to over 100 countries in the process, including Russia, Ukraine, and Iraq.
Marin outlines just how close to winning Putin is and get a horrifying glimpse at his endgame… a shock to the global financial system that could absolutely crush the life savings of many average people.
We’ve seen quite a bit of volatility this week in gold. Last week it was at US$1143.30 this week US$1159.65. So up $16.35 or 1.43%.
However due to a stronger NZ dollar (78.62 today, versus 77.25 last week) the local NZD gold price is down $3 per oz or 0.2% from a week ago to NZ$1477
USD silver is up 32 cents or 2.08% to US$15.67. You can see in the lower half of the chart below the huge intra-day jump it took after touching US$15.
NZD silver is still around the NZ$20 mark. Up just 6 cents per oz or 0.3% to NZ$19.94.
Paper vs Physical
As David mentioned yesterday in our daily price alerts (sign up here if you are looking to buy and want to keep a close eye on prices), in a week of trading there have been around 64 plus million contracts traded. Each silver contract is 5000 ounces. This works out to 320 billion ounces of paper traded silver.
Out of the ground each year for investment purposes is around 250 million ounces; the other 500 million being used for industrial purposes; and the remaining 250 million comes in the form of scrap metal. So the paper markets last week just traded around 1280 years of investment supply which is mind boggling. Only a small portion of those 64 million contracts need to take delivery of the physical silver and game over.
We just read an excellent article from Bud Conrad which we’ll post during the week that outlined the numbers in the Comex gold futures market. It showed just how much control only 3 banks have in this market, hence likely why the price continues to fall in the face of what appears to be significant demand for physical gold.
Of course no one knows how long this can go on. But it can’t last forever. At some point someone, maybe a central bank that rhymes with Gusha or maybe another one that rhymes with Shina, may use the Comex as a means to take delivery of a bit of gold. It wouldn’t take much to overwhelm what are relatively small Comex inventories. According to Bud:
“Warehouse stocks registered for delivery on the Comex exchange have declined to only 870,000 ounces (8,700 contracts). Almost that much can be demanded in one month: 6,281 contracts were delivered in August.”
So getting some physical silver or gold before such a situation arises could be a smart move in our opinion.
Free Shipping Anywhere in NZ or Australia
On that note we have free shipping (via UPS fully insured) anywhere in New Zealand or Australia on 500 x 1oz Canadian Silver Maple coins.
The current price is $12140 and delivery is now about 7-10 business days.
If you prefer locally refined 99.9% silver the approximate cost for 5 x 1 kg (160.75oz) of silver delivered and insured today is around $3545. Delivery is around 8-12 days.
There is plenty of PAMP silver and gold in stock in the form of PAMP silver 1kg bars or gold 1oz bars.
Please give us a call or an email if you’d like a quote or have any questions.
You’ve no doubt heard the Bank of Japan announcement last week. If not, it was that they would increase their purchases of Japanese government bonds to 80 trillion yen (up from 60 – 70 trillion) and triple their purchases of stock funds to 3 trillion yen annually. This excellent article from Chris Martenson’s Peak Prosperity […]
See why there is a whole lot of “smoke and mirrors” going on when it comes to what the central bankers at the helm of the US say versus what they’ll likely actually do… Why Janet Yellen Needs Her Own Magic Show By Dennis Miller What do Siegfried and Roy have in common with Federal Reserve Chairman […]
We’re part way through what is a fascinating book – The Colder War – written by the author of the following article. This piece gives a good insight into some of the content covered in this book. These machinations are important to follow as it’s likely Russia and other members of the organisation discussed below, may […]
This is the 11th video (9 minutes long) from Professor Fekete in a series of 17 short videos. (Here are links to the previous videos: Prof. Antal Fekete: The Banking System – Episode 01/17 Prof. Antal Fekete: Money creation – Episode 03/17 Prof. Antal Fekete: The Ignored Anniversary – Episode 04/17 […]
In this 22 minute video we have Tekoa Da Silva interview Rick Rule who covers: * What does capitulation mean in the gold market place? * Why you have to be a contrarian to make money. * What is the biggest risk in investing? * What would be the best possible outcome in the resource […]
We are not financial advisors, accountants or lawyers. Any information we provide is not intended as investment or financial advice. It is merely information based upon our own experiences. The information we discuss is of a general nature and should merely be used as a place to start your own research and you definitely should conduct your own due diligence. You should seek professional investment or financial advice before making any decisions.