rocketGold has broken the gates down with the British Exit vote, pushing its price over the tough stubborn $1300 resistance line. In the following days it has been adding to its gains. But Silver has emerged amidst the political smoke and deceptive din to ride hard through the gate.
Silver is on a RAMPAGE, and has begun to make the news headlines.
Silver has chosen July Fourth as the day to declare INDEPENDENCE from fiat paper money.
The spot prices scream loud. The Silver breakout will be one to behold in the history books.
Silver has broken the shackles of the vile banker cabal. Silver has begun its historic run-up.

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LIVE and Historical Market Data, Charts, and PM Prices:

silver chart

 

 

 

 

 

 

 

 

 

 

By Jim Willie, Golden Jackass:

The spot prices scream loud. The Silver breakout will be one to behold in the history books. Silver has broken the shackles of the vile banker cabal. Silver has begun its historic run-up. Silver will capture the world’s attention. The equivalent of the 1980 Hunt Brothers breakout in today’s terms would be $200 per oz. The fundamentals for Silver look better than almost every commodity on earth. Silver has declared independence from the control rooms and their paper gimmicks. The Silver imbalance is monstrous.

Gold has broken the gates down with the British Exit vote, pushing its price over the tough stubborn $1300 resistance line. In the following days it has been adding to its gains. But Silver has emerged amidst the political smoke and deceptive din to ride hard through the gate. Silver is on a rampage, and has begun to make the news headlines. Silver has chosen July Fourth as the day to declare INDEPENDENCE from fiat paper money. Silver will be part of the new monetary system and trade payment system. The Jackass has advocated that Silver be 80% of investment portfolio, with Gold at 20%. The silver proof will be easy to see.

 

 

MASSIVE BREAKOUT AT THE 18 LINE

The initial breakout occurred with Gold surpassing the $1300 resistance mark after the British Exit vote in favor of leaving the European Union. It is increasingly recognized as a fascist dictatorship. The second thrust was with Silver surpassing its $18 resistance mark a few days later, when the big contract holders stood for delivery at the COMEX, a giant crime center. The range between 19.0 and 22.5 might not hold for very long. Do not expect much resistance at the 22-23 level, not given the current crisis circumstances. Plenty of washed out positions occurred in late 2013 and the several early months of 2014, which is a long time ago. The Cup & Handle reversal pattern is plain as day, with an 18 top and a 13 bottom, thus a 5-point potential upon breakout. The target at 23 will be easily reached, not in weeks but rather in days. It might take several days or a couple weeks to reach. The stochastic cycle indicator is powerfully positive. Sentiment is exceedingly strong. The monetary crisis is in full bore. Central bankers are viewed as the problem, not the source of solution. The true solution is the newly imposed Gold Standard, in which Silver will participate in a monetary role. The bigger Cup & Handle reversal pattern shows a 35 neckline. With the same 13 bottom, the indicated potential is 22 points, which produces a target of Silver $57 price. It could happen next year, or possibly sooner. Any announcement on international USDollar contract conversion into Gold terms could produce a massive non-linear upward dislocation in price, for both Gold and Silver.

 

willie

The monetary crisis is in full swing. What remains is its powerful wrecking ball within the USEconomy and Global Economy in a climax phase. The USFed Quantitative Easing has wrecked capital in gigantic effect, from four years of application. Save the big banks, while ruining the capital base of the economies. The price weapon is on the verge of being unleashed, in a manner never witnessed before in the US centers.

Price inflation is ready to be imported back to the United States after three decades of its export. The monetary crisis will bring about a new US Scheiss Dollar with a purely domestic role, its instant and repeated devaluation, strong price inflation from imports, followed by a call to arms to reduce the $500 billion trade deficit for the United States. Next comes investment by foreign entities, upon open invitation, then commercial colonization.

The USDollar is dying, its head cut off by the Golden Sword and Silver Spike, the USEconomy put into the chopping block by highly destructive monetary policy and political influence. The banker elite killed the system.

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SILVER PROOF FACTORS

Many are the factors pushing up the Silver price. The fundamentals and sentiment are perfect for a bull run perhaps 10-fold in the next two to three years or more. The factors are numerous, diverse, convincing, and powerful. The monetary system is destroyed, while the banking system has been wrecked. No faith exists anymore with the stewards of money. Their supposed solutions are contributing to ruin. The following are over-arching factors driving up the precious metals, which are money:

 

  • Official USFed (and other central bank) monetary policy has been a dismal failure
  • Official USDollar monetary supply dictates Gold & Silver prices at least 5-fold higher
  • Rescues of banks with easy money will continue forever, to treat intractable insolvency
  • Banking system will re-capitalize using Gold bullion as reserve asset
  • The USGovt and European Union Commission have been revealed as fascist dictators
  • Another round of QE to Infinity is at the door, waiting for announcement
  • Cracks are showing in the USTreasury Bond market after the fake rate hike
  • Negative rates push investment funds into precious metals, not business lending
  • Threat of bank account bail-in pushes working funds more into precious metals
  • Money market shifts within financial firms hint of Special USTreasury Bond arrival
  • The USGovt suffered a hidden debt default a few months ago
  • War by the USGovt to defend the USDollar has failed, and unmasked evil motive
  • An end must come to money counterfeit by Langley and certain camps.

 

An over-weight in Silver versus Gold in investment strategy makes perfect sense. The central banks own huge vaults of gold bullion but no silver bullion. Thus on supply side, Silver wins. The industrial demand for silver is massive and growing in uses, but not for gold. Thus on the demand side, Silver wins. The following are powerful factors related to Silver, driving up the Silver price:

 

  • Massive contracts are standing for Delivery at the COMEX (like 530 moz), volumes not seen in many years, as buyers are not rolling into future month contracts
  • Shanghai demand for Silver in June was 4265 tons, up from 3250 tons in June 2015 and way up from 1850 tons in June 2014
  • COMEX warehouse is down to less than 22 million oz (moz) silver, whereas a year ago it was in the 60 moz range
  • Total Silver coin demand is six times greater than pre-Lehman, and 50% greater than during the Lehman crisis in 2008
  • A 34 million oz deficit coin demand from US & Canada, over mine output, has underscored the shortage, without any consideration of industrial demand
  • Silver scrap supply is down 44% since 2011, an important supply component
  • A 42-to-1 ratio of paper silver claims per physical ounce has emphasized the corruption in the COMEX price mechanisms toward price suppression
  • Huge demand from Silver powder in solar panel construction, with Japan the leading powder supplier and with China the leading producer
  • Indications that China is stockpiling Silver, and might have hired JPMorgan as broker in order to conduct the accumulation
  • Mine shutdowns have hampered silver output, due to suppressed price and lower profit potential
  • Chronic economic recession has reduced industrial metal demand, thus shutting down some mines that have By-product Silver output, thus further reducing its supply.

 

Silver Rounds SD Bullion

BIG NEW DEVELOPMENT ON GLOBAL FRONT

THE CHINESE FINANCE OFFICIALS AND THE BASEL-BASED BANK FOR INTERNATIONAL SETTLEMENTS ARE NEGOTIATING A GLOBAL REFORM OF ALL BILATERAL CONTRACTS. THEY STRIVE TO ALTER USDOLLAR-BASED CONTRACTS, AND CHANGE THE CONTRACT TERMS TO GOLD SETTLEMENT. THEY ARE WORKING ON A GLOBAL CONTRACT AT THE $5000 GOLD PRICE IN CONTRACT CONVERSION. CHINA REPRESENTS EASTERN INTERESTS, WHILE BASEL REPRESENTS WESTERN INTERESTS. It is not yet clear what will happen to commodity price mechanisms.

 

If and when the global contract reform is completed, all bilateral contracts will be shifted into Gold settlement, no longer USD settlement. The result will be the USGovt is then made free to launch a domestic-only new USDollar, called disrespectfully the New Scheiss Dollar by the Jacksass for the last two years. It will resemble a Third World currency, and be subjected to a sequence of devaluations. A $500 billion trade deficit will require several years to overcome. If reduced by 50% in five or six years, it will be a miracle. The $1 trillion federal deficit has a different solution in mind. The USGovt plans to commandeer pension funds, forcing investment in the Special USTreasury Bond. It will not be a confiscation, but rather forced conversion with all the disadvantages of currency devaluation that come.

 

NEW SCHEISS DOLLAR & GOLD TRADE STANDARD

In time, expect an eventual refusal by Eastern producing nations to accept USTreasury Bills in payment for trade. The IMF reversal decision assures this USTBill blockade in time, and might accelerate the timetable. The United States Govt cannot continue on five glaring fronts of gross negligence and major violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time take steps toward the return of the Gold Standard. The violations are:

1) to import finished goods and crude commodities, paying with IOU coupons

2) to commit multi-$trillion bond fraud in its big banks, done without legal prosecution

3) to do QE bond purchases in applied hyper monetary inflation, monetizing debt

4) to rig all major financial markets in favor of the primal USDollar

5) to engage in numerous regional wars to support the USDollar.

 

The New Scheiss Dollar will arrive in order to assure continued import supply to the USEconomy. It will be given a 30% devaluation out of the gate, then many more devaluations of similar variety. The New Dollar will fail all foreign and Eastern scrutiny. The USGovt will be forced to react to USTBill rejection at the ports. The US must accommodate with the New Scheiss Dollar in order to assure import supply, and to alleviate the many stalemates to come. The United States finds itself on the slippery slope that leads to the Third World, a Jackass forecast that has been presented since Lehman fell (better described as killed by JPM and GSax). The only apparent alternative is for the United States Govt to lease a large amount of gold bullion (like 10,000 tons) from China in order to properly launch a gold-backed currency. Doing so would open the gates for a generation of commercial colonization, but actual progress in returning capitalism to the United States. The cost would be supply shortages to the USEconomy, a result of enormous export increases to China.

 

The colonization has already begun, with secret deals galore. It is very unclear what deals are being struck in order to arrange for the USGovt to have a proper gold reserve hoard, for backing a new legitimate USDollar. Meetings at very high level are in progress, with little if any popular representation, only elite members present. Failure to produce a legitimate bonafide gold-backed currency would mean the United States must proceed with the New Scheiss Dollar, an illegitimate fake phony farce of a currency. It would be subjected to a series of devaluations. The result would be heavy powerful painful price inflation from the import front. The effect would be to reverse a generation of exported inflation by the United States. The entire USEconomy would go into a downward spiral with higher prices, supply shortages, and social disorder. However, the rising prices would come from the currency crisis, and not so much from the hyper monetary inflation. That flood of $trillions has been effectively firewalled off.

 

As Ron Paul has stated, one cannot blame capitalism for the current failure, since we have had almost none! He can take credit for the independent audit conducted on the US Federal Reserve itself in 2009. From the audit, it was learned that $23 trillion in near zero cost loans were granted to the USFed owners, by the banker cabal to itself. The US population remains largely asleep and steeped in ignorance on the entire financial crime scenes. They must prepare with reduced paper wealth held as assets, and more Gold & Silver bars & coins held instead as assets. The reckoning has begun.

2016 Silver Eagles Sale

The Gold price will find its true value and price over $10,000 per ounce. The Silver price will find its true value and price over $300 per ounce. In reaching these levels, the ratio will return to the 30-1 range. Several steps have been laid out by the Hat Trick Letter toward the return of proper price to precious metals. The major upcoming events will be exciting to watch unfold, one after the other, in an inevitable sequence away from fascism and concentrated uni-polar power, with a strong movement toward freedom and equitable systems with distributed power. The steps will each involve a quantum jump in the Gold & Silver prices. The process will take a few years, but might be breath-taking in speed once the process is begun. The steps involve:

 

  • the critical mass of rejected USTBills in trade settlement, citing its corrupt roots and illicit monetary policy as foundation
  • the return to the Gold Trade Standard and introduction of Gold Trade Notes as letters of credit, in replacement for a fair tangible payment system (no more IOU coupons)
  • the recapitalization of the global banking system with Gold as primary reserve asset, so as to relieve the grotesque stagnation, insolvency, and dysfunction
  • the seeking of equilibrium in Supply vs Demand in the new fair uninhibited market, with exclusive control removed from London and New York, and placed elsewhere like in Shanghai, Hong Kong, Dubai, and Singapore.
  • the seeding of BRICS gold & silver backed currencies from participating nations within the Alliance (likely several with slight variation in features)
  • the re-opening of the gold mine industry with some blue sky, and relief from the Evergreen element at Barrick
  • the remedy toward owners of over 40,000 tons of rehypothecated and stolen gold in bullion banks across the world (primarily in Switzerland.

 

HAT TRICK LETTER PROFITS IN THE CURRENT CRISIS.

“As a Golden Jackass subscriber, I greatly enjoy listening to your interviews because it really lends a sense of passion that lies behind the tremendous body of information and formulation that goes into your monthly research. Though I must admit, it scares the hell out of me most of the time. Still, I will not miss it for the world. I feel that having a truly objective insight from your research, in depth analysis, and accurate forecasts gives me and my family an important life saving advantage. And I mean that sincerely.”

   (MichaelS in Ontario)

“I have continued my loyal patronage of your excellent commentaries not so much because of my total agreement with your viewpoints, but because you have proven yourself to be correct so often over the years. When you are wrong, you have publicly admitted it. You are, I suppose by nature, an outspoken and irreverent spokesman for TRUTH against power, which differentiates you from almost all other pundits on world affairs.”

   (PaulR in Hawaii)

“For over five years I have been eagerly assimilating any and all free information (articles, interviews, etc) that Jim Willie puts out there. Just recently I finally took the plunge and became a paid subscriber. I regret not doing this much sooner, as my expectations were blown away with the vast amount of sourced information, analysis tied together, and logical forecasts contained in each report.”

   (JosephM in South Carolina)

“Jim Willie is a gift to our age who is the only clear voice sounding the alarm of the extreme financial crisis facing the Western nations. He has unique skills of unbiased analysis with synthesis of information from his valuable sources. Since 2007, he has made over 17 correct forecast calls, each at least a year ahead of time. If you read his work or listen to his interviews, you will see what has been happening, know what to expect, and know what to do.”

   (Charles in New Mexico)

“A Paradigm change is occurring for sure. Your reports and analysis are historic documents, allowing future generations to have an accurate account of what and why things went wrong so badly. There is no other written account that strings things along on the timeline, as your writings do. I share them with a handful of incredibly influential people whose decisions are greatly impacted by having the information in the Jackass format. The system is coming apart on such a mega scale that it is difficult to wrap one’s head around where all this will end. But then, the universe strives for equilibrium and all will eventually balance out.”

   (The Voice, a European gold trader source)

 

Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics. His career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Visit his free website to find articles from topflight authors at  www.GoldenJackass.com. For personal questions about subscriptions, contact him at  [email protected]

 

  1. I sure hope the hyperbolic soothsayers don’t jinx us. Either way This has been refreshing. As a guy who started stacking in may of 2011, watching the value of my stack go up is a new phenomenon.

     

    I’ve said for years that we’ll be right, it’s just a matter of when. The cartel may be losing grip, but as I stated before they’ve not yet started playing margin games.

    • But their moves don’t exist in a vacuum.  The tools they use to suppress have other effects as well.  It’s not game over yet.  But it’s moving in that direction.

    • CDL snap.

      Started my Silver stacking in 2011 also [but Gold around 2009] Now hold as JW suggests a 75/25 Silver to Gold physical ratio with a recent handful of junior miners thrown in for good measure. So I totally relate to what you are saying in that I too have only ever experienced the dollar price [or GBP] value of my Silver holdings going in one direction….down.

      The hardest part is going to be knowing when to sell and move into what? I have my eye on a very luxurious condo in Thailand so if my stack reaches double the value of that property I’ll probably sell 50% and let the other 50% roll. I’m not getting any younger and I think after 5 years of torture we will deserve some special treats soon.

      Good luck.

       

    • From what I have read, the reason they can’t use the margin card is because it would crush the highly shorted cartel. Instead, the dealers are now trying to raise their margins without the same effect. Once the inventories run out they will be screwed anyway.

  2. A couple of thoughts come to mind at this juncture and this article gives a place to note them

    On Dave Kransler’s IRD page he did a 17 minute interview on SGT about a letter from Paychex pension plan administrators.  This letter stated that going forward Paychex pension plan MMAs would invest ONLY in government paper, meaning US treasury debt and probably Ginny and Fannie paper.

    This speaks to the real fear that the US debt will not be bought by others and redemptions are taxing the system, thus forcing the government to force the administrators of pension plans, brokerages and other MMA investment firms to move to solely to government paper.  A corollary to that is these MMAs also invest in private and public obligations. If the $5-10 trillion in MMAs deinvest from anything but government paper, these other investments will have near zero market for their paper and that could be very damaging to the interests of those entities.

    This is a stealth confiscation without calling it a confiscation. Penalties, fees, floating values, gating of withdrawals and even complete shutdown of redemptions if market conditions are really bad tells me this is the tip of the iceberg that I started writing about 4 years ago.

    A blatant confiscation would not be tolerated. A back door confiscation would barely be noticed by the average investor unless they knew what “Breaking the Buck, gating and restrictions on withdrawals means to their vital financial interests.

    If you have a bank account you have FDIC insurance—not that it would be worth much in the event of a trillion dollar bank failure. MMAs and the like have SIPC insurance up to $500,000 but would offer no better protection IMO

    With that in mind I ran the numbers on the 2 major silver peaks and lows since 1980 Here are those 4 periods with corresponding prices.

    January 18, 1980     Silver $49.45 an ounce

    February 25 1991    Silver $3.45 an ounce

    April 25 2011           Silver $49.80 an ounces

    December 14 2015  Silver $13.65 an ounce

    It makes me wonder what we can make of this 31 year cup and 4 year handle.

    Silver dropped very quickly from its peak in 1980 but slowly bottoming 11 years later.  Silver took 4 years to bottom from its peak in 2011.  Silver’s 2015 price low was 300% higher than its bottom  of $3.45 in 1991

    Silver took almost 10 years to go from $1 an ounce in 1970 to its peak in 1980.   It took 20 years from bottom to top in the last rise and 4 years to ebb to its low in 2015  The price difference between the two peaks was pennies; barely 1% and with no inflation adjustment over that 31 year span.

    The price difference between the two bottoms was very large,  nearly two orders of magnitude larger, and far greater than the inflation between these two low points.   As a side note, if  silver was revalued at its peak in 2011 vs 1980 peak, based on nominal inflation over that period,  it would have been $150 an ounce instead of $50.

    It strikes me as strange that the  difference in the two bottoms are reflective of a 300%  difference  in 24 years while price peaks are only 1%  apart over 31 years

    This is damn strange but it does lead me to think that if the $13.65 bottom of 2015 is a platform for the next rise and it’s 300% greater than the $3.45 price bottom of the prior decade, the ultimate peak could be 300% greater than April 2011. That equates to $200 silver.  Will that happen?  Beats me and I won’t touch that prediction with a 10 foot pole.

    In reality this is just one of a dozen ways to spin the silver price turd.  But, and here is where the dots could connect.

    If people see their MMA and bank accounts as FIAT rat holes; their DDA and MMA as  gigantic pools of funds that could be cracked open but governments bent on wanton destruction of our capital, those who wake up first get the best deal.

    We, as a nation, are not broke. There’s $20 trillion in retirement accounts and $10 trillion in M2.  That is some serious dry powder

    Given a little advance warning, we, the aware people of the world, are buying silver and gold hand over fist, knowing that our FIAT and paper is not safe.

    The old saying of the first horses out of the barn get burnt least could prevail here

    $20 silver might be the bargain of a life time if for no other reason than every other asset class is either unsafe from predatory hands, in a bubble or subject to a 50% haircut in value when the inevitable happens and the system takes a dive.

    Yes,  I’ll say it

    MORE SILVER PLEASE

    • As always AGXIIK great food for thought. I could probably hang on for a couple of years for $200 as that would mean only needing to sell 25% of my stack for that condo rather than 50% 😉

    • if someone has a small retirement pension type thing, is it better to cash out or wait till retirement only a few years away? don’t k ow squat about penalties and all that stuff, just that cash out is a lot less than collecting for x number of years,later…but that see.s like quite a gamble now. half a loaf is better than none, eh? Is there a common percentage of how much is lost when cashing out?

    • Your assessment is spot on IMHO, keep it coming my brother in silver! Tonight should be a wild ride whether up or down, me thinks up though. Volume is the key now, everyone taking notice, trying to get in at the ground floor.

    • Jim Willie has stated for several years now that a new domestic US “Scheiss” dollar will be created for the sheeple (us) soon.  The new crap dollar will be worth much less than existing US clown-bucks?

      Existing mortgages are priced in current US dollars per all home closing contracts.  Would existing mortgages be reset with the new issue of the new “Scheiss” dollars?

      Just thinking out-loud, guys.  Maybe it wouldn’t change anything.

      Any thoughts?

    • @AGXIIK

       

      “It strikes me as strange that the  difference in the two bottoms are reflective of a 300%  difference  in 24 years while price peaks are only 1%  apart over 31 years”

      Maybe because the price bottoms are not manipulated and the tops are?  😉

       

      @ZZ

      ” I could probably hang on for a couple of years for $200 as that would mean only needing to sell 25% of my stack for that condo rather than 50% 

      Yep, as long as the condo price does not move much.  😉

       

      @gallifreynine

      “half a loaf is better than none, eh?”

      Yes, it is.  But all this hinges on the speculation that it will all be lost if it is not taken out of the program.  Some retirement plans do not allow withdrawals prior to some particular age, such as 55 or 59.5, unless the plan participant dies or becomes disabled.  The devil here is definitely in the details of the plan and the rules and regs in force at the time.

      What IS guaranteed, however, is a large loss to taxes if one can and does withdraw their money early.  In a lot of cases, this can be 40-50% of your retirement money, which is one heckuva loss.  If you live in a state that also taxes such money, then add another 10% of so.  There is also a 10% federal early withdrawal tax that is applied unless one gets an exception to that, such as via starting a Substantially Equal Payment Plan or SEPP.  I did that so I could withdraw retirement money for living expenses when I retired at age 55.  Without this exception, I would not have been able to retire as early as I did.  But it is complicated and not to be done lightly, especially by those who are not into math.

      “Is there a common percentage of how much is lost when cashing out?”

      Not specifically but there is a range, as I mentioned above.  Like most taxes much depends on your financial info.

       

      @Ag patient

      “Check out the GSR … At what level would you consider swapping out Ag for Au?”

      I would be doing that when the GSR reaches 40.  But not all at once.  I would do it in increments over several months.  I would keep some silver, say 25-30% of my stack and put the other 70-75% into gold.  When the GSR reverses, then I would be looking to swap back, starting at around 70:1 and would keep the same timetable and percentages going.

       

    • Galli,  You should be able to remove all proceeds from your retirement account and roll it over, no penalty, to a self directed IRA.  Pension funds are different.  I personally like Scottrade, even though they just messed up their web pages… but there are many.  call them for advice, I am not a CFR.  Once you have the funds in a self directed IRA account, you can buy invest in whatever you want, like PHYS, PSLV for the metals, and GDX, GDXJ, SIL, SILJ for the miners… LOTS of other choices, but that is an easy way to get your retirement into the precious metals.  Avoid GLD and SLV.   Skoal!

  3. Well, if this really is the end of the current system, then its just the start of the real struggle.  Its gonna be “good” vs “evil”, with lots of pain spread around.  Most folk are never gonna see the truck coming in time to even freeze properly.  Sad, lots of folk are gonna be hurt.

    For those with their eyes open and prepared, its going to be an historic opportunity….if they survive.  But even for those of us “ordinary folk” that were extremely well prepared, its not going to be pain free. This is going to hurt a hundred different ways.

    • @Caleb you are correct.  I have done my job with family and friends for the last 5 years trying to help them understand the fraud monetary system we are in.  It is crashing.  We will all hurt but I have faith that we will not perish like some of the doom and glooms predict.  The people here mostly are proof of that. I know we will help each other.  We will be in position to help the ignorant.  Being a Christian, this verse is a favorite:
      Hosea 4:6King James Version (KJV)
      6 My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children.
      So much wisdom in a few words.  We have been lied to.  We have been deceived.  For a little encouragement…go to Greg Hunter’s site and listen to Mike Krueger interview.

      http://usawatchdog.com/disintegration-overthrow-of-global-elite-regime-michael-krieger-2/

       

    • Caleb, you probably know the 10% tax penalty on a 401(k) goes away once you hit 59 and a half years old.  You still have to pay the taxes of course.  I moved shares of royalty companies (RGLD, SLW) into a Roth at the lows to prepare for better times for the metals.

      There are a few other options at age 55, that apply only under certain circumstances.

      Please consult your tax advisor before making any changes.  The internet is a dangerous place to get advice on any subject, but particularly those that affect your finances.  I offer none of this as advice!

       

    • Thanks Twox2, but the tender age of 55 is a long ways in the rear view mirror….but you’re right on.  Lots of rules are going to change, real fast, once stuff starts going south big time.  Folks that want to get reelected will make some things easier….if we still have a functioning system.

      On the other hand, Gov will be hurting big time and taking from us is going to be easy unless its in our physical hands. The mining stocks could fall into this.  But physical in hand will make it possible to bypass a lot of the silliness they might try.

       

    • @ Caleb…Sorry about that. I was on my stepper and trying to respond to someone who had actually asked a question (gallifreynine).  Thanks for being gracious in your response.  That tells me a lot about you all by itself.  Guess I’ve been staring at the screen too long watching the silver price.  I’m sure I’m the only one…

    • @Agallin

       

      Agreed this is a most prophetic verse … understanding it must be viewed from the whole narrative of the scriptures … which are cohesive/singular in meaning,  albeit their be two of everything within the book … both of which speak to the same end from different vantage points ……….

       

      Knowledge no different as their be two … one from without and one from within and they being two tables we eat from … one prepared by  our soul and one already prepared by  our spirit … two helpmeets one feminine and one masculine  etc etc

       

      My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children.

       

      To understand this is to understand what the law is … bearing in mind when a law is created/spoken the opposite to it is also

       

      But of the tree of the knowledge of good and evil, thou shalt not eat of it: for in the day that thou eatest thereof thou shalt surely die.

       

      It would appear as if GOD has contradicted Himself … but we both know this not so, as He is not an author of confusion … and so their must be two kinds of knowledge one that kills if we eat and one that destroys if we don’t … or said more precisely  one a not keeping of the law and the other a keeping of the law

       

      But this is not  so cut and dry or as nails fastened when we ponder these words of Jesus

       

      If I had not come and spoken unto them, ( “thou shall not eat of it” ) they had not had sin: but now they have no cloke ( covering ) for their sin.

       

      ps: the kjv did well to use this word cloak in this verse in relation to what Adam and Eve covered their nakedness with understanding that leaves as with children are relational to thoughts … thoughts comprise of our reasoning and reasoning comes by way of a law as in two opposites we reason between … summed up as knowledge

       

      I will stop here although I could cite the entire book as an expansion of this and it would hardly even scratch the surface of the depth of this truth which be happening within us as us  ………

       

       

    • @~~good&evil~~:<

      Always notice that your write that there is always a duality of things.  Like the yin and yang.

      I have a hard time sometimes understanding what you are trying to get across but appreciate your comment back at me.  And I also understand that a Bible verse cannot be yanked out of context and understood fully in this manner.  But it can shed some light in some situations.  That is all I wanted to attempt.  I think this world has lost Faith and Fear always fills that void when this happens.  Then as a result we get all sorts of these self centered evils that are on the increase going on in the world.  I pray that Faith will return.  Be Well.

    • @Agallin

       

      In Truth their is only ONE … but it is in this breath/time/proses we see two … a beginning and an end … or where light was called out of darkness which GOD called good and then darkness becoming evil by default … which in picture is  a division/separation/gendering of soul and spirit by perception as portrayed as the women/soul taken out the man/spirit by a door/rib etc

       

      Understanding in order for us to reason their must be two opposites up&down left&right hot&cold sweet&sour … good and evil and it is this reasoning between these two fruits a perception of self/Truth/GOD is born … so to speak …  but this perception is a mixture of what is and what is not … as in  it being lukewarm … but this not out of order seeing it is by way of the law a serpent entered into the garden which be any unclean/mixed thought outside of truth entering into our mind etc

       

      The amazing thing is Jesus kept the law and did not eat of the tree of good and evil or said in other ways same truth … Jesus never ate of is own reasoning  or to condense this same truth further … Jesus never harkened to his wife/soul … or even further …he did not touch the unclean thing  … further still … he took no thought

       

      The good news is the tree of good and evil and the tree of life are one and the same tree ( they being two perceptions of this tree ) which references our soul …. and why we can eat from all the trees of the garden except our own … the eating of our own tree/soul  likened to going about establishing your own name by labor/thought …  and is portrayed as standing in the holy place opposing GOD/Truth …  it being an attempted to enter the most holy place by force which of course is impossible for man but not for GOD and so we must all drink from the cup Jesus drank of which is to pick up our cross …. or in our brothers words … take no thought 🙂

       

      If pondered this will just keep growing and growing ….

       

       

       

       

       

  4. You know – James Turk seems to be a rational informed guy. He and Harvey ( although called it early) and so many others at the top of their game see $200. i could live with that in 5-10 years, but I don’t think we’re gonna have to wait that long. I bet if we meet back here in August – we’re in the $30’s due to the world becoming aware. It’s finally getting interesting.

  5. @Zilver Zeta   $200 silver.  The Thailand condo sounds like an ideal bug out place.  $200 silver makes a gently used Bombadier/Challenger 601-3A ER Ext Range within a reasonable price point.

    $1,500,000 for a 1985-90 with 7000 hours and 5000 landings.

    Full upgrades in avionics, landing gear, engine hot points and fuel management

    8-10 owners with fractional usage based on investment via silver

    Ownership costs would be ameliorated via charters and rentals.

    Registered in a tax friendly  offshore domicile

    Ideal bug out vehicle too boot.

    If a person can own a $1,000,000 RV with all the giblets of a superlux roller why not a Mach .8 rig with 2 hop trans Pacific legs.

    It brings a smile to my face every time I think of it.  In reality, a friend and I have done some decent research on this subject. 🙂

    Just need wifey on board with this idea.

    More silver please

     

    • @AGXIIK

       

      “8-10 owners with fractional usage based on investment via silver”

      OMG, man!  Are you suggesting fractional reserve airplane ownership???  What next?!  😉

      You better talk fast and hard if you are going to get Mrs AG on-board with this! lol

       

    • Too funny.

      $200 silver would mean that jet you covet would then be 1,500,000,000.

      Good luck feeding yourself let alone buying a useless jet.

       

  6. Silver is moving on up, buying heavy this week to add to the stack. Buying up to $50, will sell when in the mid 3 digits for Gold and hard assets. 

    Happy 4th of July stackers!

    Stacking the shiny one coin at a time

    • @CentralTexan

      Happy 4th of July to you too!  🙂

       

      Buying up to $50, will sell when in the mid 3 digits for Gold and hard assets.”

      That could work… but the last 2 times I saw it tried, it flopped big-time.  I dunno… maybe the 3rd time really will be the charm?  Hope so.

       

    • @TheRedPill

      I will probably loose credibility for this, but I will step up and defend Jim.  While I don’t think he gives many immediately actionable tips, his connections and big picture views are spooky.  Years ago I use to think he was tinfoil certifiable, but as things have unfolded over the last decade, the direction in which events have trended toward have taken on the broad strokes he predicted.  I think he has access to so much deep information that he is somewhat perpetually freaked out.

      About 10 years ago, one of my favorite students wanted to become an FBI agent.  I thought it would be interesting to see what Jim thought of such a career choice.  His reply was of course a resounding no fricken way would he let anyone he cared about head in that direction, and he gave me reasons why.  His response was sooo over the top, that I put him unreservedly into the tinfoil camp, but I felt I should do my due diligence with the info, can’t even remember the exact points now.  For all you fellow anti-statists/collectivists, you must remember this was over 10 years ago, so while the true nature of the world-as-you-know-it was definitely there to be seen by those willing to look, it did not have the in-your-face/only-those-sticking-their-heads-in-the-sand-can’t-see-it aspect that it has today.  So, when I checked out his claims of government over reach, I found that his claims were actually credible.  Over the next year, I steered that student toward computer science, and am very glad now that he is not a special agent.  I am grateful that he gave me his no holds barred, wacky opinion.

      That anecdote is not an endorsement of his predictions, but I do feel he brings a sincere source of information out on the fringe that can be incorporated into a circumspect view.  His job seems to be obsessively gathering a diverse body of information with varying degrees of verifiability.  Our job as always is to discern the signal from the noise…

      Safety for freedom is a trade that never delivers… but always collects.

    • ManyArrows and I are on the same page.  Jim’s timing is usually suspect but he seems to have the big picture pretty much framed correctly, IMHO.
       

    • @ManyArrows

      Yes my dear learned colleague, I must join you in your view of Mr. Willie. I whole heartily agree that his over all picture of the morass our country has plunged into is quite valid. I have learned much from his writings over the years. But I tend to ‘poke’ at those that predict watershed events skyrocketing monetary metals that are the actual thorn in the side of the Puppet Masters…who control it’s price. So I feel comfortable at poking at the good jim Willie when events are ripe for the taking.

      Thank you for your post….see you in the Fox Hole!

    • @TheRedPill

      Yeah, when I saw other things you had said, I figured you had a more balanced perspective than your “short the hell out of silver…” take away, but your quip made me smile, so I figured I would take the opportunity to shout out an interesting personal story.  I have never subscribed to the hat trick or any other paid service, but i appreciate when some one replies to a nobody non payer.  Many times these gurus seem like one dimensional money bots, but some of them are people too… 🙂

      Hope you and yours had a great 4th.

  7. @ThRedPill your posts are all over the map, or maybe I fail to comprehend your brand of sarcasm

    Thailand, I was there in February, much of the country is very poor but super fun & friendly folk outside of Bangkok… great food, low prices, hot, green, and the women there have the softest skin on the planet. I could easily see myself as an expat there, easily.

    • @logjam Count me in. Thailand is a wonderful place. Been there twice and heading back next month. Hitting Vietnam and Hong Kong as well.  I could easily live there vs most of the places in United States.

    • I bring humor when all else are….nevermind. In reality, I hold “physical” and always have. Like many here, I can wait and wait and wait. “Physical” holders look at it like life insurance. It’s not an “investment” so much as it’s….Insurance.

      But as for Thailand, count me in…..Let’s go!

      I like to rent a Kawasaki in St. Thomas and St. John….we should do the same when we go East.  Show me where to stay and count me in!  Plus, I would like to look into purchasing a small business to run there while one grows old.  To hell with doing anything HERE. The Federal Mafia will take 90% of our hard labor.  I should look into contacting exPats over there….any suggestions?

  8. I mused again yesterday about how satisfying it feels to not have to do anything. As turd said in a weekend interview you can just watch silver and gold do what you bought them to do or words to that immediate effect.

    I don’t have to make calls, make moves, worry, line up somewhere.

    • I brought 4 tubes of Buffaloes to St. Thomas just for grins and maybe “beer money”.  TSA questioned them because of the “tubes”….they didn’t know what they were. I said they were gifts and they didn’t steal them from me. But…no where on the island was a pawn shop or anywhere to sell them! I got to know many shops over time so I found one guy who would give me at least Spot for one or two tubes. I also “lost” a tube on the motorcycle as the backpack fell off. Some poor islander hit the jackpot that day (kinda a good thing) too funny.

      Moral – Don’t bring metals to the St. Thomas – Nobody knows what they are.  😉

  9. Has it ever dawned on this numbskull that the EU and America are ACTUALLY Communist inspired entities, and not “FASCIST.”

    Does this numbskull truly believe that Third World immigration would be rife under a Fascist system, that strong borders would not be the order of the day, that Cultural Bolshevism would have never had the chance to rear its ugly head, and that JEWS would not have anywhere near the power they enjoy and that they would never have had the chance to flourish: if this WERE A FASCIST SYSTEM!!

    I think Willie is not only mentally challenged, I think he is very much in bed with jews. That’s why he never calls for the abolition of usury, that they be stripped of their inordinate powers (would never mention them by name so that is highly unlikely), the abolition of the FED, and a return to a time when governments printed their own currencies, interest free.

    A shill is a shill is a shill.

     

     

    • Merci James. Amour depuis la France ! You say the truth. Anyone who has not figured out the jewish agenda is a total twit…

  10. @Ed_B  Mrs AG would probably go along with this given the nature of the set up  if we took s couple of dead head flights to some destination.

    Charitable foundation owner. Offshore LLC. Donations to foundation to buy interest in the plane.  Lease and charter covers most of the cost, maybe all. Charitable write offs.  Some work done for charitable purposes. Some to support the operations. Some for personal use. The numbers work.

    There are companies that specialize in this type of set up.  $200 silver is the key to it

    PS  NO TSA.  NO BAGGAGE LIMITS.  NO INSPECTIONS OF BAGGAGE. CARRY HIGH VALUE ITEMS OR GO HEAVY.

    • @AGXIIK

       

      “Mrs AG would probably go along with this given the nature of the set up  if we took a couple of dead head flights to some destination.”

      Mrs AG is a highly intelligent and discerning lady.  If you can sell her on this idea, then you can make a fortune selling refrigerators to Eskimos.  😉

       

       

  11. First of all you can’t back a currency with leased gold. A country must own it out right. Secondly if the US went with a gold based monetary system the dollar would rise in value against other currencies and the US export market would collapse and then the whole economy. Not going to happen. Thirdly Russia and China do not want gold for trade settlement. They want the IMF to speed up the process of using the SDR and this was the focus of the G-20 in China the first of June and the emergency meeting that China called inviting a group of financial officials from various countries in Paris last month. China’s head of their central bank said this publicly in several press releases. Fourthly, the dollar is not going away anytime soon for several reasons. The first is that as countries around the planet push down the value of their currencies to against the dollar to increase exports, huge capital flows are flooding into the dollar, treasuries and the Dow. Secondly as the world wide economy keeps slowing, the EU collapsing along with their banks, South America in chaos, the pound and the euro in a long term trend down, all this adds to dollar strength. This is why the Fed cannot raise rates as this would only strengthen the dollar more and hurt US exporters. Fifthly Martin Armstrong’s computer model predicted that if gold did not break the 1362 level by June closing, expect metals to weaken considerably. It did not break the level due to dollar strength. During the Brexit vote market chaos, the algos at the COMEX drove gold to 1360 and then piled on the shorts riding the trend back down. Currently they are driving it back up. It will be interesting to see if they reach the 1360 bearish reversal level before riding the trend back down. All else is nonsense!

  12. @MapleSilver  I’ll take that as a no on your part

    $1,500,000-2,000,000 is the actual price as found on Controller.com not $1.5 billion.

    At $200 silver that’s $100,000 per monster box.   4 of those would be 20% share.  with a few like minded people we fly in a private aircraft, not TSA fingering and we can carry pretty much anything we want without worrying.

    3,000 NM in one hop takes us to anywhere in the US   2 hops and we are hasta la bye bye

    Just saying, but the business model as it’s composed works and is being done by many people using this model as their means to have a nice ride and not deal with the gummint

    • What makes you think a 10 fold in the price of silver will not lead to a 10 fold increase in the price of everything else ?

      You don’t seriously think that the price of silver will rise entirely within its own bubble do you ?

      A whole bunch of people appear to need a big dose of economics 101.

  13. @Maplesilver   Silver went to $50 in 3 months  No other prices of any consequence rose in equal measure.  Apple Computer went up at least one order of magnitude. It affected little in the overall scheme of things

    The chances of a hard asset going up by 1000% if silver went to $200 is relatively small   Silver’s entire market cap is less than $50 billion

    On the other hand if gold went to $10,000 it could be an entirely different world we live in

    I recall when silver was $1 in 1970 and $50 in 1980  Inflation over that decade was around 10% annualized.  5000% increase in silver.  Everything else between 100-300% including price of gas and homes.  Interest rates ramped to 20%, reflective of inflation.

    If silver went to $200, possible but not probable, that price increase may not be sustainable.  Buying some reasonably prices hard assets like real estate here or elsewhere is a prudent plan too

    Buying air transport is little more than buying a means to go from point A to B   Comfort and luxury are another matter

    If I have the money and there is a flying machine that strikes my interest, I will never subject myself to the criminal abuse of the Gestapo at the airports again, even it if’s a $200,000 4 passenger used turbo prop  And that is a pretty reasonable price in and of itself.

     

    • Just wondering when it was that silver reached $50…. Because it topped out at circa $35.28 in 1980

  14. Agreed Texan.  Whole lot of hoopla over the recent $3-4 increase.  Don’t get me wrong, we like it, but we are patient, content in a stack, discretionary funding.  Focus remains other preps.  Delivery man yesterday, Thursday and Friday this week.  Imagine the excitement on the boards when we hit some true value numbers.

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