For almost four years, the precious metals and mining sectors have been taken behind the wood shed and beaten into submission. During this time, the people who understand the fundamentals for both the physical metals and the miners, have stood tall and continued to remind everyone of the reasons for holding physical precious metals and, for the gamblers, the reasons for investing in the mining sector.
We have had multi-decade experts, such Jim Sinclair, explain that we should continue to take advantage of the suppressed prices and continue to acquire physical gold. Eric Sprott has been very vocal during this time, including an open letter to the World Gold Council questioning their analysis.
Recently, Keith Neumeyer, CEO, First Majestic, told the world his company was withholding 1 million ounces of silver and ask his fellow miners to do the same: We should pick a month in 2015 and say 'We're going to hold back silver for 30 days' and see how the silver buyers respond to that. This is to say nothing of the tireless writings of such dedicated analysts as Peter Schiff, Craig Hemke (aka Turd Ferguson), Dave Kranzler, and the list goes on and on and on. Each of these incredibly knowledgeable, honest people have, basically, been saying the same thing during this unprecedented down turn in precious metals pricing. Buy more while you still can and while the price is in your favor—it is not going to last.
The gold/silver ratio, according to God, should be approximately 9.5 to 1. Said another way, there are approximately 9.5 ounces of silver dug out of the ground for every 1 ounce of gold that is mined. Currently this ratio, in the "market", stands at almost 70 to 1. A mere seven times out of balance with the laws of nature. Who determines this ratio? It certainly isn't the market because if the market determined the pricing, strictly based on demand, the ratio would be much closer to parity or slightly favoring silver to gold. Who are we supposed to believe?
Let's take a look at some recent information and see who is looking out for our best interest. Would it be the government that is looking out for us? What about that LIBOR conspiracy? You know, the one where the largest banks on the planet (all of the largest banks on the planet) have been in and out of court paying fines over price rigging. What does the LIBOR (London InterBank Overnight Rate) effect? It only effects every single interest rate on the planet. Not some, but all. How many of these criminals have gone to jail? Not one. What crime did they commit? Well, they stole billions of dollars, yen, pounds, and every other currency currently in use the world over. Who does this effect? Anyone and everyone that has any type of loan—any type of loan; everyone. The attorney general of the United States, Eric Holder, stated, that if any of these criminals, I mean "Officers" of these criminal enterprises, went to jail, the financial system would implode. Well, what the hell does that have to do with me? Why would I care if a criminal system implodes and goes away? Do I not want honesty in the system? Do I want fraud to be the main business model of the financial system, in every country? Since when do we protect criminals and give them a get-out-of-jail-free card? That is exactly what the criminal attorney general has done with the largest banks in the world.
What does this have to do with physical precious metals? Well, everything. The two camps above are quite different. One group of people are honest, hardworking, and trying their best to deliver the best information to you and your family. They are entrepreneurs, business owners who employ top notch people to help with their business and their analysis. The government, working in concert with the banks (we'll call it fascism, which is exactly what it is), lie, steal, and manipulate information at every turn. Fraud is now the business model of the banking/financial sector all over the world. Hhmmmmm…Who is on my side? Who… is on my side?
When someone like Jim Sinclair, Eric Sprott, or any of the other precious metals analysts make a prediction about where they see the price of silver or gold headed, do you really believe they are lying to you? I do not. Their analysis, the fundamentals, and multiple decades of knowledge is guiding their thoughts that they are gracious enough to share, usually for free, with you!! On the other hand, people like Eric Holder, who are supposed to represent the law, simply changes the laws in order to accommodate his personal whims or the current situation.
So, the next time, if there is a next time, that an analysts steps up to the plate and offers you a gift in the form of truly great information and they just happen to put their neck on the line with a prediction, instead of ripping them to shreds with your nasty comments, why not send them a thank you card for having the courage to stand up for you and your family. Or you should sell all of your physical metals and continue following the advice of the government and the banks because they have been proven over and over, in courts around the world, they have your best interest at heart.Facebook, Google Plus, & Twitter. You can also get Freedom Outpost delivered to your Amazon Kindle device here.