Celente buying silver for the first time (interesting read here)

[Large Sarge]

he hints that some govt regulation is likely coming for gold owners, and is switching to silver...

I am not sure if he is right, but if we get a small fraction of gold owners to switch to team silver, then the silver charade is over....

Celente has quite a following/subscriber base worldwide.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/23_KWN_Exclusive_-_Gerald_Celente_Announces_Hes_Buying_Silver.html

[Twisted Titan]

Tag...

[agnut]

Hi Large Sarge; good catch. Banks are accumulating gold. But not silver. Think about that.

But (and a big fat but here), I would suggest going a step farther with silver allocation. There is silver bullion, 90% silver coins and scrap silver.

Only bullion was called in during the last precious metals confiscation. So an ugly precedent has been established here.

90% silver coins would be hard if not impossible to justify confiscation. These were coins of the realm before the government lost all sensibility with fiat currency over issuance. Besides, 90% coins can be as small in value as a dime and therefore easily tradable for things needed. Try trading with a multi ounce silver bar or even an ounce of silver. Or a gold American Eagle. Yikes ! Maybe okay if buying a house or a car but not the weekly groceries.

And what we call scrap silver can be anything containing silver. Sterling silver as dinnerware or cups or candlestick holders or any number of fabricated silver can be easily identified and valued in relation to its weight since all sterling silver is 92.5% pure silver. My only problem with having sterling silver is that some of it is so beautiful that I can’t avoid becoming emotionally attached to it. That is my problem and maybe not yours since I am an art lover of all kinds.

Are the powers that be going to confiscate mama’s sterling dinnerware or her sterling jewelry ? Hey, you want to start WWIII, just try taking those items from a woman and see what happens !

Gold and to a lesser extent silver bullion are both primary targets in the eyes of the powers that be. If you can’t see that, God help you.

With the above said, I have been into silver bullion, silver 90% coins (Mercury dimes and Walking Liberty halves before there was a premium on them) and sterling silver. Each in 1/3 proportion. I don’t have a lot of silver but only enough to protect myself and family. Well, not enough but some to help when absolutely needed. What is enough ? I still don’t know.

The only gold I have is the most expensive gold in the world; two wedding rings from previous marrages (there is no I in marriage). Several years ago I did have some gold but traded it for silver when the g:s ratio was about 60 to 1.

For many years I have considered silver to be safer than gold in regards to potential confiscation, either through onerous taxation or seizure. And the three way division of silver seems the best defense for me. Gerald Celente has taken a step in the right direction but still has not gone the full distance in my opinion. Time will tell, eh ?

Nothing is certain in this life but death and taxes. So while I am still alive I intend to avoid all the taxes put upon my efforts to remain free, financial and otherwise.

Each of us is writing our own autobiography by our thoughts, words and deeds. Someday this body of work will be gone over with a fine toothed comb and analyzed as to its efficiency against how the future actually unfolded. In other words, how good were our preparations ? How good was our choice of where to live during the chaotic times we see coming in the not too distant future ? How good were our choices of those we depended upon ? And so on…

We ourselves may not be reviewing our preparations in that future because we may not even be here. Our loved ones may be here saying that old dad wasn’t so crazy after all. That is what is known as “our legacy”. I for one, hope that all the preparations I have made through the years will benefit those around me, my loved ones.

And one last point. Do you have your food preps held at a food bank ? Are your defensive weapons in a locker downtown ?

So why would anyone have paper silver or paper gold, either in etfs or mining stocks ? For a quick buck ? I ask those of you in paper precious metals to weigh your possibility of greater gain against “merely” holding physical precious metals. Precious or precarious; your choice.

IF YOU DON’T HOLD IT, YOU DON’T OWN IT.
PONCE

Best wishes for your future,

Agnut

How’s your heritage ?