Hi guys it’s Barry in DR. Hey I’ve got a question for you all. My question is this. So where’s the 100 dollar plus per once silver? Over the past few years several well-known experts composed hoards of articles about silver and what value it’s going to take on. The range being quoted in these articles is almost as broad a spectrum as the terrain in the DR.
Here in the DR the terrain ranges from Rocky Mountains that soar well above the clouds to soft sandy beaches hovering at sea level. Seems to vary from one extreme to the other and that’s precisely my point. All my readers are aware that there’s been hundreds if not thousands of past articles mentioning price quotes, time frames along with a multitude of reasons of what may be the catalyst to send this commodity soaring to new highs. So like the old add from the Wendy’s commercial: where’s the beef?
One of the most widely suggested motives for sending silver to the moon (their words not mine) was the following: At the time paper markets can’t or decide not to answer a call, even just one single call on answering a conversion back to physical from its paper counterpart that’s the time it soars and doesn’t look back. As after that time it’s too late if you’re not already in. Now I KNOW you’ve all heard similar quotes before and most would say several times before. So I have to ask one more time where’s the 100 plus per once silver… where’s the beef?
All I’m hearing, reading or seeing is much of the same… nothing new scenarios. Seems like a fair portion of these folks have suddenly gone into the silver minting business expressing how their particular round is the one and only round capable of making its owners free from slavery in the not too distant future. I won’t even justify that kind of logic with a response.
I realize by now some of you who don’t know where I stand on silver’s potential future are already thinking I’m against silver and you’re wrong. I’m in total agreement of its future worth but rather trying to make an accurate point for all to consider. Providing a valid opinion that may get you to ask a few questions WHY about WHY silver hasn’t done anything even close to what these experts have been saying.
By the way while I’m writing this article there’s no reason to bash anyone either by name or past comments they’ve made. Many of them are truly proven experts in the field with many years or even decades of experience that drapes mine when it comes to understanding silver… but I humbly ask you to consider what finally did happen this last Monday and that was my facilitator for finally writing this overdue article. Enough is enough at a certain juncture obedience itself becomes a moral crime. Anyone who disagrees with that last sentence that’s fine just let time take its course and you’ll realize what I’m referring to at a later stage.
Last Monday the HKMEX (Hong Kong Mercantile Exchange) closed its doors for good. They made an announcement that they won’t be settling any contracts held in metal but rather fiat currency. To accelerate the matter into approaching the labeling of sheer madness they announced that they themselves and in their own discretion would be setting the price of exchange rate. Hard to believe isn’t it… but what’s even harder to believe is WHY this didn’t launch that rocket to the moon. No I’m still sitting here with the rest of you wondering where’s the beef…you know the 100 plus silver.
The HKMEX didn’t fail on answering one contract they failed on answering hundreds of contracts. The HKMEX also was to reimburse at what their chosen value was set at. Any of you still wondering WHY Monday night silver fell off a cliff on the Asian market… yea but you couldn’t buy any at that price as one article cleverly pointed out. Today is Wednesday May 22 2013 two days later and this rocket hasn’t even left the launching pad. I won’t even go into the news regarding customers who just can’t seem to get their hands on their own physical gold currently being held in Swiss banks as that rocket seems to be stuck on its own pad. Both rockets seem to be suffering from lack if ignition.
I’ve never really believed that by owning silver you would be breaking the so called elite. Think about it their families have been stacking all these various commodities of discussion for hundreds of years while feeding their naive counterparts un-backed paper currencies all over the world… un-backed for at least several decades that is. Now you’re led to believe that investment silver stacking a whopping couple of percent at best is going to bring down these families… OK only choices right?
I’ll step out on a limb here when I say that even if the dollar dies and the western nations crumble it wouldn’t really amount to much HURT for any of these families… rather what it will do is create more freedom and less control over you and your family which is what you should be aiming for to begin with. If you’re looking at this from an all or nothing winner take all scenario it’s already GAME OVER. Let them reside back into the abyss by what else removing yourself from even playing the game to begin with… Sorry there’s no other way.
That doesn’t mean you’ve lost by removing yourself from the game. Actually it’s quite the opposite it means you’ve released the ties that keep you seeing yourself as a victim… that’s all so in essence you won. It’s really that easy but if you still refuse to see it this way it’s cool. Just keep on buying the rounds and see where that leads you. It all resorts back to choices in the long run and at the end of the game all the pieces go back into the box. The only choice you have is what box you want to put them in.
Silver going to do what it’s going to do but not one day before the masses of people lose almost all their faith in fiat currencies. When the day arrives that merchants and vendors start questioning its acceptance for trade or service that my friends is launch day. It won’t even matter what means they’re searching for… digital, encrypted, P.M’s whatever but the launch will take off on schedule on that very day. So you see I am a true believer in silver… just perhaps a bit more patient than most.
I may be wrong in saying this but if the experts were correct in their past assumptions you’d be witnessing triple digit silver TODAY!!! After all several hundred people just fell victim to what was supposed to propel silver to the moon right? As long as paper has counter party acceptance it’s going to be an up and down battle because… more can always be printed and the only thing that ever gave it value to begin with was… you guessed it counter party acceptance.
Besides even if silver rockets to 300 an ounce but a loaf of bread costs 30 dollars you’re hedged which is a good thing but you’re not rich. It’s not going to work out the way you’ve become accustomed to believing in western nations and that’s instant gratification. Just be cool with knowing you’re doing the right thing by owning it. Exercise a little patience for a change besides if you’re not planning on selling what difference does it make in the long run.
Besides my personal favorite Brother John F’s Silver for the People those of you who want a more open minded approach of looking at these subjects (from various angles) may I suggest: The SilverFuturist’sChannel on YouTube. The channel contains several unbiased non-conforming fresh ways of approaching these same old issues. I seem to enjoy it and I’m sure that you will to. Why not make a comment and let me know how you feel about this article and if you agree with my thinking or if you enjoyed the Silver Futurist’s Channel. We want to hear from you.
Over time I’ve learned to forge my own sword and not rely on others to do it for me. Over many years of repeating the process the steel became hard, strong and very dependable. Perhaps its most important attribute is its flexibility without breaking… but still I’m not certain which of the attributes is most important. However what I am certain of is its quality. I would want it by my side during any war or altercation. Over time it’s proven to be reliable because I fashioned it from scratch not someone else for me.
What the real problem is most people had their sword supplied to them not made by them. They had it supplied to them by their Government. They naively accepted this gift and gave it their trust. They trusted this sword to be a loyal weapon and defend them against all foes both foreign and domestic.
Now you’re getting closer to perhaps actually relying on that sword… the one you were given. How are you feeling about its quality now? What about its loyalty when it comes to defending you and your loved ones. What about the ones that are relying on you…RIGHT NOW AT THIS MOMENT OF TIME… how are you feeling about your Government issued sword? I wonder what your answer might be.
I’ve fashioned mine over decades… and you had yours given to you by your Government. I’m not so sure I’d want to be holding your sword when the real war breaks out… you know the war against the very same ones who provided you with your sword to begin with. You might want to think long and hard about that. If this makes no sense to you don’t worry about it. Just keep buying those rounds… they’ll protect you. Until next time this is Barry in DR and I’m out.