Silver Investor: This Week's Economic Update

Published: Sat, 08/13/11

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What's Inside:

  • Question of the Week

  • Article of the Week

  • Audio of the Week

  • Are you taking steps to preserve your wealth?
     

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    Question of the Week

     

    Question:  I think your common sense; low hype approach to the metal markets is invaluable.  I'm primarily interested in the silver market and have heard you say that you felt a bag of junk silver was enough. My feeling has always been the recognition of silver coins would make them ideally suited for exchange of goods if everything goes to H___ in a hand basket and it would be a lot easier to barter with a 90% silver dime than a 5 oz bar.  Other than space consumption I'd like to get your input on junk silver vs., 999 bullion, especially since the premiums are far less on the coins.  Thanks, Jim

     

    Answer:  Not much to add, junk bags carry the lowest premium most of the time, yet at times such as the Y2K "scare" bags went to a huge premium (good time to trade them for bullion).

     

    My actual statement is that a bag per family is "probably" enough for most people. But "enough" is an individual choice or therefore amount.

     

    Actually, to remain consistent bags are the most cumbersome and therefore my statement has been start with a bag per family, or bag per person in the family if you are well off. After that you can go to bars as they are easier to store, count, inventory etc. This addresses your "space" issue--

     

    As always the final choice is yours, and bags do allow for the most silver per amount invested and also small units which are excellent for barter as you suggest.

     

    We do suggest dealers from time to time so staying on this list does pay dividends at times.

    Sincerely,

     
    David Morgan

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    Article of the Week

    The Crime Against Silver

    As a general rule, the most successful man in life is the man who has the best information

    In 1873, the Fourth Coinage Act was enacted by the US Congress. Western silver miners labeled this measure the “Crime of ‘73? because it stopped the printing of US silver dollars. The US had, unofficially, abandoned its bimetallic standard in favor of a monometallic one – gold.

    Read rest of article here...
    http://bit.ly/psHdIf
     

    Gold and Silver coins to be considered legal tender in the State of Utah

    On Thursday, June 2nd Governor Gary Herbert signed into law a bill that allows gold and silver coins, minted by the U.S. government, to be considered legal tender in the State of Utah. This monumental event means that Utah has officially become the first state in the US to legalize gold and silver as currency – an exciting milestone, not just for Utahns, but for anyone concerned about fiscal stability!

    Read rest of article here...
         http://bit.ly/pkg7pj
     

    A Frightening Worldwide Currency Crisis: An Unstable Monetary System

    A Frightening Worldwide Currency Crisis: An Unstable Monetary System

    I was asked several years ago to reenact a dramatic scene from the movie Rollover (1981), which is a rather frightening worldwide currency crisis, depicted when oil money is withdrawn from the banking system. Although a total hypothetical scenario, it brings into crystal clear focus what systemic risk is all about. This was just re-posted to our website (see www.TheMorganReport.com)

    Read rest of article here...
         http://bit.ly/oi7C2K

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    Audio of the Week


    Ellis Martin Report with David Morgan

     Ellis Martin speaks with David Morgan, The Silver Guru of www.silver-investor.com about the current condition of the US economy and the value of investing in precious metals as a safe haven. Is market collapse imminent? Has the tipping point been reached, good or bad? What about gold stocks? This is Mr. Morgan's most revealing interview to date with this journalist.

    http://www.youtube.com/watch?v=WBSU5xZuJW8
     

    David Morgan to Gold Investors: Time to Lighten Up after Big Run
    Jim Puplava welcomes David Morgan of the Morgan Report back on Financial Sense Newshour. David advises investors to take a little off the table after gold’s recent run-up, but if you don’t own any gold you need to buy some.

    http://bit.ly/oH6dBF

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    Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. Stone Investment Group is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. Stone Investment Group and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that Stone Investment Group will not be held liable or responsible for any decisions you make regarding any information discussed herein.
     

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