Silver Investor: This Week's Economic Update

Published: Sat, 10/15/11

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What's Inside:

  • Question of the Week

  • Article of the Week

  • Video of the Week

  • Are you taking steps to preserve your wealth?
     

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    Question of the Week

     

    Question: In your interview in Independent Living "Why and How to Invest in Silver Now" (Aug. 2010) you stated that you did not believe that the U.S. government would confiscate silver if they ordered a gold confiscation (or nationalization). Rather, it may be possible they would offer "spot" plus 10% tax exempt in order to obtain private physical silver.

     

    My question to you is two-fold. Do you believe it is possible for the government to enact some type of legislation against gold/silver investors to curtail profits, add a confiscatory non-productive asset tax or simply confiscate (nationalize) gold/silver with some type of fiat currency exchange in order to restore the dollar or back up the new fiat currency (2010 Is Just Deck Chair Politics on the USS Titanic by Ron Holland / LewRockwell.com) when the dollar and treasury markets crash? If so, would it be wise to move holdings offshore or to foreign markets? David

     

    Comment: I don’t rule out anything-- what you outline is possible. How probable? --In my view not very, but that is opinion and your opinion is as valid as mine. Therefore you need to access how comfortable you become by having something overseas.

     

    Generally, having holding outside one jurisdiction makes a great deal of sense in today's world.

    Sincerely,

     
    David Morgan

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    Article of the Week

    Will the S&P 500 & Gold Make Up Their Minds Already

     A lot of eyes were watching the Slovakian Parliament around the closing bell today as they voted on the European Financial Stability Fund (EFSF). The first vote failed to pass the pending legislation, but members of the opposition party have indicated that they will vote for the bill in a second scheduled vote.

    The S&P 500 E-Mini futures contract has not sold off sharply on the news, but the trap door risk for equity traders is that the second vote comes up short and the legislation fails unexpectedly. The marketplace is expecting the second vote to pass without issue and if a different scenario plays out selling pressure could become extreme potentially. With earnings season now upon us, there is plenty of headline risk to go around and this Slovakian situation just adds more complexity to the news flow.

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

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    Video of the Week

    Gold Prices Could Fall Below $1,600

    David Morgan, founder of Silver-Investor.com, says gold prices will see more downside and will drag silver down with them.

    http://bit.ly/q3KSHx


    Gold and silver legal tender in Utah-On the Edge with Max Keiser

         In this edition of the show Max interviews David Morgan from Silver-Investor.com.

    He will talk about the new law implemented in the state of Utah making gold and silver legal tender.

    So from now on the merchants in the state of Utah will start accepting gold and silver coins on a voluntary basis.

    There is a depository that was set up where people can put their gold and silver into and are being issued a debit card which makes the whole transaction process pretty transparent.

    And now you can walk to any store and buy whatever you want to buy with your debit card.

    http://www.youtube.com/watch?v=G7Kra0Mjqj8

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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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