Wassail, traveler, and welcome to The Gable Grey -- a place of retreat, of renewal, and of resistance: a tree-shaded refuge in Dark Times. Now pass the threshold, and rest from journeys! For a cold wind is blowing; and here, if you wish, you may hear tidings of the world without...

Thursday, August 4, 2011

Hi-Yo Silver! Away!!!

While the unraveling of the central planners' Ponzi scheme intensifies,* and gold hits new highs every day, silver has today gone past $42.  Target:  $50, and new all-time records beyond.  To those of you who, like myself, bought in at the $15-$20-$25 marks, congratulations!  Your wealth is keeping its value, as the purchasing power of the fiat FRN's correspondingly declines. 

Does this mean that silver is becoming more and more valuable, as greater numbers of individuals see through the global fiat house of cards, and position themselves accordingly?  Maybe.  I'm not sure.  All I know is, I'm priced out, but happily so!  It's been one of the few good decisions I've made lately.

I suspect there will be interruptions in the rise, as there have been; for example, margins can get hiked at any time, as they were yesterday.  However, interestingly, yesterday's margin increase did not seem to have a noticeable effect on the price of silver.  This is important, as such activity by the banksters and their government puppets usually put a damper on silver's rise, at least temporarily.  These temporary declines have been important points at which to buy physical silver.  Such pauses in silver's rise may become increasingly rare over time; as yesterday's attempt to cool silver off show, they may disappear altogether, at least until a full-on collapse of paper currencies and a return to traditional (read:  real) money.  Of course, dips in silver's price can also be caused by investor profit-taking.

For myself, I am not in this game for profits.  I am in it for wealth preservation.  In other words, I am "long Silver."  I advise you to do the same, if you can.  Then again, for most of those I know, it may already be too late for that.  If the latter is true, there is an alternative.  Simply go to JWR's website SurvivalBlog, at the link provided in the right-hand column, and look up "nickels."  You might be surprised how easy it can be to preserve your purchasing power with the "lowly" Nickel.  Time may be running out on that option too, though, as the costs to make a nickel far exceed its face value, forcing the government to consider cheaper alternatives.  But all that info. can be found at the site.

The markets have been declining for the better part of two weeks now.  There are many parallels to 2008.  Ruppert may have been right after all.  Keep your eyes and ears open.  Change is happening hard and fast these days; but it need not be unlooked-for.

Wassail, friends.

*I borrowed that line from a writer at the ZeroHedge site.  My new favorite site; very little BS.

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Whiles carried o'er the iron road,
We hurry by some fair abode;
The garden bright amidst the hay,
The yellow wain upon the way,
The dining men, the wind that sweeps
Light locks from off the sun-sweet heaps --
The gable grey, the hoary roof,
Here now -- and now so far aloof.
How sorely then we long to stay
And midst its sweetness wear the day,
And 'neath its changing shadows sit,
And feel ourselves a part of it.
Such rest, such stay, I strove to win
With these same leaves that lie herein.

-- William Morris, from
"The Roots of the Mountains"