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qj

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Kaptain said:
What's interesting is to see how physical and even paper silver ETFs have run-up, but some of the silver minings stocks have halted. Some mining stocks have doubled tripled or quadruapled from a year ago (endeavour, first majestic, great panther). Meanwhile, some of the hot names more than 4 years ago (pan american, silver standard) are below or near the price they had back then. Stocks are like fashion. Everyone thinks it's all based on hard numbers, but in truth it's often based more on psychology. I just bought a boat load of Pan American. Just like fashion, trends always recycle.



Here's an interesting question/scenario; people are buying silver etf's like crazy. The insiders know that these banking cartels that are selling paper silver can't back it with real silver. How will the silver etf's finally fall? What will happen to those investors who have etf's like SIL or AGQ? Will the etf's go from skyrocketing to no-value overnight? Will it be like a bank run?

SIL is an ETF that purchases and holds a basket of stocks of silver miners. It ought to be OK. On the other hand, SLV is an ETF that is suppose to hold physical silver for its investors. I highly doubt it. SIL should be OK and offers diversification among silver miners. SLV likely just holds a paper promise. Guys like Bob Chapman think SLV will eventually be discredited when JPM and HSBC get destroyed with their silver shorts on the COMEX. We'll see. If you want to hold paper silver, might want to check out SIL thoroughly along with CEF (closed end fund that REALLY holds gold and silver at 50/50) and Sprott's silver trust (PSLV). Oh, and I forget SLW which is a silver streaming company that provides financing for miners to get a share of the future silver stream from the mining operations.

Disclaimer: I hold shares of both SIL and SLW and like 'em both. Also hold Hecla (HL). BTW, if you hold individual silver mining companies, you are subject to the whims of tyrants and nature. In the case of Hecla (HL), a mining accident just happened the other day which could have really destroyed the company (it didn't). Pan American (PAAS) has mining operations in Bolivia and the tyrant-in-charge supposedly indicated a few days ago that he was going to seize at least a share of PAAS' mining operations in Bolivia. Used to hold PAAS and CEF. I might have held SLV a long time ago but don't remember. Personally, I like SLW and SIL more than the others because you get leverage and diversity in both plays. SLW has agreements with miners all over the globe and SIL holds miners from operations all over the globe.

Bob Chapman just indicated the other day that a default or blow-up of the COMEX appears to be imminent, perhaps within a few weeks. Max Keiser indicated that JPM would be a dead bank walking if silver hit $47 per oz. I guess we're there, aren't we? Next big delivery month I've been told for silver is the May contract. We'll know more this upcoming week. Exciting times for silver which is bittersweet. Sweet because individually the silver investment appears to be paying off big time, but bitter at the same time because the accumulation phase looks like it's ending and many, many good people will likely be left out of the party. I wish we could get a 20-30% correction here but it just doesn't look like it's gonna happen. Oh well, at least JPM gets to cook in its own corrupt juices. Let the squeezin' commence!

As for the bank run, I'm not too sure that's going to happen. Most people seem to have a love affair with the USD. Not me. A massive run on the dollar itself is much more likely. Might want to have some funny munny outside the banking system along with REAL money which is gold and silver. From what I've read, the sure thing looks like the USD will lose its status as the world's reserve currency. This may happen sooner rather than later. When the pound sterling lost its role as a reserve currency, its purchasing power dropped dramatically according to some sources, up to 80-90 percent. Ok? Do you really want to holding fiat dollars (funny munny) as its purchasing power collapses?
 

Don Wassall

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I just checked the spot market and silver is currently up $2.59/oz, or over 5 1/2%. That's the biggest jump I can remember it taking since the spike of '79-early '80. Will be quite interesting to see what it does during regular trading hours Monday and in the days, weeks and months to come.
 

Kaptain

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It's now over $49 - up about 6.5 percent! Is this the JP Morgan short squeeze? Will we see a reversal? A surprise move by Bernanke? Surprise news on the market overall? I don't believe silver will go down without a crash of the entire market - but that's always a possibility. Last week look like the last chance to get into some silver miners for cheap.

qj, thanks for the info. I have some EXK, SSRI, KGC, SLW, and PAAS. I see you have SLV. Why not have AGQ - the proshares ultra silver instead? Also, wouldn't SLW be at the whim of tyrants too? I've come to the conclusion that no company mines in politically stable countries, and some that are considered to be politically stable are the worst. For example, Canada. Canadian, Alaskan, and other American mines have to deal with "native" American tribes. Any profitable mine will surely have an Indian tribe looking to cut into the profits. I figure in a economic collapse not much changes in the lives of Africans, Mexicans, and South Americans.
 

Kaptain

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Let's also remember that in 1980 the price hit $50 dollars before the Fed and COMEX changed the rules to crash the market. $50 in 1980 adjusted for the drop in the value of the dollar is about $150 today. We may not be near the panic button yet for the money manipulators.

"When the Hunt's had begun accumulating silver back in 1973 the price was in the $1.95 / ounce range. Early in '79, the price was about $5. Late '79 / early '80 the price was in the $50's, peaking at $54.

Once the silver market was cornered, outsiders joined the chase but a combination of changed trading rules on the New York Metals Market (COMEX) and the intervention of the Federal Reserve put an end to the game. The price began to slide, culminating in a 50% one-day decline on March 27, 1980 as the price plummeted from $21.62 to $10.80.

The collapse of the silver market meant countless losses for speculators. The Hunt brothers declared bankruptcy. By 1987 their liabilities had grown to nearly $2.5 billion against assets of $1.5 billion. In August of 1988 the Hunts were convicted of conspiring to manipulate the market."
 

Freethinker

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From 48 up over 49 and now crashing back down to 46 in a matter of hours today. Hang on to your hats guys!
 

qj

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Kaptain said:
It's now over $49 - up about 6.5 percent! Is this the JP Morgan short squeeze? Will we see a reversal? A surprise move by Bernanke? Surprise news on the market overall? I don't believe silver will go down without a crash of the entire market - but that's always a possibility. Last week look like the last chance to get into some silver miners for cheap.



qj, thanks for the info. I have some EXK, SSRI, KGC, SLW, and PAAS. I see you have SLV. Why not have AGQ - the proshares ultra silver instead? Also, wouldn't SLW be at the whim of tyrants too? I've come to the conclusion that no company mines in politically stable countries, and some that are considered to be politically stable are the worst. For example, Canada. Canadian, Alaskan, and other American mines have to deal with "native" American tribes. Any profitable mine will surely have an Indian tribe looking to cut into the profits. I figure in a economic collapse not much changes in the lives of Africans, Mexicans, and South Americans.

No, I believe I use to have some SLV a long time ago. If I did, I sold it out. SLV is a vehicle for the PTB to manipulate silver in my opinion. But that's just my opinion. No proof to be offered. I'm aware of the stocks above (EXK and SSRI), and have owned them over the years. I don't own any 2x ETFs such as AGQ as I'm not sure the program (2x gains) works as advertised, but let us know how it works out. Your point about SLW and all mining-related stocks is very good! All the better reason to hold PHYSICAL first, second, and third, and then maybe venture out into paper land. SLW is indeed at the whim of tyrants, but it has silver streams all over the world to mitigate the threat which is all too real. Just read what you had to say again about the native tribes, political problems, etc., and you make killer points about the BIG problems with investing in silver (and gold) stocks. I agree totally with you, so I hold the bulk of my paper investment in PNP, SLW, GDXJ and SIL which hold a basket of stocks and income streams from all over the world. With that said, I'm hard pressed to recommend ANY paper investments to anyone at this point. If I had to do it all over again, I would hold PHYSICAL, 1st, 2nd and 3rd, before buying any paper investments. Let's one sleep better at night in my opinion. I do see that you hold several mining stocks, which is a really good idea because it does help with risk. To help diversify with my metals investments, I hold the following:

** PHYSICAL (1st and foremost)
** GDXJ (basket of junior miners)
** SIL (basket of silver miners)
** SLW (holds silver streams from around the world)
** PNP.TO (Pinetree Capital which invests in several micro companies--looking for a home run)
** MFN -- Minefinders (Silver miner)
** HL -- Hecla (Old tyme silver miner that's been around forever
** Impact Silver -- Has an operating mine in Mexico
** Polymet -- owns a mountain of iron ore and other metals in MN. Fighting with the environmentalists and BIG GOV'T right now to get a mine opened. If it manages to get a permit, the stock will launch into the stratosphere.
**GMO -- Rare earth play along with base metals
** Olivut resources -- Diamond explorer who Pierre Lassonde likes. Google Pierre Lasonde. He's a very interesting and smart guy.

The vast bulk of my investment is in the 1st five investments listed. Looking for some home runs with the stocks listed near the bottom. If you have a hankering for paper investments such as metals stocks, you should hold several to mitigate risk. Just my opinion. Looked at what you had to write again, and you make a great case for NOT holding ANY paper metals investments. I agree, you gotta wonder why you would hold any after consideration is given to the environmentalists, hostile governments, tyrants, etc. In the end, I hold some paper investments because they'll do really well if silver and gold go up, up, up. In the event many of the miners get nationalized or destroyed, then the PHYSICAL investment will soar that much more. No? So I feel I have the bases covered here, but I would hold PHYSICAL before any other investment. So for those newbies out there, best to go with physical, physical, physical. I hear the 90 percent silver (junk silver) is currently the best deal right now. Check around. If you want to learn about the silver and gold story, here are some websites:

KingWorldNews.com
GoldSeek.com
Harvey Organ's silver and gold report
JSMineset.com
Silverbearcafe.com

Well, it looks like the PTB tried to throw some water on the silver fire today but it's already back up to well over $47. A few years ago, a bear raid would just crumple the silver market. Now, a bear raid is just brushed off by the silver BULL as he thrusts forward to gore the JPM Bear. Ha, ha!!! GOOOooooo SiiiiLLLVVEERRR!!!!

GoLD luck guys, and Buckle Up!!!


**
Edited by: qj
 

qj

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Sample article from KingWorldNews

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/25_London_Source_-_Asian_Buyers_Will_Take_Silver_Over_$100.html

Asian guys are gutting the SLV and the COMEX of all their silver.
 

qj

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In 1980, one entity, the Hunt Family, was the major silver long going against the machine. In 2011, it is an ARMY of small paper and physical silver longs that is gutting the machine. Who are they going to blame this time?

In 1980, it was a PAPER manipulation. In 2011, the PHYSICAL buying is driving the price higher in spite of the paper manipulation.

In 1980, the refiners were choking with silver. In 2011, the word on the street is that there is little to no silver for the refiners.

In 1980, silver investment was limited to people in the U.S. and perhaps Europe, maybe India. In 2011, the Chinese government is pushing silver investment for over 1 BILLION Chinese citizens. China has a long love affair with silver. And they are buying. Indian citizens, too, are buying silver hand over fist in 2011. We're talking about 2.5 BILLION people here!

The silver market in 2011 is a much different creature than that of 1980. PHYSICAL is reigning over paper this time. JPM and HSBC can play all the paper games they want, but the Asians and Silver Liberation Army (SLA) are crusing these paper tigers by gobbling up all the physical supply. Keep in mind, the silver users NEED silver to run their operations and there has been little to no silver left over for investment purposes. Butler said that eventually, the silver users are going to panic and buy, buy, buy, and buy some more, regardless of the price in order to keep their manufacturing operations going.

GOT PHYSICAL?
 

Colonel_Reb

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Yes, the 90% '64 and earlier (junk) silver U.S. coins are the best deal going. Saturday, 90% half dollar rolls (Walkers, Franklins and '64 Kennedys) were $340 each at one place here in Georgia. That is just a fraction over Friday's spot close. That is even better than you can do on ebay right now. I know of some other dealers who were selling the same rolls for $350 each the same day. I know of one company that was (earlier today) selling .999 silver American Eagles for $50.34 each. Not bad, considering the premium that Eagles usually demand. Now is still a fine time to invest, and 90% pre-'65 U.S. dimes, quarters and halves will get you the most bang for your buck.

Edited by: Colonel_Reb
 

Kaptain

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I got about %50 physical and 50% mining stocks. I own the stocks only because I can buy more on margins. I figure the increase in silver will more than cover the %5 I pay on margins, but you have to be careful and have some back-up. I have some Agriculture stocks fix to crop/cattle prices as well.
 

foobar75

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Kaptain said:
It's now over $49 - up about 6.5 percent! Is this the JP Morgan short squeeze? Will we see a reversal? A surprise move by Bernanke? Surprise news on the market overall? I don't believe silver will go down without a crash of the entire market - but that's always a possibility. Last week look like the last chance to get into some silver miners for cheap.

qj, thanks for the info. I have some EXK, SSRI, KGC, SLW, and PAAS. I see you have SLV. Why not have AGQ - the proshares ultra silver instead? Also, wouldn't SLW be at the whim of tyrants too? I've come to the conclusion that no company mines in politically stable countries, and some that are considered to be politically stable are the worst. For example, Canada. Canadian, Alaskan, and other American mines have to deal with "native" American tribes. Any profitable mine will surely have an Indian tribe looking to cut into the profits. I figure in a economic collapse not much changes in the lives of Africans, Mexicans, and South Americans.

Kaptain, I'd be very careful with the miners. Note that they have not moved much with the price of silver in the last couple of weeks. One factor is the high price of oil, which increases costs for the mining companies and decreases profits and margins. I feel that we're in a mini-bubble with silver short term (long-term there's a lot more upside), and it could crash just as quickly as it's gone up. The miners could take a big hit as a result. If you're playing with house money, then fine, but if you have profits, book them. You can never go wrong with realizing an actual paper gain, and then come back to pick up more once they are cheaper.
 

Kaptain

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foobar75 said:
Kaptain said:
It's now over $49 - up about 6.5 percent! Is this the JP Morgan short squeeze? Will we see a reversal? A surprise move by Bernanke? Surprise news on the market overall? I don't believe silver will go down without a crash of the entire market - but that's always a possibility. Last week look like the last chance to get into some silver miners for cheap.

qj, thanks for the info. I have some EXK, SSRI, KGC, SLW, and PAAS. I see you have SLV. Why not have AGQ - the proshares ultra silver instead? Also, wouldn't SLW be at the whim of tyrants too? I've come to the conclusion that no company mines in politically stable countries, and some that are considered to be politically stable are the worst. For example, Canada. Canadian, Alaskan, and other American mines have to deal with "native" American tribes. Any profitable mine will surely have an Indian tribe looking to cut into the profits. I figure in a economic collapse not much changes in the lives of Africans, Mexicans, and South Americans.

Kaptain, I'd be very careful with the miners. Note that they have not moved much with the price of silver in the last couple of weeks. One factor is the high price of oil, which increases costs for the mining companies and decreases profits and margins. I feel that we're in a mini-bubble with silver short term (long-term there's a lot more upside), and it could crash just as quickly as it's gone up. The miners could take a big hit as a result. If you're playing with house money, then fine, but if you have profits, book them. You can never go wrong with realizing an actual paper gain, and then come back to pick up more once they are cheaper.

I did book some profit in silver and agriculture before the silver miners paused. I bought some back at a lower price because they have paused. I'm staying away from any miners that have more than doubled in the last year. I trade through Sogotrade ($3 trades). Like many other brokerages, ETF's are not maginable - so I have to play the miners if I play silver at all.

I know everyone is expecting this to look like the silver crash that happened when silver went over $20 and then started to crash down to about $8.50 in 2008. I see things a little differently this time. That crash occurred in tandem with a general market crash. Inflation was rarely talked about in the mainstream. Now, everyone is cautious as we have been approaching $50, unlike the lack of caution at $20. Yet silver ran towards $50 anyway. The miners paused and I saw that combined with Pan American's fake bad news as a last chance to buy a real producing company with silver on hand at a low price.

Also, something that is different then last time is that in 2008-09 silver went up and down with the DOW. That trend has changed. I think the correction we see this time will be small and short. Money won't flow into U.S. dollars and bonds like last time. Breaking past 50 and holding I think will send silver into large moves upwards. Considering the move up for silver, yesterday's move down was weak. In fact, I think silver may have still ended up for the day - not sure. In short, if silver is going up when everyone is cautious, what will it do when people are optimistic?

The only reason $50 is a magic number is because that's what silver hit at its high in 1980. That's thinking numerically instead of logically. Yes, there are a certain segment of people that are selling at $50 and the market is sure to take a correction. But it will be short, just as sure as I can't just put a quarter in the pop machine and expect a Pepsi to fall out like it did in 1980. What's the new $50?
 

Quiet Speed

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Wow. The criminal banksters or whoever just attacked silver. It took a nose dive of almost $6.00 in a few minutes.
 

Don Wassall

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There may be an attempt to makesilver investorsthink this is a repeat of 1979-80 and try to induce large-scale panic selling, thus alievating the growing industrial shortage and slowing investor demand. It may work but I doubt it. The run-up this time has been fairly quick but much steadier, and instead of just a few people trying to corner the market, ala the Hunt brothers, this time it's millions of small investors (along with governments like India and China buying as much as they can because of their perception that the U.S. dollars is going down the crapper).

I think most silverinvestors, because they are savvy and bought silver knowing it'sbeen manipulated for so long,won't fold their hand overnight, but who knows. And silver could be over $50 by the end of tomorrow, it's likely to be a continuing roller coaster ride, hopefully to higher highs after each selloff.
 

Colonel_Reb

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I don't think whatever attempt is being made to push down silver will succeed. If the price drops here this week, I know folks who'll be buying more, not selling. The lid is coming off our fiat money woes and more people than ever realize the value of having silver.

Edited by: Colonel_Reb
 

Kaptain

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This is a similar trick they played on the Hunt brother's. They simply increased the margin requirements on silver speculation - just silver. Total market manipulation. They increased it last Monday and by the end of the week silver had completely recovered. Now they increased the requirements again after close on Friday. Very shrewd - since most Asian Markets are closed on Monday. I think it is an attempt to drive the market down further by catching American speculators in Margin calls on Monday morning. I don't think it will work.

cme silver margin raised after close on friday
 

Colonel_Reb

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CME is doing it again, but it won't work. There is too much demand for silver.


(Kitco News) -CME Group is hiking silver margins by
another 11.6% after already hiking them twice last week, the exchange
announced Monday afternoon.


The "initial"Â￾ margin to open new speculative positions in the
main 5,000-ounce silver-futures contract will rise to $16,200 from
$14,513, according to a notice released by the exchange. The
"maintenance"Â￾ margin for exiting speculative positions, as well as both
initial and maintenance margins for hedger positions, will rise to
$12,000 from $10,750.


The changes will be effective after the close of business on
Tuesday. Margins are also rising for Comex MiNY silver futures and
E-mini silver futures.


The notice from CME Group, which operates the Comex division of
the New York Mercantile Exchange, said the change is a part of the
"normal review of market volatility to ensure adequate collateral
coverage."Â￾


The complete notice from CME Group can be seen at this link:


http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-156.pdf
 

qj

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Let's hope they are able to smash silver down into the low 30's so us guys can buy even more physical. Doubt that would happen, but you never know. To me, it looks like the Asians are at the controls, and they're buying physical silver, but it appears they are also smart and do not chase the price. Lower prices for physical silver will likely generate some more large-scale physical buying by the Asians which will tighten the noose around the paper silver tigers' necks (HSBC, JPM) just that much more. HA HA!!!! Hopefully, we'll have some consolidation and may be a drop in the price for a while.

Ain't this silver war fun?
smiley9.gif


For the newbies out there, the last time silver was really smashed was in 2008. Physical silver prices dropped over 50 percent, largely due to manipulation by the PTB. Many silver mining shares collapsed over 80 percent in the implosion. Yet, you could still fetch pretty good prices for your silver rounds and Eagles on Ebay and elsewhere. If you held physical at that time, your paper loss was much less than those who held paper silver in the form of SLV or the shares. I personally took the opportunity to load up the truck and bought a chunk of the shiny stuff for under 9 bucks. Dude, now that was a smokin' deal! Thanks JPM!! Thankfully, the silver shares have largely recovered over the last few years as the silver has recovered than soared in price. The banksters are desperate right now and are pulling out all stops to try and kill silver, but I agree with Colonel in that they (JPM, HSBC) will not be able to generate a large sell off so they can cover their shorts. We'll see.
 

Kaptain

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Well were getting a pretty quick bounce back for silver right now. Since a new CME margin requirement increase happens today and silver is still surging, it's a pretty bullish sign. Anybody got a guess on what the next trick to depress silver is? A general market crash? Surprise interest rate hikes? General margin requirement increases?
 

Colonel_Reb

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So that makes 4 CME increases in less than 3 weeks? Or is the 3rd one just now going into effect? Either way, I think lots of folks are loading up on silver now and that will help it push back toward where it was before the dirty tricksters went to work.
 

Freethinker

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Colonel_Reb said:
So that makes 4 CME increases in less than 3 weeks? Or is the 3rd one just now going into effect? Either way, I think lots of folks are loading up on silver now and that will help it push back toward where it was before the dirty tricksters went to work. 
I just loaded up on some last night. May get more before it hits $40 again. I had a very hard time buying what I normally buy. Many of the rounds are simply sold out while other coins (American Eagle, Canadian Maple Leaf, etc) have very high premiums. The world is awake and silver cannot be suppressed this time.
 

qj

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CME and the Boyz are just pushing more and more people into physical silver as the paper market gets funkier and funker. They just put physical on sale for all us happy campers to load up on. I haven't heard, but I imagine the Boyz weren't even able to cover their monstrous short position. Ha Ha!!

Maybe they can push the paper price down some, perhaps into the low 30's or even the high 20's. The reality of a burnt and smoldering financial system and fiat dollar remains the same regardless.
 

Colonel_Reb

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DixieDestroyer sent me this link earlier today. Like him, I don't think the Central Banksters will let this happen. Another reason I doubt this will happen is that the U.S. doesn't have near enough physical gold in reserve to cover the debt. If it were to ever go back to gold, it would probably be through an exchange system like Bretton Woods. I just don't see it happening though.

http://www.humanevents.com/article.php?id=43439

Steve Forbes predicts that the U.S. will be on the gold standard within 5 years
A return to the gold standard by the United States within the next five
years now seems likely, because that move would help the nation solve a
variety of economic, fiscal, and monetary ills, Steve Forbes predicted
during an exclusive interview this week with HUMAN EVENTS.

"What seems astonishing today could become conventional wisdom in a short period of time,"Â￾ Forbes said.

Such
a move would help to stabilize the value of the dollar, restore
confidence among foreign investors in U.S. government bonds, and
discourage reckless federal spending, the media mogul and former
presidential candidate said. The United States used gold as the basis
for valuing the U.S. dollar successfully for roughly 180 years before
President Richard Nixon embarked upon an experiment to end the practice
in the 1970s that has contributed to a number of woes that the country
is suffering from now, Forbes added.

If the gold standard had
been in place in recent years, the value of the U.S. dollar would not
have weakened as it has and excessive federal spending would have been
curbed, Forbes told HUMAN EVENTS. The constantly changing value of the
U.S. dollar leads to marketplace uncertainty and consequently spurs
speculation in commodity investing as a hedge against inflation.

The
only probable 2012 U.S. presidential candidate who has championed a
return to the gold standard so far is Rep. Ron Paul (R.-Tex.). But the
idea "makes too much sense"Â￾ not to gain popularity as the U.S. economy
struggles to create jobs, recover from a housing bubble induced by the
Federal Reserve's easy-money policies, stop rising gasoline prices, and
restore fiscal responsibility to U.S. government's budget, Forbes
insisted.

With a stable currency, it is "much harder"Â￾ for
governments to borrow excessively, Forbes said. Without lax Federal
Reserve System monetary policies that led to the printing of too much
money, the housing bubble would not have been nearly as severe, he
added.

"When it comes to exchange rates and monetary policy,
people often don't grasp"Â￾ what is at stake for the economy, Forbes
said. By restoring the gold standard, the United States would shift
away from "less responsible policies"Â￾ and toward a stronger dollar and a
stronger America, he said. "If the dollar was as good as gold, other
countries would want to buy it."Â￾

An encouraging sign for Forbes
is that key lawmakers besides Rep. Paul are recognizing that the Fed is
straying well beyond its intended role of promoting stable prices and
full employment with its monetary policies.

Forbes cited Rep.
Paul Ryan (R.-Wis.), who, he believes, understands monetary policy
better than most lawmakers and has shown a willingness to ask tough but
necessary questions. For example, when Federal Reserve Chairman Ben
Bernanke appeared before the House Budget Committee in February, Ryan,
who chairs the panel, asked Bernanke bluntly how many jobs the Fed's
quantitative-easing program had helped to create.

Politicians
need to "get over"Â￾ the notion that the Fed can guide the economy with
monetary policy. The Fed is like a "bull in a China shop," Forbes
said. "It can't help but knock things down."Â￾

"People know that something is wrong with the dollar," Forbes concluded. "You cannot trash your money without repercussions."Â￾
 

jaxvid

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Steve Forbes, cluless as ever. If going to the gold standard would end the shenanigans of the Fed and banksters by a return to sound money, then that is reason enough to know it will never happen. There are no politicians in Congress that do not know the real score, and that is that bankers and investers rule the system. A return to gold is less likely to happen then a return to the moon.
 
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