Tuesday, August 21, 2012

Silver Breaks $29.00

Silver has broken the $29.00 level, but the word continues to voice concern over the fall of the Euro and the European Zone.

This fall and winter have been the seasons forecast as the time of Euro dissolution. There will be a restructuring with only the states having the strongest economies as members. The "losers" will be bank owned by then, having fulfilled the between-the-lines mandate the European Economic Union was founded upon. That being the case or not, the EU is about to crash.
 

Top Investor Warns of “Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold http://thenewamerican.com/economy/markets/item/12552-top-investor-warns-of-%E2%80%9Cfinancial-armageddon%E2%80%9D-as-soros-dumps-bank-stocks-buys-gold


Silver being at $29.00 may indicate that JP Morgan has stopped pillaging the precious metals market in support of a lost cause, or JPM may be raising the market value in preparation for one last raid. Either way, the expectation remains that investment will flood from the Euro and to the dollar, and then, as the dollar falters under raised taxes and government cuts under Paul-Ryan-type austerity or we go over the December 31st economic cliff, by law, the investment rush will be to precious metals in the portfolio of tangible assets.

Will Israel play as the US proxy and go to war with Iran? Pray it does not especially if you love and enjoy the comfort of your current world. If Israel fails humanity and does, then all bets of all kinds can be thrown to the nuclear wind for some time to come.

If you need to stock up on food and other essentials, then do so now before the poop hits the fan. Now is the time for you to prepare for any and all emergencies.

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