101AAAXXXXXXXXXXXXXXXXXXX The Truman Show XXXXXXXXXXXXXXXXXXXXXXAAA101
1000 The Long Term SILVER chart, with Gold, Copper, Oil, Natgas & the gold/silver ratio
The single most powerful force in all of nature is survival. Above all, survival of one's body, and then of the species.
By extension, this involves protection of savings, the fruits of one's toil, and the expectation that there will be a reward
for forgoing immediate consumption and gratification. Just as squirrels collect acorns which may sustain them and ensure
their survival in the winter, so humans will, if they can, save for enhanced well-being in the future.
The medium in which they hold their savings is crucially important: they will not rationally choose a vehicle which is
vulnerable to erosion or worse, disappearance.
Here, the significance of gold (and silver) falls into place. Consider its characteristics:
It is rare, and its quantity is limited. The entire amount extracted from the ground in all of history amounts to 165,000 metric tons.
This is equivalent to a cube 20 meters long/deep/wide.
It is difficult and expensive to find, mine, and bring to the surface. It is therefore subject to only small and slow incremental supply.
It is indestructible, homogeneous, and easily reconstituted if diluted or broken up.
It is compact, and therefore permits transportation of a high value in a relatively small space.
It is the only universally used asset that can be instantly converted to cash (even by the world's central banks) that is not someone
else's liability. And, of crucial importance, it is anonymous.
Not one of these attributes is unique to gold. What makes gold unique is that it is the only form of money which combines all of them.
Sous les graphiques suivants >> un extrait d'une bonne interview de Doug Casey et quelques chiffres et nombres interessants pour ce rendre compte du POTENTIEL et des echelles...
En page 2 >> un ZOOM (Short Term Charts) & quelques conseils concernant les MODALITES PRATIQUES.
1001 The Mid Term US Big Picture >> The 10y Int. rate, the $ & the S&P500
It's an unfortunate historical anomaly that people think about the paper in their wallets as money. The dollar is, technically, a currency.
A currency is a government substitute for money. Gold and silver is money.
It's hard to exchange things people don't want, and some things don't store value well. Over thousands of years, the precious metals have
emerged as the best form of money. Gold and silver both, though primarily gold.
There are very good reasons for this, and they are not new reasons. Aristotle defined five reasons why gold is money in the fourth century BC
(which may only have been the first time it was put down on paper). Those five reasons are as valid today as they were then.
A good form of money must be: durable, divisible, consistent, convenient, and have value in and of itself. Can you elaborate on that?
Yes, and from them, we can draw inferences that will help us anticipate the fate of the dollar and the other paper currencies...
First, let's take DURABLE. That's pretty obvious. You can't have your money disintegrating in your pockets or bank vaults.
That's why we don't use wheat for money; it can rot, be eaten by insects, and so on. It doesn't last.
DIVISIBLE. Again, obvious. It's why we don't use diamonds for money, nor artwork. You can't split them into pieces without destroying the value of the whole.
If I paid for a new Ford GT with the Mona Lisa, what would be my change? A small canvas by Picasso?
CONSISTENT. The lack of consistency is why we don't use real estate as money. One piece is always different from another piece.
CONVENIENT. That's why we don't use, for instance, other metals like lead, or even copper. The coins would have to be too huge to handle easily to be of sufficient value.
VALUE of itself. The lack here is why you shouldn't use paper as money. (suite ci-dessous)
1002 Ishares Silver Trust >> paper silver...
Actually, there's a sixth reason Aristotle should have mentioned, but it wasn't relevant in his age, because nobody would have thought of it?
It can't be created out of thin air. Right. Not even the kings and emperors who clipped and diluted coins would have dared imagine
that they could get away with trying to use something essentially worthless as money.
It's not a gold bug religion, nor a barbaric superstition. It's simply common sense. Gold and silver are particularly good for use as money,
just as aluminum is particularly good for making aircraft, steel is good for the structures of buildings, uranium is good for fueling nuclear
power plants, and paper is good for making books. Not money...
If you try to make airplanes out of lead, or money out of paper, you're in for a crash.
That gold is money is simply the result of the market process, seeking optimum means of storing value and making exchanges.
But it's not something that suits governments, because paper money is an excellent means for governments to tax people indirectly,
surreptitiously, through inflation. That's one reason central bankers love paper money, but also, phony economic theories,
like those of John Maynard Keynes, hold that the government not only can but should meddle with the economy, and the ability to
print paper money gives them a means to do that. In today's world, not only do people around the world take it for granted that paper
is money, but that it should be so.
But it's all nonsense. It's one reason for taking a gloomy view of humanity -- people will believe almost any kind of claptrap, if the story is
retailed by those in authority.
After the current system collapses, as every paper money system in the past has collapsed, some form of money will have to replace it,
and it's almost certainly going to be gold.
1003 Global Silver Miners ETF
We spoke earlier about inflation and the likelihood of the U.S. government printing its way out of debt. Do you see a point in time where
the United States or even other governments will go back to the gold standard?
It's both essential, and inevitable. That's because they have no reason to trust one another. They need a medium of exchange and a store
of value that's not faith-based. All the other governments of the world know that the U.S. is bankrupt and the dollar is nothing but a floating
abstraction. Why should they hold billions or in some cases trillions of these things on their balance sheets?
They're going to go back to gold because it's the only financial asset that's not simultaneously somebody else's liability.
It's not because gold is magic in any way. It's just because it has characteristics that among the 92 naturally occurring elements make it
uniquely well suited for use as money. It's durable. It's divisible. It's convenient. It's consistent. It has use value in and of itself.
And it can't be created out of thin air by some government. It's a better combination of those things than any of the 92 elements.
It's infinitely better than paper. So yes, I think they'll go back to gold within this generation.
You were speaking of buying things online. Most people today don't even use paper bills. We do everything electronically in terms
of banking. Aren't those properties of gold that you described irrelevant in the electronic era?
To the contrary. Gold is an asset. You can put it in your bank account and transfer it. You can buy and sell it electronically.
The fact that it can be transferred electronically today makes it a better money than ever before. So no, not at all, gold is quite relevant.
It's not in any way an anachronism. I pity fools like Bernanke and Geithner who don't understand that.
If they totally destroy the dollar, they may end up hung by their heels from a lamp
1004 Silver Wheaton
EXERCICE 1 >> Because of the fear of inflation in the coming years everyone should buy a little. 'Everyone' >> 1% of the world population & 'A little' >> un tube de 25 oz d'Ag)
First year: 70 millions x 25 oz >> 1,750 000 000 d'Oz
2nd year: 70 millions x 50 oz >> 3 500 000 000 d'Oz
3rd year: 70 millions x 50 oz >> 3 500 000 000 d'oz
4th year: 140 millions x 100 oz >> 14 000 000 000 d'oz (ici le bruit se repand et 2% sont maintenant interresses.)
5th year: 140 millions x 500 oz >> 70 000 000 000 d'oz (ils achetent finalement une 'Monsterbox' (500 oz))
Even after the 5th year at ($1000/oz?) we will still not be in a bubble with only 2% of the growing world population REALIZING that
for a very small part of their capital, real money is a lot safer, better & useful than the worthless digits created by the world
central banks at no cost (for them...) with a record of a 100% failure through history...
This indicates to me that there's going to be a shortage very soon, cause they will be in competition with the industrial users to secure
as much as possible of the half billion Oz left, the only willing sellers will be those who don't understand the fundamentals, and soon
after they will cry...
EXERCICE 2 >> 1% of global funds under management flows to physical silver.
There's now more than 100 trillion in the global fund management industry. That's the total amount of money that can flow towards silver.
There's been 65 (2008), 80 (2009), 100 (2010) millions Oz collected by the 'silver savers' which is about 1, 2, and 3 billions $
when multiplied by each year average price.
3 000 000 000 : 100 000 000 000 000 >> it's a ratio of a 100 000 to 3...
(3 billions) : (100 trillions)
1005 Mexican Silver Majors
** There's 41,000 ppm of Iron and 0,07 ppm of silver in the earth's crust (Iron price >> $0,0815/lb - Silver price >> $352/lb)
If Iron is fairly valued, then it seems silver should be valued at $2 983/oz in light of their relative abundance.
Against Titanium >> silver should be valued at $15 450/oz
Against Magnesium >> silver should be valued at $925/oz
Against Aluminium >> silver should be valued at $60 072/oz
Against Zinconium >> silver should be valued at $2 714/oz
Against Tungsten >> silver should be valued at $26 594/oz
Against Neodymium >> silver should be valued at $1 773/oz
Against Gallium >> silver should be valued at $2 298/oz ??? at $20/oz like now, 'un gimme' cousu de fil blanc...
** There's around $3 billion (100 million oz) invested per year worldwide in physical silver (as a store of value).
Now in the USA only, there's 6 billion wasted a year on unused giftcards, 7 billion in ATM fees,
29 billion is spend on candy, 31 billion in lottery tickets, 44 billion on tabacco, 50 billion on alcohol,
70 billion gambling in casino, 76 billion on soda...
1006 Other Silver Majors
150 mil shares Ful. Dil. & GoldCorp owns 40% of it.
Product. >> 20 m Oz/year in Guatemala
AINSC (All in sustaining cost) 10$/Oz
@ av grade for Q1 2014 of 551g/tonne
1007 Mexican Silver Juniors
Impact Silver 01/09/2014 >> 75 mil Ful. Dil. Shares -- 15% Insider & Institut ownership -- !!! The Company continues to be free of long term debt !!!
Net working capital decreased to $4.3 million on June 30, 2014, compared to $6.9 million on December 31, 2013. -- 1m Cash.
Capital expenditures during the quarter included mineral property expenditures of $0.7 million which reduced cash to $1.7 million.
Revenues for the second quarter of 2014 were $2.6 million, an approximately 32% decrease from $3.8 million in the second quarter of 2013, resulting primarily from a decline in the silver grade and price.
Net loss of $1.0 million for the quarter, an improvement from net loss of $1.3 million in Q1
Silver production decreased 18% to 152,595 ounces for the second quarter of 2014, down from 185,998 ounces in the same period of 2013 but up 3% from the first quarter of 2014.
Average mill feed grade for silver in the second quarter of 2014 decreased to 142 grams per tonne (g/t) compared to 163 g/t in the second quarter of 2013, but up slightly from 137 g/t in the first quarter of 2014.
SVBL (Moriarty) >> 20/10/2013 (159 million shares) With a cutoff grade of 25-g/t silver, you have 163 million ounces of silver in the ground. That's just over 1 ounce per share. You are buying silver for $.34 an ounce.
It cost more than that back in 2002 with silver under $5 an ounce above ground.
Silver Bull just released their PEA (Preliminary Economic Assessment) for their Sierra Mojada deposit in Coahuila, Mexico. It was very positive. The shares went down. Go figure.
The PEA shows a Capex required of $297 million to produce 5.5 million ounces of silver yearly for an 18 year mine life. But I've been there and with more drilling, they will expand both the mine life and resource.
It really doesn't make a world of sense to drill off a 40-year mine life, few of us will be around that long.
At $25 silver, the IRR is 29.7% pre tax. Their life of mine operating cost is about $26.54 per tonne. There will be a credit of 65 million to
1008 Big Silver Resources
BCM.to >> The company had planned to use Santa Ana to help pay for its bigger, $700 million silver project in Peru, Corani.
Bear Creek expects Santa Ana to produce some 5 million ounces of silver per year and Corani to produce about 13 million.
1009 Baltic Dry Index, China, Commodity index, Gold/Oil ratio, Platinum & Palladium
En ce qui concerne les MODALITES PRATIQUES, ** Mike Maloney ** est celui qui explique cela le mieux
>> http://www.youtube.com/watch?v=TL8SbSpucDY >> Les 'Monsterboxes' ou 'Mintcases' (boxes of 500 oz).
>> http://www.youtube.com/watch?v=DyV0OfU3-FU & http://www.youtube.com/watch?v=tj2s6vzErqY
Voici les sources aupres desquelles je m'approvisionne depuis longtemps, sans jamais avoir rencontre de problemes:
>> http://www.thesilverhouse.be/ (Belgique, livraison securisee et assuree)
>> http://goldsilver.com/buy-online/silver/ (USA >> livraison securisee et assuree)
>> http://www.apmex.com/ (USA >> idem)
Pour mon plaisir, chaque fois que je passe une commande, j'y rajoute toujours pour quelques euros de plus, l'une ou
l'autre de ces petites merveilles, que je classe ensuite dans un beau cahier, mais attention on s'y attache...
Deux autres 'bonnes' alternatives plus pres du spot, mais pas en main propre...
>> PSLV (Ticker in the US)