Americas Silver Corp fka USAPF

[NYBob]

aga. ' welcome to 'U.S. Silver (USSIF) LT Long TEAM

Silver @ $1,000.-- feel terribly sorry for anybody on fixed
incomes tied to a fiat currency because they are not going
to be able to buy things with that paper currency' in a
hyperinflation fed banksters black spiders & red cult created
for the People -

"China, Russia, Brazil, India, the Mid-East petro-powers have
diversified their $7 trillion reserves into euros over the
last decade to limit fiat dollar exposure.

As Europe's monetary union itself faces an existential crisis,
there is no other safe-haven currency able to absorb the flows.
The Swiss franc, Canada's loonie, the Aussie, and Korea's won
are too small & all fiats.

"'There is no depth of market in these other currencies,
so gold is the obvious play,' said Neil Mellor from BNY Mellon.

Western central banks (though not the US, Germany, or Italy)
sold much of their gold at the depths of the bear market
a decade ago.

The Bank of England wins the booby prize for selling into the
bottom at €254 an ounce on Gordon Brown's orders in 1999.

But Russia, China, India, the Gulf states, the Philippines,
and Kazakhstan have been buying."

Evans-Pritchard notes that China in particular delays and
obscures its large gold accumulations.

ex....
It has already recently doubled its holdings and plans to
continuing growing its hoard from 1,054 to roughly 8,000 tonnes.

Another strategic buyer of gold he cites is Switzerland,
which has hearings underway on how to develop a
"a parallel Gold Franc."

You can read additional details in his Telegraph commentary
on how there could be a return to -

-- The Gold Standard --

as world order unravels.
25 October 2011
snippet by The Daily Reckoning

http://harveyorgan.blogspot.com/

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68459765


God Bless