***Precious Metals Investors Club***

[SilverSurfer]

The Stansberry Research Pitch Video has been advertised and disseminated but I finally watched it and much of what he says I agree and have been saying. He goes down some inflation bunny trails that really detract from the real issue -
A Sudden Currency Collapse. The key points:

In 2008 the governments and central banks bailed out the world financial system with a guarantee of the large banks and debts. In doing so they really took possession of ALL THE BAD DEBT, ALL OF IT ! TARP etc. was not the true story. Fannie and Freddie, for example are not just Government Sponsored. Their debt and expenses are owned by the U.S. and the real extent of this liablity has not been revealed. Same with other debt here and around the world. It's all on the balance sheets of Central Banks or guaranteed by Govs.

When the Dollar replaced Gold as the Reserve of Currencies, it gave the U.S. the unique ability and responsibility to keep the financial systems liquid via issue of sufficient dollars so that all other nations could hold dollars, to back their currency and buy dollar denominated commodities, like oil. Nice position for the U.S. but this opened up a major opportunity for the financially swift and some would say immoral, major banks of the world to play in a way few could have imagined, blowing up money/debt to a surreal level.

This situation was denied by the powers that be because of the "Normalcy Bias". People tend to think that things will trend along the way they have and Black Swans will pass. But September 2008 really was a seminal event and money as we knew it died but has been in a prop up "Weekend with Bernie" state since. I have been saying that the Central Banks will NEVER replace Gold or Precious metals back to the "Reserve" status, but if the prices continue up and up, a Gold/Silver/Platinum/Pladium or something like that "Standard" will happen - DEFACTO. Fiat Money will no longer act as a place to Store Value and the metals will take on that function. The clue this transference is happening now is the surge in Silver. Gold has always maintained an extra premium because of it's "money" value, but Silver was completely demonitized. Silver was nothing more that a commoditiy, so the Gold/Silver ratio went from the historic 1/16 to 1/60 or more. Gold has leveled off but the price of Silver is parabolic. Possibly because it is being re-monitized. If it has broken resistance and holds above 31 I say it will go to 35. If it can get to 35, it can go to $50 !! $50 Silver in the next year or so will mean that it is again - MONEY. If Gold / Silver etc continue up from here it will be hard to resist getting in and the DEFACTO Precious Metals Standard can happen with metoric price increases, much to the dismay of Central Banks and Treasuries all over the world. Watch Silver these next few days/weeks/months... hge
http://www.stansberryresearch.com/pro/1011PSIENDVD/LPSIM275/PR