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Every week I will be posting new articles, pics, and videos on whats going on in our economy and the ever changing world around us. Along with my personal commentary and tips on what you can do to prepare for the economic fallout that is quickly approaching. God Bless!

Disclaimer: This blog is provided for informational purposes only and does not constitute an recommendation or offer to purchase any security, investment product, or service of Criner Investments, LLC or it’s affiliates. Criner Investments is invested in physical Gold, Silver, mining companies, and precious metal based ETF's.

Sunday, November 14, 2010

Article: Silver, still the investment of a lifetime

 Read this:
http://www.zerohedge.com/article/guest-post-silver-still-investment-lifetime

If you guys don't know by now I am a huge Silver Bull, and rightly so.  When I first got in I bought my first silver ounce at $18.50 on the ask and is now over $26 an ounce.  I have been accumulating the metal ever since and have gotten into the stock market with it as well.  The point being, based on the article is that metal is still way undervalued and my belief is that even at $50 an ounce it will still be cheap.  Again if you know me personally, you know that I am a huge bear on the U.S. economy and all fiat currencies, especially ours.  We have now begun to buy our own debt (since no one wants to buy our garbage treasury bonds) by debt monetization through the federal reserve.  And as our currency continues to devalue, Gold and Silver will keep going up in price.  Lets face it, the guys in congress and especially our current President have not a clue what is going on currently in our financial system.  For surely if they could see what current policy will have done to our nation by the end of next year(my bet) they will take some much needed action right at this very moment.  But every day that goes by that the Fed continues to print money, and there are no headlines on impending doom in our country, the more you should be worried.  Because the longer we wait, the worse off we are going to be.  Gold and Silver have always been money throughout history, and fiat currencies have always ended up being worth the paper they were printed on.  Nada.  And since silver tested the $30 per ounce mark this week, I believe it is only an indication of what is to come.  So go get you some and spread the word!

Note: At this moment Silver is on a pullback to $26 and is especially cheap at this time, I believe we will never see $26 silver ever again.

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