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(NaturalNews) With all the problems of our economy these days, have you ever wondered why we are facing such catastrophe? And, is there a way to succeed during such trying times? There is good news among all the bad; you just have to know where to look.
Most people owe 400% of what they earn. So, is it any wonder why most folks are attempting to hold on to their money? Each evening, the national news reports on the recent closings of businesses. Look what`s happened to banks and auto sales, as just two small examples. Although autos are being sold at giveaway prices, few are biting. To put this into perspective, in 1971 you could have purchased a luxury vehicle for just a few thousand. Of course, you probably remember how difficult accumulating a few thousand was back then. Now not! Why? Because the U.S. dollar has lost 90% of its purchasing power.
Well, that doesn`t sound so bad when it`s described as "currency readjustment" or "monetizing debt" - these are all just fancy terms for inflation. In early 2006, the Federal Reserve board stopped reporting the M3, which is the money supply and future inflation. This means few of us know how much artificial credit has been pumped into the economy, or how much more will be needed for bailouts, etc. In a past report by economist John Williams called "Shadow Government Statistics," he pegs the money growth rate at 17.3% annually, and rising.
As the printing presses roll - as they must to keep the nation afloat in a sea of red ink - the demand for a safe money increases. That means gold and silver will continue to outlast the paper money of all the nations of earth. If this wasn`t a fact, then why are all the nations who can, holding all they can get? And it hasn`t even begun - which is the silver lining to the whole economic mess. It is actually presenting us with an opportunity of a lifetime.
According to supply statistics on silver, the world uses up more silver each year (850 million ounces) than it mines (about 600 million ounces). That`s an unbelievable shortfall or deficit of 250 million ounces. So, how does the silver industry stay afloat? It`s by selling off its existing inventory! Do you see the picture? And this is when the demand for silver as an industrial metal is at an all-time low.
What do people do when they sense their paper money is in trouble? They buy precious metals! Consider that Asia has ten times the population of the U.S., and seeing the global financial unrest, is gobbling up remaining silver supplies. Funny, silver (also called "the poor man`s gold") has greatly increased in demand, while supplies get harder and harder to obtain.
Why is this happening without a higher price for silver? Here is the deceptive part of the equation that makes silver the buy of the century. Paper silver (that means FUTURE promise of delivery, to the tune of around a billion ounces) has been sold, as traders say, "naked short" - which means the actual silver doesn`t even exist yet. Where will it come from?
It`s only a matter of time until we see the return of precious metals to the honesty and respect they`ve held throughout antiquity. While gold is a wonderful investment, there is also an exceptional opportunity with silver regaining its historical ratio to gold. That ratio for most of history has been 15 to 1. Today it`s 75 to 1; which at $900 an ounce, silver should be selling for at least $60 per ounce instead of $13.00. Now, run the numbers in your imagination when gold hits $2000 or more.
It will indeed be the silver lining to the coming storm.
About the authorPeter Ragnar provides cutting edge information in health, longevity, raw and living foods, human excellence, and financial protection, particularly in the area of gold and silver investments. He is the president of both Roaring Lion Publishing and Golden Lion Mint.
www.PeterRagnar.com
www.GoldenLionMint.com
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