If you take the money that
you want to spend on a mortgage
today and instead put it into gold
and silver, there's a good chance
that in just a few years, the money
you saved by being mortgage-free
now might grow enough to later pay
for your new house outright
http://adask.wordpress.com/2010/03/23/falling-home-prices/
You can't fake gold or silver,
you can't dilute them, nor can you create
more of them - thus making precious metals
the perfect currency.
In addition, since silver is relatively
inexpensive compared to gold or platinum,
it is easier to make change and conduct
other functions of ordinary business
http://www.kitco.com/ind/Lewis/mar262010.html
On March 23, 2010,
GATA Director Adrian Douglas
was contacted by a whistleblower
by the name of Andrew Maguire.
Maguire is a metals trader in London.
He has been told first-hand by traders
working for JPMorganChase that
JPMorganChase manipulates the
precious metals markets, and they
have bragged to how they
make money doing so.
In November 2009 Maguire contacted
the CFTC enforcement division to report
this criminal activity.
He described in detail the way JPMorgan
Chase signals to the market its intention
to take down the precious metals.
Traders recognize these signals and make
money shorting the metals alongside JPM.
Maguire explained how there are routine
market manipulations at the time of option
expiry, non-farm payroll data releases, and
COMEX contract rollover,
as well as ad-hoc events
http://www.gata.org/node/8466
The U.S. should be on the "fast track"
to expand regulation because "excessive
speculation" by hedge funds and other
large traders are "contorting" the market,
Bart Chilton, one of five members of the
U.S. Commodity Futures Trading
Commission, said today during a
public meeting in Washington.
The agency, which oversees more than
$5 trillion in daily trading, in January
proposed adding limits to the energy
markets as part of a government
campaign to prevent individuals or
companies from gaining too much
control of a commodity market.
Investors including Michael Pento
at Delta Global Advisors have said
increased regulation will sap liquidity
http://www.gata.org/node/8465
