VIDEO: Silver and Gold home based business

The power of network marketing combined with the perfect prodict, in the perfect time!
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Is College a scam???

Mind Boggling!

How Much is a Billion
Depends on who you ask

How many zeros in a billion?

The next time you hear a politician use the
Word ‘billion’ in a casual manner, think about
Whether you want the ‘politicians’ spending
YOUR tax money.

A billion is a difficult number to comprehend,
But one advertising agency did a good job of
Putting that figure into some perspective in
One of its releases..

A.
A billion seconds ago it was 1959.

B.
A billion minutes ago Jesus was alive.

C.
A billion hours ago our ancestors were
Living in the Stone Age.

D.
A billion days ago no-one walked on the earth on two feet.

E.
A billion dollars ago was only
8 hours and 20 minutes,
At the rate our government
Is spending it.

While this thought is still fresh in our brain…
let’s take a look at New Orleans …
It’s amazing what you can learn with some simple division.

Louisiana Senator,
Mary Landrieu (D)
Is presently asking Congress for
250 BILLION DOLLARS
To rebuild New Orleans . Interesting number…..
What does it mean?

A.
Well . If you are one of the 484,674 residents of New Orleans
(every man, woman, and child)
You each get $516,528.

B.
Or…. If you have one of the 188,251 homes in
New Orleans , your home gets $1,329,787.

C.
Or… If you are a family of four…..
Your family gets $2,066,012.

Washington , D. C

HELLO!
Are all your calculators broken??

Building Permit Tax
CDL License Tax
Cigarette Tax
Corporate Income Tax
Dog License Tax
Federal Income Tax (Fed)
Federal Unemployment Tax (FU TA)
Fishing License Tax
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax)
IRS Penalties (tax on top of tax)
Liquor Tax
Luxury Tax
Marriage License Tax
Medicare Tax
Property Tax
Real Estate Tax
Service charge taxes
Social Security Tax
Road Usage Tax (Truckers)
Sales Taxes
Recreational Vehicle Tax
School Tax
State Income Tax
State Unemployment Tax (SUTA)
Telephone Federal Excise Tax
Telephone Federal Universal Service Fee Tax
Telephone Federal, State and Local Surcharge Tax
Telephone Minimum Usage Surcharge Tax
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Utility Tax
Vehicle License Registration Tax
Vehicle Sales Tax
Watercraft Registration Tax
Well Permit Tax
Workers Compensation Tax
(And to think, we left British Rule to avoid so many taxes)

Not one of these taxes existed 100 years ago…..
And our nation was the most prosperous in the world.

We had absolutely no national debt…..
We had the largest middle class in the world…..
And Mom stayed home to raise the kids.

What happened?
Can you spell:

‘POLITICIANS!’

The Meltup – One of THE most important documentaries of your life

If you can’t touch it, you don’t own it – Gold/Silver Short Squeeze

What if their isn’t the gold and silver to cover all the certificates being sold? What if most people decided they want their gold? J.P Morgan has been exposed for this short squeeze. – Source Link Common sense should tell you that if this becomes common knowledge, Gold and silver prices will shoot to the moon. – Denver

World collapse explained in 3 minutes

The GLD and SLV: Legitimate Investment Vehicles or Not?

In my opinions and suggestions (remember, I am NOT an investment advisor) I am passionate about protecting you and I’s future from the likely, complete collapse of the US dollar.

Still, I emphasis you MUST actually hold the gold and silver in your posession in order to be safe. It is coming to light what many already knew for years, the gold and silver certificates are an illusion. There are many more shares of silver and Gold sold than there is physical Silver and Gold. One the reality of this hits the masses, look out! There will be a rush to get “Mine”. That rush is coming soon, in my opinion. – Denver

=============================================================================

The GLD and SLV: Legitimate Investment Vehicles or Not? – J.S. Kim

First, let me preface this article by stating that this article contains my opinions and speculation based upon no concrete evidence, but primarily upon information contained within the SLV and GLD prospectuses, and secondarily upon instincts cultivated over a decade of research into gold and silver markets. While there is no smoking gun regarding some of the issues I raise in this article, there is plenty of smoke.

Ever since the launch of the US gold ETF, GLD, in November, 2004 and the launch of the US silver ETF, SLV, April 2006, a debate has raged in analyst circles regarding the legitimacy of these two investment vehicles as a proxy for physical gold and physical silver. Though all evidence against investing in these two trusts has been entirely circumstantial, plenty of red flags exist in both the GLD and SLV prospectuses that should steer any logical, rational human being that wishes to own gold and silver away from these two investment vehicles.

Conflicts of Interest

Let’s begin with the obvious. Is it not a huge conflict of interest that JP Morgan, a bank that perpetually ranks among the largest short positions against silver on the COMEX, is the custodian for the iShares Silver Trust (SLV)? According to silver analyst Ted Butler, JP Morgan is consistently among the one or two U.S. banks that hold more than 80% to 90% of the entire commercial net short position in COMEX silver futures. If you have positioned yourself to make huge profits from drops in the price of silver, is it reasonable for you to simultaneously desire investors to buy more physical silver (if indeed the SLV holds the amount of physical silver it claims)?

Is it also not a conflict of interest that HSBC bank, a bank that allegedly holds some of the largest short positions against gold on the COMEX, is the custodian for the SPDR Gold Trust (GLD)? If these banks profit when gold and silver drop, and they manage the largest ETFs in the US regarding these respective metals, is it unreasonable to state that these two banks should be barred from acting as custodians of the GLD and SLV? In fact how is this situation any different than Goldman Sachs’s actions in the past when they originated CDOs and then made a fortune by shorting them, actions that back then, were apparently unknown even to the firm’s own traders? On the surface, it certainly appears to be another classic case of the fox guarding the henhouse.

Alice in Wonderland Prospectuses

I have maintained for a long time now, ever since I carefully read the GLD and SLV prospectuses, that any investor that buys the GLD and the SLV and believes that these two investment vehicles are as risk-free and as sound as purchasing physical gold and physical silver is highly delusional. I call the prospectuses of the GLD and the SLV “Alice in Wonderland prospectuses” because it is literally impossible to ascertain what information contained within them is fact or fiction. Of course, investment advisers that sell their clients the SLV and GLD depend upon their customers not reading the prospectuses, or perhaps even reading them, but not understanding them. Some may say that the word delusional is a harsh term, but a mere glance of the GLD and SLV prospectuses explains my use of this term. Both the GLD and the SLV prospectus contain the following two statements:

“Neither the Securities and Exchange Commission (SEC) nor any state securities commission has approved or disapproved of the securities offered in this prospectus, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense” (emphasis mine); and

“The trust is not an investment company registered under the Investment Company Act of 1940. The trust is not a commodity pool for purposes of the Commodity Exchange Act, and its sponsor is not subject to regulation by the Commodity Futures Trading Commission as a commodity pool operator, or a commodity trading advisor.

Furthermore, the SLV prospectus additionally states, “As an owner of iShares, you will not have the protections normally associated with ownership of shares in an investment company (emphasis mine) registered under the Investment Company Act of 1940, or the protections afforded by the Commodity Exchange Act of 1936.”

Does not anyone else besides me find it ludicrous that both the SEC and the CFTC have not examined either the GLD or SLV prospectus to determine if it is truthful or complete, and that in fact, any claims that the prospectus is truthful and complete is a “criminal offense”? So with nothing in the marketing materials of how these trusts operate or what exactly they buy on behalf of shareholders vetted by an independent third party, how is it that both of these respective trusts are still allowed to cumulatively sell tens of billions of dollars worth of shares to shareholders based upon a prospectus that could possibly be a complete fabrication?

Would you buy a house if you were handed a report that stated the house was structurally sound, there were no harmful gases leaking from the ground, the water source was safe, and no murders were committed inside or on the house grounds within the past year, but were then subsequently handed a disclaimer that stated: “No one has determined whether the information contained in these reports is truthful or complete. Any representation to the contrary is a criminal offense”? If you answered no to this question, then there is absolutely no way that you should believe that buying the gold ETF and the silver ETF is the same as buying physical gold and silver, or even a proxy for buying physical gold or silver.

Multiple Claims on the Physical Gold and Physical Silver Held on Behalf of GLD and SLV Shareholders?

The appointed custodians of the SLV and the GLD, responsible for safekeeping the silver and gold bars owned by the trusts, respectively are JP Morgan and HSBC Bank USA. The GLD prospectus states, “Gold held in the Trust’s unallocated gold account and any Authorized Participant’s unallocated gold account will not be segregated from the Custodian’s assets.” Only Authorized Participants, and no shareholders, have the right to redeem shares for actual gold.

In my opinion, there are several potential huge problems with this arrangement. Physical gold held by the GLD should be held in allocated accounts specifically for the trust. The fact that physical gold held for the GLD may be held in unallocated gold accounts where gold is not segregated from the Custodian’s assets may mean that multiple entities have claims on the same gold bars. In theory, the gold held in the Custodian’s vaults may be used for delivery against shorts they hold in the futures markets while if necessary even though GLD shareholders have a claim on this gold.

A mechanism to apply the fractional reserve banking system to physical gold, an action that many thought impossible to execute with physical gold, may actually be occurring through the gold ETFs. While the prospectus states that “Authorized Participants Unallocated Accounts may only be used for transactions within the trust”, it does not specify how the custodian may use this gold.

In analyzing the SLV prospectus, the following statement can be found: “The trust does not trade in silver futures contracts on COMEX or on any other futures exchange. The trust takes delivery of physical silver that complies with the LBMA silver delivery rules. Because the trust does not trade in silver futures contracts on any futures exchange, the trust is not regulated by the CFTC under the Commodity Exchange Act as a ‘commodity pool’, and is not operated by a CFTC-regulated commodity pool operator.”

Elsewhere in the SLV prospectus, the following claim is also made: “Accordingly, the bulk of the trust’s silver holdings (emphasis mine) is represented by physical silver.” If the bulk of the trust’s silver holdings is represented by physical silver, what constitutes the “remainder”? Clearly, the SLV prospectus states that there is a “remainder”. If you read this statement carefully, the statement clearly refers to the “trust’s silver holdings.” Thus, this statement implies that some of the SLV’s funds are allocated to something else other than physical silver. So what is the rest of the trust’s silver holdings? Paper silver future contracts, air, or something else?

But even were the bulk of the SLV’s holdings physical silver, remember that this claim could be false and still contained in the prospectus due to their qualifying statement at the beginning of the prospectus that:

“Neither the Securities and Exchange Commission (SEC) nor any state securities commission has approved or disapproved of the securities offered in this prospectus, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.”

Perhaps this is the reason why the prospectus warns: “Investors in the trust do not receive the regulatory protections afforded to investors in regulated commodity pools, nor may COMEX or any futures exchange enforce its rules with respect to the trust’s activities. In addition, investors in the trust does not benefit from the protections afforded to investors in silver futures contracts on regulated futures exchanges.”

The very structure of the GLD and SLV ETFs has always bothered me as the structures of these trusts are reminiscent of Vatican City, a completely sovereign entity subject only to its own laws and rules that operates in relative secrecy. I have always believed that the opacity of the operations of the GLD and the SLV would allow the custodians of these trusts, if they so desired, to execute manipulative schemes harmful to the trusts’ shareholders in much the manner that Goldman Sachs shorted subprime mortgages at the same time it was selling CDOs backed by subprime mortgages to its clients.

Where is the Gold?

Furthermore, more suspicion should be raised by the prospectus description of where the gold that is purchased on behalf of GLD shareholders is held. The prospectus states that “the Custodian has agreed that it will hold all of the Trust’s gold bars in its own London vault premises except when the gold bars have been allocated in a vault other than the Custodian’s London vault premises” (emphasis mine). This stuff is too good even for a skeptic like myself to make up. The prospectus then goes on to explain that other vaults allowed may reside at the Bank of England, Brinks Ltd., Via Mat International, and LBMA (London Bullion Market Association) market making members, and that in turn, these subcustodians may appoint further subcustodians to hold the trust’s gold if they so desire.

In regard to ensuring that the gold actually exists, the prospectus then states that “the Trustee may have no right to visit the premises of any subcustodian for the purposes of examining the Trust’s gold bars or any records maintained by the subcustodian, and no subcustodian will be obligated to cooperate in any review the Trustee may wish to conduct of the facilities, procedures, records or creditworthiness of such subcustodian.” In other words, the gold reputedly held by the GLD on behalf of shareholders may be held on the moon and no one would have a right to know this but the custodian.

In fact, given the entirely suspicious elements of these prospectuses, were every investor to liquidate their positions in the GLD and SLV and take their cash and buy physical gold and silver instead, I would speculate that the price of gold and silver would rise substantially, though according to the prospectuses, this is an event that should not happen under any circumstance. Now, according to a GATA report by Adrian Douglas, it appears that there may actually be grounds for my past speculations regarding the fact that the GLD and SLV funds may actually be used to help suppress the price of gold and silver on the futures markets.

Alchemy: Turning Physical Gold into Paper

According to a July 11, 2009 article titled “The Alchemists”, Douglas states: “delivery notices at the COMEX cannot be reconciled with movements of metals from and into the warehouse. Clearly these are not going to match on a daily basis, just as orders into a factory will not match shipments out on any given day, as there is a time lag. But when averaged over a month, the “flow” of metal inventory should be comparable to the delivery notices issued. This is just basic accounting. But I have observed that reconciliation is almost impossible with the COMEX data. The only explanation I could think of is that settlement of contracts must be bypassing the warehouse. But how could this be possible, as I thought all contracts had to be delivered via a COMEX registered warehouse?”

In an attempt to reconcile this discrepancy, Douglas asks the all important question of what qualifies as “physical gold” according to COMEX guidelines. Douglas believes he has found a loophole in Exchange Rule 104.36, which governs exchange of futures for physicals (‘EFP’) transactions on the COMEX Division. Exchange Rule 104.36 “refers to a ‘physical commodity’ as one of the required components of an EFP transaction but also indicates that the physical commodity need only be substantially the economic equivalent of the futures contract being exchanged.”

Exchange Rule 104.36 further states, “The purpose of this Notice is to confirm that the Exchange would accept gold-backed exchange-traded funds (‘ETF’) shares as the physical commodity component for an EFP transaction involving COMEX gold futures contracts, provided that all elements of a bona fide EFP pursuant to Exchange Rule 104.36 are satisfied.”

An EFP transaction is an Exchange of Futures for Physicals (EFP) whereby the buyer or seller may exchange a futures position for a physical position of equal quantity. EFPs may be used to either initiate or liquidate a futures position. Thus, quite incredulously, Douglas has discovered that COMEX allows for paper ETF gold shares to pass as “physical gold” in EFP transactions that are allowed to close out futures positions.

Again, if I understand Douglas’s assertion correctly, this could conceivable allow a firm like JP Morgan to open up massive shorts against gold in the COMEX markets and to close out their own short positions by delivering shares of a gold ETF in an EFP transaction. If this has indeed occurred in the past, then this loophole would easily explain why, in the past, gold ETF inventories have curiously risen or remained virtually steady during periods when the price of gold futures contracts on the COMEX was plummeting. As Douglas stated in his paper, this would indeed by the ultimate alchemy of regulating gold prices by turning physical gold into paper. Instead of purchasing a long futures contract to cancel out a short futures contract, gold ETF shares could be purchased to achieve the same effect.

The CFTC Should Investigate the GLD and the SLV, Audit their Holdings, and Report Their Findings to the Public

Thus, if the new CFTC Chairman Gary Gensler is truly sincere in his public comments about increasing transparency in the commodity markets, I suggest he begin with an investigation of the unregulated SLV and GLD ETFs to

(1) Determine the exact composition of the holdings within these trusts; and

(2) Determine if the custodians of these ETFs are engaging in activities outside of those stated in their prospectuses to unduly influence and/or manipulate the price of gold and silver markets.

It is entirely ludicrous to allow the custodians of these two ETFs to operate with zero outside regulatory oversight given the numerous troubling statements in both of their prospectuses, the tip of which I’ve explored within the realm of this article. If these trusts are operating according to the statements made within their respective prospectuses, then they should have nothing to hide and therefore should welcome an independent audit of their vaults to dispel all naysayers. Of course, since there is a complex web of custodians, subcustodians, and subcustodians of the subcustodians, perhaps it would be impossible to conduct such an audit.

The latest data reported on July 8, 2009 by the SPDR Gold Trust, the GLD, states that 1,109.81 metric tons of gold are being held on behalf of GLD shareholders. In some manner, an independent auditor should be allowed to confirm that the custodian of the GLD holds 1,109.81 metric tons of gold that have no claims on it other than the GLD shareholders. If this happens, then all speculation regarding the GLD ETF will disappear into the sunset.

Until then recall this 2005 story about silver custodian Morgan Stanley:

NEW YORK, June 12 (Reuters) – Morgan Stanley plans to settle a class-action lawsuit, brought by clients over the purchase and storage of precious metals, in a deal worth $4.4 million, according to a court filing. The proposed settlement, which still needs to be approved by the federal court in Manhattan, includes a cash component of $1.5 million and economic and remedial benefits valued at about $2.9 million, according to the filing on Monday.

The lawsuit, filed in August 2005, alleged that Morgan Stanley had told clients it was selling them precious metals that they would own in full and that the company would store. But Morgan Stanley was actually making either no investment specifically on behalf of those clients or making an entirely different investment of lesser value and security, according to the complaint (emphasis mine).

Morgan Stanley was not immediately available for comment. But it has argued that there were no violations of law and no default or failure to perform or deliver precious metals, according to the filing. The suit was filed by Selwyn Silberblatt, on behalf of himself and others, who bought precious metals – gold, silver, platinum and palladium in bullion bar or coins – from Morgan Stanley DW Inc. and its predecessors and paid fees for their storage, according to the filing.

The suit covers investors who did so between Feb. 19, 1986, through Jan. 10, 2007. Silberblatt, a resident of Maine at the time of the complaint, bought silver bars from Morgan Stanley during the period.

Owning the GLD and SLV is Not the Same as Owning Physical Gold and Physical Silver

In the end, as long as the GLD and SLV prospectuses are allowed to contain misinformation if it so desires according to the words contained within their own prospectuses, then GLD and SLV shareholders may find themselves holding nothing but a bag of hot air just like Selwyn Silverblatt. Furthermore, as long as the issues I broached in this article remain unresolved I imagine that the debate will continue onward about the legitimacy of the GLD and SLV ETFs. Undoubtedly, given the opinions I presented in this article, I would be highly curious to see the outcome and effect upon gold and silver prices were every shareholder of the GLD and SLV to exchange their shares for physical gold and physical silver instead.

There will always be vast amounts of paper gold and paper silver available to be sold, but only a limited amount of physical gold and physical silver. Perhaps this is why the real thing is becoming increasingly difficult to come by these days. Yesterday, the US Mint once again reported that it has temporarily suspended minting of nearly all its gold uncirculated and proof coins and nearly all of its silver uncirculated coins due to very limited availability of blanks.
As the saying goes, with gold and silver, “Get it while you can!” Just ensure that the gold and silver you buy clanks, not floats, when you drop it.

– J.S. Kim (www.ibtimes.com)

Gold Heads for Biggest Quarterly Gain Since 2007 on European Debt Crisis – Bloomberg

Gold, little changed in London today, may gain for a second day as concern over the economic recovery fuels demand for bullion as a means of protecting wealth.

The dollar weakened against the euro before a U.S. report today forecast to show business activity expanded at a slower pace and after the European Central Bank said it would lend banks 131.9 billion euros ($161.5 billion). Gold is headed for its biggest quarterly advance since the end of 2007. Holdings in the world’s biggest gold-backed exchange-traded fund rose to a record yesterday.

“Sentiment is still sour,” said Andrey Kryuchenkov, an analyst at VTB Capital in London. “Scrap selling has also been fairly limited because most players fear more upside to prices amid ongoing uncertainty.”

Gold for immediate delivery added $3.82, or 0.3 percent, to $1,244.47 an ounce at 11:32 a.m. in London. Prices are up 12 percent this quarter. The metal for August delivery was 0.2 percent higher at $1,244.90 on the Comex in New York.

Bullion rose to $1,240.50 an ounce in the morning “fixing” in London, used by some mining companies to sell output, from $1,234.50 at yesterday’s afternoon fixing.

Bullion has climbed 13 percent this year, reaching a record $1,265.30 an ounce on June 21, as investors sought to protect their wealth from prolonged financial turbulence in Europe and on concern the global recovery may slow. The metal is set for a seventh straight quarterly gain, the best run since 1979. Gold rose to records this month in euros, pounds and Swiss francs.

European Bank Lending

The euro slid 9 percent against the dollar this quarter, the most since the third quarter of 2008. The MSCI World Index of equities fell 13 percent in the period, while the Reuters/Jefferies CRB Index of 19 raw materials slipped 6.2 percent through yesterday.

The Institute for Supply Management-Chicago Inc. in the U.S. is forecast to report today itsbusiness barometer fell to 59 this month from 59.7 in May, according to a Bloomberg survey. Figures greater than 50 signal expansion.

The dollar extended declines after the European Central Bank said it would lend banks 131.9 billion euros for three months, less than some analysts forecast and a sign that the region’s financial industry may be stronger than investors estimated. Banks tomorrow need to repay 442 billion euros in 12- month funds, the biggest amount ever awarded by the ECB and a key plank in its efforts to fight the financial crisis.

“Gold prices appear to have become less sensitive to the level of fear and more sensitive to dollar movements,” Filip Petersson, an analyst at Swedish bank SEB AB’s commodity unit, said in a report. Still, “a mountain of sovereign debt in the western world and growth concerns” are giving “rock solid support” to gold, he said.

ETF Record

Bullion has advanced in 2010 even as the dollar, which usually moves inversely to gold, has strengthened against the euro. Bullion gained 24 percent last year as the dollar weakened 2.5 percent.

Assets in the SPDR Gold Trust, the biggest ETF backed by bullion, gained 4.26 metric tons to a record 1,320.44 tons yesterday, according to the company’s website. Global holdings of the metal by ETFs rose 3.9 tons to an all-time high 2,067.7 tons yesterday, according to Bloomberg datafrom 10 providers.

“Demand for gold as a safe haven will remain strong, which should oppose any major declines in prices,” Eugen Weinberg, head of commodity research with Commerzbank AG, wrote in a report. “Due to the currently high price level, profit-taking by short-term oriented investors is increasing.”

Silver for immediate delivery in London added 1.3 percent to $18.73 an ounce, increasing its gain this quarter to 7.2 percent. That’s a sixth straight quarterly advance, the best streak since the beginning of 1980.

Platinum was 0.5 percent lower at $1,536.25 an ounce, and palladium was up 1.1 percent at $457.42 an ounce. Both metals are set for their first quarterly loss since the end of 2008.

To contact the reporters on this story: Kyoungwha Kim in Singapore at Kkim19@bloomberg.net;Nicholas Larkin in London at nlarkin1@bloomberg.net.

Hyperinflation part 1-3. It CAN happen in the USA, and is on the way.

Collecting Silver and Gold is a wise choice in ANY economy. Would you be better off today if you had been collecting silver and gold the past 5 or 10 years? YES! And the answer to that question is ALWAYS the same. Silver and Gold is GOD’S money. It can NOT be created by anyone. IT will ALWAYS be valuable because of it’s scarcity.

Robert Kiyosaki (Best selling author of “Rich dad, poor dad, real estate guru and self made multi-millionaire) says that SILVER is the number one investment to protect yourself from inflation. Right now, and only for a short time, it is priced low enough and “Average Joe” can get into the game. Investing is not just for the rich… at least right now.

At $18 per once (at the time of this post), one could put off some Starbucks purchases, Apple IPAD/IPOD, new computer, new car ect. You should get the picture. Take care of your future FIRST.

Watch this series, SUBSCRIBE, and see if your financial literacy doesn’t increase, and if you experience epiphany.

Thanks to http://inflation.us for their hard work, and great research.

Mortgage Apps HUGE DIP in MAY 2010

It seems there is a possibility that the real estate investors are going to get burned a second time. Will there be an investors left if this happens?

Yeah, you have to look in the extreme bottom right corner.

Click on chart to enlarge