“A visitor from another planet would surely be scratching his head about the current price discrepancy between gold and silver. The one that is the more rare and needed is selling for less than 2% of the price of the other. It would quickly occur to the alien that if just 1% of the money in gold switched into silver, that would equal an amount more than 3 times all the silver in existence. The visitor would wonder how so few of the earth’s 6.5 billion inhabitants could not see this discrepancy between two items that dated from the birth of human history. I’d be willing to bet that such an alien, should he exist and have a desire to make some big human money, would buy silver.”

- Ted Butler who writes for Investment Rarities and considered the World’s leading Silver Analyst.

Here's a real life experience of the corruption within this industry:
I purchased some 90% junk silver through a company called Monex Corp. during the last explosive precious metals blowoff & sold it on the very day of the top of that market when silver was $52.50/troy oz.. A single bag of this junk silver we're told contains 720 troy ozs. of pure silver locked away in their clad form as coins. Now, as my old friend, Walt Sohnrey, told me many yrs. ago: The liars can figure but the figures don't lie: After giving the broker my sell order and he filled it, he came back & said to the effect that: everybody & their uncle had come in just that day with old cigar boxes & socks full of silver coins which depressed the price of my sale from $37,800 down to around $2,500 & that's what my check was but that's not profit, because I can't remember how much I had to put down on it to hold it as their risk taker with margin moneys on the side. Do you think I have any faith in the brokerages that deal in these speculations, when they let you hold the bag until it becomes a sure thing & then they use their positioning to make all the money? What kind of a caste system is that that controls our country and, afrer the bailouts we've undergone, don't any of you think for even one monute these brokerages won't insult our intelligence again with such charades which are smaller by comparison right now against the backdrop of the bailout $$$'s but you look out for yourselves working with brokers….they can be envious and/or covetous when they see and then want your profits for themselves!! Take physical possession and demand your rights when it is time for you to sell what you've earned or suffer the unintended consequences! There's nobody around who cares to take your side against a brokerage company as you can see looking at our present systems bailout mania. When we are too poor to fight and they see our urgencies to sell, look out they will take you for everything you've go & then some if they can!!
Russ Smith, California
resmith@wcisp.com