47.5

Not 46.5.  Wait 47.75 now.  48 anybody?  I thought so.

(Kitco Silver Chart)

Link to Post: Fuel Meet Fire

"China propose to cut two thirds of its 3 trillion usd holdings"

No explanation should be required.

The Parabolic Twitch: 1500, 74, and 47?

Things curving in a familiar, calculousy, sort of way.

Gold has passed 1500 and on a longish (5 years or so will do, but more does not hurt) time-line its gains are going parabolic in terms of USD.

The USD Index (DX) has taken a decided twitch downwards lately trying to cross 74, and actually doing so by 0.02 on Friday.

Silver is at 46.5, 47.5?  It is apparently debatable.  Sign of the times?  Following the shape of gold?  More like leading the way, at least intellectually.

Seems like about the right time for everything to accelerate in those directions.  Interest rate pandering is unlikely to influence nuanced reality as much as might be hoped by those responsible for it.  These are not the only places where this parabolic action is going on, from Dollarcollapse.com "Inflation Watch: They are Capitulating".

Link to Post: Deflation or Hyperinflation

FOFOA continues his debate/education of Rick from Rick's Picks question of "why not deflation?"  This is a large very comprehensive post.  You should try to read it all.  It is also a very good overview of the many forces at work under the surfaces of monetary opacity.  He comes to the same conclusion about our monetary system that I have: Hyperinflation.

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"Beware Chinese buying gold."

Obviously, the physics of the global monetary system have been pushing the Chinese to buy lots of gold, and eventually to use the USD to buy as much of everything before the USD monetary system collapses and has been this way for quite a while now.  I said "Beware Chinese buying gold." half a decade ago, but Casey Research came up with this so much more detailed and animated restatement.  Zero Hedge spotted this, they spot a lot of things.

LINK TO VIDEO

Link to Post: "Our Only Hope: You"

The Along the Watchtower blog put up a great bit on Thomas Jefferson, cronyism in media, the creation of bogeymen, the price of oil, and the decline of the dollar.  All in very little space, very much worth browsing over there.

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Link to Post: Why Physical and not ETF's?

In case you have not be paying attention to the possibility that most Silver ETF's fail to hold an appropriate amount of physical silver, here is a bit of a summary and some of the latest news.  Is COMEX complicit in this fraud?  Most probably.

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Link to Post: More on Ben's QE easing box as it is related to the oil price.

It's all pretty simple when you get right down to it.  Either the price of oil goes up causing an end to our society's grand greedy momentum, or the wealth effect of inflation ends along with all of our societies reliance on the forward momentum it created.  One way or another this is going to be a grand ending/new beginning for the monetary system the US has tried to spread around the globe, expect utter chaos.

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Link to Chart: You can not have a monetary collapse without a collapsing currency.

Jesse's Cafe Americain put this chart of the USD up a bit ago and I figured it fit the theme so I am posting a link to it here.  I would not go so far as to call it "very long term," but it makes a good point.  "Batten the hatches, stash the wenches, fornicate your gold, walk the capitalists off the starboard plank and the socialists off the port tis to be a volitle ride matey!  Sanction your sovereign or have it done for you."

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Link to Page: Charting the Basics

This page has some very basic, very important charts for understanding your place in time and the relative conditions in it.  It was put together by USA Gold, the website housing the writings of Another and FOA, on which the blog of FOFOA is based (all good reads).  They indicate, of course, that we are in unprecedented times and massive change is assured.  This is a MUST SEE if you feel vague about the situation, even if you know your numbers, it is worth reviewing and then meditating on again.

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Link to Post: Zero Hedge Guest Post: Bernanke's QE^X Box

There have been a lot of articles lately on how Bernanke will decide on the issue of extending QE.  Gordon T. Long, of Tipping Points, goes above and beyond in explaining that Bernanke is constrained from a variety of angles, forcing him down a middle path, though a middle path which still screws everyone except the very top of plutocratic high society.  Interest rates and the value of the dollar are at odds, to save one destroys the other and results in inflation or requires a near impossible monetary contraction.  Additionally, it also goes on to say that Bernanke will be as vague as possible at the end of month press release while attempting to head fake higher interest rates while planning more QE, which I agree will be his method.  The cake is already baked, everyone gets a bite.

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Silver vs Gold

Statement:
In short:  Silver is a better investment than gold for a number of reasons that end up being unimportant because of the nature of the inflation we face.  Silver and gold are both great investments presently, as well as being excellent stores of value.  Gold is going to cost more U.S. dollars to purchase in the future.  If you want to have more USD in the coming weeks, months, and years, then buy silver now and sell it later.  If you want to avoid the value loss associated with holding USD then buy silver and gold.  Additionally, if you would like to preserve value in the face of a discredited (no pun intended) collapsing world reserve fiat currency which is causing havoc everywhere silver will do that too!