Golden Future

Greece received a $143-billion bailout package from two sources, the Euro Zone and the International Monetary Fund.

The Euro Zone is made up of 16 European member states which have adopted the Euro currency as their sole legal tender. The International Monetary Fund (IMF) is an international organization formed to stabilize international exchange rates, etc. and offers highly leveraged loans. Its headquarters is in Washington, D.C.

Since Greece borrowed too much money for too long and now can't pay it back, British economists told the Greek government to "abandon the Euro" and to default on their sovereign debt to save the Greek economy.

When that happens, look for Spain and Portugal to follow. Together Greece, Spain and Portugal have a combined public and private debt totaling $2.6 Trillion according to the economists at The Royal Bank of Scotland. There is no feasible way these countries can pay that debt back.

So, the assumption that the Euro was stable and would last forever is found to be wrong. The life of the Euro may be only months, at the longest a couple of years. Even the citizens of Greece see the looming catastrophe as vendors sell gold coins as fast as their paper assets can be converted.

German citizens, remembering the currency crisis of the 1930's, are rushing to buy gold coins. In the very near future, individual European countries will dump the Euro.

Last year Russia, China and India, along with other emerging countries, with their need to balance vast U.S. dollar reserves, found that the easiest way to do that is to buy gold. [Call Today] 888-98-Buy-Gold BuyMetalsNow.com

Governments around the world promised citizens economic security in the form of pensions and health benefits which they cannot possibly afford.

The US debt problem looms over all of Europe's debt issues. Our financial crisis is just starting. The IMF has said that the gross public debt of the US will reach 97% of GDP next year and 110% by 2015. That kind of debt is unsustainable.

If debt continues to slow our economy's growth, we will never be able to grow our way out of debt. Yet, the Treasury continues to print money, continuing our monetary instability.

Expect the same in Europe, despite the European Central Bank's anti-inflation mandate. In 2009, Central Banks, which used to be net sellers of gold, are now buyers of gold.

Bernard Shaw once said: "You have to choose between trusting the natural stability of gold or the natural stability and intelligence of members of the government. And with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold."

Look at the final phase of the global financial crisis, the destruction of money's value and the shrinking US dollar. The disaster has already begun.

The US is now the single most indebted nation in the history of the world.

But…gold is still the ultimate safe haven, holding its value better than any other asset class.

Crisis Looms

A crisis looms. Supplies of silver are quickly disappearing as the worldwide market demand continues to grow. New high-tech uses for silver and the demand outpacing the annual production every year since 1990 is causing the depletion of silver's above-ground stockpiles.

Once the largest stockpile of silver in the world, the US government dumped multiple billions of ounces of silver over the years into the world market thereby depressing silver prices. With no stockpile, the US is now purchasing silver at current rates. [Call Today] 888-98-Buy-Gold or visit:SilverForMyIRA.com

Seventy percent of silver production comes as a by-product of other kinds of mining (copper, gold, lead, zinc) which is incapable of keeping up with the current demand for silver.

The supply and demand gap of silver grows wider every day. Silver deposits and reserves have been identified, but until silver prices drive enough pressure to make extraction viable, the profit risk to mines that only produce silver are entirely reliant on the price and demand of the silver.

Silver is the world's most versatile metal. It is most commonly used today as an industrial commodity. Silver has many unique properties. Silver's basic scientific properties continue to be in high demand from high-tech products to computer chips to solar power generators.

Yet silver production is not expected to grow in 2010. CPM, a consultancy firm, states that 12 billion ounces of silver existed in 1900. In 2008 only 680.9 million ounces existed. That's a 94% drop in the above-ground supply. In 2010, it's about 300 million ounces.

Once the world's refined silver has been consumed by industry, it's gone, it's gone forever. More than 95% of all the silver ever mined has already been consumed by industrial use.

Since becoming an essential raw material in the 21st century's global economy, the looming silver crisis will strike at the heart of the major industries that rely on it for its component elements. Many of silver's industrial uses include being used in trace amounts which cannot be recycled, yet the demand is ever increasing as discoveries of its uses grow.

Just to name a few: jewelry, use in the production of solar energy, mirrors, solar cells, silver based batteries that are environmentally friendly, potential applications (because of its anti-bacterial properties) include uses in medical applications for clothing, socks, sportswear, fabrics, hospital and dental furnishings, upholstery, tools, surfaces, clothing, gowns, washes, etc.

Silver is an industrial commodity which manufacturers worldwide do not stockpile. Even a back order of one month could cripple their production of products.

Think what will happen when industrial manufacturers begin to feel the effects of delays in their silver orders. Will they panic? Will they quickly try to build inventories with on-hand supplies?

A wholesale shortage is looming just beyond the current widespread retail silver shortage.

One thing that sets silver apart from gold. The demand for gold is from investors. The demand for silver is from industrial users.

Not Reusable

Neither silver nor gold are being used as a circulating medium of exchange or as common currency. Neither will silver or gold lose value or be nationalized. Ironic that the first silver currency of the modern Greek state was called the Phoenix, considering Greece's financial woes of today.

The gold and silver buying mania is everywhere as investors see the success of precious metal owners' portfolios. To rebuild, guard and prosper after the fiscal politics that devalued the dollar, investors are capitalizing on the profits created by the real intrinsic worth of gold and silver.

People around the world recognize silver's value and it is a popular affordable investment. The US has now allows IRA's (Individual Retirement Accounts) to invest a portion of that portfolio in silver bullion and silver coins. [Call Today] 888-98-Buy-Gold or visit:SilverForMyIRA.com...

However, banks do not want the populous to protect their wealth by saving or hoarding gold or silver. They need movement in the circulation of money to keep bank profits growing.

This worldwide awareness of self-protection of assets through precious metals has reached the common man who is also attempting to repair recent losses and prepare for future profits, if only one silver coin at a time. Since silver is so under priced, and in a lower price bracket then gold, is it easier to accumulate.

Yet, demand for silver is skyrocketing. Just look at the population of China and its needs for silver in the manufacture of electronic, electrical and medical goods to supply its citizens. Its population is as big as Europe and the US put together and its economy, in just the last 10 years grew 300%.

The demand, the limited availability and the small supply of silver are driving its value to unheard of heights as the dollar continues to weaken. When industrial supply and investment demand converge, a global surge will take place. Depletion by industrial usage and shortages caused by lack of new mining will enhance and propel this silver surge.

In 2009, silver posted an average price of $14.67, the second highest average since the high reached in 1980. Much of that strength is attributed to the high demand for silver exchange traded funds (ETFs) as well as physical retail investment. Also, a 21% increase in coins and medals fabrication created this new record.

In an article in Barron's Magazine it was concluded that using the Silver Institute's figures, that the total world silver stock is 650 million ounces, the world would run out of silver completely in 4 years.

Reflect on the fact that Central Banks dumped silver and the fact that these same Central Banks will never get it back. The reason? The silver is being consumed and can't be replaced.

The low price of silver is actually encouraging more consumption and less production! Yet, investors continue to turn to silver as a safe haven against sovereign debt risks