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Specifically to those who mine gold and silver.
Consider changing the policy of shipping your product
into the warehouses that supply bullion which backs up futures contracts.This
procedure is helping those who are depressing the price that you receive for
your bullion!
Instead you need to 'starve the paper market', and think
of ways to convert your bullion into retail products.There is rapidly growing
demand on the retail side for finished products!Here are some examples:
Featured are some examples of 1 ounce 'Rounds' produced
by Johnson Matthey.
This one ounce round is very popular with silver
investors and is available at coin dealers and precious metals
distributors.This one ounce silver round and many similar rounds are
currently being produced by a number of private mints including Sunshine
Mint, Golden State Mint, Silvertowne, Johnson Matthey and others.
Here is the obverse of the Buffalo 1 ounce round,
manufactured by the Silvertowne Mint in Indiana.
Shown here is a 1 ounce round that is produced at the
Sunshine Mint in Idaho.
Featured here is a 1/10th ounce round that is
marketed by many retailers.
Engelhard refinery is known for the Prospector 1 ounce
round.
This one ounce silver bar is produced by Silver Shield
and features a message that rings a bell with many silver investors. This
shows that your product has potential in many directions.
Golden State Mint has created this traditional ½ ounce
pure silver round.
This one ounce round is produced by the Native American
Mint.
These 1 gram gold bars are very popular and are produced
at a number of refineries.
This very popular 1 ounce round is produced by a number
of private mints.
This beautiful ½ ounce round is produced by Apmex.
This stunning replica of one of America's rarest coins is
a popular item in hundreds of coin stores in its 1 ounce silver form.
Silver products come in all shapes and sizes.This 1 gram
silver bar is one of dozens of designs that sell by the thousands.
There is no end to the many different products that can
be created in pure silver, and are purchased by collectors and investors,
like these pure silver bullets.Those of you who are producing raw silver are
urged to contact a silver refinery and work out a marketing plan for finished
product.
--->Finally here is one more suggestion.When you sell
your silver or gold bullion, don't put the money in the bank where it could
end up being targeted during bail-ins, or almost certainly subject to
negative interest rates.Instead buy shares in a gold or silver trust such as
the Sprott Gold Trust, or the Sprott Silver Trust, or Central Fund, or any
trust where the goods are audited on a regular basis.These trusts will then
use your money to buy bullion to store in their vault, away from the futures
warehouses where it is used to back up futures contracts.If you believe in
your product, you will reap a profit from ownership of shares in bullion
trusts that are sure to continue to benefit from the bull market that began
in 2002!
Here are several charts (courtesy Stockcharts.com), to
prove that point.
Featured is the monthly gold chart with its 24 month
moving average.In 2002 price broke out at the 24MMA to start a 9 year
rally.From 2013 until recently, this moving average has proven to be strong
resistance.In February, for the first time in 14 years, price broke out above
this MA again.A testing of the breakout is taking place at the moment and a
close above $1300 will be powerful evidence that a new bull market is
underway. The supporting indicators are positive.
The gold price bottomed in December and is currently
rising in this four-month-old channel.The next rally is expected to begin
once price breaks out at the tip of the green arrow at the $1240 level.The
supporting indicators are ready to turn back up.
Silver is emerging from a bullish wedge
formation.Confirmation will come with a close above the blue arrow.
Peter Degraaf has been an investor for over 50 years.He
publishes a daily report for his many subscribers.For information visit his
website www.pdegraaf.com
Disclaimer:Peter Degraaf is not responsible for your
investment decisions.Please do your own due diligence.
Readers are invited to forward this article to every
mining CEO in your address book.
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