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Friday, September 25, 2009
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Silver Stock Report: The Tiny $0.001 Trillion Silver Market
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The Tiny $0.001 Trillion Silver Market
(Millions, Trillions and Billions, Oh My!)
Silver Stock Report
by Jason Hommel, September 25th, 2009
The Silver Market is small. Very small. I don't think people quite understand how small it is, nor understand fully the implications, meaning how much higher silver prices must go as the market grows to accommodate future silver buyers.
Confusing matters is that the terms million, billion, and trillion mean different things, in different nations, and other nations also have different notations for how to write numbers exceeding 1000. Furthermore, most Americans are also unfamiliar with the terms, since most people don't use these terms in daily life. Who needs a billion french fries? But you do need to understand the numbers, in order to interpret political events, such as the amounts being spent by Congress.
Here are the American conventions, which I use in my writings. A thousand is written as 1000 and is notated with commas as 1,000. In America, we use a comma after every three zeros, starting from the far right, so every comma signifies another multiple of 1000.
A million is a thousand thousand. 1000 x 1000 = 1,000,000, also written as a million.
A billion is a thousand million. 1,000 x 1,000,000 = 1,000,000,000 also written as a billion.
A trillion is a thousand billion. 1,000 x 1,000,000,000 = 1,000,000,000,000 also written as a trillion.
A quadrillion is a thousand trillion 1,000 x 1,000,000,000,000 = 1,000,000,000,000,000 also written as a quadrillion.
Knowing that, we can now interpret the following key figures:
The annual Federal Budget these days is about $3 trillion, which can also be written as $3000 billion, or $3,000,000 million, or $3,000,000,000,000.
http://en.wikipedia.org/wiki/United_States_federal_budget
World annual silver production is about 600 million ounces. World annual silver investment is about 50-100 million ounces. All of mine production, and more, including recycling, is consumed by industry, leaving very little left over for any investment.
At $16/oz., x 75 million oz. = $1,200 million, or $1.2 billion, or $0.0012 Trillion.
Again, let's compare:
US annual government spending: $3 trillion
World annual silver investment demand: $0.0012 Trillion
Can you say, "The US government is spending way more than exists in the entire world?" I can. It sounds funny to say it, but I understand what I mean when I say it.
But that's only silver, some will protest. But adding gold to the mix does not help. Watch.
World annual gold mine production is 2500 tonnes, which is (x 32,151 oz/tonne) is 80.3 million ounces. At $1000/oz., that's $80 billion dollars, or $0.08 Trillion.
See, not even all the gold in the entire world's annual production would help the US budget. Gold would have to increase by a factor of 3000 / 80, which is 37.5 times, in order for the entire world's gold production to equal the US government's annual budget. See, gold will go way above $37,500/oz. by the time this bull market in gold is finished, because there are other people in the world who want gold in addition to the US government.
China wants gold. China has said they want $80 billion worth of gold. China has $2130 billion to spend on gold, or $2.13 trillion of foreign exchange reserves.
http://en.wikipedia.org/wiki/Foreign_exchange_reserves_of_the_People%27s_Republic_of_China
If China tries to buy a mere $80 billion of gold within one year, the gold price will likely head to $1500 to $2000/oz. this year. But China does not want to push up the price of gold to make it double in price. If they do, the value of the remainder of their $2130 billion will be cut in half.
Too bad for China, they have no choice. The value of their paper money will be cut by 95% or more anyway, even if they do nothing, as other nations, besides the US and China, also want gold. So it will come down to the reality, for everyone, that some gold is better than no gold! And silver, of course, is always better than gold, because silver will increase in value much faster!
China also wants their own people to buy silver!!! !!!
http://www.youtube.com/watch?v=PqFpl31UwPI
How will $2,130 billion of China's foreign exchange reserves fit into the annual silver market of $1 billion? Think about it. Think carefully. Think hard. Think!
Here's what I think. If China's people started buying $1 billion of silver per year, the silver price would head to $25/oz.
If China's people started buying $10 billion of silver per year, the silver price would head to $75/oz.
If China's people started buying $100 billion of silver per year, the silver price would head to about $750 per oz.
Can you say "Not enough silver!"? I can. There is a world silver shortage, and there will be a world silver shortage for the next few decades to come, probably until silver exceeds thousands of dollars per ounce in price!
There is no possible way that the silver price can be contained for very long, unless they discover a way to divert investment demand away from the limited physical silver, and convince people to hold things like ETFs, or futures contracts, or 'bullion accounts' instead. Oh yes, they have. But not for long, as the truth is getting out.
Sprott's Embry warns investors to make sure ETFs backed by precious metals
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=89796&sn=Detail
The Bank of International Settlements reports there are $111 billion in "Other Precious Metals (IE, Silver) over the counter derivatives, as of Dec. 2008. (We await June 2009 stats.)
http://www.bis.org/statistics/otcder/dt21c22a.pdf
from
http://www.bis.org/statistics/derstats.htm
A man asked me this week at the JH MINT, "How'd you get into this?" I laughed and said, "The obvious!" He laughed too. What's not obvious to me is why everyone else is so deceived by paper money. It's really not all that special at all. it's just numbers on paper, signifying nothing!
One of my major wholesalers has a bullion precious metals inventory of $1/2 billion including both silver and gold. Another major wholesaler is a major warehouse for the COMEX. I don't think either one would let me order more than a few million dollars at once at a fixed price, because that would probably move the price up.
Yes, we can handle multi million dollar silver orders by placing orders direct with many of the nation's largest wholesalers, but be prepared to move up the price as you buy. And we can order for delivery in Grass Valley at the JH MINT. Call us today.
Yes, we sell silver, and gold!
Buy it now! Buy Silver or Gold Now!
Inventory & Price List
Call Breana or Janelle, 10AM to 4PM Pacific, Monday to Friday:
100 oz. silver minimum, USA shipping, wire transfer only!
Breana (530) 913 4359 silver_support@vzw.blackberry.net
Janelle (530) 913 0553 silver_support1@vzw.blackberry.net
Sincerely,
Jason Hommel
In case you miss an email, check the archives:
http://silverstockreport.com/
Or visit www.momsilvershop.com
(Mom will ship in lots of more or less than 100 ounces, and overseas, and take credit cards or pay pal.)
If you are in Northern California, see:
Rocklin Coin Shop
4870 Granite Drive, Rocklin, CA 95677
http://rocklincoinshop.com/
or
JH MINT
13241 Grass Valley Ave
Grass Valley, CA 95945
http://www.jhmint.com
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Monday, September 21, 2009
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Thursday, September 17, 2009
Silver Stock Report: The Stealth Gold Bull Market is Back
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The Stealth Gold Bull Market is Back
(But Americans Love Silver!)
Silver Stock Report
by Jason Hommel, September 17th, 2009
One trouble with Americans is that we think we are the center of the world. We do have about 5% of the world's population, and use up about 25% of the resources. That's mostly a function of being significantly "wealthier" than the rest of the world. But that's mostly paper wealth. Will it last? Only if we buy at least 25% of the world's silver and gold. Do we? Not in gold, but we do in silver! Let's get to the facts.
Worldwide, the world buys about 80 times as much gold as silver, for investment. The world annually purchases gold worth $80 billion (about 80 million oz., or 3500 tonnes). If American-led Central bank selling did not help meet demand and add to mine supply, then the gold price would go up faster than it already has. Remember, central bank selling is a manipulative and unsustainable supply source.
The annual silver investment market is only $1 billion. Annual production is about 600 million oz., but only about 50-100 million oz. is purchased for investment.
These figures show that the world is buying 80 times as much gold as silver, for investment.
American investors seem to buy more silver than the rest of the world. Why? I would guess that we seem to know more about the supply/demand statistics, and know that the silver market is much smaller, and know that the silver/gold ratio shows that silver is cheaper. Maybe it's because we recently used silver in our currency as late as 1964, and many other nations don't have such a recent history of using silver as money?
Sales of American Gold and Silver Eagles show that Americans are purchasing about only 3 times as much dollar volume of gold Eagles as Silver Eagles per year.
Production figures:
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2009
Show that for 2009, from January to September, the US Mint has produced:
903,000 Gold eagles, and
19,364,500 Silver Eagles.
At an average price ratio of 60 to 1, at about $15 for silver and $900 for gold, we have dollar volumes of:
Silver Eagles: $290,467,500
Gold Eagles: $812,700,000
The last figure, the ratio of 812/290 shows that Americans buy about 2.8 times as much dollar volume of gold Eagles, than Silver Eagles. That's dramatically different than the world ratio of 80 to 1, and thus, heavily skewed towards silver!
But do Americans buy 25% of the world's gold and silver? Not in gold. Gold Eagles are about 1/100th of the overall world gold market. Silver Eagles are just over 1/5th of the world silver investment market (20/100 million oz.!)!
Wow, I never realized that American investors favored silver that heavily. Congratulations, America!
And many silver buyers buy silver other than in Silver Eagles! So, perhaps Americans are buying up to 1/2 of all silver investment demand. Fantastic job America! That implies great news for the future wealth for America.
Unfortunately, the $300 to $600 million that Americans spend on silver is only a tiny, tiny, tiny fraction of the overall investable wealth of Americans. If the word gets out about silver to the majority of Americans, silver prices have no choice but to explode. Imagine if Americans spent ten to one hundred times as much money on silver each year! It's possible, and perhaps even likely, as the truth about every thing tends to be exposed and get out at some point.
Nevertheless, given current national actions, I tend to think that the average coin shop would carry 3 times as much gold as silver, to match overall market demand.
But knowing what we know about silver, we do the opposite, fortunately, for our own future capital gains, and for our customers.
We carry about 3 times as much silver, as gold! And fortunately, our customers buy about the same dollar volume of silver and gold.
Americans are not driving this bull market in gold. In a sense.
What I mean is that Americans are not buying enough gold in significant quantities, as Gold Eagles are 1/100th of the gold market. But rather, American politics, which requires massive printing of US Dollars (Sorry, Federal Reserve Notes), is, indeed, driving gold prices higher.
Americans are not buying enough gold to drive gold prices up.
Americans, over the past decades, have elected politicans whose policy decisions require printing more paper money, and that's driving gold prices up, as other nations see our foolish action of priting up too much money, and other nations are wisely buying gold.
Since I have started dealing silver and gold, maybe I have better observations about the silver and gold markets, and perhaps less time to write about them.
Over the last 6 weeks, we have bought and sold about the same amounts of precious metals to and from our customers, and we have accumulated a bit more gold from the public selling gold for silver. We have not had to order very much from our wholesalers, or other mints. Enough people been cashing out their silver and gold, enough to balance out our trade.
Americans buy less gold than other nations (1/100th of the world market?), and much more silver (40% of the world market?), but could still buy much, much, much, much, much, much, much, much, much, much more of both. This bull market in precious metals is barely getting started.
Between the JH MINT and the Rocklin Coin Shop, we have over 50,000 oz. of silver and 300 oz. of gold, available for immediate purchase. We can also easily handle multi million dollar orders by placing orders direct with many of the nations largest wholesalers. Call us today.
Yes, we sell silver, and gold!
Buy it now! Buy Silver or Gold Now!
Inventory & Price List
Call Breana or Janelle, 10AM to 4PM Pacific, Monday to Friday:
100 oz. silver minimum, USA shipping, wire transfer only!
Breana (530) 913 4359 silver_support@vzw.blackberry.net
Janelle (530) 913 0553 silver_support1@vzw.blackberry.net
Sincerely,
Jason Hommel
In case you miss an email, check the archives:
http://silverstockreport.com/
Or visit www.momsilvershop.com
(Mom will ship in lots of more or less than 100 ounces, and overseas, and take credit cards or pay pal.)
If you are in Northern California, see:
Rocklin Coin Shop
4870 Granite Drive, Rocklin, CA 95677
http://rocklincoinshop.com/
or
JH MINT
13241 Grass Valley Ave
Grass Valley, CA 95945
http://www.jhmint.com
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Thursday, September 10, 2009
Silver Stock Report: The JH MINT opening day & JH Interview
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The JH MINT opening day & JH Interview
(And other news items)
Silver Stock Report
by Jason Hommel, September 10th, 2009
Here's an excellent one hour interview I did a while ago that just re-surfaced at youtube. Thank you, "ewffaces" for posting this!
Jason Hommel Interview by Steve Quayle.
6 parts, each about 9 minutes.
Topics: Silver Manipulation, short selling, paper selling fraud, etc.
Jason HOMMEL : the silver market manipulation (interview by Steve Quayle) part 1/6
http://www.youtube.com/watch?v=sma_Jq6RTk4
Jason HOMMEL interview part 2/6
http://www.youtube.com/watch?v=eSTkPrWkNUA
Jason HOMMEL interview part 3/6
http://www.youtube.com/watch?v=MAboFGMSEQI
Jason HOMMEL interview part 4/6
http://www.youtube.com/watch?v=7MeJIgTKBEA
Jason HOMMEL interview part 5/6
http://www.youtube.com/watch?v=IBpfb8di9gU
Jason HOMMEL interview part 6/6
http://www.youtube.com/watch?v=oGALu--x1vY
===================
Here's an interesting clip: Obama is called a liar in the middle of his speech to Congress, by a Congressman.
http://www.youtube.com/watch?v=vx8ARCn1pdQ
Obama wants to provide healthcare to illegal aliens, but wants to lie about it. And now there's a birth certificate showing Obama was born in Kenya.
A Federal Judge also developed a backbone to question Obama, and has "ordered a trial on the birth eligibility issue".
http://www.wnd.com/index.php?fa=PAGE.view&pageId=109242
In other little noticed news, the IMF is now creating paper money.
From:
http://www.kitco.com/ind/Nathan/aug312009.html
"What this means is that for the first time in history we have a world central bank capable of creating money out of thin air. No longer does the IMF need to borrow money with a vote of all members plus the consent of the US congress. It can simply create whatever amount of money it needs through the creation of SDRs. Not for itself, mind you, but for the world. The SDR has been around since 1967, but never as a convertible asset. That changed Friday, August 28th, 2009. The SDR has quietly mutated."
The IMF is now one more source of inflation, which must result in higher gold and silver prices.
------------
Here's a 1 minute video clip from the JH MINT, Opening Day.
http://www.youtube.com/watch?v=HzljSTNhlI8
On our opening day, we sold out of Silver Eagles, Gold Eagles, Silver half dollars, and silver quarters. Does that mean we should charge more? Maybe, but I'm not raising prices. I'd rather hope to increase volumes on a regular basis so as to be able to lower them.
Please see us at:
At the website, there is a price list, inventory list, and a map to our treasure.
We are located in Grass Valley, California. Open 10-5pm M-F, and 9-1 on Sat.
Sincerely,
Jason Hommel
In case you miss an email, check the archives:
http://silverstockreport.com/
Yes, we sell silver, and gold!
Buy it now! Buy Silver or Gold Now!
Inventory & Price List
Call Breana or Janelle, 10AM to 4PM Pacific, Monday to Friday:
100 oz. silver minimum, USA shipping, wire transfer only!
Breana (530) 913 4359 silver_support@vzw.blackberry.net
Janelle (530) 913 0553 silver_support1@vzw.blackberry.net
Or visit www.momsilvershop.com
(Mom will ship in lots of more or less than 100 ounces, and overseas, and take credit cards or pay pal.)
If you are in Northern California, see:
Rocklin Coin Shop
4870 Granite Drive, Rocklin, CA 95677
http://rocklincoinshop.com/
or
JH MINT
13241 Grass Valley Ave
Grass Valley, CA 95945
http://www.jhmint.com
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Monday, September 7, 2009
Silver Stock Report: The JH MINT Coin Shop in Grass Valley, CA is Now OPEN!
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God Bless You! You may unsubscribe if you no longer wish to receive our emails. |
The JH MINT Coin Shop in Grass Valley, CA is Now OPEN!
(New Bullion Shop in Grass Valley, CA)
Silver Stock Report
by Jason Hommel, September 7th, 2009
The JH MINT and Coin Shop
www.jhmint.com
* I'll be at the shop every day for the first week.
* Free "bullion" silver quarter (for the first 80 customers).
* Opening Day, Tuesday, September 8th.
Price list:
http://jhmint.com/cgi-bin/ssrbidask
Inventory list: (About 100 oz. of gold, about 25,000 oz. of silver)
We have 100 oz. silver bars, 10 oz. silver bars, 1 oz. silver rounds, gold coins, etc.
http://silverstockreport.com/buyitnow.html
Address:
JH MINT
13241 Grass Valley Ave
Grass Valley, California 95945
Map: See website & scroll down.
Website: www.jhmint.com
The Mint is not yet open for minting. We are still "about two months" away from opening the mint.
For now, only the Coin Shop part of "The JH MINT and Coin Shop" is opening.
==========
Commentary:
Yes, I know people expect to read commentary when they subscribe to an email list. I apologize that I don't have anything very much in depth right now. There is a lot to report, but I've been very busy coordinating the opening of a new coin shop, buying monitors, PC's, desks, signs, etc.
I do note that there have been at least five major bombshells coming out of China in recent months, all very good for higher silver and gold prices. Many commentators are paid to tell you that these don't matter, and they will tell you that I'm paid to "advertise" silver and gold. Of course I am, and they are paid to bash it. Everyone has an agenda, but who is honest, the ones promoting honest money, or the ones promoting fraudulent money?
In sum:
5 China Bombshells
1. China announced their central bank increased gold holdings from 400 tonnes to over 1000 tonnes.
2. China announced they might stop exporting all "rare earths". China produces 95% of the world's supply of rare earth metals, which are used in all sorts of high tech products, especially hand held electronics.
3. China announced that they wanted their people to buy silver, because it's cheap.
http://www.youtube.com/watch?v=PqFpl31UwPI
4. China announced that their "state owned" companies may not have to pay out on derivatives losses.
5. Hong Kong announced they built a "state owned" gold vault, and that they will be taking physical delivery of their London Gold by December, 2009.
In other news, there will be a freedom march on Washington September 12th.
http://912dc.org/
A good review of what this freedom march stands for is a review of suggested signs:
http://912dc.org/2009/09/sign-suggestions/
- You can't spend your way out of debt.
- Yes we can – stop the bailouts!
- Money doesn't grow on trees, some of us work for it.
- Bailouts + Debt = fiscal child abuse
- Stop Spending, Start Cutting
- We Want Less
- Why don't you cut my taxes instead?
- Promote responsibility, no more bailouts!
- Let the markets work.
- Stop rewarding failure.
- Save the children – stop spending their money.
- Stop Cap and Tax
- Who will bail out the government?
- I will not pay for someone else's house.
- I don't want your debt.
- Stop punishing success.
- You can't multiply wealth by dividing it.
- Redistribution just means less for everyone.
- Your pork broke my piggy bank.
- We the people want our money back.
- Freedom – a stimulus we can afford.
- Let the failures fail.
- From each according to the IRS --to Pelosi, Reid, and ACORN
- Free markets, not free loaders
- Don't mortgage our future
- Read the bills before you sign
- The more you tax, the madder we get
- Dead people may vote, but they don't pay taxes
- We'll all be sick when health care is free
- ObamaCare makes me sick
- Socialism: trickle up poverty
- Taxation cures incentive
- Government is the problem, not the solution
- Our wallets are not "shovel ready"
- If you're not mad, you don't pay taxes
- The best social program is a job
- Give me liberty not debt
Next news item:
A man who bribed a Kenyan official to get Obama's real Kenyan birth certificate, subitted the birth certificate to the courts, with an affidavit under "penalty of pergury".
http://americangrandjury.org/lucas-smith-affidavit-now-filed-with-the-us-district-court-obama-kenyan-bc
http://www.wnd.com/index.php?fa=PAGE.view&pageId=109113
Still, nobody has claimed my $100,000 reward.
A Few Emails From Readers July 31st, 2009
$100,000 Reward for Proof of Obama's "natural born" Citizen Status Still Open After 2 Days. July 30th, 2009
$100,000 Reward for Proof of Obama's "natural born citizen" status. July 28th, 2009
Sincerely,
Jason Hommel
In case you miss an email, check the archives:
http://silverstockreport.com/
Yes, we sell silver, and gold!
Buy it now! Buy Silver or Gold Now!
Inventory & Price List
Call Breana or Janelle, 10AM to 4PM Pacific, Monday to Friday:
100 oz. silver minimum, USA shipping, wire transfer only!
Breana (530) 913 4359 silver_support@vzw.blackberry.net
Janelle (530) 913 0553 silver_support1@vzw.blackberry.net
Or visit www.momsilvershop.com
(Mom will ship in lots of more or less than 100 ounces, and overseas, and take credit cards or pay pal.)
If you are in Northern California, see:
Rocklin Coin Shop
4870 Granite Drive, Rocklin, CA 95677
http://rocklincoinshop.com/
or
JH MINT
13241 Grass Valley Ave
Grass Valley, CA 95945
http://www.jhmint.com
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