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I can write until I’m blue in the face, but only REALITY tends to open most people’s eyes; particularly when speaking of the “ultimate taboo” of REAL MONEY.  So few understand gold and silver’ storied history

Research Shows ALL Paper Money Systems Failed

…and so few are in a position to buy them…

The 21 Key Statistics about the Explosive Growth of Poverty in America

…that the MAJORITY has not a clue how the PM market functions; and thus, are happy to believe any PROPAGANDA spewed by TPTB…

Risk assets hit as China, US data stirs recovery worry

However, the REALITY is that PHYSICAL metals are extremely scarce; with gold supply having grown less than 1% annually over a 12-year bull market; during which prices have risen from $250 to a high of $1,920/oz…

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…as ore grades of new discoveries plunge

…in both metals…

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…and mining costs EXPLODE; on both a “cash” basis…

Gold mine cash costs jumped 19% in H1 2012- GFMS

…and “all-in”; which even the below calculations don’t fully encompass…

What It Really Costs To Mine Gold: The Eldorado Gold Edition

At the current, suppressed PAPER prices; NEARLY ALL GOLD MINES are unprofitable…

BREAK-EVEN GOLD NOW AT $1,300+

…with an even worse situation for silver…

BREAK EVEN COST FOR SILVER RISES TOWARDS $30 AS COEUR, HECLA & SILVER STANDARD SHOW NET INCOME LOSSES

…particularly as 70% of silver production is byproduct of base metal mines…

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…such as lead/zinc mines, of which economics are becoming precarious due to falling prices, weakening industrial demand, and surging inventories…

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…which – as in 2008 – could catalyze base metal mine closures; just as silver inventories hit ALL-TIME LOWS…

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And then you have the recent announcement that the WORLD’S LARGEST COPPER MINE – responsible for 16% of ALL U.S. silver production (as byproduct) – will likely be out of commission for years

16% of US Annual Silver Supply Just Vaporized – Kennecott Mine Landslide

…while the WORLD’S LARGEST GOLD/SILVER MINE DEVELOPMENT is delayed indefinitely; perhaps, for a decade or more…

Chile Court Suspends Barrick’s Pascua Lama Mine

And last but not least, the MASSIVE PHYSICAL UPTAKE we saw during the Cartel’s latest – most lethal – attack yet…

Maguire – There is Absolutely No Physical Gold for Sale

…in which supply is running out so quickly, it seems inevitable that Mint closures will be shortly making the news…

Haynes – Gold & Silver Buyers Outpacing Sellers 50 to 1

…with a weaker outlook for future gold and silver production than perhaps at ANY TME IN HISTORY…

In Canada’s crowded market, junior miners get the shaft

Thus, it’s only a matter of time before the pressure of holding the PAPER “beach ball” under the water causes a MASSIVE dislocation in the PHYSICAL market; at which point, either you have your bullion, or you don’t

“Price” and “availability”…are inverse of each other in the real world – Bill Holter, Miles Franklin

PROTECT YOURSELF, and do it NOW!

Call Miles Franklin at 800-822-8080, and talk to one of our brokers.  Through industry-leading customer service and competitive pricing, we aim to EARN your business.