This will be brief, because by now you all know the good news. The Supremes (5-4) decided that the Second Amendment Lives!
Bush, at least has done a couple of good things, and that is appoint two judges to the nation’s highest court. Without the Bush appointments, the Second Amendment may have died. Does that make up for two endless, pointless wars, and his utter stupidity? I don’t know, but I’m glad that the Second Amendment lives. The goons will still be at gun shows, and it is still wise to buy your guns at yard sales or any place when registration is not required. The ATF still lives, unfortunately, as does the CIA and FBI, and EPA, HUD, and the list is endless. Still, we won one for the Gipper, so that should make your weekend a lot happier. It will mine.
Silver
While I have spoken to Dave Morgan of Silver Investor many times, I never have spoken with Ted Butler, who I am sure is paid royally by Investment Rarities in Minneapolis, (whose prices are outrageous). I do respect his honesty and loyalty to the cause of silver. (It must be nice to be paid for writing) In his latest letter, he has become suspicious of the EFT in silver, with the stock symbol of SLV. About time, Ted! I still don’t think there’s much silver there, and now Butler is beginning to worry about it. Let me quote Butler: “Silver is close to exploding in price, in my opinion, and to sell out (your shares) just before that happens would be foolish and cause you to rue the day. If you can, switch to real silver (amen)…make the arrangements to buy real silver before you sell your SLV shares.” Well now, haven’t I been saying, writing,. lecturing, urging, and in any way possible, telling you, that if you BUY SOMETHING, KEEP IT AT HOME IN YOUR SAFE. If you buy a car, book, steak, cigar, camera, 2 X 4, or any physical thing, which you may want to use sooner or later, why would you leave it somewhere other than in your hot little hands? SLV made the motion of publishing serial numbers of the bars they have, but no photos were shown, and if they had bought 195 million ounces of silver, why is the price still so low? Remember the movie “Jerry McGuire,” where the guy keeps saying, “Where’s the money?” I say, “Where’s the silver?” There’s more fraud in the stock market than in a used car lot, I believe. Yes, probably also in stocks supposing to have physical silver stored with your name on it. Nuts. Ted Butler has been saying that silver is poised for a rapid shoot up for a long time now, but the ratio is still over 50 to 1. It was 77 to 1 a couple of years ago, so silver has done better than gold. I think both will rapidly go up, and in the long run, silver will go up further than gold, percentage wise, but I don’t know when. Both are excellent investments, with gold requiring a lot less storage space than silver, and if it gets really rough out there, people naturally gravitate to gold rather than silver, for safety. For some reason, the Indians, jewelry collectors and wearers everywhere, prefer gold to silver because of its concentrated wealth and lack of tarnishing. I love them both! Have a great weekend, and protect yourself with either, but not with paper dollars.