Silver and Recommendation Updates

Silver has made a nice move upwards since I originally advised accumulating the physical metal. It is now holding over $13 an oz. on the spot market, and physical silver seems to be demanding a premium of $2 an oz. or more when you can find it. This metal should continue to climb as more and more money is spent by the US Government in an attempt to turn around the economy and we could see silver crossing $15 by this summer. As long as interest rates remain low, there is very little penalty in holding gold and silver, and if inflation takes off again, which it has to sooner or later, gold and silver will continue to climb.

One correction, I don't think the silver/zinc battery is going to make it into the auto industry after all. A Melbourne company has evidently come up with a better battery using less expensive materials, more later when I have information.

Another correction, more information is coming out now on the preferred shares sold to the gov't by various banks. In some cases it has been revealed that the shares are to pay interest and have a date of repayment. Honestly, if this is the case, then why all the secrecy about the terms and cost? Usually people are secretive when they don't want you to know the details of something because you will not have a good opinion of what they have done, so naturally, secrecy breeds suspicion.

Why these TARP actions were not a matter of public record, and why the Treasury Secretary required protection from criminal prosecution, I will never know.