Wednesday, April 27, 2011

Would You Purchase Silver Today for $14/oz?

Seems like a ridiculous question, we know.
Silver is currently trading at $48.54.  Can you imagine obtaining physical silver today, at the price it was trading at 21 months ago? For those who can't remember that far back, here is silver's chart from July, 2009.

Son, when I was a kid silver was $14!


21 months ago today, silver was trading at $14/oz.  Silver is trading at $48.54 currently, a 247% gain in 21 months.
The US Mint has stopped production on silver eagles this past month due to physical silver shortages. 
We believe the real reason is that massive silver buying from the US public was driving up the price of silver, putting The Morgue's very existence into danger.  The mint took their orders and stopped production, hoping to curtail the public's growing silver fetish.
One day soon (possibly already as of March 2011), we believe the US mint is likely to quietly cease producing silver eagles altogether, upon orders of their banker masters.  Once it becomes apparent that silver eagles will never be produced again, premiums on eagles will skyrocket, and investors will panic to obtain any available 90% silver "junk" US coinage from pre-1964 and rapidly buy up any and all supply.  We believe future premiums on US Silver eagles and 90% silver coinage may well reach 100% of silver bullion spot prices.
While no one knows whether silver eagles and 90% coins will be available or what silver's price will be 21 months from now on Jan 27th, 2013, Citicard is apparently willing to both let you obtain physical silver while it is still available today, as well as lock it in at today's price, and will accept your Jan 2013 dollars as payment.
BUY SILVER WHILE ITS STILL AVAILABLE!

https://creditcards.citi.com/credit-cards/citi-diamond-preferred-card/

Citi®Diamond Preferred®Card

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Citi Diamond Preferred Credit Card
  • Annual Fee: No Annual Fee1  
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  • Balance Transfer APR: 0% Intro APR on balance transfers for 21 months; after that the variable APR will be 11.99%-20.99%, based on your creditworthiness1  
0% Intro APR on balance transfers and purchases for 21 months; after that the variable APR will be 11.99%-20.99%, based on your creditworthiness1  

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