By: Warren Bevan
Fundamental Review
This past week we saw US 10-year treasuries dip below 2% briefly. It is amazing how low the yields have gone. Even more amazing is that people actually accept that rate. It’s not even above the official rate of inflation!
Why they don’t seek out dividend yields much higher as we do, I just don’t understand. We get between 10% and 20% annually with our select dividend stocks. Now that is a return.
We saw three banks fail this past Friday after the close and kick off this years list of biggest losers. It’s been over a month since we saw a bank fail so it’s nice to get back on track.
While this week it was revealed that Newt Gingrich had asked his ex-wife for an open marriage, he himself is open to and open currency. He is calling for a review on how the US can return to a hard currency status, one which is backed by gold. Whether he’s serious or just trying to capture some of Ron Paul’s supporters is debatable though and I try to steer clear of politics for the most part.
The high and volatile cost of nickel is forcing Canada to transition to using brass coated steel to produce their $1 and $2 coins, otherwise known as a loonie and a toonie.
Iran is hoping to increases their gold production by 350% in an attempt to better their dire economic condition right now which is hefty inflation and many sanctions, neither of which are good, but gold is money and they know that and it will be accepted in trade, period.
And for fun here are all the Texas republican candidates agreeing that we need to audit the Federal Reserve. Whether it would ever actually happen is another story and one I won’t believe until I see it.
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Until next week take care and thank you for reading.
Warren Bevan
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I am more bullish about silver today, than I have been at any other time since I have been involved in the silver market. As many of you know, I sold my house in 2005 to invest in gold, silver and oil stocks. I paid the penalty and sold my 401k to buy more silver. I sold my silver 4dr Wrangler this past summer to buy more silver. I have gone through the house looking for anything that I can sell to buy more silver. (To think that I sold a old DVD player for the equivalent of an ounce of silver…) Today I am announcing today that I have not only divested myself of all paper assets, I have traded my last tubes of gold for Constitutional Silver at a 57 to 1 last week. (The Gold American Eagles had a higher premium.) I am now 100% invested in physical silver.