SGM Metals

After years of the precious metals miners watching the available operation financing fluctuate with the bankers exposure to derivatives, Eric Sprott has introduced a revolutionary concept of an OPEC style union to manage volume of available metals.

Now that the Dodd/Frank Act has been enacted, we are discovering the tens of trillions of USD loans that have been magically created out of thin air and bestowed upon the US mega banks and EU disaster banks. Inflation fears are beginning to grow.

Europe is so close to the edge of the abyss that the FED has enlisted the help of five (5) the largest western central banks to assist their effort to saturate the European banks with unlimited USD loans all the way through 2013!

The Federal Reserve has fought viciously for more than two years to keep the details of the record shattering bailout of the US banks hidden from the public. Now we know that $1.3 Billion has been quietly shuffled to the US banks behind the scenes.

In observation of the recent weakness of the world economies, top economists worldwide have abandoned the economic recovery script and have begun to speak more honestly regarding the violent correction & wealth transfer that is around the corner.

The Chinese government in the interest of fighting inflation are offering gold & silver bullion bank accounts to the Chinese citizens as opposed to simply holding cash that is being devalued in a world of hyper-currency devaluation wars.

Third quarter gold demand increased 6% year on year to 1,053.9 tons with investment demand rising a significant 33% y/y to 468.1T. A huge paradigm shift in the gold market is central bank buying which rose 556% to 148.4T from 22.6T in Q3 last year.