Happy New Year

This site is all about making money, it has been a hard year for just about every investment but not as bad as 2009 or 2008. I think it is more fear of a drop in markets. REIT stocks did OK considering all the worries about the SEC and refinancing possibilities. It turns ut the SEC will not change anything( see the previous post) and silver is about where it was last year at this time with a lot of people sitting on $40 or more silver. I think it will go back up. I do believe the second half of 2012 will be very prosperous but in the mean time lets forget about all of it for a while.  Video :

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SEC and REITs

The SEC sent out a letter official from the SEC about REITs. It points out that REITs have been a way for the common man to invest in real estate for 60 years. I think it indicates that the REIT structure will not under go any of the bad changes that were feared this fall. Here is a quote from the beginning of the document: 

"Real estate investment trusts ("REITs") have been around for more than fifty years. Congress established REITs in 1960 to allow individual investors to invest in large-scale, income-producing real estate. REITs provide a way for individual investors to earn a share of the income produced through commercial real estate ownership – without actually having to go out and buy commercial real estate. What is a REIT? ..."
Silver is rebounding from the drop a day ago. At 9:55 it is $28.15  Gold is $1571.80. Silver was down to around 26.20.  The silver bull is not over.

Silver is down in Asian markets

9:39pm $28.73
The silver bull market is not over. There will be inflation in 2013 and 2014.  Stocks will be good in 2012. I do believe silver will bottom out in a week or 2 and begin the climb back up. Now is a good time to start buying silver bullion. It could drop down to the low 20s but it will not stay there long.  Silver should be bought with money that will not be needed for 3 years. Be careful of the fake Chinese silver and gold-- see my other posts.

2012 nickels and pennies likely to be steel

Yesterday bills were entered into the House of representatives to change the metals of the penny and nickel to steel. Nickels cost over 9 cents to make and the metal is worth about 5.1 cents a coin currently and this is with depressed commodities prices. I do not think it will be long until you have to start looking through the nickels to get the good ones. Hay at least the Chinese aren't counterfeiting these! See yesterdays post about the fake silver from China.

Do not buy sterling on Ebay

China is flooding America with sterling jewelry stamped .925. it is plated. it comes from Hong Kong but some sellers are using American addresses. They claim it is tested and genuine but it is only plated. The Chinese are also flooding the market with fake silver coins and bars and fake gold. Beware of coins and jewelry in pawn shops and discount stores as well. I recommend buying silver dimes because they aren't counterfeited yet. Have your silver acid tested if you do buy and make a big fuss about it if you find it is fake.

AGNC declares and Federal Reserve and Gold

Yesterday after hours AGNC declared $1.40 dividend.

Ron Paul questions the Federal Reserve about gold; this is an interesting video:
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IVR declares dividend-- bad news

IVR declared a $.65 dividend at 3:17pm today.   It was previously $.80.  Aftermarket shares dropped 5.97% to $14.80 on top of the 2.18% loss they had during trade hours today.  This is a 7.37% drop total if it opens at this price tomorrow.  Their earnings were $.79 per share, Im not sure why they didnt declare a higher dividend but this has been a tough year for IVR and CIM.

I do think silver could drop more yet possibly into the mid $20s. The dollar is expected to get stronger.

Silver sales are down in November

here is a link to the article:  http://news.coinupdate.com/american-gold-and-silver-eagle-bullion-sales-plunge-1089/
The dollar index is expected to go up now which may make silver and gold prices go down. When business picks up later next year silver and platinum could go up again because they are industrial metals as well as monetary metals. Gold could go down more than silver as a result.

No major news on REIT stock, interest rates are down so they should do well.  CIM has had some insider buys.