Silver Demand on a HIGH

It was with sudden frustration and surprise when I received a secure message on my Anglo Far East Account Inbox stating that they were making a notice that my account would be closed if by the end of the month, the maintaining balance of 50,000 US Dollars would not be made. Well, that is a lot of money, around 2 Million pesos worth of metals needed to be in the account for it to continue.

This was really a shock to me, knowing that Anglo Far East is one of the companies that David Morgan of Silver Investor has been recommending and yet from a no minimum account policy, they easily pulled the rug under their clients and say that "this is going to be the policy" from now on. I cannot blame them since they are tasked to increase profitability.

This can mean one of many things, it could mean that the metals are at a high and that many "accredited" investors are moving into the market or investors who have the capital and who are willing to get a big slice of the metals so as to hedge their wealth. Or it could also mean that supply is tight especially for silver which is not as many as gold. Gold can easily be re-used while actual silver runs out, thanks to the industries for their electronic components and other industrial uses.

With the fiscal craziness going around and all that is happening to fiat currency, you may be able to find peace in knowing that once you place some of your wealth in precious metals, you are in fact protecting yourself from the power of the Central Bank of your country.

Do something now while the price is still at $24 per ounce, the same principle in "Buy Low Sell High." Don't wait until the majority of the world's population come rushing in which eventually would push the prices further.

In the meantime, I am diversifying into actual silver inventory. Goodbye Anglo Far East and no thanks.