Wednesday, February 2, 2011

Scotia Mocatta Sells Out Of All Silver Bars

There is no doubt demand for physical silver bullion is exploding higher.  Our previous article covered US Mint sales shattering all records and now we will take a look at ScotiaMocatta, Canada's largest bullion bank. 

Last week Zerohedge covered  ScotiaMocatta selling out Valcambi 1kg block and January 1st we covered how ScotiaMocatta ran out of some silver bars.  Now Canada's largest bank is sold out of all silver bars!!! Yes all silver bars!!!

Can anyone deny demand for physical is here to stay.  People around the world are sick and tired of Central Banks robbing the middle class and starving others over their currency wars.  Go ahead corrupt banks push that spot price lower, that will give the people opportunity to protect themselves and their families.

As the great Thomas Jefferson said:

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Thomas Jefferson

How about a Alan Greenspan quote before he sold out to the establishment:

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value…The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.  This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”  Alan Greenspan, 1966

You have the answer, buy physical and protect what you have, before the corrupt banks destroy everything you have worked for over the years.  KNOWLEDGE IS POWER!!!

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