“The USA has enough gold for 1,000 years of future defense needs, and not one day’s worth of strategically important silver.” (www.silverbearcafe.com/private/07.09/lasttime.html ) Silver is a industrial metal as well as a symbol of financial stability. Sixty years ago the United States government owned nothing less than 6 billion ounces of silver. By 2002 the government strategic stockpile of silver had shrunk to absolutely nothing.

Even before Obama came out with clean auto incentives, we were in trouble with where were we to get the silver to build rooftop solar systems across America to replace burning dirty coal for the electricity needed to plug into smart cars to work without gasoline. Know that the majority of solar cells, though designed in Switzerland, are manufactured out of silver paste in China, for assembly into frames by low cost labor in the Third World country known as America. As the U.S. has absolutely no silver to spare for industrial use — where in the world is the metal going to come from to build our own? Remember we also need zinc and copper to make them work and lead for the batteries to store energy when the sun doesn't shine.

I personally do not see how Barclay’s bank of London could ever cover the futures positions being sold as ETF’s on the margin. See my recent article on this at www.TheMiningInvestor.com. Can the U.S. afford yet another English “flaming twit fiasco” as the AIG company —to big to fail— with well paid executives who had to rely on the U.S. Taxpayer, to insure their insurance business, and pay their bonuses?

As an Alaskan snowbird in an motorhome wintering in the sunny Southwest for the past nine years, depending on solar panels to power our home studio/office, I can tell you our investment has more than been repaid. Being “wireless” in our energy needs, and communication via cell phone and the Internet, has enabled us to live free with the Colorado River gurgling outside our front door, and to park in a pre-columbian native village, protected by the mining company that holds the ground, where modern man isn’t visible except for the concentrated lights (blinking “buy-buy-buy”) of a city 30-miles away.

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