Increase in SDRs Give New Reason to Invest in Silver and Gold
Jul 28th, 2009 | By Anne Trimble | Category: Economic Trends, Gold, Precious Metals, Silver, U.S TrendsDon’t be surprised, but a growing number of secular financial experts are warning about the Obama administration’s de facto devaluation of the dollar – and the investment implications of it.
“As new trillions of dollars are created by the Fed, the dollar is under ‘stealth devaluation,’” says Richard Russell at DailyCrux. “ In the choice between deflation and dollar-devaluation, the Fed has clearly chosen the path of dollar devaluation. The investor’s defense against the Fed’s decision – gold.”
Ian Williams, chairman of Charteris Treasury Portfolio Managers, says in the London Telegraph: “How high can gold rise? Last July I suggested that $2,000 an ounce on a two to three-year view was possible, as this would bring gold back up to its historical peak in real terms (constant dollars) last seen in 1980. This could now turn out to be a substantial underestimate as the stage is now set for gold to rise to $3,000 an ounce or higher as a wave of freshly printed liquidity sparks a renewed global surge into the only asset that investors will trust in these circumstances.”
And even Newsweek, one of the Obama administration’s chief news-media apologists, admits that “the world is taking a big step away from the dollar as the de facto global reserve currency.” The magazine says, “The IMF is now on the verge of taking a big leap towards a new currency system, with a proposal to increase the supply of SDRs [Special Drawing Rights] by eightfold.”
SDRs are basically a bundle of several currencies including the dollar, yen, sterling, and the euro. The IMF will vote on the measure August 7 and would start issuing the new currency by the end of the month. If it passes, this would be the first time the IMF would have increased the number of SDRs since 1981, and that would mark a very substantial shift. is a pretty substantial shift.
Remember: We are concerned that Americans will be forced to give up their greenbacks for these SDRs and that the trade-in ratios for SDR’s will not be 1-1. This is why we recommend you convert your liquid funds into silver, where its value will hold and rise.
These comments alone should cause you to own gold and silver. For some of you, gold may be too high-priced an investment right now because of the pricey forms in which it is typically sold.
That’s why I recommend silver. Everyone can own some silver. The Yehud coins which I am now selling and highly recommending – because I support privately minted coins – are in highly affordable forms and denominations.
Just like bullion, the price of the Yehud Shekel varies hour by hour depending on the spot price of silver. You’ll have to call for a quote. We hope to have an introductory sale this week after we see how silver is holding today. We’ll anticipate great pricing offer it for a day, regardless of what the spot price does. So be watching your email for an announcement.
These genuine .999-percent-silver coins are the perfect introductory instrument for the silver market. We believe God will bless these coins, which are based on those used by the Jews during the Roman siege around 70 A.D. These coins, the Temple Shekel, do not have the image of a man on them, but instead pictures that reflect the bounty of God’s blessings as his children own the metals he created for them to use as money.
Read the complete Yedudcoins.com website to get God’s perspective on money. We think it is some of the most important reading for the church of Jesus Christ today. If believers put money in God’s order, God’s blessings will follow.
Meanwhile, leave your comments on the UnreportedWorldNews.com blog! We value your input. God bless you as you read perhaps a new perspective on God and money.


