Monday, May 3, 2010

NIA: Introduction and Silver Mining Stock Recommendation

The National Inflation Association is an organization dedicated to preparing Americans for hyperinflation and helping Americans to survive and prosper in the upcoming hyperinflationary crisis. The U.S. government’s obligations include a $12.8 trillion national debt, $6.3 trillion in Fannie/Freddie debt and $60 trillion in unfunded obligations for programs such as Social Security, Medicare and Medicaid. The NIA believes that the U.S. for all intents and purposes is bankrupt and Americans need to take steps immediately to protect themselves from the potential loss of the purchasing power of their U.S. dollars.


NIA believes the largest financial crisis in history is ahead of us as a direct result of the U.S. government unwilling to accept a much needed recession. We are now at a point where our national debt is impossible to pay off. Due to rising interest payments on our national debt, it is unlikely the U.S. will be able to balance its budget ever again. Foreign countries will eventually stop lending the U.S. money and the Federal Reserve will most likely have to print the money to fund our deficit spending out of thin air.

The NIA’s ultimate goal is to help as many Americans as possible become aware of the disaster we are rapidly approaching. The NIA believes that the wealth of most Americans could get wiped out during the next decade, but it will be an opportunity for a small percentage of Americans to become wealthy by investing into companies that historically have prospered in an inflationary environment, such as gold and silver miners and agriculture producers.

Their website has extensive articles, news, reviews, stock suggestions, gold and silver seller reviews, and coin melt values. The articles are written by the staff of the NIA, and you can subscribe to the free NIA newsletter to have them emailed to you before they are posted online. You can check out their website at http://www.inflation.us/ and you can sign up for the newsletter on the same page. The NIA also has a Facebook group site that is open to the public.

Today, NIA announced a new stock suggestion, Coeur d’Alene Mines Corporation (CDE). CDE is one of the world’s leading silver companies and is also a significant gold producer. NIA's last silver recommendation was Silver Wheaton (SLW). SLW reached a new 52-week high last week of $19.83, up 194% since NIA suggested it on February 26, 2009, at $6.74.

With the recent breakout in silver prices and potential imminent short squeeze from naked short positions held by JP Morgan, NIA felt it was the perfect time to announce a new silver company that they felt has significant long-term upside potential. You can read the CDE profile at http://www.inflation.us/cde.html

As usual do not buy stock on my recommendation or anyone else’s. Always do your own DD.

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