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The Goldman Sack Blows The Whistle On The JP Morgue Silver Manipulation Scheme

Tyler Durden's picture


The Xtranormal bubble is now bigger even than Netflix. And all who have been waiting to understand the JP Morgue silver manipulation scheme explained by cartoon bears, here it is. Also, The Ben Bernank makes a cameo appearance. We recommend having some blood in your alcoholstream before watching this.



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Fri, 12/03/2010 - 22:54 | 777419 goldsaver
goldsaver's picture

Too bad they are hawking their own web site. Other than that, loved the JP Morgue reference.

Fri, 12/03/2010 - 23:11 | 777451 FEDbuster
FEDbuster's picture

Bought another roll of eagles a couple of weeks ago when Max Keiser got the ball rolling on this. Checked the website I buy from "Westminster Mint" (a zerohedge/google advertiser)for the price this weekend, and it was $666. a roll. JP Morgue + 666?

Fri, 12/03/2010 - 23:53 | 777521 egdeh orez
egdeh orez's picture

I think that once silver gets to a high enough level, the Fed's going to crash the markets and take silver price with it... I find it hard to believe that the Fed would leave JPM out to die.

Sat, 12/04/2010 - 00:06 | 777540 tmosley
tmosley's picture

And just how are they going to take silver's price down?  Sell some of their vast hoard?  Or are they going to sell all of their assets for the same price they bought them to absorb the dollars?


Sat, 12/04/2010 - 03:24 | 777811 whatsinaname
whatsinaname's picture

by hiking rates to 14 %.

Sat, 12/04/2010 - 03:47 | 777819 Hephasteus
Hephasteus's picture

Bingo. That's the only way to run the good money for bad scam. You hike rates. Hope the people are stupid enough to dump their gold and silver and dive into the pool.

What should happen is hike rates. People jump on it like a naked whore. The rest stand around and blink. They get their high interest for 2 months and then BOOM, BOOM, BOOM banks start folding like S&L's in the 80's.

Since the banks pay all the criminals and you suddenly have a huge unemployed criminal police, civil servant, bank worker population. Then you are forced to become law enforcement. People's grandpa's will have to start arresting pan handler. Then you can either go back the route that we've been on forever. Try to take advantage of them being forced into illegitimate criminal behavior from the legitimate kind they know. Try to mold them into perfect victims and get them to internalize all the horrible things they've done. Or you can extract the entire lesson of this place and just leave. Because really what the hell kind of stupid shit does this place have to teach ya other than weak willed people won't limit themselves and need to be a victim/victimizer to survive.

Sat, 12/04/2010 - 05:09 | 777864 Oh regional Indian
Oh regional Indian's picture

Well said Heph.

Misery is a tough companion to leave as is ignorance.

We do mostly get and deserve what we accept without question. Hard fought anything, while infinitely more worthwhile, is, unfortunately "hard" fought.

Like "hard" money, which I just like to shorten for "wealth".



Sat, 12/04/2010 - 08:00 | 777901 Unholy Dalliance
Unholy Dalliance's picture

Are socipaths capable of internalising anything given that they are conscienceless?

In other words, they are incapable of understanding that what they do is wrong or that people are suffering because of their behaviour.

If it is at all possible, the only way you can counter such behaviour is to isolate/neutralise it and its effects from/on society. As I say, if it is at all possible. As long as the bully banks 'enjoy' protection all those who are now aware should continue to buy silver.

Sat, 12/04/2010 - 09:27 | 777933 Winisk
Winisk's picture

Sociopaths kow very well what they do is wrong which is why they prefer to camoflage themselves, lurk in the shadows of institutions that lend them the veneer of respectablility, and will only reveal their true nature once they are confident they won't face the consequences. They don't care about right or wrong.  They only care about themselves and their image.  In fact they will leverage people's sense of morality to take advantage of their victims and keep themselves from being exposed, which is why we need to shine a bright light on their activity. 

Sat, 12/04/2010 - 10:03 | 777955 Unholy Dalliance
Unholy Dalliance's picture

'Sociopaths know very well what they do is wrong which is why they prefer to camoflage themselves, lurk in the shadows of institutions that lend them the veneer of respectablility…'

Then how do you explain Lloyd Blankfein's famous remark that '[he] is doing God's work'?

If he believes that what he is doing is 'right and just' (shall we say), he has no need to 'lurk in the shadows', does he? In fact, given the above remark, he must see himself as some kind of 'evangelist' although I would like to know which 'god' he believes he serves.

I beg to disagree that they are, indeed, capable of even understand concepts such as 'good', 'bad', 'right' and 'wrong'. They are, as a social group, amoral - they lack the ability to distinguish between these concepts. It's not they they don't care about these things, they have no way of 'conceptualising' (horrible word) them. This is the essence, the nub, if you will, of the problem. Our problem is that this behaviour has the tacit or even the overt approval of the 'umbrella authorities' i.e. governments, which is precisely why we have arrived at this point.

We can therefore not change 'the system' which is incapable of change. We can only impose a change of sorts from outside by the simple means of PM purchase/accumulation which will protect those who do this (buy PMs) and harm those who attempt to 'disrupt' the (now inevitable) re-adoption (in some form or other) of gold and silver as money and legal tender - across the planet. 

Sat, 12/04/2010 - 10:45 | 777989 Winisk
Winisk's picture

He's a liar and uses the wardrobe of religion to justify his behaviour.  I think that statement indicates he feels perfectly at ease to act above the law and has indeed come out of the shadows. 

Sat, 12/04/2010 - 12:14 | 778050 Ahmeexnal
Ahmeexnal's picture

No he is not. He is telling the truth. He and the rest of the banker mafia are lackeys to the church of Rome.

Look at your piece of paper or at your coin. Do you read anything like "In God we Trust", "Dominus Providebit", "God Zij Met Ons", etcetera, etcetera??

Yes, once more the world has been looted by the master looters of all times. And everyone knows that poor desperate people always turn to prayer and guidance.


This was never about money. 

Sat, 12/04/2010 - 14:32 | 778184 Red Neck Repugnicant
Red Neck Repugnicant's picture


It's always about money.

You think the SPG desk at Goldman were holding hands and doing group prayers or dunking themselves in holy water during the summer of 2007? 

Get a fucking clue.

It's pure greed, and nothing else.  Any attempts to justify/defend their careers with the smokescreen of God is nothing more than the wolf duct-taping more wool to his face.

Sat, 12/04/2010 - 17:07 | 778439 Lucius Corneliu...
Lucius Cornelius Sulla's picture

This is a tough crowd on bankers.  Lets face it, most people are self-centered in the extreme.  If you are pulling in $10M a year then your perspective changes.  You start to justify it to yourself.  You think that somehow you really are special and deserve it.  I know some very wealthy people and they are not psychotic.  I think it is just part of being human and having an ego to justify yourself.  If you want to point the blame to anything then start thinking about the actual rules of engagement that have created such a corrupt system.  Change the corporate governance rules, get rid of Federal Government mandated moral hazard at all levels.  Furthermore, you can enact term limits on Congress critters.  There are any number of things that can be done to change the system.  Blaming the people who just happen to play the game better than others is just pissing in the wind.

Sat, 12/04/2010 - 17:26 | 778474 SheepDog-One
SheepDog-One's picture

What 'money' mean that 1 ply BS called the US Dollar that the Bernank has printed to toxic waste no other country wants to touch?

Sat, 12/04/2010 - 20:28 | 778717 samseau
samseau's picture

For once, you aren't being a troll

Sat, 12/04/2010 - 11:02 | 778005 Hephasteus
Hephasteus's picture

Unfortunately you've run into the sociopaths dilemna. The very heart of sick fuck mechanics. Unless EVERYONE thinks a sociopath is a fucking worthless lying piece of shit they won't change. As long as there are suckers and victims they feel they are basically alright with a road to travel and good times ahead.

Which is why they desperately need to construct the BIG lie. The big lie is the only thing that can keep them supplied with victims and once that road is consturcted they'll throw innocent bystander after innocent bystander onto the highway. And they plan to build it, repair it, keep trying to build it for ever.

It doesn't matter if you know what a person is up to and how to handle them and good ways to deal with them. As long as there are enough clueless fucked up sheeple they sniff oportunity galore. And they will drug them to fucking stupidity, eductate them to fucking worthless idiotic idealism, and continue forever and ever.

And they'll get your guides and everyone you trust to help. Construct elaborate events using thousands and thousands of complicit players with clueless fucks thrown in with no idea what is happening.

They are vapor and there is no universal law of like attracts like. They will bother pester and annoy anyone who doesn't kill them, beat them and show them no sympathy, ever. And they do not give a fuck WHAT they do. Only how they are judged.

Sun, 12/05/2010 - 06:00 | 779259 the mad hatter
the mad hatter's picture

Hephasteus, you seem well versed in sickfuckology. Where did you study?

Sat, 12/04/2010 - 10:36 | 777981 CH1
CH1's picture

To be precise, they lack empathy. Conscience is a somewhat different and fuzzier concept.

Sat, 12/04/2010 - 13:50 | 778166 Unholy Dalliance
Unholy Dalliance's picture

I would say that without conscience there is no empathy. The former is passive and the latter active, so to speak. Otherwise, I agree that lack of empathy is a defining trait of the scoipath. It goes to proving my point that they cannot deistinguish right from wrong. Doesn't exist for them. What exists is this compulsion to 'make money' - and nothing else.Tragically, isn't that enshrined in the 'American Dream'?

I remember long ago in school - my economics teacher explaining the 'profit motive' which businesses are guided by and the need for ever more growth. My immediate question to him was: why? Why do businesses need continual growth/expansion? He had no answer to my question. He mumbled something along the lines that this is how we generate/create wealth which enables more and more people to escape poverty. Yeah, right! Bogus Reaganomics' trickle-down' bullshit. This was in the 1960s, however, and Reagan wasn't even Governor of California. However, it does show how idealogy is passed from generation to generation - often without question. On another occasion, I actually annoyed him when he was explaining the principle for businesses to defer distributing profit to shareholders in order to invest in expansion. He used the Red Queen's quote from 'Alice In Wonderland'  about 'jam tomorrow' = deferred profit. I explained that the Red Queen meant that you won't ever get the proferred jam: 'You can have jam tomorrow or jam yesterday but you cannot have jam today.' He was not best pleased at the explanation! He obviously had never read Lewis Carroll. He was a dyed-in-the-wool, committed Keynsian (runs screaming from the room at the mention of the dreaded JMK).

My point: if you are so focused on profit, as an individual, as part of a business, as a country and nothing else, you are dangerous. It is sadly what the British (and the Dutch) exported around the world in the 17th and 18th century. Probably, the British learnt it from the Dutch. No sure on that point. Banking certainly followed 'King Billy' (William of Orange/William III) across the North Sea when he became the British king ( in 1689. A related fact, the Bank of England was founded in 1694 ( Its first function was to raise cash so that the King could wage war, pillage and plunder to his heart's content.

So blame all the world's current woes on the Brits and the Dutch! State-sponsored mercantilism (state-sanctioned piracy and plunder). This is a long way from my original point but all this is connected.

Sat, 12/04/2010 - 15:16 | 778267's picture

The only way to provide more food and goods for all mankind is to increase production. The keys to increased productivity are the efforts made by innovative people. Innovative people will not break their backs solely to benefit persons unknown to them. Innovative people will work hard if they can gain more for themselves, their families and friends. To gain more for themselves, their families and their friends innovative people must earn a profit. In making the profit they increase productivity which provides more food and goods for all mankind.

Sat, 12/04/2010 - 16:18 | 778366 Unholy Dalliance
Unholy Dalliance's picture

Let me give you a very, very simple example of what I mean. In Britain, ordinary people have set up what are known as Credit Unions to counter predatory lending by banks and credit card cos. Credit Unions literally lend out the money that their savers deposit with them after expenses. They are restricted both by law and their own business model to lend more than they collect as deposits. They don't borrow in order to lend and, obviously, they cannot practise 'fractional lending'. They are extremely popular given that the majority of them operate on a community basis, the staff are volunteers and often are known personally to savers and lenders alike. Community banks, if you like, except they are not banks and are not run for profit. They exist to serve an important function within a community. Their interests rates are strictly controlled, are modest, and a strict ratio is maintained between interest on depsoits and interest on loans - often razor thin but wide enough to maintain the union's viability.


This is a simple example of a 'non-capital', 'non-profit' based co-operative business which works, serves a purpose to enhance and improve people's lives without shareholders, without profit (unless you consider the retained interest on loans made which is used for running costs to be 'profit').

We need, all of us, to rediscover service to others as a life aim, a life goal for it is far more enriching than the mere accumulation of money as an end in itself which is, by its very nature and definition, worthless (if fiat) and meaningless. This strikes, too, at the very concept of 'competition' which is also divisive and destructive. We see the division and destruction which 'competition' brings in its train every day. Most will tend to look the other way; either that, or they are trapped in organisations which worship it, prostate themselves before it. Advertising is a classic example - as brilliantly exposed in the TV series Mad Men.  

That is what I mean!  Profit is not necessarily the only way in which we, as communities (small scale) and societies (large scale) can improve one another's lives and living conditions.

Sat, 12/04/2010 - 16:43 | 778402 WaterWings
WaterWings's picture

Please continue posting a lot.

Sat, 12/04/2010 - 18:08 | 778536 Dr. No
Dr. No's picture

"They are restricted both by law and their own business model to lend more than they collect as deposits. They don't borrow in order to lend and, obviously, they cannot practise 'fractional lending'."

I dont see how this is possible while maintaing "on demand" deposits.  A non-fractional reserve bank which offered on-demand deposits would not be able to loan out money.  The loaning out of money while maintaing on-demand deposits is, by definition, fractional reserve banking.

Sat, 12/04/2010 - 18:54 | 778597's picture

We need, all of us, to rediscover service to others as a life aim, a life goal for it is far more enriching than the mere accumulation of money as an end in itself which is, by its very nature and definition, worthless (if fiat) and meaningless.


No, "we" need to rediscover freedom. If you chose an altruistic lifestyle fine, but don't try to force me to stop interacting with those with whom I chose to interact. I believe that your philosophy is fatally flawed and I want no part of it.

The problem with do-gooders is that they so often try to do good at the point of a gun. That's almost inevitable when individuals such as you go around deciding what "we" should be doing.

I am not part of your "we." I make no demands upon you so please do not try to usurp my sovereignty as an individual with your grand plans for "we." History shows that the tender mercies of those who enforce some regulated plan for the public good always depend on the blood of innocents. For example see Soviet Russia, Nazi Germany and the decline and fall of the United States of America.

I trust those I do business with because both parties benefit from the voluntary exchange. I have no reason to trust anyone who claims that they are going to bend over backwards to help me with no thought for their own benefit. People simply are not built that way.

I chose to live my life reasonably and responsibly. You may turn your back on reality at your own risk but if you try to incorporate me into your plans for "we" you will face much greater risk.

Sat, 12/04/2010 - 19:36 | 778651 Chuck Bone
Chuck Bone's picture

Precisely.  It's good that people feel good when they do good things, but the moment anyone tries to use coercion for "the greater good," they lose me.  Get on the soapbox and tell me why I should behave the way you think I should, and that's fine with me.  But get off that soapbox when you're done, and use force to coerce me into behaving as you feel I should, and we have a problem.  

What do you think gives these banksters who run the show so much power in the first place? We sacrifice our individual sovereignty to some other party all in the name of letting them dictate what's good.  Then, we are surprised when this control is taken up by those who may not mean the best for all. The solution is simple: Destroy the machines of control over our lives in this country, and watch prosperity return.

Sat, 12/04/2010 - 19:09 | 778613 Hephasteus
Hephasteus's picture

You've run into the other sociopath dilemna. Superficiality. They do not like people to know them and they do not like to stay in one spot too long. They like infomercials, globalization. If you take away globalization and present them that it will be FORCED that we go back to tribal government tribal existance they will throw a shit fit. Because in a tribe they can be properly judged by people who know them.

In a jet setting globalization culture full of image consultatants and infomercials they have what they desire most. Trivial superficial relationships with plenty of victims. Which is also why churches have gone TV and internet. Because it's easy to tell a story about what "god" did when you don't have someone shouting prove it fucker. Where's the witnesses!!! In other words the due dilligence thing again.

They can make up stories all they want. But you see the huge buildings they build and the huge houses the preachers have and you have to know that that community isn't rich enough to leave much left over from the collection plate.

I did 40 in a school zone the other day. Just tore ass through it and I would have killed any cop that tried to stop me. It was a private church school zone. With huge fucking meetings that they hire cops to stop people and over ride the traffic lights to allow all the assholes who go to the meeting to be "FIRST" leaving with everyone else being last. They get sidewalks and street lights and public funds and tax breaks showered all over them. The ultimate distortion of mating the private to the public in a purely leeching way. Now me tearing ass through a school zone even though it's nothing more than a "time" thing. There wasn't a goddamn kid around but the school zone light still said it was time to be careful. Now if I was stopped who do you think is going to be made wrong here. Me or the cop who got paid 200 bucks to direct traffic for them last saturday night.

Sat, 12/04/2010 - 12:05 | 778046 tmosley
tmosley's picture

That would only cause the US to collapse.  Try again.

Sun, 12/05/2010 - 15:23 | 778787 GoinFawr
GoinFawr's picture

Indeud. Raising the overnight rate to 14% won't have the same effect it did in 1980. It might seem to, at first, but the US isn't a creditor nation in 2010.

Where have these people been?


Sat, 12/04/2010 - 00:09 | 777544 jeff montanye
jeff montanye's picture

the hunt brothers are still alive.  

Sat, 12/04/2010 - 02:30 | 777748 Rusty Shorts
Rusty Shorts's picture


Sat, 12/04/2010 - 04:53 | 777859 cossack55
cossack55's picture

Define "alive".

Sat, 12/04/2010 - 07:50 | 777898 Unholy Dalliance
Unholy Dalliance's picture

Oh please! And just how long have you been following silver? 5 minutes? 

Sat, 12/04/2010 - 10:47 | 777991 duo
duo's picture

Another theory is that JPM is starting to buy the miners and hope to make up in leveraged bets on Ag miners what they lose on Ag short positions.

Sat, 12/04/2010 - 00:11 | 777547 Instant Karma
Instant Karma's picture

I hardly think a short squeeze in the silver market is going to precipitate financial Armageddon. Silver at $500 per ounce? Gimme a break.

Sat, 12/04/2010 - 00:30 | 777573 rocker
rocker's picture

Maybe not this time around. But 80 looks like a easy target.  Take the tripple and run.   Yeah Baby...Remember, "Just Buy the Fukn Dip".  Dip !!!     

Sat, 12/04/2010 - 00:57 | 777616 tmosley
tmosley's picture

Then you don't understand the magnitude of the market imbalance.

Silver will be worth more than gold for a period of at least three months in the blow off top that follows the industrial panic before higher prices lower consumption by half and industrial users build up what they feel is an appropriately sized stockpile.  I say 3 months, but the process could go much longer than that.

This does NOT imply Armageddon, anymore than $1400 gold implied Armageddon in 2001.  It only means that some electronics and other products will be somewhat to significantly more expensive.

Sat, 12/04/2010 - 02:04 | 777713 Phaethon
Phaethon's picture

Disclosure:  I'm not disagreeing with your claims at all.  I claim total ignorance of what the future holds.  (And I'm long silver so I actually hope you're right!)  But what line of thought makes you think Au and Ag will reach parity, or even reverse for a three months or more?  I really do hope you're right, tmosley.  I'd even be happy with just a return to 1:15 or thereabouts, or maybe 1:10.  I'll be trading in my Ag for Au ASAP.

Sat, 12/04/2010 - 02:55 | 777781 tmosley
tmosley's picture

Pretty simple, that ratio came about as a result of approximately equal yeilds of gold and silver mines, which gave a 17:1 ratio, with all gold and silver conserved in jewelry or in bullion.  However, industry has not used up that entire stockpile.  As such, the price of silver has to go up relative to gold.  Since there is currently more gold above ground than silver, that informs the idea or parity or greater as a target.  The three months would be how long it would take for all the silver mines in the world to replenish the silver supply such that there was more silver than gold above ground ASSUMING that industrial production dropped to zero.  It is much more likely that industrial use declines somewhat with exponentially rising prices as the silver price is a relatively small portion of the total cost of the product (because they use so little of it).  Three months probably stands, because that is also likely to be the amount of time it takes for silver recycling to become big business (not jewelry, I'm talking stripping TVs for a few grams of silver).

I don't have a crystal ball, but that is what I think will happen.  

If you make the trade at the right time, I think that anyone who owns any substantial amount of silver today will gain a huge amount of purchasing power, turning lower class people with only a tiny pile into upper middle class or "lower" upper class, with anyone having a really substantial pile (ie a life's savings) into an oligarch.  Trade that silver into gold, and trade that gold for productive land, stocks (assuming that environment evens out), private companies, or whatever you like.  

I'm pretty sure that this silver event will happen before any sort of hyperinflation launches, though it will probably be seen as one of if not the single event that triggered it.  I think gold will do better than silver once hyperinflation is underway, as currency instability will likely drive a lot of silver users out of business (not because of the silver cost, but because of the lack of sales, or simply because the owners realize they don't want paper money any more, and start accumulating things instead of paper profits).  This is where gold as money will shine.

Again, just my opinion.

Sat, 12/04/2010 - 10:42 | 777985 Phaethon
Phaethon's picture

That the story will play out roughly as you describe it has been my suspicion as well.  At the very least, I think that there will be a good chance that the Ag:Au price ratio would overshoot its historical value (or range of values) and this is when it'll be time to make the trade.  I just worry there might not be dealers around willing to play counterparty.  If they hedge properly the anomaly in pricing won't matter to them because their money is earned by charging premiums, right?  But if prices are changing too rapidly, or if the paper manipulation continues and is widely recognized by then, they might not be able to and this may not be a trade they can make without taking a substantial loss.

Sat, 12/04/2010 - 12:35 | 778068 tmosley
tmosley's picture

The dealers will get a spread just like they do now.  If a dealer is not willing to offer a good spread, then they will go out of business.  There will be plenty of people ready and willing to buy any form of silver, and it will all go immediately to be melted down for industrial use.  I would think that the premiums of high quality silver items would disappear during this phase, which is why I mostly buy the cheap, but verified stuff.  I have a small collection of Eagles for gifts, but otherwise I am not willing to pay those premiums.

Now, after the industrial panic has passed, or when it is beaten into submission by the collapse of the real economy, those name brand bullion products will regain their premium, as they will once again be used for trade and savings, rather than for electronics and antimicrobials.

A lot of people who own silver now will get screwed big time, as they will make the mistake of trading their silver for dollars.  Don't do this.  Be sure to only take gold for your silver.  Preferably nice, recognizable things.  The smaller the denomination, the better, really.  Probably nothing more than 1 oz.

Things to look out for that may indicate that my thesis is not going to work out are a) China is found to have stockpiled a huge amount of silver (not sure if this is possible), b) China and the other electronics producing nations collapse in such a way that their industry disappears or is greatly impaired, and c) a cheaper substitute is found for silver in several of its major applications.  The last one is the most likely.  My own company has a technology that is much more capable of preventing infection than silver, and graphene may soon become a reasonable substitute for silver in electronic devices and solar cells (as a very cheap process has been developed that allows extremely accurate and defect free deposition of graphene onto a surface with or without defects).  Despite that, I think the panic is going to come before any of those products or processes make a major impact on the market.

Sat, 12/04/2010 - 13:47 | 778158 Phaethon
Phaethon's picture

Your response to mtomato2 hits on exactly what I was saying I don't want to happen before I make the switch:  

"Assuming things play out like many expect them to, you will have all of this gold and silver, and shorts on the COMEX.  When COMEX is revealed to be a fraud, the price of futures there will drop to zero, meaning you can cover for free, while the physical you have in your inventory will skyrocket in value.  You do not sell at that point, but rather you put it all into a private vault and go buy a top hat and monocle because your are very rich now."


I'm curious to hear more about the graphene.  I happen to know a bit about it from a theoretical perspective, but this in no way entails knowledge of developments in industry.  Please send a link my way if you can.  Thanks so much for the discussion too!

Sat, 12/04/2010 - 14:31 | 778203 tmosley
tmosley's picture

Graphene has unique electrical properties due to it's ultra-aromatic structure.  It essentially allows electrons to flow freely across it.  Combine this property with controlled doping, and you have the perfect solar collector.

In the past, it has been difficult to produce, but this guy ( found a way to do it without much energy input and controlably using gas flow (and rate of flow) as a means of controlling deposition.  Add any carbonaceous material (even table sugar), and you will get a perfect layer of graphene.  Add nitrogen rich reagents like melamine (which is litterally cheaper than shit), and you get a nitrogen doped surface.  You can then use those nitrogen centers as reaction sites to modify the bulk material however you like.

This development will make it so that peak oil has about the same effect that peak whale blubber did.  Solar panels will be as cheap as newspapers, and made in more or less the same way, and out of the same material.  High efficiency solar panels can be placed anywhere, and can be replaced for practically no cost.

Sat, 12/04/2010 - 10:59 | 777999 Croesus
Croesus's picture

"Silver will be worth more than gold for a period of at least three months in the blow off top that follows the industrial panic before higher prices lower consumption by half and industrial users build up what they feel is an appropriately sized stockpile." - tmosley

I am sexually aroused just thinking about that. Long & Strong since $4/oz. . . . . . . . . .

Sat, 12/04/2010 - 23:59 | 778975 Al Gorerhythm
Al Gorerhythm's picture

They're fucked.

Sun, 12/05/2010 - 00:16 | 778989 pat53
pat53's picture

silver will never be worth more than gold. IF silver gets to $50 you'll see people dumping it like crazy.

Sun, 12/05/2010 - 00:46 | 779021 JLee2027
JLee2027's picture

Some people yes. But silver is money. Smart people would rather have real money than flying paper, phony money.

Sun, 12/05/2010 - 00:51 | 779027 tmosley
tmosley's picture

Keep thinking that nothing can change from what you are used to.  It makes it easier for the rest of us.

Here's a hint: when silver enters the industrial panic stage, private dumping won't abate the price rise.  The hunger of industries around the world who suddenly see that there is no physical silver available on the exchanges will bid it up very quickly.  When people see what is happening, they will hold out for more money.

Those people who you claim would sell at $50 have already sold at $20, $25, and soon at $30.  You can bet it will all be in strong hands by the time it hits $50.

Sat, 12/04/2010 - 12:28 | 778059 mtomato2
mtomato2's picture

Tmos:  I'm asking you because you appear not to be a knuckle-dragging drooler.  That's a complement, coming from me...  I have the dumbest question on earth, and one I am likely to get junked to hell and back for:

These people who want to sell me gold and silver:  What are they doing with the cash I send them?  Why would they rather have cash than PM?  How do they protect themselves if they really believe in what they are selling, i.e., PMs are destined to be worth more than any amout of paper?

What simple part of the equation am I missing here?

I am, but your humble servant,  Mtomato2

Sat, 12/04/2010 - 12:45 | 778080 tmosley
tmosley's picture

Dealers will use the money to cover short positions equivalent to the amount of gold or silver they sold you.  Since they sell at a spread to spot, they will get to keep that spread, and they use that money for operational expenses and living expenses.  They can take delivery on more gold and silver, and hedge it with shorts to replenish their inventory.  This is one of the legitimate reasons to own a short position in PMs.

This is also probably one of the best ways to own bullion.  By acting as a dealer, you can take possession of a quantity of gold and silver that you could never afford normally, as you only pay the wholesale spread, with the spot cost covered by the proceeds of your short.  Assuming things play out like many expect them to, you will have all of this gold and silver, and shorts on the COMEX.  When COMEX is revealed to be a fraud, the price of futures there will drop to zero, meaning you can cover for free, while the physical you have in your inventory will skyrocket in value.  You do not sell at that point, but rather you put it all into a private vault and go buy a top hat and monocle because your are very rich now.

Being a smart dealer in this environment is probably the absolute best career choice available at the moment, IF you can stand opening a business in this country, which I can't.

Sun, 12/05/2010 - 16:19 | 779890 HardwoodAg
HardwoodAg's picture

You sure wouldn't know there was any sort of run the way 90% coin rolls are selling on eBay.


Even UNC rolls are selling at near melt

Sat, 12/04/2010 - 08:33 | 777907 DavidC
DavidC's picture

Am I understanding you correctly? You're going to trade your Silver (Ag) for Gold (AU)?


Sat, 12/04/2010 - 10:43 | 777986 Phaethon
Phaethon's picture

Possibly, and only someday.  Certainly not yet!

Sun, 12/05/2010 - 00:48 | 779024 JLee2027
JLee2027's picture

Yeah...a Silver moonshot, trade for Gold, and then a Gold moonshot. I've had the same thoughts.

Sat, 12/04/2010 - 20:52 | 778742 ViewfromUnderth...
ViewfromUndertheBridge's picture

When the ratio goes under the historical 15:1 or the natural 17:1...and it may go way under as it overshoots...I was a latecomer and started buying at 83:1 or so.

Sat, 12/04/2010 - 14:54 | 778238 KTH5000
KTH5000's picture

what makes you say this and why???

Sat, 12/04/2010 - 00:23 | 777562 flacon
flacon's picture

APMEX sold 0.1 million ounces of Silver Eagles in the past fourteen days. 126,120 2010 SE's ounces remain. 

Sat, 12/04/2010 - 02:30 | 777750 TheGoat
TheGoat's picture

Cheapest 1 oz silver coins on ebay $29.95.

Maybe noone wants thems seeing they have a colour picture on them, wonder why that is. LOL

Sat, 12/04/2010 - 05:13 | 777865 StychoKiller
StychoKiller's picture

Augghh!! My eyes -- it's burning my eyes!!

Sat, 12/04/2010 - 05:17 | 777867 TheGoat
TheGoat's picture

LOL still good value, just have to turn it over.

Sat, 12/04/2010 - 21:38 | 778796 GoinFawr
GoinFawr's picture


Take note JPM: that's the way to devalue silver in 2010. A GWB commemorative silver coin might take Ag all the way back down to 10bux/oz

Sat, 12/04/2010 - 09:31 | 777934 living on the edge
living on the edge's picture


I wondered how silver coins could be going so cheap and now I know why. I think I will pass on these coins, I would rather pay a higher premium.

Sat, 12/04/2010 - 11:52 | 778037 TheGoat
TheGoat's picture

Says a lot about how things are going.

Cheapest 1oz coins

BARACK OBAMA "44th President" 1oz. Pure US SILVER EAGLE

The seller sold 75 from 14 sept till today at $29 bucks. While the demand for silver has been at its highest.

I couldnt help sharing this gem.

Sat, 12/04/2010 - 14:31 | 778201 cranky-old-geezer
cranky-old-geezer's picture

Hey, great way to get Obama fanatics buying silver, help crush JPM!  Poetic justice.

Sat, 12/04/2010 - 14:48 | 778226 TheGoat
TheGoat's picture

I'm sure a few did.

To be honest I'm an Aussie I didnt care what picture was on it, at a dollar and change above spot, I bought a few. LOL

Sat, 12/04/2010 - 23:27 | 778938 spdrdr
spdrdr's picture

Goat, are you sure that you are not a Kiwi - your icon looks very familiar..........

Sat, 12/04/2010 - 00:10 | 777546 CD
CD's picture

I was rather surprised to see GEICO ad on TV using xtranormal animation.

It seems there are a bunch of others:

The next B-H acquisition...?

Sat, 12/04/2010 - 10:31 | 777975 Bob
Bob's picture

Likewise when I first saw it last night. This fad will be over real quick.

Sat, 12/04/2010 - 21:19 | 777772 Arkadaba
Arkadaba's picture

I don't think they were hawking their own site - more like pulling your leg...maybe. 

Edit: My bad - I really didn't think that the site they mentioned was real! I should have verified.

Sat, 12/04/2010 - 09:48 | 777945 hugovanderbubble
hugovanderbubble's picture

Dedicated to everyone ¡

Sat, 12/04/2010 - 10:05 | 777957 hugovanderbubble
hugovanderbubble's picture

Just for fun time,

Sat, 12/04/2010 - 11:34 | 778025 66Sexy
66Sexy's picture

yeah the website reference shows this is not a straightforward research effort but an attempt to sell silver. too bad.

Sat, 12/04/2010 - 15:29 | 778284's picture

If a product is beneficial and someone who sells that product touts that product does the product lose its beneficence?

Sat, 12/04/2010 - 21:36 | 778792 blindman
blindman's picture


Sat, 12/04/2010 - 17:47 | 778508 Turd Ferguson
Turd Ferguson's picture

This is one of the greatest youtube videos of all time!!!!!!!!! 100% accurate, too.

Fri, 12/03/2010 - 23:01 | 777426 Spalding_Smailes
Spalding_Smailes's picture
"Capital must protect itself in every way... Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd."
- J.P. Morgan
Fri, 12/03/2010 - 23:04 | 777439 honestann
honestann's picture

What's the matter, GoldmanShafts... you junk a quote from one of your heros?  Shame on you.  Woops, that's right, you are incapable of shame.

Fri, 12/03/2010 - 23:42 | 777464 Spalding_Smailes
Spalding_Smailes's picture

Goldman is doing “God’s work”

- Lloyd Blankenfeld

My object in life is to dethrone God and destroy capitalism.
- Karl Marx
Sat, 12/04/2010 - 21:42 | 778805 blindman
blindman's picture

god never needed/had a throne.  that was the king playing

vicar for his own benifit.  capital needed the king, at the time,

to enforce edict or law to protect/secure/insure stability of

their speculation and thereby derived profit.   .. he thought

Fri, 12/03/2010 - 23:37 | 777494 flacon
flacon's picture


"A sentiment of trust in the legal money of the State is so deeply implanted in the citizens of all countries that they cannot but believe that some day this money must recover a part at least of its former value. To their minds it appears that value is inherent in money as such, and they do not apprehend that the real wealth, which this money might have stood for, has been dissipated once and for all. This sentiment is supported by the various legal regulations with which the Governments endeavor to control internal prices, and so to preserve some purchasing power for their legal tender. Thus the force of law preserves a measure of immediate purchasing power over some commodities and the force of sentiment and custom maintains, especially amongst peasants, a willingness to hoard paper which is really worthless... If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer." John Maynard Keynes, Economic Consequences of the Peace, NY, 1920, p. 239-40

Sat, 12/04/2010 - 01:47 | 777691 honestann
honestann's picture

Thanks for that quote too, because it shows just what kind of slimeball is the "Einstein" of modern day "economic theory".  As his quote reveals quite clearly, what is called "economic theory" is actually "predator theory" and "scam theory".

Sat, 12/04/2010 - 02:57 | 777784 drwells
drwells's picture

Keynes really was a great man before he succumbed to the dark side. Which makes his betrayal all the worse. Roast in hell, JMK.

Sat, 12/04/2010 - 08:39 | 777908 DavidC
DavidC's picture

No he wasn't.

Whilst his theories have been selectively applied and one can argue the pros and cons of his theories as they should have been applied, as an individual he was a very flawed man - well, at least as much as one can know without actually having 'been there'. Egocentric, intellectually elitist and in thrall to Ayn Rand and her group.


Sat, 12/04/2010 - 15:36 | 778288's picture

Egocentric, intellectually elitist and in thrall to Ayn Rand and her group.

Rand didn't even have a "group" when Keynes died in 1946. She only published her first successful novel, The Fountainhead, in 1943.

Furthermore, Rand was a proponent of gold money. In Atlas Shrugged (1957), gold rather than fiat is seen as being key to restoration of the dollar.

Where do you get your "information?"

Fri, 12/03/2010 - 23:13 | 777461 UP4Liberty
UP4Liberty's picture

@Spalding Smailes,

Can you please cite this quotation?  Thank you.

Sat, 12/04/2010 - 00:33 | 777583 blunderdog
blunderdog's picture

Well that's about right for the innerwebz....

Questionable: No reliable source for this quote has been found.

Sat, 12/04/2010 - 00:43 | 777594 Spalding_Smailes
Spalding_Smailes's picture

“Goldman Sachs has called lower Manhattan its home for 136 years and we are proud to reaffirm our commitment to this neighborhood and to the city of New York.”

- Henry Paulson

“As a public company, Goldman Sachs will have the financial strength and strategic flexibility to continue to serve our clients effectively as well as to respond thoughtfully to the business and competitive environment over the long term.”

-Henry Paulson

“We're all trying to get our heads above the battle smoke and look for the real meaning of Enron to put it in perspective,”

- Henry Paulson

Sat, 12/04/2010 - 16:17 | 778365 Sancho Ponzi
Sancho Ponzi's picture

This is actually a quote from the 'Bankers' Manifesto of 1892'


Sat, 12/04/2010 - 00:36 | 777586 rocker
rocker's picture

Great Job SS.  Your credibility is a +1 with ZH and myself.   

Sat, 12/04/2010 - 00:51 | 777604 Spalding_Smailes
Spalding_Smailes's picture

     “The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.”

-Sir Alan Greenspan

“I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.”

- Sir Alan Greenspan

“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said”

- Sir Alan Greenspan

Sat, 12/04/2010 - 08:40 | 777909 DavidC
DavidC's picture

That last quote says it all about the man.


Sat, 12/04/2010 - 08:41 | 777910 Dismal Scientist
Dismal Scientist's picture

Sir Alan ? Are you kidding me ? I retract his knighthood on behalf of people everywhere...

Sat, 12/04/2010 - 10:01 | 777953 tallystick
tallystick's picture

Road to Roota?

Sat, 12/04/2010 - 00:38 | 777589 ebworthen
ebworthen's picture

I don't think Jamie Diamon or his ilk realize how many people can now use the "Internets" to expose the Emperor's New Clothes.

They used to do all of this behind closed doors; but do not realize that now the Green Door is open.  Who is that BBW sitting up front? 


Sat, 12/04/2010 - 12:54 | 778091 rocker
rocker's picture

If there is one thing different this time, you exposed it. The social Internet has made us all more aware.

We still have a voice for now. Shame on those who will try to stop it, and they will try, IE: Wiki leaks.

Sat, 12/04/2010 - 04:50 | 777857 kennard
kennard's picture

"among our principle men"

J.P. Morgan had bad grammar?

Did he really say this?

Sat, 12/04/2010 - 10:03 | 777954 tallystick
tallystick's picture

He didn't spell it that way.

Sat, 12/04/2010 - 05:15 | 777866 Oh regional Indian
Oh regional Indian's picture

Ah Spalding, awesome series of quotes. While some may have mildly doubtful authenticity (rather provenance not fully provable), they clearly reflect the banker sentiment, even if in paraphrase.

I love a good quote. or seven.



Sat, 12/04/2010 - 15:21 | 778274 hardmedicine
hardmedicine's picture

delicious quote there.  Can you possibly give the source and date., and/or forum?    I search constantly for these windows into the elite's reference frame.  It is a challenge to uncover such clear elite predicate foundations.


Thanks so very much

Sat, 12/04/2010 - 16:03 | 778324 Spalding_Smailes
Spalding_Smailes's picture

1 of many....can't give you all my links. Lol'

“The Fact that our economical models at The Fed, the best in the world, have been wrong for fourteen straight quarters, does not mean they will not be right in the fifteenth quarter”

- Sir Alan Greenspan

Fri, 12/03/2010 - 22:59 | 777428 Atomizer
Atomizer's picture

Crimex will have an accident. Masters will be on suicide watch.

As stated before.

Slavorade G8 Powerthirst

tick, tick, tick, kaboom for bankers. Peasants will score a point, but need to keep their head in the game.

Fri, 12/03/2010 - 23:01 | 777432 honestann
honestann's picture

Flush JPM down the drain of history.

Fri, 12/03/2010 - 23:02 | 777435 Rich_Lather
Rich_Lather's picture


Sat, 12/04/2010 - 03:32 | 777816 Double down
Double down's picture


Sun, 12/05/2010 - 00:06 | 778978 Al Gorerhythm
Al Gorerhythm's picture


Fri, 12/03/2010 - 23:03 | 777436 johngaltfla
johngaltfla's picture

When Silver tops $38, the J.P. Morgue will poop their britches. And the Goldman Sack will be kicked in their sack.

Sat, 12/04/2010 - 12:31 | 778064 Bendromeda Strain
Bendromeda Strain's picture

I thought the first fart at 3:33 was hilarious (the GM IPO). Too bad they beat it to death like an Adam Sandler script.

Fri, 12/03/2010 - 23:42 | 777440 Hephasteus
Hephasteus's picture

JP Morgue. LOL.

Does this mean Jamie Dimon will start dressing Goth?

Fri, 12/03/2010 - 23:06 | 777443 PolishHammer
PolishHammer's picture


Fri, 12/03/2010 - 23:10 | 777450 honestann
honestann's picture

By the way, let's compare prices on the advertised website and compare that to (1oz maple leaf):

apmex : $1,484 for quantity one ($1,474 for 10)
theirs:  $1,552 for quantity one

Nice video, bad price.

Fri, 12/03/2010 - 23:38 | 777497 Wadzzy
Wadzzy's picture

I'm thinking the "CA" in front of their prices stands for Canadian dollars.

Sat, 12/04/2010 - 01:36 | 777670 honestann
honestann's picture

Yup, that's my oversight.  Thanks for correcting me.

But looking at FXC on says the Canadian dollar is worth $0.9909 ... only 1% away.  Therefore, while their prices are a little better than wrote, not by much.

Sat, 12/04/2010 - 00:57 | 777615 DrFever
DrFever's picture

Actually silvergoldsilver's prices are better.  848 US for a tube of CND Maples at apmex vs. 817 US for a tube of Maples.  Then there is shipping.  Apmex charges 34.95 USD plus an additional $0.15 USD per troy ounce!  sivergoldsilver has a maximum shipping fee of 35.00, fully tracked. Not bad if you ask me.

Sat, 12/04/2010 - 01:43 | 777682 honestann
honestann's picture

You seem to be correct on those silver coins (but not the gold coins I mentioned).  I have ordered several times from and they have never charged me any fees or shipping charges, and they pay for insurance.  Maybe that's because I wire money instead of charge on a credit card, but I've never paid a penny above the quoted price of the precious metals I ordered.  I guess the lesson so far is... they are worth checking and comparing, and right now seem to have a better price on those silver coins.

Sat, 12/04/2010 - 01:49 | 777694 tmosley
tmosley's picture

APMEX always charges shipping, but it maxes out at $25 for paying by personal check or money order, which is how I usually pay.  My last big order was about 60 pounds, and they certainly didn't charge me a per oz charge.  If they had, I wouldn't use them.

Sat, 12/04/2010 - 09:33 | 777936 done with them all
done with them all's picture

apmex orders over 25k have no charges of any kind - just sayin :)

great service too

Sat, 12/04/2010 - 12:35 | 778067 uraniuman
uraniuman's picture

True - APMEX is great - but CNI will beat their prices more often than not. CNI is free shipping and insurance over $2000, but APMEX has much more variety if you like to mix it up a little. (10X)

Sat, 12/04/2010 - 15:28 | 778283 goldsaver
goldsaver's picture

Plus APMEX keeps records in the US for 7 years for every transaction. I have bought the bulk of my PMs thru them, but seriously considering if a Canadian dealer wouldn't be a better call in the future.

Sat, 12/04/2010 - 17:42 | 778500 uranian
uranian's picture

APMEX leases the site of the former Federal Reserve Bank of Oklahoma City as its new home and moves operations to that location.,_Inc._%28...

Sat, 12/04/2010 - 19:47 | 778668 tmosley
tmosley's picture


It wasn't being used before they moved in.  Just because the building used to be used by bad guys doesn't mean that it taints anyone who walks through the doors.

Hell, an associate of mine bought some of Monsanto's old labs here in town.  Does that mean he's reporting all of his transactions to them?

Sat, 12/04/2010 - 12:52 | 778087 tmosley
tmosley's picture

Oh, I see.  I never made an order that large from them at one time.  Tulving will have better prices at those quantities.

Fri, 12/03/2010 - 23:11 | 777454 UP4Liberty
UP4Liberty's picture

That is the funniest - and best - video I have watched in this century...

" just shit my pants"...


Fri, 12/03/2010 - 23:54 | 777524 jesse livermoore
jesse livermoore's picture

NO the best video was posted two days ago called BUY THE DIP you can find it on utube

Sat, 12/04/2010 - 02:49 | 777767 UP4Liberty
UP4Liberty's picture

Saw Buy the Dip (You F*****G Idiot) already.  Also funny...thx all the same - cheers!

Fri, 12/03/2010 - 23:12 | 777455 Blano
Blano's picture

"Can I lease them?" (silver bars)

"No, you are a sheep."


Fri, 12/03/2010 - 23:15 | 777463 whaletail
whaletail's picture

Fuck me. This is great. 

Fri, 12/03/2010 - 23:20 | 777466 DavidPierre
DavidPierre's picture


"It's all rigged"

No deficit plan? What's up with this?

Doesn't the panel of 18 understand that they were appointed solely to come up with a fiscal plan that is credible?

They have been asked to do the impossible and correct nearly 50 years of stupidly spending. The bottom line is that there is, nor can be, no plan at this point because becoming fiscally responsible would affect our economies and markets worse than a heroin addict's body going cold turkey. The entire structure is being held up artificially and only one option remains, PRINT MORE!

Knucklehead after knucklehead appear on CNBC and Bloomberg and really sound "informed" to the uninformed. If people would just think for themselves (which they are just now starting to do) and use the bare minimum of common sense, they would understand that we have painted ourselves into the biggest "catch 22" in financial history. Just look at Greece, Ireland etc.. They are no worse than the USSA.

They are the U.S. financial model on a far smaller scale WITHOUTthe ability to print nor borrow in unlimited amounts. Once you realize that the Federal Reserve's ability to create new "money and debt" is the ONLY reason we have not crashed yet, then you will have reached the holy grail of financial knowledge.

There is no answer under the current system, THE problem is that the MONEY IS BAD. Period! 

The only answer is a NEW currency.

One that is or has some connection to something REAL! Think about this, we work everyday for a paycheck. We give real labor for a currency that can be created for free and has no real value, such a deal huh? Something for nothing? Yes it is, a great deal for the issuer and ultimately a disaster for those who work and save for and in Dollars!

Reports are rolling in from Hong Kong that fake Gold is circulating the retail arena.

What's the big deal? Fake Gold is nearly all there is in the Western financial system so why the shock?

ETF's, futures etc. with NOTHING behind them, at least these necklaces and rings have Gold on the outside and are pretty. How pretty is a piece of paper that says IOU 100 ounces of Gold? You would look pretty funny walking around with an IOU stuck in your nose, at least the fakes look good as nose rings worn by the future generation of Social Security contributors.

The big news today was the unemployment situation. In a word, AWFUL, 9.8%...(23% @ Shadow Stat.) and 39,000 new jobs. Do you remember how the markets reacted on Wed. to the ADP numbers? A 250 point gain in the Dow based on the "hope" that the jobs number would be good.

It wasn't!

It sucked big time but no matter. The Dow is only down 25 points on the real news. It has dropped only 25 points on the real news after rallying 250 on bullshit.  Do you see how the game is played? The Senator who was "wiki-leaked" and quoted as saying "it's all rigged" must really know what he's talking about! Sounds like he has inside information but in todays world what else would you expect?

In the past, Gold and Silver anything would be slaughtered like clockwork before, during and after the employment numbers. My, how things have changed! The cabal really must have huge behind the scenes problems if all they can do is "retard" the advance for 2 cycles in a row. This by the way also includes 2 (in a row) option expiry cycles where JP Morgan et al ALWAYS lined their pockets with the money of fools who believed in truth, justice and free markets. I was thinking of finishing the last sentence with "and the American way" but unfortunately there has been so much untruth in reported financial numbers, fraud, theft, greed etc..

*via lemetropolecafe

Sat, 12/04/2010 - 00:35 | 777585 blunderdog
blunderdog's picture

Like, totally, dude.  Free your mind!

If I had to pick between being able to turn lead into gold or salt into cocaine, I'd have to go with the latter.

At least that way I'd have a way to amuse myself even when there was no buyer around.

Sat, 12/04/2010 - 10:04 | 777956 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Has anyone seen the salt?  Hello?

Sat, 12/04/2010 - 16:22 | 778373 Walter_Sobchak
Walter_Sobchak's picture

indeed precious herbs and powders will do well in hyperinflation

Sat, 12/04/2010 - 12:49 | 778084 Ricky Bobby
Ricky Bobby's picture


Fri, 12/03/2010 - 23:17 | 777468 SloSquez
SloSquez's picture

"The ben bernanke"...I cannot stop laughing.  Please help.

Fri, 12/03/2010 - 23:18 | 777469 digalert
digalert's picture

Bought another tube 'o' silver eagles yesterday from Gainesville coins.

Sat, 12/04/2010 - 15:53 | 778321's picture

Tubes of silver will be most convenient when the squeeze comes.

Fri, 12/03/2010 - 23:19 | 777472 themosmitsos
themosmitsos's picture

These guys are killing me with The Ben. Ber--nank ;) LOL

Doesn't have to go much higher than $50/oz to crush everything in sight. Doesn't have to do 500.

50,80,100,120. Are enough for that.

Fri, 12/03/2010 - 23:30 | 777481 Atomizer
Atomizer's picture

A day at the bank : 12/7/10 : Crash JP Morgan buy silver

Sat, 12/04/2010 - 00:50 | 777608 azusgm
azusgm's picture

Whoever wrote the script must have tried to close a Chase credit card account. I did. It was like trying to do business with a 2 year old. "Why? Why? Why? Why? But you would no longer get frequent flyer reward miles. But you would lose the convenience and safety that comes with your Chase card. I don't understand why you would want to lose the benefits of your line of credit....."


"Okay, fine. I will close that account right now and file a credit report. Closing your account may negatively affect your credit score. If you change your mind and wish to reopen an account, your approval will be contingent upon a possibly lower FICO score."


Go ahead. Get them bothered. Cancel your JPM/Chase card and tell them you no longer need it since your bullion dealer does not accept plastic.

Sat, 12/04/2010 - 01:29 | 777657 ronin12
ronin12's picture

"tell them you no longer need it since your bullion dealer does not accept plastic."


Sat, 12/04/2010 - 10:06 | 777960 h4rdware
h4rdware's picture

I still remember the day that I absorbed the idea 'your bullion dealer does not accept plastic'.

The first encounter was inconvenient. The second was a realization. By the the third it was already a reassurance.

Sat, 12/04/2010 - 21:08 | 778759 TheGoodDoctor
TheGoodDoctor's picture

APMEX does take credit cards.

Fri, 12/03/2010 - 23:31 | 777484 KTH5000
KTH5000's picture

To bad they made this an ad....Cant take it seriously.

Fri, 12/03/2010 - 23:41 | 777503 Atomizer
Atomizer's picture

Blood Diamond London by James Newton Howard - JPM & Silver.

Don't forget to purchase gold PM's in one once denominations.

Sat, 12/04/2010 - 02:32 | 777751 Bananamerican
Bananamerican's picture

or in tens multiple times denominations!!

Fri, 12/03/2010 - 23:50 | 777495 blindman
blindman's picture


Mojo Nixon- Girlfriend in a coma


Mojo Nixon - Burn Down the Malls



Sat, 12/04/2010 - 00:36 | 777587 CD
CD's picture

Hah! Had never seen him before, thx.

Fri, 12/03/2010 - 23:40 | 777498 Mark Medinnus
Mark Medinnus's picture

Can I lease them?

No, you are a sheep.

(great stuff)


Fri, 12/03/2010 - 23:40 | 777500 johngalt34
johngalt34's picture

Question: What is better investment, generic silver rounds or genuine American Eagles, Canadian Maple Leafs or Chinese Pandas?

Fri, 12/03/2010 - 23:46 | 777507 Mark Medinnus
Mark Medinnus's picture

For posing that question, I suggest stocking up on the new  1 oz. Lead Sheeples.  They come aloan or in toobs and monster bockses.

Do NOT follow this link or you will be banned from the site!