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Goodbye $44
The real beauty about waging a two front war (keeping gold from hitting the barrage of $1,500 limit spot orders; and silver from passing a dollar a day) means that Comex cartel has to pick its fights. Today gold loses for now, as the $1,500 spot (but not futures) price is safely defended. The same can not be said for silver. $44 was just taken out. And those who actually wish to buy American Eagles can do so at the low, low price of $47.32 on Monex.
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tyler, bitchez†
It is starting to look like the rise in value is accellerating.
"Hyperbolic" one might say.
As I noted elsewhere, a friend of mine just returned from an extended trip to China. Gold is selling in a frenzy, as silver cannot be had. Banks are selling silver for future delivery months out. Everyone is buying it, and there is none to be had. She also reported that wealth is widespread, and Chinese are starting to stray away from stocks and real estate and seek out precious metals. Especially silver. How many people are there in China again? And what is the literal translation of the Chinese word for "bank?" [Ans: Silver House]
I have a receipt here... 10x10 oz Engelhard bars from Provident Metals... (100oz)... $1,425.80
LOL and that's when I started buying.
I dug out some receipts the other day. 500 one ounce rounds at 5.03/ea with shipping. First two bags of 90% at 3599 with shipping.
Crap. I didn't get in until $26.
Hey...if you ever need someone to watch over your silver for you while you're away on vacation... :)
Yeah, I was doing the same thing last night when I decided it was time to count what I had.
My first bullion purchase was 5 x 10 oz bars of silver at $ 19.60 (Canadian $ which were at par more or less in early 2008) per oz (shipping included) and 5 x 1 oz wafers of gold @ $ 956.00 (Can. $ shipping inc.).
And I have been buying periodically ever since and hope that years from now what I bought yesterday has done as well as my first purchase.
But the best deal of all was my Dad giving me his silver coin collection which at last count is about $ 1500.00 melt value ( with a handful of those coins worth more than melt to the right collector) since those coins cost only the face value from when he was a younger man. Thanks Dad!
It's been a good 2 weeks for me - today I just doubled-up on silver. I bought 16 POUNDS (american lbs) at $22/oz.
Last week I doubled-up on gold. I bought at $720, it went flying thru $1440.
and y'all are still buying like me, no?
And pray tell how did you steal it at those prices?.
Find a elderly blind person?,working a Estate sale.
Where are these half off sales?
And what is the word for money in Peru? Plata. (You all know what that means.)
And what is the word for give me your food in downtown LA soon? Plomo!
>Silver House
And what's a vault? A "Gold Box".
Wealth = Gold, Silver = Trade and Commerce
Is the more accurate breakdown.
--
Much more relevant is that silver WAS money in China.
It was on the Silver standard.
--
Japan, on the other hand, you dont see the mania for silver.
You sort of do for gold. Although, still, the Yen holds sway over the populace.
But Japan WAS on the gold standard.
And gold was money in Japan before the western standards.
--
So the history isnt exacltly clear as to why silver would be favored by much of Asia.
Gold seems the better bet if you're expecting a Chinese led price bubble.
--
That said, I like the "short squeeze the hell out of JPM" narrative.
Warp Speed when metal runs short and outright panic hits.
You would think so he :) 36 seems like ages ago but it's only 2 weeks! I'll see your 44$ silver and raise you a buck by tomorrow!
And MONEX is overpriced, www.TULVING.com sells silver American Eagles for $2.49 over spot and they pay for delivery too.
you could also see what's available at www.spotmex.com
somebody might actually have a sell order out there for the price you like
36 seems like ages ago but it's only 2 weeks!
How quickly we for get that is was at $18 in September..... just over six months ago. Parabolic blow off top any one?
Can you say bubble? Say it with me. Buh-bell!
It's really going to suck for you longs who aren't taking profits when it's back below $20 this summer....
"Only $5 .... to get out of ground ..... $5 .... out of ground ..... only $5 ..... to dig from ground ..... only $5 ........ only $5 ....... only $5 ........... must eat brains ....."
Tell you what, Balding_Snails, there is only around $3000, tops, in raw materials in any new pickup. By your "logic", I should run to my nearest dealership and demand that they sell me a brand new, fully-loaded pickup for $3000, right?
Or how about I go to the grocery store and demand that they sell me a loaf of bread for eighteen cents, since that is the price of the wheat and other ingredients that it contains?
Or what say we march over to Saudi Arabia and insist that they sell us a barrel of oil for $20 ---- since that is what it currently costs them to "pull it from the ground"?
What I am trying to say is, your reasoning is full of shit.
I don't see you calling Apple a bubble even though it has prolly gone up even more.
Dip-shit! Did I get it right? Perhaps I should go work on my delivery some more?
Not bubble...escalator. It'll have its ups and downs while continuing to climb higher. Oh, we might indeed have a larger correction at some point, but the days of $20 are gone forever. When QE3 is announced soon - by whatever warm fuzzy name they use to try to hide it - it'll serve as another pillar to prop the "bottom" for silver up another tick or two. We might see a fall in price for a while if certain events (unforeseen perhaps, like the ME/NA riots?) spring up, but silver is making a permanent comeback. The price floor is now well above $20 and rising.
So the next question is...do I buy some more this week in preparation for the soon-to-be-passed $50 spot and make a little more profit?
Please please please let silver go back to $20 per ounce. I don't see it, but we can hope. And yes, my thousands of ounces would be worth less fiat. But I'd be getting rid of whatever fiat I have left for that $20 silver...
And stop calling yourself Math Man. It pisses off those of us around here who can actually do some math.
Yay, the shills have arrived. Rally on!
And I'm getting tired of seeing a fucking Porter Stansberry commercial everywhere I look these days. Would someone throw this guy in jail already?
geez those end of america commercials are total spam. the end of america is coming, but the guy is an asshole, and a shyster who sells fifth rate stock tips to any paranoid idiot who will listen. i subscribed to a couple of his letters a few years ago. nothing special.
You're entitled to your opinion but his s&a resource report has made me a lot of money. Don't generalize.
Generalize? You should do some more googling on this guy, he's been leaving a trail of scams and financial wreckage for a decade. The "Aids vaccine" incident was one of my favorites. How this guy is still in the business after all that is a mystery.
+100 !
+100:1
annoying, annoying videos...
Hah! Thanks to other respondents answering on this. I was half curious about what that scheme was. Now no need to investigate, it's as I thought.
Perhaps you could set annoying ad-copy to music in your head. Sorta works fro me.
I want my MTV. Look at them yo-yos!
Impossible... RoboTroll and MethMan called a top months ago.
turd happy
You should be your ZH birthday is today. Happy 1st!
creed happy turd happy
now post more
Turd when are we going to get those margin hikes so the cartel can knock this price down for 3-4 minutes?
Pining for the fjords?!?! We're Fjucked!
http://www.gatewestcoin.com/markets.html shows gold at $1499 and change right now...
This has been an epic 2 weeks. Something is in store, watch.
i think you will be safe to assume 1500$ will take a long long time to be breached...
If by "safe", you mean "on crack" then right you are, Sir!
Yes, weeks if not months...
today after hours it will be
This has been an epic 2 weeks. Something is in store, watch.
yep
$50 next week.
That's ironic. That is the same amount of money that the bullies at school have taken from Robot Fucktard this week...
No, he had to give them IOUs. Not the same. Well, sort of.
+1
I guess that is why he got stuffed in the locker
That's because his schoolmates got sick of him wearing his "I Heart the Fed" T-shirt day after day after day.
But it was no problem, really --- getting stuffed in the locker gave him the time and privacy to masturbate once more with his chart of Lululemon.
You are aware that there are Fed haters, and then there are Fedophiles. Guess which one...
I found robot on youtube....
http://youtu.be/iDmJcDvaBGU
I'm taking my kids computer away...
LOLOL
you talk about your son like that?
I work at the Federal Reserve and I do not see any inflation.
Can I get a job? I like playing Monopoly.
1) Do you like to steal people's wealth?
2) Are you immune to reason and empathy?
3) Do you think your the shit because of your PhD?
4) Do you have any regard for starting bloody revolutions and popular uprisings?
5) Can you print fast on HP, Xerox and Kyocera machines?
-- If you answered yes to all five, you're in. Also, if you answered yes to all five, you may become the next tiny wicked wrench armchair monetizer of death.
I SCORE MAX ON ALL THE QUESTIONS!
I've got 8 on 5 right!
Not even the Chairsatan did so well!
We have our next Monetizer of Death
And you can't keep the 1500 camel out of the tent once it got it's nose under the edge.
we few, we happy few, we band of silver holders.
"Give me Silver, Blue, and Gold...."
http://www.youtube.com/watch?v=Gs6LfHXOSxU
nice.
You beat me to posting that video by a couple of minutes :-)
Well done. I was thinking of Rainbow's "Man on the Silver Mountain" myself...
Monetary Revolution - Crash JP Morgan Buy Silver
http://www.youtube.com/watch?v=pItsaMSmcPQ&feature=channel_video_title
JPM @ $44.65. Parity will be parody no?
They have 3 more months before reporting their next profits :)
Sad that the world is in such a state that we have to buy stuff from out of the ground to protect the wealth generated from our labor...
... seriously f**ked up existence this.
It's just a ride, my friend, it's just a ride....
+10 -- thx for that...
Or buy stuff out of a firearms factory.
May you live in interesting times.
Nothing sad about it at all. Scarcity of real money is the only thing that can keep banksters honest.
In other words, it's counterfeit proof (which is a very, very good thing).
this is an extreme and dangerous fallacy. Gold or Silver backed money is a good way to end the current fiat regime, and a good step in the right direction. But if you think that is a magic bullet to fix the banksters/controllers think again. They will always be able to manipulate gold and silver in the market, and at its mining source. (as they have for hundreds/thousands of years).
It is only their attempt to defend fiat currency which is creating their current weakness to "market forces". Once TSHTF and a new monetary standard arrives, they will be right back at their old tricks, doing whatever they can(and after they have raped and pillaged the fiat currency holders).
The US constitutional money (like lincoln's greenback), where the "people"(via representation) control the quantity of money, is the only true protection against exploitation. But, it requires an educated public/electorate, that is politically active and understands macro-economics and currency, and will punish corruption. Good luck with that....
+1 Yellow Brick Road and +1 pair of silver slippers.
lol ;)
onward and upward!
i pity the fool that tries to get in the way.
Obama..what does rising silver mean Ben?...insert crickets sound
Obama lacks the wisdom to ask real questions
and
Bernanke lacks the integrity to remain silent as opposed to providing a disingenuous answer
I would say he is wise enough to remain safely ignorant, that way there is no possibility of the question, "What did the President know, and when did he know it?"
That is only a concern when comitting a CRIME.
If I didn't have physical it would have been tough to hold on this long.
Yet another beautiful thang about the physical..
Can Gold get above $15
Not long ago people were asking if Gold could get above $1,000.
And people still believed "change" wasn't meanth to be the dollars future
Exactly ... I mentioned $ 1500 to a friend today and he was astonished (he also lives under a rock).
If gold takes out all time highs silver will too. Soon. I'd rather hold silver than gold.
*Because gold took out all time highs silver will too.*
Just rephrased it for you.
We hardly knew ye.
Tyler,
What does the
below the title stand for?
http://en.wikipedia.org/wiki/SEC_Rule_10b5-1
He'll adjust it later, he was just trying to get the post out pronto.
FORTY FOUR, C&#&KS^#^&KERS!
Awesome, just awesome! Im not just excited about the silver price, but excited that our govt is collapsing gradually!
Into New York Thursday to sell all my silver eagles..bot at 5 in 1992 I will keep one roll of 20 to buy food if the world really ends....this should also cover my losses on my slv puts in July...lol
Keep more silver than 20 oz.
If the SHTF, you will probably need 100 + oz to buy food for awhile, especially if you do not have a garden, farming skills, etc.
Epic meet Fail
http://failfx.com/
No way! Hahahahahaha...haha.....
wut's taking gold so long!
buy gold crash slavery!
Lots and lots of dirt poor people are selling jewelry.
with a wink and nod to my good buddy $44 i'll have the 16 oz ny strip, rare, baked potato all the way with creamed spinach and apple pie al la mode.
I started going out to eat like that when Silver was making new highs. My doctor chewed me out about my weight gains soon after.
You should have told him your weight in ounces is even greater!
with so many new highs you must have had a permanent table reserved in your name.
actually, it'll be more like string squash, mustard greens and sweet potato.
lemme guess ..fried sea food?
Sushi in a feeding frenzy environment.
Don't forget the wonderful Napa Valley fruitbomb cabernet...
oh, i'll remember it. i'm sure tonight many of the few will be hoisting a few to the happy few among us, or something like that.
Got a bottle for my 50th BDay on sunday (Bay of Pigs day). Joseph Phelps Napa Cab....gonna drink it tonight. Or should I wait for $50 silver? LOL.
Why wait another week? Drink now. Or save it for July when it's at $62.
Charles Shaw Merlot. I'm still accumulating.
Two buck chuck, bitchez.
Now.
Made me smile, too bad it didn't keep going though.
Lulz, I just checked Kitco to see if she breached, saw it poke through, then figured the first thing I'd read on ZH was "Goodbye 44".
You're Jack's revenge.
Love this place.
SMIRKING revenge, at that!
you are correct -- this meme requires an adjective.
Zer0hedge rocks!
Rupee means silver in Hindi
tHE word for Money in Spanish is "plata" which means SILVER
and bank in Chinese is YIN HANG, which means SILVER HOUSE (business).
While traveling in India... I met a farmer and he spoke about his son. He used this analogy:
"My son will one day shine like silver".
and 5 year fed paper yields 2.06
cant wait til pomo ends so we can see where these markets really want to go
but pomo may never end....who the fuck knows what might be done behind closed doors
This war needs a few more fronts.
JPM share price/Silver Oz price = 1.013863
I've seen a couple of people lately mentioning this ratio. Is there any importance to it other than optics (and laughs)? I mean, JPM's overall value is a function of its number of shares, so isn't the per share price sort of meaningless by itself?
It's just laughs.
It'll be even funnier when an oz of silver is worth more than their market cap. So funny this nation might just laugh itself to pieces.
Just laughs. JPM's market cap is, I believe, larger than the entire silver market right now.
It's funny to watch the two numbers approach 1:1 when JPM is supposedly a huge shorter of silver. Although I suspect they are not short silver at all anymore it is still the meme to use.
Silver, use it it and it won't tarnish.
No but that will wear it away. Salts from sweat are not good for any metal.
Eat using SILVERware, its good for you get a bit of silver, fends off what ails ye.
Oh boy, the final acceleration.
Gold has started spiking back up too......
But the Bernank clearly said 'People do not want to buy gold, people want to buy stocks'. Hmm weird.
Remember when Cramer was pushing Silver mining stocks?
Ok so is anyone here making new purchases of.gold and silver in more than token amounts at 44 and. 1500?
Is anyone taking posession of pm's, not just trading paper, at this price level? No one, right?
I am sure some are still buying with their weekly paycheck leftovers, but then that would be a token buy. Now it's a race to find the final bag-holder.
Is this a private circle jerk or can anyone join?
Sure, grab whatever rod your wife doesn't have at the moment.
There's already a place for TC troll, danger clown, meth head, robo-faker, and their multiple aliases to whack off together. It's called yahoo finance.
But as you well know, it is very hard to keep sheep safely fenced in one field --- they always want to break down the fences and get into the other, cleaner, healthier fields. It is just what sheep do. (And trolls, too)
See you guys in a couple weeks when silver is at $50, and gold is well over $1,500, where again it will be claimed no one is buying it.
If silver hits $50 I will buy some more of those soon to be ripe Puts. Oh the bargains it will bring.
Yeah sure pal. As if you even have a job, let alone a trading account.
Let me guess, you bought silver recently didn't ya? Poor poor fellow.
Shut up, Math man/Smailes/Robotrader. You've been eating it for a while.
i did, physical, in 2005 same as gold, you maaaad?
keep making claim's that aren't true. You wouldn't even know how to buy a put, let alone do you actually have a pinky toe in the market.
You are an internet liar, who wants to troll, cause you found a group of people who you think are wrong and will take the baiting.
http://www.youtube.com/watch?v=5Wpa5W1QtG4
dayyyyyyyyyyyyyum phony, how you gonna disrespect the zerohedge posters, when you are posting your comments from your dorm and your mom's house?
Wow, you sure showed me.