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maybe we should use my buying guide, free of charge to ZH members
BUY ALL YOU CAN!
remember, in one tomahawk, there are 1400 OZ of silver...never to be seen again.
I seriously doubt there is 43 kilograms of silver in a tomahawk. That just doesn't make ANY sense.
there are 1400 oz in one. silver connections, wiring and solder. remember that a tomahawk is about the size of a school bus.
1440 kilograms. 450 of that is warhead. For 42 kilograms of silver to be in it there would have to be about 52kg of solder. Which would build basically an electronics package about 6 or 8 feet wide and up to the 8 ft cieling and a couple feet deep. A huge set of server racks.
Now unless you want to say 1400 grams which is 45 ounces. I'm going to say nu uh. Cause my guess is that it's got about 600 kg of engine and couple hundred kg of housing. Leaving not much left over for goodies. And weapons systems always uses best material within reason for a specific task. Unless there was something that needed silvers heat conducting properties .... still going to say no.
Be careful what you pick up at kitcom. Some people don't remember what they read very well.
however you break it down, it is still silver that will never be recovered, and about 3/4 of a million down the drain. or into a cave or mud hut or whatever. the point is that silver is used in manufacturing, never to be reclaimed. that means it is worth something. if i was off on my numbers, i am sorry.
Oh no worries. It's still a bunch of silver.
remember that a tomahawk is about the size of a school bus.
remember that a tomahawk is about the size of a school bus.
No, it's much smaller. Tomahawk cruise missles were developed so that the Navy could fire them out of submarines. In fact, I believe that they're fired through the torpedo tubes. As such, they're much smaller than a school bus.
(FWIW, Wikipedia says its diameter is 0.52 meters, and its weight is 3,200 lbs.)
Perhaps you're thinking of a Trident II ICBM? Those are pretty big, and can carry up to 12 hydrogen bomb warheads.
short bus perhaps.
I think he's thinking of the tomohawk submarine which uses a buttload of silver in silver nitride batteries. But unless they sink the batteries can be recycled.
Damn, I've never even seen an axe that big.
We think alike... scary thought there.
I wonder if that weight included the feathers and beads?
i like your guide MK, been using it for years
my buying guide is available in handy PDF format, too.
a little fuel for the silver buying fire.....from Harvey Organ's blog....
In silver we have had 2 big delivery months of March and May. If you include the options exercised the precious months and add them to the delivery months,
the total of silver standing is represented by 22 million oz and 24 million oz respectively.
There has been 18 million oz of SLV leave London but it did not enter the comex which is the rule. I cannot see the comex settling with paper SLV but I may be wrong.
I have not seen any appreciable silver enter the dealer inventories for these past 3 months.
In gold, the amount that is standing and will eventually stand is an astounding 2.33 million oz. (we included the 204,000 oz of options exercised in May).
We are now past the half way mark and still no activity into the gold dealer inventory.
As for the movement btw HSBC and Scotia, I guess Scotia is the supplier of the metal and has none so it must get it somewhere.
There has been massive withdrawals of silver from the customer inventory as these owners are afraid of comingling and thus do not want to take a chance on keeping their metal at these registered comex vaults.
Adrian and I both smell smoke and where there is smoke, there is fire.
given the CTFC, the "regulatory" body charged with "regulating" the Comex steadily averts its eyes from whatever the large shorts do in an effort to control the price......no matter HOW outrageously corrupt.........
given the apparent smoke billowing out the sides of the Comex now as the peasantry is demanding that contracts be honored and metals delivered....
it would not be at all unusual to see Comex gold and silver -- regardless of market fundamentals, actual demand, prices in the real world, inventories, and ... reality -- take a 20% haircut in the next couple of days in an effort to short circuit the pending explosion of gold and silver prices.
The buying opportunity this will present is self explanatory.
The corruption, well.......whatever, we lost free fair and transparent markets here a long time ago.....
And whatever happens, rest assured, that the CTFC will continue to parrot the mantra, "there is NO manipulation" of gold and silver; there is no manipulation of gold and silver....
and then, two months or even two weeks from now, after all this dust settles with gold over 2k and silver in the 20s, the Comex and the CTFC will wonder why no one wants to trade with them any more.....
and why this entire market has moved out and overseas......
Buy Silver after the Bullets and Bandaids, or so I have read.
Holding both silver and gold is right. Depending on your wealth, goals, etc., it would make sense to hold more than 80% in gold. But, if you want to speculate (or bottom fish for long term holding) then owning more silver is just fine too.
True, but other factors come into play. Things people might not normally think of in investments like weight. I like silver, a lot, however I'm likely not to be buying much more. I don't like the idea of hauling a big pack of silver around with me if I have to relocate a little faster then I would like. That and I might look a little funny trying to fly with a bag of silver as carry on "No Mr. TSA, this is my good luck silver. I can't fly without it!" :)
Gold on the other hand, well I can put my limited wealth in a pocket and not have to much fuss.
Or would that be:
If it comes to the point where the TSA becomes involved, yessir, I would convert my Ag to Au before I got to the airport, LOL...
At some point the wheel will come off in this game. Then it will be interesting to watch. Like someone trying to grasp sand. The tighter they grip it, the more it all falls away.
Also, gold and silver cannot trip ferrous metal detectors.
Are you absolutely sure of that "stychokiller"?
I can put all of my "wealth insurance" (Silver and Gold) in the smallest backpack I have at home, with room to spare. And I could carry it around with no problem.
Most of my Gold could fit in my pocket, but I guess it would be a bit uncomfortable...
and there's the other "half" of the story...about JPM and why silver is so incredibly "volatile"....
JPM runs the Comex, and sets the prices....and tell the "regulators" what to regulate.....
and, purportedly, JPM is -- in order to keep silver prices "in line" -- short almost a third of the WORLD"S ANNUAL PRODUCTION.
Yes....a spike in price could be a body blow to JPM...and of course, to the peasant taxpayers who would ultimately pay the bill for this ...."loss".....
and yes, this is risk beyond insanity, but ...its with peasant money, so who cares?
and they run the exchange....so....when it becomes difficult to actually deliver on futures contracts (like now)....JPM might just turn to the regulators and tell them to change the rules to force the uppity little investors to take paper instead of actual metal for their paper.
and that's the whole story. JPM seems to be sitting atop a volcano....but ...who cares? No one....CTFC seems to be in porn reading contest with SEC....
Unlimited naked shorting. Gotta love it. Where do I sign up?
unlimited naked shorting with privatized profits, completely socialized losses.....
Sorta makes one feel sick.
kennie boy works in futures and options, the americas ... at JPM.....
he's probably a really good person to ask when they plan to close out their gloriously humungous silver short and let silver trade freely....
what else could we ask kennie boy? ah, might be interesting to know exactly how they control the CTFC so thoroughly, given that most of the CTFC is GS - alum......
ah well, we should all write and let kennie boy know that we're waiting and it would be nice if he tipped us -- along with all his relatives -- as to when they are going to close the galactic-sized short so we can ....and yes, i know we're peasants and should not get a dime of this,,,,,but we are peasants who know what is going on, so we are "special" like JPM is "special" ..... rules don't apply to us.....
so we can benefit from the doubling or tripling of the silver price that results from letting silver trade freely for the first time in almost a decade.....
30,000 out of the money slv options I carry, like a load of sulfur on my back, down the mountain, waiting for the day a frog becomes a prince....:-)
When the Federal Reserve Notes turn into toilet paper it won't take people long to remember/learn what real money is again. Don't forget your bags of junk silver.
If one is purchasing silver with the idea that it will literally become money, as in, used in barter, junk silver is the best way to go. Large poured bars would be accepted by few people, and would likely need to be assayed. Silver quarters and dimes would be universally recognized, and would quickly be recognized and accepted as money.
+100. In dimes and Walking Liberty Halves. When I first started buying silver, it was mainly junk coin. I agree 100% with the recognizability factor. Some old farmer that I want to buy a half a beef from would probably tell me to shove my handful of 5 oz. Apmex bars up my ass, but would immediately liken to a roll of Morgans.
Plus, the premium on junk dimes and halves was next to nothing until recently. Now, the premiums aren't hardly worth it compared to Eagles and Maples. (IMHO)
I still buy mostly Eagles and Maples, but also have started buying 5 oz. Bars. The premium is lower, and if one is using it for a major purchase or sale, you're probably going to have to have an assayer anyway.
I am probably a bit heavy on silver. I have been buying and holding probably 60% gold, 40% silver. My main reasoning is that since it is pretty much insurance, I plan to SPEND my PM's, not sell them. I would rather try to buy a bag of seed oats with a Peace Dollar than try to convince the guy down the road that my 2 peso coin is real.... Then bite off a quarter of it and try to give it to him.
We'll see if I end up a winner or a loser in my thinking.
I buy old silver coins at estate sales, flea markets etc. I often pass up silverware, candle sticks, commererative silver coins etc, because you can't be sure of the purity and unless you bring a little scale you don't know the weight.
Is is .999, sterling, coin silver, 50%. If I see a morgan, I know the weight and the purity.
.900 for American coins, im surprised Mr. Raccoon has not jumped on that. I like coins for their immediate recognisably and small denomination :-)
You conjured up the Coon? Here I be.
There are some things that are just too minor to comment upon. .999 vs .900 is a small mistake and its source is probably the .999 gold parallel. I'm sure the difference will be important some day -- but this ain't it. I tend to be a bit heavy on the silver side as many have indicated, but that is because I plan to spend it when the time comes.
Switch to buffalo and eagles and other numastic coins. I won't touch a morgan because it's named after an asshole.
LOL. What? Who? Seriously who? I've been collecting Morgans since the 1970's and never heard that.
He either doesn't like the guy who created the Morgan or he is anti JP Morgan. LOL.
What's the beef with George T. Morgan?
He was born with a bad last name. LOL
Are you trying to back out of being misinformed?
George T. Morgan
Besides, "numastic" coins have a collector premium and don't fit the bill. Numismatic coins are always priced above their value as a hedge against anarchy. In a sane world, where civility reigns and inflation is "tame", numismatic coins can return a hefty investment premium however.
many morgans and peace dollars can be purchased for near spot price of the metal.
usually found at private sales, antique malls etc. dealers don't often go in and reprice their stuff every day or week for that matter.
I don't buy coins that have numastic value.
I do consider if I buy through a dealer, i'm going to pay over spot for bullion coins, and maybe shipping and insurance too.
Nope. He came on after the FED was enacted in 1913. I don't like the guy still. LOL
in the words of Tom Petty, the waiting is the hardest part
SHHSSHSSSSSHHHHHHHHHHHHHHHH!!!! Don't tell everyone!
Tyler, in a deflationairy market Gold and Silver will crash. And like in your other post about housing, we'll get just that.
I wouldn't buy it, all overpriced.
Either gold and silver are overvalued or everything else Is undervalued
Long term, monetary inflation will take over deflation. PM's may be overvalued short term but let's talk after the debt crisis finally hits our shores. So, you are correct that PM's will experience a pullback short term due to deflationary pressures but that just equates to a buying opportunity.
This is really a hard one to predict. When the debt crisis hits our shores, there well could be deflationary pressure, lowering PM prices, but at the same time, there could be a flight to quality, which could put upward pressures on prices.
The Euro was under pressure recently ... and the Euro flight was to Gold. Gold appreciated to an all time high against a devaluing Euro.
In a fiatsco (paper) race to the bottom, Gold wins.
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