Max Keiser: "Buy A Silver Coin, Destroy JP Morgan"

Tyler Durden's picture

Max Keiser shares his brilliantly simple plan to bring down the precious metal manipulation cartel (those two terrific guys, JPM and HSBC who have recently been implicated in an avalanche of lawsuits involving silver price manipulation): "if everyone in America buys a silver coin" (which today costs much less then yesterday courtesy of Jim Cramer's wholehearted, and about 2 years overdue, endorsement of gold last night - a far better contrarian signal than even Goldman's FX desk ever could be), a plan originally proposed by ZH contributor Mike Krieger, "it would crash JP Morgan" presumably as the margin calls result in a cash collateral requirement in the billions of dollars. The premise, of course, is that since there is not nearly enough silver to satisfy demand, it would by definition, result in an explosion in the price of the precious metal.

It will be interesting to see how far this meme carries.


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Turd Ferguson's picture


DoChenRollingBearing's picture

OK, today or tomorrow.  A Gold Eagle and a roll of Silver.

That's how I like to spend money.

Max Hunter's picture

This is the BEST idea since breast implants.. The best Jerry!.. the BEST..

flacon's picture

It won't make any difference unless you buy it FROM the comex or from a Bullion Bank. There are two markets; the real market and the COMEX "market" which is only broke when it runs out of PAPER (not silver).

egdeh orez's picture

Has anyone making these claims, "everyone buy a silver coin and kill JPM", ever considered that JPM and HSBC hedged massive moves to the upside by buying out of the money call options (which might actually be in the money by now)?

flacon's picture

Good point. For the record, I relieved ScotiaBank of 1000oz of silver last year. That is the same as taking delivery of 100,000oz as per Jeffery Christian's 100:1 ratio of "physical" metal. 

flacon's picture

I actually listened to that. Good tune. 

tallystick's picture

Those call options are cash settled are they not?

Max Hunter's picture

What would happen if EVERY single dealer was out of silver??  Don't you think they would order more??.. Your comment is silly... Of course it would cause a HUGE demand for physical silver..

FreedomGuy's picture

More orders equals higher demand and prices. My guess is over the years that bullion for delivery has been a relatively sleepy little market so it may get overwhelmed rather quickly.

However, I did my part with 700oz of silver rounds and some extra half ounces of gold. I'm a hold and wait guy. I'm actually glad the prices are retreating a bit. I truly want a lot of little guys to be able to buy in at some reasonable quantity. Even a few ounces in a high or hyperinflated market will be worth a fortune.

Here are people I have used:

Quality Silver Bullion: Seems to be a mom and pop operation but good prices and nice people. They'll negotiate on the phone. They mint their own silver and are nice people. Not as sophisticated as others, though. I just got big order (700oz) with some delays. They just upgraded capacity.

Northwest Territorial Mint: Gotta love a place you can walk in and buy.

APMEX, American Precious Metals: Lots and lots of great products, prices and easy to set up account.

Monex: They have trading options like the Atlas accounts. I get guys that talk like Fast Eddie, though, lol. I like how they post and update prices rapidly. Minimum $5k order last time I talked to them.

There seems to be a lot of online dealers. I like the personal comments posted here by others. Hope these help somebody and good luck for those buying in on the drop.

A Nanny Moose's picture

LOL. Growing up we had cable TV. We thought that was the sh!t, and that we had seen it all. Then along comes the Interwebs with its Joo Tewbz. The possibilities for cool sh!t are mind boggling.

Perhaps not as cool as some of the Jackass-ery available, but this video is cool in a low key get it done kind of way.

TJ_is_annoyed's picture

Are the 10oz Apmex branded silver bars a decent value (compared to the 100oz JM or Engelhard).  The 10 oz bars have an 8.4% premium; the 100 oz bars have a 4.0% premium.  Is the 4% difference worth it to have smaller denominations to spend?


Edit: the 1oz silver eagle has a 12.5% premium which seems high.

flacon's picture

I can't speak for the JM or Engelhard, but I can attest that the APMEX 10oz are top quality. They are as good as Sunshine Mint and better than Pan American/A-Mark. APMEX bars are "to die for" IMHO. 

FreedomGuy's picture

I should add that I called Goldline after they advertised on many of my favorite shows. I was quoted prices at 100% over the bullion spot price. I thought I heard the guy wrong. I ignored all follow up calls after that. This should be the last place to have gold when the hyperinflation starts with that kind of markup.

PeaBird's picture

Was told by my sources on Friday, that the Perth Mint (PM) announced a delay in delivery (weeks was mentioned) for their 1kg minted silver bars. No such delay for their 1oz silver coins...yet!

ViewfromUndertheBridge's picture

ABC Bullion out of 1kg month delay.

tmosley's picture

Seems a bit close.

How about Dec. 7th instead :D

Cheesy Bastard's picture

Dec. 7.  Remember to get bombed on Pearl Harbor day!

Dr. Richard Head's picture

I will be placing a huge decal on the back of my car early next week.  It will be that picture of the JP Morgan logo broken by a silver oz.

Max Hunter's picture

Good catch.. I was just telling my buddy the exact thing on the phone this morning.. It's crazy that they would push the price lower when there is a movement of so many people to buy physical.. Insane

Turd Ferguson's picture

Yep. You are clearly seeing the utter desperation of Blythe and her Flying Monkey Brigade.

GoinFawr's picture

Could that have been 'funny because it's true'?

Well, whatever; it made me chuckle.

Shameful's picture

Bought 60 this morning.  Not on the bottom but grateful for the cheaper price.  Lets blow the doors off this bad boy!

Ragnarok's picture

Best place to buy small amounts of silver? $2000 or less (you need $10,000.00 at tulving)

DoChenRollingBearing's picture

Call your local coin shop (maybe the biggest one near where you live).

-Michelle-'s picture is nice.  We had to go through them because our local guy was wiped out.

Shameful's picture

I ordered from CNI (, but some family bought a little to push us over the $2000 for free shipping.  They hold checks for a while but I'd done a fair amount of business with them and they are my go to place now unless I have enough money for Tulving.

purelyabsurd's picture seems to have the lowest cost over spot for small purchases.

Thanatos's picture

I have used Apmex, Kitco, NWTM and several smaller coin dealers.. Lynn's Coin in Georgia was one I remember.

Right now it breaks out like this:

NWTM has the best buy for small purchases... Prices for the ingots are a little more, but you make up for the difference because they don't hit you with a 35$ Credit Card usage fee and the shipping is flat rate.

Apmex has good unit pricing (and mega fast delivery) but they hit you with a 35$ fee to use plastic, and shipping on 100oz was almost 90$!

Kitco... I used once. wasn't thrilled. If I had a ton of money I might feel differently.

Small guys like Lynn's are good to look at when everyone else is running low or out of stock.

Your mileage may vary.


deacon_blues's picture

Monarch Precious Metals or  Great delivery times.

LowProfile's picture

I like , but my relatives have bought at .

Just watch the premium over spot price, and watch out on small denominations.

Eally Ucked's picture

Despite lower paper silver prices they keep today's price at 30$. Check with them daily, they are mostly out of stock for the next 2-3 weeks.

CD's picture is reliable, responsive and an easy solution both by mail or in person if you are in the area.

$3 premium over spot for Eagles. Just picked up my contribution to this effort earlier today.

jesse livermoore's picture

gainesville    has good prices if you spend at least 2000 and pay with a wire transfer............

Clark_Griswold Hedge Mnger's picture

My father just called and told me he bought a Monster Box of Canadian Maples!

Alright POP!

rumblefish's picture

were you the guy that posted the other day that uses his dad as a contrarian indicator.....i hope not?

Clark_Griswold Hedge Mnger's picture

No that would not be father usually calls me wanting to know what to do...

He's been buying silver in spurts since it was down around 8.

flacon's picture

APMEX sold ~3000 silver maple's (2011) today so far. 

flacon's picture

Use Chrome and right-click on the text box, choose Inspect Element. This will give you the total number of ounces in stock. Just keep a note of it and watch it go down. They are down an additional 5,000 ounces. They have ~25,000 ounces of 2011 Maples left. 

DavidC's picture

Good for him Clark, this has got a long way to go yet.


TradingJoe's picture

Yo TF,

already own what ANY MAN should have but do you know a serious website where I can get some coins, got all my "physical" from a bank in you know where?! Much Obliged!