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Max Keiser: "Buy A Silver Coin, Destroy JP Morgan"
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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YES. PLEASE FOLLOW MAX'S ADVICE!!!
OK, today or tomorrow. A Gold Eagle and a roll of Silver.
That's how I like to spend money.
Yes, Nov. 20. El Dia De La Plata.
This is the BEST idea since breast implants.. The best Jerry!.. the BEST..
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).
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)?
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.
Already #1.
http://www.youtube.com/watch?v=lRjItDLnAwc
beautiful
I actually listened to that. Good tune.
Those call options are cash settled are they not?
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..
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.
http://www.youtube.com/watch?v=mlne0vYoj84&feature=player_embedded
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.
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.
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.
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.
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!
ABC Bullion out of 1kg PAMP...one month delay.
Seems a bit close.
How about Dec. 7th instead :D
Dec. 7. Remember to get bombed on Pearl Harbor day!
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.
This is DEFINITELY worth reading.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/12_J...
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
Yep. You are clearly seeing the utter desperation of Blythe and her Flying Monkey Brigade.
http://www.youtube.com/watch?v=SESI19h4wDo
Could that have been 'funny because it's true'?
Well, whatever; it made me chuckle.
Bought 60 this morning. Not on the bottom but grateful for the cheaper price. Lets blow the doors off this bad boy!
Best place to buy small amounts of silver? $2000 or less (you need $10,000.00 at tulving)
Call your local coin shop (maybe the biggest one near where you live).
Gainesvillecoins.com is nice. We had to go through them because our local guy was wiped out.
I ordered from CNI (golddealer.com), but some family bought a little to push us over the $2000 for free shipping. They hold checks for a while but I'd done a fair amount of business with them and they are my go to place now unless I have enough money for Tulving.
apmex.com seems to have the lowest cost over spot for small purchases.
I have used Apmex, Kitco, NWTM and several smaller coin dealers.. Lynn's Coin in Georgia was one I remember.
Right now it breaks out like this:
NWTM has the best buy for small purchases... Prices for the ingots are a little more, but you make up for the difference because they don't hit you with a 35$ 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$!
Kitco... I used once. wasn't thrilled. If I had a ton of money I might feel differently.
Small guys like Lynn's are good to look at when everyone else is running low or out of stock.
Your mileage may vary.
www.amergold.com
Monarch Precious Metals or www.philscoins.com. Great delivery times.
I like www.apmex.com , but my relatives have bought at www.kitco.com .
Just watch the premium over spot price, and watch out on small denominations.
http://www.store.firstmajestic.com/
Despite lower paper silver prices they keep today's price at 30$. Check with them daily, they are mostly out of stock for the next 2-3 weeks.
http://www.bostonbullion.com/ 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.
gainesville coins.com has good prices if you spend at least 2000 and pay with a wire transfer............
Montana Rarities... but I am often the Lone Dissenter...
Go to: MONEX & APMEX
My father just called and told me he bought a Monster Box of Canadian Maples!
Alright POP!
were you the guy that posted the other day that uses his dad as a contrarian indicator.....i hope not?
No that would not be me...my father usually calls me wanting to know what to do...
He's been buying silver in spurts since it was down around 8.
APMEX sold ~3000 silver maple's (2011) today so far.
How do you know?
Add 10 more to that! :)
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.
Good for him Clark, this has got a long way to go yet.
DavidC
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!
Just picked up another 50 oz at the Post Office.
There is another 20 in the pipeline on the way to me.
There are 69 people off the hook...
I'd like to take another 250 or so off the hook, but I am waiting a bit now.
I'm getting the feeling that we have not seen the end wild market swings... Perhaps JPM, HSBC, Et al are getting mad and will try to crush/crash all of us little guys.
Just keep telling yourself... Silver cannot be priced in FRN or Monopoly money... It's just paper... No matter what the pattern of ink on it looks like, it's just fancy paper; It can't be worth more than precious metals.
Just purchased 10.
YES. PLEASE FOLLOW MAX'S ADVICE!!!
Silver is down 5% and the lemmings leap
with the fantasy of taking a $2 trillion asset company down
This post and these comments define mania blowoff top
People go mad in a crowd and regain their senses one by one
http://www.jubileeprosperity.com/
Buy an ounce of silver, destroy an evil bank.
There, just forward that to all of your friends/family/contacts.
Fuck me! Talk about sheeple!!?? If we collectively crash the comex using people power they will close ranks and protect themselves. They will stop small players/private investors trading silver. This could completely backfire.
I e-mailed Alex Jones about trying to figure out how to do a "silver bomb" that would be like the "money bombs" that Ron Paul's last campaign started. This could be done globally. I just don't know how it could be done to properly and honestly unless a single broker could be used.
Awesome idea. Pick a day and go viral with it. I'll buy 10oz on that day.
I'm in!
Everyone!!.. Post this article to your Facebook!!
+ 1000, count me in!
Just a thought - this could be pitched as a "buy 1 coin for each family member for Christmas" or the like. It would actually be an interesting gift idea and timely.
I did PMs for Christmas and they liked it very well.
Actually it goes over better then I thought it would. My little nephews were wowed by a new form of money they had never seen before and how much care my sister took into keeping it safe. All my family gifts are the metals this year.
There is no better gift to children than something they can hold that has a story line of forever. It's way better than dinosaurs . . . because they hold the actual life of it in their hands.
Been doing this for just about every occasion..graduations, BD, communion, Xmas, Kwanza...for family, friends, kids of friends, etc. It is unique among the other worthless crap people are giving. My gift, unlike all that other crap, will be around beyond 1 year, doesn't require batteries or a service plan, and might actually maintain it's present value. For kids, it's a nice addition to their college fund.
One of my contrarian indicators is when other sheeple start giving PMs as gifts.
Cameron and the other guy?
That is the obvious ticket. The particular day doesn't matter, merely the aggregate subtraction from traditional Christmas sales. Further decouple the real economy from the bankster economy, employment per se wouldn't be affected until next Christmas. Contrast is good.
Damn, that's even better. Give PM for christmas, cut the legs out from under the christmas retail bandwagon. Good lord, it's positively revolutionary. Best of all it can be world wide :-) This idea is just making me, well, chortle.
I've been doing that for my neices and nephews since they were born. They love it and look forward to it each year.
Imagine a campaing like that and everyone saying, "delivery Bitches"
Ditto
Same here. Sometime Silver Eagles, sometime nice Morgans, sometimes a 'pretty from Perth', along with Brazilian Cruzado from the 1980's or a 50 Trillion $ Zim note. I hope to peak their interest in what real money was and can be, and the difference between paper and PM money. A very cost effective lesson on money for our young ones. They eyes sparkle and smiles are ear-to-ear when given the $Zims and I say "Now you're a multi-trillionaire". Or you can play 'would you rather have $50Tril Zims or 1 piece of silver' and teach from there.
You can buy a 100 bundle of $50T Zim notes on ebay for $45 OR a 100 bundle of $100Tril notes for around $140.
For any occasion that calls for a gift, a Silver Eagle in a protective holder serves the day well. Especially considering that all my shopping is done, years in advance!
When I give it to them, I tell them that this is a real dollar, and it will someday be worth more than all of the paper dollars ever created.
I also give each of my kids $10 for their birthday.
Full moon - 21 Dec 2010.
Total Lunar Eclipse - 21 Dec 2010.
Crash JP Morgan by ... 21 Dec 2010.
Show 'em your big 'ol silver MOON -
http://crashjpmorgan.net/
I've got 7 silver eagles getting ready to ship from apmex for the same reason.
Exactly what I did- one for each son and one for my dad who is really a challenge to buy for every year
I am feeling a little too light myself. A couple of kilos would be my buy.
+10 oz
What else are you going to spend your QE'd FRNs on, anyway?
Might as well get some silver.
I'm in too. The more people who hear about this the greater results on the physical market. Perhaps someone should write to that shill Glen Beck and try to get him on board. Is Fox News & JP Morgan connected?
Done.
Purchasing the silver doesn't need to be coordinated. Just a "silver bomb" website where you can post proof of your silver purchase.
Crash JPM Bitchez!
It would be neat to see the smug Jamie Dimon get his comeuppance.
Meanwhile, in equity land we appear to be carving out a daily bottom. If this thing doesn't head higher into the close, then POMO is dead and I can't wait to see what futures think of that Sunday night going into OpEx.
Watch S&P 1192 area, it is the 200 week moving average. That is the final resistance for the bulls today. If we close below that, then bears will FINALLY have taken the markets back.
This may be a way to start slaughtering the pigs.
I like the idea of making the world a better place by eliminating 1 corrupt entity at a time. Problem is, BAC/C/et al via Fed help would probably swoop up the spoils on the cheap and the dog & pony show would just continue on... Taking down every bank would cause so much unrest that it would be like shooting yourself in the foot. As someone who takes daily medication to avoid dropping over dead, total chaos would make it pretty challenging to get my prescription filled at the local pharmacy. I'm all for change, but I hope it doesn't wipe me out in the process.
Start stocking up big on your medications. Seriously, anything important, work with your Dr. to build up a nice fat stockpile.
Preparation...
I actually had "the conversation" with my husband's "specialty" doctor a few months ago. I told him that I was worried about the "just in time" nature of our local pharmacy, and that sometime his (absolutely necessary or hospitalization within 24 hours) medication was not immediately available.
He was extremely receptive -- my husband is on a set number of pills (let's say 5) and the doctor said "What I am hearing you saying to me is that you would like him to be on 'up to 6 as needed'." He said it more than once, and in a weirdly theatrical way that made it clear to me that he could side-step the issue of "over-providing" a controlled substance and allowing me to stockpile it as long as we went through this charade. The kicker is my insurance copay is the same, which is sweet.
For anyone with a similar situation, it is definitely worth the risk of sounding like a looney in the privacy of the Dr's office in order to have some peace of mind!
It's a sad day when legal land turns a doctor's office into a Monty Python skit.
Ya know what I mean?
*wink, wink, nudge, nudge*
LOL, you know you're sidestepping some type of regulation when a medical professional starts with "what I'm hearing you saying to me is..." It's just a way for them to be able to write "patient stated..." in the charts. Congrats on having a doctor with some common sense!
Had a friend who was unemployed long enough that his COBRA ran out. He then had to go on the state-sponsored medical insurance. When he put in claim for a specialist's visit whom he has been seeing for almost 5 years (cancer treatment and follow up), they denied him. Said he had to see someone "in network". He argued with them to no avail. He let the doctor know what was happening and the doctor said give me $x (and it was very reasonable) for each visit and we will just keep it off the books.
I think a lot of doctors might feel the same way and would be receptive to alternative arrangements.
Why do you feel that this person deserves any medical insurance? Shouldn't he be paying cash? Why should he even get COBRA?
I think we are so far apart on this issue, that we should agree to disagree. I don't understand the question whether someone "deserves" medical insurance or not. I'm Canadian and a strong supporter of universal healthcare:
http://arkadaba.blogspot.com/2010/10/you-will-take-my-healthcare-from-my.html
I know my view on this issue may not be popular but .... tough. Providing healthcare and education only benefits society. How much does it cost to lock up that 1 out of every 18 males in the USA:
http://en.wikipedia.org/wiki/Incarceration_in_the_United_States
H?
Hey eco what exactly does big pharma have you hooked on? There may be other alternatives.
Better yet, a silver bullet.
It IS a silver bullet...get it.
He did. Dr. No is a smart guy!
Ah ha!
+29
i am doing my part and it feels soooooooooooooooooooooooooooooooo
damn good.
WillB7:
You mean Jamie Dimon drinks Coors Lite?
Seems JD will swallow just about anything.
Wow this is a great idea. where can we buy an ounce? Can you please provide a online store? (Ideally the best / cheapest ones for people in Canada and America?)
APMEX.com
bull, call the largest coin shop in your town or city. The mark-up will be higher, but you can buy a 1 oz Silver Eagle for just $30 or so.
I have bought ALL my precious metals (since the 1980s) from coin shops except a one-time 10 oz purchase of platinum from MONEX.
No shipping charge. Plus getting to know your local dealers is good practice.
Agreed. My local dealer sells at the Kitco price, and there's the added benefit of being able to transact in cash. ;-)
+++
No paper trail.
Bingo.
CNI-Goldealer.com
http://silvergoldbull.com/s/
I bought two silver coins just in case.... Crash and burn bitchez...
I don't see how physical coin sales can have an instantaneous effect on spot price. While coin prices might jump significantly along with premiums, I'd think it would take a few months to impact demand for blanks.
It would cause a run on physical silver which is needed for Com ex to default and stop raping us with paper silver (and gold).. Which in turn is allowing them to control our monetary system, banking system and fake economy..
You're talking coins vs. 1000 ounce bars. I can see a sustained coin buying effort eventually pressuring comex supply, but not a single day affair.
The effects of 100 million Americans and others around the world to buy silver -even in small quantities- may not be known.. but.. i'd like to see what would happen...
I agree with your sentiment, I just don't see the mechanics working as Max lays them out. Eagles went scarce in Fall 2008 after the paper price got creamed. It's the only time my local dealer has ever been completely out, and he wasn't willing to restock at the higher price/premiums that Tulving and others with physical were offering for sale.
If Max's effort has any effect, I think it would mirror this.
"
If Max's effort has any effect, I think it would mirror this."
It is good that we don't pay you to think. You make it clear you have a very limited ability to do so, Mr. I don't see the sudden purchase of 100 million ounces or more of physcial silver would have an impact on the price. Apparently supply and demand allude you? Apparently unpreceidented demand and no supply plus a contractual obligation mean nothing either?
Prehaps the equation is to simple for your to grasp.
Thank you.. I really didn't want to insult the guy, but, apparently it needed to be done..
Agreed. Spikes can be absorbed, and equillibrium will return. Takes a long time and continual pressure to move mountains
Hey, I'm pulling my weight. Time to get moving on this, people.
better yet, max out your Chase credit cards with silver coin purchases. make the bastards pay for the silver!
Double middle fingers! I like it.
Even better.. Everyone should stop paying on mortgages and CC's and put all the money into silver.. PHYSICAL silver.. Take delivery!!
Max, buying physical PMs big time, I like it.
Not paying money you owe, no.
Collateral Damage will always be there. If they don't go down then JPM will just throw the losses at the people.
Only a collapse of this system will bring about the much needed fundimental change.. Yes, there is a moral component... I agree.. but the ends justifies the means.. IMO
We are at WAR son...lol
Now that's an idea!
Drain whatever equity you have left on your Chase mortgage. Use the money to buy silver. Open as many Chase VISAs as you can and max them out with physical silver purchases. Declare bankruptcy.
HAHAHAHAHAHAHA! Fuck em!
Ah, Turd, that was real Chumba-like!
MsCreant the other day said Chumba was apparently OK.
Chumbawamba, come back! We know you are Chumbawamba, and that you will not obey!
You better wait at least a year before you file after pulling a stunt like that. If you have the room to exempt them, great (the federal "wildcard" exemption maxes out at $11,525), but if not, don't be a fool. Any bankruptcy trustee who got wind of you maxing out your cards to buy collateral that actually keeps its resale value would promptly divorce you from said property to sell it.
Cash advances?
I don't know what the current BK rules are but 20 years ago it was "anything purchased on CC within the last 90 days prior to BK was subject to scrutiny and subject to fraud charges" - so time it right.
101 -
precisely... i tried to explain that strategy to a bone head friend of mine who i also had to fight tooth and nail to liquidate his equity holdings after loosing his ass n 2008 & investing n physical Gold & Silver...now his cards r maxed having been used to purchase food, gas & other shit that could have been managable with his debt coupon dollars & his cash reserves r close to depleted...
what r u gonna do man...friends & family r often a bunch of hard heads with soft behinds....
You will only have to bail them out again with tax payers money.
"which today costs much less then yesterday courtesy of Jim Cramer's wholehearted, and about 2 years overdue, endorsement of gold last night..."
2 years? More like 10, though admittedly 2 was the last time for a screaming bargain.
If mortgages didn't take the banks down, how is a small silver trading desk going to? All this will do is cost tax payers more because Fed and Gov are JPM. These banks WILL NOT be shut down until the whole thing blows up and $$ are no more.
+1 - At least someone here is using their head and thinking like an adult. Unfortunately, a lot of people here want the "crack up boom" to hurry up. I think they'll all be in for a rude awakening.
Personally, I like my current standard of living. I'm not looking forward to beans & rice & violence.
Your current standard of living is in jeopardy and has been for quite some time, whether you want to believe it or not..
They cant do anything to manipulate physical delivery and holdings placed in a desk drawer!
So if/when gold skyrockets, can't the gov't step in a declare 1oz of gold to be worth $xxx, thus screwing those who hold physical? Or am I missing something huge here?
They would have to issue a new currency that was backed with that amount of gold.
The tide doesn't stop just because the king commands it.
tmosley is completely correct as usual.
Any kind of price decrees or attempts to confiscate or otherwise encumber gold will just drive it deeper underground.
And show .gov for what it really is: a soft dictatorship, but getting harder.
"A soft Dick-tater-ship, but getting harder!!!"
Now now DoChen, what you got rolling around there in them bearings, eh?
How goes the absinthe? You sound clear like a Klaxon!
ORI
http://aadivaahan.wordpress.com
Still enjoying my absinthe & berry vodka concoction... Late at night though.
...
The bearing business is very interesting at least from where we operate.
Remember, even though bearings do not have brains (just a hole in the middle), they do have balls of steel!
Ahahahaaaah! Good one DoChen.
May the rim never squeeze!
ORI
http://aadivaahan.wordpress.com
Sounds like you've got your "bearing straight."
They can outlaw the ownership of gold by Americans...they have done that before. I am not saying they will, since I think the top for gold is near.
Right, just like they outlawed marijuana. That drove the price to zero!
Ha ha. Top grossing agricultural export for Washington State for a number of years now.