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Mike Krieger Explains Why Silver Bullets Are The Only Defense Against Modern Financial Vampires
From Michael Krieger of KAM LP
A Silver Bullet for Modern Vampires
vam•pire
noun \?vam-?p?(-?)r\
Definition of VAMPIRE
1: the reanimated body of a dead person believed to come from the grave at night and suck the blood of persons asleep
2 a : one who lives by preying on others
Does the above definition of vampire by Merriam Webster remind you of anything? Yes of course it does, it reminds you of the Too Big To Fail Banks. It was extremely appropriate for Matt Taibbi to refer to Goldman Sachs as the “Vampire Squid.” Just as the above definition lays out, vampires are able to come back from the dead and once they have done so they drain the life out of the living while they sleep. Need I say more? The big banks and the Federal Reserve are modern day vampires and they are feeding off what remains of the living (productive) parts of the economy while the majority of Americans are stuck in a reality tv, Prozac induced coma of endless propaganda and brainwashing. Indeed the vampires are feeding off of an American public that still by and large remains “asleep.” These are ideal hunting grounds for vampires.
The reason vampires feed on people that are asleep of course is that they attempt to attack when their victim is most vulnerable. The cover of night is when vampires are active, which is exactly why the Federal Reserve must operate in the shadows and why it fiercely fights off attempts to disclose its activities to the public. The TBTF banks and the big trading brokers that scamper off like cry babies to their sugar daddy Ben Bernanke every time they have a losing trading day must be exposed as the economic life sucking vampires and financial terrorists that they are. They must be brought out into the light of day and exposed for the unproductive, unable to compete in the free market jokers that they are. I have said it before and I will say it again. Until these entities are put out of their misery, restructured and key executives now and from the crisis are prosecuted there will be no sustainable recovery other than repeated phony boosts in aggregate demand created by printing money. More worryingly, the social fabric of the country will continue to deteriorate.
So all this vampire talk leads me to an obvious conclusion. Silver! When I was last on Max Keiser’s show the “Keiser Report” a few weeks ago we discussed the latent power in the hands of the people via their ability to buy physical bullion and take delivery. There is no more powerful and effective vehicle of political protest than taking this action as a vote against the fascist policies of the Federal Reserve and its abusive money monopoly. This is because the Federal Reserve’s power lies in its ability to create AT WILL as many fiat dollars as it pleases to further its agenda, which at this point is clearly entirely aligned toward helping the bankers and the politicians in what I call the NYC/Washington D.C. cancer center. Gold and silver are the historical and indeed the modern day competitors to fiat money, which is why they tend to be demonized so much by the mainstream media and financial press and are almost never addressed by Federal Reserve members even though they have been at the heart of global finance for millennia. Ever since our conversation, Max has launched a very powerful campaign aimed at the silver market as a way for the average citizen to fight back against the criminal banking system intent on turning the vast majority of the Western world’s population into modern day serfs. It is prescient and it will succeed.
Part of why I have liked precious metals for many years now is because I knew that this day would eventually come. That the suffering people of the world would finally have had enough and would fight back. I knew that the most effective way to fight the system would be to take physical delivery of precious metals as the surge this would cause in the price would be evidence of a total loss of confidence in fiat money, which could only then be countered by a return to some sort of hard money or revaluation of the dollar in order to reset the system, or the “ctrl alt del” print.
This campaign is not just brilliant in its potential effectiveness but its real power comes from the inclusion of as many everyday citizens as possible in the fight. You see, back in the late 1970s when the Hunt brothers and others bought up a large percentage of the world’s available silver, they were relatively easily demonized and stopped by the government.. No government no matter how thuggish is going to be able to stop millions and millions of people the world over from buying a few ounces of silver. Silver is also in much shorter overall supply than gold since pretty much all 160,000 tons of gold estimated to have been produced over the course of human existence is still around somewhere. Silver is largely consumed and its annual production is estimated at only around 600 million ounces a year. Think about this for a second. While every adult American doesn’t have the $1400 to buy an ounce of gold, they do have the $75 dollars to buy three ounces of silver. So if every adult American spent $75 on silver that is total annual global production folks. See how powerful this is?
Ah but there is more. Keiser’s campaign has been accepting videos from members of its audience that support the campaign and he has then been posting the best one’s on the website. This takes the focus away from any one particular individual and puts it in the hands of the people that are participating. This is extremely empowering just as youtube and the internet in general are extraordinarily empowering. Someone that has never reached more than ten or twenty people in their lives with their views are now reaching thousands through the internet. The establishment “filter” on news and ideas is gone. The internet is the Guttenberg printing press on steroids. Let’s not forget that the Guttenberg press was key in sparking the Renaissance. This is why I am completely convinced that the current system will collapse. It has run its course and is no longer helpful to humanity’s progress in the 21st century. The people do not want things to stay the way they are and in fact the means of ending it are very simple. Much more simple than voting at the polls for politicians that know nothing and can be bought off within a week. Vote with your money. Buy silver.
All the best from sunny (and warm) Colorado,
Mike
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SILVER BIOTCHES!!!!!!
Not all that long ago, many ZH readers mocked wallstreetpro2 for pitching silver during one of his hilarious anti-china videos. Seems the 'ole redneck was onto something.
am expecting to see some form of regulations to censor the internet soon....hope I am wrong....
I have the same exact feeling. are you listening to john young on AJ today?
best hit up your favorite mint online while you can... and don't forget to pledge your bullets at http://standfordelivery.com
What’s the point … Stand up & be counted (give it a rest already!). Is this yet another honey pot operation? Just take delivery … say no to tracking, say no to Big Brother.
Great article Michael Krieger.
Anyways … Forget about all the great uses silver has for a second … Gold (auric) … may not be as useless as we have been lead to believe.
At the website, "Weather Wars" ...
ORMUS, White Powder Gold, Philosopher’s Stone, Manna, The Elixir of Life ...
& / Or type “ormus” in to the "Weather Wars" search box …
Scott Stevens talks about (5278 views) ...
Youtube - An Introduction to Ormus from Blue Water Alchemy
Scott Stevens talks about (2967 views) ...
Youtube - Which Ormus is right for me?
Blue Water Alchemy
QUEST FOR THE PHILOSOPHER'S STONE
ORMUS CHEMICAL PRODUCTION TECHNIQUES
ORMUS CHEMICAL PRODUCTION TECHNIQUES CONTINUED...
... hmm, makes a person wonder why gold is (& has been) so valuable.
... maybe you can eat it after all.
I'm sure some such plan has been in the works for a while. Unfortunately the "Avenge Assange" attacks launched recently could provide the perfect excuse to rush them into law, giving federal agencies authority to not only take down servers within the US, but to selectively block all US citizens' access to servers worldwide by specific IP address.
Internet access could become like driving -- "a privilege, not a right."
What the hell are you talking about?
Walstreetpro2 (note just one "l") started posting on YouTube about four years ago. He hasn't posted recently. He will hang Chinese products from the ceiling and smash them with a baseball bat. He is to admired in the extreme because he bought silver with his credit cards (several years ago), and then defaulted on the cards. God Bless him. Probably more clever than Max Keiser. Unfortunately for me, I have too much to lose to be defaulting on credit cards. If the world ended tomorrow, I would take out 100 cards, buy $100K of silver (assuming a $1K limit) default on them all, and then change my name.
See "Best of" 1 of 3 et seq here:
http://www.youtube.com/watch?v=4k4xPUZRdC0
Be careful - mature language - he refers to Geithner as a "c&^sucker"
PS: MasterCard probably put him in Guantanamo after he started teaching the "use credit cards to buy silver and then default" Gospel. He didn't have the audience that Assange does and hence popular support/protection. We probably need a global hacker attack to find out where he is and free him.
I'll bet he had a coronary. That much anger isn't good for your health -- even if it is understandable.
Never saw these greatest fucking hits compolations these are great, miss this guy. Anyone know what happened to him?
I'm friends with him on facebook. He's still around but not doing videos at the moment.
Please pass along our well wishes. We really miss WSPII.
Will do.
It wasn't difficult. At the highest macro level, all one had to do was evaluate whether or not there were sufficient energy resources available to generate the necessary 5-10% CAGR, over a period of multiple generations, required to service the global Ponzi.
Please don't construe this comment as an observation on peak oil. That issue speaks of stasis & decline; rather, it's a simple statement of growth. In point of fact, if there were another 5-10 Ghawars readily available in which to raise the living standards of 2b Indians & Chinese to the level of suburban Orange county, the $100-200+ trillion debt overhang would be nothing more than a piffle.
When this whole affair began a few years ago, my generic reply to those who believed some kind of recovery was imminent was this: not only would all the fraud, corruption and outright lawlessness of the FIRE economy have to be restored, but it would have to be doubled. That's right - it wouldn't be sufficient for just Americans to have NINJA loans and equity drawouts for boats, RV, Hummers, etc. Rather it would require new franchises in developing countries to embrace the same "ideals".
Over the ages, energy utilization tracks 1:1 with GDP growth. It doesn't have to be oil, it just has to have a large enough footprint to support economic activity. (SETI is all about searching for radio ie energy consumption, signatures of intelligent life.)
The game all along is to determine whether or not a miracle was in the offing. That's what kick-the-can has been all about. The shit that is now occurring wasn't unexpected; rather, it was completely expected. They knew at best they had 2-3 years - it didn't happen, so now the models are being proven correct.
So, here's the 64k question: what prize does one win for understanding this essential truth? Hint: it's starts with booby.
I don't really have a problem with boobies as priz--What? Oh, never mind.
Get everyone on the teat.
In point of fact, if there were another 5-10 Ghawars readily available in which to raise the living standards of 2b Indians & Chinese to the level of suburban Orange county, the $100-200+ trillion debt overhang would be nothing more than a piffle.
No. The biggest flaw in "peak oil" is that its adherents believe it to be "the" issue. Peak consumption, born of peak credit, and the peak central banking that made it possible, resulted in unsustainable levels of economic "growth" with, of course, peak demand for oil. The problem with central banking is that it seems to work for awhile, until it fails catastrophically. In the meantime, though, everyone is fooled and develops (false) worldviews called "paradigms" that are very difficult to break.
In other words, peak oilers still believe in the Fed.
Yeah, Martenson, I mean you.
Whatever happened to walstreetpro2?
http://www.youtube.com/watch?v=4k4xPUZRdC0
Heard from dailybail.com he got a job.
http://research.stlouisfed.org/fred2/series/MZMV?cid=32242
AMEN. AMEN. AMEN, AMEN, AMEN.
For our collective edification:
http://www.youtube.com/watch?v=_RIrBiVuN3w
keep stackin'
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/9_KW...$150_Higher_Within_5_Weeks.html
Im in the UK temporarily and looking to buy some silver coins and bars before Christmas, does anyone have a preferred way to buy silver in the London area? Your help would be greatly appreciated.
ATS BULLION
We are based in the prestigious Savoy Court building, right next to the Savoy Hotel and just off the Strand. Our aim is to continue the traditions of excellent service and reputation established from our origins at Spink.
Thanks smeagol,,, off to get some precious!
I have a short term ta$rget in Silver that equals 26.50$
1.26 EURUSD ratio gold/silver = 50x at a constant ratio 1050 euros gold = 1326$ gold/ 50x = 26.50
Sell Commodities -for big profit taking just for december
China gonna hike Interest Rates...Housing Bubble nervous
Which gonna means Sell Equities across the globe...
Just watch Mexico,Argentina,BRazil,All Emerging Markets making reversal patterns...
EEM - Weekly Shooting Star Candle pattern
EWW -Hanging man
Sell Peru,Chile...
TUR
and so on
India
http://research.stlouisfed.org/fred2/series/MULT?cid=25
What is the likely impact on consumption in the economy once/now the average punter starts buying silver Kriegers with any and all their spare change, available credit?
It's almost like you guys want to crush what's left of domestic demand to expedite the end of the economy because the silver coins are burning a hole in your pockets....;)
you can never go wrong reading mike....buy early and buy often and don't be chintzy....buy as though jpm's death depended on it....
fuck jpm and the horse they ride on...
gold and silver are in permanent and severe backwardation....fraudulent swiss banks, and i wish smartknowledgeu would name names - and the lbma are paying 25% premiums to "customers" to settle in cash.....
I am advertising the hell out of this Crash JP campaign. Looks like my state will be issuing me a CRASHJP plate for me car as well. FU JP
http://www.youtube.com/watch?v=akF1jXant7g
Your forty three seconds of video equals one big smile from this Redneckistanian.
Glad I could bring a smile. Buy some silver and we might all be able to smile once again.
Once my plate comes in for me car I'll post it.
Dr.
Just rec'd a WAD,I am doing my part
I can't wait for Xmas. Everyone who asked me what I wanted for Xmas was told to buy me some silver.
Outstanding video, should be viewed by every ZHer.
Tony,
Would you want YOUR name out there, with the world knowing you had it?.
The Gentleman with the Slvr issue, had that stored since the late '90's!.
You can go to
www.KingWorldNews.com
And read all about it.
tony,
Gold and silver are in backwardation now? Is there an easy way for me to check this? Via a link perhaps? Thx...
Alas, I cannot buy silver and gold until I am back in the USSA, and by then it might be all GONE!!! I am glad I stocked up pretty well over the past 3 years, but still I feel a little light...
I have read in some ZH articles that the coinshops and APMEX and Tulving are very low on product. Anyone else care to comment?
May wish to consider buying the below as well:
-- guns & ammo
-- prescription meds
-- food (and those with land some seeds)
-- water & water cleaning products
-- and in case I am wrong, say $5000 in FRNs there in the house.
Damn smart plan. I have 15K FRN notes around and probably need to cut it down. Worthless shit. (toilet paper maybe)?
PS Add favorite beverage.
I'll exchange some softer ply paper for those FRN's if you like. Just as a favor you know to prevent chafing and hemmorhoids
+1
How long do you think the transition will be from FRNs to real money (gold/silver) when TSHTF? That is the question you have to ask yourself when trying to figure out how many FRNs you may need.
When the secret printing of the new fiat currency begins, someone somewhere will tell someone. They won't be able to contain the information. And well once it hits the Interent.........
I live in Coeur d'Alene, ID just a few miles west of the Silver Valley. I have been buying silver for about 3 years. What I notice here is that when silver gets above $20 the coin shops here start bursting at the seams... a few thousand ounces per store is typical (Coinuts & DJ's Coins) all sorts of 100, 10, 5 oz. and odd size bars/coins. This time as we approach $30? There may be 100 single ounce coins (and a handful of ~ ms70 type sealed) no bars to speak of, although they had two 5 oz oversized coins that carried a big premium over spot.
Being a public servant money is always tight, boom/bust/whatever, so now I am wishing I had the means to pick up way more than I did (contemplated doing the buy on credit & default, but I still have to look @ myself in the morning). Now that spot is over double what I was paying I'm having a hard time buying right now. Someone get me off the crapper and back into buying mode.
I see support @ $26 +/- but there will be none to find anywhere for sale (short of eBay?) locally at that price- it will fly from the display cases. If JPM is successful in there last hurrah (I know- shame on me for even thinking it...) I see it hitting $22. The cat is not entirely out of the bag yet. There are millions of Americans that must be made aware that gold and silver are indeed REAL money and fiat is a polticians promise. When that happens and the acceleration ensues, well let's just say I should be able to meet my obligations regardless of what the dollar/euro does. This is where we will be able to use our newly minted free time to look for better opportunities while the remaining citizens scramble for dinner that night.
Eat the rich.
I live in Toronto, went to my local coin shop and they were out of Maples and they tried to sell me a 1oz round for $37.25 and they only had 2 of those.
I just purchased from www.nwtmint.com
I will not be going back to this shop again the premium is crazy.
Supply is getting really tight.
Red Alert: Gold Backwardation
http://news.goldseek.com/GoldSeek/1228499200.php
http://forums.silverseek.com/showthread.php?23212-Silver-Backwardation&p=141534
I was 99% (not 100%) certain there'd be a lil delivery problem... where the EFFF is my gold and silver? Answer- 'the banks don't got it!'
I ordered 100 silver rounds yesterday from NWTM. A little OT but I got an email from NAI (National Inflation Association) yesterday. They sent out their latest reviews/ratings of Gold and Silver Dealers: http://inflation.us/reviews/ . They got it wrong with their ratings on the two dealers I have personally dealt with so I emailed them. Received no response back yet.
=============
RE: NIA Releases Updated Gold and Silver Reviews
NIA,
I looked at your 2010 ratings. I am providing you feedback as they do not reflect reality for the two PM Dealers I have used.
You rated First Majestic Silver:
Pricing: 5 star; Shipping/Processing: 4 star; Customer Experience: 4 star
Today, the cost for 40 each (minimum order) 1 oz Ag Rounds is $US 31.86/oz (includes shipping & insurance) I found their order processing “poor”, customer experience “poor”, overall rating “poor”. I ordered from them one time. That was enough for me.
You rated Northwest Territorial Mint;
Pricing 3.5 star; Shipping/Processing 4.5 star; Customer Experience 3.5 star.
Today, the cost for 50 each 1 oz Ag Rounds is $US 29.87/oz (includes shipping & insurance).
I have placed many orders with NWTM and have found their order processing/shipping to be “excellent”, their customer experience “excellent”, My Overall Experience “excellent”.
There is no comparison in terms of quality/content of their websites. NWTM is much better than FM.
This makes me wonder how you come up with your ratings. I’ve subscribed to your newsletter for more than a year. You have not solicited me for my input/ratings on PM Dealers. You should to publish your methodology for determining your ratings.
You also need to disclose whether you receive compensation or consideration of any kind from any of the outfits you rate.
Pegasus Muse
==============
Wondering if NAI's ratings jive with other ZHer's experience?
my orders from NWTM in 2006 and 2007 took 2.5 months each to receive. I won't do it again. Colorado gold took 1 week
Bought from "Northwest Territorial Mint" myself ... they made me wait 3 months for delivery ... that was tense!
NWTM, is missing SO much business its unreal.
They have some products I would like to have purchased, but no way I am wainting 2-4 mnths for Slvr.(not now at least, plus their prices are higher).
You would think that future sales are fraud. A legally cloudy fraud.
heads up... Gulf States going to raise their reserves again as premptive for their own single currency like the euro....
12/9
GCC urged to boost gold reserves
http://www.thenational.ae/business/economy/gcc-urged-to-boost-gold-reserves
GCC states should boost their foreign reserve holdings of gold to help shield their billions of dollars of assets from turbulence in global currency markets, say economists at the Dubai International Financial Centre Authority (DIFCA)......
Hey Mike ! welcome to Colorado... I left NYC investment banking after 26yrs in Brooklyn, left last March.. love it in CO ! Day trading. Drop me an email and say hi. We could have coffee on the Pearl Street Mall in Boulder, talk markets and nyc. Awesome views.
No, go to Lolita's just on Pearl St
NO mall!
ya till jew Liberman lobbys the kill switch, then the only last free speech tool will be gobbled up by the ZOG and no one but Israel wins in the end. This rabbit hole goes very deep,a nd it always reverts back to this parasite.
this is when we start investing in lead...
Glod and sliver, sliver and glod...
i wsna't srue waht yuo wree syaing terhr untlil i put on my dsielcitc galsess
Silver makes a great vampire bullet, but so do bonds!
JPMorgan not only has a silver problem but an interest rate problem!!
U.S. Treasury prices plunged on JPMorgan is by far the largest derivative player in the world and they are the largest player in interest rate derivatives.
Wednesday for a second straight day, pushing benchmark yields to a six-month high, after a deal in Washington to extend tax cuts fueled fears of inflation and a swelling budget deficit.
The real risk to JPMorgan is the speed of which long bond yields rise as they cannot get out of their contracts. This will probably be the spark that ignites inside a coal mine. A yield of say 5% would create a 1.6% loss of over 640 billion dollars (they state, I believe, a notional 90 trillion interest rate swaps so 45 trillion on the long end and 45 trillion on the short end). That would blow up JPMorgan and create havoc and collateral damage equal to a neutron bomb in the financial area of Wall Street.
So the 'take home' lesson here is to NOT buy bonds, so the interest rates rise even more. Also, BUY silver (and gold, and platinum, and anything else except bankster paper). Dang, this investing stuff is easy.
The interest rate swap derivatives are indeed a thermonuclear weapon of mass destruction that is just waiting to detonate. This subject receives NO ATTENTION whatsoever even though the interest rate swaps market is MUCH LARGER than the credit default swaps market that triggered trillions in bailouts and govt guarantees. A meltdown in the interest rate swaps market will be the end of the financial system...there isn't enough money (physical or imagined) to cover the effects from the domino-like counterparty defaults.
As such, make no mistake that all manners of market manipulation by the Fed and other central banks start and end with keeping bond yields low. The minute that the bond vigilantes wake up it is all over...can you see the blood in the water yet?
People in the past looked at me funny when I stated "Buying prescious metals was an act of REBELLION!.
Same here, now they're upside down on mortgage debt and i'm up 400% in the piggy bank.
STILL IS!!!
That's why I bought, silver is my middle finger
Just compare the price of things when you were a kid to the price of the similar things now. Paper fiat money goes down in value. Meanwhile silver coins have gone up in value. Silver is the peoples' money.
Gresham's law bitches! Get those metals while there still some for sale.
If you buy gold instead of silver, you take care of all the shenanigans instead of only JPM... it's a mystery to me why Keiser isn't doing a call to buy gold coins....
Because not everybody can afford to buy gold coins, but silver? This is the everyman metal. Both will work.
I try to tell the kids I work with to buy a couple of silver halves<1965 every pay day. I guess when you are living paycheck to pay check it is tough, but, when I see the stuff they piss their money away on I could scream.
Just keep pumping away.
Letting them know how much it's appreciated helps. I've flashed a maple at a couple of people now and told them I bought it for £23. Now even off fleabay they're running at £28; £35 from a dealer. The real shocker is when I say I bought in the deep and distant past of mid-september.
Most americans can afford a few ounces of silver, but perhaps not gold at these prices. Also note silver supply is much tighter.
Does that help?
Yeah, seriously, when you're bringing home about $25K after taxes, even $700 gold was a heck of hit.
The problem is that there is plenty of gold in the vaults of central banks around the world. So much so that average people buying won't have a very big effect. Silver is a much smaller market (undeservedly), and has been subjected to much, MUCH more suppression than gold (look at historical gold to silver ratios--it used to be what? 1:25?). This has gone on for so long that it has caused almost all the silver in the world to be consumed.
I don't know why anyone junked you. What you say is correct, with the exception that I think the more common ratio of silver to gold price over history is around 1:15 not 1:25.
There is a good deal of gold in central bank vaults, and they've become net buyers again.
BUT, it's estimated that well over 80% of the world's gold is in private hands, not central bank reserves.
Which hands do you think are the strong hands? Central banks with giant debt problems, or people who believe that gold is real money and fiat paper is not?
Yes, it can come out of the vaults of central banks. That is the problem. Gold, even undervalued as it is, is extremely valuable, and central banks hold enough of it to hold down prices for much longer than is the case with silver, where hardly anyone has any stockpiles whatsoever.
Gold is real money, and abides as such. I will trade my silver for gold before this is all over. The silver will feed industrial stockpiles.
This Mike guy, he's okay. Don't forget to visit Nederland, the Frozen Dead Guy, and the organic co-ops--the other movement against mainstream stupidity.
Not sure i get it...silver goes to $200...then what?
The goal is not to raise the price, but to end the market manipulation. Buying up what little physical silver there is will cause JPM and others to default on their naked shorts and break the COMEX.
That is, unless we are all a bunch of crazies and they have all the metal they claim to have, in which case, there is little harm done.
Then the hedge funds can start jumping onboard?
At that point (or thereabouts + 300/ -50) stocks p/e ratios should be averaging around 6-7 instead of 21 today... ... sell silver and buy stocks when everyone hates stocks because they've had their clocks cleaned by the bankers' game.
If you really want to take this sucker down buy oil.
Oil's a bit difficult to take delivery on.
what am I missing here?
JPM, GS, C, etal, are effectively children of the government. "Crashing" JPM only illicits more reactive response from Daddy Ben and Mommy Timmy. They will survive whatever happens.
I am buying silver too, but I don't see, at the end of the day, that it'll make a flyingfvck of a difference on JPM.
It will cause them to default on their silver obligations. That is the point of this exercise.
If JPM goes bankrupt, great. If they are bailed out by the Feds, fine, but the Feds don't have any silver either. Once it is out in the open that they were manipulating the market, they won't be able to do it any more. If JPM defaults, then that will cause a domino effect as futures and options contract holders worldwide demand delivery of silver just in case. They won't get any, as they find that the silver they own was oversold by a factor of at least 100. From there, all that money will rush for the exits.
If any government attempts to stand in front of that wave, it will be toppled in an instant.
Oversold by a factor of at least 100. Sounds like that Jim and Tammy Faye Baker resort!
i suppose if you're lucky and rich enough you can buy enough time to forestall the inevitable. your charming little crusade will undoubtedly occupy an interesting footnote appended to the eventual history of the unprecedented cataclysm which will sweep away generations.
apologies if this has already been posted:
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/12/06/benzinga6689...
Damn, are you guys that poor you cannot even buy one ounce of gold ? Is the US a third world country ?
does a grill count?
http://teethgrillz.blogspot.com/2009/09/flavor-flav-grill.html
I think your getting the picture.
Unfortunately, I don't think that buying silver at $30, especially in the form of 1 oz. coins with their own substantial markup, is such a good idea. If the paper silver phoneis are going to be broken, I think it will be via people dropping their paper silver and taking bullion. For example, someone who bought SLV around $12, but then sells the SLV and buys 100oz. bars. Then they effectively have a $12 cost base.
wouldn't the compounded effect of people taking silver upfront AND people dropping their SLV and taking bullion have an even larger impact?
Could such a large endeavor to crash JPM actually be backed by a desire to shake paper holders into moving to physical and thus be the true cause of the demise of JPM?
In essence.. if Max can rally up hundreds of thousands of people, maybe millions (who knows) to buy physical.. perhaps he is trying to cause a bit of panic in SLV holders who may see a very real possibility of not being able to demand delivery and thus force an even more vast run on physical.
All I know is I bought my Ag for this month.
Pls let me know where you get 100oz bars @$12.00oz.
More like $3,000.00, and subtract the $12.00oz from your NEW purchase price, to get your true CB.
What am I missing here?.
"For example, someone who bought SLV around $12, ..."
... just guessing, but that was 3-4 years ago.
I believe that it is today our moral DUTY as human beings to buy physical Gold and Silver with each and every penny that we have. Stop buying shit you don't need, cut down all nonessential spending to zero in order to buy Gold and silver.
It's not only duty, but self preservation. The ponzi is so big and multifaceted might be nice to have an asset outside of dollars when invariably something goes wrong and our pretty little lives fall apart.
Beautifuly put G_G, nice to see you.
Precisely. Our last "splurge" was a nice dinner out with the family when silver breached $25. The next expenditure is a fairly nice travel trailer at $50, which will serve a trio of purposes. It will be a nice little clubhouse on the property, facilitate much cheaper vacations, and serve as a starting point for bailing out, should such a thing prove necessary.
Other than that, not much. Just a very few used video games and the occasional night at the drive in. Otherwise, all silver, with a dash of gold.
GG,
I agree to the extent of having enough FRN's to do a month by month.
Only problem, is a few/lot here, cannot afford to move their PM's offshore, and into a safe haven, there are none I know of.
Or know where to do so.
I stand with Shameful and reload: BUY NOW!
I am also very pleased to see you back Gordon.
EDIT: and DosZap!
All of my Christmas presents will be silver.
Oh my. This is slightly off-topic but I wanted to forward this along to ZH. Someone was apparently upset with the HFT xtranormal video first posted here: http://www.zerohedge.com/article/next-xtranormal-docket-hft-explained-ca...
He made an xtranormal video response to it, defending HFTs: http://www.youtube.com/watch?v=R8_MA4sHrY4
He's quite surly, and it is quite amusing.
hey ZHers sorry this is a bit off topic, but which are the best gold coins to purchase? is 1/10 oz preferable to 1oz. etc.
many thanks!
Buy what you can afford and what is recognizeable - ie American Eagles, Canadian Maple Leafs, South African Krugerrands. The smaller the size the larger the premium over spot you will pay.
in your opinion is the premium worth being able to sell easier later?
Well, I own 1 oz and 1/10 oz sizes personally, so yes I did buy some smaller sizes for that reason.
1/10th oz coins make great stocking stuffers at Xmas!
Also, spreads the conscioussness around...
It's more economical to buy larger single pieces due to the minting fees per coin/ingot. Buy smaller than 1oz. only if that's all you can afford.
Buy smaller than 1oz. only if that's all you can afford.
Or, if you can get a steal off the PREMS, .25/.5oz sizes are going to be real handy.
Plus, you will get a substantial premium over the 1oz coins( only if you can get them (Fracs)for 2-2.5% over Spot) though.
This occasion calls for some Thievery Corporation
Vampires
http://www.youtube.com/watch?v=jquscqfs-XE
33 Degree
http://www.youtube.com/watch?v=-9bd-iMkcdY
Numbers Game
http://www.youtube.com/watch?v=2xAJVri2a1U
Richest Man in Babylon
http://www.youtube.com/watch?v=_uxq_lZWxVc
Also, has anyone thought about how or why the vampire has become so popular in our society from a symbolism perspective? The answer seems fairly obvious to me.
I dunno if it was you or CogDis who posted this, but it's an awesome T. Corp. playlist. I am a convert:
http://www.youtube.com/watch?v=G1s1BkjLj84&feature=BF&list=MLGxdCwVVULXfoAsMyhwAfuFPh--XpcqWp&index=3
Thanks, it will be the perfect soundtrack for revolution.
Is there a more overhyped asset than gold/silver in this market right now? Hate it at $8 but love it at $30. Lemming behavior is amazing.
"Is there a more overhyped asset than gold/silver in this market right now?"
It isn't over-hyped. Very few people own either.
"Hate it at $8 but love it at $30."
I can't explain the MSM's actions.
"Lemming behavior is amazing."
Stay away from the cliff.
Yeah, because AAPL, NFLX, and Google have reached their discovery points. No lemmings in on those. /sarc
the guys who starting buying a couple of years ago didn't care about a 5 % premium.. and they doubled already...
It will be the weight that you will have that will make the difference in the end... To have or not to have.. that will be the big difference
i'm just thinking that if i wanted to use some gold in the future to pay for food, 1 oz. might be a little excessive (hopefully). maybe smaller denominations would come in handy?
Think about using gold for savings and silver for transactions.
Being wealthier would not hurt my feelings, but I am buying enough to cover my asset base now.
Insurance.If your in the USA and paying a 10% prem(on Gld), or over 5% on Ag, your getting screwed.
I am long silver and silver futures because I beleive that it is a great play against fiat money. The JP Morgan situation is just an added bonus. Question. How is it that we are certain of JP Morgan's silver position. Is there a place I can go to confirm it?
go here:(excellent summary of the depth of their short position)
http://etfdailynews.com/blog/2010/12/08/j-p-morgan-jpm-and-the-great-silver-caper-slv/
Today is 10 Dec 2.22am in the far east.
Silver will fall to $26.84 (+- 30 cents) then quickly rise up to $29.28 and above and not look back.
thanks, I'll put an overnight entry order on at $26.85 and see if your right
“Although I have passed beyond any possible deleterious effect which the Jewish parasite or the shabez goi could have upon me, I know the hopelessness of the life of my people. I was freed from this paralysis, which the Jew inflects upon the healthy members of a host nation, in two ways, first, through my life in art, and second, through my life in Christ.” ~Eustice Mullins
THE BIOLOGICAL JEW by Eustace Mullinshttp://www.radicalpress.com/?page_id=1244
JPM will not be allowed to fail.
I repeat.
Nobody is going to let this pig go under.
They will be properly positioned one way or another to protect itself, probably via some exotic hedges which are illegal and constructed in secret.
Unless the alchemists have come up with a way to turn tungsten into silver, then there is nothing the .gov can do to stop a default.
They could give JPM a 100 quintillion dollar bill, but it wouldn't conjure up enough silver to meet their obligations.
I read the other day here at ZH that the contracts DO ALLOW JPM (and/or COMEX?) to pay in cash, not forced to pay in silver. I am no expert on this, but read replies to that affect in the silver threads.
Even if I am wrong, Robot is absolutely right, NO WAY will they allow JPM to fail. Even at the cost of QE to Infinity which will probably happen anyway.
I believe that the Comex changed their rules to allow for settlement in SLV shares. Which is funny given that SLV baskets can be made from Comex paper.
And I agree, JPM will not fail as it is acting as an agent of the Treasury/Fed, who will ultimately be the ones left holding the bag.
Robot,
I know you're following orders saying JPM will never go under, we have to do what fueher Jamie orders us to, but sound a little more arrogant and shameless will you? Get some insolence in there baby, yeah gold to 200 because the IMF is selling and you're brother in law will laugh at you when gold goes to 200 and he will tell your wife, you should have listened to me and not marry this loser who lost all his money on gold
Well, since the IMF doesn't have enough Gld to sell Johnny Nads, to drive it to a $1000.00, what makes you think they have that control?.
IF, and HUGE if, Gold drops to a $1k, you will not be able to get orders in place fast enough to get delivery.
China,India,Russia, etc, will be ALL over it, not to mention civies.
JonNadler, Robot,
You forgot to mention that you can´t eat gold and silver!
Also, they are both in a rising wedgie!
Only weirdos think gold and silver are going up, sheesh! Buy stocks like AAPL.
Au to $0.02
Ag to $0.01
Do I get my Dec. bonus too, Jamie?
http://www.thedailybell.com/1572/WikiLeaks-Copies-16th-Century-Amsterdam...
Must be the thin air and sunshine.
In the very near future, the "Great Firewall of America" will begin filtering the key words, silver, gold, pm etc...
That'll really suck for those people lacking the 2 brain-cells of intelligence required to bypass it.
Unfortunately for them, they constructed the internet in such a way as to make it highly distributed and immune to attack. This in-turn makes total control or censorship almost impossible in the long run.
The only way to expose the bank ponzi scheme is through commodities (metals); food increases and/or a bond crash would do in the government.
Currency losses don't phase them as they know Ben will be there with another check. Much like the spoiled kid you grew up with, Daddy is always there to bail them out and the kid loses his value system in the process.
Silver has been very good to me...the 2-3 week down legs are easy to spot as well as the trip back up. What I find interesting is the declines are lasting for shorter and shorter periods. Usually it lasts 3-4 days...2 days this time. Suggests a rather hard long term up trend in my mind....disclosure...very bullish on silver and own a load.
That how it is when you try to defeat a market becoming a real market -- moving to true price discovery. The fools think they are "masters of the universe." Physical trumps delusion.
I've noticed that .. not much down time for silver. The takedowns are easy to spot too .... 1.58 downturn in an hour seems rather obvious compared to the more normal-like stepping stone price increases.
Im in the UK temporarily and looking to buy some silver coins and bars before Christmas, does anyone have a preferred way to buy silver in the London area? Your help would be greatly appreciated.
Peter Schiff Interviews Ron Paul on the Coming Collapse and Greatest Depression
EVER!
http://www.youtube.com/watch?v=S-KJi6pEsNI
Peter Orzag joining Citigroup. The revolving door never ends between the white house and wall street. The incest should be too unbearable for the American public who wonder where their jobs are.
But alas..fear not because Skating with The Stars is on and Balloon Boy is starting a band with his brothers.
Hey guys its junior here. Listening to you guys makes me think silver is sounding a little toppish, but since you are a minority opinion perhaps I should hang on a while longer.
"a little while longer?" Sure. If you think in terms of paper being an end game. My investment stategies are for Silver to be in the end game.
AGQ
in monthly basis - Mega Inverted hammer pattern
Please be cautious with Silver.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=AGQ&time=8&freq=1
I love coors light even more now! Who knew they stopped vampires.
Your mission should you decide to accept it, is to sneak into gentile ben's house and go into his bedroom while he is sleeping and drive a wooden stake through his heart. It is a dangerous assignment. Be careful and good luck. This tape will self destruct in 5 seconds.