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Physical Silver (PSLV) Premium To NAV Surges To Record High
While rumors that certain banks and exchanges may or may not be experiencing a dramatic run on physical silver are propagating across the blogosphere, we won't know for sure until we see Blythe Masters resignation letter. In the meantime Alexander Gloy of Lighthouse Investment reminds us of something very much indisputable: the physical premium over paper silver has just hit 20%, or an all time record. For all those who claim (oddly enough) that silver is really ubiquitous and one kicks around discarded bars of silver just walking down the street, should most certainly bet on this spread collapsing. Everyone else (presumably those who have been long physical silver for months if not years) are advised to sit tight.
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I've spent almost 20 years weeding out Internet Shills and YOU are one. Good news, most folks here seem to have already determined that... so move along now and don't let the WebmisterDOOR hit your arse on the way out. In other words YOU'RE NOT WANTED, except for amusement purposes ONLY
I'm well past being amused by the fool. He has outlived his welcome.
At least Johnny Bravo had a sense of humor.
How do you figure $5 to get it out out of the ground? Do you understand the logistics involved, or are you just spouting off random numbers for the public to devour?
Yeah people trading their silver to buy clothes and food they can no longer afford. Own physical!
Silver is part of the tradition in India.
Gold is the metal the wife brings into the mariage.
Silver coins are the gifts from the rest of the family.
1 oz of silver is a month salary.
"1 oz of silver is a month salary."
Horry Morry!
You know, supply and demand. People are cheap in India.
dup.
Due to the software boom, city folk more like 1/2 Kg of silver (at current prices) for a month's salary.
In the Metros though, it's a pittance.
ORI
http://aadivaahan.wordpress.com/2011/03/04/astrological-and-other-deep-insights-from-ca/
India is a huge buyer of sliver, and is probably one of the reasons for the price going up.
This is the first step towards a true price discovery mechanism of physical silver (and gold). As you have stated on numerous occasions in the past, the current price of Silver is an amalgamation of the price of the physical silver as well as the numerous paper backed silver deratives (that are levered 100:1 or even higher). As this market tunes out the co-efficients attached to the paper backed silver from the price discovery mechanism, the real world will realise the true worth of a physical ounce of silver. The real world is populated by folks like Eric Sprott (who experience tremendous difficulties in sourcing Silver at the current manipulated prices) and the not the folks in zyngaland or farmville (who are busy growing fake food, commodities, etc.).
Not true, the Bernankster is playing Fiatville.
Somebody please press the green <HELP> on the top left corner of that screen!!!!!
I was at the local coin shop on Saturday(toronto). He told me premiums are going up Monday. This was the 1ST time in about 2 months that he was out of 100oz bars.
I was planning to take some profits in PM miners when silver hit 37. Change some margin money into my money. Got a hunch it's got more momentum before the cartel can engineer a dip. 41, maybe? On the other hand, that Chinese lady in Vancouver says never forget to take profits. What would Johnny Bravo do?
"For all those who claim (oddly enough) that silver is really ubiquitous and one kicks around discarded bars of silver just walking down the street..."
Where's MathMan? Boy, at only $5 to dig it out of the ground - you gonna take the author up on his bet?
Found HiM:
http://www.youtube.com/watch?v=aLEKS1bVYMw
Before we get all excited about the 20% PSLV premium to NAV, look at this chart to see how the Sprott physical GOLD trust EXCEEDED a 20% NAV premium as well:
http://www.metalaugmentor.com/eforum/wp-content/uploads/2010/11/nav-premium-distribution_amended.
Then, the NAV premium went down because Sprott bought more gold for the fund and issued more shares, killing the NAV premium.
Sprott says he learned a lot from this experience, so maybe the NAV premium on the PSLV will persist....
But I don't believe that the PSLV premium shows tightness in the silver market in and of itself. I am more impressed by the persistent backwardation from spot to the 2015 COMEX futures contract:
http://www.cmegroup.com/trading/metals/precious/silver.html
It's about a buck still...where are the arbitrageurs?
From where would he buy the physical silver? He had enough trouble sourcing 15m oz to start the fund.
I don't know.
I sincerely hope that Sprott will add more silver to PSLV, even though it will piss off current shareholders to no end....
PSLV II
Holy Cow!!! That is India's Big Ariane Competitor Rocket: Polar Satellite Launch Vehicle II...
It's a sign people!
Silver to the moon!
ORI
http://aadivaahan.wordpress.com/2011/03/04/astrological-and-other-deep-insights-from-ca/
If he wants to start PSLV 2, he can just buy the silver from SLV.
http://www.youtube.com/watch?v=_-dBQd16cvg&feature=player_embedded
SLV has the Silver. Go print out the audit and bar list. You're a fucking moron if you believe that shit...
The Gorn doesn't believe you even watched that video...
The guy is full of shit.
on Mon, 03/07/2011 - 12:39
#1026604
To: Math Man
If he's full of shit how come you've got all the junks in your trunk?
Correction - You're a fucking moron if you believe the shit MethMan lets out.
SLV = allocated + unallocated, capisce, motherfucker?
You're just fucking wrong.... only 1100 ounces can be unallocated.... 346mm are allocated
"The custodian may hold silver for the account of the trust on an unallocated basis. However, the custodian must take reasonable action to minimize the amount of bullion in the trust’s account that is on an unallocated basis, and the custodian must allocate silver bars to the account of the trust so that no more than 1100 ounces of silver are held for the trust’s account on an unallocated basis at the end of each business day of the custodian."
Shut the fuck up and stop spreading lies.
OK, now we have established that it IS unallocated+allocated. Even 1 oz would make it a combination.
Hence we can also establish that you are a liar, for deliberately passing on information which you, yourself, proved to be incorrect.
99.999996821% of SLV is allocated. There is more allocated silver in SLV than pure silver in your average silver bar.
Your behind the times, Meth.
Ferrari SpA's new four-seat FF model:
http://www.washingtonpost.com/wp-dyn/content/video/2011/03/01/VI20110301...
Dude, GEN down over 9% since your call last week! Good Job :-)
now that's not fair posting people's past predictions and making them look like fools
Apology accepted. We all knew you were a liar before you started posting in this thread anyway.
He doesn't want 10K pages of Sn#'s.. He wants physical silver..
PSLV, (Physical) SLV.. get it?
CEF physical gold/silver, half and half trading at about 7% premium, which equates to about 10% premium on silver. better buy than PSLV
And GTU, real gold trades at NAV 3% premium.
Hold the headline, Silver and Gold came off the heat burners 2 hours ago!!
Meantime the Nasdaq and S&P are dropping their knickers today which is good for the shorts (Mwhaha;))))
...Nasdaq 100 down almost 2% so y'all believers in Benny the Bean controlling the stock markets better wake the dozy midget up coz he's got ALOT of work to do today!!!!!!!!!!!pump!!!!!!!!Benny!!!!!!!!!!!pump!!!!!!
if it isn't in your attic, a wall safe, or burried in your backyard, then you don't own it. Paper means debt not ownership these days
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
and as mentioned above...
even though you have it.. can you keep it... no not from pirates (although that should make a persons list of concerns) but from the Government ( http://en.wikipedia.org/wiki/Executive_Order_6102 ) Confiscating it..
So, where do you hide your silver and gold? and now you know why those crazy guys with metal detectors are always making those crazy finds..
The threat of gang bangers taking your gold or silver is a secondary threat of the U.S. Government taking your property... it would be the 4th time in history it has happened?
Premiums going up, Silver forced down. Memories of 2008 begin to flash before my eyes..
Actually it's the other way around....
silver was forced down so the premiums went up.
For awhile after it fell there wasn't much retail silver available. Even APMEX was scratching to get some. (They were sending faxes out to retail stores to buy up the stores inventory).
I won't buy the non-physical shit and have been chasing PSLV up for weeks now.
Can't we have one more BTFD opportunity?
It's dipping now...from 8:30 EST as usual.
And the retail morons continue to buy PSLV at a premium, while the big boys can buy SLV at NAV and exchange shares in 50k blocks for bars of silver. SLV also has physical silver... but Sprott pulls of the biggest scam in the world by convincing people it doesn't.
Amazing. The 20% premium on PSLV proves this is just speculative hype... no rational person would pay a 20% premium when they could just buy SLV. This is going to end very, very badly for the retail longs. PSLV is stupid retail money- nothing more, nothing less, and Sprott is taking them for a huge ride. We only actually use 50% of the silver we mine each year... the rest is being hoarded by PSLV, SLV and dumb ass Zerohedge readers who a burying it in their back yards.
Silver will be back at $20 by this summer... it simply can't stay here. There are 10,700 tons sitting at SLV for anyone who wants it. It only costs five bucks to dig it out of the ground and the producers have no confidence that the prices will stay elevated that they are banging the back of the curve so hard they've inverted it!
The only thing that is pushing up the price right now is speculative investment demand... which really just amounts to the greater fool theory. If I buy it now, I can sell it to someone else for more later! But why? There is a massive over supply in relation to actual uses... and that is why the curve is backwardated. The miners know as soon as the bubble pops and the speculative demand disappears, they're going to be selling this stuff for $15 bucks an ounce again -- or $10 bucks an ounce in profits, instead of the $30 they can get now. Hell, it may even drop below $15... the problem with speculative demand is that it eventually become supply.
Awesome Post Meth! Thanks! Will you hang yourself if it is not $20 this summer?
Methman:
With his utterly bizarre, wildly UNfactual statement, MethMan was clearly not only willing to slip the noose of noncredibility over his neck, but was perfectly happy to voluntarily jump off the platform as well.
MethMan's credibility: RIP
Absolutely true. Only around half of silver we mine each year is used for industrial uses...
Liar.
In excess of 80% of the total silver supply of any given year is eventually used, and consumed, by industry --- you conveniently neglect to mention the vast amount of recycled silver sent to industry each year from that other 50% of annual mine production which was previously used for silverware, jewelry, coins, bars, etc.
What he says is sort of true, but basically extremely intellectually dishonest. The same stream of fabricated doublespeak we've become so accumstomed to here on ZH. Any statement which leans itself to a certain interpretation, but in fact doesn't hold water on closer scrutiny.
http://www.silverinstitute.org/supply_demand.php
Industrial use is around 50% (for 2009 only, the result of the recession, ie cherry picked data), but he implies the rest is used for "speculation". When you look at the numbers, you can clearly see that's a bold faced lie.
Photography, jewelry, silverware are clearly not "speculation" in anyone's universe but MethMan.
He shows all the signs of the other paid trolls on this board.
Yawn.
What's on CNBC right now, MethMan?
Mark Haynes saying what good is gold, you pay someone to dig it out and somebody to watch it after it's dug out from the ground and silver sucks too
10 years ago I had hope for Haynes. But then he realized he needed to pay his bills and the rest is history.
Haynes had a brief flicker.
Santelli had a spark.
Now both are toeing the company line.
They should have a Silver Roundtable with Nadler, Christian, Gartman and Math Man to straighten this all out.
The public deserves an explanation and who better to tell them but the experts?
Nadler has given up making any public appearances, due to the embarrassment of having to constantly wear Depends after continually finding his silver shorts shat into.
Nah, paid disinformation agents are well aware their statements are untrue. It's a shameless profession.
Your point about the 20% premium is a good one, when you can buy physical silver yourself for 3 or 4% (with Junk or 100oz bars) Crazy greedy foolish monkeys, we.
If you are a small buyer this applies, but its about liquidity on purchases of quantity and weight significance. Who care's if the premium is 20% if you sell it with the same premium attached. It's a trade off between buying large quantities and being able to sell by a push of a button, and having to transport 200+pounds, guard it, and sell it. The premium is there as a strategic personal convenience. I do both.
Can you sell it with the same premium attached? Aren't you at risk of holding while the premium shrinks?
Sometimes the sell premium is more, sometimes less re PSLV. It's up to the you and your need for cash/focus to re-invest, etc to determine what is appropriate. Incidentally, this applies in both PSLV or PHYS in hand. Since you are an in hand buyer, if and when you sell, don't forget that it is YOU that makes the final determination on what you are willing to ask. When you are the buyer or the seller, stay in the mental and strong financial state that you are in charge. It's always a good idea to keep the need for cash out of the way of your PM stash, as you become a weak hand if you don't.
this is the key point: PSLV is a trade on two things: 1) the price of silver 2)the willingness of others to pay a premium to NAV for PSLV.
#1 is hard enough to handicap, I don't know why anyone would want to play the greater fool theory game trying to handicap #2.
math man, there's no red meat in this email for us zh'ers. you're not gonna get junks or negative response posts for the lunch pot competition based on a repetitive $5 dig cost, sell it for $15 theme.
ya gotta post ever-increasing hysterical articles to get us going.
read hamy wanger's posts. he's the expert on throwing red meat, even though he does it for comedy to see if he can get numskulls to agree with his ridiculous comments, and to mock harry wanger. it's pure genius.
I hope you are piling on shorts. Great opportunity for a major move!
I'll drop a $20 in a homeless guys hat and think of you.
When it hits $50 will just shut the fuck up, kill yourself and spare us your spam posts?
Good God how much are you getting paid to spew this bullshit all over this site?
Silver is playing catch-up to Gold and Platinum. This can continue for years, especially when Silver is now in much greater demand by industries.
I see a new all-time high above $54 , before we see $20 again.
Hey seriously, inquiring minds want to know: how much are you getting paid MathMan? Any other trolls please respond as well. I really would like to know how and how much you get paid.
You are a fucking idiot Math.
First, it is $9/oz to get it out of the ground.
Second, silver is usually mined as a secondary metal, not a primary.
Third, very few new mines opened in the last couple of years and a new mine takes years to produce.
Fourth, above ground supply is waaaaay down from its all time high.
Fifth, Most of the easy silver has been mined already, fact.
Sixth, silver is used in EVERYTHING.
Seventh, silver is not recycled.
Eighth, a growing world population that wants our stuff, the US cell phones etc..
Ninth, China is importing the stuff instead of exporting it.
Tenth, the known supply of silver will be used up in about a decade.
Are you getting all this yet? You are an idiot.
As far as SLV, yeah, I own it. However, I am not dumb enough to believe that they add 10M oz in a day when the COMEX cannot deliver 13M oz to standing contracts. Have you seen SLV's silver? Have you audited it yourself? All you have is a list of numbers, wow, good for you. Read the prospectus as others stated they cannot force audits on all of their holdings and they have a very funky way of holding the silver. As far as owning 50K to get your silver I would be very interested to see how long it would take them to actually deliver. You see, the supply problem is relatively new.
Oh, as for your miners not believing the price will hold, bullshit. SLW was on yesterday saying they will not hedge until $50/oz. Dumbass. I do not endorse Sprott or SLV, own the real thing, IMHO, that way you know what you have without question. Also, this is the WORST time of year for metal prices, THE WORST TIME OF YEAR! Pricing gets better in the summer and explodes in the fall. However, I hope it does go to $5 so I can buy the crap out of it because, unlike you, I know what I am buying and why I am buying it and it ain't for some bullshit trade. I know in 10 years, assuming we make it that long, there may not be silver left at any price.
Mathie-silver is money. Federal Reserve notes are going to zero. Priced in "dollars" silver goes to infinity.
What you are seeing now is the free market ending the Fed. Peolple ask me when I will sell my silver. I tell them I will be spending it.
You Mathie will buy silver someday involuntarily at a conversion factor many orders of magnitude different from today.
even Sprott knows that SLV has the silver - he regularly cites their numbers in his presentations and articles. Sprott pulled off an amazing feat with PSLV - what will be interesting is to see if he will issue more shares. After all, the premium implies that he should, and yet, if he sates demand, then the hype will die. Quite the prisoner's dilemma for him.
50k shares? that's like 1.8 million dollars! Nobody has that kind of money execpt soverign nations and hedge fund managers. China is redeeming through SLV but they are depending on the small time suckers buying it who will never see an oz of silver to fund their redemptions. A perfect way to get back at us for planning to leave them holding the bag when our dollars they hold become worthless. Turnabout is fair play.
from an earlier post looks folks its easy ,, just copy past prior statments
math head is a phoney
Math man is a troll,,, no more no less,
well maybe less,,, He reads a script each morning repeating the same stuff, Paste , copy, off his e-mail site,
He adds his own words with curse ,
Probably a young diaper mouth, living from hand to mouth and crotch,
Is the lowest of life.
but his pay from trolling keeps his taco , Twinkies life style alive,
folks all his message is is warmed over email copy,
He posts during certain time periods ,
Between visiting the unemployment line to picking up his unemployment check,
He was let go from a serving job at MacDonald's.
He reads macdonald menus looking for a 99cent taco,
nah..if there were massive present oversupply, the curve wouldn't be backwardated
Been a trader since 1984, watching what the markets have become makes me want to puke. Still trade most days, usually quit when I can't stand to watch the blatent manipulation any more... in other words way before noon. I feel bad for young traders who will probably never experience what a real market feels like...
...so the only way to cut oil prices without invading seems to be a) release false rumours, or b) let the DJIA tank. a) seems to work less efficiently every time they pull this scheme, and b) is clearly unacceptable.
I guess we should brace ourselves for an attack on Libya. Let's just hope Gadaffi doesn't get any funny ideas and decides to torch the oil infrastructure in the process.
looks like the /es 10 oclock btfd crowd are getting sodomized with a chainsaw today. oh the huge manatee
Gold going big green to red today. Not pretty.
What a fucking joke! Silver up strong, brent up, and gold getting the tape painted by Blythe... typical bullshit.
LMAO.
London fix @ all time high of $1437.
You sad pathetic assclown.
i found some silver spoons knives and forks.;; Now i am rich ? Those invested in silver are going to have a rude awakening...
I've bought most of mine between 24 and 27$
All I know is = 50% GAINS BITCH!!
and for those silver spoons and knives = those are mostly silver plated.
I hope you didn't pay for those :)
When do we get two spot price tickers, One for paper and the other for physical?
Long term silver looks good, physical the best bet. But short term---ITS GOT MORE FORTH THEN THE FIRST BEER OUT OF THE KEG>>>>SELL
I was reading about Mercury dimes and found this tidbit. Good example of how silver dimes have held their purchasing power/value. At $2.20 you can buy about the same stuff:
Even in its final years, this was a coin with real buying power. Armed with a Mercury dime, youngsters in the1940s had their choice of a 52-page comic book, a double-dip ice cream cone, two Hershey bars or two bottles of Coca-Cola. Remaining in circulation right until the end of silver coinage, Mercury dimes were a familiar sight as late as the 1960s.
http://www.coinresource.com/guide/photograde/pg_10cMercuryDime.htm
From Jon Hilsenrath WSJ, head Fed media poodle:
"it seems increasingly likely that the securities purchase program, known by some as quantitative easing, is likely to end in June as scheduled."
http://online.wsj.com/article/SB10001424052748704504404576184681020981382.html
More Conflicting Disinformation: Fed's Fisher Says May Vote To End QE2 Before June, As Lockhart Says QE3 May Be Needed
I take it from your lack of reply that we now agree on things.
You take it wrong.
we are at/near a “tipping point,” as highlighted by the always insightful GaveKal organization:
"we would not be surprised if, in the coming days and weeks, various Fed directors come out to sound somewhat more hawkish in a bid to prevent commodities from further undermining the current recovery"
No idea what you are referring to...my post was for TM. Sorry for any confusion. Now run along and bait some more goldbugs...
Actually, I was going to respond last night, had pulled up graphs and charts of all types as I worked through your arguments, and then my browser crashed and I lost everything. I was so disgusted I turned it off for the night. I've been in a meeting for most of the morning, so I have only had time for a few drive by comments thus far.
I might give it another try later.
I will tell you this, while pulling up charts last night, I did note a stronger correlation between gold and oil than I remembered, and oil has certainly been beating the pants off of gold over the course of the middle east crisis. I need to pull up one on the gold/oil ratio during that time period. I had thought that gold blew it out of the water, but perhaps it only beat it by a little bit, which is a basic fact that would lend a lot more credence to the "peak oil is now" hypothesis.
No problem....
how about 2 commodity exchanges. One for those who will promise never to take delivery and the other one for me.
I love the smell of money printing in the morning.
Smells like Fed Spirit
http://www.youtube.com/watch?v=hTWKbfoikeg
the year I was born!
You weren't born Blythe you were created by an evil overlord:
http://www.youtube.com/watch?v=D2vydxTRNdw&feature=fvwrel
Or was this you?
http://www.youtube.com/watch?v=Nh2iyPmucFk
It is widely accepted that the Gen-X Demons/Succubi inadvertently summoned by baby boomers during late 60's Wiccan freak-outs are 'excrementals': ie they were shat (the lesser ones merely sharted) into existence. BM is likely no exception; as initials clearly indicate.
http://www.youtube.com/watch?v=CEdOqYEwcT8
How many ounces could I get from my mother in law's silver serving set.
Depends on if we use lead for the chewy center of the bars.
it will take some time before Plight Masters starts squirming
Physical ... priceless; for everything else, there is MasterBlythe!
+1 :)
sterling silver sets are 93% silver. the blades on the knives are not, but the rest is good stuff.
an 8 place setting is about 24 lbs of sterling.
Thanks for the info, stormsailor.
Was wondering about the set the husband bought for my birthday a while back. Guess I'm not getting anymore settings this year. :(
Yes, Sterling silver is about 93% silver, but be careful! Many sterling sets are weighted and need to be stripped down to assure proper silver weight.
Two point four pounds (troy)?
Was wondering how to value our set. Etruscan, complete 8 piece setting, from grandma. From the 20s, I guess. I was figuring one oz per piece as a rough figure but it would be tough to sell because of sentimental value.
24 lbs times 12 troy ounces to the pound = 288 ounces? 93% = 267.84 ounces of silver, @ $36 per ounce = $9642.24? Can that be right?
Or do you mean 24 oz of silver which would be $803 ?
MathMan,
agree about the $5 cost to acquire. But are you familiar with the supply demand equation? You mention the 10,700 tons at SLV. Thats about 342Mil oz. Or about 4 1/2 months of global demand[880+Moz]. According to the USGS we will be all out of mineable AG in a decade at current demand. Shoot, they use it in my hunting clothes now because it keeps the prey from smelling me. (lots of uses for the stuff apparently...) i first bought around $9. if you are waiting til $20 to buy you are gonna be without as that bus left the station already. Is it frothy right now? a little...but a decade from now you are gonna wonder what kind of math you were smokin.
math head is a fraud . copy message and paste
like he does wirh his email handler \
Math man is a troll,,, no more no less,
well maybe less,,, He reads a script each morning repeating the same stuff, Paste , copy, off his e-mail site,
He adds his own words with curse ,
Probably a young diaper mouth, living from hand to mouth and crotch,
Is the lowest of life.
but his pay from trolling keeps his taco , Twinkies life style alive,
folks all his message is is warmed over email copy,
He posts during certain time periods ,
Between visiting the unemployment line to picking up his unemployment check,
He was let go from a serving job at MacDonald's.
He reads macdonald menus looking for a 99cent taco,
Limit orders in place in case Princess Blythe tries to hammer the close.
"Silver threads and Golden needles,they can mend this heart of mine"
New reserve currency just like AU was the new reserve currency in 1983. Same song and dance and in the interim nothing changed. Well something changed a bunch of eurosocialist pigs started their own currency which won't see year 2101 but it is nice to fantasize.
Likewise the Hunt Bros really failed in cornering the AG market when they changed the rules on them midstream. Playing a rigged game trying to use conventional rules BOL with that.
The rising DXY appears to be hammering on PMs in addition to the regular manipulation schemes. We should expect this and see it as a buying opportunity. Lil' Timmay has quite a few billions in treasuries to sell tomorrow, Wed and Thurs - 3, 10 and 30 year, respectively. You can't expect suckers to buy this shit when the DXY is tanking. Ergo, they have to prop up the buck. This hits PMs today but is a buying opportunity. Stay cool.
Since I know Will-i-am A Fucktarded Bastard will be junking me, let me say this: FUCK YOU in advance you fucktard.
Oooh...I must have turned into a bridge....there are trolls lurking under me....
thanks to the manipulators, is this all? think not
What do you have for us when it turns on you? I would like to have a pool and also like you to be my servant for my drinks but that is the wet dream of all the servants in this big economic arena.
Time to take sides along the 5% who see things right and else you will be stripped of your tie
Premium on pslv is hardly a proxy for "the" premium on silver.
William and Meth Man -
Hope you enjoy the feeling of that GIANT PHYSICAL SILVER DILDO getting rammed up your assholes!
You two clowns have really gotten yourselves royally ass-fucked eh!?
Cheers you fuktards
Yours Truly,
Nathan Wind
tem plate for replying to math head ,
He does a paste and copy every post, taken off email from his handlers
it is easy to past and copy
from prior post about math head
Math man is a troll,,, no more no less,
well maybe less,,, He reads a script each morning repeating the same stuff, Paste , copy, off his e-mail site,
He adds his own words with curse ,
Probably a young diaper mouth, living from hand to mouth and crotch,
Is the lowest of life.
but his pay from trolling keeps his taco , Twinkies life style alive,
folks all his message is is warmed over email copy,
He posts during certain time periods ,
Between visiting the unemployment line to picking up his unemployment check,
He was let go from a serving job at MacDonald's.
He reads macdonald menus looking for a 99cent taco,
Hey Sands nice to see you post every now and then. Although I'm used to more subdued comments I still like it.
Umm, you need to read the iShares SLV prospectus if you think you can cash in your shares for physical.Between the custodian, investment manager, and trustee NO ONE is responsible for measuring the quality of the silver. In addition, there are vague references to emergency situations in which they can refuse to deliver the physical....buyer beware!
this, anyone who believes they can indirectly use SLV as a source for physical is sorely mistaken.
FYI, PSLV and SLV have the exact same notes in their prospectuses about quality. NEITHER tests the silver in their vaults, because both require London Good Delivery Bars, which is a standard of its own.
PSLV and SLV are identical in this regard, so you can cross that one off your paranoia list.
I encourage you to read the PSLV prospectus - you'll find the same disclaimers as SLV has.
dupe post
APMEX down to about 240 100 oz silver bars, & dropping fast:
http://www.apmex.com/Category/1193/100_oz_Silver_Bars.aspx
Keep your eyes here, folks, for a good indicator of investor demand for Ag as many prefer 100 oz bars.
In california the physical is 6% over spot. 12.5% if you want is stamped by uncle sam.
http://www.jhmint.com/
Plus cost of shipping and handling of course. I can easily see it being 15% to 20%
wow. interesting fucking times. i'm glad to have joined in this battle and picked the right side. a year ago I didn't even know PM's could force the hand of the banksters, let alone that an achilles heal existed in the form of Ag. When I mention to people what a great opportunity that PSLV is, I always get the "yeah whatever" response, and at this point I quickly think "thank you for being such a fucking numbnuts and helping me make money." On that note, please fucking die Blythe, and do it slowly :) And MathMan...well that goes without saying.
People please understand without the likes of methfan there would be no chance to get PMs at their suppressed valuation vs FRNs. We should thank methfan everyday for being so stupid.
yes.
i heard from a reliable source that math head is a troll,
varified from two other scources .
it is true trust me lol
his history
Math man is a troll,,, no more no less,
well maybe less,,, He reads a script each morning repeating the same stuff, Paste , copy, off his e-mail site,
He adds his own words with curse ,
Probably a young diaper mouth, living from hand to mouth and crotch,
Is the lowest of life.
but his pay from trolling keeps his taco , Twinkies life style alive,
folks all his message is is warmed over email copy,
He posts during certain time periods ,
Between visiting the unemployment line to picking up his unemployment check,
He was let go from a serving job at MacDonald's.
He reads macdonald menus looking for a 99cent taco,
Gold & Silver, Bitchez!!
http://www.youtube.com/watch?v=ZNGe7iK1O-4
That's my name... don't wear it out.
Dave on decoupling Jan. 25, Jan 27: http://tradewithdave.com/?s=decoupling
I think we may all be failing to read between the lines with our boy, Math Man.
Let's assume for a moment that Math is not a paid Troll. His demeanor and persistence suggests to me that perhaps he may be in the unfortunate position of owning a significant SLV short position. He is simply in here trying, (unsuccessfully I might add), gain some validation from someone, anyone. He is delusional and desperately attempting to prevent any more growth of bullish sentiment by savagely clubbing desenters over the head with his "SLV is fully alocated and perfectly sound" rantings. He just wants to find someone to agree to join him in "la-la land" so he can believe that prices will not continue to skyrocket, that he hasn't lost his a$$. Like I said; delusional.
Hey Math, Sell The F***ing Dip and cut your losses, dude. You'll be happier in the end, and the ZH-ers won't have to waste so much time pummeling you with the reality that you just want to ignore...
What's the story with HL (Hecla)? Headed south while silver going through the roof....
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Methman....
Blythe getting so desperate she's now paying shills to hit ZH over and over. Classic.
Methman's only real claim is that SLV publishes a list of silver bars they claim to have. Isn't the whole reason PSLV exists that many investors DO NOT BELIEVE the SLV claims? Methman never speaks to that. Just keeps repeating that since SLV puts up a list of bars on some website we're all supposed to feel better, trust in santa claus, the tooth feary, and Bernank again and go back to sleep. Sorry, not happening.
I do know that till some months that spot silver in India was always cheaper. The trend has definitely changed. Besides there is always a premium now for Hall marked silver against cast silver ingots.