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Scotia Mocatta Loses 60% Of Its Physical Silver In One Month To "Reclassification", Total Comex Registered Silver Now Under 30 Million Ounces

Tyler Durden's picture




 

About a month ago we indicated that Comex depository Scotia Mocatta "lost" 25% of its Registered (aka Physical) silver after the vault encountered a "reporting reclassification" which saw 5,287,142 ounces of silver moved from Registered to Eligible status, dropping the vault's true holdings from 11.8 million ounces to 6.5 million. Naturally, the response from the peanut gallery was that this was a tempest in a teacup and it was "temporary" and a-ha, any minute it would reverse, and all shall be well, everyone would live happily ever after, and the Comex would actually have silver available for delivery purposes. We decided to not hold our breath. Which after pulling today's most recent Comex warehouse data appears to have been a prudent decision, because for the first time ever total registered silver has dropped below 30 million ounces, after experiencing a 5% overnight drop across the board, primarily driven by yet another 1,456,488 ounce "adjustment" of warehoused silver from Registered To Eligible at Scotia Mocatta. As of last night, total Scotia physical silver was now 4,740,447 ounces, a 24% drop overnight, and a massive 60% drop from the total which we captured on April 20. Still think it's temporary?

Oh, and Scotia was not alone: there were comparable reclassifications at both HSBC and Delaware. But the kicker: total silver at Scotia Mocatta has barely budged. The only thing that has changed is the shift from real silver to "Eligible", or that which has no warehouse receipt issued against it, or as was described previously "a private arrangement" which has nothing to with the Comex. This is non-deliverable silver! Thus, starting with a ratio of 11.8MM to 8.8MM ounces of Registered/Eligible (or 57%/43%) a little over a month ago (on April 19), the most recent Scotia Moccata physical silver now just 23.4% of the "total."  And just as troubling is that the total amount of silver available for dlivery has just fallen to a fresh all time low. Luckily, we have margin call driven liquidations such as today which will probably buy a few more days before registered Scotia silver hits 0 (but don't worry: it's only temporary).

Source: Comex

As a reminder, here is the same chart from April 20:

 

 

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Wed, 06/01/2011 - 17:58 | 1330510 Terminus C
Terminus C's picture

Oooohhh, now I understand why silver flash crashed... there is hardly any demand for paper, people are only buying physical.

Wed, 06/01/2011 - 18:02 | 1330522 JW n FL
JW n FL's picture

look at the spike in gold today.. right up to $1,550.00 which is wayyyyyy to close to a new high! so! silver was punished!

 

http://www.kitco.com/charts/livegold.html

 

http://www.kitco.com/charts/livesilver.html

 

the silver guys wont like me saying this.. and as well the gold guys will quote 400 years of whatever.. but in recent history.. if you beat the shit out of silver, gold comes down with it. now go ye all and quote how it aint so!

Wed, 06/01/2011 - 18:25 | 1330586 cossack55
cossack55's picture

No bones, JW. It is what it is until it isn't. The manipulations will continue until the beasts are destroyed. Everyone knows it going in. Just bidin' my time. 

Wed, 06/01/2011 - 19:19 | 1330751 JW n FL
JW n FL's picture

We will be fine..

 

if the lights are on.. they keep printing, in secret or in the public view!

 

if the lights go out.. gold is still gold and silver helps treat my drinking water supply (for my nieghborhood, LOL!)..

 

but it works either way, pre / post crash call it.

Wed, 06/01/2011 - 21:03 | 1331018 DaddyO
DaddyO's picture

 

Berkey works just fine and does more than just disinfect.

DaddyO

Thu, 06/02/2011 - 01:45 | 1331572 DoChenRollingBearing
DoChenRollingBearing's picture

JW, please send me a gmail (my moniker at gmail) to see my cool blog re PMs, firearms and perhaps othr topics of interest to you and other ZH people here.

Hey, can 110 ZH-ers be wrong?!?!

Check out my newest article "TEOTWAWKI -- Guns and Ammo Edition" mainly for beginers re weapons for what happens after the SHTF!

Thu, 06/02/2011 - 04:41 | 1331650 Michael
Michael's picture

Thank God my kids don't have to pay back a single penny of the national debt, assuming we're actually going to pay the national debt.

I don't have any kids.

Thu, 06/02/2011 - 06:32 | 1331699 Al Gorerhythm
Al Gorerhythm's picture

If you do (have kids) please don't enroll them in mommy's make up school.

Wed, 06/01/2011 - 18:45 | 1330645 Rynak
Rynak's picture

I don't understand..... how will a reduction in silverprice amids a massive buying spree.... in the longterm result in reduced silver and gold prices? And i may add PHYSICAL gold and silver, not paper...... they can manipulate paper silver and gold until you die of old age..... the problem is just that once VISIBLE discrepancy between paper and physical is high enough, no buyer of physical will care anymore about spotprice!

So, in terms of paper, you may be right..... but who here cares about paper metals? What people around here care about, is physical..... and if physical reserves at exchanges deplete, this is the equivalent of an audit - meaning that when delivery issues arise, spot price will no longer be tied to delivery price! And when that happens, no one except of stupid bankers cares anymore about what happens to paper spotprice.

Again: Fundamentals are secondary..... all that matters is the method of price discovery. Or in other words: The biggest aspect of metal prices, is how much manipulation is respected.... if paper price seperates from physical price, then it's game over for manipulation. THAT is the biggest potential mover, not fundamentals.... fundamentals are just a nice bonus.

Wed, 06/01/2011 - 19:21 | 1330744 JW n FL
JW n FL's picture

Sorry Rynak.. I thought paper was inferred given the topic..

 

I am just saying.. to my very untrained eye.. that as of late.. when the price drop team cuts the legs out from underneath silver.. that gold as well takes a similar price cut.

 

in the paper market.

 

I am a physical person, wanna hug?

Wed, 06/01/2011 - 21:30 | 1330798 Rynak
Rynak's picture

I am just saying.. to my very untrained eye.. that as of late.. when the price drop team cuts the legs out from underneath silver.. that gold as well takes a similar price cut.

Thats because whenever a "depression" mini-cycle happens, they use the panic as a smokescreen to flashcrash metals. It is one of the "patterns" why in another contributor thread, i no longer considered it "highly unprobable" that they would attack metals in case of a currency collapse. They seem to be hellbent on defending fiat and wallstreet to the last drop, even if that means cutting off all exit routes *they are aware off* and thus dooming everyone.: Fiat or scorched earth.

EDIT: This is why i consider "exotic fiat" (stable and indepentent fiat which the majority isn't considering) an interesting method to spread the risk - not as a replacement for metals, but a complentary method to spread risk and play whack a mole.

Wed, 06/01/2011 - 21:51 | 1331159 Goldenhands57
Goldenhands57's picture

Just before the Hunt Brothers event went down, and when it was time to cash out the physical metals, I was living in Little Rock Arkansas. Had a 3/4 full shoebox of all kinds of 18kt and up mostly piece jewelry, class rings and such, some Eagles and Double Eagles..another box half full of 64 and back halves and Washington Quarters, dimes..typical 90% stuff, all ready to have them weigh in. This was when Spot Gold was around $810 to $812..somewhere near that. A man was there to BUY a Double Eagle from the place..the price of which was $1200 under the glass!!! I about choked..$400 Premium? Mind you..this was a run of the mill, non key date St Gaudins. Nuthin special.  So it hit me listening to the guy go on and on about $2000 an ounce, maybe $2400...watching this comedy in progress...that there is a disconnect between open market exchange and presumed values in extream economic times. It gets a lot more out of whack as the panic (or greed) deepens. So, I told the guy "hey go get the cash and I'd hold one out of my sale here and sell ya one of the Liberty's I have at $20 over the buying price"..I'm thinkin I'm gonna help this guy and maybe get at least one coin sold a bit over Spot. You'd have thought I shit in his mess kit just for offering the deal. The Idiot bought the $1200 piece. So when this thing gets going and really crazy in a few months, or at the most 30 or so months from now, your going to see some stupid crap going on out there. Late to the party, eyes glazed over stuff!

I agree totally..Fed and the Fiat Demons have no choice except to crush anything and everything that may take paper down. They have to, because for them there is no way out except the digital printing press!!! I won't be at all surprised when this garbage fails that we see the Exec order issued after Bank Holidays same as 1933 on the front page of the local newspaper, only this time it is going to include coined Silver and probably the entire family of PM. FDR did it then and there is only ONE signature keeping it from happening again. One. And on that day the final "exit route" will be closed because these stupid bastards are blind to anything other than what they consider real..and after then we're Argentina re-deux and in spades.

Wed, 06/01/2011 - 22:27 | 1331251 Rynak
Rynak's picture

Thank you for providing for free, one of the most valueable things that exists on current markets: honesty and information you don't get via the "approved" channels.

Wed, 06/01/2011 - 23:24 | 1331357 Rynak
Rynak's picture

To that clown who junked that post: please junk all my other posts. After all, if you already junk honest thankfullness, then at least be consistent in junking integrity.

In other news: lol

Thu, 06/02/2011 - 04:04 | 1331643 OliverTwist
OliverTwist's picture

Dont worry about idiots! You are one of the few in this world who still remember to say "thank you" and this is a great thing!!

Go on like this!!

+1000

 

Oliver

Thu, 06/02/2011 - 10:27 | 1332162 JW n FL
JW n FL's picture

how many time have you seen me say "I'm Sorry"? here? Rynak was the 1st...

 

good people deserve a shot.. like Rynak! or Colonel Copper.. I should have handled my buddy a little different.. but I get so wound up! But God Bless Copper and Rynak both! now the idiots! burn them to the ground!

 

You Oliver, on the other hand have always been..

 

just kidding.. you polite people keep on! keepin on!! I have idiots to find!

Thu, 06/02/2011 - 01:15 | 1331556 OldPhart
OldPhart's picture

I kind of expect the same sort of confiscation to be coming.  Luckily I live in the Mojave Desert, and there are literally thousands of square miles here that are empty.  A relatively small hole in a non-descript part of this area would be a needle in a haystack.  And the expected aftermath of riots, robberies, home invasions, etc. will provide legitimate cover to say that all my hoard was stolen.

Thu, 06/02/2011 - 04:19 | 1331645 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

Marc Faber is warning against this; at least some overseas PMs are a must.

Thu, 06/02/2011 - 04:43 | 1331652 donpaulo
donpaulo's picture

All my PM are overseas

Wed, 06/01/2011 - 19:37 | 1330806 Lord Koos
Lord Koos's picture

There is some corellation but the demand for gold has been steady and strong.  Gold sailed through the last 2 months while silver went all over the place.

Wed, 06/01/2011 - 21:39 | 1331120 DaddyO
DaddyO's picture

 

Would it be more accurate to say "Silver was driven all over the place"?

DaddyO

Wed, 06/01/2011 - 23:36 | 1331429 tekhneek
tekhneek's picture

My mom talked to her insurance agent today. Asked her about insuring the silver in their house.

She said it went something like this:

Agent: "What can I help you with Ms. Doe?"

Mom: "I need to see about whether or not my insurance covers my silver investments."

Agent: "Such as jewelry?"

Mom: "Bullion bars. 100oz bars. Quite a bit of them, actually."

Agent: "Why...?"

Mom: "Why what?"

Agent: "Why buy pure bars of silver...?"

I shit you not. My mother doesn't blow hot air. The experienced (20+ years) agent had no idea why anyone would invest in silver bullion bars. They walk among us. I was lucky to have a family who taught me from very young that money is money, and paper is paper.

The ride's not over yet... and the top's not here either. You should welcome deflation at this point. That's the dip that causes hyperinflation in (my opinion) our situation.

 

Thu, 06/02/2011 - 01:40 | 1331571 Hephasteus
Hephasteus's picture

He's right. Silver demand is transitory just like inflation.

Thu, 06/02/2011 - 02:29 | 1331597 PaperBear
PaperBear's picture

We are in the era of permanently transitory with the world run by private central banks and Ben Bernanke running the most powerful one and having major influence at the BIS.

Thu, 06/02/2011 - 07:27 | 1331724 Tedster
Tedster's picture

Nobody is going to insure bullion at home!

It may be possible to insure bullion kept at a bank safe deposit box. This is commonly done with high value jewelry that is only worn infrequently, but am not sure about raw metals.

It's amusing to listen about fears of confiscation, because ultimately they are predicated on a world that is long gone. The raison d'etre in the 30s was to at least nominally maintain the "gold standard" or the illusion of it while inflating the money supply. The nominal debt outstanding, M1,2,3 and promised entitlement spending and off budget expenditures dwarf gold stocks both public and private. Fort Knox holdings represent a couple months of government spending! Who are they kidding? To be sure there are those who want the government to do this, and they will become more vocal if things come unglued. They are probably the same folks who laughed at everyone for loading up at $350 and $4; the difference now is that any sort of confiscation talk is counterproductive and at least tacit admission that their policies are utter failure, and "we were wrong" is not part of the Any such talk is likely to be met with FOAD.

Thu, 06/02/2011 - 10:40 | 1332214 tmosley
tmosley's picture

You can insure bullion at home, but it is a pain in the ass, and expensive.  Lloyd's of London will write practically any policy.

Thu, 06/02/2011 - 13:31 | 1332995 GoinFawr
GoinFawr's picture

GPS+shovel+1/4section+auger+quad; this method of 'insurance' has its own set of hassles and risks, I know

Wed, 06/01/2011 - 19:43 | 1330818 Missiondweller
Missiondweller's picture

Good post. And I would just point out that the spot has already diverged from physical.

 

A quick look at APMEX shows silver coins about $6 over spot and will buy from you $1 over spot.

Thu, 06/02/2011 - 10:29 | 1332181 JW n FL
JW n FL's picture

the disconnect has been getting wider.. and widerrrrr.. and wideerrrrrrrrr. since December 2010.

 

yes you are correct in that the paper market does not match the physical market, except it does.. kind of.

 

if you buy a contract, then lease the metal to fill a real need.. then you will be paying spot prices(ish).. I would also mention that apex is pricey.. some times.. on most items.

 

being able to pay 10% less should give you 10% more buying power for more metal.. so please shop around, find a good dealer.. stick with them and after a while they should treat you like someone they want to keep.

 

just food for thought, take it or leave it.

Wed, 06/01/2011 - 20:13 | 1330896 mayhem_korner
mayhem_korner's picture

Physical price is whatever it takes to separate it from the holder.

I hold and wait.  $36 ain't gonna separate me from my silver maples.  Keep raisin' the margins I say; just separates the wheat from the chaff until physical drives the market (which won't be on Crimex!).

Convergence...

Thu, 06/02/2011 - 10:31 | 1332184 JW n FL
JW n FL's picture

people can NOT! buy Maples for $36.. anywhere.. and when they can.. it will be years from now or the bottom falling out from under everyones feet.

Wed, 06/01/2011 - 19:22 | 1330748 Piranhanoia
Piranhanoia's picture

probably been said better than I could, but today the lie is official. In the past, one could visit their inventory. Paper has made claims subject to fiction.  Today the price goes down, the supply goes way down.  This only makes sense when the lie is official.  My simpleton guess is that the lie is about to be revealed.

Thu, 06/02/2011 - 05:10 | 1331668 toothpicker
toothpicker's picture

WAR IS PEACE 

FREEDOM IS SLAVERY

IGNORANCE IS STRENGTH

 

From 1984

Wed, 06/01/2011 - 19:37 | 1330777 The Fonz
The Fonz's picture

Why does an entity with as many advantages as JPM risk their entire bank on controlling silver?

 

At first I thought, "well there must be a ton of derivatives that make it profitable". Then I considered all the other means they have to make money. Later I realized that the day that silver went to sell only during the hunt run up was also the high for gold. Illegality in silver broke golds back.

 

The purpose in breaking silvers back at any cost is that gold cannot be held down so easily.  In breaking silver's back so too is gold broken. The expense of breaking the silver bugs is the cheapest possible way to maintain the power of the status quo where PM's are concerned.  I think FOFOA has it wrong... gold cannot go without silver. Any price or illegality to control silver is merely the cheapest way to maintain control of PM's availible. Though the powers that be may be willing to risk anything, they are not foolish and will not pay a penny more than they are required to for a given task.

 

Wed, 06/01/2011 - 20:33 | 1330950 Confuchius
Confuchius's picture

(a) JPMorgue is a proxy for the bankrupt treasury dep't.

(b) No matter what the "paper price" may be; nowhere is it written that you may optain even one ounce at that phoney "price".

Wed, 06/01/2011 - 20:56 | 1331000 The Fonz
The Fonz's picture

Sure, the market can break. I cannot help but think the other paper markets will turn on the Comex once it fails. Comex is only 5% of investible silver (or so I have read). Many make the assumption that physical will be priced differently than the paper market and that may well be true, but consider this theory as well.

Comex goes to a point of failure, breaks contractual law to control the phony price. This however destroys the comex silver echange. Up until this level of Comex weakness other worldwide exchanges have played along... raising margins together and lowering them to raise them again later. (100% margins may be a fools game and I cannot help but wonder why the hell they would raise them to 100% when they can just back them off and reuse them later).  Now the world is changing, China is ready to show that it can go without the dollar and turns their silver exchange against the Comex, providing a "lagit" alternative. This would be a trump card for them, something to use to counter US military threat perhaps by bringing uncontrollable hyperinflation at their whim, or need.  In short I just cannot help but wonder at the assumptions about the financial behaviour not considering in the way the players will behave politically relative to one another. (this is a currency war) These exchanges compete and are backed by opposing sovernties that they ultimately serve. When the blood is in the water Comex I think will value UP to avoid the greater problem of losing control of the means to influence price relative to the powers that we are in a currency war with.  I cannot say I am certain of this theory, but I havn't heard anyone else provide this dialog in consideration of this matter so it my bear some small worth if only as a means to be prepared to see things another way.

Wed, 06/01/2011 - 23:16 | 1331376 jeff montanye
jeff montanye's picture

interesting.  my portfolio hopes you're right.

Wed, 06/01/2011 - 22:26 | 1331254 calltoaccount
calltoaccount's picture

"(a) JPMorgue is a proxy for the bankrupt treasury dep't."

vice versa

Thu, 06/02/2011 - 09:39 | 1332029 SilverDosed
SilverDosed's picture

Their purpose is to keep prices low to both hide inflation and to keep people off the sidelines. You have to put your money somewhere and every dollar invested in silver and gold is money not put in the other markets.

Wed, 06/01/2011 - 21:20 | 1331062 dark pools of soros
dark pools of soros's picture

who are the private banks that own the FED??  follow that...

Thu, 06/02/2011 - 00:09 | 1331466 blunderdog
blunderdog's picture

I throw this out solely for consideration:

One some level, the financiers realize that "paper" and "physical" intersect somewhere.  No matter what their paper empire looks like, there are still real-live human beings who wake up in the morning and go to work and such-not so that people can buy shit with green-printed pieces of a paper.

Silver is an incredibly important industrial metal.  A great deal of the modern American lifestyle is *literally* influenced by the industrial use of silver.  (Consider the percentage of our population entertained by teevee and/or benefited by current health-care infrastructure.  Just for example.)

If the bankers can control global pricing of silver, they may be able to defend the current social fabric in the US (and a few other major Western economic powerhouses) by ensuring that our unemployed masses have enough luxury to justify their inaction. 

There may be financier concern about the day when a teevee can't be replaced, and granma doesn't get her insulin pump. 

These guys aren't stupid.

Thu, 06/02/2011 - 00:50 | 1331531 Founders Keeper
Founders Keeper's picture

[Why does an entity with as many advantages as JPM risk their entire bank on controlling silver?]---The Fonz

Hi Fonz.

Consider flipping the question around to get your answer. Why does an entity with as many DISADVANTAGES as JPM PREFER THE SURCURITY of controlling FIAT?

You see, PMs are not primarily the enemy of banks; PMs are primarily the enemy of fiat currency, and enemy to the banks as a consequence.

It's FIAT that gives JPM its "advantages" not PMs.

Expect the banks will protect FIAT to the bitter and bloody end.

 

Thu, 06/02/2011 - 01:11 | 1331552 The Fonz
The Fonz's picture

Hi Keeper :)

I agree, and the tool of fliping a question is always a good thing to give a moments thought to :)  

Thu, 06/02/2011 - 01:20 | 1331557 Founders Keeper
Founders Keeper's picture

Fonz. Have read many of your posts.

Best wishes.

 

 

Thu, 06/02/2011 - 03:43 | 1331636 Urban Redneck
Urban Redneck's picture

 

 

Flip the question another way - what is the carrying cost of all of JPMs PM positions in comparison to the interest rate positions (and the risk profile and exposure of those positions in the event of uncontrolled movements in the PM market)?

 

 

Thu, 06/02/2011 - 02:42 | 1331603 PaperBear
PaperBear's picture

While we may see a sell only for silver contracts on the futures market, "out of silver" notifications or a buying ban on the physical silver market would send a worldwid signal and then these paper games would be over and physical would rule.

Wed, 06/01/2011 - 20:31 | 1330945 Smiddywesson
Smiddywesson's picture

JW,

Correlations and rules of thumb don't matter when the rules change.  I don't care if you have ten millenia of data showing gold plunging hand in hand with silver like Thelma and Louise driving off a cliff, the central banks are all buying gold now.  Those ancient truisms are done.  The fiat currencies of the world are backed by the true faith and credit of bankrupt nations.  Let it go.  Tech analysis, fundamental analysis, and cycle analysis don't work in a hurricane.  Buy gold or go bye bye.

Wed, 06/01/2011 - 23:02 | 1331352 IH10
IH10's picture

I completely agree.  Everyone is going to the charts for direction, and there is none.  It's over people.  Charts are very useful until the paradigm fails.  We are in one of those once in a lifetime economies, and who knows what will emerge when we get to the other side of this transformation.  If we don't solve our energy problems we could be living in the real life Mad Max Beyond Thunderdome.  Large insitutions are going to take refuge in gold and silver at the 11th hour on top of the gold revaluation that has already begun.  If you stay in paper assets you're going to get fleeced...period. 

Thu, 06/02/2011 - 03:09 | 1331619 European American
European American's picture

I wish more attention would be given to your point. Even here, at ZH, I think very few care to travel, even if on the mental plane, to the "other side" of this transformation. Really, this is what it's all about now. Those "charts" will no longer have relevancy attached to them. It will be a whole new world. And I think it will be based on truth and honesty. It's clear the present corrupt systems don't support and uphold life. But so very few have the experience and understanding of how living according to, let's say, the Golden Rule, really works. 

It will truly be a "Phase Transition" where entropy will rise dramatically, and then, when the dust settles, balance and stability will finally reign. 

Lately I've been finding myself savoring all the great wholesome, organic foods still available in the local stores. Foods from the other side of the planet. Just sitting there appreciating their unique flavors. Wondering what it might be like never to taste an exotic fruit again. Kinda got a sentimental past tense associated with it when I'm chewing.

It's going to be an exciting opportunity to truly feel what being alive is all about. I just wonder how many will live to see it.

Wed, 06/01/2011 - 18:53 | 1330686 silverstud
silverstud's picture

When JP Morgan default on silver they will bring down the Comex.

Then we will be able to f*** over the bastards.

Holding on to my two thousand ounces of physical made up in bars, coin and silverware.

Kind regards

Ozzie Scott

 

Wed, 06/01/2011 - 19:16 | 1330729 Transformer
Transformer's picture

"When JP Morgan default on silver they will bring down the Comex.

Then we will be able to f*** over the bastards."

Maybe, but I think, not likely.  There are many ways for them to get out of this. 

War- close PM exchanges- no trading, National Security, etc.

Bank and market closures- revaluation followed by nationalization of PM's, payoff in "new" revalued dollars as of day of closure.

Market wide financial collapse.  Everything closes down.  When reopens, you get paid as of the day it closed.

War-president declares silver a strategic metal, calls it all in, price determined by Fed.

Basically, they can change the rules whenever they want.  They don't lose and they never have.  If you hold paper, you can get screwed.  If you hold physical, consider carefully these possibilities.

It is important to note that if the markets do fail somehow, as laid out above.  All paper participants will likely be paid off as of the price on the day of closure.  Meanwhile, silver price rocket ride to the moon will have occurred along with likely high inflation.  Paper players will not participate.

The other option is that they lose control, their whole NWO plan fails.  Anything could happen.

 

Wed, 06/01/2011 - 19:21 | 1330745 JLee2027
JLee2027's picture

Correct me if I'm mistaken, but all those "solutions" would end COMEX as a market. So, physical price would establish itself and paper goes away.

Thu, 06/02/2011 - 01:10 | 1331554 Founders Keeper
Founders Keeper's picture

[Correct me if I'm mistaken...]---JLee2027

Hi JLee.

I agree of course that "physical" price discovery would break away from "paper."

However, my take on Transformer's point is don't expect the world today to look the same as the world tomorrow. Many so-called silver bugs hope to be sitting pretty in a world of $250/oz silver. Sadly, no one will be sitting very "pretty" when silver discovers $250/oz.

 

Thu, 06/02/2011 - 03:25 | 1331627 European American
European American's picture

I agree with your comment and those above. No matter what level the price of gold and silver is, my questions always comes back to "And what will be the price of a loaf of bread, and will that loaf be available?" When I hear $12.5k for gold and $500 for silver, I think, as a collective we are in deep shit, even if it's temporary 5 to 10 year period.

It's going to be dicey as we transition to the other side. Even with my few ohzee's of silver and gold, my main focus is trying to grow as much organic food as I can. I prefer the sound of munching veggies to the ringing sound of gold.

Thu, 06/02/2011 - 04:33 | 1331646 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

I think along the exact same lines; Gold and Silver at those prices will mean world war. Or the collapse of the system at least - which is not really a bad thing.

However, both metals should out run inflation (continue to out run inflation). When (if) we get to the point where everyone needs to own PMs the demand spike should in theory way out run inflation and people will give nearly anything to hold PMs. There were reports in Weimar germany of people buying appartment blocks for one 0z of gold.

I tend to stay like you though, and realise I'll have to navigate my way through a world of shit; but thats not to say the wealth transfer here might be the greatest is history (as Mike Maloney says)...The thing I think he discounts is the power of guns

Thu, 06/02/2011 - 10:15 | 1332137 Founders Keeper
Founders Keeper's picture

[...but thats not to say the wealth transfer here might be the greatest is history (as Mike Maloney says)...The thing I think he discounts is the power of guns]---theMAXILOPEZpsycho

Hi Max.

I like Mike Maloney too. He likely does discount the power of guns, as you say. It's extremely rare to find an expert in economics/money who also understands geo-political factors. And even more rare to find an expert who additionally understands individual ideological factors.

 

Thu, 06/02/2011 - 10:38 | 1332198 Founders Keeper
Founders Keeper's picture

[I prefer the sound of munching veggies to the ringing sound of gold.]---European American

Hi European American.

Well put. I have been blessed to never know hunger. However, other than fasting, I've skipped enough meals to know hungry. Past the headache hunger kind of hungry. Whereby a common whiff of food cooking throws me into an ugly impatient anxiety.

Gold rings hollow on an empty stomach.

 

Thu, 06/02/2011 - 18:58 | 1334258 European American
European American's picture

Only once, when I was young and out of college, did I find myself in a financial jam and have a bare fridge. Never again I said. Self induced, or was that self inflicted, fasting is one thing (every thursday) i.e. for improving ones physical, mental and emotional health, but being a somewhat lean cyclist, who hasn't lost or gained a pound since I was a young lad, I need (want) my calories! Yes indeed, nothing like the tantalizing aroma of a potentially scrumptious home cooked meal while fasting.

 

"Past the headache hunger kind of hungry. Whereby a common whiff of food cooking throws me into an ugly impatient anxiety." LOL

 

What's going to happen to all these people who have not had the pleasure of really experiencing what Hunger truly is. There's going to be some wild behavior when blood sugar dips down into the ankles of many of the "over weight" junk food addicts. It ain't gonna be a pretty picture. God help us all. ;-O

Wed, 06/01/2011 - 20:32 | 1330956 Smiddywesson
Smiddywesson's picture

Transformer,

Yup, yup, yup!  No gurantees, even if you hold PM.  There is going to be a short period during which the countries of the world are "kung foo fighting, and man those cats were so exciting."

But, like Trans said, they will rig the game to suck up all the gain, even if you hold PM.  There is no safe path, but the holders of paper at most vulnerable.

Wed, 06/01/2011 - 20:39 | 1330974 Confuchius
Confuchius's picture

Never forget: Gold and Silver obey no "rules". They are "Real Money" and have been for thousands and thousands of years.

The ongoing criminal enterprise you refer to as "government" can call everything "in" and doing so should have the same success as herding cats.

No pathetic excuse for a government, such as yours, is required, in order for Ag & Au to fulfill their time honoured roles as insurance against any fiat "currency" dropping to zero value.

Wed, 06/01/2011 - 20:43 | 1330979 Confuchius
Confuchius's picture

Never forget: Gold and Silver obey no "rules". They are "Real Money" and have been for thousands and thousands of years.

The ongoing criminal enterprise you refer to as "government" can call everything "in" and doing so should have the same success as herding cats.

No pathetic excuse for a government, such as yours, is required, in order for Ag & Au to fulfill their time honoured roles as insurance against any fiat "currency" dropping to zero value.

Thu, 06/02/2011 - 02:42 | 1331605 Reptil
Reptil's picture

Transformer, I think you're right. They'll control silver in North America. Silver is a strategic metal for the militairy. (and solar)

My point is though, that this confiscation will have consequences for the market the rest of the world. Any confiscation in the USA will make it the #1 investment anywhere else. Given the MO that plots are executed in phases, and wars develop with a runup, that gives a narrow window of opportunity for that small percentage of people that is well positioned with physical in a safe place, well connected (to buyers) and informed (about the correct price).

How is anyone that holds coins in their basement vault going to bring those to an international market past the TSA?

Wed, 06/01/2011 - 22:14 | 1331215 sgorem
sgorem's picture

just where did you say you lived Ozzie? :)

Wed, 06/01/2011 - 19:33 | 1330793 bankrupt JPM bu...
bankrupt JPM buy silver's picture

tube a day keeps the doctor away...love those phils right now, so cheap...

 

www.silvergoldsilver.blogspot.com

Wed, 06/01/2011 - 19:58 | 1330874 I_am_always_right
I_am_always_right's picture

Agree SGS - phils are the best ones to buy.

Wed, 06/01/2011 - 20:08 | 1330886 I_am_always_right
I_am_always_right's picture

By the way, am a great fan of your blog site. Keep up the great work.

PS You afraid to say FUCK here or something?

Wed, 06/01/2011 - 21:09 | 1331037 double 007
double 007's picture

Thu, 06/02/2011 - 00:31 | 1331511 VegasRage
VegasRage's picture

Right, it's not like the crooks didn't raise margin requirements 5 times in 8 days or anything. LMAO!

Wed, 06/01/2011 - 17:59 | 1330511 goldfish1
goldfish1's picture

Spot 36.79 BTFD

Wed, 06/01/2011 - 19:35 | 1330800 CH1
CH1's picture

BTFD!!

Wed, 06/01/2011 - 17:59 | 1330513 JW n FL
JW n FL's picture

but.. But.. But!!!

 

The Paper Market Said...

 

and then the others came and said that becuase the paper market said that...

Wed, 06/01/2011 - 18:03 | 1330514 tmosley
tmosley's picture

BTFDBTRTP

Buy the fucking dip before they raise the premium.

Wed, 06/01/2011 - 18:07 | 1330526 SilverDosed
SilverDosed's picture

Perfect timing, stacking like a mofo over here, thanks for the discount guys.

Wed, 06/01/2011 - 18:08 | 1330546 tmosley
tmosley's picture

Well done.  I am going to hold off for a week and see where this goes.  

If this is a part of a broader move to show "deflation" as an excuse to do QE3, I expect it will get much MUCH worse.

We'll see.

Wed, 06/01/2011 - 18:25 | 1330594 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

I just got paid, so I'm dollar cost averaging that over the next few weeks. I don't think we're going to get a lower low; mid 30s looks like great value to me. Looks like gold might bust a bigger move in the short term - but silver just seems so darn cheap, so thats where I'm going.

Wed, 06/01/2011 - 18:46 | 1330666 InconvenientCou...
InconvenientCounterParty's picture

save some dry power for the margin increases.

Wed, 06/01/2011 - 19:18 | 1330746 augie
augie's picture

+ 9.99 ect

Wed, 06/01/2011 - 18:28 | 1330599 hamurobby
hamurobby's picture

Hey TMosley, I buy "puts" every month in slv to protect my physical gold and silver, to the dollah conversion. If it goes down in frn's, I make more frn's to buy physical. Use their system against them.

Wed, 06/01/2011 - 19:01 | 1330703 tmosley
tmosley's picture

That is a good strategy, but I don't need "protection", because I can't be forced out of my bullion.  The "price" can go down all they like, all it does is allow me to buy more physical.  I don't like puts simply because they are paper, and I would rather have the physical.

Puts are great if you are in a situation where you can be forced to sell, though.

Wed, 06/01/2011 - 19:37 | 1330803 Texas Gunslinger
Texas Gunslinger's picture

Not so quick, Tmosely.

You might be forced to sell if the government stops funding your research.  That's one of the dangers of being reliant on government money.  

 

Wed, 06/01/2011 - 19:44 | 1330831 tmosley
tmosley's picture

lol, you prove once again that you are RNR.  You proved last time that you were Mark McGolderick.

That was an exchange that took place in a single post almost a year ago.  You expect us to believe that you were here to witness it?  Bull fucking shit.  Why don't you pick a fucking username and stick with it, you God damn coward?

Also note that then, as now, you don't understand SHIT.  I get NOTHING from the prostate cancer grant.  It is paying for M&O ONLY.  My salary is paid from the proceeds of earlier projects.

You are as stupid as you are duplicitous.  Go hang yourself, you attention seeking faggot.

Wed, 06/01/2011 - 21:53 | 1331164 Texas Gunslinger
Texas Gunslinger's picture

To be honest, I just made that up. 

From your other posts, I knew you did cancer research, so I just randomly guessed that there was some government money there. If you work in a cancer lab, it's not difficult to assume that you're closely tethered to government money.    

Anyway, it seems you're actually admitting that the government partially funds your research, or some part of it.  Don't you think it's hypocritical of you to take government money, while at the same time pretending to be the world's nuttiest anarcho-capitalist?

Or is that just part of being a nut?

Wed, 06/01/2011 - 22:20 | 1331240 nmewn
nmewn's picture

Sooo...how's the lawsuit going against your alma mater anyways? ;-)

Wed, 06/01/2011 - 22:31 | 1331266 tmosley
tmosley's picture

Bull-fucking shit.  I have talked about STARTING a new cancer project.  The main focus of our lab is materials.

Stop backtracking, you worthless coward.  You have the same MO, the same intelligence level, the same irrational hatred of me, have the same ideas, have the same reactions, have the same dumb ideas as those other two sock puppets IN ADDITION TO bringing up old arguments I had with them.  Stop trying to fucking deny it.

Also funny that you think that one employee should have total control of the finances of their company, or that it is hypocritical to take back money that was stolen from you and try to put it toward good use.  It's also funny that you know exactly jack shit about anarchism.  A true anarchist would take any and all money from the government in order to tear it down.  

Go fuck yourself, Republicunt McGolderick.

Wed, 06/01/2011 - 22:32 | 1331283 Rodent Freikorps
Rodent Freikorps's picture

He's a Moby troll.

Why do you argue with a paid whore?

Wed, 06/01/2011 - 23:16 | 1331299 tmosley
tmosley's picture

I dislike allowing lies to go unanswered.

I also love the taste of troll blood.  Every time one of these morons gets a new user ID, God sends me 72 virgins to ruin.

Edit: Interesting, it looks like Mark Mcgoldrick was banned: http://www.zerohedge.com/users/mark-mcgoldrick

As was RNR: http://www.zerohedge.com/users/red-neck-repugnicant

No wonder this moron had to get a new user name.  Bittersweet to see bannings taking place here.

Thu, 06/02/2011 - 10:29 | 1332169 TheTmfreak
TheTmfreak's picture

Be careful, you philosophers and friends, of knowledge—protect yourself from martyrdom! From suffering “for the sake of the truth”! Even from defending yourselves! That corrupts all the innocence and refined neutrality in your consciences. It makes you stubborn against objections and red rags; it dulls your minds, brutalizes you, and puts you in a daze when, in the struggle with danger, malice, suspicion, expulsion, and even dirtier consequences of your hostility, you finally have to play out your role as the defenders of truth on earth, as though “the truth” were such a harmless and clumsy character as to require defenders!

 

While I understand your statement and can give a nod, I think you might want to consider this piece of golden wisdom. Whenever you feel yourself getting sucked in, you should remember this.

Wed, 06/01/2011 - 23:24 | 1331387 Texas Gunslinger
Texas Gunslinger's picture

!!! HYPOCRITE ALERT !!!

!!!  HOLY COW-A-BUNGA !!!!

YOU ADMIT TO APPLYING FOR GOVERNMENT HAND-OUTS?????

WAIT A MINUTE!!  YOU JUST EDITED YOUR POST !!  WHY DID YOU JUST DELETE THE PART WHERE YOU SAY, "I APPLY FOR GOVERNMENT GRANTS ALL THE TIME" ????

CHEATER !!!

Don't be embarrassed!! 

LOL!!!

You are - by far - the biggest hypocrite in the history of the internet.  A true anarcho-capitalist would be embarrassed by you!

Wed, 06/01/2011 - 23:31 | 1331406 tmosley
tmosley's picture

I edited because it was an overstatement.  I have participated in the writing of government grants.  I haven't participated in one for about two years now.  It doesn't matter, however.  I would apply for food stamps and welfare if I qualified.  Even if I bought the goods and burned them in the street.  A true AnCap would see that the evil is in the theft of the funds, not in the distribution.  It doesn't matter where the money goes after it was stolen.  It matters that it was stolen.  I suspect this vital distinction will be lost on you, since you are a troll, after all.

The government will be torn down by the very strings it attaches to it's tax money.

I realize now why you got a new name.  The previous two were banned.  Little wonder.  Such a little attention seeking faggot.  You really ought to give it up and go back to whatever decaying liberal shithole you came from.

Edit:  Also, I'm confused.  How exactly did you see that, when I edited it out within a few seconds?  You didn't reply for almost an hour.  What, are you opening a window every three seconds or something?  Something stinks about you.  You running a script or something?  You are making me think you are paid for.

Wed, 06/01/2011 - 23:47 | 1331444 Texas Gunslinger
Texas Gunslinger's picture

OH MY GOD !!  HOLY MOTHER OF MARY !!!!

I have participated in the writing of government grants.....

SO NOT ONLY DO YOU TAKE GOVERNMENT HAND-OUTS, BUT YOU'RE ALSO A SHILL FOR THEM, TOO???

HOLY FUCK!    TMOSELY IS A GOVERNMENT WHORE !!!!!!!!!!

LOL  !!!!!!!!!!

All I did was make a blind assumption that you get government funding, and suddenly we find out that tmosely gets so many government grants that he's been hired to help write the parameters.  !!!!!

LOL !!!

I find it truly hypocritical and hilarious that the loudest anti-government, pseudo anarchist on this site is actually a government whore!!! 

lol.

pathetic.

By the way, the only reason you edited your post is because you know I trapped you, hanging upside down in a potato sack.

 

Wed, 06/01/2011 - 23:48 | 1331458 tmosley
tmosley's picture

Uhhh, no.  Why did it take you an hour to reply?  There is no way you could have known about that edit and taken that long to craft your reply.  You are using some sort of pro-tools to catch edits.  That is, you are a hired troll.  You were RNR, and you were Mark Mcgoldrick.  You have been banned TWICE, and are now back with a new username.

Congratulations, you are now outed.

Time for a new username.

Thu, 06/02/2011 - 00:05 | 1331479 Hephasteus
Hephasteus's picture

"Congratulations, you are now outed."

WTF he was outed on his 3rd post like a month ago.

Thu, 06/02/2011 - 08:06 | 1331779 tmosley
tmosley's picture

He was outed as a troll back then.  But he could have been some kid from 4chan back then.  THen he slowly revealed that he was in fact several of these other old, BANNED posters, and now he has revealed that he has scripts that capture every edit that is made on selected threads, something that only a paid operative would have.

Wed, 06/01/2011 - 23:55 | 1331469 Rynak
Rynak's picture

Texas gunslinger, aka fed supporter, zing, The Axe, wirtschaftswunder, WorthlessShaftUnder, long juan silver, William the Bastard.... get a new username already...... tmosley's obsession with replying to idiots like you may be annoying, but it still is no match for the pointless waste of screenspace you are creating.

Thu, 06/02/2011 - 00:01 | 1331477 tmosley
tmosley's picture

I should add that your gleeful ad hominem is the equivalent of calling a slave a hypocrite for taking food from his master--food that the slave himself grew, or was grown by slaves like him--while wanting to be free, and writing at great length how freedom would work, and how as a free man he would not immediately go mad and rape da wite womenz, or whatever foolish meme is perpetuated by those who would keep him in bondage forever.

Your own hypocrisy is lost on you, of course.  Your pro-tools can't make you look at yourself for what you are--an Uncle Tom.

Thu, 06/02/2011 - 01:50 | 1331575 bruinjoe93
bruinjoe93's picture

Texas, leave God and his mother out of this. 

Thu, 06/02/2011 - 05:06 | 1331667 Hephasteus
Hephasteus's picture

Just don't ask to see his birth certificate. Photoshop hadn't been invented yet.

Who is the father of Joseph?

MAT 1:16 And Jacob begat Joseph the husband of Mary, of whom was born Jesus, who is called Christ.

LUK 3:23 And Jesus himself began to be about thirty years of age, being (as was supposed) the son of Joseph, which was the son of Heli.

Thu, 06/02/2011 - 01:37 | 1331507 Texas Gunslinger
Texas Gunslinger's picture

A true AnCap would see that the evil is in the theft of the funds, not in the distribution.  It doesn't matter where the money goes after it was stolen.....

Yeah, right.  So all that matters is the tax, not the TARP?  Or foodstamps? Or the myriad of other programs that you - and everyone at ZH - rant about everyday? The right hand is evil, but the left hand is ok?  lol.  idiot. 

Get a fucking clue. In addition to being an anti-government hypocrite/whore, you have absolutely no idea what the fuck you're talking about.  You might as well say that the problem is only the politician, not the thieving plutocrats...fuck Geithner, but Blankfein's ok in your book, right?  You are an embarrassment to anarchists everywhere.

I would apply for food stamps and welfare if I qualified....

ok, so you've just admitted that you're no different than all the lazy, jobless parasites who sit on their couch and eat Cheetos every day while pocketing government handouts.  Of course, that's not so surprising now that we know your penchant for government money.

lol 

Incredible. The more you talk, the more you reveal, the more ridiculous you become, cliff.

 

 

Thu, 06/02/2011 - 03:01 | 1331614 Bay of Pigs
Bay of Pigs's picture

Hey my religious brother Slinger....cut him some slack.

It's hard for my bro Tmos to keep track of 20-30 trollers here on ZH. 

 

Thu, 06/02/2011 - 05:04 | 1331662 foofoojin
foofoojin's picture

10 percent of the population is needed to feed the other 90 percent.

10 percent of the population is needed to house the other 90 percent.

10 percent of the population is needed to keep the other 90 percent playing the game.

The other 70 percent ARE parasites.  some parasites look better then others, but really, most the people produce nothing.

imagine you are the most powerful parasite on the planet, the United States Government. you are the .1 percent that control the 10 percent that keep the game going. now imagine it your job to deal with the other 90 percent. well you can use some the parasite to control the builders and the farmers. Like wise you can bleed a few off with war through propaganda.  and that is how governments use to bleed off excess parasites.   but war has become expensive and dangerous.  its much cheaper to create lazy couch potatos then gun wielding parasites that know how to fight.  It's pretty simple.

 

Thu, 06/02/2011 - 08:11 | 1331787 tmosley
tmosley's picture

Show me where I ranted about those things.  

There is a difference between a parasite, who is dependent on stolen tax money, and a carnivore, who is simply taking a meal while taking down a parasite riddled beast.  But you are a LITERAL paid troll, so you would never admit that.  Rather, your one primary purpose here is to try to discredit me in any way possible, because I cut through your various troll identities like a hot knife through butter.

I bet you have a weekly meeting about me.

Guess what?  Everyone here sees through your shit.  Just give it up.

Wed, 06/01/2011 - 20:02 | 1330862 hamurobby
hamurobby's picture

So Dudly do right, aka texas cum slinger, how many handles do you have? you really need to get laid.

Your spraying around here is not appreciated.

Wed, 06/01/2011 - 20:38 | 1330969 Smiddywesson
Smiddywesson's picture

LOL, once again the cranial capacity of the ZH crowd overwhelms the trolls.  TMosley remembers an exchange from a year ago and calls out texasgunslinger.  Unbelieveable.  I can't even find my car keys.

Wed, 06/01/2011 - 21:10 | 1331040 Mec-sick-o
Mec-sick-o's picture

Cog. Dis. says that you will find your car keys once you believe they may be elsewhere you expect them to be.  The keys are there, but your brain refuses to see them where they don't belong.  Accept they are somewhere else, and they will appear.

Wed, 06/01/2011 - 22:05 | 1331187 Cognitive Dissonance
Cognitive Dissonance's picture

LOL

You learn well grasshopper. In fact could you be my ghost writer? I used 68 pages spread out over 4 chapters to describe what just took you 3 sentences. Of course I babbled on about a few other things as well, but the keys were......er......well, key. :>)

Wed, 06/01/2011 - 22:28 | 1331263 francis_sawyer
francis_sawyer's picture

Every time I lose my car keys... I always just figure they're lying right next to the drive I hit into the woods on the 13th hole...

Wed, 06/01/2011 - 23:30 | 1331419 Piranhanoia
Piranhanoia's picture

 "somebody else's problem"

Thu, 06/02/2011 - 00:36 | 1331514 Mec-sick-o
Mec-sick-o's picture

:o)

Thu, 06/02/2011 - 03:16 | 1331621 Bay of Pigs
Bay of Pigs's picture

Thanks my man. You are more than welcome here. A ZH treasure. 

Thu, 06/02/2011 - 06:14 | 1331689 Eternal Student
Eternal Student's picture

3 sentences? Meh. How about one: You'll usually find your car keys in the last place that you look for them.

;)

Wed, 06/01/2011 - 20:06 | 1330883 hamurobby
hamurobby's picture

Haha, I agree, but they cant push me out, I have "their" money too, I just want to play their game as long as they want to push it. Its just a game and I intend to beat them no matter how hard they push me, hence "hamurobby".

Wed, 06/01/2011 - 18:50 | 1330678 TheTmfreak
TheTmfreak's picture

I'm not trying to buy anything so I can pool up enough money to wait on a big purchase. I'm waiting to see what happens with this "qe3 or no qe3" nonsense. 

1. QE3 comes, silver goes up.

2. QE3 doesn't come, silver goes down while it becomes increasingly harder to buy. 

I'd prefer 2 as long as I can get an order in and get physical in hand before physical dries up.

Wed, 06/01/2011 - 20:29 | 1330938 AmazingLarry
AmazingLarry's picture

My caution as well. Common Blythe, you're losing it beyotch...give me $33 again...hell $28 and me and my "Heat" style duffel bag head to the coin dealer.

Wed, 06/01/2011 - 19:28 | 1330776 I_am_always_right
I_am_always_right's picture

Too late - was raised 10% after the 50 - 33 (or whatever it was) crash a few weeks ago, by BBP in the UK. More coming soon no doubt.

Wed, 06/01/2011 - 18:00 | 1330518 Diogenes
Diogenes's picture

What is the difference between Registered and Eligible?

Wed, 06/01/2011 - 18:07 | 1330528 ReallySparky
ReallySparky's picture

Both are stored at the vault.  One kind can be "borrowed and or leased out", the other is supposed to never leave.  But to the banks it means they both can be leased out.  They just get higher fees on the "safe storage".

Wed, 06/01/2011 - 18:48 | 1330632 Diogenes
Diogenes's picture

So that means the silver is in the vault in either case? But the Registered silver is promised to someone or otherwise encumbered while the Eligible is free and clear?

Wed, 06/01/2011 - 19:32 | 1330775 Hook Line and S...
Hook Line and Sphincter's picture

.

Wed, 06/01/2011 - 19:29 | 1330780 Hook Line and S...
Hook Line and Sphincter's picture

In Amsterdam?!

I hear it depends if the red light is on or not.

Wed, 06/01/2011 - 18:06 | 1330523 nmewn
nmewn's picture

"I've just SOLD all my GOLD and silver..."

Now I know exactly what to do, thanks ;-)

Wed, 06/01/2011 - 19:20 | 1330743 Transformer
Transformer's picture

Hamy, I just know you're right.  I'm gonna sell too, and hold onto my FRN's.  This silver boat is going nowhere.

 

YOWSA!!!

Wed, 06/01/2011 - 18:09 | 1330533 Infinite QE
Infinite QE's picture

One ounce of gold and ten ounces of silver going to overwhelm the market! LOL!

Wed, 06/01/2011 - 18:15 | 1330567 equity_momo
equity_momo's picture

Douche , you have never owned and never will own a single ounce of either metal. Youre a blowhard , we get it. Now go and play in the traffic - if you want to talk with the big boys you'll have to log into your "serious" account. Not the Robotrader one though , you blew that one up with your incessant hindsight whitenoise.

Wed, 06/01/2011 - 18:19 | 1330571 LongBalls
LongBalls's picture

And the better place to go is?

 

Wed, 06/01/2011 - 18:23 | 1330583 JW n FL
JW n FL's picture

guns? ammo? weed? coke? vodka? LOL!

Wed, 06/01/2011 - 18:23 | 1330590 cossack55
cossack55's picture

All fine recommendations. I would add Hibiscus tea.

Wed, 06/01/2011 - 19:21 | 1330747 Transformer
Transformer's picture

And brown rice.

Wed, 06/01/2011 - 19:40 | 1330789 Hook Line and S...
Hook Line and Sphincter's picture

and, if you're Pseudo-Wanger, a pair of black speedo's, a cape, mask, and nipple ring accessories...similar in fashion to the ones I wear proudly when reading ZH. Hamy is really a ZH super-hero gift presenting the obvious wrong for ridicule. He is, on your side.

Thu, 06/02/2011 - 03:17 | 1331620 Reptil
Reptil's picture

Seeds. Non GMO seeds.

Thu, 06/02/2011 - 10:39 | 1332206 JW n FL
JW n FL's picture

VERY! VERY!! Important for the NON-Farmers in our lil family!

 

I am learning some growing.. at scale.. having said that.. having a store of seeds.. no geneticly modified... so that they will grow without certain fertalizers or treatments of chemicals..

 

this is huge.. a seed is not a seed...

 

hence! http://en.wikipedia.org/wiki/Svalbard_Global_Seed_Vault

 

this is no joke.. please have some good seeds for your area or where you will be heading.. have both.. have extra! the smallest investment you will make is in seeds.. you could spend $5k and feed a town! with seeds.. so get the good stuff! anyone who wants me to share what I ahve learned growing speak up and I will happily do so.. I would warn that I dont know much, but I will help if I can!

Wed, 06/01/2011 - 18:39 | 1330639 Fiat2Zero
Fiat2Zero's picture

Nice. Party at JW's

Wed, 06/01/2011 - 18:23 | 1330582 Tyler Durden
Tyler Durden's picture

Readers continue to confuse Harry Wanger with his sublime foil Hamy Wanger... Entertaining

Wed, 06/01/2011 - 18:29 | 1330602 MachoMan
MachoMan's picture

Absolutely...  cattlecorn.

Wed, 06/01/2011 - 18:34 | 1330615 hamurobby
hamurobby's picture

I feel their "density"

Tighter than Dicks hatband.

Wed, 06/01/2011 - 18:35 | 1330627 JonNadler
JonNadler's picture

if people would just stop pretending to be other people and just be themselves, you know

 

By the way I also just sold all my gold and silver before the bubble pops

Wed, 06/01/2011 - 18:42 | 1330652 hamurobby
hamurobby's picture

"you know"

lol, your killing me.

 

If eveweryone would just stay here, there would be alot less confusion, but then the msn etc, likes it that way.

Wed, 06/01/2011 - 19:03 | 1330700 Scisco
Scisco's picture

By bubble do you mean the recorded physical stock?

Wed, 06/01/2011 - 19:06 | 1330704 tmosley
tmosley's picture

That was epic, sir.  

Well done!

Thu, 06/02/2011 - 02:04 | 1331586 DoChenRollingBearing
DoChenRollingBearing's picture

JonNadler....

I Invite YOU to check out my semi-serious blog...

I invite YOU on the same terms as the 110 or so ZH invitees...

Send me a gmail at my name (moniker) at gmail dot com.

MAX amount of serious intellingence at ZH...

Thu, 06/02/2011 - 06:09 | 1331687 goldfreak
goldfreak's picture

will do! thanks

Wed, 06/01/2011 - 18:37 | 1330628 JonNadler
JonNadler's picture

if people would just stop clicking on the save button too many times 

Wed, 06/01/2011 - 19:41 | 1330808 pazmaker
pazmaker's picture

and Harry wanger has been on here for ever!  Is he banned

Wed, 06/01/2011 - 23:11 | 1331370 tmosley
tmosley's picture

It seems that way:

http://www.zerohedge.com/users/harrywanger

Access denied...

Wed, 06/01/2011 - 18:42 | 1330653 nmewn
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If you drag a Hamy through a...

Wed, 06/01/2011 - 20:01 | 1330871 The Axe
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very funny     

Thu, 06/02/2011 - 03:53 | 1331640 StychoKiller
StychoKiller's picture

Disylxai, the undreeprtod csrouge!  :>D

Wed, 06/01/2011 - 18:26 | 1330587 Bastiat
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How are you gonna feel if we put on a lower low and you missed it?

Wed, 06/01/2011 - 20:31 | 1330946 XenoFrog
XenoFrog's picture

I thought the bubble already popped. Was the rise from $32 to $38 a new bubble? oh dearie me... :psyduck:

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