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The Silver Bears Are Here Again, Explaining Why Blythe Has A Problem

Tyler Durden's picture


The bears are back summarizing the most recent developments in the silver market including backwardation, some insider "conspiracy theories", the Comex' paper to physical imbalance, the coming endgame, and what all this means in terms of options for one Kamakayz [sic] Bernank.



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Fri, 02/11/2011 - 18:43 | 954402 Tyler Durden
Tyler Durden's picture

"We made an error of judgment. Frankly, we made a
bit of a rookie error. We got overexposed in the market and made
ourselves vulnerable to a squeeze." Blythe Masters. August, 2010. Bloomberg

Everyone can fall.

Sun, 02/13/2011 - 11:46 | 957584 harrypotter
harrypotter's picture

hi,can you please tell me what will happen in the coming week in terms of price... am holding short position.thanks in advance

Fri, 02/11/2011 - 18:31 | 954372 Bigger Dickus
Bigger Dickus's picture

The charts are predicting a 2 to 5% correction in silver next week. Hedge accordingly.

Fri, 02/11/2011 - 18:38 | 954391 bankrupt JPM bu...
bankrupt JPM buy silver's picture

I'm actually hopeing paper silver has a 100% correction...wouldnt it be nice to own physical at $0?  Would you be a buyer than, you monkey?

Fri, 02/11/2011 - 18:50 | 954419 Blano
Blano's picture

Please explain exactly how the charts show that, O Great One.  I don't see it.

Fri, 02/11/2011 - 19:29 | 954512 SheepDog-One
SheepDog-One's picture

Oh right 'the charts' are showing it, Bigger Douchebag.

Fri, 02/11/2011 - 19:37 | 954535 mogul rider
mogul rider's picture

Hedge this motherfucker

I'll be buying all way down Blythe's throat.


And then some.


That's called a canadian dickus.


Yeah we drill it down your throat so deep you shit out blythe lookalikes

If you had a big one like you think you do - You'd understand but since you are JPM drone in a dress you wouldn;t get it.



Fri, 02/11/2011 - 20:17 | 954642 Bigger Dickus
Bigger Dickus's picture

You will get your ass handed to you.

Jesus Christ, ZHedge used to be about sophisticated trading. Now it's just rednecks who think that they are fighting the system is buying a Silver Eagle Monster Box.

Fri, 02/11/2011 - 21:20 | 954810 GoinFawr
GoinFawr's picture

"ZHedge used to be about sophisticated trading"

Heh, as if you added anything to the conversation 'back in the day' either.

Very stupid to discount the power of Rednecks; there are a helluva lot of 'em, they aren't afraid of hard work, and they love their ordnance.


Fri, 02/11/2011 - 21:51 | 954887 Slewburger
Slewburger's picture

"Now it's just rednecks who think that they are fighting the system is buying a Silver Eagle Monster Box."

At least in the south we have grammar to go along with our ASEs.

Didn't junk you but a country boy can survive.


Fri, 02/11/2011 - 23:17 | 955041 dark pools of soros
dark pools of soros's picture

sophisticated trading in a fucked up market??  you ARE Blythe

Sat, 02/12/2011 - 02:27 | 955308 JW n FL
JW n FL's picture

you should feel sorry for those who believe in the hot air nothing market... gravity is a bitch.


All you can do is speak the truth and try to reach as many ignorant souls as possible.

Sat, 02/12/2011 - 09:32 | 955544 Golden monkey
Golden monkey's picture

No he is a fat cop.

He's is also a quite old fucka, but play the young monkey.


Sat, 02/12/2011 - 18:17 | 956391 GetZeeGold
GetZeeGold's picture


...."sophisticated trading in a fucked up market??  you ARE Blythe"


+1 The bernake can't even find his half trillion dollars.....DOH!


What do you think is holding up the equities?


Sat, 02/12/2011 - 02:29 | 955312 JW n FL
JW n FL's picture
by Bigger Dickus
on Fri, 02/11/2011 - 19:17


You will get your ass handed to you.

Jesus Christ, ZHedge used to be about sophisticated trading. Now it's just rednecks who think that they are fighting the system is buying a Silver Eagle Monster Box.


what about those of us that have bought more than 1 monster box? 32 (31.25)lbs of silver for 1 and 1/2 stalks of paper? sounds like a solid investment to me.

Sat, 02/12/2011 - 07:27 | 955472 Treeplanter
Treeplanter's picture

This redneck is looking out for #1 by buying silver maple leafs. .9999 is sweet and not US money.  Oh Canada, eh?  I'm bloody laughin'.  

Sat, 02/12/2011 - 12:17 | 955704 tmosley
tmosley's picture

You need complicated trading strategies when you are trading in a free market.  When you are trading against Zimbabwe Ben, things get real simple.

Only fools seek complexity when there is a simple solution in plain view.

Sat, 02/12/2011 - 18:48 | 956446 tsx500
tsx500's picture

charts don't mean jack in the current 'environment'.  on the other hand,   common sense = priceless.   hedge accordingly.

Fri, 02/11/2011 - 18:33 | 954379 frippy
frippy's picture

Global settlements?

Please tell me this isn't part of the dinar revaluation scam.

Or Leo Wanta.

Fri, 02/11/2011 - 18:56 | 954426 BigJim
BigJim's picture

Yup, looks like the Silver bears have been listening to the GET team:

I got all excited about it myself, last week, after listening to the first 10 minutes... by the end I was highly dubious, and 10 minutes-worth of google confirmed it was part of the Iraqi dinar scam.

If this is their high-level source we're supposed to take as gospel, it calls into question everything else the Silver Bears have been peddling.

Fri, 02/11/2011 - 19:04 | 954451 frippy
frippy's picture

The GET Team stuff is a joke. Even the dinar RV people snicker at it.

Come on Silver Bears, don't tell me you're reading Ben Fulford and Sorcha Faal.

Fri, 02/11/2011 - 20:20 | 954653 adeptus
adeptus's picture

I agree, this "international settlements" fund is a total joke and coming from an *extremely* dubious source - the NESARA blog website [] - that's the group that hosted the conference call.


Just go to that web page and after 5 seconds tell me if you would believe anything that could possibly come out of that group?  Further, have a read through the Wikipedia link on NESARA. These guys are a total loonie tunes cult-like organization.

NESARA has about as much credibility as the National Inquirer reporting on Bush being a reptilian alien.

Let me be more clear, they (people on this not so secret conference call) reference "St. Germain" as the originator of the fund. Saint Germain was supposed to be an alchimyst who had "magical powers" like telepathy, levitation  and could walk through walls.

I loved the 4x silver bears cartoons until this one ... however, I sure as heck hope that silvergoldsilver's not-so-insider info is far more credible next time!


Fri, 02/11/2011 - 22:15 | 954933 merehuman
merehuman's picture

I much prefer the turd for a realistic look at charts and manipulation as both are in play , depending on the day and if Blyhte is on her period.  Whats real is whats in my hand. lol

Fri, 02/11/2011 - 22:33 | 954958 Turd Ferguson
Turd Ferguson's picture

Me, too. Thanks!

Fri, 02/11/2011 - 22:40 | 954967 Bringin It
Bringin It's picture

Hi MH. 

Turd I appreciated your drawing attention to the scale of the raids on the 1 minute charts as clear footprints of the EE in action.


Sat, 02/12/2011 - 21:28 | 956731 snowball777
snowball777's picture

This is why set and setting are so important when dropping acid.

Sat, 02/12/2011 - 15:15 | 955977 66Sexy
66Sexy's picture

i agree. this downgrades the bears significantly.

Fri, 02/11/2011 - 22:55 | 954996 RmcAZ
RmcAZ's picture

It came from the internet... it must be true.

Sat, 02/12/2011 - 01:03 | 955198 Terminus C
Terminus C's picture

You came from the Internet... you must be an illusion.

Sun, 02/13/2011 - 11:20 | 957550 GetZeeGold
GetZeeGold's picture


The really scary part is that it's the only idea I've heard that would work.


......unless you've heard something else?


No? Yeah.....I didn't think so.


So basically.....we're screwed.

Fri, 02/11/2011 - 18:34 | 954383 Hephasteus
Hephasteus's picture

He's crackers. If silver stays under 140 in 18 months it would be a frikkin miracle.

Fri, 02/11/2011 - 18:34 | 954386 topcallingtroll
topcallingtroll's picture

Ok!  I get it!  The troll is now a silver bull.  Now will you tell me the secret handshake?  And I want my decoder ring.

Fri, 02/11/2011 - 18:41 | 954399 GoinFawr
Fri, 02/11/2011 - 18:51 | 954424 Hephasteus
Hephasteus's picture

LOL. What's the rule 3 times and it loses its funny. I've cracked up twice so far.

Fri, 02/11/2011 - 18:55 | 954438 hambone
hambone's picture

Always a sucker for flatalance!

Fri, 02/11/2011 - 19:39 | 954530 GoinFawr
GoinFawr's picture

oK, Heph I'll stop now. I couldn't help it, honest.

It's just so... damn... fitting.

Fri, 02/11/2011 - 19:38 | 954540 Hephasteus
Hephasteus's picture

No. I think this one has at least 11 plays in it.

Fri, 02/11/2011 - 18:49 | 954397 GoinFawr
GoinFawr's picture

Is there a doctor in the house?! Somebody get BD some meds, he's having yet another grand mal seizure. Oh, and call a nurse too, I think he may need a fresh 'depends'.

'They can hedge their shorts anytime they want.'

Provide an example of how they might do that, and I'll show you yet another reason how they're in big trouble.

Fri, 02/11/2011 - 19:46 | 954567 KickIce
KickIce's picture

FWIW, there was an article a month or so back about how they were offloading some of their short positions to off shore banks, I'm guessing some PO boxes are going to take some heavy losses. 

Fri, 02/11/2011 - 20:10 | 954623 greenbear
greenbear's picture

JPM is short on Comex but can we be sure of their net position?  What about unregulated OTC derivatives market?  They could be net neutral or net long.  According to David Morgan, only JPM knows their net position for silver.

Start at 9:10:



Fri, 02/11/2011 - 20:48 | 954727 GoinFawr
GoinFawr's picture

Thanks for the link.

Let's see what, if anything, the court cases flush out.

Fri, 02/11/2011 - 18:56 | 954411 hambone
hambone's picture

Colorful, cute, cuddly, foul mouthed, flatalant bears are back. 

Seem to be saying something bout slivers are contagious?

Whatever, so cute!!!

Fri, 02/11/2011 - 18:49 | 954415 nontaxpayer
nontaxpayer's picture

these videos are getting more surreal everytime. even I think they are paranoid schizo, and I hate governments and love gold...just look at my nick and avatar.

Fri, 02/11/2011 - 18:49 | 954417 MGA_1
MGA_1's picture

The comex is in trouble with silver, but global settlements, tungsten bars everywhere?  Wait... is that little green men operating those bears?

Fri, 02/11/2011 - 19:11 | 954468 SilverDOG
SilverDOG's picture

Look at tungsten sales up to 2003 where buyers were invisible,

the Rothchilds succinctley departed the gold market and...

when the tungsten sales spike fell. Perfectly timed.    

Got Gold?           

Sat, 02/12/2011 - 02:15 | 955299 tmosley
tmosley's picture

Post a source, please.

Even if they were replacing every gold bar on earth, I wouldn't really expect that to impact the sales much.  I would think tungsten, with its legion of uses thanks to its unique chemical and physical properties would move at orders of magnitude more than gold.

Sat, 02/12/2011 - 23:30 | 956941 phil silver
phil silver's picture

Can I suggest and the Fed considers a Gold Plated Tungsten Bar Standard.

It might work???

Please send your replies to Phil Tungsten, since Ive changed my name.

I think I have found a replacement for Uncle Ben.

I found this over at Goldseek called 'Stiff The Fed'

It listed our 15 biggest creditors, the entities to which the captive citizens of the United Snakes of America owes money.


Canada, which we always held as infinitely more sensible, turned up in the Top 15 for the first time. We owe Canada $3.6 billion. Coming in at 14th is Hong Kong, at $138.9 billion. We owe the Cayman Islands' banking centers $146.3 billion. Twelfth is Brazil; we're into them for $184.4 billion. We owe OPEC $210.4 billion. We owe the insurance industry $261.8 billion. We owe domestic commercial banks and credit unions $269.8 billion, making theirs our 9th biggest I.O.U. The Brits and our own state and local governments are tied for 7th place at $511.8 billion each. We owe mutual funds $637.7 billion and pension funds $706.4 billion.


Are we beginning to see a pattern here? This thing is beginning to go logarithmic. We owe Japan $877.2 billion. China ranks a measly third: they've been shedding U.S. debt like crazy, converting it to stuff we used to do, like mineral and oil production, but they're still just a hair shy of a trillion, $895.6 billion to be precise.


The last two surprised us. Holders of U.S. Savings Bonds, and a category CNBC calls “other investors” rank No. 2, at $1.458 trillion.


And the Number One I.O.U.? Drum roll, please: it is our very own United Snakes Federal Reserve Bank, which has us on the hook for a staggering $5.351 trillion!  That's right. We owe the Banksters in our own midst interest-bearing debt more than five times what we owe the Chinese we're always sniveling about.


We owe Ben Bernanke's crooked, miserable Jekyll Island creature 10 times more than we owe the money-grubbers at the counting houses in London. Noise from the  cute brunette talking head at CNBC: “So no big deal, then – we just owe it to ourselves.”



Have a good weekend and remember no 'Counterparty risk with Tungsten'

Fri, 02/11/2011 - 18:55 | 954434 nontaxpayer
nontaxpayer's picture

"gold-plated tungsten" - loved that!

Fri, 02/11/2011 - 20:20 | 954618 gwar5
gwar5's picture

That was no joke. That was serious.

Gold Bars in Fort Knox Are Fake!

Hong Kong recalls gold reserves from London - MarketWatch dal

Gold Coin & Bullion Coins ! » Rust on Russian Gold Coins ?!


[excerpted from the Fort Knox story]

"What the Chinese uncovered:"

"Roughly 15 years ago -- during the Clinton Administration [think Robert Rubin, Sir Alan Greenspan and Lawrence Summers] -- between 1.3 and 1.5 million 400 oz tungsten blanks were allegedly manufactured by a very high-end, sophisticated refiner in the USA [more than 16 Thousand metric tonnes]. Subsequently, 640,000 of these tungsten blanks received their gold plating and WERE shipped to Ft. Knox and remain there to this day......


......No one knows whatever happened to Stuart Smith. After his offices were raided he took "administrative leave" from the NYMEX and he has never been heard from since. Amazingly, there never was any follow up on in the media on the original story as well as ZERO developments ever stemming from D.A. Morgenthau's office who executed the search warrant.

Are we to believe that NYMEX offices were raided, the Sr. V.P. of operations then takes leave -- all for nothing?

The revelations of fake gold bars also explains another highly unusual story that also happened in 2004:


LONDON, April 14, 2004 (Reuters) -- NM Rothschild & Sons Ltd., the London-based unit of investment bank Rothschild [ROT.UL], will withdraw from trading commodities, including gold, in London as it reviews its operations, it said on Wednesday.

Interestingly, GATA's Bill Murphy speculated about this back in 2004;

"Why is Rothschild leaving the gold business at this time my colleagues and I conjectured today? Just a guess on my part, but [I] suspect something is amiss. They know a big scandal is coming and they don't want to be a part of it... [The] Rothschild wants out before the proverbial "S" hits the fan." -- BILL MURPHY, LEMETROPOLE, 4-18-2004

After reviewing their prospectus yet again, it becomes pretty clear that GLD was established to purposefully deflect investment dollars away from legitimate gold pursuits and to create a stealth, cesspool / catch-all, slush-fund and a likely destination for many of these fake tungsten bars where they would never see the light of day -- hidden behind the legalese "shield" from the law."




Sat, 02/12/2011 - 16:31 | 956002 Sophist Economicus
Sophist Economicus's picture

My fear with these bears is they used snippets from that 'scam' conference call.   The "monopoly house" reference, the 140 country world settlement, etc.  If this is their 'inside' conference call data they are referring to, then, I think these silver bears have lost credibility....Doesn't change my perspective on PMs as a hedge -- but now I'm questioning if this isn't some kind of 'pump' scam to bring in 'suckers' and use the ZH audience as potential 'targets'...


Mon, 02/14/2011 - 09:09 | 959283 jus_lite_reading
jus_lite_reading's picture

Well said. I do find the bears comedy routine entertaining and in the past, their info was verifiable and mostly accurate; this newest video with insider info is their downfall. That said, I have heard of fake bars hitting the markets and being detected before the CB's added them to inventory and I continue to buy all the silver I can get my hands on. This "tungsten conspiracy" however is a joke. Shame shame.

Here's to hoping they make a comeback...

Fri, 02/11/2011 - 19:10 | 954462 the rookie cynic
the rookie cynic's picture

One question: Can they mine silver any faster than the Bernankovich can add zeros to primary dealer bank accounts?

Fri, 02/11/2011 - 20:12 | 954532 Threeggg
Threeggg's picture

Only if they can increase the production of copper because 90% of World Silver production comes as a bi-product of copper mining.

The only thing that would increase the production of Copper would be through the buying up of the above ground supply and inflation of the price by not selling that supply.

wait a minute ......................................?

JPM you little sneaky boogers..((0-0))..wink-wink ;)

 Good God I love this video:  Thanks blindman

Laughed my azz off !

Fri, 02/11/2011 - 22:21 | 954943 merehuman
merehuman's picture

3 eggs wins the prize. Wasnt it JPMorgen, ahem that owns almost 90% of the copper now?aha, aha. Smart bankers hang on the same rope as the dumm ones.


Sat, 02/12/2011 - 19:55 | 956561 Hephasteus
Hephasteus's picture

JP Morgan doesn't give a shit about copper. They are just mining silver out the ass right now. 90 percent of all silver mined is a byproduct of copper mining. But since they are pricks they'll try to keep the price of copper super high too. It crashed big time on them in great depression.

It went from 30 cents per kilogram to 10 cents per kilogram during the second crash. And it will happen again. They'll be forced to buy expensive oil to mine dirt cheap copper to get super expensive silver to cover shorts.

It's an inverse play. I'm tellin you all if you can get silver up to 70 bucks or so after the rape comex thing happens you will see copper crash huge. If you thought 2 dollar copper in 08 was a play wait till it goes on the dollar menu this year.

Fri, 02/11/2011 - 19:36 | 954467 blindman
blindman's picture


Municipal Bond Shock Could Ignite Silver Charts
Dr. Jeffrey Lewis



Municipal Bonds and Metals

Municipal bonds are considered to be what gold and silver have always been: a reasonable store of value and protector of wealth. The idea is that municipal bonds are generally very regular on their interest payments, incredibly safe, and also tax-advantageous. As a result, they became an investment staple of the insurance business and are still, to this day, one of the single most important assets to that industry.

However, with the markets in turmoil, and few knowing the extent to which they are exposed to municipal defaults, any future shocks will play out well for gold and silver holders. All things considered, gold and silver can provide near equal returns for investors from arbitraging and option contract sales.

Plus, when contracts are written against gold and silver owned by a company, the earnings are taxed as ordinary capital gains, not as collectables. Thus, gold and silver present an opportunity for profits on rising inflation, as well as routine cash-flow for insurance companies, a necessity of any investment.

Small Muni Shift = Major Movement for Metals

Whether or not the business will shift entirely to gold, silver, or other commodities is of little concern, mostly because it requires only a small shift in assets for commodities to move quickly. The municipal bond market rests at a value of just under $3 trillion, a size that dwarfs the commodity markets and any above ground supplies ....."



Fri, 02/11/2011 - 19:11 | 954470 Boba Fiat
Boba Fiat's picture

Damn, the voices suck.  Why did xtranormal change that shit? 

Fri, 02/11/2011 - 19:20 | 954490 DCon
DCon's picture

Nice of Simon Hobbs to do one of the voices though

Fri, 02/11/2011 - 19:13 | 954476 Hearst
Hearst's picture

I stopped in a local Chase branch this morning to wire some money to Apmex and pull 770 oz of Silver off the market.  Toward the end of it all the banker helping me noticed that I didn't have a savings account with them.  He asked me if I wanted to open one and I said yes, I'd like ot open a Gold savings acount.  He looked back at me in astonishment and I could see he was having to get his thoughts together before gibbering back how they did not offer bullion acount etc etc.  He thought he was so smug and proceeded to tell me how the bank only offered exposure to the metals through various paper instruments.  

As he was wrapping up his proud speech I informed him that as of this week JP Morgan announced they would be accepting Gold bullion as collertal.  He chuckeled and must have thought I was making a light joke.  But when he saw I was serious the gears in his head began to turn, just a little.  I thanked him for his time and told him to contact me when JP Morgan once again offered a Gold savings account. 

Fri, 02/11/2011 - 19:29 | 954508 New_Meat
New_Meat's picture

poor munchkin.

close story: Mrs_Meat (nothing naive nor jejune about the lady) and I went into Bank of Amigos to terminate all of our associations with that organization.  Now, know that we had been with this branch for like a million years as the good banks that the borg swallowed up all of the locals.  Branch manager kept trying to say 'how can we keep your business?' Mrs_Meat, nice as always said, finally, 'well New_Meat can't handle your being owned by the government."  Answer: <small voice> 'neither can I.>

- Ned

Fri, 02/11/2011 - 22:17 | 954935 DeadFred
DeadFred's picture

Rule #1-  The government doesn't own the banks, the banks own the government.  Don't forget it.

Fri, 02/11/2011 - 19:40 | 954544 zaknick
zaknick's picture


He's gonna be like one of those people in suits selling apples on the sidewalk during Dep I.

Thank you Lord. Can you see how poetic that justice would be? The closest ones to the printing press are the largest owners of the soon to be worthless FRNs.


There will be blood.

Fri, 02/11/2011 - 19:36 | 954533 SheepDog-One
SheepDog-One's picture

Kamakayz fugayzie, bitchez!

Fri, 02/11/2011 - 19:46 | 954554 oygevalt
oygevalt's picture


Fri, 02/11/2011 - 19:44 | 954555 grunk
grunk's picture

Could somebody please explain to me this global settlement thing? It's the second time I have heard of it in about a week. I figure if it's going to destroy the Fed and rebalance wealth in the world it might be a good thing for me to get up to speed. Or it may be bullshit and I don't need to waste my time.

Fri, 02/11/2011 - 20:00 | 954601 MGA_1
MGA_1's picture

Me too - restribution of 47 trillion based upon some sort of grievances or something like that.  Doesn't make any sense - I'm sure we would have heard something about it somewhere.  It's too big of a change not to have at least some warning.  Right now, I'm just sticking with "Comex is gonna have some trouble coming up soon".

Fri, 02/11/2011 - 20:52 | 954744 Hearst
Hearst's picture

bix Weir's take on it here

Fri, 02/11/2011 - 20:38 | 954674 uno
uno's picture

also today Max Keiser said Andrew Maguire would have something big to expose in 2 weeks

The bear video seems to be hinting at a new currency (I think) or maybe I'm getting information overload today or I am part of the conspiracy and don't know it

Fri, 02/11/2011 - 20:29 | 954680 Quinvarius
Quinvarius's picture

I am convinced that global settlement thing is baloney.  Whatever happens to finally end the charade will come out of left field.  The exchanges lasted through the 70's.  They will last through this.  The bull cycles in gold and silver will complete when gold rises high enough to where the US could back the money supply 100% with gold if it had to.  Then no one will give a crap about our debt anymore because we will have an asset that makes us solvent whether we are on a gold standard or not. 

Fri, 02/11/2011 - 22:30 | 954954 robertocarlos
robertocarlos's picture

Then when they are solvent they will print just a little more for some needed expense. Afterall, gold only goes up. Let's hit the ATM. 

Fri, 02/11/2011 - 19:51 | 954579 Bobbyrib
Bobbyrib's picture

Do you really think they will confiscate gold and silver eagles?

Fri, 02/11/2011 - 20:11 | 954626 Twindrives
Twindrives's picture

Only if they successfully confiscate firearms........not. 

Fri, 02/11/2011 - 20:20 | 954645 Charles Mackay
Charles Mackay's picture


Fri, 02/11/2011 - 20:22 | 954662 beastie
beastie's picture


Fri, 02/11/2011 - 20:42 | 954713 greenbear
greenbear's picture

Not if they're melted down and made into a doorstop.

Sat, 02/12/2011 - 21:49 | 956772 FeralSerf
FeralSerf's picture

And tungsten plated.

Sat, 02/12/2011 - 14:28 | 955901 DosZap
DosZap's picture

On the OUTSIDE chance, that is why I have always bought bullion, not Legal Tender US.

It costs less, and you get more bang for your buck.

I am definitely assured that all gold will be called in, would wager on that.

As they have wasted all my labors and savings, and if FRN's go to Zero, they will have to kill me before they get ONE more dime.

Sat, 02/12/2011 - 21:52 | 956780 FeralSerf
FeralSerf's picture

NO problem. They know how to do that.

Fri, 02/11/2011 - 20:05 | 954614 Silverhog
Silverhog's picture

6 Million Silver Eagles sold last month. Good luck to Feds just getting those back.

Fri, 02/11/2011 - 20:13 | 954630 Bobbyrib
Bobbyrib's picture

What about making it illegal to hold or trade them?

Fri, 02/11/2011 - 20:18 | 954644 Twindrives
Twindrives's picture

What about melting the son of a bitches into ingots.   Learn how to use a blow torch in the next few months. 

Sat, 02/12/2011 - 12:03 | 955682 Hollow_Point
Hollow_Point's picture

Seriously wondering if anyone has tried this. Do they melt or just glow like tungsten?

Sat, 02/12/2011 - 01:58 | 954689 GoinFawr
GoinFawr's picture


That might have worked last century, think it'll fly this time around?

Fri, 02/11/2011 - 20:35 | 954691 GoinFawr
GoinFawr's picture

I heard me the first time.

Fri, 02/11/2011 - 20:38 | 954704 rocker
rocker's picture

Geezzzzzzzz Bobbyrib,  if we get to the point where they try to control their own issued coins. The dollar is already screwed. And the FED's whole ponzi stock market scam has already came apart. Not saying that the latter two won't happen, but real money will be exchanged by individuals at the point of the FED trying to manipulate what you can or can not do. They and you can only pray that they will allow you to cash in at a profit. Besides, by then they will want to tax your profits just like they do in the markets or any other investment vehicle.  That is what they will be more than happy to do. Tax you ass.  I only hope it is for huge gain.  Just "Buy the Fukn' Dips". 

Sat, 02/12/2011 - 05:37 | 955431 cossack55
cossack55's picture

Again, cashless society.  No currency.  Illegal to own/trade PMs.  All PM transactions will be black market and involve tremendous risk.  Rewards for whistleblowers for turning in folks with PMs.  Extra rations if you rat out family members.  You must think outside the street.

Sat, 02/12/2011 - 02:26 | 955307 tmosley
tmosley's picture

It worked for alcohol, it's working for marijuana, it can work for this!

Sat, 02/12/2011 - 13:44 | 955836 DollarMenu
DollarMenu's picture

It's also working well for cocaine, heroin, and meth.

I wonder how many silver eagles are owned by the enforcement



Sat, 02/12/2011 - 14:36 | 955912 DosZap
DosZap's picture

Having never broken the law, any kind in many decades, this one would be the first blatant disregard of an EO/PDD, etc.

Lose your wealth,means of self sustenance, you are really a serf.

I refuse to bow the knee.

 Molon Labe Mfkrs.

Fri, 02/11/2011 - 20:21 | 954656 mt paul
mt paul's picture

long tungsten ...

Fri, 02/11/2011 - 20:43 | 954716 MGA_1
MGA_1's picture

Lol !

Fri, 02/11/2011 - 20:24 | 954665 beastie
beastie's picture

Get a boat. Load silver onto boat. Sorry all lost at sea.

Fri, 02/11/2011 - 20:34 | 954690 Gunther
Gunther's picture

400 Oz bars of gold can only be distributed if nobody does a quality inspection. Ultrasound is able to detect tungsten and is non-destructive.

Every bar could be tested in a minute.

I doubt that no buyer does such a test (or checks for sound and drills dubious bars.)

The claim that most bars are salted implies that the buyers use blind faith or are incompetent.

Does anybody knw about the business practice in the interbank bullion market?


Fri, 02/11/2011 - 20:37 | 954700 Quinvarius
Quinvarius's picture

I know James Turk had all his bars tested at Gold Money when the rumors started to circulate.  The ones that were suspect, he remelted.  He didn't find any tungsten in the end.

Fri, 02/11/2011 - 21:45 | 954874 DoChenRollingBearing
DoChenRollingBearing's picture

THAT is very good news Quinvarius.



Are there ANY other gold bars that have turned out to be tungsten salted?  Other than the 500 gram bar that Heraeus (Germany) found (that video was here at ZH).

Please provide link or documentation!  Any such information would be very useful to all of us here at ZH.  Thanks!

Fri, 02/11/2011 - 23:56 | 955108 A_MacLaren
A_MacLaren's picture

Here's the link to the Heraeus video if anyone hasn't seen it:



Sat, 02/12/2011 - 02:33 | 955322 tmosley
tmosley's picture

I think the story is referring to central bank stocks, not bars for public consumption.

The only way to find out is to audit Ft. Knox, or some foreign central bank.


Sat, 02/12/2011 - 11:02 | 955616 Quinvarius
Quinvarius's picture

It was an interview he did.  I think it was on KWN within the past 4 months.

Fri, 02/11/2011 - 22:02 | 954906 DoChenRollingBearing
DoChenRollingBearing's picture

Silver is apparently in backwardation now, and that is supposed to be very unusual.

Another question for anyone:

What happens if gold goes into backwardation?

Antal Fekete says very bad things will happen.

Thanks again for any opinions.


Fri, 02/11/2011 - 22:57 | 954984 Bringin It
Bringin It's picture

DCRB - Gold has been in backwardization.  The spot price is ahead of the futures??

Sat, 02/12/2011 - 01:17 | 955218 DoChenRollingBearing
DoChenRollingBearing's picture

OK, Bringin It...

Fekete wrote that if gold gets into a real (my word not his) backwardation (spot price noticeably higher than future price), that is for more than a few cents right around when a futures contact expires (and rolls over to the next month), that REALLY BAD THINGS would happen.

That the gold supply would dry right up in almost an instant.  It has been a while since I read his article, so I forget the logic he used.

Do you have any specific info (past prices of spot vs. futures or other stuff) that I could see?  Thanks again, I too am trying to learn what I can to keep my family's collective financial butt saved...

Sat, 02/12/2011 - 01:49 | 955270 gwar5
gwar5's picture

Backwardation signals a possible start of a run on the available physical gold. Just like it's a possible start of a  run on the available physical silver. A run on physical gold would skyrocket the price and result in a severe shortage, making it unavailable and more valuable. 

Backwardation is signaling there is a shortage because people are paying more to get it right now, instead of paying less and taking a chance they might not get it for later delivery (non-delivery). It's "backwards" to pay more for something.

If there is, indeed, a run on gold bad things will happen to the crooked banks and that is not bad. It means people would just rather have gold than the fake money the banks print. That means we don't need them any more and that would be extremely good for people to realize, and good for banks to know.

Sat, 02/12/2011 - 02:01 | 955286 GoinFawr
GoinFawr's picture


Fri, 02/11/2011 - 20:39 | 954705 Hephasteus
Hephasteus's picture

Any idiot that just loads bars onto a storage pallet would be able to tell the sound of fake bars if he's ever loaded even a 100 real bars.

Fri, 02/11/2011 - 20:49 | 954731 Bigger Dickus
Bigger Dickus's picture

Not really. Different metal cooling speeds produce different sounds. I have seen many different silver bars that produce completely different pings. I doubt you would be able to tell a 40% half dollar from a 90% right away by listening to the ping. Do you think that the 90% one is shinier? Think again. Have you ever looked at polished tungsten? It looks like silver. 


Fri, 02/11/2011 - 21:31 | 954841 Bastiat
Bastiat's picture

You posted something relevant and useful--I don't know if it's true but still . . . wtf?

Fri, 02/11/2011 - 21:37 | 954861 Bigger Dickus
Bigger Dickus's picture

I thought I could tell if an object was real silver or some other phony metal (I'm not talking about coins) . The truth is there are people out there who are making objects that look like silver, feel like silver and even pass the acid test. My research has driven me gto believe that there's someone out there making very good fakes.


I've seen Christie's so-called experts get duped. The best way to tell if something is real silver  or a silver, nickel, copper, cadmium and sometimes lead combination is by smelling it. But then again, who would want to inhale lead atoms?

Things are not as easy as some people think.


Fri, 02/11/2011 - 22:37 | 954961 tmosley
tmosley's picture

Sorry, kid, you can't reproduce the ring of silver.  If you could, they would have done it ages ago.  Silver bells are EXPENSIVE.

For a given shape of an elementally pure material, the sonic properties will be the same in all but a very few cases (tungsten being one of them, since a "bar" of tungsten is likely to have been made from either rolled tungsten rods, or compressed shot, so the sonic properties of those would vary with the spaces between the components).

You've seen nothing.  You're just another troll, taking up the fight against honesty in all things when other paragons of graft have fallen.

Sat, 02/12/2011 - 08:25 | 955488 Bigger Dickus
Bigger Dickus's picture

"Sorry, kid, you can't reproduce the ring of silver.  If you could, they would have done it ages ago.  Silver bells are EXPENSIVE."

Sorry wrong again. But then again I guess you don't know what non-silver Christofle is.


Sat, 02/12/2011 - 12:25 | 955718 tmosley
tmosley's picture

You trying to tell me that plating steel with silver reproduces its sonic properties?

Get the fuck out, you idiot.

Sat, 02/12/2011 - 12:39 | 955743 Bigger Dickus
Bigger Dickus's picture

Sorry, not all Christofle is plated steel.

Gotta do your homework.


Sat, 02/12/2011 - 13:15 | 955788 tmosley
tmosley's picture

Yeah, and none of it rings like silver, you moron.  You just say things that you think sound good hoping that no-one will call you on it.

You are worthless.  Get out.

Sat, 02/12/2011 - 13:27 | 955804 Bigger Dickus
Bigger Dickus's picture

"none of it rings like silver" technically, it doesn't but it rings too close to silver for the average person to tell them apart.

Dig your savings out from under the trailer and go buy two Gallia goblets and two 925 silver goblets. Gently knock them together. Report back here and I'll forgive you for being an idiot.


Sat, 02/12/2011 - 16:43 | 956173 tmosley
tmosley's picture

Assertions, no proof.  Pure bluster.

Get. Out.

Fri, 02/11/2011 - 21:57 | 954899 blunderdog
blunderdog's picture

Cooling speed is highly relevant when you're talking about alloyed metals, but anything approaching .999 purity, nah.

Elementally pure metals aren't affected by cooling speed.  There may be something to the cooling speed consideration with things like Morgans or Krugerrands, but there isn't with lots of current investment coin options.

Sat, 02/12/2011 - 08:26 | 955489 Bigger Dickus
Bigger Dickus's picture

Wrong, Mr Wikipedia.

Sat, 02/12/2011 - 09:32 | 955543 blunderdog
blunderdog's picture

Doesn't take wikipedia to see you're completely full of shit, junior.  But boy you sure do get a lot of ATTENTION around here, dontcha?

Sat, 02/12/2011 - 12:27 | 955721 tmosley
tmosley's picture

Because a troll with an agenda's words are more reliable than a properly sourced Wikipedia article.

Get the fuck out.  You don't know what you are talking about, or you are a liar, or both.

Fri, 02/11/2011 - 21:57 | 954901 Hephasteus
Hephasteus's picture

Actually no he didn't post anything relevant. Comex doesn't store or sell or have anything to do with 40 percent silver coins or .9 purity bars.

Silver will work harden but if you quench it you are always annealing it. The purities that comex work with annealing isn't much trouble as anything over .95 purity doesn't work harden much at all.

Gold at .999 doesn't have any process for annealing. It never work hardens.

Sat, 02/12/2011 - 08:35 | 955501 Bigger Dickus
Bigger Dickus's picture

Er, do you stack Comex silver Mr Burns?

Didn't think so.

Sat, 02/12/2011 - 13:16 | 955723 tmosley
tmosley's picture

You are such a moron.

Get out.

Fri, 02/11/2011 - 21:31 | 954843 SubjectivObject
SubjectivObject's picture

Cooling speeds?

The implied association is between gold and tungsten, given their comparable densities, not silver and tungsten.

Distinquishing between gold and gold plated tungsten should be feasible using ultrasonic characterization; given their different densities, given their different cubic structures, given their different elastic moduli.

Or how about thermal expansion, measure between 0 and 200 F, the difference should be easily measurable; tungsten has an extreme characteristic in respect of this property.

Fri, 02/11/2011 - 21:41 | 954867 Bigger Dickus
Bigger Dickus's picture

We are talking about ping sounds and visible characteristics here.You're preaching to the choir wrt to tungsten and gold.

Have you ever seen a fake Engelhard bar cut in two to reveal a tungsten core? I have.

Ultrasonic characterization is sometimes not enough. That's the reason why x-ray machines for metals cost thousands of dollars.

Fri, 02/11/2011 - 21:54 | 954895 SubjectivObject
SubjectivObject's picture

You're indiscriminantly mixing technical applications.

The speed of sound in a [nominally] pure metal is a measurable material property.

The lack of a [significant] density difference renders radiography insensitive for the application.

Sat, 02/12/2011 - 07:35 | 955397 Gunther
Gunther's picture

What one would need to hear is the difference between the sound of gold and tungsten.

 Take a silver coin, knock to get the sound, take a silver bar to get the sound.

Do the same with gold. The two groups of pings are easily distinguishable.


You can hear the difference between the metals. The difference between tungsten and gold is bigger then the difference between gold and silver - in terms of hardness and speed of sound.


The hardness for steel depends on the cooling speed, for gold and silver not. Polished tungsten might look like silver but the density is way higher, lift the piece to feel the difference.



Sat, 02/12/2011 - 08:34 | 955500 Bigger Dickus
Bigger Dickus's picture

That's not what we are discussing here.

Coin pings depend on diameter and thickness to a large extent. If you are so talented as to be able to tell a silver coin from a gold coin without looking at it, I'm sure I would be able to find you a job.

Say goodbye to those pesky Obama food coupons, Jethro.

Sat, 02/12/2011 - 09:30 | 955541 SubjectivObject
SubjectivObject's picture

Jethro ...

You're projecting.

Sat, 02/12/2011 - 10:40 | 955594 Gunther
Gunther's picture

The discussion is about real and fake bars of nominal purity > 0.995.

Sure the pings depend on geometry but the metal is a bigger difference.

Take your bars if you have any, get the tone of silver coins and bars and gold and try again.

Silver bars and coins sond alike but not identical and same with gold. Even performing such a simple experiment seems a bit too complicated for you.

With that skill level I feel sorry for the Honda you are working on.



Sat, 02/12/2011 - 12:41 | 955750 Bigger Dickus
Bigger Dickus's picture

If your silver bars don't produce different pings either:

1)you have no experience with silver

2)you're talking out of your ass


Sat, 02/12/2011 - 13:18 | 955791 tmosley
tmosley's picture

It's clear from the great volume of your trolling in this thread (all of which has been utterly demolished by fact), that YOU are the one speaking out of his ass.  

What kind of an idiot can't tell the difference between a bell and silverware?

Sat, 02/12/2011 - 13:30 | 955809 Bigger Dickus
Bigger Dickus's picture

"difference between a bell and silverware"


We might as well be comparing ball bearings and hair dryers.


Sat, 02/12/2011 - 16:45 | 956180 tmosley
tmosley's picture

What, you forget already that you tried to tell me in this very thread that a company that makes silver plated flatware makes silver bells, and then you tried to lie about it and say that the ring of goblets is the same, some bullshit bluster that is untestable by anyone without easy access to such things?

Get out of here, you little prick.  You aren't wanted.

Sat, 02/12/2011 - 22:00 | 956796 Unlawful Justice
Unlawful Justice's picture


A church is missing their Pastor.

Sat, 02/12/2011 - 12:42 | 955751 Bigger Dickus
Bigger Dickus's picture

Oh you know about the Honda? Thanks for the interest.

Sun, 02/13/2011 - 09:46 | 957437 UGrev
UGrev's picture

He's right about the polished tungsten. I have a polished tungsten ring, and when I bought it, I thought it was silver. When the clerk told me what it was, I was thrown a bit.. good luck trying to tell the difference by a meer visual inspection. I fool everyone with this ring. 

Fri, 02/11/2011 - 20:49 | 954732 Atomizer
Atomizer's picture

Follow the Gold/Silver ratio.

Trading The Gold-Silver Ratio

Use your own analysis. Personally speaking, 32:1 is my hunch. Coin, not paper is my advice.


Fri, 02/11/2011 - 21:04 | 954770 Bigger Dickus
Bigger Dickus's picture

Blythe is a milf. Easily a 7.5/10

I bet I would be all over that fine piece of ass if I hadn't called the JPM HR lady interviewing me a "fucking idiot".

Fri, 02/11/2011 - 21:18 | 954802 New_Meat
New_Meat's picture

your size in mm?

Fri, 02/11/2011 - 21:24 | 954827 Bigger Dickus
Bigger Dickus's picture


Fri, 02/11/2011 - 21:33 | 954850 New_Meat
New_Meat's picture


Fri, 02/11/2011 - 21:29 | 954833 GoinFawr
GoinFawr's picture


Masters has spawn!? Please ghod no. I'll turn Christian, Muslim, Jewish, Brahman, whatever it takes, just let this be more BD BS...

Fri, 02/11/2011 - 21:42 | 954872 Bigger Dickus
Bigger Dickus's picture


Manipulator I would like to fuck.

Sat, 02/12/2011 - 02:36 | 955323 tmosley
tmosley's picture

You can shove a spiked dildo up your own ass.  Not sure why you need Blythe to do it.

Fri, 02/11/2011 - 21:28 | 954834 waterdog
waterdog's picture

Been here a long time. Didn't think anything could scare me anymore. These bears scare me.



Fri, 02/11/2011 - 21:30 | 954839 GoinFawr
GoinFawr's picture

How do you mean?

Fri, 02/11/2011 - 21:31 | 954844 tpbeta
tpbeta's picture

Is anyone stupid enough to believe this tripe? Makes me want to sell my silver.

Sat, 02/12/2011 - 02:40 | 955330 tmosley
tmosley's picture

Good.  Do it.

Sat, 02/12/2011 - 11:26 | 955638 Bernank Sheeple
Bernank Sheeple's picture

Talking bears r a good source of investment advise, everbody knows that.

Do NOT follow this link or you will be banned from the site!