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The Silver Bears Are Here Again, Explaining Why Blythe Has A Problem
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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You're right. Anyone who believes that JP Morgan are short without hedges needs to have their head examined.
Dup (it came up twice, like my lunch after reading two of BD's posts)
'net' short, lumpy.
And I thought you saw yourself as a 'sophisticated trader', you must be so disappointed.
Complacency Anantha Nageswaran Feb 10, 2011 6:01PM
Standard Chartered’ Gerard Lyons’ has put out his Global Economic and Financial Outlook (10th Feb. 2011 – available to clients only). Some key sentences and the final disconnect between the sentences and his conclusion. They mirror the title of his piece - ’Diverging and disconnected world’.
http://www.roubini.com/
Snailes, I see your hitting the Kool Aid again!
We've almot arrived to the utopian dream of "irrational exhuberance' once again
LOL
The bears are cute, and make some interesting claims.
But extraordinary claims require extraordinary evidence.
The sudden currency reevaluation is a liiittttlleee hard to believe.
For what it's worth, the ultimate "face value", "intrinisic value" and collectible / numismatic value illustration was offered as a response to a simple question of a rabbi if it's lawful to pay taxes. the response? Whose likeness is on the coin? Then "Render to Ceasar that which is Ceasars".
Later, another simple request, show us the father. The response? "Have I been with you so long and you don't know me?"
Intrinsic value, meet face value.
Extraordinary evidence? - show me the body - can you say resurrection?
That's my two coppers.
I don't get it.
Thought all the silver plated, gold-filled tungsten bars were destroyed when Kerry blew up building 7?
Or did they never leave Area 51 after all?
But I did see Moochelle looking a little heavy in the caboose lately....
This was back in the day when Paul Zahn was still eye candy & fuckable. Do the math on what was told to you via ministry of propaganda. I didn't make this falsehood up, the TV tools did.
CNN - WTC Gold and Silver below Ground Zero
I remember watching a 'live coverage' during the aftermath.
The gold and silver had been located, and a small convoy of
Brink's trucks was shown climbing out of the hole,
presumably with the stash.
Without knowing much about it, it sounds like the PM markets are highly sophisticated and very opaque...perfect for the JPM's and the GS' (just like the derivatives game). Who really knows what the amount of the real supply of gold and silver truly is and what the true demand is? (Nice grammar...sorry). It seems that when there are headlines the shit moves up or down, other than that, with the Bernank pumping out dollars, PM's are moving upward slowly, like the stock markets, oil, basically commodities. You can bet your ass those fucktards at the TBTF banks have every scenario figured out and have hedged all of them...if you want to bet against the biggest organized crime syndicate in the history of the world, go ahead...I'll stick with the simple things where real supply and demand can be measured, and, I'll take my small profits. If and when (I hope) the TBTF banks implode and society becomes lawless, then I'll grab my pitchfork and rope and fight to be in the front of the line to mete out justice to the likes of Dimon and Blankfein.
Agreed. If you play in the commodities markets against these TBTF banks you are playing their game, on their field (which is slanted in their favor), by their rules (which they make up as they go along), officiated by lacky regulators (which they effectively employ). It’s tough to win under those circumstances. I’d rather try to earn a living tossing rings over bowling pins at a carnival side show.
Of course, the irony is that even with all their market advantages these overpaid, self-proclaimed genius bankstas still somehow manage to occasionally end up on the wrong side of the trade.
by eatthebanksters
on Fri, 02/11/2011 - 21:56
#954999
SN???
is that a 100 oz bar of silver
in your pants
or are you just glad to see me ...
BTFS bitches.
The whole idea of selling paper silver in reams is to depress the market price such that a physical position can be accumulated at a below market price. It is no coincidence that the Morgue - while being short massive amounts of paper silver - is one of the worlds largest holders of physical. When the timing is right and there is no more physical to be had (last contango?) there will be a default on delivery. This will send the price skyward and the public begging to get in anyway they can. Then and only then, the morgue will gladly begin distribution of their physical hoard. Shorting the paper while going long the physical effectively levers the runup in price while simultaneously sticking the paper longs with the bill. Genius really Get ya some...
Could someone link the first 2 bears videos in the thread, I found the third one via searchign for "silver bears" but the first 2 didn't show up. TY
http://www.youtube.com/user/MrSilvergoldsilver
Click see all on the right.
nice one, thanks.
We are now faced with the situation that the only marginal buyer of size for our debt is the Fed. Reserve Bank. What a sad lot we are. The USD is on the brink of a painful transition from being the world reserve currency, to well... something else. All these little games with paper price of that, and who is short this, really makes no difference. The important question is what do you want to be holding during the transition ? USD's,or precious metals, land, stocks,and food? Seems like a no brainer to me. Why overthink this with all the cloak and dagger stuff when the reality is just so simple. Country "A" spends way way to much in a multi-decade manic binge, goes into ginormous debt, and now wants to stiff everybody by somewhat surreptitiously inflating their money. Gee like this hasn't happened before. People with brains protect themselves, those in denial get frosted nuts.
you make it sound like it all happened by accident.
As I stated over 2 months ago....
JP Morgan will not suffer any material losses by being short silver in mass quanties. Obviously, they were able to construct the proper hedges to actually profit in this environment.
Well, martingale's a guaranteed win with an infinite supply of capital, so yep, this sounds right to me.
Chart looks like its fixing to roll over to me.
If I may, I'd like to offer a bit of insight.
Yes, the metals markets are rigged.
Yes, fiat holders will in the future bear the brunt of the devaluation burden.
These are facts, and any idiot (that is saying something about your run of the mill financial personality) who is worth his weight in tungsten can allude to an understanding of the above. However, the most important fact that is widely ignored remains the same: all natural systems aim to revert to equilibrium.
What consistenly leaves me awestruck is that this discussion never migrates from currency and metals to the purpose beside engendering such woeful imbalances. Most of you know what a polynomial of 2nd degree looks like – and indeed, many of us are expecting the final phase of this rally to confirm such a formation. The uncomfortable truth is that this polynomial presents itself elsewhere.
Have you recently examined global population growth since 1900? Or perhaps, a growth curve of global food supplies and fresh water supplies, net of Western consumption?
Do you understand the dynamics of food and mineral supply bottlenecks due to production timelines?
Do you understand how quickly in a physical-asset denominated economy the taxation power of a centralized body becomes obsolete?
Do you understand what percentage of the population, in the lower and middle classes, are obsolete (from the statist point of view)?
Do you understand the non-renewable energy curve?
It is reiterated daily that this fiat scheme is not sustainable – of course it isn't – and it isn't mean to be. All it must do is allow for an effective transition of the current power structure to its next most stable mode of operation. Have you paid attention to the other, larger secular trends that also aren't sustainable?
For those of you who are familiar with the fields of quantum mechanics or signal analysis, you may recall the circumstances under which an envelope function (ie. amplitude envelope) is applied. For those who aren't, a graphical depiction can be located here:
http://en.wikipedia.org/wiki/Analytic_signal
Political races, terrorism, market oscillations, etc. are noise within a greater oscillation, which is itself noise within a greater oscillation, and these are all ostensibly enveloped by functions that represent the employment of global power – real political power, not agendas of chauvenism.
Much like technology, but different in that it responds to changes in technology, power structures must evolve and adapt to avoid becoming obsolete. With the rise of communist states competing for a monopoly on the security of many millions of people (yes, Governments are simply very large firms, and yes, those firms have shareholders), Western Governments responded to the implied competition through rapidly expand economic capacities which where generational in nature. Many of the industries which were fundamental to Western GDP growth post World War 2 are now shadows of their former selves.
Do you really believe the flush-out phase that is upon us, which is absolutely essential prior to our embarking on the next great Western growth cycle, will be a rational, progressive development? If you do, I strongly suggest you examine the tendency of natural systems to act erractically as the pendulum stalls near the height of instability. We are there, and the reversion always happens much more rapidly than the initial build-up. In this regard, Tyler's article highlighting a similar phenomenon lurking in the long bond market is quite prescient.
What you are witnessing is a tragedy of unimaginable proportions. Humanity has devised ways to channel resources, and has developed technologies that have allowed for a sustained acceleration of population growth ceteris paribus. Unfortunately, we remain simultaneously plagued by notions which promote a tendency towards disequilibrium: widespread nonchalance about perpetual deficits, increasing dominance of major religions remaining thoroughly engrained with bronze-age conquest narratives (Islam), which itself encourages erratic population growth, and a lack of uniformity in will to address these implied imbalances with offsetting technological capacity.
This has been known for years, and comments made by a number of eminent individuals are available in the public domain for those willing to spend some time digging.
Mr. Sinclair – and the man is a saint, I mean not to disparage him – has made it very clear to all who have provided him an ear that there is blood on the hands of those involved in this financial catastrophe. This should not be taken lightly for a number of reasons.
Primarily, Mr. Sinclair is not a full-time philanthropist; yet he has dedicated a sizable portion of his lifetime to preparing the willing public for the events about to transpire. He could have done so for every other recession and every other financial panic. This indicates that he ascribes a very high value to his service for the community – far outweighing other philanthropic or political initiatives. People tend not to come out of the woodwork and dedicate an uncomfortable decade of their lives to complete strangers with isolated interests. This is born of a moral obligation: a fact which does not dimish the value of his contribution, but makes it all the more respectable. Given the abstraction required to understand the various dynamics at play, it is evident why he has only targetted the gold community – accepting gold's role in the monetary system is axiomatic to all further conclusions that may be drawn.
The current degree of disarray politically, economically and morally essentially guarantees an enormous amount of blood will pave the road to the next equilibrium of power distribution.
In a world that makes so little sense, there must have been impetus to allow it to get to this point. That impetus was to concentrate large physical asset holdings in the hands of a few to provide those members of the existing power structure with great leverage in the approaching times of turmoil. If you can save a country from chaos and turmoil by extending a loan of assets, you can coerce them into accepting your agenda under any set of circumstances. I'll leave the who and what up to interpretation.
Well, the world's always been about to end, you know, and half the people who ever lived are alive today. So even if the coming disjunction kills three quarters of us, you're still looking at 1/8th the total population of human beings that EVER EXISTED to pick up the pieces.
So cheer up.
Believe me, I am very cheerful. Our rebirth in terms of technological and moral development will be a sight to behold.
What I am not looking forward to is witnessing mass suffering. The fact that it is inevitable does not make in any more appealing.
DeltaFT, your reply 955183 was very interesting, I have not read anything quite like that (although ZH-er "Mako" is/was kind of close).
Thanks for sharing that.
I hope that things do not get that bad. Technology has saved us in the past, maybe we scrape through once more.
So, what do you recommend that we do?
Buy gold?
Teach our children well?
Fund basic research?
???
Solutions always exist - the problem is whether or not they are viable within a specific time frame, and under the applied constraints inherent in opposing forces. I would argue that now, not much can be done by the individual short of ensuring personal welfare. Yes, this means own gold, but gold itself means little to your security in the major centers of instability, such as densely populated areas where supply shortages tend to arise initially. This is less about asset prices than it is about a fundamental breakdown in the ability of Governments to maintain a monopoly on security, and hence prevent violence between two parties. The revaluation of asset prices is simply a mirror-reflection of this phenomenon. In this sense, as in warfare, the ability to act at a distance becomes invaluable.
Could technology alter the course of affairs? If we had dedicated ourselves over the course of the last decade to this pursuit through infrastructure development and R&D, perhaps we could have lessened the inevitable blow to be dealt by crude prices. But again, this doesn't solve the debt crisis, nor does it readily define a new control structure for existing powers to reassert themselves. Thus, though it may be of net value to the society from a productivity standpoint, it is not a realistic perspective when accounting for the contingencies brought about by the current global power distribution. That is not to say the path we took was optimal, but it was also not accidental, and had specific aims to fulfill.
It is foolhardy to provide definitive recommendations in an environment that will see such dramatic changes, but several time-honored guidelines won't hurt.
The act of encouraging children and family members to think critically, given the short supply of critical thinking that exists today in the West, will prove to be an investment as valuable as gold. This means not extrapolating linear trends and making critical decisions based on the "now" dimensions of our experience, but developing a dynamic understanding of the trends to project where opportunity will exist in the future. An example of this would be to encourage a high-school student interested in economics to enter a sub-discipline of engineering that will benefit from this change in secular trends, rather than, say, become a monetary economist. To accept a degree of fundamental elasticity in notions is invaluable in an environment where the British parliament may no longer be convening a decade from now.
In addition to the above, all people with adequate financial resources to do so should have a default contingency plan in the event of unrest escalating in the West. There are jurisdictions that will fare much better than others, largely due to prevailing industry, resource availability and population density. Parts of Canada, Argentina, Paraguay, Switzerland, Australia, and self-sustaining enclaves of Asia are likely to be the areas least affected by unrest. These provisions are however subject to change, as I believe you will be hard-pressed to find a Government that does not tacitly assume the rights of the populace may be impinged upon. Governments are traditionally quite incapable of avoiding this obstacle under normal circumstances, let alone during periods of economic and social upheaval that fundamentally alter the way societies operate.
You may, as I do, hope for a better outcome, but do not allow desire to influence your rationality in the process. Preserve your hope for a day when it may be profitably employed, and help others bear their burdens to the degree that you can. Certain outcomes are inevitable when children play with matches, and unfortunately this fact is analogous to our modern understanding of economics and political governance. What many cannot conceive of is that we do yet possess the proper tools to deal with these crises. Our societies exude the facade of being advanced, but an understanding of social systems, their dynamic factors, and the requirements for optimal governance is fleeting. Much like painting, the artist dirties many canvases prior to completing a masterpiece. Governance is no different – societies learn from those before them, and ultimately follow a pathway towards more efficient operation: a sustainable dynamic equilibrium.
Thanks for a great thread DFT. Preservation of hope is my full time occupation. At least it is fun!
Nice DFT, reminds me of something Douglas Coupland wrote:
"We're riding the asymptote..."
Interesting - he is quite correct. Our ability to move forward, both in productive and technological terms, has outpaced our development in understanding how to safely and effectively navigate said progression. We lack an overarching intellectual fortitude to guide our efforts; a reference point if you will.
Thank you for the effort you took and clear communication. I've said for 40 years+ we have made huge technological strides but brain development and society are still in the stone age. The veneer of civil society is very thin.
No one wants to talk about the population bubble. It is the biggest problem we have ever faced as a species. It is also the greatest opportunity. Through large-scale and brutal creative destruction we will rid ourselves of the weak and inept. We say this not because we are cruel and want to kill people, but because it is just an inevitable result of the situation we have made for ourselves. But after the destruction those of us strong enough to survive will rally and become great once again. This is how the cycles of nature play out.
We must prepare ourselves to get through the rough times ahead. We must pass on our genes to the next great chapter in the human adventure. Hopefully we will sustain ourselves better the next time we effloresce!
I always talk about the population bubble being the greatest threat. Of course the Pope doesn't think breeding is a problem.
I agree if you mean to let the Malthusians go first. The genocidal nihilists are just unproductive dead weight. And they can rejoice, it's Darwin approved.
John Malthus said the same thing at the turn of the 18th century when poor people were laying around in the streets. The presumption was that if the rich could just get rid of those annoying poor people, there would be more resources for the rich to enjoy. Later, Hitler and 'progressive' George B. Shaw said the same thing: get rid of the unwanted bread eaters through forced euthanasia as a matter of policy.
Al Gore? Global warmers are just thinly veiled Mathusians who are really promoting depopulation and want to kick 50% of the people off the planet through starvation. That way, fatties like Al Gore won't have to reconsider their private jets and own lifestyles.
So, let the brain damaged sociopaths first. It's their duty after all! Human evolution will go backwards if they inherit the Earth.
+100
those supposedly out to save the world, are the biggest douches
include Gates and his genocidal vaccine agenda
Eagles U.S. Legal Tender and subject to search and seizure
"American Eagle Silver Bullion Coins are affordable investments, beautiful collectibles, thoughtful gifts and memorable incentives or rewards. Above all, as legal tender, they're the only silver bullion coins whose weight and purity are guaranteed by the United States Government. "
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=american_eagle_silver
PNG files Amicus brief in 1933 Double Eagles case : Coin ...
http://www.youtube.com/watch?v=i341kVN5GVI
http://www.ehow.com/how_6762186_melt-silver-coins.html
http://www.ehow.com/ingots/
None of them was officially issued for circulation as U.S. legal tender when ... would be considered Government property and subject to summary seizure. ...www.coinlink.com/.../us.../png-files-amicus-brief-in-1933-double-eagles-case
The Gold Bullion Coin Act of 1985 (Public Law 99-185 of Dec. 17, 1985, 99 Statutes At Large 1177, 31 USC 5101, 5111, 5112) provided for minting the American Eagle gold coins. Section 2(3) provides, “For purposes of section 5132(a)(1) of [Title 31], all coins minted under this subsection shall be considered to be numismatic items.”
The Liberty Coin Act of July 9, 1985 (Public Law 99-61 of 7/9/85, 99 Stat. 115, 31 USC 5112) authorized the one ounce silver coin commonly called the Silver American Eagle. At section 202(g) it contains identical language.
The American Eagle gold coins and the silver American Eagles are “numismatic” coins. (31 USC Section 5132(a)(1) requires the Secretary of the Treasury to apply proceeds from selling “numismatic” items to cost of making them.)
http://www.youtube.com/watch?v=vvVAnSwuD2Y&NR=1
How Obama could confiscate your gold according to Marc Faber
http://www.youtube.com/results?search_query=russia+gold+rust&aq=f
5:08Add toAdded to queue
video lang: en Translate View original (Translation disabled) Counterfeit Government Gold? Rusty Russian Coins (HD)www.wealthcycles.com - Breaking news Here are the first up close HD pictures of the rusty Russian gold St George coins. Mike Maloney speaks with ...
by whygoldandsilver | 5 months ago | 17,209 views
- HD
- CC
1:15Add toAdded to queuevideo lang: en Translate View original (Translation disabled) Rust Discovered On Bank Of Russia Issued 999 Gold Coins
www.zerohedge.com
by drevenkaine | 6 months ago | 306 views
- HD
6:48Add toAdded to queuevideo lang: en Translate View original (Translation disabled) Tarnished 90% gold coins and a shout-out to SCOPELABS
Scopelabs (Greg Simmons) melted my brain! Incredible info and observations ""?ill say without the Govt playing raindeer games that he DOW and GOLD ...
by silverfuturist | 6 months ago | 3,207 views
0:23Add toAdded to queuevideo lang: ru en Translate View original (Translation disabled) Rust and corrosion found on gold coins
Businessman German Sterligov found rust and corrosion on thousands of gold coins issued by Russian Central Bank. Pure .999 gold doesn't react with ...
by ilyuxo | 6 months ago | 3,056 views
Mike Maloney Schools Bankers on Deflation, Gold and Silver (Part 1 of 2)
http://www.youtube.com/watch?v=uzef43gdupk
What happened to the part about Obama being a CIA plant that you said in part III would be coming?! That seemed like the best piece of info we need to hear.
Please dont forget!
Jack Daniels Explains The Deficit
http://www.youtube.com/watch?v=_Rl1xgT3REE
Shouldn't silver bears be short silver?
The silver bears are short. About 2 ft high.
Hey, don't get short with me! I couldn't bear it.
I'm definitely disappointed by this latest video.
The first ones looked promising, but the Tungsten twist is a bit too much for my good old tin foil hat.
The maker is very good in leaving more questions unansered by constantly adding new 'cliffhangers,' which surely adds to the suspence, but does very little in laying out a clear case for Silver.
p.s. just in case this Tungsten twist turns out to be true, then perhaps it's a good time to short Tungsten, because when all these fake Gold bars get uncovered it will surely increase the supply of Tungsten! ;-)
Unfortunately, it appears to be true. The Chinese have created their own gold storage facilities in Shanghai to ensure safety.
Fake gold bars in Bank of England and Fort Knox - U.S. Politics - MarketWatch Group Discussion
Huh... well, if true, then this will cause absolute pandemonium with the world financial system.
Help! What do they mean do not watch the spot price, watch the market? I though the spot price (retailer mark up) determined what the market (buyers) are willing to pay? What am I missing? Last question, I think I know, but what the hell... the little bear keeps saying buy coins, are silver bars okay for "sinking the jp morge"?
Comex is the price discovery mechanism here in the US for silver. They trade contracts, each of which covers 5,000 oz. At $30 an oz, you'd need to put up $150k to simply get a contract, and then insist on delivery. For 1 single contract. Many (maybe most) contracts are obtained using some form of leverage (margin), implying that either most buyers don't have $150k multiples or are in fact not even interested in the bullion itself. Think of Comex as a rich man's gambling club, which occasionally sees an industrial purchaser pick up a contract or two.
This is where we get our spot price for physical. So the spot price is driven by a market that consists almost entirely of traders, not accumulators or investors. People who buy coins or bars frankly can't afford the price of admission to even think about entering into that market. So what you are missing is that the spot price is set by a very small number of players, and you, I and most common folk *aren't* those players. Those players are mostly traders, not buyers. The majority of the price action cares not one whit whether there is actual silver bullion behind the trades as only a very few contracts actually get settled for silver.
As for "sinking JPM", I would suggest that you at least consider the possibility that you are being handed a rallying cry that has little bearing (rimshot!) on reality. JPM has been making money hand over fist in the Ag market for years, through the simple expedient of being a big enough player in a market small enough for them to dominate. There are ways to make money when Ag goes up, and ways to make money when it comes down, and JPM has had the ability to invoke up or down on demand. Could you not make a killing if *you* knew what a given market would do tomorrow?
Bars are good. Coins are good. Silver is good, and ultimately silver is silver so the smallest premium/oz is nice. But bear (rimshot2!) in mind that individuals purchasing silver by the oz are in all probability having their demand "fed" by silver that never passed through comex in the first place, but was sold by miners to refiners for forming into retail form. That stream can (and does) experience shortages and production bottlenecks, but it really doesn't spill over into Comex.
JPM may get their butt caught in a door, but it will be because big players decided to push the issue, not mites like us.
on Sat, 02/12/2011 - 12:31
#955812
"JPM may get their butt caught in a door, but it will be because big players decided to push the issue, not mites like us."
***********************************************************************
Fail..
2 million oz.'s of silver equals one year of U.S. Production (ruffly).
December saw 4 million oz.'s fly off the retail shelves of the U.S. Mint... 2 years U.S. Production.
January saw 6 million oz.'s fly off the retail shelves of the U.S. Mint... 3 years U.S. Production.
and then this month, last I heard 800,000 plus oz.'s went out the door of the U.S. Mint...
when a decades worth of production goes out the door, everyone feels it.
so I call bullshit... I say that the lil guy did score big...
Thank you for reinforcing my point. The "lil guy" has bought record amounts of silver, from the US Mint. Woot!
But wait, the US Mint is required by law to obtain silver that is newly mined and from domestic sources. I believe I did point out that the stream of silver from miners to retail products (like US Mint SAEs) is separate and distinct from that which supplies COMEX. COMEX bullion can be sourced from anywhere (LBMA, recycled scrap, SLV basket redemption, etc obtained from anywhere in the world) as long as it is put into proper form first. The Mint can (and has in the past) completely run out of available bullion for Eagles (I recall waiting almost 6 months for an order of them back in 2008), and COMEX and JPM continued to dance with nary a concern.
My point is that investor demand of 1oz rounds and 100oz bars puts very little direct pressure on COMEX and our friends at JPM, even if it rises to levels where it can't be found anywhere. It will take large buyers insisting on delivery of substantial numbers of COMEX contracts to do that. You and I may not like it, may think it is bullshit, may believe it is f*cking unfair, but it is what it is. Sometimes reality sux.
Hecla alone will produce 11mlozt of silver in 2011ce.
Proper post; well done! However hop singh be tired of taking the ponderosas promise.
I will keep buying PM's...
It is a free country, you can hold on to as much paper as you can earn... good luck with that, you will need it.
as for a decades worth of production being bought in the 1st quarter (ruffly, guesstimate)... I stand by my comment that pricing preasure will be gaining traction across the board... lets re-visit the numbers in 6 months time and see who is right and who is wrong? sound fair?
Help! What do they mean do not watch the spot price, watch the market? I though the spot price (retailer mark up) determined what the market (buyers) are willing to pay? What am I missing? Last question, I think I know, but what the hell... the little bear keeps saying buy coins, are silver bars okay for "sinking the jp morge"?
links.
http://news.coinupdate.com/comex-silver-inventories-continue-to-decline-0368/
http://www.marketskeptics.com/2010/10/why-deficits-stopped-mattering-magic-or.html
good luck!
How is it when someone has a different opinion on precious metals they are a troll? Lol. Same shit as your un-American if you don't believe in War or anything else the government pushes. Why you people believe paper money is destined for ruin, and it very well maybe, HOWEVER the precious metals are protected from all manipulation and control. Now does that really make sense? NO it doesn't, but have fun living in your safe glass house.
Trolls just contradict,they don't offer any cogent argument to support their contrary position.
eg. The man behind the desk in this clip is a paid 'troll' (actually there are a few examples of trolls in here- MP was way ahead of its time)
http://www.youtube.com/watch?v=kQFKtI6gn9Y
Now, if I am reading the 'questions' in your comment correctly:
"Why you people believe paper money is destined for ruin...precious metals are protected from all manipulation and control."
Well, there is at least a very strong inductive argument supporting the demise of all paper currencies, in that I am fairly certain not one has lasted more than a handful of decades; and those were conceived in the days before you could simultaneously have a conversation with someone in Vancouver and Sydney.
I'm not exactly sure what you meant by the last part, to be honest. But again there is an incredibly strong historical precedent for PM's success when used as a currency.
Paper bugz, IMHO, seem to be operating under the misapprehension that "it's different this time"
Regards
You have to be out of your mind to invest in miners. Can you say nationalization?
You might be ok if you reside in the nation that nationalizes the mine you own. Who knows, as a citizen you just might be allowed keep your share of the business... I wouldn't be holding my breath or anything, mind you, especially if your Central Bank still has a GS alumni heading it at the time.
OTOH: You have to be out of your mind to invest in the banks. Can you say freezing foreign accounts? Can you say insolvency? Can you say mark to skypie? Can you say prestidigitation?
To a degree I agree though; best get your hands on some physical PM's, arable land, etc. for at least a tithe of your wealth.
Can't win if you don't play!
Regards
Tungsten prices have risen over 80% in the last year.
We made tungsten a precious metal!
Next up: Lead!
End corporate personhood bitches!
If you can't beat 'em join 'em. Become a corporation yourself!
These Bears should be polar bears..cause they have frost bitten brains.
-----
how the hell do i get rid of a 62 lb bar of silver?