Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0

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Mon, 11/22/2010 - 11:44 | 746357 SheepDog-One
SheepDog-One's picture

WHOOP! Yea great to see it! I'll go take another few ounce coins out of JPM silvershort slushfund availability later today!

Mon, 11/22/2010 - 12:09 | 746461 qrad
qrad's picture

silver bitchez! it's catching on! don't forget to pledge those ounces at http://standfordelivery.com so JP knows just how fucked they are!

Mon, 11/22/2010 - 12:36 | 746582 MarketTruth
MarketTruth's picture

No thanks on that website, they want verified ID.

Just KEEP BUYING physical silver and take delivery.

Mon, 11/22/2010 - 12:39 | 746595 Turd Ferguson
Turd Ferguson's picture

Great stuff. Just be sure to read Harvey Organ every night this week. The ongoing squeeze regarding the Dec10 contract is fascinating to watch.

Mon, 11/22/2010 - 13:12 | 746714 FEDbuster
FEDbuster's picture

A weak spot in the TBTF armor?  Bought a roll of eagles last week on the "dip".  BooooYaaa!

I still have a few thousand dollar margin on a JP Morgan Chase HELOC, maybe I'll max it out with a silver purchase?

Mon, 11/22/2010 - 14:33 | 747013 Hook Line and S...
Hook Line and Sphincter's picture

Since you are thinking the thought, trust they have aims to shut down access to their HELOC's asap. I was smited by just such action not too long ago. Make your move now, don't hesitate.

Mon, 11/22/2010 - 14:41 | 747030 TheGoodDoctor
TheGoodDoctor's picture

Hmm what about just opening Chase CC's and use it to purchase silver? Hmmmmm.

Mon, 11/22/2010 - 14:48 | 747053 Hook Line and S...
Hook Line and Sphincter's picture


 

Chase PM Freedom® Credit Card!

 

Mon, 11/22/2010 - 15:11 | 747129 66Sexy
66Sexy's picture

i did observe that a reputable online dealer (one that frequently advertises here) is giving up to $2 over spot for am eagles. they usually only give a buck over.

Mon, 11/22/2010 - 13:47 | 746851 dlmaniac
dlmaniac's picture

Yet another video on exposing silver manipulation here. It was done in earlier 2009 way before the current crash JPM campaign. Enjoy everyone.

http://www.youtube.com/watch?v=FywT-txGuss

 

Mon, 11/22/2010 - 14:48 | 747052 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Hiya Turd,

Ive checked on your new blog.  Good stuff.  Keep up the great work!

Mon, 11/22/2010 - 20:48 | 748165 desgust
desgust's picture

YOU are under my radar as well! Thanks for  sharing!

 

Mon, 11/22/2010 - 13:28 | 746780 MsCreant
MsCreant's picture

Agreed. That is foolish. 

Mon, 11/22/2010 - 12:46 | 746630 kalum
kalum's picture

Bot a monster box of silvers Friday. Keep it moving

Mon, 11/22/2010 - 13:04 | 746692 SheepDog-One
SheepDog-One's picture

Remember Keisers original point though, not a few people buying massive amounts, but if everyone bought just 1 oz coin it would screw em big time. So spread the news around tell everyone to buy some silver coins for presents instead of BS Apple IGadgets!

Mon, 11/22/2010 - 16:00 | 747300 midtowng
midtowng's picture

They make great Christmas presents too. A couple years ago I gave my niece and nephew a roll of junk silver bullion each.

Mon, 11/22/2010 - 13:10 | 746707 Hearst
Hearst's picture

I've been adding to my sterling collection as well.  Plates, jugs, flagons, bowls, goblets, Silver looks beautiful in other forms besides coins and bars.  A lot of really nice sterling can be bought off of ebay for below spot prices.  

With the added benefit that Silver is a natural anit-microbial it wards off colds and wont harbor bacteria.  All the cups I drink from at home are of Silver.  (Just be sure when buying that you are getting Sterling 925 and not Silver plate or inlay) 

I'm going to post a video of my collection of Silver ware soon.

 

 

Mon, 11/22/2010 - 14:28 | 746999 Temporalist
Temporalist's picture

Plates, jugs, flagons, bowls, goblets but no flasks?  Everyone needs a flask and silver just makes it all the better.  Your post reminded me of something:

http://www.youtube.com/watch?v=LS75NtlH3gI

Mon, 11/22/2010 - 14:45 | 747038 Hook Line and S...
Hook Line and Sphincter's picture

Watch out for the candy/side servers, only the supporting base and internal stem are silver. Careful with any iridescence as well.

Mon, 11/22/2010 - 13:13 | 746717 buzlightening
buzlightening's picture

Thx!  I was advocating a real vote for change by accumulating silver before '08 lil scamBO vote!!!!  Geeze my circle of influence is rather low but nice to see some people catching on!!  Bust Jpig!  Continue the extermination of the rat bastards by voting for real change and takin delivery of silver bullion!!

Mon, 11/22/2010 - 12:58 | 746671 Eternal Student
Eternal Student's picture

I killed two birds with one stone this weekend. Bought one coin, to join the protest. As well as to check this particular dealer out.

I'm going for 100 more today.

I'm also going to send some out to family members, with a note about this protest against JPM; and here's a coin so that they can join it as well.

That nice shiny stuff might get them away from American Idol for a little while, and wake them up a bit. Some of them haven't even seen real money before.

Mon, 11/22/2010 - 13:04 | 746691 Tortfeasor
Tortfeasor's picture

I'm giving ASEs to my neices/nephews this xmas.  Anyone have a good book on pms i can give them to read?  9-11 years old.

Mon, 11/22/2010 - 13:29 | 746784 DinkStretcher
DinkStretcher's picture

"Whatever Happened to penny candy" by Richard Maybury.  Part of our 6th grade homeschool curriculum for 6th grade.

Mon, 11/22/2010 - 17:30 | 747675 Francis Dollarhyde
Francis Dollarhyde's picture

Thanks for the recommendation. The reviews looked good, so I just ordered a few to wrap up with an ounce of silver for my nephews and nieces for Christmas. Indoctrinating the youth of America strikes me as a good way to invest for the future.

Mon, 11/22/2010 - 11:45 | 746361 buzzsaw99
buzzsaw99's picture

I should buy an ounce and flush it down the sewer just to screw with JPM.

Mon, 11/22/2010 - 13:59 | 746903 dark pools of soros
dark pools of soros's picture

take a picture and send to her -  http://www.cnbc.com/id/15840232?video=1310002361

 

love how they titled her "The Woman Behind Financial Weapons of Mass Destruction"   lol what a circus

Mon, 11/22/2010 - 20:19 | 748121 Al Gorerhythm
Al Gorerhythm's picture

Weird.

As an alternative, buy an oz, store it. Next, take a pic of a burning $1 bill, arc it up beside your silver dollar. Send a copy, one to your bank, one to the Fed and one to JPM. 

Mon, 11/22/2010 - 11:45 | 746363 billhilly
billhilly's picture

Did my part yesterday and took an 876 oz bar out of circulation!  Keep on "keepin on" folks, we're winning!

Mon, 11/22/2010 - 12:34 | 746573 Sabremesh
Sabremesh's picture

A 60lb bar of silver? You sho 'bout dat?

Mon, 11/22/2010 - 12:49 | 746638 tallystick
tallystick's picture

The comex bars don't weigh 1000oz.  There is a range.

Mon, 11/22/2010 - 13:49 | 746863 billhilly
billhilly's picture

OH yeah, I'm sure.  APMEX sells some nice size bars at a reasonable ($ 0.24 - 0.39) mark-up.  It is a nice RCM (Royal Canadian Mint) Bar and it's coming back home to Canada.  Gonna be fun watching the delivery guy unload it saying "WTF"!

Mon, 11/22/2010 - 20:21 | 748125 Al Gorerhythm
Al Gorerhythm's picture

Let him know it's machinery parts!

Mon, 11/22/2010 - 13:23 | 746762 DoChenRollingBearing
DoChenRollingBearing's picture

@ billhilly

Clearly a smart man shouldering his load.  Adios 876 ounces!

Mon, 11/22/2010 - 11:46 | 746365 Pladizow
Pladizow's picture

This is the best way to fight a revolution - remove your dollars and buy physical silver.

Mon, 11/22/2010 - 11:46 | 746366 Silverhog
Silverhog's picture

I knew my last 10oz purchase would break the bank.

Mon, 11/22/2010 - 20:37 | 748132 Al Gorerhythm
Al Gorerhythm's picture

Yes it will. All in all it's just a......

nother brick in the wall.

http://www.youtube.com/watch?v=M_bvT-DGcWw

Money gets back

I'm alright Jack

Keep your hands off my stack!

Mon, 11/22/2010 - 11:46 | 746369 spartan117
spartan117's picture

Apmex seems to still have American Eagles in decent quantity.  Premiums are insane though.

Mon, 11/22/2010 - 11:50 | 746382 LoneStarHog
LoneStarHog's picture

Insane compared to a corrupt paper price? When in the hell are investors going to separate the physical price from the corrupt paper price? 

Mon, 11/22/2010 - 12:01 | 746418 Clapham Junction
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(comment edited out due to more public drunkenness.)

Mon, 11/22/2010 - 11:57 | 746408 digitalhermit
digitalhermit's picture

1000s of rounds also still available at bulliondirect.com around $1-2 over spot.

 

Mon, 11/22/2010 - 12:03 | 746435 SheepDog-One
SheepDog-One's picture

1,000's of rounds of ammo also available and crazy low prices at www.gun-deals.com as well!

Mon, 11/22/2010 - 12:20 | 746512 HelluvaEngineer
HelluvaEngineer's picture

recommend: aimsurplus.com, jgsales.com

Mon, 11/22/2010 - 12:04 | 746438 flacon
flacon's picture

APMEX received a shipment of 250,000 American Silver Eagles (2010) late last week. They are down to 243,296 right now. 

Mon, 11/22/2010 - 12:47 | 746631 traderjoe
traderjoe's picture

I've called 10 dealers (a few more to go) in my top 30 major metropolitan area. I was specifically looking for Maples (I like them better). Only two dealers had any Maples at all. Of the 10 dealers, 5 had no silver at all. The remaining, if they had any, it was a few items here and there. 

These were mom-and-pop type dealers, but there's no question supplies are getting tight. And admittedly, most probably don't want to re-stock at these prices just yet. The only one that offered to order some Maples for me said it would be early December delivery. 

[I usually go through Apmex, but wanted to get to know some local dealers too, and maybe clean out my entire city since that wouldn't take much. The remaining dealers with Maples are asking too high of premiums for my taste.]

 

Mon, 11/22/2010 - 13:18 | 746738 MileMarker17
MileMarker17's picture

If you think APMEX premiums are insane, take a look at what people are paying on Ebay for run of the mill, generic type 1 oz bars or rounds.  15-20% premium over spot.

When I bought all my silver in 2002 and 2003, I bought plenty of it on Ebay, back then when nobody wanted it, I always paid less than spot.

Mon, 11/22/2010 - 14:52 | 747070 Temporalist
Temporalist's picture

Same here, different dates, but little bid competition until last year.  Since then there is a rare spot or under spot winner.  I saw 1oz go for $25 Sunday night though so it still happens.  I was tempted to swipe it but I didn't want to steal someone else's excitement if it was their first silver purchase.

Mon, 11/22/2010 - 11:46 | 746371 Jesse
Jesse's picture

 

That is Keiser.  Max Keiser.  lol

 

 

Mon, 11/22/2010 - 11:51 | 746384 Joe Grannville
Joe Grannville's picture

It's frightening that anyone would consider Max Keiser's advice.

Mon, 11/22/2010 - 12:01 | 746429 CrockettAlmanac.com
CrockettAlmanac.com's picture

And the bogeyman. Don't forget the bogeyman.

Mon, 11/22/2010 - 12:21 | 746519 RockyRacoon
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It's typical that so many won't.

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