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

Tyler Durden's picture

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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!

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!

MarketTruth's picture

No thanks on that website, they want verified ID.

Just KEEP BUYING physical silver and take delivery.

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.

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?

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.

TheGoodDoctor's picture

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

Hook Line and Sphincter's picture


 

Chase PM Freedom® Credit Card!

 

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.

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

 

Mr Lennon Hendrix's picture

Hiya Turd,

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

desgust's picture

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

 

MsCreant's picture

Agreed. That is foolish. 

kalum's picture

Bot a monster box of silvers Friday. Keep it moving

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!

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.

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.

 

 

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

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.

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!!

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.

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.

DinkStretcher's picture

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

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.

buzzsaw99's picture

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

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

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. 

billhilly's picture

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

Sabremesh's picture

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

tallystick's picture

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

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"!

Al Gorerhythm's picture

Let him know it's machinery parts!

DoChenRollingBearing's picture

@ billhilly

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

Pladizow's picture

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

Silverhog's picture

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

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!

spartan117's picture

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

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? 

Clapham Junction's picture

(comment edited out due to more public drunkenness.)

digitalhermit's picture

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

 

SheepDog-One's picture

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

HelluvaEngineer's picture

recommend: aimsurplus.com, jgsales.com

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. 

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.]

 

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.

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.

Jesse's picture

 

That is Keiser.  Max Keiser.  lol

 

 

Joe Grannville's picture

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

CrockettAlmanac.com's picture

And the bogeyman. Don't forget the bogeyman.

RockyRacoon's picture

It's typical that so many won't.