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Silvergoldsilver.com Runs Out Of All Precious Metals In Hours

Tyler Durden's picture




 

Since Zero Hedge posted (unsolicited and uncompensated) the "Crash The JP Morgue" now-viral video late last night , it appears that among the tens of thousands of viewers who have subsequently gone to the goldsilvergold.com website, there have been quite a few conversions. So much so that as of today, the company is not taking any orders and is sold out of all products. The company goes on to say that it will not be accepting any new orders until December 6. We can only hope that the profits JPM will make in its copper market manipulation will be sufficient to offset the ever increasing pain it will experience courtesy of what is gearing up to be a massive margin call.

 

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Sun, 12/05/2010 - 00:10 | 778981 goldsaver
goldsaver's picture

For the browning hi power try out Remington golden saber hollow points. I have tested plenty of ammunition against tissue, muscle and bone and they provide the best consistency in expansion and tissue damage. For the shotgun try #1 buck. Best performance against 150-250 pound critters at living room ranges. Get your wife a decent gun man. A $200 makarov is a joke. Try a glock 19. About $500 and absolutely fool proof operation.

Sun, 12/05/2010 - 00:54 | 779032 Aristarchan
Aristarchan's picture

I appreciate your points. I do, however, like to customize my bullet configurations. I have tested store-bought bullets against my own, and some do outperform, but I like the peace of knowing I can personalize a bullet in a pinch and have it blow the arm or leg right off some miscreant. #1 buck is too close patterned for my particular room layout...although it might work well for others. There is where I fucked up...I did not mention that you should test fire against your bedroom wall/door configuration to make sure you have the right formula. Per the wife...well, she has an arsenal of her own, but she is very comfortable with the Makarov, so I am confident she can use it well. Remember...in our plan, the handguns are primarily used for survivor execution.  A makarov, at point-blank coupe-de-grace is very effective. We do have a Glock and other handguns, but we use them mostly to take the kids out for fun family times. The S&W 500 magnum is a family favorite.

Sun, 12/05/2010 - 01:18 | 779037 Aristarchan
Aristarchan's picture

I should also mention - out of academic completeness, that drilled bullets with a wax-sealed mercury filler works very well against soft targets. Spent uranium would also be a good thing to mold bullets from, but it is kinda hard to come by, and contaminates your house if used. Oddly enough, gold makes a very good bullet filler as well.

Sun, 12/05/2010 - 18:57 | 780171 DosZap
DosZap's picture

 wax-sealed mercury filler works very well against soft targets.

Yeah, and is as toxic as hell.You wound someone with that, and they will wish they were dead in a few weeks / months,or less.

 

Sat, 01/22/2011 - 21:54 | 896538 GoinFawr
GoinFawr's picture

They didn't call them 'Mad Hatters' for nothin!

Sun, 12/05/2010 - 00:45 | 779019 Aristarchan
Aristarchan's picture

I guess I should also mention - since I do not want to fail per lack of important detail - that maintaining a store of various items is just as important as being armed to the teeth. Look..everyone knows that canned goods are a good thing to have, and do not pay attention to the expiration date...they will last many years...if in doubt, boil the contents for 3 minutes and that will kill any bacteria that might be present - even Botulism. Grains, flower and cereals can be kept for up to a year or more by putting them in vauum-selaed bags. Keep yeast in cakes in vacuum bags in the freezer. Dried noodles and other dried foods are great, they may get stale, but can still be eaten safely. Water can be stored in large ziplock bags or other plastic containers and jugs. I keep iodine around if I have to treat foreign water, and various pump/jug filtration systems are available that work very well. Urine can be run through these things and is potable - although it tastes bad and contaminates the device....keep one specifically for that purpose. Hard candies can provide sugar, and will keep pretty much forever. Forget frozen foods for the long term, the evil ones will make sure that electricity goes down along with natural gas supplies. I keep wood and charcoal (they can also be used to make activated charcoal for other, more offensive purposes) and canned gas and white gas and propane bottles. Candles are a smart backup. Don't get the scented fuckers your wife likes, get the hard wax type sold at military surplus stores. Military rations are also good....they can be bought cheap, and last for many years. Kitchen matches....buy them by the case....and, the heads can be removed and  fashioned to make igniters. Plastic cigarette lighters....buy a lot of them. Camp stoves are an important thing to keep. Dried foods/fruits are a good thing to stockpile. I make my own beef jerky and Pemmican and dried fruit. Vacuum bag it and store it. Look...even after total disaster, you can still make jerky from animals and the dead enemy. Just clean the fat off as best you can and dry it at around 120F. If you keep really big, vicious dogs - and you should, then dogfood must be kept in bulk. The flesh of the dead can be fed to dogs as well, raw or cooked.

Storage is always a problem. I have a large pantry, and I vacuum bad things and use Scotch VHP tape to line the wall of my basement with goods. It saves space, and provides insulation. Guns are easy...ammo is the problem. For the long term, you MUST get the capability to reload at least a workable minimum of the ammo you thing you will need. Keep bullets and extra cartidge cases and plenty of powder ( for other reasons as well). I can reload everything I have in my arsenal. I have the presses, the dies, the powder, the primers, the bullets and many spare cartridges. Plus, this gives you the ability to customize your loads. Flashlights...keep plenty of them. Use LED type that can use either rechargeble or one-use batteries. Knives....you cannot have too many. I have hundreds...from swords to folding buck-type. They can be used for close defense, to dress an animal, or to do surgery on your wife if her gall bladder craps out.

 

Ok..this is only a partial list, but I thought I should include it just to be fair. Good hunting!

 

 

Sun, 12/05/2010 - 01:00 | 779039 delacroix
delacroix's picture

a good medical kit, with sutures, antibiotics, and antiseptics, and a field medic manual

Sun, 12/05/2010 - 01:10 | 779049 Aristarchan
Aristarchan's picture

True...but remember that the vast majority of illnesses are viral, so antibiotics can not help, also, antibiotics have a very limited shelf-life. Full-blown med kits can be ordered online...Adventure Medical Kits by Mountain Medic are very good. The best thing to do is to become familiar with various medical procedures. One can take courses, or practice on the wife (if she is game). My wife drew the line at letting me cut her so to practice suturing...women can be like this sometimes.

Sun, 12/05/2010 - 08:50 | 779325 ViewfromUnderth...
ViewfromUndertheBridge's picture

I liked the bit about test firing in the bedroom...

Sun, 12/05/2010 - 01:14 | 779054 Aristarchan
Aristarchan's picture

Also...in the event of Armageddon...even a Makarov shoved in the mouth of a doctor or pharmacist will likley get you all the antibiotics you need...plus, sulfur, saltpeter.....

Sun, 12/05/2010 - 15:02 | 779230 GoinFawr
GoinFawr's picture

That whole spiel was the best role-playing (rollenspiel?) I've seen in years.

Step aside WoW, Aristarchan is in town. Say, isn't imitation a form of flattery?

Sun, 12/05/2010 - 07:15 | 779287 boiow
boiow's picture

hey guys, you do realise that outside of the US you sound really wierd. and a little bit scary.

Sun, 12/05/2010 - 11:49 | 779444 Waterfallsparkles
Waterfallsparkles's picture

We are decadents of the Settlers and the Revolutionary's that fought for the Independence of the United States.  Our Guns are a symbol of our Freedom and our rights to defend ourselves from others.

Sun, 12/05/2010 - 11:51 | 779446 Waterfallsparkles
Waterfallsparkles's picture

We are decadents of the Settlers and the Revolutionary's that fought for the Independence of the United States.  Our Guns are a symbol of our Freedom and our rights to defend ourselves from others.

Sun, 12/05/2010 - 14:49 | 779731 Temporalist
Temporalist's picture

How decadent?

Mon, 12/06/2010 - 01:17 | 781270 Bolweevil
Bolweevil's picture

Suuuuuuuper decadent.

Sun, 12/05/2010 - 12:51 | 779528 Hulk
Hulk's picture

To be truly scared, you would need to experience us in person, LOL!

SV-30 steel Bitchez!!!

Sun, 12/05/2010 - 03:32 | 779177 KTV Escort
KTV Escort's picture

you rock

effing great train of thought re. your weaponry

Sun, 12/05/2010 - 13:12 | 779552 chopper read
chopper read's picture

thanks for the details.  fantastic!!

Sun, 12/05/2010 - 06:37 | 779272 nontaxpayer
nontaxpayer's picture

I am an old-fashioned traditional guy, that 8 gauge antic piece will do me just fine...don't want to compromize too much stopping power...

Sat, 12/04/2010 - 22:57 | 778905 SCOTT
SCOTT's picture

buy/buy/buy hi o silver

Sat, 12/04/2010 - 23:29 | 778939 mt paul
mt paul's picture

...

Sat, 12/04/2010 - 23:56 | 778972 Dr. Gonzo
Dr. Gonzo's picture

The only thing giving the dollar value is the oil component making it the most liquid and easily convertable fiat in the world. If we lost hegemony of the Mid East and they found another security master (Russia) the dollar would trade near it's intrinsic value. That's why we keep killing and stealing. The alternative would be to look at ourselves in the mirror and recognize we have to start making an honest living. Not going to happen if we can help it. We sabotaged the Soviet's occupation of Afghan and they collapesed. Wonder if they've been waiting to return the favor. That's why I don't care about having a lot of dollars. I don't want to contribute to the bullshit. Plus it's a loosing proposition on so many levels. Taxes, inflation, possible bank failures ect. For the disadvantages of holding prescious metals I think there is more risk and downside potential of holding dollars. Everything that is happening right now is unchartered territory. No one knows how it's going to turn out. We can only make our guesses based on what we see and perceive. I personaly don't envision the dollar having any chance of a meaningful revival after everything plays out but I could be wrong. If I am I still have my silver. Not too bad of consolation.

Sat, 12/04/2010 - 23:59 | 778974 Aristarchan
Aristarchan's picture

Wait...are you suggesting that I: make...an...honest..living? How quaint.

Sun, 12/05/2010 - 00:51 | 779028 Topher
Topher's picture

I bought 30oz. Today! From Westminster

Sun, 12/05/2010 - 10:15 | 779371 Thunder Dome
Thunder Dome's picture

$28/oz for silver and you are bragging about it on ZH.  What a lemming and fool you are.

Sun, 12/05/2010 - 13:19 | 779559 chopper read
chopper read's picture

i do not believe he is bragging.  i believe he is vocalizing that he is doing his part, and i admire that.  in fact, the more folks that buy small amounts, the better.  this way, nobody can get vastly 'burned' if 'the plan' does not materialize.  the economies-of-scale take over, however, as it relates to placing pressure upon the international banking cartel. 

the more enthusiasm the better, unless you work for JP Morgan.

 

http://www.zerohedge.com/forum/fiat-paper-bubble-run-your-lives

http://www.zerohedge.com/forum/plot-enslave-you

 

Sun, 12/05/2010 - 20:59 | 780551 honestann
honestann's picture

Take a $20 bill and $10 bill and lay it on the table before you.

Then take a 1oz Canadian Maple leaf and set that beside them.

Now, which do you think has more intrinsic value?

Conventional humans who have their heads stuck up the butt of the predator class are so amazing.  Even when approaching the edge of a once-a-century catastrophe, these morons defend absurdities of the highest order.

Here's another suggestion.  If $30 per ounce is insanely expensive for silver, why don't you go outside, dig up some dirt, make your own 1oz silver coins, and trade them for toilet paper with $30 printed upon it?  Go ahead... be consistent... show us how much cheaper than $30 you can create 1oz silver coins.

We are waiting...

Mon, 12/06/2010 - 03:40 | 781434 chopper read
chopper read's picture

vividly well put!!

Sat, 01/22/2011 - 17:37 | 896226 dark pools of soros
dark pools of soros's picture

'making it rain' on strippers with silver coins tends to break the mood

Sat, 01/22/2011 - 21:51 | 896534 GoinFawr
GoinFawr's picture

I believe in Canada they toss loonies at their 'Ballets', I hear the dancers don't seem to mind. I think those coins are composed of a nondescript metal blend of some sort, so you might well get a 'Happy Ending' in the Great White North if you were to shower Candy with 1967 Silver Geese, eh.

Sun, 12/05/2010 - 00:51 | 779030 Topher
Topher's picture

I bought 30oz. Today! From Westminster

Sun, 12/05/2010 - 04:39 | 779223 JLee2027
JLee2027's picture

Since everyone is pumping their web site, here is mine. I sell rare silver dollars:

www.JackLeeCoins.com

Sun, 12/05/2010 - 11:16 | 779417 yabyum
yabyum's picture

Jack, I've got a few cartwheels that are worth more than the melt,but most 1921-22 Morgan/Peace. I may not look like much of a pimp but w/four  of these in the pocket I sound like one.

Sun, 12/05/2010 - 05:32 | 779250 honestann
honestann's picture

I hope everyone realizes the slime at JPM aren't stupid.  They've been holding the price of silver [and gold] down on behalf of the FederalReserve and government of the USSA, to bolster the value of the fiat, fake, fraud, fiction, fantasy dollar they spew by the trillions.  Whatever JPM loses suppressing silver and gold, their predator pals compensate.

At some point, this game will end, either because positions limits are imposed (required sometime in January by congressional mandate), or because it just become futile.

At that point, JPM knows better than anyone that they've been applying a few million tons of force on the spring-loaded price of silver [and gold].  They know what will happen if they liquidate all their positions... as in KABOOM.

So you can be certain of one thing.  However many short positions they have, when they decide to switch the game, they'll buy 2x, 5x, maybe even 10x as many long positions as they have short positions today.  They will do this because they can be 100% certain that doing so will make them tens if not hundreds of billions of dollars in very short order.

So these villians who have been manipulating the market down like crazy for years, will manipulate that market even more upward, and easily gain far more profits than anyone else can... because they know exactly when they intend to release that spring, and light the rocket booster with their longs.  And they'll be doing this will massive leverage, and with money given to them at 0% interest rate by the same predators who have been paying them to hold the price down.

Of course, this sucks.  Still, make sure you are loaded up with long positions yourself, so at least some of us can also gain for being on the right side of this trade.

Sun, 12/05/2010 - 08:48 | 779322 Snidley Whipsnae
Snidley Whipsnae's picture

JPM et al have been short because the Fed wanted them short. Manipulating the PMs down to make the dollar and other fiats look better was the goal.

What makes you so certain that the Fed will provide JPM free dollars to go long the PMs?

I don't see the Fed and other central bankers providing free fiat to big bullion dealers to enter long PM postitions, trashing the central banks fiat currencies.

I could be missing your point, please explain.

Sun, 12/05/2010 - 15:57 | 779853 harveywalbinger
harveywalbinger's picture

I disagree with you.  I'm with Ann.  Your argument is based on an assumption that the Fed actually works on behalf of protecting the US dollar. (after watching what they do, it sounds ridiculous doesn't it).  The Fed does not recognize any nationality. Fed governers are essentially diplomats representing a foreign country known as "The Federal Reserve".  No shit. 

The dollar has lost some 98% of it's purchasing power since the Fed seized control of money.  So the dollar finds its intrinsic value...  Do you think the Fed cares?  Actually they do care.  But they inflate because that's what the Globalists want.  They want to crush all fiats and force all into using a new uber-fiat. 

All facilitates & expedites the move to a new global monetary unit.  Perhaps the end game currency will be the 'new dollar'(TM) , or the Chinese Yen, or perhaps most llikely it will be the SDR. 

I saw this link posted in comments on another ZH article yesterday.  Check it out.  It will help understand what everyone of us proles is up against. 

http://www.csper.org/

I hope JPM is crushed too, but I fear that would only occur if it were deemed an acceptable way to placate the lower strata of society (us).  I agree you are foolish if you do not get yourself squared away in terms of beans, booze, bullets, etc... but we should all probably accept that in all liklihood, this is a game that you cannot win. Game over man. 

Mon, 12/06/2010 - 06:19 | 781546 destraht
destraht's picture

I'm of the opinion that the elite banking/power families are trying to do a balancing act between keeping the Euro currency intact and keeping the largest military in the world from disbanding. They need this military to carve up the Middle East and they need the Euro to remain alive so that the idea of larger and larger regional currencies remains valid. The dollar be damned after the military has done its job. Then the US can be allowed to all out fail.

Sun, 12/05/2010 - 20:51 | 780510 honestann
honestann's picture

Simple.

JPM can borrow money for near 0% without explaining what they intend to do with it.  They do this almost every day.

How simple can you get?

Sun, 12/05/2010 - 10:59 | 779405 Arius
Arius's picture

"So you can be certain of one thing.  However many short positions they have, when they decide to switch the game, they'll buy 2x, 5x, maybe even 10x as many long positions as they have short positions today.  They will do this because they can be 100% certain that doing so will make them tens if not hundreds of billions of dollars in very short order."

but really HonestAnn who will sell to JPM 2x, 5x and 10x?  the only reason they are in this deep hole (and i feel bad for these smart people to corner themselves so badly), its because NONE else will sell at these prices...so, good luck to them...

Sun, 12/05/2010 - 13:24 | 779571 chopper read
chopper read's picture

(and i feel bad for these smart people to corner themselves so badly)

 

i know that you meant this sarcastically, right?


http://www.zerohedge.com/forum/fiat-paper-bubble-run-your-lives

http://www.zerohedge.com/forum/plot-enslave-you

Sun, 12/05/2010 - 20:49 | 780503 honestann
honestann's picture

Excellent links.

I don't think most people can imagine how revolting the state of affairs is to people like you, me and others who have unraveled "how the post-1913 world works".

Amazing to see sheople defend these predators.

Mon, 12/06/2010 - 03:45 | 781437 chopper read
chopper read's picture

thank you.

agreed, honestann.

Sun, 12/05/2010 - 21:03 | 780577 honestann
honestann's picture

To be sure, the more long positions JPM buys, the higher that drives up the prices, and the more JPM would need to pay for additional positions.  True enough.

However, since they get in first at every price level, they totally clean up... far more than anyone else could.

Sun, 12/05/2010 - 15:39 | 779824 Diogenes
Diogenes's picture

It seems likely that before this reversal takes place, some insiders will be buying call options on gold, silver and mining stocks like crazy. So the thing to do is watch the volume of those options for an advance warning.

Every market moving  op has been preceded by such option purchases.

Sun, 12/05/2010 - 16:21 | 779883 JLee2027
JLee2027's picture

I don't see JP Morgan being able to acquire vast amounts of physical Silver and Gold. It's just not out there. Gold is now being hoarded and bought by Central Banks, especially in Asia and soon in Europe and here. JP Morgan isn't going to fight that battle and win. So Gold is out. 

According to Ted Butler (and others), JP Morgan is short 3 billion ounces of silver. That's a problem because there are only an estimated 1.2 billion ounces of silver available.  In the case of silver, at $30 an ounce, Bill Gates, whose estimated net worth is 54 billion, could buy every ounce of above ground silver on the planet and still have nearly 20 billion fiat left.

So, yes, they are crooked at JP Morgan and they will eventually have justice served on them.

Sun, 12/05/2010 - 20:39 | 780443 honestann
honestann's picture

Correct, JPM will not be able to acquire vast quantities of physical silver and gold, if "vast" means "more than the world supply".  However, they can acquire a large percentage of what is available, and they will be quite happy to settle for cash for the rest of their winnings.  That's why I said they'd "earn" (actually, "steal") 10s to 100s of billions of ===>> dollars <<=== (not metal).

However, they can turn right around and buy futures contracts to buy world crashing piles of all other real, physical goods with the dollars they receive, and thereby lock up ownership of vast real wealth.  And it ALL happens because they have this manipulation game running now, and because they can get infinite money at 0% from their co-conspirators at the federal reserve.

To imagine "JPM will have justice served upon them" is absurd.  This indicates you did not read my message very clearly... and/or do not understand what I described just above.  Actually, it seems JPM has already started to hoard world copper supplies in exactly this manner.

The only way JPM will suffer at all is if the federal reserve is totally shut down, and then JPM is shut down for the endless criminal actions they take.  The current system makes it 100% legal for them to buy 100% of all commodities on the face of the planet (via their access to 0% loans from the federal reserve and the inherent 10x~40x leverage of futures contracts).  Obviously that drives prices through the roof, and JPM can then sell bits and pieces of "their" commodities to the highest bidder.

Make no mistake.  At this point in history...

It's either them or us.

They are the predators.  We are the producers.

Mon, 12/06/2010 - 06:22 | 781548 destraht
destraht's picture

The price goes up on an exponential scale if you are talking about buying all of something.

Sun, 12/05/2010 - 06:50 | 779276 nontaxpayer
nontaxpayer's picture

I've been happy buying Eagles from Vatea in Germany via eBay.de. Don't know if they can do any volume but are very reliable with small purchases, payment via paypal. Prolly need to step up a bit, been concentrating on phys gold lately.

Sun, 12/05/2010 - 10:09 | 779361 Clapham Junction
Clapham Junction's picture

See the movie "The Road."

All this fear mongering does is drive the price of silver up, which will be relatively useless in an apocalyptic setting.

Water, food, G and A more on the right track.  Oh, and a large group of very tight-knit friends will be priceless.

Barter? Are you kidding?  Force will be the way of doing, er, business.

Sun, 12/05/2010 - 10:52 | 779395 kadriana288
kadriana288's picture

What do you buy after you have a well stocked pantry, ammo, solar panels, etc?

Sun, 12/05/2010 - 12:36 | 779495 I_Rowboat
I_Rowboat's picture

A root cellar

Hand tools and battery-powered tools, with a means of recharging them.

A sewage system that doesn't require electricity of any sort.

A house or other living structure that is humble enough to not draw attention to itself, is watertight, and can be heated with very little energy.

At least 5 acres of fertile land with access to irrigation of some sort (springs or streams being the best), seeds, and the patience to figure out what to do with them.  Club root and leaf-rust aren't going to diagnose or cure themselves, so you'd best begin learning about these things before you have to actually live with (or die from) the results. 

A 10 to 20-acre wood lot.

Maybe a shipping container full of barterable and essential goods:  duct tape, plastic bags, Chlorox, iodine, bandages, toilet-paper, condoms, tampons, pencils, candles, mirrors, "how-to-" books on things like preserving foods, butchering animals, and the like.

Lots more.  All of these things should be owned outright - not on credit.  At least not with a "lending institution"

 

The canned goods and ammo strategy has a very short half-life.  Assuming you want to go on living, you'll have to plan beyond the first few months.

Sun, 12/05/2010 - 14:37 | 779700 Hulk
Hulk's picture

Humanure, I_Rowboat, its whats for dinner!
http://humanurehandbook.com/   

Placing it in the ground is a waste and just contaminates your ground water...very cheap solution.

Sun, 12/05/2010 - 15:35 | 779819 Hulk
Hulk's picture

Congrats to the Bronx zoo. Note that I am not advocating composting toilets, way too expensive and illegal in some areas. All our composting is done out of doors

http://www.cabelas.com/product/Luggable-Loo-Toilet-Seat-and-Bucket/714054.uts?Ntk=AllProducts&searchPath=/catalog/search.cmd%3Fform_state%3DsearchForm%26N%3D0%26fsch%3Dtrue%26Ntk%3DAllProducts%26Ntt%3Dlugable%2Bloo%26x%3D0%26y%3D0&Ntt=lugable+loo

Sun, 12/05/2010 - 16:38 | 779921 Temporalist
Temporalist's picture

Just pointing out there are other solutions and agreeing with you.

Sun, 12/05/2010 - 16:57 | 779953 Hulk
Hulk's picture

Agreeing with you too...

Sun, 12/05/2010 - 15:41 | 779820 Hulk
Hulk's picture

dup post

Sun, 12/05/2010 - 16:40 | 779924 I_Rowboat
I_Rowboat's picture

Ah, yes.  "Nightsoil" - the reason midaeval peasants boiled everything for hours, lest they be visited in the night by evil winds and deadly humours.  At least we understand germ theory now.  I trust myself to make reasonably safe compost from human shit, but I'm not sure I want everyone around me to give it a go.  Certainly not the WalMart shopper slobs who cannot even bother to dress properly before going out, and who's greatest dreams include making payments on a TransAm before Jeebus comes back to collect the righteous.

We'd really be in a world of shit, then.

Sun, 12/05/2010 - 16:59 | 779957 Hulk
Hulk's picture

Not nightsoil, which is uncomposted or untreated shit spread on fields. Would never do this. The composting process destroys every pathogen known to man and is very easy to learn how to do...

Sun, 12/05/2010 - 14:53 | 779740 delacroix
delacroix's picture

woodstove, good medical kit, three wheeled bicycle

Sun, 12/05/2010 - 10:49 | 779392 Pringsh Peensh
Pringsh Peensh's picture

I HAD NO IDEA JP MORGAN was the bank behind APMEX. Son of a bitch.

Tyler...can you run a big 'ol story on who's who and what's what...???

Sun, 12/05/2010 - 13:11 | 779551 bigredmachine
bigredmachine's picture

 you have gathered to perpetuate the  disillusion,

ultimately, you gather will to console.  

Sun, 12/05/2010 - 13:38 | 779590 gmak
gmak's picture

Don't the settlement rules now permit paper to be delivered instead of physical?

Sun, 12/05/2010 - 14:02 | 779637 Hulk
Hulk's picture

Great gold article here, excellent analysis and a must read:

http://www.ritholtz.com/blog/2010/11/brodsky-on-gold/

 

Sun, 12/05/2010 - 16:19 | 779887 harveywalbinger
harveywalbinger's picture

Fuck Ritholtz.  He's a mobster shill for the mob PTB.  

http://www.deepcapture.com/podcast-barry-ritholtz-tale-of-two-media/

Sun, 12/05/2010 - 16:40 | 779926 Temporalist
Temporalist's picture

The link is:

Paul Brodsky’s comments delivered to:
The BCA Fall Investment Conference

Sun, 12/05/2010 - 16:55 | 779950 harveywalbinger
harveywalbinger's picture

My apologies. 

I just can't help but hate Ritholtz.  He's sooooo sleazy... Anytime I see his name in print, I feel a need to inform others of his gig as guardian of the status quo (i.e. apologist/protector of TPTB). 

Sun, 12/05/2010 - 17:01 | 779962 Hulk
Hulk's picture

Thanks for the warning!

Sun, 12/05/2010 - 15:30 | 779809 Honest_Money
Honest_Money's picture

I visited my dealer in Kansas City yesterday.  He said that silver eagles are selling like crazy.  I took another 20 out of circulation. 

Sun, 12/05/2010 - 15:39 | 779816 hugomarch
hugomarch's picture

Re: One also needs to question the goldsilvergold.com cartoon's historical 16:1 gold/silver ratio premise (that silver is cheap right now in relation to gold).  This doesn't take into account what could be a gold bubble. What's the transaction cost - 17 percent whether you buy one silver maple or 1000?!  Then lose another 17 percent when you go to sell?! Not to mention, the chart on silver is parabolic the past 4 months.  Do trees grow to the sky now?  Not to mention, once you are sitting on your pile of silver and gold you then have to invest another $600 in a Glock to protect your stash.  Anyway, just a thought. 

Sun, 12/05/2010 - 16:25 | 779897 JLee2027
JLee2027's picture

Gold bubble? Debt Bubble - 40 years long. Lawyer bubble - 50 years long. Gov't Employee bubble - 70 years long.

Gold? Only at 10 years and is a result of the other bubbles. No bubble in Gold, this is a reaction to a system that is breaking down. In fact, broke down in 2008 and is on life support ever since.

Sun, 12/05/2010 - 17:11 | 779979 technovelist
technovelist's picture

Let's see. Kitco sells a 100 oz bar for $3,025.00, and buys it for $2,923.00. That's a spread of about 3.5%, ROUND TRIP, not 17% each way. So you are off by a factor of 10.

Of course, there is some shipping cost, but that shouldn't be more than $100 both ways, which would add another 3.5%, for a total of 7%. You're still off by a factor of 5.

Other than that, a very clever comment.

Sun, 12/05/2010 - 17:58 | 780059 Dr. Gonzo
Dr. Gonzo's picture

Oh Great. So now the JP Morgue has focused all it's effort to corner the copper market to distract and trick everyone from it's massive short silver position. Commodities will now be cued to rise since they are essential to every day survival and people will sell silver since the dollar will be perceived once again as the currency of 1st resort to buy said commodities...Oh wait. Silver IS an essential commodity just as much as copper? You can't run a high tech world without consuming lots of silver? Never mind. They're still fucked.

Sun, 12/05/2010 - 18:20 | 780093 Dr. Gonzo
Dr. Gonzo's picture

If the JP Morgue does decide or is forced to reverse it's short position it can't make money doing so. It's still the custodian of SLV which owns 350 million ounces of ficticious silver. In order for them to break free of their SLV shareholder obligations the COMEX would have to default... Due to the JP Morgue's own illegal manipulation! How on earth could they explain this away in a court of law? They are on the hook for a lot of silver and no one is going to sell it to them for cheap.

Sun, 12/05/2010 - 19:35 | 780243 Pringsh Peensh
Pringsh Peensh's picture

I thought SLV was via HSBC...I'm only a few months into all this, so correct me if I'm wrong. Trying to learn not earn a blast.

 

 

Sun, 12/05/2010 - 20:42 | 780467 Dr. Gonzo
Dr. Gonzo's picture

HSBC is the custodian for GLD...an index fund that invests in ficticious gold and sterilizes the money of the stupid and lazy proles who think they have bought a safe claim to gold but really just helped supress the price. Like the JP morgue it has large short positions of gold on the COMEX. The price discovery of things happen at these exchanges. The volume is 100 times as large as the physical market and dominated largely by speculators.

My car runs perfect until it is out of gas. Then it dies. The same thing might happen at the big exchanges. Depends on how much gas they have left in their tank and if they can get to a gas station that sells petrol for ponzi dollars. The U.S. dollar has been the longest fiat scam in world history. They usualy don't last long. History tells us that we are way overdue for some kind of default...followed by confiscation, war, capital controls or all the above. 

Sun, 12/05/2010 - 19:51 | 780293 Scipionz
Scipionz's picture

Sorry for my ignorance but if I buy physical silver bars, where can I sell those back when I fell like to? Thx all!

Sun, 12/05/2010 - 22:36 | 780892 mogul rider
mogul rider's picture

Between Wkileaks rasing shit everywhere,

The Bernank taking one from Germany,

Everyone buying 1 oz maples and eagles,

gold and silver going parabolic on Friday,

gold and silver shorts filling theirs,

 

it truly appears that the NY and Washington scum had a terrible shitty week.

Keep on truckin and lets give JPM and HSBC the final coup de gras this week.

 

Sun, 12/05/2010 - 22:39 | 780915 mogul rider
mogul rider's picture

Give a 1 ounce silver maple or Eagle to your loved ones this christmas. Instead of standing in line to run over little old ladies at Walmart go to the sites recommended here and crash the system.

With every silver you buy you'll drive the price ever higher. All the while the Bernank take out window line up will grow ever longer.

The perpetual motion machine will take care of the rest.

 

Peace brothers and sisters - you made a difference today

Mon, 12/06/2010 - 02:04 | 781121 Scipionz
Scipionz's picture

double,,,,

Mon, 12/06/2010 - 04:19 | 781472 The Navigator
The Navigator's picture

As much as I'd like to see JPM go down, what's stopping The Bernanke printing another $9trillion and loaning it to JPM, again without a word to Congress or the American people?

My contribution this month was $2,875 in purchases of mainly MS64 & MS65 Morgans - beautiful coins.

Mon, 12/06/2010 - 07:21 | 781568 PrDtR
PrDtR's picture

Are you SURE it's his avatar?  Does he own the copyright to this "web photo"? 

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