Think Or Swim Hikes Silver Margin To Double That Of CME

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Sun, 05/01/2011 - 23:29 | 1227638 slow_roast
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I used to respect TOS; now I wonder who's dick they're sucking.

Sun, 05/01/2011 - 23:36 | 1227708 whatsinaname
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have been keenly waiting for a pullback. any suggestions on good reliable places to get physical silver ?

Sun, 05/01/2011 - 23:48 | 1227811 slow_roast
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How much do you want to spend?  If it's less than $20-30k use Gainesville, Monarch Preciousl Metals, Provident, or APMEX.  I prefer Gainesville as their prices are usually the best.


Tulving gets most of my money now.  Their premiums, policies, help, and everything are great.  If you want 500oz Ag or 20oz Au they're the go to guys.

Mon, 05/02/2011 - 06:22 | 1228592 jclarkv
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Ditto Tulving. They only sell what they have in their warehouse. No delivery times to be names later.

Mon, 05/02/2011 - 08:31 | 1228848 MarketTruth
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+1 Tulving.

Mon, 05/02/2011 - 12:17 | 1230127 skeptik
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Try nucleo exchange at bullion direct for the best prices

1% transaction fee plus shipping/handling

Sun, 05/01/2011 - 23:53 | 1227856 strannick
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Ditto Tulving

Mon, 05/02/2011 - 08:26 | 1228828 Firing Pin
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Don't forget TMG (; usually among the lowest in premiums for small-med. orders. Tulving is good for big orders ($25K +)

Mon, 05/02/2011 - 08:00 | 1228766 Stonecold
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Farr Financial

Silver margins are currently at 1.5 times the exchange minimum. 
Day trade margins are not available in the silver market.

Sun, 05/01/2011 - 23:32 | 1227641 fuu
fuu's picture

Wow, the desperation is getting thick. 4 hikes in 1 week, 5 in the last 2. $50 must be vulnerable.

Mon, 05/02/2011 - 00:17 | 1228015 Ergo
Ergo's picture

Wow.  That's the Ameritrade platform.  Wipes out all small time speculators, who used that platform after getting out of their 401k's.  Talk about screwing over their clients.

I recall that during the depths of the fiscal crisis, Ameritrade went off line for some reason.  Guess it's not a good place to keep ones coin. 

Sun, 05/01/2011 - 23:29 | 1227645 lolmao500
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Those freaking bastards.

Sun, 05/01/2011 - 23:38 | 1227702 Gold 36000
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you killed kenny!

Sun, 05/01/2011 - 23:41 | 1227729 tmosley
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Oh my God!


Sun, 05/01/2011 - 23:33 | 1227648 The Axe
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Never bring a knife to a gun fight...Tyler

Sun, 05/01/2011 - 23:57 | 1227866 strannick
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Unless that knife is sterling silver

Mon, 05/02/2011 - 00:06 | 1227932 Strike Back
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and the gun is an FRN

Mon, 05/02/2011 - 05:58 | 1228575 Hephasteus
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It'll be a gun in only 6 more easy payments of 29.99 a month.

Sun, 05/01/2011 - 23:32 | 1227665 6 String
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The lower silver goes the faster the physical inventory merely gets depleted. It's a very bullish thing for longer term silver investors.

The paper game is just that, a game. Played long enough they simply lose. The faster they push silver down the faster COMEX gets fucked.

Sun, 05/01/2011 - 23:39 | 1227714 Gold 36000
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chirp chirp says the lone cricket then silence.

Mon, 05/02/2011 - 02:23 | 1228386 silverstud
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well even, if I speak for myself, there are now at least two crickets going out and buying physical today "chirp, chirp, chirp"

The Perth Mint was so busy I could not get through on the phone - had to buy through my online account. "chirp, chirp"

Ozzie Scott


Sun, 05/01/2011 - 23:47 | 1227799 disabledvet
disabledvet's picture

in theory.  in practice "you need cash to trade silver."  since there is oceans of silver out there that's the way it "shouldn't be" however.  obviously "it's impossible to raise margin requirements on gold."

Mon, 05/02/2011 - 00:47 | 1228137 FIAT_FixItAgainTony
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damn, the "oceans of silver" by me have evaporated into scratch and dents, worn to hell or nice and 20%+ over spot.

checked apmex earlier today and i saw zero ase's available from 2000 to 2009.

guess that's why they were looking to buy them +$3.

my coin guys have been selling gold, since silver is so scare around here!

consider yourself blessed you have local availability.

Sun, 05/01/2011 - 23:51 | 1227824 Doña K
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It is a desparate move on their part. It will backfire as any sane person will realize that the margin is as high as geting the real thing in your hands. So yes, more traders will switch to buy and hold, which will create shortage of physical.

Additionally, industries that use the stuff will find it less volatile to hedge with physical. Hence no matter how you slice it, it will get hard to buy physical. They know it, but they are snookered.

Viva los federales /sarc

Sun, 05/01/2011 - 23:35 | 1227696 Gold 36000
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wow some people is going to take it up the kazoo there sure were a lot of dumb posts recently from people just getting into the market if any of those guys were real and even dumber posts from people saying they are going to buy more silver at 42 and 45 I do not know what to think about that.  Did you guys really encourage the dumb fuckers who just now noticed silver to buy in the high 40's?  Whenever I see people saying silver 250 and even banner ads for silver 250 on zero hedge then something is going to happen and it probably is not something good.

Sun, 05/01/2011 - 23:44 | 1227775 tmosley
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Why not?  I'm still buying.

And I don't know how many times this needs to be said--Zerohedge is NOT THE FUCKING STREET.  Stop pretending like it is, and using the sentiment here as a contrarian indicator.  If you could do that, then silver never would have gotten past $20.

Use ZH as a contrarian indicator at your own peril.  The peril is the same as taking a gun that you have been told by several people is loaded, turning off the safety, putting it to your head, and pulling the trigger.  Maybe you will be lucky, but probably not.

Also, the banner ads on ZH are contextual, and are controlled not only by the content of the page, but by your own cookies.  If Cramer is mentioned in a thread, ads for "Trading with Cramer" or whatever will pop up, even if they are calling his a dumbshit cockmaster.

Sun, 05/01/2011 - 23:48 | 1227813 disabledvet
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never done this before here but: ++

Mon, 05/02/2011 - 00:47 | 1228145 FIAT_FixItAgainTony
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glad i use ad blocker +, i never see any third-party ads on any sites!

Sun, 05/01/2011 - 23:53 | 1227857 Doña K
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@Gold 3600.

Only a temporary setback, especially when we are talking physical. 

Sun, 05/01/2011 - 23:56 | 1227881 strannick
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I dont know which is harder to believe, that $250 silver is coming, or that 73 USDX is still here.

Mon, 05/02/2011 - 00:48 | 1228147 FIAT_FixItAgainTony
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LOL.  agreed.

Mon, 05/02/2011 - 00:40 | 1228115 fonestar
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Yeah I am one of those "dumb fuckers" who was buying at $16/oz, buying at $30/oz and buying at $45/oz too.  Do you know when I am going to stop buying?  When all four conditions are met:


1)  The Federal Reserve is no longer in charge of monetary policy.

2)  The US Treasury market has been totally and completely anhilated.

3)  Any and all attempts to manipulate PM's markets has ceased.

4)  The stock market is no longer used to measure the real world economy.


So what's your point dipshit??

Mon, 05/02/2011 - 01:03 | 1228192 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

absol-f-n-lutely.  it's the value and number of ounces at the end of the day.  the alleged frn price is pretty much irrelevant, other than to know if you have enough of them to make a purchase.

i bought at $11, $13, $15, $16, $17, $18, $19, $21, $22, $24, $26, $27, $28, $30, $32, $33, $34, $35, $36, $42 and $46 acording to my logs.

right now i see a dip to buy, but:

a) my local market is pretty much out of silver.

b) no frn's in wallet because my last purchase was gold actually!

i will continue to buy as i can/need to.

paper ponzi ends someday and it will one hard crash!

remember, corporatists (fascists) run this formerly free country!

i agree a minimum of 4 things must end just like fonestar said.

Mon, 05/02/2011 - 02:28 | 1228393 silverstud
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even "small" auction houses like South Africa's Bid or Buy are now experiencing growing premiums on the spot. Hell, a year ago I was buying hundreds of South African silver crowns with half an ounce of silver for seventy rand... now I can't get them for under two hundred rand.. when they actually come up for auction!

That's reality... not this crap called naked shorts.

Ozzie Scott


Mon, 05/02/2011 - 08:08 | 1228782 Hephasteus
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I told you it's coming from everywhere. It's in every country in every place.

Who are they figting. Everyone.

Mon, 05/02/2011 - 01:06 | 1228211 no2foreclosures
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And a fifth condition: When you get 3 people calling and telling you on the same day to buy silver.

Mon, 05/02/2011 - 01:07 | 1228212 Teamtc321
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The first present I bought my son in 1986 when he was born was physical silver. So some people are looking at years there dipshit, not tonight or next week.

Guess Im a dumb fuck to, oh well. I can sleep tonight I'm sure.


Mon, 05/02/2011 - 01:24 | 1228258 RafterManFMJ
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Hell, I like you. You can come over to my house and fuck my sister.

Mon, 05/02/2011 - 07:10 | 1228650 spelledwrong
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You climb obstacles like old people fuck.

Mon, 05/02/2011 - 07:49 | 1228733 Papasmurf
Papasmurf's picture

I was buying gold at $362. Where were you?

Mon, 05/02/2011 - 07:50 | 1228737 Mec-sick-o
Mec-sick-o's picture

At least by ratios, Silver is still cheap vs Gold and other metals.

Sun, 05/01/2011 - 23:35 | 1227700 monopoly
monopoly's picture

They are running scared, that is for sure. When this reverses, look out. Going to be interesting.

Sun, 05/01/2011 - 23:36 | 1227703 TaxSlave
TaxSlave's picture

Drop, drop!  Waiting to BTFD.  Junk, please. (As in quarters and dollars.)

Sun, 05/01/2011 - 23:36 | 1227705 natty light
natty light's picture


Sun, 05/01/2011 - 23:37 | 1227717 Captain Benny
Captain Benny's picture

Oh man, we're setting the stage for the mother of all squeezes.   Lets just keep stepping it up toward a cash-only market and get it done with.

Mon, 05/02/2011 - 00:38 | 1228114 cossack55
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Roger that. Take it to 100%, fuck a weak hand.

Sun, 05/01/2011 - 23:37 | 1227724 Gold 36000
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Die you silver longs die!

Sun, 05/01/2011 - 23:45 | 1227789 penisouraus erecti
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Mon, 05/02/2011 - 00:39 | 1228118 Ahmeexnal
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Hilarious Clinton.

Mon, 05/02/2011 - 01:26 | 1228263 Rynak
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You know, when you make posts that can alternatively be viewed as sarkasm, i actually like them for a good laugh :) NOT junked.

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