Golden Mind Games.
<a href="http://www.zerohedge.com/article/why-are-silver-sales-soaring">Why Are Silver Sales Soaring?</a>
"Is the rush into "poor man's gold" underway? Why the answer to that question is significant is that a shift toward silver for this reason could signal we're inching closer to the greater masses getting involved in the precious metals arena."
Or not signal it. You can be better sure of such a theory with more evidence, certain demographics. The <a href="http://www.usmint.gov/mint_programs/?action=american_eagles">US Mint</a> does not require ones yearly income report in order to buy coins but they do possess all their customers names and addresses for delivery of the physical product.
To be sure, you need to obtain all those delivery zip codes (giving out their customers zip codes is not any violation of customers privacy). It's not definitive but it will give you a HUGE lead on who is buying the silver coins because there are current records available on per capita income by zip code.
Once you get the zip codes from the US Mint you will be better able to see if Joe Sixpack is doing this in poor America or the upper crust doing it in high end zip codes.
Until then it's a theory. The elite can imitate a resurgent interest in the general public in buying silver. All the elite has to do is just gobble up a lot of it in the deep end of a recession and with no proof of who is buying it they can just start a campaign saying that Joe Sixpack who has been financially broken over the past 10 years, who is in foreclosure, who is losing his car, who is paying huge increases in food and energy, who is suffering chronic unemployment, who is living on unemployment compensation and food stamps, who has a zero savings rate is suddenly whipping out the big guns to acquire 29,134,000 American Silver Eagles in a year.
That's what I think is going on but need substantial proof to support my theory.
US Mint 2009 Silver Eagles Sell Out
<a href="http://www.coinnews.net/2010/01/12/us-mint-2009-silver-eagles-sell-out/">"December was a huge month for the bullion eagles, which capped a year in which a record-breaking 28,766,500 were sold. The latest available tally for January Mint sales show another 367,500 were scooped up, bringing the total 2009-dated Silver Eagle bullion coins sold to just over 29 million at 29,134,000 - by far the most ever for the silver coin since it was launched in 1986."</a>
Once the elite gobbed up the silver, if they are the ones behind this, that demand drove the price up after the fact, then the rest of society starts buying it at an increased price, and the ones who gobbled it up are the ones selling to to those who were duped into thinking this is a resurgence and think it's a good value so they start aping others (others that may not even be doing any of this) but it's a triangle with the gobbler/seller occupying two points of the triangle.
With the current state of the economy Joe Sixpack is doing good to have enough discretionary money to buy a six pack.
Question: If Joe Sixpack has discretionary money to blow on gold/silver, why doesn't he just buy silver/gold instead of a silver coin that costs more to acquire than the actual silver weight value of the coin because if the US Mint produced these things and sold them for what it cost them to make it or sold it only for the weight value of the coin they are not making any profit (unless gold increased dramatically in the interim)?
I don't think the collective Joe Sixpack is the one breaking the production limit of the US Mint for American Silver Eagles.
Simply put, he can't afford it.
The zip codes will hint to which demographic is doing this. To the best of my knowledge there are 43 buildings of the elite in New York that have their own assigned zip codes.
My theory? Joe Sixpack isn't behind this rush yet if he is it is after the fact of being set up, he is only robbing himself blind, flushing money down the toilet and feeling good about it. That's the way we Americans live is if we aren't being robbed blind, gouged and lied to on a daily basis we don't feel good and get depressed.
If the $ hopelessly crashes and it most likely will or if hyper inflation sets in and it will before the collapse, no one can go to the grocery store, or the utility company with a pocket full of gold and silver coins and expect to pay their bill.
That gold and silver will be subject to the value of the collapsed or hyper-inflated dollar along with the face value of the coin.
You will either have a handful of scrap metal or your personal supply of gold and silver coins will be eaten alive by $8 for a gallon of milk or $10 for a gallon of gas.
Inside of our borders, the value of that gold and silver coin is pegged to the strong, collapsed or hyper-inflated dollar. For the gold in the hands of Joe Sixpack to have any real value as a hedge or an asset in a collapse, we would have to adopt another currency, and rather quickly to. If the dollar gets so bad it is worth .01/100 then the value of an ounce of gold in hand will correspond to that.
Gold has no value in and of it self, it is glorified dirt, but it's value is based upon one currency or another.
It has been discovered that the gold vaults of the UK and Canada are empty, it was sold off plus some reported gold sellers aren't really selling gold since they don't have any, they are selling pieces of paper in place of the physical gold and charging storage fees on the non existent gold.
Can gold dealers go on the premise of "fractional reserves"? If not then I think they are just galactic sized frauds and belong in a prison.
Our money is no longer backed up by gold bars but the gold bars are backed up with fiat $'s because the gold is worth $'s and nothing else inside our borders (yeah you could could swap it out for the currency of another nation but you can't spend that here and would secondarily be stuck with going to the airport or the bank to exchange it for $'s then you're still screwed anyway plus you're minus all the fees), the same devalued money that is reflected in inflated gold prices because far more devalued dollars are needed to buy an ounce.
I think that greatly increasing gold prices is a critical alarm bell of a collapsing dollar.
I think the rise in gold prices is not because the gold has become worth more or because it may be more rare than it was yesterday or because there is more demand for it but BECAUSE THE DOLLAR HAS LOST SO MUCH VALUE that it takes more $'s to buy an ounce of gold. INFLATION.
The gross inflation can be disguised across the board by massive amounts of propaganda (including the deceived spreading the propaganda without ever being aware that this is what they are doing) saying that gold or silver is gaining in popularity and is more valuable and worth buying and a good hedge then people who bit that hook are going off half cocked to buy gold at 1k or more per ounce to someone who long ago paid a few hundred dollars and ounce.
Then the economy recovers (when the power brokers choose it to recover and not before), they seller has a fist full of strong dollars and you are left with devalued gold. A massive rip off of a societies financial resources. Then after the economic recovery and the $ becomes stronger and after the price of gold goes down accordingly for lack of demand, the former seller takes a part of that 1k that they got for the ounce of gold and starts to quietly stock pile gold all over again at a low rate while they pocketed the difference.
I think that the last thing that big time gold investors want at this point and are secretly opposed to is any type of economic recovery because that will only mean that over the past few years, the profit that they are making off of gold IS LOST because if and when the $ ever becomes strong again the price of gold will plummet because with strong $'s there no need for any gold or silver hedge therefore there's not that much interest in it any more so the price goes down.
As such, it is my opinion, the big time gold and silver investors have every reason and motivation not to cooperate with or even to sabotage any effort at economic recovery because if the economy does recover and the dollar becomes strong again, their gold selling business dries up. I have this opinion because for many years I have seen many things going on that are excused away and rationalized away in some form or another as un-doable when they are not un-doable, it's a refusal to do it colored with excuses and rationalizations because these doable things would inevitably cause or greatly contribute to economic recovery.
One of those signs is lenders not lending. The banks got all those billions or trillions dollars in bail out money, they recovered nicely with huge bonus' for the boys across the board but they did not go back to the duties of lenders.
That is the primary weapon at the moment, not lending, among other things.
I firmly believe that there will be no economic recovery until they have unloaded enough gold at 1k+ per ounce that they got a low prices because once that is exhausted, their vaults empty of this metal, is when the tables will be turned on all the Joe Sixpack's that were taken to the cleaners into buying gold and silver.
They will in the end, be selling that gold and silver right straight back into the industry that sold it to them and AT A HUGE LOSS.
In the end the conspirators end up with all the money and all the gold and silver then they start the vicious circle all over gain.
If you have gold or silver coins that you have saved up out of your change over the years or inherited, regardless of how high the price of gold and silver goes, you will still only get the face value for it at the grocery store.
It is NO HEDGE because to get the real value of that gold or silver coin is to melt it into straight metal and that is illegal for Joe Sixpack to do that so in essence NO ONE who possesses gold or silver coins that has a metal content value that is worth more than the face value of the coin actually has any greater wealth or in hand value that is any better than the face value of the coin. No goods or service providers or utility is going to do the math on that to sell you food water and give you your change in gold or silver. Why would they? They know the gold is worth more than the face value of the coin so being motivated solely by greed it would be an insult for you to even request the balance of your coin.
Now you have the problem of those elite vaults who have massive gold coin collections that are worth no more than face value on the coin as the actual value of their stash. What do they do to increase their wealth beyond the actual value of the coin? They go by the weight of the coin so that's how they can turn a handful of $10 gold coins into massive amounts of personal or corporate wealth and if the opposite should occur such as if the gold weight of the coin should fall below the face value of the coin they still will count it as full face value while saying hey tough cookies the government is on the good faith hook for the balance.
If it is illegal for Joe Sixpack to get the increased value out of a gold coin by melting it and selling it as scrap why is it legal for the elite to not melt down a gold coin but yet count it as increased value in gold weight?
Joe Sixpack is only allowed to have face value for his coin but the elite have the privilege of multiplying their assets for the increased weight of the coin without destroying the coin.
If Joe Sixpack weighed his coins in at the weight of the gold and attempted to claim that as his net worth he would be accused of cooking the books because all he really has is the face value of the coin.
If Joe Sixpack melted them all down and tried to sell the lump he would be investigated for the lump of gold.
The gold weight value of Joe Sixpack's coins doesn't exist anywhere except in his mind and emotions which is a victim of a con job.
No different with silver. Regardless if the price of silver goes to $50,000 an ounce your 1921 Peace Dollar is still worth a freaking $1.
As the price of gold increases the rich get richer but yet Joe Sixpack is still stuck with face value because that is all he will ever get for it as a "hedge" if he tries to spend it in an economic collapse because he still will only get face value pegged to the same collapsed dollar.
Non-coin forms of gold and silver will be the same way since it will only be worth as much in weight as the worthless dollar. Either way, there is no hedge and Joe Sixpack is a loser.
Even more suspicion that leads me to believe that this is that this a a con game to pull the financial resources of society, if it is indeed Joe Sixpack doing this, is that we are currently living in "hard times." Joe Sixpack, unless he is drunk off his rocker, is not to be buying gold and silver in hard times. Buying gold and silver is for good times allegedly to be a good thing to have in hard times.
I just can't adopt the idea that since we are currently in the worst financial times since the Great Depression that Joe Sixpack is out there buying 29,134,000+ American Silver Eagles. If so then Joe Sixpack must be blacked out or under some form of mind control.
Even still, since a coin in itself is not an investment per say, it is conceivable that out of 300+M people 29+M of them may have bought a coin or two from the US Mint and as such they would not be investors so even if they did buy these coins, that could be abused as a false flag to say that the man in the street has taken to investing in silver.
I would also like to see a graph of the US Mint's sales time line too in order to compare the uptick to other graphs representing other economic/financial things.
Add that to the zip codes and you may have struck gold. Pun intended.
Given a choice of $1,200 in my pocket or an ounce of gold laying on my desk I'll take the $1,200. The $1,200 can serve me in a myriad of ways but the gold just lays there. I can't sell it for $1,200 even if the price of an ounce is still $1,200 because there is no one to sell it to except those who buy for the purpose of reselling which is why Joe Sixpack never gets the real value of the weight of his gold when he sells it. He is just a cash cow.
Buying gold is like buying a new car, it immediately depreciates regardless of the current market price because as soon as you drive it off the lot it's worth a fraction of the mortgage you have on the vehicle.
Joe Sixpack is losing money, losing spending power and losing personal wealth in buying gold. Or silver, it's all the same.
People are buying gold thinking they have something good in their hand in case of economic collapse. They have nothing because no goods or service providers will be accepting it for payment or else they would have to become gold masters to make sure they aren't getting ripped off and even if they did accept it how can they assess a value to the weight of it based on a worthless dollar?
It is the $ that sets the value of gold now with the $ the only one of the two that is spendable unless it is a face value coin.
By Joe Sixpack having that in his pocket during an economic collapse he is just a target for attack and murder for having it since then only criminals and fences would be the only people having any use for it then it still finds it way up the ladder to the elite again. They get it all back under any circumstances.
Once the collapse comes and the $ is worthless the pound of gold has as much inherent value as a pound of feathers because both pounds will be assessed according to the same worthless $.
Gold and silver is for Joe Sixpack to waste money on and feel good about.
To side track for a moment, look at this and enlarge the image:
http://www.goldprice.org/gold-prices/1003-Gold-Coins/1005-GoldMoney.htm#
You see: "digital gold currency."
The very use of the word digital suggests to me that there is no gold. Lacking that wouldn't it just be a piece of paper saying that you own gold?
And you see "stored in a secure vault."
I can't help but ask, just how does one secure digital gold in a vault? Is the gold sellers computer set up in an office inside a vault? If it's digital gold it doesn't exist anywhere except on his hard drive right?
Oh well.
So back to what I was saying, gold only has real value to one of four interests and that is, one who is gifted gold (that's obvious), the mining company (they do not pay royalties to the American people for gleaning out the natural resources of gold on tax payer property), the gold broker (he has Joe Sixpack on the hook) and a thief (it has value to him because he didn't pay for it).
Once Joe Sixpack has his ounce of gold in hand he cannot sell it for what he just paid for it and he won't get spit for it at the pawnshop because there is no one to sell to except to those who buy at discount to resell.
Joe Sixpack is a loser for 3 reasons:
1. The ounce of gold is scrap value as soon as Joe Sixpack takes possession. He needs to do the math to see how long he will have to wait until the price of a scrap ounce of gold at the office of ones who buys to resell or the pawn shop is high enough for him to make a profit by selling it to these only available buyers. It would take forever for the a scrap price to work it's way up to be what he actually paid for it so he has up front lost liquidity and personal wealth in buying an ounce of gold. Even then he only would break even. He still has to wait a second eternity for the scrap price to go up further so that he can actually make a profit. By then, Joe Sixpack is dead and his grandson finds it in a dusty shoebox while exploring in some remote location in the house.
2. Then if Joe Sixpack doesn't have his ounce in hand he is paying storage fees on it. He needs to do the math to see if gold or silver is appreciating enough to justify those periodic fees just like a good as or service provider needs to examine the needs for his goods and services in a location to make it worth the expenditure on a lease for a store font. At some point Joe Sixpack will be eaten up in fees and he has $0 value in hand.
If Joe Sixpack is not blind drunk he should not even buying gold or silver because he is tossing his money down a rat hole.
So, any constructive opinions or comments anyone?
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