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Chris Martenson And Harvey Organ: Get Physical Gold & Silver
Submitted by Chris artenson
Harvey Organ: Get Physical Gold & Silver!
Harvey Organ has been analyzing the bullion markets closely for decades. The quality and accuracy of his work is respected enough to have earned him an invitation to testify before the CFTC on position limits for precious metals back in 2010.
And he minces no words: gold and silver prices are suppressed. With extreme prejudice.
In this detailed interview, Harvey explains to Chris the mechanics how of he sees this manipulation occurring, why he predicts this fraudulent pricing scheme will collapse soon, and why it's critical to be holding physical (vs paper) bullion when it does.
The real suppression of the metals started in 1988. That’s when the leasing game started and was invented by J.P. Morgan.
These guys would go around to the mining companies and say “Listen, I’m going to pay you for your gold in the ground and I will sell it. You just pay me as you bring it out.” So that was cheap financing to the miners. Barrick, the biggest mining company of them all, went in on this and it financed a lot of Nevada projects.
Once the leasing game came, the actual selling, the extra selling, suppressed the price. In the first five years, it started at maybe three hundred to four hundred tons. It didn’t start to get really bad until probably ’97-’98 with the Long Term Capital affair. And that’s when the leasing started to become around maybe 1,000 tons of gold. And it hasn’t stopped.
And silver is the same.
And that’s why you've had a long-term, 20 years of suppression of the metals. The problem now is that the physical is now gone. Where is going? It’s gone from West to East.
A lot of people don’t know that China used to refine close to 80% of the world’s supplies of silver, because it’s very toxic. Up until probably ’85, the Chinese handled 80% of the world’s refining of silver. Now they're down to 40%, but that’s still a major part of China’s industry. They are keeping every single silver ounce they refine, and gold. They are keeping it for themselves; their reserves are rising (though they don’t tell exactly). Two years ago they went up to 1,054 tons and I can assure you it’s probably triple that now. These guys are not stopping. Just like they are not stopping in oil. They know what the game is and they are slowly taking all their U.S. dollars that are on their shelf and converting them to gold, oil, copper – anything that’s real.
And the game ends when the last ounce of gold has left London -- not COMEX, because in a nanosecond it will come back to here.
The big problem in London is that their derivatives on gold are about 50 to 100-to-1. That’s the amount of derivatives. So if I take out that 1 ounce, the balloon around it -- the derivative -- is getting bigger and bigger and bigger until it’s ready to totally implode.
And that’s what you are seeing now. So right now, people are going to say: how high can it go? And I’m going to tell you: you are going to go to sleep on Thursday night and gold may be $1,670. And then you wake up the next day and it’s going to be a banking holiday. And gold will be $3,000 bid, no offer. No offer -- and it will be a banking holiday. Because there will be a failure to deliver.
You’ve got to have physical coins or bars. If all you have is a piece of paper -- that’s all it is! It will just blow up in smoke.
So just go buy your physical and be thankful that you are getting it at a cheaper price today.
Click the play button below to listen to Part I of Chris' interview with Harvey Organ (runtime 32m:36s).
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It would take a lot more effort to recover your nickels from the lake bottom. Unless they're Canadian nickels, which will stick to a magnet.
So now I know I'm going to have to attach a magnetic outrigger to my canoe... (Thanks ZH for sponsoring these helpful survival hints)...
The debased Canuck nickels have NO NICKEL LOL. They will be totally and completely without value, on par with a FRN. A hubcap from a 42 deSoto could potentially have value, a nickel made of pot metal not so much. The true Canuck nickels from years gone by, were more pure and worth double or more the US nickel. I recommend the hubcap
I discovered Chris Martenson through Zero Hedge and find both sources to be the most important outlets of news and macro-economic analysis today. I REALLY ENJOY his 50-minute interviews from subjects like Stockman, Faber, Jansen, Brodsky, Ferguson, and many many more. The interviews are PACKED with knowledge and data; they hold up on a significant timescale (i.e., year-old interviews are pertinent even today); and they are very entertaining. The interviews are easily downloadable on MP3 and I enjoy listen to them while mowing the lawn or working out. I invite ZH readers of all levels of knowledge and expertise to check them out. Chris has an interview list that keeps growing but is hard to find on his site. Best way to find is by Googling "Chris Martenson, blog, (and some name of his latest interviewee - e.g, Erik Townsend - a few days ago).
Martenson has an amazing style that is objective (he's a former research scientist), non-political, and incorporates both global news and analysis; and solutions on a personal and even community scale. He is also VERY positive (glass half full)... never doom and gloom.
Enjoy.
Disclaimer: I am not associated with CM or ZH in any way. Just a HUGE HUGE fan!
(apologies for double post)
The part on derivatives... Uh huh, it sure should keep people wake at night. The sad part of this (or the massive derivative schemes in general) is that Average Joe has no idea what kind of a beast the bankers have created.
The kind of beast that uses sheeple as SUPPOSITORIES!!!
An oldie but a Goodie..
Community Service Announcement!
Buyer Beware!
Sicne I see them in Google ads (yes I know its personal to my searches.. but others here may be looking at silver / gold Purchases too)
"National Gold Exchange" Google that.. as well Gainesville Coin is NOT! Direct to the Mint so you will be paying them the Middle Man Fees! Gainesville Coin is a New Business the same or old business name was "National Gold Exchange" People Lost $10's of Millions of Hard Earned Dollars with? the SCAM Artists at Gainesville Coins!
http://lmgtfy.com/?q=gainesville+coin+or+National+Gold+Exchange
https://www.google.com/webhp?hl=en&tab=Xw#hl=en&gs_nf=1&tok=WtU4GZ1qoktj-FskVzsUrw&pq=gainesville%20coin%20national%20gold%20exchange
http://blog.jtcoins.com/tag/nationalgoldexchange
Buying in Bulk? there are more than a few people here that will sound off happily to help!
Lots of GREAT Dealers! so dont let the bad apple spoil your buying fun!
Like I have been writing, Londontown runs the PMs, not NYC.
Saturday music break w/ Sinatra - A Foggy Day in London Town
http://www.youtube.com/watch?v=7SNSDhm6udE
The game ends when the proven deposits of junior minors are priced nearly as if they had been extracted and refined.
RBY wooooot! ;-)
7. In our day the power which has replaced that of the rulers who were liberal is the power of Gold. Time was when Faith ruled. The idea of freedom is impossible of realization because no one knows how to use it with moderation. It is enough to hand over a people to self-government for a certain length of time for that people to be turned into a disorganized mob. From that moment on we get internecine strife which soon develops into battles between classes, in the midst of which States burn down and their importance is reduced to that of a heap of ashes.
Protocol 1
http://www.biblebelievers.org.au/przion2.htm#PROTOCOL No. 1
Breaking : the Netherlands government just failed. It will resign on Monday!
PVV blew it up on the pension guarantees. They say it's because european losses (3% gap) would be transferred onto ex-taxpayers/pensioners. Which is true. For once I agree with them.
It's not unfortunate for J.C. de Jager, now he doesn't have to explain the Greek "Bailout" of summer 2011. (He said he guaranteed it would all be paid back in full.)
shit's getting real, rats leaving the ship.
Gillian Tett - Fool's Gold
http://www.youtube.com/watch?v=Z3YIcksBRhI
The Morgan Mafia, CDS , BISTRO and many other aspects of the Shadow Banking System .
Quite a good piece - so simply explained that even Politicians can understand ... even if they don't want to.
82 minutes , but she makes it pretty colourful so listening is quite a pleasure.
If this is the "gold and silver price suppression scheme", then why isn't anyone making the argument that oil and natural gas are being "suppressed" as well? This is how a long term project gets financed. Hell, farmers do the same thing. The electric power industry sells forward power into markets where the plants haven't been built yet. In fact, this is the least nefarious thing about the futures markets. They're supposed to function this way.
Purhaps the reason the mining companies are trading at single digit multiples is because they've sold forward more gold and silver than they can produce and if they default, equity is going to get wiped out...
That people are going to turn away from paper currencies and realize the value of metallic money is a demand story and mutually exclusive of the supply side story.
Another good question. Difficult to answer succinctly. It has to do with the functional difference between gold and other commodities such as oil and grain. Do you know what the function of each commodity is? :)
.
The miners are worth squat because when the shtf the mines will be nationalized along with all their equipment that happens to be laying around nearby the governments gold.
When risk is factored in they are only worth as much as they cans produce and ship short term.
Whenever these jerkoffs start making the rounds like last spring saying there is no silver the price tanks big time.
Have been tracking silver kilos on Apmex for over the last week. None have been moving. Same quanty available.
Harvey Organ nice stage name.
A junk for being a douchebag
if you're just getting in you're the douchebag.
I'm waiting for AG to hit 50 again then I'll go all in.
(krap I better note that I'm joking lest some poor bag holder like Uttica X prime follow me on that)
I'm buying silver now. I was buying silver at 50. I was buying silver at 5
(in my virtual etrade account)
Say Walcott since you are so smug, what would you recommend for someone who is young and just got their first paying job and now has some income, are you saying they would be a douchebag to buy silver?
Long term buy and holder here but Harvey's organ is is shrilly as ever. He apparently studied at the Graham Summers School of Chicken Little Ecomonics.
There is something to that. How can these guys be so damn sure? Who is to say silver doesn't head back to 18? to 12?
I are not predicting it, I am just saying I have no idea what is going to happen, though I'm prettty sure I'll get surprised.
1981 a 1963 uncirculated franklin half cost $16.99
2012 a 1963 uncirculated franklin half cost $16.99
2043 a 1963 uncirculated franklin half cost $16.99*
*based on credible first hand illuminist information
How is your Enron stock doing? or AOL? In 2043 that Franklin might only be worth $16.99 but your fiat might be WORTHLESS, not just worth less.
1561 a 15XX 4 pieces of 8 ....... cost 4/8 of 8, or $00.50
1861 a 18 whatever half dollar .......cost $00.50
1961 a 19whatever half dollar ........cost $00.50
1971 196X ......................half cost $00.95 (guessing here)
1981 a 1963 uncirculated franklin half cost $16.99
1991 a 196x ......................half cost $2.25 (guessing)
2001 a 19XX ......................half cost $2.25 (guessing)
2012 a 1963 uncirculated franklin half cost $16.99
2043 a 1963 uncirculated franklin half cost (You haven't got a fvcking clue) but as for me, in my opinion, I think I see a pattern
After 1861 every price for a silver half dollar is "infinity" or "NA" if you were holding Confederate paper currency. Same after Revolution if caught long with paper money of era: "Continentals"
I prefer the circulated Franklin halves for < $12. No date checking required. The farmers market vendors will gladly trade $12 of produce for them. Not sure if they're paying taxes on that income, though.
Since when has a trade become income?
http://www.irs.gov/taxtopics/tc420.html
worshipping the golden calf part 1http://www.youtube.com/watch?v=lTD1586dDzY
Boy are you mad.
Wise men of the East seek Jesus, bring him gifts of Gold, Frankincense and Myrhh
http://www.youtube.com/watch?v=xhD8lG9VDVc
We should thank the gentlemen for bringing up religion. Gives us a chance to mention how Jesus and his parents were fond of gold and received same as gifts from honored wise men.
Next topic- Jesus recommends his disciples arm themselves with the assault-weapon of the era, the sword!
The real suppression started with Part 1; the creation of the Fed. Part 2 came when FDR signed the EO making gold illegal. Part 3 came when Nixon shut the gold window because the French called Amerika's bluff and turned dollars into gold. Part 4 came when, as Harvey stated, JPM figured out a way to lease gold with the miners.
We are now into Part 5, the era of paper gold and the manipulation with the blessing and funding by the Fed. It all ends when demand from the Emerging Countries [BRIC's + other emerging smaller gov'ts] crushes the will of the Western Democracies [led by the U.S.] to sell physical, or they just run out of physical. I give it 2 more years and the gig is up.
http://vegasxau.blogspot.com
RE; Vegas
The difficulty in comparing precious metals, supression and fiat currency is in the eye of the beholder in relation to their preservation of capital.
There are 2 indisputable facts that individuals, governments and non government enteties have to come to grips with.
1. Since the end of WW2 the wealth of the world has exploded whether it is owned by individulas or other entities, whether represented by fiat or physical assets. If it is represented by fiat, then individuals must have faith that the fiat will preserve their wealth.
2. Since the creation of the FED, and in the span 5 generations the faith of wealth preservation has been transferred from precious metals as it had been for at least 5000 years of human history, to the full belief in fiat as backed by large government entities.
GOING FORWARD: This is the million $ question; If fiat has indeed replaced precious metals in the minds of most people on this planet - how then does one protect themselves from the continued manipulation of precious metals prices vs. fiat? Are we as individual Americans (who believe in wealth preservation through precious metals,) swiming against the tide vs, most of our fellow citizens and the world wide debt based financial system?
IMHO, fiat has failed miserably in preserving wealth. Since the creation of the Fed, the U.S. Dollar has lost over 95% of its purchasing power. The fact is that humans will accept anything that is done to them by governments as long as it is done slowly and over time. Just a glance inside a WalMart in the USSA and you can see most people are dumber than a bag of carrots and will gladly accept inflation of 3% for supposed stability. In reality they get none as history shows.
What the Central Planners really want is belief in government for any and every problem. You as the individaul are too stupid to know what is good for you; only elites like Chalky and his pals from Hahhhhhvad, etc. can save us. A mentality like this doesn't want you to be able to profit from their failed policies so they engage in precious metals price suppression. Just like every other totalitarian regime, they ultimately fail because nobody ends up believing them.
When you believe in fiat, stocks and bonds, real estate, etc. you open yourself to government edicts regarding these same vehicles. They follow your every financial transaction and tax accordingly, thus robbing you of wealth for their own vote-getting nefarious purposes.
The fact is that gold can't be cheated. Period. And of course they hate that at every level.
http://vegasxau.blogspot.com
Food for thought, the amount of money created under ECB LTRO is of the same order of magnitude as all existing gold....
Food for thought, the amount of money created under ECB LTRO is of the same order of magnitude as all existing gold....
I increasingly see a scenario setting up; government moving to digital currency only so it can be tracked and taxed and the outlaw of physical precious metals transactions along with coinage and cash of any kind.
It will be presented as a way to deter crime and make people "safe".
"You can buy gold and silver in an ETF." they will say.
"Cash is dirty, it spreads germs, and aids drug dealers and terrorists".
They'll issue pre-loaded debit cards with Treasury approval, Red-White-and-Blue flags and all.
"It's the patriotic thing to do."
And they will paint barter and other mediums of exchange as subversive and dark.
I'd love to know the name of the plan because I'm sure it is in a folder and encrypted files somewhere labeled "Sphinx" or "Pandora".
"The more you tighten your grip, Tarkin, the more star systems will slip through your fingers."
There's no power in a firecracker without the tight wrapping.
Seems like a sure thing at this point.
Welcome to the New World Order.
The problem with hoarding pennies and nickles is that you lose intrest by taking that money out of the bank. As low as rates are, Kyle Bass would have had a greater return on his million dollar nickle investment by just keeping that money in the bank. Hoarding copper/nickel relies on fairly rapid price appreciation or you take a loss. That being said, I do like nickels. I'm just trying to figure out the most cost-efficient way to maximize purchasing power. Perhaps using interest on your cash to exchange for nickels? Then it is "house money", though you run into the problem of present value of money vs future...
"Bank" + "Interest"?
The juxtaposition of those two words makes no sense to me.
Think "money changers" and Jesus flipping their tables in disgust.
The problem with keeping money in the bank is (real) inflation. It's also hard for TPTB to lop off zeros from pennies and nickels.
But Bass has lost on his nickel investment. He would have more purchasing power had he just collected interest on the money. Right? Sure, when the dollar collapses the nickel will be better than paper, but until then, I think an investor gains more purchasing power in paper, even with low interest rates, than by holding nickels. The trick is timing, precisely, when to get out of paper and into nickels, or figuring out how to store those nickels somewhere where they collect interest. Nickels don't track inflation as do silver or gold, so it's not the same as 1964. Nickel will benefit from war or a recovery, but it won't benefit greatly from money printing. I own a few hundred dollars in nickels and feel I'm losing purchasing power by letting them sit (e.g. they are down from .07 in 2010 to .06). Obama is trying to mint steel nickels and pennies--this could bump them up a little. I think a great niche business would be one that stores nickels and provides interest on them.
Yep! paper's better till it aint
grain you eat .. oil you drive gold you love
Can not get to the DP now?
http://www.dailypaul.com/
Here is this really great radio on RBN. Listen to the callers toward the end of the first half hour.
http://216.240.133.177/archives32/Tillaw...160000.mp3
Pissed I couldn't get in to see the second video.
So I sign up and still...nope! arrggg
So then I download the slides for Crash Course. Good stuff cept one of the commodity slides is sponsered by... wait for it! MFuckingGlobal hehe
Thanks for telling, I was going to do the same thing...
It appears that you have to enroll (pay $) then you can see the second part.
A simple "free registration" as offered on his site will not do the job.
The problem is, when the crash finally happen, the powers that be will just reset the entire world monetary system and Gold may be reset accordingly, so all this hoarding will be for naught...
if you lose the trust of the people, you cant just put on a different hat and a smile and restart..
Building trust is difficult,
and its nearly IMPOSSIBLE to regain trust once lost.
Gold is different... Its a metal, and its always been here.... its like a silent observer of history, accompanying humanity since the early ages...
TPTB might need one or two generations of gold standard before people have forgotten past trust issues .... then the new paper paradigm will restart, or maybe star trek...
1929 in slow motion....really slow motion ! "Slow as molasses in January ! " "Watching paint dry !" "Watching water boil !" "Slow as a snail !" "Slow as a tortoise !" "Slow as a Winter's sunrise !" Monedas 1929 Comedy Jihad Slow Down
Thank GOD, we still have time to prepare.
Rock on
While I am fully on board the physical PM trade (a very significant amount of my wealth is in it) and understand the dire condition that our FED's balance sheet is in. We do have a ray of hope that Europe or China for that matter does not.
We have the greatest amount of hydrocarbon reserves in the world and now we have the technology to extract it. If we can somehow muddle through to 2016-2018 are balance of payments will shift dramatically. Already oil imports have dropped from 14.2 mmbd in 2007 to 8.7 mmbd now.
I am not starry eyed and I do understand that we are most likely totally screwed given our monetary system, but there is a least some hope. If Obama wins it is lights out though.
I did see the Dalai Lama speak here in San Diego the other day and he did say I will receive total consciousness when I die, so now I got that going for me, which is cool.
Way to go, Carl
the only sure bet ever was when spurrier was at florida and they played georgia with ray goof.
That was money every time. Whatever the spread 1st half 2nd half - game. Money.
If interest rates are jacked up metals get destroyed. They are already through the roof for average person.
Governments have their stash. Its World War now. War time economy.
amazing pod cast the suppresion of metals , interesting to learn that Commex has more volume but its only paper that is traded and London commands the physical delivery .. I did some work and in the learning stage http://www.sandyyadav.com/
...and the .308 AR-15 is sighted in to 400 yards. mmmm
.308 AR-15 = AR-10
Another old guy digging into his shitty 50 year old wooden home on 2 acres in some shitty part of the U.S. waiting for the blue helmeted U.N. troops to come for their guns and gold. Zeroing in your rifles to murder your fellow Americans in case society collapses and they are roaming the countryside looking for food.
Really pathetic. And scary. I sure as fuck don't want to be in a failed state with a bunch of assholes like you waiting behind every bush to take pot shots at random civilians.
But, of course, the U.S. is the strongest and most well manned police state in the world. There will be no without rule of law scenario in the U.S. No collapse of civilization. And no fiefdom for you and your sons out in bumfuck Missouri to rule over with your AR-10's and bags of junk silver coins.
Now if you actually get off your fat ass and go outside and protest or something, well then all bets are off. But if you stay inside stroking your rifle and playing with your coins (yes, double entendre intended) nobody cares.
WAR has always been an extension of economy.
The outcome of war has ALWAYs been the transfer of wealth (gold / silver & other measures of wealth)
We are at war.
The principals in this battle are communist / marxist regimes (and blended varieties of the same) against capitalism.
Capitalism is and has been in the process of being DISMANTLED from the inside out, by frankly traitors who work for communist / marxist regimes (and blended varieties of the same).
The treasures of war are FLOWING to the eventual victors (WEST to EAST).
Owning PHYSICAL will help AND will make YOU a target when the EAST OVERTLY comes marching to North America to claim the residual wealth.
BUCKLE UP!