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In The First Few Days Of 2012, US Mint Sells More Silver Than In Most Months Of 2011

Tyler Durden's picture


In the first few days of 2012, the US mint has already sold 4.3 million ounces in silver coins. This is more than in all individual months of 2011 except for January and September, when the mint sold 6.4 million and 4.5 million ounces. Is the retail love affair with physical silver coming back with a vengeance?




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Tue, 01/10/2012 - 19:19 | 2052129 Don Birnam
Don Birnam's picture

The over/under regarding the Mint "suspending" further issuance of Eagles later in 2012 ?

Anyone ?

Tue, 01/10/2012 - 19:24 | 2052140 Deo vindice
Deo vindice's picture

I don't have the facts to back it up, but the strong suspicion that it is a likely scenario.

Tue, 01/10/2012 - 20:00 | 2052292 sitenine
sitenine's picture

There has been a lot of talk on this stat flying around for a week now.  It's an accounting trick.  From what I've heard, about $3M is actually December sales or 'presales' booked as January sales.  Basically a nonstory.

Tue, 01/10/2012 - 20:06 | 2052323 JoeSexPack
JoeSexPack's picture

Add December & January sales for the previous few years & compare totals.

Tue, 01/10/2012 - 20:29 | 2052368 sitenine
sitenine's picture

Well, we can't do that until January is over with now can we? I'm as bullish on silver as anyone, but I'm not inclined to jump into anything based on faulty accounting methods or premature hype. Yes, the trend is up over the past few years, but lets not get ahead of ourselves.  Regardless, my comment is simply speaking to the headline, "In The First Few Days Of 2012, US Mint Sells More Silver Than In Most Months Of 2011," which is a foul assertion because of the accounting used.

Tue, 01/10/2012 - 20:35 | 2052437 Comay Mierda
Comay Mierda's picture

if you are not buying physical silver right now you should check yourself into the nearest mental hospital. The technicals and fundamentals are EXTREMELY bullish. More so than gold.

Tue, 01/10/2012 - 23:30 | 2053122 SGS
SGS's picture

Gartman says bubble.

Tue, 01/10/2012 - 23:59 | 2053244 flacon
flacon's picture

Gartman is a boil that needs to be popped. 

Wed, 01/11/2012 - 00:38 | 2053307 sitenine
sitenine's picture

Not so fast - It looks as though hell may have just froze over.

Yes, even Gartman is coming around to reality:

Wed, 01/11/2012 - 00:04 | 2053271 akak
akak's picture

Yes, Gartmann is a bubble.

I just hope to God I am not around when that particular bubble pops ---- ewwhhh!

Wed, 01/11/2012 - 10:14 | 2054117 SeverinSlade
SeverinSlade's picture

The same accounting method likely would have been used at for December 2010/January 2011.  If that's the case, it's fair to compare both figures.

Tue, 01/10/2012 - 19:24 | 2052141 trav7777
trav7777's picture

probability that once they do, rabid slobbering ZH silverbugz start announcing "$60 by next week"?


Tue, 01/10/2012 - 19:30 | 2052166 akak
akak's picture

Fuck off Bob Moriarty, you insane silver-hating troll.

Tue, 01/10/2012 - 19:48 | 2052240 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

But don't forget, Trav owns silver!

....or does he?

I can never tell.

Tue, 01/10/2012 - 20:19 | 2052252 akak
akak's picture

Rumor has it that he ripped out half of his teeth with pliers himself, just to be rid of that "evil white metal".

He's totally OK with ingesting mercury, however --- and it shows.

Tue, 01/10/2012 - 19:52 | 2052260 Bay of Pigs
Bay of Pigs's picture

He's in a league of his own when it comes to douchebaggery on silver...

Tue, 01/10/2012 - 19:57 | 2052286 akak
akak's picture

He's in a league of his own when it comes to douchebaggery



Wed, 01/11/2012 - 01:08 | 2053467 Yellow Tang
Yellow Tang's picture

Shouldn't the article be titled:


"US Mint sells 33% less silver than January last year."


January is always a bumper month but the fact that less silver is being sold than this time last year is more telling.  January ALWAYS sells more silver than most other months.  Talk about misleading.  I own a lot of Silver but I feel this article is written in desperation and just goes to show the lengths that many outlets have been going to in the last few years to pump up silver demand.  Keep pumping please, but I ain't buying any more when the Morgue holds all the cards.

Wed, 01/11/2012 - 02:42 | 2053603 dalkrin
dalkrin's picture

Please check your calendar and come back for a revised total when we are no longer living through January 2012.

Wed, 01/11/2012 - 03:22 | 2053641 XenoFrog
XenoFrog's picture

Good thing for us silverbugs that there's still 2/3 of the month left to add to the total.

Wed, 01/11/2012 - 11:57 | 2054633 tocointhephrase
tocointhephrase's picture

Card is paper

Tue, 01/10/2012 - 20:03 | 2052271 tallen
tallen's picture

Usual trash from Trav.

Palladium went from $200 to nearly $1,000 in just 3 years(1997-2000)

1950: 10Bn Ounces of silver in reserves above ground , 1980 - 3.5Bn, 2010 ~700M ounces.

Above ground silver has dropped by 91% since 1980

Historical silver:gold ratio was 15, today it is 55:1. Also only 10 ounces of silver mined for every 1 ounce of gold mined.

Industrial demand was up 18% in 2010. Consumed in bandages, soldering, catalytic converters, electronics, weapons, water purification, ECBs, RFIDs, Lasers. The list goes on.

Investment demand soaring, just read the article above!

Peak silver reached in many US states including Nevada, production remains in heavy decline. Ore grades globally collapsing.

US Debt ceiling being raised again, massive money printing globally.


Now where to invest: PSLV is far too overvalued at a 30% premium. Physical suppliers out there like Tulving and Bullionvault are probably the best, but if your looking your portfolio then CEF is probably the cheapest. 

Tue, 01/10/2012 - 20:03 | 2052312 Argos
Argos's picture

Yeah, did that yesterday.  Dumped PSLV, at the time it had an incredible 32% over NAV and bought CEF.  Only time will tell.

Tue, 01/10/2012 - 20:08 | 2052332 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Why not buy physical?  You get to keep your money in your hand.

Tue, 01/10/2012 - 23:36 | 2053149 Instant Karma
Instant Karma's picture

If you have a decent chunk of change to invest in metal, silver weighs too much to physically take delivery. Someone has to store it for you, hopefully not re-hypothecating it lol. 

Wed, 01/11/2012 - 00:11 | 2053291 Prometheus418
Prometheus418's picture

It's crazy how large the spread on what a "decent" amount of money is here.

A monster box of ASEs is about 34 lbs- and that's $17,000, give or take.  Even if you have to make a few trips, it's hardly impossible.

There was a point once when I had just short of a ton of copper- now *that* was too heavy to carry around.  Even so, a hand truck and some good boxes made it moveable when I sold it.  If you've got that much physical silver, I'm sure you can afford to rent some equipment to move it, and a poured concrete vault with a good vault door on it to keep it in.

Of course, if you have that much net worth in PMs, by all means, buy gold and be done with it.  Silver is a middle-class metal.

Wed, 01/11/2012 - 03:49 | 2053661 aphlaque_duck
aphlaque_duck's picture

How does one get a good price on that kind of qty of copper?

Wed, 01/11/2012 - 05:53 | 2053730 zhandax
zhandax's picture

A hundred ounce silver bar is the size of two packs of regular (non-100) cigarettes laid end to end.  It weighs about 7 lbs.  The floor of any business record storage place in the world will support 1000 of these quite well.  If you anticipate having to throw the whole lot in a suitcase and leave in a hurry, you are better off with gold.

Tue, 01/10/2012 - 23:04 | 2053019 trav7777
trav7777's picture

bbbbut....bbbbut...production CAN'T peak.  We'll just use ionic liquids or some such shit to magically maintain an exponential growth curve.  Won't we?

I mean, when you substitute "oil" for "silver," that's sure as shit what you hear.

I agree with what you're saying, just had enough of the irresponsible stampede herd mentality.

Wed, 01/11/2012 - 08:17 | 2053852 bernorange
bernorange's picture

Do you fancy yourself a member of the responsible naysayer herd mentality?

Tue, 01/10/2012 - 19:33 | 2052175 MillionDollarBonus_
MillionDollarBonus_'s picture

The irony is that despite these figures, the price of silver has only just crept above $30. It looks like the doomers are as dishonest about the true supply of silver as they are crazy. This silver pumping is just getting plain embarassing, not to mention irresponsible.

Tue, 01/10/2012 - 19:49 | 2052244 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

MDB, care to state the definition of monie?

Tue, 01/10/2012 - 20:56 | 2052503 Comay Mierda
Comay Mierda's picture

MDB is still recovering from his horrible call to buy BAC at $6.08 while I was saying it would plunge to lower $5s.  and it immediately plunged to the $4s.  Million Dollar Dumbass knows nothing about predicting market movements. Buy phys silver, as much as you can get your hands on, its about to come back strong

Tue, 01/10/2012 - 22:58 | 2052984 infiniti
infiniti's picture

Hate to ruin your day but BAC is at $6.63, a 9% gain in about 3 months. What has your silver done in the last 3 months?


Tue, 01/10/2012 - 23:05 | 2053026 trav7777
trav7777's picture


And the other guy got pwned by a freakin TROLL.  silverbugz are getting pwned by people who are making SARCASTIC calls for knowingly bankrupt banks' shares.  lol

Tue, 01/10/2012 - 23:29 | 2053062 Comay Mierda
Comay Mierda's picture

hate to ruin your day too, i called the lower $5s on the downtrend.  since then ive called for $7 BAC on the uptrend.  that call is going well too.  I never said anything about silver because it is heavily manipulated by JPM (see Andrew Maguire interviews) and has been taken down artificially.  you can tell by the unnatural technicals.  however, the buying power is too strong at these levels.  do yourself a favor and buy some phys silver.  you'll love me in 3 months

Wed, 01/11/2012 - 12:03 | 2054671 tocointhephrase
tocointhephrase's picture

Well in truth the paper price known as 'spot' got smashed, however the physical price is now 100% over ie £19 spot £36+ physical. Hope that helps?

Tue, 01/10/2012 - 19:52 | 2052263 agent default
agent default's picture

What silver pumping? What silver price?  Suppose someone bought 50%  of COMEX open interest and demanded delivery.  What sets commodity prices  you dumbass FUCK?  The paper markets?  The issuance of futures against material you do not hold is just levering up against the physical market, ie Reality.  You still don't get it do you?

Tue, 01/10/2012 - 20:09 | 2052337 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Suppose someone bought 50%  of COMEX open interest and demanded delivery.

They would get a check in the mail that says, "Your delivery was undeliverable."

Tue, 01/10/2012 - 20:12 | 2052345 MillionDollarBonus_
MillionDollarBonus_'s picture

Why would a futures holder demand delivery of physical metal? Most normal people are perfectly content with cash settlements in US dollars. Our bond market is the largest in the world, and dwarfs the petty precious metals market. This is because savvy investors understand that the dollar is a SAFE-HAVEN. And these are REAL investors at top financial institutions, not crazy doomer conspiracy theorists with stacks eagles buried in their back yards.

Tue, 01/10/2012 - 20:17 | 2052361 akak
akak's picture

The earnings on the physical metal investments of your "doomer conspiracy theorists" have FAR outgrown the laughably pathetic earnings on stocks, bonds, and the other paper assets of the financial Establishment (for those that even HAD any real earnings -- most did not) over the last ten years.  And you can take that to the bank --- or on second thought, don't.

Tue, 01/10/2012 - 22:44 | 2052922 JW n FL
JW n FL's picture



akak ,

Bro.. it is Wagner pulling you leg.

dont get caught up in his cast net!



Tue, 01/10/2012 - 23:06 | 2053034 trav7777
trav7777's picture

huh?  Physical metals don't earn a coupon, dude, unless you play paper games with them

Tue, 01/10/2012 - 23:32 | 2053129 CompassionateFascist
CompassionateFascist's picture

When the Hebrews, the Black Undertow, and mestizos - not to mention ObamaRomney - finish sucking America dry, my eagles - secured by lead - while buy food at the local farmers' market. Paper Ponzi People will be using dollars in lieu of toilet paper.

Wed, 01/11/2012 - 00:12 | 2053295 GiantVampireSqu...
GiantVampireSquid vs OWS UFC 2012's picture

I'll gladly trade my food for your silver.

Wed, 01/11/2012 - 06:39 | 2053758 zhandax
zhandax's picture

Physical metals don't earn a coupon, dude

Like bonds earn enough to worry about...

Wed, 01/11/2012 - 15:29 | 2055525 JW n FL
JW n FL's picture




1.9% Baby!!

That's a LOT of Money!!

Silver Gains that and Gives it back every day!

Vol! / PM Vix ='s $$$$$$'s!!

Tue, 01/10/2012 - 20:27 | 2052405 Missiondweller
Missiondweller's picture

And how long have you been shilling for JPM?

Tue, 01/10/2012 - 22:39 | 2052906 JW n FL
JW n FL's picture




Why would a futures holder demand delivery of physical metal? Most normal people are perfectly content with cash settlements in US dollars. Our bond market is the largest in the world, and dwarfs the petty precious metals market. This is because savvy investors understand that the dollar is a SAFE-HAVEN. And these are REAL investors at top financial institutions, not crazy doomer conspiracy theorists with stacks eagles buried in their back yards.
And you can leverage the paper market for more paper! And you can fold the paper and carry it easily! You can NOT! do either with Eagles Burried in your back yard!! You guys should cut Bonus some slack!! he is ahead of his time! LULZ!
Wed, 01/11/2012 - 06:04 | 2053741 Benjamin Glutton
Benjamin Glutton's picture

Kyle Bass answers your query.


Why would a futures holder demand delivery of physical metal?


2 minutes.  Did this set MFGlobal takedown by CME/JPM into motion?

Wed, 01/11/2012 - 08:58 | 2053907 agent default
agent default's picture

Let me guess, you and your BOA calls are what passes for a savvy investor right?

Tue, 01/10/2012 - 20:15 | 2052355 dugorama
dugorama's picture

Did we miss our anger management session this week?

Wed, 01/11/2012 - 00:36 | 2053387 trav7777
trav7777's picture

they would get cash and told "if you wanna buy silver, go talk to a miner, dumbass"

Tue, 01/10/2012 - 22:13 | 2052796 FlyPaper
FlyPaper's picture

MillionDollarBonus: Argument doesn't include the impact of consistent price manipulation in the Silver market.  Silver is volatile; will be forever; but it is an industrial material with a myraid of excellent uses, and like so many finite resources, decreasing availability...

Wed, 01/11/2012 - 00:22 | 2053333 Instant Karma
Instant Karma's picture

Remember silver is a commodity like wheat or oil or even stocks. They often inflate or deflate together. So it's all relative. Stocks outperformed in the 1990s, then stopped, and commodities took over in the 2000s. With all the money printing going on when its all said and done everything will continue going up in nominal price, except TVs for some reason, lol.

So to protect yourself from inflation hold onto to physical and some paper assets. Remember that as inflation takes hold, companies pass through higher costs to maintain margins. As long as the currency doesn't completely fall apart, in which case money in the bank is kind of worthless. But again currencies trade relative to one another, so its not like the USD is that much worse than the Yen or the Euro. They're all just government issued pieces of paper apparently backed by nothing.

It's somewhat hyperbolic to think the US dollar is just going to collapse relative to the Yen or Euro, as they suck too. Same problems. Same debt. Etc. However, if you want to be conservative, or tricky, you may do well buying more stable currencies such as the Loonie, the Aussie, or other commmodity currencies with stable governments and sound banking systems. 

Wed, 01/11/2012 - 08:19 | 2053855 bernorange
bernorange's picture

The real irony is the smash in the paper price since last May has exacerbated the demand for physical metal.  Stackers gonna stack.  Dollar cost averaging doesn't mind a sale.

Tue, 01/10/2012 - 19:55 | 2052183 Rakshas
Rakshas's picture

Or stated/twisted another way "US Mint Silver Eagle Sales down by 33% YoY"  - that work for ya Jamtart?? silver don't buy silver it'll move either way as will everything denominated in BS dollars....

Edit - oops wrong link

Try this one David Morgan

Tue, 01/10/2012 - 19:35 | 2052184 malusDiaz
malusDiaz's picture

At least methman had a price target that failed...


Whats your position in the silver market?

Tue, 01/10/2012 - 19:38 | 2052196 trav7777
trav7777's picture

when production peaks, I think it will go up probably by 5-10x.  I would be more of a fan of platinum for a metal that has significant industrial use but is also rare.

Tue, 01/10/2012 - 19:44 | 2052226 akak
akak's picture

But EVERYONE holding silver, now or then, whether they bought at $30 or $5, is by definition, according to you, going to be a "bagholder", right?

Tue, 01/10/2012 - 19:50 | 2052247 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

See?  Trav hates silver but it will increase times ten.  Trav, wtf?

Tue, 01/10/2012 - 20:37 | 2052445 tmosley
tmosley's picture

He doesn't hate silver, he hates me personally, and will say any thing that he thinks will hurt me.


Tue, 01/10/2012 - 21:25 | 2052602 WonderDawg
WonderDawg's picture

He knows the silver bugs are easily tweaked. It's safe, it's fun, and you never seem to tire of it.

Tue, 01/10/2012 - 22:19 | 2052820 trav7777
trav7777's picture

someone else here doesn't get sterilized.


See, the bugz never let the truth get in the way of a good jihad.  It really doesn't matter what my opinion on silver is.  I've stated it pretty clearly and factually several times.  Hell no.  What matters in any good stampede is going along with the herd.

Some may think I have it in personally for them; nothing could be further from the truth.  They don't mean anything to me in a real sense.  Others may think I "hate"  Hate a metal?  How could I hate a metal, it's an inanimate object.  I have no emotions whatsoever toward it.

Tue, 01/10/2012 - 22:35 | 2052890 WonderDawg
WonderDawg's picture

Exactly. Leave emotions out of it. The PM bugs get very emotional, and you can't reason with emotion. I don't love it or hate it, I ask, is it smart to buy right now or can I put my limited resources to better use, given my belief in the trajectory of current events. For me, it's that simple. I have a position in physical in case I'm wrong, and if I'm right, I plan to add substantially to that position later this year. You can get slaughtered if you let emotions affect your financial decision-making.

Tue, 01/10/2012 - 22:38 | 2052895 akak
akak's picture

Hate a metal?  How could I hate a metal, it's an inanimate object.  I have no emotions whatsoever toward it.

Funny then, Bob, how you consistently have so much difficulty in trying to hide them.



Tue, 01/10/2012 - 23:50 | 2053211 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"Hate" as an investment, JFC Trav

Tue, 01/10/2012 - 19:47 | 2052237 malusDiaz
malusDiaz's picture

When do you expect production to peak?


I hold platinum as well, for the industrial catalyst to seporate H20 -> H+H+O, as an energy storage system / alternative to our dependence upon C8H18


--If it will rise by 5x-10x, that makes you a rabid silver bug, thats 150$ / 300$ an oz silver    (125/650 are my own targets)



Tue, 01/10/2012 - 22:25 | 2052847 trav7777
trav7777's picture

that's the 64k question, ain't it?

Silver's production doesn't appear to have really strongly plateaud for any real time so it's indeterminate at this point.  As far as 10x making me rabid, hardly...I would expect a tailwind over the course of a decade or longer.

Obviously, the BIGGEST wildcard in metals production and especially for silver and PGMs is the availability of energy.  Supposing we "muddle through" with NG or some other source, the supply declines against rising demand in metals could be very pronounced.

If, however, this does not occur - energy production dives like Cantarell - then silver won't be popping.  Its industrial uses will cease like industrial uses for a lot of things because industrial use period will decline with aggregate energy supply.

I'm not a strong enough believer in silver to amass any real large quantity of it.  For people who talk about "physical possession" so much, I would think they'd prefer something that they could actually possess, like on their person.  And carry.  Makes no sense whatsoever to talk about physical possession of something you can't take with you.  This is why holocaust survivors keep diamonds, gold, and currency in deposit boxes.

Wed, 01/11/2012 - 00:02 | 2053262 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Silver is monie.  There are two other things that function just the same:  gold and platinum.  Gold is $1600, platinum is $1500, silver is $30.  If any of your scenarios happens, you don't think silver will see a larger price increase percentage wise than the others?  If we begin to use PM as monie like we did for thousands of years, the one that has the most demand will see the greatest price increase. 

I don't think silver will be worth more than gold or platinum, based on supply, but I think silver will revert to at least a 15:1 ratio.

Wed, 01/11/2012 - 00:37 | 2053390 trav7777
trav7777's picture

we're not going to use this shit as money, ok?

Wed, 01/11/2012 - 01:42 | 2053479 Swarmee
Swarmee's picture

It's been used as money for most of human history, to the point where it has entered languages as the word for money, but you refute all of that so flippantly? Just because it's used in industry now, in the last century? Seems like it's worth while to bet on a reversion to mean here, the mean being silver used as money by society.

I'll take the history of civilization over the word of one 85 year lifespan human any day.

Wed, 01/11/2012 - 00:15 | 2053294 LudwigVon
LudwigVon's picture

'When will production peak'

"that's the 64k question"



"The BIGGEST wildcard in metals production and especially for silver and PGMs is the availability of energy."

"Supposing we "muddle through" with NG or some other source, the supply declines against rising demand in metals could be very pronounced, if grades fall. If Silver grades do not fall in this hypothetical, we may see a glut as investor demand dries along with trend or slight above trend industrial use, the marginal Silver consumption would have dissapeared at a time of increasing supply."

"If, however, this does not occur - energy production dives like Cantarell - then silver PRODUCTION won't be popping. A clean bull still emerges as supply falls faster than the combined rise in investor demand subtracting the (even total) loss of industrial consumption through the economic deflation this scenario provides."

"Its industrial uses will cease like industrial uses for a lot of things because industrial use period will decline with aggregate energy supply."


"For people who talk"

"physical possession"

"so much"

"like on their person."

"And carry."



"talk about physical possession"

"of something ..."

"keep diamonds, gold, and currency NOT in deposit boxes."

Wed, 01/11/2012 - 00:59 | 2053445 Kaiser Sousa
Kaiser Sousa's picture

just walked in aT 2 in the morn...i NORMALY and swore never to respond cause usually what u say is so stupid...

but being drunk i gotta say>>>>Trav, will u just shut the fuck up........PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Tue, 01/10/2012 - 21:11 | 2052545 Cyrano de Bivouac
Cyrano de Bivouac's picture

Trav-if I were to grade you as a relief pitcher I would say you have good stuff, a good deuce ,an assortment of junk pitches and some extra gas on your fastball but the last two weeks you have been serving up one gopher ball after another.

Tue, 01/10/2012 - 22:46 | 2052931 Calmyourself
Calmyourself's picture

Other than well knotted ropes, snark and an abiding love for tmosley what are you bullish on Trav?  I get lots of negative but little positive, let it fly lets hear it..

Tue, 01/10/2012 - 19:35 | 2052185 midtowng
midtowng's picture

It's OK becuase the Federal Reserve will just print more silver coins, right?

Tue, 01/10/2012 - 19:43 | 2052224 Conrad Murray
Conrad Murray's picture

I won't rule anything out in this world. But, the more likely scenario is that all these weak hand weekend warriors buying silver in expectations it will go to the moon(any day now mind you...for 3 years) will have to come back to reality in the near to mid term as they realize the end of the world isn't imminent, there are still bills to pay, and life/employment has left them in the dust as they've been retrofitting their doom bunkers.

There will continue to be plenty of supply as they are forced to sell to cover their anti-psychotic med costs, or their children sell when crazy ass dad kicks the bucket.

Tue, 01/10/2012 - 19:50 | 2052253's picture

Crazy people bad. You right to say mean things.

Tue, 01/10/2012 - 20:43 | 2052472 new game
new game's picture

they will issue "silver certificates" and PRoMISS to pay to the bearer on demand. opps we are plum out of the phys, your demand has been frozen and your demand cert. has been transfered to Jon cronyzine for review...


Tue, 01/10/2012 - 20:12 | 2052348 akak
akak's picture

But, the more likely scenario is that all these weak hand weekend warriors buying silver in expectations it will go to the moon(any day now mind you...for 3 years) will have to come back to reality in the near to mid term as they realize the end of the world isn't imminent, there are still bills to pay, and life/employment has left them in the dust as they've been retrofitting their doom bunkers.

Ad hominem much?

Those "weekend warriors" who have held silver for the longer term will ALSO have realized double-digit REAL returns on their silver savings, while you sheep who blindly follow the Party Line and sit in your Treasuries earning 2% and your bank CDs earning 0.00456% will continue to LOSE your savings to government-sponsored currency depreciation, not to mention risking most or all of your savings to the almost inevitable debt and currency crisis.

Tue, 01/10/2012 - 20:19 | 2052373 dugorama
dugorama's picture

"any day for three years".  actually at today's price we've seen the price of silver double in the last 3 years.  Nothing else in my portfolio smells as sweet.

Tue, 01/10/2012 - 20:28 | 2052410 SILVERGEDDON

Yo - CON rad- when I was about the age of your bitch ass portrait, a buck bought 4 gallons of gas, paper or silver. Today, same paper buck buys a quart of gas. The silver dollar buys SEVEN GALLONS!!!! No one got into silver for the end of the world, we did it because our time line is longer than your attention span, which appears to be shorter than your dick.

Silver is a long term hold. It is a safe haven as a real currency historically, and has many useful technological and industrial purposes, all of which will put pressure on the price as inflation and government debt print the paper dollar into the value of toilet paper over time.

Crazy ass dad and his silver may be the inheritance you dream of having one day. I hope you have a sibling with more common sense that dear old dad leaves the family first prize silver horde to instead of you. 

Second prize - this set of Ginsu steak knives! Third prize - there is no fucking third prize! You're fired! 

Tue, 01/10/2012 - 20:40 | 2052458 Missiondweller
Missiondweller's picture

You do realize silver was at $5 oz just a few years ago right?

Tue, 01/10/2012 - 22:38 | 2052899 WonderDawg
WonderDawg's picture

And could possibly be there again. No one has a crystal ball.

Tue, 01/10/2012 - 22:40 | 2052910 akak
akak's picture

Not without the price of oil going back to $25 for a prolonged period.

Do you REALLY think such a thing is even possible?

Wed, 01/11/2012 - 00:06 | 2053273 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

And S&P going to 500.  Ouch

Tue, 01/10/2012 - 22:54 | 2052968 Calmyourself
Calmyourself's picture

Conrad I dont get you, you never put a hand on Kimberly which was weird in itself and half the time you are all for stringing up bankers, oligarchs and general mayhem..  Two posts later; pay the bills, orthodontist appointment coming up, precious metals are a farce you crazy doomers..ha..

Consistency is a virtue friend..

Tue, 01/10/2012 - 19:39 | 2052204 Silver Bug
Silver Bug's picture

The Trend continues to be your Friend!

Tue, 01/10/2012 - 22:11 | 2052787 JPM Hater001
JPM Hater001's picture

Silly Don.

I dont think we will make it to July.

Tue, 01/10/2012 - 23:08 | 2053043 Gringo Viejo
Gringo Viejo's picture

It is what it is. JP can keep shorting paper until they can't. And "CAN'T" is just around the corner. Got Silver?

Tue, 01/10/2012 - 19:23 | 2052130 Sudden Debt
Tue, 01/10/2012 - 19:41 | 2052213 Rakshas
Rakshas's picture








RP has all my votes -  

Tue, 01/10/2012 - 19:52 | 2052261 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Can we start calling the "MSM" the "Obsolete Media"....because it doesn't matter anymore.  If someone believes it, they do because they are obsolete.  Then we can juxtopose it with the "real media", ie Zero Hedge.

Tue, 01/10/2012 - 19:58 | 2052293 Chupacabra-322
Chupacabra-322's picture

Actually, I've adopted Gerald Celente's reference.


Tue, 01/10/2012 - 20:05 | 2052322 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

That ones ok, but would you say it in front of your five year old?

"Daddy, what's a presstitute?"

"It's a cross between a hooker and a journalist sweetie."

The art of media war is delicate.  You need substance and wit.  We don't need to be cute, just accurate.

Tue, 01/10/2012 - 22:13 | 2052800 JPM Hater001
JPM Hater001's picture

"CBS just said RON PAUL's NAME!!! I SHIT YOU NOT!"

Quick...turn it on turn it on!!!!! 

Reminds me of Oprah talking about the first time (her words people and still quite true when rephrased)

We were so excited there was a negro (libertarian) on tv.

Tue, 01/10/2012 - 19:20 | 2052131 Backspin
Backspin's picture

One day Gold might be known as the "Poor Man's Silver".

Tue, 01/10/2012 - 19:25 | 2052144 trav7777
trav7777's picture


Tue, 01/10/2012 - 19:32 | 2052172 akak
akak's picture

However, trav777/Bob Moriarty IS going to known as "the poor man", period.

(if he is not already)

Tue, 01/10/2012 - 19:33 | 2052178 trav7777
trav7777's picture

so I'm somebody else now?

maybe I am Tyler Durden too huh?

Tue, 01/10/2012 - 19:52 | 2052266 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Tue, 01/10/2012 - 19:22 | 2052137 Cognitive Dissonance
Cognitive Dissonance's picture

Silver is the new Gold.

Tue, 01/10/2012 - 19:25 | 2052145 bigdumbnugly
bigdumbnugly's picture

burl ives thinks so anyway.  i noticed he mentions silver first.

Tue, 01/10/2012 - 19:30 | 2052163 NotApplicable
NotApplicable's picture

My favorite Christmas song (with Silver Bells at #2).

Tue, 01/10/2012 - 19:25 | 2052147 trav7777
trav7777's picture

silverbugz are the new idiots

Tue, 01/10/2012 - 19:30 | 2052157 akak
akak's picture

You know, it is interesting how you cowardly slunk away from the other thread regarding silver yesterday in which tmosley and I DEMOLISHED your feeble, laughable, utterly irrational and blindly hate-filled rants against silver and silver owners.  I skewered every one of your lies and absurd propagandistic anti-silver talking points, so what do you do?  Of course: run away, like the fool and the coward that you are.

In fact, you are so BLINDLY rageful, hateful and insane on the topic of silver, I am now officially outing you as that malicious, ridiculous "Nadler of Silver", Bob Moriarity.  You could not POSSIBLY be anybody else -- and the idiotic arguments, consistent irrationality, and overwhelming hate fit to a T.

Fuck you, Bob Moriarty!

Tue, 01/10/2012 - 19:36 | 2052187 trav7777
trav7777's picture couldn't demolish a pile of leaves, akock.

The thread went onto page 2.  I have better things to do with my life than go to old threads just to embarrass you or watch you make a fool of yourself.  There's a new thread every day in which that happens.

Who is Bob Moriarty, is that the guy who was the nemesis of Sherlock Holmes?  You're no Sherlock Holmes, not even a John Holmes.  You could be John Holmes's fluffer though

Tue, 01/10/2012 - 20:41 | 2052459 tmosley
tmosley's picture

You were still posting after it was on page two.  Not only that, but you ignored a lot of posts, and other posts you responded with nothing but more spittle, rather than answering the pointed questions that point out your hypocrisy and doublethink.

You are a failure, and you know it.  You can't win with logic, constancy, or fact, so you lie and turn up the volume.

Wed, 01/11/2012 - 15:41 | 2055583 JW n FL
JW n FL's picture



tmosley ,

Happy New Year! (belated) and Merry Christmas!!

God Love and God Bless You and Yours!!

I dont see your ugly mug around here enough any more? what gives??

are you to good for us now?

hanging at the strip club?

Buying more silver?


I hope it is great whatever it is and going your way!

Tue, 01/10/2012 - 19:30 | 2052167 bigdumbnugly
bigdumbnugly's picture

no, i was always an idiot.  trolls are the nouveau l'idiot.

Tue, 01/10/2012 - 19:31 | 2052169 NotApplicable
NotApplicable's picture

As decreed by the old standard idiot.

Tue, 01/10/2012 - 19:53 | 2052262 SilverDOG
SilverDOG's picture

Cognitive Dissonance,

Water will be the only competitive investment.

Tue, 01/10/2012 - 20:21 | 2052381 dugorama
dugorama's picture

yes, but how to invest?

Tue, 01/10/2012 - 19:25 | 2052142 Quintus
Quintus's picture

It's just as well for JPM's commodity trading desk that physical supply and demand is totally irrelevant to price 'Discovery' for Gold and Silver.  If the world ever wakes up to the fact that hyper re-hypothecated paper silver is NOT equal to actual physical silver in your hand, Blythe Masters has a real problem.

Tue, 01/10/2012 - 19:26 | 2052148 trav7777
trav7777's picture

you cretins think a bunch of doomers buying silver eagles makes a dent in the fkin silver supply?  LOL

It's time to put down the chinese AKs, put on a shirt and get out of the doublewide

Tue, 01/10/2012 - 19:34 | 2052170 Quintus
Quintus's picture

Yeah.  Because the fact that US investors bought more silver coins than the entire US mining production in 2011 is irrelevant.  And the fact that China no longer exports its silver, but keeps it for domestic consumption, is irrelevant.  And the fact that 750 million Indians are buying record quantities of silver is irrelevant.  

Do you have any fuckin' idea what the silver supply/demand dynamic is at the moment (If so, please provide details per your understanding) or do you just spout shite to amuse us, in the role of ZH court jester?

Tue, 01/10/2012 - 19:36 | 2052182 akak
akak's picture

Bob does indeed spout "shite", but I for one am not amused.


This pathetic, hate-filled troll has fully deserved the honor of being banned from ZeroHedge by now.  He adds NOTHING to any debate except personal attacks, malicious lies and puerile jibes at those who keep destroying his laughably weak and irrational anti-silver propaganda.


PS: trav777 = Bob Moriarty

Tue, 01/10/2012 - 19:40 | 2052210 trav7777
trav7777's picture

I'm the jester bc I told you to sell at 49?  Wow.  ZH sure is full of really smart, sharp people.  Wow, you all are so impressive with your stacks of silver worth half as much as 6 months ago.

750M indians buying silver?  With what, the TWO dollars a day the average one of them earns?  They don't collect food stamps like you so that doesn't leave much disposible income.

Silver supply/demand can be checked through a variety of sources.

Tue, 01/10/2012 - 19:55 | 2052275 Quintus
Quintus's picture

"Silver supply/demand can be checked through a variety of sources."

Go on then, cite your sources.  I know the details,  I wasn't actually asking you for the purpose of my own enlightenment.  If you are such an expert, can you PLEASE tell us (Since you have all the facts and KNOW why silver is overvalued) how much is produced, how much is consumed in industry, how much is available in existing stockpiles, how much is absorbed as investment and how much is recycled as scrap supply.

If you can demonstrate using recognised data that there is a global surplus then perhaps I will agree that supply > demand and therefore price should decline.

Ball's in your court loudmouth. Or would you rather jingle your belled hat and regale us with more of your humourous quips and japes?


Tue, 01/10/2012 - 20:13 | 2052344 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Tue, 01/10/2012 - 21:22 | 2052595 dugorama
dugorama's picture

a dual duel!

Tue, 01/10/2012 - 22:03 | 2052754 trav7777
trav7777's picture

why are you asking me questions for which you already know the answer?

When you answer that, follow with why you think I am saying silver is undervalued because I wasn't cheerleading the recent bubble.

Then, finish with where I said supply > demand and that price should decline.

As an aside, silver production and consumption figures can be pulled off the web with a simple search for "silver annual production consumption." 

Tue, 01/10/2012 - 23:44 | 2053180 whaletail
whaletail's picture

...warrior needs food...badly...

Tue, 01/10/2012 - 22:17 | 2052817 fuu
fuu's picture

<a stunning right cross from Quintus>

Tue, 01/10/2012 - 20:15 | 2052353 jackpagan
jackpagan's picture

No Trav, you said to sell at $20, then $25, then $30, then $35, then $40 then $45 becuase it wasn't going any higher. You were wrong all those times and you are wrong now. Folks, buy physical, get delivery and have patience. I've been long since $12.88, the endgame is almost here.

Tue, 01/10/2012 - 22:04 | 2052757 trav7777
trav7777's picture

no; I never said to sell at any of those price points

Tue, 01/10/2012 - 23:17 | 2053076 oddjob
oddjob's picture

Lying sack of feces.

Tue, 01/10/2012 - 23:46 | 2053192 whaletail
whaletail's picture

Robert-why wouldn't you cop to selling at ANY of those prices considering your view on silver as a doomer's wet dream? 

Wed, 01/11/2012 - 13:39 | 2055032 jackpagan
jackpagan's picture

Yeah you did Trav, yeah you did.

Tue, 01/10/2012 - 21:12 | 2052563 XenoFrog
XenoFrog's picture

30 is not half of 49

Tue, 01/10/2012 - 19:32 | 2052174 NotApplicable
NotApplicable's picture

Well, I'm not finding them for $9 anymore, how about you?

Tue, 01/10/2012 - 19:36 | 2052189 LynRobison
LynRobison's picture

Silver Eagle sales exceeded total U.S. silver production. (See Yeah, I'd say that silver eagle sales make a dent in the silver supply. 

Tue, 01/10/2012 - 19:41 | 2052212 trav7777
trav7777's picture

The US is a minor silver supplier...

Tue, 01/10/2012 - 20:01 | 2052303 SilverDOG
SilverDOG's picture


Correct, so USA will need to import silver to meet demand. 

US one (1) oz silver eagle minted in 2011 consumed all US mined silver.

The US mint consumed silver for additional coins as well.

This WILL have an impact upon supply; globally.

Price... perhaps, as soon as you paper smokers smell it burning.


Tue, 01/10/2012 - 20:17 | 2052366 americanspirit
americanspirit's picture

minor point - by law the US Mint must make silver Eagles with US-mined silver only. Changes one's perspective a wee bit, doesn't it?

Tue, 01/10/2012 - 20:43 | 2052469 tmosley
tmosley's picture

First, not only.

Tue, 01/10/2012 - 22:25 | 2052848 americanspirit
americanspirit's picture

correct - thank you!

Tue, 01/10/2012 - 20:03 | 2052318 Quintus
Quintus's picture

At 1,250 tonnes in 2011 US comes in at Number 7 in the world with only 400 tonnes less than Australia at #4.

Hardly minor. 

Tue, 01/10/2012 - 20:05 | 2052321 Long-John-Silver
Long-John-Silver's picture

It used to be the worlds major supplier. You make the case in point that we are on the backside of peak silver.

Tue, 01/10/2012 - 22:04 | 2052761 trav7777
trav7777's picture

well, peak oil discussions go so poorly around here, you'd better watch out with this assertion of such a thing as peak silver production.

Tue, 01/10/2012 - 20:07 | 2052330 XitSam
XitSam's picture

Not that I want to defend Trav, but it is.  World production about 735 million oz, US production about 40 milliion oz.  About 5.5 % of world supply.

Tue, 01/10/2012 - 21:30 | 2052622 lemonobrien
lemonobrien's picture

what you don't understand trav, is there is a law written by ron paul that says the mint has to sell silver coins as long as there is demand.

Tue, 01/10/2012 - 20:04 | 2052317's picture

you cretins think a bunch of doomers buying silver eagles makes a dent in the fkin silver supply?  LOL


For the first time in history, Silver Eagle & Maple Leaf sales will surpass domestic silver production in the U.S. and Canada in 2011

The demand for American Silver Eagles and Canadian Maple Leaf coins has increased tremendously over the past several years.  2011 will be the first year in which official coin sales will surpass domestic silver production in both countries.


Tue, 01/10/2012 - 19:26 | 2052149 rqb1
rqb1's picture

this is the year

Tue, 01/10/2012 - 19:39 | 2052203 Deo vindice
Deo vindice's picture

Silver should climb this year, but if TPTB want Obama back in office this will not be the year for silver to ballistic.  But it will come early 2013.

Tue, 01/10/2012 - 19:26 | 2052143 Caviar Emptor
Caviar Emptor's picture

This is beautiful:



Bank Of America Plaza In Atlanta Threatened With Foreclosure




In an ironic twist, a building bearing the name of a bank closely associated with the foreclosure crisis may soon be facing foreclosure itself.

Bank of America plaza, Atlanta's tallest building, may soon face foreclosure if BentleyForbes, thecommercial real estate investment company that owns the 55-story tower, proves unable to avoid loan failure through negotiations, the Atlanta Journal Constitution reports (h/t InvestorPlace). Outside of skyscrapers in Chicago and New York, it is the tallest building in the Western Hemisphere.

"Bank of America is a tenant at Bank of America plaza,"


Tue, 01/10/2012 - 19:42 | 2052215 Ratscam
Ratscam's picture

synchronicity at its best!

Tue, 01/10/2012 - 19:26 | 2052151 Bansters-in-my-...
Bansters-in-my- feces's picture

This must be why the price of silver keeps dropping,or not allowed to gain. Fuck you's Bankers.

Tue, 01/10/2012 - 19:34 | 2052176 mossme89
mossme89's picture

Think about it like this: Buying Silver now is like getting 55% off a $5 cup of coffee :)

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