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Guest Post: Breaking The Silver Manipulation Barrier
Submitted by Brandon Smith of Alt Market
Breaking The Silver Manipulation Barrier
In 2011, so far gold has been the champion investment above and beyond any contender, including stocks and equities. At the announcement of the S&P downgrade of America’s credit rating, only gold showcased immunity. In fact, gold has thrived (as we predicted) in the face of any potential economic threat, from deflation in stocks, to inflation of fiat currencies. Some may wonder, though, where silver has been while its big brother is flexing its investment muscle? While traditionally, silver tends to follow market surges in gold, the past eight months have been rather confusing for the cheaper metal. Admittedly, silver has performed far beyond the predictions of slow witted mainstream skeptics, but it still has not come anywhere near its true potential, especially in light of gold’s incredible strides. Many may be wondering how it was possible for gold to stampede into the $1800 an ounce range after the downgrade while silver stayed completely static at around $40 an ounce. The behavior of commodities markets has been, indeed, very strange…
The common assertion by MSM pundits is that because silver has a larger industrial market than gold, silver is affected more negatively when stocks decline. This is absurd logic. Silver is still very much an alternative currency and just as much a hedge against market instability as gold is. All told, silver should actually be MORE apt to increase during economic uncertainty than gold, because of its wider industrial usage and subsequent decreasing supply. The “utility argument” for decreasing silver values just doesn’t fly.
As many are well aware, silver is a much smaller market than gold, with fewer primary players in control of tighter trade. Most of us are also well aware that one of these players, JP Morgan Chase, was exposed as a massive silver manipulator in 2010 by commodities trader Andrew Maguire. Gold and silver investors have been demanding a Commodity Futures Trading Commission (CFTC) investigation of such manipulation for decades. These demands fell on deaf ears, and claimants were quickly disregarded as “conspiracy theorists”. Issuers of ETFs (paper silver or gold) have long circulated silver equities supposedly backed by real metal, but when investors began to notice that the amount of paper issued far surpassed the amount of real silver in actual circulation, the scale of the manipulation in progress became quite clear. Global banks were purposely driving down the value of silver by creating the illusion that there is a greater silver supply than there actually is. JP Morgan has also been caught red handed initiating coordinated naked short selling of silver equities as a way to fool average investors into believing that demand for the metal is falling.
With the Maguire revelation, the hope was that the CFTC would finally do their job and take market manipulation seriously. So far, they have not. Maguire’s evidence and testimony have been ignored, investigations were limited to a few pointless committee hearings, and the global bank ETF fraud continues.
Another snake in the grass when it comes to precious metals investment is the COMEX itself. The COMEX is not a free market by any means of the term. It is in fact a highly micromanaged exchange owned and operated by an organization called the CME Group based out of Chicago. CME is the preeminent hand in the flow of trade in all commodities (at least until recently). Their main method for stifling the rise in metals is the use of “margin hikes”. Buying silver equities “on margin” allows investors to borrow capital from a company with a certain percentage of their own cash as collateral, in order to get more silver than they would using their personal funds alone. When the silver margin sits at 50%, for example, an investor with $10,000 can borrow from the company to buy $20,000 worth of securities (ETFs). However, if the CME increases the margin from 50% to 75%, that investor will have to quickly increase his collateral by 25% or lower his silver holdings. CME has the ability to make these changes at will, and such margin hikes have the ability to trigger massive sell-offs in metals, especially silver. In May of this year, as silver edged towards $50 an ounce, CME hiked margins four times! Three times in the span of only seven days! Investors scrambled to unload their ETF’s, which they could no longer afford to collateralize, and silver’s price plummeted to around $30 an ounce.
The CME (and the idiots who defend the CME) often claim that they must raise margins aggressively in order to offset market volatility caused by “speculators”. Strangely, though, there was NO VOLATILITY in silver markets in May. Not until the CME actually increased margins, creating an engineered dump of equities. This forced reduction in silver prices also greatly benefits consistent short selling manipulators like JP Morgan and HSBC, but that’s just a coincidence, I’m sure.
Obviously, someone out there does not like the idea of silver crossing the historic $50 an ounce mark…
So, the next logical question is; how long will this manipulation go on, and how can we fight back? The keys to the end of commodities manipulation may already be in play, while methods for combating centralized control of metals are increasing. Here’s why…
China Competes With The Comex
As of this summer China now has its own Comex, called the Hong Kong Mercantile Exchange. The exchange opened for trade on May 18th (the CME’s incredible margin hikes in silver began only weeks before, which suggests to me that they were trying to preempt the positive effects the HKMEX would have on metals). The HKMEX moved into action only five months after the Chinese Pan American Gold Exchange was instituted. The exchange issues its own ETF’s in gold and silver. These securities, though, are not based on leverage or derivatives like most Comex based ETFs. The bottom line; the Comex global monopoly on commodities trade is over:
http://www.chinadaily.com.cn/bizchina/2011-01/13/content_11846539.htm
http://af.reuters.com/article/metalsNews/idAFL3E7II0W920110718
This would explain gold’s unstoppable expansion into the $1800 range, and how silver was able to climb back after the CME’s brutal margin manipulation into the $40 range. Only last week, the CME issued a margin hike on gold of 22%. Despite this the fall in gold was minimal, showing that their influence, though vast, is beginning to wane. With competition, manipulation becomes more difficult, and room for growth is created.
The new Hong Kong Exchange coupled with the now explosive buying of physical PM’s by Chinese consumers is slowly but surely overriding the long prevailing manipulations of corporate robber barons intent on ensuring gold and silver are never treated as a currency alternative to the dollar. Silver markets in the East were set into motion a bit more slowly than gold markets were, but given a little more time, I suspect that the resultant spike in silver prices will be the same.
Global Silver Investment Growing
World investment in silver rose by an impressive 40% in 2010 and industrial use increased by 12%, while global supply from mining production only increased by 5%. Growth of demand severely outweighs the growth of supply. After the opening of the HKMEX, China rushed into silver markets. The CME margin hikes that caused the substantial drop in silver spot price in May only served to create a buying opportunity for those investors smart enough to see the writing on the wall. After the S&P downgrade of the U.S. AAA credit rating, silver values did not skyrocket like gold’s, but in the face of extensive manipulation attempts by the CME and major banks, silver’s steadfast hold to its current prices says quite a bit about is resiliency.
One very important factor to consider is that silver is the common man’s currency, and has been for thousands of years. Both gold and silver are solid hedges against financial crisis, especially inflation. However, silver retains more accessibility. As gold continues its climb into the thousands of dollars per ounce, silver will become more appealing to those of us who want to protect our savings, but can’t afford gold. Being that the economic crisis we currently face is unfolding in almost every nation, the demand for a safe haven will increase exponentially. It is only a matter of time before silver is engulfed by an enormous surge of buyers.
With the Federal Reserve continuing to print progressively devaluing dollars, the European Central Bank announcing its own TARP measures, and China in the midst of a full-on inflationary battle royale, national currencies are undoubtedly losing market favor. Gold’s price will soon become unreachable for common people, but silver will be there to fill the void.
How To Break The Barrier
Methods for smaller investors to fight back against the market manipulations of large banks have been sparse, and often limited to desperate appeals to the CFTC and the government, who are bought and paid for, and who have no intention of ever stopping global financiers from dragging their unwashed behinds across the face of the planet. Relying on bureaucrats to mend the wounds they themselves encouraged or inflicted is foolhardy, to say the least. Top down solutions are NOT an option now, and I’m not sure if they ever were. This leaves us with only one other choice; to fix the problem with our own hands from the bottom up. This is, of course, easier said than done…
In the case of silver manipulation, what we are faced with is an unprecedented effort to subvert and suppress an alternative system so that the mainstream system can continue to assert control over our financial lives. To effectively confront this issue, we must first end our reliance of the mainstream system. The longer we continue to participate in the fraud, the longer it will go on. Here are just a few strategies for decoupling, and walking away from the rigged game…
1) End The ETF Casino: If you play the ETF lottery, for god sakes, STOP! You are only perpetuating the con-game that is paper silver. While the allure of speed of light silver trade can be overwhelming, the bottom line is that even though you may think you have the market right where you want it, you don’t. ETFs are an amazing rip off. Trade fees can nickel and dime smaller traders to death. ETFs being held, even without trade, lose value through numerous surcharges as companies nibble away at your holdings. Most ETFs also will NOT allow you to take physical delivery of silver when cashing out your equities unless you have extensive holdings, and even then, it may take months for the silver to reach your doorstep. Because banks issue ETFs for silver they don’t actually have, they would never allow you to exchange them for physical if they can help it. Otherwise, the scam would be exposed, and they would be out of business.
Playing the margins is shear stupidity when you realize that global banks are hell bent on suppressing silver values. There is no rhyme or reason to silver ETFs and margin hikes beyond the whims of corporate puppeteers. Mainstream analysts can pretend as if there is a hard science to this brand of investment, but in reality, it is a large and very expensive joke. Unless you have a crystal ball, your only other tactic for discerning when to sell is pure luck. The very idea of the CME being able to control the price of physical by hiking the margins of paper securities that represent silver that doesn’t even exist is a farce beyond reckoning.
Buy physical, not paper. Be a part of the solution, not part of the problem.
2) Vault Storage Depositories: If you aren’t a buy and hold investor, and insist on participating in short term selling strategies, there is an effective (and smarter) alternative to ETFs and the fake paper market. Silver and gold vault storage depositories allow you to buy and store large quantities of physical metal while having the option of liquidating your holdings for cash just as quickly as if you were selling ETFs. Depositories do not charge hidden fees and do not reduce your silver holdings while they are in the vault. What you put in is what you get back. Period.
Because your silver is already sitting in their vault, a mere phone call allows you to liquidate a portion or all of your stock into cash whenever you wish, just like ETFs, but without the fraud. On top of this, depositories will deliver any or all of your silver or gold on demand to your doorstep, usually within 48 hours. If a sizable number of silver investors switched from ETFs to vault depositories, the ETF market would crumble, and market manipulation would end.
3) Encourage Physical Trade: Max Keiser’s ‘Crash JP Morgan’ campaign was an excellent first step in encouraging silver investment by showing average Americans that they can hurt the big banks simply by purchasing something they don’t want you to have. The next logical step would be to, of course, encourage larger ETF investors to demand physical delivery on their holdings by showing them the folly of the market itself, and, to encourage average investors to actually utilize the silver they buy not just to crash the banks, but for organized trade.
The construction of silver based barter markets must become a priority. Owning silver is not enough. We must start to use it in place of dollars if we are to have any control over our own economy. Barter efforts like this are becoming much more common, but we are still a far cry from full scale utilization of alternative currencies. With the implosion of
the dollar, it will only be a matter of time before metals take primacy as a means of trade, so why not get a head start now? Eventually, the increased circulation of physical will allow the free market to determine the natural value of silver and gold, instead of the subjugated paper market, until finally, the mainstream spot price is completely irrelevant.
4) Offer Incentives: For business owners or for those who are involved in private barter, offering incentives to those who pay in physical would encourage more silver investment, and by extension, more silver circulation as a currency. Add a certain percentage above spot price for silver trade, or, offer a discount on goods or services to those who pay in silver. Businesses, for that matter, could very well give their employees the option of being paid in silver, completing the currency circle and the flow of commerce. The more silver is used day to day, the harder it is for banks to control, and the more its value will rise.
All economies larger than a small village need a unit of trade beyond the barter of goods and services. They also need a unit of trade that maintains its value and buying power, instead of devaluing, inflating, and destroying the savings of those who hold it. Precious metals are the only existing option that can take on this role, and silver is the most attainable for average people. There is a reason why MSM analysts and establishment economists have been trying to crush interest in PM’s for years. There is a reason why global banks have gone out of their way to suppress the market values of metals. The second Americans realize there are other choices, other systems for living and working beyond the controlled paradigm we have been handed, the illusion slips away, and centralization becomes a memory. This is true for all aspects of economic structure, social structure, and political structure, not just for silver or gold. Ultimately, though, we have to start somewhere, and silver is as good a place as any.
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I have a machine shop located behind my home. Posted on the wall is a labour rate sign.
Shop Time is 2 troy ounces Silver per hour.
Gold is accepted as well dependent on market price.
US Dollars are not accepted under any condition.
I did this to dissuade people from walking in and asking if I would repair or make parts for whatever they had.
90% of the time they needed parts for an antique or orphaned tractor or it's equipment. The other 10% is
this new crap that is designed to operate just long enough to get it past it's warranty expression date.
Needless to say I was shocked when a farmer that lives down the road drove up on his tractor with a sprayer
attached that had a busted drive shaft. He had 6 Silver Eagles in hand to pay for the work. I broke down my lathe
and mill stopping a production run and took care of him. It only took 55 minutes to fix his sprayer so I took
2 Silver Eagles. He was very happy he could get back to work and finish spraying his fields. It took me 3 hours
to reset my lathe and mill so I actually lost money on this deal. I still have my labour rate hanging up in my shop.
I'm also conducting business in silver. I placed pre '64 quarters and dimes into circulation at my two bodegas. I have big signs above the registers with the daily melt values showing the value of a quarter and a dime rounded to 10¢. http://www.coinflation.com/silver_coin_values.html I have programmed my registers w/ 2 buttons for receiving and changing. One button is quarters - the other button is dimes. I program the melt-values at least two times a week. I'm sure to have some brochures about silver on the counter. http://www.edrsilver.com/i/pdf/SilverFacts2009.pdf I began by shrinkwrapping the quarters in 35mm slide holders, but I ran out and now I have to actually check the dates on the loose ones (which is really the biggest hassle), but some customers have been wrapping the coins in scotch tape to tell them apart. I've put about $1200 face value per store in circulation in the last six months and lo and behold I have a steady stream of regulars using the silver coins for most purchases. The till averages about +/- $100 face in silver a day. Some of the employees will cash their paycheck and get a 50/50 mix of silver and paper. My sales have gone up 20% since I started this. The restaurant next door has started taking the quarters and he's paid his produce bill in silver quarters on numerous occasions. The last time he did it we both laughed as he paid his $70 bill w/ ten quarters and got change back. Fuck the banks. The future is now.
:)
love reading stories like this! thanks for taking the time to post them guys.
in the past 6 months we've acquired a farm vehicle & various tools via silver exchanges - the silver was used for payment, after a few conversations got both sides on the same page - I've also used silver to compensate labour, in fact, there's land being cleared of invasive overgrowth today, where another hoop-house is going up soon - paying for this chore with silver.
many of the people looking for work are receptive to bartering their time for PM - I've also paid fiat for parts & PM for the labour, as I realise parts are still paid for with fiat - but convincing folk to accept PM for labour is getting easier by the day - AND, they're out there talking up the idea to others - that's what it's all about! keepin' it local too.
LJS --
I actually felt a little twinge of envy when I read that. Envy is not one of my usual sins. I have actually caught myself fantasizing recently about the ability to work metal, instead of only wood. I wish there were sort of a metal-working-for-idiots book somewhere.
To me, gold is not more precious than silver. But steel -- might be.
I find machining metal much easier than woodwork. I do both but I much prefer metal. You can teach yourself to become a machinist.
http://www.machineshopcourse.com/
Gold isn't an alternate currency neither is silver. They are no more currencies than stainless, cotton, corn, or pork bellies.
You may now return to your regularly scheduled circle jerk.
Paper is used to wipe your ass.
Whiz
You are correcto! Gold and silver are NOT currencies. They are money. Big diff! They have been the ONLY true money for thousands of years. All the rest are currencies. Purported to act their behalf, except the temptation to print is too much. Can't print up more gold or silver - thats why the bansters hate them so much.
Those are all items of trade, therefore currencies, or 'money' or whatever you want to label something that someone else is willing to give you for what youve got.
WhizBang's obviously short AU and AG. A pity.
Ty;er,
Some light reading and to post:
Lots of fluff.
35th Annual Economic Policy Conference
http://research.stlouisfed.org/conferences/policyconf/35program.html
There's not much to say about silver, except that there is 17.5x more silver in the ground than gold, not 43x.
So as usual, there will be a "reversion to the mean" in the future. Just like one ounce of gold will buy the Dow again.
Trivia question: How many people know the ONLY place in the universe where gold and silver, not to mention everything besides Hydrogen and Helium, are made?
I give up -- how many people?
Silver's weakness is a reason to short it aggressively when gold corrects - negative divergence.
Moreover if we accept the ZH premise that the Fed is waiting for a panic before QE, then stock prices have some way to fall. There's not enough crisis right now for the opportunity. But precipitated by what, perhaps another Lehman-like event (BAC, SocGen)? Liquidations, redemptions & margin calls would cause a scarcity of dollars, gold will dip and silver will plummet.
Anyway, TPTB aren't stupid, they know the fiat system is ending. Controlled burn. There's not going to be a devolution into utter chaos, there's not going to be guillotines in the streets and zombie hordes. There will be a reboot with Money v2.0 installed.
Don't buy silver until the bottom of the deflationary crash that prompts the hyperinflationary response.
You're absolutely right about the guillotines. There will be none. This is unthinkable.
Instead, there will be gallows in the streets.
And birds pecking the intestines out of the rotten dangling corpses, as well as the eyeballs.
Also to the poster who says silver will plummet... well that is nothing to be afraid of but embraced with more Bid orders cash taking delivery. "Backing up the truck" is the ZH term for that.
Once Money V.2 installation is complete nationwide....
I for one will very much want to know how many V.2.o Money can be purchased with one Silver or Gold coin. or what happens to student loans or other debts to people under the old Dollar version that has been wiped out during installation of Money 2.0
loans have to get repaid in the currency called for in their respective contracts... while some may think that a hyperinflationary burn off would allow them to repay their creditors with nothing, I think it is prudent to also be able to articulate how one acquires these dollars... considering the money supply is virtually all debt (and electronic at that), the wealth gap, and likely pervasive depressionary economic conditions. Further, when the government is your creditor (which it will necessarily end up being if we languish away in bi-flation for much longer), rosy aspirations get gutted rather quickly and the rules change against you.
gold is in steadier hands than silver. i invested in gold coins 10 years ago, but i traded physical silver this year. i would never do that with my physical gold, unless i had a huge trend change, like fiscal/monetary normalcy. so never, probably.
so margin changes and added retail participation alter silver volatility more than gold. also, central banks are not accumulating silver.
Well the Peoples Bank of China sees the demand for silver in China is BOOMING. The demand is so strong for the Chinese silver ‘Panda’ coins, the PBOC is set to double the maximum issuance of coins for 2011. China is importing about 250 metric tons of silver per month.
No dodgy ETF's
No margin
No cash settlements.
Right right right.
Quit shooting yourself and your friends in the face: take delivery.
Accept it as payment for goods/services (void where prohibited, poussy).
Let's all just hope silver stays at 40 for another 6 months or more so we can keep buying cheap.
Stocks are depleting, and banks will get nationalized and countries default.
By than, everybody and every fund will rush to gold and silver and what we bought cheap will go up X20, X40.
I fear we don't have 6 months.
I actually have some items on order that must deliver this year and they seem to be on time and budget.
If I don't see delivery this year.... things are going to get dicey.
I'm getting actually nervous about this. I've still have to wait 2 and 4 months before I get my 2 bonusses this year on which I want to buy another pretty amount of silver.
October I'll buy phillies and Amernian rounds because they are the cheapest and at newyear I've got my eyes set on the Lunar Dragons 2012. I think they'll bring me luck because my constalation is also dragon AND THE DRAGON MEANS LUCK! :)
And after those 2 purchases, I'M SAVING TO BUY A FUCKING STRONG VAULT!
I am a "Fire Horse" on the Chinese year Graph myself.
Hello to Belgium!
I spent yesterday in Waterloo at the Butte du Lion, BBQ at a friend's, and somehow it did NOT rain!
Anyways, I know exactly what you mean. I tend to buy silver as I find good deals, and the longer spot price stays under 40, the longer silver stays under the general public's radar.
Just today, I managed to buy 9 beautiful 50 gram rounds of 999 silver for a combined 280 euros. This will be impossible as soon as people find out that silver is actually valuable.
+1
Mega-Rich are buying more gold as safe haven says WSJ:
"Rather than investing in stocks or companies that can create jobs, they are betting on continued volatility and slow growth by hoarding cash, gold and other safety assets."
http://finance.yahoo.com/banking-budgeting/article/113324/rich-shy-from-...
It will be as sad thing for all those holding silver when gold skyrockets up, and never looks back..; They will feel they were sooo close and they will have nothing...
There is only one winner in this race... and that is gold.. because there is no silver in central banks... none..
FOFOA, is that you?
Silver For The People
http://www.youtube.com/user/BrotherJohnF?feature=mhee
It is again nearly impossible to cut through the astro turfing around here.
Silver could be at 50$ pretty soon, according to this chart, bitchez:
http://forum.finanzen.net/board/anonymize/attachment.m?aid=430279
Bix Weir on silver (9 August 2011):
“The main battles for the banksters are in the silver markets and they are doing absolutely everything they can to project to the world that silver is not the place to be, silver is not a monetary metal and silver is not a safe haven.. but we know that is complete bullshit … banksters are trying their best to protect silver, and not gold … silver is the metal that can destroy the entire monetary system .. taking out JP Morgan would start a crash in the derivatives market that is unrecoverable … and thats where all their power is going to protect the silver market so people don’t rush in and buy physical silver”
http://silverrevolucion.wordpress.com/
www.silverrevolucion.com
My guess is that they are supressing the price of silver precisely because it is an industrial metal also. If silver went to $150 an ounce how much would that raise the cost of an iPad, TV, computer.... ect. gots to keep the masses occupied.... Just sayin'......
Not much. Not much than already is....
I do have some portable water filteration that uses actual silver and those will get pricey "ier" than what they were before. My USMC boots have a bit of silver in them and certainly some of the other things around the home has some nickel and some silver too.
I have made small silver purchases 14 times so far this year. Each time I have managed to buy in at the peak high price of the week. I feel obligated to notify you all in advance that I am getting ready to make another purchase, so if I were you, I'd get ready to short a few ounces, as a decline in the market is most certainly sure to follow. I'll keep you posted and let you know when it's safe to come out again.
Anything under 50 down into the 30's is fair game. I quit worrying about the buys I made at 51.50 once a while back.
I still have those coins in play.
But that was quite a day watching Silver Physical rise and fall something like 12 dollars trough to peak.
FOFOA has the best explanation for why silver CANNOT be a significant monetary metal. Sorry I used to 'wanna believe' too but unstable stocks, increasing industrial uses and the long lead enjoyed by gold are all facts. I recommend reading his work before putting more money into silver (if your investment strategy depends upon silver being used as money again.)
People buy silver as a hedge against inflation, and gold as a hedge against both inflation and the uncertainty surrounding deflation. I don't think anybody here is stupid or idealistic enough to think that one day 300 million Americans are going to use silver for daily exchanges, or that modern governments will return to the gold standard after everything they made to abandon it.
Gee! That's funny! I could have sworn that up until 1965, Americans DID use silver for daily exchanges... I must have been hallucinating for the first 20 years of my live! Stupid me!
Yes, but those coins also traded at face value, before and after 1965. Further, 99.9% of all Americans can't tell the difference between a 1960 quarter and a 1970 one, i.e they're both worth $.25 (face value). Attempts to 'educate' your counterparty to the contrary not withstanding.....
Here are 11 reports on silver including the Silver Bullet and the Silver Shield which has been read 400,000 times and translated into 7 languages.
Understanding silver is understanding freedom.
http://dont-tread-on.me/the-ultimate-silver-investor/
Sons of Liberty Academy FTW!
"The Silver and Oil Connection" - http://www.youtube.com/watch?v=WAkZ_Mu-aOY
I really get a kick out of the astonishing ignorance and BS bandied about regarding silver.
"Industrial" = weakness? Not hardly. Where does silver come from? Primarily from copper mines? Have you noticed a lot of new home construction in your neighborhood recently? Neither did the copper mine owners, who will probably shut them down soon for the duration of the Depression. Do they use silver in solar panels? Know why? It is the best reflector of photons known to man. Peak oil? Nuke plants breaking down? You might see a few solar panels being made over the next few years. Do they use silver in electronics? Know why? It is the best conductor of both heat and electrons known to man. Think that means it has any application to technology? Only that it is IRREPLACEABLE.
"Silver is NOT a currency" No shit. It is money. Has been for thousands of years. Usually at a rate equalling 1/16 the value of gold. Which means silver can DOUBLE or TRIPLE from today's value and still be in its "normal" range.
Which it WON'T. Know why? Because the CRIMEX - JPMorgue- Fed Banksters Cartel has had the green light ever since the HUNT BROS CORNER ATTEMPT, to manipualate and suppress the price of silver. Now, it has has the heaviest concentration of SHORTS of any commodity traded.
Which WILL serve as rocket fuel to the thousands if not millions of little guys who will accumulate, invest, and speculate the price towards infinity.
Silver was the leader over gold in 2010. Silver appreciated 100% in 2010. It is leading gold so far in 2011. Do you know where YOUR MONEY is?
Well they dried out the midwest. Now they are liquifying it with massive thunderstorms. Oklahoma broke all it's long standing records on heat and average temperature and then promptly broke a rainfall record by .2 inches.
My ears are ringing and haarp is singing.
The real mean people are coming.
Heph, you know I love AND respect you. Talk to me man. Why do you believe this haarp stuff?
perhaps he's done his research.
Therein lies my problem, I do not believe what I have read. The sites I find negative stuff about it on are sensationalistic and they also talk about aliens and things that are over the top coo-coo for coco puffs.
try looking up patents, government documents, etc. - the woo-woo sites exist, just like dodgy "financial" sites - dis-info is rampant right now.
http://www.blackanthem.com/scitech/military_2006042105.html
http://transitiontownsireland.ning.com/profiles/blogs/haarp-an-eu-report...
the above link is taken from this comment thread, which might also be of interest:
http://www.technologyreview.com/blog/arxiv/26773/
I don't have most of my old links available where I am just now, and I'm also a believer in others doing research & following those things that ring true - there is a LOT of information, documents, vids, etc - it's not good to try & "know" everything at once, IMO, but incorporate it gradually, it can be a bit "depressing" to know - like financial stuffs for many, right? everyone has their line in the sand preventing a tip into despair or anger, it's best to let individuals learn at a rate comfortable.
know that this is linked to modification of weather, and it's been going on for decades - but really ramped since late 90's - if you look into one, you'll eventually find the other. . .
http://www.stopsprayingcalifornia.com/Weather_Modification_&_Chemtrails.php
don't eat it all in one gulp, k? =]
Thanks, this is why I asked, for me there is dissonance with the idea that people that do not seem nuts believe something that I think seems nutty. Often, even if I don't "buy" a thing, I can at least figure out why others do and respect it. I will spend some time with this. While it does start from a place that feels very science fiction, I will try to keep an open mind.
I agree with you some. HAARP is somewhat nutty. But you have to understand mass interaction. That was what bugged the shit out of me in engineering is you are constantly laying down an invisible line and saying this mass is inside the analysis zone and this mass is exernal to the analysis zone. Energy works on matter and only on matter. It won't interact without partners. And you can overly simplify a problem by picking the wrong mix of self and other and running the wrong differential equations on them.
HAARP isn't a earthquake machine or a weather machine but it's a seed for those things. And needs all kinds of other chemical and technological help. I didn't become convinced about it till I started seeing the consipiracy behind silver used for cloud seeding.
The problem is thinking. When you think you are reliant on a physical brain and your thinking is constantly affected by the matter stream and energy stream. Which is why it's so easy to get this stuff "polluted" with crazy talk and aliens and shit.
Haarp can't cause earthquakes. But it can get the sun to cause them. It can't cause weather but it can get the sun to cause it by drying out a place or leaving a place with low "attention". You see haarp is able to slightly change the focus and attention that physical matter plays on each other. You take a bajillion atoms and haarp can make millions of those stand out and recieve and give more attention and energy. You'd have to study concepts like boltzman's demon and thermodynamics to understand probability spreading in a large mass system.
Plus I don't have to believe or disbelieve haarp. I can feel it. It always puts out signals but with very low energy. But when it ramps up it doesn't change what "shows" up on instruments. But you can feel the intensity switch. Here the ringing in the ears. Feel the physical "revultion" signal.
But stay skeptical. You have to try to understand these things all by yourself. If you try to do it with other people. You'll end up poisoned and polluted by bullshit as you're playing with very deceptive very willfull conciousnesses. So keep a closed mind. With complete control over how it's opened or when or why or where.
Don't forget to do research on FEMA camps while you're at it.
The silver and gold action is not strange at all. First off, remember that silver is up 10x from its lows, while gold is up about 6x.
Silver prices made a superspike this spring, which tends to exhaust the market for a bit. Gold's rise has been more orderly.
Silver behaves like more of a "risk-on," industrial commodity than gold, which trades like a safe-haven currency. In the de-risking trade this summer, it makes sense for the commodity slump to weigh on silver.
Silver Producer index up almost 10x since 2008 lows: http://miningalmanac.com/silver_producers
Gold Producer index up a bit more than 2x: http://miningalmanac.com/gold-producers
At $40 silver these companies are raking it in.
They don't see silver over here in Thailand as the rest of the world. They don't see .9999 bars any different than Thai 22K gold. They are so blind as is the US and Mexico and South America to not see silver that is staring them in the face!
I buy paper gold here in China, and paper silver as well. The spreads are larger, which sucks. However there is no capital gains tax and I can take delivery for a small fee if I so choose at any time in multiples of 100g... or if that's a considerable amount, I can just cash out, wander down to hong kong and buy my physical over the counter at spot.
Spread of 0.7 RMB per gram of gold and 0.04 RMB per gram of silver. So far this year, I'm up ~$150k and no taxes owed on it. Planning on upgrading to a bigger house end of year :)
Not so much into silver at the moment, I liked the ride up to $50, but it's stupidly manipulated and there's just no real point in going crazy with it. India, China... crazy about gold, not so much silver.
Hugo, you're the man. A big Mexican that has the flick. Keep on talking sound money and silver and the drug lords will whack you....
Let's see, in order to pay for a new car, we'd have to heft around (at current prices of cars, say a Fifty Thousand Dollar vehicle) 14 100 oz silver bars. Now ya'll have those sitting around to heft down to the dealership right? And of course, the dealer will be so happy to then heft them to someone else for trade that he needs...? For all its ills, paper money is a great invention and is simply a representative contract of labor, matters not whether it be "written" on paper towels, deer skin, or pretty green money from our "printing company". We have all entered into this agreement. Course you can and have every right to exchange any/all goods you wish for them silver bars if hefting is not too much trouble for you and you are sure the bars you are hefting are actually full of silver.
And lest we forget, somewhere out there is the thirty years of mined silver that no one has yet been able to locate...just where is the thirty years of silver that has been mined while we were all ignoring this "precious" metal after the Hunt Brother run-up?
And lastly, if the economy is in the downturn (we all agree it is; therefore, the following statement is a presumed conclusion), then there will be much less demand for industrial silver: fewer electronics of all sort made and purchased. The only conclusion is that silver will revert to its mean of $7 an oz just as housing is in the process of reverting to its mean of around $180,000 per house: the standard price when a family income totals around $50,000 a year.
So buy into the bubble at your peril...just saying.
Not sure if this is sarcasm or meth. Do you roll up to your car dealer with 50k in cash???
I'd never pay $50,000 for a car!
Fifty years ago, I would have sworn that I would never pay $10,000 for a car.
Some car dealers have spent time at Club Fed for "money laundering" for selling cars for over $10K in cash and not processing the required paperwork. Many of them prefer not to get involved in this type of transactions now for that reason.
The cum-squat guy comes here and does this periodically. He moves on to other sites to post his shilled agenda. Wonder what he gets paid to say the stupid crap anyhow? Might be a nice job but whoever is paying him is not getting their money's' worth. The drivel is getting old.
Give me the silver bars and I will figure out how to pay for the car.
If $50,000 was 3 or 4 bars, which it should be, then it would not be too big of a deal to haul them down to the car dealer.
Silver is both an industrial metal and an alternative currency. Those who trade silver as an alternative currency behave similar to gold traders, buying silver as a safe haven against currency devaluation and stock-price declines. Those who trade silver as an industrial metal behave similar to copper traders, buying silver on economic strength and selling it on economic weakness. These conflicting currents are always running in the silver market and explain why gold usually gets a stronger safe haven bid than silver. Not always, but usually.
The article expresses the "need" for silver to go higher because_______ This exposes a belief system, not an investment strategy.
Let's face it, silver has doubled in less than 12 months. Is that an indication of manipulation?
Like others have mentioned, I too trust gold more than silver (but hold both).
Gold lift off. $1763.90
lol, and i was getting yelled at by the wife for it being down and buying a shitload more. Hanging in till 380/g this time with a rebuy around 370~375. That new slate kitchen flooring isn't gonna pay for itself :)
Sell gold to buy a slate floor and that will be the most expensive floor you ever put in... Linoleum Bitchez, Its whats under dinner !!!
In my rebuild I am doing stained concrete. More environmentally friendly in many ways! Slate is pretty tho! Funny Hulk, Funny.
Short FRN's by way of owning silver = smart strategy...
http://silvergoldsilver.blogspot.com/
I don't buy into this "gold will be too expensive for regular folks to buy" BS which is "The Argument" for silver.
One can buy 1/10 of oz if one can't afford 1oz for 1800$.
It amounts to 180$.
And if gold was to triple from here 1/10 of oz would be around 500$.
My belief is that gold will do better than silver because it has biggest buyers.
Central banks and Asia.
Silver doesn't.
Central banks don't want it and Asia doesn't give a rats ass about silver.
I wouldn't be surprised if The Argument was pushed around by the guys selling it, so they can accumulate gold while there is still any available..
I have yet to find an article or blog that says gold is better investment than silver.
Being contrarian this tells me everything i need to know.
FWIW, i own both gold and silver
ounces are a fairly stupid measurement anyways. grams make much more sense.
Gold > Silver.
Frank Baum's Wizard of OZ is a metaphor for the gold vs. silver monetary argument. Blogs and articles pale at the volume of human history showing the primacy of gold as a monetary medium. Research W.J. Bryan's "Cross of Gold" speech to see the losing history of silver vs. gold.
Gold is the ultimate basket of commodities and money standard, silver is a commodity, part of that basket. The Vikings and the American western silver mining states are the most famous lovers of silver.
What was the ratio of silver:gold in England's pence, shilling, pound system? Copper penny, silver shilling, gold pound....
BTW, I have both silver and gold and think trading silver is one way to buy more gold. Gresham's Law says gold will do better than silver, long term in an inflation. US history shows that to be case because gold was zapped in the 1930s and silver much later, 1970s. The gold was hoarded while silver was traded, proving Gresham right once again.
I own $6 in silver for every $1 in gold for many of the reasons discussed in the article regarding supply and manipulation. However, seems to me there is validity in the argument that silver may not peform as well as gold in a recession/depression environment. Yes, the safety play drives up the price. But let's face it, silver is heavily used in industry. If industry dries up due to low economic activity, then that portion of the silver value would go down. Yes, overall silver may still go up a lot because investor demand overwhelms the loss of industrial demand, but perhaps silver won't do AS well as gold when the SHTF. David Wiedemer made comments to this effect in his book Aftershock, Second Edition, and it seems to have made sense recently unless manipulation explains silver's recent sluggishness compared to gold.
The banksters are doing us a favor suppressing prices.
It allows us to accumulate more before the major increases hit when there is no denying to even the blind and brainwashed that the game is ending.
It does no good complaing about it anyway.
The heavy hitters have been banging at this for years to no avail.
Let the crooked fools short their asses off while we buy physical.
An old friend told me to buy silver. He was never allowed to win the game, his heirs sold his stack for a pittance, and they considered him a doddering old fool.
Silver has huge potential.
Forever
and ever
and ever..
I hope it gets its day in the sun before I, too am dead and gone.
Justice, by God! We want Justice!
Down with crooked markets, let it all burn!
We've hardly been suffering. Let's not forget silver is a double compared to this time last year so while you pontificate on whether or not
it's a currency, the rest us will book profits.
Just make sure to buy physical silver not SLV