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Is A Physical Silver Shortage Spike Imminent?
That imbalances in the supply and demand of precious metals, particularly silver, could lead to a shortage of physical product in the future should not come as a surprise to many - it is a topic covered extensively here in the past. Nonetheless, as a useful reminder of the big picture in the silver market, Future Money Trends has released another update video, reminding viewers that if traded purely on fundamentals, there is a high likelihood of increases in the price of silver, and other precious metals. As the authors put it, " There simply isn't enough physical silver to deal with the demand of a fiat currency crisis. As the paper silver market pushes prices down, all hell will break loose in the physical market." While that conclusion may or may not be applicable just yet, when coupled with recent revelations of potential double counting of precious metals at the warehouse level (see HSBC-MF Global story), the situation will certainly get only more exacerbated. Furthermore, should silver miners take Eric Sprott's advice to heart and decide to convert some or all of their product into physical, the market will suddenly recall that in addition to liquidity, prices are also determined by something called fundamentals. And fundamentals, especially in combination with a market risk spike, confirm a price jump may be imminent.
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All I know is that they built those huge FEMA camps....waiting...waiting.....waiting for the chicken to come back to roost. Could be any day now.
FEMA camps? You mean the one's that now have contracts for 72-hour full-staffing?
http://www.prisonplanet.com/gov-activates-fema-camps-gingrich-loves-torture-tsa-grope-granny-more-infowars-nightly-news.html
Rehypothecation was a way to draw tangible assets back into the market. Without it, the market would have collapsed long ago. Harvey Organ was on this one. He noted there was more physical being withdrawn than existed. This was the method.
Consider gold. If there was a shortage, the paper market would fail. But if owned gold could be reappropriated without detection, it could be used to prop the market up longer. We have that in silver. We have that in gold. And once delivery is demanded in physical, we have that no more. Few chairs remain and the music has stopped.
Things change and silver, like all commodities is impacted. There used to be large commercial consumption in photography, now there's very little. On the other hand new needs have emerged. And of course there has been shortages, silver was around $2 an oz in 1971 and it's $32 today. Not bad. I suspect it will get much better in the future. Much of the spike in price possibility here is that silver is mined as a by product, very rarely as the primary metal. So silver going from $32 to $100 won't drag much supply from the ground but it will come from safe deposit boxes and jewelry boxes.
Immiment? Were you trolling during spelling class?
Silver, the other white meat.
Gold -- it's what's for dinner.
Precious metals: they're not just for breakfast anymore.
CME & LBMA: Where's the beef?
"Hello, Kitco/CapitalOne, my name Jon Nadler."
as a silver bug, i am afraid to talk about silver around here with that evil trav7777 lurking ............:)
Not to worry --- Sundays are his work days, when he is busy bombing black churches.
Nice..
but but but, its just a industrial metal............
Very slick.
Silver BitcheZ
Did I say it right?
Watch for both GLD and SLV to implode within the month; nobody with half a brain would invest in these manipulation scams. And the CRIMEX will default within the next 3 months; count on it. The reality is that Sprott, even with his excellent relationships with miners (given his various portfolios of mining stocks, will not be able to find the millions of ounces he needs for his new vehicle. There are no, I repeat no, large physical stocks of silver available.
Well, not at these prices, at least.
Ha. Not at this price. At what price then? The published price is for paper, not physical. And if the paper price plummets, there goes your pricing mechanism. The divergence will make it impossible for us to know the true value of silver, at least until smoke clears.
Serious question people... how WILL we price our silver in this event? What would be a reasonable buy price, sell price? Not numbers, methods of measuring value that we can apply when this happens.
Well, let me put it this way. When I see that silver is recognised as money again, that'll be the time when mine gets re-circulated. Price? Well, I'll rely on historic values rather than the hypotecated short sold exchange rate of today. One caveat to that is that the historic value may well be due for a reset, taking into account modern consumptive uses.
oil, land
i use this as a guideline:
1oz gold = 16 oz silver = 16 barrels of oil
right now silver is way underpriced.
when silver:gold ratio reaches 12:1, time to sell silver
i suspect his new vehicle and also his letter to miners to hold silver instead of cash, are an effort to put pressure where he sees weakness, i.e., availability of silver supply.
btw, i would love if someone could calculate or provide direction to numbers that i could crunch that determine how much leveraging power in FRN's is removed from the system by buying 1oz. of Ag!
can't compare. one is real.
First buy that oz (or more), then do the math, as you feel that coin in your hand.
The reality is that no leveraging power is removed from the system, because the FRN is still in circulation. You might make a very short term dent if the silver was held on margin and you paid in cash. The opposite would happen if you had been saving cash at home and then the business puts the money in a bank where it can experience fractional reserve lending. The system is designed for monetary inflation by any means possible, so it is very difficult to even slow the beast down.
shorts must be located
walking around with no pants on again?
pervert!
Or TSA.
that was funny but i dont understand why you are trolling me
None, since when you pay in FRN, the FRN gets recycled. That's one of the keys to the big game, and why they hate PM based money -- because you can in fact pull PM money out of the system. With a PM-based fractional reserve banking, you guarantee a bank collapse because they're lending physical that doesn't actually exist through leverage.
The closest you can come to removing FRN leverage is cash under a mattress. Unfortunately that just means you're limiting their theft to the inflation rate.
If we were on on the PM system like the one prior to the 30s, the converting to physical and stuff that in your matress would basically result in ($ per oz)/reserve ratio dollars being removed from fractional reserve availability.
Current reserve is 10% (10:1 ratio) but there are a LOT of games, since CDs, time deposits, etc aren't counted against reserves. Let's assume it's 15:1, and silver is $30/oz, 1 oz would pull $450 out of the system, but only if we were on a PM-based standard. We're not, so it's a moot point.
printing fiat dilutes itself
inflation
What is industrial demand for silver relative to total production?
Ohhhh. I see, you want to count ETF buying as demand. And an earlier column called for silver miners to stop selling their silver and calling their stick piles cash. Why bother spending $ digging it up then? Just leave it I'n the ground and borrow against reserves to pay a dividend.
But yeah - JPM is the one manipulating the market.
If I created an oil ETF to buy physical barrells and stick them back underground, I'd be thrown in jail.
We love VisionVictory. Subscribe to this guy and Victory independence. Sometimes he is just rehashing what ZH has already told us but he has been a long time advocate of the common man (women for you femenists out there...plz dont -1 for the PC) and deserves respect for the mountaintop he screams from.
-1.
Not for being un-PC, but for excluding male feminists and poor spelling. Aside from that we're agreed.
Male feminist? Wanker. Shirt off. I'll fight you for that.
Let me break this down for you as you seem confused:
'Male feminist? Wanker.'
Nope. The exact opposite. Being a male feminist keeps me from being a wanker. No need for wanking, ladies love male feminists... what else you got?
'Shirt off. I'll fight you for that.'
Shirtless fighting? I'll pass. Thanks for the opportunity to display repressed homo-eroticism though.
I thought Fight Club was required reading for this site...
It is. More importantly though, is distinguishing between things that are actual, and things that are understood symbolically. Kinda like... um... paper/physical. Stick around, your generation is about to learn a real(unintended) lesson.
Yeah.. ladies love male feminists, they are called "fag hags". I'm a wanker and for it i get wanked often.
Marchbanks: "[I'm a] male feminist."
Wait. So you're *admitting* you're a pussy? Interesting strategy there. I bet the ladies just eat it up!
A pussy that gets pussy? Are you calling me a lesbian?
I'm a lesbian.. Trapped in an ugly man's body does that count??
Based on my experience, every lesbian is trapped in an ugly man's body.
You'd be surprised.
Robojackoff says otherwise. Buy LULU, Netflix and PriceLine and wait for the huge melt-up coming from hypothecation of stock certs...
Something you'll never hear on the silver bull sites: the production of silver has not peaked. Has not peaked at all. In fact, global production of silver is growing very strongly. Unlike, oil, and unlike gold.
GG
source?
http://www.silverinstitute.org/supply_demand.php
based on this link, growing demand far outstrips the +2.5% increase in production...
Perhaps..., but your question concerned peak production..., no?
Always good to have the facts.
i was fully aware, just wanted him to post a link to what he claimed. i know, you totally missed that.
If there was a link showing increasing silver production then that means that silver production hasn't peaked right?
Whether it was posted by the person who made the comment or someone else shouldn't matter.
just where in the hell did i claim to refute production has peaked?
http://www.silverinstitute.org/production.php
http://www.dani2989.com/gold/worldagprod208gb.htm
http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=118815&sn=Detail
http://www.silverwheaton.com/
There are 52,700,000 results on google when you type "world silver production growth 2011" Do you not have a search engine or are you just lazy?
i don't have a search engine, obviously, asshole.
i can't use a search engine, obviously, asshole.
... there, fixed it for ya.
lol?
ROR. C'mon, just try it in Chinese....
http://www.silverinstitute.org/production.php
So.. 715.4 million Oz’s of production in 2010.. per your source! The Silver Institute!
Let’s assume we have something close to that this year.. peak production be damned for this argument. 2010 35,624,500 U.S. Silver Coins Total
http://www.usmint.gov/downloads/about/annual_report/2010AnnualReport.pdf
http://catalog.usmint.gov/webapp/wcs/stores/servlet/CategoryDisplay?langId=-1&storeId=10001&catalogId=10001&identifier=1000
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=american_eagle_bullion
2011 Sales Numbers Directly from the U.S. Mint.
http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=sales&year=2011
38,765,500
http://www.silverinstitute.org/supply_demand.php
So looking at supply and demand from YOUR! Source.. it would seem any extra demand would Tax the system.. like the video said.. more over.. Mr. Sprott has as well said that any disruption would cause problems.. which is a polite way of saying shit would hit the fan.. given the paper markets are FUCKED! And only a small disruption in the silver markets would cause a run.. I would advise you to get the FUCK out of FIAT and into some real stores of wealth.. please consult with a professional before taking the advice of a stranger on the internet!
"Total fabrication demand grew by 12.8 percent to a 10-year high of 878.8 Moz in 2010; this surge was led by the industrial demand category."
"Last year, silver’s use in industrial applications grew by 20.7 percent to 487.4 Moz, nearly recovering all the recession-induced losses in 2009, and is now seeing pronounced advances in 2011. Jewelry posted a gain of 5.1 percent, the first substantial rise since 2003, primarily due to strong GDP gains in emerging markets and the industrialized world’s improving economic picture."
"Photography fell by 6.6 Moz, realizing its smallest loss in nine years, as medical centers deferred conversion to digital systems."
"Silverware demand fell to 50.3 Moz from 58.2 Moz in 2009, essentially due to lower demand in India."
http://en.wikipedia.org/wiki/Solar_power_in_the_United_States
solar panel(s) installed – Grid Tied.. have grown and are maybe no doubling this year.. but let’s say up 30% (which is an under exaggeration of 100% at least).. and 30% still pushes silver over the edge for demand.
The fundamentals are there in silver. Period. But silver is a long term safety play for parking not for day trading.. unless that is your thing.. then Good Luck and God Bless, because You will need both!
I could mention that the metals markets are suppressed and paper pricing is lie.. but why? Why go any further.. if you can’t take the facts given this far and wake the FUCK UP? Then there is nothing anyone can do for you.
Global silver production is up 17.4% over the past 10 years from 2001 to 2011. Growing from 18,900 metric tons in 2001 to 22,200 metric tons in 2011.
http://minerals.usgs.gov/minerals/pubs/commodity/silver/
You'll never heard Eric Sprott or Eric King talk about this.
Meanwhile, gold production has been falling almost all decade, until a small uptick in the past 2-3 years.
GG
thanks for posting this. it's always better to field real data than enduring trolls.
based on this link you provided, it has US production @ 41,152,896 troy oz. (2010)
whereas the link @ silverinstitute (below) only has this number @ ~38,500,000 troy oz. for 2010. but hell, what's 2.5 million troy ounces here or there?
one value that does seem to jive between the two sources is silver institute's number of 735,000,000 to the usgs # of 713,745,540 troy oz. maybe they are not accounting for entire global production?
i wish i had all the data to build some error bars into these calculations...
Based on your posts you wish someone else would use the data and create data that represents your viewpoints.
that's a stretch. i'm geniunely curious.
the fact of the matter is, I HAVE NOT BEEN ABLE TO FIND rock solid data showing real supply and demand, for either gold nor silver. the best we get are estimates, and with that comes unfounded, unending postulation.
so, maybe you've got the answer i'm looking for, or maybe you belong in the peanut gallery?
Recycling is counted in world production charts - how many times can you recycle the same OZs? As silver becomes more expensive and technology improves, it will be used in ever smaller amounts, complicating the reclamation process. In any event, at least several hundred million ounces disappear forever every year. Apply any thinking you like to that, and barring a substitute for industrial production, the world will eventually 'run out' of silver for most current industrial uses.
When thinking about silver vs gold, there's also the Rotchschild factor. This family's wealth was in the billions more than 150 years ago, and it's been growing ever since. They're not the only entrenched illuminati family with vast wealth that appears as only a shadow of it's true size on any global balance sheet. How is this wealth stored? These folks are smarter than the rest of us, if we're smart enough to figure out that gold is the best long-term store of wealth, we're either wrong, or they're well ahead of us, skipping merrily through their vast underground vaults. I doubt they have similar silver vaults. At present prices, there's less than $33 billion 'produced' every year on the whole planet. Chicken scratch, and bulky. But I bet some of the ultra-rich are building silver vaults now.
Silver production over the last 12 years, up around 20%
http://www.dani2989.com/gold/aggraph9.gif
Not sure if this really proves your point either way, I've read a few places that silver is mainly a by product from other mining activities so the price of other indstrial metals such as copper might effect the ability of the silver miners to expand production.
There are very few pure silver miners. As is well known silver is largely a by-product of mining other metals. I'm not really ready to believe any statistic either way but the above ground supply issue is completely different. I refer you to the great work done by Sprott years ago before he was a silver peddler.
Canada's only primary Silver producer. Sprott is nearing 30% ownership.
http://www.alexcoresource.com/s/Presentations.asp
Yeah, too bad even with the growth, we still use far more than we produce, and those stockpiles are almost gone. This is a recipe for a price shock.
Amazing, I am seeing the birth of a whole new generation of anti-silver trolls in this thread. You should all thank me for making it possible for you to be here, having driven most of the others away with much wailing an gnashing of teeth.
I look forward to more troll blood for sacrifices to Odin.
Day is dawning. Let the sun take the trolls, liberate Glamdring and Orcrist from their hoard and advance toward Smaug's lair.
Mithril will reflect the sun into those deep holes where only the orcs and worse still tread.
I feel like a goober for giving you guys +1
I felt like a nerd while typing it.
http://www.resourceinvestor.com/News/2009/5/Pages/Silver-Long-term.aspx
The silverbugs will be lucky to see that recipe come to fruition. The way the govts. have been acting these past few years....nationalization of mines, outlawing of purchase and ownership, and confiscation of silver is totally "on the table" and should definitely be on the minds of the public. Big Brother gets more desperate every day. They have openly sanctioned massive levels of fraud and criminality to protect their status quo "construct". Never rule out the lengths and depths they will stretch unchecked tyranny to salvage their monopoly on their "Human Farming". People...now more than ever...should be instituting Rule #1 (letting others outside your immediate family know about your stack building in gold and silver will be a big mistake for those with loose lips)
Those trolls you demolish here today....will become the neighborhood snitches "tomorrow"....should parabolic moves in the precious combine with the unravelling of civil societies. The mercury rises everyday....the unprepared are becoming more unhinged
the gov is inept, they wwill never confinscate
But the feds very well may try to illegalize the trading or even possession of the precious metals at some point --- in fact, I will be very surprised if they do not. But I think that such a desperate measure will only be an indication of the final collapse of their power and legitimacy, and will be greeted with little more than contempt and laughter.
Taxation, followed by halt of mint selling, I'd say, would be the road they'd take at the political level. You know, it'd be easy just to say that they let metal float, make the dollar say 5% backed by Silver, then make us all turn in at least $5000 for silver payout for dollars. That's likened to the 1/2 oz Au that Japan's giving buyers of $125K in bonds.
I think though, that some old document gets in their way(read: Constitution of the United States of America)
The only way to make a black market is for governments to outlaw and/or set price ceilings/floors.
And no "god-damned piece of paper" gets in the way.
Just as nobody expects the Spanish Inquisition:
http://www.youtube.com/watch?v=Tym0MObFpTI
Fail
The govt. is so good at keeping people in the dark and "dumbed down"....they've repeatedly taken their country to war under false pretense for almost a century. They do the bidding of their International Banking Cartel Masters....and the war for profit corporate intermediaries helping pull the strings and manipulate behind the scenes.
A careful examination of the last decades legislation brought to the citizenry by the Congress Critters and their traitorous brethren within the Senate should be proof positive their "perceived" ineptness is misunderstood. The govt. will carry out whatever levels of tyranny their Puppetmasters deem "necessary".
Underestimating the possibility of confiscation...should be filed under "Normalcy Bias"
And nothing reveals tyranny more than tyranny.
As Brzezinski said, more than ever the population of the world is waking up:
http://www.liveleak.com/view?i=42a_1274416173
i dont doubt they try, but what are they going to do, door knock every hhouse with a metal detector? how will they pay their hoards post collapse. quit fear mongering
Fearmongering? You must be brain-dead. They've had Confiscation in the past.(though...not with any show of force) They have no problem paying people to come knock on your door and take down your personal info when the time rolls around for the Census. With less than 5% of the populace having any exposure to PM's....I don't think those that are "without" would be bothered should they deem ownership should be "outlawed"....the have-nots will not be bothered by the plight of gold and silverbugs labelled as hoarders and domestic terrorists. Libertarians backing Ron Paul are already being labelled as "problem children". The fact that 93 Senators thought that SB 1867 was a necessary piece of legislation speaks to how willing the govt. is to encroach on your liberty.
Here...since you probably endorse the growing police state of narcs, snitches, and general Big Brother type movements against personal privacy...I'll get your starter kit ready for all you types that think "it's no big deal"
http://my.barackobama.com/page/s/join-attack-wire-today
++++++
"a whole new generation of anti-silver trolls"
- more like multiple new personas for the same set of sorry jackasses. they must really be masochists to take the beatings again and again and again - or else highly paid PR monkeys. Maybe there was a software update allowing even more fake personalities. Too bad they repeat the same worthless drivel.
@apberusdisvet- you should tell that to trading troll - he does not realize that the miners by selling at a fkae price are doing their shareholders A HUGE DISSERVICE- i would rather they curtail production and not deplete their mines so quickly by selling at such low prices. Moreover a lot of new production goes TO MEET PHYSICAL DELIVERY REQUESTS FOR THE FUTURES- as discussed here- above ground stocks of silver have fallen significantly. This SHOULD NOT BE HAPPENING (creates DELAYS in physical delivery). New production is essential to maintain the charade. I am waiting for the LBO of a silver miner by a hedge/PE fund to really start this thing rolling.
When silver ramps, the rules will change.
Hunt bros. II.
They'll raise margin. Then raise it again. Eventually they'll reach 100% and won't be able to manipulate any more.
Unlike the Hunt Brothers, today the demand is widespread by smaller investors, and far more are demanding delivery.
When silver ramps they'll have to do something to both prevent delivery and keep the smaller guys demanding delivery out of the futures market. Maybe something like shutting down the largest upstream COMEX broker and taking the small guy's money might work, at least for a little while. But that'd be a sure sign of desperation on their part if it were to ever happen. /tongueincheek
What about the no buying, only selling trick?
like make it illegal, for americans, to trade pm's on margin, or with leverage?
Please. Stop. Giving. Them. Ideas.
raising margin will move investors from paper to physical increasing the supply crunch
I hope they can keep physical prices down for a few more months. I have been used to the slow motion reality behind knee jerk reactions in a fixed and predatorial market. Seams like events have been moving quicker. I thought the wonderful wizard could do anything....
So what is after rehypothecation?
Quantum financials.
This reminds me of the Pauli Anti-Exclusion Principle of PMs: Any given gold or silver bullion bar can exist in two or more places simultaneously (at least according to the "best financial practices" of the CME and Comex).
Actaully greater than hbar....
Read the fine print...
Zerohedge is beginning to remind me the EU, the opposite of it. Market collapse is around the corner, hyperiflation is about to break out, gold/silver spike is imminent. And yet nothing happens. The EU keeps talking about how we are all about to be saved and next summit will be it, and the days come and go and nothing happens. To maintain one's credibility one has to make correct predictions or none at all.
The predictions are almost certainly correct. It is the timing that is in doubt. Getting the timing wrong does not make the prediction wrong.
Yes, timing is everything.
Is that really you, Dog, in the avatar?
gmrpeabody, I've been meaning to ask - is that really you, in the Avatar?
What, nobody heard the two magic words?
"October Surprise?"
I can agree, a little, except I don't really see ZH as pushing an agenda. ZH just pushes ideas outside the mainstream. I happen to agree with this artical, others not so much.
On this date in 2008 gold was $800 and silver ten bucks.
Nothing happens? Wake up.
All you get is time sensitive news about a control fraud on a global scale. I'm satisfied, anyone else?
We just passed an illuminated sign that said "Cliff Ahead". It's night and the headlights are off. The driver has the gas pedal on the floor. Mr. F. Reserve has a hose stuck in the carberator and is pumping nitrous. The family of E. Uro is arguing whether they should pump their own nitrous or suck on the hose from the exhaust. I'm shouting "Stop, stop, we'll all be killed!" and you're wondering if the sign was a joke.
Great video by the way. Well executed .
@GlasgowGary: look at the silver institute numbers and the lessening amounts being produced as a byproduct from base metal mining. Then take a deep breath and remove your head from your asshole.
Melt up. Huh. No, I'll stay long term silver.
I don't get caught in short term market swings of mental masturbation, I just btfd's and shut my eyes a few years. It's been workin f'n great.
With every Mint worldwide working literally around the clock shipping out silver and gold items it is no wonder there is a shortage.
Do these people know that you cannot eat silver either? What do these silver and gold bugs do with all that metal? I cna understand the Chinese buying the dragon coins for the coming 2012 Lunar New Year...but what about the other tons of gold/silver bought daily?
Hold on to it as a reserve curency to use to trade for food and various wants/necessities if/when the dollar tanks and hyperinflation rules the land ;)
It is money. Any other questions?
I wonder if he has the inqisitiveness to think about the statement "It is money" and wonder about the paper currency in his wallet and why you would make such a statement?
I wonder if he could answer the questions; "What is money and what are the properties demanded of money that underpin its construct?
PulauHantu29
Cannot believe you do not get it.
If paper is worthless, or close to it, as it is now.HOW Much do you think REAL money will buy in goods and services?.
They will be the main 2 stores of any monetary medium.You SELL REAL money for more paper, or use it for money to buy a HELL of a ,lot more of what it you EAT.
We let it go up then buy fantastic meals.
I sold half my silver. Average price around $36/oz. Cost about $16/oz. Bought my fiancee a diamond ring set in platinum. Not reassuring that the paper price of silver can fall $10/oz in August from $40 to $30 and not recover. I WILL buy back in the $20s.
Excellent. Less competition for me.
Good luck finding any silver anywhere when spot hits your price point.
For what its worth in my small corner of asia, the only major silver bullion broker is swimming in inventory.
During the spike earlier this year, there was NO silver to be had, backordered for 8weeks or more.
Right NOW, he has at least 10k oz ready for immediate delievery, his stock system is very transparent and i've personally seen his vault with the private security contractor here.
I stopped checking halfway through his coin list, havent even started with the bars, wouldnt surprise me in the least that he has at least as much physical in bars as coins.
There was a shortage here in Jan - Mar/Apr, but ever since the late apr smackdown, physical is readily avaliable on demand here.
What is the premium that your broker charges for that material?
About 20% inclusive of taxes. Take out the tac and depending in order size between 10-15% thereabouts.
Not cheap by any stretch but in my neck of the woods he's the only game in town and he knows it.
Well there's your problem.
My local dealers rarely have more than token inventory these days, but they have very low premiums.
The iPhone, always more than you bargained for.
You should have bought her a dog collar.
Cheaper and pretty much conveys the same message.
Congrats.. You took a 50% haircut in value by buying a diamond. Now hoping you survive the marriage, which these days is a sure thing...Not! and after the divorce the ring you so willingly gave her, will be appraised, if you have a good attorney at 500/ hr., at a discount,. But it was given to your love of your life as a gift before the marriage, sooooo, you lost all of the money...too bad, You shoulda kept it shiney!
wow, talk about instant karma. hope she's a keeper, you'll know, when silver is worth 10 times the value of the ring. not an auspicous beginning to a union, (poor economic decision)
This is a great warning to paper silver producers. Force the price of silver down and be faced with massive buying on the physical not the paper. Eric sprott provided free financial advice to silver miners reminding them that they can hold back on the physical and force a squeeze, course many will not be able to given their capital demands. Some will though. An oderly debasement of the fiat currency is what is needed, not a return to the french revolution.
Silver's price movement will be dictated by "Risk On" or "Risk Off"
Physical supply and demand doesn't matter.
Want proof?
The amount of SLV flipped day in, day out, and the amount of silver futures traded each month is probably 100x the annual mine production. Yet the price hasn't really gone anywhere.
If we enter a global economic boom and the Dow heads to 15,000, then silver will take off and probably exceed the $50 highs.
If the "gloom and doom" scenario plays out, then silver will go down 3x faster than anything else.
Ted Bulter, GATA, and lots of others have been predicting the end of Blythe and JPM and a fantastic short squeeze for years.
Yet JPM is still in business, opening fresh, brand new, shiny branches in California and it is business as usual.
Silver speculators at the COMEX continue to get fleeced by the PigMen.
Only the holders of physical bullion have been unscathed by the Cartel shenanigans.
If ifs and buts were beer and nuts, Robo would be passed out while his broker teabags him.
Actually, I bet they are, because that is exactly what is happening to him right now.
If my Aunt had balls she'd be my Uncle.
'Silver's price movement will be dictated by "Risk On" or "Risk Off"'
Like, as in, forever? Jeez, no wonder they call you Rearview Trader...
"Rearview" is all Bernanke ever sees of LobotomizedTrader as well.
Every time BennyB comes into view, RT is there, pants down and bent forward, eagerly waiting for another reaming and always begging for more. And then running onto ZH to brag about it and demand that we all do the same.
.
Since the Lt John isn't here to respond to your nonsense, let me be the first to call you a fucking loser Robo.
I don't know who pays you to troll here but it isn't enough.
I would argue it's too much.
Man, I hope it goes back into the twenties! Or on to 100, I care not.
Well shit, I thought this was off the radar for now. Mining companies are the new momo darlings, they are just about to figure that out. MF Global will cause all holders of gold to accurately account for all of their physical holdings, then they will call for physical delivery. We already know the rest.
This is the part where the gold haters learn the difference between paper and physical.
I don't understand the naysayers here trying to prove that Silver is a "bad" choice, production is down, etc. I
have been buying silver for 17 years or so, and a lot when it was 5.00 an Oz. I don't care now whether it goes
down 2.oo in one day, then back up a dollar the next. Look at the long term trend. It is going higher. So
many other variables, like falling worthless fiat currencys, huge increase in the population, government promoting
of PM(India, China, Russia) So keep your heads in the sands naysayers. I laugh every day.
http://www.youtube.com/watch?v=-sUMxj7lmhM
http://research.stlouisfed.org/fred2/series/BASE
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm
silver or gold are not going up in price.. paper (FIAT) is not worth as much as it used to be.. when you print 300% more in 3 years.. that has a better than not chance of happening..
I think people forget the facts.. becuase they are stupid.. all these idiots above yapping about how silver is BAD! Paper is Good.. are the reason I think.. maybe letting the stupid people kill of the other stupid people.. may not be such a bad idea.. it really is growing on me.
Fuck it.. I can go fishing until the fires burn themselves out! LOL!!
fresh out. Not one more ounce available on this planet.
Except for the 100,000 plus APMEX dragons you can buy right now.
And the 1,000,000,000 plus other ounces available right this very moment at any number of other suppliers on the web.
Who has a billion ounces? APMEX is the largest dealer, and I doubt they have more than 10 million oz in stock on their most overstocked day. Tulving doesn't even have a half million.
Also, your dragons must be going fast. Only a little over 25,000 in stock now.
Oh, or were you just talking out of your ass/lying?
Next week there will be no silver left on the fucking planet.
Better get those dargons.
Your head is way up your ass.
You are claiming that online retailers have a BILLION ounces of inventory, and the person refuting that garbage with actual facts is the one with their head up their ass?
Oh hi new troll. Step into my van. There are some fence sitters in there that I'm sure you could disuade from buying silver. They are really cute.
It seems as though buying physical silver essentially represents a rare opportunity to short a ponzi scheme.
Last time you posted that Silver was due for imminent spike, it shortly fell from 50 to 30. Guess is time to short it again as you posted more propoganda.
You're right! You should short silver! That'll show'em! Sell all your physical too! What? You don't own any silver? I didn't think so.
"You Lie" Lemme guess Trav's brother? You misspell the same words and already hate Tmos, hmmm.. I'll be watching you.
Walcott you're funny.
Someone please provide an example of buying and holding silver for three years and losing money in the last eleven.
(insert sound of crickets)
1) My dog ate the coins, and the cat ate the shit, and buried it.
2) I used it in an electrolosis experiment trying to make colloidial silver.
3) Insert imagination here: