All he needs is a few life-sustaining supplies: cornmeal, gun powder, hamhocks and guitar strings, and he'll find more Silllveeeeerrrrrr!
Posted on 03/02/2011 7:23:42 PM PST by AK_47_7.62x39
The mint is currently producing silver proof dollars commemorating both the US Army and the Medal of Honor. Silver proof sets (90% silver quarters, dime and half dollar) are also on sale.
So, what’s the best way to buy silver?
And where?
1) Please learn the difference between the IB Barclays and the Hunt brothers. Barclays was one of the scene setters for the squeeze and fought like hell against it.
2) Please learn the difference between a short squeeze and a corner. The Hunt brothers did not “corner” the silver market. More below.
3) Please learn the difference between private individuals and sovereign nations like China and India, and why the COMEX/LME can enlist government thugs to shove the former around, but are f*cked when they get on the wrong side of powerful forces like the latter. More below.
The shorts have been illegally short silver (and gold, btw, but more spectacularly short silver) for years. The commodities market at the COMEX and the OTC physicals at LME (the London Metals Exchange, volume dwarfs the COMEX) are gigawhomped megatudinal, astroblinglingly (gotta make up words, too big for present stock) SHORT. That is, they have promised to deliver over FIVE TIMES the amount of silver extant, and that is just on the Comex. The LMEs numbers are staggeringly greater. If you want to know why this situation exists, freepmail me or ask me to put it in another post. Anyway, this is all fine as long as the big players continue to “roll over” their contracts for short delivery to the next month, which they routinely do. The problem comes with someone with big money says, “you know, I bought all these promises to deliver and I think I want my silver...., and no, I really don’t care if you sold me more than you have. I don’t want your paper promises, I want the silver.” That is what the Hunt brothers did in 1980. This is called a “short squeeze” when you sell more than you have and someone says “give it here.” The COMEX and LME were able to get the US to roll over on the HUNTS and change the rules in mid stream. As wealthy as the owners of PLACID OIL were, they simply could not stand up to the DOJ, and were crushed. China and India are the new Hunt brothers. They have different motivations, and VASTLY more power than the Hunts. The environment for a squeeze (which we are already in the beginning stages, btw) is far more fertile.
There are NO silver “reserves” the way there are gold reserves. Central banks have no repositories of silver the way they do gold
Silver is USED in industrial processes, unlike gold. In fact 600 million ounces are used every year, and the industrial uses for silver is rising exponentially
There are only about 650 million ounces of silver mined every year. That means there are only about 50 million ounces per year available for “investment” or coinage
It is now an established fact that the big IB (notably JP Morgan) are openly short over 500 million ounces of silver. That means they have sold and promised to deliver this silver, WHICH THEY DON’T HAVE. This means that they will either a) cover, which will drive the price of silver through the roof, or b) default, which will cause the COMEX and the LME exchanges to collapse in their silver contracts. Ask me if you want to know why this will drive up silver prices even further than attempting to cover.
This situation is going to make the Hunt brothers squeeze look tame by comparison. Anyone who compares and then dismisses by comparison has NO idea what they are talking about.
You, sir, are an idiot. We have the Hunts to the nth power this time. The exchanges can't go running to mama and demand DOJ prosecute China and India.
“Silver is the trade of the century, if not the millennium. “
Only if you know when to get out. Everything runs it’s cycle.
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Of course. Anything under 50 dollars an ounce is a screaming bargain. If we show any kind of restraint at all, I will sell at maybe 100 dollars an ounce. If we monetize the debt (which we are almost certain to do) the death of the dollar makes me say “what will I sell it FOR?” I have a 100 trillion dollar zimbabwe note on the wall in front of me that helps bring that question into marvelous focus.
Your list is good. My favorite place is Bullion Direct. Very nice. Good prices. Honest. In house auction.
As a preface I AM NOT A SILVER OR GOLD DEALER. I don’t sell mine. I am not looking for customers. In fact my friends laugh at me because I can never bring myself to do anything except put it away!
Anyway, to answer your question:
The best bang for your buck is what someone has mentioned here, which is “junk” silver. This is sold for weight and not collector purposes, is reliable (everyone knows pre-64 dimes quarters and halves), and no one counterfeits it. It also sells at a discount to spot prices, as opposed to the premium you get on Silver Eagles or Englehard/Sunshine/NW Mint etc bars, or Canadian Maples etc.
There are .72 oz of silver in every DOLLAR worth of junk silver. To determine its value, for example, you multiply the face value of, say, a roll of quarters -10 dollars- times .72 and you have 7.2 ounces of silver. Multiply that by the current spot price (which you can get from kitco or the bullion desk or any number of services.... right now about 34.7 dollars) and you get 249.85 dollars worth of silver.
Usually junk is quoted “times face” as in the above you would say “I have a roll of quarters I am selling at 25 times face or 24 and a half times face.”
You can sometimes get stunningly good deals on silver in this manner.
Hope that helps!
I bet you set the scale for you logic class in school, didn't you?
Shares of Hecla Mining are a bargain @ $10 bucks!
Largest U.S. silver mine, no debt, negative cash cost to mine silver due to lead and zinc sales.
You continue to perpetuate the lie. News Corp is good, not bad.
Your trollish posts are a drag
Thank you for the info.
No they are all bad. Fox is the best of the worst. TV supports Obama. Fox all stars love to smear “birthers” - you are just addicted to TV and by watching TV and paying cable or sat Tv bills you support Obama. Keep up the good work.
How do you know?
You don’t watch TV
Another sleeper is Palladium. I have Miners Stocks that are doing double what the actual market is doing.
Yes, and also, throw out all clocks and electronic devices, getting rid of all electricity, is a must to defeat MIND CONTROLL! (Tinfoil hats are essential)
TV supports Obama. Keep watching serf.
It has been this way since Cronkite but it is worse now. If you don’t get it after 8 years of the Bush “depression” and the endless love for hussein then you are too far gone as a brainwashed idiot.
Good luck because what is going on in precious metals is not a good sign. The herd will be thinned sooner than people think. Morons will not fare well.
All he needs is a few life-sustaining supplies: cornmeal, gun powder, hamhocks and guitar strings, and he'll find more Silllveeeeerrrrrr!
Unfortunately, Hermy is running things.
The US can mine more silver.
We don’t need to import it.
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