Bob Chapman confirms 80% cash settlements for silver

you tube interview ^ | 4/15/11 | Bob Chapman (interviewed)

[LS]

LOL.

[surfer]

great info...thanks.

[familyop]

Something developing similar to the derivatives scam in real estate a few years ago, with many post-default investors holding worthless paper, perhaps?

[Stat-boy]

Here is my opinion. Others may disagree. That's fine:

I have a few acquaintances who have known of Bob Chapman for many, many years. One for example, a geo-engineer, knows many of the major executives and investors in the mining industry (based on over 40 years of being in the field and being a gold-bug himself).

They view Bob Chapman as a charlatan. Chapman seems to repeat information that other market commentators have previously researched. His “Newsleter” is not much more than 25 percent summary of other newsletters, 25 percent of stock picks that I personally think have very weak analytical work behind them (one can find much better by reading blogs on the internet—see (1) zero hedge or (2) TF Metals Report), and 50 percent Chapman fluff.

I do agree with many of his big picture views, but again, Chapman's views are hardly unique among the Austrian school/gold bug investor types.

[Freedom4US]

Nope.

Bullion coins are only sold to recognized dealers in quantity. Then, you buy from them. You can buy at retail from the Mint some products - “proof” versions that are much more expensive than the underlying metal itself. Not such a great idea if you just want exposure to the price of the metal.

I wouldn’t worry about counterfeit too much. Buy from a reputable vendor. It is difficult to make a convincing fake. That’s a good thing.

[samtheman]

Thanks for the information and advice.

[Freedom4US]

One thing you can do if worried about fakes is buy “junk” silver coinage. Pre 1965 dimes, quarters, and halves are 90 per cent silver, and can be bought and sold easily. Technically, one thousand dollars face value in US coinage has 725 ounces troy of silver. Because they are worn, the actual content might be around 715 ounces - this is the figure used by most dealers. I have always liked the Walking Liberty half dollar, easily one of the coolest looking coins ever. In fact the Eagle coins stole the design. Anyway, you can figure out the price by moving the decimal - 100 dollars face equals roughly 71.5 ozt, times the spot price, equals cost in current greenbacks. That makes a silver dime “worth” over four bucks. Amazing. Spot is over $47 right now.

[samtheman]

That's exactly what I have been buying, all quarters, mostly George Washington, but some Liberty Quarters (which tend to be thinner which I don't like when I buy by face value but is ok when I buy by weight).

However, I have seen some scare-sites on the subject, such as: The 'Almost' Perfect Counterfeit