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 Replies: 37 / Views: 3,924 |
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Pillar of the Community
United States
3670 Posts |
Ed B mentioned about Great Britain and what some called "The winter of discontent".... http://en.wikipedia.org/wiki/Three-Day_WeekLittle doubt I think if an when the US looses its position as the WRC (world reserve currency), we will see major increases over night, and could face similar situations Britain faced in the early 70's.... Edited by Silverhawk74
04/15/2011 01:20 am
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Pillar of the Community
 United States
1126 Posts |
Here is another piece to the puzzle added today
U.S. Credit Outlook Downgraded By S&P
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Pillar of the Community
United States
3670 Posts |
Interesting Stewart and does the US not have but like four major company's with the triple A above standard rating? The four companies names escapes me, I shall research it further and see what I can find. I did find this one interesting article that says European stocks dropped due to the report.... http://biz.thestar.com.my/news/stor...sec=businessEdited by Silverhawk74
04/18/2011 10:41 pm
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Pillar of the Community
United States
1126 Posts |
SilverHawk, I am not sure, But this whole thing is starting to feel like a game. With the steady release to the general public now of these type of stories. And Statements every few days now of how much trouble the U.S. Dollar is in. In the last few weeks. Even the Network talking heads that usually swear that precious metals are a barbaric relic of the past. Are being allowed to speak of it on the air. It almost feels like they are trying to steer the sheeple towards something for some reason. And are speeding up the pace at which the Dollar either devalues or crashes altogether. S&P's announcement yesterday downgrading the U.S. Credit status I feel was sanctioned by one or more Government Agencies or it would not have happened. S&P is too tightly tied to the U.S. and other world governments. I know this all sounds kind of conspiratorial, but we are in new territory these days where banks can in one few hour period pull a 500 Billion from the market as a show of force to make the U.S. Government give them bail out money. Any thing is possible now days. http://seekingalpha.com/article/119...mber-18-2008Edited by stewart
04/19/2011 1:58 pm
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Pillar of the Community
United States
1450 Posts |
If there are any pranks afoot(and I don't doubt that there are) it will come through the ETF's. If you read the details of most of the ETF's,unless you have $50,000 or more invested,you don't get reimbursed with physical precious metals,you get cash back. Cash that is worth less every day. I think the plan is to get folks,enmass,into PM ETF's,devalue the dollar dramatically ,pay off the little people in worthless dollars and take the physical and run! There is manipulation at every turn and the big guys are all positioned now to take physical PM's so the price is going up. If you are holding PM backed paper,good luck to you!
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Pillar of the Community
United States
667 Posts |
I can build a few TH's :) I wonder what the silver is used for at lest to have the need for 500oz.
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Pillar of the Community
United States
1126 Posts |
Hockingzkig
I could not agree with you more on the paper
problem. But for some reason there seems to
be more going on to me.
That is exactly why when I first learned of JP Morgan's
price suppression and manipulation of the silver market
last in March of 2010 the only Metal's purchased have been the
physical metal.
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Pillar of the Community
United States
4008 Posts |
Quote:
Even the Network talking heads that usually swear that precious metals are a barbaric relic of the past. Are being allowed to speak of it on the air. It almost feels like they are trying to steer the sheeple towards something for some reason. And are speeding up the pace at which the Dollar either devalues or crashes altogether. - Stewart
An interesting viewpoint, Stewart. Usually, where there is an attempt by someone to stampede the sheeple, it is for the advantage of the wolves. There must be a profit in it for the wolves to be interested in spending their time orchestrating it. For example: Suppose that the herd was led to believe that silver was going to $100 per oz. Many would pile in and buy lots of silver which the wolves just happen to have to sell. Then, the wolves pull off some neat trick, like trumpeting a MASSIVE new silver strike in Peru or Bolivia. That news would cause the price to pull back, there would be a sheeple mad scramble for the exits with many sellers, few buyers, and a price in free-fall. Once the price hits their bottom target, they simply buy up all the cheap silver on the market, and in a few months deliver the sad news that the new strike was merely a pocket of a few tons of very high grade ore that was soon all mined. Now that they hold a HUGE amount of cheap silver, it is time for them to be doing whatever is necessary to get the price rising again. Repeat as needed for HUGE profits.  |
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Pillar of the Community
United States
3670 Posts |
All great points Hock, Stewart, and Ed....
Yes, I agree with the Shepal being pushed in one direction for some reason or another, and Ed added some great thoughts as well....
To add to it, these end of America29, 36, whatever.com, and most of us have seen them, and if you have a radio in your car, and have not been lost on a desert island the last 6 months, you have probably heard the commercials. The Porter Stansberry adds. Sure, the guy has great track record, as he called the fall of many big dawgs, via GM, Fanny and Freddie, and the company that owns all the big malls. So when he said to buy gold and silver, half the world seemed to have bought in. Now then, I did not sign up for his stock tips, but I have watched the video and followed the silver advice, and thought he had many great points. I had already decided to eventually invest in silver and gold before viewing video, but three months after watching it, silver has nearly doubled in price. Maybe I should sign up for his stock tips, and do exactly what the guy is doing within means, as he is only a million times smarter than I will ever be....
The big question, this above, the commercials for gold buyers, and all the other hints, is this GOVERNMENT drivn, if not then who, and what is their motive?
In the end, I like silver. I like to look at it, in many forms and will look at a bubble burst as a time to buy, and rising prices as the time to buy. One day, maybe I will have enough that my net worth has reached a point of later day comforts, just in case we don;t get wiped out in 2012....
Edited by Silverhawk74
04/21/2011 02:19 am
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Pillar of the Community
United States
684 Posts |
I just started unloading low grade Mexican silver, the .100 stuff that would not sell a year ago. Maybe some more foreign bullion less than .999.
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Pillar of the Community
United States
3670 Posts |
My father also told me that in the 60's they ran certain adds during drive in movies like...."Buy coke", flashed very fast, so that the conscious mind would NOT see, but the subliminal mind would catch it. And sure enough, coke sells would shoot through the roof during intermission. It did not matter which item they ran that night, the she-pal would go buy it later in masses....
Now then, that sounds like an urban legend if you will, but I would be very surprised if it was not fact. The gov can make you wear a pink suit with a yellow bow tie if they so choose, and you will think you look good while doing it, lol...
Edited by Silverhawk74
04/21/2011 3:43 pm
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Pillar of the Community
United States
684 Posts |
Smelters don't touch 0.100 Mexico silver. I do not have enough posts to dump this stuff here.
I am seriously glad to get rid of it, and get into MS63+ Saints.
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Pillar of the Community
United States
3670 Posts |
 Wecome to the board Westwood and congrats on moving the Mexico silver! Edited by Silverhawk74
04/21/2011 02:53 am
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Pillar of the Community
United States
684 Posts |
Years ago I was talking to a dealer in BH and asked about bars vs bags. He definitely preferred bags; they are easier to assay, and to sell.
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Rest in Peace
United States
9104 Posts |
Quote:
Today it is valued at US $1.62. That's less than 1/3 of its former WRC value, so it has been devalued by more than 2/3. To really grasp what this means, imagine everything becomming 2/3 more expensive in this country. Actually, three times as expensive. |
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Posted 04/18/2011 8:10 pm
