Threat From Sitting President To Manipulate Silver Price

Saw a camera which will take pix underwater and mark every shot with GPS position. Under $250.

Stewart - Do you think that there will ever come a time where paper gets wiped out and silver can take off?

Oh well, so much for the bury idea, like an old greedy pirate an a treasure map!

You are right Ed an Fredd, big brother is alive an well, and a wet behind the ears government agent fresh out of MIT, could probably tell you how many oz. of silver an gold I have down to the gram in about ten minutes or less. George Orwell was dead on, only he should have called the book 2004 instead of 1984....

A smart one would need only infiltrate my ebay, pay pal, accounts, and read my posts here, lol....

I am such a small fish, if the stinkin government ever comes for my stash, you guys might as well get out the cyanide capsule and revolver like ol Hitler and Ava Braun, cause we are in a BBBBBAAAAAADDDD situation, lol....

I don't see where I was "wrong".

Yes, they "should" be able to buy from the mint for $2 over, but the simple matter was the mint couldn't meet demand in a timely manner, so they were paying $4 over in the open market simply to be able to fill orders.

The Perth Mint sells direct, and I see constant complaints about their high price, ditto the US mint price of stuff like the UHR $20.

Fred, if one is to pick and choose certain points in time for discussion then one has to consider what happens when prices go sideways OR down swiftly.

Sideways price action - Less than a year ago one could get ASE's for $1 over spot or at spot regularly and was able to buy 90% coins for 80 to 90 cents on the $1 with free shipping etc on ebay.

Down swiftly price action - As recent as May 2011 when silver was in free fall some B&M's refused buy back silver (closed their doors) which they sold to the public at $8 premiums a week or 2 prior. In some cases their buy back prices were $3 to $5 below spot (discount).

As per the UHR and other US mint numismatic coins there is plenty of info on the net and on this forum as to why.

My reply was about the ugly side of premiums on ASE's to your post which was only taking into consideration one scenario and has nothing to do with buy / sell trades in the silver market.

Best wishes on your manipulation theory portfolio.

As the late Paul H used to say.....Good Day.

George Patton - If everyone is thinking alike, then somebody isn't thinking.

schockergd Wrote:

Stewart - Do you think that there will ever come a time where paper gets wiped out and silver can take off?

Short Answer: Definitely Yes

Long Answer: below

Ever since I saw the CFTC Meeting video of Jeffery Christian's
(of CPM Group, formerly of Goldman Sachs)
now infamous comments that Gold and Silver trade is roughly
100 paper ounces to 1 physical ounce in possession in the vaults.


http://www.youtube.com/watch?v=0NAL0C6BO-4

And just from personal experience with such entities
when they admit to a certain number in a bad situation.
The real number tends to be much much higher.
But for the purposes of this particular situation
lets assume full disclosure and the paper market is
at 100 to 1 paper vs. physical in the vaults

And Video of GATA Chairman Bill Murphy revealing a whistle blower source who warned the CFTC's Enforcement Division
about market manipulation by JP Morgan-Chase and witnessed JPM traders bragging of their exploits.

Video 1 http://www.youtube.com/watch?v=9wIMpe9SjfQ

Video 2 http://www.youtube.com/watch?v=e9bU0r6JP4s

Also email exchange between Andrew Maquire a metals trader in London.
and Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division.

http://gata.org/node/8466

Ever since those events it has been my humble opinion that
there was something questionable going on in the gold and silver
markets. Once these questions came up on the radar I began watching
closer. Being that my chosen hobby (coin collecting) is so closely
tied to these two metals.
I began watching the spot price charts a little more closely
and noticed huge amounts of paper silver being dumped onto the market
after certain news events, Jobs Reports and such.

I personally believe and this is just my humble opinion
that once people are aware that something like this is
going on and there is a way to gain advantage over it.
They will do so. Until the Paper Market Implodes on itself
because more and more people demand delivery of the physical
metal. And to fulfill these contract demands they have to go to the
market to get the physical. Driving up the price. And they
dump more paper on the market to drive it down. Viscous Circle.

I am not one that is prone to conspiracy theories. I am just a coin
collector that noticed something that was not quite right one day.
And followed the bouncing ball of facts down the road. and this is
where it has led me.
And used information to help build a better coin collection for
my son and one day his children. And sharing it with my fellow
coin nuts.

I am sorry if some of the links are re-posts I just wanted to just
show a kind of time line that began my questioning of the markets
last year.

Terry