May 1st is the day to buy silver!

Heck, i bought some last weekend for about $25 an ounce asw.

I am just confused. You think the Comex goes out to buy silver to sell? You think they are like walmart and has to "stock the shelves" to sell to others? I seriously do not believe Comex owns an ounce of silver.

Regarding monopoly, you do know there are multiple exchanges around the world right? Does JPM or whomever "monopolize" them all?

What i really do not get is how those who believe pm is manipulated believe they are the smartest people in the world. I mean, do they think they are so much smarter than soros and buffett? Buffett, if he was as "smart" as these pm pushers, could easily call JPM's bluff and force the issue, right? So by definition the pm pushers are the brilliant ones, and the most successful investors in the world are simply stupid, right?

 

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I bought four junk walkers for $40 and at another store they didn't have any 90% at all.

 

I have to admit that I didn't actually get to the coin store yesterday. My vehicle was in the shop, and a multitude of other excuses, but I didn't have the time. Today I'll check out what they have.

 

Physical silver - you buy @ a 10% premium and sell @ a 10% discount. 20% juice - that is twice what my bookie charges and he only collects juice if I lose. Now some people might consider buying a derivative contract on the future outcome of a sporting event as gambling. But every position I take is a lock and a sure thing unless of course the fix is in. Which apparently is the case about half the time.

 

At one point Buffett owned about 130 million ounces of silver, he sold it but its pretty likely that he was "persuaded" to sell it. If not then the "great" Buffett sold it all way to early as he sold at about $7-$8 I believe. Buffet would rather be a friend of the U.S. government than become an enemy by driving up the price of silver/gold. He got sweetheart deals involving the bank bailouts, he essentially received U.S. taxpayer dollars. (the banks he owned shares in received the dollars)

His company Berkshire Hathaway also owes back taxes and is apparently getting away with that just fine. He is just another thug, but smart enough to realize he can't win a fight against the U.S. government.

 

?

So its NOT JP Morgan manipulating silver, its the US government?

 

No one is manipulating silver Medoraman, just like no one was manipulating Libor rates, and no one is manipulating the stock market that is why they need a plunge protection team.

The U.S. economy is in full recovery and inflation has been at 2% or less for the last 20 years.

 

The U.S. govt sold its entire strategic stockpile of silver, I guess silver suddenly wasn't a strategic asset anymore and didn't need to be stockpiled. Selling it was obviously not an attempt at manipulation, they just really needed the billion dollars or so from the sales.

 

Ok i figured it out now, "the probable wartime supply exceeds projected U.S. requirements" We don't need to worry that the U.S. only mines about 40 million ounces of silver a year, while either purchasing for investment demand or industrial demand, likely 100-200 million oz+, sounds sustainable to me.

http://about.ag/StrategicStockpile.htm

The Silver Strategic Stockpile (then called the Strategic and Critical Materials Stockpile) was formed in June, 1968, with a 'donation' of 165 million ounces of silver from the U.S. Treasury. 25.5 million ounces was removed in 1970, leaving 139.5 million ounces. It stayed at about that level through 1985, after which it declined each year until 2002 when it was all used up (the silver was sold to the Treasury for making Silver Eagles). As early as 1979 it was determined that the silver was not necessary, because "the probable wartime supply exceeds projected U.S. requirements" (Report By The Comptroller of the United States, 'National Defense Requirements For A Silver Stockpile', April 10, 1979). The silver was stored in West Point (49.4Moz) and San Francisco (90.1Moz) (same source).

 

I thought "strategic stockpile" was simply a convenient way to classify this silver which came from the Treasury melting down silver coins. They told the public to not worry about hoarding silver coins, while all of the while they were melting as fast as they could. If it were truly "strategic", why would they had not created it until they could melt down our coins to make it? I consider the silver "strategic stockpile" to be marketing fluff to hide the fact the Treasury misled Americans about the wisdom of hoarding silver coins.

 

While I agree the economy is not in great condition, and official inflation figures are misleading, what does this have to do with silver? Honestly, 99% of Americans DO NOT CARE, they do not wish to own PM, they simply do not give a rip. I don't see why the US government would want to be manipulating it. Are you saying they are manipulating ALL commodities, or only PM?

 

You can bet your bottom dollar they are. Through The Farm Bill, The EPA, Fuel efficiency mandates and the likes.

 

I would go even further in saying not only do Americans not care, but I think most of that 99% has no clue about anything PM related. They are more concerned about new gagets or the new tacos made from Doritos at Taco Bell to take a few moments to learn about PM's.

 

What are we supposed to do on May 2nd? I need some guidance!

 

Buy if you can afford to and if your wife won't divorce you if silver falls to $18.

 

Whew you guys are really tiresome. Since both TinPot and Inflexion both said I don't belong here in a silver "Stacker" forum. For the next month I will give you guys your wish. I will only be posting in the numismatic areas. You can post all baseless "facts" you can find and not here a peep out of me. I will leave you with one thought though.

This is what I was taught at the Big University and it seems to explain Silvers drop from $48 - $24 It was the basis for my decision on selling my physical when I did and taking my short position when I did.

It has served me well


The value of a commodity is that commodity price which yields a return on invested capital equal to the weight-avg cost of capital for the marginal unit of supply.


If you think you can get better advice than that at Silver Doctors.Com Go for it, but it just begs the question...

How's that working out for ya...????????

See ya in June......

 

It's possible the only ones who know if PM's are being manipulated for sure are those that are sitting in on the Federal Reserves closed meetings.

Nothing can be proved, each person can only look at the evidence out there and decide for themselves what they want to believe since the powers that be hide the truth. Information is power so they do not hand it out freely.

Whether or not PMs are manipulated or not is a pointless discussion since there is nothing anyone here can do about it anyways.

The only way to change things would be for people to stop operating within the system. I have little hope for this, most people just do what the propaganda centers tell them to do. (TV/public school)

 

Thanks for the warning.

 

I don't pay much attention to all the propaganda the silver dealers put out through their fake news sites.
It has nothing to do with why I buy and stack.

 

Mike, you are one of more people than I can count on one hand who exhibit this type of behavior. I did not intend to single you out. I am not aware of any baseless facts that I have posted, as I pride myself on providing sources because I do care about being factual, not primarily because I want to convince people of what I think, but rather that I want to be as close to the truth as possible, and the truth is all I care about convincing people of, not my perception of truth. I generally avoid SilverDoctors because they jump to conclusions, however they also often repost from other sites so it's not prudent to dismiss anyone without looking into it either.

As I've said many times before, metals are elements first and foremost. They are not like other commodities. They don't grow on trees and you can't breed them. Long before they were commodities they were also money. It's fine to trade them like commodities but that is not their primary function, and to classify them as "only a commodity" is incorrect.

I'm not requesting you not to participate, but I just can't help contending when anyone tries to say metals aren't a good investment. The fundamentals for metals are second to none.