Important Read! Bob Chapman - International Forecaster article

Look I asked a question. What is to stop them from acting like a fractional reserve bank? Wouldn't short contracts with no/10% silver/gold attached to them be similar to fractional reserve banking?

I believe even in an Investment Rarities newsletter I get they warn that 90% of PM businesses go bankrupt and even talk of taking physical PM's instead of paper.

It seems to me that Bob Chapman was agreeing with Ted Butler. He took it a step further perhaps but even Ted Butler discussed the possibility of not having enough silver to back up the contracts.

This is a prime part of Ted's thesis that silver is being artificially held down.

Also, Bob Chapman seems shocked that China would back out of their contracts and was explaining what could happen if they did. I don't see that as a bad thing.

 

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A first response-- On the Question of Anti Symatism

http://www.washingtonpost.com/wp-dyn/content/article/2006/04/04/AR2006040401282.html
"Inept, even kooky academic work, then, but is it anti-Semitic? If by anti-Semitism one means obsessive and irrationally hostile beliefs about Jews; if one accuses them of disloyalty, subversion or treachery, of having occult powers and of participating in secret combinations that manipulate institutions and governments; if one systematically selects everything unfair, ugly or wrong about Jews as individuals or a group and equally systematically suppresses any exculpatory information -- why, yes, this paper is anti-Semitic."

This quote is in refferance to a book entiteld The Israel Lobby and U.S. Foreign Policy in which the authers Walt and Mearshimer (sp) argue that powerfull isreale forces control us foregin policy. I think commet about moassad in corelation with his belifes in a shadow goverment controling the world. Could lead one to belive that he is making and Anti Symetic comment. Like I said this is a hotly debated topic, but I think that it is defintly there.

Also Cloudes I should not of written the last thing I said. I appologize for making a rude comment about you. When you questioned my adacimic integrety and talked down to me in a very paternalistic way it was offensive and you hit a nverve when you commited on my ability to spell, and write. It was still in poor taste on my part and I am going to edit my post. I will post more on the Andrew Jackson Question after while.

 

This whole thread is offensive and should be censored. I'm very upset with the printed text I see here and I want to I claim my right to have removed that which offends me. Please remove it and replace it with more "lemming like" content. I shouldn't have to put up with other people's opinions.

 

3. 9-11 was not an inside job


OF course, you have all kinds of facts to back this statement up, correct? or would this just be your opinion? Time to edit now, isn't it? Coins rock dude.

 

You sir are def one of the people im talking about

Tom: Wow... No I won't edit my post you should edit your life! If on today of all days you want to have this discoution then wow! This thread is a discoution of investing in bullion and the implications of an article about bullion investing if you want to talk about coins why are you posting in the bullion thread?

I only brought this up as an example of how certin people view the world threw flux collerd glasses. Is that pictuer really your avitar or did you just add it?

So to test a theory. A quick survey if you will

1. Was the 14th amdndemnt legaly added to the constituion?
2. Is elivs still alive?
3. Do you think the fed is trying to rule the world
4. Have you ever been in a mental hospital

Wow! and to answer your question. Yes I have lots of Facts that the world trade center and the pentegon where attacked by al qaeda

 

Chip Thank You

Chip Thank You for making another amazing point that I did not. Good Job Sir!

 

Tom this is getting really annoying. Honestly, can we talk about bullion and what the article means now? Blueindian, don't give him fuel for the fire.

 

Oh good...you've got lots of facts. Excellent! Should be easy for you to come up with ONE verifiable fact then huh? Fire away.

 

Well, if you're gonna put an "(sp)" after "Mearshimer", perhaps your paragraph should look a little more like this...

Just trying to help...:whistle:

 

I don't really have anything to add to what I've already said. Comex warehouse silver and gold really exists. I think it is the responsibility of those who don't believe it to present some sort of evidence to prove it, but so far they have not. In the end, it is up to each individual to decide what they want to believe. Butler and Chapman are writing about two different situation that are only linked by the use of the word "Comex." But there is a lot of opinion out their masquerading as fact. In the end, I think Chapman would probably agree with Butler, but I'm pretty sure Butler would disagree with Chapman. Anyway, I've enjoyed diving deeper into the issue. It is both interesting and important.

 

Tom this is getting really annoying. Honestly, can we talk about bullion and what the article means now? Blueindian, don't give him fuel for the fire.

Be glad to..just have them edit everything not pertaining to the topic. Those are the rules, right?

 

You are correct. My apologies. But the subject here is bullion.

 

Clouds: thank you for the appoligie.

Tom: ur a clown


Most of everythign I talked about was realated to bullion

Adrew Jackson: Lilvey debate in the academy about weahter he caused the 37 crash or if the infulx of new metal for mexico and other areas after his decision really caused the inflation and ensuing disaster.


Contracts: well I think this is obvious but oh well

Conspierices: Agreably the least drectly realated, but still important. If I wrote an article and posted it in a blog that alianes abducted me and told me they where going to flood the earth with gold that was as common on their planet as coal is on ours would anyone belive me. While a strech I hope it is at least an example of how conspirecy maskerading as truth is a bad thing. Me and Clouds bouth firmly agree on this point

and finaly. I agree and have posted on other threads that metal etfs IMHO should not be meant to subsitute owning the actual metal. It would obvioulsy be a poor decison to buy and hold 100K worth of gld or slv. Why not just buy the bullion, but and this is a hudge but. If you want to buy them and trade the trends it is a great way to do it. No one can buy option contracts for a hundred first lady coins, but you can headge with options on gld. Puts where made up for a reason

Still think champman is a loon, but hey what do I know

 

Still think champman is a loon, but hey what do I know


Amen.

 

Ok...all joking aside, when this thread began, I clicked on the Bob Chapman link because I'm truely interested in anything that influences commodity prices...I'm learning.

Once I got down to the third paragraph and started reading phrases like "puppet masters" and "shadow governments", I gotta say...my brain shut down. I'm fairly conservative, but I like articles (like Theodore Butler's article below) that are instructive and to-the-point.

The problem I have with Butler's article is that there are no attributions for his claims. He claims there exists a 60 year build up of naked short contracts involving "billions" of ounces of silver; more silver than has ever been mined. He also claims that the COMEX warehouse only holds about 100 million ounces of silver and can not possibly cover these contracts. Just because he says it doesn't make it true. Below is the article by Theodore Butler entitled, "The Coming Silver Accident".

 

Mr. Chapman is an extremely intelligent man..one of the few who are not afraid to tell it like it is, and the information he projects can't be matched IMHO.

 

Although I criticized some of Chapman's unsubstantiated claims, I would also caution of just dismissing him completely without investigation. Everything should be investigated. Never shut down your brain just because something is uncomfortable to your world view. I believe the source of the shadow government claims originated with some admissions by Chancellor Angela Merkel of Germany -- a pretty credible source. However, I never saved a link or source for Merkel's statement so perhaps you should only believe me if you investigate it yourself. Butler's claims are supported by the weekly Commitment of Traders Report. And it is no secret that the Comex warehouses normally hold between 100 and 120million ounces of silver since this is public record. It was never intended that the bullion in storage should cover all short positions since most of the shorts have historically been the silver mining companies which have their own secure source of silver inventories and production. So while just because he says it doesn't make it true, it also doesn't mean it should be discounted without looking into it.

I always try to discover what can be documented and what is speculation. It isn't always easy but I find the research mildly enjoyable.

 

You and I are Eye-to-Eye on this, Brother! :high5: I need to know, but I also need to separate the conspiracy theories from facts.

Chapman says that this will be the end of the COMEX and Butler says it's utopia for silverbugs...are they both right? ...what's going on?

Here's why this concerns me...and it's bigger than just a bunch of silver contracts...

In 2005, USA Today has an article about Vladimir Putin and Hu Jintao calling for a stronger UN role in global affairs.

http://www.usatoday.com/news/world/2005-07-01-russia-china_x.htm

Since then, Putin has taken tighter control over Russian Oil reserves to include the Ukrainian pipelines to the Black Sea. China has been buying up every commodity, PM mine, and US debt obligation it can get it's hands on...not to mention increasing its military presence in South and Central America...to include the Panama Canal.

That's worrisome to me. I'm just trying to separate the "wheat from the chaff"...to figure out what's going on. Perhaps it's nothing...who knows? ...but the silver contracts may be a piece to the puzzle.

hehe...now who has the conspiracy theory? :secret:

 

Everything is a piece of the puzzle, and there is plenty to worry about. Most people know more about the death of Michael Jackson than they know about real current events, particularly as they apply to global issues and economics. When you hear the word "conspiracy" it's a pretty safe bet that something has been said that you aren't supposed to think about. There is no news in the news. People are "educated" just enough to be productive workers, but not enough to think critically. Expect the trend to accelerate. I think Butler has part of the silver story, but probably not all of it. Chapman seems well aware of the more serious political and economic problems, but fails to document his claims so they must remain in the realm of opinion. Probably nothing we read about what China is doing or plans to do is true because China never talks about it and on the rare occasions they do, they lie. That said, silver and gold bullion seem like decent holdings based on the supply/demand fundamentals and the lack of safe alternatives. Bonds are a deathtrap waiting to happen. Stocks are still expensive by historical standards. Peak oil is probably real. Inflation seems like a high probability event, but so does deflation so neither opinion helps much. All we can do is the best we can.

 

Tom: ur a clown


Hey I know we don't name call other members here...looks like you "missed" an edit there. I'm sure it was an accident.