Message:

<p>[QUOTE=&quot;RedOakPresoBox, post: 682281, member: 19928&quot;]Well I get that newsletter from Investment Rarities. It comes about twice or three times a month. It is very, very informative. Their over spot price is kind of high but they have done billions in business over the years and have a wide variety of stuff for sale.</p><p>&nbsp;</p><p>Anyway, Ted Butler seems to think the new head of the CFTC Gary Gensler will be running a tighter ship and hopefully he will butt some heads on the silver short contracts. (in relation to wheat futures that some govt. official was up in arms about) He compared the two and it is not apples to apples. He thinks the cap should be 1500 contracts versus 6500. And on top of that I think Morgan Stanley actually got busted because they didn&#039;t actually have the silver in house as they said. To which they responded &quot;Well, everyone does that.&quot; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>You guys probably are aware of all of this and the two or three large banks having all the short positions in silver. Well, he thinks that silver can blow by it&#039;s all time high of around $50 an oz., or at least hit that for sure again. Inflation adjusted it is supposed to be $137 and gold is somewhere around $2300 inflation adjusted IIRC.</p><p>&nbsp;</p><p>The interesting thing from reading his columns in that newsletter over the last year or so he says that there used to be 60 billion ounces of silver above ground back in the 60&#039;s. But with heavy industrial use we are now down to 1 billion ounces above ground world wide and with gold we have about 5 billion ounces above ground world wide.</p><p>&nbsp;</p><p>So, in my estimation that is some realy wide ground to make up even with the 62 to 1 ratio in place as is (historically it should be 15 to 1). But he has been doing this for 20 some odd years now so he has been doing his homework.</p><p>&nbsp;</p><p>Sorry if you guys read him and knew about this already. He just frames a compelling argument in the pro silver column and I guess I wanted to share for those that might not know. The guy is wise, but I am not sure I can afford his newsletter which is about $300 a year. Has anyone bought it yet?</p><p>&nbsp;</p><p>I just wish I had about 50k sitting around liquid to scoop a bunch up. </p><p>&nbsp;</p><p>PS I have been speaking with a guy from Investment Rarities once in awhile and he told me their target for the end of the year price for silver is $25 an ounce. We have been pretty active this week. I think I saw on Bloomberg for the week it was up $1.47 an ounce.</p><p>&nbsp;</p><p>Anyway, if it wasn&#039;t for Ron Paul, Peter Schiff, Edward G. Griffin, Tom Woods, Lew Rockwell, the Mises guys and a host of others, I wouldn&#039;t be here talking about this with you all. I&#039;m glad I found this place! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in