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192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!

 
Anonymous Coward
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11/02/2012 08:48 PM
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192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
According to NetDania’s volume (which approximates volume from 5 separate sources and is not an exact indicator of volume data) 38,400 contracts, or 191.99 million ounces of paper silver (nearly a quarter of annual global silver production!) were dumped on the market in only 10 minutes between 8:30 and 8:40am EST upon the release of the NFP data.

[link to www.silverdoctors.com]
Anonymous Coward
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11/02/2012 08:50 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Desperation.
Once4All
The Truth Is Clear To Everyone!

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11/02/2012 08:56 PM

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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Desperation.
 Quoting: Anonymous Coward 26879045


... and/or insanity!
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
Anonymous Coward (OP)
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11/02/2012 08:57 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Desperation.
 Quoting: Anonymous Coward 26879045


yeah, not too obvious huh?

question is, what happens after the election?
Anonymous Coward
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11/02/2012 09:06 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
question is, what happens after the election?


Any # of things NWO, Nation wide riots, or Global Peace!

Love thy neighbor lol
Anonymous Coward
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11/02/2012 09:10 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have a handed down gold stamp collection. Like 10,000 24 karat gold stamps. If I rolled every stamp into a ball I wouldnt even get an ounce.

Is paper silver like this? What is the point of them doing this? Will this beneifit people that have hard silver? please explain
Anonymous Coward
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China
11/02/2012 09:16 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
They are taking out all stops to dissuade the masses from real money, from hard currency, by making the metals as volatile as possible and unnatractive investment-wise to newbies - i.e. 98% of people.
Anonymous Coward
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Switzerland
11/02/2012 09:19 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have a handed down gold stamp collection. Like 10,000 24 karat gold stamps. If I rolled every stamp into a ball I wouldnt even get an ounce.

Is paper silver like this? What is the point of them doing this? Will this beneifit people that have hard silver? please explain
 Quoting: Anonymous Coward 2679163


rofl you're funny, paper silver isn't literally silver it's just paper like a bank note or a stock share, in other words it's a joke. stoner
Anonymous Coward
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11/02/2012 09:30 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Didn't even budge silver price lol!
M-Class 25

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11/02/2012 09:32 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have always told anyone that would listen that paper means nothing when the crap hits the fan.

The wave around the world transferring paper into physical is really alarming now though.
Anonymous Coward
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11/02/2012 09:40 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have always told anyone that would listen that paper means nothing when the crap hits the fan.

The wave around the world transferring paper into physical is really alarming now though.
 Quoting: M-Class 25


But, Everything is traded in paper. Everything !
They created these paper scripts so that they can control the price/demand of everything. This is not a free and open market is it ?

Here is who is controlling the paper

Exchange operators CME Group and ICE Futures U.S. said on Wednesday they would stick with their existing position limits regimes after a court threw out the U.S. Commodity Futures Trading Commission's (CFTC) new rule to curb commodity market speculation.

CME Group and ICE, a subsidiary of IntercontinentalExchange Inc, had proposed revisions to their own position limit rules to bring them in line with the changes mandated by the CFTC. Those changes were due to come into effect on Oct. 12, but the rule was thrown out by the U.S. District Court of Columbia on Friday following a lengthy challenge by Wall Street banks.

CME Group said that "in light of the action by the District Court" they were withdrawing plans to revise the exchanges' "Rule 559" which governs the number of commodity contracts an individual can hold on the New York Mercantile Exchange, Chicago Board of Trade, and the Chicago Mercantile Exchange.

"The Exchanges will not be adopting any revisions to Rule 559 at this time, and will continue to consider all requests for exemptions subject to the existing provisions of Rule 559," CME Group said in an emailed notice.

ICE put out a similar statement.

CFTC Chairman Gary Gensler vowed on Tuesday to push ahead with efforts to reinstate the rule, arguing it was mandated by the Dodd-Frank financial reform law. He did not rule out an appeal to a higher court.

Bart Chilton, one of five CFTC commissioners, said Tuesday that he thought the CFTC should "immediately" appeal against the court decision and seek a stay so that it could go forward.

It should also start drafting yet another rule to address the concerns of the court, Chilton said.

U.S. District Judge Robert Wilkins, who was appointed by President Barack Obama, said the CFTC had failed to prove that it was necessary to impose new caps on speculative bets in 28 U.S. markets, including copper, corn and crude oil, to reduce price spikes and volatility


[link to newsandinsight.thomsonreuters.com]
2FishOn

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11/02/2012 09:43 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Didn't even budge silver price lol!
 Quoting: Anonymous Coward 26501039


YOUR FULL OF SHIT!!!! It sank over a Dollar Thirty Five fucking bull shiter!!!
2FishOn
ceawaves

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11/02/2012 09:53 PM

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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Desperation.
 Quoting: Anonymous Coward 26879045


... and/or insanity!
 Quoting: Once4All


Or 2008 on the flip side..:)
Anonymous Coward
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11/02/2012 09:59 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have a handed down gold stamp collection. Like 10,000 24 karat gold stamps. If I rolled every stamp into a ball I wouldnt even get an ounce.

Is paper silver like this? What is the point of them doing this? Will this beneifit people that have hard silver? please explain
 Quoting: Anonymous Coward 2679163


Here's what this means....

First off, your gold stamp collection is just fine.

The issue is in our financial markets,where virtually any trading company can sell pieces of paper labeled 'One Ounce .999 silver' as long as they promise to exchange it for a real ounce of silver upon demand of the purchaser. These pieces of paper sold like crazy and buyers squirreled away their stacks of paper as if it was the real precious metal. Because most large buyers didnt want to take physical possession of their gold, financial institutions were able to issue more paper i.o.u's than they could back up as they knew only a fraction of buyers would seek to redeem their paper for the real deal. There are now more gold and silver IOU's than gold and silver to back them up (massive understatement). Silver investors have been calling for official investigations into this massive fraud for close to decade now, to no avail.

Now, with Germany bringing back its gold for physical inventory and perhaps other major central banks following suit, the ponzi scheme will be more impossible to maintain.

What that means for gold & silver prices is they may well go through the roof as more buyers demand their gold & silver in actual assayed bullion. The demand is massive - the actual precious metals are really quite limited...far more limited than the paper market.

anyways, yes, your cool stamp collection should only grow in value!
ladyannie2009

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11/02/2012 10:01 PM

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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Desperation.
 Quoting: Anonymous Coward 26879045


... and/or insanity!
 Quoting: Once4All


Or 2008 on the flip side..:)
 Quoting: ceawaves



yes
"the truth will stand up, when nothing else will"
- annie's mom

"When a great ship is in harbor and moored, it is safe, there can be no doubt. But that is not what great ships are built for."
- Dr. Clarissa Pinkola Estes
Anonymous Coward
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11/02/2012 10:04 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Didn't even budge silver price lol!
 Quoting: Anonymous Coward 26501039


YOUR FULL OF SHIT!!!! It sank over a Dollar Thirty Five fucking bull shiter!!!
 Quoting: 2FishOn


5a You cant eat silver
2FishOn

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11/02/2012 10:09 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Didn't even budge silver price lol!
 Quoting: Anonymous Coward 26501039


YOUR FULL OF SHIT!!!! It sank over a Dollar Thirty Five fucking bull shiter!!!
 Quoting: 2FishOn


5a You cant eat silver
 Quoting: Anonymous Coward 12680882


Lot of people are "Eating Silver" that invested in the 40's...thats for sure
2FishOn
Anonymous Coward
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United States
11/02/2012 10:14 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Didn't even budge silver price lol!
 Quoting: Anonymous Coward 26501039


YOUR FULL OF SHIT!!!! It sank over a Dollar Thirty Five fucking bull shiter!!!
 Quoting: 2FishOn


5a You cant eat silver
 Quoting: Anonymous Coward 12680882


Lot of people are "Eating Silver" that invested in the 40's...thats for sure
 Quoting: 2FishOn


bad for them to buy at $40 they could have buyed beans and rice
Wubbo Ockels

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Netherlands
11/02/2012 10:16 PM

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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Silver is THE key
also check out this vid (6:45 in):

R.I.P. for the real Wubbo Ockels. He was a true icon of my country, and a great front-fighter for sustainable energie/technology and humanism.

"Yes, we have hurdles, we have distractions, we have disasters, personally and world-wide, and we do have to work it all out ourselves. BUT, there is a most amazing experience awaiting us on the other end of the finish-line.
The idea being, once we can handle it all down here, then we can live and explore eternally, responsibly, because we know what not to do, and not be resentful about being responsible, so we don't start a polarity domino effect in the other realms of existence."

"The Fraction" of Life can be increased in value not so much by increasing your Numerator as by lessening your Denominator. Nay, unless my Algebra deceive me, Unity itself divided by Zero will give Infinity."

Thread: LADIES & GENTLEMEN: I PRESENT to YOU OUR NEW SUN !!
Anonymous Coward
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Mexico
11/02/2012 10:18 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
Desperation.
 Quoting: Anonymous Coward 26879045


Try ..very profitably !!
Anonymous Coward
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United States
11/02/2012 10:23 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have a handed down gold stamp collection. Like 10,000 24 karat gold stamps. If I rolled every stamp into a ball I wouldnt even get an ounce.

Is paper silver like this? What is the point of them doing this? Will this beneifit people that have hard silver? please explain
 Quoting: Anonymous Coward 2679163


Here's what this means....

First off, your gold stamp collection is just fine.

The issue is in our financial markets,where virtually any trading company can sell pieces of paper labeled 'One Ounce .999 silver' as long as they promise to exchange it for a real ounce of silver upon demand of the purchaser. These pieces of paper sold like crazy and buyers squirreled away their stacks of paper as if it was the real precious metal. Because most large buyers didnt want to take physical possession of their gold, financial institutions were able to issue more paper i.o.u's than they could back up as they knew only a fraction of buyers would seek to redeem their paper for the real deal. There are now more gold and silver IOU's than gold and silver to back them up (massive understatement). Silver investors have been calling for official investigations into this massive fraud for close to decade now, to no avail.

Now, with Germany bringing back its gold for physical inventory and perhaps other major central banks following suit, the ponzi scheme will be more impossible to maintain.

What that means for gold & silver prices is they may well go through the roof as more buyers demand their gold & silver in actual assayed bullion. The demand is massive - the actual precious metals are really quite limited...far more limited than the paper market.

anyways, yes, your cool stamp collection should only grow in value!
 Quoting: Anonymous Coward 7632532


Thank you for the answer. Only a few more questions. If silver investors have been looking into the fraud why arent they asking for their actual silver?

Also why would Germanys gold be anywhere but Germany? Where are the calling it back from?

And finally should I keep my stamp collection in stamps or try to melt it down? Not sure how its worth anything
Anonymous Coward
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United States
11/02/2012 10:24 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I wonder if traditional value ratio betw gold and silver will ever become real or relevant again.
You know, just abandon any idea of such a relationship betw these metal reference points that once were normal.

Perhaps since there is nothing of value to back metal values maybe as long as the NWO bunch are around, references as well as terms creating that kind of mental/emotional reason about value is being kept out of all conversation.

Then you can't predict meaning in metal activity or have a real conversation about it.

Follow? I might be crazy.
Anonymous Coward
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11/02/2012 10:25 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
According to NetDania’s volume (which approximates volume from 5 separate sources and is not an exact indicator of volume data) 38,400 contracts, or 191.99 million ounces of paper silver (nearly a quarter of annual global silver production!) were dumped on the market in only 10 minutes between 8:30 and 8:40am EST upon the release of the NFP data.

[link to www.silverdoctors.com]
 Quoting: Anonymous Coward 26871300


Any excuse is as good as another for dropping the price. There was nothing in the jobs report to cause silver to go crazy. Nothing at all. But they use it to synchronize their grand theft actions.

I called this 19 days ago:

Thread: Bernanke and JP Morgan to drive down GOLD and SILVER between now and election day.
Anonymous Coward
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United States
11/02/2012 10:43 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
could someone answer this (excuse my ignorance of the market) when silver is dumped or stocks for that who is buying them or is it just consumed into the equivalent of a fanacial iCloud?
Anonymous Coward
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United States
11/02/2012 10:49 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have a handed down gold stamp collection. Like 10,000 24 karat gold stamps. If I rolled every stamp into a ball I wouldnt even get an ounce.

Is paper silver like this? What is the point of them doing this? Will this beneifit people that have hard silver? please explain
 Quoting: Anonymous Coward 2679163


Here's what this means....

First off, your gold stamp collection is just fine.

The issue is in our financial markets,where virtually any trading company can sell pieces of paper labeled 'One Ounce .999 silver' as long as they promise to exchange it for a real ounce of silver upon demand of the purchaser. These pieces of paper sold like crazy and buyers squirreled away their stacks of paper as if it was the real precious metal. Because most large buyers didnt want to take physical possession of their gold, financial institutions were able to issue more paper i.o.u's than they could back up as they knew only a fraction of buyers would seek to redeem their paper for the real deal. There are now more gold and silver IOU's than gold and silver to back them up (massive understatement). Silver investors have been calling for official investigations into this massive fraud for close to decade now, to no avail.

Now, with Germany bringing back its gold for physical inventory and perhaps other major central banks following suit, the ponzi scheme will be more impossible to maintain.

What that means for gold & silver prices is they may well go through the roof as more buyers demand their gold & silver in actual assayed bullion. The demand is massive - the actual precious metals are really quite limited...far more limited than the paper market.

anyways, yes, your cool stamp collection should only grow in value!
 Quoting: Anonymous Coward 7632532


Thank you for the answer. Only a few more questions. If silver investors have been looking into the fraud why arent they asking for their actual silver?

Also why would Germanys gold be anywhere but Germany? Where are the calling it back from?

And finally should I keep my stamp collection in stamps or try to melt it down? Not sure how its worth anything
 Quoting: Anonymous Coward 2679163


Large investors (large funds) prefer to have the issuing authority hold the physical gold because its expensive to do so...massively expensive vaults, security staff, etc. The complaints were largely driven by smaller private investors that have manageable amounts of gold & silver in their possession....they feel large traders SHOULD take physical receipt of their metals. As long as large financial companies can create gold & silver certificates out of thin air and inflate the amount of silver and gold on paper, small investors get taken advantage of by having their real, physical assets devalued....I wish I could explain this better.

Central Banks send gold to foreign countries for efficient safekeeping and also to secure much larger finacial transactions between the countries. The German Central Bank's actions come after, I believe it was New Zealand, had learned a portion of their gold reserves had been counterfeited....real gold bars came back as gold-plated tungsten. Just to give you an idea of how much gold is involved, it will take Germany 3 years to bring back all its gold reserves held abroad. I cant imagine what would happen if the American people called for our own gold reserves to be audited!

I wouldn't melt it!! If gold does continue to rise, that will be an underlying value adding to the collectible value....similar to a historic gold coin - the gold material has a value but there is also a collectible value.
CrazyMama73

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Canada
11/02/2012 10:56 PM

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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
It F'n sucks, my shares in gold and silver and gold are annoying right now to say it nicely.
CrazyMama73
Anonymous Coward
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United States
11/02/2012 11:01 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have a handed down gold stamp collection. Like 10,000 24 karat gold stamps. If I rolled every stamp into a ball I wouldnt even get an ounce.

Is paper silver like this? What is the point of them doing this? Will this beneifit people that have hard silver? please explain
 Quoting: Anonymous Coward 2679163


Here's what this means....

First off, your gold stamp collection is just fine.

The issue is in our financial markets,where virtually any trading company can sell pieces of paper labeled 'One Ounce .999 silver' as long as they promise to exchange it for a real ounce of silver upon demand of the purchaser. These pieces of paper sold like crazy and buyers squirreled away their stacks of paper as if it was the real precious metal. Because most large buyers didnt want to take physical possession of their gold, financial institutions were able to issue more paper i.o.u's than they could back up as they knew only a fraction of buyers would seek to redeem their paper for the real deal. There are now more gold and silver IOU's than gold and silver to back them up (massive understatement). Silver investors have been calling for official investigations into this massive fraud for close to decade now, to no avail.

Now, with Germany bringing back its gold for physical inventory and perhaps other major central banks following suit, the ponzi scheme will be more impossible to maintain.

What that means for gold & silver prices is they may well go through the roof as more buyers demand their gold & silver in actual assayed bullion. The demand is massive - the actual precious metals are really quite limited...far more limited than the paper market.

anyways, yes, your cool stamp collection should only grow in value!
 Quoting: Anonymous Coward 7632532


Thank you for the answer. Only a few more questions. If silver investors have been looking into the fraud why arent they asking for their actual silver?

Also why would Germanys gold be anywhere but Germany? Where are the calling it back from?

And finally should I keep my stamp collection in stamps or try to melt it down? Not sure how its worth anything
 Quoting: Anonymous Coward 2679163


Large investors (large funds) prefer to have the issuing authority hold the physical gold because its expensive to do so...massively expensive vaults, security staff, etc. The complaints were largely driven by smaller private investors that have manageable amounts of gold & silver in their possession....they feel large traders SHOULD take physical receipt of their metals. As long as large financial companies can create gold & silver certificates out of thin air and inflate the amount of silver and gold on paper, small investors get taken advantage of by having their real, physical assets devalued....I wish I could explain this better.

Central Banks send gold to foreign countries for efficient safekeeping and also to secure much larger finacial transactions between the countries. The German Central Bank's actions come after, I believe it was New Zealand, had learned a portion of their gold reserves had been counterfeited....real gold bars came back as gold-plated tungsten. Just to give you an idea of how much gold is involved, it will take Germany 3 years to bring back all its gold reserves held abroad. I cant imagine what would happen if the American people called for our own gold reserves to be audited!

I wouldn't melt it!! If gold does continue to rise, that will be an underlying value adding to the collectible value....similar to a historic gold coin - the gold material has a value but there is also a collectible value.
 Quoting: Anonymous Coward 7632532


Thanks Alot. I fully understand now you explained it really well. My guess is the largest investors wont ever want to trade in for their actual silver because theyre the ones running the scam. If they do they will cripple themselves.
Anonymous Coward
User ID: 7632532
United States
11/02/2012 11:02 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
could someone answer this (excuse my ignorance of the market) when silver is dumped or stocks for that who is buying them or is it just consumed into the equivalent of a fanacial iCloud?
 Quoting: Anonymous Coward 26768633


They are sold to the market at an asking price based on the current posted price (in this case of metals, called a 'spot price'). Buyers then 'bid' either more or less than that asking price depending on the amount of competition among buyers.....obviously, that's how prices go up or down based on this demand. Since 2003 there's been far more demand for gold than actual gold for sale (even taking into consideration all the manufactured paper gold I.O.Us)...When a major player trys to sell large amounts of gold in a sudden sell-off, the market price will temporarily come down, but will equalize as the excess is absorbed and the broader trend will then continue.
Anonymous Coward
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11/02/2012 11:07 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
I have a handed down gold stamp collection. Like 10,000 24 karat gold stamps. If I rolled every stamp into a ball I wouldnt even get an ounce.

Is paper silver like this? What is the point of them doing this? Will this beneifit people that have hard silver? please explain
 Quoting: Anonymous Coward 2679163


There is no 'gold value' in replicas. Many contain alloys or look-alikes and even real gold used is not of the appropriate quality for direct resale. And as the 'gold' is steamed onto the carrier it merely results in a layer of molecular thickness (for comparison: even 24k gold leaf is 0,007 millimeter thick).

From a few tons of real gold replicas processed one would only receive quite a lot of toxic waste, an incredibly high energy bill and a meager few gramms of gold which then would still have to be purified. Read as: financial fiasco.

Taking into account the actual gold price it's easier to invest in cell phones for recycling as the minor traces of rare materials involved there are by far more interesting. 40-42 cell phones for example contain as much pure gold as could normally be extracted from a whole ton of gold ore. But they also contain silver, copper, aluminium and of course palladium (next to other things).
fellowearthling

User ID: 26882944
New Zealand
11/02/2012 11:09 PM

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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
The difference between silver
and paper silver is silver
is a trace mineral that has
valuable medicinal benefits...
the paper version has as much
value as we ascribe to it.
Natural law created humans.
Human nature created lawyers.
Anonymous Coward
User ID: 7632532
United States
11/02/2012 11:11 PM
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Re: 192 Million Ounces of Paper Silver Dumped on Market in 10 Minutes On NFP Release!
...


Here's what this means....

First off, your gold stamp collection is just fine.

The issue is in our financial markets,where virtually any trading company can sell pieces of paper labeled 'One Ounce .999 silver' as long as they promise to exchange it for a real ounce of silver upon demand of the purchaser. These pieces of paper sold like crazy and buyers squirreled away their stacks of paper as if it was the real precious metal. Because most large buyers didnt want to take physical possession of their gold, financial institutions were able to issue more paper i.o.u's than they could back up as they knew only a fraction of buyers would seek to redeem their paper for the real deal. There are now more gold and silver IOU's than gold and silver to back them up (massive understatement). Silver investors have been calling for official investigations into this massive fraud for close to decade now, to no avail.

Now, with Germany bringing back its gold for physical inventory and perhaps other major central banks following suit, the ponzi scheme will be more impossible to maintain.

What that means for gold & silver prices is they may well go through the roof as more buyers demand their gold & silver in actual assayed bullion. The demand is massive - the actual precious metals are really quite limited...far more limited than the paper market.

anyways, yes, your cool stamp collection should only grow in value!
 Quoting: Anonymous Coward 7632532


Thank you for the answer. Only a few more questions. If silver investors have been looking into the fraud why arent they asking for their actual silver?

Also why would Germanys gold be anywhere but Germany? Where are the calling it back from?

And finally should I keep my stamp collection in stamps or try to melt it down? Not sure how its worth anything
 Quoting: Anonymous Coward 2679163


Large investors (large funds) prefer to have the issuing authority hold the physical gold because its expensive to do so...massively expensive vaults, security staff, etc. The complaints were largely driven by smaller private investors that have manageable amounts of gold & silver in their possession....they feel large traders SHOULD take physical receipt of their metals. As long as large financial companies can create gold & silver certificates out of thin air and inflate the amount of silver and gold on paper, small investors get taken advantage of by having their real, physical assets devalued....I wish I could explain this better.

Central Banks send gold to foreign countries for efficient safekeeping and also to secure much larger finacial transactions between the countries. The German Central Bank's actions come after, I believe it was New Zealand, had learned a portion of their gold reserves had been counterfeited....real gold bars came back as gold-plated tungsten. Just to give you an idea of how much gold is involved, it will take Germany 3 years to bring back all its gold reserves held abroad. I cant imagine what would happen if the American people called for our own gold reserves to be audited!

I wouldn't melt it!! If gold does continue to rise, that will be an underlying value adding to the collectible value....similar to a historic gold coin - the gold material has a value but there is also a collectible value.
 Quoting: Anonymous Coward 7632532


Thanks Alot. I fully understand now you explained it really well. My guess is the largest investors wont ever want to trade in for their actual silver because theyre the ones running the scam. If they do they will cripple themselves.
 Quoting: Anonymous Coward 2679163


Yeah, and thats the bottom line...they're essentially selling gold and silver they don't own like a game of musical chairs only there's only 2-3 chairs for every hundred players. When people start demanding those 'chairs'....well, chaos will ensue. Good Luck to you!

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