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Risk off event potentially coming. DO NOT SELL YOUR SILVER.

 
CrazyEyesThreadKilla

User ID: 31856760
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01/27/2013 11:35 PM

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Risk off event potentially coming. DO NOT SELL YOUR SILVER.
This is an important thread:

Thread: Silver Madness

There are always hyperbolic silvertard threads on GLP. It is a regular feature, and normally whatever the story claiming that silver is about to explode, it is total crap.

But this is different. The behavior in the silver market that has developed over the last couple of months is different from the past, and the moves by foreign central banks have been pretty unprecedented in most of our lifetimes.

If there truly is a physical silver problem, which there really seems to be at the moment, TPTB have a couple of choices to maintain their program of price suppression.

One is to let prices run higher and stay on the bid, so they can collect physical from early sellers. Despite the obvious objection that this undermines their core goal of price suppression, it also does nothing to solve the problem, if, in fact, there are few natural sellers of size physical at slightly higher prices. Which is likely the case. Most holders of physical silver are not looking to collect a few bucks per ounce. They are strong hands, and driving up prices will not help the TPTB.

The other strategy, and the one I am here to warn you about, is a serious risk-off event that would drive prices of all assets down in a panicky manner. This strategy causes all kinds of pain for all kinds of financial player, but by forcing many players to disgorge assets, including silver, at fire sale prices to cover other losses, it allows the TPTB to turn those derivative positions into physical silver.

Moreover, the panic provides cover for outright theft, ala MF Global, although in this case, you would expect there to be some kind of "error" at a warehouse, where inventory disappears, "owners" realize they've been screwed, some mid-level hack takes the blame, and any compensation is years down the road in devalued dollars. Meanwhile, the thief (aka TBTF bank with high-power legal) gets his hands on physical.

In short, my warning now is to
a) decrease leverage
b) do not sell your silver, no matter how frightening any upcoming down move is. TBTP could easily flush silver prices down to the $16-$18 level. It would scare some people into vomiting out inventory even as others would find that their local coin shops are all sold out (you could not actually obtain any physical silver at anywhere near the "market" price).
c) when you see the momentum of the down move starting to reverse, if you have cash and can find someone willing to sell physical, buy with both hands.
black calx
hee ho ho ho!

User ID: 1707704
United States
01/27/2013 11:37 PM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
This message has been approved by Gerald Celente. 5* and BTFD!

celente1
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.

Buddha say - don't bend over backwards.

"At times reality just can't be trusted." - Clyde Lewis
CrazyEyesThreadKilla (OP)

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01/27/2013 11:40 PM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
One more recommendation (which you should know by now):

Move any paper silver to physical. It is a hassle and can be expensive in its own right, but it protects you from being MF Global'ed someday when the new phrase that will be on everyone's lips is "counterparty risk".
Anonymous Coward
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United States
01/27/2013 11:41 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
People will buy it all up at 25.00 let alone 16-17. There's no way you'll be able to touch it for those prices. All the buying is already holding it at 27-28. I don't see much lower than that and obtainable.
Anonymous Coward
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United States
01/27/2013 11:54 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
black calx
hee ho ho ho!

User ID: 1707704
United States
01/28/2013 12:02 AM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


That depends on how far south things will go. If you're hoping for a best case scenario that only the dollar will be replaced, you can invest your silver into the new currency or whatever else.

If it becomes a full fledged 1984 with telescreens in every room and you have an RFID chip, then yes it won't matter.
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.

Buddha say - don't bend over backwards.

"At times reality just can't be trusted." - Clyde Lewis
Anonymous Coward
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United States
01/28/2013 12:03 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


That depends on how far south things will go. If you're hoping for a best case scenario that only the dollar will be replaced, you can invest your silver into the new currency or whatever else.

If it becomes a full fledged 1984 with telescreens in every room and you have an RFID chip, then yes it won't matter.
 Quoting: black calx


I can tell you either way, you WILL NOT benefit. Your silver or PM's will not be allowed into a new currency. I run strategic sims, and CoG events, and I can tell you with 100% certainty that PM's will NOT benefit you at ALL... take it for what it is worth...
frippy

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United States
01/28/2013 12:18 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


That depends on how far south things will go. If you're hoping for a best case scenario that only the dollar will be replaced, you can invest your silver into the new currency or whatever else.

If it becomes a full fledged 1984 with telescreens in every room and you have an RFID chip, then yes it won't matter.
 Quoting: black calx


I can tell you either way, you WILL NOT benefit. Your silver or PM's will not be allowed into a new currency. I run strategic sims, and CoG events, and I can tell you with 100% certainty that PM's will NOT benefit you at ALL... take it for what it is worth...
 Quoting: Anonymous Coward 33176477


bsflag
cultivating frippy
Anonymous Coward
User ID: 15488325
United States
01/28/2013 12:20 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


That depends on how far south things will go. If you're hoping for a best case scenario that only the dollar will be replaced, you can invest your silver into the new currency or whatever else.

If it becomes a full fledged 1984 with telescreens in every room and you have an RFID chip, then yes it won't matter.
 Quoting: black calx


I can tell you either way, you WILL NOT benefit. Your silver or PM's will not be allowed into a new currency. I run strategic sims, and CoG events, and I can tell you with 100% certainty that PM's will NOT benefit you at ALL... take it for what it is worth...
 Quoting: Anonymous Coward 33176477


Please tell us more about strategic sims, and CoG events.

Thanks.
black calx
hee ho ho ho!

User ID: 1707704
United States
01/28/2013 12:21 AM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


That depends on how far south things will go. If you're hoping for a best case scenario that only the dollar will be replaced, you can invest your silver into the new currency or whatever else.

If it becomes a full fledged 1984 with telescreens in every room and you have an RFID chip, then yes it won't matter.
 Quoting: black calx


I can tell you either way, you WILL NOT benefit. Your silver or PM's will not be allowed into a new currency. I run strategic sims, and CoG events, and I can tell you with 100% certainty that PM's will NOT benefit you at ALL... take it for what it is worth...
 Quoting: Anonymous Coward 33176477


cruiselol12
[link to www.youtube.com (secure)]

Watch "The Money Masters" and read "The Creature From Jekyll Island" by G. Edward Griffin to unveil the true enemy.

Buddha say - don't bend over backwards.

"At times reality just can't be trusted." - Clyde Lewis
wishiwas

User ID: 31925288
United States
01/28/2013 12:30 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I can tell you either way, you WILL NOT benefit. Your silver or PM's will not be allowed into a new currency. I run strategic sims, and CoG events, and I can tell you with 100% certainty that PM's will NOT benefit you at ALL... take it for what it is worth...
 Quoting: Anonymous Coward 33176477




Please elaborate.
UnmannedAerialPilot

User ID: 32864055
United States
01/28/2013 12:32 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
One more recommendation (which you should know by now):

Move any paper silver to physical. It is a hassle and can be expensive in its own right, but it protects you from being MF Global'ed someday when the new phrase that will be on everyone's lips is "counterparty risk".
 Quoting: CrazyEyesThreadKilla


You my Caucasian! 5*
Anonymous Coward
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Argentina
01/28/2013 01:00 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Getting silver down to the $16 - $18 range would not be a wise play for TPTB, and they know it; the buying from the big players would be so intense that their price suppression scheme would fail in very short order, and I mean fail outright. They know the line they walk with regards to PM price management is a fine one, and they walk it very well (unfortunately).

That being said, your advice is still excellent, OP. Using leverage in the PM space in 2013 is utter insanity. I say this having been a successful trader for quite few years before retiring from that game. The volatility that's coming will absolutely eat you alive if you try to trade it. Buy physical, store it outside the banking system, and hold onto your hat. Something BIG is coming, and it's coming this year.
Anonymous Coward
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Canada
01/28/2013 01:10 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Ugh. Unfortunately I am broke and I've been having to sell my silver. I've already sold 300 ounces of it to make ends meet. Probably the big move up won't come until i'm all sold out. Fortunately I at least bought all of it under $20, much of it for under $10
Anonymous Coward
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Canada
01/28/2013 01:19 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
yeah,sure
Anonymous Coward
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United States
01/28/2013 01:26 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Ugh. Unfortunately I am broke and I've been having to sell my silver. I've already sold 300 ounces of it to make ends meet. Probably the big move up won't come until i'm all sold out. Fortunately I at least bought all of it under $20, much of it for under $10
 Quoting: Anonymous Coward 27314851

I bought a bunch of gold eagles for around $32 each (gold was around $300 an oz), and sold them for $60 (when gold hit $600 an oz) and thought I was doing well. I wish I still had them. question
Anonymous Coward
User ID: 15488325
United States
01/28/2013 01:26 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Ugh. Unfortunately I am broke and I've been having to sell my silver. I've already sold 300 ounces of it to make ends meet. Probably the big move up won't come until i'm all sold out. Fortunately I at least bought all of it under $20, much of it for under $10
 Quoting: Anonymous Coward 27314851

I bought a bunch of gold eagles for around $32 each (gold was around $300 an oz), and sold them for $60 (when gold hit $600 an oz) and thought I was doing well. I wish I still had them. question
 Quoting: Anonymous Coward 15488325


1/10 oz eagles*
Anonymous Coward
User ID: 33034699
United States
01/28/2013 01:38 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
again I warn all to wait until after options expiry on the February contracts at the Comex tomorrow and the FOMC meeting midweek. It is my prediction that they will hammer the precious metals with everything they have this week to shake out the loose hands.

Mark this post as the unrelenting crushing should start tomorrow morning.
Anonymous Coward
User ID: 29192099
Canada
01/28/2013 01:42 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
again I warn all to wait until after options expiry on the February contracts at the Comex tomorrow and the FOMC meeting midweek. It is my prediction that they will hammer the precious metals with everything they have this week to shake out the loose hands.

Mark this post as the unrelenting crushing should start tomorrow morning.
 Quoting: Anonymous Coward 33034699


Those dudes shake out the loose hands every 30 days. After six years of owning my hands have been hammered to the point of spazzing.
Anonymous Coward
User ID: 15488325
United States
01/28/2013 01:42 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
again I warn all to wait until after options expiry on the February contracts at the Comex tomorrow and the FOMC meeting midweek. It is my prediction that they will hammer the precious metals with everything they have this week to shake out the loose hands.

Mark this post as the unrelenting crushing should start tomorrow morning.
 Quoting: Anonymous Coward 33034699


I will buy tomorrow if this happens.
sealsealsealsealsealsealsealsealsealsealseal
Anonymous Coward
User ID: 29184782
United States
01/28/2013 02:18 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
We hide our's in plain site. I dust it off regularly.
Anonymous Coward
User ID: 33264413
Italy
01/29/2013 09:23 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
This is an important thread:

Thread: Silver Madness

There are always hyperbolic silvertard threads on GLP. It is a regular feature, and normally whatever the story claiming that silver is about to explode, it is total crap.

But this is different. The behavior in the silver market that has developed over the last couple of months is different from the past, and the moves by foreign central banks have been pretty unprecedented in most of our lifetimes.

If there truly is a physical silver problem, which there really seems to be at the moment, TPTB have a couple of choices to maintain their program of price suppression.

One is to let prices run higher and stay on the bid, so they can collect physical from early sellers. Despite the obvious objection that this undermines their core goal of price suppression, it also does nothing to solve the problem, if, in fact, there are few natural sellers of size physical at slightly higher prices. Which is likely the case. Most holders of physical silver are not looking to collect a few bucks per ounce. They are strong hands, and driving up prices will not help the TPTB.

The other strategy, and the one I am here to warn you about, is a serious risk-off event that would drive prices of all assets down in a panicky manner. This strategy causes all kinds of pain for all kinds of financial player, but by forcing many players to disgorge assets, including silver, at fire sale prices to cover other losses, it allows the TPTB to turn those derivative positions into physical silver.

Moreover, the panic provides cover for outright theft, ala MF Global, although in this case, you would expect there to be some kind of "error" at a warehouse, where inventory disappears, "owners" realize they've been screwed, some mid-level hack takes the blame, and any compensation is years down the road in devalued dollars. Meanwhile, the thief (aka TBTF bank with high-power legal) gets his hands on physical.

In short, my warning now is to
a) decrease leverage
b) do not sell your silver, no matter how frightening any upcoming down move is. TBTP could easily flush silver prices down to the $16-$18 level. It would scare some people into vomiting out inventory even as others would find that their local coin shops are all sold out (you could not actually obtain any physical silver at anywhere near the "market" price).
c) when you see the momentum of the down move starting to reverse, if you have cash and can find someone willing to sell physical, buy with both hands.
 Quoting: CrazyEyesThreadKilla


Thats a heck of a drop...Dont see it happening

Getting silver down to the $16 - $18 range would not be a wise play for TPTB, and they know it; the buying from the big players would be so intense that their price suppression scheme would fail in very short order, and I mean fail outright. They know the line they walk with regards to PM price management is a fine one, and they walk it very well (unfortunately).

That being said, your advice is still excellent, OP. Using leverage in the PM space in 2013 is utter insanity. I say this having been a successful trader for quite few years before retiring from that game. The volatility that's coming will absolutely eat you alive if you try to trade it. Buy physical, store it outside the banking system, and hold onto your hat. Something BIG is coming, and it's coming this year.
 Quoting: Anonymous Coward 33173009


And this is why...though i see this BIG event coming closer than half of the year

again I warn all to wait until after options expiry on the February contracts at the Comex tomorrow and the FOMC meeting midweek. It is my prediction that they will hammer the precious metals with everything they have this week to shake out the loose hands.

Mark this post as the unrelenting crushing should start tomorrow morning.
 Quoting: Anonymous Coward 33034699


Interesting, we'll see
BTW all my local gold-silver dealers raised proof eagles by 10%-15% this monday...
CrazyEyesThreadKilla (OP)

User ID: 31856760
United States
01/30/2013 05:24 AM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
This is an important thread:

Thread: Silver Madness

There are always hyperbolic silvertard threads on GLP. It is a regular feature, and normally whatever the story claiming that silver is about to explode, it is total crap.

But this is different. The behavior in the silver market that has developed over the last couple of months is different from the past, and the moves by foreign central banks have been pretty unprecedented in most of our lifetimes.

If there truly is a physical silver problem, which there really seems to be at the moment, TPTB have a couple of choices to maintain their program of price suppression.

One is to let prices run higher and stay on the bid, so they can collect physical from early sellers. Despite the obvious objection that this undermines their core goal of price suppression, it also does nothing to solve the problem, if, in fact, there are few natural sellers of size physical at slightly higher prices. Which is likely the case. Most holders of physical silver are not looking to collect a few bucks per ounce. They are strong hands, and driving up prices will not help the TPTB.

The other strategy, and the one I am here to warn you about, is a serious risk-off event that would drive prices of all assets down in a panicky manner. This strategy causes all kinds of pain for all kinds of financial player, but by forcing many players to disgorge assets, including silver, at fire sale prices to cover other losses, it allows the TPTB to turn those derivative positions into physical silver.

Moreover, the panic provides cover for outright theft, ala MF Global, although in this case, you would expect there to be some kind of "error" at a warehouse, where inventory disappears, "owners" realize they've been screwed, some mid-level hack takes the blame, and any compensation is years down the road in devalued dollars. Meanwhile, the thief (aka TBTF bank with high-power legal) gets his hands on physical.

In short, my warning now is to
a) decrease leverage
b) do not sell your silver, no matter how frightening any upcoming down move is. TBTP could easily flush silver prices down to the $16-$18 level. It would scare some people into vomiting out inventory even as others would find that their local coin shops are all sold out (you could not actually obtain any physical silver at anywhere near the "market" price).
c) when you see the momentum of the down move starting to reverse, if you have cash and can find someone willing to sell physical, buy with both hands.
 Quoting: CrazyEyesThreadKilla


Thats a heck of a drop...Dont see it happening

Getting silver down to the $16 - $18 range would not be a wise play for TPTB, and they know it; the buying from the big players would be so intense that their price suppression scheme would fail in very short order, and I mean fail outright. They know the line they walk with regards to PM price management is a fine one, and they walk it very well (unfortunately).

That being said, your advice is still excellent, OP. Using leverage in the PM space in 2013 is utter insanity. I say this having been a successful trader for quite few years before retiring from that game. The volatility that's coming will absolutely eat you alive if you try to trade it. Buy physical, store it outside the banking system, and hold onto your hat. Something BIG is coming, and it's coming this year.
 Quoting: Anonymous Coward 33173009


And this is why...though i see this BIG event coming closer than half of the year

again I warn all to wait until after options expiry on the February contracts at the Comex tomorrow and the FOMC meeting midweek. It is my prediction that they will hammer the precious metals with everything they have this week to shake out the loose hands.

Mark this post as the unrelenting crushing should start tomorrow morning.
 Quoting: Anonymous Coward 33034699


Interesting, we'll see
BTW all my local gold-silver dealers raised proof eagles by 10%-15% this monday...
 Quoting: Anonymous Coward 33264413


Let me reiterate that a key feature of my predicted move is a complete disconnect between paper and physical prices. Paper silver will get crushed, but when you turn to your dealer to take advantage of the lower prices, the dealer will be "sold out".

BTW, Tulving still sold out of junk. Unbelievable.
Garman906

User ID: 33317778
United States
01/30/2013 05:46 AM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


That depends on how far south things will go. If you're hoping for a best case scenario that only the dollar will be replaced, you can invest your silver into the new currency or whatever else.

If it becomes a full fledged 1984 with telescreens in every room and you have an RFID chip, then yes it won't matter.
 Quoting: black calx


I can tell you either way, you WILL NOT benefit. Your silver or PM's will not be allowed into a new currency. I run strategic sims, and CoG events, and I can tell you with 100% certainty that PM's will NOT benefit you at ALL... take it for what it is worth...
 Quoting: Anonymous Coward 33176477


I really don't give a shit. I'll never sell at any price.

I enjoy the fact that owning it pisses them off.
The earth belongs to the animals. We were put here to look after them.
Anonymous Coward
User ID: 27962372
Norway
01/30/2013 06:36 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
This is an important thread:

Thread: Silver Madness

There are always hyperbolic silvertard threads on GLP. It is a regular feature, and normally whatever the story claiming that silver is about to explode, it is total crap.

But this is different. The behavior in the silver market that has developed over the last couple of months is different from the past, and the moves by foreign central banks have been pretty unprecedented in most of our lifetimes.

If there truly is a physical silver problem, which there really seems to be at the moment, TPTB have a couple of choices to maintain their program of price suppression.

One is to let prices run higher and stay on the bid, so they can collect physical from early sellers. Despite the obvious objection that this undermines their core goal of price suppression, it also does nothing to solve the problem, if, in fact, there are few natural sellers of size physical at slightly higher prices. Which is likely the case. Most holders of physical silver are not looking to collect a few bucks per ounce. They are strong hands, and driving up prices will not help the TPTB.

The other strategy, and the one I am here to warn you about, is a serious risk-off event that would drive prices of all assets down in a panicky manner. This strategy causes all kinds of pain for all kinds of financial player, but by forcing many players to disgorge assets, including silver, at fire sale prices to cover other losses, it allows the TPTB to turn those derivative positions into physical silver.

Moreover, the panic provides cover for outright theft, ala MF Global, although in this case, you would expect there to be some kind of "error" at a warehouse, where inventory disappears, "owners" realize they've been screwed, some mid-level hack takes the blame, and any compensation is years down the road in devalued dollars. Meanwhile, the thief (aka TBTF bank with high-power legal) gets his hands on physical.

In short, my warning now is to
a) decrease leverage
b) do not sell your silver, no matter how frightening any upcoming down move is. TBTP could easily flush silver prices down to the $16-$18 level. It would scare some people into vomiting out inventory even as others would find that their local coin shops are all sold out (you could not actually obtain any physical silver at anywhere near the "market" price).
c) when you see the momentum of the down move starting to reverse, if you have cash and can find someone willing to sell physical, buy with both hands.
 Quoting: CrazyEyesThreadKilla


i wont sell mine until i can retire off what i have

its for looooong term.. maybe 10-15 years into the future.

its basically all you can trust

i think we here with a descent stack are one of 1-2% that actually have savings in this, and it will be the only way to have savings.

I think its been calculated by 2020, about 10% of the population will have figured this out. And this will continue until 100% have figured it out. The rest will slave until they are dead.

Thats where i see it going.
Anonymous Coward
User ID: 27962372
Norway
01/30/2013 06:48 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


That depends on how far south things will go. If you're hoping for a best case scenario that only the dollar will be replaced, you can invest your silver into the new currency or whatever else.

If it becomes a full fledged 1984 with telescreens in every room and you have an RFID chip, then yes it won't matter.
 Quoting: black calx


I can tell you either way, you WILL NOT benefit. Your silver or PM's will not be allowed into a new currency. I run strategic sims, and CoG events, and I can tell you with 100% certainty that PM's will NOT benefit you at ALL... take it for what it is worth...
 Quoting: Anonymous Coward 33176477


I really don't give a shit. I'll never sell at any price.

I enjoy the fact that owning it pisses them off.
 Quoting: Garman906


i'll sell mine when i have calculated its enough to retire on. None of us will likely get too old, there will be no health care system etc you can trust. So lets say you calculate you'll live to be around max 75 years.

Then you just have to wait and see how many years the silver gives you, when 1 silver 1 oz coin can sustain me for about a week with living costs, food etc, thats when i can relax.
Bugsy Malone

User ID: 17367845
Australia
01/30/2013 07:07 AM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


You are indeed correct. 'They' always sell precious metals in a smash-up to help pay up for their losses in other markets.
Anonymous Coward
User ID: 27962372
Norway
01/30/2013 07:12 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
again I warn all to wait until after options expiry on the February contracts at the Comex tomorrow and the FOMC meeting midweek. It is my prediction that they will hammer the precious metals with everything they have this week to shake out the loose hands.

Mark this post as the unrelenting crushing should start tomorrow morning.
 Quoting: Anonymous Coward 33034699


a UN report ive seen showed me my country will have living standards like philippines by 2050, and i imagine philippines will have pretty horrible living standards by then.

So they will kill off our economy gradually until we're there. It will go downhill for the rest of my life.

They will probably allow (and encourage) drinking and drug use to shorten lifespan, which isnt a bad thing if you ask me, its atleast a humane way of shortening lifespan. And maybe freedom to travel in nature etc aswell if you are debt free and can aford it, like if you have enough silver for it. I think those screwed are the ones that are in the claws of the banksters.

Wealth will go from paper economy to precious metals. From this economy based on papers with empty promises to assets. So maybe we with a good portion of savings in precious metals wont need to suffer that much.

Lets also hope space travel gets a boost ahead so we can escape from this planet, when they start shipping humans out everywhere in the galaxy, a mass exodus of humans from earth could be the end of their depopulation plans. Space elevator and similar things could make this possible.

The new world order is said to be final in 2050. By then im 73 and most likely dead.
Anonymous Coward
User ID: 27962372
Norway
01/30/2013 07:37 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I keep telling you dumb fucks that when the shit goes south PM's won't mean shit!!!!!!!!!!!!!!!
 Quoting: Anonymous Coward 33176477


You are indeed correct. 'They' always sell precious metals in a smash-up to help pay up for their losses in other markets.
 Quoting: Bugsy Malone


wrong

there will allways be trade, and for trade you need a medium of exchange you can trust and put aside for later.

if you cant trust papers (stocks, currencies, numbers on a computer), it will have to be something physical, and the medium of exchange would have to be something rare, to give it value.

theres not much else than gold, silver, platinum, palladium, bronze, nicel etc that works for that.

if they want to reduce consumption, i doubt they will care much about industrial properties of silver. its excellent for money, and the metal will circulate and be pulled in as needed if industrial demand is therer

silver is undervalued compared to gold, so i go for that. Its bulky compared to gold but im not a wealthy man.
Anonymous Coward
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United States
01/31/2013 01:26 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
seal
CrazyEyesThreadKilla (OP)

User ID: 31856760
United States
02/01/2013 09:20 PM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Just wanted to add another data point...

I mentioned in the linked thread above that the major dealer I use was sold out of junk silver, which was shocking.

They now again have some inventory, but where the junk was once selling below spot (with free shipping to boot), it is now offered about a dollar over spot.

American Eagles are only 2.39 spot, so the spread between junk and eagles is only a dollar, which is unprecedented in my experience.

The dealer is Tulving, linked here.

[link to www.tulving.com]

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