Risk off event potentially coming. DO NOT SELL YOUR SILVER. | |
Anonymous Coward User ID: 35572450 United States 03/04/2013 09:12 PM Report Abusive Post Report Copyright Violation | 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. 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... Sounds like you need to educate yourself on the US Constitution and the Coinage Act. According to your Constitution (which you obviously haven't read) only gold and silver shall be used as money. Gold and silver have always been money, for thousands of years Fed Res Notes have been money for 100 years One is honest money, one is not History proves Gold and silver will prevail once again |
never96 User ID: 32516124 United States 03/04/2013 09:29 PM Report Abusive Post Report Copyright Violation | Do people just want junk silver, since it is in small denominations? Quoting: Anonymous Coward 18681750 That's what I would guess. People are stocking for a coming collapse, so it makes sense they are stocking a bag full of silver dimes and quarters too. They don't want to over-pay for that can of soup. ^^^^^THIS I was just about to write this but you beat me to it. I follow a lot of prepper blogs and websites and they are buying it for small bartering transactions and for more practical everyday use. It's the same people buying up ammo and food for when the SHTF. |
Anonymous Coward User ID: 29850561 United States 03/15/2013 04:08 PM Report Abusive Post Report Copyright Violation | 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. 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... Sounds like you need to educate yourself on the US Constitution and the Coinage Act. According to your Constitution (which you obviously haven't read) only gold and silver shall be used as money. Gold and silver have always been money, for thousands of years Fed Res Notes have been money for 100 years One is honest money, one is not History proves Gold and silver will prevail once again Despite all the Hypertruths you think you've taught yourself you're the one in need of a proper education. First off what the constitution says about money has little meaning today, as almost no one uses money. Second the constitution doesn't limit money to being only gold or silver. Thirdly Good luck trying to pay your credit card, mortage, car loan, fill in the blank with a piece of shiney metal. And finally history doens't prove gold and silver will 'Prevail'. Infact if you actually understand history rather than misapply it, it will show you when the real shtf pm's won't get you jack swat. Federal Reserve Notes are not and never have been money. You appear to be terribly confused on how the monitary system works. |
Anonymous Coward User ID: 21142674 United Kingdom 03/15/2013 04:12 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 29850561 United States 03/15/2013 04:25 PM Report Abusive Post Report Copyright Violation | Premiums on new 2013 SAE are too high right now. I think silver will not go down. The demand is just too great on these coins right now. Quoting: Anonymous Coward 12698388 Premiums will drop when the tards realize that this is not just a couple day/week sale on rocks (will last much longer). Of course this may not happen as hypertards often have a adverse reactions to lodgical thinking. |
CrazyEyesThreadKilla (OP) User ID: 1489212 United States 04/12/2013 04:59 PM Report Abusive Post Report Copyright Violation | @ $1.59 new high basis Quoting: CrazyEyesThreadKilla Walking Liberty @ $1.99. Also widely more expensive than historicals. I still like a price target well below 20. But I find the premium for junk to still be the most fascinating phenomenon. Tulving is buying 1.50 over spot minimum and is still sold out. |
CrazyEyesThreadKilla (OP) User ID: 37630778 United States 04/15/2013 08:32 PM Report Abusive Post Report Copyright Violation | @ $1.59 new high basis Quoting: CrazyEyesThreadKilla Walking Liberty @ $1.99. Also widely more expensive than historicals. I still like a price target well below 20. But I find the premium for junk to still be the most fascinating phenomenon. Tulving is buying 1.50 over spot minimum and is still sold out. Paper continues to get crushed. I am guessing we see an $18 handle eventually. But junk silver basis still offerless. Now $2.10 bid for Walking Liberty halfs with no sale price, although I saw an offer this morning @ $3.79 over, but it is gone. Bought or pulled, I don't know. [link to www.tulving.com] BTW, long-term, this is still a bull market. No idea where the final upside target is, but it is years off and probably will see moves of $25-50/day. |
CrazyEyesThreadKilla (OP) User ID: 37630778 United States 04/22/2013 10:44 PM Report Abusive Post Report Copyright Violation | @ $1.59 new high basis Quoting: CrazyEyesThreadKilla Walking Liberty @ $1.99. Also widely more expensive than historicals. I still like a price target well below 20. But I find the premium for junk to still be the most fascinating phenomenon. Tulving is buying 1.50 over spot minimum and is still sold out. Paper continues to get crushed. I am guessing we see an $18 handle eventually. But junk silver basis still offerless. Now $2.10 bid for Walking Liberty halfs with no sale price, although I saw an offer this morning @ $3.79 over, but it is gone. Bought or pulled, I don't know. [link to www.tulving.com] BTW, long-term, this is still a bull market. No idea where the final upside target is, but it is years off and probably will see moves of $25-50/day. This is getting silly. Bid @ $2.40 over spot Offered @ $6.49 over spot. That's more than 25% over the futures price. For junk silver. |
Philligan in rainbows User ID: 2530194 United States 04/22/2013 10:49 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 19980561 United States 04/22/2013 10:54 PM Report Abusive Post Report Copyright Violation | |
yeswecan User ID: 19815370 United States 04/22/2013 11:01 PM Report Abusive Post Report Copyright Violation | This is an important thread: Quoting: CrazyEyesThreadKilla 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. 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). Quoting: Anonymous Coward 33173009 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. 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. Quoting: Anonymous Coward 33034699 Mark this post as the unrelenting crushing should start tomorrow morning. Interesting, we'll see BTW all my local gold-silver dealers raised proof eagles by 10%-15% this monday... 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. When paper decouples from physical, watch out, that is the begining of the end for the dollar, all fiat actually. resist we much! |
Anonymous Coward User ID: 37340249 United States 04/22/2013 11:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 4637200 United States 04/22/2013 11:07 PM Report Abusive Post Report Copyright Violation | @ $1.59 new high basis Quoting: CrazyEyesThreadKilla Walking Liberty @ $1.99. Also widely more expensive than historicals. I still like a price target well below 20. But I find the premium for junk to still be the most fascinating phenomenon. Tulving is buying 1.50 over spot minimum and is still sold out. Paper continues to get crushed. I am guessing we see an $18 handle eventually. But junk silver basis still offerless. Now $2.10 bid for Walking Liberty halfs with no sale price, although I saw an offer this morning @ $3.79 over, but it is gone. Bought or pulled, I don't know. [link to www.tulving.com] BTW, long-term, this is still a bull market. No idea where the final upside target is, but it is years off and probably will see moves of $25-50/day. This is getting silly. Bid @ $2.40 over spot Offered @ $6.49 over spot. That's more than 25% over the futures price. For junk silver. Kitco is $5 over spot on Eagles. Never seen it before this week. |
yeswecan User ID: 19815370 United States 04/22/2013 11:13 PM Report Abusive Post Report Copyright Violation | |
yeswecan User ID: 19815370 United States 04/22/2013 11:15 PM Report Abusive Post Report Copyright Violation | @ $1.59 new high basis Quoting: CrazyEyesThreadKilla Walking Liberty @ $1.99. Also widely more expensive than historicals. I still like a price target well below 20. But I find the premium for junk to still be the most fascinating phenomenon. Tulving is buying 1.50 over spot minimum and is still sold out. LOL, they even stopped calling it junk resist we much! |
Anonymous Coward User ID: 18835401 United States 04/23/2013 03:50 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 38672863 United Kingdom 04/23/2013 04:05 AM Report Abusive Post Report Copyright Violation | SHOW ME THE METAL [link to kingworldnews.com] Jim Sinclair stunned King World News when he revealed that a dear friend of his who is very affluent just had a Swiss bank refuse to return his large hoard of gold when he asked for it out of an allocated account |
Anonymous Coward User ID: 38672863 United Kingdom 04/23/2013 04:09 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 793721 Australia 04/24/2013 02:44 AM Report Abusive Post Report Copyright Violation | 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. 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... Did you simulate the good guys winning? ie. total dismantling of all fiat exchanges, and the return to PM? You are a shill. |
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CrazyEyesThreadKilla (OP) User ID: 37630778 United States 06/20/2013 07:05 AM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 300884 Sweden 06/20/2013 07:57 AM Report Abusive Post Report Copyright Violation | They can manipulate the price down 90 % from where it stands today, and I'm still not selling! I bought it as an insurance policy for the total economical collapse I expect to happen, and I see no reason whatsoever to reconsider that position. |
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