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

 
Anonymous Coward
User ID: 35572450
United States
03/04/2013 09:12 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!!!!!!!!!!!!!!!
 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

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
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Do people just want junk silver, since it is in small denominations?

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.
 Quoting: Anonymous Coward 18681750

^^^^^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
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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

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
 Quoting: Anonymous Coward 35572450


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
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Seems to me, pilgrim, it's about time to saddle-up!

seal

scream
Anonymous Coward
User ID: 12698388
United States
03/15/2013 04:19 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
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.
Anonymous Coward
User ID: 29850561
United States
03/15/2013 04:20 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Seems to me, pilgrim, it's about time to saddle-up!

seal

scream
 Quoting: Anonymous Coward 21142674


Saddle-up for what? A rock collecting sale?

LOL!!!!
Anonymous Coward
User ID: 29850561
United States
03/15/2013 04:25 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
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

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
@ $1.59 new high basis

Walking Liberty @ $1.99. Also widely more expensive than historicals.
 Quoting: CrazyEyesThreadKilla


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

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
@ $1.59 new high basis

Walking Liberty @ $1.99. Also widely more expensive than historicals.
 Quoting: CrazyEyesThreadKilla


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.
 Quoting: CrazyEyesThreadKilla


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

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
@ $1.59 new high basis

Walking Liberty @ $1.99. Also widely more expensive than historicals.
 Quoting: CrazyEyesThreadKilla


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.
 Quoting: CrazyEyesThreadKilla


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.
 Quoting: CrazyEyesThreadKilla


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

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Great time to buy silver!

Cheap very cheap
Pray for Us Sinners Now and at the Hour of our Death
Anonymous Coward
User ID: 19980561
United States
04/22/2013 10:54 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Great time to buy silver!

Cheap very cheap
 Quoting: Philligan


yup. Buy & just hold onto it. DO NOT SELL IT. Gold/Silver will always have value to it. Dollar wont.
yeswecan

User ID: 19815370
United States
04/22/2013 11:01 PM
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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.
 Quoting: CrazyEyesThreadKilla


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
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I've never seen such a spread on silver bullion

Paper Spot $23
1 Troy Oz Bullion $30-$40
Anonymous Coward
User ID: 4637200
United States
04/22/2013 11:07 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
@ $1.59 new high basis

Walking Liberty @ $1.99. Also widely more expensive than historicals.
 Quoting: CrazyEyesThreadKilla


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.
 Quoting: CrazyEyesThreadKilla


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.
 Quoting: CrazyEyesThreadKilla


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.
 Quoting: CrazyEyesThreadKilla


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
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
I've never seen such a spread on silver bullion

Paper Spot $23
1 Troy Oz Bullion $30-$40
 Quoting: Anonymous Coward 37340249


where?

in austin it's only + 2.50
resist we much!
yeswecan

User ID: 19815370
United States
04/22/2013 11:15 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
@ $1.59 new high basis

Walking Liberty @ $1.99. Also widely more expensive than historicals.
 Quoting: CrazyEyesThreadKilla


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.
 Quoting: CrazyEyesThreadKilla


LOL, they even stopped calling it junk
resist we much!
Anonymous Coward
User ID: 18835401
United States
04/23/2013 03:50 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Any smarties seeing a further dip in silver? I'm itching to pull the trigger, but would like to see $20 an oz first. Any chance in the near term?
Anonymous Coward
User ID: 38672863
United Kingdom
04/23/2013 04:05 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
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
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Pre-1964 coins are of course, silver.
In 1964, gas was $0.25 / gallon.
It still is......

Anonymous Coward
User ID: 793721
Australia
04/24/2013 02:44 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


Did you simulate the good guys winning? ie. total dismantling of all fiat exchanges, and the return to PM?

You are a shill.
Anonymous Coward
User ID: 38788954
United States
04/24/2013 04:12 PM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Pre-1964 coins are of course, silver.
In 1964, gas was $0.25 / gallon.
It still is......


 Quoting: Anonymous Coward 38672863


A slick way to get $4 a gallon!
lionhound

User ID: 625009
United States
04/25/2013 10:33 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Check out silver! $1.05 up!
CrazyEyesThreadKilla  (OP)

User ID: 37630778
United States
06/20/2013 07:05 AM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
bump
Anonymous Coward
User ID: 1409758
United States
06/20/2013 07:52 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
We're rapidly closing in on your prediction.

Good call OP!

Any advice for us stackers?
Anonymous Coward
User ID: 300884
Sweden
06/20/2013 07:57 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
My first purchase was below 5 dollars per oz. My last purchase was 500 oz at 36 dollars. I obviously should have waited with that batch and bought now instead, but it's always easy to be wise after the fact...

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.
CrazyEyesThreadKilla  (OP)

User ID: 37630778
United States
06/25/2013 11:28 PM

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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
$18 handle. Getting close.

Hold.

Hold!

Hold!!!!

Anonymous Coward
User ID: 33186221
Norway
06/26/2013 01:06 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
What a moronic fucktard Gerald Celente is. What a blatant idiot. I guess he will have no choice soon than to sell his gold and buy stock.
Anonymous Coward
User ID: 18835401
United States
06/26/2013 01:11 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Dude seriously, wtf. How low is f'ing silver going to go. We're at the total averaged cost of production, no?
Anonymous Coward
User ID: 35610820
United States
06/26/2013 01:36 AM
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Re: Risk off event potentially coming. DO NOT SELL YOUR SILVER.
Seems to me, pilgrim, it's about time to saddle-up!

seal

scream
 Quoting: Anonymous Coward 21142674


Saddle-up for what? A rock collecting sale?

LOL!!!!
 Quoting: Anonymous Coward 29850561


Just saddling up for the ride down to 10 dollars or less....





GLP