Risk off event potentially coming. DO NOT SELL YOUR SILVER. | |
Anonymous Coward User ID: 1707704 United States 01/27/2013 11:37 PM Report Abusive Post Report Copyright Violation | |
CrazyEyesThreadKilla (OP) User ID: 31856760 United States 01/27/2013 11:40 PM Report Abusive Post Report Copyright Violation | 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 User ID: 33172185 United States 01/27/2013 11:41 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 33176477 United States 01/27/2013 11:54 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1707704 United States 01/28/2013 12:02 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. |
Anonymous Coward User ID: 33176477 United States 01/28/2013 12:03 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... |
frippy User ID: 22862527 United States 01/28/2013 12:18 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... cultivating frippy |
Anonymous Coward User ID: 15488325 United States 01/28/2013 12:20 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... Please tell us more about strategic sims, and CoG events. Thanks. |
Anonymous Coward User ID: 1707704 United States 01/28/2013 12:21 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... :cruiselol12: |
wishiwas User ID: 31925288 United States 01/28/2013 12:30 AM Report Abusive Post Report Copyright Violation | 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. Justitiae soro Fides |
UnmannedAerialPilot User ID: 32864055 United States 01/28/2013 12:32 AM Report Abusive Post Report Copyright Violation | One more recommendation (which you should know by now): Quoting: CrazyEyesThreadKilla 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". You my Caucasian! 5* |
Anonymous Coward User ID: 33173009 Argentina 01/28/2013 01:00 AM Report Abusive Post Report Copyright Violation | 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 User ID: 27314851 Canada 01/28/2013 01:10 AM Report Abusive Post Report Copyright Violation | 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 User ID: 29192099 Canada 01/28/2013 01:19 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 15488325 United States 01/28/2013 01:26 AM Report Abusive Post Report Copyright Violation | 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. |
Anonymous Coward User ID: 15488325 United States 01/28/2013 01:26 AM Report Abusive Post Report Copyright Violation | 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. 1/10 oz eagles* |
Anonymous Coward User ID: 33034699 United States 01/28/2013 01:38 AM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | 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. 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 Report Abusive Post Report Copyright Violation | 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. I will buy tomorrow if this happens. |
Anonymous Coward User ID: 29184782 United States 01/28/2013 02:18 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 33264413 Italy 01/29/2013 09:23 AM 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... |
CrazyEyesThreadKilla (OP) User ID: 31856760 United States 01/30/2013 05:24 AM 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. |
Garman906 User ID: 33317778 United States 01/30/2013 05:46 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... I really don't give a shit. I'll never sell at any price. I enjoy the fact that owning it pisses them off. |
Anonymous Coward User ID: 27962372 Norway 01/30/2013 06:36 AM 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. 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 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... I really don't give a shit. I'll never sell at any price. I enjoy the fact that owning it pisses them off. 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 Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 27962372 Norway 01/30/2013 07:12 AM Report Abusive Post Report Copyright Violation | 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. 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 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 You are indeed correct. 'They' always sell precious metals in a smash-up to help pay up for their losses in other markets. 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 User ID: 15488325 United States 01/31/2013 01:26 AM Report Abusive Post Report Copyright Violation | |
CrazyEyesThreadKilla (OP) User ID: 31856760 United States 02/01/2013 09:20 PM Report Abusive Post Report Copyright Violation | 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] |