Silver shortage used up by 2020 USGS | |
Anonymous Coward User ID: 972254 Canada 05/16/2010 12:09 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 972254 Canada 05/16/2010 12:10 PM Report Abusive Post Report Copyright Violation | |
silver slippers (OP) User ID: 970403 United States 05/16/2010 12:15 PM Report Abusive Post Report Copyright Violation | Below is a link to more evidence that the silver shortage is indeed real, and that those in the paper markets are doing all they can to keep a lid on it. Below the article are 3 or 4 other links giving more evidence for a silver shortage--pay particular attention to the emails. I also urge you to do your own research by calling local dealers before you consider buying or selling silver. |
Anonymous Coward (OP) User ID: 970403 United States 05/16/2010 12:16 PM Report Abusive Post Report Copyright Violation | Silver About To Break $20 and Looking Better Than Gold By: Peter J. Cooper -- Posted 15 May, 2010 | | Discuss This Article - Comments: Source: SilverSeek.com Go back to the 1970s and the last precious metals boom. In the late 1970s gold prices rose eight-fold and silver by a factor of 25. Fast forward to today and you have ArabianMoney editor Peter Cooper publishing a book predicting a rise in gold prices to $5,000 as the world goes through something like a re-run of the mid-70s. Then as now a massive credit expansion produced a huge bust in property and then stock prices, and governments reflated to counter the downswing. Inflation not deflation Inflation resulted after the initial price deflation, although stock and real estate prices stayed low, and bond prices fell. Even gold prices took a nasty tumble in 1976 as they did in late 2008 but then came the spectacular 1979-80 blow-off in precious metal prices with gold at $850 and silver at $50 an ounce. Is that final spike about where we are today, only to far higher price levels? Note that silver is the only commodity in the world not to have passed its previous all-time high, and that was set three decades ago now. So will history repeat itself again? If we look at what has happened to house prices and stocks (about due for another dip if 70s volatility is any guide) then things do look very similar. Governments have also been taking desperate measures to counter the financial crash, and signs of inflation are already emerging in places as far flung as China and the UK. The next shoe to drop will surely be the bond market as it was in the 70s. Interest rates rocketed in the late 1970s and that is bad for bond prices. Today governments around the world need to borrow a lot of money to finance their deficits and the markets are going to exact a higher price for that money. As real estate, stocks and bonds cease to be attractive investments then that leaves the precious metals as a store of value. The silver market is much smaller than the gold market and in the 1970s became cornered by the Hunt Brothers, forcing the price through the roof until the market rules were changed and the price slumped. It could be different this time but actually the huge short positions in the silver market are already there and a very similar kind of spike to the upside is built into the market as it begins to achieve traction. That could happen very soon with silver up $2 in the past week or so. [link to news.silverseek.com] |
Anonymous Coward (OP) User ID: 970403 United States 05/16/2010 12:52 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 970403 United States 05/16/2010 01:51 PM Report Abusive Post Report Copyright Violation | On December 11th, 2009 NIA declared silver the best investment for the next decade. In our December 11th article, we said that it wasn't a coincidence that the very day Bear Stearns failed was the same day silver reached its multi-decade high of over $21 per ounce. We went on to say, "The reason why we believe the Federal Reserve was so eager to orchestrate a bailout of Bear Stearns, is because Bear Stearns was on the verge of being forced to cover their silver short position." JP Morgan took over the concentrated short position in silver from Bear Stearns and gained complete control over the paper price of silver. Within weeks, JP Morgan was able to manipulate the price of silver down to below $9 per ounce. NIA believes they were able to drive the price of silver down through "naked short selling", selling paper silver that is unbacked by physical silver. On February 5th, we witnessed another sharp decline in silver prices, which NIA described on February 7th as being "just a temporary wash out, before a huge surge in silver prices later in 2010". Since then, silver prices have rebounded by 18%. The temporary wash out that occurred on February 5th was predicted by independent metals trader Andrew Maguire, who came out this week exposing the fraud that is taking place in the paper silver market. On February 3rd, Andrew Maguire wrote Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, giving him the "heads up" for a "manipulative event" signaled for February 5th. He warned the CFTC that JP Morgan was about to manipulate down the price of silver after the release of non-farm payroll data on February 5th. Andrew said that the takedown would happen regardless of if employment was better or worse than expected and the price of silver would be flushed to below $15 per ounce. During the next couple of days, silver was crushed from $16.17 per ounce down to a low of $14.62 per ounce. Despite all of the evidence given by Andrew Maguire to the CFTC of gold and silver manipulation, Andrew wasn't allowed to speak at last week's CFTC hearing on limiting gold and silver positions held by banks like JP Morgan. Bill Murphy of the Gold Anti-Trust Action Committee (GATA) was allowed to speak (within a five-minute time constraint) and present some of Andrew Maguire's evidence, but right when his presentation began there was a technical failure of the live television broadcast, which was mysteriously fixed as soon as he was done speaking. Bill Murphy was scheduled for several mainstream media television interviews after the CFTC hearings, but they were all abruptly cancelled at once. [link to gt4goaway] |
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You'll Love It User ID: 76820051 Poland 12/31/2019 02:03 PM Report Abusive Post Report Copyright Violation | JP Morgan and Jamie Dimon (a non-Jewish Turk) will ensure that silver will be at around 14 to 15 bucks per Toz, long after I die. Why? Because JP Morgan works for the Fed, and the US Gov. (((They))) have exempted themselves from criminality, by Law. Why do almost all Congress-Critters enter the House, with massive debts, and end-up, after 4 years, or so, as multi-millionaires? The DOLLAH must be supported, at all costs. |
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Anonymous Coward User ID: 71632887 United States 12/31/2019 02:09 PM Report Abusive Post Report Copyright Violation | 1. Gold is used in everything from cellphones, computers, dentistry, medical applications, jewelry and more. It's more desirable for goods because it doesn't corrode or tarnish (silver). 2. The historical ratio is actually 8:1. 3. I believe we have reached peak gold. I don't think peak silver has arrived yet. 4. I do agree that silver should be a better investment than gold. 5. But a far better investment than either gold or silver are shares in the miners. If either goes up 4-5x, the gold miners would go up 150x. ...i'd rather own equities than stuffing my entire attic with silver. Hiding that amount of silver would be difficult in a SHTF situation. |