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Daily MEMES YouTube Hates | YouTube is Fighting ME all the Way | Making ME Remove Memes | Part 188

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Resistance
See other Resistance Articles

Title: 500 Dollar Silver
Source: [None]
URL Source: http://maxkeiser.com/2010/11/18/the ... -your-dirty-work-for-you-beta/
Published: Nov 18, 2010
Author: Max Keiser
Post Date: 2010-11-18 13:58:08 by Horse
Keywords: None
Views: 231
Comments: 18

The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500

1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position (estimated to represent 1.5 trillion in risk to its balance sheet at $500 Silver).

2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.

3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.

4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.

5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.

6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.

7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.

8 – Crash JP Morgan Buy Silver


Poster Comment:

Max Keiser and Alex Jones are asking us to enter "500 Dollar Silver" into your favorite search engines to make this story go viral over the Internet. This is a deliberate plan to crash JP Morgan, the dollar and America's foreign wars.

Post Comment   Private Reply   Ignore Thread  


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#1. To: Horse (#0)

Right now AG is up to $26.815/oz.

Lod  posted on  2010-11-18   14:05:51 ET  Reply   Trace   Private Reply  


#2. To: Lod (#1)

Silver is now $26.90. Silver is up one dollar and gold is up ten dollars.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2010-11-18   14:10:31 ET  Reply   Trace   Private Reply  


#3. To: Horse (#2)

The boards are mostly green except the USD which is blood-red.

Lod  posted on  2010-11-18   14:13:46 ET  Reply   Trace   Private Reply  


#4. To: Lod (#3)

The boards are mostly green except the USD which is blood-red.

Stocks at 11K when figuring in inflation are actually at 4000 !

"Let us hear the conclusion of the whole matter: Revere God, and keep his commandments: for this is the whole duty of man".

noone222  posted on  2010-11-18   14:16:10 ET  Reply   Trace   Private Reply  


#5. To: noone222, Horse, 4 (#4)

Yep.

Exactly why money is going everywhere except the USD.

Lod  posted on  2010-11-18   14:42:08 ET  Reply   Trace   Private Reply  


#6. To: Horse (#0)

Today I bought $100 face value (71 oz) in 90% silver coins just to do my part. I don't really need more. The last time I purchased siliver I purchased a bunch of 1 oz silver rounds at $14 an oz. My safety deposit box is getting heavy.

DWornock  posted on  2010-11-18   16:02:36 ET  Reply   Trace   Private Reply  


#7. To: DWornock (#6)

How much over spot does your dealer charge?

Thanks.

I may need more junk.

Lod  posted on  2010-11-18   16:13:23 ET  Reply   Trace   Private Reply  


#8. To: DWornock (#6)

My safety deposit box is getting heavy

Get it out of the bank bro.

When FDR outlawed gold, the FEDS confiscated the contents of safety deposit boxes.

Lysander_Spooner  posted on  2010-11-18   20:16:15 ET  Reply   Trace   Private Reply  


#9. To: Lod (#7)

How much over spot does your dealer charge?

I don't know, it varies based on number of factors and the quantity purchased. I do know that two years ago, when I first started buying Gold and Silver, I was shopping prices and even getting bids from all over. I didn't find any place less expensive than APMEX although one other place was the same price.

Currently the amount over spot is less for bags of 90% silver coins and maybe 40% silver coins. I didn't check the price for 40% silver. I was planning to buy 1 oz silver rounds but they were a bit high in the quantities I was going to buy.

I suppose the cheapest way to buy silver is to purchase a contract on the futures market and take deliver. Basically at the spot price. However, 1,000 oz bars weigh almost 70 lbs and, they are hard to sell because people are afraid unless you pay to have them assayed. Also, if you take delivery, you cannot resell on the futures market without paying to have them assayed. However, if you don't take them out of the warehouse, you can resell them on the futures market but you have to pay storage costs and I don't know what storage cost would be.

DWornock  posted on  2010-11-18   20:57:04 ET  Reply   Trace   Private Reply  


#10. To: Lysander_Spooner (#8)

Get it out of the bank bro.

When FDR outlawed gold, the FEDS confiscated the contents of safety deposit boxes

How do they get access? The bank told me they don't keep a key and if I lost my keys I would have to pay to have it drilled.

DWornock  posted on  2010-11-18   21:00:05 ET  Reply   Trace   Private Reply  


#11. To: DWornock (#10)

Thanks for the information, and you are correct, take delivery, and store it all at home.

Lod  posted on  2010-11-18   21:13:41 ET  Reply   Trace   Private Reply  


#12. To: DWornock (#10) (Edited)

How do they get access? The bank told me they don't keep a key and if I lost my keys I would have to pay to have it drilled.

My mom's "old lady buddy" had a necklace made of Mexican gold coins in her safety deposit box. When she came into the bank she found the box drilled, the necklace gone and freshly counterfeited frauds(Ø) in its place.

If your precious metals are needed to make bankers sleep at night, you know, that deep, restful, REM sleep they need to feel fully charged and energetic for the next day's roll in their piles of gold then your lock cylinder will be no obstacle.

It's ironic that the same bankers who called gold "a barbaric metal" and claimed it was a detriment to a healthy, growing economy can't live without the stuff when the hot air backing for their paper fails to inspire "public confidence."

Also, the State Of California is drilling boxes that are supposedly abandoned and seizing the contents. People who have checked theirs regularly have found the contents gone, and neither the state or the banks inventory the contents or make any effort to notify box holders before the raids. Even when box rental fees are automatically deducted from customer accounts their belongings are not safe.

Surprisingly, many people are hoarding tax free cash and contraband and they cannot make claims for the return of the contents, and the state is betting that will be the case. Those who are lawfully storing family heirlooms (such as Granny's platinum wristwatch from the 1930s) didn't photograph or insure the irreplaceable items and the burden of proof of ownership is the owners'. Those who had proof found that all gold was melted down before they ever learned of the swindle.

______________________

"Not-So-Safe-Deposit Boxes

San Francisco resident Carla Ruff's safe-deposit box was drilled, seized, and turned over to the state of California, marked "owner unknown."

"I was appalled," Ruff said. "I felt violated."

Unknown? Carla's name was right on documents in the box at the Noe Valley Bank of America location. So was her address -- a house about six blocks from the bank. Carla had a checking account at the bank, too -- still does -- and receives regular statements. Plus, she has receipts showing she's the kind of person who paid her box rental fee. And yet, she says nobody ever notified her.

"They are zealously uncovering accounts that are not unclaimed," Ruff said.

To make matters worse, Ruff discovered the loss when she went to her box to retrieve important paperwork she needed because her husband was dying. Those papers had been shredded.

And that's not all. Her great-grandmother's precious natural pearls and other jewelry had been auctioned off. They were sold for just $1,800, even though they were appraised for $82,500.

"These things were things that she gave to me," Ruff said. "I valued them because I loved her."

Bank of America told ABC News it deeply regrets the situation and appreciates the difficulty of what Mrs. Ruff was going through. The bank has reached a settlement with Ruff and continues to update its unclaimed property procedures as laws change.

California's Class Action Lawsuit

Ruff is not alone. Attorney Bill Palmer represents her and countless other citizens in a class action lawsuit against the state of California.

"They figured the safety-deposit box was safer than keeping it under the mattress," Palmer said. "In the case of a lot of citizens, they were wrong, weren't they?" continued at link-ABC NEWS

____________________

HOUNDDAWG  posted on  2010-11-18   21:48:27 ET  Reply   Trace   Private Reply  


#13. To: Lod (#11)

I still buy rolls of junk 90% US silver coins on ebay at or about spot. You just have to watch for the deals.


Waiting too late to oppose tyranny has always led to bloodshed.
Hair Salon Salisbury, CT

Critter  posted on  2010-11-18   22:19:12 ET  Reply   Trace   Private Reply  


#14. To: DWornock (#10)

The GUNverment steals with stolen drills.

Lysander_Spooner  posted on  2010-11-19   10:47:52 ET  Reply   Trace   Private Reply  


#15. To: Critter (#13)

Nice.

Lysander_Spooner  posted on  2010-11-19   10:48:17 ET  Reply   Trace   Private Reply  


#16. To: Lysander_Spooner, 4 (#15)

It was pounded into my brother and my little mush-heads long, long, ago to never put anything in bank boxes.

Secure it at your residence and have the means to protect it.

Lod  posted on  2010-11-19   10:56:36 ET  Reply   Trace   Private Reply  


#17. To: Lod, DWornock (#16)

PVC pipe with end caps make great underground burial safe.

simplesurvivalskills.com/...o/buried-survival-caches/

Lysander_Spooner  posted on  2010-11-22   17:25:16 ET  Reply   Trace   Private Reply  


#18. To: Lysander_Spooner (#17)

PVC pipe with end caps make great underground burial safe.

That would be fine for gold. A 6" long 2" diameter pipe would hold a couple hundred gold coins. However, that would not hold much silver.

DWornock  posted on  2010-11-29   19:27:16 ET  Reply   Trace   Private Reply  


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