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Resistance
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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: 246
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.

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Begin Trace Mode for Comment # 9.

#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   Untrace   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   Untrace   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   Untrace   Trace   Private Reply  


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