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Title: WTF?
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Published: Oct 11, 2008
Author: Me
Post Date: 2008-10-11 00:16:10 by Critter
Keywords: silver, screwed
Views: 398
Comments: 9
Silver dropped 15% today, to $10.49, despite the crashing of the markets around the world, and despite banking fears? The vermin responsible for manipulating the silver prices need to be hung. Funny, on Ebay, people are bidding up to 50% over spot for 90% silver coinage right now. Personally, I don't give a rat's ass what silver is "worth". It just pisses me off that scum are able to get away with rigging prices. I honestly can't wait for America to go Bosnia. I'm going to take advantage of the target rich environment.
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#1. To: Critter (#0)
One day, silver can be melted down for bullets. That will be its worth. Don't pay 50% over spot to some Ebay sheister. And yeah, prices are being rigged and so is the supply "shortage."
Law Enforcement Against Prohibition "Corporation: An entity created for the legal protection of its human parasites, whose sole purpose is profit and self-perpetuation." © IndieTx None dare call it deflation.
...Both methods yielded similar results, which support the previous findings; that is, of all modern human samples, sub-Saharan Africans again exhibit the closest phenetic similarity to various African Plio-Pleistocene hominins... Indie, I'm not sure that we shouldn't let a free market start setting the prices on bullion. If paper silver controls the prices eventually the mines themselves will shut down. I agree that there should be more silver in (supply)circulation since at one time everyone in America carried silver and silver certificates that could be redeemed at any bank on their person. $20.00 per ounce didn't send it flooding back into the markets. Are we to assume then that the silver coins collected back through the banks after it was taken out of circulation in 1964 has been sold off to commercial users and no longer exists as coinage in large amounts ? I recall my mom even saved silver $.50 cent pieces for years after they stopped minting them. If you believe Rob Noel (and I do) there are buyers out here but not much supply. People holding precious metals are not selling them, at least not at the spot prices. I've called a local broker here several times trying to buy some silver and he hasn't even been willing to quote a price because he doesn't know how much of a premium he'll have to pay. I think this same thing holds true for the mints. If they're unable to secure the silver at a price that allows them to mint coins and sell them into circulation without suffering losses they'll have to lay people off and halt operations until the market stabilizes enough for them to know what they have to pay and what they can sell the end product for. I'd like to see an equivalent $20.00/ounce silver coin minted or at a minimum begin to see we the people trading them amongst ourselves at $20.00/par value per ounce. We are witnessing stagflation in the silver market right now in my opinion. If we compare the price of a Tootsie Roll Pop sucker at 2 cents when a buck was a silver buck to the price of 25-26 cents today for a smaller sucker we can see a minimum inflation of 13 to 1. If we compare Gas that was once .25/gal when a buck was a buck, 4 gallons was a "BUCK" today 4 gallons is $13.20 (at national average of $3.30 per gallon). So, here again we see inflation having a 13 to 1 impact on our buying power. If we were to think outside the box and display a little balls we could establish our own silver based economy. We should anticipate some more inflation and begin by establishing silver at a $20.00 exchange rate because until the fiat currency is changed and new values placed upon it, $20.00 is a nice even number. This would also free up silver mines to produce the necessary amount for the public economy. We the people need to start making policy if only among ourselves since it's obvious we're just being used by those elected prostitutes that have been robbing us since 1913. If people would do this and begin to have real confidence in real money again we could wean ourselves from the use of the fake money altogether by refusing their shit currency. If a group of people holding substantial amounts of silver could pool their silver resources and begin to circulate silver in a major metropolitan area (I would suggest Austin for obvious reasons the main one being that more people there than anywhere else I know are aware of the tyranny imposed by the monetary system and there's probably a lot of silver being held by Austinites). If the paper dollar keeps losing value all vendors will prefer the silver (or a silver backed currency) to the crap paper issued by the Fed. I've seen butter increase in price from $2.85 per lb. to $4.05 per pound in the last 6 weeks, while we're being told that the USD (dollar index goes from under .7 to over .8) is going up and the (FRN) dollar is worth more. This is obviously bullshit, and if anything the dollar's reputation against other currencies is giving it a temporary false higher value that can not and will not remain in the face of the infusions of TRILLIONS into the system. What we call this "money" is our choice. We could call each unit a "buck" instead of a dollar so that the fed can hang on to their monopoly money name. The Liberty [Dollar] BUCK could have Ron Paul's face on one side and a hand flipping off the "FED" on the reverse side !!! (Or something like the don't tread on me symbology). The guy that established the Liberty Dollar proved this could be done. I would further suggest that he and everyone associated with his idea be made whole and put back in business to establish the notion that no one gets screwed by using real money, ever. Let's discuss it ! The time for a REAL MONEY BANK and a return to REAL MONEY is here. Remaining tied to the fake monetary system of the central bankers is costing TRILLIONS, forces us to be joined at the hip with shit-eating criminals, locks us in to a criminal government, and reduces us to slaves. Maybe Putin could be approached to mint the "Buck".
Actually could do that in a much simpler and easier way. Just start using "junk silver", as in "US coins from 1964 and earlier" that are 90% silver. As a basic rule of thumb, multiply the face value by 20. So, a Franklin half dollar would be worth 10 bucks. There's no question of purity or content, if it's a US minted coin from 1964 or earlier, it's 90% silver if it's a dime, quarter, half dollar or dollar.
"There is no 'legitimate' Corporation by virtue of its very legal definition and purpose."
-- IndieTx
#2. To: Critter (#0)
Ancient teeth and modern human origins: An expanded comparison of African Plio-Pleistocene and recent world dental samples, Journal of Human Evolution Volume 45, Issue 2, August 2003, Pages 113-144
#3. To: IndieTX, silver bugs !!! (#1)
(Edited)
Don't pay 50% over spot to some Ebay sheister. And yeah, prices are being rigged and so is the supply "shortage."
#4. To: noone222 (#3)
 | Gold and silver are REAL money, paper is but a promise. |
#5. To: Elliott Jackalope (#4)
I agree completely. I believe it's imperative that we get started ASAP too.
Actually could do that in a much simpler and easier way. Just start using "junk silver", as in "US coins from 1964 and earlier" that are 90% silver. As a basic rule of thumb, multiply the face value by 20. So, a Franklin half dollar would be worth 10 bucks. There's no question of purity or content, if it's a US minted coin from 1964 or earlier, it's 90% silver if it's a dime, quarter, half dollar or dollar.
#6. To: Tauzero (#2)
LOL. Not on this forum. I'm still waiting for the $5,000 gold and hyperinflation. Here is another laugh. Its only manipulation on the way down, never on the way up. LOL.
Mark
If America is destroyed, it may be by Americans who salute the flag, sing the national anthem, march in patriotic parades, cheer Fourth of July speakers - normally good Americans who fail to comprehend what is required to keep our country strong and free - Americans who have been lulled into a false security (April 1968).---Ezra Taft Benson, US Secretary of Agriculture 1953-1961 under Eisenhower
#7. To: Kamala, all (#6)
Any thoughts about this? Cash Is Scant Refuge... So What Is? http://www.financialsense.com/fsu/editorials/deepcaster/2008/1003.html Small excerpt: Beware of Cartel Intervention in the Precious Metals Markets. Tangible Assets, and especially the Precious Monetary Metals Gold and Silver, are the "Mortal Enemy" of the Fed-led Central Bankers as Deepcaster pointed out on several occasions. This is because if Tangible Assets become legitimate Alternative Stores and Measures of Value to the Bankers "Paper Assets" (i.e. Treasury Securities and Fiat Currencies) the Bankers lose power, influence and profit. Therefore it is understandable that the Cartel of Central Bankers* periodically makes major and often successful attempts to take down the prices of the Monetary Metals, Gold and Silver, and Tangible Assets such as the Strategic Commodity Crude Oil. Indeed, in the week of the Bear Stearns collapse (when Gold and Silver should have skyrocketed), the week ending March 21, 2008, they did effect a major Precious Metals Takedown with massive Market Intervention, as Deepcaster earlier Forecast. Therefore, in terms of timing one's purchases of these assets, especially Precious Monetary Metals, it is essential to consider not only the Fundamentals and Technicals but also the Interventionals. Otherwise one and one's Tangible Assets Portfolio can be caught in a Cartel-generated Takedown, with severely negative results. " [snip]Here is another laugh. Its only manipulation on the way down, never on the way up. LOL.
"The Three Important Caveats
#8. To: noone222 (#3)
You make so many solid points. However, after it all goes through the wash and TSHTF, silver will be worth exactly what lead is, because it could be smelted for balls for black powder guns or bullets with reloading tools. Ammo will be more important than food because 1) it will ensure you keep yours and 2) it will ensure you can hunt bad guys who've already stolen from good folks (and killed them, i.e. rape rap and robbery, the three Rs) and take their food, or hunt game. I've said it many times here. Many have guns. Few have more than a box of ammo to feed them.
Law Enforcement Against Prohibition "Corporation: An entity created for the legal protection of its human parasites, whose sole purpose is profit and self-perpetuation." © IndieTx
"There is no 'legitimate' Corporation by virtue of its very legal definition and purpose."
-- IndieTx
#9. To: IndieTX (#8)
You're right. I only have two boxes for my AR-15 7.62 X .39 ... 2200 rounds in each one ! I'd prefer to reclaim our honest money system before we have to waste good ammo on bad characters. (I can't help it, I'm an optimist).
I've said it many times here. Many have guns. Few have more than a box of ammo to feed them.
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