bonefide SILVER shortage!!!
Posted July 9th, 2008 by SIERRAHPBT
output
possibly 1 more sell off then we explode! or we may not get the sell off... either way, things are going to get interesting! hope you all have bought as much as you can!
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i believe that the plan is set...
i believe that they will collapse the uS economy/crash the dollar...this will make the prices of things skyrocket, along with the price of gold and silver. they will skyrocket so much that the vast majority of people will beg the government to fix the problem. the fix will be making holding any gold or silver illegal like they did in 33' with gold. this will usher in the Amero/ North American Union (and all regional unions for the one world government), which will catch all gold and silver bugs unprepared...and everyone will become slave of the government beast that has taken over, once and for all... this 'world government will make everyone take a "mark" in their hand or forehead or they will not be able to buy or sell. i belive this will happen world wide, all at once...bringing the prophecies to pass...
Revelation 13:15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
Revevelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
Revelation 13:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
Revelation 17:12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
Revelation 17:13 These have one mind, and shall give their power and strength unto the beast.
we shall see how soon....to be continued...
lookee here....
this should add some flavor to the silver discussion!
http://cgi.ebay.com/AMERO...
and
http://search.ebay.com/se...
____ _____ _____ _____ ______ ______ _____ ___
“Revolutions never go backward.”
Wendell Phillips
Silver shortage? Could be.
But if people are aware of it, it would already be factored into silver's current price.
So, I don't think there is going to be an explosion.
Interesting comment.
Just shows you how asleep the public is AND how well the market has been manipulated.
Don't confuse the paper price with the physical price. They are not the same.
Try to buy silver in sufficient quantity and see what you'll have to pay per ounce -- that is, if you can source it at all.
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
how many people living in
how many people living in your neighborhood have heard about this or talk about it?? NONE! but when they do figure it out if you don't already have it its to late!
as for me and my home, we shall worship the LORD
Why don't the large companies aware of this?
Companies that use silver in production have a large degree of self-interest to be on top of supply/demand issues.
So, I ask you Sierra, why aren't they aware of this?
also.. without tipping what
also.. without tipping what happened, go look at the price history of palladium as far back as 12 years ago! then tell me what happened!
as for me and my home, we shall worship the LORD
they are aware of this...
they are aware of this... the dealers have gauranteed the industrial users that they will get there silver to produce there goods. right now the silver is coming from the solver etf.. the silver in the etf is being leased. go read butlers essays of the last 3 weeks, he explains it much better then I ever could!
www.butlerresearch.com
as for me and my home, we shall worship the LORD
If that's true, I believe that's a crime they are committing
I'm pretty sure the ETF contracts for SLV for example, don't allow the SLV administrators to lease/sell the silver,
This seems to way too conspiratorial. Gary North has written on this silver hysteria. He think it's B.S.
and yes it is a crime.. just
and yes it is a crime.. just like the government giving bogus IOU'S to the social security trust fund and using that money for other things that it is not intended for!
as for me and my home, we shall worship the LORD
and gary north also was dead
and gary north also was dead sure that Y2K was going to stop the world from rotating on its axis and reverse course too! don't get me wrong I like gary north.. I have been a subscriber to remnant revue for 20 years now!
following his advice for y2k made me lots of $.. but the man has been wrong. I trust Butler! read what he says my friend then make your own mind up!
as for me and my home, we shall worship the LORD
Haha, ya what an embarrassment for him
for being so wrong on on Y2K.
I'm going to read the article you linked in your main post.
FORGET "currency" and think "INHERENT VALUE"
Silver, from a practical "what can it do for me?" point of view, is the MOST valuable metal I know of. I can make a broad-spectrum anti-biotic / anti-viral / anti-fungal solution from it if it is pure, so I split my investment between coins for possible trade and forms more readily workable for other needs. Anyone can do this, it is simple and can be done off-grid. Google "make colloidal silver."
There are many depths to which the S that HTF may pile up, and if it gets down to basic survival, being able to make your own VERY effective medications would be a VERY good thing. I know a few tricks for gold, but silver is FAR more valuable to me, at a practical level.
The time to learn these tricks is NOW, while we still have the "grids" to use. We are patting ourselves on the back for "trying to get off the grid" when really, we need to be girded against the day the grid drops out from under us.
May I draw a comparision?
Believing that silver will skyrocket in the near future because people who sell and trade in silver telling you of a major shortage is the same as believing the Exxon/Mobil CEO telling you that crude oil is running out.
Check your back pocket.
Do you ask your barber if you need a haircut?
Guess that might be relevant a.) if we were trying to sell
silver to DPers (which we are not), and b.) if we were trading (which we are not). People like SIERRA, myself, and e_ are only trying to help others through the next depression.
CBS Evening News talking about "runs on banks" and propping up some talking head to tell people their money is sound??? If the talking heads are telling us everything is fine, while banks collapse around us, don't you think it's time to protect what cash you have?
Check your back pocket?
You're assuming that some of us give advice hoping that the five Daily Paulers that buy a few silver coins will finally mean "pay dirt" for us?
Since you're pessimistic about my advice. Why not offer up some of your own to fellow DPers instead of trying to bash others?
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
Lisa, this guy doesn't
Lisa,
this guy doesn't have a clue! every and I mean EVERY prediction he has made has gone the other way! he predicted a slide in oil to start, instead it went up 20.00 per barrel.. he said a week ago when silver was under 17.00 that it would not see 20.00 again this year.. a great way to make money is to listen to this guy and do the exact opposite! you will be rich! he is actually pretty hilarious! that highly enlightened intectuall mind of his just doesn't work!
as for me and my home, we shall worship the LORD
Man JZ!!!!
You have as many fans as I do.
For the record, I am now inclined to agree that your $70 oil prediction may be right mostly due to severe demand destruction, the lack of will for geo political events, and deflation.
But I think your time line is off. It won't happen until next year.
WAHOR!!!
ok rhino.... the treasury is
ok rhino.... the treasury is going to bail out fannie and freddie! they just took over a huge bank, where do you think all this trillions of dollars comes from?? and what has Ron Paul told us time and time again about monetizing the debt? ITS INFLATIONARY! OIL WILL RISE! till the point you have a total collapse! when that will come I don't know .. but it is coming!
as for me and my home, we shall worship the LORD
You are correct
Yes, these bailouts will be inflationary, since they're inventing money that didn't exist before...but you must consider the scale of these actions the fed just took. This is nothing unprecidented about what they've done, they've just stolen a little bit of money from everyone to prop up their previous mistake. This represents a very slippery slope, but it won't be the straw that breaks the camel's back, I assure you.
To put it into perspective, propping up Freddie and Fannie, and taking over IndyMac will cost less than 100 billion, and the M3 is perhaps 100 times that amount. This will be a small chunk stolen, but it won't be much compared to the amount people have gotten used to them stealing.
You have to understand the fiat process for what it is...it's a very slow and efficient means of stealing your labors. Propping up all the banks in the country (I hope it doesn't come to that...) wouldn't cause problems on the scale of what you're thinking.
Another angle of perspective, the fed steals about ten times that amount every year to maintain social security. Almost a trillion dollars is taken from us, that's 4-5k per worker per year that's taken right out of our pocket. More than a tenth of the average paycheck goes right to this little fund.
Don't tell me this 1% cashgrab is going to push us into inflationary recession. The American economy will chug on like hypnotised slaves and be none the wiser, because they're too easily controlled to believe that anything bad is coming. If we're going to drive this country into the ground, they're going to have to start getting a lot more ridiculous that propping up some banks.
Some more banks are going to fail, a few in the next few days, probably more small ones in the next two years. It's going to cost a lot to catch them all, but it won't make a dent compared to the federal budget, the excesses, and the amount of worthless employees they hire. That's what we have to get a rein on in the near future, get rid of fiat once you've put the federal government on a starvation diet.
100 billion???? now you
100 billion???? now you prove your statistic! bear stearns was 500 billion and bear isn't nothing compared to these 3 entities!
as for me and my home, we shall worship the LORD
You're confused
JP Morgan purchased Bear Sterns for $1.1 billion dollars.
The total size of Bear would be close to your estimate...more like 350 billion, but that does not mean that's what it cost to buy them.
You can pick any number off the balance sheet to get whatever statistic you want to inflate the risk, but Bear had under 30 billion in level 3 risk and only 10 or so billion in net equitiy...so JP spent 1.1 billion and took on around 20 billion in immediate risk to aquire 350 billion in assets.
When a bank collapses...it does so because it becomes insolvent. It does not mean that 100% of it's assets are gone.
What?
"they've just stolen a little bit of money from everyone to prop up their previous mistake. This represents a very slippery slope, but it won't be the straw that breaks the camel's back, I assure you."
This isn't business as usual. I'm sorry but your assurances don't seem to be accounting for much in the Asian markets. As I type this, they're getting smacked.
They are not "propping up" old Fran and Fred they are bailing them out completely because they are done. Jim Rogers on Bloomberg Asia said that the heads of both should go to jail. I'm inclined to agree.
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
Open your eyes
Yes, this is completely business as usual. Propping up banks and other failed businesses is part of what our government does. The fed's actions of recent days is nothing in comparision to the number of banks they propped up in the late 80's S&L fallout.
Fannie and Freddy are worthless government endevours masked as private companies...and they always have been. Indy Mac is nothing more than the debt that Countrywide carried from their home lending spree...it is no surprise to see these 3 institutions fail, because they are socialist institutions in a capitalist system.
These will be the major failures of the subprime fallout. There will also be some small mom and pop failures...but no big collapses. This is how fiat works. It's amazing the number of people here who demonize fiat, but have absolutely no clue how it works.
Corporate bailouts are NOTHING new...it just happens that the failed business models of today are lending institutions.
the estimate for the tab on
the estimate for the tab on bailing out fannie and freddie and indy is in the neighborhood of 5 trillion... now thats Trillion with a "T".. just where do you think they are going ton get that kind of money? yep thats right PRINT IT! and who are the one s that take the brunt of the consequences of it... THE TAX PAYER.. it is highly inflationary.. and it is only the beginning.. so much for 70.00 oil! you will be lucky to see 100.00 ever! ya ya now go and tell me that i'm wrong.. with that enlightened goerge soros loving intellectualism of yours.. oh by thw ay to keep score.. not 1 thing you have predidcted has come to pass.. and just so you know remeber in that 70.00 oil fantasy thread of yours where you told me we won't see 20.00 silver or 1000 dollar gold this year? ..
you said that when silver was under 17.00 silver now at 19.36
now i see why you don't want to make a bet! your record is not to good for an "enlightened intellectuall" I can't believe you called yourself that by the way! to funny! you are a legend in your own mind son!
as for me and my home, we shall worship the LORD
Wrong
5 trillion dollars??? Is this coming from Jim Sinclaire or your Mogambu Guru. Not even close.
First of all...IndyMac has around 30 billion in assets and perhaps 50 billion at most in liabilities. Net 20 billion dollars in risk the fed just ate. You're only $4,980,000,000,000 away from your number now...
Fannie and Freddy's TOTAL share of the US mortgage market is around 6 trillion or so....so by your numbers, they would have to lose 83% of their share of the mortgage market in order to lose 4.98 trillion.
That would mean that 83% of the mortgages they back would become absolutely worthless...a 83% default rate with every home having lost 100% of it's value.
Sorry, horrible math.
Can you correct my math...or more likely just link to the Mogambu Guru article that spoon fed you this number?
there are many "M"s.
M3 is of most importance.
WAHOR!!
mr. enlightened
mr. enlightened intellectual..... you should not open your mouth when you have not studied the fundamentals of a market.. Ted Butler does not sell silver.. he has studied this market since the mid 1980's.. all information and his analysis come free of charge. for being an intellectual your not very smart are you?
as for me and my home, we shall worship the LORD
Blah blah blah....
Ted Butler doesn't sell silver....at least not publicly...but he is what most people would call a silver bug...which means he likely has a great deal invested in the commodity thus makes money when the spot price goes up...
Also...all of his analysis is not free of charge
http://www.butlerresearch...
Does the word subscribe mean anything to you?
LOL THE LINK YOU PROVIDED
LOL THE LINK YOU PROVIDED SAYS SUBCRIBER TEMPORARILY DISABLED! SAME THING IT SAID 5 YEARS AGO! HE DOES NOT TAKE SUBSCRIPTIONS! DID YOU EVEN READ THE LINK? YOU ARE A MORON!
Caps off please
It's free of charge because no one will pay for it.
My analysis is currently provided to the folks at DP free of charge...but If I got 100 emails in a week offering $14.95 a month for my analysis, it will cease to be free of charge.
See how the free market works?
Still waiting for your investment advice.
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
Silver up AGAIN today.
I think Sierra and Lisa are right. Tick, Tick, Tick.... Another up day for the silver. Who cares what suck pants thinks, you guys are right so far and no matter what, I sleep better with silver. It's shiney, pretty, real and functional. I love it! Most people are stupid. Even my brother laughed when I told him that I was going get silver coins for his daughters birthday instead of a lame college/mutual fund. I think it's hilarious. The dollar is over and we are watching history unfold.
Cally
lol..... you are a legend in
lol..... you are a legend in your own mind.... not even the guy in the dos equis commercial compares to you! by the way you might just be very surprised at how many people read his analysis... I mean Very surprised!
again another rebuttle with no substance what so ever... you were proved wrong again.. by the way.. how is that middle management job of your going? does your employer know your on the daily paul when you should be working?
as for me and my home, we shall worship the LORD
Dear Mr. enlightened
Dear Mr. enlightened intellectual(JZNEFF). once again you open mouth and insert foot.. if you go to his web site yes it does say for subscriptions.. 5 years ago I contacted him and asked to subscribe. he said I'm not taking subscriptions and his service would remain free! do some investigating before that heavy iq enlightened intellectual brain of yours gets you into trouble.. you can contact Butler via email and he will tell you the same thing! his anaysis is free. or since your so much smarter then the rest of us and your net worth is 100k... how would you like to make a bet? I'll bet 500k vs your pidly 100k that you are wrong? wanna take it? or will this be another open your mouth and insert foot moment for you? kinda like the bet you didn't wanna take that silver won't go above 20.00 again this year? lol since you said that silver has gone up 2.00 and is now over 19.00 still wanna take that bet?
as for me and my home, we shall worship the LORD
It's free for one reason
There wasn't enough interest...i'm sure if he had thousands like you willing to subscribe, he would be charging. Unless you see him and all your other goldbug speculators as a group of benevolent messiah's who only intend to inform and help you out of the kindness of their heart...in which case, let me know because i'll know you're a lost cause.
I don't bet with you for two reasons
1) I don't trust you
2) I can get better return elsewhere
Great. Good luck.
Let him go SIERRA.
Just the fact that he's talking returns when you are talking survival just shows how far apart you are.
You help people everyday and I know how much you care about others. Anyone who would disrespect a person like you is not worth anyone's time.
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
spin spin spin..........
spin spin spin.......... all you have to do is look at the mans track record.. but then again your such a geni-ass and so smart you don't need to do research as you have told us in your other threads! look at when butler recommended silver, what was the price? read all his weekly essays! has silver done what he said for the past 10 years?? YES !now even you an enlightened intellectual can understand that maybe this guy is right! come on mr. enlightened intellectual you can do better than this! but then again your to intellectually lazy to take the time to reasearch this subject.
or you just think your so smart that everything you say will come to pass?? which is it? as for me.. I put my money where my mouth is.. now put up or shut up! since you bashed oil what 2 months ago its up what 20.00 per barrel? banks are now failing and this economy is crashing EVERYTHING you have made predictions about is WRONG! it will be fun watching you eat crow!
as for me and my home, we shall worship the LORD
You put words into my mouth quite often.
It is quite obvious from your writings...but i'll put it this way.
The only time your posts even sound like a literate person wrote them is when you are copy/pasting from another article. That's what I call intellectual laziness.
When you're writing your own words (much like the post above) you sound like a 12 year old.
I'm watching the economy...and while you may see it teetering, I see nothing unexpected and plenty of light at the end of the tunnel.
Put my money where my mouth is??? Sorry, as I said before, I don't trust you.
ahh yes... jzneff... thwe
ahh yes... jzneff... the whizz kid of the dailypaul! the one who is so immense in his brain function even spock comes to him for advice!
spin spin spin ... talk about not answering questions.. you have not answered 1 question about butler.. why is that? is that not intellectual laziness? you made a charge and can't back it up.,.. show where butler has been wrong in the last 20 years? now I would much rather sound like a 12 year old than a pompous little ass like you! you are not very smart sir! pride goes before a fall! and for you one is coming! as I have said before.. you are a legend in your own mind! the enlightened intellectuall! that makes me laugh!
Ahh a wild goose chase
So you want me to page through 20 years of this guy's writings to find out where he's been wrong in the past??? For what? To prove that you are incapable of reasoned and critical thought?
I don't need to spend that much time...your writing proves that for me.
There's your answer.
I'm not the one who jumped
I'm not the one who jumped in on this post and making claims that Butler was somehow trying to sell silver.. your the one who made the point.. now quit being intellectually lazy and back up what you said! otherwise just shut up! I have proven above that once again you do not know what you are talking about! NOT 1 friggin time especially in your 70.00 dollar oil post have you been right! not 1 time.. come on enlightened intellectual,
back up what you spew!
as for me and my home, we shall worship the LORD
I used to be an antique dealer
and bought several sets of sterling silverware years ago and still have them.Think I would be able to buy some food
with a fork?
Sterling is 92.5% fine. How much does the fork weigh?
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
Don't have a small scale to weigh them
so I don't know.Have several hundred spoons,forks,bigger serving pieces,etc.Do you think I could go buy food for my family with these?
I went to a dealer and he said an entire set he would buy for..
750-1500.00 so I don't know how many sets you have...but that may help in figuring out how much you may get..
"REVOLUTIONS OCCUR NOT BY 51% OF THE POPULATION....THEY OCCUR BY 3 OR 4 OR 5 % AND WE HAVE THAT NUMBER--CARRY ON!!"
President RON PAUL
I don't see why not.
Are they stamped to show they are sterling?
It's just a matter of multiplying .925 * weight of utensil * spot price.
If a fork weighs a quarter of an ounce that's roughly $4.32 worth of silver (you won't get that much from a dealer but you might get that (or more) selling privately).
You might want to get a small jewelers scale and start cataloging your items.
Many times over the centuries, people have sold grandma's silver in bad times.
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
Thanks Lisa
Most are stamped sterling,the really old ones,early 1800's, are coin silver.
You could probably have it appraised for its silver value alone.
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...
Not Normal
Whats coming is not normal. It's effectively end of days for finances.
Live by this simple maxim.
Paper = Default.
If it's not in your hands, it's in someone else's.
Get hard metals, in your hands.
Period.
Short interview -- gold/silver bugs have a listen.
http://www.kereport.com/W...
Al Korelin from the Korelin Report Interviews Ed Steer and Bill Murphy (GATA)
GATA's website: http://www.gata.org/
___________
Lisa C.
“Elections are short term efforts; revolutions are long term projects.”
--Ron Paul
Join the rEVOLution here: http://www.campaignforlib...