For the silver bugs.
I don't have much time to post at the moment. Just an update in how things are looking from my desk.
First of all, I just bought some junk silver. Not a lot because I couldn't find much. I paid $16.35 an ounce. From what I've seen, silver is going anywhere from the mid-$16's up to $17. The paper price has fallen but the physical market hasn't changed that much. We have two markets going on at the moment -- or a decoupling, if you will. One market is a lie and it's not too hard to figure out which when you look at the economic fundamentals of the US.
Also, Bill Murphy of LeMetropole Cafe put out a special weekend update due to all the emails coming in from around the world from members trying to buy silver but none of any quantity can be found.
Here is just one of the many emails:
"My bullion dealer here in Edmonton did a record day in silver on Friday...only to have to cancel all orders because his suppliers (in both Canada and the US) would no longer take orders for silver because THERE WAS NONE TO BE HAD...anywhere, and at any price!!!
He says that as of Monday, the retail silver market will be at a total stand still all across North America.
Right now he can get gold maple leafs...but that's all. And the Royal Canadian Mint is no longer taking larger order for silver maple leafs.
I note that the US Mint sales in gold eagles have taken a huge jump. We're only half way through August and the mint has already sold 100,000 gold eagles and buffaloes.
Note the notice that just went up at Kitco. At Tulving and A-Mark the cupboards are bare as well.
I hope you have your stash already...because it doesn't sound as if there's going to be any more coming...as the retail pipeline is empty and will be impossible to refill.
My bullion dealer and I discussed this very thing last year, and to see it actually come to pass is truly frightening.
Even if the price of silver dropped to $5 next week, it wouldn't matter, no one is selling and everyone now wants to buy...but the cupboard is bare.
I guess that's why gold sales are skyrocketing.
We live in interesting times. Ed"
If you haven't seen it, here is the notice at Kitco:
IMPORTANT NEW NOTICE: Due to market volatility and higher demand in the entire industry, we are anticipating delays in supply of all bullion products. Please note that you can continue to place orders and prices will be guaranteed; however, cancellation fees will still be applicable regardless of the length of the delay. Consequently once inventory is received there may also be delays in processing and shipping by our vaults.
I posted this mainly for Liberty_Belle -- hang on girl. There is light at the end of this tunnel.
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another dealer talking about
another dealer talking about shortage and price
IMPORTANT NOTICE: Official spot prices are no longer relevant! As Steve warned several years ago, precious metals are becoming very scarce. While many brokers can't get silver, Steve has private access. Contact Steve and get your precious metals today! 406.586.4840
as for me and my home, we shall worship the LORD
If you can get a set of silver spoons at spot they are practical
Silver is silver whatever is stamped on it, paper is paper no matter what is printed on it.
As long as it has a sterling mark, why not?
___________
Lisa C.
www.dvds4delegates.com=Ron Paul, the 44th U.S. President
Join us at: www.campaignforliberty.com
Brought to you by: www.women4ronpaul.com
Any short men want to take me up on this offer.
Perhaps Sierrah can back me up, but for anyone who has property for raising cattle or farming, like he does and I do. Silver is just as good as gambling on the price of beef, and it doesn't have to be feed, given shots, pass inspection and all the other demands of caring for an animal. For farmers who plant corn, wheat or other cash crops, the gamble is the same, and silver or gold are a good store of wealth since you don't have to worry about mildew, pests or leaking roofs.
So my point is for those who have gold and silver, and want to stock up on food, or just trade for monthly needs; farmers are a good outlet to trade your silver and gold. Why go through the money changers? In fact many farmers may prefer to sell you land with a land contract in exchange for gold or silver than to have to deal with FRNs. I know I would.
Let's see, I'll sell you 40 acres of farm land for $20,000 which is around 25 gold ounces at today's rate. 5 gold ounce pieces as a down payment, and I'll even give you a fixed rate of 10% interest to be paid over the next 7 years. But you have to pay me in gold pieces (20 plus interest), not FRNs or paper.
grant
That sounds like
a really good deal. Is a land contract where I go through you rather than a bank? It is good to know farmers would deal in gold and silver, smart move.
it will come to this! good
it will come to this! good post !
as for me and my home, we shall worship the LORD
Here's a question for those
Here's a question for those of you who know better than myself. I've been buying silver in mostly 1 oz bars and rounds. Often, one of my dealers, and it just so happens he is the one who gives me the best deal, often has little to offer me but the 1 oz rectangular bars that have christmas ornamentation on them, or peoples names stamped on them, or any one of a dozen other motif's that I find aethetically undesireable. Can anyone tell me if there is any reason whatsoever for me to avoid purchasing such silver. After all, it does all say .999 fine. Am I being too picky? I'm starting to think so, but just want some confirmation to help adjust my thinking.
Things are only impossible until they are not.
-- Jean Luc Picard
watch out for the tax hit on bars and rounds...
the IRS can tax you on capital gains when you sell bars and rounds. they cannot do this to coin currency that they minted, for money cannot be tax (except by inflation of course...yet inflation does not have any effect on silver and gold's purchasing power...so it cannot be taxed at all, unless made illegal).
if it says .999 fine BUY IT!
if it says .999 fine BUY IT! silver is silver!
as for me and my home, we shall worship the LORD
If you don't want them how easy will it be to sell them
if need be?
___________
Lisa C.
www.dvds4delegates.com=Ron Paul, the 44th U.S. President
Join us at: www.campaignforliberty.com
Brought to you by: www.women4ronpaul.com
read this if you think
read this if you think silver will still keep going down much further.. anything is possible but I jhust don't see silver going down much more..
for those who think the eirozone economy will race past the US economy on the way down this is intersting reading!
http://jsmineset.com/
as for me and my home, we shall worship the LORD
love ya sierrahpbt
I bought for the first time today - no need to post my results but they were fair.
much to do with you and left the hurd!
just read butlers ebook...
just read butlers ebook... www.investmentrarities.co... he can explain it much better then I ever could! read that then you will understand what is going on!
as for me and my home, we shall worship the LORD
I beg to differ.
Take your own advice, don't be so sure until you try. I am talking about local use for goods and services. Local farmers if that is possible, I know in my area it is common for farmers to barter goods already. My family used to raise grapes, strawberries and flowers and take them down to farmer's market in Detroit to sell to the public. However FRNs were rarely used between farmers because we would simply trade our grapes for the products we didn't grow or other goods we needed. It was also common to pay stock boys with our product as well. They were happy and we were happy. Silver being that it is a store of wealth can come in handy in the similar situations.
Was able to buy a few rounds today
at a local coin shop for $14.50 each (1 oz)...they still have junk silver, too....has the market opened up yet, or are others still having trouble securing silver???
I've been to all three of my
I've been to all three of my local outlets. Only one of them has had a problem with getting small bars and rounds to sell.
Things are only impossible until they are not.
-- Jean Luc Picard
Get your hands on the product, and use it to teach and trade.
Sell your silver mining stock, paper silver Etfs and certificates. Get Physical possession of silver. Why would anyone in their right mind want to invest in a mining company, which is going to produce more silver, when you want the value of silver to increase, duh.
grant
By beginning to spend the
By beginning to spend the silver you have on goods and services, you are spreading out the silver and getting it into more hands. This requires silver dealers to have to find new sources to buy from rather than just acting as middlemen between a buyer and a seller.
Teach people to use silver and your silver become more valuable.
According to Article 1,Section 10,Paragraph 1, Clause 5 there shall be No Legal Tender but Gold or Silver.
Start using your silver for purchasing local goods and services. It is a protected right by the Constitution and it teaches people to trade 'good' money instead of bad. If good money is used again, it will drive out bad money. You don't have to accept FRN's according to the Constitution and you don't even have to accept them according to current legal tender law unless someone is in debt to you. You never have to accept FRNs if you require payment up front. In fact as a businessman I would consider offering a discount if someone was to pay me in silver as opposed to FRNs.
grant
Imagine if you go to your local market and you have silver in your pocket worth $13 dollars and you offer to pay the person you buy your vegetables from in an ounce of silver or $13 in FRN's. Of course if the person is educated they will accept the ounce of silver and probably even consider a discount for the real money. They will in turn will either store some of it, which will increase the value of your silver or he will go to his barber and offer him an ounce of silver for a $20 haircut. He probably willl accept it and then either save it or take it to his dentist and offer him a similar deal. If enough people get involved, then who in their right mind would accept FRN's, and they would be less desired on the market. In fact the more people get involved and start using silver then there will be an increase in value of silver over the FRNs. The only time you would want to have FRNs is to pay your taxes, an with an excess on the market, because silver had replaced them, you could easily find enough of them and pay the Federal government. You are not doing anything illegal, the Fed is the one that inflates and then steals our property.
grant
In principle, your system
In principle, your system works well, but I have to wonder how many people would balk at the silver due to the fact that the market value of the silver fluctuates so quickly in today's market. I'm thinking that back in the old days, news of changes in precious metals prices probably traveled a whole lot slower. There will still be those who will prefer FRN's simply due to the fact that they "appear" to be more stable. Even though WE all know they are steadily declining in buying power.
Things are only impossible until they are not.
-- Jean Luc Picard
sierra will not repond to
Zeitgeist question i have posed to him several times, i wonder what he is afraid of? You may continue to ignore my request and that is ok but im not going away!
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
That Zeitgeist thing
Well, your persistently annoying question is completely off topic in this thread, Maybe that's why he's not responding to your bait. Sierra is clearly a Christiian. I am an agnostic. But I don't get into a religious flamewar with him when the issue is silver and its price.
Well thank you Bobw
I figured Sierra would keep ignoring me until he got someone to speak for him and give him support.
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
what was the question I
what was the question I missed it!
as for me and my home, we shall worship the LORD
I wanted to know what you
thought about the zeitgeist video, that is, if you have watch it. Part 1 in particular that deals with religion. I know this is off topic, thanks again bobw, but unless you sierra do not check responses to your posts, I find the fact that you missed the question a little disingenuous, please excuse any misspellings.
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
no i didn't watch it.... its
no i didn't watch it.... its peoples opinion.. and like I told you since you were catholic and supposidly a theologin that sealed the deal for me... your mind is to easily influenced.. so no I will not watch a video by some moron brought to us by the jewish religion who does not recognize Jesus Christ. the guy is full of it! now worry about yourself.. one thing I will say.. If your right and the bible is all a hoax then I and you have nothing to worry about.,. we die and go back to dust.. but if I 'm right and your wrong , your the guy who will be in sorrow not me! so I win both ways.. you lose if your wrong.. easy as that.. so yes I did answer question now that I remeber what this is.. I told you you being an ex catholic and amatuer theologian sealed it for me.. I won't waste my time.. sometimes things have to be looked at from the heart.. not just the head! lots of smart people who are outsmarting themselves!
Well thank you Sierra
Thats all I wanted, I disagree with you or anyone that has judged the video without watching it, enough said on that point. I am not here to cause anyone grief, although I suspect some will disagree with that, and that is their perrogative. I hope you can understand that there are other peoople like me who have for years or decades had to bite their tongue to avoid the rath of those that think that they are correct about their beliefs and those that disagree with them are some how immoral or unpatriotic for having are own beliefs that do not coincide with the majority.
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
I don't know where you
I don't know where you pulled that from... I really don't care what other people beliefs are.. I want the atheist and the catholic and the buddhist etc etc etc to be part of this "revolution" I want freedom and liberty for all! not just Christians! we all have to find the truth.. I can't find it for you and you can't find it for me ... its a personal decision!
as for me and my home, we shall worship the LORD
I'm not asking you to find anything
for me, I'm perfectly capable of finding what I'm looking for myself. If you want to brand me or anybody else an atheist, good for you. I'm not trying to direct you or help find some truth about anything. I simply asked you a question due to your religious tag line. If you want to insulate yourself from some information because you have some preconceived ideas about religion that is your right. As far as anybody proving any lies or misinformation about that video, I have not seen anything that stands up to scrutiny, people just say it to blow it off as is always the case when they can not prove something, just discredit it and move on. You can make your final comment about this and have the last word, I have said all I'm going to say.
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
whatever dude! good luck to
whatever dude! good luck to you.
as for me and my home, we shall worship the LORD
Ah
HAHAHAHAHhahhahha.....Oh man good one.
Maybe he doesn't want to make a career out of
watching a whole series of videos that weave truth and lies?
"Committed To The Eradication Of Poverty Among Patriots"
Maybe he can speak
for himself, maybe not. At least people know what you think of it. Thank you DWB.
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
You're right Captain. I apologize
I should have kept my opinion to myself. It was my opinion not SIERRA'S
"Committed To The Eradication Of Poverty Among Patriots"
No apology necessary
especially when it comes in the form of sarcasm. I am not a Captain and never was, I have served my country honorably for nine years in the enlisted ranks of the US Navy, that was enough for me. Captain Beyond was an old band fom the 60' that caught fancy in my younger days. Have a good day DWBucks
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
Captain Beyond
I didn't mean it to sound sarcastic.
Speaking of the 60's...
Rare Earth wasn't one of the biggest names but they had it goin' on.
Their lead singer Peter Rivera is still performing and he sounds better now than back then. He can really tear it up!
CELEBRATE with Peter Rivera
http://www.youtube.com/wa...
"Committed To The Eradication Of Poverty Among Patriots"
that is some good music
that is some good music daddy!
as for me and my home, we shall worship the LORD
So true
Weaver's of lies and truth. Speaking in half truths is still speaking in lies.
So
what are the lies and half truths, if I might ask?
Wisdom from reflection - as when the Moon speaks to the waves of the sea. Yeah I'm way out there.
Use your silver, get people hooked on real 'good" money.
FRN are not Constitutional, trading in silver coins is. If people begin to trade in silver coins or for that matter even modern coin, since they are good for making change. Don't accept paper. Sure it requires a little work, but it will pay off in the end. I go to my local farmer's market. I trade silver coins and can always get a better deal than if I was to pay with FRN's. People will always accept something of real value as opposed to fiat money. It is called gresham's law.
http://en.wikipedia.org/wiki/Gresham's_Law
We need to use good money again and I guarentee it will buy you more for your buck.
grant
Get your hands on the product, and start using it for trade.
If more people start trading gold and silver for local goods and services, then more FRNs will be necessary for the purchase of other commodities. The NWO can't work on a gold and silver system because they can't keep track of all transactions this way. To be off the grid means not to use FRNs. They are useless paper that steals from the people. How many people have lost their homes because of the manipulation of the dollar. Sure the government will spend money FRNs but it will be taking on more debt and paying interest to foreign central banks who have been stocking up on the dollar and not spending it on your local goods and services.
grant
Get your hands on the product, don't be fooled twice.
I would get out of the mining stocks and certificates and get ahold of you silver and gold. Mining stock is not the same as physically holding the product. Many things can go wrong, For example, government delays mining permits, workers go on strike, environmentalists protest production (Gold mining releases arsenic into the environment). Physically held gold or silver can be traded for local goods and services. Start doing so and teach people to use and save real money. Don't hold it in the bank. Who is to say Comex warehouse won't have their warehouse invaded by the government as has happened in the past.
grant
FYI
10 am ET Monday: Just bought 400 oz ( 1 oz. coins) silver for $5,842 delivered. Goes out the door first thing Tuesday.
If the company proves out they also have plenty of gold goins in stock.
So there are dealers that have stock on hand.
But I admit that they have about a 2 month delay on metals that are on order.
"Committed To The Eradication Of Poverty Among Patriots"
Daddy WB
If I remember correctly, you said that you did a lot of trading in the S&P. Do you do this in your free time, or is it your job? I'm interested in starting a career in finance or equity trading, but I'm not sure where to start. Any advice from somebody who knows more than I do about such things would be much appreciated.
"The sinews of war are infinite money" ~ Cicero
MrWood: I daytrade the S&P fulltime for myself.
I've long considered teaching others to do it. I've even had others join me in person and over the web through a live conference room.
Bottom line is most people don't have the patience to daytrade. Their minds wander and that's like trying to chase a chicken with a blindfold on.
It can be incredibly boring. But I don't know where else you can make 50,000 or $100,000 a day and more -- working from home in your bathrobe.
I am now considering just having a conference call set-up where I tell others to buy or sell at the right time. They won't see my charts. They will only see their execution platforms where they enter their trades real time. They will be able to see their profits immediately.
The concern now is the legal issues. I don't want to get bogged down in litigation with someone for their own mistakes. I am considering having these traders trade my accounts instead of their own, Then we share the profits. I put up the money. They follow the calls. And I pay them a portion of the profits.
Until then MrWood, I suggest you look into this course. It's fun.
It's a go-at-your-own-pace deal. And you can learn how to be independent.
World's Greatest Business
http://www.gbemembers.com...
Most people I find are too lazy or distractable to take an hour a day to learn how to become wealthy. ( Me too )
But I kept bringing myself back to it over the last 12 years and now I have a system. My PC is an ATM machine for me. And I have freedom. No boss. No employees. No clients. No commuting. I take any days off when I want to.
It doesn't take a lot of money. It just takes the daily discipline of one hour a day. And there's nothing at risk until you are confident and trained.
You can practice as long as you want.
Daytrading only requires an account of $1,000 or less. Margin for the emini S&P is $500. So for instance -- today I got short at 9:00 am ET from 1305. The market is at 1282 now at 1:00 pm. That's 23 points. At $50 per point that's $1,150 per contract. If you trade 50 or 100 or more contracts at a time, that over $100,000 for a half day.
Where else can you start with $500 and one contract on Monday morning and by the end of the week, (by increasing the number of contracts each day) have $100,000?
"Committed To The Eradication Of Poverty Among Patriots"
DWB: I am listening
to your plan and I'm interested. Please keep me in mind when you do. In the mean time I am looking into get myself set up so I can join GBE.
Thanks,
PF
"The Matrix is a system, Neo. That system is our enemy...You have to understand most of these people are not ready to be unplugged. And many of them are so inured so hopelessly dependent on the system that they will fight to protect it". - Morpheus
Hey Patriot
Let me know how you are doing if you sign up for GBE. I just did this morning, downloaded the manual and got about halfway through it so far. My email is dwood383@gmail.com. It would be fun to bounce ideas off of each other if we are going to start at the same time.
"The sinews of war are infinite money" ~ Cicero
GBE may look like a tall ladder to climb from the bottom rung.
But every few seconds you take another step up the ladder. In a few minutes you look down and see how far you.ve come.
Believe it or not...there have been times when I was scared out of my ass trading...not of losing money (ironically) but of breaking through to tens of thousands in a day. Something way deep inside could not handle it. And it's immediate. End of the day you can wire that money home.
"Committed To The Eradication Of Poverty Among Patriots"
Nice
The Daily Paul investment team : )
Interesting stuff, no doubt.
"The sinews of war are infinite money" ~ Cicero
Imagine all the people
A daytrader can realistically pull $50,000 a day out of the emini S&P.
Imagine if we had 50 ( $2,500,000 ) or 100 ( $5,000,000 ) unified daytraders working 3 days a week.
$30,000,000 to $60,000,000 a month.
Could we do some damage to the staus quo? The two party, false paradigm would be history by the next election cycle.
"Committed To The Eradication Of Poverty Among Patriots"