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Silver price manipulation 2008 - 11/11/2008 12:14:21 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		As you know the Hunt brothers cornered the silver market years ago.  I am bullish on Silver, and pay attention to SLV which is an exchange traded fund which holds silver.   Mining could be profitable, but some mining companies will fail due to the mortgage mess.

Tho- the spread ratio to silver per gold is way off. Some say the gold market is manipulated.  But if things get bad what will the man in the street use?   Silver, not gold.  He cant afford it.

Inflation even at the silly rate the fed says is 5.8%  if you go by the Soc Sec cola.

So inflation is upon us.

Think about how banks  do not have the funds in the vault- even tho the fees have increased.  Take the fees and how the lower interest rate  is not passed along.  Then think of credit card interest.   So now banks do not have said funds in the vault. Could this happen to the company that is holding you silver reserve?  Note too that safe deposit boxes wont allow silver to be taken out of them in a national emergency, HUH?

The article says silver with out JP Morgans meddling, would be $50- $100 an ounce right now.  Thats is startling!  Lets not forget mines put out 70% less, and the spread to spot has been at very high levels.

So SLV hovers around $10 a share close to resemble the price per ounce.   Down from $20 since the bail out. Oh YOU paid for the JP Morgan to do this.  All major prez candidates voted FOR the bail out. And in fact- now want another bail out.

Silver is down today, but I would not hold my breath.

Soon I will be selling silver 1 ounce rounds,  that I will price better then stores/ebay.  Enough to have a small mark up, but a better deal that a store front offers.

http://www.gata.org/node/6860

At $10 an ounce, some say $200 is possible.  But now this article claims it could be $50-$100 NOW.  had the bail out not occurred.

In the past 6 weeks the money supply has doubled.   So what will that mean for prices once it gets thru the pipeline?

Drop me an email if you wish to be on the list to buy some.  I have a truckload coming.  



(

< Message edited by pahunkboy -- 11/11/2008 12:25:44 PM >
Profile   Post #: 1
RE: Silver price manipulation 2008 - 11/11/2008 12:21:35 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Only buy silver right now if you can get it cheap. It's going to take an upsurge in the world ecomony to create the demand needed for any real growth. It will happen, but if you buy it now all you are doing is hedging inflation. The real gains come later. Right now I think real estate is the prime pickings.

T

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RE: Silver price manipulation 2008 - 11/11/2008 2:42:36 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		real estate is good- but that can be bought to live in- or consume.

if one already owns a house then a 2nd house doesn't seem like a good idea.   ohhhhhhhhhhhhh-  cheap town in this county.  lost population,  one can get a house there for like 6k.   but now it is considering option up to include bankruptcy.  guess who will be the shortfall?   the people who own AND rent in that town.  so cheap housing in this case is about to get intensely more expensive.

the time   fRame on silver is 2 yeARS.  

I wonder  what the Patriot act would do to a Rosa Parks stunt.

Silver could in fact collapse to $5 AN OUNCE.

but not to be fooled.  the money supply doubled in 6 weeks time.  the national debt went up by amounts we dont know yet.

it wont be so much that silver goes up, but the dollar goes down. 

(in reply to Termyn8or)
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RE: Silver price manipulation 2008 - 11/11/2008 3:45:06 PM   
Aneirin


Posts: 6121
Joined: 3/18/2006
From: Tamaris
Status: offline 		I am at college doing silversmithing, except, the college has no silver, they can't afford it, so we have to beat copper instead. At least clay is cheap, so I will concentrate on that for now.

_____________________________

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RE: Silver price manipulation 2008 - 11/11/2008 4:07:08 PM   
Musicmystery


Posts: 30259
Joined: 3/14/2005
Status: offline
quote:

ORIGINAL: pahunkboy

As you know the Hunt brothers cornered the silver market years ago.  I am bullish on Silver, and pay attention to SLV which is an exchange traded fund which holds silver.   Mining could be profitable, but some mining companies will fail due to the mortgage mess.

Tho- the spread ratio to silver per gold is way off. Some say the gold market is manipulated.  But if things get bad what will the man in the street use?   Silver, not gold.  He cant afford it.

Inflation even at the silly rate the fed says is 5.8%  if you go by the Soc Sec cola.

So inflation is upon us.

Think about how banks  do not have the funds in the vault- even tho the fees have increased.  Take the fees and how the lower interest rate  is not passed along.  Then think of credit card interest.   So now banks do not have said funds in the vault. Could this happen to the company that is holding you silver reserve?  Note too that safe deposit boxes wont allow silver to be taken out of them in a national emergency, HUH?

The article says silver with out JP Morgans meddling, would be $50- $100 an ounce right now.  Thats is startling!  Lets not forget mines put out 70% less, and the spread to spot has been at very high levels.

So SLV hovers around $10 a share close to resemble the price per ounce.   Down from $20 since the bail out. Oh YOU paid for the JP Morgan to do this.  All major prez candidates voted FOR the bail out. And in fact- now want another bail out.

Silver is down today, but I would not hold my breath.

Soon I will be selling silver 1 ounce rounds,  that I will price better then stores/ebay.  Enough to have a small mark up, but a better deal that a store front offers.

http://www.gata.org/node/6860

At $10 an ounce, some say $200 is possible.  But now this article claims it could be $50-$100 NOW.  had the bail out not occurred.

In the past 6 weeks the money supply has doubled.   So what will that mean for prices once it gets thru the pipeline?

Drop me an email if you wish to be on the list to buy some.  I have a truckload coming.  



(


Since you're selling, shouldn't this be in the Marketplace forum?

(in reply to pahunkboy)
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RE: Silver price manipulation 2008 - 11/11/2008 6:58:06 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		I should have mentioned delivery is 6-10 weeks.

Nothing exists to sell from myself as of today.    In the meantime peak around.   10$ spot is not what rounds cost real time.  Im sorry if it sounded vendorish.   I am curiuos as to what others think on the topic.

There is a huge disconnect in silver in hand vs silver on the books.  surely the book keeping is in order.

the system is not set up for easy silver.  many dealers have a minuman of 100 or 1000 ounces.  then the wait time, the method of payment. it all is quite new to someone unfamiliar with it.

the intent of the post   was to compare notes on precious metals... not to sell ...    


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RE: Silver price manipulation 2008 - 11/11/2008 7:38:12 PM   
corysub


Posts: 1492
Joined: 1/1/2004
Status: offline 		I think I would rather be a buyer of gold here in the low $700 range it is currently selling. Silver is a great metal but half the world outside of the U.S. really believes in gold. 

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RE: Silver price manipulation 2008 - 11/11/2008 11:22:54 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		cory, yes but there is another factor. Alot of gold is used for jewelry, not in industry and they are producing plenty. Silver is not mined and produced as much as gold, and keeps finding new uses in industry. (and people who know technology anticipate more demand in the future)

For example you can get near $200 for some catalytic convertors off of cars, and that is why people are stealing them. It is that much because they have platinum in them, which costs an average of a bit over a thousand times the cost of silver. The new ones use silver.

That is only one aspect of it, and I am not even going into the electronics industry now, it would take too long. But the net result is that there will come a time when silver is in greater demand, and I think we are only looking at a couple of years. Maybe a little more. But between the production level and the usage, it is only a matter of time.

We are talking a MINIMUM of two years before one could concievably retire confortably of course. But if you can get a deal on it, below market, you might have a nice hedge as long as you don't use the rent money to get it. There are also places that sell, for example Swiss Helveticas (sp) for a few percent under melt. How and why I am not sure but that's what they say. If you can get that deal it might be good, just don't look for short term gains.

Facts are facts though, they are not producing enough silver to meet the demand, and I don't know where it's coming from unless it used to be the Hunt brothers' stash. The fact still remains that it will run out unless more mines are opened.

As far as investments go, what's the difference if you buy a grand worth of gold or a grand worth of silver ? You might get a hair over an ounce of gold, but something like a pound of silver. The only problem I can see is storage if you buy the real thing, rather than buying it on paper. I think nowadays I would prefer the real thing after what has been going on. I can get a bigger safe if necessary.

T

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RE: Silver price manipulation 2008 - 11/11/2008 11:34:18 PM   
ElectraGlide


Posts: 1246
Joined: 11/25/2005
From: Maryland
Status: offline 		There is lots of Silver hoarded in peoples private coin collections. I metal detected 2 silver quarters and 2 silver dimes last week. I never understood why old silver coins are valued so low, I guess the demand for them is not high. Many old silver coins were melted down when silver prices got high in the past.

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www.starhillcreations.com

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RE: Silver price manipulation 2008 - 11/12/2008 7:09:34 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		I got a silver nickel in my change last week.  Yay!!   (aldis)

The US will bankrupt in the summer of 2009.

And I pretty much have put the rent money on silver,  well- credit card money that rate is 10%.

No one really knows what the economy will bring.  I thought if I bought $2500 of it, and suppose it increases to $100, (estimate is $200)  then that is 25k which would pay off the house.
so figure 20% to rent the money for 2 years.

Tho- before going up, silver could drop to $5 an ounce.  But at $10, to drop 1/2 is this any riskier then a mutual fund?  no.

I dont know why some say to pay off all debt.  My house can be taken if I miss payments on it.  But if I miss a payment(s) on credit card, it is all the harder to take a house for that. 

if there is a monetary crises and they expect debts to not be repaid, then why disappoint them?   ;-0
I suggest browsing what real silver costs, one has to see the mark ups.  I have not find anywhere to buy real silver at spot.  The realer it is the pricier.  So what does that say?  

If sellers mark it up more % then they ever have before- that tells me it is selling.  If it was not selling- the vendors would not have the highest mark up --they would compete with the others to  move the product,

:un ch in silver rounds on ebay and look.   http://www.ebay.com

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RE: Silver price manipulation 2008 - 11/12/2008 7:18:31 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Term, one needs a ton of cash for a gold stache.

As to storage, at least a metal wont grow moldy like some cash I hid did. lol.

if you trade it fro groceries- what is preferable to trade. gold or silver?     the other person may not have change.  sorta like the pizza delivery guy- give him a 20 for a 12 order not having change.

Part of the gold silver question is plausible.    But measure the historic price gold to silver ratio.   in other words if gold now 80x the price of silver when the historic record is what, 60x ?  then one or the other or both are artificial.

When browsing pay close attention to what is sold out.

On coins one pays extra for the fact that it was minted.  one also pays more for smaller denominations.  a 100 ounce vs 10 vs 1.   coins also in 90% ARE 7.1 OUNCE.  that doesn't get into troy ounce vs ounce ounce.

What silver mine do you like?

I should unload $2 of wheat pennies I have.  it would take alot of those to trade for a hamburger

< Message edited by pahunkboy -- 11/12/2008 7:19:29 AM >

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RE: Silver price manipulation 2008 - 11/12/2008 7:30:27 AM   
HunterS


Posts: 553
Joined: 10/21/2008
Status: offline
quote:

ORIGINAL: Aneirin

I am at college doing silversmithing, except, the college has no silver, they can't afford it, so we have to beat copper instead. At least clay is cheap, so I will concentrate on that for now.


with silver below $10 an ounce what is stopping you from buying all that you need?
 
H.

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RE: Silver price manipulation 2008 - 11/12/2008 9:41:47 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: Termyn8or

Only buy silver right now if you can get it cheap. It's going to take an upsurge in the world ecomony to create the demand needed for any real growth. It will happen, but if you buy it now all you are doing is hedging inflation. The real gains come later. Right now I think real estate is the prime pickings.

T


silver's 9 bucks an ounce. seeing as how there was a time when silver was 70 an ounce...it's cheap.

and an upsurge in the world economy would not creat the demand for any precious metal...if anything, that would have the opposite effect. there's more of a demand for commodities when smart people realize the threats of inflation to their savings and they start getting out of cash and into something that's actually valuable.

and yes, I wish I had enough money to buy property right now...but I don't.

p.s. gold's at 719 an ounce. if you take any of my advice, pick up gold now. oh, and cross your fingers it doesn't become illegal for american citizens to have gold (like it was under fdr - when he stole american's gold).


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all the good ones are collared or lesbians.

or old.

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RE: Silver price manipulation 2008 - 11/12/2008 9:47:29 AM   
variation30


Posts: 1190
Joined: 12/1/2007
From: Alabama
Status: offline
quote:

ORIGINAL: Termyn8or

For example you can get near $200 for some catalytic convertors off of cars, and that is why people are stealing them. It is that much because they have platinum in them, which costs an average of a bit over a thousand times the cost of silver.


um...platinum is in the 800's. silver is 9. might wanna redo that math.

but yeah, you can get cash for catalytic convertors. I don't know where you can get 200 dollars for one, though.


_____________________________

all the good ones are collared or lesbians.

or old.

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RE: Silver price manipulation 2008 - 11/12/2008 5:52:59 PM   
Termyn8or


Posts: 18681
Joined: 11/12/2005
Status: offline 		Yes, those figures are a bit old. I just find it hard to believe they went down.

T

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RE: Silver price manipulation 2008 - 11/19/2008 2:42:33 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		http://www.coinflation.com/   --  $100 of nickles will still be $50 of there is a currency collapse.

pennies older then 1982 would hold all of their value.     the other melt values would be better then paper- but not too much. In Germany 1922, hyper inflation, some burned cash as it was cheaper then fire wood.   Im guessing the trade value of $1 , at 10 cents on the dollar.   so 10$ would get you 1 Amero dollar.   If that sounds alarmist- consider that we have had 11 bail outs in 2008.

ANy other ideas?

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RE: Silver price manipulation 2008 - 11/19/2008 2:55:29 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		   check out these mark ups.   //    http://www.gata.org/node/6898,   check the chart this guy made up.   60% mark ups?   no way is that accurate-more to the point, the paper market is fixed.   thats why these mark ups are so high.   watching ebay too, just about any I look at - sell.
24hGold devises trackers for real prices of gold and silver Submitted by cpowell on Wed, 2008-11-19 20:55. Section: Daily Dispatches By Eric Lemaire
Editor, 24hGold.com
Wednesday, November 19, 2008 Many of us precious metals watchers have been trying to find a way to apprehend the real price of gold and silver, the one us peons need to pay when we want to get our hands on the real thing. The only worldwide non-Comex public pricing system is Ebay, so I have been working on the subject for quite a while to find a way to extract the price of gold and silver out of eBay. Thus I have the honour to present you today 24hGold's two new pages: Gold on eBay, U.S. and Worldwide: http://www.24hgold.com/english/buy_sell_gold_coins.aspx?co_id=0 And silver on eBay, U.S. and Worldwide: http://www.24hgold.com/english/buy_sell_silver_coins.aspx?co_id=0  /   





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RE: Silver price manipulation 2008 - 11/20/2008 5:04:53 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		    In a stunning new development, the Dubai Multi-Commodities Center is now putting the finishing touches on the formation of an exchange traded fund for silver with a launch likely next month as demand for silver has surged in the past six months/ snip

http://news.goldseek.com/InternationalForecaster/1227165300.php


Dubai?    isnt that convenient

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RE: Silver price manipulation 2008 - 11/21/2008 6:36:05 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Holy cow- gold up $26.20 this minute- silver up too.

BTW-  I heard on NPR metals needed for batteries...nickle.   save all your nickels they will have value more so then the dollar!

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RE: Silver price manipulation 2008 - 11/21/2008 11:03:18 AM   
LaTigresse


Posts: 26123
Joined: 1/15/2006
Status: offline 		Soooooo, given the stock market and banks being what they are now......my collection of bling isn't looking like a bad investment after all.

_____________________________

My twisted, self deprecating, sense of humour, finds alot to laugh about, in your lack of one!

Just because you are well educated, articulate, and can use big, fancy words, properly........does not mean you are right!

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