patrick.net

NuttBoxer says

Just an FYI, any manipulation like this will cause spot prices to de-couple from actual physical prices.

They are already decoupled. Right now, silver is... $26.41. At https://www.apmex.com ~ $31.50 is the lowest price I can find per ounce - that's for a bar that is 50.18 troy ounces.

https://www.apmex.com/category/25685/silver-bars-other-sizes?sortby=pricedesc

That's for some WEIRD bar that nobody wants, which is only going to be used to meltdown.

You may ask "why don't you just buy from Comex and arrange pick up? What? Are you stupid to buy from a 3rd party or something?" - Try buying from an exchange. You'll have to buy something like 5000 ounces, and then you'll be put through hoops to pick it up. Nobody I know has been able to do it.

richwicks says

Nobody I know has been able to do it.

My close associate stood for delivery a few years ago. It was an UNBELIEVABLY cumbersome process.

Why not buy silver coins? Sure there’s a minting markup but you’d have an asset that is very spendable in a pinch.

https://www.moneymetals.com/buy/silver/coins?src=gads&utm_source=bing&utm_medium=cpc&utm_campaign=MME-eComm-Search-Silver&utm_term=silver%20coins%20for%20sale&utm_content=Sale%20Coins

Robert Sproul says

richwicks says

Nobody I know has been able to do it.

My close associate stood for delivery a few years ago. It was an UNBELIEVABLY cumbersome process.

I'm impressed. I know they do everything they can to discourage you. You have to buy through particular brokers as well for it to be even possible I've heard. Another issue is they require you to use security (you can't drive by and throw it in your truck - you need to hire a 3rd party to deliver it). All sorts of bullshit.

Shaman says

Why not buy silver coins? Sure there’s a minting markup but you’d have an asset that is very spendable in a pinch.

Because, the point is to bankrupt the system more than anything else. Deplete the system of the physical assets. We know they lie about the actual assets, just not how much.

JP Morgan for decades was charging storage fees for bars they never bought. Fuck the banks and destroy them. I know it will cause chaos, but for future generations, we collectively need to nail these assholes to the floor.

richwicks says

they do everything they can to discourage you. You have to buy through particular brokers

It was quite an adventure.
The broker was MF Global and they acted like delivery was something that had never happened before.
Transport was part of the headache and expense, he had it delivered to Sunshine Mint and struck into coins.
Oh, and he got his delivery just months before MF blew up and made-man Corzine took it on the lam.
The paper markets are a total sham enterprise, part of the corrupted rackets that need to be brought down.

Robert Sproul says

The broker was MF Global

Mother Fucking Global? That's the company that John Corzine fucked in the ass, mouth, nose, ear, and a 6 knife wounds. He's lucky he was able to get delivery instead of having his investment just outright stolen. Corzine helped write the Sarbanes-Oxley Act, he was guilty of violating it! What a fucking asshole.

Robert Sproul says

The paper markets are a total sham enterprise, part of the corrupted rackets that need to be brought down.

Anybody that has been following the PM market know this. This has been going on for 40 years. Just more people are becoming aware of it. If everybody was aware of it, the system evaporates.

richwicks says

They are already decoupled. Right now, silver is... $26.41. At https://www.apmex.com ~ $31.50 is the lowest price I can find per ounce - that's for a bar that is 50.18 troy ounces.

Be careful who you buy from. I've done business with this guy a few times, always got exactly what I ordered:
https://the-moneychanger.com/answers/how_do_i_buy_sell

FYI, he recently said they are again seeing delays in shipping of around one month. People don't even know how little physical gold and silver is out there.

Ahhh, Corzine. Never has there been a better use of the Justice Department. Billions of dollars were taken out of customer accounts, nobody went to jail, the perps got Christmas bonuses (I'm not kidding) during the reconciliation, but they did make Corzine give up some of his personal money. Not all of the money he scammed, but some of it.

I think I saw a picture of the investigating agents...I thought I saw banker jizz on their chins.

richwicks says

Shaman says

Why not buy silver coins? Sure there’s a minting markup but you’d have an asset that is very spendable in a pinch.

Because, the point is to bankrupt the system more than anything else. Deplete the system of the physical assets. We know they lie about the actual assets, just not how much.

Call around to local coin and pawn shops. Ask them what they have and how much they want for it. Their business is to buy and sell. They will sell you as much as they have and buy from you as much as you got.

I have not been to a coin or pawn shop for a while. Some are honest. Caveat emptor! You should pay a premium when you buy.

I looked up silver's spot price on kitco.com and it's a little more than $26. They will sell you a one ounce coin for a little over $30.

Expect the same price from your coin or pawn shop. If they try to charge you significantly more. Walk away.

If every American bought ten ounces the system would collapse. I might try calling my local coin shop to see what they have.

Just curious...my grandfather passed away three decades ago and was a stamp and coin collector. I don’t think most of it actually has collectible value but I do know he squirled away every actual silver coin he came across(pre 1955?). My parents have it al...I weighed it out and it was a lot...maybe 35 pounds or so.

How much of a hit off spot do you take selling something like that? It’s not getting sold...my mom still has it and has no interest or need in selling it. But I am curious.

FuckTheMainstreamMedia says

How much of a hit off spot do you take selling something like that? It’s not getting sold...my mom still has it and has no interest or need in selling it. But I am curious.

First it depends on if dealers are going off spot. They usually are, but a run in paper will completely disconnect spot from physical. Same if physical is in short supply, price will disconnect, but the other direction. Second remember all that weight is not pure silver. If the coins are common, shouldn't be hard to look up the real silver weight. Final projections I've heard are over $100/oz, but that's at peak, which should be sometime in the next few years(will coincide with financial collapse).

richwicks says

Because, the point is to bankrupt the system more than anything else. Deplete the system of the physical assets. We know they lie about the actual assets, just not how much.

I think buying silver coins qualifies towards that goal. If the coin manufacturer/distributor sells more coins, it needs to buy more silver bars to use for minting new coins. And they are the ones who have to jump through the hoops to get the bars, and they’ll have the experience and the stroke to do it in quantity. If a million Americans bought 16 1oz. Coins, that would be 454.5 METRIC TONS (equivalent weight of an aircraft carrier) of silver that was “used up” to sit in lock boxes and safes across the country.

NuttBoxer says

Be careful who you buy from.

WALMART!
https://www.walmart.com/browse/jewelry/precious-metals/3891_4718514?cat_id=3891_4718514_7871360_7916843

They even have Trumpmore silver bars.

So. The silver market opens in 3 hours.

I did a quick search, "Silver for sale" and there is not a lot of product available.
https://www.jmbullion.com/silver/silver-coins/american-silver-eagles/all-american-silver-eagles/
https://www.jmbullion.com/search/?q=#/?_=1&filter.instock.low=1&filter.instock.high=1&page=1&resultsPerPage=60&filter.metal_type=Silver&sort.price=asc
It looks like an ounce of silver is around $50. If you can find one. The paper price is currently $27.

FuckTheMainstreamMedia says

Just curious...my grandfather passed away three decades ago and was a stamp and coin collector. I don’t think most of it actually has collectible value but I do know he squirled away every actual silver coin he came across(pre 1955?). My parents have it al...I weighed it out and it was a lot...maybe 35 pounds or so.

How much of a hit off spot do you take selling something like that? It’s not getting sold...my mom still has it and has no interest or need in selling it. But I am curious.

A silver coin has 0.715 ounces for every dollar in the silver coinage. So if you have 10 silver dimes, or 4 silver quarters - that's the same weight. 0.715 ounces of silver in 4 quarters or 10 times.

And it was 1964 that the US went to clad coins.

I'd say (guessing here - you need to double check) you have around 30 lbs of silver which works out to around 500 ounces - so about 15 grand worth of coins at current market rates. I would NOT suggest you sell though. If you want to sell it though, I will buy it.

It's also quite possible that some of those coins are worth quite a bit more than the silver content as well but you'd have to go through and categorize them and learn about coin collecting.

I have 10,000 oz of silver buried somewhere.

porkchopexpress says

I have 10,000 oz of silver buried somewhere.

I think all those hip hop stars dug it up to use in their "grills."

porkchopexpress says

I have 10,000 oz of silver buried somewhere.

If true, you shouldn't ever admit it. Makes you a target.

richwicks says

It's also quite possible that some of those coins are worth quite a bit more than the silver content as well but you'd have to go through and categorize them and learn about coin collecting.

Just keep in mind, at market peak, all premiums disappear. No one will give a fuck what coin you have, only how much silver is in it.

Metals are used to hedge against just inflation. As an investment it's a loosing proposition. What I see is a broken clock which is correct twice a day.

Blue says

Metals are used to hedge against just inflation.

Some of us call them the only real money in existence.

Silver periodically spikes but it will go back down.

RC2006 says

Silver periodically spikes but it will go back down.

But maybe the future won't be like the past.

Patrick says

But maybe the future won't be like the past.

it won't be but it will rhyme.

Silver is undervalued. It spiked to $50 an ounce over 40 years ago and its price has supposedly been manipulated ever since. I suspect the price will pass $50 an ounce for metal in your hand soon, maybe a lot more.

Or not.

But silver does tend to spike up and then go way down. I suspect this is because a lot of hoarders have their price that they will sell, a lot of cash and metal trade hands, and into the new vault it goes.

But it very well may be different this time. Silver is a precious metal and we have been using it for deodorant.

Onvacation says

Hasn't this guy been proven incorrect? Why is silver falling?

GlocknLoad says

Hasn't this guy been proven incorrect?

I am not sure who he is but if every body bought silver it would crash the "paper" market.

Don't know the person but like the idea. That is one of the cool things about an anonymous forum. That and we can say fuck with no repercussions.

GlocknLoad says

Hasn't this guy been proven incorrect? Why is silver falling?

Because the precious metals markets are the absolutely most corrupt in the world.

The US government CAN'T allow 1 billion ounces to be purchased by individuals in a year. If that happened, it bankrupts the entire country.

So, this is what will happen:

Silver will become unavailable for retail investors. Silver will be rationed for manufacturers. There will be months, maybe YEARS of propaganda along the lines of "Oh, there's PLENTY of silver, just not in 1 ounce and small bar form. You're CRAZY to think there might be a shortage" and the mints will claim that the only thing that prevents them from manufacturing more coins is because of "unprecedented demand".

This has already happened before. The same sort of crap was pulled with the London gold pool.

Spot prices can be moved from whatever it is now to $5.00 to $500 - it's wherever they want to take. It's a completely fraudulent market.

It's always been fraudulent, and the advice for years has been, just keep acquiring at a fixed below free market price. Right now, the bullion dealers are completely cleared out of small rounds and bars. In happened over the weekend. It's never happened that quick. There are still large 100 oz bars available but that's it.

But even if they fix the price below market, the bullion dealers will be buying, taking delivery, and minting them into small rounds for the public. Right now, they are selling for an $8 premium above spot. That's unheard of. The largest I've ever seen was $4.

If retail continually purchases, the game would eventually be up. But that being said, they can't continually fix it too low. If they could, it would still be at $5 like it was in 2000.

richwicks says

GlocknLoad says

Hasn't this guy been proven incorrect? Why is silver falling?

Because the precious metals markets are the absolutely most corrupt in the world.

The US government CAN'T allow 1 billion ounces to be purchased by individuals in a year. If that happened, it bankrupts the entire country.

So, this is what will happen:

Silver will become unavailable for retail investors. Silver will be rationed for manufacturers. There will be months, maybe YEARS of propaganda along the lines of "Oh, there's PLENTY of silver, just not in 1 ounce and small bar form. You're CRAZY to think there might be a shortage" and the mints will claim that the only thing that prevents them from manufacturing more coins is because of "unprecedented demand".

This has already happened before. The same sort of crap was pulled with the London gold pool.

Spot prices can be moved from w...

I find all of this fascinating because I can’t seem to wrap my head around the whole scam. Tell me if I am close….

There are 2 silver prices 1) physical and 2) paper. Paper is a claim on a # of ounces. Paper is traded all the live long day with a teeny tiny, if not ZERO, delivery of physical. This allows more ounces to be traded than actually exists.

5 questions.
1) What is to stop the controllers of physical to simply make it extremely difficult (I understand it already is but they could increase the difficulty) and EXPENSIVE for someone to take delivery? This could be a way for them to stay solvent…by simply passing their losses to those who want delivery by increasing the costs of delivery.
2) How does the Monkey Hammering happen? What, exactly, are the controllers doing to push the price down?
3) When they push the price down, they are only pushing down the price of paper silver, correct?
4) What other avenue (I assume PM dealers) does the retail investor have to buy AND sell silver at the true price?
5) Do the controllers even recognize as fact the real price of PMs? I assume no.

theoakman says

But even if they fix the price below market, the bullion dealers will be buying, taking delivery, and minting them into small rounds for the public.

No, they won't. There will just be a shortage. This has happened multiple times.

theoakman says

If retail continually purchases, the game would eventually be up.

Retail will not be allowed to purchase continually. There will just be no product or even making sales illegal.

The price will have to go way way up before they ever resorted to making it illegal. There is money to be made here.

theoakman says

The price will have to go way way up before they ever resorted to making it illegal. There is money to be made here.

You have to stop thinking in terms of "money" - it's not money that they are competing for - it's currency. "Currency" is for the little people.

The Federal Reserve can print up as much "currency" as they wish - they can, have, and do. They are the ones that run the country - who runs them? Dunno.

Remember, the Federal Reserve used to be a legitimate bank that gave out currency notes in exchange for $20 gold coins at 1:1. What they did was printed more currency notes than they had gold. They went bankrupt in 1933, so they just stopped exchanging currency notes for gold. They went bankrupt again by 1971 when they couldn't even redeem the currency notes for the gold coins (repriced to $35 an ounce after 1933) to foreigners.

1971-1933 = 38
1971+38 = 2009

When was our last major crisis? 2007 and 2008?

2009+40 = 2049 - that's around the latest date the shit hits the fan and they are going to do EVERYTHING to forestall it.

They are pushing for communism because in that system, nobody owns anything. We will own nothing and be happy. Well, you can forget the happy part, but we're going to be pushed to own nothing. Rent everything.

richwicks says

They are pushing for communism because in that system, nobody owns anything. We will own nothing and be happy. Well, you can forget the happy part, but we're going to be pushed to own nothing. Rent everything.

So the goal is to join the Big Club before 2049 arrives? How...$$$$$$?

GlocknLoad says

So the goal is to join the Big Club before 2049 arrives? How...$$$$$$?

It's not a big club. It's a very small one, and it's exclusive and you have to be born into it.


https://www.bitchute.com/video/Jo3RBmQrm7ne/

That's the real situation. The reason we don't murder these few people, is 1) they have a lot of useful idiots backing them up 2) we're too fucking nice.

But they'll murder us.

The paper price of silver is disconnecting from physical.

https://www.kitco.com/charts/livesilver.html

If you actually want to buy physical silver it starts around $32/ ounce, if you can find it.
https://online.kitco.com/silver?utm_source=kitco.com&utm_medium=referral&utm_content=submenu-buy-silver&utm_campaign=2017-03-23_kitcoweb

GlocknLoad says

1) What is to stop the controllers of physical to simply make it extremely difficult (I understand it already is but they could increase the difficulty) and EXPENSIVE for someone to take delivery? This could be a way for them to stay solvent…by simply passing their losses to those who want delivery by increasing the costs of delivery.

Nothing. They do this all the time.

GlocknLoad says

2) How does the Monkey Hammering happen? What, exactly, are the controllers doing to push the price down?

Options trading. Often the price of the PM's are driven down in the middle of the night when there's light trading. The banks can do naked shorting, this means they are shorting the commodity without putting up any money to do it. They are massive banks after all and when they fail, they get a tax payer funded bailout.

GlocknLoad says

3) When they push the price down, they are only pushing down the price of paper silver, correct?

More or less. You get high premiums. MOST online places will only pay spot if you sell, but not all. Premiums of $10 an ounce isn't uncommon. It doesn't usually stay that divergent for long. Generally what happens is that silver gets smashed in a few weeks, banks try to cover their short positions, and everybody is buying something that tracks the price of silver for that brief interval.

GlocknLoad says

4) What other avenue (I assume PM dealers) does the retail investor have to buy AND sell silver at the true price?

eBay? Not much. Coin dealers can setup a direct purchase and sale between people, if you're friendly with the dealer. The seller gets a better price, you get a better price, and the coin dealer doesn't have to do any shipping.

GlocknLoad says

5) Do the controllers even recognize as fact the real price of PMs? I assume no.

They know it will blow up at some point, they just keep staving it off. WHEN it blows up, it's going to blow up.

Our banks are just fraud organizations. The dollar used to be $20 for approximately (a little less) an ounce of gold. Then the Fed created more dollars than gold to back it up - this is counterfeiting. This game went on fro 1913 to around 1933 then FDR made it illegal for AMERICANS to own gold, then revalued gold to $35 an ounce. This game went on until 1971 when the Fed continued to counterfeit MORE money. The London gold pool was setup in an attempt to keep gold down, but foreigners kept on exchanging their toilet paper for gold. It collapsed in the late 1960's.

In 1971, the Nixon Shock happened - where the US "temporarily" suspended gold convertibility.

Officially gold is still $35 an ounce.

They're doing the same thing with silver but it's more opaque, however, it's more obvious too.

15 years ago I thought "surely the government wouldn't allow THIS?" - like allowing the coin and bar market to just dry up, or allow companies to just outright steal (Hannes Tulving did this) - the government doesn't prosecute any criminality at all in the PM area. None. They want to keep the price down, because dollars are worthless.

If you buy PMs, you buy them, and sit on them, and forget them. It's not like a stock and once you feel real money, it's kind of addictive. Holding a gold St. Gaudens is an experience. It way more heavy than you expect, and you're holding about $1.8 grand today. Felt the same way when I was holding one at $450.

richwicks says

GlocknLoad says

1) What is to stop the controllers of physical to simply make it extremely difficult (I understand it already is but they could increase the difficulty) and EXPENSIVE for someone to take delivery? This could be a way for them to stay solvent…by simply passing their losses to those who want delivery by increasing the costs of delivery.

Nothing. They do this all the time.

GlocknLoad says

2) How does the Monkey Hammering happen? What, exactly, are the controllers doing to push the price down?

Options trading. Often the price of the PM's are driven down in the middle of the night when there's light trading. The banks can do naked shorting, this means they are shorting the commodity without putting up any money to do it. They are massive banks after all and when they fail, they get a t...

Thank you for the time it took you to respond. I do truly appreciate your effort.

Btw, what is your vocation?