Silver Spikes and Power Struggles
goingbroke
Posts: 1,410
The word is out amongst large investors on the street to avoid buying silver or be made an example of. There is one thing common amongst billionaires - they all have a lot to lose and must maintain a co-existence with governments and bankers. SILVER
Many successful BST transactions ajia
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
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Comments
I just keep on adding to the stack with the same money others put in Stocks or Mutual Funds.
Funny how you don't read nearly the same amount of ink talking about what a risk that has been in tha face of huge sell offs and out right proof of insider
manipulation.
The only real fear I have is not Silver dropping to $5 an Oz, (that will just allow my paper to buy that much more metal). Its
more the discovery of a vast vein of the stuff that Comstocks the playing field.
Loves me some shiny!
The wealth for the 21st centruy is going from West to East just like we did to Europe in the 20th century. They have cheap labor we can't get any longer. Forget the illegals they aren't cheap in the long run. When we made our move the cost of being a citizen was zero. Now with all the benefits it's very high.
Americans seem to always thing there way of thinking is the only way. The rest of the world which is the majority by a very large margin have seen fiat currencies go way south and out so they will have much more say than the 20 century of US control of the value of goods since they'll have the money.
The Hunts couldn't have been hurt by silver in the 1970's if they didn't buy on margin and just kept stacking physical at $4-$6/oz. Buying futures contracts on margin at $35/oz in late 1979 was lunacy. But they played the paper game and had little choice when the TPTB changed the rules 3 separate times and crushed them. How would investors today like it if tomorrow the govt said that stocks in 401k's could only be liquidated and no longer purchased? That's what finally did the Hunts in after margin requirements had been raised along with tighter total silver contract limits.
roadrunner
That's exactly right, tincup.
You make your bets and stay vigilant, because the rules WILL change. The rules change to suit the money men who can't compete on a level playing field, aka - GM, Chrysler, AIG, Fannie, Freddie, WaMu, Indybank, Goldman Sachs, JP Morgan Chase, Countrywide, Bank of America, Wells Fargo, Bear Stearns, Lehman Bros, Citibank, FDIC and the Federal Reserve private banking consortium. They've all been given a free pass, while the rest of us struggle.
It's the money men who buy & sell our politicians and it's the money men who call the shots. The financial reform bill didn't do a thing, and that should tell you something. It tells me that resources will continue to be siphoned off of the remaining economy and into the machine. The thing is unsustainable and the math is clear. When I ask myself, why? Why? I see the answers over in Spain. There is a class of people who simply insist on lavish lifestyles and will steal from anyone and everyone in order to get it.
Buy gold, reload.
I knew it would happen.
<< <i>Unfortunately TPTB can change the rules at any time that will affect us. Whether it is buying/selling on margin, stacking silver, selling precious metals, 401Ks, IRAs.... you name it. All one can do is make your bet as you see fit and hope it holds....
That's exactly right, tincup.
You make your bets and stay vigilant, because the rules WILL change. The rules change to suit the money men who can't compete on a level playing field, aka - GM, Chrysler, AIG, Fannie, Freddie, WaMu, Indybank, Goldman Sachs, JP Morgan Chase, Countrywide, Bank of America, Wells Fargo, Bear Stearns, Lehman Bros, Citibank, FDIC and the Federal Reserve private banking consortium. They've all been given a free pass, while the rest of us struggle.
It's the money men who buy & sell our politicians and it's the money men who call the shots. The financial reform bill didn't do a thing, and that should tell you something. It tells me that resources will continue to be siphoned off of the remaining economy and into the machine. The thing is unsustainable and the math is clear. When I ask myself, why? Why? I see the answers over in Spain. There is a class of people who simply insist on lavish lifestyles and will steal from anyone and everyone in order to get it.
Buy gold, reload. >>
potd
roadrunner
<< <i>Unfortunately TPTB can change the rules at any time that will affect us. Whether it is buying/selling on margin, stacking silver, selling precious metals, 401Ks, IRAs.... you name it. All one can do is make your bet as you see fit and hope it holds....
It's the money men who buy & sell our politicians and it's the money men who call the shots.
Boy ain't that the truth!
<< <i>The word is out amongst large investors on the street to avoid buying silver or be made an example of. There is one thing common amongst billionaires - they all have a lot to lose and must maintain a co-existence with governments and bankers. SILVER >>
"Silver has a history of undergoing massive spikes that look more like a heart rate chart than a stock or commodity chart."
The big boys will destroy anyone who tries to corner the silver market
but without government interference they are absolutely powerless
against tens of thousands of small investors who can see past the end
next week. They can short silver until the cows come home and keep
their foot on its throat but they can't run factories with paper and they
can't create silver out of thin air.
The next spike will make an echocardiogram look like slow motion.
Then the taxpayer will have to bail them out again and factories will
shut down because these criminals tried to milk a mummified cow.
So, it spikes pretty hard does it? Yikes!
Remember 1977, 1978, and 1979. Before a meaningful spike, I have to think that there will be a slow burn - and that's what we're seeing right now. The best analogy I've heard yet is still that of a pool of lighter fluid, waiting for the ignition source. Someone here provided that great visual for me. That's exactly what we've got with the successive injections of QE. Yeah, they like the term Quantitative Easing because nobody will catch on that they are talking about doubling the money supply and halving the value of your dollars. Euphemisms that are designed by government hacks to mislead the public, and if they say it often enough, it must be so.
I forget where I read it, but in Poland before the disintegration of the communist state, because of the oppression of free speech they couldn't complain outright. Near the end of the regime, Solidarity and the People began posting "2+2=4" all over the place in defiance of government propaganda and lies. I think that we are close to the same point of realization in the silver market and also as it relates to our government "apparatus".
The great thing about silver is that the price point is affordable for more people. As more people look for ways to protect themselves economically, silver will disappear faster. Not only will that cause physical bottlenecks and reveal whether or not there truly is a physical shortage, but it will stimulate the price and best of all, more people will be somewhat protected. The problem as I see it is that people buying into the market when it rises may or may not understand why it is inherently a smart thing to be doing. If they are simply chasing the price momentum, they are missing the point.
There is a story behind silver, and the story about price manipulation and physical shortages are every bit as important as any profits. The silver market represents a market that is trying to break free, and as such it represents a stand against the lies & deceipt that inhabits the market operators & regulators.
Think Poland. 2+2=4.
I knew it would happen.