fuzzywzhe's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/212592/comments http://seekingalpha.com/article/94020-jon-nadler-proves-precious-metals-manipulation?source=feed#comment-438858 438858 > understand trading silver basis.

Whatever.

I like how Nadler's reasoning for why you can't find silver coins at low prices contradicts his reasoning as to why you couldn't find silver coins at high prices.

He's like the Jim Cramer of precious metals. Blah blah blah blah blah is all I hear from him. It's not that he doesn't know what is going on, it's that he's just so freaking full of shit about what is going on and why. Cramers job is to influence the public not to inform them, same thing Nadler's job is.

Anybody that has gone through the agony of listening to either of these blowhards knows enough just to ignore them.]]> Tue, 24 Mar 2009 18:45:43 -0400 > understand trading silver basis.

Whatever.

I like how Nadler's reasoning for why you can't find silver coins at low prices contradicts his reasoning as to why you couldn't find silver coins at high prices.

He's like the Jim Cramer of precious metals. Blah blah blah blah blah is all I hear from him. It's not that he doesn't know what is going on, it's that he's just so freaking full of shit about what is going on and why. Cramers job is to influence the public not to inform them, same thing Nadler's job is.

Anybody that has gone through the agony of listening to either of these blowhards knows enough just to ignore them.]]> http://seekingalpha.com/article/59522-why-is-silver-so-cheap-why-is-gold-so-expensive?source=feed#comment-250925 250925
Through a good portion of history, that's what was drawn out of the ground, in respective percentages.

Furthermore, I dispute your claim of it's availability in the crust.

Last year, about 20,000 tonnes of silver were extracted from the ground (about 600,000,000 troy ounces) and 2500 tonnes of gold were produced (about 80,000,000 troy ounces). That ratio is 8.

In an entire year, enough silver is drawn out of the ground to give every American 2 ounces of silver, or at today's price, about $23.

So, indeed, why is it so cheap? In 1950 nearly every American had a least a few ounces of silver but then the government demonitized it and replaced it with steel, nickel, copper, later zinc.

]]> Wed, 10 Sep 2008 16:55:54 -0400
Through a good portion of history, that's what was drawn out of the ground, in respective percentages.

Furthermore, I dispute your claim of it's availability in the crust.

Last year, about 20,000 tonnes of silver were extracted from the ground (about 600,000,000 troy ounces) and 2500 tonnes of gold were produced (about 80,000,000 troy ounces). That ratio is 8.

In an entire year, enough silver is drawn out of the ground to give every American 2 ounces of silver, or at today's price, about $23.

So, indeed, why is it so cheap? In 1950 nearly every American had a least a few ounces of silver but then the government demonitized it and replaced it with steel, nickel, copper, later zinc.

]]> http://seekingalpha.com/article/94638-just-how-much-can-the-u-s-government-guarantee?source=feed#comment-249634 249634
The pound sterling was too.

You haven't looked at monetary history, have you? None of you dollar bulls are. So much the better.]]> Tue, 09 Sep 2008 14:57:35 -0400
The pound sterling was too.

You haven't looked at monetary history, have you? None of you dollar bulls are. So much the better.]]> http://seekingalpha.com/article/94638-just-how-much-can-the-u-s-government-guarantee?source=feed#comment-249627 249627
This is directly inflationary.

Think about it, if the government has taken over all this debt, and the only way that the government can guarantee that people don't default on their mortgages is to make their house worth "more", what will the government do?

This is a back door into causing inflation and yet the dollar is going up. I just love our goofy, and manipulated markets!]]> Tue, 09 Sep 2008 14:50:09 -0400
This is directly inflationary.

Think about it, if the government has taken over all this debt, and the only way that the government can guarantee that people don't default on their mortgages is to make their house worth "more", what will the government do?

This is a back door into causing inflation and yet the dollar is going up. I just love our goofy, and manipulated markets!]]> http://seekingalpha.com/article/94410-what-to-do-about-freddie-mac-and-fannie-mae?source=feed#comment-248549 248549
I bought ABK at 2.20 and sold at $5 doubling my money, but I won't buy FNM or FRE even at these levels. Although the bonds can't go to 0 now, the stock sure can, and the dollar can now as well.

Silver and Gold are ludicrously cheap. I think I'll buy those, if I can find anywhere on the planet I can buy them. But only tin foiled hat nut types think there can possibly be a shortage, or that the metals have been withdrawn from the market to prevent investment.]]> Mon, 08 Sep 2008 13:25:33 -0400
I bought ABK at 2.20 and sold at $5 doubling my money, but I won't buy FNM or FRE even at these levels. Although the bonds can't go to 0 now, the stock sure can, and the dollar can now as well.

Silver and Gold are ludicrously cheap. I think I'll buy those, if I can find anywhere on the planet I can buy them. But only tin foiled hat nut types think there can possibly be a shortage, or that the metals have been withdrawn from the market to prevent investment.]]> http://seekingalpha.com/article/94440-sell-side-analyst-on-fannie-a-history-of-being-wrong?source=feed#comment-248545 248545 Mon, 08 Sep 2008 13:20:30 -0400 http://seekingalpha.com/article/69687-looks-like-there-s-a-silver-shortage?source=feed#comment-248032 248032
The contract is 5000 ounces for one.

For another, most brokerages won't allow you to take physical delivery.

For another, is the Patriot Act which forces you to disclose to the IRS that you've made the purchase.]]> Mon, 08 Sep 2008 05:09:25 -0400
The contract is 5000 ounces for one.

For another, most brokerages won't allow you to take physical delivery.

For another, is the Patriot Act which forces you to disclose to the IRS that you've made the purchase.]]> http://seekingalpha.com/article/93067-is-this-the-death-of-gold-silver-stocks-part-ii?source=feed#comment-248022 248022
Abraham Lincoln's SOLE aim was to keep the South from withdrawing from the Union - something they were entirely entitled to do.

Abraham Lincoln initially supported a failed 13th amendment which would have guaranteed the right of the southern states to permanently allow slavery. This was the Crittendon Compromise. Lincoln in his inaugural address said he would support it.

Read his inaugural address:

www.bartleby.com/124/p...

He is *not* the man we were taught about. He put newspaper editors in jail for writing articles critical of him. He was a damned fascist although, after killing more Americans ever killed in a war through a Civil War, he did manage to eliminate slavery.

You don't learn anything in school about history, you learn propaganda.]]> Mon, 08 Sep 2008 04:47:55 -0400
Abraham Lincoln's SOLE aim was to keep the South from withdrawing from the Union - something they were entirely entitled to do.

Abraham Lincoln initially supported a failed 13th amendment which would have guaranteed the right of the southern states to permanently allow slavery. This was the Crittendon Compromise. Lincoln in his inaugural address said he would support it.

Read his inaugural address:

www.bartleby.com/124/p...

He is *not* the man we were taught about. He put newspaper editors in jail for writing articles critical of him. He was a damned fascist although, after killing more Americans ever killed in a war through a Civil War, he did manage to eliminate slavery.

You don't learn anything in school about history, you learn propaganda.]]> http://seekingalpha.com/article/93749-dichotomy-in-w-european-gold-and-silver-prices?source=feed#comment-247280 247280
Also, dealers don't keep stock other than small amounts. You'd know this if you ever bought gold or silver. When you go to a dealer to purchase a metal, they immediately call a broker, and make a deal with them for delivery.

I'd also like to point out that if every American just bought 1 ounce of silver in a year, that would be the entire years production of silver on the entire planet. It's an extremely rare metal, and people are starting to realize this.]]> Sun, 07 Sep 2008 06:51:09 -0400
Also, dealers don't keep stock other than small amounts. You'd know this if you ever bought gold or silver. When you go to a dealer to purchase a metal, they immediately call a broker, and make a deal with them for delivery.

I'd also like to point out that if every American just bought 1 ounce of silver in a year, that would be the entire years production of silver on the entire planet. It's an extremely rare metal, and people are starting to realize this.]]> http://seekingalpha.com/article/91345-gold-silver-and-the-great-unwind-no-conspiracies-here?source=feed#comment-245974 245974
"Pul-lease! ENOUGH of the "Gold is Money" claptrap!"

The US dollar is the longest lasting paper fiat monetary system that's every existed. You know how long that's been running?

Almost 40 years.

You know how long gold was a monetary standard before that?

5000.

So, which do you think is the aberration? People often make the classical mistake that whatever time they currently live in is the "normal" time. We're in an exceptional time. And exceptional time that won't last.

You know the saying that the majority is wrong when it comes to financial markets? What do the MAJORITY of people think about gold? Do they think it's money, or simply something tin foiled hat nutzos think will become money?

And for the record, the dollar has been tied to oil, which is why it has any worth at all. This was done by the Carter Doctrine and the Reagan Corollary. The US gave OPEC the uncontested right to exist, as long as they traded only in US dollars. This system started to break down when President Cuckoo Bananas and his predecessor started making threats to an OPEC nation - Iraq. Hussein started converting his country's economic surplus to euros. Of course, since the war, this has all been reversed.

Guess which other 2 OPEC countries have done this?

One is Iran, and the other is Venezuela. Of course, I'm "crazy" to think the US is threatening them because of their monetary decision, naturally it's really about nuclear weapons and communism, but we don't seem to have any problem with North Korea having nuclear weapons, or with China being communist - in fact, we let China buy as many Treasury bills as they want.

The biggest lies aren't hidden by conspiracy, they're hidden by incredulity. It's obvious what is going on, it's just so blatant, you can't believe it.]]> Fri, 05 Sep 2008 03:17:30 -0400
"Pul-lease! ENOUGH of the "Gold is Money" claptrap!"

The US dollar is the longest lasting paper fiat monetary system that's every existed. You know how long that's been running?

Almost 40 years.

You know how long gold was a monetary standard before that?

5000.

So, which do you think is the aberration? People often make the classical mistake that whatever time they currently live in is the "normal" time. We're in an exceptional time. And exceptional time that won't last.

You know the saying that the majority is wrong when it comes to financial markets? What do the MAJORITY of people think about gold? Do they think it's money, or simply something tin foiled hat nutzos think will become money?

And for the record, the dollar has been tied to oil, which is why it has any worth at all. This was done by the Carter Doctrine and the Reagan Corollary. The US gave OPEC the uncontested right to exist, as long as they traded only in US dollars. This system started to break down when President Cuckoo Bananas and his predecessor started making threats to an OPEC nation - Iraq. Hussein started converting his country's economic surplus to euros. Of course, since the war, this has all been reversed.

Guess which other 2 OPEC countries have done this?

One is Iran, and the other is Venezuela. Of course, I'm "crazy" to think the US is threatening them because of their monetary decision, naturally it's really about nuclear weapons and communism, but we don't seem to have any problem with North Korea having nuclear weapons, or with China being communist - in fact, we let China buy as many Treasury bills as they want.

The biggest lies aren't hidden by conspiracy, they're hidden by incredulity. It's obvious what is going on, it's just so blatant, you can't believe it.]]> http://seekingalpha.com/article/93744-precious-metals-manipulation-lawyers-prepare-for-battle?source=feed#comment-245811 245811
I remember Morgan Stanley's lawsuit. There's a PRIME example of an actual conspiracy that was uncovered. Morgan Stanley had been taking money from investors, claiming to have bought silver, and charging these investors for storage fees on silver they never bought.

And this went on for *DECADES*.

Nobody talked about it, it wasn't insiders that exposed it, it was an outsider that demanded to know what the serial numbers on his silver bars were who was prompted by Ted Butler to do so. When Morgan Stanley wasn't able to produce the serial numbers, this investor brought them to court.

There's a lot of conspiracy theories that are wrong, but they aren't all wrong.

When Butler wrote articles urging people to actually verify that 3rd parties were storing precious metals, he was called nuts, a conspiracy loony, everything in the book.

But he was right.

He might not be right about everything, but people who are dimissive about the possibility of dirty dealings are just 3rd party colluders. Dirty dealings happen all the time, and it's your duty to expose them.

There's a lot of people who believe Fort Knox doesn't have any gold left in the vaults - because there hasn't been an audit for 50 years. How do you know the government is telling the truth when they assure the public all the gold that was taken from citizens in the 1930's is still there?

Because you trust this government? This government that has lied us into war, that conducted operation Ajax and PBsuccess, that had the Tuskegee trials? That at one point was considering implementing Operation Northwoods, that lied about the Gulf of Tonkin incident?

I have to ask you naysayers, are you entirely ingorant of history, or are you just stupid?
]]> Thu, 04 Sep 2008 18:34:06 -0400
I remember Morgan Stanley's lawsuit. There's a PRIME example of an actual conspiracy that was uncovered. Morgan Stanley had been taking money from investors, claiming to have bought silver, and charging these investors for storage fees on silver they never bought.

And this went on for *DECADES*.

Nobody talked about it, it wasn't insiders that exposed it, it was an outsider that demanded to know what the serial numbers on his silver bars were who was prompted by Ted Butler to do so. When Morgan Stanley wasn't able to produce the serial numbers, this investor brought them to court.

There's a lot of conspiracy theories that are wrong, but they aren't all wrong.

When Butler wrote articles urging people to actually verify that 3rd parties were storing precious metals, he was called nuts, a conspiracy loony, everything in the book.

But he was right.

He might not be right about everything, but people who are dimissive about the possibility of dirty dealings are just 3rd party colluders. Dirty dealings happen all the time, and it's your duty to expose them.

There's a lot of people who believe Fort Knox doesn't have any gold left in the vaults - because there hasn't been an audit for 50 years. How do you know the government is telling the truth when they assure the public all the gold that was taken from citizens in the 1930's is still there?

Because you trust this government? This government that has lied us into war, that conducted operation Ajax and PBsuccess, that had the Tuskegee trials? That at one point was considering implementing Operation Northwoods, that lied about the Gulf of Tonkin incident?

I have to ask you naysayers, are you entirely ingorant of history, or are you just stupid?
]]> http://seekingalpha.com/article/93034-has-jim-cramer-crossed-the-line-with-sirius-xm?source=feed#comment-241282 241282
Is he in jail?

Get real, nobody gets prosecuted anymore, unless you're a tiny little guy. Cramer is a peon whose job is to strip you of your money, and this country doesn't work for you, it works for the same people that own Cramer.]]> Thu, 28 Aug 2008 21:43:36 -0400
Is he in jail?

Get real, nobody gets prosecuted anymore, unless you're a tiny little guy. Cramer is a peon whose job is to strip you of your money, and this country doesn't work for you, it works for the same people that own Cramer.]]> http://seekingalpha.com/article/93053-how-to-explain-fiat-currency-to-silverbugs?source=feed#comment-241246 241246
Sure, things are relatively grand now - it's grand when you're spending money on credit cards, it when you run out of credit it gets miserable.

I'd also like to point out that when my mother started working in the 1950's, she was paid minimum wage. That was $1 an hour, or, on the gold standard at the time, $20 an hour. Has life really improved? Why? Because you have a flat screen tee vee?]]> Thu, 28 Aug 2008 19:59:48 -0400
Sure, things are relatively grand now - it's grand when you're spending money on credit cards, it when you run out of credit it gets miserable.

I'd also like to point out that when my mother started working in the 1950's, she was paid minimum wage. That was $1 an hour, or, on the gold standard at the time, $20 an hour. Has life really improved? Why? Because you have a flat screen tee vee?]]> http://seekingalpha.com/article/91100-forget-100-a-barrel-oil-will-plummet-to-30?source=feed#comment-233583 233583
The dollar is just not worth that much anymore. The US has screwed all of it's dollar holders by selling them CDOs, SIVs and crappy T Bills - you really think they are willing to purchase more dollars?

I don't think the author realizes that when a foreign entity sells product in the US, they have to take the US dollars and invest it somewhere. Traditionally, this is in debt, and in the last 6 years, they've been SCREWED by the debt the US has sold them.]]> Mon, 18 Aug 2008 21:11:19 -0400
The dollar is just not worth that much anymore. The US has screwed all of it's dollar holders by selling them CDOs, SIVs and crappy T Bills - you really think they are willing to purchase more dollars?

I don't think the author realizes that when a foreign entity sells product in the US, they have to take the US dollars and invest it somewhere. Traditionally, this is in debt, and in the last 6 years, they've been SCREWED by the debt the US has sold them.]]> http://seekingalpha.com/article/91137-don-t-believe-the-lies-ride-the-bank-stocks-bull?source=feed#comment-233581 233581
Pay attention to past mania phases, and you'll realize that financials will come back, in about 20 years.]]> Mon, 18 Aug 2008 21:07:46 -0400
Pay attention to past mania phases, and you'll realize that financials will come back, in about 20 years.]]> http://seekingalpha.com/article/91524-old-media-and-glossy-fluff-both-lose-ground-pew?source=feed#comment-233579 233579
Oh no!

Maybe we won't have to go to war with Iran because they are a big bad country?]]> Mon, 18 Aug 2008 21:04:48 -0400
Oh no!

Maybe we won't have to go to war with Iran because they are a big bad country?]]> http://seekingalpha.com/article/91271-what-s-going-on-with-precious-metals?source=feed#comment-232825 232825
I should also note, I've sold none of my physical coins holdings, and I likely never will.]]> Mon, 18 Aug 2008 03:05:35 -0400
I should also note, I've sold none of my physical coins holdings, and I likely never will.]]> http://seekingalpha.com/article/90831-enjoy-these-dollar-days-but-will-they-last?source=feed#comment-231612 231612
* that spends $600 billion a year on it's military (that's more than the rest of the world combined spends on their military) and is still unable to win 2 wars in 2 spitoons of a country in the Middle East


* that has a 20 trillion dollar obligation to pay out to the Worst Generation - the boomers over the next 30 years in SS and Medicaid.

* that has a national debt of 10 trillion dollars, and absolutely no way of paying it back

* and it entirely dependent on outside foreign energy...

I really don't expect the dollar has any fundamentals going for it, at all.

And let me point out that the very foundation of our monetary system is based on housing - nearly all the money you send to a bank is invested in mortgages in some way or another, and this is done in a fractional reserve banking system where the fractional reserve is just 10%.

The panic has yet to begin in my opinion. But whatever, live it up while you can. I guess ignorance is bliss.]]> Fri, 15 Aug 2008 19:22:06 -0400
* that spends $600 billion a year on it's military (that's more than the rest of the world combined spends on their military) and is still unable to win 2 wars in 2 spitoons of a country in the Middle East


* that has a 20 trillion dollar obligation to pay out to the Worst Generation - the boomers over the next 30 years in SS and Medicaid.

* that has a national debt of 10 trillion dollars, and absolutely no way of paying it back

* and it entirely dependent on outside foreign energy...

I really don't expect the dollar has any fundamentals going for it, at all.

And let me point out that the very foundation of our monetary system is based on housing - nearly all the money you send to a bank is invested in mortgages in some way or another, and this is done in a fractional reserve banking system where the fractional reserve is just 10%.

The panic has yet to begin in my opinion. But whatever, live it up while you can. I guess ignorance is bliss.]]> http://seekingalpha.com/article/58745-jim-cramer-s-10-predictions-for-2008?source=feed#comment-224785 224785
"Information" fed to you by commercial advertising on television isn't information at all. It's designed to sell products, not to inform you. The only thing that the network cares about his Nielson Ratings, not his accuracy.

This goes for all "news" on television. If lying about weapons of mass destruction gets viewership, they'll do it. And if talking about Afghanistan reduces viewership, they won't do it. They are in the business of making money through ad revenue, not to inform you.

If you want to know what is going on, you're currently sitting in front of the most powerful communication tool ever created by mankind. It's not just for porn anymore. Make some use of it, stupid.

But there is an good side to all of this - it's a lot easier for me to make money when there are so many stupid traders in the market. A lot easier. I suppose I should be grateful for the idiot box churning out so many idiots.]]> Thu, 07 Aug 2008 08:10:44 -0400
"Information" fed to you by commercial advertising on television isn't information at all. It's designed to sell products, not to inform you. The only thing that the network cares about his Nielson Ratings, not his accuracy.

This goes for all "news" on television. If lying about weapons of mass destruction gets viewership, they'll do it. And if talking about Afghanistan reduces viewership, they won't do it. They are in the business of making money through ad revenue, not to inform you.

If you want to know what is going on, you're currently sitting in front of the most powerful communication tool ever created by mankind. It's not just for porn anymore. Make some use of it, stupid.

But there is an good side to all of this - it's a lot easier for me to make money when there are so many stupid traders in the market. A lot easier. I suppose I should be grateful for the idiot box churning out so many idiots.]]> http://seekingalpha.com/article/60647-odds-of-default-ambac-73-mbia-71?source=feed#comment-188214 188214
I could be wrong, but this government has for the last 3 decades has socialized risk for companies that are deemed "important", and has allowed these companies to privative profits. It's called fascism.

At these levels you may as well dip your toe into the water. They might even get down to a penny stock, and if they do - buy some, what the hell? It's a gamble I admit, but if Ambac returns to just 40, which is their pre mania value, you'll make a hefty profit.]]> Thu, 19 Jun 2008 04:01:05 -0400
I could be wrong, but this government has for the last 3 decades has socialized risk for companies that are deemed "important", and has allowed these companies to privative profits. It's called fascism.

At these levels you may as well dip your toe into the water. They might even get down to a penny stock, and if they do - buy some, what the hell? It's a gamble I admit, but if Ambac returns to just 40, which is their pre mania value, you'll make a hefty profit.]]>