Ag Enemy of the State

The Treasury Bull Is Alive and Kicking

Hello Mark, Go to the "Precious Metal Manipulation..Lawyers Prepare for Battle" blogs at the seekingalpha website there is a lot more written there about delivery...currently I have set up a futures investment account with the sole purpose of taking delivery and most brokers have not done this but more and more are hearing and learning about it from people like us because the basis (spread) between paper silver and physical silver is so large. I think due to high interest there might have to be a website created dedicated for the sole purpose of delivery as there are many issues. e-mail me at [e-mail] as I do not give The broker I use is FOX investments in Chicago.

The Treasury Bull Is Alive and Kicking

If there were deflation..the following would not be occuring...I was recently filled on an order of 16 JM 100 oz. bars @ 14.5, as luck would have it..from someone...through a coin shop that I have frequented for over a year now. I got filled buy a fluke. My coin dealer found someone in San Diego who supposedly, accidently took delivery of several contracts and wanted to unload them only in 10,000 oz./100bar lots for $1.00 over spot ($14.10 at the time) so he called me Wed. afternoon knowing I only wanted JM bars and this is what was delivered to this guy in San Diego who at that time still had some 800 bars. I did not have that much cash available so it took me a day to get another person to buy in. In that one day...the next morning, no less he had sold all 800 bars.
As luck would have it that same morning another seller showed up with 25 bars at $14.50 and I told the coin guy to purchase 16 with the money deposited for the prior failed deal. I called less than one hour later to change that to all 25 but was told the remaining 9 were already gone. WOW they go like hotcakes here!

The paper price for silver is $12 yet go and try to buy real hold in your hands physical silver for $12 per oz.....ha ha ha (real price $18/oz)

The paper price for gold is $800 yet go and try to buy real hold in your hands physical gold for $800 per oz.....ha ha ha (real price $950/oz)

Try this on for size...COMEX silver price will be $1.00 when dumb paper traders realize the COMEX has no silver left...duh...of course by then you can try to buy real silver on e-bay for $1000/oz.

In the meantime I will do this: buy futures contract (5000 ozs.) on the last day of trading for September delivery, if in the next two weeks the COMEX silver price stays at this, sub $12-14/oz. low level. I figure the last day, even the last hour of the last day so as to avoid too much price volatility before expiration. The goal is just to take delivery at a known paper generated price. I notice on E-bay that 100 oz. JM bars routinely are selling for + $1600-1800. I have been to several coin shops in the Los Angeles area were I have confirmed a significant depletion of physical silver, particularly 100 oz. JM bars and when they come in most coin dealers will readily pay $1.50 to as much as $2.50 over spot.

No brainer to me....in the meantime Mish you can keep your precious paper dollars in the matress while they increase in value...ha ha ha

Remember the game Rock, Paper, Scissors...scissors(ma... of metal) cuts paper....always...just like inflation(priniting of money at will...monitization of debt) will always cut deflation...just ask an Argentinian or Zimbabwean....