I don't think JP boys will want to part with the remaining silver stockpile. In a currency "what if" event that silver is only like 1.75 billion. Oprah alone could corner silver market. And how many billionaires and millionaires are there in the world?!
On Nov 05 11:43 AM kohalakid wrote:
> From the "What if..." category. > > What if JPMorgan, one of, if not the, largest silver dealer and market > maker on the planet, holds physical silver in New York and London, > equal to, or even close, to the 190 million ounces they are short > on COMEX. London warehouse statistics are not reported, so they could > have silver there to cover their "Commercial Trader" a.k.a "hedger" > short position in New York. > If the CFTC decides that JPMorgan has to close their shorts and JPMorgan > says "fine, we'll just deliver against all our shorts" and they move > 100 million or 150 million oz from London to NY (it costs about 6 > or 7 cents to move it by ship). Then all those who are long are going > to get delivered against and many are speculators who sure don't > want five 70 pound bars of silver to have to deal with and pay for. > Who do they sell to? > > > What if?
India's Gold Purchase: A Complete Non-Event [View article]
Although I always assumed Nadler is being paid to write against gold and silver, my final aha moment came when Nadler one day said: Don’t be a fool, wait for the end of depression to buy silver for $6 in 2012. The next day he writes: Roubini on CNBC declares the worst is over, than he goes on to quote many sources on how economy is back on it’s feet. At the end of the article to paraphrase his conclusion, it sounded something like this: “all you gold bugs thought the sky is falling, what a complete morons you are” This guy will spin his lies anyway he can
ETF Securities Plans a Physical Palladium ETF [View article]
Did you even look at the reasons of 2001 palladium spike??? Your comment falls in the same category: price of gold 1981: $250, price of gold 2000: $250. Year 2000 conclusion: gold is for morons.
Palladium can do almost as much as platinum and even more. That being said, a metal 10 times more rare than gold, so many current uses, and promising future uses seems like no brainer
On Oct 22 08:49 AM dieuwer wrote:
> Let's take the hype out of Palladium investment: > > Price of Gold, Silver, and Palladium in January 2001: $255, $4.50, > and $1079, respectively. > Price of Gold, Silver, and Palladium on October 21, 2009: $1058, > $17.70, and $342, respectively. > Gain/Loss of investing in Gold, Silver, and Palladium over the period > 2001 - 2009: 415%, 390%, and -68%, respectively. > > YEAH, Palladium is a great investment...(not).
The Need for a New Security in Rare Metals New Production [View article]
Tell me if I'm wrong, but where is the logic behind recent REE mining stocks run up? Rhenium cost around $193 per troy ounce. Many REE are rarer than platinum, but are much cheaper in price. If platinum or other PGM mining is barely profitable at these price levels, how REE company is expecting to make profits? No wonder many where on the brink of collapse, until Chinese stepped up.
The U.S. Banking Crisis Is Just Beginning [View article]
Since the crisis started ( last September) were are loosing on average 0.5 million jobs a month. Can someone please explain where does 1.5 million coming from, as stated in the article?
Why German Customers at Austrian Banks Are Suddenly Silver Bulls [View article]
Someone please help and correct me if I'm wrong: When traveling through EU countries, members of the Schengen treaty (which Austria and Germany are part of) you are not subjected to any import/export taxes up to a specific amount. Bullion in any amount is excluded?
SLW just paid all their debt with stock dilution, and as long as silver above 3.99 they make profit. I just don't see scenario of silver approching anywhere near that level. Besides they have producers, in stable countries, such as Sweden, Greece, mining friendly Mexico. So SLW, is very safe. All silver sales done in Cayman Islands, so it's tax free!
On May 22 10:33 AM Frank P wrote:
> I think the reason Silver has fallen out of ratio is it tends to > swing much wider than gold. So, yes, you can do well with silver > but you can do worse too. The SLW model is likely to do even better > in a good environment but in a bad one they'll be paying more than > what they can sell for, which could finish them off. The miners have > the same risk which is why they sell to SLW, but at least they own > mines and so-forth than have value and could be sold.
Gold and Economic Freedom: Reinterpreted for the 21st Century [View article]
When it comes to Buffet and Gold, I'm sorry to say but Buffet ain't no Oracle, if he lost 50% in 2008. Author of the "Black Swan" correctly anticipated 2008 crisis and made huge profits. Besides he right on the money every time. That sounds more like Oracle to me.
Sort by:
Latest | Highest ratedSilver Prices Are About to Fall [View article]
On Nov 05 11:43 AM kohalakid wrote:
> From the "What if..." category.
>
> What if JPMorgan, one of, if not the, largest silver dealer and market
> maker on the planet, holds physical silver in New York and London,
> equal to, or even close, to the 190 million ounces they are short
> on COMEX. London warehouse statistics are not reported, so they could
> have silver there to cover their "Commercial Trader" a.k.a "hedger"
> short position in New York.
> If the CFTC decides that JPMorgan has to close their shorts and JPMorgan
> says "fine, we'll just deliver against all our shorts" and they move
> 100 million or 150 million oz from London to NY (it costs about 6
> or 7 cents to move it by ship). Then all those who are long are going
> to get delivered against and many are speculators who sure don't
> want five 70 pound bars of silver to have to deal with and pay for.
> Who do they sell to?
>
>
> What if?
India's Gold Purchase: A Complete Non-Event [View article]
This guy will spin his lies anyway he can
ETF Securities Plans a Physical Palladium ETF [View article]
Your comment falls in the same category: price of gold 1981: $250,
price of gold 2000: $250. Year 2000 conclusion: gold is for morons.
Palladium can do almost as much as platinum and even more. That being said, a metal 10 times more rare than gold, so many current uses, and promising future uses seems like no brainer
On Oct 22 08:49 AM dieuwer wrote:
> Let's take the hype out of Palladium investment:
>
> Price of Gold, Silver, and Palladium in January 2001: $255, $4.50,
> and $1079, respectively.
> Price of Gold, Silver, and Palladium on October 21, 2009: $1058,
> $17.70, and $342, respectively.
> Gain/Loss of investing in Gold, Silver, and Palladium over the period
> 2001 - 2009: 415%, 390%, and -68%, respectively.
>
> YEAH, Palladium is a great investment...(not).
An Interesting Alternative to Gold [View article]
The Need for a New Security in Rare Metals New Production [View article]
The U.S. Banking Crisis Is Just Beginning [View article]
Why German Customers at Austrian Banks Are Suddenly Silver Bulls [View article]
The Rise of the Silver Surfer [View article]
On May 22 10:33 AM Frank P wrote:
> I think the reason Silver has fallen out of ratio is it tends to
> swing much wider than gold. So, yes, you can do well with silver
> but you can do worse too. The SLW model is likely to do even better
> in a good environment but in a bad one they'll be paying more than
> what they can sell for, which could finish them off. The miners have
> the same risk which is why they sell to SLW, but at least they own
> mines and so-forth than have value and could be sold.
Gold and Economic Freedom: Reinterpreted for the 21st Century [View article]