The Reserve Bank cut the Repo Rate another 50 basis points to 5.5%. And despite interest rates now at 30 year record lows the property market is still a dog.
BTW. If anyone here hates hedge funds and speculators and want to help fuck one of the biggest looters in the world please consider this proposal. Google: "Buy Silver Crash JP Morgan"
++++++++++++++++++++++
The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500
1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position.
2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.
3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.
4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.
5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.
6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of even more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.
7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.
The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500
1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position.
2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.
3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.
4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.
5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.
6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of even more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.
7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.
Increase? What increase? 4 top agents all value my apartment in a good Joburg suburb at 16% lower value than what I bought it for 4 years ago (R780k down to R680k). Obviously varsity maths isn't working for me ..
Its Max Keisers idea. Isnt it interesting how GATA and others were ridiculed as conspiracy theorists yet its their work which has made this possible and has uncovered the truth.
Just like the mortgage fraud in the States. It took tens of thousands of people to cover it up and no one said a word. This is the favourite tool of the defenders of the status quo: "Its impossible for thousands of people to be part of a conspiracy"
Yes, of course it's Max Keiser's idea. I posted in a hurry and neglected to add a link. I just thought that the readers of CTB were the kind of people that didn't need me to explain that global finance is a rigged casino. My only problem is getting the silver. Local metal dealers are holding on to their silver and charging 400% of spot prices for silly coins and stuff. They just sell their massively inflated "collector's items" to retards to maintain cash flow. This is legal but it sure doesn't help me and I want to fuck the banksters soooo bad. Anyone know where I can get some actual silver for a realistic price?
Take a look at the Silver chart for the last 800 years. Silver has been declining in price for the last 800 years, why would it's long time trend now all of a sudden change. That said I would also like to get exposure but in South Africa I have't been able to find a supplier that makes it worth your while. The tax kills the value of the investment. You can buy Silver from Metcon. Rather buy Kruger Rands, it should have the same effect as Silver and it's readily available and tradeable and no tax as it's legal tender.
Thanks, I'll check out Metcon. If the paper silver presently in circulation is removed the price can't help but rise, that's the point. I'm sure some will call it a waste but I'm going to buy some silver anyway cos I REALLY WANT TO FUCK JP MORGAN, not as part of my investment strategy. That's the only reason. These scum are the main reason food prices have been spiking lately as well. If these kind of non-violent attacks on the banksters don't work then what's the alternative? Just an ounce or two. Won't break the bank (haha)- promise.
@ Benny try Jewelry manufacturer suppliers. You can buy it as 8mm wire. You will pay a premium, but if your motivation is to fuck JP Morgan perhaps it is worth a little extra cost no?
Thanks for the tip. Just R2-300 worth of silver (spot is about R185 or so last time I checked) from enough people will be enough. Jeez, 80% of the people I know routinely blow that kind of money on lunch. Wouldn't whatching all those criminal, counterfeiting speculating, scum filing out of their offices with a box be worth it? Knowing as you watch it that YOU made it happen. YOU helped destroy one of the oldest and largest banks in the world. There's a bit of payback there for all my relatives killed in wars they helped profit from, from the Boer War to the Border war.
People are pissed. This kind flashmobbing style co-ordinated takedown should be encouraged because the next step is arson and bombs. Ask the Irish, they are getting a crash course in what it is to live under the jackboot of the financial oligarchy.
There is also a project to crash all the banks on Dec 7 by getting everyone to withdraw their savings on the same day = run on banks = end of crony financialised capitalism. Here's the skinny from the Guardian (reprinted) http://www.commondreams.org/headline/2010/11/21/
Just drop Melynda at Metcon a line. Buy the 1kg bars, best investment form. Vat is payable on unwrought gold and silver as its not legal tender. The Vat you get back if you sell at the current spot less 2% which is their repurchase price i.e spot +12%, you dont lose the VAT.
The thing is the ECB is not bailing out Ireland or Greece etc but the BANKS behind what they owe.
I fully agree with withdrawing your money out of the banks on the 7th, I have withdrawn mine already except for a small amount and store all my savings in gold and silver. We should all do it and crash this system. It is the only non violent way to make the Gov sit up and wake up.
The SARB follows the IMF's MMT which is to monetize government debt and spend it into the system which has created our hyperinflation over the last 20 years. This is the real impetus behind the property bubble and most price increases and the reason why ordinary people cant get on the property ladder except those who were protected by owning property. This is the real reason behind the widening wealth gap and poor people being even more deeply mired in poverty, squarely at the door of Manuel and Mboweni.
Sifting the wheat from the chaff. More deflation as expected.
The total number of liquidations recorded for the first 10 months of 2010 went up by 1.8% to 3 323, from 3 264 compared with the first 10 months of 2009
The highest number of liquidations during the first 10 months of 2010 was related to businesses in the financing, insurance, real estate and business services industry, with 1 527 cases or 46.0% of liquidations.
Sorry guys for another post not related to property but I couldnt resist this one.
This is classic Management of Perspective Economics or MOPE.
Nampak reverses its fortunes
South Africa's biggest packaging group, Nampak [JSE:NPK] nearly doubled its full-year profit as its restructuring plan began to pay off and it forecast improved results for the year ahead.
It said revenue fell 5% to R18.5bn
but has crafted a three-year turnaround plan that includes selling non-core assets.
The company also sold six underperforming businesses during the period.
So their turnover fell but profit is up because of selling off of assets. Expect less than stellar results next year.
@ Bennie Just got a quote from Metcon, 1KG will cost R9233. I'll join you guy's and order one. Don't get me wrong about the 800 year chart, It's just that I don't expect it to shoot the lights out as an investment. But if it allows me to get revenge for my great great grandaddy that spent his entire life fighting the British in two wars it will be the sweetest money ever spent. How sure are you about JP Morgans short position in Silver?
I really don't see the link between retribution concerning someone's grandfather's involvement in wars many decades ago and the buying of silver to apparently bring down JP Morgan (aren't they an American founded company anyhoo?).
I am not disputing your feelings or their relevance but surely there is a more direct route of retaliation? The best of course would be to let the hate go but that's just my two cents.
@ Froggy I'll be chatting to Metcon come payday. Don't know about a kilo of silver but their prices are the best I've seen so far.
@anon Let the hate flow buddy. And it's not just about my great-great-aunt and her kids who perished in the camps. JP Morgan is also the number one food commodity speculator - they are at it as we speak. Next food riot you see on TV will be thanks to JP Morgan traders dreaming of their next porche. The fuckers must be stopped.
@ Benny It is possible to collect from Metcon if you are in Cape Town. Speak to Samara Stern she's arranged collection for me(saves the delivery cost). I did some research in Silver and the info available is unconvincing and vague at best. Do you know the JPMorgan exposure for a fact and where can one read about it. This Gold Silver ratio that everybody puts forward is totally unconvincing to me. Silver has become very much an industrial consumable metal, Gold is not really used industrially. So the role of silver has changed over time. Plus there's a lot of silver mines coming on line now increasing output every year, unlike Gold plus the recent silver research/report for 2010 is not available. The previous one for 2009 was baised in my opinion. I'm keeping an open mind though and think it's well worth taking a silver bet, if a small bet pays one can increase exposure.
@ anon Unfortunately there's very few SA'cans that know the real history of this country, only the older families that can trace their roots back for 100's of years take the interest. America is and was the manipulator, Britain the enforcer. There's no hate, but there's justice denied. Go do the research if you are interested and come tell us America with its British brother is not directly responsible for the hellhole this beautiful country has become. I think Benny has expressed the feelings of many beautifully.
CFTC hearings have been held where it was admitted that the LBMA and Comex have sold silver and gold at 50/100:1 physical ounce when it should be 1:1.
Froggy if you need some gold, silver and fiat education here is a blog I recommend highly, read every post. http://flowofvalue.blogspot.com/
I personally think that silver is a leveraged play for gold. I will role silver into gold once the ratio reaches perhaps 40:1. Gold is safe, central banks dont hold siver. I think 10% of your PMs is enough, but thats my view.
Btw I was phoned by Metcon with an offer a few weeks back as they had a glut of silver. When I spoke to them yesterday they were cleaned out and backordering. Remember Metcon get from Rand who also supplies LBMA etc. It is clearly working.
CFTC hearings have been held where it was admitted that the LBMA and Comex have sold silver and gold at 50/100:1 physical ounce when it should be 1:1.
Froggy if you need some gold, silver and fiat education here is a blog I recommend highly, read every post. http://flowofvalue.blogspot.com/
I personally think that silver is a leveraged play for gold. I will role silver into gold once the ratio reaches perhaps 40:1. Gold is safe, central banks dont hold siver. I think 10% of your PMs is enough, but thats my view.
Btw I was phoned by Metcon with an offer a few weeks back as they had a glut of silver. When I spoke to them yesterday they were cleaned out and backordering. Remember Metcon get from Rand who also supplies LBMA etc. It is clearly working.
For a fantastic source of info on fiat, gold and silver visit http://flowofvalue.blogspot.com/
Personally I believe that silver is a good leverage to gold. When the ratio to gold is say 35/40:1 I will roll out into gold. I believe in having around 10/20% of silver in your PM's but thats my view.
I know Metcon had a glut of silver a few weeks back, phoned yesterday and they are backordering, cleaned out. They buy from Rand Ref which also supplies the LBMA. It is working.
froggy said... @ anon Unfortunately there's very few SA'cans that know the real history of this country, only the older families that can trace their roots back for 100's of years take the interest. America is and was the manipulator, Britain the enforcer. There's no hate, but there's justice denied. Go do the research if you are interested and come tell us America with its British brother is not directly responsible for the hellhole this beautiful country has become. I think Benny has expressed the feelings of many beautifully.
I'd like to think that segregating and denying people human rights played a big part in the making of your so called "hell hole". Were the Nats American puppets? I thought they opposed the British. You obviously seem way more clued on history than me so please explain the link - it's quite fascinating.
I think it's a little simplistic to blame the standard bogeymen - imperialist British and capitalist Yanks - for all the world's problems. Not least because it's profoundly racist: the current received wisdom is that African or Asian despots who are in the pocket of Goldman Sachs are puppets without will or personal choice, i.e., in need of clear-eyed Western critics to save them yet again. It's a pernicious form of liberal racism that's simply taken on a new form: in 1700 we saved them from sin with Christianity; in 1800 we saved them from poverty with menial labour and free housing in labour camps; in 1960 we saved them from ignorance with Bantu Education; and in 2010 we are saving them from innate corruption with the power of our criticism and the mighty weapon of free speech.
But to get back to the first point, my take is that apartheid was a Cold War phenomenon. Its dates are even eerily aligned to the Cold War: Nats sweep in in 1948, reach new highs in 1961 (Cuban Missile Crisis the next year?) then slowly fizzle until they start collapsing just as the Soviet Union stars collapsing.
Why? Uranium. During the Cold War the biggest miners of uranium were Canada, Australia, the Soviet bloc countries, the USA, China, South West Africa and South Africa. Canada and Australia were firmly pro-America, and China was communist - which left only one country to woo: us (and our colony in SWA).
As long as Pretoria was sending its uranium to Washington it wasn't sending it to Moscow, so the Yanks let the Nats get away with murder, and yes, sometimes bankrolled them.
But let's not for a minute pretend that the Nats weren't devising their own policies. The US and UK have invented some horrific systems in the past (and the UK's abolition of slavery in the mid-19th century was merely an attempt to cripple the exploding US economy), but Apartheid was written and directed by home-grown fascists.
You have it exactly right. What of the dismantling of our nuclear weapons in 1993? Bit too convenient a date no?
However there is an irony in this gold/silver thing. It was JP Morgan himself and Herbert Hoover who bankrolled Oppenheimer to form Anglo American, hence the name.
Buying gold and silver inadvertently supports AA and the elite, but what can do? They have known that physical gold is real wealth all these years despite the paper gold price.
They have amassed more physical gold than you could dream of at the paper gold prices these last 30 years. Where does everyone think all the central banks gold i.e Half of Englands gold reserves sold by Gordon Brown has gone to? To the Indian jewelry market? Lol
28 comments:
Lowest rate since 1974 the paper said. The lowest they have been in my entire life!
BTW. If anyone here hates hedge funds and speculators and want to help fuck one of the biggest looters in the world please consider this proposal. Google: "Buy Silver Crash JP Morgan"
++++++++++++++++++++++
The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500
1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position.
2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.
3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.
4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.
5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.
6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of even more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.
7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.
8 – Crash JP Morgan Buy Silver
The Crash JP Morgan Buy Silver Manifesto or: How to Get Hedge Funds To Do Your Dirty Work For You And Drive the Price of Silver to $500
1 – JP Morgan has a huge short position in Silver – estimated to be 3.3 billion ounces – tied to an enormous, extremely precarious derivatives position.
2 – Various exchanges around the world have been caught manipulating the price of Silver using ‘naked’ short sales i.e., counterfeiting.
3 – Of all the actively traded commodities traded around the world, Silver is one of the least plentiful and its supply is shrinking, but its industrial uses are multiplying. The ‘networked’ age of global communications is built with Silver.
4 – Hedge funds are taking physical delivery of Silver – adding substantial demand as well as exposing these exchange’s naked short positions – who are already scrambling to deliver – jacking prices up to multi-decade highs – and inspiring these predatory funds to buy more Silver.
5 – There are billions of people around the world who are aware that banks have been committing fraud and embezzlement who are upset that their politicians seem only interested in helping the banks commit more fraud – who are looking for a cheap way to non-aggressively fight back and decapitalize these banks.
6 – Many of these people have the access and wherewithal to purchase 1 ounce of Silver – thus removing hundreds of millions of ounces of Silver from the ‘paper’ market – forcing additional scrambling by dealers to fill orders by buying back short positions – inspiring the funds to buy and take physical delivery of even more Silver – creating a colossal short squeeze – in which JP Morgan stands to be the biggest loser.
7 – Buying Silver is how the world is monetizing its anger at the banks who stole their wealth.
8 – Crash JP Morgan Buy Silver
I don't see any more rate cuts after this one & interest rates should start to increase toward the end of 2011.
So I've decided to offload some of my properties now before the increases start affecting my net yield.
Anyone agree / disagree?
http://www.fin24.com/Money/Property/Property-prices-in-the-doldrums-20101115
from the comments below the article
Increase? What increase? 4 top agents all value my apartment in a good Joburg suburb at 16% lower value than what I bought it for 4 years ago (R780k down to R680k). Obviously varsity maths isn't working for me ..
@ Benny: Shouldn't you at least post a link to the original, if not acknowledge the original writer?
@MRG
Its Max Keisers idea. Isnt it interesting how GATA and others were ridiculed as conspiracy theorists yet its their work which has made this possible and has uncovered the truth.
Just like the mortgage fraud in the States. It took tens of thousands of people to cover it up and no one said a word. This is the favourite tool of the defenders of the status quo: "Its impossible for thousands of people to be part of a conspiracy"
Greed my friends knows no such bounds.
Hi MR G
Yes, of course it's Max Keiser's idea. I posted in a hurry and neglected to add a link. I just thought that the readers of CTB were the kind of people that didn't need me to explain that global finance is a rigged casino.
My only problem is getting the silver. Local metal dealers are holding on to their silver and charging 400% of spot prices for silly coins and stuff. They just sell their massively inflated "collector's items" to retards to maintain cash flow. This is legal but it sure doesn't help me and I want to fuck the banksters soooo bad.
Anyone know where I can get some actual silver for a realistic price?
Take a look at the Silver chart for the last 800 years. Silver has been declining in price for the last 800 years, why would it's long time trend now all of a sudden change. That said I would also like to get exposure but in South Africa I have't been able to find a supplier that makes it worth your while. The tax kills the value of the investment. You can buy Silver from Metcon. Rather buy Kruger Rands, it should have the same effect as Silver and it's readily available and tradeable and no tax as it's legal tender.
@ Froggy
Thanks, I'll check out Metcon. If the paper silver presently in circulation is removed the price can't help but rise, that's the point. I'm sure some will call it a waste but I'm going to buy some silver anyway cos I REALLY WANT TO FUCK JP MORGAN, not as part of my investment strategy.
That's the only reason.
These scum are the main reason food prices have been spiking lately as well. If these kind of non-violent attacks on the banksters don't work then what's the alternative?
Just an ounce or two. Won't break the bank (haha)- promise.
@ Benny
try Jewelry manufacturer suppliers. You can buy it as 8mm wire. You will pay a premium, but if your motivation is to fuck JP Morgan perhaps it is worth a little extra cost no?
@ BB Flames
Thanks for the tip. Just R2-300 worth of silver (spot is about R185 or so last time I checked) from enough people will be enough. Jeez, 80% of the people I know routinely blow that kind of money on lunch. Wouldn't whatching all those criminal, counterfeiting speculating, scum filing out of their offices with a box be worth it? Knowing as you watch it that YOU made it happen. YOU helped destroy one of the oldest and largest banks in the world. There's a bit of payback there for all my relatives killed in wars they helped profit from, from the Boer War to the Border war.
People are pissed. This kind flashmobbing style co-ordinated takedown should be encouraged because the next step is arson and bombs. Ask the Irish, they are getting a crash course in what it is to live under the jackboot of the financial oligarchy.
There is also a project to crash all the banks on Dec 7 by getting everyone to withdraw their savings on the same day = run on banks = end of crony financialised capitalism. Here's the skinny from the Guardian (reprinted)
http://www.commondreams.org/headline/2010/11/21/
Benny, Islamic Network is minting silver coins. http://isnet.za.net
@Benny
Just drop Melynda at Metcon a line. Buy the 1kg bars, best investment form. Vat is payable on unwrought gold and silver as its not legal tender. The Vat you get back if you sell at the current spot less 2% which is their repurchase price i.e spot +12%, you dont lose the VAT.
The thing is the ECB is not bailing out Ireland or Greece etc but the BANKS behind what they owe.
I fully agree with withdrawing your money out of the banks on the 7th, I have withdrawn mine already except for a small amount and store all my savings in gold and silver. We should all do it and crash this system. It is the only non violent way to make the Gov sit up and wake up.
The SARB follows the IMF's MMT which is to monetize government debt and spend it into the system which has created our hyperinflation over the last 20 years. This is the real impetus behind the property bubble and most price increases and the reason why ordinary people cant get on the property ladder except those who were protected by owning property. This is the real reason behind the widening wealth gap and poor people being even more deeply mired in poverty, squarely at the door of Manuel and Mboweni.
Sifting the wheat from the chaff. More deflation as expected.
The total number of liquidations recorded for the first 10 months of 2010 went up by 1.8% to 3 323, from 3 264 compared with the first 10 months of 2009
The highest number of liquidations during the first 10 months of 2010 was related to businesses in the financing, insurance, real estate and business services industry, with 1 527 cases or 46.0% of liquidations.
http://www.fin24.com/Economy/South-Africa/SAs-indebted-hard-hit-by-insolvencies-20101122
Sorry guys for another post not related to property but I couldnt resist this one.
This is classic Management of Perspective Economics or MOPE.
Nampak reverses its fortunes
South Africa's biggest packaging group, Nampak [JSE:NPK] nearly doubled its full-year profit as its restructuring plan began to pay off and it forecast improved results for the year ahead.
It said revenue fell 5% to R18.5bn
but has crafted a three-year turnaround plan that includes selling non-core assets.
The company also sold six underperforming businesses during the period.
So their turnover fell but profit is up because of selling off of assets. Expect less than stellar results next year.
@ Bennie
Just got a quote from Metcon, 1KG will cost R9233. I'll join you guy's and order one. Don't get me wrong about the 800 year chart, It's just that I don't expect it to shoot the lights out as an investment. But if it allows me to get revenge for my great great grandaddy that spent his entire life fighting the British in two wars it will be the sweetest money ever spent. How sure are you about JP Morgans short position in Silver?
I really don't see the link between retribution concerning someone's grandfather's involvement in wars many decades ago and the buying of silver to apparently bring down JP Morgan (aren't they an American founded company anyhoo?).
I am not disputing your feelings or their relevance but surely there is a more direct route of retaliation? The best of course would be to let the hate go but that's just my two cents.
@ Froggy
I'll be chatting to Metcon come payday. Don't know about a kilo of silver but their prices are the best I've seen so far.
@anon
Let the hate flow buddy. And it's not just about my great-great-aunt and her kids who perished in the camps. JP Morgan is also the number one food commodity speculator - they are at it as we speak. Next food riot you see on TV will be thanks to JP Morgan traders dreaming of their next porche.
The fuckers must be stopped.
@ Benny
It is possible to collect from Metcon if you are in Cape Town. Speak to Samara Stern she's arranged collection for me(saves the delivery cost). I did some research in Silver and the info available is unconvincing and vague at best. Do you know the JPMorgan exposure for a fact and where can one read about it. This Gold Silver ratio that everybody puts forward is totally unconvincing to me. Silver has become very much an industrial consumable metal, Gold is not really used industrially. So the role of silver has changed over time. Plus there's a lot of silver mines coming on line now increasing output every year, unlike Gold plus the recent silver research/report for 2010 is not available. The previous one for 2009 was baised in my opinion. I'm keeping an open mind though and think it's well worth taking a silver bet, if a small bet pays one can increase exposure.
@ anon
Unfortunately there's very few SA'cans that know the real history of this country, only the older families that can trace their roots back for 100's of years take the interest. America is and was the manipulator, Britain the enforcer. There's no hate, but there's justice denied. Go do the research if you are interested and come tell us America with its British brother is not directly responsible for the hellhole this beautiful country has become. I think Benny has expressed the feelings of many beautifully.
@Froggy and Benny
I agree totally. Buy silver, buy gold and take the shorts down.
The whistleblower in silver is Andrew Maguire, a metals trader in London. Here is the interview on King World News with Adrian Douglas of GATA.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203%3A30%3A2010.mp3
CFTC hearings have been held where it was admitted that the LBMA and Comex have sold silver and gold at 50/100:1 physical ounce when it should be 1:1.
Froggy if you need some gold, silver and fiat education here is a blog I recommend highly, read every post.
http://flowofvalue.blogspot.com/
I personally think that silver is a leveraged play for gold. I will role silver into gold once the ratio reaches perhaps 40:1. Gold is safe, central banks dont hold siver. I think 10% of your PMs is enough, but thats my view.
Btw I was phoned by Metcon with an offer a few weeks back as they had a glut of silver. When I spoke to them yesterday they were cleaned out and backordering. Remember Metcon get from Rand who also supplies LBMA etc. It is clearly working.
@Froggy and Benny
I agree totally. Buy silver, buy gold and take the shorts down.
The whistleblower in silver is Andrew Maguire, a metals trader in London. Here is the interview on King World News with Adrian Douglas of GATA.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203%3A30%3A2010.mp3
CFTC hearings have been held where it was admitted that the LBMA and Comex have sold silver and gold at 50/100:1 physical ounce when it should be 1:1.
Froggy if you need some gold, silver and fiat education here is a blog I recommend highly, read every post.
http://flowofvalue.blogspot.com/
I personally think that silver is a leveraged play for gold. I will role silver into gold once the ratio reaches perhaps 40:1. Gold is safe, central banks dont hold siver. I think 10% of your PMs is enough, but thats my view.
Btw I was phoned by Metcon with an offer a few weeks back as they had a glut of silver. When I spoke to them yesterday they were cleaned out and backordering. Remember Metcon get from Rand who also supplies LBMA etc. It is clearly working.
@Benny and froggy
I agree, buy gold, buy silver and crash the shorts.
Andrew Maguire a metals trader in London is the whistleblower who brought the proof to the CFTC. Here is an interview with Adrian Douglas of GATA.
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/3/30_Andrew_Maguire_&_Adrian_Douglass_files/Andrew%20Maguire%203%3A30%3A2010.mp3
For a fantastic source of info on fiat, gold and silver visit
http://flowofvalue.blogspot.com/
Personally I believe that silver is a good leverage to gold. When the ratio to gold is say 35/40:1 I will roll out into gold. I believe in having around 10/20% of silver in your PM's but thats my view.
I know Metcon had a glut of silver a few weeks back, phoned yesterday and they are backordering, cleaned out. They buy from Rand Ref which also supplies the LBMA. It is working.
Sorry the abover interview is with both Andrew Maguire the whistleblower and Adrian Douglas of GATA
Here is a good interview with Ted Butler which will flesh out other details. I dont agree to sell gold and buy silver.
http://news.silverseek.com/SilverSeek/1290625106.php
Central banks dont hold silver, nuff said.
froggy said...
@ anon
Unfortunately there's very few SA'cans that know the real history of this country, only the older families that can trace their roots back for 100's of years take the interest. America is and was the manipulator, Britain the enforcer. There's no hate, but there's justice denied. Go do the research if you are interested and come tell us America with its British brother is not directly responsible for the hellhole this beautiful country has become. I think Benny has expressed the feelings of many beautifully.
I'd like to think that segregating and denying people human rights played a big part in the making of your so called "hell hole". Were the Nats American puppets? I thought they opposed the British.
You obviously seem way more clued on history than me so please explain the link - it's quite fascinating.
I think it's a little simplistic to blame the standard bogeymen - imperialist British and capitalist Yanks - for all the world's problems. Not least because it's profoundly racist: the current received wisdom is that African or Asian despots who are in the pocket of Goldman Sachs are puppets without will or personal choice, i.e., in need of clear-eyed Western critics to save them yet again. It's a pernicious form of liberal racism that's simply taken on a new form: in 1700 we saved them from sin with Christianity; in 1800 we saved them from poverty with menial labour and free housing in labour camps; in 1960 we saved them from ignorance with Bantu Education; and in 2010 we are saving them from innate corruption with the power of our criticism and the mighty weapon of free speech.
But to get back to the first point, my take is that apartheid was a Cold War phenomenon. Its dates are even eerily aligned to the Cold War: Nats sweep in in 1948, reach new highs in 1961 (Cuban Missile Crisis the next year?) then slowly fizzle until they start collapsing just as the Soviet Union stars collapsing.
Why? Uranium. During the Cold War the biggest miners of uranium were Canada, Australia, the Soviet bloc countries, the USA, China, South West Africa and South Africa. Canada and Australia were firmly pro-America, and China was communist - which left only one country to woo: us (and our colony in SWA).
As long as Pretoria was sending its uranium to Washington it wasn't sending it to Moscow, so the Yanks let the Nats get away with murder, and yes, sometimes bankrolled them.
But let's not for a minute pretend that the Nats weren't devising their own policies. The US and UK have invented some horrific systems in the past (and the UK's abolition of slavery in the mid-19th century was merely an attempt to cripple the exploding US economy), but Apartheid was written and directed by home-grown fascists.
@Bean Counter and anon
You have it exactly right. What of the dismantling of our nuclear weapons in 1993? Bit too convenient a date no?
However there is an irony in this gold/silver thing. It was JP Morgan himself and Herbert Hoover who bankrolled Oppenheimer to form Anglo American, hence the name.
Buying gold and silver inadvertently supports AA and the elite, but what can do? They have known that physical gold is real wealth all these years despite the paper gold price.
They have amassed more physical gold than you could dream of at the paper gold prices these last 30 years. Where does everyone think all the central banks gold i.e Half of Englands gold reserves sold by Gordon Brown has gone to? To the Indian jewelry market? Lol
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