A new derivatives company has issued a limited JP Masters doll, the only accessories options are a kitchen sink, most likely because they are throwing everything, but the kitchen sink at Silver today. SLV options expiry today. Egypt on fire. I wouldnt sell this stuff going into this weekend. And a weekly candle close at $30...?
Part 4 out near 5 pm. Enjoy. Embrace. Get excitedly mad.
And in the spirit of yesterday's posts: SGS, that's not really a Blythe Masters doll, is it?
ReplyDeleteHilarious
ReplyDeleteYour the Man!
That's a dumb question.
ReplyDeleteIs that a real kitchen sink?
Those kichen sinks look like silver to me.
ReplyDelete@george, your perception is great news for Blythe, as these sinks are what she will be using to cover March deliveries.
ReplyDeleteMR. SGS, quick question.
ReplyDeleteCoins (Eagles or Maples) OR Bars (100oz). Whats your preference?
I am picking up 3000 oz today.
Thanks for your help.
Do they make in a blow up doll with real human hair?
ReplyDeleteShores: Get Maples, and I would also get 20 10'z bars and one 100 oz bar if you can. Always diversify.
ReplyDeleteMr SGS,
ReplyDeleteDone mate. 2000 maples and 10 X RCM 100oz bars on the way (I've got plenty of 10oz bars).
Thanks for your help.
I wouldnt have gone so high on the RCM's would have picked up more maples, but congrats! Its always fun awaiting the shiney 'crack' thats delivered. You canadian? Hope you bought from www.silvergoldbull.com
ReplyDeleteSGS, actually I have not placed my order yet. I already have 10 X 100oz RCM bars so screw it, I'll just go 3000 Maples.
ReplyDeleteI've been using Tulving, pretty happy with them.
No not Canadian.....but a close cousin, Australian.
Thanks again mate.
BWAHAHAHAHAHA Oh man that is classic!
ReplyDeleteHave you tried stickin' pins in that doll yet?
ReplyDeleteShit, man.. www.silvergoldbull.com is in Rocky Mountain House. Had no idea they were there. I grew up just down the road.
DDT
Hey, guys...I've got about 11% of net worth in gold and silver, diversified.
ReplyDeleteDo you think that is enough??????
I'm considering moving my IRA over to Canada...talked to TD Waterhouse directly...they accept pension funds/IRA money. Since I have TD Ameritrade account, they may be able to verify signature without trudging up to Canada. The TD bank accepts unlimited $$ deposits, can buy equivalent of CDs, no other instruments. Have to appear in person to open that account.
Am I nuts?
Insight, Moving IRA to Canada ? What will you gain by doing that ? Mind sharing your concerns and thoughts ?
ReplyDeleteI heard that Max Keiser is going to have Andrew Maguire on soon and he has some information that is going to put some people in jail regarding the metals trading crimes.
ReplyDeleteRe: Canada..First, trading miners easier if I want to do something if not listed here....
ReplyDeleteBut, also moving out of DOLLARS....
I'm leery of Everbank...Fl based, loaning, mortgages, etc. etc. and reserves are not quite up to par according to Bankrate.com
Like the concept of owning foreign currencies in the MM (rather than CD), but am not keen on their being here in the states and without excellent reserves.
TD bank is also a good parking place for holding Canadian dollars...?
We buy all this metal but do we consider what must be done when people get crazy after the breakdown of cheap, credit fueled industrial society?
ReplyDeleteDo you think there will be a sound or treacherous silver market (black or government sanctioned) come the death of the infinite growth paradigm?
How do I know there won't be government check points and roving marauding soldiers looking for my precious rounds?
Do I go arm myself? Bury it?
What about the times when I need to be mobile with my investment? Where am I going to carry all this metal? Shall I craft a special vest to keep it on my person?
America will be rioting long before government check points to steal their currency.
ReplyDeleteSGS, I love Maples but the only thing is the premium. Say the premium is 5% over spot. When Silver is 500 FRNs an ounce, will maples go for 525...or 503??
ReplyDeleteSee what I am saying? Most bang for buck is junk, rounds and bars.
But, the Maples are by far my favorite looking coin.
Maples are actually more like 10% over spot...so will they be worth 550 dollars when a silver round will be worth 510-520 when silver spot is 500? because the premium on rounds is like 3%.
ReplyDeletePremiums? boys, you are not seeing the big picture here. It will be more like, "Can I trade you my 14 acres of land for a maple" Start thinking in those terms. If not, go flip Juniors you'll make 50X more, until currencies crash-then you'll be left with ZERO. I would rather buy a maple for quality, then try to unload junk in desperate times, or in good times. Stick with quality, the premiums should not be an issue at $30 an oz.
ReplyDeletePart 4 out in an hour. Watch and learn.
> go flip Juniors you'll make 50X more, until currencies crash-then you'll be left with ZERO.
ReplyDeleteI am not sure I understand the logic behind the statement.
Could you clarify how it is that a person who owns stock in a company that owns land and equipment to mine silver will be left with ZERO?
I would imagine that the owner of the stock would get paid in silver rounds (or silver paper money certificates) to be redeemed at a bank for silver.
Could you elaborate on the "bullion ONLY" position?
Thanks!
silvergoldsilver said...
ReplyDeletePremiums? boys, you are not seeing the big picture here. It will be more like, "Can I trade you my 14 acres of land for a maple" Start thinking in those terms. If not, go flip
Juniors you'll make 50X more, until currencies crash-then you'll be left with ZERO. I would rather buy a maple for quality, then try to unload junk in desperate times, or in good times. Stick with quality, the premiums should not be an issue at $30 an oz.
EXACTLY.. I am on the same exact page as you SGS. For some reason people can't get the paper currency trade out of their heads. Silver will be the most desired currency. And since it is scarce the purchasing power of that currency will be through the roof.
Come on man, when are you releasing the new bears video? can't wait for it!
ReplyDeleteThe Mexican statesman (I forget his name), who is proposing a bill in Mexico congress to go back to silver as money, believes that the MINERS will be *huge* winners when Mexico goes back to silver money.
ReplyDelete(there was a video posted a few days ago on the interwebs where he was giving a lecture in London)
got my popcorn.
ReplyDeletegot my snugglies on.
got a picture of blythe on my dart board.
in my lazy-boy.
can handle the suspense.
just peed my pants.
lets start video 4.
i need bears, beers, and babes.
Just getting into this after following for months. Have $20G to burn through.
ReplyDeleteWhere should I be buying my silver from? Appreciate any input & advice. Cheers.
@Anonymous:
ReplyDelete> For some reason people can't get the paper currency trade out of their heads.
Stocks are not currencies. Suppose I own 5% of Silver Wheaton's stock - I will still own 5% of Silver Wheaton's stock after a currency collapse.
We know that the VALUE of a silver mine will increase when we return to some semblance of precious-metals backed currency. Therefore the VALUE of my 5% ownership in SLW will also increase.
I just got some 2011 Australian year of the rabbit 2 oz coins in the mail. They sure are pretty. I might put them on my balls while I watch the new bears video.........That's right! On my balls!
ReplyDelete@dardan I have had great luck with www.gainesvillecoins.com
ReplyDelete"Stocks are not currencies. Suppose I own 5% of Silver Wheaton's stock - I will still own 5% of Silver Wheaton's stock after a currency collapse"
ReplyDeleteYou are still missing the point. Lets say you make $1000,0000,,,00000,,000 in SLW. If currencies collapse, your $1000,0000,00000,,,,00 wont be worth anything, and if it is, it will be devalued by plenty on a new currency trade in-thats assuming your broker doesn't go bust too ;) and you are not even left with the little paper buy receipts they send you in the mail.
Owning the physical in those times will allow you to have freedom.
Dardan: you Canadian or US?
SGS, I don't know if it will ever get that bad. In a world with nearly 7 billion people, fiat is the only convenient solution. Payments would be too slow without it.
ReplyDeleteI'd love to say I'll be trading in a maple for other hard assets one day which could be possible yes, but I doubt it would be without the fiat system.
Without it, how would the spot price of any PMs be judged? In CRUDE?? Chinese Yuan maybe if it becomes the new world reserve currency??
Hi silver gold silver, although this post is unlrelated to the topic at hand I would like to as your opinion on TINKA RESOURCES LTD. Granted their modified permit to seek an additional 8 drill homes do you think this stock would be poised to go up. Since the release of their permits it has gone up however slightly declined but shouldn't it further go up since they were granted additional drill holes? Thanks in advance, new to all this stuff.
ReplyDeleteWell Yuan is fiat too, I just can't think of any alternative to fiat with so little PMs to go round.
ReplyDeleteCorrect me if I am wrong. Fiat currency is ok as long as it is backed by some collateral. But in the 1970's, greenback can no longer exchanged into gold or silver. That becomes the problem.
ReplyDelete@user2008,
ReplyDeleteThat is the essence of FOFOA's arguments. Fiat money that is freely EXCHANGEABLE for gold. The gold would not have a dollar value stamped on it - it would just be "weight of gold".
Hey, are you saying that "junk" silver is really JUNK??
ReplyDeleteI looked at Gainsville and was not impressed. I'm not impressed by any of these dealers that make you open an account...and what's with this 5% non-refundable fee?????
I'm sticking with CMI which is extremely oriented toward privacy (read their site ...it's really true and the stuff comes in a box with no mention of their company name, they use a fake name, indicating machine parts or something) no account to sign up for, no 5% fee....read their site ...it's really true. And they're extremely helpful and good to talk to.
Sorry, my edits didn't make it....Gainesville, of course, and that repeat of the "read their site, etc.) at the end shouldn't be there!
ReplyDeleteAlex:
ReplyDeleteTinka is my #1 holding. Remember though, there are people out there (not me) that have warrants now, and are exercisable above .15 now. Some of these investors are selling now into this volume of buyers. Give it time, 50 holes to release on an already proven 20 mill oz is crazy. My exit is somewhere around $1.50-2, depending on the grades of the holes they pull up, and price of spot silver at that time. Hold on till the fall time, should be a doozy.
> You are still missing the point. Lets say you make $1000,0000,,,00000,,000 in SLW. If currencies collapse, your $1000,0000,00000,,,,00 wont be worth anything, and if it is, it will be devalued by plenty on a new currency trade in
ReplyDeleteI'm not so sure I am missing the point - and I'm not trying to be argumentative here - just trying to understand the "physical only" mindset.
Suppose we knew there was going to be a famine in 2011. We would all stock up on food - perhaps 5 years of food. But if we had money left over, would we buy 30 years worth of food, or would we buy farmable land which can PRODUCE food? I have done exactly that - hoards of silver/gold, PLUS I bought gold and silver mines which PRODUCE the product that I am hoarding.
The value of owning producers *now* is that as things make themselves clear then these producers will reap spectular profits, some of which will be divided amongst the owners on a regular basis - namely ME.
You are correct that there is counter-party risk; the government can nationalize the mines, the mine might be a dud, the entire "stock ownership" concept might be thrown out the world in a MAD MAX scenario where governments fire up the ovens and burn millions of their citizens like in Nazi Germany. I believe the chances of that happening are there, however they are slight.
Finally, I am curious why you own Tinka when you don't advocate holding "paper"?
Again, I ask these things respectfully because I want to know. Mike Maloney is a "physical only" guy because he wants to own the thing that is "rare".
haved just watched part 4 / better than 1-3 .. thanks for the info . not sure whether to puke ( cause you pulled back the curtain) or to puke cause you just confirmed much of what i have suspected all along... yes people as cynical as me really do exist ... thanks jim in FL
ReplyDelete@Tom:
ReplyDeleteThank you, I'll check that out.
@Silvergoodsilver:
U.S. - cheers on the response, & much obliged for all the information to date.
PS. Even money says when Blythe goes it will be on a Fri before a 3 day weekend / to spend more time with her ( FAMILY).. lol unfucking this mess sweetcheeks...
ReplyDeleteI own Tinka, and other paper products because they are like the lottery. Once they hit, you make a lot of fiat. I have confidence in Tinka, so in time, I can take that fiat and turn it into physical, food, and land. I hold tinka for leverage on silver spot price, thats all. If you are holding it for any other reason, then let me know about it.
ReplyDeleteDont get me wrong, I'm not an end to the world guy. I diversify according to my own dictates, for IF we are wrong (not likely lol) then we have a plan B in place, like all financial plans do. But I am also ready for the end...and one other thing you should add to your land and physical- AMMO. Cheers.
So all in all Silvergoldsilver you would consider Tinka still a low risk stock at .35 with great potential? If so thank you and I will try it out to see what happens. Thanks a lot. Regards.
ReplyDelete@reefman : Hugo Salinas Price
ReplyDeletehttp://www.youtube.com/watch?v=_foA_YvHwUM
@johntang,
ReplyDeleteYes, that's right - sorry I forgot his name. :)
Here is the particular video I was referring to - this is an ABSOLUTE MUST WATCH for sound monetarists:
VIDEO:
http://www.cheviot.co.uk/sound-money-conference/presentations/how-to-monetize-silver-so-that-it-can-circulate-permanently-in-parallel-with-paper-and-digital-money
@SGS
ReplyDeleteThanks for your thoughts. I think we are mostly in agreement - although I do own Rare Earth Minerals mines as well (thanks James Dines).
About AMMO - there are some steps that one must take in Canada to procure such things. I am in the process right now. I passed the test and am applying for a PAL. :)