Sunday, February 27, 2011

Silver ishares SLV Anomolies Part 4- Guest post Video

36 comments:

  1. Awsome: I'm liquidating another IRA for transfer into physical. Just got finished liquidating an annuity last month and it made up for all the losses. Get physical!

    I think I'll take Alix Steel out for fun.

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  2. Glad I have only physical! Thanks for the video.

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  3. I used to watch "Chris" ("ExposeTheFrauds") a long time ago - then he and his wife had a baby and I never heard from him again. It's nice to see him back making videos again.

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  4. Awesome video. I have a question, I have a 401k with a good amount of money invested in whatever the D bags at fidelity think is a good idea. As far as I know I cannot withdraw the money unless I quit my job. Anybody know of any loopholes I can close that account? I am aware of the taxes and fees and am okay with paying those as long as I can get some physical with that money.. Any advice would be great.

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  5. Connor,
    I am in the same boat with a 403b plan, but not enough to retire yet. Jobs are too tough to replace to just quit and take the distribution/penalty and go into silver. Any lawyers out there who can comment? My employer and Fidelity just cite their "rules," but my gut tells me there is likely a legal clause or precedent.

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  6. Make a deal with your employer to let you go and liquidate your 401K and have them hire you back later on. Screw retirement! It never says in the Holy Bible that Abraham lived 99 years and then "retired" and played golf in the sand traps.

    Real men work! It will be worth it to work your money back out of the system. Just an idea it may or may not be workable for you.

    You can put your 401K into an IRA after being "set free" by an employer. That way you can work it on the stock market if you want to or whatever. (if you think there still is time) :-)

    Good luck but otherwise you have what I call: "Dinosaur Money" in 401K's. Biggest scam and we all fell for it. Some of us have been delivered from it.

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  7. That poor chap in the video there still only has 925 hits. Who is this guy? He needs some exposure! He sounds like a young Peter Schiff. Has anyone watched this video? The counter stays at 925 hits.

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  8. I think we should petition for an audit for SLV actual silver inventory. Of course, we should do it right after Comex contracts delivery. I want to make sure, SLV did not "loan" silver to comex just to meet delivery. There's been several large amount of silver movement in and out of SLV in the past few weeks for no apparent reasons. Something is very fishy... Even if you own 1 share of slv, we should petition an audit.

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  9. Connor / Dr. Jerome ,

    1) You can put your money in PSLV which is physical silver.

    2) You can borrow your money from 401K and take Physical Metal.

    If you are serious about 401K please talk to author of below Video. BrotherJohn

    http://www.youtube.com/watch?v=iX8GHFiCbaA

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  10. SGS, You should thank me for giving you Chris's video link about SLV :-) unless you already knew.

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  11. Connor, I am not sure the following will work but you can check it out.

    Why don't you check with your company HR planner about discontinuation of your participation of 401K plan. You do not have to quit or terminate your work. Just stop participating the plan.
    Your plan administrator should be able to tell you that whether you can roll over your 401K to an IRA or not.
    Once you have your money in a roll-over IRA, then you can choose what to do. Make sure you check with IRS and your brokerage for any potential gotcha.

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  12. By all means if you can get your money out of a 401K and into an IRA temporarily---do it! Then you can get it out of the IRA eventually (after working stocks, options, etc.) and get it working for you.

    One more thing: Don't be afraid to pay taxes to get your paper and electronic money into real bullion. I took the loss ad now I'm way ahead of the game. Very interesting stuff this bullion!

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  13. Thanks for the ideas news unit.

    @Tary, Thank you! I have been actually looking into that, moving my investments from the ones fidelity tells me to do into PSLV.

    Do you guy's think PSLV is legit? I have heard great things about Sprott, but I am still a little skeptical since I will not be holding the phys.

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  14. Great ideas guys, I will look into moving into an IRA. I am not worried about the fees and taxes as my company has matched 100% dollar for dollar. So Every dollar I have put in, I will receive, plus the difference from what my company contributed and the tax/fees.

    Really appreciate everything guys.

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  15. Given all of these problems with SLV, aren't funds like PSLV and CEF even more attractive?? Let's say SLV IS exposed; well, PSLV and CEF are now islands of VERIFIED PHYSICAL METAL.

    IF there is a industrial user panic, or a sudden "run" on SLV, don't these islands become INCREDIBLY valuable??

    This is why I am always puzzled as to why people complain about paying a premium. I consider it like paying an entrance fee to a VERY EXCLUSIVE club. Whatever you pay now is only bound to UP later.

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  16. wait a minute... JP morgan is the custodian for SLV??? How are we going to crash JP morgan if it has SLV at it's disposal? When people demand delivery, it'll just take the real stuff out of SLV and replace the physical with paper.

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  17. Forever Faithful, I thought JPM shorted billion oz of silver. That is way more than SLV owns. If JPM touches the silver in SLV, that is another can of worm by itself.

    Also, do you really think SLV actually have the amount of physicals they declare ? There is one way to find out. That is to request an audit. And I got a feeling all hell will break loose on that one. But the audit must be made after comex physical delivery. That way we know they are not just moving things from one to another place.

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  18. The only way to get money out is through termination, of your job. There is one exeption, besides disability or terminal illness, that is "in service rollover provisions" most plans have those, 401k plans, because of all the lawsuits from a decade ago, over fees and company stock, it reduces the companies fiduciary responsibility. Ask your plan sponsor if you are allowed an in service rollover and don't stop until you get a firm answer, most telephone people are idiots.

    403b's can be transfered whenever you want as long as it is approved by your administrator. Even if a place is not approved ask to have it added and they will do it for you. However, most 403b's are in annuities with hefty back end charges so be careful.

    This is not investment advice these are things I am fairly certain are available to you. Make sure you do your own due diligence on investments and make sure you are aware of any tax liabilities, in service rollovers trigger a 1099, but an investment in an IRA will offset the tax ability of it or it should, consult a tax advisor. Again, I am just a guy from the internet who used to be a broker and did investment research, rules change all the time. Enough disclosure yet?

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  19. I have seen ads for people who will administer an IRA consisting of real bullion in a vault, e.g. a vaulting company in DE or goldmoney.com, but I don't know if the cost is prohibitive. Has anyone done this? Or researched the costs?

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  20. Franny, I looked into this awhile ago and costs can be a few hundred dollars or more year plus other expenses. It may be more or less depending on the company.

    Then, of course, the gov't knows what you hold and it's not in your hands...That makes me nervous.

    We bought physical out of our cash...my Roth IRA is for trading at this point....until I cash it out if they try to grab it...

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  21. dont go for goldmoney.com or any other vault in foreign. buy physical . if you can not get into PSLV.

    do NOT store any metal in bank safe. keep it in your house.

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  22. I think SLV will be fine for awhile, but if it falls apart it may happen just at the wrong time.

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  23. Tary:"SGS, You should thank me for giving you Chris's video link about SLV :-) unless you already knew."

    Its your attribute on the title "guest post", thanks...keep this info coming...we get a lot more done without trolls lurking around here!

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  24. Connor - I work as a 401(k) consultant so I've heard of a few options that might be available to you. If you're over 59 1/2 you can do what's called an in-service withdrawal which is basically like rolling over except you're still employed. If that's not an option, I would suggest trying to take a hardship withdrawal or a loan from your 401(k) balance. Neither of those is a perfect option but still a better alternative if the paper markets collapse this year. Also, if your plan has a brokerage window, you can move that balance to a silver miner's stock or something like that. Best of luck.

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  25. Thanks SGS. I just shared a video which looked good. You are the Real Boss. We all are with you in this WAR.

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  26. Any ideas on a short term buying dip or is this going to break $40 soon? Just curious what everyone is thinking here. (Not trying to get too much started just watching the chart try to get direction here at the moment---way too early to call it I suppose)

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  27. If you are talking abiout physical metail at any price.

    if futures, Don't buy now. buy on dips. Lot of volatility in coming days.

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  28. "newsunit":
    I do believe that the sentiment HERE is it will go up from here.

    It seems that is SGS's sentiment. But, I may be wrong, because he has the "TREND POWER" set at ONLY 27 since markets closed after friday night....

    My personal sentiment is that Blythe is gonna pull out some other tactic from her "bag of tricks" and try to tank it sometime monday NY trading hours. $29.00, the $27.00 are extremely strong support levels she may just try breaching.

    So, say this happens.She may have a plan outlined already on how she intends to walk this puppy-dog down to $27.00. BUT, many, especially the ASIANS will come outta the wood-work to BUY near $29.00....Sooooo....her plan will turn to shit, shit,shit IF she's planning to do what I'm speculating on here.

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  29. Silver Bull: LOL, thats why I love the internet and how people view certain data. I have nothing to do with the trend power, its coded in from that Spot widget. LOL. 27 has nothing to do with spot. If you scroll all the way down on this blog you will find Gold chart and its current 'trend' power set at the same level. LOL. Sorry for any confusion.

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  30. So then this is no long a "currency war". It is the "War on Silver". Compare that with "The War on Terror". I think Blythe should be classified as a terrorist and she's doing an "inside job".

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  31. She and Bernanke are at the TOP of the "FINANCIAL TERRORISTS LIST" at the main offices of SLA!!

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