My blog will not be composed of mega paragraphs and too complex statements. The idea is to guide my viewers in a simplistic way, similar to the bears videos and give them an edge of some sort in this fraudulent, decepticon market called the COMEX.
That being said, today we saw about 600,000 oz of gold settle for fiat dollars at a fantastic fiat premium albeit.
Silver arena was a little different and what I expected. There were massive withdrawals from the registered vaults today to the tune of 1,118,530 oz. Only roughly, 25,000 oz took fiat at a premium....the rest are staying on board for the ride into March (Bullish).
You have to watch the SLV inflows and outflows as well. This is key in the manipulation scheme. There is nothing better than selling than something you dont own. This SLV ETF, will be the single most problem moving forward. To quell the POS (price of Silver), Blythe can call down and tell them to post some phony bs data of outflows. Sheeple not in the know see this and sell the ETF even though no physical silver was removed. Hence, this is a massive tool for Blythe. As we move forward, we will see major discrepancies between paper SLV price and physical real market demand.
Quick news updates: ASE (American Silver Eagles) had a better rating than American Idol as they sold more than 6.2 million of them. EPIC. Nuff said.
Oh and Egypt is burning. And Jordan soon. And Algeria. Albania caught whiff and wants to play too. I hope you see where this is going.
I leave you with my boy Peter. Enjoy.
On the silver eagles... I just saw some info that claims the govt owns all silver eagles. They sell them to us but since they are legal tender they have the right to take them at any time because they are legal tender coinage owned by the us govt. If that is true then even junk silver bags were issued by the fed. and they own those too. I am almost in a panic about this, lol. A large part of my holdings are eagleS, junk bags and modern proof silver. INSIGHT! PLEASE!
ReplyDeleteWanna share my personal opinion on the first comment post. The amount of silver available is far less than the gold. In the event of government collapse, they would be confiscating the gold, like how they did in during depression. Gold is a lot more valuable and with larger quantity. To offset Trillions of debt, you need billions oz of gold. And hundred of billions of oz of silver. There isn't hundred of billions of oz of silver available today. I will say silver is safer bet than gold.
ReplyDeleteThe "legal" tender you illude to has been stripped of all legalities and has been fraudulenty been used as a political weapon. Relax. Any judge would love to tackle that "legal tender" claim after COMEX and JPM are exposed for the crooked asswipes they are.
ReplyDeleteAnd if the state of the economy gets to the point where legal tender is being confiscated, I assure you a very organized and powerful underground economy will exist that would be more than happy to give you adequate compensation for your "illegal" wealth.
Anon#1...I'm beginning to think you left a paper trail by buying silver...if so, I would sell my physical back to a bank, get it on paper with receipts and documentation that you sold all your bullion or what looks like it. Hopefully the price is the same, and you can quietly and discreetly buy back at a local cash only coin store without big brother watching...but in the case of social unrest and an order of confiscation of both gold and silver, only sheep would turn it in for the very paper fiat they paid for it. Executive order 6102 was a sham order for "war emergencies" the public didnt have Zerohedge and blogs back then, they turned it in like it was leprosy. They didnt know any better. Times have changed. Although I dont underestimate how dumb people are, I would suspect the physical bullion buyers know whats really going on, as I dont know of ANY regular joe's buying silver today for the hell of it.
ReplyDeleteFed has officially hold more US treasury notes than China or Japan. It just come across the Dow Jones newswire.
ReplyDeleteBank in US buy and sell gold and silver coins ?
ReplyDeletewho or what do you mean by 'Blythe'??
ReplyDeleteThank you for starting this blog.
ReplyDeleteLooking forward to the next video, too.
Hi Silvergoldsilver, do you still think there will be some more dips to around the $26.50 mark? Cheers.
ReplyDeleteTurd! Nice to see you!
ReplyDeleteTo answer some questions above: Not sure if banks in US buy metal, up here they do. Blythe is a stripper friend of mine. I am buying more physical at $25-26.50 OR over $29, there may be some more continued weakness and re-testing. I will report more on this again later, but like I said, leading into the end of February and March should be solid.
We want some more of your "bad news bears"!!!!
ReplyDeleteComing in about a week or two, working on some juicy info right now....
ReplyDeleteregarding the confiscation, would I be safe if I bought maples? The US gov can't possibly confiscate something they didn't make right?
ReplyDeleteSilver rounds are something to consider if AES is too worrisome.
ReplyDeleteooops I meant ASE (american silver eagle)
ReplyDeleteAnonymous
ReplyDeleteI'm pretty sure Lead will be turned in before Silver...
J
ReplyDeleteLove those bear movies. I've added this blog to my daily list...look forward to it!
ReplyDeleteAnon, will be touching on the ASE legal tender in the new upcoming vid, stay tuned
ReplyDeleteThanks! Someone mentioned maybe buying all maples since im in US. They can take what you guys make! Can they?
ReplyDeleteDo you think bitcoins are a save investment?
ReplyDeletehttp://www.bitcoin.org/
The price of bitcoin is here:
http://mtgox.com/trade/history
I don't know if the price is rising that much because more people know it or because Ben is printing too much. Maybe because of both.