Jim Willie once joked that when the physical delivery squeeze really starts to pile up these vaults could all of the sudden have a mysterious fire and after that all gold and silver are either lost or turn into copper or lead respectively, somehow. Wow that's some freaky fire you might say. But bottom-line unless you can prove these bullion banks set fire on their own (fat chances, lol) you are not gonna find them responsible for the loss of your metals.
I think another possibility of what's going on with this vault has something to do with the recent forward selling by the mines.
I wonder how many JPM picked up? I can see them doing an audit and assuring everyone they have the silver to cover their shorts and just postpone delivery until they receive the silver fresh out of the ground.
SGS: just donated...if at all possible, I would like the next troll that you drop the F-bomb on and boot off to be "Sponsored by Fast Mover." You...are...incredible! Cheers!!!
Anyone heard of First majestic silver ? They sell their own silver bullion cheap. It's like $1.00 per oz. The company is a publicly traded company. I wonder can they be trusted ? Are they any good ?
What a f*cking nutcase is this guy! JP Vaults SCAM exposed?!?! Excuse me?!?! What exactly DID he expose? Answer: NOTHING!! It's just hypothetical and paranoid bullshit!
Let's just focus on the fundamentals for PM's (which are still good!) instead of this kind of nonsense...
News unit, Cut the shit thats not breaking news you are pumping your blog on here, dont do it again opr you will be banned for a week. Sorry to have to play daddy here but its getting a bit much.
Coconut: "It's like $1.00 per oz" I can assure you FM is not selling bullion for a buck...what exactly what did you mean?
I looked. I also see that you post here 19 times a day and dont even have my blog on the right side of your list with the other 57 blogs. Seriously? Thats not networking! LOL, I have to cut you down to 3 posts a day now. Other bloggers are complaining again, and the last 56 seconds of my life, by writing this non sense, can never be given back to me.
"these vaults could all of the sudden have a mysterious fire and after that all gold and silver are either lost or turn into copper or lead respectively, somehow"
Pfft, amateur thinking there....the fire will burn so hot the metals will melt and evaporate. Then a building down the road with a small fire will (look just like a demolition) collapse in its own footprint - ironically, this building will hold all the vault administration servers and all data will be lost.
Between SGS's damn bears, reading too much and watching my silver and gold triple in price, I know I am, I'm sure I am...starting to become a bit of a cynic...
SGS and all, I need to clarify my post. First Majestic are selling their own silver bullion for $ 1 premium over the silver spot price. Right now at this hour, they are selling $40.90 per oz of their products. Gainesville coins sell some generic buffulo for similar prices. But First Majestic's coin have their own logo. Seems like they are a silver mining company and selling their silver coins and bars.
One problem I see though, Northwest territorial are minting the coins and bars on behalf of First Majestic. I heard that Northwest territorial is not really a honest company. They got quite a few BBB complaints.
That's why I want to see if anyone knows about First Majestic Silver and their products.
This comment has been removed by the author.
ReplyDeleteGood post. Thanks!
ReplyDeleteexcellent post. Link worked for me.
ReplyDeleteJim Willie once joked that when the physical delivery squeeze really starts to pile up these vaults could all of the sudden have a mysterious fire and after that all gold and silver are either lost or turn into copper or lead respectively, somehow. Wow that's some freaky fire you might say. But bottom-line unless you can prove these bullion banks set fire on their own (fat chances, lol) you are not gonna find them responsible for the loss of your metals.
ReplyDeleteI think another possibility of what's going on with this vault has something to do with the recent forward selling by the mines.
ReplyDeleteI wonder how many JPM picked up? I can see them doing an audit and assuring everyone they have the silver to cover their shorts and just postpone delivery until they receive the silver fresh out of the ground.
SGS: just donated...if at all possible, I would like the next troll that you drop the F-bomb on and boot off to be "Sponsored by Fast Mover." You...are...incredible! Cheers!!!
ReplyDeleteAnyone heard of First majestic silver ? They sell their own silver bullion cheap. It's like $1.00 per oz. The company is a publicly traded company. I wonder can they be trusted ? Are they any good ?
ReplyDeleteComment anyone ?
Djeeesch....and his point is...?
ReplyDeleteWhat a f*cking nutcase is this guy! JP Vaults SCAM exposed?!?! Excuse me?!?! What exactly DID he expose? Answer: NOTHING!! It's just hypothetical and paranoid bullshit!
ReplyDeleteLet's just focus on the fundamentals for PM's (which are still good!) instead of this kind of nonsense...
More breaking news:
ReplyDeleteThe News UNIT
Things are happening quickly! We might have $65.00 silver sooner than I thought.
News unit, Cut the shit thats not breaking news you are pumping your blog on here, dont do it again opr you will be banned for a week. Sorry to have to play daddy here but its getting a bit much.
ReplyDeleteCoconut: "It's like $1.00 per oz" I can assure you FM is not selling bullion for a buck...what exactly what did you mean?
Is there a link to Chris' Weekly Telegram?
ReplyDeleteYou wanna bet it's breaking news! Go look! I'm not pumping---I'm "networking".
ReplyDeleteYou're not old enough to be my daddy.
And what do I have to gain from it? Nobody send me a donation. And I'm doing everyone else a service. You actually benefit from my traffic.
ReplyDeleteI looked. I also see that you post here 19 times a day and dont even have my blog on the right side of your list with the other 57 blogs. Seriously? Thats not networking! LOL, I have to cut you down to 3 posts a day now. Other bloggers are complaining again, and the last 56 seconds of my life, by writing this non sense, can never be given back to me.
ReplyDeleteOh sorry I'll put it back on there. I'm so used to typing it myself....developing...:-)
ReplyDelete@RUI
ReplyDelete"these vaults could all of the sudden have a mysterious fire and after that all gold and silver are either lost or turn into copper or lead respectively, somehow"
Pfft, amateur thinking there....the fire will burn so hot the metals will melt and evaporate. Then a building down the road with a small fire will (look just like a demolition) collapse in its own footprint - ironically, this building will hold all the vault administration servers and all data will be lost.
Between SGS's damn bears, reading too much and watching my silver and gold triple in price, I know I am, I'm sure I am...starting to become a bit of a cynic...
I'm guessing that coconut means they're charging roughly $1.00 over spot. But I should let him answer.
ReplyDeleteGreat job, SGS, as usual.
SGS and all, I need to clarify my post. First Majestic are selling their own silver bullion for $ 1 premium over the silver spot price. Right now at this hour, they are selling $40.90 per oz of their products. Gainesville coins sell some generic buffulo for similar prices. But First Majestic's coin have their own logo. Seems like they are a silver mining company and selling their silver coins and bars.
ReplyDeleteOne problem I see though, Northwest territorial are minting the coins and bars on behalf of First Majestic. I heard that Northwest territorial is not really a honest company. They got quite a few BBB complaints.
That's why I want to see if anyone knows about First Majestic Silver and their products.
BBB search shows no record of First Majestic.