BIS statistics shock.During Dec 07 -June 08 ,87$ billions of precious metals(excluding gold ) derivatives were created .This is about 10 times the whle COMEX open interest!!!
I am pro-silver and and agree that physical holdings is a must. Obviously the market is somewhat manipulated. However, it is inaccurate to consider this $87B number as a figure representing money that could have been invested in physical silver, it is simply not the same thing. Did you see on the report there is hundreds of billions of otc derivatives in agricultural commodities such as wheat. Is the wheat market manipulated, with hundreds of billions diverted from physical wheat investment?
Friday, December 24, 2010
WHY IS SILVER THE BEST INVESTMENT NOW? Mike Maloney
"...they don't make any money off the gold and silver... they tell you that it's dangerous... don't put any more than 10% in your portfolio as a hedge... what a bunch of crap! Gold was $35 an ounce in 1971... for the DOW to have had the same performance over that period of time it would have to be over 26,000 points." - M. Maloney
GOLD is the money of the KINGS, SILVER is money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
GOLD is the money of the KINGS, SILVER is money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
Silver Shortages Accelerate - Wholesale Supplies Plunge
Silver Shortages Accelerate As Wholesale Supplies Plunge: Krieger/Keiser - 1; JP Morgan - 0
http://www.zerohedge.com/article/silv...
Submitted by Tyler Durden on 11/22/2010 10:42 -0500
Is the Kriger/Keiser "Short Squeeze JPM to Oblivion" plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that "as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated." Over the weekend we noted that even at the smaller, retail level, Silver American Eagles sold by the US Mint, have surged to a 2010 high in just the first three weeks of November. Is America now fully intent on ending Jamie Dimon's domination over the precious metal space?
http://www.zerohedge.com/article/silv...
Submitted by Tyler Durden on 11/22/2010 10:42 -0500
Is the Kriger/Keiser "Short Squeeze JPM to Oblivion" plan working? Judging by the wholesale availability of silver (or lack thereof) the answer is a resound yes. In Coin Updates News we read that "as of today, there are no longer any regular wholesale supplies of the 1 ounce through 100 ounce silver rounds and bars available for immediate delivery. It may be possible to locate incidental quantities of some product, but most wholesalers are now promising two to four weeks delivery to allow time for the silver to be fabricated." Over the weekend we noted that even at the smaller, retail level, Silver American Eagles sold by the US Mint, have surged to a 2010 high in just the first three weeks of November. Is America now fully intent on ending Jamie Dimon's domination over the precious metal space?
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