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The_Free_Nebula

12/31/11 7:41 PM

#11139 RE: retiredyoung99 #11138

Great Post..Seems to be the reality of things. Read and heard so many doom and gloom theories about the plight of PMs, especially silver. In the end supply and demand rules still hold. I hope that demand based on technology and the slowly increasing amount of collectors raise the price. The end of the world scenarios do me no good...What would be the use of all the money in the world when the worlf is burning..

HAve a Happy New Year...
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SOUTHPEN

01/01/12 9:29 AM

#11141 RE: retiredyoung99 #11138

Conspiracies may exist, whether legal means are used to accomplish illegal results or illegal means to accomplish something legal.The fact that every bank or most of the funds that participate in long and short positions, simultaneously do not collectively work together at all times, is very obvious.If that were the case,then there would be no market for shorts. The repeal of provisions of the Glass-Steagall Act ,in 1999 effectively removed the separation, that previously existed between Investment banks ,"Which issue securities" and Commercial banks ,"Which accept deposits". Can't you see the conflict of interest? Commercial Banks want people to save money, in THEIR financial instruments ,not in Silver trusts or silver equities ,therefore with public perception slowly learning the horrors of what has been happening to our money through depreciation ,we decided to invest in PM's or hard assets.Right around this time in 1999 ,Glass Steagall is partially repealed.Who owns the PM trusts ,long or short ? In many cases ,it's banks and in most cases it's bank affiliates in a network around the world.They don't want silver or gold to crash! They want total volatility in the markets,like a War where both sides are supplied by the same people. There is NO 100% conspiracy ,of that I agree. What is very real, is a large group of insiders world wide that are competitive with each other, yet are in union in the bigger picture and you and I are on the outside.You want to help them,go ahead.I will continue to counter punch with as many as possible the implications of your passive response to the situation. US Silver is part of a counter punch. Investing in solid silver equities,no matter how grimm the situation seems, is imo ,a solid investment.
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Montanore

01/02/12 12:19 AM

#11142 RE: retiredyoung99 #11138

Well put, but some things DO change. We did not have open criminality in the 1970s. Now we do. For example, Corzine stealing billions and silver and gold being stolen from vaults at a time when the COMEX may not have been able to meet deliveries. This is no conspiracy theory. It is happening before our eyes. Bernanke is bailing out Europe with interest-free cash swaps to keep the can kicked and the game going for a bit longer.

Markets are rigged with inside trading (Congress almost brags about doing that) and computer front running. Congress will not stop spending. They will not raise taxes. Interest rates will remain low. The debt WILL grow to even higher astronomical proportions. Again, this is not a repeat of the 70s. Another Volcker is not going to show up and raise rates and that can't be done anyway without bringing about a massive, more severe depression.

I know you've been there and done that, but nobody has been through what we're going through now. Yes, there is no shortage of silver yet, but there are a shortage of silver mines because it has long been unprofitable to open new ones. Silver may not disappear due to cell phones, but it will disappear into safes of private citizens once they realize how easy it is to print fiat paper or push a button to add to bank accounts. Trouble is, that's not trickling down--not yet--because the banks want to gamble with it. But eventually it will and inflation will come home to roost. Either that or there will be a sudden dollar devaluation and bank closures if the Chinese decide to cash in.

This is definitely not the same old ballgame.