JPM and Silver Futures

[Scuffalufacus]

(04-13-2012 07:05 AM)aVian Wrote:  welcome aboard bro...nice post

since it was such a well written piece...I know you wouldnt spend the time to write this yourself..could you please site the source of the article...thanks in advance.

Actually, he did..... He's my source for the info I posted yesterday...... He's a very good speaker as well.
After a long conversation yesterday afternoon, I asked him to post hid thoughts...

[Rise Above The Fear]

(04-13-2012 07:46 AM)Amess Wrote:  "Alleged" manipulation? Are you kidding?

To me....I don't care if silver goes to $2.00 an oz.....I didn't buy it to turn a profit.....I bought it for other reasons.....if, indeed, the bottom drops out for silver, then I will just buy more.....I don't care what the so called "experts" say......there has never been a time in history when fiat currency was more valuable than silver or gold......

However we are not headed to the past were headed to the future and I think there it will be worthless...

[aVian]

(04-13-2012 08:03 AM)Scuffalufacus Wrote:  

(04-13-2012 07:05 AM)aVian Wrote:  welcome aboard bro...nice post

since it was such a well written piece...I know you wouldnt spend the time to write this yourself..could you please site the source of the article...thanks in advance.

Actually, he did..... He's my source for the info I posted yesterday...... He's a very good speaker as well.
After a long conversation yesterday afternoon, I asked him to post hid thoughts...

I must of missed it or had too much to drink...point me to it...thanks bro.

[Amess]

(04-13-2012 08:11 AM)Rise Above The Fear Wrote:  

(04-13-2012 07:46 AM)Amess Wrote:  "Alleged" manipulation? Are you kidding?

To me....I don't care if silver goes to $2.00 an oz.....I didn't buy it to turn a profit.....I bought it for other reasons.....if, indeed, the bottom drops out for silver, then I will just buy more.....I don't care what the so called "experts" say......there has never been a time in history when fiat currency was more valuable than silver or gold......

However we are not headed to the past were headed to the future and I think there it will be worthless...

To each his/her own opinion.....I'm not saying we're heading to the past......but I do believe we're are heading into a future that will be very different than our current paradigm......

[Scuffalufacus]

(04-13-2012 07:46 AM)Amess Wrote:  "Alleged" manipulation? Are you kidding?

To me....I don't care if silver goes to $2.00 an oz.....I didn't buy it to turn a profit.....I bought it for other reasons.....if, indeed, the bottom drops out for silver, then I will just buy more.....I don't care what the so called "experts" say......there has never been a time in history when fiat currency was more valuable than silver or gold......

Agreed. But that only tells us the real value of fiat money. Chartwise, he's absolutely correct. I am buying it as I can as well.

I'm not buying to turn a profit either. It comes down to intentions I guess. I think most of us here aren't looking to get rich, but survive.... For now, I see silver going down as well, but when a loaf of bread is 35 dollars fiat, I'm sure it will be much cheaper for PM's.

Of course, BTT a loaf of bread is 35 dollars here, we're going to look like Zimbabwe....

[GP100357]

(04-13-2012 06:18 AM)Sarah Wrote:  

Quote:In closing, I would like to bring everyone's attention to the fact that the evaporation of wealth that occured during the 2000-02 dot.com crash and the crash of 2007-09, was in excess of $100 trillion. Nobody knows the exact amount. We will probably never know. Add to that evaporation the losses of wealth in Europe and other industrial economies that trade with the US and Europe.

Lost my brother to suicide after the dot com crash, lost my home and life savings as a result of the 2007 clusterf*ck.

Great post! And welcome!

I'm sorry to hear that too.

[Sarah]

Quote:I'm sorry to hear that too.

Thanks you guys. This rape can't end soon enough for me.

[Scuffalufacus]

(04-13-2012 08:16 AM)aVian Wrote:  

(04-13-2012 08:03 AM)Scuffalufacus Wrote:  

(04-13-2012 07:05 AM)aVian Wrote:  welcome aboard bro...nice post

since it was such a well written piece...I know you wouldnt spend the time to write this yourself..could you please site the source of the article...thanks in advance.

Actually, he did..... He's my source for the info I posted yesterday...... He's a very good speaker as well.
After a long conversation yesterday afternoon, I asked him to post hid thoughts...

I must of missed it or had too much to drink...point me to it...thanks bro.

Post #3 in the link..... FG... https://intellectualodditiesnetwork.com/s...p?tid=6853

[Amess]

(04-13-2012 08:21 AM)Scuffalufacus Wrote:  

(04-13-2012 07:46 AM)Amess Wrote:  "Alleged" manipulation? Are you kidding?

To me....I don't care if silver goes to $2.00 an oz.....I didn't buy it to turn a profit.....I bought it for other reasons.....if, indeed, the bottom drops out for silver, then I will just buy more.....I don't care what the so called "experts" say......there has never been a time in history when fiat currency was more valuable than silver or gold......

Agreed. But that only tells us the real value of fiat money. Chartwise, he's absolutely correct. I am buying it as I can as well.

I'm not buying to turn a profit either. It comes down to intentions I guess. I think most of us here aren't looking to get rich, but survive.... For now, I see silver going down as well, but when a loaf of bread is 35 dollars fiat, I'm sure it will be much cheaper for PM's.

Of course, BTT a loaf of bread is 35 dollars here, we're going to look like Zimbabwe....

Well....if the fantasies of some come to fruition....that things are going to be alright.....I guess I can always make jewelry after I retire......

[Fibonacci Guy]

(Today 05:30 AM)Terpentin Wrote:
Very insightful post, thank you.

What is the reason (in your opinion) that the price of silver has diverged so much from its traditional ratio to gold (~15:1)?


I think there are many fundamental reasons. Here are a few:

A. There are vast hordes of silver and gold that have been stored for perhaps a thousand years by invading armies who ravaged the world. No one knows how much gold and silver exists, nor do we know who owns it.

B. The destruction of the middle-class...poor folks don't buy silverware, they sell it.
(deflation)

C. The revolution in digital photography.

D. The demand for gold in the Third World and the electronics industry.

E. Supply and demand. Evidently, the supply is greater than the fear of
our fiat currency. After three and one-half years of panic, the price of silver
remains well below the post-crash high of $49.00 and the historical high of
$55.00.

Perhaps I should post something regarding this question.

Thanks for responding.
Best wishes to you and the great Americans who built this country.
FG

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