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    • Wed Sep 10th 16:55 PM | Rating: 0 0
      Commented on:
      Why is Silver So Cheap? Why is Gold So Expensive?
      The 15:1 ratio hasn't been set by fiat.

      Through a good portion of history, that's what was drawn out of the ground, in respective percentages.

      Furthermore, I dispute your claim of it's availability in the crust.

      Last year, about 20,000 tonnes of silver were extracted from the ground (about 600,000,000 troy ounces) and 2500 tonnes of gold were produced (about 80,000,000 troy ounces). That ratio is 8.

      In an entire year, enough silver is drawn out of the ground to give every American 2 ounces of silver, or at today's price, about $23.

      So, indeed, why is it so cheap? In 1950 nearly every American had a least a few ounces of silver but then the government demonitized it and replaced it with steel, nickel, copper, later zinc.
      View article »
    • Tue Sep 9th 14:57 PM | Rating: 0 0
      Commented on:
      Just How Much Can the U.S. Government Guarantee?
      "Jason is right as usual. The dollar is far away the best currency."

      The pound sterling was too.

      You haven't looked at monetary history, have you? None of you dollar bulls are. So much the better.
      View article »
    • Tue Sep 9th 14:50 PM | Rating: 0 0
      Commented on:
      Just How Much Can the U.S. Government Guarantee?
      Haha - you think it's going to be less than 200 billion.

      This is directly inflationary.

      Think about it, if the government has taken over all this debt, and the only way that the government can guarantee that people don't default on their mortgages is to make their house worth "more", what will the government do?

      This is a back door into causing inflation and yet the dollar is going up. I just love our goofy, and manipulated markets!
      View article »
    • Mon Sep 8th 13:25 PM | Rating: 0 0
      Commented on:
      What To Do About Freddie Mac and Fannie Mae
      It's a speculative play to buy Fannie Mae and Freddie Mac right now, but keep in mind, that the mortgage crisis isn't over by a long shot.

      I bought ABK at 2.20 and sold at $5 doubling my money, but I won't buy FNM or FRE even at these levels. Although the bonds can't go to 0 now, the stock sure can, and the dollar can now as well.

      Silver and Gold are ludicrously cheap. I think I'll buy those, if I can find anywhere on the planet I can buy them. But only tin foiled hat nut types think there can possibly be a shortage, or that the metals have been withdrawn from the market to prevent investment.
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    • Mon Sep 8th 13:20 PM | Rating: 0 0
      Commented on:
      Sell-Side Analyst on Fannie: A History of Being Wrong
      Why not give us the name of the analyst? Are you worried people won't continue to take his/her advice if you do?
      View article »
    • Mon Sep 8th 05:09 AM | Rating: 0 0
      Commented on:
      Looks Like There's a Silver Shortage
      "What's to stop someone from buying a silver futures contract on the COMEX, and just taking delivery of it when the contract expires?"

      The contract is 5000 ounces for one.

      For another, most brokerages won't allow you to take physical delivery.

      For another, is the Patriot Act which forces you to disclose to the IRS that you've made the purchase.
      View article »
    • Mon Sep 8th 04:47 AM | Rating: 0 0
      Commented on:
      Is This the Death of Gold & Silver Stocks? Part II
      To Kunst:

      Abraham Lincoln's SOLE aim was to keep the South from withdrawing from the Union - something they were entirely entitled to do.

      Abraham Lincoln initially supported a failed 13th amendment which would have guaranteed the right of the southern states to permanently allow slavery. This was the Crittendon Compromise. Lincoln in his inaugural address said he would support it.

      Read his inaugural address:

      www.bartleby.com/124/p...

      He is *not* the man we were taught about. He put newspaper editors in jail for writing articles critical of him. He was a damned fascist although, after killing more Americans ever killed in a war through a Civil War, he did manage to eliminate slavery.

      You don't learn anything in school about history, you learn propaganda.
      View article »
    • Sun Sep 7th 06:51 AM | Rating: 0 0
      Commented on:
      Dichotomy in W. European Gold and Silver Prices
      gigem, apparently you don't realize how difficult it is to take delivery. Most brokerages won't let you do this. The fact that you have to buy 5000 ounces for silver and 100 ounces for gold knocks most people out of this market.

      Also, dealers don't keep stock other than small amounts. You'd know this if you ever bought gold or silver. When you go to a dealer to purchase a metal, they immediately call a broker, and make a deal with them for delivery.

      I'd also like to point out that if every American just bought 1 ounce of silver in a year, that would be the entire years production of silver on the entire planet. It's an extremely rare metal, and people are starting to realize this.
      View article »
    • Fri Sep 5th 03:17 AM | Rating: 0 0
      Commented on:
      Gold, Silver and the Great Unwind: No Conspiracies Here
      I had to comment on this:

      "Pul-lease! ENOUGH of the "Gold is Money" claptrap!"

      The US dollar is the longest lasting paper fiat monetary system that's every existed. You know how long that's been running?

      Almost 40 years.

      You know how long gold was a monetary standard before that?

      5000.

      So, which do you think is the aberration? People often make the classical mistake that whatever time they currently live in is the "normal" time. We're in an exceptional time. And exceptional time that won't last.

      You know the saying that the majority is wrong when it comes to financial markets? What do the MAJORITY of people think about gold? Do they think it's money, or simply something tin foiled hat nutzos think will become money?

      And for the record, the dollar has been tied to oil, which is why it has any worth at all. This was done by the Carter Doctrine and the Reagan Corollary. The US gave OPEC the uncontested right to exist, as long as they traded only in US dollars. This system started to break down when President Cuckoo Bananas and his predecessor started making threats to an OPEC nation - Iraq. Hussein started converting his country's economic surplus to euros. Of course, since the war, this has all been reversed.

      Guess which other 2 OPEC countries have done this?

      One is Iran, and the other is Venezuela. Of course, I'm "crazy" to think the US is threatening them because of their monetary decision, naturally it's really about nuclear weapons and communism, but we don't seem to have any problem with North Korea having nuclear weapons, or with China being communist - in fact, we let China buy as many Treasury bills as they want.

      The biggest lies aren't hidden by conspiracy, they're hidden by incredulity. It's obvious what is going on, it's just so blatant, you can't believe it.
      View article »
    • Thu Sep 4th 18:34 PM | Rating: 0 0
      Commented on:
      Precious Metals Manipulation: Lawyers Prepare for Battle
      To you naysayers.

      I remember Morgan Stanley's lawsuit. There's a PRIME example of an actual conspiracy that was uncovered. Morgan Stanley had been taking money from investors, claiming to have bought silver, and charging these investors for storage fees on silver they never bought.

      And this went on for *DECADES*.

      Nobody talked about it, it wasn't insiders that exposed it, it was an outsider that demanded to know what the serial numbers on his silver bars were who was prompted by Ted Butler to do so. When Morgan Stanley wasn't able to produce the serial numbers, this investor brought them to court.

      There's a lot of conspiracy theories that are wrong, but they aren't all wrong.

      When Butler wrote articles urging people to actually verify that 3rd parties were storing precious metals, he was called nuts, a conspiracy loony, everything in the book.

      But he was right.

      He might not be right about everything, but people who are dimissive about the possibility of dirty dealings are just 3rd party colluders. Dirty dealings happen all the time, and it's your duty to expose them.

      There's a lot of people who believe Fort Knox doesn't have any gold left in the vaults - because there hasn't been an audit for 50 years. How do you know the government is telling the truth when they assure the public all the gold that was taken from citizens in the 1930's is still there?

      Because you trust this government? This government that has lied us into war, that conducted operation Ajax and PBsuccess, that had the Tuskegee trials? That at one point was considering implementing Operation Northwoods, that lied about the Gulf of Tonkin incident?

      I have to ask you naysayers, are you entirely ingorant of history, or are you just stupid?
      View article »
    • Thu Aug 28th 21:43 PM | Rating: 0 0
      Commented on:
      Has Jim Cramer Crossed the Line with Sirius XM?
      Cramer admitted to manipulating stocks on the air, violating SEC rules and laws.

      Is he in jail?

      Get real, nobody gets prosecuted anymore, unless you're a tiny little guy. Cramer is a peon whose job is to strip you of your money, and this country doesn't work for you, it works for the same people that own Cramer.
      View article »
    • Thu Aug 28th 19:59 PM | Rating: 0 0
      Commented on:
      How to Explain Fiat Currency to Silverbugs
      We're 60 trillion dollars in debt. I guess that doesn't matter. We're this far in debt because our government uses credit instead of money to buy everything.

      Sure, things are relatively grand now - it's grand when you're spending money on credit cards, it when you run out of credit it gets miserable.

      I'd also like to point out that when my mother started working in the 1950's, she was paid minimum wage. That was $1 an hour, or, on the gold standard at the time, $20 an hour. Has life really improved? Why? Because you have a flat screen tee vee?
      View article »
    • Mon Aug 18th 21:11 PM | Rating: 0 0
      Commented on:
      Forget $100 a Barrel - Oil Will Plummet to $30
      $30 for oil? I have a hard time believing it.

      The dollar is just not worth that much anymore. The US has screwed all of it's dollar holders by selling them CDOs, SIVs and crappy T Bills - you really think they are willing to purchase more dollars?

      I don't think the author realizes that when a foreign entity sells product in the US, they have to take the US dollars and invest it somewhere. Traditionally, this is in debt, and in the last 6 years, they've been SCREWED by the debt the US has sold them.
      View article »
    • Mon Aug 18th 21:07 PM | Rating: 0 0
      Commented on:
      Don't Believe the Lies: Ride the Bank Stocks Bull
      I would like to humbly point out that after Nasdaq and it's index fund, QQQ, crashed that they were NOT the best places to put your money.

      Pay attention to past mania phases, and you'll realize that financials will come back, in about 20 years.
      View article »
    • Mon Aug 18th 21:04 PM | Rating: 0 0
      Commented on:
      Old Media and Glossy Fluff Both Lose Ground - Pew
      Wow, people aren't listening to AP (American Propaganda) or Reuters (who the hell owns them anyhow? Where is their office?)

      Oh no!

      Maybe we won't have to go to war with Iran because they are a big bad country?
      View article »
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