Hi all, I spent the day putting together an article on stunning new revelations of silver market manipulation:
Feel free to share it out:
https://twitter.com/Allan_W_Flynn?lang=en
http://comexwehaveaproblem.blogspot.com.au/2016/12/how-to-trigger-silver-avalanche-by.html
Hi Allan
took a little bit to figure out but I did eventually get the article itself!
Cheers Robbie
Quote from: 'robbiegal' pid='102430' dateline='1481192178'Hi Allan
took a little bit to figure out but I did eventually get the article itself!
Cheers Robbie
Hi Robbie, Im sorry but I didnt enter the link correctly by using the button on the page. Its all fixed now cheers, I hope you enjoyed!
it took me a bit to figure out which part to click ... which is "how to trigger an avalanche by a pebble ..."""
I don't know for certain but I have read that out of all the billions of ounces of "Paper" PM's that are traded daily only about 20% of it actually exists.
Quote from: 'trout' pid='102438' dateline='1481199194'I don't know for certain but I have read that out of all the billions of ounces of "Paper" PM's that are traded daily only about 20% of it actually exists.
The paper market which purports to represent bullion, is traded in many multiples of the physical market. At a CFTC hearing (https://www.youtube.com/watch?v=BfCn8NlLHko) in 2010 Jeffrey Christian of CPM Group said the leverage was in the order of 100:1.
Quote from: 'Chuckey' pid='102448' dateline='1481237242'Quote from: 'trout' pid='102438' dateline='1481199194'I don't know for certain but I have read that out of all the billions of ounces of "Paper" PM's that are traded daily only about 20% of it actually exists.
The paper market which purports to represent bullion, is traded in many multiples of the physical market. At a CFTC hearing (https://www.youtube.com/watch?v=BfCn8NlLHko) in 2010 Jeffrey Christian of CPM Group said the leverage was in the order of 100:1.
Going by that the actual physical Silver should be worth many times over the spot price because it actually exists and isn't just a bunch of numbers on a spreadsheet created out of thin air :dance2:
Quote from: 'trout' pid='102449' dateline='1481238092'Quote from: 'Chuckey' pid='102448' dateline='1481237242'Quote from: 'trout' pid='102438' dateline='1481199194'I don't know for certain but I have read that out of all the billions of ounces of "Paper" PM's that are traded daily only about 20% of it actually exists.
The paper market which purports to represent bullion, is traded in many multiples of the physical market. At a CFTC hearing (https://www.youtube.com/watch?v=BfCn8NlLHko) in 2010 Jeffrey Christian of CPM Group said the leverage was in the order of 100:1.
Going by that the actual physical Silver should be worth many times over the spot price because it actually exists and isn't just a bunch of numbers on a spreadsheet created out of thin air :dance2:
Correct! Silver is scarce, its a tiny market and it takes loads of energy to extract. These prices are a steal.
Quote from: 'trout' pid='102438' dateline='1481199194'I don't know for certain but I have read that out of all the billions of ounces of "Paper" PM's that are traded daily only about 20% of it actually exists.
I think your figures are way out (the reality is worse). Comex is the main registry for silver trading and the open interest a few months ago was just over a billion ounces, but the actual registered inventory was 23 million ounces. That is over 40:1 leverage. Paper silver is about as good as an IOU or an Indian 1000 Rupee note. Only worth anything if the other party actually delivers.
What I find "Interesting" about the trades done using this almost fictional Paper Silver is that it directly affects the price when you trade physical silver.
Even Blind Freddy would value the REAL thing that you can actually hold in your hand a lot more than some obscure IOU from a multinational company that doesn't actually have the Silver "On Hand" to be able to deliver it to it's clients if requested.
If ALL the trades done were for physical Silver only the demand would far outstrip the supply and the Spot prices would adjust accordingly. :good:
Quote from: 'trout' pid='102459' dateline='1481262044'If ALL the trades done were for physical Silver only the demand would far outstrip the supply and the Spot prices would adjust accordingly. :good:
And the security and delivery companies would have a field day.
It cost a lot to move stuff around the world. That's why physical silver is priced higher than paper silver, and higher again if you take delivery.
https://www.abcbullion.com.au/store/silver has Allocated Silver @ $749.70/Kg and Bars @ $768.60 The Allocated storage is free, Secure is 1.5% and Premium is 1.8% Delivery is $25 and Insurance 1%. This is with a spot price of $730.
So, if you were a trader, why would you bother with the hefty premiums when you can trade paper? Sure its ephemeral, but then so is everything else these days. Even property titles have been destroyed, and are now only held electronically. And is there anything as tangible and permanent as land? :dodgy:
Quote from: 'trout' pid='102459' dateline='1481262044'What I find "Interesting" about the trades done using this almost fictional Paper Silver is that it directly affects the price when you trade physical silver.
Even Blind Freddy would value the REAL thing that you can actually hold in your hand a lot more than some obscure IOU from a multinational company that doesn't actually have the Silver "On Hand" to be able to deliver it to it's clients if requested.
If ALL the trades done were for physical Silver only the demand would far outstrip the supply and the Spot prices would adjust accordingly. :good:
This is why I don't understand people trading physical since it (and silver) is the most superior form of money, as Greenspan said. This is why the Deutsche Bank settlement, and I have no reason to expect the others that follow will be any different, will be available to anyone who traded gold or silver bullion, bullion coins, ETF's, or options and futures within the time period of the class action, in the USA.
Quote from: 'Fulvio' pid='102468' dateline='1481269742'Quote from: 'trout' pid='102459' dateline='1481262044'If ALL the trades done were for physical Silver only the demand would far outstrip the supply and the Spot prices would adjust accordingly. :good:
And the security and delivery companies would have a field day.
It cost a lot to move stuff around the world. That's why physical silver is priced higher than paper silver, and higher again if you take delivery.
https://www.abcbullion.com.au/store/silver has Allocated Silver @ $749.70/Kg and Bars @ $768.60 The Allocated storage is free, Secure is 1.5% and Premium is 1.8% Delivery is $25 and Insurance 1%. This is with a spot price of $730.
So, if you were a trader, why would you bother with the hefty premiums when you can trade paper? Sure its ephemeral, but then so is everything else these days. Even property titles have been destroyed, and are now only held electronically. And is there anything as tangible and permanent as land? :dodgy:
The people trading paper are those who want to hedge their production or holding costs, or speculators who think the price will rise and the exchanges are honest (they haven't been reading the news), or those who understand the bullion banks always bet against the speculators and join in with them.
QuoteAnd is there anything as tangible and permanent as land?
Land is not portable , It requires maintenance and you pay taxes/rates not to mention that you can loose it at the whim of the government.
Precious Metals are highly portable and have been used as a storage of wealth for Millennia.
QuoteIt cost a lot to move stuff around the world. That's why physical silver is priced higher than paper silver, and higher again if you take delivery.
By that reasoning if I was to hand deliver an once of Silver it would have to be worth more that an ounce of paper silver :)
I am siting on something like 7 kilos of silver. That is, real silver that I can produce and one can handle.
Am I to assume that the price for this "real stuff" is well under priced or what?
Further, am I safe with this amount of silver?
QuoteFurther, am I safe with this amount of silver?
Probably, As long as you don't let anyone know that you have it :angel:
Also you being Ex Military should make you a harder target than the average civilian :)
Quote from: 'Goldseeker' pid='102473' dateline='1481274795'I am siting on something like 7 kilos of silver. That is, real silver that I can produce and one can handle.
Am I to assume that the price for this "real stuff" is well under priced or what?
Further, am I safe with this amount of silver?
At its current prices your pretty safe with that amount of silver. If the value skyrockets your probably still pretty safe as long as you don't tell anyone!