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Comment by truth on July 19, 2011 at 1:25pm

11 Silver Investor Mentality Shifts

By: denmason
Tags:

• ECONOMY

We are going to see a huge shift in silver investor mentality. (By the looks of today’s action it could be today.) Silver buyers will no longer be “nerdy” guys talking about Austrian Economics or “momentum monkeys” trying to make a quick buck trading metals

Comment by truth on July 19, 2011 at 1:25pm

Thanks Maria!!

 

 

Comment by Maria De Wind on July 17, 2011 at 8:50pm

How much are your older coins worth today?

look them up at coinflation

Comment by Maria De Wind on July 16, 2011 at 10:12pm

Ron Paul vs Bernanke: Is Gold Money? - July 13, 2011

 

 

Comment by truth on July 13, 2011 at 6:03pm

 

Gold Advances to Record on Debt Crisis

Gold climbed to a record in New York on concern that Europe’s debt crisis will spread. Silver prices surged the most since March 2009.

Ireland joined Portugal and Greece yesterday as the third euro-area nation to have its credit rating cut to below investment grade.

The dollar fell against a six-currency basket on signs that the Federal Reserve will continue to use monetary stimulus to revive the U.S. economy. Investors have boosted holdings of exchange-traded products backed by precious metals to more than $125 billion.

Comment by Maria De Wind on July 11, 2011 at 10:46pm

Insider's Guide To Buying Gold & Silver At Wholesale ? PDF

Comment by Maria De Wind on July 9, 2011 at 8:55pm

NEW CHINESE EXCHANGE WILL DESTROY GOLD AND SILVER SHORTS, WHISTLEBLOWER MAGUIRE PREDICTS

kingworldnews.com 
JULY 06, 2011

Whistleblower Maguire - This Will Destroy Gold & Silver Shorts

 

This morning London whistleblower Andrew Maguire told King World News that the launch of the new gold and silver exchange in China will destroy the remaining gold and silver shorts.  Maguire stated, “The launch of this new gold and silver exchange has flown under the radar, but certainly has my attention.  I firmly believe we are marking a pivotal point that will in very short order affect current precious metals price discovery dynamics.  We now have an additional factor to be vended into the supply demand equation.  This factor will ultimately destroy the remaining short positions in both gold and silver.”

Maguire continues:

 

“China is keen to diversify their cash holdings and is also encouraging citizens to make investments in gold and silver.  The Pan Asia Gold Exchange is another step in this direction by opening up ease of access to physical gold and silver to their bank customers.  This physical backed exchange is going to be a big game-changer.

 

Just look at the scale of this to get an idea of how massive this game-changer will be, The Agricultural Bank of China has over 320 million retail customers and 2.7 million corporate customers and has integrated its customer account information system with this platform.

 

By creating the first ever rolling spot contract, Chinese bank customers will for the first time have ease of access to 10 ounce gold contracts in Renminbi directly from their bank accounts and with the click of a mouse.  To give a further idea of scale, if just 1% of their customers bought a single 10 ounce contract, that would equate to 1,000 tons of physical gold being drawn down....

“The impact on the price of silver will be even more pronounced.  Silver is a much smaller market and already in tight supply.  If just 1% of Agricultural Bank of China customers buy 500 ounces of silver, that would require 1.6 billion ounces of silver!  I believe the leveraged and naked existing short side concentration in silver will be blind-sided by this.  In my opinion it will create a massive short squeeze.

 

None of this potential new physical demand has been factored in by analysts and I expect a large and unanticipated drawdown of physical gold and silver over the next few months, ahead of the international contracts going ‘live.’

 

One of the key points here Eric is that many of these shorts are naked and heavily leveraged.  Thus for every physical ounce of gold and silver taken out of the physical market and into this new exchange in China, it will force many multiples of that to be covered in the paper market.”

Comment by Jose Villarreal on July 8, 2011 at 11:42pm

The Economic Death Spiral Has Been Triggered

One of the strategies is the Asian Mercantile Strategy.  The other is the US Dollar Reserve Currency Strategy. These two strategies have worked in harmony because

Read more

http://lonerangersilver.wordpress.com/2011/05/29/guest-post-the-eco...

 

Comment by Maria De Wind on July 6, 2011 at 10:31pm

BIS Changed Silver Data

(From $203 to $93 Billion in Silver Liabilities?)

Silver Stock Report

by Jason Hommel, July 6th, 2011

The Bank of International Settlements (BIS) has changed, or revised, their silver derivatives data in their derivatives reports.  The change took place between their June, 2010 report, and their December, 2010 report, for the period of June, 2009.  The change was from $203 billion in "other precious metals" liabilities, changed down to $93 billion.

The change took place, in Table 22A: Amounts outstanding of OTC equity-linked and commodity derivatives, By instrument and counterparty, in the category of "other precious metals", for June, 2009, Notional amounts outstanding.  

In June, 2009, the silver price was about $15/oz.  
http://www.silverseek.com/quotes/5silver.php 

This means that the $203 billion silver liability divided by $15/oz. shows that all the banks in the world that are tracked by the BIS owed 13.5 billion ounces of silver.  

But the entire world silver mining production is only about 700 million oz. of silver annually, so this is an admission that the banks owed about 19.3 years worth of world annual mine production of silver.  

The adjustment, from $203 billion, down to $93 billion was a drop of $110 billion, or more than half of the number!  The lower number, $93 billion, is still absurdly large, at about 6.2 billion oz. of silver, or about 8.8 years of worth of world annual mine production of silver.

The obviously large and very excessive amounts are the smoking gun of silver fraud by the western world's banks.

This BIS data is extremely important, because it is far larger than the excessive short selling amounts often noted at the COMEX, which typically is only about 1 billion ounces of silver, or less.

I attended the CFTC open hearings on silver manipulation.  A banking representative was asked directly what the banks were hedging by being so massively short of silver at the COMEX.  The answer was that the banks were "hedging client long positions in the OTC market".  That's obviously an admission of manipulation, because client long positions do not need to be hedged, since the client obviously wants to be exposed to the changes in the silver prices, which is why they bought silver to be held by the large LBMA member banks in the first place.  So if the banks are hedging client long positions, it means that the bank has not bought the silver, and that they want to prevent silver prices from going up, because if it does, then the banks will owe their clients a lot of money, so, to "hedge" that exposure, they short at the COMEX, which is the market that generates "price discovery", since trades there create a trail and record of prices.

After all, imagine what the silver prices would be if the LBMA banks actually went into the market to buy 13 billion ounces of silver, or 19 years worth of annual production.  Clearly, the silver prices could go hundreds if not thousands of times higher, and it could destroy the entire financial system of paper money.

The revision was an adjustment from $203 billion down to $93 billion, and the adjustment is strange, because it was the only number that was repeatedly and consistently highlighted in this silver stock report.  It's also strange because the amount of the value of the gold contracts, at $425 billion, and other commodities contracts, at $3101, went unchanged for that reporting period.

This BIS change is significant, both in the relatively large silver amounts, and the reporting period.  The change took place after I began publishing this BIS data, and soon after I filed the first anti trust complaint against JP Morgan with the Justice Department, in April, 2010.  

http://silverstockreport.com/2010/doj.html 

This data change also took place after the filing of approximately 25 lawsuits against JP Morgan over silver manipulation.

It has been difficult to document the BIS data change, since they often change the web links to their reports, and they change the reports directly.  But a helpful reader has discovered the original reports at the BIS website.  

From 2009, Dec report: $203 billion for the June, 2009 period.
http://www.bis.org/publ/qtrpdf/r_qa0912.pdf

From the 2010, June report: $203 billion for the June, 2009 period.
http://www.bis.org/publ/qtrpdf/r_qa1006.pdf

From the 2010, December report: $93 billion for the June, 2009 period. 
http://www.bis.org/publ/qtrpdf/r_qa1012.pdf
 
From the 2011, June report: $93 billion for the June, 2009 period.
http://www.bis.org/publ/qtrpdf/r_qa1106.pdf

Since the BIS changes their urls and reports, I saved all of these pdf files, which are archived here:

http://www.silverstockreport.com/BIS/r_qa0912.pdf
http://www.silverstockreport.com/BIS/r_qa1006.pdf
http://www.silverstockreport.com/BIS/r_qa1012.pdf
http://www.silverstockreport.com/BIS/r_qa1106.pdf

And since the BIS changes their urls and reports, I also captured a print screen of these pdf files being opened directly on the BIS website:

http://www.silverstockreport.com/BIS/0912.png
http://www.silverstockreport.com/BIS/1006.png
http://www.silverstockreport.com/BIS/1012.png
http://www.silverstockreport.com/BIS/1106.png

In conclusion, it's not a "conspiracy theory" that the banks are manipulating the silver market.  The BIS bank data shows the conspiracy.

And when the banks are saying indirectly, "don't trust us", given both the large amounts and large changes in their published data, it would be foolish to trust them.

It's a mathematical certainty that silver prices will explode upwards in price, and only people who hold their own silver will benefit from the major value change that's coming.  

You can buy real silver from us at www.jhmint.com

We have much lower prices, or premiums over spot, right now.  Everyone wants to buy on a dip.  Now's your chance!

 

 

=====

I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can.   The fundamentals of silver indicate rising prices for decades to come, and a major price spike can happen at any time.

Comment by Maria De Wind on July 2, 2011 at 1:26am

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