silver price manipulation whistle blower assassination attempt

Silverbull

harryhound wrote: »

This is all based on the idea that silver is now a better store of wealth than gold.?
on the other side of the balance we have
Is gold a more important industrial commodity than silver.?

I have a feeling that gold wins on both questions.

Gold has had its big gains already. We keep hearing a new all time high in all the major currencies. More to come for gold Im sure but silver hasnt yet had the big moves to all time highs YET!
It always follows gold throughout history.

Soon we will hear silver is at a new all time high, but its got to go past $52 for that.

Its still under $20 so way undervalued an absolute bargin investment.

So yes at the moment silver is a better store of wealth than gold.

"on the other side of the balance we have
Is gold a more important industrial commodity than silver.?"

The amount of gold in the world isnt going down, its becoming more abundant. It doesnt get used up like silver does. The little gold that is used in industry gets recovered almost 100%.

The silver price has been suppressed so low that its not worth trying to get back the silver used in industry. It costs more to get it back than its worth if you do.

So silver is becoming more and more rare. More has been used up and consumed than has been mined for so long, look at my sig.

Besides silver is a more important industrial commodity than gold for its electrical, reflective, conductive properties. No other substance on the periodic table can replace it for industrial uses.

Silverbull

Ted Butler says if these regulators dont start regulating the silver price suppression soon, then someone else will.

After the attack on the whistleblower the silence is deafening.

"If they dont end the suppression soon Get rid of them and get someone else in there who will, fieworks for the silver price."

http://kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/6/19_Ted_Butler_on_the_Metals_Market.html

lvader

Silverbull wrote: »

.

Besides silver is a more important industrial commodity than gold for its electrical, reflective, conductive properties. No other substance on the periodic table can replace it for industrial uses.

By that arguement you should be investing in copper rather than silver.

Silverbull

lvader wrote: »

By that arguement you should be investing in copper rather than silver.

No not at all, there is no shortage of copper. The copper price will be coming down because there is plenty of it and its not a safe haven people run to when there is a currency crisis like the Euro has now.

Thats only half the reason why silver price has to go up a lot.

Silver is an industrial metal and its being used up more every year than is mined. So stockpiles have been going down.

Its also a form of money like gold and thats why investment demand is at all time high levels all around the world.

sabretoothtigger

The story of $50 silver and how silver dropped $10 in a day, lost 66% in one month. Hunt brothers attempted to setup their own currency based on silver but failed

http://www.sharelynx.com/papers/BunkerHunt.php

Silverbull

sabretoothtigger wrote: »

The story of $50 silver and how silver dropped $10 in a day, lost 66% in one month. Hunt brothers attempted to setup their own currency based on silver but failed

http://www.sharelynx.com/papers/BunkerHunt.php

Very good article Sabretooth. I read that for the first time a day before you posted it. Did you get it from silverfuturist from youtube?

It makes me think all the Hunts did was keep buying as much as they could for over a decade and silver wasnt rare then.

It was early in the 70`s that they started buying a lot, but there was a lot more silver in the world then than there is today.

It took 10 years for the price to explode.

Then the CFTC and others changed lots of rules to make it very difficult for the Hunts and with help from very powerful people eventually made them sell all there billions of oz`s of silver bullion in a very short space of time. This brought the price crashing down. They have suppressed the price down all this time but they are losing control now.

Sabretooth did you listen to Ted Butler said about the regulators still not doing anything about the suppression?

http://kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/6/19_Ted_Butler_on_the_Metals_Market.html

sabretoothtigger

Did you get it from silverfuturist from youtube?

Yes thats right. I posted a short video on silver price estimating a rise and that showed up as related, he seemed worth listening to

The Hunts main mistake seemed to be hubris basically, the system chewed them up because used too much leverage just as Volker raised the cost of borrowing.

Even when your right the market wants you to lose money, if they had just held silver physically or even as mining shares they'd have been ok


I think in that article they say a high price is its own regulator. With silver at $50 it really kicked back through the system
Im really more interested in who and why people sell silver, every deal has two sides.


I'd say regulators are going to favour government policy basically, right or wrong. We have a general policy of loose money.

Clamping down on speculation positive or negative wouldnt really fit in with the Fed lending money so cheaply. Thats the biggest regulator they have and its basically off the leash

Also you have to consider just how inefficient all parts of government can be. This might explain alot :laugh: http://www.theatlantic.com/business/archive/2010/04/did-!!!!!!-cause-the-financial-crisis/39414/

A free market is the best regulator of efficiency and thats why so many politicians dislike and oppose it


Why BP will not survive:eek:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/6/18_Jim_Rickards_-_Why_BP_Will_Not_Survive.html

Silverbull

I remember that, the regulators watching !!!!!! instead of regulating.

Thats why Im so angry when I hear people say we need more regulators.

The regulators always stand aside and dont regulate anything. The masses dont even know whats going on.

But what Ted Butler is saying is that enough of the public know the truth now and the power of the people will get them kicked out or start doing their job.

All those thousands of people all over the world who wrote to the regulators to ask them to stop doing nothing and start regulating. If all of us just buy a few hundred ounces of real silver each then the paper game is up. Its just a matter of time.

You are right a free market is the last thing the silver price manipulators want, but the question is can they prevent it this time? Every other time this cycle has happened throughout history, gold and silver win out.

Governments have always tried to cheat gold and silver by trying something else as money. Every single time for thousands of years it has always failed and real money gold and especially silver have always revalued to catch up with all the dishonest money that has been added to the worlds supply.

The more paper currency being added to the worlds supply now, the higher the price of real money gold and silver will be.

There is only a tiny pile of gold and silver in the world that has to try to account for all those trillions and trillions of all the different paper currencies all around the world. The $ the Euro, Pound Sterling etc etc.

Silverbull

Sabretooth I tend to agree with your silver youtube vid

http://www.youtube.com/watch?v=NW-gzMSjITk&feature=channel

that most likely silver will rise steadily about 19% as it has done with lots of peaks and dips. Very good buying in ops in the big dips. But wouldnt you say there is a very good chance of the price exploding at some point? Especially when you consider the investment demand is taking off and industrial demand is also on the up. The supply is drying up, because the price of silver is still bellow mining costs. Who wants to mine silver at a loss. This is a situation that cannt last. The price has to go up.

Also agree with you Euro youtube vid. The Pound, Dollar etc will all follow the Euro sooner than most think.

http://www.youtube.com/watch?v=ro_7U0v2QLY&feature=channel

Anyone still holding Euros should buy gold or especially silver as soon as possible.

harryhound

Any body got the history of how gold was fixed at 35 USD per oz?
You might well be right about silver in the long term BUT I would have hated to buy gold on the UK at say 40 USD/oz and then finding trading my gold made illegal.
(A friend of my late father got a nice promotion for sorting out the gold smuggling by the staff of BOAC - Better on a Camel if you are too young to remember).

Though we could argue that the huge growth in international travel will make re-introducing the suspended exchange control measures; perhaps we should stock up on opium - ever expanding world population of no hopers should produce an increasing demand.
[Seriously though we had a lot less trouble in UK, when heroin was on prescription.]