Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

silver price manipulation whistle blower assassination attempt

Options
1235723

Comments

  • Kilty_2
    Kilty_2 Posts: 5,818 Forumite
    Really2 wrote: »
    How desperate is this thread?

    Can it be shut now as it only seems to be a running commentary by the OP to ramp where he as put his money.

    You ain't going to cause a silver stampede on here. It' still nearly 10% below what it was 3 months ago.

    +1.

    Googling reveals similar posts and suchlike elsewhere.......
  • MrEnglish
    MrEnglish Posts: 322 Forumite
    Kilty wrote: »
    +1.

    Googling reveals similar posts and suchlike elsewhere.......



    Googling the story reveals that the truth is almost everywhere but the mainstream news.

    Its just to big for them to run the story, think about it.

    The end of the Pound, dollar and other currencies is at stake.

    Make no mistake this has always happened throughout history. When units of paper currencies are expanded beyond comprehension, all that paper is chasing the very small pile of real money - Gold and Silver.

    http://www.youtube.com/watch?v=yLxoeLqQMlw
  • phil_b_2
    phil_b_2 Posts: 995 Forumite
    I can't tell you how long I've been hearing gold and silver bugs preach about how all currencies are going to completely collapse and gold/silver will go up in value by at least 300000% or so. We supposedly should be loading up on ammo and food too, of course...

    It's getting a bit rediculous. It's like HPC'ers, saying the next huge crash will happen after mortgages get cut, then when interest rates rise, then when winter comes, then when QE stops, then.... whatever.

    Gold bugs dont seem to acknowledge that when/if their predicted economic scenario comes around, the last thing anyone will care about is lumps of heavy yellow metal.
  • Charterhouse
    Charterhouse Posts: 296 Forumite
    You're a nut.
  • marklv
    marklv Posts: 1,768 Forumite
    harryhound wrote: »
    Having listened to the audio interview - the suggestion is that, like the fractional banking system, there are bits of paper floating about saying this entitles the owner to x amount of silver but in reality the actual silver is only 10% of what is on the note. As long as everyone is happy to deal in these gambling chips, there will be no problem - other than the built in instability created by this gearing. If push ever comes to shove and like gold people decide to cash in their chips, there will be a surge in price and blood on the floor. Onspite of the efforts of the French and Spanish (and the Americans - see the Wizard of Oz ) silver has never had the same magic as gold.
    So with a bubble like that almost anything could happen before it bursts.
    In the Bunker Hunt example there was a massive surge of old silver being melted down and eventually the Bunker Hunts ran out of money and the price came right back down again.
    Silver is not used the way it used to be now that everything can be stored as digital, we don't need photographic film?
    I've no idea of the point of balance between quantitatively eased sterling and silver.

    http://en.wikipedia.org/wiki/Political_interpretations_of_The_Wonderful_Wizard_of_Oz

    The slippers will in the end liberate Dorothy but first she must walk in them down the golden yellow brick road, i.e. she must take silver down the path of gold, the path of free coinage (free silver). Following the road of gold leads eventually only to the Emerald City, which may symbolize the fraudulent world of greenback paper money that only pretends to have value, or may symbolize the greenback value that is placed on gold (and for silver, possibly).[7]


    The long term trend is that silver prices will go up. Nothing to do with photography etc, but the plain fact that if gold becomes ridiculously expensive, as is happening, more people will buy silver instead, and that will push up the price of that metal as well. Also silver conducts electricity better than any other metal on the planet, including copper, so I see a demand for it in future years.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    marklv wrote: »
    Also silver conducts electricity better than any other metal on the planet, including copper, so I see a demand for it in future years.

    But Coper is more economically viable and not far of the same in conductivity.
    Mind you when optics get used more and more who will want the limitation of metal for sending data when you have the speed of light?
  • purch
    purch Posts: 9,865 Forumite
    I can't see how the manipulation of the small and relatively insignificant Precious Metals markets can in anyway be described as "the biggest fraud in history"

    Manipulation of prices goes on in every market, and the smaller the market the easier it is to do.
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    purch wrote: »
    I can't see how the manipulation of the small and relatively insignificant Precious Metals markets can in anyway be described as "the biggest fraud in history"

    Manipulation of prices goes on in every market, and the smaller the market the easier it is to do.

    To add why as this "massive fraud" not seen any significant increase in price?
  • Charterhouse
    Charterhouse Posts: 296 Forumite
    Just for what it's worth, I read all the emails and it's quite clear that the guy has some sort of paranoid delusion. He seems a bit obsessed. You might have to check this out but I'm not sure market manipulation is even illegal in commodities, even if that is what is happening, which I am in turn not sure of.
  • MrEnglish
    MrEnglish Posts: 322 Forumite
    purch wrote: »
    I can't see how the manipulation of the small and relatively insignificant Precious Metals markets can in anyway be described as "the biggest fraud in history"

    Manipulation of prices goes on in every market, and the smaller the market the easier it is to do.



    Its in the multiple trillions. What comes after trillion? Quadrillion?

    Thats how big this fraud is. Thats why its being described as the biggest fraud in history.

    I know its hard for the human brain to understand such numbers, most people just dismiss it (by the ignorant posts here) because they cant understand it.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.