tag:blogger.com,1999:blog-3034901630224544639.post8545292925864569711..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: A Change of LeadershipTurd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger270125tag:blogger.com,1999:blog-3034901630224544639.post-13901540001617150982011-04-29T19:31:06.013-04:002011-04-29T19:31:06.013-04:00ChinTest<a href="http://www.apmex.com/" rel="nofollow">ChinTest</a>Chin Musichttps://www.blogger.com/profile/09961839257953865213noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-11459950276297745892011-04-29T15:46:17.920-04:002011-04-29T15:46:17.920-04:00Yukon Cornelius,
Someone on smartinvestment.ca wa...Yukon Cornelius,<br />Someone on smartinvestment.ca was commenting that you had a blog that has been cancelled.They speak highly of your insights, can you let me know so I can pass it on. If you haven't heard of smartinvestment.ca sight you guys should check it out , very professional and informative. KDHobokenKidhttps://www.blogger.com/profile/13712587954179952688noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-31838613587702291342011-04-28T22:23:30.467-04:002011-04-28T22:23:30.467-04:00Are you saying in your comments, Turd, that your g...Are you saying in your comments, Turd, that your glad the goons that put in the margin increases actually helped in slowing the market down therefore allowing a slower, more solid rise?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-42511730253209510232011-04-28T18:49:48.263-04:002011-04-28T18:49:48.263-04:00I wasnt going to sell any of my physical silver, b...I wasnt going to sell any of my physical silver, but don't have any gold, so I thought of selling a 100 ounce Englehard and buying 3 gold eagles. The guy at the coin shop wasn't interested in my 100 oz bar, he said he had dozens of them and was selling them at spot. He had a lot of 10 oz bars for $1.50 over spot. He had the gold eagles for $80 over spot which I think is reasonable. But if I can't sell the bar....<br /><br />Going forward, I'm thinking my silver buys will be 1 to 10 oz pieces, as I think they will be easier to peddle in the future, especially if silver winds up where we think it will. And if the coin shop isn't buying, or paying well below spot, perhaps on Craigs list. <br /><br />What are any of your experiences with selling physical gold and silver? I'd love to race to the store on a dip, buy some, and turn around and sell them on Craigs list for a nice profit in the future, maybe spot + $1? If I had some powder...<br /><br />I was kind of surprised at this first experience. Maybe it was just the timing...stevehttps://www.blogger.com/profile/11724754348917226685noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-82887511170726060062011-04-28T17:59:14.934-04:002011-04-28T17:59:14.934-04:00@johnboatcat
The ATB coins I mentioned are not th...@johnboatcat<br /><br />The ATB coins I mentioned are not the 2011, but the first coin in the 2010 5 oz. series. Today is the first day of issue, and it is the Hot Springs National Park coin, Brilliant Uncirculated (BU)in a US Mint box with the COA. <br /><br />Hope this helps. Link was included with original posting.Anonymoushttps://www.blogger.com/profile/17571471555573939661noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-80558866695219541342011-04-28T17:00:06.103-04:002011-04-28T17:00:06.103-04:00Stephen,
a silver dollar contains .77 oz per doll...Stephen,<br /><br />a silver dollar contains .77 oz per dollar. smaller coins have .715 oz per dollar.ferretflathttps://www.blogger.com/profile/13439840167038768394noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-56081783232150596702011-04-28T16:34:50.854-04:002011-04-28T16:34:50.854-04:00@geoff
http://maxkeiser.com/2011/02/28/ishares-si...@geoff<br /><br />http://maxkeiser.com/2011/02/28/ishares-silver-trust-slv-scam-exposed/<br /><br />http://seekingalpha.com/instablog/121744-mark-anthony/13311-warnings-to-precious-metal-etf-investors-buyer-bewaresphttps://www.blogger.com/profile/11069711972135622282noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-40131174469069361722011-04-28T16:25:47.898-04:002011-04-28T16:25:47.898-04:00@uptofreedom
thanks for trying, but that is not w...@uptofreedom<br /><br />thanks for trying, but that is not what i want.<br /><br />i want a graph of (silver spot price "multiplied by" USDX) vs time<br />for example today silver is 48 and USDX is .73. The relative price of silver is thus 35.04. On Jan 2nd silver was 30.7 and USDX was .79, for a relative price of 24.25. <br /><br />i realize a graph of silver price either way is still extremely bullish, but for me it would give me an intuitive perception of how bullish silver really was compared to stocks and gold corrected for what is pretty incredible dollar devaluation over the last 6 months.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-20834426209561736292011-04-28T16:22:06.691-04:002011-04-28T16:22:06.691-04:00@ Ginger
Tried to post this twice and my computer ...@ Ginger<br />Tried to post this twice and my computer crashed- go figure.<br />A follow up on the authenticty of Obama's birthcertificate- make up your own mind<br />http://www.brasschecktv.com/page/1089.html<br />Before Turd came along I recommended brasschecktv.com to many people. It's free and they send you a video every day. Its really a library of 1000's of whistle blowers telling you what's really going on. Easier than trying to explain to the skeptics who think your nuts. If you wanted to know about the Kennedy assination, the federal reserve bank, vaccinations, tesla free energy machines, drug cartel, industrial military complex,Iran Iraq war, HAARP, etc etc. This is the place to go.<br />Sister channel about economics and forbidden topics. Rooftop gardening etc. etc.<br />BlessingsHAVEFAITHhttps://www.blogger.com/profile/14145129592155238696noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-33783605747986579582011-04-28T16:20:42.208-04:002011-04-28T16:20:42.208-04:00Thank you for your patience.
New thread.Thank you for your patience.<br />New thread.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-80298172433755784842011-04-28T16:19:46.399-04:002011-04-28T16:19:46.399-04:00only trying to be helpful here ... also based on 7...only trying to be helpful here ... also based on 715 ounces per $1000 face value you can determine the amount of silver in a dime and other 90% silver coins:<br /><br />silver in a dime = (.10/1000) x 715 = .0715 ounces<br /><br />Multiplying that by 2.5, 5, and 10 says that quarters, 50c pieces, and silver dollars have .1875, .3575 and .715 ounces of silver respectively when they are 90% silver (1964 and older).Stephenhttps://www.blogger.com/profile/10372707621016532705noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-69421794471431391772011-04-28T16:13:00.907-04:002011-04-28T16:13:00.907-04:00Geoff, this isn't the answer you're lookin...Geoff, this isn't the answer you're looking for but I'll throw in my reasoning and it's pretty simple. I don't worry about SLV vs PSLV, allocated vs unallocated etc., because there is counter-party risk in all of them. And the rewards of counter-party risk is paid in fiat, which is the mother of all counter-party risks. That's reason #1 why I buy physical. (That and I'm a poor paper trader)<br /><br />I understand why some continue to trade, especially if they're successful. I just don't think it can be proven one way or the other until....it's too late. Ponzi's work great until the SUDDENLY don't. Maybe that day will never come, but if it does ONLY then will we have a definitive answer but at a very high price. <br /><br />I didn't buy a ticket for that ride so I'll watch over here on the bench with a corn-dog and my heavy sack. ;-)Prize Fighterhttps://www.blogger.com/profile/04022348989137464947noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-59736232463343343252011-04-28T16:10:26.164-04:002011-04-28T16:10:26.164-04:00Tell it, SSK-
Is it too much to ask to just have ...Tell it, SSK-<br /><br />Is it too much to ask to just have the miners go up 2 days in a row? My miner mutual fund is still in the red, and every time I think it's going to break out, it gets whacked again..... you can't even count on market up, metals up equals miners up....sigh.Kiwi#1https://www.blogger.com/profile/14398102273757175751noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-23720299540376007942011-04-28T16:10:25.930-04:002011-04-28T16:10:25.930-04:00@Cris,
Sorry if that post made you feel belittled....@Cris,<br />Sorry if that post made you feel belittled. I find it odd it was deleted, because I do not think it was trollish, and it is sad if we are not allowed to laugh at ourselves once in a while. Perhaps I can only be serious.<br /><br />My two cents,<br />I don't want to attribute anything to Yukon, but I certainly agree with several of his recent posts where he argues a quite eloquent and reasonable contrarian view. I recommend all to reread them and consider the full weight of his words.<br /><br />My words: There is inherent danger to groupthink, either for those who deny there is any possibility of conspiracy and for those who attribute everything to conspiracy . There is inherent danger to the groupthink specifically found on this website, that silver will always go up in price, that the only reason for price drops is manipulation by EE, and that silver would be priced at 100 right now if it wasn't for BM, JPM, and HSBC. <br /><br />People make very serious financial decisions based on opinions stated here - placing themselves at risk that they may not clearly understand, and it's reasonable for someone, every now and then, to point out the very clear bias displayed by posters here.<br /><br />Everyone here quotes "facts" all the time. In the last 3 days I have seen these "facts"<br />1) "Silver:gold is 16:1 in the earths crust." Read anything other than silver institute (funded by silver miners and jewelry companies - surely they cannot possibly be biased), most other independent resources (without a fiduciary interest in high silver prices) state the silver to gold ratio is anywhere from 30:1 to 70:1. <br />2) "90% of all silver mined in a year is used by industry." Wrong. 55% of all silver used per year is used by industry, and about 90% of silver used is supplied from mining, so maybe 61% of all silver mined is used by industry.<br />3) "Industrial silver usage is at its highest levels ever." Wrong, 2008 was the peak, 2009 and 2010 were both lower in terms of industrial usage. With continually lowered expectations for GDP this year, increasing input costs for both corporate and individual consumers, and Japan crisis, it is possible we will not see a significant increase in usage this year either.<br />4) "$1000 face value of "junk silver" contains 15 oz of silver." WHA???<br /><br />Stay skeptical. Do your best to recognize internal and external bias. Watch out for greed. Remain objective. Be ready to cover your ass. Don't dismiss someone who has a different view. <br /><br />If Turd deletes this post too, I will stop contributing at all and just "mine" it for those comments that I think are constructive and reasoned.<br /><br />MHT<br /><br />p.s. as my other post was deleted two days ago, i just want to give letey petey a shout out, and say that I looked more at planned parenthood after the previous mysogenistic post and donated some money to planned parenthood.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-37674079246166874702011-04-28T16:05:23.847-04:002011-04-28T16:05:23.847-04:00Closing out a trade at end of day has been impossi...Closing out a trade at end of day has been impossible the last couple weeks. I've been more successful selling in AH and pre-AM markets.<br /><br />It's a relentlessly rigged miner market. Bring on the freaking earnings.SSKhttps://www.blogger.com/profile/08201177214232727132noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-51881921691969576182011-04-28T16:04:23.960-04:002011-04-28T16:04:23.960-04:00US silver coin is 90% silver but a dollar face do...US silver coin is 90% silver but a dollar face doesn't weigh 1 oz.Rickhttps://www.blogger.com/profile/12689336038450859345noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4446871895204960042011-04-28T16:00:02.108-04:002011-04-28T16:00:02.108-04:00Thanks, johnboatcat. I didn't know about that...Thanks, johnboatcat. I didn't know about that link. CEF is really starting to tick me off. I went to it because I was looking for some of the stability of gold with the upside of silver. Some okay upside (obviously not as much as silver) but stability? Maybe once the secondary is far in the rear view mirror things will calm down....Geoffhttps://www.blogger.com/profile/15735335855456847489noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-50599865437331641112011-04-28T15:58:39.711-04:002011-04-28T15:58:39.711-04:00Good point here:
FutureMoneyTrends.com believes t...Good point here:<br /><br />FutureMoneyTrends.com believes that the best way to understand what is happening with metals is understanding the correction. With the COMEX, silver shortage, ETF's, and the amount of currency in the system, it is important to understand that when the precious metals go up in fiat dollars, that is the correction. With less that 1% of global financial assets in gold, any move up in price is gold correcting to its real value. Historically gold, in a modern society, has been around 20% of global financial assets. So, as you can see with it currently being less than 1%, the imbalance is the gold price being too low. Imagine what will happen if pension funds and other investors just move a small portion of their portfolios to gold, even seeing gold rise to 5% of global financial assets could put it at $8,750 per ounce!AgApe47https://www.blogger.com/profile/15384699384193704820noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4809358201985572082011-04-28T15:58:01.293-04:002011-04-28T15:58:01.293-04:00This is an ugly close for the miners. IN fact, I&#...This is an ugly close for the miners. IN fact, I'm seeing my worst action of the day in the portfolio. <br /><br />Mister— Morels are everywhere. I'm just terrified of poisoning my family!SSKhttps://www.blogger.com/profile/08201177214232727132noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-19706882789933372132011-04-28T15:55:48.971-04:002011-04-28T15:55:48.971-04:00oldNavy not sure if you were joking in your previ...oldNavy not sure if you were joking in your previous post about 90% junk silver being 75% . . . but here's how i use the 715 ounces per $1000 face value to determine the value of my junk silver. Assuming spot price of $49/ounce: <br /><br /> Value of a dime: (0.10/1000) x 715 x 49 = $3.50 <br />Value of quarter: (0.25/1000) x 715 x 49 = $8.76 <br /><br />everything else is a multiple of these (or multiple of the dime). Handy to remember the even number of ounces per $1000 face value. Earlier when i had the number of ounces per $1000 wrong I would have discovered the mistake pretty quickly once i got the calculator out to determine value of a dime.Stephenhttps://www.blogger.com/profile/10372707621016532705noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-82480629057381356972011-04-28T15:54:56.110-04:002011-04-28T15:54:56.110-04:00Thx Fleve. I had the same problem as Eric. Solved ...Thx Fleve. I had the same problem as Eric. Solved now.Rickhttps://www.blogger.com/profile/12689336038450859345noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-20919521699139927752011-04-28T15:52:27.139-04:002011-04-28T15:52:27.139-04:00Okay, I've got a serious question. I've b...Okay, I've got a serious question. I've been here a while (posted as Airgead agus Ur before I decided that was too impersonal -- not to mention obscure). The last person who asked this got replies like if you even have to ask why are you here, you idiot. I didn't see a good answer, though. Maybe I'll get those too; can't be helped.<br /><br />Why is everybody convinced SLV and GLD don't hold what they say they do, or that it is encumbered in some way in direct contradiction to their prospectuses? Over on ZH Tyler (I think) said of the SLV response that the official denial shows it must be a scam. Of course, that is like claiming that somebody who says they can quit drinking any time is an alcoholic.... Sure an alcoholic would say that -- but so would someone who wasn't.<br /><br />The one thing I'd really worry about is the same thing that could encumber any stock, and that is short selling. If I buy a stock that is sold by a short seller who borrowed it, or if my stock is lent by my broker to somebody else who sells it, where does ultimate title reside? I think this only would matter in a complete bustup of the system, though, at which point it may not matter because everything is screwed (including CEF, PSLV, etc).<br /><br />Anyway, if there is some logical, coherent argument out there as to why SLV and GLD are fraudulent, could someone either post a synopsis or a link to it? I really would appreciate it.<br /><br />Being told to piss off like a low-life troll, not so much :-)<br /><br />GeoffGeoffhttps://www.blogger.com/profile/15735335855456847489noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-89184002242103535052011-04-28T15:50:42.121-04:002011-04-28T15:50:42.121-04:00OldNavy:
>So, 90% silver coins are 71.5% silve...OldNavy:<br /><br />>So, 90% silver coins are 71.5% silver. Got it, I guess.<br /><br />Nope they are 715 OZ per $1000<br />So you multiply the face value by .715 to get the OZ in silver.<br /><br />A 90% dime weighs 2.5 grams or 0.0803 oz * 90% = 0.072 oz<br /><br />So it is 90% silver, just that a dollars worth only has 0.715oz of silver<br /><br />BTW<br />OldNavy Thanks for your service.Paul Breedhttps://www.blogger.com/profile/11024641086551653462noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-44433947021342462582011-04-28T15:49:56.858-04:002011-04-28T15:49:56.858-04:00anyone know about truffle "farms"? it...anyone know about truffle "farms"? it's a booming industry in oregon. but will people really want to pay for truffles next year? i thought it would be cool to have a pig and some dog truffle sniffers...CookieMonsterhttps://www.blogger.com/profile/08356636942317775128noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-66891561032805156902011-04-28T15:47:43.414-04:002011-04-28T15:47:43.414-04:00Umm anyone watching the DOW?Umm anyone watching the DOW?Billhttps://www.blogger.com/profile/06623291271325261181noreply@blogger.com