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Silver manipulation - the largest financial fraud in history

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Isn't this just a case of dealers seeking to cash in?
Pure gold is 24 Carat. In Australia gold jewellry is usualy 9 Carat or 18 Carat. In America it is 14 Carat.
The dealers buy the gold items for a discount to maximise their profits for when they resell them. It is not as if they can melt it down into ingots and hold them as an investment.
 
Explod the US has always had a large amount of second hand dealers and pawn shops trading in gold. Probably due to their low social security system. And of course their business is going to pick up in a recession. Thats just common sense.

What I have noticed on the last few trips that I don't think I've seen in more than 10 years is companies spruiking gold as an investment on prime time TV along the lines of,

"Gold is close to record highs and been going up, now is a great time to buy" etc etc etc.
 
Trembling Hand said:
LOL typical confirmation bias. I've been to the US 4 months ago and Europe before that explod, seen it with my own eyes.

You are full of it. Or your info is rubbish. Take ya pic.
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You are such a wonderfull fellow T/H, in fact, exude perfection. Must be lonely being the odd one up there. But do not fear the price of silver will soon be with you in the high and great place. "You been everywhere man"

Up again today as a matter of fact. Maybe the manipulators are running for cover.
 
Trembling Hand said:
Explod the US has always had a large amount of second hand dealers and pawn shops trading in gold. Probably due to their low social security system. And of course their business is going to pick up in a recession. Thats just common sense.
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If you have a look at my post it was the UK not the US, on those after the scrap. And here too, we had a flyer in the box over the weekend of a mob wanting scrap or other bullion and will be at Mornington next weekend.

Why are dealers desperate to get the stuff??
 

As usual EXPLODE you only address the points you want to. Why are they advertising prime time to sell the useless stuff???? Dose that make you happy.

Please answer just one friggin point that doesn't sit with your bias.
 
electronicmaster said:
What sort of BS are you dealing with on this matter?
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Knew I wouldn't have to wait long. Have a look at Explode. Watch him ignore my question. I've already said yep gold dealers are busy at the moment but will Explode reply as to why there are ads on US TV about investing in gold which, to me, is a new thing?

NO F'en way. A discussion with a bug sooner or later turns into a discussion with a brick wall.
 
Trembling Hand said:
As usual EXPLODE you only address the points you want to. Why are they advertising prime time to sell the useless stuff???? Dose that make you happy.

Please answer just one friggin point that doesn't sit with your bias.
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Wrong, my information is that they are trying to buy the stuff in the UK and here in Aus. I do not know about the prime time in the US, can you assist with that.

Happy discussions with a goading gun. The cussing is not a good look either.
 
Trembling Hand said:
just like that one.
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Oh ok, yea. That's true. But even so it does not mean most people know anything about Silver and Gold investing.

In fact, most think that those adds are a scam like any other add they see on TV. Just like we view any other add on Australian TV. Just because they are advertising Gold and Silver does not mean the audience thinks they should buy it or learn about investing or modern money mechanics.

Here is some evidence:-

EDIT
end edit.

A lot of them don't know that their own Constitution is the only thing that gives them freedom from the government. Not that the constitution is been followed by governments any more.

Evidence:-


Yep, And I'd say you would get the same results here in Australia too. Australia also has a constitution. I don't know what is in that constitution myself. I think Gold and Silver is mentioned in there.
 
electronicmaster said:
Oh ok, yea. That's true. But even so it does not mean most people know anything about Silver and Gold investing.
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Yep agree 100% for me its something new and stood out but probably until everyone knows about it will not mean much either way.

BUT

That will of course not stop explod using what he sees as a positive while NEVER acknowledging that the very opposite is also out there and should count as an equal negative. Go figure hey. Another fact/point ignored by the bugs while they scream manipulation.

I'm done with arguing. You know what they say about arguing with a ......
 
Time out.....................

Let me help clear some info for you guys.....

There are 2 markets the gold dealers are trying to target

*1 The scrap
*2 Gold Investment

You have to understand there has been more hype on gold then perhaps there has ever been in 2 or more decades (even my brother inlaw who does superannuation seminars for centrelink customers was asked by some people about investing into gold which is a 1st ever.).

So in the scrap field since i have been buying (few yrs now) perhaps in the last 2 yrs there has been a massive amount of "companies/scammers" who have come in purely to buy/sell and make a hugh margin. 1 of them is Gold buyers who in 6 months opened 150 shops and makes ****loads of cash. These guys will leave the seen once things die down and they have made their fair share.

And because of the gold hype of course gold has become a main attraction to gold "investment" bullion/coins etc.... the last 2 yrs has seen perhaps the busiest times for people selling bullion etc... I have sold so much bullion its not funny and alot of my customers have been flat chat selling 100 ounces a day sometimes.

All in all yes the hype has fueled the price no doubt but remember TH it would be wise to hold a small allocation of your portfolio in actual physical for wealth preservation. But then again each person knows their situation the best so everyone is different and has different views.

P.S i just bought 4.5kgs of scrap today so obviously people are still in the spirit of recycling

The 1 very interesting thing thow which has never happened before is that super companies are actually now looking at allocating a small section to commodities (mainly gold) which could effect the POG in a big way. But thats a work in progress. (this was confirmed by the chief of ABC melb).
 
T/H can you give any clear indications of negatives for silver at this time. Since 2001 the chart indicates that it is in a long term up trend.

The add on u.tube does not indicate if they are flogging physical in the hand or paper notes or shares such as ASX GOLD. There is a big difference and in a big squeeze the latter holders could end with ziltch.

Interview with Ted Butlers on his present to the US President's enquiry into silver manipulation is worth a look. see http://news.silverseek.com/SilverSeek/1271170061.php
 
Exclusive: Second Whistleblower Emerges - A Deep Insider's Walkthru To Silver Market Manipulation


A second whistleblower speaks. As the topic of physical delivery has gained prominent attention recently, it is crucial to complete the circle and show how this weakest link in the PM market is (ab)used by the big boys: Phibro and Warren Buffet. Pay particular attention to the analogues between the methods employed in the 90's commodity market and how the PM (and equity) market is being gamed currently. And to think that each new generation of traders believes it has discovered something new...


http://www.zerohedge.com/article/ex...-insiders-walkthru-silver-market-manipulation
 
Silver prices to ZOOM if manipulation is proved

The articel link is here:-
http://www.commodityonline.com/news/Silver-prices-to-zoom-if-manipulation-is-proved-27411-3-1.html


KING World news interviews Jim Rickards

In our continuing coverage of what could be the largest fraud in history we interviewed Jim Rickards the day after the release of the Harvey and Lenny Organ and Adrian Douglas blockbuster to get his...

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2010/4/14_Jim_Rickards.html

Is Silver Ready to Surge?
uncommon wisdom
http://www.uncommonwisdomdaily.com/is-silver-ready-to-surge-9174?FIELD9=1
 
Eric Townsend at financialsense.com has written an article which debunks some of the claims this thread has raised. Here is his article, which is rather long as he attempts to clarify some of the issues involved and he explains how the futures markets work.
 

But he is very careful to say that he is not sure if the Fed are behind the fourth point, that is that JP Morgan's forward contracts positions.

Another view again which indicates some convienient ommissions on physical backing :- http://news.goldseek.com/GoldSeek/1272028191.php
 
There is good reason to question JP Morgan’s concentrated short position in COMEX silver futures, and to investigate allegations that JPM used it to manipulate the silver market.
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That's about the crux of it then? The fact that GATA stuffed up in their exuberance is a side issue?

Looks like 'the losers' have been vindicated yet again with the SEC charges against Goldman Sachs, although they will probably let some poor low rank take the rap? But the noose is tightening on the neck of the 'too big to fail' boys club, only a matter of time for the truth to be revealed?
 

And further yet on good old Goldman Sachs (which I posted up early today on the gold/silver investment thread ) is well explained by Jeff Nielson and is appropriate here too.

http://www.bullionbullscanada.com/i...-and-gold&catid=48:gold-commentary&Itemid=131
 
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