beauanderos wrote:just be glad you aren't in Aruba
beauanderos wrote:just be glad you aren't in Aruba
PennyPauper wrote: Why can't you just buy your stash at the LCS?
beauanderos wrote:PennyPauper wrote: Why can't you just buy your stash at the LCS?
That's impossible. Neil is talking millions of dollars of physical. I doubt there's a local dealer around that could source $10,000 value for you, and that would be after several phone calls. Just because they advertise, doesn't mean they have it in stock. It's getting to the the point that silver isn't even the poor man's gold... it's the homeless person's gold. How long before the guys on the street corners are asking for just "a silver dime?" I'm sure our membership has developed the attitude of "will work for silver"... because that's our only hope of ever being lifted from the ever-shrinking pool of middle class folks. Those who fail to follow our lead will someday be sucked down the sinkhole of financial catastrophe, succumbing to a vortex of loss of purchasing power that is inherent with excessive money printing. I know I'm preaching to the choir here, but it makes more sense to dollar cost average into this pullback with modest weekly purchases... then it does to engage in a dangerous game of musical chairs, sitting on a pile of fiat that you hope to be able to convert to sourced physical on an ultimate dip. Others might well have that same idea, and the mad scramble that could ensue could virtually guarantee no filled orders should that event transpire.
neilgin1 wrote:"Stopped" , filed to take delivery on 500 cars bot on 25 Fen 2013
50 cars bot at 29.11 ----250,000 toz- $7,277,500.00
50 cars bot at 29.13-----250,000 toz- $7,282,500.00
200 cars bot at $29.05---1,000,000 toz $29,500,000.00
50 cars bot at 29.02----250,000 toz $7,255,000.00
100 cars bot at 29.00----500,000 toz $14,500,000.00
50 cars bot at $28.97----250,000 toz $7,242,500.00
receipts total 2.5 mln toz ---$73,057,500.00
4 Mar 2013 0540 CST
Bot 100 SIK13 (May 13 Silver) at 28.74
orders resting:
Buy 100 SIK13 @28.45
Buy 100 SIK13 @28.25
Buy 100 SIK13 @27.99
all "GTC" (Good Till Cancelled)
(later add) Bot 500 MWZ13 +30 over selling 500 KWZ13 ---MWZ13 @8.13/KWZ13 @ 7.83 at 0550 CST
(MWZ13 is Dec 13 Minneapolis Wheat......KWZ13 is Dec 13 KC Wheat. Minneapolis Wheat is Dark Red Northern SPRING Wheat, KC Wheat is Hard Red Winter Wheat....hey, there's other thing besides silver, gotta eat, and there's some nice snow covering the winter wheat areas, while the Spring Wheat hasnt even been planted...just saying....30 cents over? I'll buy it, its an acceptable risk...objective? 75 cents to $1.00 over)
Treetop wrote:the point here is to crash the comex right? Is there another way then? It was mentioned you couldnt just buy this much silver from a lcs. No doubt true. But what if you bought ALL the silver from ALL the coinstores? what if you bought out tulving and apmex and bullion direct and provident and golden state mint and several others DAILY. What if you joined all bullion related forums with a sales section and paid enough over spot that all the various people in all the various localities could buy out their lcs and sell to you for enough of a profit it was worthwhile.
Seems to me you wouldnt be the one knocking heads trying to take delivery. you would also have most of the silver in hand instead of potentially having it all tied up in paper with the comex, supposedly they can force you to take cash, or so Ive read.
Curious what you folks think.
Kurr wrote:I think if you had the money and stones to try and crash the comex and expose the lie, you'd prolly commit suicide. You know the kind, where it's clear cut, like tying your own hands behind your back and double tapping yourself in the back of the head. Or you'd fall drunkenly off a building at one of those fabulous rooftop parties even though you didn't drink.
I'd stay out of small boats for sure, and give up hunting.
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