Silver Update: Sham Silver Stockpiles

October 25, 2012 By 16 Comments

BrotherJohnF’s latest Silver Update: Sham Silver Stockpiles


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Comments

  1. Avatar of Romans828IsTrue Romans828IsTrue says:
    October 26, 2012 at 12:27 AM

    Dear Doc,

    I really appreciate your website and all of the valuable insights you bring to the table. I just finished watching this video and wanted to make you aware of a (in my humble opinion) valuable resource for determining scarcity and value of existing junk silver U.S. coinage. I have been looking for the approaching days for a long time. I left a multi-national Dow 30 corporate job in 1985 to strike my fortune (so I thought) as a stockbroker at Merrill Lynch and was fortunate to double my clients’ $$ in a year and then get them all out of the market on the Wednesday before Black Monday in 1987…never will forget that day. Anyway, the conditions existed back then where we thought we could slip into depression or hyperinflation…much like the conditions now facing us. In hindsight, we all know that Paul Volcker was able to break the back of the budding inflationary spiral by raising interest rates to over 21% while the CPI and PPI were running at a (real) rate of around 18% (not like the cooked books of today)….providing a REAL rate of return making holding paper again worth holding (roughly +3%). This began the great bond bull market which is ending momentarily.
     
    Anyway, all that said, back to the valuable resource I stumbled upon back then as I, like you, was interested in junk silver. The book I found, called The Big Silver Melt by Henry A. Merton, copyrighted in 1983, can be found (a few copies anyway) currently on Amazon here:    http://www.amazon.com/Big-Silver-Melt-Henry-Merton/dp/0025843605/ref=sr_1_1?s=books&ie=UTF8&qid=1351223355&sr=1-1&keywords=the+big+silver+melt

    The book contains the original mintages for the various U.S. coins and the ”semi-scientifically” derived “estimated” Maximum Quantities Remaining. I honestly believe there is no other resource like it available anywhere. Just wanted to let you and others know about this. By the way, after being gone from the corporate job for 9 years, I returned to it in 1994 and just recieved my 30 year service pin. :>) Hindsight is 20/20, eh?

    Sorry this was so long. Keep up the good work and keep stackin’!! Our day in the sun is nigh!

    Sincerely,
    Romans828IsTrue      
      

    • Avatar of silverbullion silverbullion says:
      October 26, 2012 at 9:46 AM

      @ Romans828IsTrue Interesting info. Thank you.

    • Avatar of Sumkid Sumkid says:
      October 29, 2012 at 7:35 PM

      I also find junk silver interesting because you can show everyone how our currency is losing values and you can play with them since they are already scratch unlike pure silver coins because they will get tarnished faster. My day in the sun will come when silver will reach 40$ per ounce because with that spot price, I would be able to recover all my loses in terms of dollars but I won’t sell them.

  2. Avatar of GBS GBS says:
    October 26, 2012 at 6:09 AM

    Poor old BrotherJohn he has so much invested in the Silver game that he is selective in his thinking.   He uses a chart to say that the rise in Silver inventory is a sham while not realising that if the rise is a sham so is the decline.   If a charts a sham it’s ALL a sham.

    He should read Screwtape Files.   There is no REAL shortage of Silver.

    http://screwtapefiles.blogspot.fr/2012/10/desperately-trying-to-force-silver.html

    I’ve asked the owner of BullionVault and he says there isn’t a problem.   It’s only people like Sprott who says it’s difficult because they have a product to sell.

     

    • Avatar of silverbullion silverbullion says:
      October 26, 2012 at 6:48 AM

      If that’s the case, why all the downward manipulation via paper? Anyhow, I believe Brother John means a silver shortage is developing; it is different from coming out and saying that there is a silver shortage. 

    • Avatar of Argyrion Argyrion says:
      October 27, 2012 at 12:49 PM

      As long as they say on the books they are there, then they are there.  All that matters is what the book says!  Well at least that is what Carney says on CNBC. 

    • Avatar of Sumkid Sumkid says:
      October 29, 2012 at 9:02 PM

      I don’t know how it is in other places but at my local coin shops, physical gold and silver are getting rare to find. They now get about five ounces of silver every two weeks and when they do, the silvers have high premiums.

  3. Avatar of PatFields PatFields says:
    October 26, 2012 at 7:19 AM

    Reality and fantacy are rushing head-long toward each other in an ever narrowing chute. Once they inevitably meet, fantacy vanishes. Real forces always disprove contrivances.

  4. Avatar of GBS GBS says:
    October 26, 2012 at 7:30 AM

    @ SilverBullion
    First I must say I like Silver.   I have some Silver but I’m a realist.   As far as the hype on Silver is concerned I don’t believe it. 

    The big long-term short positions at JP Morgan can easily be explained by Bullion dealers hedging their inventory.

    It’s obvious that the meme that Silver is a hot bed of criminal manipulation sells Silver.   People are conned into thinking there is some great conspiracy that they and a few others have discovered not thinking that the big players would have destroyed the Silver market ages ago if that had been the case.

    • Avatar of silverbullion silverbullion says:
      October 26, 2012 at 7:54 AM

      @ GBS I beg to differ with you, especially given the body of credible evidence that exists to proof that criminal manipulation of the silver price is in the order of the day. However, I am not going to argue about it, as far as I am concerned, you’re entitled to your opinion, whether true or false. As Patfields says: “Reality and fantacy are rushing head-long toward each other in an ever narrowing chute. Once they inevitably meet, fantacy vanishes. Real forces always disprove contrivances.”

    • Avatar of PatFields PatFields says:
      October 26, 2012 at 8:29 AM

      The question, GBS, is not ultimately how much silver there is for circulation in the role of money, but the real value of what’s presently circulating. However much silver there is available to be exchanged for government-bank paper currency, there STILL isn’t more than 7.5 ounces per capita, globally (maybe only 7).

      The truth of Plantation Scrip is hidden in the fact that it isn’t sold but loaned. It is the ‘intellectual property’ of the issuers (and ‘guarantors’), on which they demand infinitessimally increasing ‘rent’ (interest-tax), because deferred debt does not command Title in Equity. Whereas, in the alternative, metals contain inherent Equity, so thus full and complete property exchanges in their use as money.

      Now, it’s a fact that people do intentionally and in completely comprehensive fore-knowledge, choose the life of a slave  Personally … I choose NOT to follow that path.

    • Avatar of Crissy Crissy says:
      October 26, 2012 at 8:48 AM

      @GBS, “not thinking that the big players would have destroyed the Silver market ages ago if that had been the case”.
      How does one go about destroying a market for a commodity? They could burn down a corn field, blow up a mine, or sink a few oil ships. With silver I guess they could pile it all in a rocket ship and send it off into space. The better way would be to flood the market with an excess and send the price down, the reason paper silver was invented since you can’t grow silver. Market forces ultimately determine price discovery through supply and demand. Anyone that is involved in trading on higher levels have some control of the market price, due to different methods of manipulation, but that is normal investment activity. It will always be this way, and always been SOP. The price of commodities rise or fall anyway, ultimately they have to stop playing with the commodities and let them be used for their intended purposes or there would be no value in them in the first place.

  5. Avatar of silverrrrr silverrrrr says:
    October 26, 2012 at 8:51 AM

    GBS:

    You have the right to be a silver contrarian, voice your opinion, and debunk any data you desire.  HOWEVER, come up with some CONTRARIAN FACTS, or shut your piehole.  Your defense of silver being a fake is quoting a blog.   C’mon give us who have some brains that visit SD something to slice and dice (your FACTS).

  6. Avatar of Argyrion Argyrion says:
    October 27, 2012 at 12:13 AM

    @patfields awesome point!  i learned something today!  i like your reference too of the dollar being a plantation script.  im going to use that term now.  excuse now i jump down turn around and pick a bail of cotton.

  7. Avatar of Sumkid Sumkid says:
    October 29, 2012 at 7:22 PM

    These paper silver keep the price of physical silver low. Before, there were actual physical silver that backed the physical inventories but now, they’re all gone because banks have created too much paper silver so buyers were able to buy more silver cheaply.

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