BogapetYou believe who you want to believe and i will follow the fellows that i have for 5 years, who have been a lot more right than wrong. I dont come to my conclusions blindly. Peter Schiff had it right long before anyone else in the media on the US housing collapse and precious metals. Other than Jim Willie. I doubt you read JIM Willie , or if you do, you dismiss his stuff as over the top. But one cannot argue about his accurate predictions on silver, which had nothing to do with TA and everything to do with the physical silver market and the toxic US $. As far as futures getting paid 30% premiums to settle in cash instead of physical silver, he has really good connections that tell him, IT IS A FACT. But believe what you will.
From my fav macroeconomist MR WIllie
Mine are not rants, but detailed arguments with numerous factors fortifying arguments put forth toward a thesis defended on many fronts in broad fashion for over five years. To be sure, my work includes some invective due to overflowing anger at the system having gone so far awry with deep fraud, coordinated media deception, impunity for those responsible, and elevated powers granted to them during reforms. Rants are shallow harangues. Mine is thorough analysis put to paper. These guys should consult a dictionary, as some of their own haughty dismissals fail to address or respond to much of anything my work has put forth. The word rant might invite an accusation of shallow in the mental process. They often argue in a circle under the pretense of confrontation, never addressing important points like the flow of the increased monetary aggregate, and its destinations with strong effects. One analyst in particular should really stick to what he does best, that being technical chart analysis. While the historical economics books of the past are indeed enlightening in theory, little truly applies to explain all that occurs in the profound intervention and rigged financial markets led by a criminal elite class whose main enterprise is clearly war and narcotics, followed by orchestrated chaos designed to permit broad elite powers. Their past excellent work should be kept on the wall for constant reminder of true market forces, true economic forces, all of which are opposed by powerful criminal actions and heavy handed monetary policy.
Analysts like Max Keiser have brought attention to the Silver potential, urging citizens to purchase silver coins and bankrupt JPMorgan. Such rallying cries seem enthusiastic and full of vitriol, but they also seem naive on the desired outcome of a toppled titan, since the JPMorgan losses will be monetized by the USFed and USDept Treasury easily. Did they not monetize the big bank losses in mortgage bonds? To be sure, a global citizen movement to purchase Silver coins will render damage to JPMorgan, which will pass on the losses like dirty diapers to the USGovt, the eager storage center custodian of toxic effluent. The acute Silver shortages are in front of our noses, in the news, and point to extreme vulnerability in the USDollar, if not the USGovt debt condition. The USMint in possible illegal manner has at times suspended the production of Silver coins to be minted. They by law are commissioned to continue to meet public demand, which means they must bid up the Silver price if required. The COMEX shortage of Silver is so widespread and in the open, that futures contracts are being settled in cash, after the contract owner signs a waiver to permit the breach of contract itself. A 25% to 30% cash settlement bonus has become the norm. Such actions in policy have lit a fire under the Silver market and lifted its price. Angry from incessant charges of currency manipulation, the Chinese have responded by purchasing large truckloads of Gold & Silver. The real manipulation is by the USFed, whose debt monetization has gone global, whose USDollar effect is undeniable. That is blatant manipulation of not only the sovereign debt, but the currency denominated in it, extending to the entire monetary system. The group of major fiat currencies are all attached like a floating papyrus bound by threads. They are discredited in unison, weighed down by a debt burden and rotten paper.
You hear of anyone out there , stating for a fact , that not a soul has got a premium from the COMEX?
I didnt think so. They dont want to have egg on the face when they are proven wrong.