“Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology.
Addendum to your Fed balance sheet article - I urge you to view this video from John Titus - the value of the Feds Equity is even higher than suggested.
This is a fabulous article, and I thank you for giving coverage to some questionable things going on in the silver market. I do want to push back on point four from your list of what WSS is trying to accomplish: WSS is not hoping in any way for a debasement of US currency. Most people at WSS believe that the US government is doing that through its reckless spending and monetary expansion policies. WSS is simply trying to help people protect themselves against this.
We are trying to force true price transparency in the Silver market. Pricing silver by tying it to the paper silver contract is just plain dumb........and opens it up for abuse and manipulation.
I'm with you on silver, but one counterpoint to the US Mint anecdote. The May 28 coins were a limited release (175k total). The Mint isn't saying, "because of a supply problems we won't be able to make all 175k coins so we're canceling orders." They're saying "more people want these coins than our website can handle," and the silver shortage is a convenient excuse to throw out there. It seems more like a distraction to me than anything else. Now, if they said "we want to increase the print run of these coins but don't have enough silver to do so," that would be a different story.
These coins in particular were expected to be pretty valuable collector's items, so a number of buyer's clubs were offering commissions on them. So right when the coins were released, people slammed the Mint website (using bots to place multiple orders, even), predictably causing it to go down...
When is the next Silver article?
Hey Doomberg, this is Jim Lewis from Wall Street Silver. Can we interview you on our YouTube channel?
Send me an email
Addendum to your Fed balance sheet article - I urge you to view this video from John Titus - the value of the Feds Equity is even higher than suggested.
https://www.youtube.com/watch?v=EURZwkWLH0I
What is your email? I am not seeing it anywhere around here. My email is [email protected] Thanks
Seconded. Excellent due diligence.
This is a fabulous article, and I thank you for giving coverage to some questionable things going on in the silver market. I do want to push back on point four from your list of what WSS is trying to accomplish: WSS is not hoping in any way for a debasement of US currency. Most people at WSS believe that the US government is doing that through its reckless spending and monetary expansion policies. WSS is simply trying to help people protect themselves against this.
We are trying to force true price transparency in the Silver market. Pricing silver by tying it to the paper silver contract is just plain dumb........and opens it up for abuse and manipulation.
Inflation is impossible without the government
This is getting good.
I'm with you on silver, but one counterpoint to the US Mint anecdote. The May 28 coins were a limited release (175k total). The Mint isn't saying, "because of a supply problems we won't be able to make all 175k coins so we're canceling orders." They're saying "more people want these coins than our website can handle," and the silver shortage is a convenient excuse to throw out there. It seems more like a distraction to me than anything else. Now, if they said "we want to increase the print run of these coins but don't have enough silver to do so," that would be a different story.
These coins in particular were expected to be pretty valuable collector's items, so a number of buyer's clubs were offering commissions on them. So right when the coins were released, people slammed the Mint website (using bots to place multiple orders, even), predictably causing it to go down...
The real question - whats the best way to get a hold of physical silver?
By exchanging fiat currency for it . . . if you're worried about a few % on the premiums, you can't see the wood for the tree.