Financial Sense torpedo Max Keiser

[Mega]

They attack the "silver shortage" & 30 mins in talk about his campain. If your a Max fan look away now!...........If your Peter Schiff time for a rye smile!

[FondoFinder]

Re: Financial Sense torpedo Max Keiser

Hi Mike, the link appeared to be bad, but I found it here. They specifically address the rumor of a shortage of 100 oz
silver bars. The guest is a precious metals dealer and her site is here. In silver, she only sells 100 oz bars. Some critical points:

1) Who would buy 100 oz bars of silver? Hedge funds would use 1000 oz bars mostly. As an individual, I would rather buy a monster box of coins or 500 oz bars. The coins are more transferrable, and the bigger bars cost less per ounce, given the high fixed costs of trading a bar. And minted bars are taxed in Canada, not coins (at least not visibly, they ARE a higher cost per ounce, but more portable and useable in a currency crisis situation).

2) If I were a large buyer/hedge fund, I would buy comex silver contracts on dips in February (for delivery in March), with the hopes of either getting a cash premium if they couldn't deliver, and/or possibly helping to cause mainstream media attention to a comex silver default, come the beginning of March. In either case, long silver, but not 100 oz bars.

3) I think a physical supply shortage is more likely to occur from countries reducing exports, or a significant geopolitical/black swan event. Not from individuals buying coins or 100 oz bars.

4) So who would buy the premium 100 oz bars on that site? There is not even a shopping cart. Seems like a boutique catering to older individual investors, using phone sales. There are a plethora of other trusted online vendors that the younger and computer-savvy people would use.

[lektrode]

Re: Financial Sense torpedo Max Keiser

.... As an individual, I would rather buy a monster box of coins or 500 oz bars. ....

2) If I were a large buyer/hedge fund, I would buy comex silver contracts on dips in February (for delivery in March), with the hopes of either getting a cash premium if they couldn't deliver, and/or possibly helping to cause mainstream media attention to a comex silver default, come the beginning of March. In either case, long silver, but not 100 oz bars.

3) I think a physical supply shortage is more likely to occur from countries reducing exports, or a significant geopolitical/black swan event. Not from individuals buying coins or 100 oz bars.
.....

thanks Fondo - your comments are much appreciated (esp by those of us who think physical gold is a bit too pricey for comfort to buy in at these levels, but want to hedge our bet, because we have no faith in us.gov monetary policies or the politix connected therein and NEWSFLASH: esp for those of us who never fully comprehended the 'politics of money' until we found EJ)

and we shall be eternally grateful for all you can offer.

[mliu_01]

Re: Financial Sense torpedo Max Keiser

a whitewash piece about silver. Sure, people buying silver and gold are fear of something they dont know. LOL

Sure, JPM will not go down unless they destroy themselves.

[Spartacus]

Re: Financial Sense torpedo Max Keiser

thanks Fondo - your comments are much appreciated (esp by those of us who think physical gold is a bit too pricey for comfort to buy in at these levels, but want to hedge our bet, because we have no faith in us.gov monetary policies or the politix connected therein and NEWSFLASH: esp for those of us who never fully comprehended the 'politics of money' until we found EJ)

Was there any indication that he's done the EXACT SAME THING in the past?

Several times?

Any mea culpas? I'm guessing not, because one, I didn't listen and two, Puplava doesn't seem to do Mea Culpas.

In some instances Puplava is a complete tool.

They attack the "silver shortage" & 30 mins in talk about his campain. If your a Max fan look away now!...........If your Peter Schiff time for a rye smile!

Several years ago he tried to launch a campaign encouraging people to take delivery of their Silver mining company stock certificates.

This would force those shorts to cover.

He called for this on and off for about 3 or 4 months, then [0] nothing (complete silence on the issue) for a couple of months, and then, Lo and behold, an email asked about "taking delivery of stock certificates to force the shorts to cover" and Puplava answers "waste of time".

No indication that he had called for that exact action for several months. No explanation why he changed his mind. Just hoping no one would notice. This would have been 2005 and 2006, just after his other Silver debacle below.

Tool.

And I guess he's forgotten (how convenient) his own calls for a Silver shortage where for several months he encouraged callers and emailers to inform him of which coin shops & dealers were running out of Silver, and predicting that in a couple of months (IOW in 2006) the US would run out of Silver.

tool squared.


[0] EDIT: added a bit to the timing of events in that case

[FondoFinder]

Re: Financial Sense torpedo Max Keiser

Thanks Spartacus,

I have posted Conspiracy Theory and Traders Corners threads for paid subscribers interested in silver trading/investing, with links to all recent silver discussion threads.

[Kadriana]

Re: Financial Sense torpedo Max Keiser

Hi Mike, the link appeared to be bad, but I found it here. They specifically address the rumor of a shortage of 100 oz
silver bars. The guest is a precious metals dealer and her site is here. In silver, she only sells 100 oz bars. Some critical points:

1) Who would buy 100 oz bars of silver? Hedge funds would use 1000 oz bars mostly. As an individual, I would rather buy a monster box of coins or 500 oz bars. The coins are more transferrable, and the bigger bars cost less per ounce, given the high fixed costs of trading a bar. And minted bars are taxed in Canada, not coins (at least not visibly, they ARE a higher cost per ounce, but more portable and useable in a currency crisis situation).

Well, I don't know who would buy 100 oz. silver bars but Apmex only has one type left and it has a Feb. 18th date next to it. I've been reading that other people are out of 100 oz. bars too. They do have plenty of 5 and 10 oz. bars though although their selection is getting a bit thin.

[FondoFinder]

Re: Financial Sense torpedo Max Keiser

ZeroHedge now shows ScotiaBank in Canada is out of silver bars now and says Jim Puplava was wrong again.

[Kadriana]

Re: Financial Sense torpedo Max Keiser

ZeroHedge now shows ScotiaBank in Canada is out of silver bars now and says Jim Puplava was wrong again.

I read that article earlier and that's when I noticed the 100 oz. bars. Is there any info yet on how much silver was mined last, went to industrial and went towards investment in 2010?

[FondoFinder]

Re: Financial Sense torpedo Max Keiser

Hi, I haven't found that info yet, but found another source that has 2009 data, so they may have 2010 soon.

I asked for silver help here.

[DSpencer]

Re: Financial Sense torpedo Max Keiser

1) Who would buy 100 oz bars of silver? Hedge funds would use 1000 oz bars mostly. As an individual, I would rather buy a monster box of coins or 500 oz bars. The coins are more transferrable, and the bigger bars cost less per ounce, given the high fixed costs of trading a bar. And minted bars are taxed in Canada, not coins (at least not visibly, they ARE a higher cost per ounce, but more portable and useable in a currency crisis situation).

I think you're over-analyzing this theory that there's no market for 100 oz bars. I have a 100 oz bar of silver. It may not be the most popular quantity and maybe for some good reasons. Regardless, at the right price, I'd buy more. At the right price, who wouldn't?