Okay SilverBugs, fess up, how much you got?

[Kadriana]

Re: Okay SilverBugs, fess up, how much you got?

we can only hope!

The silver supply does remind me a little of the amo shortage beginnings. First, it started out with rumors of places getting low supply. Then, you started seeing the lower priced .38 sell out in the store. Looking at Apmex, the .38 equivalent are the bars. Then people who normally picked up .38's started buying .22's and they picked up a little extra. At this time, your average gun owner still didn't know there were supply issues. By the end, even non gun owners realized there was an ammo issue.

[doom&gloom]

Re: Okay SilverBugs, fess up, how much you got?

Ok, that article talks about a possible silver shortage of silver in larger quantities. I have noticed stores selling out of silver and I'm guessing in part to Max Keiser's campaign. What happens if you have a silver shortage like we saw in ammo a couple years ago? What will people buy instead of silver? Are we going to see a rush to hard assets? With past runs like ammo or rice, there is a level where people felt like they had enough. Is that level higher for PM's since it's a bit easier to store then 20k in ammo or rice?

we can only hope!

[Fiat Currency]

Re: Okay SilverBugs, fess up, how much you got?

The answer is simple, you do the deal in a bank lobby. ... I have read Canada is getting dowright weird on Americans bringing metals into the country (at times).

You beat me to it ... and not true.

Bring 'em to Canada & I'll get you a buyer to show up in any Canadian Bank Lobby, or Legal Escrow, or my "dealer's" coin shop private room. Anytime.

Baseball Catcher Happy Face.gif

[ThePythonicCow]

Re: Okay SilverBugs, fess up, how much you got?

The answer is simple, you do the deal in a bank lobby.

Nice.

[doom&gloom]

Re: Okay SilverBugs, fess up, how much you got?

I'm trying to figure out how that transaction would take place I have both physical gold and silver in relatively large amounts (for me anyway) and trying to figure out the exit strategy.... CL is allright, but i dont know how i would set up a "meet" it would almost be like a drug deal ;) I'm not willing to meet someone in a private place w/ 50-100 krugs... Unless i plan to get shot....

I'm thinking a roadtrip across the border and selling to a canuck dealer....

The answer is simple, you do the deal in a bank lobby. Seriously. you tell the buyer to show up at Wells/BAC/USBank/wherever with the cash, and you will be there with the metal. If you bank there, no one shoul dhave a problem with you making a "deposit" right after your transaction, though that deposit might be far less than what you actually get. You just tell the buyer you plan to deposit the money immediately (and walk to the teller right after reciept). Eliminates the whole "roll em' out in the parking lot" mentality.

I have read Canada is getting dowright weird on Americans bringing metals into the country (at times).

[jk]

Re: Okay SilverBugs, fess up, how much you got?

Unless you cough up your name/address - an ad on Craigslist is likely no more dangerous than the counterparty risk to any paper silver.

After all, if you look at the counterparty problems as a function of the float in CDS's/MBS's, clearly said risk is non-trivial.

i'll quote karim

I'm trying to figure out how that transaction would take place I have both physical gold and silver in relatively large amounts (for me anyway) and trying to figure out the exit strategy.... CL is allright, but i dont know how i would set up a "meet" it would almost be like a drug deal ;) I'm not willing to meet someone in a private place w/ 50-100 krugs... Unless i plan to get shot....

I'm thinking a roadtrip across the border and selling to a canuck dealer....

[c1ue]

Re: Okay SilverBugs, fess up, how much you got?

might work for small quantities. otoh, do you want to advertise on craigslist that you are in possession of a LARGE quantity of physical silver? it might be reasonable to have a bag of junk silver for the shtf mad-max scenario. but otherwise i'm not convinced you're wise to keep quantities of valuables on hand.

Unless you cough up your name/address - an ad on Craigslist is likely no more dangerous than the counterparty risk to any paper silver.

After all, if you look at the counterparty problems as a function of the float in CDS's/MBS's, clearly said risk is non-trivial.

[karim0028]

Re: Okay SilverBugs, fess up, how much you got?

y'all know if you sell silver as CEF, you have "reportable income" but if you sell physical on Craigslist, well....

I'm trying to figure out how that transaction would take place I have both physical gold and silver in relatively large amounts (for me anyway) and trying to figure out the exit strategy.... CL is allright, but i dont know how i would set up a "meet" it would almost be like a drug deal ;) I'm not willing to meet someone in a private place w/ 50-100 krugs... Unless i plan to get shot....

I'm thinking a roadtrip across the border and selling to a canuck dealer....

[Kadriana]

Re: Okay SilverBugs, fess up, how much you got?

This guy (speaks weekly on King World News) also had an article on his blog about recent strange silver behaviour

http://www.gotgoldreport.com/2010/12...n-futures.html

Ok, that article talks about a possible silver shortage of silver in larger quantities. I have noticed stores selling out of silver and I'm guessing in part to Max Keiser's campaign. What happens if you have a silver shortage like we saw in ammo a couple years ago? What will people buy instead of silver? Are we going to see a rush to hard assets? With past runs like ammo or rice, there is a level where people felt like they had enough. Is that level higher for PM's since it's a bit easier to store then 20k in ammo or rice?

[chedir007]

Re: Okay SilverBugs, fess up, how much you got?

This guy (speaks weekly on King World News) also had an article on his blog about recent strange silver behaviour

http://www.gotgoldreport.com/2010/12...n-futures.html

[Spartacus]

Re: Okay SilverBugs, fess up, how much you got?

How did you conclude this about the Silver vs Gold performance?

I am now of the belief that silver could well outperform gold in the long term, especially if the banksters take it in their "shorts". I got some silver physical, and wonder what you all got as well. So fess up -- private poll.

I had not noticed this commentator until a few weeks ago - my in depth Silver research has been on hold for a while - BUT apparently he's never seen anything like what's happening in Silver.

http://harveyorgan.blogspot.com/2010...nd-silver.html

iff (note the TWO f's) he's right, this is great news for Silver bugs, iff (again note the 2 f's) Silver bugs don't let the games going on behind the scenes scare them off.

http://harveyorgan.blogspot.com/

It does raise the question - since, as we keep reading repeatedly that the long position is well distributed (there are a lot of little longs), as opposed to the massively concentrated short position - have these (former) longs been threatened into taking cash instead of Silver, and if so, why would not one of these people (again, if it happened that way, there are a lot of them) who've been paid off post something about it, or launch a(nother) lawsuit, or something of that nature?

In their place I would tape record any conversation with exchange officials or brokers for possible threats and post an mp3 on the interwebz, and raise an INCREDIBLE stink about it.

The other option of course is that the longs are not being threatened - futures market players almost never take delivery, so this is plausible. I would ask to these never-take-delivery longs, considering the number of times they've been taken to the cleaners & gotten their position taken out from under them by alleged wrongdoing by either the banksters and/or exchange officials or some collusive combination thereof, why are they trading on COMEX?

[jk]

Re: Okay SilverBugs, fess up, how much you got?

y'all know if you sell silver as CEF, you have "reportable income" but if you sell physical on Craigslist, well..

might work for small quantities. otoh, do you want to advertise on craigslist that you are in possession of a LARGE quantity of physical silver? it might be reasonable to have a bag of junk silver for the shtf mad-max scenario. but otherwise i'm not convinced you're wise to keep quantities of valuables on hand.

[ThePythonicCow]

Re: Okay SilverBugs, fess up, how much you got?

y'all know if you sell silver as CEF, you have "reportable income" but if you sell physical on Craigslist, well....

It doesn't matter if your CEF is tax sheltered inside an IRA.

[doom&gloom]

Re: Okay SilverBugs, fess up, how much you got?

y'all know if you sell silver as CEF, you have "reportable income" but if you sell physical on Craigslist, well....

[ThePythonicCow]

Re: Okay SilverBugs, fess up, how much you got?

bullionvault, goldmoney, cef, physical, and pslv.