Best Article on Silver in Ten Years!
(Not written by me!)
Silver Stock Report
by Jason Hommel, March 7th, 2011
This is probably the best article on silver (not written by
me) in the last ten years.
The Silver Bullet And The Silver
Shield By Silver Shield, on February 25th, 2011 The Ultimate FREE
Silver Investors Guide. http://dont-tread-on.me/the-silver-bullet-and-the-silver-shield
This
article covers so much, so well. I have almost no arguments with the
author, and that's really saying something. I linked to this article
once already, when I had scanned it, but after having read it, I can say
you MUST READ THIS!
The best argument for silver is that when you
buy real silver, you own real wealth, with allodial title. Unlike
your car, your home, or your bank account, or your brokerage. All
the other stuff can be encumbered easily. Your car is registered
annualy for a fee. On your home, you pay property
taxes. On your bank account, you lose money due to inflation, and
it's really the bank's money. Your brokerage accounts, you pay a
fee, and your stocks are also in the name of the DTCC. http://www.dtcc.com/
With
silver and gold, in your hand, ONLY YOU own them, and you don't owe anyone
else anything at all, they are not registered, you pay no ongoing taxes or
fees. Storage will cost you only slightly more than to keep yourself
safe. Buy a vault, and a gun, and take responsibility for your own
wealth, it's really simple.
This one article is making waves, and
already making enemies, and revealing bias among others in the precious
metals community.
My Skirmish With 321Gold By Silver Shield, on
February 27th, 2011 http://dont-tread-on.me/my-skirmish-with-321gold
The
author tried to get it published at 321gold.com, and ran into a
problem. The article is too good, kind of like an article I wrote
and submitted to 321gold.com about 4 years ago, when silver was just over
$6/oz., see:
I’m Insanely Bullish on Silver http://news.silverseek.com/GoldIsMoney/1087707141.php
I
published Bob's nasty comments to me here: http://silverstockreport.com/reports/silverstockreport40.htm
Bob,
of 321gold.com, is part of the problem. He would rather not publish
well researched facts, to "save his readers" from buying into what he
thinks was a near term top that might see a 10% pullback. He
doesn't want his readers to buy into a top; to protect his readers, or to
protect his reputation? OK, I hope I helped to expose him for what
he is. Apparently, Bob was trying to protect his readers from the
risk of buying silver at $6/oz., too! HA HA!!
Well, I'm also
part of the problem. I'm selling silver, oh no! I'm helping to
keep a lid on prices! (Not really). I just raised
my prices just a bit tonight because we are selling out of
inventory just a bit too fast. There will be absolutely no discounts
for anyone after 10AM tomorrow, unless someone orders over $100,000, and
is willing to wait for delivery from our wholesalers. Today, we sold
over $280,000 worth of precious metals, or more, and bought about $5000
worth from the public, the rest was repurchased from our suppliers; mints,
refiners, and wholesalers. Tomorrow will be another shockingly busy
day.
Here's my worry: The news is that JP Morgan has shorted
6000 contracts last week, when there were no other sellers, and is rumored
to be paying out 80% premiums to holders of silver futures to take
cash settlement offers, because they can't come up with the silver to
deliver. This is a delivery default, the one we
were watching for. JP Morgan sold 30 million oz.
of silver, on paper, which is over twice the world mine supply for the
week.
http://beforeitsnews.com/story/462/532/Word_is_JP_Morgan_is_Paying_80_Premium_this_month_of_March_for_Comex_Silver_Standing_Contracts.html
See
a key source following and reporting on this ongoing silver
default:
http://harveyorgan.blogspot.com/
The
people who are getting these 80% premium cash settlements need to buy
physical silver, as it will quickly sell out, or run to $59/oz.,
the rumored level of their payout, or bribe.
Furthermore, two of our best wholesale suppliers of
silver eagles are SOLD OUT! That means we
must ration our remaining supply, or find other suppliers. If there
are any suppliers of Silver Eagles reading this who have them IN
STOCK for immediate shipment and delivery at less than $3/oz. over
spot, please contact me at j@silverstockreport.com !
So
far, I can survive this ongoing default and silver eagle shortage, since I
can sell low on Eagles, and simply stock up on other forms of
silver.
Here's another shocker! JP Morgan Chase is our
bank. Sorry. They just asked us, as if it's standard business
practice for all of their clients in the bullion trade, to name
all of our suppliers. I said, "Why bother, you have our banking
records, you know who our suppliers are, but I'm not going to tell you
specifically." If they insist, I'll simply list the LBMA
refiners
http://www.lbma.org.uk/pages/index.cfm?page_id=30
Those
are JP Morgan's suppliers, there appear to be about 100 refiners on their
list, and they can't find enough silver to back even 5000 contracts, for
25 million oz. of silver!
Ted Butler reveals that JP Morgan, acting
like a cornered rat, sold short 6000 contracts of silver, and increased
their manipulation even more.
Silver Shocker By: Theodore
Butler Posted 7 March, 2011 http://news.silverseek.com/SilverSeek/1299509764.php
What
to do? More good advice: Buy physical:
“I Get It
Now.” By Silver Shield, on March 3rd, 2011 A beginners to guide to
investing in physical silver. http://dont-tread-on.me/i-get-it-now
Only
problem I have with that report is that the author says to avoid bullion
dealers, or coin shops. Well maybe most of them, but not all of
them. We, at JH MINT, don't push any numismatics on
anyone. We steer people away from numismatics, and into the cheapest
bullion we can find. Then, we buy back more of it, in bulk,
fast.
So, we recently read that Jim Puplava waited
3 months for a tonne of silver, and Sprott waited for 2 months for a few
million ounces. We never wait for more than 7 days for silver; we
only buy it from people who have it available for immediate
delivery. And we only sell what we have. And if we don't
have it, we know we can get it fast.
It's a shame
that these other people never contacted us. We would have loved
to help them find out where to order silver. Again,
contact the suppliers on the LBMA list, it's no secret. But be
prepared for $300,000 minimum orders, or even a minimum order for 300,000
oz. of silver from a big producer like Penoles; that's about what they
produce every day.
JP Morgan's problem is that the Penoles silver
production, less than 9 million oz. over 30 days, is likely already spoken
for, and is less than they need this month.
It will be an
interesting month.
=====
I strongly advise you to take
possession of real gold and silver, at anywhere near today's prices, while
you still can. The fundamentals indicate rising prices for
decades to come, and a major price spike can happen at any
time.
Follow me on facebook! http://www.facebook.com/jason.hommel
Or Youtube! http://www.youtube.com/user/bibleprophesy
JH
MINT & Coin Shop, Grass Valley, CA Minimum order
$5000, USA shipping only. Open 10AM to 5PM Pacific Time,
Monday to Friday, closed weekends and bank holidays. (Also Closed
from Dec. 25th to Jan 1st) www.jhmint.com (530)
273-8175 Kerri handles internet phone orders: kerri.jhmint@yahoo.com (530)
273-8822
If we can't fill your needs, or if our phone lines
are too busy, try my mom's shop, located in Sacramento, CA: www.momssilvershop.com (916)
481-5656 mom@momssilvershop.com
You
can also buy and sell silver at auction, online, for only a 1%
fee, at: www.oneoverspot.com
In
Portland, Oregon, a new bullion shop opens up, and needs customers! http://www.goldsilversupply.com/
Sincerely,
Jason Hommel www.silverstockreport.com www.bibleprophesy.org
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