Bill Murphy, Chairman of the Gold Anti-trust Action Committee, discusses this past week in the markets.
Bill Murphy: “Silver can double in a week, the price is held down with derivatives!”
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Bill Murphy deserves our deepest gratitude. Blessings, Bill.
today silver went straight up! literally!!! XD
Great post : )
Why are mining stocks pushed so heavily? if in the end someones currency collapses, then it’s likely that if you sold your stocks for fiat, then people may no longer be accepting that fiat anymore since it’s value would plummet so fast from when they accepted it, to when they can pass it on to someone else, that they would feel no one else would accept it as payment either, in which case physical would be all that mattered.But some pretty smart guys are pushing pm stocks,what am I missing?
BURN JP MORGAN! BUUURRRNNNNNN!!!!
Remember, JP Morgan is only the agent of the government… they would not be doing this as their own idea… so the government investigations and hearings must be a sham…
You bring up a good point mindstream. I personally think that all this conventional advice such as telling people to buy stocks of any sort in a country where the currency is on its way to the graveyard is not good. Having hard assets, particularly the things one will need to survive on a daily basis, in the event the dollar is not widely accepted would be a good play right now.
Those Silver bars look pretty.
@rentonsentinel Technically, I believe JP Morgan is doing this at the request of the Federal Reserves, as opposed to the U.S. Government, not that I am a fan of either but tencially speaking.
@OnlyGreatness007 – Interesting point… I have considered them to be one and the same… because if the Fed was truly doing something like that without the full backing of the US govt, wouldn’t people like Obama be on board with auditing the Fed? Seems like a simple solution, rather than a show trial with Eric Holder..?
Currently gold is 1241 per ounce, and they say its because of seeking safe haven. For me it seems more like a short covering. Anyway, up it goes.
@1lain Unless a system like ‘Gold Money’ has widespread acceptance by then, where precious metals are traded electronically…as long as the electrical infrastructure keeps working?:/ who knows though, it’s just not the same unless you have it somewhere no one will ever find it,because even with’Gold Money’(which Trace Mayer really likes and promotes)if some serious crap ever hits the fan,the bullion is sitting in some vault on the other side of the world,but I guess that’s why we diversify?
Great video, Bill rocks!
When the flood gates break (maybe late Fall), only gold and silver will float back up to survive. 2011 may be the year that gold is released from prison.
@DigitalSkyline I think the localized bottom-price & date will be 5/26/2010 at silver = 17.06 (error probably 0.15 usd) & for gold I’m looking at something like 05/28/2010 1172.20 error $15.97. My channel comments has all the math for how these numbers came to be. I plan to make a video some day but today is not that day
Silver is KING!
The real question for metal bulls is:what is going to topple this debt machine?Sovereign Wealth Funds or Nations bankrupting or a local conflict becoming global?As it stands,they will keep on printing and rigging the gold/silver market until something takes it out and then it will really be over.Greenspan et al will be held to account and you may see them on trial for their lives.
Right. More people. More demand for gold and silver. Not to mention the Chinese now have extra income to spend on gold and silver. And they are!
CASH IS TRASH!!!
The reason very simply understood respecting the manipulation of silver prices is the simple fact that millions of individuals like myself are demanding silver bullion, delivery. The more of us who buy it and take delivery of it, it will only take a very small % of the human population to take delivery of silver bullion to expose the Comex, and LBMC fraudulent activities.. Yes there is still silver out there to be bought at ridiculously low prices, buy it before the price of it is explodes.
BULLSHIT PUMP AND DUMPERS
During the Great Depression CASH WAS KING. The USD was backed by Silver at this time. Therefore, SILVER was king. Goods prices fell relative to Silver so your purchasing power will increase by holding Silver. Good Luck!
$15 to $20 will be an all time historic bottom in silver
END THE FED
Why don’t these “bright” people get it? They DO get it. They are MAKING it happen. LOL