Burticus
13th September 2008, 11:30
This is a tale from someone you would consider a newbie, since I only recently started stockpiling physical silver. It is lengthy and only a story, but I thought you might might appreciate it.
Years ago, knowing the R/D party and their bankster puppeteers are intent on destroying America’s free enterprise economy, I started watching gold at around 300. I played with leveraged paper gold, made money, then got cocky and had my @$$ handed to me by the pros. I have avoided leverage ever since. My only physical buys since then were gold/diamond jewelry and gold bullion coin gifts for the wife every Christmas, birthday and anniversary (a sneaky way to invest).
A few years later, I started watching silver again at around 5-6 FRNs and discussed with my partner (also a CPA), who has been stashing physical gold in a Swiss vault for years. I kept looking for the 50 cent drop to buy silver... But it started going up and never stopped. I cussed myself for hesitating and figured I missed out. Even then, I did not fully understand the long term fundamentals or the 1913 coup, but knew that metals are real money and Weimar paper suitable for lighting cigars or wiping. In early 2006, I finally snapped, fired the R party, started reading and researching, became self-aware of the Fed banksters scheme, understood the dangers of abandoning constitutionally-limited government, and broke the matrix. Prices of gold and silver continued to soar.
This March, I saw the first big drop in POS/POG and started needling my gold partner to tell me when to dive in. In early August, I started talking about silver fundamentals and comparison to gold with a political associate in a local Ron Paul group whose Dad had bought and stockpiled physical silver for decades, never selling. (The young man told me how he used to think the old man was a fruitcake, until he finally woke up few years ago and realized that "he used to know more than his father." He started listening and the wise old guy embraced him and taught him everything he knew.)
My new friend l'arnt me all about silver, especially about taking PHYSICAL, the difference from gold (silver is consumed, consumption has exceeded production for decades, silver has been supplied by emptying vaults, causing silver to be rarer than gold, etc.) I started reading more guru analyses and l'arnt more about fundamentals, all of which made sense based on my understanding of economics, the global bankster families, their puppets in the fed and career politicians in Brainwashington, and their fiat paper. All this while watching reality unfold – growing budget and balance of trade deficits, Fed bailouts, Wall Street casino short-term profit herd mentality, central banks busily printing paper and keying electrons, a quadrillion in derivatives, etc. – our economy in a death spiral. Meanwhile, distorted gub’ment statistics, cheers from the corporate media cartel over bailouts, and the “jackass and elephant” flea circus by the ruling political party distracts and confuses the dumbed-down sheeple as their pockets are picked.
At the last huge drop on August 14, my partner came to me and said it was about time to pull the trigger – buy physical, stash and forget about it, and ignore the paper and electrons. Knowing silver had just come down from over 20, without properly watching the charts and analyzing mainstream herd movements and propaganda, I moved my 401(k) to a paper fund backed by bullion (no physical option available) when spot was around 14.
Then I watched as POS went down and leveled off around 13. My new pal gave me a tip on where to get 100 ounce bars and I managed to get ten of 'em at a .60 FRN premium with spot around 13. Bars now received and stashed.
Meanwhile, I opened a physical vault trust IRA, but by the time the paperwork was done and FRNs transferred, silver had slowly risen to the mid 13s. Fearing that it had bottomed and was moving back up, I filled the IRA with 1,000 ounce bars when spot was around 13.60. The same bullion dealer was slap out of 100 ounce bars (I helped clean out the last few), so I filled in the order with .999 coins.
Now bitten and infected by the silver bug, the next Monday 9/1/08, I got up early and saw a dip in London. When I got to work, I watched the ticker like a hawk and caught the morning's spike down to 12.50, called the dealer and put every FRN I could scrounge up into Eagles and Philharmonics (forget 100 ounce bars - been out). I timed it almost perfectly at the bottom, then price went back up. Ha, ha, I thought, I finally got the best of ‘em!
Over the past two weeks I watched in disbelief as POS and jaw kept dropping with the casino herd moving into USD and out of all commodities. Oddly, it seemed like silver was moving with crude, though one is fuel and the other is hard money. POS is now at about 10.80 at the time of this writing.
Financial sector insolvent and failing, stocks crashing, Fed bailing and economy screwed whichever way they bend on rates, leveraged hedge funds pushing derivatives over a quadrillion, gub’ment still spending like drunken sailors, manufacturing base exported, major party puppets talking SOS - but still the big money (that we can see) ignoring the safest long-term assets, silver and gold - WTF? My craw tells me the banksters families know real money vs. fiat paper and are hoarding gold and silver on the quiet while manipulating price low and destroying faith in metals vs. fiat paper.
Yesterday, I got a couple expense checks from work (non-wife-supervised slush funds) and with wallet cash, bought another 100 Phils direct from bullion dealer for 1,250. Not enough to buy eagles without suspiciously emptying wallet.
Theoretically, though newly "in," I have lost thousands over the past few weeks – or have I? As I yanked an old rifle from the gun cabinet to make room for the green monster I just picked up from the post office, I noticed that the gleaming silver bars already stacked there seemed to shine even brighter than they did last week. Looking at and lifting them, I know they are real money and that nothing has changed - except for more freshly printed fiat paper and electrons on the casino computers, and more long-term negative signs in a panicking market. Locking the gun cabinet, I dismissed any thought of this silver moving for at least another ten years, except to make room for a shipment of coins I should receive next week. I am “all in.” No more FRNs right now, or I would buy more silver. When I get my big year end bonus (to zero out S corp income), if POS is still low, I will buy more.
Soon, maybe in months or a year, I figure the increase in the central banksters’ money supply, users’ panic over physical shortages and delays, and the herd stampede to safety will sent the price of silver to the stratosphere. Who cares? I ain’t sellin’ nuthin’! They will need to get their silver from some other poor fearful unwitting sap whose faith is weak. I have educated my sons. If they trust their Dad, they will still be sitting on this silver 20 years from now, refusing to sell to a begging, groveling market even at 3-4 figure prices.
Fortunately, I went long on physical lead, “the other white metal,” and serious delivery equipment years ago when both were cheap. My next step is to stockpile non-perishable food, farming tools and seed, in case of Mad Max scenario. While I had to buy my silver now, when there is blood in the streets, the food, tools and seeds are all still cheap and readily available to buy with a couple thousand FRNs. Oh, and I need to get a bigger, stronger gun cabinet.
Now that I am “all in,” it is time to sit back and twiddle thumbs, watching the carnage in the financial markets while America is intentionally destroyed and the middle class crushed by the banksters and their major party career politician puppets. (Do not take this as apathy or lack patriotism. In 2006, I took time away from my CPA practice to run as a Constitution Party candidate for state senate against a powerful Republicrat incumbent, receiving almost 35,000 votes against all odds from the citizens who heard my message. The majority of sheeple may never wake up, even when they are living under a bridge.)
I am now advising my wealthy clients to buy physical silver or be left holding the bag of worthless FRNs and mainstream paper securities when $#!+ hits the fan. Some are listening…
Hope you enjoyed my story. I am one of you now and always will be.
Years ago, knowing the R/D party and their bankster puppeteers are intent on destroying America’s free enterprise economy, I started watching gold at around 300. I played with leveraged paper gold, made money, then got cocky and had my @$$ handed to me by the pros. I have avoided leverage ever since. My only physical buys since then were gold/diamond jewelry and gold bullion coin gifts for the wife every Christmas, birthday and anniversary (a sneaky way to invest).
A few years later, I started watching silver again at around 5-6 FRNs and discussed with my partner (also a CPA), who has been stashing physical gold in a Swiss vault for years. I kept looking for the 50 cent drop to buy silver... But it started going up and never stopped. I cussed myself for hesitating and figured I missed out. Even then, I did not fully understand the long term fundamentals or the 1913 coup, but knew that metals are real money and Weimar paper suitable for lighting cigars or wiping. In early 2006, I finally snapped, fired the R party, started reading and researching, became self-aware of the Fed banksters scheme, understood the dangers of abandoning constitutionally-limited government, and broke the matrix. Prices of gold and silver continued to soar.
This March, I saw the first big drop in POS/POG and started needling my gold partner to tell me when to dive in. In early August, I started talking about silver fundamentals and comparison to gold with a political associate in a local Ron Paul group whose Dad had bought and stockpiled physical silver for decades, never selling. (The young man told me how he used to think the old man was a fruitcake, until he finally woke up few years ago and realized that "he used to know more than his father." He started listening and the wise old guy embraced him and taught him everything he knew.)
My new friend l'arnt me all about silver, especially about taking PHYSICAL, the difference from gold (silver is consumed, consumption has exceeded production for decades, silver has been supplied by emptying vaults, causing silver to be rarer than gold, etc.) I started reading more guru analyses and l'arnt more about fundamentals, all of which made sense based on my understanding of economics, the global bankster families, their puppets in the fed and career politicians in Brainwashington, and their fiat paper. All this while watching reality unfold – growing budget and balance of trade deficits, Fed bailouts, Wall Street casino short-term profit herd mentality, central banks busily printing paper and keying electrons, a quadrillion in derivatives, etc. – our economy in a death spiral. Meanwhile, distorted gub’ment statistics, cheers from the corporate media cartel over bailouts, and the “jackass and elephant” flea circus by the ruling political party distracts and confuses the dumbed-down sheeple as their pockets are picked.
At the last huge drop on August 14, my partner came to me and said it was about time to pull the trigger – buy physical, stash and forget about it, and ignore the paper and electrons. Knowing silver had just come down from over 20, without properly watching the charts and analyzing mainstream herd movements and propaganda, I moved my 401(k) to a paper fund backed by bullion (no physical option available) when spot was around 14.
Then I watched as POS went down and leveled off around 13. My new pal gave me a tip on where to get 100 ounce bars and I managed to get ten of 'em at a .60 FRN premium with spot around 13. Bars now received and stashed.
Meanwhile, I opened a physical vault trust IRA, but by the time the paperwork was done and FRNs transferred, silver had slowly risen to the mid 13s. Fearing that it had bottomed and was moving back up, I filled the IRA with 1,000 ounce bars when spot was around 13.60. The same bullion dealer was slap out of 100 ounce bars (I helped clean out the last few), so I filled in the order with .999 coins.
Now bitten and infected by the silver bug, the next Monday 9/1/08, I got up early and saw a dip in London. When I got to work, I watched the ticker like a hawk and caught the morning's spike down to 12.50, called the dealer and put every FRN I could scrounge up into Eagles and Philharmonics (forget 100 ounce bars - been out). I timed it almost perfectly at the bottom, then price went back up. Ha, ha, I thought, I finally got the best of ‘em!
Over the past two weeks I watched in disbelief as POS and jaw kept dropping with the casino herd moving into USD and out of all commodities. Oddly, it seemed like silver was moving with crude, though one is fuel and the other is hard money. POS is now at about 10.80 at the time of this writing.
Financial sector insolvent and failing, stocks crashing, Fed bailing and economy screwed whichever way they bend on rates, leveraged hedge funds pushing derivatives over a quadrillion, gub’ment still spending like drunken sailors, manufacturing base exported, major party puppets talking SOS - but still the big money (that we can see) ignoring the safest long-term assets, silver and gold - WTF? My craw tells me the banksters families know real money vs. fiat paper and are hoarding gold and silver on the quiet while manipulating price low and destroying faith in metals vs. fiat paper.
Yesterday, I got a couple expense checks from work (non-wife-supervised slush funds) and with wallet cash, bought another 100 Phils direct from bullion dealer for 1,250. Not enough to buy eagles without suspiciously emptying wallet.
Theoretically, though newly "in," I have lost thousands over the past few weeks – or have I? As I yanked an old rifle from the gun cabinet to make room for the green monster I just picked up from the post office, I noticed that the gleaming silver bars already stacked there seemed to shine even brighter than they did last week. Looking at and lifting them, I know they are real money and that nothing has changed - except for more freshly printed fiat paper and electrons on the casino computers, and more long-term negative signs in a panicking market. Locking the gun cabinet, I dismissed any thought of this silver moving for at least another ten years, except to make room for a shipment of coins I should receive next week. I am “all in.” No more FRNs right now, or I would buy more silver. When I get my big year end bonus (to zero out S corp income), if POS is still low, I will buy more.
Soon, maybe in months or a year, I figure the increase in the central banksters’ money supply, users’ panic over physical shortages and delays, and the herd stampede to safety will sent the price of silver to the stratosphere. Who cares? I ain’t sellin’ nuthin’! They will need to get their silver from some other poor fearful unwitting sap whose faith is weak. I have educated my sons. If they trust their Dad, they will still be sitting on this silver 20 years from now, refusing to sell to a begging, groveling market even at 3-4 figure prices.
Fortunately, I went long on physical lead, “the other white metal,” and serious delivery equipment years ago when both were cheap. My next step is to stockpile non-perishable food, farming tools and seed, in case of Mad Max scenario. While I had to buy my silver now, when there is blood in the streets, the food, tools and seeds are all still cheap and readily available to buy with a couple thousand FRNs. Oh, and I need to get a bigger, stronger gun cabinet.
Now that I am “all in,” it is time to sit back and twiddle thumbs, watching the carnage in the financial markets while America is intentionally destroyed and the middle class crushed by the banksters and their major party career politician puppets. (Do not take this as apathy or lack patriotism. In 2006, I took time away from my CPA practice to run as a Constitution Party candidate for state senate against a powerful Republicrat incumbent, receiving almost 35,000 votes against all odds from the citizens who heard my message. The majority of sheeple may never wake up, even when they are living under a bridge.)
I am now advising my wealthy clients to buy physical silver or be left holding the bag of worthless FRNs and mainstream paper securities when $#!+ hits the fan. Some are listening…
Hope you enjoyed my story. I am one of you now and always will be.