A Sure Thing?

[webmaster]

Subject:A Sure Thing?
By: Theodore Butler

Overview: My greatest fear in writing about silver is that I will miss clear-cut evidence that silver is no longer a great investment. That’s why I’ve carefully examined my premises. I’ve gone over every aspect of the bullish argument I’ve made over the past years. There is no question that some facts have changed, but that doesn’t necessarily mean they have changed for the worse. I won’t beat around the bush. My examination leads me to the conclusion that silver is a better buy today than ever before.

Link: http://news.silverseek.com/TedButler/1227032447.php

[mick silver]

All in good time , the price well jump

[Holidaysilver]

I believe it. I just can't believe how difficult it is to convince non-believers.

Perhaps, when the supermarket tabloids start trumpeting the story, the rest of the world will wake up.

Or maybe getting a Hollywood Star to admit they invest in Silver and Gold might work. Or even inventing a story about Hollywood stars who invest in Silver printed in the tabloids.

Anybody out there a writer? Anybody know a stringer for the National Enquirer?

Is there anything more frustrating, than to know a thing to be true, yet not be heard- however loud one yells?

Thanks, to the members of the choir, for letting me vent

[mountainmurph]

Can I get an amen !!

[Chiswick40]

Originally Posted by Holidaysilver

I believe it. I just can't believe how difficult it is to convince non-believers.

Perhaps, when the supermarket tabloids start trumpeting the story, the rest of the world will wake up.

Or maybe getting a Hollywood Star to admit they invest in Silver and Gold might work. Or even inventing a story about Hollywood stars who invest in Silver printed in the tabloids.

Anybody out there a writer? Anybody know a stringer for the National Enquirer?

Is there anything more frustrating, than to know a thing to be true, yet not be heard- however loud one yells?

Thanks, to the members of the choir, for letting me vent

I have only been buying silver on and off for the last few months as I decided to take a chance and put some money into silver for I am guessing the same fundemental reasons as you guys. It is vital and it is in decline and it hangs around like a bad smell through time....not to mention it has and can and probably will be used for money again.

My only concern is that it always seems like it is just about to jump out and explode in price....there is a little voice that keeps saying that something will happen to keep the price low....maybe a trillion ounce 999 silver meteorite might land in the outback of Australia and flood the market lol......

I love the work of Ted Butler and his partner in silver Izzy.

It worries me that most commentators will say gold and silver will go to the moon in price...but a few only suggest gold...such as Doug Casey, Jim Sinclair and North (Y2k debarcle) at least it appears that way.

P.S. Doug Casey is the guy who I would attribute as to waking me up to the financial mess that is coming and to gold. He wrote an article about 3 years ago on silver and was singing its praises but now he just trumpets gold.

[wanabehasbeen]

Some people think we will experience a hyper/inflation. Whether you agree with that expectation or not I would like to know your thoughts regarding the effect of a hyper/inflation on the silver equation. Thanks.

[valerb@bellsouth.net]

Some might think that if the US were the only country experiencing hyperinflation, that it would not change the value that much for the rest of the world. Of course it would go ballistic in FRNs as would everything else. However, that would have to be a dumb assumption, as everyone with any common sense and even those without it would be selling everything they could to buy anything that might maintain it's value during hyperinflation. Gold would be number one on everyone's list, followed by silver, that would be us cheap bastards! How many people are out there right now trying to buy all the silver they can afford and it's only a few ounces at a time. Gold will be out of reach for the most part and the scramble will be on for whatever silver is available. Even that piece of crap "silver shot" will be sucked up, if it's available. Hell, I might even buy some if that's all I can get my hands on. I think what will prevent most people from buying anything in the beginning, will be the closing of all banks to prevent a run on the money, which they don't have to pass out. I've been lead to believe that even with a bank holiday, the banks will still be open, you won't be able to access your cash, but you will still have access to your safety deposit boxes. That's where most of my cash is waiting for the shoe to drop. As soon as it looks like it might happen, I'm turning my mattress into my safe deposit box, just in case they really won't allow access to the bank at all. That has to be the worst part of hyperinflation is to watch your money turn to dust in your account that you can't touch. You might be able to still right checks, but who are you going to get to accept a personal check for PM's? By the time a check cleared, the price might be ten or a hundred times more expensive.

[thowze]

One other factor that should affect silver is the availability of the metal for physical delivery on the COMEX. In a discussion thread, one member revealed that there is only 48 million ounces eligible for delivery out of the 129 million stated. And upon close observation it seems that the amount of silver is counted twice.

Click on http://www.nymex.com/warehouse.aspx and view the Excel spreadsheet.

Also the definition of what eligible and registered silver are from the NYMEX point of view:

Eligible and Registered Silver

The eligible silver stocks and that of the daily metal warehouse statistics are limited to silver bars that meet the Exchange's criteria for delivery. This criteria specifies that a silver bar must weigh 1,000 troy ounces, plus or minus 10% and be on the Exchange's Official List of Approved Refiners and Brands for silver. The eligible stocks denoted here, and in the daily warehouse statistics, do not include such items as 100 troy ounce silver bars or silver coins.

Specifically, eligible metal is not the same as registered metal. Registered metal is defined as metal which meets the standards for delivery as stated in the COMEX Rules and for which a COMEX Depository Receipt (Warrant) has been issued. Eligible metal is defined as metal which meets the standards for delivery as stated in the COMEX Rules and for which no COMEX Depository Receipt (Warrant) has been issued.

In order for eligible metal to become registered metal, the owner of the metal must have an Exchange Licensed Depository issue a Depository Receipt (Warrant) on those silver bars meeting Exchange standards comprising 5,000 troy ounces (plus or minus 6%) stored at its facility.

Many investors are going for the physical delivery for December contracts on silver to take advantage of the arbitrage situation in price. The conclusion is that chances are higher than many think that COMEX may get cleaned out.

[Chiswick40]

Is it just me or why not buy a truck load of paper silver, demand delivery then spend the next 6 months on ebay with a pena calada in one hand and the mouse in the other? sounds too easy.

[Crashdyv]

Originally Posted by valerb@bellsouth.net

... I think what will prevent most people from buying anything in the beginning, will be the closing of all banks to prevent a run on the money, which they don't have to pass out. I've been lead to believe that even with a bank holiday, the banks will still be open, you won't be able to access your cash, but you will still have access to your safety deposit boxes. That's where most of my cash is waiting for the shoe to drop. As soon as it looks like it might happen, I'm turning my mattress into my safe deposit box, just in case they really won't allow access to the bank at all. ...

Warning about the Department of Homeland Security (DHS) powers: if you make a call to or receive a call from certain countries (even some allied with the US) your name may be placed on a list of "Suspicious Persons". The DHS then has the legal right at this time to go into any bank and open any and all deposit boxes listed in your name, and remove anything they like. The bank is restrained and cannot tell you this happened. You then have 3 months to find out it happened and file papers for the return of your items. After the 3 months you have no recourse to have the items returned.

Read this for more information.

http://leapingrealeyes.blogspot.com/...posit-box.html