The Perfect Silver Storm

This has been the best day I have seen in silver, up $1.52 in a day to 30 year+ highs. There are rumors swirling behind this latest rise that the socialist president of Bolivia, Evo Morales, is going to nationalize the largest pure silver miner San Cristobal, on International Workers Day, May 1st. I have no doubt that he will do this and this will take tons of silver off of the market and cause massive uncertainty to the already strained paper silver market.

Let this be a lesson to all of you who are trying to play this market with anything other than physical silver in your possession. Stay away from silver miners (they will be confiscated, even American and Canadian miners), stay away form the ETFs (they are a paper fraud), stay away from unallocated silver accounts, stay away from numismatic silver, only buy the physical bullion in your possession.


Invest In Silver American Eagles Now
A massive upswing in silver prices will attract buyers like blood in the water for sharks. This will cause massive dislocations in the silver market and hopefully lead to a physical default at the CRIMEX. Once there is a default in the CRIMEX all bets are off of the table, because that is just the tip of the iceberg of the massive global, inter generational, quadrillion dollars Ponzi Scheme.

Oh and to add on to this perfect storm we are going to going to be running the Silver Drudge Report Bomb the week before they nationalize the mine. This also happens at the beginning of another delivery month. The Silver Shorts are going to take it in the shorts soon. At what price do you think ole’ Bob admit he was wrong? Or Blythe hits the bottle?

10 comments to The Perfect Silver Storm

  • ewkeane

    And the Ag/Au ratio is 35/1.
    And if this market price rise keeps up, productive consumers will haller bloody murder, and scrappers will dance in the streets.
    There is still plenty of pre 64 out there (at least in my district). If your local coin dealer is fair, then buy local and save on shipping costs.
    I am not betting the farm on this stuff, but it ought to make a good account in the future. Beats spending loose change on lottery tickets (I cant believe folks still toss dollars at that scam).
    Keep an eye on your par value (FRN purchase price/total dwt of hoard). I like to keep a slack of about 8 bucks.
    Thanks for this forum.
    About time to buy more.

  • doug

    sweet day alright,bob and blythe are both nipping the bottle on days like this.I am am still buying and holding and betting the farm on this, as this is one investment that is a opportunity of a lifetime and i sleep quite well knowing that the banking cartel are squirming and burning the midnight oil trying to figure how to get the silver handle that slipped from their sweaty grimy fists.Ya silver shield i am getting close to selling my Canadian miner in Mexico and making a deposit at my local dealer for another load.Once the SHTF even a poor country like Mexico will see the opportunity to nationalize their mines and deputize the drug cartel to run their national treasures.Short and sweet,good piece…cheers

  • Bryan

    “Stay away from silver miners (they will be confiscated, even American and Canadian miners” I am just curious what makes you so sure that all mines will be nationalized/confiscated in the future even in the US & Canada? It seems like many in the gold & silver community either say the government is going to confiscate your physical gold & silver or that precious metals mines are going to be confiscated & nationalized. Bob Chapman of the International Forecaster who has over 50 years of experience in the gold & silver markets, he says you should have a combination of coins bullion & mining shares. I am a small time investor so i just stick with coins, however some people I think mining shares are suitable for them since they may have a much larger portfolio to work with..

    • Silver Shield

      “You’ve got to know when to hold them, know when to fold them, know when to walk away and know when to run.” The Gambler.

      Listen I am a bit of a radical purist when it comes to silver. I want NONE of the Elite’s money in their system so I stick to 100% physical.

      For those of you who are not as radical as me…

      I would recommend only AFTER you establish a large physical position is it OK to gamble with the wind at your back.

      I own no stocks but even I have thought about doing calls on some mining stocks it would have been a great call. But I know most investors will let it ride and not be disciplined enough to take their gambling winnings off of the table.

      I have a great deal of respect for a lot if guys in the business who do recommend stocks to enhance a portfolio and there certainly a case to be made there for the big guys. But for 95% of you out there stick to the physical.

      P.S. I do not think miners are going to be seized in the US or Canada tomOrrow, but when the next storm hits and our governments get more desperate and silver keeps going to the moon… These globalist, collectivists will no doubt seize the SLV etf and miners either out right or pass windfall taxes or whatever.

      That scenario is possible especially if there is a Physical Default at the CRIMEX.

      Can you imagine what the government is going to have to do to correct that mess?

      Senator- “Blythe… You me to tell me that you need $700 billion to bailout a huge silver short position you could never deliver upon.”

      Blythe- “Yes Senator. I wanted to see if I could out do myself with Credit Default Swaps and I did it.”

      I could see the .gov seizing those assets trying to “fix” the market.

      So as long as you understand the risks and have money to burn…

      Have fun at the table.

      The trend is your friend.

      SS

  • James Woroble Jr

    ‘Freedom’, public health and welfare’ and ‘free enterprise’ are luxuries bestowed upon societies when is is determined to be in the best economic interest of a government to efficiently support and enrich itself. When circumstances change and these ‘mechanisms’ can longer produce the wealth and the population is an economic burden, governments will tyrannically take what you have to sustain itself and kill you to relieve its burden of obligations.

    This is a non-localized global systemic collapse. Expect every nation to act in the same historical manner in the self-interest of its maintenance of government. All mines everywhere will be nationalized, especially in an economic environment where precious metals and mineral commodities form a new basis of confidence for monetary transactions.

    Furthermore, the stock markets, the bureaucracies that oversee them and the financial institutions that transact and hold your shares (in their name!) are every bit as corrupt as that of the mortgage industry. And the result will be the same. I will not elaborate upon this here, you can Google ‘naked short selling’ and ‘counterfeit shares’.

    Remember, ‘Possession is nine tenths of the law’, and they posses the property and shares, and also pay for the laws.

    In the world that is to unfold, if you can’t touch it, you won’t own it. Don’t count on one of their judge$ to say otherwise.

  • James Woroble Jr

    Embry – I’m Amazed Hedge Funds are Short Mining Shares!

    With gold at new all-time highs and silver at multi-decade highs, today King World News interviewed John Embry, Chief Investment Strategist at Sprott Asset Management. John Hathaway commented in his KWN interview, “I think these hedged funds (which are short mining shares) are going to get roasted.”…

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/7_John_Embry_-_Mr._Bernanke_is_a_Murderer_of_the_Middle.html

    NOT IF THE HEDGIES SEE THE ‘BLACK SWAN’ OF MASSIVE NATIONALIZATION!

  • Alan

    I am watching everything unfold, and have been reading this voraciously for 5 years,all I hold now is physical, sold stocks two weeks ago when I heard that to get registered ownership of my stocks would now cost 600$ U.S. per certificate.
    At one time this was free, then went to 40 dollars then last year $100, and in Feb, that got boosted to 600$, They have some kind of a game plan going. Then check out the prices of the stocks, and physical compared to what everything was two years ago,,,,,YIKES!!
    Thank you for this wonderful website.

    Al

  • lancepawl

    If you think mines will be taken, or windfall taxes applied, I wouldn’t be so smug about having physical silver. When John Law screwed up the French economy in the 1700’s and everything was worthless but gold, the government turned around and made it illegal for citizens to have gold, punishable by death. Plenty of neighbors turned in their fellow man to get a pat on the back by the government. You think if less than 1% has physical metal that that won’t go unnoticed by the other 99%. They will hate you and the government will be all too willing to make that 1% to be the bad guys, scapegoats even that caused the problems. Your biggest problem will be how to get out of Dodge alive with or without your metal. Sorry to say. I’d be very surprised if whoever the powers are will let you keep your metal with less than a 50% tax, if lucky.

  • obamanke

    Just received my tax refund going to buy more physical.

  • […] This has been the best day I have seen in silver, up $1.52 in a day to 30 year+ highs. There are rumors swirling behind this latest rise that the socialist president of Bolivia, Evo Morales, is going to nationalize the largest pure silver miner San Cristobal, on International Workers Day, May 1st. I have no doubt that he will do this and this will take tons of silver off of the market and cause massive uncertainty to the already strained paper silver market. Let this be a lesson to all of you who are trying to play this market with anything other than physical silver in your possession. Stay away from silver miners (they will be confiscated, even American and Canadian miners), stay away form the ETFs (they are a paper fraud), stay away from unallocated silver accounts, stay away from numismatic silver, only buy the physical bullion in your possession. A massive upswing in silver prices will attract buyers like blood in the water for sharks. This will cause massive dislocations in the silver market and hopefully lead to a physical default at the CRIMEX. Once there is a default in the CRIMEX all bets are off of the table, because that is just the tip of the iceberg of the massive global, inter generational, quadrillion dollars Ponzi Scheme. READ MORE […]

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