Your Local Silver Field Reports

This weekend is going to be very busy weekend as the criminal paper manipulators gave us another chance to sell every paper asset and useless consumer product we have to buy silver.  As it turns out once again the CRIMEX raised the margins on silver 16% this coming Monday.  This wreaks havoc on the emotional momentum monkeys playing in the paper casino.  Their use of debt and leverage works against them time and time again.  One day they will see that only buying physical silver with no debt is the ONLY way to invest in silver.  Obviously someone got wind of this coming margin hike on Thursday and decided to short the silver market into oblivion taking it down 25% in 2 days.  Enjoy the paper profits Blythe, this will only lead to more people exiting your rigged casino and buying more physical.  This will, at some point, expose the massive fraud that is occurring everyday in the paper markets.  Once exposed, all of those paper victories will be taken away as justice will be served.

Silver Shield's Silver Jeep on Ebay

I am doing everything I can this weekend to get more more silver.  Not only am I selling my prized Silver 4 door Wrangler Sahara on Ebay, I even took some stuff sitting in the basement to a consignment shop.  I am even toying with the idea of breaking the credit cards out to buy more, but as much as I love silver, I hate debt even more.   I also swapped some of the few remaining ounces of gold for “junk” silver.  53 ounces of silver for 1 ounce of gold is a steal, regardless what the dollar value is.

I have made the case that the natural ratio out of the ground is about 10 ounces of silver for every 1 ounce of gold.  And if we understand that gold has been treasured by all humanity throughout history as a precious metal, and that silver has been used and abused and an industrial metal, the 1:53 GSR will not last.  Logic would dictate that the gold to silver ratio is going to smash the 1:10 natural ratio, and I believe that with all of the fraud in the system and the mathematically inevitable collapse of the world’s currencies and paper markets, we will see a 1:1 ratio in gold to silver.

So let us hear what you are doing this weekend to buy more silver in the comment section below.  Please spare us the specifics, operational security, but what is going on in your neck of the woods and to what extent are you going to us.  Once Greece defaults and plays their role of Lehman Brothers to the sovereign debt crisis you will all remember the time you threw off your emotional reaction and logically kept stacking.  If you have any doubts read the Ultimate Silver Investor.

62 comments to Your Local Silver Field Reports

  • MPB

    To The Old Man. I have read many of your posts including your last one. Your points are well taken with me and I am with you more than you know. God Bless you. I am genuinely concerned about others and their well being, GREATLY, and it is this going forward that is one of my greatest concerns! My family and I have done our best to try and help others in need where and when we can. We do see what is going on around us, overall, it’s not pretty. My family has and is slowly creeping toward where many others are already. I expect things, (I am sorry) to get worse, not better. The overall facts just do not support any near term rosy future at all. Additionally, my family and I have already endured more losses both financially and physically -(health wise) than I care to talk about (Mostly at the hands of trusting so called professionals, banking and otherwise – NO more!). So I / we do relate and understand your comments and concerns. My family and I have and will continue to try and help others as we are able but, that ability is fading rapidly. We have given our time to help others (which is in extreme short supply), food from our small farm, clothes no longer used or fit in our family to others in need and more. We have tried to help where and when we can and have TRIED VERY HARD to steer and show others in anyway we can to help themselves. Trying to balance all this with our own current “overload” and looking ahead to what is going on around us is not easy. I personally just do not want my family to endure anymore losses than we have already if at all possible. Silver is only a part of what my family and I are doing, and given the facts, it’s seems more than reasonable to obtain more it if you are able, given the huge mess that has been created that we are currently living in. This particular post was about it and what we were doing with Silver this weekend given what has happened to it since Thursday. I have come to believe there are VERY few things left to preserve what my family has left of all ours years of hard work and savings. Virtually nothing in this life is 100% guaranteed (except the old adages, please lets not go there) but I’d rather have something real than more government debt, promises -(lies) or any other paper debt vehicle other than we need to get by on. If this sounded like a rant, my apologies, it is not meant to be. I just wanted to respond and let you know I do understand your comments and I believe most others on this site understand too. Again, your comments are well taken with me. I believe in God and in a certain amount of humility, and do NOT want to come across arrogant. Best to you and everyone…. God Bless.

  • Joe (Well-Armed Lamb)

    No one should be buying silver unless they are using it to preserve wealth. Basically, buying silver should replace the old “savings account”. That’s what it is.

    Would you max out a credit card to put the money in a savings account? Silver is like a very long-term savings account.

    People aren’t doing that, though. They are trading it. This is why some people are in BIG trouble. Anyone who has maxed out a card, used student loans or any such thing to buy silver is playing a VERY dangerous game. Sure, if you are filthy rich, have tons of prep done, a great fortified house, good, steady income coming in, then play with silver. But for MOST people, buying a silver dollar once a month is a MUCH safer strategy if you must have silver. If you aren’t FULLY prepped, you have NO BUSINESS buying even a gram of silver, IMHO, of course.

    I’ve been hearing collapse talk since the 70’s. Humanity has always talked about “the end times”.

    Put another way, the end could come tomorrow, or it may not come in your lifetime! You have to prepare, but you can’t live your life allowing this to become all consuming. Remember, for many people, all of this is a money-making BUSINESS, so use your natural-born intelligence and reasoning to think and don’t buy a metal simply because others are doing it or someone told you to do so. THINK about everything you do, and why.

  • Attila

    @ Joe

    Are you saying that buying silver in 2009 for 9$/oz has only served as a entity of preserving wealth!? Pretty sure the purchasing power of that silver has nearly tripled in the last 2 years. Stating that silver is an “old savings account” (Store of wealth) is quite the elementary interpretation of the value of holding the metal. Silver is an industrial metal for which global demand is rising and supply is diminishing. Silver will INCREASE your wealth not only store it in the long run. Saying short run is speculation and I don’t have the psychic abilities to forecast what will happen to a T but given my character I have ~ 20% of my silver funds allocated to bullish calls. This is where I agree with you. It is risky and those who can’t afford it don’t have any place gambling their lives, but hey, life a gamble, I prefer to live an interesting one. If my plan works I’m 2 steps forward, if it doesn’t, I’m not much further back from I started.

    Assuming your preaching is directed at me(I genuinely appreciate your concern), I’ll provide you with a picture of how I ended up in the situation you disagree with

    I’ll start with: no one tells me what to do, I am my own being and act upon my own governance, I may not have for most of my life but I am able to see past the global mass media manipulation, and admit doomsday fear mongering conspiracy theories can make one feel like they’re at a level of higher consciousness & are in on a big secret that no one else knows about, as if you’re an ‘elite’ set of individuals. I confide I fell into that trap for a while, but throughout the years I’ve managed to break free and ‘Question everything'( Let it be known I’ve only been a subscriber to DTOM for a few weeks and this mentality wasn’t acquired from this community alone) It really humbles me to come across individuals like Chris Duane, who are just such genuinely good people & it gives me hope for humanity and leads me to believe movements like the Venus project, or Zeitgeist is a possibility in our lifetimes. Shout out to Chris: Keep it up man, you’re a rare occurrence of authenticity in our corrupt society.

    Post secondary education isn’t what it was in the 70’s. Working part time will not allow you to attend university, live on your own, have a car and maybe even afford a gym membership anymore. The entire educational systems become a Ponzi scheme. Standards are lower, 70% of highschool students enroll to post secondary, it’s simply not an entrepreneurial thing to do anymore. It is a way to land you thousands of dollars in debt, years older, and not a fraction smarter depending on the program you’re in. I have a slight bias and am generalizing towards the business aspect of university, which is all taught based on Keynesian economics(One of my textbooks was written by Bernanke for gods sake!)

    Before University I had saved up a couple grand from online poker(yes I was underage)
    1st semester University:
    A full course load funded by student loans living at home
    A car under Dads insurance premiums (1/2 my cost)

    2nd/3rd semesters:
    A full course load on 2 12 hour days
    3 days PT in a warehouse (1.75x the minimum wage)
    Moved out in a studio suite(renting for 1/2 market price from relative)

    Year 2: Full load same routine, school work, school work, memorization, automation. Half way thru receive a notification of audit. During this time I had begun buying physical silver with my spare money rather than blowing it on partying. This is where I had begun to acquire credit cards.

    Year 3(Sept 2011): Conclusion of the 6 month long invasive audit: I earn too much therefor they are declaring over awards. I dropped my classes before I was charged a 6% interest rate MONTHLY for not paying my tuition fees, and was ‘only’ charged the $250 registration fee.

    Punished for working too hard and relieved of funding to an education essentially. I realized not much was learned in those 2 years. I prefer to educate myself rather than ‘get educated’ by a institution that changes textbook editions yearly so you have to cough up $200 per class for the book without having a secondary market for it. Business is a garbage, useless profession that contributes nothing to society. It’s a byproduct of the cancerous capitalistic society we live in. I hope to one day live in a world where capitalism doesn’t exist and we all collectively thrive thru efficiency in balance with the planet.

    Maxing out my credit cards Which are ~6% 3Year term interest rate cards is like using a line of credit to invest in silver. The real inflation rate is near 6% so If silver simply holds its value I’m even money. You can call it risky, but I am CERTAIN the collapse is going to happen this decade. I find it kind of poetic when I use a JPM credit card to purchase physical bullion.. the metal that will bring down the house of (credit) cards.

    This has been a scattered & lengthy post but hopefully you understand the rationale behind my motives. My current goals are to keep learning, leading a healthy life style in this toxic world, developing the 5 acres of mountain side my father owns as a means of refuge(eventually a self sustaining mini community,) and acquiring as much physical silver as possible.

    • Silver Shield

      You cannot solve a problem with another problem.

      Zeitgeist is just a slicked up new age version of collectivism.
      You cannot solve collectivist problems like socialism, state capitalism ( which is VERY different than free market Capitalism) with another form of dreamy collectivism.

      You cannot solve more debt with debt.

      The answer to our problems lie in individualism, education, and a truly free market.

  • Attila

    @SilverShield

    Individualism yes
    Education yes
    Free market – not necessary when the needs of everyone in the world are met & we are able to live in abundance and have conditioned ourselves back to aspiring to attain our needs, not our ‘wants’ which are truly(speaking in regards of the sheeple) the wants of corporations.

    I’m more of an advocate of Jacques Fresco and his work on the Venus Project http://www.youtube.com/watch?v=KJOHALtINfw&feature=related very thought provoking but I’m sure you have thousands of links to watch

  • Attila

    Excerpt from an email I just received responding to the Wall Street Protests:

  • Attila

    Contrary to the
    statistically void efficiency assumptions made by most Market
    Economists, the Free-Market simply means anyone can do whatever they
    want and maximize however they want within the confines of legal
    legislation; legal legislation which, make no mistake, is also for sale
    in the Free-Market as well; as are political officials, regulatory
    institutions and whatever social entity you wish to consider.

    Nothing but maximizing monetary gain is sacred and anytime a person or
    group brings some detrimental social or environmental consequence of
    this system to the forefront, pejorative distinctions are usually
    branded upon their forehead to stifle such concern and frighten other
    detractors – such as being called a “Socialist” or “Communist”.

    Furthermore, while people in protest today across the world continue to
    condemn monetary influence in social dealings such as the legal reality
    of Corporate Lobbying, even using such colorful terms as “Corporatism”,
    “Crony-Capitalism” and even “Fascism”, they seem to misunderstand
    what
    this system is and always has been.

    The Free-Market model of Economics is a haphazard, unscientific anarchy
    of organization which assumes that any person or group with
    enough money and hence power will be “responsible” in their actions
    both socially and environmentally. The problem is that the very
    definition of being “financially responsible” actually means to be
    socially and environmentally exploitative, manipulative and negligent,
    for the main driver of this system is Inefficiency. The more problems in
    society in general, the more jobs are created and the more rich the
    upper 1% become. There is an empirical decoupling from what actually
    supports life and no alteration of the core configuration of the
    monetary-market Incentive will likely change that.

    On a different level, this system, as an historical evolution, is
    actually based on a culturally hegemonic pretense. Once economic
    advantage is obtained, it will likely be kept. This is why everything in
    the system favors the wealthy by its general structure and inherent
    logic. While the public might complain about the fact that top Hedge Fund
    Managers bring in over 300 million dollars per year, they often do not find
    objection with an Interest system that rewards those with high deposits
    and essentially taxes those using credit. While you may buy your home
    with a loan, paying thousands in interest a year, a person of wealth can
    make a CD Investment and gain free interest income simply because they have
    the money to spare.

    Class separation and perpetuation and the growing wealth divide is not a
    byproduct. It is inevitable. In the Free-Market, one is actually
    “free” to take away the liberty of others through the mere economic
    pressures generated from the game. You are only as free as the size of
    your wallet. The term “Institution Racism” was coined by civil
    rights activist Stokely Carmichael in the 1960s referring to how often
    unnoticed underlying policies and structures within the social system
    undermined African-American prosperity and equality. What we have today
    is a mere variation: “Institutional Classicism”.

  • Joe (Well-Armed Lamb)

    Attila, I’m sorry if I came off sounding “preachy” or if I was singling you out. Not my intention. I am glad you realized that my primary intention was to help people.

    I still contend that most people (not speaking specifically to you or anyone else) who are getting into this are giving far too much attention to silver and not enough to basic prep. Look, I stack silver myself. So I am absolutely NOT against silver! I love silver and hope and pray that someday it will become our new method of exchange. But having said that, I know too many people who just find out about all of this, realize that our world IS going to change, panic a bit, and then go out and buy silver or maybe silver and a gun. Now, people SHOULD consider silver and a gun and some point in their prep…but silver (and even a gun!) shouldn’t be the first thing you get.

    Anyway, enough has been said. I just wanted to check in and let you know I appreciate the fact that you understand I was only trying to help and you took it in that spirit.

  • Robert Jones

    I’ve been buying physical silver with credit card deals of 0% interest for next 12 months, there’s a 3% fee though. I make 2-3x minimum payment each month, figure it;s a forced savings. If system does crash and all paper goes to zero maybe could get silver for free. Going to look at legal option of just not making payments at all, banks are taking losses on defaults of cards. Any info/knowledge of card defaults, it’s nonsecured credit.

  • […] Editor’s Note: It’s the paper that is failing… not the metal. Keep that in mind as you continue to watch the charts. This weekend is going to be very busy weekend as the criminal paper manipulators gave us another chance to sell every paper asset and useless consumer product we have to buy silver. As it turns out once again the CRIMEX raised the margins on silver 16% this coming Monday. This wreaks havoc on the emotional momentum monkeys playing in the paper casino. Their use of debt and leverage works against them time and time again. One day they will see that only buying physical silver with no debt is the ONLY way to invest in silver. Obviously someone got wind of this coming margin hike on Thursday and decided to short the silver market into oblivion taking it down 25% in 2 days. Enjoy the paper profits Blythe, this will only lead to more people exiting your rigged casino and buying more physical. This will, at some point, expose the massive fraud that is occurring everyday in the paper markets. Once exposed, all of those paper victories will be taken away as justice will be served. READ MORE […]

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