More TwosDay Silver Shortage Reports
(Just about everyone is sold out!)
Silver Stock Report
by Jason Hommel, September 5, 2008
I asked my readers to go to their local coin shop
on Tuesday, September 2, at 2PM. On September 3rd, I published the
first 10 reports from my readers. Here are the rest, about 25
more. They are almost identical. No customers. No
silver. Long delivery times, or unknown wait times. What
little silver there is, is often selling at shockingly high premiums,
and going higher.
How can this be? No customers AND no
silver? Very simple, as I've explained many times over the
years. Less than 1 person in 1000 is interested in silver.
Only $1 billion of total investor demand per year. Silver investment
is an extremely tiny market, ridiculously tiny compared to world
finance. There is 100,000 times more money in paper bonds than in
silver. Often in the world, in cities of millions, there is only one
major large bullion trader, and these days, they are sold out. This
is exactly why silver must go up, and exactly why silver is such a great
bargain. Nobody wants it, (relatively speaking) while everyone needs
it. Today, there is "record" demand greater than ten times
normal in places, yet, still no lines. The public, who used to sell,
to help fill the supply/demand gap, is no longer selling, and is now
buying. The coin dealers looked at the prior customer selling, and
from their perspective, "nobody wants silver". From an investor's
perspective, the former public selling was an "unsustainable supply
source" that was filling a supply/demand gap, that cannot be filled,
except by rising prices. This current change in the market structure
of the silver market could easily be forseen by anyone, yet some
people continue to deny it today.
COMEX paper prices continue to
diverge from physical. It may well be that the premiums on real
silver, are creating the incentive for people to sell out of their
paper futures contracts, and buy real silver, instead, since paper silver
prices are not keeping up with the real thing.
Barclays, sponsor of the silver ETF, SLV, needs £7.5 billion in capital,
and is clearly in trouble! I have warned about the integrity of SLV,
because its silver is unauditable, with JP Morgan the custodian, who also
uses many sub custodians, so the ETF is basically reliant upon the
promises of JP Morgan and its creditors, and JP Morgan has the
largest derivatives exposure of all banks, by far, $72 Trillion, with a
I am an avid
reader of yours. On August 30th, I went to four antique shops in Indiana
where I have been buying silver over the past several years (supplied by
local coin dealers). During this period, they had plenty of coins
(Morgans,Peace dollars,1 oz rounds and bars).
In all these
shops, their inventory was low or non-existence -- there were no
Eagles available and I bought all the Morgan & Peace Dollars they had
(28 coins) and all their 1 oz silver rounds (14).
Also, I have
been buying silver rounds/bars from a dealer in Colorado -- he has been
out of silver for the last several weeks and just got a shipment of 100 oz
bars.This has never happened before (I've been a customer of his over the
past 3 years).
I'd let you know of my experienced.
Sry I didn't get this to you before your 'TwosDay Silver Shortage
Reports' was published.
And my experience at San Rafael Rare Coin was identical - no
lines; no customers; no bars left;no rounds; and i bought him out of his
last $2000 of 90%. He was taking orders but not taking money or deposits;
he reported a 'few' weeks delay to fulfill good faith orders taken; he
explains the shortage as a production issue with JM & E.
Since your are in NorCal, do you have any experience with this coin
shop owner. He seems very honest and forthcoming.
FYI, have you discovered 'Feed Demon' yet - it's a way of aggregating
all the RRS feeds from multiple websites. Really great tool, esp keeping
up on silver & world economics news.
I meant to send
this to you yesterday, but I had some medical complications, so I am
sending this note today.
down of the price of silver is just another example of the constant fraud
in the COMEX. Nothing said to these people will do anything to solve
this crime until their system breaks. Before then they are making a
lot of money plundering small investors by forcing margin calls and
disheartening the uninformed. The only way to bring
this house of corruption down is to speed up its end by herring their run
out of all silver.
suggestion to buy one COMEX silver contract every month, paying full price
for delivery, and then accepting delivery of the five 1000 ounce bars to
yourself or an agent who will melt them down to smaller
pieces. This will work for several reasons.
One, this will bleed silver out of the COMEX and hasten the day it
dies (more so if this practice becomes
Second, you already
shown that there is a $4.00 premium over spot on bars.
As this fraud continues the scarcity premium WILL rise, maybe to
$8.00 or $10.00 per ounce. You can pay a fee to some
silver smelter (to be safe under escrow) of maybe $5,000.00 for the five
1000 ounce bars, pick up the 50 one hundred ounce bars, and sell them to
your people for eight or ten dollars over spot, for a $40,000.00 or
$50,000.00 gross profit. This will make you a
benefactor of your readers, i.e. it is better to receive silver at $20.00
an ounce, than receive nothing, especially when the shortage will
initially cause silver to blow up to $30 - $50 an
After COMEX is
broken and they accurately reflect the real price of silver, then the
falsehood caused shortage premium will go away, and things will return to
normal with the usual premiums, except you helped a bunch of people to
Another thing you
may do with your is to inform all of the dealers, that you can find
customers for them willing to pay more than the price which silver
smelters pay to them for their bars or rounds.
And one last
comment against the stupid dealer of American Coin in
Orem, Utah who said:” Why raise my bid price when people are
throwing silver at me”. You can
reply: ”Because there are other people who are willing to throw even more
money at you for this same silver”.
Anyway, good luck
Jason, I went to my favorite local coin shop on Tuesday at 2:00 pm.
He had no silver dimes, as somebody had bought all that he had. He
had some half dollars, but somebody had already paid for them. He had
maybe 50 silver eagles of different dates but was asking $15.00 each
when the spot price was about $12.77. He also had 3 one ounce bars
that looked like they had been through hell. There were a small
amount of silver quarters, maybe about 200. I bought a roll for
$90.00 and felt lucky. I asked the dealer what was going on, and he
responded that he thought the paper silver market was responsible for
the confusion. He said people have been buying silver like crazy ever
since last year. This shortage looks real to me.
CNI, where I usually buy my bullion
has a hoard of silver eagles which they are offering at $3.36 over spot in
lots of 500
I saw the inside of their silver vault 2
weeks ago when they had no 100 Oz. bars. they had what I would estimate by
the size of the stack, about 200,000 Oz of rounds in boxes of 500.
They also had about 30,000 Oz of coin bags, I believe all
quarters. I know these as I own 20 of those boxes among my
stock. At the time, they were offering generic rounds at
$1.50 over spot. Two weeks ago, CNI would not commit to a date
certain for delivery of 100 Oz bars.
Jason, I visited my local, coin shop at
exactly 2pm Tues. Only one person was there dealing for a coin. I
asked to purchase some 10oz bars and Jack informed me that he had no
bullion at all. JHe offered me some junk dollars and said he had one
box of Silver eagles. So, I asked for some, he said come back
tomorrow, I have them at home. So, I asked Jack if he had heard of
Jason Hommel, he stated that he had. Then I told him what you
had predicted. He explained that he didn`t know when he would get
more bars. Seems like you struck the nail on the head.
Sincerely, Phil Spokane, WA
wasn't able to make it to my local shop but I did call a friend of mine in
Seattle and told him to go and try to buy some silver.
Northgate Rare Coins and Precious Metals who informed him that they had
nil as far as inventories go.
He informed the gentleman that he
wanted to buy about 500 ounces of silver in whatever form and he was told
there would be a 4 week wait and would have to pay up front, $1.25 over
He called one other shop that was also out. The shop owner
said he just got in a shipment the other day of 500 oz's and within an
hour a buyer came in and it was gone. He was willing to put an order in
for another 500 oz's at .80 over spot for cash up front -- Guess he
doesn't value the premium or the shortage.
Would you happen to know
of any other folks in Toledo, OH that you are in contact with? I'd like to
hear what their experiences have been like. You can forward my email to
them if you wish.
Tuesday at two I
called my local coin shop, (just had knee replacement and couldn't drive),
we are on a first name basis. I asked to buy 100 single ounce rounds and
he chuckled and told me he had zero stock. He offered to buy any I would
sell him at $2.00 over spot. I declined his offer. He told me he was even
having a hard time getting his supplier to commit to availability for the
near future even. He did not know when he would have stock. He said he had
plenty of gold for sale. He also reads your emails as diligently as I do.
I agree with your views 100% on the silver market, keep up the great
Mel W. Indiana/Michigan state line, coin shop in Roseland, IN by
the University of Notre Dame
has any silver around my neck of the woods. Coin shops are only ordering
rounds (blanks) Pay full price up front. They are selling a few eagles at
18$ a piece. I told them I had silver for sale at a minimum of 50$ an
ounce, got a good laugh. After that questionable silver blank I bought, I
don't plan to buy any more rounds. Only Eagles or 100 oz
My local "wholesaler" buys from local shops
and walk ins.
I asked about silver eagles over the last few
The first time he had one tube at
The second time I got three at
The third time he told me he was
He later said that he had had two monster
boxes and sold one at $25.00 per ounce.
The buyer wanted the second one also but the
dealer said that he was not going to part with
it even at that price.
(Editor's note: ebay.com, while expensive, is much
Jason, Started reading your articles
about a year ago...On july 31st 2008, i bought my first 100 silver maple 1
oz -- Every week in August i went to the kitco store in Montreal and
bought 100 maples with no problem but on september 2nd, around 2 p.m. they
told me on the 9th floor that they had no more silver to
sell...Disapointed -- Cannot understand, if there is such a shortage, that
the price of silver is not going higher -- Thanks for your incoming stock
report -- Pierre from Québec, Canada
EDITOR'S NOTE: KITCO HAS
NO MORE SILVER TO SELL IN QUEBEC?!
Went to the local
coin shop on Tuesday and found myself looking into an empty (bullion) show
case for the most part. There were some silver rounds but no 5, 10, or 100
oz bars. I cleaned 'em out of the rounds with about three hundred bucks.
No promises, I could order more if I were willing to wait 6-8 weeks
for delivery which could not be guaranteed but would still be
required to pay up front.
There were also some silver
eagles, about two thousand $$$ worth,(the last ones in stock) and they
were $25.00 each!
Richard in Montana
Jason I find it interesting that bullion has dropped to where it currently
is but the silver with the government stamp (eagles) is selling for what
spot price probably OUGHT to be. Is this a fair guess? What's up with
that? Are things getting SO corrupt that honest (PHYSICAL)
investors are being hoodwinked by the paper guys? What do you do? Is
'sit tight and be right' a good philosophy in this wildly confusing
market? I guess I know how you feel but I notice that even you have sold
some ozs recently --
Dear Jason, Thank you
for all the important information you are putting out on your
website. I'm a small investor and am purchasing 1 oz rounds. I
went to a local coin shop/precious metals dealer again on Tuesday and had
good results. No one was in the shop but the owner, an employee, and
my wife and I. This shop has been there since the 70's so I assume
they have a decent reputation. They recognized me from a purchase of
1 oz rounds about 3 weeks ago & I didn't even ring the buzzer as the
door unlocked as soon as they saw us. No one else was in the shop at
2 p.m. I asked if they had anymore 1 oz rounds & he said they
were sold out. I asked if he heard of you and he put out some false
press on you saying you're the guy that uses the Bible to sell your
metals. I said there was a shortage of gold & silver, especially
silver and he said that was not true. He named a bank in the Northwest
that I don't remembe r that had millions of oz for sale. He said the
reputable coin dealers in California hate you for being a false
propagandist. I knew he was misinformed. I saw a pile of large
silver bullion coins laying on his desk & asked to see one. He told me
they were a collectors item someone brought in & sold them to
him. They were minted by Franklin mint and mostly depicted
engravings of English & other European historical events & they
were strikingly beautiful. I asked about the larger than usual size
& he said that each coin was .999 pure silver and weighed exactly
l.333 oz. What do you want for them I asked. He said spot
price of $13.05 per oz and let me have them for $17.40 per coin and I
bought all 45 coins for $783 for 60 oz. total. I was happy you had
your readers do this on Tuesday. I would ask if you share this
letter that you leave out the part about him not thinking a lot of you and
what the purchase was as he reads your letters. Thanks again for
wising us up on silver. My wife and I went to a McAlvaney seminar
here in our city about 3 weeks ago. As you know, he's been in the
metals business since 1972 & writes a monthly newsletter. He too
says that the metals are about to shoot the moon & that for the next 2
years silver will out perform gold. You may call McAlvaney for his
DVD seminar about 2 1/2 hrs. long God bless you and guide you
in all that you do. Buddy Kae
I have visited my local silver shops here in Indianapolis and it is
cost prohibitive to buy from them due to large spreads and having to pay
sales tax in Indiana. I buy from Bullion Direct and have had great
service from them. They are delayed but I still got 1400 eagles
delivered in about 2.5 weeks... taking delivery today.
I am trying to use craigslist.com
sell my silver locally. There are no fees. I have used craigslist
many times to sell all kinds of
merchandise but I have had no action on a post I put on over 2 weeks
ago. I don't think many people with silver use it to connect with
If you could put the word out about craigslist.com maybe it would
be the freemarket we are all looking for. --Matt
No, there is not much silver for sale on craigslist. I have not
sold any silver through them, only general items. BUT...I believe it
would be a great forum because the whole idea is to bring buyers/sellers
together (face to face) . I like this idea because it deletes the
need for fraud protection. It's meant to be a localized
I prefer this greatly over ebay because there are no fees for using
craigslist and I know I am going to meet with a live person for delivery
and payment of whatever a selling. In the case of silver I
would probably meet in a public place (not my house). Also,
this keeps all transactions "off the radar" and most people pay cash for
items that are $500 or less.
I hope you also see the stregnths of this format and promote the
idea. OR, I would love to collaborate on creating an online forum to
address the needs of the silver community.
I went to a shop in Cedar Rapids that I'd never been to. Pick up a half
a dozen Silver Eagle tubes and a few Silver Eagles. They had a small
supply of Silver Eagles and rounds and bags of circulated/worn Morgan
Dollars. I'm going back tomorrow to check out the Morgans. I was the only
one in the shop at the time and I've no idea what his volumn is business
wise. The owner is a locale Numismatist with the locale coin club. He did
mention that Silver Eagles we're becoming hard for him to get.
Didn't make it yesterday, but went to my local coin shop in Corvallis,
Oregon today. I bought 3 100 oz bars (2 JM's and 1 Englehard) and that
cleaned them out. They held them for me for 4 hours after a phone
conversation(I have previously purchased from the same store and they
remember me), they had 6 calls wanting to purchase the same bars by the
time I picked them up. I paid $2.30 over spot. Store said that supply is
difficult and that they sell out routinely. They also said I got lucky
with my purchase today.
I visited a local coin dealer
yesterday... Coin Mint White Plains NY 914) 428-6682
He says business has
been brisk both buying and selling.
he said it was hard finding
silver... yet I realize now there seemed to be a lot of
silver products in his display case - one oz Silver bars, nice
one oz silver rounds, lots of Morgan dollars and various other
I had no intention of buys that day so I
forgot ask price..
Maybe it's because I'm a small buyer. A
very small buyer. I only buy like a few hundred dollars worth of
silver at a time but I've called about 10 places in my area. Out of
the 10 about 6 or 7 has silver in some form. A couple of the places
say they have hundreds of silver eagles. The others say they have
only 1 to 2 rolls and the other only has 9.6 oz bars. Now at first i
started getting shocked that these places were saying that they had
silver. Not realizing the small amount i was looking for or that
they were telling me they had, excluding the 2 places that told me they
had hundreds of silver eagles. One of them got smart when I asked
how many silver eagles he had in stock and said in a smug manner "more
than you can afford." without even knowing how much i was looking to
buy. Anyway, maybe I'm just a small buyer because at first i started
to question if there was a shortage just by the fact that so many of the
places were saying they had
silver. I was expecting to hear
that there was no silver in any form available in all the stores.
I'm a small buyer. One of the places has 20 silver eagles for
$16.50/oz. I plan to head over there right now and buy them but the
news of not hearing all the places saying they were void of silver of any
kind shocked me and had me pause to ask about the shortage. But
maybe it's because I'm a small buyer only expecting to by a few hundred
dollars worth of silver at a time, that i did not notice the
suggestion to visit local coin shops on the 2nd of this month, I thought
you might like to hear about my own experience.
I live in one of
the larger cities in the U.K. I decided to source my local coin shops and
find out what they had in stock. Normally I would go straight to an
internet source for coins (in fact, London is the only real option for any
quantity) but it seemed only fair to check out the local places and pay
them a visit.
I was surprised to find that my city supported only
2 coin shops with any hope of holding bullion in stock. The rest were
basically jewellers or pawnbrokers/valuables-for-cash exchanges which were
not worth the time.
The first shop was really tiny. Enough room to
swing a cat - a very small one. Most of the stock was curiosity pieces in
velvety boxes. I found a small section dedicated to familiar gold and
silver coins. I got the idea very quickly. The complete 'bullion'
inventory consisted of:
- 1x 1oz gold Britannia @ £500 GBP (10%
- 1x 1oz gold Maple @ £550 GBP (22% premium)
- 1x 1oz
silver Eagle @ £22 GBP (!!!)
- a 3-coin set of Royal Mint proof pound
coins, at some silly price
- a few 1/4oz gold sovereigns, most of them
of numismatic value
- a large silver Crown which was again a
- a few miscellaneous small gold coins such as Francs,
I asked if they stocked (or sourced) bullion coins
which were not on display. I was told 'oh no, we are too small for that'.
I commented that there appear to be no other retail sources of bullion
coins in the city, perhaps even a lot farther. I suggested that given the
recent bullmarket in precious metals and gold/silver coins, that he may
have be missing out on an opportunity. But his interest seemed to be
firmly in rare coins, and not shifting gold or silver - which I suppose is
fair enough for an enthusiast with a shop. But its quite alarming to think
that one customer could empty this shop in 5 minutes, and that would be
pretty much it concerning 'real shops' with gold coins.
Oh, and I
was the only customer, possibly even that day.
There is a second
shop in the city, which is not a coin shop at all, but they do list a few
bullion coins on their website in very small quantities. I think they
would be cleaned out 5 minutes later.
When I got home I made a
call to a coin 'dealer' in the city which operates without a shop and I
found via google. I asked about bullion coins and was quickly referred to
their HQ in London, so I said thanks an goodbye.
It seems this
country has completely dropped the ball in terms of gold & silver?? I
didn't realise it was this bad.
Appreciate your knowledge and wisdom that you
share with us. Just wanted you to know that I did contact my local coin
shop on Tuesday, and they didn't have any silver rounds (what I
usually buy), and of course wanted me to place an order to be recieved
Just eight months or so ago they always had some rounds on
John in Portland
I also went to
a coin shop at 2 on Tuesday in central New Jersey. I was only customer.
Lots of demand for gold, less for silver. Little of each to sell without
significant premiums. I also called 2 local wholesalers. They confirmed
silver bars in 10 to 100 oz weights are hard to find and they have dealer
waiting lists. Dealers are not selling at low prices. One dealer who is
buying but not selling told me, "the world is too messed up for silver to
stay cheap for long". It really does appear that paper silver
price is low; silver bar prices are higher if you can find sellers. It
seems to me that dealers can only hold back for a limited time as they
need cash flow to pay rent and taxes, etc.
Also, I think
alternative energy development (wind, solar, battery, etc will be
silver-requiring) as silver is such a great electrical conductor. I was
unable to find out how much silver goes into a new Bosch calcium-silver
alloy car battery.
Do you think
silver industrial users want investors competing with them? I don't think
so and the silver investors are being cut off from supply from major
fabricators, refiners, and industrial operations. The market will adjust
and Ebay will reflect the free market.
BNS.. IS EMPTY..
Was invited for a private tour of the BNS vault
Waited for 2 months for a tour of the Bank of Nova Scotia vault.
Just came back and I was amazed at what I saw.
Given the amount of
paper certificates out there I expected to see rooms filled with
They only have 60x 1000 oz bars as their working
They have zero 100 oz.
They have zero 10 oz.
zero silver maples, silver eagles, zero 1 oz rounds.
They have 1x 5 Oz
silver bar. They have 10 million Oz in custody for Sprott and
I asked where is the silver that is backing the scotiabank
certificates? The vault manager said New York I guess.
I asked have you
ever had inventory this low. They said, been here since 1985, never seen
anything like this, we used to have shelves full of small oz silver.
said waiting for 3 months for 100 oz, 5 oz and 1 oz but cant get any
They have allocated silver and gold as well in large safety
deposit shelves but wasn’t able to count that.
Used to be under
impression that gold and silver certificates are allocated because they
have an exact quantity of metal to the decimal point. Now I know otherwise
the metal is NOT there, though they claim it is in NY.
have 210x 400 Oz bars
They have 2800x 400 Oz bars in custody for I
They seem to have ~4000 maples, ~500 eagles coins, 10x1 kg bars,
10x 1 kg gold in small nugget form for jewellers
I asked where is the
gold that is backing the certificates. The vault manager said, the BNS
vault in NYC is 5x larger than this one so it is likely housed
All the best
I guess the Bank of Nova Scotia means their precious metals
are in Deep Storage, just like The US
just called barry stuppler,
stuppler and co. 1-888-454-0444, he also has no silver and won't even
bother getting any bullion in his store. stuppler is very well known
and very very honest dealer. i think is main business is old coins
but he as sold silver rounds to me in the past. none
Copied below is the original note I sent to you after the
visiting my local coin shop on 9/2. Today I decided to check it out again
and found out some more interesting information.
First, I again
bought out his entire stock of Englehard 1 oz. rounds. This time I was
only able to get 8!
Second, he told me that since 9/2 he
has seen a significant increase in the number of people calling to inquire
about the availability of silver or even gold. Just as before, he
had none to offer or any idea of when he might get more. He and I talked
it over a bit and the best we can figure is that the manipulators are
trying to drive the paper price down in the hope that people will panic
and start dumping so they can fulfill their obligations on the cheap but I
know I’m not planning on doing that and apparently none of the other
"regulars” are doing it either. We both agreed that there is something
fundamentally wrong with the market and are guessing that the dam will
soon break as more and more people try to find silver.
We live in
very interesting times.
Well, I thought you might like to receive a report of my
observations regarding the September 2 and 2 PM movement here in
Being very interested in the subject, I arrived at
Laurel City Coins in Winsted, CT, promptly at 2 PM this afternoon. I have
been buying bullion there for years. The only person in sight other than
myself was the proprietor, Dick Munzner. He reported that the further drop
in silver prices appears to have completely dried up the interest of
buyers. However, he also reported that he had virtually nothing to sell
and nobody seemed to be accepting orders. I pretty much bought out his
entire stock of Englehard 1 oz. rounds and I had no problem holding them
in one hand. Outside of those, he offered me some weird 12-ounce replicas
of the Walking Liberty coin from an unknown mint. I passed on them due to
the odd size and shape which would make them difficult to handle or store.
My impression was that he only had a few of those as well.
guts tell me that you and Ted Butler have it right about the market
manipulation going on but there is the question of when, if ever, things
might change since the apparent manipulators have far more resources than
any of us little people and they may be able to maintain this economic
anomaly for quite a while. Sure makes me wonder if I should have bailed
out a while ago but then my better sense tells me that this can’t last
forever and may end with an explosive move but it isn’t a comfortable
feeling to watch things sinking. :-)
Thanks for your information
and best wishes for your long-term investment
John Phillips -
have no dealers close by, so I called Liberty Coin Service in Frandor MI.
@ 2 on Tuesday.
The same story you have, shelves basically empty, but
the still can get physical
For delivery. They could get bars, and
coins-- premiums for junk U.S. silver
Were up significantly 6.2%
premium vs. almost zero a few months back.
Silver Eagles @ over 27%
They said the people coming into the store to sell silver is
about all dried up.
I enjoy reading your e-mails, and am truly amazed
of the power of the people in control
To force down these prices so
much at will. Goldman Sacks was telling their investors to get
Of gold @ 1000, and buy it back later -- these insiders keep
getting richer on market manipulations.
Went shopping in
Fargo today. 2 shops. 1 had 3 1oz rounds of ag and a 1/10th of au. They
don't now. The other has no rounds or bars. They do still have some dated
1 oz. bars and 12 oz. rounds and a very little misc. (I run out of $.)
My name is Rodnee Ree and I am
an ex-pat living in Belgium. I want to convey a simple story about
silver which no one seems interested in
My family has maintained an account
in Switzerland for 20 years and yes we report the account. Given
what is happening in this worldwide economy I decided it was time I owned
some physical silver. In June I went to Zurich and bought 5 bricks
(30kilo bars). I have not in my life had the feeling of security as
I did when I took delivery of this silver and stored it into my safe
deposit box. They were hypnotic and holy heavy. They weight
about 62lbs each. Not in absolute terms, but a bit underestimated
until one picks one up.
the box, I decided to take a second look and noticed they were slightly
oxidized. For those of you who don't know, silver tarnishes into a
light yellow orange eventually turning to black.
I then locked the box, went back to the hotel
and googled silver cleaning.
forward to the next day and I was the first in line at the bank to get my
silver out of the safe. Making two trips, one with two bricks and
the second with three, I wheeled my silver down the bahnhofstrasse in a
ragged old suitcase past the unsuspecting public to the hotel to clean my
silver. It was a total blast. Just a roll of aluminum
foil to line the bathtub, hot water, baking soda and two hours later, my
silver was sparkling and downright sexy. My wife never looked this
good. As a junior Mugambo Ranger (JMR) I did feel the need to rub
this silver all over my bod but reason won out and I returned it to my
safety deposit box. I figured I could do without the
To all those who are worried
about the price of gold and silver, stop it. It is nonsense.
You should have a percentage of you net worth in hard precious metals.
Because, eventually all paper money into nothingness descends. It
grows old and dies and meets its end. How many confederate dollars,
weimer notes and Zimbabwe bills do you want to be holding when the music
stops -- Get yourself some silver and gold and go party like a rockstar --
end of story.
Are these silver shortages
true, you may ask? How is truth established? By two or three
witnesses. CPM group is one, they show stats on investor demand,
showing us the market is tiny. I'm another. The coin shops are
another. These were just 25 more. And you ought to go and
see for yourself.
Many people have told me they take the
time read me for about a year before they act. I suppose it
takes that long to destroy all the illusions and lies fed into our minds
over the years. This is not the time to wait for another year.
In case you miss an email,
check the archives:
You can buy silver in
lots of 100-500 oz. at my auctions at www.seekbullion.com
Auctions end M-Th, Sat, At 7PM Pacific, but you can place bids anytime, 24/7.
Wires only. USA Shipping only.
You can also buy silver at www.momsilvershop.com
ship overseas, and also in lots of more or less than 100
See us also at:
4870 Granite Drive, Rocklin, CA 95677