We sold 23 oz. of silver at a gun show! Woo Hoo!
(Par for the course in a manipulated market!)
Silver Stock Report
by Jason Hommel, June 1st, 2009
We sold 23 oz. of silver at a gun show this weekend! Woo
Hoo! I had three people transport and sell silver on our
behalf at the Vallejo, CA gun show this weekend. There was only
one other numismatic dealer, and we had the lowest prices on bullion, and
we were the only ones who had bullion in bulk. We took and offered
6500 ounces of silver and 70 ounces of gold. While the booth was
cheap, there was also the cost of hotels, and wages, so we spent
nearly $1000 to offer silver at the show.
just not even on the radar screen of people at the show. They had no
thought or comprehension of silver or gold.
When asked if they
wanted silver, people retorted, "What do I need silver for, I have a gun,
and ammo! I can get whatever I need." Scary, but
It appears that these thoughtless gun owners are
all planning on turning to a life of crime to provide for their needs if
the economy gets much worse. That is very, very bad news for us
Unfortunately, the manipulation in the precious metals
market extends into all media and schooling as well. People are just
not being properly educated on how to take care of themselves in the event
of a dollar collapse, or banking collapse, and I, personally cannot
afford to educate them all. I have a reach to the 80,000 people on
this email list, but only about 15,000 read each one, and my
market reach is to just over 1 in 1000 investors out there.
Let this serve as a severe rebuke and warning to those people in
positions of influence in the media and universities who
are assisting the manipulating of precious metals, and all of
society, through a propaganda machine that rivals the days of
While Obama has been called the "gun
salesman of the year", he has also been the "silver salesman of the
year". But recently, silver sales have declined, as can be seen
in lower premiums, probably due to the propaganda that we have a
"green shoots" recovery in play. Nice propaganda campaign, it
worked, temporarily, but to what end?
To those in power and who
have influence, let me ask you one thing. When 80 million gun owners
become impoverished due to the crashing dollar, what are you going to do,
and where are you going to go to escape their wrath?
When you rob
people on a mass scale, it's going to backfire unless you put precious
metals into the hands of the people so they can feed their families in
case of hard times. What do you think is going to happen when
gun owners lose the value of their investments and bank deposits due
to all the paper money fraud crimes? Those people
will be out for blood, and they will have the means to get it!
And it will be the heads of bankers and politicians
that they will seek vengeance upon, after all, those are the "fat
cats" who have robbed the people, and who can be robbed, especially if
they are dead.
Of course, the manipulators have not thought that
far ahead. They are deceivers, self deceived, the blind leading the
blind, and both will fall into the ditch!
funding of schools and universities, and with CFR controlled globalist
media in cooperation with the banking establishment, there is a news
blackout on the opportunity and importance of owning silver and
How is it possible that silver prices have literally exploded
from the $8/oz. level in October to nearly $16 today, a mere 9
months later, while public investment demand has all but dried
Is that somehow evidence of a top? Hardly!
simple. We have a manipulated market.
And I'm not just
talking of the COMEX, the manipulations extend throughout all of
society. See here:
Major Frauds of the U.S. Monetary
System Feb 26, 2004
investment demand goes through the roof, as it did on the "breakout"
when silver topped $20/oz. back in the spring of 2008, they
dropped the price, as a falling price trend can discourage investment
demand. For the first time, the dip did not work, and investment
demand increased, and premiums stayed high all the way down to $10/oz by
October, when I started dealing.
And then, when the public stops
buying, as the public gets sick and tired of low prices, or when the
public silver buyers start to pause, looking for another
dip, they let the price rise.
But the market structure tells
the real story of why silver is not remotely close to a top:
100 million oz. of silver are purchased for investment per year.
This, at $15/oz., is a paltry $1.5 billion going into silver each
$1.5 billion spent on silver, from a world with well
over $50,000 billion or more in assets, means that far less
than 1% of 1% of people's capital is being converted into silver per
Meanwhile, the banks owe people over $190
billion worth of "other non-gold precious metals", or basically,
silver, which is over 100 times more than real physical
annual market demand.
BIS Admits $190 Billion Silver Fraud
April 6, 2009
This data, $190
billion, is directly from the BIS, the Bank of International
Settlements. This is good and valid data.
At the link above, see
21 Amounts outstanding of OTC
single-currency interest rate derivatives
"21C By instrument,
maturity and counterparty"
That's this link:
See the center middle column towards the bottom, under "Other
Precious Metals", which excludes Gold.
There is just no way that the bankers can pay their silver
debts. How can they get 100 times more silver than is
produced in a year to pay everyone off? The printing
press? They protect their silver debts by creating more silver debt,
selling excessive futures contracts, like a credit card junkie who
takes out a cash advance on a new credit card to pay all the
People are just too trusting of the banks still,
and what will it take to wake them up? Do they somehow need to take
even more catastrophic losses before they begin to trust the reality of
real precious metals?
I warned about the bankruptcy of General
Motors years ago.
The Death Of The Dollar Mar 18,
It was so obvious, it was a theme in my writings for over a
year before I and my readers simply grew tired of the
GM filed for bankruptcy today, at long last.
And look how GM stock compared with silver over the last 6
is up 60% and GM is down 90%.
Where is the fanfare and accolades
and free publicity that is my due? Let me tell you, you can
have a better mousetrap, but the world will NOT beat a path to your door,
especially if they are not listening.
You, my readers, are
among the few who are actually listening to, and actually know, the
real story on silver. And nearly all of you are on my list
because you went looking for information about silver. So act on
it. Don't delay. Buy silver today, while premiums are at their
lowest all year.
As of last night, we have 80,000 oz. of various
kinds of silver for sale, and 451 ounces of various kinds of
That's barely enough now for 1 oz. of silver per
reader. Didn't I tell you that the silver market is small, and
cannot handle the orders when YOU all decide to buy at once?