Is Ted Butler’s Silver Panic Imminent? Apple Contractor Claims New iMac Production Delayed Over Silver Shortage!

apple silver shortageSilver expert Ted Butler has long predicted and awaited an eventual industrial shortage of physical silver, and a resulting panic silver buying that terminates the bullion bank cartel’s manipulation of the silver market.  
Butler may be about to be finally proven correct, if an Apple contractor is right that Apple has delayed production on the new 27” iMacs over an industrial silver shortage in China.

With the US Mint sold out of Silver Eagles and production shut down for the 2nd time in 2 weeks, and shortages of nearly all retail silver products rapidly developing along with spiking physical premiums, it appears that a widespread retail, and perhaps industrial physical silver shortage is developing and escalating by the hour.

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Submitted by Bally A.

I work as a sales contractor for a local independent Apple dealer. I don’ know how many of you closely watch Apple delivery dates, but we received a consignment of the new 21.5″ iMacs and then they dried up. We haven’t received any of the new 27″ iMacs. Our shelves are bare with lots of backorders. I’ve never seen this before.

Apple announced the new iMacs on Oct. 23 2012.
http://www.neowin.net/news/apple-announces-new-imac

It’s been 10 weeks now since any 27″ iMacs have been shipped and Apple states that another 3 to 4 week delivery for those models, if you order today.

Apple states that there are “production problems” causing the delay.

Why? Based on the evidence, in my opinion there is simply not enough silver available to produce them.

The new “Iris” screens use a lot, lot more silver than the older models, including the new iPads. All the silver is going to produce the iPad 4′s which, of course, use less silver per unit. This creates the illusion that all is right except for a few “production glitches”.

Why is a silver shortage the likely culprit for the production delays? The 21.5″ iMac screens are essentially the same as the 27″ screens. Inside, there is little difference other than the width of the systems where you have enough width to have 4 RAM slots and thus upgrade the the RAM. There are no RAM slots on the new 21.5″ iMac, i.e. you get what you bought re. RAM.

There are no shortages of HD’s CPU chips etc. If they can produce the 21.5″ iMacs, they can produce the 27″ iMacs, or else why would Apple announce them and then have almost a FULL ONE FISCAL QUARTER DELAY in manufacturing and delivery???

The only logical answer, is that the brighter screens require substantially more silver than the earlier models. That is also why there was a $100 price increase on most models of the iMac.

Apple manufacturers its iMacs and iPads in China, and China is now importing massive amounts of silver, where once a few years ago it was a net exporter- and this in spite of a huge increase in domestic silver production!

Of course, Apple doesn’t and won’t announce a shortage of Silver for fear that silver prices would skyrocket and even a $100 price increase would be insufficient to cover a large increase in silver prices and thus they would lose profit margins. They are already on the hook for a massive amount of the Iris based iMacs at a their current price point. Should silver prices skyrocket for any or all of the reasons we know, Apple may be on the hook of fulfilling the Back Orders at no profit or even at a loss.

It doesn’t take about 12 weeks these days to correct a “production ‘problem’”, especially when Apple had already announced the launch and its sister system already rolled off the assembly line, but in limited quantities.
The only explanation I can think of for the production delay is that there is a massive shortage of silver to make the brighter screens.

 

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How much silver is used in the new Apple screens?

Google all you want. I have. You won’t find it anywhere. Trade secret, you know. I’ve googled many times to find out how much silver is used in LCD displays. No answer. No one is telling.

But think about it. Where does the $100 increase in the 21.5″ base model come from? At $30 per oz., I doubt that it all goes to say 2 extra oz. plus margin of silver per se. Obviously, it must be far less than even a 1/4 or 1/10 of an oz. increase.

That’s about $3 or $4 more at spot Comex pricing in production costs, if you think about it. So why the $100 increase and production delay?

I can think that the new production line would cost more, but $100 more seems to be a stretch. It still doesn’t account for the delay in and of itself, nearly 3 months later than the announcement. Why would Apple announce the iMac launch, if they weren’t assured that the production lines were ready to go? That’s highly unlike Apple. Historically, there were a couple of weeks delay from announcement, a month tops.
3 MONTHS? Never.

Even at 1/10 of an oz. or less per iMac, still seems to me the only explanation.

Moreover, I checked our Apple back orders today back over a month and only a few are what’s called “processed” which means that they are now starting to be built with no ETA for shipping.

Conclusion: I believe that an industrial silver shortage is at the heart of Apple’s delays.  Nevertheless, if Apple can’t get it’s silver in necessary quantities, the amount or short term price or Comex price doesn’t really matter. If Apple can’t obtain enough to supply demand, they can only delay orders, delay production, and delay the inevitable.

That inevitability is that silver pricing must go up, while silver production stays flat at best.

I’ll bet a dollar to a donut that Apple knew about this shortage of silver in China, and that was why it increased it retail price $100 per low end iMac.

Apple was attempting to front run the higher price of silver within China itself, where Apple produces its products and has, obviously made deals with the Chinese gov’t as to price and availability as regards to silver.

With China now importing more silver than the massive amounts it produces, China probably abrogated its deal with Apple and that there is some sort of rationing deal amongst the Computer manufacturers and other silver using manufacturers.

-Bally.

 

SD Bullion

Comments

  1. Can’t stay in my pants anymore!

    The cartel is toast! The party is about to begin!
     
    WOOOOOOOOOOOOOOHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!

  2. Interesting theory – but it takes such a small amount of silver for computer production… surely, if we can buy 500 oz boxes and 100 oz bars – then they can get enough, of the minute amount of, Silver required… no?

    • The amounts are small per unit. Multiply it by tens of millions of units, different product lines and thousands of companies and it is huge! Once these companies and corporations begin to compete for the materials they need to operate and keep their assembly lines in production, LOOK OUT!

    • Consumers will be the last to know about the silver shortage.  We can continue to buy silver coins.  The shortage will be first felt by the big buyers who purchase in bulk.  Try to purchase $20 million worth of silver from any coin vendor. You will suck their inventory in no time. That’s a peanut size order for a sovereignty fund.

  3. They should take delivery of some of that new SLV stock.

  4. The “Just In Time Supply” model that businesses have been operating with to lower storage costs won’t work if Ag or Au (and rare earth metals) is in the product. Businesses will have to buy in quanity and store it or shut their assembly lines down. This is what we’ve been waiting on and is the direct result of manipulated markets artificially moving the prices of these commodities. No tears for these corporations. They should have seen this coming and acted long before now.

    • …or maybe it’s time to raise the product price of IProducts so the BLS CPI finally start closing the gap to reality

    • They will pass the cost on to the customer. Once production starts on a product it is astronomically expensive to shut down the line. In the millions a day, even tens of millions for the largest companies. Would you allow that kind of loss. No. You would pay what it costs and pass on those costs.

  5. There is less than 1 oz of silver in a 65″ LCD so I highly doubt this is the hold up.  There were rumors of a higher resolution screen coming to the iMacs so I would assume the larger models would get those first and they are simply selling out stock as they normally do when they make a change.

  6. I can sell them 1000 war nickels for $100 each plus shipping and handling . )

  7. I`m not sure I buy this theory. Man made shortages of consumer products is not a new idea.

  8. No doubt Apple can buy the silver from London, where according to Gene Arensberg, Jeffrey Christian and other assorted clowns, massive amounts of unencumbered physical silver can be found stored in football stadium sized warehouses which they can’t even give away. (sarc)
     

  9. Yup, I smell a silver shortage.

    • Yep I can smell it here sitting in the doctors office. Pleasant smell. Lol

    • @Marchas45 lol Charlie

    • AMPEX’s premiums have near doubled in one week. 

    • Seems like a lot of speculation to me. Having said that the old adage is, “Buy the rumor sell the fact” right? Today was my day to acquire PM’s & I’m thinking it was a fine day to do so….
       
       
      ASE’s at my LCS for $35 even—and a lot of activity there today.
      Saw Apmex listed 2013 ASE to be available on Jan 31. Couldn’t help up notice a premium jump to $5.69 per unit…and it seems to have made itself on to all the back dated ASE’s as well…..No question in my mind that it’s just the beginning of premiums being jacked up….Maybe The Doc will write on that over the weekend….

       

    • Saw Apmex listed 2013 ASE to be available on Jan 31. Couldn’t help up notice a premium jump to $5.69 per unit…”
       
      And yet… GoldMart is showing Canadian 1-oz. silver maples available for sale at spot + $2.09 per. Must be time to add 200-300 oz. to the stack.

  10. Yeah, probably another cartel cock up.

  11. With all respect; that’s only Gainesville Coins and being Number 6 on the list doesn’t prove zilch in terms of a shortage or not.

  12. @ClintZ How do you tie that up with a silver shortage (or vice versa)?

  13. “China probably abrogated its deal with Apple and that there is some sort of rationing deal amongst the Computer manufacturers and other silver using manufacturers.”
     
    That was the very most poignant bit of speculation in the article. If the TRUTH of silver circulation paucity surprised even the (falsely) vaunted Chinese ‘planners’, then there really is a global ’panic’ formulating before our long anticipating eyes. … STRAP IN KIDS!

    • Yup, it might very well be the case. It is best to have those paper towels ready, just in case.

    • Pat, there are several things up in the air right now that would confirm that the game is changing. Next week could be the beginning of an incredible ride. Of course the individual investor’s profits will be clipped by the rise in premiums that suppliers will charge.

  14. This is poorly thought out and nothing to get excited about.  Apple doesn’t make it’s displays.  It buys them.  And if you remember, Apple was in a patent battle with its display supplier (who actually won the bulk of the litigation).  If there wasn’t enough silver to make displays, you would hear about Apple not being able to buy displays.  And it would be confirmed by Sony.  
    Do not get excited by this off the mark speculation.  

    • Spot on HD.  The amount of silver in any Apple product is negligible and the price of silver even at $200 an ounce would not be constraining factor to profitability.  

  15. Blah, Blah, Blah Blah…….here we go again!  I’ll believe it when I hear it from the horses mouth!  If I sold silver I might print s___ like this too!

  16. All I can say is thank you God!  Thank you for giving us Ted Butler.  Every silver stacker–with a handful of silver–owes Ted Butler a debt of gratitude. He has singlehandedly brought this commodity/money into the sunlight out of the darkness and enlightened us so we can all benefit. 

  17. Didn’t I read somewhere that Apple had a whole team to analyse the silver market and make prudent procurement?
    Anyway, why would they need “industrial” silver? The mark-up on coined silver is tiny, and in fact, individuals bringing theirr silver to a gold/silver shop will usually get close to or under spot anyway.
    Wouldn’t a couple monster boxes help production on it’s way a bit? Send out a few workers to get any .999 silver available within reasonable price range. They ought to be able to get hundreds of kilograms per day, cleaning out bullion dealers. 
    or, perhaps they already ARE doing that, for instance States-side, and the bullion is just in transit still.
    The whole idea of having .999 bullion is that industry could throw it directly into a factory smelter, right? That we could easily sell it to a bidder that actually NEEDS it. Be it to coin legal tender coins of much higher denomination, or industry, even re-use in large  monetary bars.
     

    • We’ll know where the bear pooped in the buckwheat when Apple starts selling their products FOR silver.  ”Yes, indeed, this product can be bought for 10 ounces and that one for 15 ounces.  Heck, even our top of the line product is only 35 ounces!”    
       
      Those of you who also experienced the great silver price spike of the early 1980s will remember all of the things that were being sold for pre-1965 US silver coins.  Many things had both a dollar and a face-value price in pre-1965 silver coins.
       

  18. this all good and well but lets rounds up a posse and go after them luciferians bloodsuckers,

  19. If there was any U.S  SILVER reserve left the luciferians have stolen it already.

  20. A few months ago I did a little research on silver content of certain electronic items. Solar panels will use about 60 million ounces in 2013. About 20 grams of silver are used per panel. Smart phones require anything from less than a portion of a gram to 2-3 grams depending on the screen and size. TV and computers use as much as 5-10 grams. Hospitals are absorbing silver to tamp down the antibiotic resistant super bugs like MRSA. Use total there is unknown.

    Silver price is inelastic when it comes to the production of mission critical products ranging from war fighting materials that can use many ounces per unit to cell phones. The winds of war are blowing and China is stowing silver by the hundreds of MOZ. Whether the price is $30 and ounce or $150, the amount of silver will be an immaterial consideration to the overall purchase pricing. It might be a $5 in a phone to $150 of silver per solar panel. No one will care as millions of IPhudds and Phablets fly off the shelves. Panel prices range from $1,200 to $2,000. $150 is bupkes. If a company or country like Japan or China needs solar power they will pay the price. Power trumps silver prices. Consumer demands trump silver prices. Absolute and vital products availability trumps silver prices.
    Silver prices have gone from $8 to $30 in the last 5 years . Inflation’s been 10% in that time period. Lines form out the door for new products containing silver. Wait until those are lines are outside the LCS.
    Power production is a life and death situation in Japan, now spending $100 billion of natural gas to replace power from their shut down nuclear plants. This one factor of trade deficits got Abe elected. He started the Yen devaluation process which is creating some real problems in China and the US as Japan struggles to shake off their debt, power and negative balance of trade problems. While these problems do not all reflect directly on silver supply and (lack of) availability, they are important aspects of silver shortages as entire economies revolved around precious metal availability, either as a cultural or industrial consideration. The lack of supply of silver could get really wicked in short order.
    Like politics and banking, nothing happens by accident in the world of precious metals, particularly silver. It may not affect the average person’s life if they have to wait weeks for silver but waiting days for silver is going to become unacceptable to some.
    This assumption might be a bit of a stretch but the recurring theme of precious metals keeps cropping up in so many discussions, even to Japan pension plans starting to buy gold and China forming silver trading platforms. Indian central bankers are freaking out over their balance of trade problems and devaluation of Indian currency due to the hundreds of tons of gold and thousands of tons of silver being purchased presently by Indian consumers and businesses.
    It may come down to a situation where the low $30′s price will be seen as the good old days. The entire world is waking up to the vital aspects of precious metals. When the average person become aware of these issues, the status of the US Mint shutdown will be headline news. 6MOZ of ASE coins sold in 2 weeks is the bellwether of an impending crisis.

    • Great post.

    • “ Indian central bankers are freaking out over their balance of trade problems and devaluation of Indian currency due to the hundreds of tons of gold and thousands of tons of silver being purchased presently by Indian consumers and businesses.”
       
      Indeed so, AG.  In fact, it looks very much as if India is caught in a PM price / trade balance spiral from which there may not be an escape.  The more they devalue their currency, the more eager Indian citizens are to get out of it and into imported PMs.  So the Gov and the CB devalues the currency more and people buy more gold and silver, driving the trade balance even deeper into the red… and so it goes.  That WILL, of course, happen here as well, once the masses begin to wake the flock up and realize that the same kind of spiral is developing here.
       

      “It may come down to a situation where the low $30′s price will be seen as the good old days.”

      Yes, I also believe that this will occur at some point but have no clue as to when that might be. I still remember when gold was $35 an oz. We couldn’t buy any back then but jewelers could. While the official price around 1965 was still $35 an oz., jewelers were paying around $125 an oz. for their supplies. Even at that price, that WAS “the good old days” for gold prices. Anyone who bought gold way back when is not too concerned about the price they paid for it. Nobody back then would have believed that a gold price of $1700 an oz. was even possible. Anyone needing to understand the ability of fiat paper currencies to hold their value need look no further than this.

  21. I am a doubting Thomas when it comes to big time upswings. The Treasury Department can play games with their data and the financial media can play games with their data. Apple is not the trailing marker for Silver. Dollar (DXY) is up over $80 today. Lame reports say Gold will sink to $750. So who can you really believe?
     

  22. Consider this possibility:  If Apple really is having problems getting its displays to build products, is it possible that their singularly sourced displays are being held back by Sony because Sony is pissed at them?  Go do a few Google searches and read about the patent suit Apple initiated against Sony.  And incidentally, Sony won the bulk of the litigation.  
     
    Sony is PISSED at Apple.  And what better way to set thing right than to make sure Apple feels the pain of their litigious behavior.   This is a much simpler and more believable explanation for the product delays.

  23. King World News. Precious metal’s Amen Corner

  24. I just cruised the APMEX webdsite and found they are asking over $5 premium for an ASE.  And closer to home, after work yesterday I visited the LCS (local coin seller) to find he was almost sold out of Morgans.  As I have mentioned before, he sells ALL his ‘Junk Silver’ at the current spot price.  First time he’s even been sold out of anything since I’ve been going there.
     
    Sign of the times?

  25. This is a Ted Butler Fairytale.
    According to the MAC NEWS website, the delay was caused by……..
    The new manufacturing process used to bond the display to the chassis — removing a two-millimeter gap between the LED and the glass protecting it, thus cutting down on reflectivity — has apparently made the latest iMacs much harder to make

    Read more: http://www.macnn.com/articles/13/01/07/215.inch.model.still.seeing.smaller.delay/#ixzz2ILWsBjKV
     
    Read more at http://www.macnn.com/articles/13/01/07/215.inch.model.still.seeing.smaller.delay/#K8gyUJlBe4uEd9Om.99
     
    Ted Butler sounds like hes been ranting on KNW again…  You have to see both sides of the coin.  Too many Ranters and fairytales.
     
    SP
     
     
     

    • I agree with silver psycho. We have to look at both sides of the coin. I hope those new stackers know how to filter the credible facts from the fairy tales…

      A chart is a chart is a chart. No two ways about it unless the paper is totally disconnected from the physical. Then we will have two charts. One is paper chart and the other one is physical chart.

      Jav

  26. @The Doc Thanks for the new avatar. :-)

  27. If there is an industrial silver shortage, and apple is being delayed because of it, then would it not follow that other systems that use silver will also face delays ?
     
    just a quick check at amazon’s lcd best sellers list, lots of samsung monitors are ‘unavailable’ as well.

    free market theory says that when a shortage develops, the price rises and then becomes profitable to mine more expensive areas for silver.

    So, if there is indeed a shortage, the price should go up and new silver sources procured.

    • “So, if there is indeed a shortage, the price should go up and new silver sources procured.”
       
      The prices would go up if there were a free market, but trading in paper silver is used to suppress the prices.  As a result, there is no increase in mining for Silver due to lack of profitability.  Ironically, less supply of physical Silver and increased physical demand will over time lead to higher prices in Silver regardless of the manipulation (even with inflation factored in).  Witness Silver prices at the present time compared to prices from a decade ago.  From $4 to $32 is an 800% gain.
       
      Silver is unique in that it is both a proven monetary precious metal (with thousands of years of history as a reliable store of value) AND an indispensable industrial metal with number of applications second only to crude oil (due to the unique physical and electrical properties of Silver).

  28. In uk, on cheapest bullion site I have found and buy from regulary, the premium works out at $3.80 on an ase.



  29. Reggie Middleton on the Apple Demise

  30. This guy supposedly works for Apple and he doesn’t know it’s called a Retina Screen, not an Iris Screen? Not even Google has heard of the Iris Screen.

  31. Allegedly, every Tomahawk missile carries 500 oz of Silver

  32. Just as stated another smackdown! Yeah that Silver shortage is sure over coming the frigging smack downs huh?

  33. I’m personally disappointed that you would even publish an article so devoid of any actual facts about silver.

  34. First Majestic premium $1 over spot  right now.  Anyone ever had any trouble selling their 1 oz. medallions to the LCS ?

  35. reply to Pat Fields:  I haven’t tried to sell anything in Philly yet. I’m just interested in the general acceptability of FM products in preparation for a time when I might be forced to sell . FM will not repurchase. APMEX will buy FM silver and most silver from established mine producers.    I need to establish a relationship with a good LCS in this area. Everything I bought has been on-line so far.
     
     

    • Mint produced coins have historically been the most acceptable whether that is a 1 oz Silver Eagle, Canadian Maple or roll of pre-1964 quarters.  There’s definitely nothing wrong with getting random rounds but items like Silver Eagle’s carry a premium for a reason. 
      I don’t think its an acceptability problem as any dealer or individual should take a FM product just don’t expect any premiums.

    • I don’t think you’ll have any problems selling silver from First Majestic.   Their products are nice and especially their rounds are beautiful.  You should buy the 4 coin set – 1,2,5, and 10 oz in a case.  It’s a tiny bit more than the other coins/bars.  I don’t live in a town near as huge as Philly, but we have several coin shops that will buy anything silver you bring them.  One I go to will buy anything .999 on the spot -2%, and it doesn’t have to be namebrand or pretty.  They would buy the most generic looking tarnished silver bar you could imagine as long as its silver.   You can do better selling back to Apmex or elsewhere probably but for quickness and convenience a reasonable LCS isn’t bad in a pinch.   I inquired if they’d buy larger amounts like 100 ozs bars and they said no problem bring em.   (I am not selling silver btw, was merely asking.)

  36. The guts say baloney.  appl products aren’t as popular as they once were and past performance is not indicative of future returns.  This is a feeble attempt at damage control.  I smell blood in the water.  

  37. wait until samsung have the same problem

  38. Yawn! Wake me up when a real story comes along like the Germans wanting their gold back. Nothing to see here, move along, move along.
    There is certainly no shortage of silver in China and Apple are a major export unit for the Chinese, so if they want silver, the Chinese will provide. First rule of economics, a product is always more valuable than the stuff that makes it. Whatever the cost of the silver is, the price has been absorbed into the product, and the usual 50% markup has been applied. All this will mean to apple is a smaller advertising campaign which to be honest in the last couple of years has been small key as the fuddles out there are doing the promotional work for them.
     
    As for solar panels, they are strictly export driven. If the product becomes to high to manufacture then you may as well burn fossil fuels or use Nuclear, solar panels will not drive the price of silver through the roof as it is tied so much with the price per kwh produced. Most of the technology I see is in the hospitals, siver work surfaces, squirty sprays and the such like.
     
    I just bought some more silver..well be rude not too. Nothing to do with the shortage of silver, more to do with the Germans wanting their gold back. Oh and the fact that the Chinese economy is heading north again, which means that America is buying the usual crap from them, whilst swapping the shitty dollar for Silver and Gold.
     
    Next story I am looking out for, the Bond market collapse, can’t be too far off, only round the corner, I give it three months before cracks start to really appear.
     
    Is anyone stacking Copper yet? I might try some, and sell it for silver, then sell the silver for gold, then swap the gold back into Pounds when it reaches the magic numbers.

    • “Next story I am looking out for, the Bond market collapse, can’t be too far off, only round the corner, I give it three months before cracks start to really appear.”
       
      Cracks have been appearing for a couple of years now but governments around the world are papering them over as fast as they can.  They are well aware of the effect that a dead bond market will have.  That will end the current paper paradigm, IMHO.  
       
      For many years, the bond markets played a crucial role in reigning in government over-spending.  If a government spent too recklessly, the so-called “bond vigilantes” would raise the long-term bond rates such that rising interest payments caused governments to rethink some of their spending plans, lest interest payments take up too much of the national income.  Additionally, if bond coupon rates were not sufficient to attract enough buyers to absorb the offering, a dreaded failed bond offering could occur.  Governments feared these as they could literally pinch off the supply of investor money going into bonds, leading to credit worthiness reductions, and additional rate increases.  This was a good thing and worked in the same way for spend-thrift governments as do the brakes on vehicles.  Then, a never-before-seen thing happened.  Central Banks discovered that they could buy up unlimited amounts of sovereign debt and eliminate the possibility of a failed bond offering.  This allowed the Central Banks to set both the short and long term rates with no fear of ever having a failed bond auction.  While the CB’s had always controlled the short interest rates, this finally gave them control of the long rates as well.  The brakes were well and truly removed from governments and they were at last free to spend as freely as they wished… and boy, did they wish.  Debt and credit have literally exploded, particularly in the last 5 or so years.  I don’t have any more recent data but the final US bond offering of 2011 saw the Fed buying just over 70% of the US Treasury bonds offered.  This has risen from zero percent less than a decade ago to nearly 3/4 of these bonds… and there seems to be no limit.  What will happen next?  A Treasury auction wherein 100% of the bonds are bought by the Fed?  That seems unlikely but it cannot be denied that the Fed’s purchase rates have risen dramatically and that they continue to rise.
       
      Bond King Bill Gross gets it and pulled his giant PIMCO bond fund out of US Treasury debt a few years ago.  As it turned out, he was not wrong in this but he was a little early with this call.  Even so, as others have said, it is better to be a year early than a day late.  Gross knows more about bonds than I ever will, so when he chooses to speak, I choose to listen.  I once owned about $100k worth of US Treasury Inflation Protected Securities (TIPS).  These were a good investment for the income part of my portfolio.  As Bernanke came into office and began cutting short term interest rates, these bonds rose in price.  At about that time, I became aware of the fact that the Fed and the Gov were fabricating the official numbers for inflation and unemployment.  While unemployment was not a big deal in those days, it occurred to me that the pay-out for the TIPS was controlled by the official inflation numbers and that this was a huge conflict of interest.  To keep their costs as low as possible, low inflation was required.  This kept Social Security and other retirement benefits lower in price than they would have been had the true rate of inflation been used to calculate their interest payments.  Knowing this, I sold the TIPS for a good profit and redeployed that capital in other ways.  None of the info I used to make this move occurred in the Main Stream Media.  Every bit of it came from truth oriented web sites like Silver Doctors, SGTReport, Shadow Government Statistics, and a few others, and I sincerely thank them for what they do and the knowledge they impart for the benefit of us all.
       
      There are those who claim that the US cannot default because it has a printing press and can print all the money it needs. This is a fallacy.  Money cannot be printed in unlimited amount without severe economic repercussions and they will not be long in coming.  We have some excellent examples of what happens to other countries that attempt to print their way to prosperity and the raging inflation that results, imploding their economies.  Zimbabwe in 2008, Weimar Germany in the early 1920s, and about 50 other countries that have collapsed their currencies via their terrible and nonviable monetary and fiscal policies.  No nation has EVER taxed or printed their currency to prosperity, although quite a few have tried to do so.  Virtually everyone knows that this will not work, yet it seems to keep on being tried every so often regardless of the facts.
       
      It is certainly possible that the US could collapse the dollar via over-printing it and by so doing also collapse the US government bond market for government bonds are only as safe and as solid as is their currency of denomination. They could still print money to pay off the bond holders but if the currency can’t buy much of anything, who cares whether or not they get paid?
       
      Although we are not yet at such a disastrous point in US financial history, we do seem to be making steady progress in that direction.  Economics teaches us that savings are the foundation of a thriving and vibrant economy.  When people work and are able to save a portion of their earnings, they tend to invest it in bank accounts, certificates of deposit, and in money market funds.  Some also finds its way into the stock and bond markets.  For the sake of our economy, it is critical that this happens so that businesses can borrow these savings to grow, that new businesses can be created, companies can hire more employees and buy more business equipment, and banks can profit from serving their traditional purpose as loan makers.  
       
      Older Americans who have worked and saved for many years continue to contribute to this economic vitality even though they no longer work or produce goods and services because their money is working for them.  For this, they earn a small but important rate of interest that fills a gap in their retirement living costs.  Now that Bernanke has cut interest rates to 0.25%, older folks cannot earn enough on their money to support themselves in retirement, so many of them either consume their principal or pursue higher paying investments that involve far more risk to their capital.  Everyone sees the true inflation that is hitting us every time we fuel up the car, buy groceries, or heat and cool our homes.  Rather than save money at super low rates, only to watch inflation consume our savings, spending it quickly before it inflates away is the order of the day.  We do not save, so the money that should be flowing into savings vehicles is no longer flowing.  The foundation for a vital economy is not replenished via a continuous flow of new money into savings and is instead slowly rotting.  
       
      Bernanke’s policies have favored spenders and excessive risk takers at the expense of savers and investors.  While this may look fine in the short term, it is a policy for absolute disaster in the long term… and economists like John Taylor at Stanford University and Laurence Kotlikoff at Boston University are well aware of it.  We should be aware of it as well and we should be actively taking steps to prevent these wrong-headed Fed policies from ruining our financial lives.  We can do that by being well diversified in our investments and by having a significant portion of our money in gold and silver as insurance against higher, and possibly MUCH higher, inflation in the not too distant future.

  39. B,b,bbbut, the SLV just picked up 500 tons yesterday. The world is swimming in silver. (sarcasm off)

  40. My source for 90% has it but prices are about 5% over on the bids.

  41. wow I guess that is one way to take down apple.
    well they did target the largest Chinese silver miner and even after proven false they still keep harassing them.
    so what did they expect to have surpluses? oh boy.
     
    thank the silver shorts for helping to kill apple now.
    :)
     
    anyway good luck stacking.

  42. If there was another reason to hate war, a monster box of silver goes up with every Tomahawk missile.  Wow 
    I wonder how much silver is destroyed in the drones and missiles used to kill civilians in other countries.  Its a damn shame to use something as special as silver to harm people when, by and large, it’s a metal with a force for good.

  43. What is us phyzz silver longs , need is to find a ‘poster’ spokes person to SCARE/INFORM  the  already uninformed public to the reality of what  the luciferians doing to them,.. World opinion of the USD is at it’s lowest ever,NO confidence can be seen,NOT  until the War industry shuts down and bases are closed thru out the World and thats NOT  happening ..So continued robbing of the Citizens  TO FINANCE WARS and secret acts abroad  leaving the Citizens  at total RISK if the USD Collapses.. EVIL ,WICKED,DESTRUCTIVE the luciferian  Anti-CHRIST way of new world order…..JESUS where art thou NOW? as I pray the LORD’S PRAYER.

  44. TRUTH IS LIGHT,the luciferians Anti-Christ fear this the MOST it EXPOSED their weakness,just as Vampires there are .
    God (good) is Exposing their hidden sins,lies.theft,deceit and other SINS of every kind known to Man..the are Anti-Christ because they oppose Christianity and what it stands for ,their ACTS are Opposite THE 10 COMMANDMENTS 100% The serve Lucifer the Devil(EVIL).

  45. Ed B when you and Pat Fields decide that it’s time for Trebouchets, let me know 
    I think I’ll take a page from Silver Dagger, tune up my favorite hymn “Onward Christian Soldiers” and test a few of my favorite swords like the  Grande Messier and two handled Claymore.  Trebouchets are best  tested  first by launching a bucket full of severed heads over the ramparts. It helps gauge the windage and distance.  It also has  a nice effect of scaring the daylights out of the foe.  My dad’s  French ancestors enjoyed that show.

    • @AGXIIK … you as well eh? I enjoy a work out with a repro 1796 Light Cavalry Sabre and an 1830 Napoleonic Cavalry Sabre.  Turnips or swedes on poles are ideal…..horses love cleaning up the debris.  Rather helps my polo game too :-)

    • Heh heh… I’ll have to defer to Pat on that one, although I really like the trebouchet design.  It’s a helluva sling shot!  I enjoyed watching them work in the movie, Lord of the Rings part 3, The Return of The King.  Impressive war engines for sure.
       
      I also liked the short sword that Aragorn had… wicked looking blade, that, and very handy at in-fighting.
       
      “A whole forest was killed off to make 500 tones of  SLV paper silver.”
       
      Oh, well.  Such is life.  Good thing that trees are a renewable crop, right?
       
      “ the Fed needs to refi about $ 4 trillion in paper coming due.  That is going to be interesting to say the least”
       
      Roger that, AG.  Rolling paper of that size could squish ‘em if they aren’t real careful.  ;-)

  46. Ed B   A whole forest was killed off to make 500 tones of  SLV paper silver.  One more thing about the fed debt, aside from the $1.5 trillion needed to fund the deficit in 2013, the Fed needs to refi about $ 4 trillion in paper coming due.  That is going to be interesting to say the least

  47. Heck, Maples my wife scarcely lets me run with scissons.  Actually she encourages it, given a large life insurance policy  and poor my hand eye coordination.  I have a Chinese war Sword which is my favorite  Well balanced and fierce looking.  The Cavalry sword is easily wielded and well balanced too  We don’t have too many swedes locally so I joust with unwary tourists passing through. 

  48. What company occupies 730 Sandhill Rd Suite 225 Reno Nevada?
    Braeburn Capital.
    This Apple subsidiary invests the profits of Apple Computer.
    Present value of cash balances
    $137,000,000,000 invested in government bonds and other junk rated crapola.
    No silver! 
    Left hand and right hand are not in communication.
     

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