BrotherJohnF’s latest Silver Update:
Broken Hedges
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BrotherJohnF’s latest Silver Update:-
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Should ‘retail dealers’ be forced from operation, the alternative scheme for
a determined few among them, will be to shift into functioning as ‘auction
brokers’. I’ve already suggested this to a few folks from whom I’d acquired
materials, but they chose to abandon the activity, nevertheless.
The point is that by developing a ‘book’, balanced in its age demographic
features, a constant rotation of saving and expense is facilitated between
younger, working folks and older, retired folks, fully independent of the
‘official market’, where physical material will gravitate toward trade on its
own merits. In fact, if ‘the book’ is made sophisticated enough to include
actual intermediated ‘barter’, on the medieval ‘market faire’ model; then the
rational disparities caused by banknotes could start ‘correcting’ out of
influence altogether.
My LCS started only stocking 40oz at a time about 2 months ago. I took a friend in a couple weeks ago and the owner said he only had 8 rounds and wont get more until they are gone, if you want a larger order you have to pay in full and come back 2-3 days later. On the flip side I have found many jewelry shops buying 90% way under spot and selling at or lower than spot, including Morgans! I found some graded Pandas yesterday at spot, needless to say I was very happy.
It’s absolutely nuts, what’s being done in all the markets today. Good report. It’s all a rigged game, and they can get away with selling horse crap futures at a higher price than gold or silver.
Still to this day, holding physical is the only way to get a good night’s sleep. The day is coming I’ll wake up and see silver up 10 bucks an ounce, and then we’re off to the races. But with a mindset that I’ll need my physical to buy food someday, the daily price is meaningless.
I like this lady. One more link to her interview for those who may have missed it:
http://www.youtube.com/watch?feature=player_embedded&v=DFx8g6RloVk
It’s absolutely nuts, what’s being done in all the markets today. Good report. It’s all a rigged game, and they can get away with selling horse crap futures (FB) at a higher price than gold or silver.
Still to this day, holding physical is the only way to get a good night’s sleep. The day is coming I’ll wake up and see silver up 10 bucks an ounce, and then we’re off to the races. But with a mindset that I’ll need my physical to buy food someday, the daily price is meaningless.
I like this lady. One more link to her interview for those who may have missed it:
http://www.youtube.com/watch?feature=player_embedded&v=DFx8g6RloVk
Opps. I guess it takes about 5 minutes to get a post on here. Plus having a slow laptop doesn’t help. This site is very slow to build and update. Whats up with that?
SilverHawk;
Careless bankers and financial wizards