The dam is breaking. People have been paying storage fees for hypothecated metals.
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Free PDF Download of The Great Taking
The New Declaration of Independence
AppalachianRenegade YouTube Channel
Free PDF Download of The Great Taking
The New Declaration of Independence
AppalachianRenegade YouTube Channel
State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.
Mike Shelby
10 responses to “Bullion Runs”
Monday is going to be interesting. Many banks closed due to the fake holiday while the squeeze is going to tighten. A lot of folks bought “paper” metals believing some storage place was holding it in escrow for them. They’re about to find out.
If you’re going to buy and own metals, which I approve of doing, you better have physical possession of them, or you don’t have a thing.
The jig is up on all these s-bag corporations who have manipulated the silver and gold market prices so they can sell there useless paper at very low prices by manipulating the comex even after being fined in court for what they have been doing for years and they still continue playing the manipulation game even to now. I pray they lose there shirts when people begin cashing in there useless paper for the actual asset and demand delivery of which they don’t have, the purchasers are going to go crazy on them for ripping them off.
And they will do nothing.
Look at the Emron fiasco; no guilty party was so much as punched in the nose!
It’s the Foundry Principle: The scum always rises to the top of the crucible.
We here on this site should be well aware that a “tangible asset” is one that can be held in one’s hands.
Everything else is based on “faith” and lives in the Province of the Gullible.
About 15 years ago I got worried about similar stories circulating and pulled a silver IRA out of a company that was storing the coins. Being under 62.5, I not only had to pay the income tax on the amount but ALSO a 10% penalty. At the time, silver had climbed to $28 and ounce, so it was a painful penalty and taxes. But now they are ALL in my hand, ALL taxes have been paid, and silver is over $50 and ounce. Nearly all of these are actually worth more because they were purchased for their numismatic value too. I have ZERO REGRETS of not having them in someone else’s hands anymore. They sit with all the rest of the PMs safe and sound….
Smartest thing you could have done, Paper gold and silver is a Ponzi scheme set up by the Jp Morgans of this world, and they have been manipulating the comex market and get away with it for years. so, now they are going to bite the bullet on there schemes when purchasers of there phony paper ask for delivery which they don’t have. they don’t have enough metal to pay back there customers in what they sold. they sold lies and deceit and the chickens hare coming home to roost, and they will lose billions in the long run and they deserve it. the price of silver has been so manipulated downward over the years by these S-Bags and it’s a disgrace. Silver is headed to $100.00 per ounce by the end of this year and higher into next year. Every time I purchase any kind of silver I always take full delivery of the metal and store it myself. Just a note , Keep mm to purchasing Bullion type coins and not so much bars, coins are the way to go.
Well, the IRA wasn’t paper, and I was told exactly what coins were purchased and I got all of them back. I’ve never bought paper, and likely those folks would have kept my coins safe…but still nicer to have then in hand as it were. I would have preferred to have “cashed out” after silver fell $10 an ounce, but what’s done is done.
Well, the bottom line in you case you were aware enough to get out of it. Just some food for thought: about 1% of silver holders in the world hold more than 250 ounces of silver in there possession, which is so low it defies all sense and less .1% hold hundreds of thousands of lbs and well into the hundreds of millions of ounces which are the big boys.!just owning 250 ounces and over puts anyone in a good position in the event this economy blows up, at least you will survive.
Folks have been saying for years, if you can’t touch it, you don’t own it.
Yep.