Kitco interviews Bill Murphy Chairman of the Gold Anti-Trust Action Committee and Jeff Christian (CPM Group) right after the Great Silver Debate. During the "Great Silver Debate" on Oct. 22, Jeff Christian (CPM Group) went head-to-head with Bill Murphy (GATA) on the topics of silver manipulation and shortages.Christians claimed that silver is readily available at the Perth Mint which is wrong! , Perth Mint has no Silver of any description since the take down, demand is massive, my local broker has been anable to source any silver either from Perth Mint or any other supplier.Today you cannot buy or order any size bars at all from the Perth Mint! You can still get some coins but the collection date is next year. So he can get silver from the Perth Mint??? Rubbish, us locals can't get the stuff. The silver market is really tightening up! This guy has made the case that the market is heavily manipulated
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
How about the fact that a dollar is a coin containing a fixed weight of silver? Federal Reserve Notes and bank accounts are IOU's denominated in dollars but also payable in the equivalent amount of gold coin, or other silver coin as a Tender in payment of debts per the constitution. Obviously the promissor has defaulted on their legal liability to redeem them on demand in lawful money (gold and silver coin) as per the US code. In other words The Federal Reserve and member banks as well as the US treasury have long since reneged on their obligation to redeem their notes on demand in gold and silver coin as required by law. Roosevelt killed the constitution in 1933 when he essentially outlawed gold and forced people to accept paper promissory notes in payment of debts in direct contradiction to the constitution. The Federal government has no authority under the constitution to make anything legal tender therefore that power is left to the states who are specifically forbidden from making any thing but Gold and Silver Coin a Tender in Payment of debts (with good reason as State's had a bad habit of forcing people to accept promissory notes in payment of debts prior to the constitution).
Instead of yapping about how many dollar bills an ounce of silver will be, we should remind ourselves that a dollar is a unit of measure established long before this nation was founded, it is a weight in silver equivalent to 371.25 grains or 0.773 troy ounces in more familiar terms. We should be talking about how many dollar bills it takes to buy a dollar, that would be a much more sensible way to measure inflation than using CPI data. After all what better way to measure the value of a dollar bill than by how many actual dollars in silver it is worth.
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How about the fact that a dollar is a coin containing a fixed weight of silver? Federal Reserve Notes and bank accounts are IOU's denominated in dollars but also payable in the equivalent amount of gold coin, or other silver coin as a Tender in payment of debts per the constitution. Obviously the promissor has defaulted on their legal liability to redeem them on demand in lawful money (gold and silver coin) as per the US code. In other words The Federal Reserve and member banks as well as the US treasury have long since reneged on their obligation to redeem their notes on demand in gold and silver coin as required by law. Roosevelt killed the constitution in 1933 when he essentially outlawed gold and forced people to accept paper promissory notes in payment of debts in direct contradiction to the constitution. The Federal government has no authority under the constitution to make anything legal tender therefore that power is left to the states who are specifically forbidden from making any thing but Gold and Silver Coin a Tender in Payment of debts (with good reason as State's had a bad habit of forcing people to accept promissory notes in payment of debts prior to the constitution).
ReplyDeleteInstead of yapping about how many dollar bills an ounce of silver will be, we should remind ourselves that a dollar is a unit of measure established long before this nation was founded, it is a weight in silver equivalent to 371.25 grains or 0.773 troy ounces in more familiar terms. We should be talking about how many dollar bills it takes to buy a dollar, that would be a much more sensible way to measure inflation than using CPI data. After all what better way to measure the value of a dollar bill than by how many actual dollars in silver it is worth.
The Fed manipulates all markets. I don't think they take a particular interest in silver.
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