Billy

apologies if this has already been posted i am still waiting for my 20 x 100oz bars http://www.silverstockreport.com/2008/perth.html Perth Mint and Kitco Scheme Exposed (What's going on here?!) Silver Stock Report by Jason Hommel, March 26, 2008 Yesterday, I got into a bit of trouble by writing that the NorthWest Territorial mint was bankrupt, which they are not (consider this a second retraction). The NorthWest Territorial mint only has a risk of bankruptcy since they have so much silver owed to them by their suppliers, and those risks concern me in light of shortages of silver reported everywhere, and their long delivery times. What is going on with Perth and Kitco is very unfortunate, since the Perth Mint is reportedly one of the largest bullion dealers in all of Asia, and Kitco has the largest presence on the internet, ranking number two in the search terms for silver and gold, just behind wikipedia. So I have to choose my words carefully regarding the Perth Mint & Kitco. Perhaps the words of Jesus and Andrew Jackson are appropriate to quote in this context: "You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson, 1828 Matthew 23:33 "You snakes! You brood of vipers! How will you escape being condemned to hell? 34 Therefore I am sending you prophets and wise men and teachers. Some of them you will kill and crucify; others you will flog in your synagogues and pursue from town to town. You know who Jesus and Andrew Jackson were addressing? The moneylenders who offer to hold your money for you! Since I advocate that you hold your own bullion yourself, I've wondered if the business practices of Kitco gave them a bias to rarely ever publish my articles, even though I was an advertiser for years, and my articles appeared far more regularly at gold-eagle.com and goldseek.com. I think I finally figured it out, and it's time for me to finally burn my bridge to kitco; as I don't need them anyway, and stopped advertising with them a while ago. Kitco is a partner in a bullion certificate scheme with the Perth Mint, and also offers a pool account like Perth Mint does. https://online.kitco.com/pmcp/ I believe, but cannnot prove, that Kitco is short of bullion owed to their own customers in their pool account, and this would explain why they publish the anti-gold articles that they do. If you own precious metal in a pool account or certificate form with anyone, Kitco, Perth, Monex, Goldline, any Major Bank or Brokerage, or anyone else, I think you would be wise to cash out, and get real silver somewhere else, even if you have to pay extra fees to do so. Here are my five witnesses in my case against the Perth Mint (Kitco is implicated only by association, as they advertise the Perth certificates.) The testimony of the people below go to show that you cannot trust silver certificates, nor can you trust allocated silver storage, nor can you trust government guarantees. (Trusting government guarantees for bullion is the most absurd thing I can think of, since governments are the ones who are printing money which competes with the demand for silver as money!) ============= Date: Thu, 28 Feb 2008 18:52:05 Subject: Re: Silver Stock Report: How to Get Into Silver, for Billionaires S Tabikh wrote: Jason, Ive just ordered $20k worth of Silver 100oz bullion from the Perth Mint and have to wait upto 6 months for delivery for such a small order. Goes to show the lack of Silver avaliable. Regards, Shafic ============= Date: Thu, 28 Feb 2008 15:07:40 Subject: Re: How to get into Silver for Billionaires peter wrote: Hi Jason, Thanks for sending me your latest email, I'm always interested in hearing your opinion of the current state of the Silver market. I was rather alarmed, however, to read the story of the gentleman you mentioned who had 10,000 ozs of allocated Silver stored on his behalf by a "AAA rated,... guaranteed " mint which "services the Asian market" ...I assume you are unable to publicly identify the mint concerned for legal and other reasons, but I would greatly appreciate it if you could inform me privately of same. IE: Is it the Perth Mint? The reason I ask, as you can probably guess, is that my own situation is almost identical to the one mentioned in your article (which listed difficulty getting allocated silver which took 6 months) and you have now further aroused my suspicions about the alleged security of allocated storage of precious metals. In addition, I have also met with an un co-operative attitude when making enquiries about taking delivery of my Silver, so again there are further parallels with your story. I hope you can take a moment from your busy schedule to share this information with me as obviously, its vitally important to my future financial security -just a simple 'yes' or 'no' in answer to my query above would suffice, no need to elaborate. Thanks again for your time and I wish you every success in spreading the Story of Silver to the world. Regards, Peter Jason: YES! I was alluding to the Perth Mint, but I didn't have enough testomony at the time to name them publically, but now the truth comes out! Get your silver. Travel to their location, and get it, and haul it away, as soon as possible. (They might not have it!) ============= 3/19/2008 9:20 PM Jason, Just placed another order with Perth Mint, they are out of stock on everything, however there waiting period is no longer 6 months (Im guessing they received alot of complaints) its now 6-8 weeks. Just got off the phone with them, they have no bullion in stock, its all on backorder, the official excuse is that it takes along time to make the bars and everyone wants them, could be viiewed as a good thing knowing demand is high, but I personaly dont like waiting 6-8 weeks for delivery. I contacted several other dealers in Sydney, only 1 out of 5 has stock...... Everyone has back orders with PM which is the distributor. Regards, S ============= In the March 26th Midas report, from lemetropolecafe.com (a site I subscribe to, and highly recommend): G'day Bill The shortage of silver is becoming acute in Australia. I phoned my supplier (THE major in my state) this morning, to confirm the developing situation re supply and he has confirmed that he cant get silver until May. He has always had ample stocks on hand, with my son or myself able to walk in and transact on a cash and carry basis. NOT ANY MORE!!! He can't get a price from his supplier whom I assume is the Perth Mint or the Australian Bullion Co, as these are the bars that I have received from him. He only does Open Book orders where he will take your order but will not be able to price the metal until he is assured of a delivery price from his suppliers. Mid April is when he expects to be able to price an order. He said he has knowledge of a Perth Mint customer who has his money tied up in their Unallocated Pool Account, using Silver Certificates. Taking the advice of various "hold it in your hot little hands" advocates (such as yourself, Ted Butler and Jason Hommel etc,) he tried to redeem his certificates and have his holdings transferred into an Allocated Account. The Perth Mint has advised him that they WILL NOT buy his certificates from him and WILL NOT allocate physical silver to him. They will however ALLOW him to swap them for gold. They will only do this by slugging him on the spreads. They slug him on their buy back price for silver and then whack him for their mark up on gold. He apparently is a man on the edge as my dealer feels that he is close to topping himself over the issue. Must be on Margin. I wonder if the Perth Mint is so broke that they can't pay him. Apparently they are backed by the full faith and credit of the Western Australian Govt. Yeah Right! Stow it or blow it is the right call from you et al, and I thank you dearly for the advice, as I was once a Perth Mint PAPER silver certificate holder. ============= 5:24 AM, March 26th Hi Jason, just wanted to let you know about recent dealing with Perth Mint. As I have been following your emails now for some time I recently decided to buy silver at Perth Mint in the form of the PMCP (Perth Mint Certificate Program). Talking with a person in their Treasury Department I opted for Unallocated silver with the view of changing that to Allocated or pick up at a later stage. After your email "If you don't hold it, you don't own it" I sent an email saying when I wished to pick it up, giving about 4 weeks notice that I was told I needed to give. Still have had no reply after a phone call and another email. Wondering if you have had any similar emails from anyone else regarding Perth Mint? God bless, Graeme. ============= ============= I've been thinking more about how people who are afraid of risks, and who don't want to pay the costs of storing their own silver, tend to trust promises of men rather than the provision of God. The Great Harlot of Revelation 17-18, I believe, refers to moneylenders who lend to the kings of the earth to control them; and this is harlotry because the Harlot will trust the kings of the earth for security rather than the King of Kings, Jesus Christ. So, now, I wonder how much different it is to trust having someone else hold your silver for you; is that an act of spiritual harlotry as well? Do these people who put their trust in the Perth Mint, guaranteed by a "king", the government of Australia, get what they deserve? The kings are said to turn on the harlot to destroy her, and I wonder if the Perth Mint not giving out silver that was paid for is like a preview of that prophecy. You judge. As for me, I've long decided to choose to be responsible for taking dominion over God's provision of silver that He has entrusted to me to care for, and I'll accept and take the risks of holding it myself, and I'll trust in God that things will work out ok without man's insurance. I know that if I have wealth, then I must also have the wealth to guard it, as that is a basic undeniable truth. If you have a small amount of silver, get a lock box. If you have more, get a floor safe. If more, get a large gun safe. If more, get several gun safes. If more, build a vault. If more, build a warehouse. According to God, if you are Christians, you are Kings and Priests, and so, I try to act like it; taking possession and guarding my silver with my own safes, and preaching that others do the same. Revelation 5:10 And hast made us unto our God kings and priests: and we shall reign on the earth. The united States is supposed to be a nation of sovereigns, kings, the people are the kings. Act like a King. Get your silver. Act like a Priest. Tell other people to get their silver. http://find-your-local-coin-shop.com/ Sincerely, Jason Hommel www.silverstockreport.com www.miningpedia.com

Destroy the world's largest, most powerful economy so the US can be "integrated" with other nations in the western hemisphere - but do it slowly, so nobody can point the finger at one particular Fed action and go lynch the bastards. Bernanke's thesis was on the Great Depression he is obviously the elite's placeman to take the usa down... btw they assaisnated eliot spitzer quite brutally http://www.youtube.com/watch?v=GMo7T9t0Gzk you won't hear anything about his sub-prime battles in the mainstream press this all leads me to believe that the sub prime and resulting financial implosion we are all witnessing has been planned from the get go...

great article, neatly summed up Just look past the smoke, break some of the mirrors, and reality looks exactly the way it did before Bernie staged this rehabilitation of the Fed's image as an institution that can "save" the markets. Of course, none of this even addresses the issue of what ultimate effect yet another rescue action really has on the economy. It can only make things worse in the long run - and that's what the Fed's real raison d'etre seems to be: Destroy the world's largest, most powerful economy so the US can be "integrated" with other nations in the western hemisphere - but do it slowly, so nobody can point the finger at one particular Fed action and go lynch the bastards. In other words: plausible deniability. That way, at least, that pesky thing called a "Constitutions" that some hopelessly backwards Americans still believe in no longer needs to be paid lip service to. At least, that appears to be the plan. Got gold? Alex Wallenwein

No wories - he IS a very good writer, and very knowledgeable (I think he has a PhD is history, or economics? fwiw) - but he flip flops and always seems to get it wrong. Still worth reading though, some of his articles are classics. I read all his stuff for 2 years approaching Y2k and shortly thereafter ... quite an experience the tb2k forums, LOL

Strange Silver Price Gyrations And Shortage Nobody Wants Silver So Badly, You Can't Buy Any By Edgar J. Steele 3-20-8 It's just like pro rasslin', maw. He's up ... he's down ... he's been thrown completely out of the ring and landed in the laps of New York's governor and his ... is that his wife? What's this? Silver is down yet another dollar-something today, after being down over a buck and a half yesterday? So, the stock market must be up a gazillion points, eh? Nope. Then, the dollar - they must have struck the world's biggest gusher on the White House lawn? Nope. But the dollar is up - way up. Will it stay up? Nope. This is a simple takedown, folks. Artificial manipulation by the big boys, designed to force out what they dismiss as "weak hands" holding silver. Well, don't pay attention. We're in this for the long haul. In fact, if yesterday was such a great time to buy more silver, then today must be an even better day, right? That's absolutely correct! Go the head of the line and really load 'em up this time! Aggravating this correction in the price of silver is the exit from paper silver of those who have gotten too nervous by this manipulated and phony downtake. My pal the chart freak says that this is a standard Fibonacci retracement from a base price of $9.85. Meaning that those who bought in on paper (ETFs and futures) at around $9 or $10 now finally are selling and counting themselves lucky to have the profits they just booked. Standard stuff, he says, while silver consolidates and builds a new base in this area, preparatory to heading higher...much higher. And soon, at that. One day soon, paper silver will be shown to be the fraud that it is when sellers are unable to deliver the physical that somebody bought. Then physical will rule. That is when the moon shot comes. And, to be on board, you have to be holding the real thing, physically...in your hands. Meanwhile, local dealers have jacked their margin up from .50 an ounce to .85 and higher. APMEX pushed theirs up 9 cents yesterday and today, you can't even buy anything from them except 100-oz bars, "generic" .999 silver and junk coins. So, nobody wants silver so badly that its price takes a $3 nosedive in the course of about 24 hours. On the other hand, just try to find some to buy. When you do, the dealer is jacking up the price. Nobody wants silver so badly, you can't buy any! Go figure. And go buy some, while you are at it. Right now. This minute. Don't ask why. Don't ask what. Don't ask when. Just do it.

Ref silver I am still missing 20 x 100oz bars I ordered some while back from a dealer in the USA. Sure seems to be a phsyical silver crunch ... I also got the apmex email saying their system had crashed at same time silver dried up... My schadenfreude kicked in big time however when I read this at Bulliondesk... LOL LOL LOL :lol: lol lol lol Fight for 15 tons of gold A crisis of lost gold has come up between Societe Generale and Goldaş. French Societe Generale bank claimed that the gold worth $500 million which they had given to Goldaş for selling at Istanbul Gold Market has been lost and filed a criminal report about the event. The partner of Goldaş, Yalınkaya, said: "it is slander; we are shocked." Societe Generale and Goldaş fight for 15 tons of gold 21.03.2008 French Societe Generale has claimed that $500 million worth of gold, which they had given to Goldaş to sell at the Istanbul Gold Market has gone missing and has filed a criminal report about the event. French Societe Generale claimed that 15 tons of gold, worth $500 million, which they had given to Goldaş to sell at the Istanbul Gold Market, has gone missing and filed a criminal report about the event. According to the claim of the French Bank, they gave Goldaş 15 tons of gold on consignee and authorized Goldaş to sell the gold in the Istanbul Gold Market. However, the bank was unable to get the gold back. Goldaş made a written statement and rejected this claim. Goldaş claimed that they had a commercial mutual agreement with Societe Generale; however the bank is acting upon ulterior motives. :lol:

Can't take G North seriously after he made a TOTAL ass of himself over the Y2K non-issue. He was predicating societal breakdown and a reverting to the stone age. He crawled away for a while tail between his legs and is now doing what he does best, milking money off people.

All banksters lie, because if they told the truth there would be bank runs. Sinclair says all 8,000 hedge funds are dead, he said that a long time ago, way before the merde hit the fan as it is doing now - and I suspect that most banks also fall into that category too, as does Sinclair. All the PTB are doing is buying themselves time, putting the printing presses on afterburner, and shuffling the deck chairs - UK PLC is going DOWN! USA INC is going DOWN! Both are already dead in the water and this fortunately gives us all with the foresight to SEE to get our ducks in a row. Stiglitz, Roubini, Schiff, Faber, Sinclair, Turk et al - these folks know what they are talking about. I am alread fully invested in physical bullion, and am busy freeing up funds in my pension fund so that I can put it into somthing tangible - GOLD - and not have it frittered away in the ongoing currency collapse. I'm with Pearl, and I can quite see it going bellly up so badly mismanaged is it. Ditto other dormant funds I can get my sticky mitts on. For this Stiglitz DELAY, I am grateful to the FED and their lying cohorts.

All banksters lie, because if they told the truth there would be bank runs. Sinclair says all 8,000 hedge funds are dead, he said that a long time ago, way before the merde hit the fan as it is doing now - and I suspect that most banks also fall into that category too, as does Sinclair. All the PTB are doing is buying themselves time, putting the printing presses on afterburner, and shuffling the deck chairs - UK PLC is going DOWN! USA INC is going DOWN! Both are already dead in the water and this fortunately gives us all with the foresight to SEE to get our ducks in a row. Stiglitz, Roubini, Schiff, Faber, Sinclair, Turk et al - these folks know what they are talking about. I am alread fully invested in physical bullion, and am busy freeing up funds in my pension fund so that I can put it into somthing tangible - GOLD - and not have it frittered away in the ongoing currency collapse. I'm with Pearl, and I can quite see it going bellly up so badly mismanaged is it. Ditto other dormant funds I can get my sticky mitts on. For this Stiglitz DELAY, I am grateful to the FED and their lying cohorts.

You can lead a horse to water etc etc and you usually end up losing friends if you push it too far. I have tried over the years to educate people and the vast majority just don't want to know, they are the walking dead, what Einstein (I paraphrase) called 'old at 18' or something like that - these people are the sheeple, the herd, those that the whole establishment publicity and brainwashing programme in all its might have aimed to influence from the day they were born. Very few make it out of the herd. Only as individuals can THEY can wake up, and each individual has there own tipping point, most never reacing anywhere near it. The vast majority, in all aspects - spiritual, financial, everything - are content to remain in blissful ignorance with their wide screen teevess and copies of the sun and mirror.

Perth Mint - I used them but am glad to be shot of them - margins to get in and out are high, dealers take about 3 per cent'ish I think, selling and buying is cumbersome, you have no say in the exact spot price settled, delivery of certificates was slow and messy, took weeks, some got lost, nightmare, ditto getting the funds wired to banks, I could not recommend them - see Ted Butler on the Perth Mint, I've also read horror stories, one chap waited five months for delivery of ALLOCATED!!! silver that he was paying big bux for alleged storage, lol, 5 months because obviously Perth did not have the physical silver they claimed to have and had to scrabble around on the open market to find the metal. Fact is it is a paper pool account just like Kitco - were silver to say reach 100 an oz next month and a deluge of investors wanted delivery, they wd not get it, ditto getting funds settled at 100 bux an oz, because it is just like the fractional reserve banking system, all works ok as long as 97 per cent of folks leave their paper money with the entity, but if delivery is neede pronto then it all ends in tears... Finally Peth is AAA rated, lol, so were many banks and hedge funds that have gone tits up - we have no idea what Perth are exposed to via sub prime and derivatives, and one more thing - they are insured by Lloyds, but if the financial implosion happens on the scale Sinclai and cgnao and others have itemised, then Lloyds will go under too. Tell yr friend to buy 200ks of physical gold, and put it in several secret locations - NOT banks, as banks are going to possibly suffer runs, not worth the risk, also the confiscation question with banks, and if he buts UK sovs, then no CGT either, fuggedaboudit...

From another forum - a regular who follows Sinclair... Jim Sinclair has alluded to Angels past $1650. There is one at $3300. We will hit it this year. How? I hope everybody has noticed the world global economy is in the process of implosion. Think Depression II on steroids. TPTB will need a scapegoat to divert attention away from themselves, as usual. Look no futher than the monkey Bush with his finger on the button. We will see a strike on Iran. Then things go from bad to nightmare. Prepare accordingly. Billy - I haven't seen that next (Arch) angel mentioned - it is double his long held angel of 1650. Seems about right to me, Jim still erring on the conservative side... As for Iran I've heard rumours that units of the US 101 Airborne are in Israel actively preventing any tactical nuke attacks on facilities in Iran (many of which are deep underground and so need tactical nuke bunker busters, the same ones used in Afg) - anyhoos it wouldn't surprise me - at some stage I can see a scenario where the whole derivatives mess is so fubard that another war is needed - Israel will be let off the leash and the US may go along too, leading from the front or as backup, all amounts to the same thing... We'll see within a year or two...

I can vouch for that - I recently ordered 20 100oz bars from a dealer in Oregon - he's always delivered OK, if a tad slow at times - this time I've been waiting getting on for 8 weeks now ... 50 x 1oz eagles turned up after bout 5 weeks - defo seems to be trouble getting physical silver...

bloody hell!!!!!!!!!!! bbc news segment on buying gold repeated every 15 mins and on news 24 for the next day or 3 we are in new territory :P

Trouble is, the PPT/Cartel do not always move in a linear fashion - sometimes they go ballistic with their smackdowns, sometimes they do not make an apperaance. I've given up a long time ago trying to figure out the counter-intuitive market dynamics in gold. I read MIDAS (GATA) ever day after the market action, and he is the bomb trader - and he can't figure it out. The only ones who know WTF is going down work for G Sax/FED/BOE imo.

SUPERB!!!!!!! :lol:

hmmmm gold 1000 silver 20 the money managers, who are ALL numerologists at heart, sure are trying to kepp the RATIO at 50 Goldfinger predicted silver at 25-30 at gold 1000?? Or was it at 1050? At any rate the charts looked good!!! :P what do you say GF? Silver is a far smaller market to manage, I can sense that is why we still have the 50 ratio...

Interesting - think I'll order it )))

Spot on! Ban the Nazi fugger.

hmmm interesting reply on that thread from The Matador if one had shorted Bear Stearns when he (and maybe cgnao) called it well you would be fer&&&g rich!!!! Mar 10 2008, 06:43 PM Post #119 HPC Poster Group: New Members Posts: 268 Joined: 29-December 06 Member No.: 7,121 Bull or Bear? Bear QUOTE (The Matador @ Mar 7 2008, 10:53 AM) We could try a "cygno experiment" to replicate the Great Man's technique. I have just received by telephone/telepathy/astral project/holographic message from Princess Leia, a very worrying piece of news. In a few days I'll tell you what its is (since we are getting bad news on a daily basis, all I should need to do is scan the news blog for a likely story and hey presto! I look like I've got insider knowledge). Let's see how it pans out. I can now reveal the nature of the communication I received on March 7th. Bear Stearns are rumoured to be insolvent due to a lack of access to capital. Link Aren't you all now amazed that I could predict this event. I told you on the 7th that I had news of great importance and here it is. My predictive abilities and insider contacts have served me well again.

I feel quite happy about my 2 bans at HPC and being able to tell oldfart and smelly and their ilk what Nazi bar stewards they are. They willy nilly erased many hundreds of responses to many hundreds of threads. F 451. Pure scum.

Agreed. I hope Red Kharma loses his mummy's allowance of 50 pounds a week to play with. I have been burned badly by gold and silver miners over the last year or son, and in this NEW TERRITORY we are in, see all recent banking collapses that have been made public (multiply the many many more that are dead in the water and are being supported by the fed/boe etc printing presses) I don't trust any paper money. I am all in, personally held bullion. You can make funky pyramids and coffee tables with 100oz JM or Engel bars, LOL!!!

Yes me.

Let it implode. Almost all of us here have done our UTMOST at HPC, here, and at other places in order to educate and HELP the masses - CGNAO is a prime example, and Goldfinger - they are BOTH doing, for whatever reasons, their UTMOST to disseminate the truth as they see it. HPC will suffer as a result. Frankly, any numpties in the housing market just about crawling to HPC ***NOW*** will deserve all they get. Ditto gold IMHO. Let Red Kharma keep on shorting, and let the old bozos running HPC keep reminiscing about ovaltine and bingo and fish 'n' chips.

I am a seasoned trader. I don't trade gold or silver any more now, stopped a while ago, any and all trades from now on are simple Au to Ag (and vice versa) balancing according to the ratio - trading these two beasts in the ***best set-up EVER*** to make you FU****G RICH is a huge no-no. Buy strong and keep LOOOOONG - I just wish I had easy access to more capital right now and I would go all in at current prices - as I know I will double it and quadruple it and much more in the years to come - all my otc capital is now in gold and especially silver bullion, in my own house and own safe, no middlemen, no BS, no capital gains tax, no crapola with share certificates and perth mint certificates and kitco monopoly money, KISS is really essential when riding this bull.