grumpy-old-man

some are even starting to get worried about physical allocation in Bullion Vault. This is a sign of the times isn't it...... https://www.kitcomm.com/showthread.php?t=67184

This is an extremely interesting read, lot's of anecdotal, so if you tend not to like anecdotal then don't read it. https://www.kitcomm.com/showthread.php?t=67211 It follows on from some of those recent vids I posted. Daystar's comment (3rd post) is very interesting & also post number 7 imo. You need to be well read in the right areas to understand this though. Enron style accounting was all lost in building number 7 you know, handy that. I wonder how they will lose the paper trail this time ??

Hi RH, Errr......we are in a hyperinflation, right at the early stages imo......remember that brilliant chart & data from FOFOA that Steve Netwriter posted a few weeks ago, well the US & UK one will look very similar, the problem is that (as with most data), it comes out after the event has happened. Far too late for the majority. I like to be a minority case, contrarian as per usual.

more & more info on the possibility on shortage of physical silver: The Bank of Nova Scotia in their year end filings show a monstrous negative to its position on silver and gold: "from Adrian Douglas of Lemetropolecafe.com: I wouldn't mind betting that Scotiabank doesn't like the attention that it got courtesy of GATA that they didn't have Harvey Organ's silver in 2008 that they were supposed to be storing. Just for the record if anyone doubts the Harvey Organ anecdotal evidence here is some compelling evidence on the precious metals predicament of Scotiabank in 2008 from their very own accounting: BANK OF NOVA SCOTIA ANNUAL REPORT http://scotiabank.com/images/en/file...otia/19578.pdf Here is an extract from the Bank of Nova Scotia 2009 Annual report. Liabilities for gold and silver certificates 5.619B$ and Precious Metal assets 2.426B$.in other words naked short 3.18B$ by their own accounting! The price of precious metals would be very different if this 3.2 B$ of customer money paid to them for buying PM's had actually gone to making real purchases of physical metal. They were 1.94 B$ net short of PM's in 2007 also." Here another good link: http://harveyorgan.blogspot.com/2010/09/se...commentary.html if you scrol down past the charts'n'stuff, you will come across this: "Adrian Douglas reports: From what I hear the premiums over spot for immediate delivery in the London market have increased dramatically such that some buyers are motivated to buy on Comex which allows buying without paying a premium. It will be interesting if the shorts can deliver silver to them because these are not speculators playing for cash gains; these are serious bullion buyers. The OI together with the issued delivery notices indicate the potential amount standing for delivery could be 13.5 Mozs or 25% of the dealer inventory. In gold, we are also hearing the same story."

agreed fitkid. try not to get banned, otherwise we will miss your input.

Hi chris ct, same comment as I said to Schaublin, plus: I agree it feels like any day now. My comment was aimed at the posters who have mocked me over the last 2 years tbh. Plenty have called me a troll or conspiracy nut, just proving I am not. Everything is coming true, all that was predicted from a monetary pov (of which I always acknowledge those that helped me get to this point).

Hi Schuablin, you know me well enough to know that I wasn't really looking for any type of accolade, I was just making a point.

they did that once with me, (charged me 7%vat ) but emailed me back the next day to let me know that they got the price wrong....it was on a sizeable order also.....bu55er.

yes indeed, with property/land down at least another 60% from todays prices also.......

BNP Paribas have buys physical silver at $20.58.... http://AgAuPM.com/bnp-paribas-buys-physical-silver-at-20-58 now what does this tell you ? It should be screaming at you....... you should be very worried if you are sitting in dollar or sterling fiat imo.

I keep posting all these great articles & links & yet virtually no replies (I think I have had one reply in 4 threads), makes you wonder who really is fully in & who really has any physical metal imo. anyways......another nice article for you all to enjoy: http://www.marketwatch.com/story/gold-futu...obex-2010-09-20 At the moment, there is a “lack of major news to prevent a sell-off in gold,” said Chintan Karnani, chief analyst at Insignia Consultants in New Delhi. He referred to gold’s current rise as “too much money chasing too few goods.” “Investors are invested in gold ... and they are not exiting their gold investments,” he said, pointing out that “fundamental gold is bearish as there is no demand, but gold has now become a paper asset.” obviously it won't be a striaght line to the top: But “technically overbought conditions exist” in the gold market and “a correction of $50-$60 should happen anytime before the next leg higher to $1,376,” Karnani said.

here's seekingalpha's view: http://seekingalpha.com/instablog/722135-a...physical-silver

warning number 873..... http://agaupm.com/comex-dealers-borrow-phy...ased-inventory/ "Comex Dealers Borrow Physical Silver Despite Reporting Increased Inventory" "Uff, this one really puzzled me so I put few hours into investigating which side is not honest and what explanation could be made for what’s currently happening at Comex – regarding physical silver. By looking Comex daily inventory reports, open interest contracts left to deliver physical by the end of Sep 2010 and delivery notices sent to clients waiting on physical silver, I crunched numbers and come up with a logical explanation. Here goes. As of yesterday, there are 1,513 OI contracts left to deliver physical silver by the end of Sep 2010 (each contract stands for delivery of 5,000 ounces of physical silver). 2 days ago this number was at 1,621 with delivery notice of 148 contracts so yesterday’s OI contracts left should be 1,473 (and not 1,513). This already provides us with first interesting discovery… …that actually there were additional buyers of Sep 2010 contracts that got scared of waiting on Dec 2010 (next delivery month for physical silver) and are panicking to get their physical silver already this month. This new buyers panic to get additional 40 contracts equaling 200,000 ounces of physical silver. I can’t stress this enough – this additional buyers want to trade their paper silver (Dec 2010 silver contracts) for physical silver and are scared to wait on Dec 2010 to get physical and are pressing COMEX to deliver them physical silver already this month. Next info from latest Comex silver inventory report is that yesterday 354,346 ounces were withdrawn from Comex’s customers inventory. And for the biggest revelation is same report that showed that on September 7th 2010, Comex dealers took a lease from Comex customers for 2.3 million ounces of physical silver (actually 2,298,863), equaling 460 contracts. Why are dealers leasing from customers (which cost them certain fee), when they report to store in Comex warehouse 54.1 million ounces? If they owned 54.1 million ounces of physical silver – why would they pay storage and insurance fee on this reported silver, plus paying a new fee to lease additional 2.3 million ounces of silver from customers? With total number to deliver in Sep 2010 being around 13 million ounces and dealers reported registered silver inventory being 54.1 million ounces, there shouldn’t be a problem to just deliver this amount and still have 41.1 million in their warehouses. Are they so generous to pay so many fees (insurance, storage, lease…) or they actually don’t own this reported 54.1 million ounces of PHYSICAL silver? Paper silver is in abundance but when clients demand 15 million ounces of physical then we see what’s happening." "Conclusion of this messy stuff going on at Comex this month is that Comex don’t own as much physical silver as they claim."

physical...... https://www.kitcomm.com/showpost.php?p=1079...mp;postcount=13 "In another interesting development, a buyer of a COMEX gold contract for delivery in September 2009 just received confirmation that the physical gold has finally been posted to his account. …The buyer noted that the broker’s rules for owning this particular bar have changed from past practice. … The new limitations on how the bar may be treated I interpret as a further sign of growing physical shortage in the COMEX gold and silver inventories. If you don’t mind having to wait a year for delivery of your COMEX inventory, then you can consider owning a COMEX contract. If you want to make sure that you have the physical metal, though, get it in your own custody immediately." believe what the paper certificate says or believe what your own eyes see ?

when you have digested that last post, feel free to dig into this vid, part 1 of 3, so get the other 2 on youtube. From: