What would you do if your wages were artificially held down? You would want to fix it any way possible. There is no free market since they force you to use their paper. They print it and manipulate the price. Thus through crooked means they force people to sell their quality silver for the worthless paper. Sprott is right in his thinking. He should do this!!!!
you guys are like a stupid version of Max and Stacy; funny jewish looking guy with cute chick! Sprott may want to make money speculating on silver but there is nothing wrong with that. Sprott is honestly warning people that lying governments are bankrupt and you should watch out for fiat money and mainstream media. You should thank him.
Also, watch for Brother John F. He is another hypocrite that argues for free market principles, but will accept Sprott's OPEC styled silver cartel to raise the value of his silver coin. Does this sound familiar? Many major bankers are instituting "free market" principles and privatization when they profit, but when they lose they cry like babies and demand an end to the monopoly. Regulation in times of loss, deregulation in times of profit.Watch out for Max Keiser, Ron Paul, and all of the fools
I think Sprott was suggesting that the miners save some of their own inventory as they would cash. The silver cartel is the answer to the banking cartel.
Silver prices go up, more mines are opened, then more supply comes to the market, then price goes down, then mines close, supply dries up (repeat cycle). Business cycle.
i don't care who you are, if you have a billion dollars you were not totally honest along the way, sprott may be the worst of the evils but still one evil bastard
Of course he does. Eric will be a sitting member of the Cartel and will manipulate prices like OPEC does oil. Sprott is a criminal just like Big Ben Bernak.
@thegermanprostitute Link it all together. We are in the age of monopolies. Sprott. James Turk. Max Keiser. Brother John F, Peter Schiff, Ron Paul...all of them hide under the guise of "free market" capitalism. The hysterical thing about it is this: They want to regulate the markets to make them free. Wow, did that last sentence sound stupid! All of these people are wealthy capitalists. None of them are WE the people. Stop worshipping the enemy. Socialism for the people.
Some people could never comprehend the fact that there could be some big bad guys within the "silver community" like Sprott who doesn't intend to help the People at all.
@TonyBeanify Good point Tony. All of these silver and gold SALESMAN use the free markets and affordable silver for the common man as a marketing ploy. Now you see Sprott trying to control it. Are these free market principles? I believe in silver and gold's value, but would I buy a share in Sprott's PSLV when he and his cronies ALWAYS advocate only BUY PHYSICAL? Good to see you comprehend. :)
If silver is to represent money then it should represent the energy used to extract it from the ground. This will depend on both oil and food prices as that is the energy used to fuel the machinary and also feed the miners and not what some paper-shufflers in banks say it is worth.
A lot of times a mining company makes an agreement with a customer to provide a certain amount of silver for a predetermined price regardless of what's happening in the market. These are multi-year contracts. They also 'hedge' or hold some back in case the prices go up. That's an long time practice predating Sprott. Most of them were probably under some sort of contract when Sprott made the call so I doubt it will have much affect. Silver mining is a whole different world from our end of it.
Instead of holding the majority of their treasury in cash Sprott suggested the miners put a portion of that cash in silver. This may be the only way the paper market price will be broken. I see nothing wrong with that.
if i buy a contract and have to take delivery upon maturity or sell and have to deliver on maturity is that a paper market? it's traded like that so we dont have to ship physical silver all day everyday.
READ CLOSELY TO WHAT CHRIS POWELL OF GATA HAD TO SAY A FEW DAYS AGO.
"......and as long as investors are ready to accept paper gold rather than real metal, the gold price can be suppressed forever." Chris Powell GATA, from Jan.13.2012 article.
THE BIG BOYS (INVESTMENT BANKS) WILL ALWAYS WANT TO TRADE IN PAPER, UNTIL THEY CAN'T ANY MORE. DON'T UNDERESTIMATE HOW LONG THEY CAN KEEP THIS GOING FOR.
As the silver market is being artificially manipulated by highly leveraged naked shorts, and as the COMEX is artificially manipulating the margin requirements to flush out silver investors, and as the courts are turning a blind eye because it props up fiat currencies like the US dollar, then what other option is left but a cartel to stop the silver manipulation and let the market establish a far less volatile price?
Embrace "volatility"- the higher the peak, the lower the trough- you begin to sense what is high after a mistake or two. Pray for the big dip. The mother of all dips. Diplodocus.
don't most miners sell their silver that's already bought and just get a set amount per oz over spot? if that's true then most don't really get an advantage when the price jumps.
Sprott's talking out his ass now. I don't care how long he's been in the business. A Cartel is NOT the answer to manipulation: hedging and JAIL FOR FRAUDSTERS is.
I can safely ignore Sprott while paying attention to Rickards, Faber, Turk, Sinclair & watching the price-action & news myself.
@chocomal Try this, Go 1 month without using anything in your before mentioned list. and then go 1 month without using any oil. I agree with your comments about helium oil and silver from another post.
something needs to get hold of this from JP Morgan et al...there already IS a cartel...I'd rather have it in the hands of the miners than the bottom feeders on wall street
Just because you are a large miner, doesn't mean you have a good grasp on what is going on. When did Barak gold finally take their hedge off? 1500? There aren't many individual silver miners who have more to gain or lose than sprott. We should pay more attention to him. It wasn't a miner that cornered the market, but a couple of brothers.
I don't trust Sprott anymore. He pumped up silver in april getting everyone to buy suggesting that the price was going higher and higher, only to sell is loot :(
my instinct tells me eric is talking up his book and possibly encouraging silver miners to move with current developments in the paper market to max revenues (which is natural) and profitable for his fund as he owns a lot of the shiny stuff.
I question most everything as well, especially in regards to these markets in the short term. Many of these people within this market are more than likely f'n crooks, but who knows. It really doesn't matter for those that are in it for the long haul.
I think the miners don't understand all the corruption that happens behind their backs. You can be the best at mining gold and silver but that doesn't make you the best salesman. And as a salesman, you are aware of what price is reasonable and what the supply & demand numbers look like. The higher the demand, the higher you can bring your price until you see people going else where, that's a sign that you need to bring your price down a little.
Now I am more confused. You are making it sound like the people who go down into the mines, physically mining the metals are the ones who "understand" silver. I know a lot of people in northern Alberta who physically extract the oil from the tar sands who know absolutely nothing about the oil market. These are not mom and pop operations. The tool pushers are not controlling the price nor do they care what the price is. They only want to work their job.
I personnally think a cartel would be of great benefit to the miners, Just look at De Beers and the control of the diamond industry .They have such a control over diamond prices that even the fact that diamonds can be man made the prices have been relatively kept high although they have come down recently .Silver unlike diamonds can not be man made and having an organization that could control prices outside the market would be great for them .The prices are already manipulated against them .
Ted Butler has questions for some time, why silver miners haven't united and refused to sell their silver so cheaply. Jim Sinclair had the best idea I've heard for miners. Offer a large dividend, optionally payable in metal coins, difficlt to obtain. That would require the shorts to pay the dividend in the coins, and also eliminate the long metal short miners hedges, since the coins reqire a metal purchase. This won't raise the prices of the metals, only the price of the beaten down stocks
Our children will suffer greatly because of the low price of oil allowed us to frivolously waste it away.
The same can be said for helium and silver. Any commodity of limited supply that is useful and necessary will be wasted if the price does not reflect the rarity and necessity.
You can scratch every computer and most electronic devices including the gas pumps. Say hello to staph infections galore in hospitals, say goodbye to the best water and air purifier and the best antibacterial/antiviral agent there is.
No more 20th century military, jets, tanks, missiles etc. No more ATMs, movies, pictures, cameras. Back to hard copies of everything in triplicate, on paper.
Removal of silver would have a similar effect to removing oil, though oil is more important.
Uh, Joe do think a silver miner has lines of credit and bank loans?
You don't think a banker may cut them off should they sue JPM. Clearly JPM is not that powerful as to dictate what other banks can do. It's not like all the banks are interconnected with debt and could all collapse or something.
Silver is not needed by the masses on a daily basis like oil. I don't like anyone having a majority control(manipulation) on any asset. The only reason oil didn't sell off when opec was formed is because we could not be without it and they knew they could set the price accordingly to their maximum gain and our budget.
Their strategy was to flood the market with cheap high quality drugs, which worked.
That is the same strategy of the PAPER silver contracts, which will fail as supply will not increase as rapidly as demand. The govt. help, paralleling drug cartels govt. assistance, of dumping silver onto market, has run out of supply.
GapTooth is about to be sued for defamation. He has no proof of anything of what he says. He says that he can trade 50 oz of silver for 1 oz of gold. So, I think someone should take up on his offer.
Randytooth steered you wrong. This isn't a call for a cartel to jack up the price. It's SIMPLY an excellent idea for producers to protect themselves from getting ripped-off by bankers and the markets.
BrotherJohnF recently had a really great video on the subject. watch?v=nEFDT4GOJhA - His idea was that all silver producing countries should join together in some type of coalition - to paraphrase.
eric sprott was partly to blame for the micro-bubble we had in silver. he is a profiteer... and its not a knight in shining armour like a lot of silver bugs make him out to be.
Eric Sprott broke the paper vice being clamped upon the paper silver market with PHYSICAL purchases.
The immense number of shorts spewed naked upon the paper market in combat form, ended silvers gains by capturing silver investors money and demand with PAPER.
Knight or not, Sprott is beneficial, for those who choose to hold bullion.
I think you are wrong when you say the miners know the game. They don't. Their task is to produce the metal, sell it, and get their shareholders happy. Sprott understands the game very well and if OPEP was able to break the manipulation then, a silver cartel could do the same today. In the end, however, supply and demand will prevail as long as people get physical.
... I would ...
MarketDepth 2 weeks ago in playlist Uploaded videos
Fiat money has a lot of war blood on it... speeding its death would slap the peasants awake, fiat is the war enabler
Tomta20012 3 weeks ago
@silverfuturist Where's your goodies been?? Jackie O doesn't like going to estate sales??
YouSayYouWantA 1 month ago
What would you do if your wages were artificially held down? You would want to fix it any way possible. There is no free market since they force you to use their paper. They print it and manipulate the price. Thus through crooked means they force people to sell their quality silver for the worthless paper. Sprott is right in his thinking. He should do this!!!!
GomersRevenge 1 month ago
ok... so i am an idiot...went to your channel and have no idea how to post a pm... do you do skype?
skybirdbird 1 month ago
So, what do you think the market insiders will be doing when they know silver is finally topping out? Selling to you, that's what.
maxdeniroAu 1 month ago
you guys are like a stupid version of Max and Stacy; funny jewish looking guy with cute chick! Sprott may want to make money speculating on silver but there is nothing wrong with that. Sprott is honestly warning people that lying governments are bankrupt and you should watch out for fiat money and mainstream media. You should thank him.
paaping 1 month ago 2
Also, watch for Brother John F. He is another hypocrite that argues for free market principles, but will accept Sprott's OPEC styled silver cartel to raise the value of his silver coin. Does this sound familiar? Many major bankers are instituting "free market" principles and privatization when they profit, but when they lose they cry like babies and demand an end to the monopoly. Regulation in times of loss, deregulation in times of profit.Watch out for Max Keiser, Ron Paul, and all of the fools
NathanHaleLives 1 month ago
I think Sprott was suggesting that the miners save some of their own inventory as they would cash. The silver cartel is the answer to the banking cartel.
puapake 1 month ago 2
@puapake You got it right...need to have a level playing field, at least......paper is controlling the metal price for the time being....
dufas47 1 month ago
Silver prices go up, more mines are opened, then more supply comes to the market, then price goes down, then mines close, supply dries up (repeat cycle). Business cycle.
sang3Eta 1 month ago in playlist Uploaded videos
i don't care who you are, if you have a billion dollars you were not totally honest along the way, sprott may be the worst of the evils but still one evil bastard
solojam 1 month ago
@solojam Now you're getting it. ;)
NathanHaleLives 1 month ago
Of course he does. Eric will be a sitting member of the Cartel and will manipulate prices like OPEC does oil. Sprott is a criminal just like Big Ben Bernak.
thegermanprostitute 1 month ago
@thegermanprostitute Link it all together. We are in the age of monopolies. Sprott. James Turk. Max Keiser. Brother John F, Peter Schiff, Ron Paul...all of them hide under the guise of "free market" capitalism. The hysterical thing about it is this: They want to regulate the markets to make them free. Wow, did that last sentence sound stupid! All of these people are wealthy capitalists. None of them are WE the people. Stop worshipping the enemy. Socialism for the people.
NathanHaleLives 1 month ago
Are you two jehova witneses?
ergewghwyhw45y2 1 month ago
Some people could never comprehend the fact that there could be some big bad guys within the "silver community" like Sprott who doesn't intend to help the People at all.
TonyBeanify 1 month ago
@TonyBeanify Good point Tony. All of these silver and gold SALESMAN use the free markets and affordable silver for the common man as a marketing ploy. Now you see Sprott trying to control it. Are these free market principles? I believe in silver and gold's value, but would I buy a share in Sprott's PSLV when he and his cronies ALWAYS advocate only BUY PHYSICAL? Good to see you comprehend. :)
NathanHaleLives 1 month ago
If silver is to represent money then it should represent the energy used to extract it from the ground. This will depend on both oil and food prices as that is the energy used to fuel the machinary and also feed the miners and not what some paper-shufflers in banks say it is worth.
gibbo675 1 month ago
OPEC cartel in middle east, hard for gov to break up, Silver cartel = Nationalization
hotsaucze1 1 month ago
Shame on the game, it's worthy of disdain. "I didn't invent the game, I just play it"...crap on that logic.
TheMetalElement 1 month ago
But silver is a by product.. It's the tin there after..Ain't it..?
redrik09 1 month ago
SF, when will you get HD videos?
nottinmatterz2day 1 month ago
Blatant plug: Great Panther Silver Limited - T.GPR:TSX. Get some.
JRCrowley 1 month ago
wow...sounds like a Billion $ for Sprott was not enough, and now he's positioning himself to hook his wagon to the Silver Market.
Sounds alittle too opportunistic at the expense of the people actually MAKING the Silver.
I'm sure when he says the miners need to play the game, he means the game he is now actively seeking to cash in on no matter what or how he does so.
We don't need you Sprott. You made your Billion. Shove off. You are no Gentleman, and as such you get no Silver!
ThisIsRogueLiberty 1 month ago
how can you take anyone seriously talking about silver who doesn't wear a shirt or a silver shirt for that matter
mike6459 1 month ago
@mike6459 So wearing a expensive suit helps? LMAO
TonyBeanify 1 month ago
I agree they are probably sticking with what they know.
greatlakescrow 1 month ago
Is Eric perhaps saying that it's time to fight fire with fire?
Lexi8888 1 month ago
A lot of times a mining company makes an agreement with a customer to provide a certain amount of silver for a predetermined price regardless of what's happening in the market. These are multi-year contracts. They also 'hedge' or hold some back in case the prices go up. That's an long time practice predating Sprott. Most of them were probably under some sort of contract when Sprott made the call so I doubt it will have much affect. Silver mining is a whole different world from our end of it.
acuriousbeast 1 month ago
the darkest place is under the candlestick. Sprott is right, the miners are wrong. Thank you.
blackswanflea 1 month ago in playlist 11_current
Instead of holding the majority of their treasury in cash Sprott suggested the miners put a portion of that cash in silver. This may be the only way the paper market price will be broken. I see nothing wrong with that.
tinslatee 1 month ago
if i buy a contract and have to take delivery upon maturity or sell and have to deliver on maturity is that a paper market? it's traded like that so we dont have to ship physical silver all day everyday.
xscentless 1 month ago
This has been flagged as spam show
Sprott, Casey, Rickards, Turk, Sinclair, etc...can speak forever.
READ CLOSELY TO WHAT CHRIS POWELL OF GATA HAD TO SAY A FEW DAYS AGO.
"......and as long as investors are ready to accept paper gold rather than real metal, the gold price can be suppressed forever." Chris Powell GATA, from Jan.13.2012 article.
THE BIG BOYS (INVESTMENT BANKS) WILL ALWAYS WANT TO TRADE IN PAPER, UNTIL THEY CAN'T ANY MORE. DON'T UNDERESTIMATE HOW LONG THEY CAN KEEP THIS GOING FOR.
THIS.IS.THE.BOTTOM.LINE.
mark7996 1 month ago
@EconomicsCafe
The investors comprehend to a greater extent the PAPER silver market.
The miners comprehend supply and demand of the PHYSICAL market, to a greater extent.
Generalizing the silver market today, is for those who are not investing or mining.
143DREWID 1 month ago
OIl Cartel vs Military engagement... your choice.
143DREWID 1 month ago
and what about the naked longs is that manipulation too? there is no manipulation just buying and selling, get a grip
xscentless 1 month ago
you dont work toward gold and silver as a free market money by forming cartels. boo on sprot! hes being a dollar chaser.
puttinaway 1 month ago
great video, good info
WhackTheWax 1 month ago
As the silver market is being artificially manipulated by highly leveraged naked shorts, and as the COMEX is artificially manipulating the margin requirements to flush out silver investors, and as the courts are turning a blind eye because it props up fiat currencies like the US dollar, then what other option is left but a cartel to stop the silver manipulation and let the market establish a far less volatile price?
penguinistas 1 month ago
@penguinistas
By not listening to the underlings here arguing two wrongs do not make a right, and finger pointing self righteously.
Feed them more dollars and they will come.
143DREWID 1 month ago
In a norrnal market it is bad to have a kartel
but in a rigged market I think it is a good thing to have a kartel
to break the manipulators!!1
ruurdruurd 1 month ago
alot of people who are against the bankers and such are not righteous they are just pissed they cannot be as greedy as the bankers can be.
Danster82 1 month ago
Embrace "volatility"- the higher the peak, the lower the trough- you begin to sense what is high after a mistake or two. Pray for the big dip. The mother of all dips. Diplodocus.
hozayamz 1 month ago
He is desperate now. He has been wrong time after time.
YouAreNotFree1 1 month ago
I like Mr. Sprott.
beerandgolf68 1 month ago
IMHO: Eric Sprott is just a salesman, talking his book, trying to find some suckers.
Either he's really small minded, or trying to lie to people, because: SCARCITY OR RATIOS HAVE NOTHING TO DO WITH PRICES.
If PM buyers have not understood that yet, look at the scarcity and ratios of platinum, palladium, rodium, copper etc.
GermanInvestor 1 month ago
@GermanInvestor Well said!
lizadfuel 1 month ago
don't most miners sell their silver that's already bought and just get a set amount per oz over spot? if that's true then most don't really get an advantage when the price jumps.
pdxeddie1111 1 month ago
He's only calling for a cartel because he's bigtime LOOONG silver.
WizardKing78 1 month ago
How's this, lets get the top 20 Youtube silver guys and lets go buy a mining company itself, there are plenty of them. Lets do it :-)
charlesfuchs 1 month ago
Comex or Silver Cartel? Which one would you trust more?
I'd rather chose the silver cartel.
MrVocalBaby 1 month ago
Sprott's talking out his ass now. I don't care how long he's been in the business. A Cartel is NOT the answer to manipulation: hedging and JAIL FOR FRAUDSTERS is.
I can safely ignore Sprott while paying attention to Rickards, Faber, Turk, Sinclair & watching the price-action & news myself.
ytgv3fc7 1 month ago
@ytgv3fc7
The ironic thing is cartels MANIPULATE the price. The very same thing he accuses 'them' of doing.
What an idiot he is. Nothing but pandering to the Silver extremists.
YouAreNotFree1 1 month ago
@ytgv3fc7 Thumbs up!
lizadfuel 1 month ago
@chocomal Try this, Go 1 month without using anything in your before mentioned list. and then go 1 month without using any oil. I agree with your comments about helium oil and silver from another post.
kmacksurf1 1 month ago
@vinmorin we will all wise up.
kmacksurf1 1 month ago
Hey Joe, Who's the hot chick next to ya. Don't let Jackie O find out ;)
stepaukob 1 month ago
something needs to get hold of this from JP Morgan et al...there already IS a cartel...I'd rather have it in the hands of the miners than the bottom feeders on wall street
preparadox 1 month ago
What news sources are your favorite, when you wake up what site do you pull up?
CollectingSilver 1 month ago
Just because you are a large miner, doesn't mean you have a good grasp on what is going on. When did Barak gold finally take their hedge off? 1500? There aren't many individual silver miners who have more to gain or lose than sprott. We should pay more attention to him. It wasn't a miner that cornered the market, but a couple of brothers.
deanmat 1 month ago
sprotts in it for his own reasons no one knows his game plan only sprott does
rolficus 1 month ago
I don't trust Sprott anymore. He pumped up silver in april getting everyone to buy suggesting that the price was going higher and higher, only to sell is loot :(
Romulan112 1 month ago
@Romulan112
Oh.... yes.... NOT.
Sprott bought PHYSICAL and the price went up.
Who forced the market downward with PAPER?
Not Sprott.
Trust nobody, not even the "Possession is 9/10ths of the Law" anymore after NDAA was passed.
143DREWID 1 month ago
Wow... a duel ending qoute. Joe: Thanks for watching Jackio: Hope you learned something. Now that's a great team!
Bulliondon 1 month ago
Who cares. Just keep stacking!!
lowpross11 1 month ago
Me wants silver cartel...
fursatali 1 month ago
@fursatali no u dont. you want a free market, trust me.
TruthOverFacts 1 month ago
I wouldn't read too much in to this, the price of oil IS way too low though if you count everything.
Crashbanksbuysilver 1 month ago
@Crashbanksbuysilver Sure..me wants to be free to form me own silver cartel..
fursatali 1 month ago
jackie-o looking lovely tonight.
my instinct tells me eric is talking up his book and possibly encouraging silver miners to move with current developments in the paper market to max revenues (which is natural) and profitable for his fund as he owns a lot of the shiny stuff.
ilovejimrogers 1 month ago
But isn't anyone involved in Silver always on the moral high ground? Poor confused metal bugs... lol
waldentree 1 month ago
Great video! And Jackie-O was almost Incognito with the hat & glasses. :)
grassburner 1 month ago
I question most everything as well, especially in regards to these markets in the short term. Many of these people within this market are more than likely f'n crooks, but who knows. It really doesn't matter for those that are in it for the long haul.
slhines7 1 month ago
I think the miners don't understand all the corruption that happens behind their backs. You can be the best at mining gold and silver but that doesn't make you the best salesman. And as a salesman, you are aware of what price is reasonable and what the supply & demand numbers look like. The higher the demand, the higher you can bring your price until you see people going else where, that's a sign that you need to bring your price down a little.
vinmorin 1 month ago
So in other words....
He wants to "own the usage" of Gold/Silver. Just like the Feds do with Dollars. They have a 'monopoly' on the usage of the dollar.
Tanarus20 1 month ago
Now I am more confused. You are making it sound like the people who go down into the mines, physically mining the metals are the ones who "understand" silver. I know a lot of people in northern Alberta who physically extract the oil from the tar sands who know absolutely nothing about the oil market. These are not mom and pop operations. The tool pushers are not controlling the price nor do they care what the price is. They only want to work their job.
nanabijou62 1 month ago
I think you're right to be suspicious
pdxeddie1111 1 month ago
I personnally think a cartel would be of great benefit to the miners, Just look at De Beers and the control of the diamond industry .They have such a control over diamond prices that even the fact that diamonds can be man made the prices have been relatively kept high although they have come down recently .Silver unlike diamonds can not be man made and having an organization that could control prices outside the market would be great for them .The prices are already manipulated against them .
TheCristo68 1 month ago
you would like a cartel if you owned a ton of silver otherwise you wouldn't...depends on what side you are on.
crank454 1 month ago
You stutter a lot less when JackieO is next to you
JP5466 1 month ago
The silver producers should unite, plain and simple!! It's one thing to spike a price, but it's another thing being so manipulated as it is!!!
kcrone1 1 month ago
This has been flagged as spam show
Romney, say it isn't so. thumbs up to get word out.watch?v=QCf4I-rWhxc
stealinator 1 month ago
i sold mine @ 35.90 player
revolutionist14 1 month ago
ron paul 2012!! end financial and military aid to israel!!
revolutionist14 1 month ago
This has been flagged as spam show
Collusion to set prices is illegal in the USA. Miners would be leery to get involved.
tuubydude 1 month ago
YEAH! ERIC!
kroovyandcal 1 month ago
Joe,
Ted Butler has questions for some time, why silver miners haven't united and refused to sell their silver so cheaply. Jim Sinclair had the best idea I've heard for miners. Offer a large dividend, optionally payable in metal coins, difficlt to obtain. That would require the shorts to pay the dividend in the coins, and also eliminate the long metal short miners hedges, since the coins reqire a metal purchase. This won't raise the prices of the metals, only the price of the beaten down stocks
TSOS20 1 month ago in playlist Uploaded videos
so is the sex good?
MuseseekerMan 1 month ago
Endeavour Silver is keeping metal off the market
Stokjockey 1 month ago
Our children will suffer greatly because of the low price of oil allowed us to frivolously waste it away.
The same can be said for helium and silver. Any commodity of limited supply that is useful and necessary will be wasted if the price does not reflect the rarity and necessity.
chocomalk 1 month ago
Good looking shack you got there fellas.
bullsnutsoz 1 month ago
I said silver is not NEEDED. Take away oil and whole economies stop. take away silver and we have to read books.
kmacksurf1 1 month ago
@kmacksurf1
You can scratch every computer and most electronic devices including the gas pumps. Say hello to staph infections galore in hospitals, say goodbye to the best water and air purifier and the best antibacterial/antiviral agent there is.
No more 20th century military, jets, tanks, missiles etc. No more ATMs, movies, pictures, cameras. Back to hard copies of everything in triplicate, on paper.
Removal of silver would have a similar effect to removing oil, though oil is more important.
chocomalk 1 month ago
@kmacksurf1 And what do you think will happen to the economie if we are all reading books?
vinmorin 1 month ago
Jackie O . yeah love your input on this one . Ride the wave . Buy and hold silver and gold . Thx Joe .... Bob
boob1019 1 month ago
Artificially low price of silver = premature extinction of the metal?
cpswyl2 1 month ago 2
Uh, Joe do think a silver miner has lines of credit and bank loans?
You don't think a banker may cut them off should they sue JPM. Clearly JPM is not that powerful as to dictate what other banks can do. It's not like all the banks are interconnected with debt and could all collapse or something.
davincij15 1 month ago
@davincij15 lol you're funny man
lilbromarky1 1 month ago
@lilbromarky1
:D
davincij15 1 month ago
I learned Randytooth does get some things right.
AccuracyMarked 1 month ago
@EconomicsCafe Most silver is a byproduct of mining.
disclosurenow9 1 month ago
Silver is not needed by the masses on a daily basis like oil. I don't like anyone having a majority control(manipulation) on any asset. The only reason oil didn't sell off when opec was formed is because we could not be without it and they knew they could set the price accordingly to their maximum gain and our budget.
kmacksurf1 1 month ago
@kmacksurf1 Do you have a television ? It has silver in it.
Do you have a mobile phone ? It has silver in it.
Do you have any electrical equipment ? They have silver in them.
Total fabrication demand grew by 12.8 % to a 10-year high of 878.8 Moz in 2010.
Silver mine production rose by 2.5 % to 735.9 Moz in 2010.
I sourced this from silverinstitute (dot) org.
The COMEX has only 36 Moz available to sell - see harveyorgan (dot) blogspot (dot) com
paulrprichard 1 month ago
Most silver is mined as a byproduct of base metals such as copper.
disclosurenow9 1 month ago
Comment removed
disclosurenow9 1 month ago
@EconomicsCafe you're my knight in shining armour braaaaa
stellaconcepts 1 month ago
Frankly I'm a big fan of the original drug cartels, they know how to pump up demand.
AuAgsuck 1 month ago
@AuAgsuck
Their strategy was to flood the market with cheap high quality drugs, which worked.
That is the same strategy of the PAPER silver contracts, which will fail as supply will not increase as rapidly as demand. The govt. help, paralleling drug cartels govt. assistance, of dumping silver onto market, has run out of supply.
143DREWID 1 month ago
Carbonated chocolate milk!!!!
dannd1000 1 month ago
GapTooth is about to be sued for defamation. He has no proof of anything of what he says. He says that he can trade 50 oz of silver for 1 oz of gold. So, I think someone should take up on his offer.
nsakic 1 month ago
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TheAppreciative1 1 month ago 3
@TheAppreciative1
Endlessly FED Addiction.
pun intended
143DREWID 1 month ago
Randytooth steered you wrong. This isn't a call for a cartel to jack up the price. It's SIMPLY an excellent idea for producers to protect themselves from getting ripped-off by bankers and the markets.
elMONGOreal 1 month ago
I think Sprott just wants to fight fire with fire. I'm ok with that.
PoorManStand 1 month ago 19
BrotherJohnF recently had a really great video on the subject. watch?v=nEFDT4GOJhA - His idea was that all silver producing countries should join together in some type of coalition - to paraphrase.
SilverTemplePIlot 1 month ago
@SilverTemplePIlot talk is cheap
disclosurenow9 1 month ago
eric sprott was partly to blame for the micro-bubble we had in silver. he is a profiteer... and its not a knight in shining armour like a lot of silver bugs make him out to be.
stellaconcepts 1 month ago
@stellaconcepts
Eric Sprott broke the paper vice being clamped upon the paper silver market with PHYSICAL purchases.
The immense number of shorts spewed naked upon the paper market in combat form, ended silvers gains by capturing silver investors money and demand with PAPER.
Knight or not, Sprott is beneficial, for those who choose to hold bullion.
143DREWID 1 month ago
I think you are wrong when you say the miners know the game. They don't. Their task is to produce the metal, sell it, and get their shareholders happy. Sprott understands the game very well and if OPEP was able to break the manipulation then, a silver cartel could do the same today. In the end, however, supply and demand will prevail as long as people get physical.
AGbalz 1 month ago
Jackie, Love the hat!! Happy New Year 2 U Both!
spiritartman 1 month ago
yeehaa
silverjunky999 1 month ago
Great vid! I agree with your opinion!
PontifexMagnanimous 1 month ago
anything to get the control away from jpm.
SHINOBlKAGE 1 month ago
im in.
SHINOBlKAGE 1 month ago