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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (48894)	3/22/2002 4:37:07 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 65232

ElvanMan, tough silver questions... here are thoughts just between the coin alternatives, I think numismatics win junk coins will be dominated in price purely by physical silver but collector item coins will have other broad demand and related limited supply I could be wrong, if you are talking about quality old silver coins in decent shape, even with heavy mintage numbers, like Washington Quarters and Liberty Halves and Franklin Halves with readable dates and faces with so much meltdown, even these loose bags will be worth tons over time accidentally some collector coins will be lost thru meltdown simple rough junk silver coins cannot be worth more than silver bars, which is simple physical silver (you just know we have a govt conjob blowjob handjob when old coins are melted to be worth more than new coins) I like Morgan Silver Dollars, any and all esp like the Morgan Silver Dollar "O" series that is the 3 years from New Orleans mint that burned down (I have that set, way cool) I read that the US Morgans are the most widely traded and popular coins on earth today Morgans generally are solid, tradeable, liquid, brisk market even the newer Liberty Silver Dollars are great I imagine the 2001 Liberties will be special, like the ones recovered from bottom of the WorldTradeBldg collapse I still have the offer on my desk the general idea is to find maximum demand and minimum supply tradeable Morgans fill the bill I have Morgans and I have loose old Liberty Half Dollars but the collector items have added value in my opinion just for the record, I'd like to mention the alternatives silver mining shares are somewhat leveraged off the production cost differential, rather than silver price e.g. I read from expert that if gold hits $350, then Newmont Gold (NEM) should double to 50/share shares are not subject to confiscation by fascist govt officials in search of new devious methods to control real money silver mining shares with mines out of the USA are even safer, since they cannot be cordoned off by fascist govts (I expect it will come to this, as silver will be deemed a national security metal) margined silver mining shares offer more leverage still but there will be an attempt someday soon to corner silver a next-to-last stage will be to rip silver from weak hands and margined shares owners will be pressured to sell out call options in silver mining shares offer even more leverage but timing is essential here, and this game could drag out the most paradoxical events will occur in futures contracts those who own long silver futures contracts will be holding potential worthless paper when the game explodes !!! because no silver supplies will be available for delivery and defaults will become widespread no buyers for expiring long contracts, since cannot deliver THIS IS WHERE THE WALL STREET JOURNAL HOPS ON THE WAGON physical silver explodes, supplies disappear, delivery defaults, futures contracts expire worthless wow, what a scandal, and this is what I expect to happen why? because paper silver is filling the physical silver gap this futures scandal will ferret out the govt manipulators and their cadre of collaborators at JPMorgan and Citibank but year-out silver futures contracts might win big if supplies come on line soon enough to win delivery I have read about colossal silver supply shut down in 2001 many mines are temporarily shut down, due to low silver price Apex for instance has zero production, but great mines year-out silver futures option contracts might win biggest of all but again the timing and delivery issues are haunting here too I like unmargined silver mining shares real simple, sit and wait, no pressure US Treasury money is shit 5000 years of money cannot be repealed by fiat real money and real power come from mines ask the Greeks and Persians who fought over silver mines do you really think Rome couldve been built with paper currency? why is the United States of America different? if Americans held the entire debt, I would think somewhat differently I want to own the silver mines screw the gold mines, who cares? it aint consumed and Bolivia is where the silver mines are last I checked, Bolivia is nearby to Bmiji and Fiji and Ryuku somewhere / jim