Crash JP Morgan

[Joanne98]

Run time: 02:01 https://www.youtube.com/watch?v=OrzQXH_ta5g   Posted on YouTube: November 27, 2010 By YouTube Member: eurogoldexchange Views on YouTube: 311   Posted on DU: November 27, 2010 By DU Member: Joanne98 Views on DU: 1208

 

If you haven't heard there's a rumor the JP Morgan chase has tons on money on the line shorting silver.
http://seekingalpha.com/article/238802-will-buying-silver-crash-jp-morgan

So there's a "Crash JP movement" That's what this vid is about.

Anyway.. It's a REALLY COOL VIDEO!

[Xipe Totec]

1. Cui bono?

(Literally "as a benefit to whom?", a double dative construction) is a Latin adage that is used either to suggest a hidden motive or to indicate that the party responsible for something may not be who it appears at first to be.

http://en.wikipedia.org/wiki/Cui_bono

[Joanne98]

2. Why does wanting to crash one of the biggest blood suckers in the world

Have to have a hidden motive?

How about just for FUN!

[Xipe Totec]

3. Fun? Really?

Are you serious?

You want me to put my money at risk for "fun"?

Who benefits?

Who's trying to unload silver, again?

Who's unwitting dupe might you be?

Think about it.

[Joanne98]

4. I don't think you get it.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x526259

[Pharaoh]

5. How and where

are the best ways to buy a few ounces of silver?

[Xipe Totec]

6. I can sell you some.

I still have them from when the Hunt brother's tried to corner the market in 1980.

I can let you have them for $15 an ounce.

http://www.gold-eagle.com/editorials_05/dyson012805.html

[Paper Roses]

9. Your link made interesting reading. You should be able to sell that

silver on the market right now at about or above $15.00 a troy oz. couldn't you. Have you called reputable jewelers?

What have you, ingots? coins, tableware?

The London Fix right now is about $27-28.00 oz troy. In fact, considering silver .925 to 99.9% pure you should be able to make a profit.

Keeping in mind that whoever you sell it to will have refining expenses and still want to make a profit, you should still make out OK. Heck, if I had the money, I'd buy it at $15.00.

During the Hunt brothers fiasco we bought and resold silver and made a few dollars. It is so risky. Two days after we sold what we had as junk silver(not ingots), the whole thing crashed. We felt lucky to have bailed out. We could have ended up with a good size carton of suddenly worthless junk. We got $32.00 an ounce from a very reputable jeweler, I hope they got rid of it quickly. At the time we sold, the market price was about $52.00. Truthfully, we got scared we'd own the stuff forever if something happened---and it did.

Refiners do not do business with the general public, you always have to have a middleman in there somewhere. Made any calls to see who is buying and what they are paying?

[Xipe Totec]

10. I keep those ounces as a reminder

of what a collosal fuck up I made.

If I sold them today at $15 an ounce, I would be selling them at cost after holding them for 30 years.

Think about that. And think about what that investment would be worth if I had bought Apple or Microsoft stock instead.

Heck If I had just put that money in an interest bearing account, I would be ahead today.

[Joanne98]

7. I don't know. Maybe an ETF....

[Xipe Totec]

8. I don't think you do.

Been there, done that, have the scars.

http://www.gold-eagle.com/editorials_05/dyson012805.html

[Joanne98]

13. That's a good point but changing the rules wouldn't work today.

The world markets weren't wired up the way they are now. Just the huge amount of small investors owning ETFs would have a fit and sue the banks for manipulation. Look at the outcry over the flash crash in March.

It would be totally different today. The Hunt brothers were just two people. Millions of ETF owners would be able to stop any backroom deals.

[1monster]

14. Okay, crash J P Morgan and who gets hurt? I've a feeling that it will be

a lot of innocent people who will pay the price. The bigwighoohaws will have made sure that they have a financial safe haven and won't be touched. The banksters and the hedge fund crooks have insured themselves with we the people. Where is Joe and Janet America's coverage?

[Goldstein1984]

11. I already have a bunch of silver coins in the safe

Gold coins, too. Bought back when gold was a little over $400/ounce.

But point to the button that I can push to bring JP Morgan down and I'll push it.

[Joanne98]

12. Good for you Goldstein!

:hi: