DOES
ANYBODY REALLY THINK SILVER IS GOING TO THE MOON?
by An
Anonymous Silver Investor
December 13, 2004
You’d think a life long silver bug and follower of silver prices like
myself would have learned something by now about the way of the world
and the silver price manipulation carried out since before I was born.
Most of the modern day silver conspiracy theorists are correct
concerning the price suppression. They may be very wrong about how it
will all turn out.
There are powerful forces allied against higher silver prices. They are the bullion banks and multinational corporations that consume silver as a commodity. The bullion banks are allied with governments and their fiat currency issuing central banks. Silver and Gold shines the light of truth on their currency debasement. The Corporations that use silver simply must have it or they will cease operations, as no viable alternative exists for many products and processes. As a silver investor, can you possibly find a stronger enemy alliance to do battle with?
The paper derivatives markets have been invented as a humane way to control prices of essential commodities but the enemy is not above resorting to extreme measures and even war if that becomes necessary. This evil empire has forced entire resource rich nations to live and work in poverty for generations. They have no qualms about starting and funding wars and toppling uncooperative leaders. They have no problem with stomping on the rights of entire nations of poor people while stealing their underground riches. They are certainly not above fleecing investors or taxpayers.
This process can be observed in many commodities from oil to copper but let’s focus on silver because of the looming critical supply shortage. Billions of ounces of above ground silver stocks have been consumed, no stolen by price rigging, from private citizens and public coffers over the last 50 years. Silver was removed from monetary use in the 60’s to keep prices down. In the 70’s a grand new futures market scheme was developed to control prices and fleece investors and producers. Today the available supply of silver has dwindled to alarming levels while outstanding paper short sales have grown to many, many times supply. Silver consumption has exceeded production for years and the shortfall gets worse every year. More naked short contracts than can possibly be covered have been written and continue to be written as investors cry out to authorities to stop the fraud and deliver justice. Just as the impoverished nations of the world call for justice and get none, our pleas also fall on deaf ears. Such is the greed and hubris of these forces.
Silver investors, market pundits and newsletter writers say the end is near. The game of price manipulation is almost over. The free market will take over and the manipulators will get theirs. Silver will skyrocket and the shorts will be crucified. Oh yeah? Try this scenario. What if the commercial shorts pile even more short positions on and push the silver price even lower? Like what is going on right now? Then suddenly all available silver disappears out of the CRIMEX warehouses almost overnight. Silver closes in NY on a Friday and never reopens on Monday. Without a pricing mechanism all contracts are settled at that low price. The government is petitioned to impose emergency controls on physical supplies in the name of national defense. Mines are soft nationalized and told how much they can charge for the silver they mine. Dealers can only sell to the smelters. The silver game is over in the USA and likely much of the world, where US power can be projected or totalitarian states exist. As the shortage progresses hoarders will be demonized or worse, made criminals, terrorists under the new “Patriot act” What a perverse and ironic name. What a nation of sheep we have become. Does all this sound far fetched? Examine history, if it hasn’t been rewritten yet.
© 2004 Anonymous Silver Investor
The opinions of FSU contributors do not necessarily reflect those of Financial Sense.
