“If hoping does you any good, hope on.” says an unknown person 1764. We all know, or at least should know, that the COMEX has maybe a third of the silver is has futures contracts for, and that this is actually a crime. It is called a “naked trade,” if one sells, buys, or does anything with something they don’t have, and the COMEX has been doing this for years. The latest idea is for everyone to order physical delivery of their futures contracts. Theoretically, this will cause the COMEX to not have enough physical on hand, be forced to buy it to fulfill the contracts, and thereby make the price of silver go to the heavens. Nice idea, but could it work?
It won’t work. Silver will go up anyway. Why won’t it work? Because there are tens of thousands of silver futures contracts, and even if there are 500 who decide to buy a futures contract and take delivery, it would be a needle in a haystack, regardless of what Sinclair says. We can hope, but it’s a shallow one. We can hope the Supremes will rule that since Obama can’t prove his citizenship, they will rule that he can’t take office, but that hope, like that the COMEX will have to cough up, is not going to happen.
We hoped that Ron Paul would sweep the nation with his logic, faith, conservatism, and history, but it didn’t happen. We hope all sorts of things, and the internet is rife with various schemes and sundry notions of wonderful things that could happen, but won’t. “Hope springs eternal in the human heart.” Meanwhile, the Congress is deciding which businesses will survive, and which will fail. As if they have even a vague, foggy, notion of business or economics. They’re merely agents provocateurs, who daily demonstrate their total incompetence and inability to think out even the most basic of problems, which are mistakenly given them to solve. If there are terrorists in the land, surely they will not harm the nincompoops in Congress, or others of the D.C. Gang, as they are daily doing as much damage to America, as any terrorist could conceive of, even under the wildest of mind altering drugs.
The one thing we can not only hope for, but be readily assured of, is that history does indeed repeat itself, and is doing so now, with alarming rapidity. Printing money, is all they know. Printing money, is their only solution. Printing money, is re-arranging deck chairs on the Titanic. Re-arranging the output of the printing presses, is the D.C. Gang’s solution to the catastrophic depression, which is merely at the beginning of its ultimate, dark end. Most smart people believe that the end of this continuing economic disaster, will equal or be worse the the ’great depression,’ which then, as now, was caused by the Federal Reserve’s flooding the nation with easy money. I hope not, and we all hope not, but could this hope be translated into results? Probably not, any more than we can ’hope’ the COMEX has to cough up more silver than it owns.
One pretty accurate wag, says that December 19th, is the last date that the current low prices of gold and silver will exist, and from then on, it’s a graph line upwards. I believe him, and have wondered how these prices have lasted as long as they have. Real, historic, money, in the form of gold and silver, cannot be kept low in government issued scrip forever, regardless of the manipulators. If you have an exhaustive concordance of the Bible, look up ’gold’ and ’silver,’ and see how many hundreds of times these words are used. As I said, they are historic, and of course, Biblical money. The worry is that so few realize the stupidity of saving in government scrip. Treasury notes now command a zero percent interest rate. You loan them a thousand bucks, and they give you a thousand back. Neat, huh? The last time this situation existed was 1939, in the midst of that ’great depression.’ Had you bought gold a couple of weeks ago, and even sold it back at the bid price today, you would have made an easy 5%. Protect yourself!