Do Not Underestimate Silver’s True Value

Silver looks like it has been in holding pattern for months.  Traders call this range bound.  There is plenty of evidence out there to make a strong case that silver prices are being manipulated and suppressed.  The suppression game can’t go on forever, and many say it will end sooner than later.  When that happens prices are going higher, much higher.  Chris Duane from TheGreatestTruthNeverTold.com has a new video out called “Silver in Perspective.”  It is well worth taking the time to watch.—Greg Hunter–

Comments
  1. Davis

    I posted this just a year ago.

    My Silver Dreams of Cheap Gas and Bread and Circuses

    So now we have a new distraction to keep our attention focused away from the pickpockets of Wall Street. Our military and intelligence teams that made it possible to bring Osama Bin Laden to his just reward deserve all the congratulations and praise for a job well done, that are coming their way. But in the long term it will not change the ongoing deterioration of either our economy or the overall foolishness of thinking that fiat currency has any real value just because Uncle Ben Bernanke and Tiny Tim Geitner say so.

    Look at it this way.
    In 1964 gasoline was $0.25 a gallon, today its $4.00 a gallon.

    In 1964 LBJ removed all silver from American coinage and recalled all Silver Certificate currency bills.

    Today a 1964 90% silver quarter ($0.25) has a melt value of $8.00.

    In 1964 a 16 gallon tank could be filled for $4.00.

    Today a 16 gallon tank costs $64.00.

    BUT if we were still using silver coinage and Silver Certificates that $0.25 face value quarter would buy you 2 gallons of gasoline and you could fill your 16 gallon tank for only $2.00!

    So before you go complaining about the oil companies and speculators “ripping you off,” ask yourself a couple of questions:

    1. Was it the oil companies or the politicians and the bankers who put us this road to fiat currency ruin by taking us off the silver standard?

    2. Was it oil companies or the politicians and bankers who sold off ALL of our nations silver reserves?

    3. How is it that as the politicians keep getting those fat campaign contributions and the bankers on Wall Street keep getting those fat yearend bonuses checks, you get up every morning and worry about how much gas and food have gone up and will you have a job next week.

    But hey we do have your bread and circuses! Osama Bin Laden is dead, the dollar may take a dead cat bounce off of the .73 level for a few days, so all is well, right? After all its NBA and NHL playoff season, Baseball is just getting started, so we can get lost in that for awhile. At least until the cable company comes along and pulls the plug because your unemployment ran out.

    • Brian

      You fail to understand that you would be paid the silver equivalent as well. So divide your current salary by 32 (your 25 cent silver quarter that is now worth 8 bucks) and you have your “new” salary. Doesn’t seem like such a great thing anymore does it? And now that the money supply is restricted by the silver standard its a lot harder to take out a loan to buy a house, or start a business. In fact it doesnt make sense to start a business since deflation is causing real goods a services to depreciate. What is the point of starting a store when the items you carry immediately start depreciating in value? See where I am going with this?

  2. jay

    Greg.
    The guy at the local store wants to sell me 20.00 in silver coins for a 1/4 Oz gold. should i do it ? seeing just last weak the perdiction for gold was 12,500.00 an oz by 2015.
    my piont is hold it..just hold it all. silver and gold.

    • Greg

      Jay,
      I’d keep the gold and buy the silver at spot with your paper money. You need to add ounces not exchange them.
      Greg

  3. George Too

    Greg,
    Thanks for putting this out there. it is something to ponder. The only issue i have with Chris’ video is he believes that if I loan silver, I should not be allowed to collect interest. Only an idiot loans anything for free as there is always a risk of loss. I have heard others say that usury, or interest on loaned money, is evil. In my opinion, Chris’ position in this is untenable.

    • Silver Shield

      Usury should be abolished as it gives rise to a parasitic class and is essentially charging twice for the same product.

      We should not have debt but equity.

      If you invest for a stake of the business you are providing capital to then you should have a stake in the outcome.

      Predatory lenders that have no care about the outcome and create the money out of thin air are a scourge to humanity.

      Only in the opposite consciousness will the answer lie.

  4. Troy

    Silver is the real American dollar.

    Nuff said

  5. Troy

    1.
    Goldman Sachs 2012 Caught Manipulating Oil Prices – Evil Is …
    http://www.realistnews.net/Thread-goldman-sachs-2012-caught-manipulati…Cached
    You +1’d this publicly. Undo
    April 10, 2012 Goldman Sachs Gets Lousy £25000 Fine For Manipulating Oil Prices In … gets a measly £25000 fine after getting caught manipulating oil prices.
    2.
    And Now … Goldman Sachs Caught Manipulating Aluminum Prices …
    http://www.infiniteunknown.net/…/and-now-goldman-sachs-caught-manip…Cached
    You +1’d this publicly. Undo
    Jul 31, 2011 – Goldman Sachs Caught Manipulating Aluminum Prices, Stockpiles About 25% Of Global Inventories In Warehouses · Economy, Global News …
    3.
    Ex-Goldman trader blows whistle on silver and gold manipulation by …
    http://www.nypost.com/…/metal_are_in_the_pits_2arTlGNbMK7mb1uJeV…Cached – Similar
    You +1’d this publicly. Undo
    Apr 11, 2010 – Trader blows whistle on gold & silver price manipulation … the prices of gold and silver, according to a former Goldman Sachs trader working at …
    4.
    Gold Manipulation OFFICIALLY CONFIRMED – Market Skeptics
    http://www.marketskeptics.com/…/gold-manipulation-officially-confirmed….Cached – Similar
    You +1’d this publicly. Undo
    Apr 5, 2010 – In November 2009, Andrew Maguire, a former Goldman Sachs silver … Now that this information about silver price manipulation and about the ….. JP Morgan Chase Caught Manipulating Gold & Silver Market — Firedog Lake …
    5.
    Goldman Sachs Chief Gold Trader Talks Openly of Gold Price …
    http://www.caseyresearch.com/…/goldman-sachs-chief-gold-trader-talks-op…Cached
    You +1’d this publicly. Undo
    Sep 9, 2011 – One of the ‘Masters’ of the Universe Gets a Market Manipulation Question on … Goldman Sachs Chief Gold Trader Talks Openly of Gold Price Manipulation … Then, around 2:00 p.m. in electronic trading, gold caught another …
    6.
    The Truth About The Power Of Goldman Sachs
    civiliansnews.com/2012/04/10/goldman-sachs/Cached
    You +1’d this publicly. Undo
    Apr 10, 2012 – For those of you who remain unaware, Goldman Sachs is one of the worlds largest … politicians, Goldman Sachs was caught not only manipulating mortgage rates, … Often Goldman Sachs executives have “flown away on a golden … position where they could single handedly manipulate the price of goods!
    7.
    News Headlines: Gold Gang Bangers
    http://www.helpfreetheearth.com/news152_money.htmlCached
    You +1’d this publicly. Undo
    Goldman Sachs (Rothschild’s) is “bullish” on gold predicting a rise to $1300 an … They manipulate the price of gold just like they manipulate the stock market. … all sales or trades involving gold illegal, with drastic punishments for those caught.
    8.
    Market Manipulation :: The Market Oracle :: Financial Markets …
    http://www.marketoracle.co.uk/Category53-All.htmlCached – Similar
    You +1’d this publicly. Undo
    Investor Gold and Silver Opportunity in Veiled Price Suppression Realities – 14th ….. Warren Buffett’s would-be replacement got his hand caught in the cookie jar. ….. Guilty of Market Manipulation CEO of IKB Bank, Did Goldman Sachs Commit …
    9.
    Investment Rarities Silver & Gold Coin Blog
    silverandgoldcoinblog.com/Cached
    You +1’d this publicly. Undo
    SafeHaven/SGT Report: Gold and silver manipulation and how they do it; Manipulation against the primary ….. Trader Dan/CNBC: Goldman Sachs issues “buy” on gold; says price ‘too low’ … Jesse’s Café Américain: Who captured the Fed?
    Get more results from the past 24 hours
    10.
    GATA: The Russians And Chinese Know What We … – Gold Speculator
    http://www.gold-speculator.com › GS Database › Editor’s PicksCached
    You +1’d this publicly. Undo
    Feb 29, 2012 – While The Gold Cartel’s initial ringleader, Goldman Sachs, disappeared from the …. who insists that central banks have no interest whatsoever in manipulating the gold price. …. It is the end quote I append that caught my eye: …

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    • Greg

      Thank you Troy for the comment and content.
      Greg

  6. Robert E. Salt

    Anyone buying gold or silver better make sure they take possession of it rather than let “reputable” companies hold it for them.

  7. Lulu

    At this point, where and how is best way to purchase silver? I’m sure the market is saturated with scams. Can anyone give me some direction?

    • Greg

      Lulu,
      I wrote a “how to” post because I get constant questions about this subject. I do not sell gold or silver so I do not have a dog in the fight. Here’s the link:http://usawatchdog.com/how-to-buy-gold-and-silver/ You can also find this on the site below my picture. It is a rectangular black bock titled “Learn how to buy gold and silver.” I hope this helps you. Please let me know if you have additional questions.
      Greg

      By the way, At this point I would find a local shop and buy what I needed even if it involves a state sales tax. Just my opinion.

  8. Pieter

    Hi Greg,

    just a few tips you can buy the best silver in Hong Kong or Singapore simply becuase they don,t charge any Vat. And always good to have your assets out of the reach of the always hungry and thirsty for money Mr Unlce Sam, just simple store your wealth overseas and you can relaxt and sit back and watch this pyramide ponzi scheme unfolding .

    regards

    Pieter better known as flying dutchman

  9. Tom

    After researching silver a little further the most apparent thing I found was there is no way of knowing how much silver there is, either above ground or below the surface. I believe when this chap says there is only 1 billion ounces, he is referring to investment grade bullion. But even that figure is questionable. I have read that just the silver used in US coins since 1900 is somewhere around 4 billion ounces. Also, there is much silver in the ground and as prices rise it become more profitable to mine this. Nevertheless, even if you would assume that there is 10+ billion ounces, the current market value of that silver is so very small in comparison to the value of the paper floating around the world.

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