Silver investors call to arms!

[Original_Intent]

Comments on the CFTC site have gone from 80 to over 600 in the last 24 hours!

http://www.roadtoroota.com/public/533.cfm

I'd encourage anyone who wants the price manipulation to end to participate. My understanding is the CFTC wants to implement this, but cannot do so without strong public support.

 

[Yieu]

Would this result in the price of silver going up or down?

 

[Original_Intent]

Would this result in the price of silver going up or down?

Is the current manipulation to support a high price or to depress the price?

 

[Yieu]

Is the current manipulation to support a high price or to depress the price?

That's what I thought. A soaring price in silver would not help people... it would only make it harder for them to get out of the depression because it would be harder to afford.

 

[Original_Intent]

So, you support manipulation to keep the price down rather than letting the market decide?

 

[ctiger2]

Would this result in the price of silver going up or down?

You should want the price to plummet to $5/oz so you can buy more.

 

[Yieu]

So, you support manipulation to keep the price down rather than letting the market decide?

That's not what I said or meant at all. I don't want price manipulation, but silver is supposed to be the affordable alternative to gold. That's not an argument for manipulation, just lamenting that if silver rises too high, it could hurt more than help.

You should want the price to plummet to $5/oz so you can buy more.

My point.

 

[Bruno]

You should want the price to plummet to $5/oz so you can buy more.

laughter of your avatar is completely appropriate for that response! Lol.

I would love to get in on some more silver at sub-$15 prices!

 

[Dr.3D]

Well, sooner of later, the price has to go back to where it should be if there was no manipulation. I'm waiting for that to happen. Silver is still dirt cheap and anybody who wants to get on board with it can, before the manipulation ceases.

 

[cbc58]

all this talk about silver just being a hedge against inflation is garbage. everyone who has it wants it to go up -- in essense they are saying they want the value of their dollars to go down.

 

[Dr.3D]

all this talk about silver just being a hedge against inflation is garbage. everyone who has it wants it to go up -- in essense they are saying they want the value of their dollars to go down.

If the price of silver has been manipulated down, the value of the dollar wouldn't have to drop for silver to return to it's non-manipulated price. If it makes the value of the dollar look bad, that's too damned bad.

 

[devil21]

Ill comment and sign after I have all the silver I need

 

[pmbug]

all this talk about silver just being a hedge against inflation is garbage. everyone who has it wants it to go up -- in essense they are saying they want the value of their dollars to go down.

Honesty in the silver market exposes the dollar for what it is and signals the true measure of the Fed's debasement of such. Wanting silver to rise to a true market valuation, for me, is just a desire to see silver regain it's historical role as real money. As a store of wealth that can be saved safely, it offers poor people who work hard the opportunity to save and escape the bonds of economic serfdom.

 

[Yieu]

it offers poor people who work hard the opportunity to save and escape the bonds of economic serfdom.

Not if they can't afford it.

 

[pmbug]

Not if they can't afford it.

A Pre-'65 dime contains 0.07233917985 ounces of silver. If silver went to $500/oz, a pre-'65 dime would be worth $36.17. Pretty much anyone with an income stream can afford to invest and save with silver - even if the price corrects to an honest market valuation.

 

[japes]

I'm amazed that some of you guys on this thread would seem to prefer manipulation over honest valuation of silver. This is a no-brainer. if you truly support a free market you have to let the price go where it goes without manipulating it. The people manipulating (and profiting from) silver prices are stealing from others. This is exactly what the Fed does with FRN's (and we all hate). The Fed manipulates our currency and steals from us in the process. Large banks (and probably the Fed also) manipulate the price of silver and steal from us in the process. With all due respect, wake up folks!

 

[Yieu]

I'm amazed that some of you guys on this thread would seem to prefer manipulation over honest valuation of silver.

I would assume you are referring to me, and I already said I am against manipulation. I just believe the price booming up would make it harder to invest, that's all. That is not an argument for manipulation. It is just lamenting that the real value would be much less affordable.

 

[japes]

I would assume you are referring to me, and I already said I am against manipulation. I just believe the price booming up would make it harder to invest, that's all. That is not an argument for manipulation. It is just lamenting that the real value would be much less affordable.

The price may or may not go up. Nobody can know for sure. Keep in mind that manipulating any market will cause things to cost more in the long run. I certainly understand your sentiments but we have to focus on the big picture and do everything we can to keep all banking honest. This is the only way any of us will be able to afford anything.

If, as many people think, the manipulation of the silver markets is on the verge of tipping over you have a great opportunity still. If you can afford to buy fast food, you can afford some silver. It's still inexpensive. Any local coin shop will have silver nickels, dimes, and quarters (as Bern also mentioned). I can't afford huge quantities either but I try to buy one or two silver dollars at a time. If you discipline yourself it really adds up after a while.

 

[Live_Free_Or_Die]

What is the concept of manipulation being thrown around in this thread?

If some people decide to work together and acquire silver for a specific end is that price manipulation? Or is it only "manipulation" if certain people do it?

 

[Dr.3D]

What is the concept of manipulation being thrown around in this thread?

If some people decide to work together and acquire silver for a specific end is that price manipulation? Or is it only "manipulation" if certain people do it?

It isn't certain people we believe to be involved in the manipulation. It's those banks that buy huge short positions and then dump them, I believe people are talking about.