Bix Weir has been pushing for people to buy at least one ounce of silver on Wednesday, May 1, 2013. The idea is to break the power of the big banks who have been cooperating with the Federal Reserve Bank to manipulate the price of silver and gold. JP Morgan is already in panic mode, because their latest plot has backfired dramatically.
Instead of causing people to panic and sell their silver and gold, they have created a feeding frenzy as buyers have come out in droves. Bix Weir writes this:
This is just a note to tell you that either way “they” force the price of silver from this point there will be massive physical silver (and gold) buying around the world. If they force the price below $20 even though premiums will spike higher all retail physical silver that’s left will be gobbled up. If they let the price rise buyers who are trying to time the bottom will panic to buy at any price thinking the bottom is in and all retail physical silver will be gobbled up.
Either way the price goes, up or down, more retail physical buyers will jump in to try to get their hands on physical silver!
NOTE: If you are a gold bug and expect physical gold to run out before physical silver, then just think about the ramifications of all those mega-money gold buyers not being able to source physical gold. Where will all that money go?
INTO PHYSICAL SILVER OBVIOUSLY!!!
Last December, the Newtown, CT school incident was supposed to cause everyone to demand more gun control and beat down the opposition from the National Rifle Association. What happened? The NRA membership went through the roof, and gun sales skyrocketed. Ammunition is very hard to buy, because of the shortage. In other words, the effect was the opposite of what was intended. One article tells us:
Gun shops all over the nation are reporting that they have never seen it this bad, and in many cases any ammo that they are able to get is being sold even before it hits the shelves….
Meanwhile, the takedown of paper gold and silver has unleashed an avalanche of “panic buying” of physical gold and physical silver all over the planet. In the United States, some dealers are charging premiums of more than 25 percent over the spot price for gold and silver and they are getting it. People are paying these prices even though they are being told that delivery will not happen for a month or two in many cases. Some dealers are feverishly taking as many orders as they can, and they are just hoping that they will be able to get the physical gold and silver to eventually fill those orders. Personally, I have never seen anything like this. If things are this tight now, what is going to happen when the next major financial crisis strikes and people really begin to panic?
And now the metal manipulators have tried to force down the price of silver and gold in order to make Fed notes look better. What was the result? The very opposite. The only ones who got burned were the speculators who had tried to play the game without realizing that the game was rigged. Many of them are just now realizing that their problem was in taking the official reports about a “glut of silver” too seriously, not knowing that those reports were designed to fleece the speculators themselves.
The speculators got fleeced, because they were trading in paper, not in real silver or gold. But at the same time, people went out and bought up all the real silver and gold that was available from the dealers, and now there is such a shortage that people have to wait weeks or months to get any orders filled. And there is no guarantee that those orders will ever be filled.
Right now, the metal manipulators are in a very precarious position. There is no way that they can continue to slam down the price of gold and silver, when there is such a shortage of the real stuff. Too many people are now waking up to the disconnect between paper prices and what you have to pay to get the real deal.
At no time in recent history have so many people awakened to this discrepancy. Even many dealers and so-called experts have been taken by surprise. That includes the coin shop dealer that I have known for twelve years. He has been a disbeliever ever since I have known him, but he was happy to sell me some silver, back when the prices were $5/oz. Now that his suppliers have no silver IN ANY FORM, he is fast becoming a believer.
So May 1, 2013 is National Silver Shortage Day. It is the opportunity for all of us “little people” to vote against JP Morgan and force them to stop shorting the market. If enough people buy even one ounce of silver, JP Morgan will no longer exist in its present form.
Couldn’t happen to a nicer bunch of people.