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Silver Wheaton Corp. Message Board

goldbug49ers 109 posts  |  Last Activity: Jul 11, 2016 3:31 PM Member since: Jul 9, 2010
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  • We have long had issues with the thinking and policies of Milton Friedman. One of us, in particular, remembers Friedman’s pronouncements that the dollar’s value could be maintained by manipulating the price of gold. Yes. There, we said it-MANIPULATING (which for those of you who follow a number of financial editorialists are told it is non-existent except to minor degrees).

    However, Friedman was currying political favor with those who disliked the gold standard, and was, in all probability, what garnered him the prized accolade in the 1976 Nobel Memorial Prize in Economic Sciences. Of course, for those who remember, even Yasser Arafat was a recipient.

    Today we decided to see what others might have to say and found this piece on Forbes, written in 2012:

    “Though It Nearly Strangled Reagan's Revolution, Soft Money Conservatives Revive Friedman's Monetarism” by Nathan Lewis

    Quoted from within is the following: “... Friedman slipped something new under his cloak of old-time libertarianism: a monetary framework that discarded conservative hard-money principles entirely, and relied instead upon a system of economic management via currency manipulation. Indeed, Friedman cheered the end of the gold standard system in 1971. ...”

    One of the older folks here, who worked among professionals during the 70’s, remembers opposing Friedman and getting roundly criticized for doing so. So goes the typical strident positions of the credentialed, brainwashed by academia.

    If we are to reverse course as a country it will be a LOOONG drawn out process that requires not only the removal of politicians at every level, but also replacement of those in academia and major corporations in a post Federal Reserve System environment. At this point it appears to be a lot of wishful thinking with the only alternative being to escape an impending violent revolution of unknown outcome.

    Any comment on the strange behavior or Yahoo message boards today would be appreciated.

  • goldbug49ers goldbug49ers Jul 11, 2016 12:12 PM Flag

    There is an aphorism that “A rising tide lifts all boats”, which is more important than any specific technical considerations.

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 11, 2016 1:12 AM Flag

    Based on the story of Lee Emil Wanta, we believe if governments wanted to they could invade Bitcoin data storage. The former Soviet Union was brought down by similar tactics based on economic warfare.

    The thing about weapons, in this case one that hacks into the Bitcoin infrastructure, is that sooner or later more have the ability to engage in hacking into Bitcoin accounts, just like now when even North Korea has the technology to manufacture nuclear weapons. So Bitcoin alchemy is many times easier to produce. We might, for example, take a paper dollar and through alchemy turn it into a Bitcoin, ... maybe... especially if it’s one of those central bank datasets we’ve commandeered from the Federal Reserve.

    Never underestimate the abilities of the NSA. Maybe someone should contact Edward Snowden over these possibilities. Now that would be really interesting. Sitting in an NSA bunker the operator could garner Bitcoins on a worldwide basis from one location. We would call that “Theft made easy, 101.”

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 10, 2016 2:53 PM Flag

    Early on, when bitcoin started to be discussed, we noted that there was little known about who's behind it, and what infrastructure and people maintain it. That clinched it for us because that's where the fraudsters hide out. As previously mentioned, a really massive threat is a natural one from a coronal mass ejection that hits Planet Earth. That could fry everything not protected by a Faraday Cage. So who is out there that can say it is?

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 10, 2016 2:42 PM Flag

    You, of course, mean AG, not AU.

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 10, 2016 4:36 AM Flag

    And if a Carrington Event arrives, which some say is overdue, there goes your bitcoins ... poooofff. Those possessing the actual stock certificates will be unaffected.

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 9, 2016 10:48 PM Flag

    The value of SLW shares in a hyperinflated US$ scenario will achieve more than their usual value had specie money been all that had been used. That’s because the Law of Supply & Demand would become hyperactive in favor of PMs in a fiat based world.

    One other thing we would like to mention is that former Governor Jan Brewer of Arizona attempted to use what would seem to be AZ’s rights under the 10th Amendment, as relates to illegal immigration by enforcing that state’s rights to protect their border. It’s unclear to us what kinds of threats were used by the Obama Administration that caused her to back down. Some of the 10th’s spokes people suggest tactics of delay and refusal to enforce, which wouldn’t have worked in her case. Further the spokes person we watched on the 10th video appeared to have been an open-borders type person from California. Taking this a step further it would seem the nation would be better off with 49 states (minus California).

    Texas is a completely different breed of state. They have a thriving Hispanic population that doesn’t particularly like being invaded by Mexico, having fought against that invasion some time ago. We advise reading the recent history of Border Patrol Agents Ramos and Compean who tried to do the right thing against a Mexican drug smuggler and were thrown in jail instead by the George Bush Administration. Ramos was not given proper protection and was attacked in jail by incarcerated drug smugglers. Bush, by the way, never overturned their sentences before leaving office. He only granted them release from prison, so their record of being convicted felons remains.

    We were listening to the Lush Bimbow program during the Bush Administration as Bimbow was asked for his opinion on the incarceration of Ramos and Compean. Bimbow went to one of his “profit breaks” (since he didn’t want to respond), and returned to another caller. How times have changed since all Bimbow can do now is support Trump’s border policies.

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 9, 2016 6:37 PM Flag

    As far as your support for “The Tenth Amendment Center”, thanks for that suggestion. Anyone visiting there will understand the over-reach of federal and state governments. Without such over-reach many of our liberties would have remained intact, much to the chagrin of those that think it is their task to decide whether or not our liberties should be defended.

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 9, 2016 6:16 PM Flag

    We will await others to assign the appropriate “downers” to one screen name that posts out of the North Korean Embassy in Absolutistan; the politics supporting tyranny and fascism should be quite obvious.

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 8, 2016 9:50 PM Flag

    You probably know that Peter Schiff’s father, Irving Schiff, was essentially killed in prison by the Feds. This was within the last year. He needed medical treatment which was denied him. According to Peter Schiff, had he received the needed treatment, he would still be alive.

    That is why we believe we are at WAR with our own government. Schiff’s prison term was due to his refusal to pay income taxes based on the belief that they were illegal. His death, in our view, comes under the heading of “cruel and unusual punishment”. If the airheads in this country put Clinton in office we believe there will be a lot more of the same treatment against those who end up on the Demoncrat’s “enemies list”, where the IRS is used as their weapon of choice. Of course, Lerner was nothing but a willing accomplice for carrying out the wishes of the Demoncrats to deny the Tea Party tax exempt status during the previous presidential election.

    Lerner’s emails were destroyed by Lerner in similar fashion to the current controversy over Clinton. Apparently Clinton has too much dirt on officialdom to be likewise punished.

    The Wall Street Journal had a favorable piece on Gary Johnson, termed out former Republican Governor of New Mexico (now the Libertarian Party’s candidate for POTUS. When he was elected NM’s finances were deep in the red. When he left office there was a surplus that was not accomplished through higher taxes, but by cutting the size and removing wasteful spending of the NM government.

    We have no doubt that politicians, like Johnson, would return this country to its former era of prosperity, except for the opposition of elitists and their mass media outlets Hell bent on destroying our legacy of liberty.

    We are a bit circumspect about the Founders understanding of specie money as “amazing”. As learned individuals they had access to the historical record, whereas only common sense is needed, absent the condition of being "dumbed down".

  • Reply to

    Where can this trade?

    by langdonsmith Jul 2, 2016 12:52 PM
    goldbug49ers goldbug49ers Jul 8, 2016 1:19 AM Flag

    Try thinking “out of the box” for once. We believe you have no idea of what security issues could cause “bitcoin” to disappear overnight. Perhaps you could provide the title of a column that shows someone carrying a “bitcoin”. The whole idea is preposterous.

    It is literally impossible to “make fools of ... goldbugs...” You’re welcome to post your reasons why you think this is not so; bear in mind that in doing so you will be contradicting 1000’s of years of history. As for us, we prefer PM miners and royalty/streaming companies (like SLW) because of the obvious leverage it will provide when the PM sector really gets moving. We are looking at one now that could provide 600+ % returns, at a very low cost. We can’t divulge it as yet because obviously it would attract investors who would run up the price beyond what we are willing to pay. We believe it could still be bought for a little less. Later we will say the name of the company and how we found it so the method is available to others.

    Bitcoin? Hardly!

  • Reply to

    Clinton meets with FBI

    by general.miltz Jul 2, 2016 1:05 PM
    goldbug49ers goldbug49ers Jul 7, 2016 11:41 PM Flag

    Missing from this thread are statements of the many who went to jail or were severely sanctioned for much less than what Hillary is guilty of. Unfortunately, Yahoo has character limits or we could list them and compare how she is getting away with things that are truly threatening to the country's security. And every person that answers this Topic in support of her is also a threat PERIOD.

    Since this is a Citigroup message board we are completely un-surprised that Hillary has garnered so much support here. After all the big banks, and those that controlled them, were allies with the Bolsheviks (later to become known as Communists), and funneled considerable money supporting the Bolshevik revolution. That is easily accessible historical fact. This was one of Karl Marx's strategies to install Communism in a worldwide basis through state control of the monetary system (read: Federal Reserve System as the prime example). That worked out really well for the apparatchiks but was a disaster for the commoner in the USSR.

    Now you can await replies to this from DHB39399, who operates out of the Venezuelan Embassy without the normal 8 hours of daily sweat the honest yokel has to do in order to survive.

  • Reply to

    What's your exit strategy?

    by moses_on_wall_street May 18, 2016 11:45 AM
    goldbug49ers goldbug49ers Jul 7, 2016 10:40 PM Flag


    We would suggest that you delete this topic since it is attracting too many ne’er do wells, such as Zolly.Mack. They clutter up the message board with copied and pasted nonsense that never changes. Some have suggested that these are paid bankster agents, and the less recognition you give them, the less compensation they will receive.

    As far as your question, posed by this topic, see “How High Is "Sky-High" Silver?” by David H. Smith. He quotes many of the well known gurus for this topic. According to them we are not even close to asking questions of this sort. We believe that to be so, as many here do, because there is NO WAY to rescue central bank systems built on fraud, whether they are in the USA or in any other country.

    However, it is worthwhile asking since it is as important to sell at the right time as it is to buy at the right time. (Buy low, sell high) We have noticed that there are a number of editorialists, since we’ve been following this sector, whose statement can be characterized as “the sky is falling, buy now before it’s too late”, thereby flushing all the dry powder from those who could make a real difference by timing their trades more accurately. Their commentary makes sense on a fundamental level, but technically speaking it is very bad. Our choice is Keith Weiner, who continues to urge caution since the Brexit vote. His conclusions appear accurate, even if his charts seem more like inverse trig functions charted together looking like Rorschach tests with the same data basis, thus inconclusive results but a record of being correct nevertheless (dumb luck?). Avi Gilbert is another with a cautious approach.

    As far as BRexit is concerned there are the ?exits yet to come that will silence the naysayers.

  • See the very interesting graphic within titled, “Systemic Risk among GSIBs”

    This shows the tight linkage of Deutsche Bank with all the other central banks, providing a readily understandable idea of what WILL happen if Deutsche Bank fails, and the ripple effect it will cause.

    Most of the risk is within the derivative Ponzi schemes these banks, and particularly Deutsche Bank, have engaged in. According to this column Deutsche Bank holds 13% of the total outstanding global derivatives amounting to $72.8 trillion.

  • Reply to

    Thoughts on the Silver to Gold Ratio

    by depeche_yankees Jun 30, 2016 1:11 PM
    goldbug49ers goldbug49ers Jul 1, 2016 2:44 PM Flag

    Perhaps you should consider trading silver for gold, and visa versa when the ratio reverses. One source we viewed stated that: “Most believers stake out a central ground of between 50 and 60 or if you want to be more conservative 40 and 70. ...”
    “...The obvious challenge with using the ratio is determining exactly when an imbalance between gold and silver exists – or in other words when the ratio is too high (favoring silver) or too low (favoring gold). ...”

    This is located at a column titled: “The Gold to Silver Ratio – Inside Information or Wishful Thinking” by Richard Schwary.

    There are other similar advisories with slightly differing ratios. One thing we’ve noticed is that most “traders” would be completely disinterested in this type of strategy because the time between trades for the suggested ratios can be quite long. However it is a very conservative approach that garners metal regardless of price. In that way all the "manipulation" concerns disappear.

  • goldbug49ers goldbug49ers Jun 30, 2016 8:30 AM Flag

    incidentally, you can add "dhb39399" and "lc298h" to your list. These appear together many times, sounding much the same, so we're pretty sure they are the same. It's almost like they used a random alphanumeric character generator (how un-original) to come up with their screen names. This would suggest they are paid to post and given these screen names by others who generate many of these names for those paid to post on a multitude of message boards.

  • goldbug49ers goldbug49ers Jun 30, 2016 8:16 AM Flag

    “...Lets see how he deals with being completely ignored. ...”

    We came to the same conclusion, as have others, when it comes to these jerks who continually post the same responses over and over. In our case they finally gave up trying to respond and instead thumbed down everything we posted. Get ready for that and don’t take it personally since the rating is worthless. The trouble with your suggestion for others to use this technique is that as long as they are unaffected they won’t take the advice.

  • Reply to

    People really are stupid

    by rpfla Jun 29, 2016 11:54 AM
    goldbug49ers goldbug49ers Jun 29, 2016 2:21 PM Flag

    People ARE NOT really stupid. They continue to trust their government, which is a BIG mistake.

    We follow SLW Call Options. A January 2018 Call at a Strike Price of $15, on Jan 19, 2016 sold for $1.65/Option. Today that same Option is currently at $9.80/Option, which is about 6X the previous price on Jan 19 (about 600% in about 5 months time).

    We DO NOT any longer have interest in the Options market because it appears rigged, and don’t care how certain the outcome might be. Rigged markets can have some unknown consequences too long to get into on a message board. It is much more difficult to cheat share owners. One method of avoiding the current day Wall Street cheats, unencumbered by regulators, is to take physical possession of the shares by contacting the Stock Transfer Agent for delivery of the shares to your possession.

    When the Anti-Brexit crowd keeps calling for new referendums until they get the result they want it should be clear that those types of people (also representative of those in US financial markets) are completely crooked and have no respect for the voice of the People. We recently learned that the Euro Administrators are calling for the military invasion of countries that carry out their own Euro Exits to return to their previous currencies. We will say that none of those that are planning to do so, at this point, have stated returning to a gold standard when they issue government bonds. That means they are too attached to the fiat scam’s potential to continue robbing their inhabitants. With an Obama Administration, still in power, we would not be at all surprised if Euro militarism is supported by the current Administration in the United States, with military weaponry, either overtly or without disclosure. These are current day Nawzis, but significantly worse in our electronically connected world where government guided drone weapons can really ruin the plans of the ?Exit crowd.;

  • Reply to

    The Fed

    by goldbug49ers Jun 20, 2016 2:08 AM
    goldbug49ers goldbug49ers Jun 27, 2016 6:42 PM Flag

    Of some interest, within the reference you provided, was the Scots wish to “Remain”. Let the arrogant SOBs have their way and depart as they previously were not part of the UK. That should be the subject of some derision some years down the road when they finally recognize the error of their ways and come crawling back to beg for inclusion. Clearly they are an ignorant lot completely bereft when it comes to the historical record of the fiat scam, which defines the EU in its totality.

  • Reply to

    Brexit? How about Grexit?

    by goldbug49ers Jun 27, 2016 4:46 AM
    goldbug49ers goldbug49ers Jun 27, 2016 4:52 PM Flag

    We would wish to find ways to avoid armed conflict. Brexit is such a way, if there is follow-through.

    Armed conflict with modern weaponry would be something to be avoided, unless there is no other alternative. We would never suggest anything that might lead to that unless we were participants as well. Chicken-hawks are the worst form of human debris, and define the bankster class, who, of course, only wish to profit as a result from their vantage point on the sidelines. Texans should, if that results, be ready to take out the bankster class to limit their own casualties. The banksters would be ready and willing to foment such a conflict with their red-hot full speed ahead chicken-hawk counterfeit fiat Monopoly money printing presses with an eye to its profit potential. It would be the Fed’s Continental currency all over again with Rothschild support.

27.87+0.77(+2.84%)Jul 29 4:02 PMEDT