Sunday, November 28, 2010

Silver Stock Report: Crash JP Morgan, Buy Silver!

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Crash JP Morgan, Buy Silver!

(An effective plan that just might work!)

Silver Stock Report

by Jason Hommel, November 28th, 2010


While a guest with Alex Jones, Max Keiser said that if everyone in the USA bought 1 oz. of silver, that it would cause a crash of JP Morgan.  That's absolutely true.  But interestingly, Max observed that Alex Jones has the capacity to drive national news coverage to certain issues through inspiring google searches on search terms such as "Crash JP Morgan, Buy Silver".
http://www.youtube.com/watch?v=gXt_Tx93940

I was inspired by Max, and so, I wrote my article:
"To the Top Shareholders of JP Morgan"  November 13th, 2010
http://silverstockreport.com/2010/shareholders-jpmorgan.html

Max then quoted my figures from that article in his report, titled, "500 Dollar Silver Manifesto".
http://maxkeiser.com/2010/11/18/the-crash-jp-morgan-buy-silver-manifesto-or-how-to-get-hedge-funds-to-do-your-dirty-work-for-you-beta/

The search term "500 dollar silver" hit number 4 on google's "hot searches" on Nov. 18th!  The plan is already working!  The story is going viral!
http://www.google.com/trends/hottrends?sa=X&date=2010-11-18

Rob Kirby also wrote about the ability of Keiser and Jones to drive media coverage to issues:
"Driving the News Agenda: Jones and Keiser (On JP Morgan Silver Manipulation)"
http://tinyurl.com/2dy9kca

Why this plan?  Because JP Morgan is the largest institutional bank, holding the largest derivatives positions, and holding the largest short position in silver, and because there are perhaps less than 300 million ounces of silver in the world available for purchase.

This plan is a good one. 

There is very little silver available, and especially little in the form of 1 oz. rounds or coins.  Buying enough silver will bankrupt JP Morgan, or, at least, cause them to lose power.

This plan is effective.  In fact, I sincerely believe this is the most effective plan for positive societal and world change of all kinds.  And this is partly why I've been advocating investing in silver for 8 years.

It will not only bankrupt JP Morgan, but it will bankrupt all banks and central banks all around the world.  It has the potential to unleash a near utopia of Godly prosperity around the world, as people throw off the shackles of paper money debts.  It can lead to a world wide Biblical Jubilee, a release from financial slavery.  But I think this will happen only if the people turn back to God, and recognize that this plan involves obedience to God and the Biblical principles for using money.

As silver returns to use as money, producers will keep what they earn.  Most government parasites and all their associates will either starve or learn to become producers themselves.

Bankers maintain control though illusion and deception.  They will lose all their power to manipulate society, and lose the capacity to steal the productive wealth of the world's producers, if only people refuse to be deceived by paper money and promises to deliver "more money", and instead, take delivery of real silver.

Why it can work:  There is very little silver in the real world, because it has been consumed since the world began using electric things since the end of World War II.  Silver is the Achilles' heel, the weakest link of the financial world. Silver is the most manipulated market in history.  Bankers manipulate it, through selling excessive futures contracts, and manipulating media, schools and textbooks, because they have to. 

Why it did not work in 1980.  In 1980, the Hunt brothers bought silver contracts on leverage.  They also borrowed money against the value of their real silver.  When silver values were manipulated lower, the Hunts were bankrupted, and they lost their silver hoard back to the manipulators.  Also, interest rates on paper money were high enough to trick people into going back into paper.  If people continue to try to buy paper silver, or buy silver with borrowed money, or let their silver be stored with the bankers and brokers, it will not work.  People must be responsible enough to take possession of their silver, and they must choose to avoid borrowing money.

Of course, it doesn't take buying silver to crash a bank.  A computer glitch left millions without money this weekend in Australia.
Millions cashless in bank glitch
Jacob Saulwick
November 27, 2010
http://www.smh.com.au/business/millions-cashless-in-bank-glitch-20101126-18akf.html

More effective than urging all people to buy 1 oz. of silver, would be to urge only a few people to buy all the silver that they can afford. 

How many people?  Perhaps it will only take reaching 1% of people in the USA with this message, or even less!

As it is, about 100 million oz. of silver per year are being purchased for investment.  With silver prices at $26/oz., that's barely $2.6 billion invested into silver per year.  Even the purchase of silver by any one of several thousand billionaires could be enough to reach a major tipping point.  Silver demand by investors is increasing naturally anyway, as the effects of the bail outs are obvious.  Buying silver for protection is the less obvious choice, but more and more are seeing the need to buy silver.

We at the JH MINT (www.jhmint.com), have sold about 2400 oz. of real silver per day, on average over the last three months.  One problem is that there is no way possible that we could serve 2400 customers in one day!

There is no way possible that all the people in America could all buy 1 oz. of actual silver in a year right now.  The infrastructure simply does not yet exist.   But eventually, it will.

Reminder:  http://www.oneoverspot.com/ is open for business, selling silver at auction.  And anyone can buy or sell silver through their platform, which charges a very low commission of only 1% over the final auction price, in contrast to the very high fees at ebay.

Also, there is not yet enough minting capacity to make enough 1 oz. rounds from the many 1000 oz. silver bars, the form that most silver is in these days.  But this is why we founded the JH MINT last year. 

So, buy 1 oz. rounds, or Silver Eagles, buy 10 oz. bars, buy 100 oz. bars, buy 90% bags of silver coins, buy any kind of silver you can get, as much as you can get.  It will work to change the system, and you will get rich doing so.

Years ago, I said that eventually, better promoters than me would come along, and get the silver story out to far more people than I could.  It looks like that is happening now.

I'm wondering how necessary it is that the people must turn to God first.  Then God will send the deliverer and the method of deliverance. 

I can see that this will work, but the sad truth is that only about 2% of 1% of the people are acting to buy silver now, as only $2 of every $10,000 in the banking system is being spent on silver per year ($2.6 billion out of $14-18 trillion.). By the time even 1% of the people rise to act to buy silver, the silver price could exceed $500/oz., just for starters, and our tiny silver shop could have 50 times as many customers.  By the time silver hits $500/oz., perhaps 2% of the public would be inspired to buy silver, causing further rises, and further participation by more of the public, and so on. 

This, of course, is why bankers have manipulated silver prices lower, to prevent people from buying silver, which, when they do, will be like the bank run of all bank runs!


For further research:

Frequently Asked Questions from Silver Buyers November 20th, 2010 

Today: Low Inflation = Massive Gold Rise! October 17th, 2010 

When Will Silver Prices Explode? August 28th, 2010 

1% of 1% August 23rd, 2010 

Ten Topics on Silver: Silver 101 May 24th, 2010 

To the US Department of Justice! April 8th, 2010 

P.S.  If you would like to help this "Crash JP Morgan Buy Silver" Campaign, please search for the term at google.  Also, link to my article at blogs or forums or websites, and also, write your own article or make a youtube video of the subject.  Thank you.

=====

I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can.  The fundamentals indicate rising prices for decades to come.

Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends.

JH MINT & Coin Shop, Grass Valley, CA -- minimum $2000 order for free shipping, USA shipping only.
Kerri: (530) 273-8822
kerri.jhmint@yahoo.com  
(530) 273-8175
www.jhmint.com

See also my Mom's Silver Shop in Sacramento, CA
www.momssilvershop.com
3510 Auburn Blvd., #12
Sacramento, CA 95821
(916) 481 5656
(Mom will ship with no minimum order size, and overseas, and take credit cards and pay pal.)



Sincerely, 

    Jason Hommel 
    In case you miss an email, check the archives (scroll down) at  www.silverstockreport.com  
    For the Biblical case for the benefits of using honest money, see  www.bibleprophesy.org  




    If you found this email useful, please Forward this email to your family and friends.

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    silverstockreport.com | 13241 Grass Valley Ave | Grass Valley | CA | 95945

    Monday, November 22, 2010

    Silver Stock Report: Don't Take or Touch my Junk!

    God Bless You!
     
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    Don't Take or Touch my Junk!

    (Neither Porn or Fondling Here!)

    Silver Stock Report

    by Jason Hommel, November 22nd, 2010


    What kind of world is it when a man who says to airport security, "Don't touch my junk", becomes a national hero?

    http://www.youtube.com/watch?v=-UqM56e-kRA

    Lost in the national "Porn or Fondle" choice being offered by the TSA is the loss of our gun rights.

    On the campaign trail for President of the United States, Ron Paul said, "911 would never have happened if, in the United States of America, there was more respect for the Second Amendment!"  As I recall, it was one of the loudest applause lines he received that day.  If we want secure planes, then let God fearing Americans exercise their second amendment rights to kill the terrorist bastards in flight at the first provocation!

    Ron Paul says "Enough is Enough!"  5 min clip before Congress.
    http://www.youtube.com/watch?v=d-N5adYM7Kw

    What's truly insane is that I read that Muslim women should be exempt from these checks, due to their religion. 

    Obama administration wants Muslim women exempt from TSA searches.
    http://cofcc.org/2010/11/obama-administration-muslim-women-exempt-tsa-searches/

    What!?  They are the ones we are searching for, and trying to protect ourself from, and they might be exempt?  I suppose this is one more example of Sharia law coming to America, where we will all be dominated by Muslims?

    All a Terrorist would have to do is to dress up as a Muslim woman, and he can smuggle anything on board a plane? 

    This desire to not profile Muslims is backwards!  It needs to be the other way around!

    Everyone should have to be willing to eat a bacon bit to get on a plane.  Or perhaps all planes should be forced to use pigskin leather on the seats.  This would screen out all fanatical Muslims and Jews. 

    Oh, I'm sorry, were you offended by that?  Good!  Now you know how I feel.  Excuse me, but as a Christian, being disarmed is more offensive to me! 

    American's situation is actually worse.  Nobody died from a bacon bit.  Millions have been slaughtered by governments after widespread gun bans.  See "Death by Gun Control" at
    http://jpfo.org/filegen-a-m/deathgc.htm

    I'm glad that people are finally beginning to be outraged over government bureaucracy run amok.  Congress never voted to allow these kinds of Gestapo totalitarian genitalia checks. 

    The TSA tries to justify it by saying that the viewer of the porn scans is doing it in a closed off room.  Excuse me!?   How does that help?!  I want them in a glass booth, so we can all see that they are not jerking off over our pictures!

    And let's call it what it is, please.  It's a choice between a porn scan, or the fondling of the genitals.  We should all be responding, "I'll take the porn scan, please."  Or "I'll take the gentile fondling, please."  NO!!  We should have the courage not only to reject such an offer, but to fight back against it!

    Saturday Night Live seems to agree that this is all so perverted.

    http://www.youtube.com/watch?v=YNH9694Fhkg

    We are such a nation of cowards, and it makes me sick to my stomach that I'm one of them.  The Bible lists cowards along with murderers, and they will have the same fate!

    Revelation 21:8
    But the cowardly , the unbelieving, the vile, the murderers , the sexually immoral, those who practice magic arts, the idolaters and all liars—they will be consigned to the fiery lake of burning sulfur. This is the second death.”

    The TSA is being sexually immoral, of course!  The Bible warns that their fate will be the second death!

    Every member of the armed forces takes the oath to defend the Constitution of the United States against all enemies, foreign and domestic.  The domestic enemies of the United States are available for confrontation, available to be detained by members of the armed forces at any time.  Just go to the airports.  There they lurk.

    The Sheriffs all across the land can, starting today, detain, and arrest, and charge any of these security pornographers at any time.  The TSA made decisions without asking congress, and the Sheriffs can respond, and do the same.  They can charge them with sexual assault, possession of child pornography, and numerous other charges.

    Terbo Ted predicts rioting at TSA gates for humiliations and abuse of elderly victims.  I can imagine a soccer team or hockey team losing it if one of their grandmothers is sexually assaulted. 

    Terbo Ted predicts that perverts will eagerly pay the $69 for a short commuter flight, and even asking for rectum checks, just for the thrill of it, instead of having to pay $300 for a special session with a dominatrix.

    Democrats are upset over the loss of civil liberties, while Republicans are upset over the loss of the 4th Amendment rights against unreasonable searches and seizures.

    Remember, you can't spell fAScisT without TSA.

    I'm not flying until this insanity ends.  The really outrageous thing is that our nation has descended into totalitarianism so much that I fear being put on a "no fly list" merely for preaching about this!  True, I don't want to fly and let them see my junk, but what if my situation changes?

    Please let me know how you feel about these horrendous intrusions into our rights, and sexual parts.

    If they can grab your testicles, can they grab your silver?  When does it stop?  I think it needs to stop now!  Should have stopped yesterday. 

    Want to know the best way to take back power from insane government?  BUY SILVER!  They can't print it, and can't easily take it away.

    Buying silver wrecks governments that print paper money far faster and more effectively than they are trying to ruin us. 

    Anyone who trades liberty for security deserves neither liberty nor security” -- Ben Franklin.



    =====

    I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can.  The fundamentals indicate rising prices for decades to come.

    Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends.

    JH MINT & Coin Shop, Grass Valley, CA -- minimum $2000 order for free shipping, USA shipping only.
    Kerri: (530) 273-8822
    kerri.jhmint@yahoo.com  
    (530) 273-8175
    www.jhmint.com

    See also my Mom's Silver Shop in Sacramento, CA
    www.momssilvershop.com
    3510 Auburn Blvd., #12
    Sacramento, CA 95821
    (916) 481 5656
    (Mom will ship with no minimum order size, and overseas, and take credit cards and paypal.)



    Sincerely, 

      Jason Hommel 
      In case you miss an email, check the archives (scroll down) at  www.silverstockreport.com  
      For the Biblical case for the benefits of using honest money, see  www.bibleprophesy.org  


        Jason Hommel 
        In case you miss an email, check the archives (scroll down) at  www.silverstockreport.com  
        For the Biblical case for the benefits of using honest money, see  www.bibleprophesy.org  




        If you found this email useful, please Forward this email to your family and friends.

        Safe Unsubscribe
        This email was sent to silverstockreport@gmail.com by j@silverstockreport.com.

        silverstockreport.com | 13241 Grass Valley Ave | Grass Valley | CA | 95945

        Saturday, November 20, 2010

        Silver Stock Report: Frequently Asked Questions from Silver Buyers

        God Bless You!
         
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        Frequently Asked Questions from Silver Buyers

        (There are no dumb questions!)

        Silver Stock Report

        by Jason Hommel, November 19th, 2010



        Which is better, gold or silver?

        I like silver better because it's being consumed by industry.  It's a much smaller market, by far, and thus, will move up far more than gold. 

        If the silver to gold ratio returns to the historic value ratio of 15 oz. of silver for every 1 oz. of gold, you'd make far more on silver, since the current ratio is about 53:1. 

        But I think silver might exceed the historic ratio, since that ratio was last seen nearly 100 years ago, except for briefly in 1980. 

        Over the last 100 years, two major things have happened to silver.  First, silver was demonetized, meaning, no nations on earth are using silver as money, or as a circulating currency today.  Second, since the age of electronics began at the end of WWII, developed nations have been consuming about 6/10ths of an oz. of silver per person, per year, which has consumed most of the silver ever mined in history.

        In contrast, only 5% of the annual gold market production is consumed by industry.

        So if the silver to gold ratio just returns to historic norms, you'd make over 3 times as much in silver than in gold.

        But silver should dramatically outperform gold as the bull market in precious metals continues.

        =====

        How do I keep my purchases and sales anonymous? After all, I don't want the government to know what I'm doing.

        Well, your bank account will keep a record of you taking out cash, but they won't know what you spend it on.  They also track cash deposits, but won't know the source.

        But if you try to sell precious metals for US money, and end up depositing that cash into the bank, and if you want to borrow money to buy a home, you will likely have to declare the source of that cash, by providing the sales receipt of the bullion you sold.  We have had quite a few people run into that problem already.

        It may be illegal for me to even tell you what the exact reporting requirements on cash transactions are!  However, it might not yet be illegal for me to direct you to the government website itself!

        If you would like to look up the reporting limit requirements for cash, you can find it at fincen.gov, specifically, click on "Statutes and Regulations".  Posted clearly, there is a daily transaction limit of $10,000 on physical paper cash, among other regulations.

        It's sad that in the land of the free and the home of the brave that the government expects businesses to work for the government and fill out paperwork for free, and only under threat of punishment for non-compliance.  Sounds a bit like slavery to me.

        There is no reporting by us if you do a wire transfer, and thus, no limit to what you can buy via wire transfers.

        =====

        What is the tax on gold and silver? 

        There is sales tax in California if you buy less than $1500; over that, there is no tax.

        But people are often wondering if they will have to pay taxes when they sell it.  And this question is often asked right on the heels of the previous question about reporting requirements.

        Well, in the land of the free today, it is also illegal for me to give tax advice since I'm not a licensed tax attorney.  It is also illegal for Suze Orman; but it does not seem to stop her.

        So let me play it on the safe side, and talk philosophy, instead of taxes.  So, I'll tell you about a debate I learned in college.  The question is, "If a tree falls in the forest, and if nobody is around to hear it, does it make a sound?"  And more importantly, is that a taxable event, and does the tree have to file a 1040?  Well, of course not, trees don't have filing requirements.

        In other nations, they'd just shoot the tree.  Here in America, we are still allowed (in some places) to turn the fallen tree into firewood, but then you have to declare the "income" of wood if you want to be insanely and overly compliant with how they apply tax laws.  But if you didn't tell the government that you turned a tree into firewood, how would they know that for income purposes?

        =====

        Why can't I buy gold or silver at spot, instead of over spot?

        Almost all of the products that we sell have a manufacturing cost to them.  We typically have to buy raw bullion over spot, and then pay an additional cost to manufacture it into coins or bars.  We sell 20 times more bullion to the public than we buy, in recent weeks! 

        So, you can buy bullion under spot if you spend the money to start up a coin shop, and wait for gold and silver to be sold to you.  But customers only sell us 1/20th of the metals that we are selling.

        All markets have a bid and an ask.  The bid is the price a potential buyer is bidding.  The ask is the price that a seller is asking. 

        Those bids and asks are from the large COMEX paper market that trade in lots of 5000 oz. of silver, and rarely result in any real delivery, because most of the buyers are only buying to gamble on short term price changes, and pay only a small deposit.    

        As a real shop, with real silver, we have real expenses; rent, ads, workers, electricity, phone, internet, insurance.  And all of that must be paid monthly, regardless of if we make any sales. 

        The physical market is also very tiny, with low volume, only about $2.5 billion per year.  With 1% average profit after all expenses, that's barely $25 million for all physical silver sellers, worldwide.  With 4000 coin shops nationwide, if that $25 million were divided equally, that's $6,250 profit per shop, per year, on silver sales.  (We do a bit better than average, but still!)

        We also have risks; default risk from our suppliers, theft risk from workers, theft risk from the public.  Risks must be offset by potential profits.

        We also have trading volatility risk; we might sell silver to someone early in the day, and later in the day, if the price moves up, we might end up buying back that silver from our wholesalers at a loss, and thus, losing money.

        We also have inventory composition risk and losses:  we must keep cash to run the shop, and cash loses value in terms of silver as silver goes up; the cash always buys less and less silver.

        We also have replacement delay risk and loss.  Cash can't be used immediately to buy back silver, there is always a delay between when it can be deposited into the bank.

        We also have cash deposit charges that range from 1/2 of 1% to 1% on cash, because we deposit high volumes of cash; the bank charges us this just for counting the cash.

        We also have a risk that the silver that we re-order gets delayed, and then, we risk running out of inventory sooner.  If that happens, we must raise prices to ration product availability.   It does no good to have low prices if we are sold out.

        I've said numerous times that there is only about $1-2 out of every $10,000 that is in the banking system that is going into silver on an annual basis.  As that increases, it will cause enormous pressure on everyone in the trade: miners, concentrators, refiners, mints, dealers, and coin shops.  My goal is to make sure that bullion is available, at some price, because when no bullion is available, that's much worse; that's what happens under communism, and price fixing.    

        Sometimes, we can negotiate lower prices for larger orders.  But not always.  It never hurts to ask.

        =====

        Where do you think silver prices are going in the next 3-6 months?

        Generally, I tend to think silver prices are too volatile, changing, and unpredictable to make any guesses for the short term.  Nevertheless, my gut tells me that silver is headed to about $35/oz. within this time frame, by July, 2011.  That guess is based on my observation of the Fibonacci number sequence for silver's peak prices in this bull market.  Silver started at around $5/oz.  Then, the successive peak prices were right on the Fibonacci sequence, 8, 13, 21, and the next number is 34.  Each number is the additive of the prior two, which shows an average increase of about 66% over the prior peak.  I would not bet on that kind of prediction though, and I would not buy any options on that either.  The reason is that it might also take as long as 2 years to get there, because we have a manipulated market, whereby 99% of silver buyers are content with paper silver and don't know they are being deceived, primarily by JP Morgan. 

        Also, with options, price increases are built in.  Generally, since silver is expected to go up by about 30% per year, since that's the trend, silver has to do significantly better than that in order for you to make money on options, so they are generally a waste of money.  Just buy physical silver, and earn the 30% or more per year continually over the next few decades.  Remember, the world cannot make 30% per year on paper phantom silver that does not exist -- so all of that will default during this bull market, and you have to get out of that kind of bad silver before this bull market finishes if you ever hope to have any major gains at all.  Also the options market is very illiquid and very small beyond 6 months away, so the entire paper game seems quite ridiculous to me.

        Think of it like this.  Let's say there were two silver shops right next door to each other.  Mine, and the "paper market" next door.  You go into my shop, see all the bullion, and see my prices.  Then, you go next door to the paper shop, and they have no bullion available, only a bunch of traders standing around holding paper tickets.  You read up on their open interest, and you can instantly see that they are bankrupt, having sold up to 800 million ounces while their published warehouse inventories are a mere 50 million ounces.  You see that they only offer silver for delivery "in a month" and the delivery day can be any day in the entire month.  And, the only product you can buy, and the minimum order size is 5 large 1000 oz. bars that nearly nobody wants.  Where would you shop?  Hint, not even our largest wholesaler shops there; instead, they buy directly from refiners, or mints, as do we.  Please note, not all refiners are honorable or have good products.  Be careful out there.

        =====

        Where do you think silver prices are going in the next year then?

        On average, over the last ten years of this bull market in precious metals, silver has gone from a low of $4.15/oz in the spring of 2003, to $29 or so last week.  Over seven years, that's an average of 32% per year.  But I think silver will tend to go up in greater percentage numbers per year, on average, as the bull market continues.  The trouble with averages, is that they can be misleading.  In 2008, silver hit $21.50 or so, and bottomed around $9.50 or so in 2009.   That's a loss of 55% in one year, which led many to speculate that silver prices had "crashed" and that the bull market was over.  Of course, such "advisors" did not tell anyone to buy silver at $9.50 in 2009 either.

        =====

        How much will I get for my silver or gold when I sell it?  Or, what is the spread, the cost, to buy and sell?

        Look at our price board at the top of www.jhmint.com.  We are now publishing both prices, our cost when we sell, and our buy back prices.  Generally, physical bullion has about a 10% spread on all items, on both gold and silver.  This does not mean we earn 10%!  We try to earn about 4% per trade, gross, and after expenses, it's much less.  Typically, for bullion that is cheaper to buy, you get less when you sell it.  These days, our bids are very good, since most people are buying silver and gold, and we can easily re-sell almost everything except very odd weight or unique products, which we buy at about 7% under spot for gold, and 15% under spot for silver.

        There is a floor price, or lowest possible price, for nearly all gold and silver, since we can always put it into the melting pot by sending it to a refinery, which is the bullion buyer of last resort.  So, if we had more people selling to us than buying, most everything would go to the refiners.  But if the refiners are backed up and giving delayed payments, then we'd have to offer a bit less than the floor prices mentioned above for "odd" products.

        =====

        How long do I have to hold silver to break even on the spread and start making money?

        Well, on average, silver's going up about 30% per year.  So, to break even on a 10% spread, you need to hold silver for about 4-5 months to break even.  But that's an average.  In the last 90 days, since silver has increased from about $18 to $27/oz., it's been an unusually short time for most people to make money on the silver they bought.  But if you look at the peak price in the spring of 2008 of $21/oz., it's taken about two and a half years just to break even.  So, it varies.  Your expected hold time should be about 2 years, minimum.  If you can't wait that long, perhaps consider buying more gold, or simply holding most of your cash.  You always need cash for life's unexpected emergencies like car repairs and losing your job or other opportunities.  Don't buy so much bullion, and end up with so little cash that you get caught being forced to sell bullion that you bought in the last 6 months because you were hoping to strike it rich. 

        =====

        What's a typical trade size that you can handle?

        For the last three weeks, we've done about $600,000 in transactions per week, which is record sales volumes.  We can handle much larger trades than that, however, because we work with up to 10 major suppliers, and we can contact all the largest suppliers in the industry.  Things seem to be getting a bit tighter, as delivery times are about 1 week right now from each of our top three suppliers.  There is also talk of increasing prices at the wholesale level across all three suppliers.  Also, quite a few products are beginning to be sold out.  We're surprised that one of our wholesalers is out of 1 oz. silver rounds, for example, yet we have 3000 in stock, thousands more in the mail on the way to us, and we can get more from three other sources.  All trades over $100,000 must wait a week for delivery if you want a discount, otherwise there is no negotiation below our prices on our price board. 

        =====

        Can you lock me a price right now?

        No.  We are not in the business of giving free price options.  We don't do futures contracts, we deal in the spot market, the "here and now". We cannot move heaven and earth and stop time for you.  How can we "lock" anything until after your money arrives?  I cannot place an order for you, until after I receive your money.  The problem is that too many potential customers are simply flakes with no honor to honor their commitments, and there are too many problems and delays even with bank wires.  And I cannot cause your bank to honor their commitment to you to get your wire out in a timely way.  If your bank delays your wire, that's not my fault. 

        All I can say is that if you wanted to buy at this morning's prices, perhaps you should have initiated your wire transfer yesterday? 

        I also cannot prevent other traders showing up with cash and cleaning us out prior to when you wire us money (at which point you are not yet a paying customer, while they are), and that can happen in the bullion trade, in which case, your order might be delayed by a day or so.  We "pull inventory", setting it aside, and lock prices for most mail orders under about $100,000, right when we note when the wire comes in.

        =====

        OK, I'm ready.  How do I buy from you?  Cash, check, credit cards? 

        We only take cash, or wire transfers.  The reason is that we earn too little of a spread on bullion.  We need irrevocable payment.  Checks can bounce, or people can put a hold on them, and they take too long to clear.  People can put charge backs on their credit cards for as long as 6 months after a purchase, and credit cards often have a 2-10% cost built in that the merchant must pay.

        If you are buying over the internet, you need to call Kerri.  She will email you our wire transfer information.  We lock a spot price only after a wire has arrived.  Until then, our price board at www.jhmint.com is a good indication of our prices.  Prices can change at any time however, based on ever-changing market conditions.  Since silver prices can move by 5%-10% in a day, then if you want a specific product, such as a sealed monster box, consider wiring an extra 5-10% to be more sure that we don't end up having to sell you 95% of a sealed box, in which case, we'd have to break it open.  We reimburse all such extra amounts in silver, or cash, as you prefer.

        If you are nervous about making a trade, may I suggest placing a smaller trade first, as many customers do.  The good thing about money is that it is divisible.  You should never feel pressured to move all of your money at once. 

        If you have any questions, try email, but I'm not always able to respond.  If you've seen the movie "Bruce Almighty", my email inbox looks like that, the emails come in faster than I can respond.  I'm also sometimes available by phone if you call the JH MINT between 10AM to 5PM M-F Pacific time, if I'm not busy with other customers.




        =====

        I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can.  The fundamentals indicate rising prices for decades to come.

        Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends.

        JH MINT & Coin Shop, Grass Valley, CA -- minimum $2000 order for free shipping, USA shipping only.
        Kerri: (530) 273-8822
        kerri.jhmint@yahoo.com  
        (530) 273-8175
        www.jhmint.com

        See also my Mom's Silver Shop in Sacramento, CA
        www.momssilvershop.com
        3510 Auburn Blvd., #12
        Sacramento, CA 95821
        (916) 481 5656
        (Mom will ship with no minimum order size, and overseas, and take credit cards and paypal.)



        Sincerely, 

          Jason Hommel 
          In case you miss an email, check the archives (scroll down) at  www.silverstockreport.com  
          For the Biblical case for the benefits of using honest money, see  www.bibleprophesy.org  


            Jason Hommel 
            In case you miss an email, check the archives (scroll down) at  www.silverstockreport.com  
            For the Biblical case for the benefits of using honest money, see  www.bibleprophesy.org  




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            Monday, November 15, 2010

            PURITY: 93.1 % MINIMUM GOLD FOR SALE

            SALES.
                 
            We are pleased to make this offer of our product under the penalty of perjury and with full co-operate and legal responsibility to the following terms and conditions.  
                
                1. Product: Aurum Utalium (AU)
                2. FORM: Gold Dust,bullion, nuggets
                3. Purity: 93.1 % minimum
                4. Fineness: 22 carats minimum
                5. Origin;   Guinea Conakry
                6. Quantity: 100-550 kilos
                7. Price per kg: US$ Negotiable
                 
                 
            PROCEDURES:
                 
            One representative of the buyer is suppose to come down to QUITO,(ECUADOR) for the inspection and random sampling of our Gold & Diamond . or make plans for the products to be shipped to his/her destination. We look forward to establishing a long lasting business relationship with you as a marketing company.
                 
            NOTE : In the event you do not buy gold or Diamond please be kind enough to forward our contact email to a Gold & Diamond Buyer. As our Agent we are ready to give you 10% commission of the total purchase if you can connect us to a gold or Diamond buyer.
                 
                 
            We are expecting your reply soonest
                 
            Thanks
                 
            MRS. theodorah thaitawil.

            Saturday, November 13, 2010

            Silver Stock Report: To the Top Shareholders of JP Morgan

            God Bless You!
             
            You may unsubscribe if you no longer wish to receive our emails.
             Greetings!

            To the Top Shareholders of JP Morgan

            (Your company is bankrupt in terms of silver!)

            Silver Stock Report

            by Jason Hommel, November 13th, 2010


            To the Top Ten Institutional Shareholders and Top Ten Mutual Fund Shareholders of JP Morgan:


            It's news that JP Morgan is being sued for manipulating the silver market by maintaining a large concentrated naked short position in futures contracts on the CME's COMEX metals exchange.

            http://www.marketwatch.com/story/jp-morgan-hsbc-sued-for-silver-manipulation-2010-10-27

            The lawsuits were announced just days after a brave man in government, Bart Chilton, Commissioner of the CFTC (http://www.cftc.gov/), the Commodities Futures Trading Commission, made a statement that acknowledged silver price manipulation.

            http://www.gold-speculator.com/editors-picks/41121-cftc-chairman-bart-chilton-silver-has-been-subject-attempted-manipulation.html

            The lawsuits mean that very intelligent lawyers believe that JP Morgan's short position is so obvious and provable that there is a case to be made, and money to be won from JP Morgan, and they feel that perhaps they will get help even from those in government, such as Judges.  Blood is in the water, and JP Morgan is the one bleeding.

            The news articles of the lawsuits don't tell the full story.  See, I know the men who helped expose JP Morgan as the silver short, and I help to inform those men, and promote their work.  I was the first to file an antitrust complaint to the US Justice Department against JP Morgan for silver manipulation in April of 2010.  http://silverstockreport.com/2010/doj.html

            JP Morgan is also the custodian of the silver ETF, SLV, which also does not likely have all the silver, which would be another short position.

            JP Morgan's third short position in silver is likely a much larger naked short position in silver than the other two combined, and it's through the "over the counter" silver market, which has been up to $200 billion in size according to the BIS, the Bank of International Settlements. 

            http://www.bis.org/statistics/derstats.htm
            http://www.bis.org/statistics/otcder/dt21c22a.pdf

            See the second link, above, the pdf file, the second table, Table 22A:, under the category "other precious metals".  The "Notional Amounts Outstanding" in June 2009, were $203 billion.

            Jeffrey Christian, bullion bank apologist, at the CFTC hearing on silver on March, 25th, 2010, admitted that silver was traded and leveraged "over 100 to 1" in the London market. 

            JP Morgan also holds the largest derivatives positions of any banks, at $69 Trillion, according to the US OCC.  Thus, it is likely that JP Morgan also holds the largest short position in silver derivatives, too, as a matter of course, since they dominate derivatives trading in general.  So, to them, a $100 billion short position in silver would be "chump change" compared to their other derivatives positions, and may, in actual fact, be a part of a larger overall strategy to maintain the value of their other derivatives, (including the US dollar) to keep interest rates low.

            http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/derivatives-quarterly-report.html
            http://www.occ.gov/topics/capital-markets/financial-markets/trading/derivatives/dq210.pdf

            See the last page of the second link, the pdf link, above.  The OCC sometimes changes the location of these links, so if the link breaks, you might want to ask one of your junior researchers to locate them for you, or look around the occ.gov page for a few minutes to find it yourself, or simply contact the OCC as ask them for a copy of their "Quarterly Report on Bank Trading and Derivatives Activities" Second Quarter 2010

            So, the problem is simple to understand, but complex to solve, because JP Morgan's market influencing positions cannot be closed without massive losses that will bankrupt JP Morgan, and perhaps also significantly devalue the US dollar.

            The world's annual silver production is estimated at between about 550 million ounces of silver to about 650 million ounces.  At 600 million oz., at $25/oz., that's a tiny $15 billion market.  The investment side of the silver market is even smaller, at only 100 million oz annually, which, at today's silver prices, is a much smaller $2.5 billion market.

            Key problem:  How can the world's leading banks, (probably mostly JP Morgan) sell $100 billion worth of silver in 6 months, which is 6.66 times the entire world's annual production of only $15 billion worth of silver, and about 50 times the actual physical silver investment market, and it not be fraudulent silver, not real silver, which creates this problem? 
            But the problem is much bigger than how it might appear from just that.  See, in 1980, silver prices hit $50/oz.  That was when M3, the money supply in the US, was a tiny $1.8 trillion.  Today, it's $18 trillion, and growing at a rate of about $2 trillion per year, which is the what the US government must print to pay their bills.  So, the inflation-adjusted price of silver could be ten times higher, or up to $500/oz., if only 1% of the population of the USA began to buy silver.

            See, 1% of $18 trillion is $180 billion.  How can $180 billion pour into the real and actual physical tiny silver market of $15 billion (or the tinier silver investment market of $2.5 billion) without driving the silver price to $500/oz.? 

            See, the problem is that the silver price will hit $500/oz. just for starters, by the time only 1% of people in the USA alone try to protect their wealth from inflation by buying silver and gold, and the way things are going in government, that's nearly a given by now.

            If my reading of the OCC report is any indication, then JP Morgan's short position in silver could be as high as 25% to 50% of the entire world banking system's short position of $200 billion in silver (and that was when silver was $15/oz.)!

            JP Morgan's short position in silver could thus be as high as 3.3 billion ounces if we are conservative, and estimate their position at only 25% of the BIS report numbers.   By $500/oz., JP Morgan's short position could be worth a negative $1.5 trillion, and that's just for starters.  It could grow worse if they add to their short position, in a misguided attempt to manipulate a market that is clearly moving against them.

            That kind of activity by a rogue trader brought down Barrings Bank, as showcased by the 1999 movie, "Rogue Trader".
            http://www.amazon.com/Rogue-Trader-Ewan-McGregor/dp/B00002RAPA/ref=sr_1_3?ie=UTF8&qid=1289648877&sr=8-3

            The other problem is that silver is mostly consumed by industry, as it's the greatest conductor of electricity in the world, and is used up in 10,000 applications.  Only oil has more applications, but oil can't be used as money.  It's just way too hard for the average person to store $8000 worth of oil in 100 barrels on their front lawn, and apartment dwellers never could.  Gold is also unsuitable as money for most people, because a tiny tenth ounce piece is just too valuable if it became worth about a month's salary, a historic norm.

            I submit the problem is bigger than what your brightest minds, your brightest economists, and brightest students in today's world can solve.

            See, there is no central bank of silver. There is no lender of last resort for silver.  And you can't print silver to solve this problem, because at the end of the day, real silver is needed by industry.

            Developed nations, such as the USA, consume, in industry, about 6/10ths of an oz. of silver per year, per person.  As the world economy grows, that will increase.

            Silver also has the smallest number of years of resources in the ground of nearly any major metal.  It's about a 14 year supply.  (This is substantially smaller than the world's 40 year supply of oil.)

            But the solution is simple if you can trust in God.

            Be honest.  Be honest first.  Trust that honesty brings rewards and blessings from God.

            May I humbly suggest a few simple solutions to your problems concerning your positions in JP Morgan, given JP Morgan's major financial problems with their short position and shortage of physical silver?

            1.  Buy silver.

            2.  Sell JP Morgan shares.

            Or, well, scratch that, or you can reverse it.  You could sell JP Morgan shares and use the proceeds to buy physical silver. 

            Most of all 20 of your institutions own about $2.5 billion worth of shares, on average, of JP Morgan.

            I can guarantee you that the facts dictate that your shares of JP Morgan will not retain their value nearly as well as will silver.

            I can also guarantee you that it's a race to get silver, and you are all probably not even in the race, given the tiny size of the silver market.

            If even one out of 20 of you decided to act, I can guarantee you that silver prices would double and exceed $50/oz, before any one of you were able to buy even $1 billion worth of physical silver.

            On September 2nd 2010, at the start of this rally in silver prices, I wrote a simple letter to the top 25 billionaires of the world, declaring that none of them would be able to buy much silver below $20/oz.  Based on recent silver prices rising to over $29/oz., and holding at $26, it appears I was right.

            Dear Billionaires of the World
            http://silverstockreport.com/2010/billion.html

            I gave specific advice on how to accumulate large positions in silver, and who to contact to get it.  Of course, you, or anyone else, can also simply call me or my associates at the JH MINT.  www.jhmint.com

            It is actually against my best interests to write to you, for several reasons.  See, since I know silver is money, I therefore use silver as my "unit of accounting" internally as a bullion dealer at the JH MINT.  I count all my assets in terms of dollars, and also in terms of silver.  During the recent rise in silver prices, our assets are increasing in terms of dollars, of course.  But not in terms of silver.  Why not?  Because we lose "silver value" on our small cash positions, and we lose "silver value" on our larger gold positions.  So, even though over 65% of our assets are in the form of silver, and even though we are having record sales volumes, we are not able to "accumulate silver value" from operations during this bull market in silver, because silver prices are simply rising too fast. 

            Furthermore, by sharing with you this information, I risk creating a silver shortage at many of my own suppliers, which could literally put my successful silver dealing business out of business.

            I can therefore state with near absolute certainty that if you tried to value the wealth of your institutions in terms of ounces of silver, you would do nothing but "lose money" in terms of ounces of silver, no matter what you do, no matter how great you think your investment decisions will be, no matter how much silver you accumulate, during the next ten to twenty years of the continuing bull market in silver.

            This is your first and only warning about the facts of silver that I will ever give you.  I will not contact you again, just as we never pester any of our clients by phone. 

            God bless.

             

            Sincerely,

            Jason Hommel
            owner
            www.jhmint.com


            cc to all major JPM shareholders listed here:
            http://finance.yahoo.com/q/mh?s=JPM+Major+Holders


            =====

            I strongly advise you to take possession of real gold and silver, at anywhere near today's price, while you still can.  The fundamentals indicate rising prices for decades to come.

            Our Coin Shops are open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends.

            JH MINT & Coin Shop, Grass Valley, CA -- minimum $2000 order for free shipping, USA shipping only.
            Kerri: (530) 273-8822
            kerri.jhmint@yahoo.com  
            (530) 273-8175
            www.jhmint.com

            See also my Mom's Silver Shop in Sacramento, CA
            www.momssilvershop.com
            3510 Auburn Blvd., #12
            Sacramento, CA 95821
            (916) 481 5656
            (Mom will ship with no minimum order size, and overseas, and take credit cards and paypal.)



            Sincerely, 

              Jason Hommel 
              In case you miss an email, check the archives (scroll down) at  www.silverstockreport.com  
              For the Biblical case for the benefits of using honest money, see  www.bibleprophesy.org  




              If you found this email useful, please Forward this email to your family and friends.

              Safe Unsubscribe
              This email was sent to silverstockreport@gmail.com by j@silverstockreport.com.

              silverstockreport.com | 13241 Grass Valley Ave | Grass Valley | CA | 95945