Monday, August 15, 2011

Breaking the Silver Manipulation Barrier

Brandon Smith of Alt-Market has released an excellent article summarizing the ongoing silver manipulation, as well as offering 4 steps small investors can take to fight back against the cartel.

Methods for smaller investors to fight back against the market manipulations of large banks have been sparse, and often limited to desperate appeals to the CFTC and the government, who are bought and paid for, and who have no intention of ever stopping global financiers from dragging their unwashed behinds across the face of the planet. Relying on bureaucrats to mend the wounds they themselves encouraged or inflicted is foolhardy, to say the least. Top down solutions are NOT an option now, and I’m not sure if they ever were. This leaves us with only one other choice; to fix the problem with our own hands from the bottom up. This is, of course, easier said than done…


1) End The ETF Casino: If you play the ETF lottery, STOP! You are only perpetuating the con-game that is paper silver.

2) Vault Storage Depositories: If you aren’t a buy and hold investor, and insist on participating in short term selling strategies, there is an effective (and smarter) alternative to ETFs and the fake paper market. Silver and gold vault storage depositories allow you to buy and store large quantities of physical metal while having the option of liquidating your holdings for cash just as quickly as if you were selling ETFs. Depositories do not charge hidden fees and do not reduce your silver holdings while they are in the vault. What you put in is what you get back. Period.


3) Encourage Physical Trade: Max Keiser’s ‘Crash JP Morgan’ campaign was an excellent first step in encouraging silver investment by showing average Americans that they can hurt the big banks simply by purchasing something they don’t want you to have. The next logical step would be to, of course, encourage larger ETF investors to demand physical delivery on their holdings by showing them the folly of the market itself, and, to encourage average investors to actually utilize the silver they buy not just to crash the banks, but for organized trade.
The construction of silver based barter markets must become a priority.
Owning silver is not enough.
We must start to use it in place of dollars if we are to have any control over our own economy.

4) Offer Incentives: For business owners or for those who are involved in private barter, offering incentives to those who pay in physical would encourage more silver investment, and by extension, more silver circulation as a currency.

Click here for more from Brandon Smith: