Your views on platinum

The price of platinum is like anything else and I think that after 2001 the economy changed in a fundamental way.  People don’t even pretend to be honest anymore. The FTC is a joke.  If a company is making billions in profit illegally and they are fined $82 million, they don’t care.  It’s a tax write-off. In fact, it’s worse. They can claim it as a business loss and get public funding to repay it.  Then they pass on the costs.  They actually make MORE money by being fined for dishonesty.  There in lies a big part of the problem. 

The problem now is that Washington wants to keep humming along like always – at least after WWII – and they can’t.  They let their buddies gut all the laws and ship all the jobs and manufacturing overseas and now we can’t feed ourselves.  The few people who still DO pay taxes can’t support the whole country.  So we have to borrow 2 BILLION dollars a day from Communist China just to pay the debt service on the money we already owe them.

A few people have already figured out that we can’t get ‘tough’ with China.  The very first day they dump US paper on the market, our economy tanks for good.  We are still selling military technology to Taiwan, but that’s a joke.  China owns Taiwan and uses it as a cash cow and to obtain technology.  Like Hong Kong.

For all you conspiracy theorists, the best computer processor available to civilians at the moment is Intel’s Sandy Bridge which was developed and is manufactured at the Intel plant in Haifa, Israel.  Everything else in it is made in Taiwan or China.  So are iPhones and Apple computers.  About the only thing still made in the US is bottled water.

Your question was about platinum.  It’s metal. You can’t eat it.  You can’t even tell if it’s platinum – just like you can’t tell if those gold bars you own are really gold – unless you x-ray them.  My opinion is that life boils down to a few simple things.  Food and water, shelter, sex (I vaguely remember that), and a feeling of safety – which establishes a comfort zone.

You asked:  (1) Do you really think (platinum) is as rare as they say (any “secret” mines they’ve suppressed?)  Commodities become ‘rare’ because of population increases. We don’t need more mines.  We need fewer people.

(2) do you think the price would fall sharply if the silver/gold prices go south?  No. But I can’t predict the future. I think ‘value’ is a matter of perception and ‘price’ is a matter of manipulation.

If you CHOOSE to believe that the economy is going to continue like it always has, then anything in excess of those priorities is disposable income. 

If you CHOOSE to believe things MIGHT change radically, you probably ought to think about how much silver and gold and platinum you need to buy products – like toilet paper – that will no longer be available at any price.  And what medium of barter are you going to use between your metals and the products I, and other producers will have that you will need. 

Food, for instance. Water filters that will gravity-filter a million gallons of water and remove everything down to .02 Microns, including viruses and radionuclides before they need to be refurbished. 

People don’t sell them now because making them limits your market to one per customer for life.  They don’t have to keep buying expensive replacement filters every month. But suppose you need one.  I’ll probably trade a few for silver because I use saturated colloidal silver to coat the filters after the clay is fired.  That gets rid of viruses but keeps it out of your body. 

After that, I won’t trade for any PM at all – I can’t eat it, I can’t hide it under my pillow and I’m not going to follow Marco Polo over the silk road and bring back spices from the strange Kona people – and what is wealth anyway?  Does it make you happy?  It might.  It gives people opportunities I don’t have.  But it also gives them problems I don’t have. 

If you CHOOSE to believe, as I do, that whatever happened during the past ten thousand years isn’t predictive of what is going to happen tomorrow, and that the world has got itself into one hell of a mess and can’t get out of it intact, then I suggest you arm up and start farming enough food to feed yourself and your family.  But I can do that effortlessly because I am old enough not to give a damn anymore and I have no family and nothing to lose either way it goes.   My ‘use by’ date is going to come up one of these days no matter what – so I’m just along for the ride and I’m going to have as much fun as I can.  If I want to work on the farm from 04:00 to 08:00 and drink beer the rest of the day, good for me.  If it gets too hot and I decide a nap in a hammock is a good idea, I’m there.  I like writing, but I like reading, too.  If the power goes out I’m pretty sure the sun won’t – so I can still read. I don’t need any gold for that.

My friend Pat Takahashi put one of my articles in perspective here: http://planetearthandhumanity.blogspot.com/2011/07/survival-or-gold.html

My choice of precious metal is a rifle and sufficient ammunition to acquire food and present a credible defense of my farm against feral pigs, dogs and people.  No matter how much gold you have, my rifle trumps it.  Add a good knife and machete and a good stone to sharpen them.  With that and a lot of sweat, you are a farmer.  Farmers eat.  

I have several other priorities. A warm, dry, safe place to sleep and relax. The ability to make clean water and cook in any weather without electricity or gas; and the knowledge and preparation for providing a way to stay clean and main a sanitary environment without pressurized running water.

The world has never been a safe place and it still isn’t.  But if you know what the basics are, and have them, everything else is just fluff.



Hi Tom:
  I’m a new reader to your blog and bookmarked the page.  I’d like your view on Platinum.
  I bought several fractionals last year.  (1) Do you really think it’s as rare as they say (any “secret” mines they’ve suppressed?), and (2) do you think the price would fall sharply if the silver/gold prices go south?
  I’ve done well on my silver/gold speculation, but it’s starting to feel exactly like that–speculation, whereas it used to feel like “investment.”  I may stop buying gold/silver soon just because I don’t want to be holding it when they pull the plug.  I DO think there’s more money to be made on it…..but for how long is anyone’s guess.  Maybe another year (????)
  Thanks for your input, and thanks for your blog.  It’s a rational viewpoint that’s hard to come by in an increasingly irrational world.
  –Jo

in ONE freaking minute….

Trades only occur if there are people on both sides of the trade.  You can offer silver contracts or you can put in orders for silver contracts – all at a fixed price. But there has to be someone willing to take the other side or there is no trade.

The advantage of 'blind' markets is that when you toss your hat in the ring you have no control over who buys or sells it – and you don't care anyway.  While I agree that commodity markets are not that great, the advantage is that everyone has an equal chance to lose.  And, of course, that's why MOST trades occur OTC.

The fallacy with Brother John's suggestion is that a group of cabalists agreed to sell $10B in silver to each other until their own silver lost a percentage of it's value.  Yes and no.  There is a reason. 

I OWN 250 million ounces of silver so I'll just start selling it until it loses twenty bucks.  It's only a good idea if I am taking profit.  I take my profit out and then buy right back in at $20 an ounce less – which is exactly how commodity markets work.  And I can keep doing it over and over – if I am making only a dollar an ounce on 250 MILLION ounces, and I do it every day, it's not a bad deal but $20 is better.  If I own a seat on the exchange and am not paying a broker, I make $20 an ounce – a day – every day.

But wait, you ask!  What fool was willing to GIVE me all that profit?  Small individual investors who have small trading accounts.  Millions of them.  And I know that enough of them are going to buy every time I drop the price a few bucks – and they do – so as soon as I have taken my $250 million profit for the day and bought back in, the suckers are still buying because they are sure that THIS TIME it's going to keep going.  Why do people continue to do that?  

(H/T Patty Golden)

http://www.disinfo.com/2011/07/if-10-of-the-population-believes-a-stupid-thing-the-majority-will-too/

Nobody gives a shit about the debt ceiling.  They only care about the debt STEALING. I'll keep saying this:  The VALUE of silver isn't going up.  The PRICE is going up because the VALUE of the US dollar is dropping – because the US has a negative trade balance and can never recover from it.

Your silver is “worth” $40 an ounce today because someone in New York wants it to be.  individuals – people who don't buy 50,000 ounces at a time aren't 'in' on the great silver boom.  They are being led by a carrot on a stick.

In order for an individual to have 'enough', he (or she) would have to have enough to physically back a fiat currency and be able to issue the currency and have it accepted in general use.  If you don't have that much and you aren't a sovereign, you don't have enough to do anything – except lose your investment when those same people in New York decide to make your silver worthless.

I happened to be walking somewhere – probably Wal-Mart – and saw a commercial for Hawaiian Telcom.  They went on and on about buying local and how they were a local company and supported the local economy and I wonder how many people know who owns Hawaiian Telcom?  The Carlysle group.  George H.W. Bush's group of private investors – which includes a lot of Saudis.  Switch to them – get suckered again.

As far as turning the computers off for good, that would simply kill the markets.  You can't predict the future of technology, but you can make it ubiquitous. Small investors are out of the loop at this point anyway.
  

On Fri, Jul 29, 2011 at 21:56, robert petricci <nimo1767@gmail.com> wrote:

———- Forwarded message ———-
From: Mark Johnson <sierrasilver@charter.net>
Date: Wed, Jul 20, 2011 at 11:51 AM
Subject: in ONE freaking minute….
To: robert petricci <nimo1767@gmail.com>

BrotherJohnF has posted an excellent video that shows just how removed from reality the COMEX silver market is. He shows that in just one minute 50,000 contracts were traded on the COMEX silver market. That calculates out to 250M ounces of paper silver or $10B worth of physical silver. IN ONE MINUTE! You can see his video here:

Silver Update 71811 Caught in the act

http://youtu.be/Y–jCrDOSjk

 
Wow! That's a lot of silver. Brother John claims that these contracts were “dumped” on the market but I think that is highly doubtful. Who took the other end of those trades? Surely someone was not laying in wait for $10B worth of paper silver in that very minute.
 
What seems more likely is that this was a computer driven price manipulation carried out by members of the banking cabal (JPM? EWT? UBS?) trading back and forth to each other in order to SET the price at a lower level before things got really ugly with the debt ceiling debate. Computers trading back and forth to each other at such high volumes as to destroy true price discovery.
 
Sick, isn't it?
 
The good news is that it exposes, once again, that the silver manipulation is alive and well and there will be no FREE MARKETS in silver until the computers are turned off…for good!
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………..
 
ANYONE……I mean ANYONE who thinks the silver market is a free market is a MORON!!!!!!!!!!!!!!!!!!!!!!!!!!!and doesn't KNOW shit about the silver market….Mark

Why I'm not obese.

I decided I am hungry.  In my house, if I'm hungry, I feed myself.  No problem – usually.  I'm a pretty good cook if I'm in the mood. Tonight I'm just hungry and spaghetti sounds good.  

I already know I don't have 4 hours to make the sauce but I boil the pasta anyway.  It's kinda plain.  I toss the ketchup packets from McDonalds in.  It still needs something.  I remember that someone brought over a pizza from Pizza Hut a few years ago and I dig out the cheese packets.  That helps a little, but…maybe a packet of Newman's Own Ranch dressing.  Can't hurt!  Sort of an 'Alfredo' effect.
I remember that I pan-fried a pound of fresh, sweet cherry tomatoes in EVOO yesterday.  I toss that in. They aren't as good as fire-seared, but it's raining.  The spaghetti still needs something.  I remember that Housie tossed the remnants of a sausage McMuffin in the fridge about a week ago.  I found it and microwaved it for 60 seconds at 1100 watts.  The cheese didn't melt.  I diced it up and tossed out the back door. It'll probably be out there for a year.
I realize that I have cooked an impromptu epicurean delight and haven't eaten, but I'm no longer hungry. I settle for a Becks dark, a bowl of chocolate ice cream and three candy orange slices.  Now I feel sort of funny. Maybe it's time for a shower and a little sleep. 

Why I’m not obese.

I decided I am hungry.  In my house, if I'm hungry, I feed myself.  No problem – usually.  I'm a pretty good cook if I'm in the mood. Tonight I'm just hungry and spaghetti sounds good.  

I already know I don't have 4 hours to make the sauce but I boil the pasta anyway.  It's kinda plain.  I toss the ketchup packets from McDonalds in.  It still needs something.  I remember that someone brought over a pizza from Pizza Hut a few years ago and I dig out the cheese packets.  That helps a little, but…maybe a packet of Newman's Own Ranch dressing.  Can't hurt!  Sort of an 'Alfredo' effect.

I remember that I pan-fried a pound of fresh, sweet cherry tomatoes in EVOO yesterday.  I toss that in. They aren't as good as fire-seared, but it's raining.  The spaghetti still needs something.  I remember that Housie tossed the remnants of a sausage McMuffin in the fridge about a week ago.  I found it and microwaved it for 60 seconds at 1100 watts.  The cheese didn't melt.  I diced it up and tossed out the back door. It'll probably be out there for a year.

I realize that I have cooked an impromptu epicurean delight and haven't eaten, but I'm no longer hungry. I settle for a Becks dark, a bowl of chocolate ice cream and three candy orange slices.  Now I feel sort of funny. Maybe it's time for a shower and a little sleep. 

Why I drink.

A few hours later Housie comes home.  She has learned to yell a greeting when she opens a door in the middle of the night.  I asked her several times to no avail – finally I let off a few .45 rounds.  Now she does.

“I lost five pounds.”

I have no idea what she is talking about.  I wonder how she could possibly know.  I start devising analogies…a grain of sand blew off the Sahara desert.  A drop of water evaporated from the North Atlantic……

“We weighed in at Weight-Watchers” she says as she puts the bag of McDonalds double cheeseburgers on the counter.

“Ummm…McDonalds?”

“We all go there after weight-watchers.”

“Do you hear that whistle?”

“What whistle?”

“The train whistle.  That's the Clue Train and it's coming for you.”

“What are you talking about?”  She has that look.

“Weight watchers isn't going to do it.  Have you considered Hogwarts?  They have magicians.”

I'm talking to the wall again.  I grab a cheeseburger.

My belief system is collapsing – part of it, anyway.

I always believed that physicians seriously – almost religiously – continued their training on an ongoing basis after they began practice.  I also believed that they were sincerely interested in protecting the health of their patients and would order any necessary test or prescribe the necessary medication or, if it was not a prescription item, recommend the best natural cure to the patient.  Whatever in their knowledge and experience was best for the patient is what the doctor would do.

Those ideations, I belatedly discover at the age of 64, are total bullshit.  That does not mean I also believe 'big pharma', which has really existed only during my lifetime, went back and suppressed thousands of years of homeopathic cures which worked.  That makes no sense.  If they work…like aspirin…you don't suppress them – you sell them. You already have a winner!  You run with it.

I went to the dermatologist again yesterday.  No one knows what this is because, in two years, no one has ever cultured it for the dermatology department.  The only thing I am absolutely sure of is what doesn't work because they have already tried all of that.  I have had about five courses of Keflex for this in two years.  Nothing.  Guess what the dermatologist said.   I'll bet you have already guessed.  Oh. That's just impetigo.  A course of Keflex will fix that.  “Hey Doug”, I said.  “You have given me Keflex for this five times.  Here's an idea!  Culture it, find out what it is, and THEN decide what isn't going to work, you dumbass!  But no worries. You have heard of 'gender re-assignment, right?”

“Welll…yes….” he admits.  “OK, good.  I hate to explain it – it's kinda intense the way I do it.  Anyway, if this isn't completely gone by a week from Friday, I'm going to come back and reassign your gender to a 1.8.  Capice?”

“What's a 1.8?”

“I don't really know beforehand how these things are going to turn out.  It's mostly guesswork – you know – like the treatment I am getting from you.”

He looks dumbfounded and I get up and walk out.  For some reason there is still a law against tossing polluters out of the gene pool.  I already know I'm not going to take the Keflex.  By now I must be resistant to every biotic on the planet.  So I decide to cure myself.

I come home and start reading the advice emails….

'You are gluten-intolerant.  From now on eat only peanut-butter and banana sandwiches made from corn tortillas.'   [click]

'You are lactose-intolerant.  From now on drink only dog milk.'   I already do that, dumbass.   [click]

'You are an intolerant bastard!  From now on, kiss my…' [click]  I can't tolerate people like that.  Besides, what kind of daughter writes advice like that to her father?

'Rub hemp oil on it'.  The government has been suppressing the curative proper….[click]

'Rub coconut oil on it. Coconut oil is a good antibiotic which attacks lipid enveloped viruses and bacteria.  The active ingredient in coconut oil is lauric acid.  Lauric acid is produced in human milk and it is what gives babies their ability to fight infections when they are vulnerable.  Lauric acid kills lipid enveloped viruses and bacteria by lysing the lipid (fatty) outer coating of the organism and causing the organism to rupture.  Most antibiotics work by attacking the nucleus of the cell and when the nucleus evolves the organism becomes resistant.  But when you attack the outer envelope, an organism has much greater difficulty in becoming resistant.'    

He also mentioned topical silver.  H/T to my lawyer friend David G. Mills, who is also part doctor and provided all of that advice as well as the logic behind it.

YESSSSSSSSSS!   I call my friend who makes coconut oil and arrange to get a bottle.  Then I got out a couple of uncirculated 1795 Flowing hair bust dollars out of the bag and rigged up a colloidal silver generator.

I put the dollars into a jar of distilled water and watch them melt – then I drive up and get a bottle of coconut oil.  

When I get home, my 'housie' is back from her coven – or wherever she spends her time.  “What's that”?   “Bug butter”.  “What?”  “Bug butter.  You catch bugs and flies, mash them up and filter out the legs.  It's good for your skin.  Want some?”  I notice I'm talking to the wall, so I stop.

Checking the colloidal generator, I see the silver dollars have melted, so I turn it off. I  can't decide whether to make a colloidal silver-coconut oil remedy or not, so I don't.  Mt friend calls. “DON'T MELT THOSE DOLLARS!  THEY ARE WORTH $10,000 EACH!”  “Come get 'em. They are still in the jar of water. Maybe you can reverse the electrolysis.” 

Wandering back to my rathole, I keep reading email and see that Patty Golden sent me some good advice as well, but that's for next time.  The phone rings.  It's the orthopedic surgery department on Oahu. “When you were in for your knee follow up, the doc noticed that your finger is on crooked.”  “Yeah.  He also noticed that I didn't have any stitches.”  “Well, he gave you a referral to a hand surgeon.  Can you come on August 9?”  

I'm thinking the orthopedic guy doesn't like someone on Oahu – or, maybe he doesn't like ME.  I toss the coin.  “Sure.  I'll come over.  The free ounce of coffee they spill on you in the airplane is worth the trip.”

Housie walks down the hall. She's leaving again.  Maybe there IS a God. “Did you put the trash in my car?” she says.  

“I tried to, but it was locked.”

“Where is it?”

“Right in the driveway where you parked it.  HELLO, FLORIDA.”  I begin to snicker…

“WHERE IS THE TRASH?!?!?!”

“Oh.  On the hood of your car.”

It's a beautiful morning.

I have long advocated, and actively planned to be self-sufficient.  Not because I am a latter-day Boy Scout – because, to quote a brilliant economist I know quite well  – myself – "We are off the cliff and in free-fall. All of the rhetoric about "landing on our feet" doesn't matter.  The problem is running out of air." We are going to splatter.  Everyone in the effing world knows it.  My only fear is that the chickenshit sissies who grew up listening to Dr. Seuss and the Muppets  and Mr. Rogers instead of Roy Rogers, Rocket Man and Rin-Tin-Tin won't be able to stand up and be men when the country needs men.  Half the people in this ridiculous state don't believe firearms are legal at all and the other half are convicted felons and can't own a firearm. Convicted felons – for marijuana!  How goddamn stupid is it to make plants illegal?   Worried about sharks?  Make them illegal.  It ought to be illegal to make anything illegal. I could actually understand restricting someone's right to a firearm if they have demonstrated irresponsible behavior – like 'Shoot 'em again Sven', the Norwegian who leisurely shot over 200 sitting ducks over a period of hours and still killed less than half of them….or the LAPD shootout when two armored gunmen with automatic weapons shot at everyone in sight for hours and managed to kill NO ONE AT ALL – oh – except themselves.  OK, maybe Sven shouldn't have a rifle.  Following that logic though, people convicted of growing marijuana shouldn't be allowed to buy fertilizer.  What happened to making the punishment fit the crime?  Confiscating people's property is no more and no less than legally sanctioned theft – just like selling robo-mortgages and then illegally repossessing the homes.  That's going to come to a screeching halt in about a New York minute. Ok, rant over.  I can phrase this literally.  Half the people in Washington are arguing over who pushed the country off the cliff.  That argument cannot be determined and serves no purpose.  The other half are arguing about how large a parachute to toss over the cliff after the country. That doesn't matter either. The parachute can't fall fast enough to catch the country.  There is actually a third line of thought.  The 'don't worry, be happy' crowd who think the flow of cool air feels good and the sand at the bottom looks pretty soft- so why worry about details like terminal velocity? Personally, I never cared enough about money to save any at all in the form of liquid assets.  I have toys, and I have everything a small town would need to survive on a remote island – and what I don't have, I know how to make or I know who does have it.  I have nothing to lose, so I see this as a grand, epic drama, years in the making – except it's not like a television.  When it gets to the part no one likes, they won't be able to turn it off.

It’s a beautiful morning.

I have long advocated, and actively planned to be self-sufficient.  Not because I am a latter-day Boy Scout – because, to quote a brilliant economist I know quite well  – myself – “We are off the cliff and in free-fall. All of the rhetoric about “landing on our feet” doesn't matter.  The problem is running out of air.”

We are going to splatter.  Everyone in the effing world knows it.  My only fear is that the chickenshit sissies who grew up listening to Dr. Seuss and the Muppets  and Mr. Rogers instead of Roy Rogers, Rocket Man and Rin-Tin-Tin won't be able to stand up and be men when the country needs men. 

Half the people in this ridiculous state don't believe firearms are legal at all and the other half are convicted felons and can't own a firearm. Convicted felons – for marijuana!  How goddamn stupid is it to make plants illegal?   Worried about sharks?  Make them illegal.  It ought to be illegal to make anything illegal.

I could actually understand restricting someone's right to a firearm if they have demonstrated irresponsible behavior – like 'Shoot 'em again Sven', the Norwegian who leisurely shot over 200 sitting ducks over a period of hours and still killed less than half of them….or the LAPD shootout when two armored gunmen with automatic weapons shot at everyone in sight for hours and managed to kill NO ONE AT ALL – oh – except themselves.  OK, maybe Sven shouldn't have a rifle.  Following that logic though, people convicted of growing marijuana shouldn't be allowed to buy fertilizer.  What happened to making the punishment fit the crime?  Confiscating people's property is no more and no less than legally sanctioned theft – just like selling robo-mortgages and then illegally repossessing the homes.  That's going to come to a screeching halt in about a New York minute.

Ok, rant over.  I can phrase this literally.  Half the people in Washington are arguing over who pushed the country off the cliff.  That argument cannot be determined and serves no purpose.  The other half are arguing about how large a parachute to toss over the cliff after the country. That doesn't matter either. The parachute can't fall fast enough to catch the country.  There is actually a third line of thought.  The 'don't worry, be happy' crowd who think the flow of cool air feels good and the sand at the bottom looks pretty soft- so why worry about details like terminal velocity?

Personally, I never cared enough about money to save any at all in the form of liquid assets.  I have toys, and I have everything a small town would need to survive on a remote island – and what I don't have, I know how to make or I know who does have it.  I have nothing to lose, so I see this as a grand, epic drama, years in the making – except it's not like a television.  When it gets to the part no one likes, they won't be able to turn it off.