This Guy Plans 2 Kill “Paper” Silver

Bob Coleman, a physical gold and silver bullion fund manager in Idaho, says he’s ready to take on COMEX and break the back of “paper” silver. He has sent legal notice to the CME/COMEX and CFTC (the regulators overseeing COMEX trading) warning them of his intention to take physical delivery of  between 1 million and 5 million ounces of silver per month.

His letter, in part. (Click it to read more.)

Bob talks about his intentions, “Our programs are determined to follow the rules of the exchange and take physical delivery of their inventory for as long as possible. The structure of our programs and vaulting facilities are very unique and have been designed to fully insure and segregate all physical precious metals. The storage is independent from the financial and bullion dealer system. We specialize in providing private storing, safeguarding, and viewing of your assets. We have made arrangements with armored transportation carriers to pick up, transport, and store the metal to many of our available vaults.”

If Bob follows through, and you and I should hope he does, his actions could finally break COMEX’s back and stop the illegal manipulation of the silver market. If industrial users of silver are unable to “get physical” expect the price to explode as they scramble to meet their needs.

My aside: It is no secret that the “paper” price of silver and the “physical” price of silver no longer match up. COMEX has “paper” silver pegged at $9.36/oz as I write this, but it is impossible to purchase “physical” silver at this price. eBay has become a more accurate indicator of silver’s true price. (Click the image to get a list of the most recent sale prices of Englehard & Johnson Matthey 100 oz bars on eBay.) Current eBay pricing is running $13.01/oz to $14.92/oz.

Let Bob know you support his efforts! Contact him at 208-468-3600 or at profitsplus@cableone.net.
Go, Bob, go!

Let’s join Jim Sinclair and Bob Coleman and BUST COMEX gold and silver!

Vaporize COMEX CountDOWN

Sinclair Sez “Help Me Bust Comex”
Attack of COMEX Gold & Silver
Warning: COMEX May Default on December Gold
How 2 Track COMEX Deliveries
Gold: Is This It, NOW?

◊◊◊◊ Now: Gold @ $733.10, Silver @ $9.36, USDX @ 86.37 ◊◊◊◊
◊◊◊◊ Now: DJIA 8,378.95

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14 Responses

  1. My exchange with Bart Chilton:

    Chairman Bart Chilton and Colleagues,

    As a small private investor in precious metals, I have watched time after time as the CFTC has failed to live up to its charter as a regulatory body. Now it has gone too far.

    The current situation is analogous to the police responding to reports of a bank robbery in progress by calling the robbers to let them know they are en-route to the scene, then helping them carry off the loot, directing traffic to allow for a clean getaway; all the while claiming to be investigating the allegation of robbery. Then, after the fact, going through linguistic contortions to show how taking money by force at gun point is only a crime if you are a private citizen and not another larger bank that is in context merely vigorously relocating assets and creating their market.

    Your own published data is the evidence you claim to be seeking into manipulations of the gold and silver markets. Ignoring and obfuscating these blatant manipulations have sent a message to traders, miners, industrial users and investors the world round: The CFTC is now viewed by many as an accomplice in these frauds. This is damaging to our nation on many levels. As a citizen, I view you as personally complicit in these crimes.

    By exerting the power of your office to assist in the consolidation of resources (financial, natural and human) for JP Morgan and friends (again) at the duress of the populous, you assure your own fate.

    You are assisting in the destruction of our Republic for the dubious goal of setting the stage for one world government and monetary policy. YOU will be held accountable, not by the politically corrupt and morally bankrupt Justice Department, but by the angry mob of those who have been financially destroyed by your aggressive cowardice.

    Naturally, you are compromised and are not allowed, or unwilling, to function in the capacity for which your office was designed. You are acting on behalf of your owners in the IMF, Central Banks, and federal Reserve. You do this to protect your status and illusory position of power. You must exert yourself to do the hard thing, the right thing, and prosecute the banks exerting illegal downward pressure on precious metals markets before the dollar is destroyed.

    You have more than your job, power and wealth at stake. Look to history and see what has happened to those who have devalued their nations currency and looted its real capital, its citizens. Understand that this is the fate you are choosing when you ignore the escalating calls for justice long denied.

    The breaking point is upon us. Do not fall for the rhetoric of politicians and the machinations of the power elite. Their time is ending. You and the CFTC have lost your legitimacy in the college of world opinion. You will not be able to save your wealth but you may be able to save your life and name for posterity. I suggest you invest in a whistle and start blowing it NOW if you hope to avoid the natural retribution for which your inaction calls.

    The massive, unsupportable, short positions in the silver market have created the greatest disconnect between the paper and real price of silver IN RECORDED HISTORY. That is supposed to trigger action from the commission you chair. That you have failed to respond effectively can only mean that you are unable or unwilling to do your job.

    The coming revolution in the world will not be underscored by intellectual dogmas of liberal and conservative think tanks. As modern methods of propaganda begin to lose hold against the natural catalyst of hunger, desperation and the enlightenment reality brings, the political pitch will be replaced by the pitchfork. The glow of television sets replaced by the torches of citizens. People who rely on the god that animates their hearts and minds and memories will define the future.

    In as much as you exert yourselves to defend those set on the destruction of our sovereign state and households, through the devaluation/elimination of our currency, and therefore the “Good Faith and Credit” of the American people, you may be assured that those thus deprived are prepared to return your investment with phenomenal interest. Dividends payable only in “lump sum”.

    The value being destroyed by these manipulations is representative of our lives and we will defend them according to the mandates of our founding fathers (some my ancestors) and your REAL employers.
    GET TO WORK!
    Tired of official lies, double speak, cronies and cowards,

    Woodrow Wilson’s great grand nephew.
    From: Chilton, Bart
    Subject: RE: CFTC complicit in crime.

    Date: Monday, January 5, 2009, 6:01 PM

    Dear Mr. Hatcher:
    I’m really not sure where to start. I’m not the chairman. I have been the one calling for the investigation. I’m not in anyone’s pocket. I work for you. That said, I won’t be ridiculed by my boss. How about this for starters? Are making a threat with your “YOU will be held accountable, not by the politically corrupt and morally bankrupt Justice Department, but by the angry mob of those who have been financially destroyed by your aggressive cowardice.” I’d like to know that. I take pride in trying to respond to folks who have written to me in a serious fashion, but if you are making a direct threat, as it appears you are, I’d rather simply know that. I’m not sure it is of value to communicate if that is the case.

    B

    Dear Mr. Chilton,

    Thank you for your reply. I was in error and misspoke by addressing you as chairman. I am aware that you are the Commissioner of the CFTC. I apologize for the misclassification.

    My intentions for writing are to make you aware of rapidly deteriorating confidence of citizens in government, particularly the regulatory bodies of the financial industry, CFTC and the SEC.

    To answer your question, no, I am not making a threat. I think that would be counterproductive, dangerous (stupid) and would not advance the cause of trying to salvage our faltering economy. That is my goal as it should be yours.

    My hope is to impart warning and place in context (historically) the seriousness of the current situation concerning the manipulation of prices in the precious metals markets. If I have given you the impression that I am personally threatening you then I have failed my objective. I will attempt to clarify and rectify that error as I feel you are uniquely placed to have a dramatic impact on the mental and fiscal health of citizens in this country and in fact around the world.

    The decisions that you are in a position make influence the lives of millions of people on a visceral level.

    The picture that is emerging in light of the manufactured financial “crises” we face today is of one set of rules for the common folk, another for the investor class and a third, never spoken of set, for those who see themselves unable to lose and feel they must control all aspects of the “market”. The objectives of the IMF, the World Banks, the Bilderburg Group, Trilateral Commission, CFR, etc., for a global economy seem to desire the elimination of the middle class.

    That the CFTC has repeatedly ignored their own evidence concerning the obvious downward pressure placed on these commodities by a very few top tier banks short positions, gives the appearance of either complicity or collusion. That you are appointed by an administration of highly questionable ideology (This coming from a former delegate for Ronald Reagan) lends to a sense of culpability for anyone in your position.

    Millions of people in this country are just beginning to feel the shock of having their livelihoods destroyed; their savings for retirement wiped out, and now, are being told that their grandchildren are to be born into the debt of financing the confiscation of their wealth and property. This engenders desperation and anger.

    That sense is growing faster than you can be aware without people (like mself) taking the time (and risk) of informing you of the gravity of the situation. When desperate people feel they have nothing to lose; at a certain point they retaliate. As a political scientist it is a fact you are, or should be, well aware of. I believe that we as a Nation are close to that point now.

    The perception that has been generated is that the CFTC has been either induced by coercion or ideology to assist in the modern version of the consolidation of every thing of intrinsic value into the ownership of a few elite global bankers. Like the last time, only much bigger.

    This is an attempt by the owners of the monetary system to temporarily shore up the value of the dollar and to hold smaller banks heads under the water. Investors and institutions that hold metal in reserve either can not get out of their positions to meet margin calls, dividends, and cash calls (bank withdrawals) or have to sell larger stores to do so. When the smaller banks begin to default, JP Morgan buys them up for pennies on the dollar and does so with unregulated bailout dollars, or, they buy up the silver and gold they manipulated down, cheaply. Either way they win the investor losses. They are actually being paid for the assets they are acquiring. When the consolidation phase is complete the dollar will be demonetized and the new currency released at a small fraction of the value. (Isn’t that the plan?)

    You and perhaps only you (at first) could send a powerful message to those who would seek to diminish or eliminate the social equity in our markets, the sovereignty of our Nation State and the value of our currency. By enforcing the same rigorous standards for all investors at ALL levels. It is because of your position and role in this critical juncture for our country that I refer to YOU personally. People are fed up with government investigations that begin with a predetermined conclusion. Those days are ending.

    The CFTC stopped the Hunt brothers in ’71 and clipped Warren Buffet when he made his play. Yet the massively larger positions held by just two banks is ignored or worse sanctioned. The desired effect has been accomplished and billions of dollars lost in a bourse with ancient traditions for “fair” dealing. People who need now to depend on their positions in their precious metal hedges are not able to get accurate value on their holdings. The refuge of the forward thinking investor is being destroyed by these tactics and people are waking up to the fact! The message is sent that if you are one of the owners of the “Federal” reserve you can nakedly short a commodity with your failing institution and the Government will charge the taxpayer to have you bought by another larger bank with even larger short positions, no foul. It is wrong to allow it. Common people are aware of it.

    If you work for me as you say then you can explain why when you were alerted to gross malfeasances tantamount to theft of treasury level assets, did you announce your deployment of enforcement (warning them?) but fail to prevent the crime? Why are you allowing these institutions to make a mockery of the concept of “Fair Trade” when so many classes of synthetic U.S. investments are being revealed as outright frauds? Why would the CFTC assist in the degradation of a market that has survived all nations, empires and their currencies, when Americans need it most for repair?

    The facts are irrefutable as to the effects of these most recent manipulations. If you read in the paper that bread was $5.00 a loaf but your grocer tells you that he has some in store not for sale at any price, you would know something is wrong. The precise scenario occurred to me in New Orleans a week before Christmas when I inquired about purchasing Silver Maples in a coin shop. A month prior I paid a nearly 40% premium for a roll of the same bullion in Maryland . The following week they were out again when I got the last few coins. It is the same the world round. How can the price of a commodity that has had increasing demand in the face of decreasing production continue to fall? The past investigations by the CFTC into complaints about price manipulations in the precious metals markets shows that it is predisposed to finding nothing wrong with these shorts and ignores the question to what degree they are leveraged.

    The invective you have mistaken for threat is an attempt to reach you at a level beyond the dogmatic mindset of those who appointed you and to whom you owe your title. I had hoped to convey the seriousness of what I perceive to be a philosophical flaw in your interpretation of what “fair market making” is and the potential consequences in the aftermath of the ensuing environment.

    My perceptions of the state of affairs are drawn from a broad and close contact with an highly diverse cross section of the populous in the U.S.A. I have learned to filter propaganda better than I had ever hoped to have to learn. I am exposed to people from every region of the country and have traveled constantly for over 15 years. I am a law abiding citizen. I have no particular political leanings but hold the tenants of our Constitution and Bill of Rights in very high esteem. I am unaware of any direct threat to you personally beyond an historical context that you have entered. If I were, I would apprise you or the authorities to that effect. I do believe that you are in a critical situation with regards to the legitimacy of our markets at a point that will be magnified by history. I have very good intelligence to that effect.

    I am attempting to admonish you on an academic and human level. The stage is set for serious consequences as confidence in Government faces its greatest erosion in history. That much is inevitable. The decisions that you make are going to establish its intensity and duration.

    I hope that this will provide a basis for you to find value in this communication. I would be interested in hearing your response to my questions and appreciate your time in consideration of this missive.

    L

    Chairman Bart Chilton and Colleagues,

    As a small private investor in precious metals, I have watched time after time as the CFTC has failed to live up to its charter as a regulatory body. Now it has gone too far.

    The current situation is analogous to the police responding to reports of a bank robbery in progress by calling the robbers to let them know they are en-route to the scene, then helping them carry off the loot, directing traffic to allow for a clean getaway; all the while claiming to be investigating the allegation of robbery. Then, after the fact, going through linguistic contortions to show how taking money by force at gun point is only a crime if you are a private citizen and not another larger bank that is in context merely vigorously relocating assets and creating their market.

    Your own published data is the evidence you claim to be seeking into manipulations of the gold and silver markets. Ignoring and obfuscating these blatant manipulations have sent a message to traders, miners, industrial users and investors the world round: The CFTC is now viewed by many as an accomplice in these frauds. This is damaging to our nation on many levels. As a citizen, I view you as personally complicit in these crimes.

    By exerting the power of your office to assist in the consolidation of resources (financial, natural and human) for JP Morgan and friends (again) at the duress of the populous, you assure your own fate.

    You are assisting in the destruction of our Republic for the dubious goal of setting the stage for one world government and monetary policy. YOU will be held accountable, not by the politically corrupt and morally bankrupt Justice Department, but by the angry mob of those who have been financially destroyed by your aggressive cowardice.

    Naturally, you are compromised and are not allowed, or unwilling, to function in the capacity for which your office was designed. You are acting on behalf of your owners in the IMF, Central Banks, and federal Reserve. You do this to protect your status and illusory position of power. You must exert yourself to do the hard thing, the right thing, and prosecute the banks exerting illegal downward pressure on precious metals markets before the dollar is destroyed.

    You have more than your job, power and wealth at stake. Look to history and see what has happened to those who have devalued their nations currency and looted its real capital, its citizens. Understand that this is the fate you are choosing when you ignore the escalating calls for justice long denied.

    The breaking point is upon us. Do not fall for the rhetoric of politicians and the machinations of the power elite. Their time is ending. You and the CFTC have lost your legitimacy in the college of world opinion. You will not be able to save your wealth but you may be able to save your life and name for posterity. I suggest you invest in a whistle and start blowing it NOW if you hope to avoid the natural retribution for which your inaction calls.

    The massive, unsupportable, short positions in the silver market have created the greatest disconnect between the paper and real price of silver IN RECORDED HISTORY. That is supposed to trigger action from the commission you chair. That you have failed to respond effectively can only mean that you are unable or unwilling to do your job.

    The coming revolution in the world will not be underscored by intellectual dogmas of liberal and conservative think tanks. As modern methods of propaganda begin to lose hold against the natural catalyst of hunger, desperation and the enlightenment reality brings, the political pitch will be replaced by the pitchfork. The glow of television sets replaced by the torches of citizens. People who rely on the god that animates their hearts and minds and memories will define the future.

    In as much as you exert yourselves to defend those set on the destruction of our sovereign state and households, through the devaluation/elimination of our currency, and therefore the “Good Faith and Credit” of the American people, you may be assured that those thus deprived are prepared to return your investment with phenomenal interest. Dividends payable only in “lump sum”.

    The value being destroyed by these manipulations is representative of our lives and we will defend them according to the mandates of our founding fathers (some my ancestors) and your REAL employers.
    GET TO WORK!
    Tired of official lies, double speak, cronies and cowards,

    Woodrow Wilson’s great grand nephew.

  2. W….T…..F are you talking about?? what on this earth makes you think at this point we as INDIVIDUALS give one crap what happens to this pathetic excuse for a government? I think its very special that people want peace and harmony for ever. unfortunately Individuals get sick of getting stepped on for the sake of the many, thus war is inevitable. Until the masses except that Individuals must be free then all these stupid governments will NEVER work! “Give me liberty or give me death” -Patrick Henry, an Individual. You hate the truth don’t you? The only thing more powerful than the individual is ACCEPTANCE. Give it a try.

  3. Everyone should go to Fed reserve site and look up the documents of the planned sales climaxing in 2011. The main document was written in 1997. Be careful when planning something like this. Big brother is always one step ahead. Maybe more. Working with the government instead of against it has been very lucrative for thousands of years. (Haliburton anyone) There is nothing new under the sun except technology. Man is and probably alway will be irrational until maybe we become cyborgs. Cant wait for some memory augments and a math co-processor (Scientist joke). The banks are stressed (Bank of America – Gold) (JP Morgan-Silver) and the government does not want anymore headaches or world wide turmoil. Something like this plan trying to collapse the COMEX of a government sponcerned plan would and could be defined as financial Ter-orism. People involved in it can become accomplices in trying times like we have today. This message I am leaving is not something I want to do but I care for the people involved. All I’m saying is have a bit of wisdom and not just blind secular ambition. Give to Ceasar what is Ceasars for now. Let the government do what it wants and after it is over (2012) they dont care anymore and we will be free to do whatever we want. Get in line or get runned over. That is the real truth so be careful Mr Sinclair. Your right that it should stop and be exposed but your wrong on your timeline. God Bless and I pray you have the wisdom to know when to act. Instead of being part of the 300 Spartans be part of the 50 thousand Alexandrians and spread the freedom of honest money.

  4. […] of COMEX Delivery Bob Coleman, the guy I wrote about in This Guy Plans 2 Kill “Paper” Silver, has posted a story on his blog about the perils of taking delivery from COMEX.     Read the […]

  5. Scott, wouldn’t it be something if we could establish and promote a legal fund through your site or maybe David Morgan’s that would offer a reward to any individual or individuals that would come forward and expose this obvious Comex crime in progress. We could get this out to all the big PM sites and ask for donations to a registered account. No one to date has offered this idea so far, but I think it could work, as there are many people interested in the outcome. There has to be a few underlings working at the Fed, Comex, etc. that are aware of the crime but have not considered coming forward and testifying with info that could really bust this crime in progress.

  6. […] More info: – Gold: Is This It, NOW? – Attack of COMEX Gold & Silver – How 2 Track COMEX Deliveries – Sinclair Sez “Help Me Bust Comex” – This Guy Plans 2 Kill “Paper” Silver […]

  7. This is a great site love your articles

  8. We’re with you Bob!

    Our graphs are tracking paper vs physical gold and silver prices, and comparing the resulting premiums.

    Please leave ideas & feedback in the forum if you like it!

    Cheers,

    silverbids.com

  9. […] This Guy Plans 2 Kill “Paper” Silver Possibly related posts: (automatically generated)Attack of COMEX Gold & SilverAndrew Wilshire Gold and Silver Surge ComingGene Arensberg: Bring the bullion banks down – take metal off ComexDeflation or hyper-inflation? Gold or bonds? […]

  10. […] This Guy Plans 2 Kill “Paper” Silver […]

  11. […] This Guy Plans 2 Kill “Paper” Silver Possibly related posts: (automatically generated)Sinclair Sez “Help Me Bust Comex”Gold futures surrender 2% in broad metals pullbackGold rises for fifth day on falling dollar, GDP dataGold slides 1%, erasing part of Friday’s rally […]

  12. […] This Guy Plans 2 Kill “Paper” Silver Possibly related posts: (automatically generated)Sinclair Sez “Help Me Bust Comex”SmartWay is the smart way to transportAlex Delivery: Sheath-WetCustomers Assurance […]

  13. […] Jim Sinclair and Bob Coleman and BUST COMEX gold and silver! Sinclair Sez “Help Me Bust Comex” This Guy Plans 2 Kill “Paper” Silver Warning: COMEX May Default on December Gold◊◊◊◊ Now: Gold @ $876.00, Silver @ $13.22, […]

  14. […] John Embry has warned: Warning: COMEX May Default on December Gold  Bob Coleman is doing the same for silver: This Guy Plans 2 Kill “Paper” Silver […]

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