Gold & Silver Forum (http://goldismoney.info/forums/index.php)
- Gold - Silver - Coins - Numismatics (http://goldismoney.info/forums/forumdisplay.php?f=51)
- - Buffett's orchestrated plan to break CRIMEX control (http://goldismoney.info/forums/showthread.php?t=35749)

BeefJerky | 05-06-2006 12:13 AM
Buffett's orchestrated plan to break CRIMEX control Thinking about the ETF and the amount of Silver they are purporting to be taking off the market. I believe that Barclay's has a line of supply from a consignor (a lot of people have speculated Buffett). This is logical based on price action. 38+ million ounces in the coffers so far. Could Buffett be orchestrating a return on his investment. He purchased 20% of above ground supplies before receiving requests from the Government to cease and desist, to which Berkshire complied. He obviously saw the Silver Story and bought it hook line and sinker. Now he's no Hunt. The sellers regained control after his buying stopped at a level short of causing delivery defaults. His purchases became public knowledge and the overhanging available supply was discounted by the market participants. So, what would the play be? Buffett didn't actually directly pre-sell the ozs. to Barclay's at a set price. He has cosigned them.He is using them as a facilitator to drive price and increase speculation and demand in a market that he controls 20% of the above ground available supply. He will also use them to break the COMEX and get a true reflection in the POS based on the fundamentals. Hence, Buffett's orchestrated plan to break CRIMEX control. His stored silver guarantees supply to back the shares being sold. They never don't have it. Then the demand is used to demand more through futures delivery from CRIMEX for delivery as replacement of the Buffett inventory. Buffett may not directly accumulate more ounces, but he will certainly add value to his existing hoard and put pressure on the manipulators. After the shares are fully distributed his overhanging supply is effectively eliminated. There also is a liquidation channel established to be used at whatever price level he decides to cash out at. At whatever price level he chooses at his discretion. Anybody that follows this guy knows he's not much on SELLING. :getdown: :getdown: :birthday: :birthday: :elefant: :elefant: :cool2:

Pragmatist | 05-06-2006 12:46 AM
Re: Buffett's orchestrated plan to break CRIMEX control I do not believe that Buffett has all the silver that he once owned. He lost posession of a hunk of it when Enron went down. IMO. Hopefully I Am Wrong Prag

DrillAndFill | 05-06-2006 04:50 AM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by Pragmatist I do not believe that Buffett has all the silver that he once owned. He lost posession of a hunk of it when Enron went down. IMO. Hopefully I Am Wrong
Actually, I hope you're right. If Buffet's hoard is gone or diminished, that's 100 Moz or so less silver aboveground to depress the supply. I hope he sold it all a while ago. By the way: Thanks, BeefJerky, for posting the first good explanation for why Buffett might be selling into this bull market. Yours is the first plausible explanation for why he might be providing Barclays' supply.

hoarder | 05-06-2006 06:56 AM
Re: Buffett's orchestrated plan to break CRIMEX control There are two categories of people....insiders and outsiders. If Buffet is an insider, which I certainly believe he is, there is no way in hell he would disrupt the interests of the fiat monetary regime. TPTB want PM prices low and want their green toilet paper to be revered by the masses. If Buffet were not a cooperative insider he would be subject to smear by the mass media and all his financial dealings would be scrutinized by the SEC and other controlled agencies. I think all his silver has been used as an insurance policy for the shorts the last few years. An insider would not have bought physical silver as an investment...no way Jose.

NUTS! | 05-06-2006 07:48 AM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by hoarder There are two categories of people....insiders and outsiders. If Buffet is an insider, which I certainly believe he is, there is no way in hell he would disrupt the interests of the fiat monetary regime. TPTB want PM prices low and want their green toilet paper to be revered by the masses.
That's making the assumption that they want the monetary regime to stay in it's current form. We've had fiat money for so long, I think that a monetary collapse will simply be an opportunity to replace the current fiat money with one that's even more advantageous.

hoarder | 05-06-2006 07:56 AM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by NUTS! That's making the assumption that they want the monetary regime to stay in it's current form. We've had fiat money for so long, I think that a monetary collapse will simply be an opportunity to replace the current fiat money with one that's even more advantageous.
What could possibly be more advanageous to TPTB than a system already in place whereby they can "issue" trillions at will and never be audited and be backed by legal tender laws? I think the current system will be defended tooth and nail until such time as they manage to implement world government.

hystckndle | 05-06-2006 08:02 AM
Re: Buffett's orchestrated plan to break CRIMEX control The millions of ounces are indeed coming from somewhere. It is indeed a major supply. Bigger than major. It is a large percent of both the available supply and / or a years production. And they are not being delayed like the Canadian purchased last year. I agree that if he was dumping the PTB would be all over him if he was acting seperately. He is definately an insider. And he knows what is going on. Seems to me, if the market available supply is as tight as it is reported to be ( Butler and others ) then the price hasn't reacted to the upside enough taking into the account that 38 million ounces have been ETF'd. But whadda I know...I am just trying to figure it out. Regards, Haystackneedle.

Waypoint-Trading | 05-06-2006 08:49 AM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by BeefJerky So, what would the play be? Buffett didn't actually directly pre-sell the ozs. to Barclay's at a set price. He has cosigned them.He is using them as a facilitator to drive price and increase speculation and demand in a market that he controls 20% of the above ground available supply. He will also use them to break the COMEX and get a true reflection in the POS based on the fundamentals. Hence, Buffett's orchestrated plan to break CRIMEX control. His stored silver guarantees supply to back the shares being sold. They never don't have it. Then the demand is used to demand more through futures delivery from CRIMEX for delivery as replacement of the Buffett inventory.
I think the Beef may have something here. If it is true then the options activity for July delivery will be very interesting! When Barclays takes an option on how much they need and actually take delivery (oh horror of horrors for the shorts) it won't matter what engineered selloff there is in the market. Barclays will have already locked in their price and take delivery. Can you say silver rocket??

SilverStreak | 05-07-2006 07:32 PM
Re: Buffett's orchestrated plan to break CRIMEX control On sat May6 David Morgan sent a special memo out as to Buffet Silver as was announced at the Berkshire hathaway annual meeting on Sat that they are completely sold out of silver as of last yzero remaining --Now that is bullish

lhslancers | 05-07-2006 07:37 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by SilverStreak On sat May6 David Morgan sent a special memo out as to Buffet Silver as was announced at the Berkshire hathaway annual meeting on Sat that they are completely sold out of silver as of last yzero remaining --Now that is bullish
Yes exactly. The overhang is gone. I don't care why he sold it or at what price. If given the choice re: metals I will listen to Russell Dines and Sinclair not Buffett.

Curtman | 05-07-2006 07:46 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by lhslancers Yes exactly. The overhang is gone. I don't care why he sold it or at what price. If given the choice re: metals I will listen to Russell Dines and Sinclair not Buffett.
That silver never hit the market. So what? HE had that meeting with Bill, Do you suppose Gates has it all now? They were both buying Pan Am. I think it is all in one big vault not spread out in the field.

BeefJerky | 05-07-2006 07:51 PM
Re: Buffett's orchestrated plan to break CRIMEX control No reason, to think Buffett is lying provided reports are true. I wasn't at the meeting and so far it is a report from one source. I like Curtman's idea. Transfer of ownership. Then execute the attack.

lhslancers | 05-07-2006 07:54 PM
Re: Buffett's orchestrated plan to break CRIMEX control Buffett has been a paper hanger his whole life. He has never come out for honest money. Ever. What makes you think he wants to break the Comex?

Curtman | 05-07-2006 07:57 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by lhslancers Buffett has been a paper hanger his whole life. He has never come out for honest money. Ever. What makes you think he wants to break the Comex?
He is loyal to nobody. Breaking COMEX is nothing, remember, he made tons by betting against the dollar.

BeefJerky | 05-07-2006 07:58 PM
Re: Buffett's orchestrated plan to break CRIMEX control Just having fun theorizing.:elefant: :elefant: Who the hell really knows what is going on?

BeefJerky | 05-07-2006 08:04 PM
Re: Buffett's orchestrated plan to break CRIMEX control This is what he wrote in his annual report to shareholder's when he purchased it. "Our second non-traditional commitment is in silver. Last year, we purchased 111.2 million ounces. Marked to market, that position produced a pre-tax gain of $97.4 million for us in 1997. In a way, this is a return to the past for me: Thirty years ago, I bought silver because I anticipated its demonetization by the U.S. Government. Ever since, I have followed the metal's fundamentals but not owned it. In recent years, bullion inventories have fallen materially, and last summer Charlie and I concluded that a higher price would be needed to establish equilibrium between supply and demand. Inflation expectations, it should be noted, play no part in our calculation of silver's value" So, he bought it for a 100% return? Does he usually buy items for that kind of return? Does he usually get pressured to cease and desist from TPTB? I think it just wasn't worth it for him once the screws were tightened.

Frosty | 05-07-2006 08:06 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by lhslancers Buffett has been a paper hanger his whole life. He has never come out for honest money. Ever. What makes you think he wants to break the Comex?
I have to agree Buffet, even though his father, an senator in the fiftes fought for gold and silver standard, sold out along time ago with greenspan. I ran across this article a few years, it made me take a closer at buffet and Schwartzenegger. http://www.infowars.com/headline_pho...old_buffet.jpg Rendezvous Infowars.com -- Yet Another Arnold-NWO Link Check out this AP story, archived on an Arnold Schwartzenegger fan website, which documents Arnold's and Buffet's 2002 meeting in the Rothschild ancestral home. ARNOLD & BUFFETT's LOADED ELEPHANT GUN? Buffett's Back, with the Terminator! Reported By: Reuters Tuesday, September 24, 2002 WADDESDON MANOR, England (Reuters) - The world's second-richest man dropped into the English countryside with the Terminator at his side on Monday, a day after warning the UK's corporate big game his elephant gun was loaded. Billionaire Warren Buffett and mean machine Arnold Schwarzenegger touched down by helicopter on the immaculate lawns of Waddesdon manor, a Renaissance-style chateau in the undulating hills of Buckinghamshire. Buffett, 72, is guest of honor at a closed two-day meeting of some of the world's most powerful businessmen and financiers -- the ultimate networking opportunity. The get-together in the ancestral home of the Rothschild banking family will discuss economic and political issues, the organizers said. But Buffett's remark, made in a weekend newspaper interview, that he is looking for a "big deal" in Britain has stolen the agenda. "We are hunting the elephant... We have got an elephant gun and it's loaded," Buffett told the Sunday Telegraph. Among those invited to Waddesdon Manor were the likes of James Wolfensohn, president of the World Bank, Jorma Ollila, chief executive of Nokia and De Beers chairman Nicky Oppenheimer. Schwarzenegger was on the guestlist as a celebrity customer of the conference sponsor NetJets Inc, a private jets business owned by Buffett's Berkshire Hathaway Inc.. This year's stock market carnage is made for Buffett, the billionaire Oracle of Omaha, Nebraska. A godsend for firms who need cash quickly, he has more than $7 billion in cash on hand, and can set-up iron-clad deals in a day. His philosophy is simple: "Work out how much it will pay out from now until Judgement Day, then discount it back and buy it cheaper," he told shareholders at his annual meeting in May, when asked for the secret of his success. A procession of black cars with darkened windows swept up the drive of the 120-year-old English country house amid tight but discreet security. A group of photographers captured the moment when Buffett and Schwarzenegger, resplendent in steel-tipped cowboy boots, stepped onto Waddesdon's freshly cut lawn to be greeted by Lord Jacob Rothschild. "It's very nice of you to host this," Schwarzenegger said. For the UK company in Buffett's sights, it may well be hasta la vista, baby. http://www.infowars.com/print/nwo/schwartz_roths.htm Frosty:character

lhslancers | 05-07-2006 08:14 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by Curtman He is loyal to nobody. Breaking COMEX is nothing, remember, he made tons by betting against the dollar.
He lost his ass betting against the Dollar. Tell me he went short the buck at 120 DX and I'd be impressed. I had to laugh my ass off when Buffy and Yates proclaimed they were short the Buck at 85. This after that kind of decline into multi decade support. :rofl:

lhslancers | 05-07-2006 08:15 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by BeefJerky Just having fun theorizing.:elefant: :elefant: Who the hell really knows what is going on?
At 75 maybe he doesn't even know anymore.

HistoryStudent | 05-12-2006 06:29 PM
Re: Buffett's orchestrated plan to break CRIMEX control Buffett's companies INSURED the Twin Trade Towers past the first few millions into the BILLIONS. I, myself, and I, feel that GOVERNMENT PAYOLA (remember the old days on radio hit songs?) was part of the deal to get the FED to back ZURICH and big insurance boyz on the hook. It's all supposition; but it would pan out MONETARY wise - 2 billion in silver for 2 billion in liabilities.

HistoryStudent | 05-12-2006 06:31 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by DrillAndFill Actually, I hope you're right. If Buffet's hoard is gone or diminished, that's 100 Moz or so less silver aboveground to depress the supply. I hope he sold it all a while ago. By the way: Thanks, BeefJerky, for posting the first good explanation for why Buffett might be selling into this bull market. Yours is the first plausible explanation for why he might be providing Barclays' supply.
I'll bet it's gone - no overhang. Don't worry be happy. I get you a set of saddlebags.

gunner | 05-12-2006 06:40 PM
Re: Buffett's orchestrated plan to break CRIMEX control Quote:
Originally Posted by hoarder What could possibly be more advanageous to TPTB than a system already in place whereby they can "issue" trillions at will and never be audited and be backed by legal tender laws? I think the current system will be defended tooth and nail until such time as they manage to implement world government.
They can crash the US monetary system, transition us over to the "safe" euro and keep the sheeple trading monopoly money. This will prevent a demand for a return to PMs and a stable currency.

dak1968 | 05-12-2006 07:17 PM
Re: Buffett's orchestrated plan to break CRIMEX control I don't think Warren Buffett is trying break Crimex controls at all. He's one of the big boys and a socialist. Have you ever heard his views on the income tax? He's one of those who thinks it is patriotic to pay one's "fair share" (even though most of us Americans don't even owe a "fair share" based on the actual statutes and regulations). Anyway, I don't believe half of what I hear from people like Buffett. He's an insider. heck, maybe he made that comment about not owning silver anymore because the boys at the Crimex want the silver price to come back down. So they get a respected man like Buffett to make a public statement saying he doesn't own anymore silver in the hopes that the average Joe will say to himself "if Buffett doesn't own it, then I don't want to own it either".

All times are GMT -4. The time now is 05:19 PM. |

Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Copyright = None use it and Link to GIM