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Bill Murphy: Silver – The Only Commodity 66% Cheaper Than 37 Years Ago!! - Rory Hall

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Published : May 19th, 2017
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Category : Gold and Silver

Can you name any product, service or any item of any type that is 66% cheaper than it was in 1980? Of course not. There is one item on the planet that is cheaper today than it was in 1980 – silver. Why is that? How can that be?

We have seen several of the too big to jail banks be assessed “fines” for rigging markets and funding terrorist. LIBOR and FOREX just to name the two biggest market rigging schemes conducted by 5 of the too big to jail banking cabal members. This is to say nothing of the drug money laundering and being “fined” for funding terrorist organizations. No one has gone to jail – no one.

On the other hand, Deutsche Bank was “fined” for rigging both the gold and silver markets. The CFTC (Commodities Future Trading Commission) conducted an extensive 5 year investigation into the silver market rigging allegations. The CFTC was unable to find any wrong doing on the part of the bullion banks. Deutsche Bank has settled one class action lawsuit for a poultry $37 million for damages and faces another class action lawsuit that is still ongoing.

I bring these items to the table to demonstrate patterns of corruption, market rigging and bought-and-paid-for “regulators”, judges and government officials that no longer apply the rule of law to the real criminals.

I ask how could a commodity or any product that is bought and sold on planet earth be 66% cheaper than in 1980. The evidence above demonstrates how that is possible. The only remaining question is – why is silver the kryptonite to the banking and financial system? Gold, while the market has been proven to be rigged as well, has at least been able to climb higher than in 1980. The current global “price” of gold does not reflect it’s true value, however, it is still higher than 37 years ago. Silver, not so much.

If they have hit the wall with the amount of silver (contracts) they have…wether Morgan and the other people, nobody knows if it’s Morgan silver or not. They’ve (JPMorgan) been the big reason silvers been destroyed for six years – specifically due to JPMorgan and the U.S. government. It’s all a question now wether they’ve hit the tipping point and hit the wall, as Ted Butler says and he’s correct in that the Morgan cartel and their allies are trapped. How are they going to get out? ~ Bill Murphy, The Daily Coin

We recently reported a drop in silver mine production and, a much more significant drop in silver scrap coming to market. These are the two main channels that fill market orders for physical silver demand. Any other product or service, the world over, that is in short supply usually rises in value due to the fact there is less of the product or service than can fill market needs. This, once again, is not the case with silver. Why?

How did you go bankrupt? Slowly, then suddenly.”

The markets start out nice and slow and then it starts to pick up steam and all-of-the-sudden the market will trade differently than it has for years. ~Bill Murphy, The Daily Coin


Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.


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Two months after the Hunt brothers debacle the 'price of silver' in 1980 went from about $49 to under $11 in about 2 months. (wiki)
Silver is now $16.85
I am not sure what the author is on about.
It is not actually cheaper than it was in 1980 at least for some time.

Is silver a bargain now?
When I check the price on a monthly chart I see that it is "getting cheaper"
In other words it is getting swapped for $USD. OBVIOUSLY
Whether this is market rigging I do not know ( or care really)
My not swap your dollars for silver at this point in time.
There is no rush!
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Computers, long distance phone calls, vcr players, surgery are just a few of the items that are cheaper than 37 years ago.

Gold is not manipulated. It just has lost its use in the world. The youth do not buy gold, the youth loves the government and wants more of it. They will never buy gold. They will buy bitcoin and have their wealth confiscated. Popular tv and movie shows that depict armageddon or viruses or zombies never show people trading gold for items. The idea has been lost from conscious memory.
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"depict Armageddon or viruses or zombies never show people trading gold for items."
Food ,medicine and Guns and ammo will be traded if it comes down to Armageddon.
PM's not so much. Now a plain old government currency collapse or as in most of the worlds case when the Private banking CON is over and the banksters are hanging high then the PMs will be your money until the new CON takes effect.
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Gold is money, but, if I understand well, we have no use for it in the world, because of popular TV show and because the idea has been erased from conscious memory

The idea has not been lost from conscious memory, just wait for banks to go bust and you will see.

You might just want to check Mises regression theorem on money


We need to explain why money has a certain exchange value on the market. It won't do (so these economists thought) to merely explain this by saying people have a marginal utility for money because of its purchasing power. After all, that's what we're trying to explain in the first place—why can people buy things with money?

Mises eluded this apparent circularity by his regression theorem. In the first place, yes, people trade away real goods for units of money, because they have a higher marginal utility for the money units than for the other commodities given away. It's also true that the economist cannot stop there; he must explain why people have a marginal utility for money. (This is not the case for other goods. The economist explains the exchange value for a Picasso by saying that the buyer derives utility from the painting, and at that point the explanation stops.)

People value units of money because of their expected purchasing power; money will allow people to receive real goods and services in the future, and hence people are willing to give up real goods and services now in order to attain cash balances. Thus the expected future purchasing power of money explains its current purchasing power.

But haven't we just run into the same problem of an alleged circularity? Aren't we merely explaining the purchasing power of money by reference to the purchasing power of money?

No, Mises pointed out, because of the time element. People today expect money to have a certain purchasing power tomorrow, because of their memory of its purchasing power yesterday. We then push the problem back one step. People yesterday anticipated today's purchasing power, because they remembered that money could be exchanged for other goods and services two days ago. And so on.

So far, Mises's explanation still seems dubious; it appears to involve an infinite regress. But this is not the case, because of Menger's explanation of the origin of money. We can trace the purchasing power of money back through time, until we reach the point at which people first emerged from a state of barter. And at that point, the purchasing power of the money commodity can be explained in just the same way that the exchange value of any commodity is explained. People valued gold for its own sake before it became a money, and thus a satisfactory theory of the current market value of gold must trace back its development until the point when gold was not a medium of exchange.1

The two great Austrian theorists Carl Menger and Ludwig von Mises provided explanations for both the historical origin of money and its market price. Their explanations were characteristically Austrian in that they respected the principles of methodological individualism and subjectivism. Their theories represented not only a substantial improvement over their rivals, but to this day form the foundation for the economist who wishes to successfully analyze money.

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Bitcoin is rising because it is the new way to move wealth. Gold has storage and transportation issues in this new world. If the banks collapse or society collapses, like Venezuela or Somalia, or Greece, nobody had any gold and nobody traded it. Since nobody has any few are going to want it. None of the collapses in the world have used gold. Did they turn to gold in Zimbabwe, or Somalia or how about right now in Syria.

Gold will never be money again in my life time. Just as horseback will never be transportation again in my life time.
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Gold is not money.
Wealth Yes.
Silver is a form of money.
Its just losing its value with respect to the $USD ( currently)
When people realise that $USD is simply intrinsically worth Jack, then there will be mass swap for both PM's.
Could be tomorrow but I doubt that because there is little to no sign.
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Gold is not money. Wealth Yes. Silver is a form of money. Its just losing its value with respect to the $USD ( currently) When people realise that $USD is simply intrinsically worth Jack, then there will be mass swap for both PM's. Could be tomorrow but  Read more
S W. - 5/24/2017 at 10:06 PM GMT
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