> The price of silver is currently going absolutely parabolic, I wish ImperialExecutive was here to see it

I luv silvar underpance

I can't wait for it to crater. Everyone holding it will be bag holders.

wrote:

I can't wait for it to crater. Everyone holding it will be bag holders.

Not happening.  Industrial demand is about to explode off the charts… the new solid EV batteries will charge in <10 minutes, give 600+ mile range and require 2-3 lbs of silver.

Hell_Is_Like_Newark wrote:

I imagine him sitting in the prison REC / TV room, watching the news about gold hitting $5k per ounce and completely losing his mind.

I thought that Jarhead was delivering propane in central Ohio?

Hell_Is_Like_Newark wrote:

That isn't even close to happening unless someone figures out how to take elemental lithium, aluminum, or zinc, fully oxidize it, and then reduce it back to pure metal.  The US Navy tried, gave up, and developed mono-propellent fuels for their antonymous submarines. The theoretical limit for potential energy of lithium-ion batteries is less than 7% of that of diesel fuel on a kg to kg basis.  Lithium runs out of valence electrons. 

Or you make a massive battery and use most of the stored energy to move the vehicle 600 miles vs. the rest of the vehicle.

You know, every once in awhile someone comes across this board and posts the most knowledgeable stuff. I am always amazed at how some of you tards can know all this shyt.

wrote:

I can't wait for it to crater. Everyone holding it will be bag holders.

I’m buying ZSL to hedge against my long term silver holdings

Hell_Is_Like_Newark wrote:

I work in the field of energy (demand-side management, renewables, microgrids, etc.) and environmental / waste management.  This industry is driven by unicorn-farting-rainbows fraud kept afloat with Federal and State level subsidies.

Heekee wrote:

So basically you are saying we should buy ZSL hand over fist?

No idea..  Not sure if this is a bubble or not.  I bought about $350 worth of PSLV about two years before getting fired during COVID (refused the jab).  Tempted to sell it.   It's now worth about $3,500.

Silver Thursday was an event that occurred in the United States silver commodity markets on Thursday, March 27, 1980, following the attempt by brothers Nelson Bunker Hunt, William Herbert Hunt and Lamar Hunt (collectively known as the Hunt Brothers) to corner the silver market. A subsequent steep fall in silver prices led to panic on commodity and futures exchanges.
Background

In 1979, the price for silver (based on the London Fix) jumped from $6.08 per troy ounce ($0.195/g) on January 1, 1979, to a record high of $49.45 per troy ounce ($1.590/g) on January 18, 1980, an increase of 713%, with silver futures reaching an intraday COMEX all-time high of $50.35 per troy ounce and a reduction of the silver/gold ratio down to 1:17.0. On that day, gold also peaked at $850 per troy ounce.[1][2] In the last nine months of 1979, the Hunt brothers were estimated to be holding over 100 million troy ounces of silver and several large silver futures contracts.[3]

The brothers were estimated to hold one-third of the entire world supply of silver not held by governments. The situation for other prospective purchasers of silver was so dire that on March 26, 1980, the jeweller Tiffany's took out an ad in The New York Times, condemning the Hunt brothers and stating "We think it is unconscionable for anyone to hoard several billion, yes billion, dollars' worth of silver and thus drive the price up so high that others must pay artificially high prices for articles made of silver".[4]

On January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed; COMEX adopted "Silver Rule 7", which placed heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and, as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets.
Climax

The Hunt brothers had invested heavily in futures contracts through several brokers, including the brokerage firm Bache Halsey Stuart Shields, later Prudential-Bache Securities and Prudential Securities. When the price of silver dropped below their minimum margin requirement, they were issued a margin call for $100 million. The Hunts were unable to meet the margin call, and, with the brothers facing a potential $1.7 billion loss, the ensuing panic was felt in the financial markets in general, as well as commodities and futures. Many government officials feared that if the Hunts were unable to meet their debts, some large Wall Street brokerage firms and banks might collapse.[5]

To save the situation, a consortium of US banks provided a $1.1 billion line of credit to the brothers which allowed them to pay Bache which, in turn, survived the ordeal. The U.S. Securities and Exchange Commission (SEC) later launched an investigation into the Hunt brothers, who had failed to disclose that they in fact held a 6.5% stake in Bache.[6]
Stock market reaction

This day marked the end of a large stock market correction that year.
Aftermath

The Hunts lost over a billion dollars through this incident, but the family fortunes survived. They pledged most of their assets, including their stake in Placid Oil, as collateral for the rescue loan package they obtained. However, the value of their assets (mainly holdings in oil, sugar, and real estate) declined steadily during the 1980s, and their estimated net wealth declined from $5 billion in 1980 to less than $1 billion in 1988.[7] By 1982, the London Silver Fix had collapsed by 90% to $4.90 per troy ounce.[8]

In 1988, the brothers were found responsible for civil cases of conspiracy to corner the market in silver. They were ordered to pay $134 million in compensation to a Peruvian mineral company that had lost money as a result of their actions. This forced the brothers to declare bankruptcy, in one of the biggest such filings in Texas history.[9]

Fake Frank. I once found a usenet post by him from an IP that showed him working IT in a bank at Cincinatti or something like that.

IE_Prison_Rage.jpg

Samples_Boi wrote:

Fake Frank. I once found a usenet post by him from an IP that showed him working IT in a bank at Cincinatti or something like that.

There is a grainy picture on the dump that is supposed to be him.   

imperialexecutivefrank.jpg