“Who Really Killed President Kennedy?”

Sniffing out "JFK's Super Currency" in the teaser pitch from Outstanding Investments

We see absurd hyperbole every day here at Stock Gumshoe, with promises of stocks that double or massive “free income” from various “top secret” trading strategies or… well, you know the drill, you get most of those same emails.

So after swimming in this sea of hype for almost a decade, I sometimes forget just how crazy it can be… but this “promise” is almost unbelievably misleading.

Here’s how Byron King teases the ridiculous potential of “JFK’s Super Currency” in his effort to sell subscriptions to Outstanding Investments (which has trailed the market, on average, for five years but beaten it over ten years, largely thanks to a focus on hard assets and commodities):

“At the very least, over the next 12 months I expect this ‘Secret Currency’ to multiply your money 10-times over.

“But this new Kennedy Revolution is absolutely unprecedented. And it’s starting to gather steam right now.

“People are not waiting for the Fed to demolish the dollar with its trillion-dollar money printing. They’re seeking to destroy the Fed instead and take their hard-earned money back.

“My point is, JFK’s Secret Currency could skyrocket 2,000%, 3,000%, or more.

“Of course as with any investment nothing is 100% safe, nothing is 100% guaranteed, but when it comes to an investment like this its upside potential has virtually no limits.”

Multiply your money ten times over “at the very least?” He may expect that, if he’s not in complete control of his faculties, but saying that as a financial pundit to a few million of your closest friends strikes me as frighteningly irresponsible.

All that is from the last version of this ad that ran in the Summer of 2014, they’ve done a little tinkering with it since then, changing “JFK’s Secret Currency” to “JFK’s Super Currency” and editing a few other parts, but the general idea is the same as it was last Summer. Most of what follows is from the original ad and our original answers, we’ll toss in some new tidbits where they’ve changed (if they have), and will append the original comments and discussion from the first time around so you can see that history.

You should never, ever, ever, ever “expect” anything to go up 1,000% in a year, if for no other reason than because that expectation would mean you’re left with little room to think rationally about risk or a reasonable portfolio diversification. It might happen once in a blue moon, with luck and speculation and a little bit of skill, but man, the idea that you can predict it and be correct even a small percentage of the time is goofy.

John Paulson, in one of the biggest and most successful bets in modern history, posted gains of 300-600% in some of his funds with his large short bet against subprime mortgages, and he undoubtedly had investments in those funds that did far better than that, but that’s by being on exactly the right side of the biggest market crash in our memory at almost exactly the right time… he’s famous because this doesn’t happen very often, so are we to expect that your $49 subscription to Byron King’s Outstanding Investments is getting you access to the Oracle of Agora?

It’s probably not illegal and may not even be evil, since they rightly note that nothing is guaranteed, and they don’t know what your financial situation is, and they are journalists sharing their opinion and analysis, not financial advisors telling you what to do… but still. Those paragraphs jump out more than most.

And, frankly, they make me want to find out what this “secret currency” is. If not so we can make 1,000% gains, then at least so we can defuse some of that hype… and see if it’s worth considering if you go in with expectations that are more rational.

So what is “JFK’s Secret Currency?”

Well, King does compare it to one of those “currencies” that went up by 1000% or more…

“It has all the potential of Bitcoin in its early stages…

“But, unlike Bitcoin, it has REAL VALUE.

“It’s a safer, more secretive and potentially more lucrative alternative.

“It’s not some fly-by-night technology trend.

“It’s not vulnerable to hackers.

“It has a proven track record of building wealth… and it works even during a power outage.

“That’s why JFK’s Secret Currency could prove even more successful than Bitcoin….”

I led off today with the absurd prediction made by Byron King, but the real attention-getter for readers at the top of the ad is the implication that President John F. Kennedy was killed because he was on his way to instituting this “secret currency” …

“It was June 4, 1963… perhaps the most important day in recent American history…

“Although hardly anyone even remembers it.

“Just five months before his untimely death, President John F. Kennedy made a stunning announcement…

“A watershed moment that could have changed the course of America forever…

“He re-extended the right to print a currency, backed by hard assets, to the U.S. Treasury.

“This single act would have re-invented the dollar.

“It could have guaranteed a balanced budget and economic prosperity for future generations.

“And it could have prevented America’s 50-year downfall from greatness.

“But President Kennedy’s radical plan never came to be.

“Because on November 22, while visiting Dallas, Texas, gunmen fired on the presidential motorcade.”

So what’s he talking about? Executive Order 11110, which he says “some people” believe led directly to JFK’s assassination.

It’s hard to pick one conspiracy theory about the JFK assassination that’s goofier than the rest, and this one is far from being the worst (it does not, at least, involve space aliens)… but this is pretty goofy.

“You see, after the Kennedy assassination…

“These ‘Kennedy Dollars’ essentially vanished.

“First, they stripped it out of circulation as money…

“They even outlawed its use for some time.”

This conspiracy theory is not unique to Byron King and his ad, it’s just goofy — that particular executive order was essentially a housekeeping note, though it did involve the authority to issue silver certificates, and it was not an attempt to displace the Fed or to stop the fractional reserve banking system. And to extend the conspiracy in the way it has been extolled, no, the Federal Reserve did not kill JFK to quash silver. Even G. Edward Griffin, the guy who wrote The Creature from Jeckyl Island (bible to those who fight the Fed) and no stranger to conspiracies, thinks that’s silly.

U.S. money was already backed by silver or gold in the early 1960s, and coins were still actually made of silver, Kennedy was much more likely to be loosening that choke hold of an asset backed currency than he was to be tightening it — he was, after all, a politician, and he was trying to do away with Silver Certificates in favor of Federal Reserve Notes — but really, this particular executive order was and is a non-issue relating to whether the President or the Secretary of the Treasury had specific authority to issue some silver certificates while those certificates were being phased out. This particular conspiracy theory was really shepherded by Jim Marrs in his book Crossfire More on that here if you really want to delve into the Trilateral Commission, the Illuminati, The Fed’s conspiracy to kill JFK, or whatever. Or there’s a rebuttal to this “Fed killed JFK” story here as well. But really, JFK seemed to be moving away from a silver-backed currency just like subsequent politicians have.

So we can skip King’s conspiracy bit, realize that he’s talking about buying silver (or possibly gold) in some fashion, and dig a bit deeper to see what exactly it is he’s recommending. Here’s some more from the tease:

“Outlawed As Money for 50 Years…

“Over the years, an underground movement championed this monetary breakthrough…

“A select group of brave Americans kept JFK’s legacy alive and well.

“As a result, a subversive form of money — what I call JFK’s Secret Currency — quietly exchanged hands in every major city, and throughout every state.

“For instance…

“Larry Elie, a Maryland businessman, began buying one class of JFK’s Secret Currency because ‘he distrusted paper money.’ Decades later his efforts amassed a $55 million fortune thanks largely to it. As one editorial writes, ‘Elie spent less than $400,000 and realized a grand total of roughly $55 million – more than 100 times what he had paid.’ …

“Harry Archer started with just a small stake of $40,000 in JFK’s Secret Currency and turned it into a windfall of $1.9 million — a whopping 4,750% gain. Not bad. But in one instance, he even smashed that with an unbelievable 1,450-fold gain. That’s enough to turn every $1,000 invested into $1.45 million.”

Those are both fairly famous stories about 20th century coin collectors — “Larry Elie” is actually Larry Eliasberg, and his story is detailed here; “Harry Archer” is actually Harold Bareford, whose story is here. Like most fabulously successful collectors, they built collections of things — in this case, coins — that were not particularly popular or expensive while they were collecting, and the prices shot up as the hobby gained popularity and the scarcity of the coins they collected added huge value to their estates. The huge returns were not necessarily primarily from the value of silver or gold in the coins they collected, they were from the scarcity of the coins and the increasing popularity of coin collecting.

So is Byron King telling us to become coin collectors? Here’s more from the ad:

“This ‘Secret Currency’ could only stay hidden for so long.

“Recently, its potential was brought to light.

“And now that it’s considered legal tender in some areas it’s starting to go mainstream.

“As CNBC reports, ‘nowadays even the average investor can find profits’ in JFK’s Secret Currency.

“As it sweeps across America, changing hands and fortunes…

“It has the potential not only to hand you 1,303% gains in the months ahead…

“It could even put $1 million in your pocket on something that’s the size of a penny.

“Of course situations like these don’t happen every day…but as you’ve just seen, my research has shown plenty of gains like these in the past. And I don’t think there’s been a better time than right now.”

That piece quoted in CNBC was about the retail excitement over coin collecting and, perhaps more specifically, about the wave of excitement over gold and silver coins as those metals were rising in price and people hated stocks in 2009, you can see it here if you’re interested.

So is “JFK’s Secret Currency” some sort of silver coin? Here’s more from the ad:

“16 U.S. States are ‘Dumping’ the Dollar for JFK’s Secret Currency

“Utah has already adopted it.

“So has Arizona.

“Oklahoma followed two weeks later.

“And 13 other states are preparing to do the same.”

That is indeed true, or it was a year ago — now, as far as I can tell, four states have passed laws recognizing at least US government-coined gold and silver coins as legal tender. Which I’m pretty sure they already were, at least technically (No one has been dying to use an American Eagle silver coin with a nominal value of $1 to buy $1 worth of anything, from what I can tell, since the silver is worth $20 or so)… this is largely a symbolic and political move, trying to make a Ron Paul-esque stand against the Fed and their herculean (and misguided, depending on who you ask) efforts to push dollars into the economy to keep rates low, but it does have one substantial real-life implication: When something is a currency, you apparently don’t get taxed on capital gains when you exchange it for another currency. So in those states, or at least some of them (I haven’t checked the wording on all the laws), folks who take profits from selling these “legal tender” gold or silver coins after whatever the cutoff date is won’t pay state capital gains taxes on those profits. Which is unlikely to be a huge deal for most people, but is a real world impact. And no, they’re not “dumping the dollar.”

More from King:

“Ordinary people are circumventing the Fed and taking control of their money too, thanks to JFK’s Secret Currency.

“Rich… middle class… and poor…

“Conservative taxpayers… retirees… and even liberals…

“They’re all trading their dollars for it.

“In 2013, Americans traded $1.14 billion for it.”

Then there are a series of cryptic quotes from reputable sources like the Financial Times and the Wall Street Journal about “small investors” who are “flocking to” or “fueling” the surge in “[JFK’s Super Currency]”. Those quotes are all about coins, mostly the regular old American Silver Eagle that’s widely sold as both a collectible and a bullion coin and which has generally been in high demand from the US Mint in recent years, but also the surge in interest in collectible and rare coins.

We know silver coins have had a resurgence in interest in recent years, particularly when silver itself has spiked up in price, but that stuff about rare coin auctions being standing-room-only shouldn’t be a surprise, either — the markets for high-end art and stamps and antiques and vintage automobiles have been surging too, thanks to the swelling ranks of global multimillionaires, so why not rare collectible coins as well?

And then we get silly again:

“This year, based on some of the projections I’ve seen from its track record, we could see gains as high as 1,303%.

Creating a whole slew of new millionaires… or even billionaires.

Truth be told, we could be at the precipice of one of the greatest explosions of new wealth in recent times.

We’re talking about $87 billion in REAL WEALTH moving away from paper dollars and into JFK’s Super Currency.”

So clearly, then, this is a general tease for the return of silver (and maybe gold) to prominence as a regularly-used currency, or at least as something that will rise in value as the US dollar declines. Which, so far, it stubbornly refuses to do by most measures (inflation is low, though some debate the inflation statistics, and the dollar has been very strong in recent years against most other major global currencies).

But is there something in particular? Are we talking silver mining stocks, or silver ETFs, or physical silver coins, or “junk silver”?

“I’ll show you how you can start using JFK’s Secret Currency tomorrow morning to build REAL wealth…

“Starting with as little as a few hundred dollars…

“And, believe it or not, in some instances you can use it without paying the IRS a single dime!”

Well, there aren’t many ways to avoid paying taxes on your investments — unless you’re losing money, or are using a tax-sheltered account to own this stuff. Or lying. But there is the stipulation in the law that the sale of some bullion coins (American Eagles in particular) are not reportable to the IRS. That does not mean that you don’t owe taxes if you make a capital gain by trading those coins, just that the IRS might not know about the sale unless you tell them. (Taxation on this stuff is a murky world, make sure to check details for your situation and don’t rely on me to be right).

And yes, Kennedy’s administration was a key inflection point in what became a long-term devaluation of the dollar — though LBJ’s was even more so, given the budget challenges he faced. JFK was easing out of issuing silver certificates before his assassination, then LBJ took silver out of coins and talked about making the dollar non-convertible into precious metals in subsequent years when the Great Society and the Vietnam War were sapping the treasury, and finally Nixon made it final by closing the “gold window” and prohibiting even central banks from trading their dollars for US gold. Any evidence of JFK planning anything different along those lines is some mix of guessing and wishful thinking, from what I can tell.

But that’s beside the point. Can we get closer to exactly what King is pitching, other than these few examples of people making extraordinary gains with their coin collections?

Here’s another example King gives — this one’s from the old teaser last Summer, it doesn’t seem to be in the new one:

“Take Simon Katts, who dreamt of owning a house. But money was a problem and there came a point when he was about to give up on his dream. He had no parents, no windfall or inheritance tho which he could turn.

“So he turned to JFK’s Secret Currency. And for some years exchanged his dollars for it. According to The Economic Times, that Secret Currency helped him to put a down payment on a house.”

So… apparently, according to that clue, “JFK’s Secret Currency” is “collectible coins of any dang kind” … this example is a carefully obscured version of a story that ran in the Economic Times (an Indian news site) about a man named Suhas Kadam (they usually at least keep the initials the same) who collected “error coins” (mis-strikes from the mint) and later auctioned them off to raise money for a down payment on a houseo.

But when it comes back to specifics, King tells us that yes, this “Secret Currency” as he is teasing it is a form of silver. So it’s obviously coinage of some sort (otherwise all those previous clues and examples would be meaningless … and methinks you don’t run down a littany of almost every financial conspiracy theory you can think of if you’re going to suggest a financial derivative like an ETF that relies on silver futures or unallocated silver like SLV).

More clues:

“I can tell you, without giving away the secret, that JFK’s Secret Currency relates to silver…

“But it’s unlike any precious metals investment out there.

“It has nothing to do with, mining stocks, futures, or mutual funds.

“None of these can match its safety, anonymity or wealth potential.

“And to my knowledge, it’s can be one of the simplest tax havens in existence.

“Nothing complicated or illegal like offshore schemes.

“What’s more, it’s virtually immune to the fluctuations in the markets.”

So… what is it?

Well, frankly, he doesn’t give enough clues — or at least, his clues contradict each other too much — for me to be certain exactly what is his favorite form of “JFK’s Secret Currency” … but from his chatter about reportability to the IRS and the “tax haven” status I think his core idea must simply be owning US silver coins, likely the American Eagle (which is the most widely recognized silver bullion coin). Though secondary ideas that could be relatively invisible to the government (though not always technically exempt from reporting, as Eagles can be) might be junk silver, which usually consists of bulk bags of very worn “cull” pre-1965 dimes, quarters, half dollars and dollars that are 90% silver, or, for those looking for the boost that a collectible can provide, graded and collectible silver coins — the most widely-traded are usually the Morgan and Peace dollars, which can be found at any coin vendor online or in person and trade at generally pretty stiff premiums to melt value these days.

And heck, those junk silver and collectible silver dollars are still also legal tender, just like American Eagle coins, so who knows, maybe there are special tax rules about those (this guy goes through a long analysis of the legality of reporting of coin transactions, in case you’re curious — but remember, in almost no cases are regular coins you hold in your hand a tax “shelter”… you still owe taxes even if your sale is not reportable by the person who buys the coins from you, and it’s usually at the higher collectible tax rate).

Quite possibly, Byron King is using these ideas as well as a hodgepodge of several other silver investing ideas, perhaps including physical silver ETFs — the most-cited ETFs for silver are the iShares Silver Trust (SLV) which some folks don’t think is “physical” enough but does own actual bars in a London vault and is by far the largest silver ETF; Sprott Physical Silver Trust (PSLV), which aims to be somewhat more “guaranteed physical” and redeemable than SLV; and the levered ProShares Ultra Silver (AGQ) which uses futures contracts to aim for twice the daily moves of silver prices (or leverage on those, like options, if he’s really predicting 1,000% returns with a straight face).

And I’m sure Byron King is probably also pitching silver mining stocks — though that’s a secondary play on the “JFK’s Secret Currency” idea and mining stocks, even those that are relatively diversified like silver streamer Silver Wheaton (SLW), which should probably be the first silver mining equity that most people look at, are far more volatile than silver … which is itself awfully volatile when compared to gold.

There are a great many silver enthusiasts and Fed watchers here in Gumshoedom, though, so if anyone wants to jump in with their favorite ideas in the world of silver, well, feel free to use the friendly little comment box below.

Personally, I like holding some silver coins — I try to buy a few every month as a little “savings” that I hope will maintain purchasing power as the dollar declines, so I’ve got the odd little stack of American Eagles and some junk silver in the vast Gumshoe vaults because it seems likely to me that the dollar’s long and slow decline will continue… but I try not to delve into the world of collectibles because the uninformed and inexpert (like me) get fleeced too easily, and when it comes to the common kinds of coins I understand and own I am really quite certain that these coins will NOT go up in value by 1,000% this year… and, frankly, I’d be shocked if they went up by 100% by the end of 2014 (well, now we’re well into 2015… I’d also be shocked if they went up 1,000% this year). Not that this is impossible, silver has spiked in the past and it might well do so again someday… maybe even this year or next… but your guess is as good as (and quite likely better) than mine.

So there you have it — a mishmosh of last Summer’s pitch and this most recent “who really killed Kennedy” spiel about silver and the Federal Reserve and various conspiracy theories. And I’ll apologize if I mixed up the 2014 and 2015 pitches too much and was unfair to them regarding exactly which was teased which time, but, well, there you have it — Byron King can say that the Fed killed JFK with a straight face, and he thinks you should own some silver.


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67 Comments on "“Who Really Killed President Kennedy?”"

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Carol K
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Carol K

Thanks for sleuthing out the truth from the fiction-like promises of this one. i had a
gut feeling this was more hype and suspected the silver coins. But it’s nice to see that
you cut to the quick so quickly LOL……Again, if it seems too good to be true, it probably is !

Griffin
Irregular
1086
Griffin

Travis, I think your right on.I’m not a fan of Byron King at Agora, APDN game changer looking for a market, HRTPY no seismic data or can’t find it. Buy silver good idea the spot price has been low. I’d buy bags of silver just watch the markup.

Lynn Theobald
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0
Lynn Theobald

This last “sales letter” by Byron King is the most blatant, desperate attempt at marketing chicanery I have seen in a long time. Pure hype, BS and zero substance. I once subscribed to OutStanding Investments, but never again. Travis, you have done a great job of analyzing and debunking his mysterious BS.

Robert
Guest
0
The key is for silver to move ASAP into its historic gold to silver ratio position of 16:1. Gold at its current spot value at $1,250/oz. and spot silver at just over $17/oz. would place spot silver’s price at a gold to silver ratio of 16:1 at approximately $272/oz. This is in an ideal world of course and one of which,unfortunately for all of us no longer exists except for those amongst us who has has chosen the path much traveled and now by far too many. A perpetual path of insatiable greed which invariably results in a complete and… Read more »
Gary Stoltzenberg
Guest
0

Oh, how wish I would have kept all those silver dollars my dad gave me when I was a kid and he worked for CMB for 40 years. Let’s not forget all the silver dollars that were once used in slot machines in Las Vegas. If only I could go back to 1964 I’d have no worries or wrinkles. or gray hair.

Griffin
Irregular
1086
Griffin

I just saw an ad the other day were one of the Doomsdayers says the next economic collapse will be so bad you won’t be able to go to the ATM and get squat. If you think gold and silver have bottom now might be the time to buy ‘Junk Silver’.

Dennis
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0
Dennis

maybe it’s just a rehash of the 2010 pitch by Steve Sjuggerud in his Daily Wealth article on buying Saint-Gaudens double eagles. He too called it the “secret currency”

Mike
Guest
0

Everything from Byron and alias group is rehashed, not a single new investment in years have I seen hyped by these newsletter whores.

Ron Homan
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0
Ron Homan

I believe capital gains from coin collecting is taxed at a special (high) rate by the IRS. Up to 28%, depending on your income. I can’t speak to the state tax, since we are fortunate enough not to have a state income tax where I live.

Griffin
Irregular
1086
Griffin

Byron King IIRC wrote that Sprotts bullion Funds (?stored bulion, SPPP, NSVL) were taxed at 17%. I’ve tried to verify that and have been unable to do so, another King exaggeration.

Christopher Patterson
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0
Christopher Patterson
For Mesers. Homan & Griffin, The collectible tax rate on coins is an “ordinary income” rate, taxed at your marginal tax rate (fed & state, if you have state tax) whatever your rates are, versus within the “capital gains” group which has varing categories under Congressional policies; Congress artificially tells us coins are “collectibles” when they really are an investment, just to assert a higher tax rate. The Sprott fund is an interesting vehicle, but with a recent negative twist. Sprott has said you can annually file a tax form that places the fund, and profits from it, into capital… Read more »
Griffin
Irregular
1086
Griffin

Thanks Christopher, If I read your comment correctly then there was only a tax advantage to owning a Sprott physical fund because of lack of enforcement. That sounds like Agora deal.

SmokeytheBear
Guest
0
SmokeytheBear

The U.S. Mint is offering 7 special Kennedy anniversary coins this year. I think that two will be clad coins, one will be gold, and four will be silver. I can’t see them going up 1,000%, but I guess it’s possible especially if the Mint limits the number that will be sold.

vivian lewis
Guest
0
When I flew to europe I got change from the JFK airport tram in US $ coins, one of Jefferson and two of some Indian lady whose name doesn-t spring to mind who helped Lewis (no relation) and Clark. I wonder if they have any value? meanwhile 1303%, neither more nor less is promised by some US currency coins. I own a few as my mother gave them to me for my silver wedding anniversary, which seemed appropriate to her. I am not sure if they are in mint condition but they are surely worth more than the $1 she… Read more »
D
Guest
0
D

Sacagewea was her name. These are real, legal tender coins.

Richard Hardesty
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0
Richard Hardesty

The “Indian lady” would be Sacajawea, and those $1 coins, circulated, are worth, by and large, $1. Even the proof coins aren’t worth that much, however. The Jefferson presidential dollar (I presume you have a $1 coin), also are worth basically $1.00. Graded examples (slabbed) are worth more, depending on the grade. Sackys and prez bucks from circulation are worth essentially just what they say they are. As always with coins, however, the better the condition, the greater the value, but you are not going to find a Mint State coin in circulation!

Griffin
Irregular
1086
Griffin
Richard circulated silver coin (minted up to 1965) is worth more than face value. When they were minted silver was $35 an once. Most of the circulated silver coin that’s out there is considered ‘junk silver”, no collector value. The actual silver value for a $5 dollar roll of dimes the last ime I looked was $74. Here is a link to current price for coin by silver value; http://www.coinflation.com/silver_coin_values.html Here is a link for the current price of silver, and silver price history; http://silverprice.org/ IMO silver is what you want in the cookie jar in the attic for the… Read more »
frank mccraw
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frank mccraw

do you mean, “gold” was $35/oz?
i’d put silver around $1/oz in the early 60s.

chibana
Irregular
1417
chibana
Larry, Thanks for posting this link. My father had bundles of Kennedy Half Dollars he was buying at face value in 1964. I collected some as well. He said the silver would be worth a bunch some day. I still have all of them tucked away but I haven’t looked at the collection for a long time. I know I have a bunch of Liberty Half Dollars, some silver dollars, and a large collection of other coins. Chuckle I need to buy an updated coin book (last book I had was 1975 or something 🙂 ) as some of the… Read more »
F H 'Arizona Slim' Major
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0
F H 'Arizona Slim' Major

In the past bought two of Lord Byron’s gems and both lost money. Enough said. Arizona Slim

drlinks
Member
25

I agree. Silver has the most upside based on it’s absurdly cheap price today at $21.10 and given the idea that I believe we will soon find out that QE dollars are near WORTHLESS, the London ‘Fix’ is over and with over 10,000 industrial uses and counting, PLUS it’s inherent self destruction and timetable of extinction (U.S. Geological Institute says that this most important element per technology will be extinct by 2020) physical AG, plus SLW, PAAS, AG, EXK, SVLC, and EXCELLON (Highest Grade open Mine in North America ticker EXLLF) is where I’d bet all my eggs

RG Caswell
Guest
0
RG Caswell
I sat through the 50 minute video. old fool that I am, by Byron King out of curiosity and wish I hadn’t. I had some history with Outstanding Investments, Steve S., Agora, etc. in the past and have never found the golden egg. I have tucked away some silver and gold (both bullion and numismatic) and can say they are two totally different animals; Bullion coins are easily obtainable and indifferent, just a store of wealth in a probably more secure form than dollar bills. Good to have some. Numismatic coins are a delight to have and to hold. Art,… Read more »
Regularly wrong (envy to get irregulars)
Guest
0
Regularly wrong (envy to get irregulars)

Maybe he is referring British silver pound. Recently minted with “mistake” in a rim of the coin. Other side has decoration in a rim and another side is smooth. As always, I just might be wrong.

Riggbov
Guest
0
Riggbov

“Britannia mule 2014” to Google for more detailed information.

archives2001
Irregular
39
archives2001

Good one per usual Gummie!
U hit another one out of the park!!!

chibana
Irregular
1417
chibana
Travis, I remember by Dad buying a whole bunch of JFK coins the first year they came out. I still have them. He told me they would be worth a bunch some day as the first ones were mostly silver. Anyway in retrospect I find it interesting the government was able to produce a coin with a JFK likeness so soon after his death. I have a bunch of other coins from his collection and mine (and stamps) but I have not collected any coins in over 30 years. BLUF one may have a very valuable coin but only if… Read more »
Deborah G Flynn
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0

I have 10-15% of my portfolio in hard currancy mostly Canadian Gold coins and eagles, Maple leafs and silver bars. I keep them for my grandkids college fund. That being said I don’t know enough about any collectables so I stay away from them. It doesn’t hurt to have some gold and silver but the idea is to have a diversified portfolio and I think I’m good to go without Byron LOL

Billie
Guest
0
Billie
The fact silver prices are being manipulated has been readily proven; most conclusively by Ted Butler, therefore we can expect a huge bounce when physical silver supplies run short, as they are beginning to. Using paper “silver” to devalue physical silver has to end eventually. By putting the price of silver below production costs, silver supplies will dry up even faster. Moreover, the USGS has already stated silver will be the first major metal to fade from the earth’s crust; most silver found now is crude ore vs the fine silver previously minted. At some point the jig will be… Read more »
Joseph
Guest
0
Joseph

Byron KIng makes the sleaziest carny at the county fair look respectable. He should have been banned from the newsletter writing business a long time ago. Thank you Travis for lifting the curtain on these charlatans.

monk
Member
2

Maybe it’s the 2014 Silver Britannia Mule. An error coin, NGC Gem Uncirculated $149. each at GovMint.com, limit 10 per customer. A major goof up by the Royal Mint, on one side the wrong die was used. Mint estimates about 17,000 are out there. I’m not into collectables. Got this promo flyer in the mail.

Riggbov
Guest
0
Riggbov

Or it might be ? On Ebay.
1964 Kennedy Half Dollar NGC PF67- Accented Hair, Well-Mirrored, Exceptional
Price:
US $186.00
Buy It Now

David B.
Irregular
844
David B.

Nice one Riggbov and I’ll take some of that “accented hair.” Can I actually get it without joining the Hair Club for Men? For my bald head, I would certainly pay $186 for well-mirrored, accented hair. That would truly be exceptional and I would “buy it now.”
Let’s find the company that offers that as the share price is guaranteed to go up!

Griffin
Irregular
1086
Griffin
The census seems to be that Mr. King is pushing collectors value on silver dollars. I can’t get into collector value as a investment. I’m not saying collecting is not a worth while pursuit. What I question is what collector value will exist in the next “Big Crash”. The last crisis was bad enough, but if the next is worse as some surmise. If there are no credit cards, no unemployment checks, no disabilty checks, in the big city, a picture of rats chasing a pea comes to mind. King was pushing silve eagles from the U.S. mint last year,… Read more »
pumaro
Irregular
0

Aren’t they talking about bitcoin here?

tim zamp
Guest
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tim zamp

Bitcoin should be Illegal. Its not legal tender.

Thor Johnson
Guest
0

That’s like saying lemons should be illegal because they’re not legal tender….
Bitcoin is just another form of (virtual) paper that shuffles around for trade; its value is only what people will trade for it (same as paper dollars or bonds or… at least you can make jewelry out of silver/gold bullion [and most of those aren’t legal tender either]),

REE Investor
Guest
0
REE Investor

If you ever did some dd on juniors yourself, you know you can discard anything Byron King says. What I don’t understand is seeing this site providing a platform for this very same person and his newsletter on Agora Financial. Very weird.

Jim Hasak
Guest
0
Jim Hasak

An interesting and fun re-hash of King’s most recent version of his original hash (#hash?).

The fact that silver that was “cheap” at $21 a year ago has now soared to … around $16 is a warning against putting all of an investor’s eggs in one proverbial basket, regardless of how convincing an analysis may seem.

Edward
Guest
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Edward

Travis,
I received an email from the Wealth Blueprint letter, formally the Phoenix letter this AM saying that JPMorganChase Bank and Warren Buffet are loading up on silver to avoid the coming crash. I would love to seeyour take on this.

Tinfoil Hat
Guest
0
Tinfoil Hat
Pretty sleazy, I’ d say, making a buck from the memory of the last American President. As a boy I was suckered by the Warren Commission. Then for years I thought the mob killed JFK. I also thought Watergate was an effort to dig dirt on Ted Kennedy. How naïve I was! The new scholarship makes it pretty clear that LBJ and others were the ones behind the assassination. The Watergate cover-up was really part of the assassination cover-up. But none dare call it treason if it prospers … or turns a profit. “Our” government is still trying to cover… Read more »
sct2ali
Irregular
51
sct2ali
My only “quibble” with Travis’ astute roundup is: to call people like King “journalists” is like calling the snake oil salesmen of the 1800’s legitimate “businessmen.” They’re shills trying to peddle a product. Personally, think the newsletter “industry” should be regulated by the Federal Trade Commission, rather than the SEC, but that’s not likely to change. Am only aware of two cases in the last oh 15 years or so in which people (Porter Stansberry, and some guy named Terry something in New England) have been successfully prosecuted for….well, in Porter’s case, what the judge called “fraud” for a special… Read more »
Crazy Frank
Guest
0
This is getting off the topic a little but for those who are interested in who killed Kennedy, you may want to read a book called “Mortal Error”. I read a well written synopsis of the aforementioned book and the reviewer felt that the analysis made in the book was the correct one. That Kennedy was accidentally shot by one of the members of his Secret Service detail; an agent with the last name of Hickey. Agent Hickey was handling an AR-15 which accidentally discharged and this was the gunshot that actually killed president Kennedy. The writer of the book… Read more »
joan_in_houston
Irregular
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joan_in_houston

Travis, I do believe that it is difficult to make predictions, especially when they involve the future. I am a grey-hair who wants to warn your younger readers to take everything with a grain of salt. PLUS, when I was a youngster, my MOM taught me to always CONSIDER THE SOURCE !!!

robtcohen
Irregular
10

Not coins while not seemingly a bad way to speculate in silver is Silver Wheaton.
It’s in the high teens currently. If you’re contemplating a precious
metal hedge, there are more than a few disasters breathing/available, and generally wayyyy down like titanium and PAL, palladium. Will they go lower? SLW is imho the … graveyard flower. Actually a metals play is at least a grave yard bud, but watchout for bees that haven’t gotten killed off themselves yet.

wkho noze
Guest
0

agor—UGH ENUFF SAID

Jon
Guest
0
I should start off by saying that silver has been manipulated by the government for eons. This includes gold. They need you to believe in the old mighty dollar. I should start off by saying that silver has been manipulated by the government for eons. This includes gold. It has been controlled in the futures market by paper- at 100 to 1. You can find more about it at Gatta. Silver also has been used in just about every product you can imagine and in every industry, from solar to medical as its demand growing as its has been used… Read more »
T
Guest
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T

This is quite off the topic, but since JFK is included, my ques is, anything goes. So I must ask gummies help to understand mysteries, I don’t get.
How come company which doesn’t have any assets and small revenues can have market cap $40 billion? I’m talking about Uber.
How about the company which doesn’t provide any content with smallish revenue have market cap of $225 billion. Facebook.

blackjack
Guest
0
blackjack

how can you possibly make gains like this when the markets, as has been proven, are rigged?

Just look at Morgan and the derivatives they hold. With this paper silver they can push the prices whatever way they want each and every minute their bots are making them money on trading what? NOTHING. Not one physical ounce of silver is traded as they buy and sell to themselves. Nothing short of AMAZING.

Diogeron
Guest
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Diogeron

Re: Byron King and those who buy into all these conspiracy theories he and others exploit to make a buck “There’s a sucker born every minute and you just happened to be comin’ along.” Tom Waits

A.J.
Guest
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A.J.

Not a believer in conspiracies myself, but one has to wonder why the Kennedy Dollars were discontinued after his assassination. As far as I know, and have been able to find out, the Executive Order, EO11110 is still in effect. This “conspiracy” may actually have some merit.

Griffin
Irregular
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Griffin

A.J. the Kennedy Half dollars were not minted till after the JFK assassination,
http://en.wikipedia.org/wiki/Kennedy_half_dollar
Executive Order, EO11110 allows the Treasury Dept. to sell some silver during transition too not selling any at all, see the link below as to why.
http://en.wikipedia.org/wiki/Executive_Order_11110

jonomalley
Member
87
I think it’s pretty clear that aliens are taking over our planet, disguised as humans, and are clearly responsible for killing Kennedy as well as playing all these “games” with our economy, they’ve taken over the Fed, and that’s why the Fed is really responsible for killing Kennedy. But really it’s the aliens. They’ve got the entire gov’t now. You can’t trust any of them. Watch out! Oh- they also have been stealing planes, mid-flight. Malaysian Airlines anyone? I don’t know how anyone could argue about this. The aliens clearly just stole that plane out of the sky. Now where… Read more »
vivian lewis
Guest
0

tee hee Jon O’Malley

Tinfoil Hat
Guest
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Tinfoil Hat
With all due respect, the “Mortal Error” hypothesis is among the most absurd explanations for the assassination that anyone has offered. It isn’t supported by the evidence, except for the fact that Kennedy appears to have been slain by a higher velocity rifle than the Carcano. It ignores the innumerable indications of Mob and CIA involvement and the massive government cover-up. Jon O’Malley’s tongue in cheek ditty about martians does a huge disservice to all those who have sought justice for our slain President and truth for our citizens. Simply tar all conspiracy theorists with the same brush and ridicule… Read more »
robert
Guest
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robert

How do you convert U.S. dollar currency into silver currency as was suggested above?

Griffin
Irregular
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Griffin
There are several ways that you can buy silver bullion as to whether it is currency will depend on producer and integrity. I would first check current silver price here’s links; http://silverprice.org/ http://www.coinflation.com/silver_coin_values.html IIRC Silver Eagles from the U.S. mint is what Byron at Agora is/was pushing. IMO any thing that has a premium such as ‘collectible’ attached to it in the next economic disaster the premium will not be worth much. ‘Junk Silver’ would be my preference. ‘Junk Silver’ is circulated U.S. minted silver coin (dimes, quarters, Fifty cent pieces) that has no collector value. The coins can be… Read more »
david cregar
Guest
0
david cregar

The widely circulated 1891 $1 silver cert ( last bill to feature a women pic) values at $150-500, considering an AU is worth $1000 and the robust volume of this specific year. Its not to far fetched to see it going for 1300 at auction. Rarer notes of course ( considering the track record and projections) easily fetch 1302%.

Griffin
Irregular
1086
Griffin

David that is collectors value, not that there is anything wrong with being collectible. There are some (Rand Paul, Dent) that are predicting the next economic down turn to be a disaster, chaos, worse than 2007-8, as in non-existent. If that is the case silver coin (80%) of the same face value will buy 10x what that old piece of paper will. Junk silver is for when everything else has failed.

Michael M
Guest
0
Michael M
I am reminded of a piece by Peter Schiff of Euro Pacific, for whom I have much more respect than Byron King. He was promoting “Silver Shots” about (I’m guessing) ten years ago. He was pushing silver options on the basis of the gold/silver ratio returning to historic norms. I’m still waiting! I kept his piece on my desktop for years as a reminder of the hype and flatulence that most of these pundits produce. I have to admit to being a gold/silver bug, and I’m way overweight in bullion, streams and mining companies. I am however convinced that these… Read more »
George Powers
Guest
0
George Powers

I could tell right from the start of the Byron King e-mail that this was nothing more than
embarrassing example of another opportunist theorizing the death of an American
President to draw in the American Public to buy something (in this case a subscription).

malcolm martin
Guest
0
malcolm martin

I initially thought he was talking about something similar to greenbacks
The more he waffled on I could see that was not the case, however Greenbacks are still legal currency
If you look on ebay at the prices then if Kennedy had issued some notes which he seemed to be hinting at – what would they be worth now

Griffin
Irregular
1086
Griffin
I haven’t been following closely so I hope I’m not too far off. At one time one Agoras’ gambits was Kennedy half dollars 1965-1970 which are 40% silver. This mornings silver price for a Kennedy half dollar is $2.3810. Agoras’ tease was that if you went to the bank and uttered these six words you’d make money. The tease was to buy rolls of Half Dollars, and I have read comments that it worked. Unfortunately I haven’t read when it worked or how old the bank was that it worked at. If you would like to verified this buy some… Read more »
Griffin
Irregular
1086
Griffin
I thought I’d throw this out to see if anyone else was interested. I received a company update from AVCVF, American Vanadium Inc, this morn. AVCVF is developing (as in green) the the only vanadium mine in the U.S.A. They licensed from Gildemiester(?) in Germany to build vanadium redox batteries. Vanadium redox batteries are used to store alternative electricity during off hours. The batteries are UL approved, there are several installations I believe up and running, and the mine maybe close (scheduled for this year) to produce. The gist of the update was that they re-hired Vorticom, INC. a public… Read more »
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