Our own Scruffy wrote a very nice article in MIDAS tonight. I hope he doesn't mind me copying it below for those that don't have subscriptions to LeMetropole Cafe.

"Our time is near!

Looking at the big picture is could not be any better for us gold bugs. Silver went to $50 in 1980 because of a single investor who saw the price at an artificially low level. Mr. Hunt bought silver contracts openly and legally from the crooks who were in the habit of steering the price of precious metals and who knows what other commodities. That was at a time when there was 10% of the fiat floating around as we have today. And the price went to $50 / oz before the insiders were able to paint the legal purchase of what they were selling as manipulation.

That was 30 years ago. The US no longer has the 3+ billion ounces of silver in the strategic reserve to make available to the bullion banks. In fact there is no significant store of silver that is not owned by multiple parties. If the crooks admit to being 100:1 oversubscribed to the bullion on the LBMA, it is possible that the real number is even higher than that! Both gold and silver are sold many times over. To date, the criminals have only had to supply physical at the margin to keep their Ponzi scheme going. But that game can only be effective to the extent that only a very small fraction of "owners" request delivery.

It will not be long before reality overcomes the lies of the cartel and the mainstream propaganda outlets. In just the last 6 weeks there has been a shift of the individual investor (little guys) from apathy to buyers of physical. This interest of the individual is localized to Europe right now. The stimulus may be the Euro/Greek problem today, but it will spread and with each new increment of demand, the lack of physical will become more apparent. National financial crises may soon become a global epidemic The rush to obtain physical gold and silver will spread from small pockets here and there into a global phenomena. We are witnessing the beginnings of a demand explosion and the early results are impressive. Where will the supply come from?

The cabal has been manipulating the paper price discovery game and selling physical metal contracts backed only by lies and opaque bookkeeping. The belief that millions of ounces of metal traded each day on the LBMA market were backed by actual physical metal has been demonstrated to be a fraud. The massive amount of paper illegally sold short by the US cartel is now being recognized and investigated. Both methods and the perpetrators have been exposed. This, coming at the same time demand as the increased demand for actual delivered metal, is the worst nightmare for the cabal, the central bankers, and the profligate governments.

Precious metal investors are still a small % of investors world wide. The reality of major changes directly related to precious metal demand and the reality of supply shortages is setting in. Demand will soon explode! GATA’s message of the reality and methods of cartel precious metal manipulation are now being repeated in more and more venues. Finally we are getting some legal pressure on the cartel that has up to now enjoyed a free reign to rip off anyone who played their paper game. This is the end game. The price of gold and especially silver has the potential to exceed our current expectations by a wide margin. This may be our last chance to exchange fiat for paper. Get physical. Now!
Scruffy "