Crazy Bartlett

Sun, Aug 23, 2015 - 11:33am

Crazy Bartlett

One of our family stories is about my great-great grandfather who moved to Oklahoma at the edge of civilization after the Civil War. He learned that a railroad line was planned to pass through their region (insider info?). Of course such things took time, but he got busy. He planted alfalfa and started growing and baling as much as he could. The neighbors thought he was crazy and laughed at him. He kept storing it away and before too long, here came the railroad with its work horses and mules. The railroad procurement folks were buying alfalfa in a big way, but most farmers in that area grew other crops. They said, ”Yeah, there is one guy outside of town who has some” and sent them over to the Bartlett farm. He demanded 6x what alfalfa should have cost. They walked away and found other sources—for a while. After exhausting all other sources, the railroad company came back and signed a contract with him at his price.

He became very wealthy.

After the railroad was built, he took his profits and eventually helped found the Bartlett-Collins glass company. Bartlett took a risk. The railroad could have been delayed and his alfalfa gone moldy. But he saw the opportunity and seized it.

Don’t success stories of others stir your heart and make you look around for something, hoping to find that “deal” and cash in, changing your family’s fortunes forever? *

Physical silver offers a similar that same opportunity today. In my view, I can obtain this commodity cheap when nobody wants it. I am persuaded that soon it will be in short supply and high demand.

Very few people want silver and very few are buying. The price has been pushed down from the 2011 highs of 49 per ounce to the $15 range today. But even with few buyers, supplies seem to be getting thin, according to a growing body of anecdotal evidence. Such evidence will cross a threshold into generalizable empirical evidence as the individual stories of tightness become the norm and not the exception. For now, buyers like us can still find as much silver as we can buy -- for less than the cost to mine it.

How soon will silver gain value? Nobody can be sure. Probably not until the world economies collapse and after the rebuilding begins. In the meantime, it will fluctuate up and down in price within a prescribed range. Silver is not an “investment” where you can see an annualized return like in your mutual fund account. We live in unique times, with increasing government debt fueled by a system of central banks and their market makers that profit from increased debt, interest rates and inflation. This flood of debt has distorted markets and placed a millstone around the neck of the global economy. Our currency system is fluid, ever-changing, and can be easily shaped by this system of central banks, who continually tweak it to their advantage and profit. Unfortunately, that means inflation for us worker bees.

As a boy, I collected coins and had a number of pre-65 silver. But I did not understand money or fiat and was blissfully unaware of the changes of our monetary system in 1971. I was too busy being a kid. Then my coin collection was stolen (by a close relative and used for bus fares as I later learned in a confession) and I became discouraged and stopped collecting altogether. I still didn’t understand money.

I began my recent odyssey into silver ownership in late 2010 at age 51 as the price ran from sub $20 to nearly $50 per ounce. I went crazy, just like great, great grandpa, buying every sub-spot ounce I could find at pawn shops, antique stores and ebay. As those sources of metal dried up, I began large purchases from online dealers and looked like a financial genius until May 1 2011. The rest is history. But my silver is not going moldy as I await the building of the railroad. It is just delayed. Paper losses of 50%? Yes. Wiped out? No! (unless my relative comes to visit for a week...)

In late April of 2011, I was trading AGQ options—a paper derivative of silver. We lost a very nice paper profit the day they allegedly got public enemy #1. I have only dabbled in paper trading since then, each time earning losses as my bullish enthusiasm refused to give way to the reality of the manipulated metals markets. In 2014 I opened a trading account for futures and traded silver & gold futures options to hedge my metal. But metals turned bullish, briefly, I got overexcited and jumped in the long side. got Burned again—in an overnight session when I could not exit the trade. “Missed it by that much.” As Maxwell Smart would say

And that is the difference between holding physical metal and trading paper derivatives of metals.

My employee retirement fund is locked down until I retire or quit (10 years away) and only allows me to invest in Wall Street products. So I cautiously trade paper derivatives of metals with a core position of 70% in SGDM (Sprott’s mining fund) with a fairly tight stop. I day trade the other 30% in JDST and NUGT as the metal manipulators push them up or down. My bias is to the down side. I have done OK this year—not great.

If Bartlett had been holding futures contracts on alfalfa to sell to the railroad, they would have laughed and moved on. Horses won’t eat paper promises, and paper promises will not convert into alfalfa if there is none for sale in the marketplace.

Can you believe this situation we are in?

Silver prices are at $16 per ounce, but it costs more than that for most mines to produce it—let alone profit. The price is pushed around by a huge derivatives market of futures contracts traded on margin. But the dealers will sell to you at this centrally-planned price. I continually educate myself to stay encouraged that holding physical WILL one day pay off. I have a plan to sell out systematically, depending on the state of the economy and the value of metals. You should draw up a plan also.

I hold metals, (70% silver and 30% gold) for the future of my family--to start over after whatever kind of collapse hits this world. I also wish to pass something on to my descendants. If I am fortunate, we will profit and perhaps start a glass company or something.

* Alas for divorce. My heiress grandmother abandoned my grandfather after my father was born in the middle of the depression. I met her once when I was a kid. She was quite eccentric.

About the Author


2c piece
Aug 23, 2015 - 11:44am

Thank you

Thank you for taking the time to add your thoughts to this site. Now to read your input. Just my 2cents - which isn't much compared to your Franklin half.

Aug 23, 2015 - 11:47am

I like your ending qoute

over the picture of AE. Whenever I see it I laugh, I have seen other incarnations of it Good article Silver66

Swift Boat Vet
Aug 23, 2015 - 12:05pm


Eccentricity runs deep in the family, eh Doc? Great post. Thanks. Swifty

2c piece
Aug 23, 2015 - 12:05pm

Dr. .J., great illustration

Dr. .J., great illustration of how we learn from our forebears,and hope to travel in the same direction. Your grandfather started with green alfalfa and turned it into gold and silver. You are starting with gold and silver, so there is no telling where you will end up. Wishing you a smooth and profitable journey.

Aug 23, 2015 - 12:16pm

My silver

purchases from 2010 onward could be sold at my LCS for as much as 75% of my cost average due to the declining CAD$. I think I'll wait for a 30 GSR and convert to gold.

Ferd Torgerson
Aug 23, 2015 - 1:25pm

Dr. Jerome

As usual, crooks use mis-direction and deflection to draw attention away from what they're really up to. You speak of worrying about the ultimate value of your silver, as if that's what's really on your mind.

I seem to recall your entering the pie storage business almost three years ago.

By now you've probably amassed thousands of pies from unsuspecting clients. No doubt when TSHTF, you plan on selling them back to their original owners for six times what they are worth. You should realize that your ancestor could get away with his gamble because he still lived in an entrepreneurial society.

Once the ballon goes up, you will be vilified by what's left of the media in ways that Madoff and Corzine never were. Your pies will be expropriated and distributed among survivors according to need. Your name will be but a footnote in what will become known as "Piegate".


Katie Rose
Aug 23, 2015 - 1:50pm

Fire Update

I wanted to pop in here and Thank You! for the prayers that were offered on behalf of those of us experiencing wild fires in WA State. The fire threatening my home is contained. Yeah!!!

We have three friends/families whose homes were in the path of the fire. They were required to evacuate. All are strong Christians and prayer warriors.

What I am about to share with you is true. I know because my husband checked with all three families. The fire came, took out their neighbor's outbuildings and a few homes, and then the fires parted and went around all three homes. Not one of the families lost anything.

Three for three. I call that a miracle!

Aug 23, 2015 - 2:06pm

DR. J / Silver to Gold

Love to Stack....

Been after these lately....Smaller and easier to stack

Also found these to be interesting...each bar is machine cut to fit into the next one stacked.

Plus, It has "In God we Trust" Engraved on top of it. Great Idea

Aug 23, 2015 - 3:10pm

Inspiring Story Dr J

I'm stacking because I have INSIDE INFORMATION also. Lol Keep Stacking

Aug 23, 2015 - 3:30pm

Ferd, ya got me!

I suppose at some level I am concerned that TPTB will maintain their hegemony and hold our metals in check for a long time. My hope has been that there will be a window of opportunity to convert metals to what we need to survive and thrive.

As for the pie ponzie, I have them coming out my ears, in extra freezers, filling our spare bedroom, and in the garage. But my repiehothecation scheme has been beautiful. I have sold each of these pies a hundred times over and thus far have been able to do the pie shuffle and keep all demands for delivery satisfied--at least until the holidays this year.

I am sure sick of eating pie, as are my teenage guards.

I am working on changing my name and stetting up a 2nd residence in Mexico in a third name ... just in case the scheme falls apart, because one day it will. There is no unwinding the kind of pie ponzie that I have been running... just like the FED.

Katie, thanks for sharing the good news.

Hasta luego, amigos!

Aug 23, 2015 - 7:18pm

Katie Rose

Personally, I call YOU a miracle, Katie.

Aug 23, 2015 - 8:12pm

The National Teams (by ZH) seems to be paralyzed...

....and they had all weekend to practice. I'm sure...they have a plan A...B...C...D...

Aug 23, 2015 - 8:27pm

The counterattack

should begin shortly......

Safety Dan
Aug 23, 2015 - 8:40pm

@ Katie Rose

Thank you for the update. Your posts are always uplifting and full of life. Congrats on your husbands recent test results. Keep doing what your doing Katie as you continue to educate me and others who follow you. Thank you again..

-Safety Dan

Golden Turtle
Aug 23, 2015 - 9:14pm


Wow! I think they are going to break the GSR line! Do you know what this means? Silver is worthless! Gold is everything? At least for now? That's pretty daring! This is a 30 year trend line we are talking about or longer! If it happens it would be wow! "They shall throw their silver in the streets!"

Golden Turtle
Aug 23, 2015 - 9:17pm

That may be it guys...

The culmination of what I've been saying. If it's true they are about to break the upper trend line on the GSR, it will be shocking. Well played though. What a huge conspiracy if so! The GSR charts are some of the only charts in the markets that are the same worldwide!

Golden Turtle
Aug 23, 2015 - 9:32pm
Golden Turtle
Aug 23, 2015 - 9:41pm

All this manipulation the past few weeks has led to this.

Gold is going to the moon. Silver will be considered worthless, but may rise. Once they break the level then it means that the usual higher percentage gains in silver then gold will be REVERSED! Gold will go up in percentage faster then silver! Huge! Oil is going to $10! I was wrong!

Aug 23, 2015 - 9:44pm

Breaking the upper GSR range

Lets see how scarce silver gets at the retail level! I bet we see premiums rise-- the buy back prices may really rise. To me THAT is a genuine indicator of retail metal supply.

Golden Turtle
Aug 23, 2015 - 10:39pm

Figured it out.

I believe "they" are about to break the 30 year trend line of gold and silver. It is the one chart that all central banks and currencies use, as it is the same. A break here sends it to 100 and beyond. This would make silver no longer even a monetary metal, but purely industrial like copper. Gold would be the only reserve currency. This has been what all the manipulation has been about for some time. It would also make the coming metals bull market make the gains stronger in gold then silver, which has not been true only for the last 50 years or so, or even less. What do you think?

The point is, convert all phys silver to gold at this moment. ASAP!

The point of this is to warn all metaltards, convert phys silver to gold now! Immediately! The paper markets can do this faster then the phys! There are no inventories because the world has not starting converting yet! That's the reason for tight inventories! Woh!

Aug 23, 2015 - 10:42pm

The point is, convert all phys silver to gold at this moment. AS

I think I'll pass, I myself will be buying Silver with both fists. clif ‏@clif_high 11h11 hours ago Ack! EvG says $50 Ag/oz over next 2 months! IM/ST data says $68 ! … 6 retweets 8 favorites Reply Retweet 6 Favorite 8

Aug 23, 2015 - 10:51pm

I was going to use GT as my opposite George indicator

But he's all over the place... I'm ready for the flip side of the manic phase

Aug 23, 2015 - 10:56pm

Hey GT

There are no inventories because the people in the know are buying the shit out of the metals.

Occams Razor.

When The Global Silver Shortage Arrives… It Will Be Too Late

When The Global Silver Shortage Arrives… It Will Be Too Late

Dow futures down 250

SP futures down 30

Obliterated, next the rally, Then, DOWN BIG

Aug 23, 2015 - 11:01pm

I am Crazy Bartlett

or rather most of us here are anyway. In hindsight Crazy Bartlett wasn't crazy, just a man with a vision. Steve Jobs in his very early days envisioned a computer in every household, how crazy was that? Frederick Nietzsche said it best: "those who were seen dancing were thought to be insane by those who could not hear the music".

Aug 23, 2015 - 11:07pm

little help.................

Any way to go long on Lithium/Lamotrigine?

andrewbyrd Golden Turtle
Aug 23, 2015 - 11:33pm


Please take all your babbling and preaching to another site. You're fast becoming a nuisance here.

Aug 23, 2015 - 11:45pm


Plz Shut the hell up... Sincerely silver

Aug 24, 2015 - 12:21am


"The point is, convert all phys silver to gold at this moment. ASAP!" I think you are being played, either that or you are trying to play us... With physical silver inventories being bought down to impending failure to deliver levels, a failure to deliver is much more likely there than in gold, hence it would make sense that tptb are defending silver much more vigorously. A higher GSR says to me that tptb are increasingly desperate. There is still lots of gold out there to pilfer, but with silver, not so much. I'm with auagforever and others on this one...

Aug 24, 2015 - 1:12am

Apixelypse Now?

U.S. Stock Futures S&P-48.25 / -2.45% Level1,923.25 Fair Value1,967.63 Difference-44.38 Data as of 12:54am ET Nasdaq-158.50 / -3.77% Level4,042.25 Fair Value4,194.97 Difference-152.72 Data as of 12:54am ET Dow-404.00 / -2.45% Level16,063.00 Data as of 12:54am ET ---- most excellent post Dr. J It's looking like Monday is going to be a blast folks! h/t and congrats to all those in a physical Silver position. gotta zzz zzz now so i can enjoy the show.

Golden Turtle
Aug 24, 2015 - 1:30am

Well is all I can say is we will see.

It's occuring right now. It's all good. Stick with your silver.


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