This page has been archived and commenting is disabled.
2 Year Drops To Fresh All Time Low Yield, Prepares To Breach 0.4% As Gold Touches On Fresh Record
As Morgan Stanley pointed out earlier, the entire market now revolves around the insanity of one man. Just one man. That insanity has just taken the 2 Year UST to a fresh all time low of 0.4066%, and gold to an all time high of $1,320. Once the record divergence between stocks and bonds collapses, it will be one for the generations. Too bad not many may be left. At least gold "bugs" will have the last laugh over the paper bugs before it all blows up.
2 Year, fresh all time record:
Gold, fresh all time record:
»
- 7572 reads
- Printer-friendly version
- Send to friend
- advertisements -
Flash crash already, bitchez
Stupid ? Why are yields going down instead of up? Is it because the Fed is buying them? Or am I totally lost?
Seriously, 10yr yields flash crashing from 2.58 to 2.50 in a couple minutes...on no news. But that makes sense because hardly anybody trades these things <sarcasm>. Everything is what they say it is now and the value is what they tell you it is. Those thinking for themselves are bound to be terribly frustrated.
You are not lost. We are kiting checks into nothingness. We are announcing to the world that our word is worth nothing. We are not a nation, we are a Ponzi Scam and we have exported the Ponzi to the rest of the developed and developing world.
Pooooooonzi. Paaaawnzi! Ponzi, ponzi, ponzi! @-@/
O
In case my meaning is not clear, this is nuts.
Bond death roll. Ask a russian. They'll tell ya.
1100, yes it is because the Fed is buying them. Actually the Fed is buying them from their proxy primary dealers and indirectly through the bond speculators. The bond speculators want the interest rates to fall so they can make risk free profits buying bonds at higher interest rates and then profiting when the rates fall. Our monetary system has been highjacked that or it always was and now the drag of excessive debt is just revealing the inherent weaknesses of the system.
Yields are dropping because banks are buying AAA non marked to market treasuries and leveraging at the legally allowable 10-1 ratio. This exchange of cash for government IOUs aka treasuries takes money out of the money supply, which is deflationary and provides Uncle Sam with funds to service debt at ever lower yields. Without money to lend and FDIC guarantees on mortgage values ala JPM's buyout of WAMU it is a circle with little hope for near term change. The only way I see an end to this may be when the 2 through 10 year treasury yields become uninvestable, even for the banks. Rates of 0=1/2% aught to do it. However, with so much outstanding debt it may be years before rates rise and probably for reasons we don't want to discuss now.
SUN TSU says ' Kill the head and the body shall die'
What happened to that guaranteed up day? I look away for 4 minutes and its gone already? Remember now you need a 1% up move daily in equities just to tread water now.
Remember back when $5B could keep the market up for a good hour?
Robo, why don't you get a piece of that hot PCLN action?
HA HA yea remember the good ol days $5 billion a couple weeks ago was buying a good 2 hours of market green! Now, nothin.
The American people elected presidents who nominated this mad man who was then confirmed by the Senate whose member were also elected by the American people. So the entire nation is in a mad state and its people are to blame.
Well, Im not to blame. Ive been warning this would happen since the 80's when everyone was all hyped up about this nifty 'NAFTA' and 'GATT' that would be so wonderful for 'our economy', lmao enjoy the consequences of full implosion now, you bunch of EZ terms nothing down partiers.
i did not vote for the mad man or this admin - dont blame me.
remember all the skeptics here at the time of the mad mans coronation, er i mean confirmation
Betcha you voted for the Republicans, without whose votes our little friend Ben would not have been confirmed. If you think Republicans have some great ideas, look at how much success the economy enjoyed with Bush at the helm. Do you really think there are two different parties?
Unless you voted for a third party, you don't have any right to cast aspersions.
I voted Libertarian, personally, even though I didn't like the candidate.
You underestimate the ability of those mad men to deceive. To think the voting populus has not only the intellect but accurate information on the canidates is lookiing at things in an ideal light. Personally, I believe the US school system indoctrinate students to think this, to believe we can change things at the voting booth, when reality is more sinister.
Yes...which is why a system crash is coming. The Great Reset will remove those who abuse their power.
The voting populus are drones, believing everything theyre told to do yet also believing theyre intellectually 'deciding' something. Well you have to hand it to the architechts, its the greatest population control scam ever devised.
Voting is treason, as it legitimizes an unconstitutional form of government, a.k.a. the Coup of '13.
The only form of government that has the capacity, let alone the ability to solve any social problem is self-government, for only the individual is capable of logical reasoning leading to beneficial action. All other forms rely on the crazed gun-man telling us to "Do what I say, and nobody will get hurt!" With the lying gun-men being funded by the bankster class, of course.
www.regenerationx.org
Yep, voting is treason.
"I have solved this political dilemma in a very direct way: I don't vote. On Election Day, I stay home. I firmly believe that if you vote, you have no right to complain. Now, some people like to twist that around. They say, 'If you don't vote, you have no right to complain,' but where's the logic in that? If you vote, and you elect dishonest, incompetent politicians, and they get into office and screw everything up, you are responsible for what they have done. You voted them in. You caused the problem. You have no right to complain. I, on the other hand, who did not vote -- who did not even leave the house on Election Day -- am in no way responsible for that these politicians have done and have every right to complain about the mess that you created."
George Carlin
Not junk at all
+310 million minus some Zero Hedgers
Everyone needs to vote Cthulhu in 2012, "Why choose the lesser of two evils?" No more years!
It's a simple platform, death and madness to mankind. So it's a lot like the current group but unlike them, mighty Cthulhu is an ancient inhumane horror and promises a more quick and painful death.
Obama advisors are saying what he needs now is spectacular terrorist events....watch out here people.
Source please? I wouldn't be shocked if they believed this, but to say it publicly gives them no upside and would be a PR nightmare... sounds fishy to me.
Jeff Rense, blacklistednews, for the above poster calling me names go ahead and leave your money smartly and smugly parked in some BS daily manipulated scheme jackass I beg you.
Uh, Sheepdog? If you will note I stated I agreed with your basic premise but asked for the source since I saw little upside in them stating it publicly. Never called you a name, never stated support for the powers that be... relax, man. We are on the same side.
No I wasnt talking to you I meant the guy below who called me a nut.
http://www.ft.com/cms/s/0/434315b2-8ea6-11df-8a67-00144feab49a.html
Thanks for the link. Yes this talk is all over the place about Obama needing something big to 'rally the people back to him'...this could get real bloody quick.
Perhaps because a still-small, but growing, number of Americans do not want to be "led" into a statist totalitarian nightmare, and are not looking for "leadership" (aka tyrrany) by anyone, period.
++
The old false flag warning. The picture fits you well.
Go ahead, fixate only on the fake economic microcosm jackass.
You picture fits you well too, wear a bag over your head always.
New Osama ben dead tape out today also.
Weekend at Bernie's 5?
No man is an island.
No man is an island? What an opportunity!
That's it! Apple's next product. iLAND.
iWINDOWS for your home to enjoy iVIEWS of your iLAND for $0.99 / acre.
Now every man can own iLAND.
iCAN see the Farmville tie-in plain as day.
iCAN haz an iLAND?
iCHAN haz Blockbuster! No Farmville tie-in.
not hearing the "bug" slur much these days. the guys who sneered at gold at 1000, 1100 and 1200, now love it at 1320. im taking some profits.
everything looks shaky here
You felt that tremor also ?
I couldnt agree more. We are not in a bubble, but with everyone saying gold is a no brainer, I will wait for a correction before buying more. I aint selling but waiting. I am short SLV (puts) and it hurts however.
yesterday i actually received junk fax touting gold; the same friends and people who thought i was nuts to mention PMs months ago are now asking me - is it too late to get in. i'm not calling a top - just banking profits.
you see that guy on tv this morning that looked like he was ready for his first prom touting 1320 gold and 22 silver
holding juniors and explorers
oh.. so now with so many traders frightened of Gold, Time for Gold and Apple to rocket higher, I guess.
Then you clearly have not been reading the good (sic) Mr. Nadler, I see!
It is not nearly enough for him to just mock, deride, and attempt to ridicule "goldbugs", but he has discovered an apparently new strain of "RADICAL EXTREMIST GOLDBUGS!" upon whom to pour out his bankster-loving, gold-hating wrath.
That man is not just evil, but positively unhinged.
gold touches the top of a weekly rising wedge at 1320ish while the dollar has corrected a fib. 75% of the move off the nov 09 lows. I'm hedging my physical gold holdings right in this range here.
yup. "gode" needs a cigarette break...
Oh look someones doing stock analysis on a CURRENCY. Isn't that cute.
The shape of things to come. As great as this all is, the reality is that things are just getting underway, keep perspective.
Like James Turk says: do NOT get shaken out of your PM positions, you may never make up the ground...
HOw the FUk can Ben engage QE2 with commodities soaring and USD getting killed will have hyperinflation in a month...
Hey now, the insane Cap'n of the Titanic has deemed that pumping more water into the ship will overpower the water rushing in thru the torn hull, surely it will work what could go wrong??
I love you SheepDog-One. Everyday you say something that makes me LOL. Thank you!
Maybe Bennie and the Debts are learning a lesson about threatening QE. If you threaten it, everyone reacts as if you have done it.
If I have euros to spend on gold, shouldn't I use them, instead of dollars, because gold in euros looks pretty cheap at the moment, and when the end game comes, BOTH usd and eur will be shite anyway?
What am I missing here?
Not a thing: you nailed it. Buy silver and gold; at least begin to buy in now. Those awaiting a "correction" to start owning may pick up $25 to $75 p/oz off 1320. On the other hand they risk what many feel is continuing upside action for some time to come.
You've got to make the call on which course of action is more in your interest. My firm recommendation to all those contemplating jumping in is to do just that: get started. In a disciplined way, not for mania.
Never mind the price, you need to esatablish a position and add to it each month while you can still get it and get it at these prices. Dollar/Pound/Euro cost averaging assures you'll build a position as well as mitigate high/low moves.
Good luck!
Arrest, Ya hit it out of the park. Buy a little EVERY month, don't fret the ups and downs, get some of the real stuff and sleep better at night.
+10000000000000000
I came up with a plan for doing just that, but had a tiny bit of doubt as to the details. You have removed that doubt. Thank you!
Let's see! Paper ASSets or hard currency!! We'll throw them both into the economic fire storm coming coast to roast and see what comes out ashes!! Operation preparation "H" in full swing!!
Hmmm, feels to me more like 'Operation Astroglide'!
You got it SheepDog! No way me the baby boomer goon-a place my funds in the rat bastards hands! I'll keep a tight chain on my assets!! Swiftly moving toward 100% possession will be the law among the lawless rat bastards running the country!! Cheers coast to roast a certain sweeping fire storm!!
Don't worry, everything is better now. GM just announced "great" sales, "much better than expected" - according to MSM. That was a close call, we almost were going red for real.
Wait a minute...who owns GM?? Same people reporting all those other "stellar" numbers? Hmmm....
Bearish irony, from the utterly permabullish HarryWanger of just six months ago? Who woulda thunk it?
Really though, Harry, what is responsible for your complete about-face, after your relentless (and mindlessly) pro-Wall Street trolling in this forum earlier this year? Have you had a true change of heart after "seeing the light" on all the corruption and unsustainability in our current financial paradigm, or is it just that you managed to accumulate enough data on the psychology of us "utopian" and "rigidly unrealistic" permabears in the course of your little study?
Pissani reporting 4 weeks of Equity inflows ...whatever
and no source given.....
I guess so, if he's only including gold as an equity not a commodity!
Another doze of gold fix.
I am so drunk, already
Today's action in stocks is pretty telling. It's the third day in a row where a strong opening rally was almost immediately sold into. It was understandable approaching quarter end as people wanted to book gains. But this shouldn't happen on the first day of a new quarter if the rally is to continue. If stocks can't rally this afternoon, it's time to get short.
For anyone wondering, watch these closing levels today. They are the highs of yesterday before the Evil Empire commenced their raid. All those fresh shorts that got piled on yesterday...every single fucking one...will be underwater all weekend.
Dec10 gold = 1317.50
Dec10 sliver = 22.13
A close today above those highs would be enormous. Signal 1350 perhaps as soon as next week.
Additionally, close inspection of a chart off of the July correction lows shows that about 80% of the gains can be attributed to price movements on Mondays and Tuesdays. A very interesting phenomenon, primarily due to technical action brought on by sequentially higher weekly closes. This week is another higher week (at least so far a/o 12:10 edt). Look for more early week strength next week.
I agree. The "shorts" had bazookas before; now the Asians are proving that this artillery is about as effective as rubber bands and paperclips.
Yup, this is quite a battle. Ranging 1315 to 1317, right there.
One of these Fridays, the Raiders are going to strike and push gold over the next psychological hurdle to let the perception sink in over the weekend.
I wonder if that will be today.
Right this time the Psychology of the Gold Traders have gone decidedly negative, everyone is scared of Gold's high. I am scared too, even though I have a buffer in many 100's.
Something is happening and making uneasy feeling and this is not similar to last Nov 2009 price spike, which felt good. Let's watch and see.
Gold closed today @ $1319.20, silver @ $22.11 (does two cents matter that much?)
Nuff said.
Silver, bitchez.
I see lot's of people still trying to fight the masturbating machine of our government.
Many people don't realize how strong of a weapon is the propaganda. Every1 calling for others to wake up... it took us 70 years in former USSR to break the ice. It's more than 70 years now for China.
Propaganda and political brainwashing over generations works like a charm. This election is not going to be any different. grand Ben will continue to do what he is doing (based on his experience) till there will be some sort of revolution. There was not a single country that peacefully changed the regime, and unless the bottom does not want and the top can’t handle anymore - we will continue our path to destruction.
Britain around 1840 converted from a monarchy to a parliamentary system fairly peacefully. There was some mild violence, if I recall correctly, but I'm sure it was less than the US inflicts in Pak-ghanistan or that occurs daily in cities across America.
I believe you're correct....
:o(
Bring on the Romanian sharp shooters!
Ia here any real action by anyone here or is it all blog? How can we get more involved?
The best action you can take is to put the education you receive here into action. Prepare. Protect yourself and your family. Think for yourself. Don't be a lemming.
Agreed.
Disintermediation, bitches!!!!!!
(you knew it was coming)
we are not all selfish like you. What about your friends and neighbors? doesnt it bother you if they suffer, why cant we work together and bring about reform?
You make a lot of ASSumptions there. There can be no reform, but we can do our best to preserve our wealth. What wealth we are able to preserve will form the base of the new economy, one in which those neighbors will be much more free.
My neighbors and I have an action plan that will keep everyone alive and hopefully protected from the coming storm. I have enough money that I can provide for everyone for several years, though I will demand something in return for my money. New industry will spring from the ashes of our fallen civilization so long as SOMEONE is prepared.
Friend, I think you seriously misunderstand. Or don't understand how to apply what you can learn here.
How will you be in a position to help loved ones, friends, neighbors, or others in need if you yourself are not in a position to do so? This is KEY. YOU could be a source of hope and more for many. Many who still don't get it soon will be forced to.
Please think that through over the weekend and come back next week in the frame of mind to use knowledge anyone can gain at Zero Hedge to help build an ark for you and your peeps. Get some of them onboard and do not blame those who refuse to be the victims of the crimes of the financial terrorists who are attempting to pick the bones of the Nation clean.
Doesn't bother me at all. I don't give a shit about economics. But I still learned it in 2 years of intense study. Everybody has to come to conciousness. No need in dealing with people stupid subconcious reactions where they end up protecting things that hurt them and hurting things that try to protect them.
"why cant we work together and bring about reform?"
Maybe middle age has made me too cynical but, shit, where do live? FantasyLand?
Do you really think that with a little community organization or your part you can bring down the Fed and their minion politicians? How I wish it were so but you're dreaming.
All the power that they have can be intimidating but no man is invincible and when they fall they fall fast. Read up on the 1989 revolution in Romania and you will understand how one of the most opresive and communist dictatorships was brought down in a matter of days. This regime had secret police forces that arrested anyone who spoke against the dictator or attemted to form an alliance against them.
And it all happened at the hands of college students who began revolting on December 17 and after only 5 days the fall of the regime which represented the begining of the fall of communism in Europe had taken its course. On December 27th the dictator and his wife were tried by the court and executed in front of the firing squad on the same day.
Read up on kings and queens of france. People put up with that shit for 150 freaking years until a particular powerful pluto transit hit and it was guilotine time.
Read up on Tiananmen Square and how thousands of peaceful college students were ruthlessly murdered by order of their oppressive, power-clinging politicians.
Selfish, nothing! Have you tried to tell friends and loved ones what's going on? I have. And with VERY few exceptions, they tell me I'm a moron and that I don't have a clue! I could put up with the insults if I believed they'd THINK about what I've told them. But they don't. They're much more interested on what's on TV than on my mind.
i know people will not accept the truth and do whats good for them but that doesnt mean we have to give up on them and it doesnt make it ok for them to suffer. How does it make us different then people from Goldman Sachs , JPM or other members of the wall street oligarchy if we only think about us and our families? the only difference would be they are in position to steal and build wealth
Don't expect ME to parachute into Washington DC (or any other large metropolis for that matter!) and try to educate the masses -- far too late for that! I'm gonna be too busy helping the locals in my rural area get organized to survive the shock wave from the Great Implosion!
Wafflehead,
I understand where you're coming from. BUT, you cannot help someone who won't help him/herself. This is applicable to any self destructive behavior, btw. If you've ever loved someone who was determined to self destruct, you know this. You become the cause of their problem because you kept pointing it out, or trying to change them. They blame you. Better to let them hit bottom. Should they survive it, they are much more open minded about things. Also, its very emotionally, financially, and physically draining to do as you wish. Not many of us have endless resources to invest in people who will not listen. Tis better to invest those scant resources in people who ARE interested. Just my two cents.
Recommending specific action can have some nasty consequences. I think the implications of what's being stated here are pretty obvious, but turning those thoughts into action, not so obvious.
I remember the 3rd world countries I lived in, 1 theme is common- Those with guns and ammo and lots of likewise armed friends are the ones who do all the eating.
I remember talk of "bond vigilantes".
Maybe this econ environment features "gold vigilantes" to show distrust of gov't policies....
make it so
Existence of gold vigilantes seems very likely:
http://www.youtube.com/watch?v=IDuZmmz3dqg
GATA is on record to break the gold/silver cartel in taking delivery!! No doubt the rat basturds jumping ship in doooooosch central!! The sewage capital of the world have anticipated the dollar being busted and jumping ship to crowded life boats. Coast to roast a certain fire storm to burn nations paper to ashes with the neoCONoplians in charge!
Auto sales gonna take us to a triple digit dow gain and a solid close above 1150 SPX despite any other news. If we're selling cars, everything must be ok, right?...right?
There now has to be a triple digit equity pop daily or its a net loss in purchasing power against everything else.
The slope of expotential functions get mighty steep the longer this Fiatsco continues! Good luck hanging on.
forget the laughter buddy. Time for the bugs to start soaking the tears. Gold is clearly showing slowdown and some serious divergence. You see the problem with Gold is it has no idea why euro is rallying like this. Isnt it? I mean the bugs had been buzzing all over the solar system that fiat currencies were ending and the only species who had the insight to nail this investment thesis was some ivy league firm rejects and some 60 year old perverts called as the "Great Gold Managers".
There was a little statement today from the Chinese which as usual would have been swept under the carpet. That statement indicated that China was more than happy to look at euro to diversify. They have put a solid floor under neat the EURO and it will never again breach 1.3. Unfortunately Gold has a record 260k speculative longs who are all going to burn when they find out to their utter dismay that china doesnt like the yello
shit.
Here is another piece of food for thought: It is COMEX that has allowed Gold to reach 1320 given the excessive specualtive longs. It will ultimately be COMEX which will unwind those longs and to ur complete confusion Gold go down well below $1200 or whatever level is fit.
Infact in the last leg Gold last leg has been laborious and stretched with stochastics clearly slowing down. This comes at a time when EURO ADX and stochastic are entering into "sweet spot".
Yea but heard all the same when gold was under $1,000.
blah blah bla, yet another with no clue about the big picture.
'Gold now showing some serious slowdown'
WTF its up $8 today.
now calculate % rise. Compare that to everyother commodity/currency which moves against the dollar? Did you get the winner? Gold is not in top 3. Infact India has performed better than ur yella shit. Understood ?
The ZH crowd is among the dumbest set of nuts I have ever interacted. Just cant get some simple fundas. I always thought that this crowd was intellectually smart but guess with Gold bugs crowding this place, there is no chance ZH will ever attain stardom.
http://www.youtube.com/watch?v=-pd8gJ2N6uc
Price of gold in dollars 1315
Price of gold in indian rupees 58435
Ratio 44.43
Ruppee/Dollar exchange rate 44.68
Now that you know how to do money maths. Bzzzzz.
I won't be diluted. I won't be refuted. And if you get pushy. I won' t be scooted.
OH, is this Robotraders second account? So you scoured the earth and found something in India that has risen higher than gold has, and then consider your case closed? Then wrap up your ridiculous mutterings by saying you're smart and zerohedge sucks? Tyler, how about upping the Captcha quiz a few notches?
I lived in India for a year big guy, gold is the universal store of wealth for 1 billion people and has been on that subcontinent for millenia so.......if 1/6th of the earths population is willing to buy sell and trade for the shiny stuff I figure I probably can scrounge up enough to live on with it, if I had to.
Fresbee, you wouldn't perhaps happen to be the bastard offspring of one Jon Nadler, would you?
Shaddup, Johnny.
fresbee
Uhm !
"Unfortunately Gold has a record 260k speculative longs who are all going to burn when they find out to their utter dismay that china doesnt like the yello shit."
Are you sure you weren't out with the stoner crowd in high school smoking some columbian gold when you should have been in History class on the days they covered Chinese History. ?
Hey cool, ya mean I can buy MORE of the stuff for UNDER $1200???
Sign me up Brotha!
(All said with a stoic, stony disposition)
But am long with tight stops here and have already made $150 but am completely cognizant that gold has no future and it will crash once the speculative longs at COMEX crack.
Yeah right, so you're right either way.
I bet you're in GLD. Good luck with THAT. Paper burns long before gold melts. You don't seem to understand that.
why is it so difficult to get into hard nut that paper is what is giving Gold the value it has? Paper cannot burn first. If it does, Gold cannot be measured. Gold is what value that COMEX assigns it. Physical derives its value from paper. In the day when paper crashes (it will nveer happen), Gold will have no value. In fact nothing will. They will make a new system. Study the history of evolution of banks from 14th century.
That is what ANOTHER said. The day COMEX,LBMA crashes, we won't know the price of Gold from then on. BIS will step in to provide buy/sell prices for Gold. No more paper Gold trade, and all the paper Gold will burn in a huge fire, only Physical Gold trading.
BTW you sound like Johnny Bravo with all the "shit/retard" talk.
Nothing will have value?? LOL
I'm calling it now, this moron is some MBA fucktard at Harvard, Yale or NYU.
lol, then what gives paper value? The almighty word of Johnny?
You should make your next user name Double D, as you are as dumb as dog shit.
Fresbee, you remind me of the old line about the person who knows the price of everything, and the value of nothing.
Speaking of things that "cannot be measured", the intellectual value of your commentary here would be one such.
Back to your playpen at the Nadler Daycare Center now --- I just hope that it is paper-lined, as you seem to have stripped off your nappy, judging from all the fecal material you are whipping around here.
Careful! When those "Authorities" tell you to jump off a cliff, you'll find all the belief/hope in the World won't prevent Gravity from moving you downwards -- you'll be grabbing sky the whole way down!
Gold may not have an "Official" value after the Great Implosion, but it will certainly help communities get re-organized and trading for the things they really need. Paper is still only worth $85/ton, no matter how much Faith (and colored ink) it has on it.
Fresbee reminds me of the man made global cooling/warming/changing/disrupting crowd: No matter what happens they are correct and anyone who questions their infinite wisdom is a complete moron.
So what are you rolling you gold cash-out dollars into, Johnny Bravo?
Yields are down because of flight to quality. The higher the price (more buyers) of treasuries, the lower the yield. This is telling the the smart money has already / is already leaving and buying treasuries (money market/bond fund, etc.) They are willing to make little to no money on their investment because they believe they stand to lose a lot elsewhere. Look at what happened to yields right before the 2008/9 panic. The market soon followed yields straight down. Park your money in a money market fund or short term treasuries, not gold/silver. When the correction happens, commodities prices (yes even gold and silver) WILL collapse. In the event that your treasuries become worthless, it won't matter anyway because you'll be better off with steel and lead. If you think gold will be a currency, I have news for you. They will "create" a new fiat standard, and gold bugs won't be part of it. Have fun.
well written. Gold has no role. It is pure speculation. The insects are mistaking it for some thesis that only they have stumbled upon on how Gold preserves their little wealth..
It is even more funny when I read how Gold will get them bread in the day when all systems collapse. @#$@#$ iNSANELY DUMB.
I mean if Gold even remotely had a chance of $2000 then some of the largest PE/Hedge funds would have already loaded 100% into it. I mean the KKRs, Blackrocks, CVCs, renaissance are not dumb. Men who have made money are never dumb and most of them are insiders. But Gold bugs never have made money and never will.
"Men who have made money are never dumb"
http://www.youtube.com/watch?v=PJQVlVHsFF8
No, my buckets of wheat, grain mill, and solar oven will get me bread when all the systems collapse. My gold will provide a financial foothold when the new system emerges.
Well said, -Michelle-. You beat me to it.
When the "new system" emerges, which, I'm just taking a wild guess here, will be based on the already semi-globalized dollar, you will be taxed to hell and extremely penalized by owning gold in order to get that gold back into the new system. Your other option, if you are in an electronic GLD or other ETF type vehicle, will be to be restricted from trading until a huge decline in asset value causes you take a capital loss. Of course, you could always stay underground and trade your gold in a way that is analogous to trading stolen firearms with other criminals who demand your product, but that severely limits you in a lot of ways. I'm suggesting that you do what the elites do, and park your money in a money market fund or cash in your mattress, wait for the ultimate selloff of risk assets, and all asset prices in general, and then use those dollars to buy assets and highly devalued prices. This WILL happen. History shows it does. You have been forewarned.
"I mean if Gold even remotely had a chance of $2000"
You're right, it'll go back under $300/$400/$500/$600/$700/$800/$900/$1000/$1100/$1200/$1300 any day now.
Not so sure about your call on gold and silver. The Chinese are calling the shots and they seem to have voted for gold and PM's as store of value, as has India and Russia. Gold is also already in the IMF basket of SDR's. China is rushing towards a gold backed standard with their own gold buillon market and national buillon storage facility, encouraging all asian nations to use the facility and move away from London and the West. There's even more to it, but that's sufficient.
There's no getting away from PM after thousands of years. Any new currency looks to have some PM backing.
You speak the truth that TPTB don't want spoken; God forbid there's a safer haven than USTs. The deniers have bought the "propaganda" hook line and sinker; their egos will not allow them to believe otherwise even when the facts of who is buying and why get in the way.
The funny thing is that we're 'globalist' when times are good. When things go south we become myopic.
The Chinese have always been suspicious of Kwai Lo (Foreign Devils). Their suspicions were confirmed with the Opimu war(s).
Totaly disagree with your 'past=present' scenario. Youve never seen anything like whats coming, and to think commodity prices will tank has no merit at all, and your bond-centric thinking is irrelevant as bonds are redeemed in rapidly declining FRN's. 'Safety in bonds' backed by worthless paper, good luck with that.
And BTW TRGfuds and fresbee, talking like pompous jackasses does not make you suddenly relevant, sticking feathers up your ass does not make you a chicken.
Reviewing you 2 clowns posts I conclude you have shit for brains.
Flight to quality? Smart money? LMAO. Are you out of your mind? Maybe you should take a look at the USDX lately. Get a clue buddy. People are LOSING money by sitting on it.
And BTW, if you haven't noticed already, gold is trading as a currency.
Fatwa. You're talking about a fatwa.
I prefer the term gold insect.
I prefer bugs.
http://en.wikipedia.org/wiki/Bug_(Starship_Troopers)
Fighting human fascism since 2188!
I like insect, specifically order Lepodoptera, Butterflies.
A bug is something that scatters when exposed to light which would be the Fed. I liked Denise in Starship Troopers.
not much an individual can do to counter this situation.....although I have a suspicion that it wouldnt take all that many collective individuals moving from 5% to 10% PM portfolio allocations to pressure the system. PM markets arent that deep. Once you get the initial inflation going, how long before the bond market tanks.
Just know that dead head fed gangster central banksters can print all the paper the vermin want but can't step into a corner & shit .999 gold/silver deliverable bricks!! The squeeze happing now in precious metals with those protecting/hedging paper ASSets, and taking delivery on metals has the banksters wonder? What's the next plan? Single head shots in empty bullion vaults??
"When paper crashes, Gold will have no value."
________________________________________
Unlikely. Gold has been around a lot longer than paper. Virtually every paper currency ever introduced has ultimately collapsed. Those holding gold during those times profit, those holding the collapsing paper currency do not. (Google it, you'll find that this is true.) And so the dollar will go the way of all other paper currencies and collapse as well. When that happens, I'll hang on to my physical, thank you very much.
"When paper crashes, Gold will have no value."
In other words, Gold will be priceless (at least in Fiat currency!)