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Fook'n Banana republic USA... everyday it reaches a new low.
Obama on the trillion dollar bill. Zimbabwe here come.
When do you think we will see dxy with a 73 handle? This week?
I would guess within two weeks.
You are an optimist
Maybe tomorrow. Looks bad right now.
How about tonight?
(Currently at 74.06)
Get this strait you fucking morons, not you LH; It is impossible for Ben Bernank to stop QE to infinity, for the exact second he does there will be an immediate complete and total worldwide economic collapse of biblical proportions that will make the great depression look like a fucking picnic. Got it? Keep buying silver like there is no tomorrow, WHEREVER YOU CAN FIND IT. There's no more physical silver on the store shelves. IT'S OVER, GOT IT?
True tthere will be a collapse, this is why people will look for a form of capitol preservation, PMs seem to fit this bill for all the aformentioned topics/replies on ZH. so we are not all Fin Morons, we are smart people. Whatever you do is/will be your problem. I have never felt more secure then being fully invested in Gold and Silver physical.
Down to 73.85 - 0.7% for the day - wow
This is an official Silver Alert:
USDX has fallen to 73.xx territory and Ag is above $46/oz.
the dollar support is gone already for a while.
Something really cool needs to happen to turn the tide.
Turning water into wine won't cut it this time.
Right now actually. Thursday morning GMT and I see 73.89
PMs seem to be inversely correlated to Obama's popularity, and the Congress' integrity. Hat tip to Jesse...
"Remember we are entering a period of May option expiration at Comex, on Tuesday April 26th.
As I mentioned earlier today, something is obviously up. I am trying to get to some level of understanding of it, and am wading through rumours, innuendo, and speculation. But there is something happening behind the scenes, I am now sure of it. And it might be big, because the usual trading desk chatterers don't seem to know what it is. Or aren't talking.
But I am wondering, are the BRICs going to make their move? Or is it something else."
Wow snidely. I'm seeing the same thing. It's just looking like brics are going to try to take over reserve currency. I don't think it's going to last but I do think it's going to force out an all out attack on libya, iran, north korea to try to bring them under fed control. While they are trying to resupply arms in a 120 dollar an ounce silver world. China's stored up all the copper so even copper jacketed bullets are going to be a bitch to afford. Now that japan has crippled the entire electronics industry, it's just coming down to a race to the finish line with knives in your back and broken legs.
Just wanted to say....
I used to be skeptical about PM's. But, thanks to sites like this, Turds, Harvey Organ, SGS, and Trader Dan, I bought heavily in January of this year.
Yes, it took me a while to be convinced and I'm not up as much as some of you who bought at $5, $10.... etc. Although I've never tried to troll y'all about PM's, at times I was skeptical, as some of the counter arguments can be convincing and I was junked heavily for it.
Now I see where this world is headed. I've seen the light, so to speak. TopCallingTroll a few weeks ago also made some statements regarding a change of heart, so I guess some of us just take longer.
I would just like to say thanks to everyone on here for your patience. Bay of Pigs responded to me last year and it really made me think and since then I've kinda become a PM bull. Eric Sprott and King World News have also been really enlightening.
THANK YOU ALL. I have donated to the various sites with my devaluing FRN's, as you have all been helpful.
I plan on waiting until next week before loading up again. I think the Cartel will be out in full force this weekend.
Just want to add a shout out for user Gordon Gecko, who pioneered PM life at ZH. Enjoy them coins, Gordon!
Yea and I just wanted to give a shout to Cheeky Bastard who personified Structured Credit Products man. Enjoy them tranches, man. Slice 'em and dice'em. Enjoy.
Yes, I hope they are well especially CB. One smart MF. And GG, I thought waiting for the next crash was gonna be the right time but f*ck it. Change is in the air. Jim Grant is right. GG was right. It's not coming back because its real $$$. As MC Hammer said "can't touch this." Physical and North Am miners? I'm in !!!
And the outrageously over the top Project Mayhem, hope all is well with him.
Actually, Project Mayhem brought me to this site originally. I loved the geo-political reality check every Monday and the connecting of dots linking finance, global banking and results on the street ....
Ya, he all of the sudden just went missing. I miss his insights bigtime.
It makes my heart sing that I've helped anyone out there in cyberland.
ZH has been a huge benefit to all of us. Thanks to TD and crew. This is the best site I've ever found for PM investors, hands down. The posters here are simply unbelievable.
Aloha my friend and best wishes to you....
GW & Project Mayhem is the leader in alt news of all of the internets.
Godspeed my friend. Hope some got some fiat shit paper agq also. I've put quite a few in silver and once we hit 50 I will make them relinquish some of their fiat profits and convert to physical. They promised.:) a cool 100% fiat profit in less then 4 months strictly off of silver deserves it!!! Fuck JPM, you subverted our govt and we are coming for you!
Keep in mind tho, JPM is in fact connected to the US dollar economy just like GS. Their recourse will be to crash margins and bring everything down vis a vis 2008 but if the physical is taken off the market like it has been with PM's, eventually they will hold their value. Meaning even tho you have fiat equity in silver/gold, imo they shouldn't get hammered like everything else. The value of the dollar might very well be removed as "the world reserve currency" but in the end it will still be a registered currency and hold value much like anything else (euro, peso, etc.) Therefore you can trade your fiat shit paper dollar for the new NWO currency (obviously would depend on it's nominal value compared to the other fiat paper of the world). There will still be some sort of paper to hold said value, it's just a matter of how much weight it has in relation to the physical "real" commodity it is in relation to. Feel free to correct me if my thinking is wrong.
Has anyone taken their own scrap to a refiner? Just curious, I heard you need like 6oz or more.
Some quick Googling produced this result:
He claims to pay 90% (of spot?) for junk silver, no minimum amount. I have no prior knowledge of or affiliation with this entity.
Thank but I can't see how there's no minimum. That's where the scummy cash for gold businesses come in to pay 20-40% of spot.
You have to pay for the guy in the chicken out fit i front w/sign...overhead!!
A gold dealer in the Chicago area pays 10% to 15% below daily price by gold purity. He was referred to me by a gold smelter and appears to be reputable.
My shop has a smelter. It's used for casting aluminum and brass parts to be machined. When we fire it up we also melt scrap Gold, Silver, and Copper in it before we shut it down.
My wife has a collection of old American Indian jewelry...about 100 rings, some belt buckles, necklaces, ear rings, etc. It's too pretty to melt down and I believe it will be great for barter in the future. We also have lots of silver in coin form that we bought at $7, 12 and 17 and a lot of old morgans and peace dollars, halves and quarters.
A big thank you to Zero Hedge!
If you've a good friend who's a jeweler or dentist, they can probably point you in the right direction. They'll generally deal with scraps as by product of their business.
Now there is an idea. How about Gold fillings from the dead. Time to raid the cemetery . All I need is some papers and a badge claiming I am an investigator.
Been there. Done that.
What a dirty, filthy, disgusting job!
"Could be worse. Could be raining!"
I always loved that movie.
Could be worse. Could have to work for JP Morgan and be Blythe Master's douche nozzle.
>I plan on waiting until next week before loading up again. I think the Cartel will be out in full force this weekend.
Correct bias and correct short term strategy, FTW.
Welcome aboard! Better late than never. Most people I talk with at work kind of understand we're screwed but don't try to acquire any themselves. I even offer to buy it for them on my account and split the shipping costs, no dice. I pray to God PM's drop like a rock because if they don't soon I'm afraid of the future my children are going to have.
that would be the denial phase, and most people sense there's an ill wind but they refuse to acknowledge that 'something wicked this way comes' and I've got news for those people, it's going to get here sooner than they think. wishing it away won't work but they think that if they ignore the obvious for long enough it will all be better.
a few of the people I dine with occasionally, bought PM's back in 2008 but they don't talk about it because I believe they still think that it's not discussed in polite company.
I was late to the Silver Party (and redid calculations to get my average cost of about $26 / oz), But I have been a believer in gold for decades.
You are absolutely right about the high caliber people here at ZH.
Except me. I'm a complete wankel.
I was late, too (my calculations show my dollar-cost average at just over $30). Better late than never. When the Titanic goes down, all that matters is that you're in a lifeboat and no longer on the deck with the screaming masses.
Aside from all that class-warfare stuff, tho' :)
I am a late comer also, started silver at $18 and gold at 1100.
What helped convince me, and I know this sounds dumb, but when I got my first tube of silver and once of gold, I just thought it was beautiful, I love to hold it, it just feels like money. Birds like shiny things, maybe it's some primal thing deep in the brain or something.
A Crow grabbed the keys to my truck, never seen 'em again.
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