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And So Gold Is Under $10 From All Time Highs
Remember when all "experts", pundits, and all other idiot verietals couldn't shut up how gold was going to triple digits imminently? Yes, neither do we.
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Careful, you know what happens to anti-semantic posts around here!
what do you mean by that?
The Semants control the government. They control banks. They control everything..Be quiet!
Can-dang-go boys! SILVER GOLD the new currency.
Oil @ $100 and counting?! What about them thousands of tankers out at sea, full of
that shit?! Libya, sure, cuts off 800M B of it so? This is too easy folks!
I don't buy it! Sure, I'll stay in physical and buy more on any weakness but am short
all else! Have enough of "them shiny coins" to go ALL THE WAY, rest is/will be
HISTORY!
there never was more than about one day's worth of consumption sitting at sea in tankers. Libya's shut-in is important because they are a net exporter. Importer nations need those countries desperately.
I think this price is much closer in real terms to the 2008 high since the majority of us are so much poorer now or at least have a smaller income stream.
Only for the geopolitical events in the middle east I would be very bearish on silver but not so much on Gold - we are in uncharted waters here.
If I had to make a bet on anything I would bet on war - notice Lord Owen suggestion to bomb Libyan airfields to supposedly protect civilians.
I believe the western powers are romping up to a full war footing although it is slightly ridiculous in Britain's case given that the armed forces are protecting the very people who cut their budget to sustain the bonus brigade.
Guess they might need the Greeks to pay more then just debt.
Whatever they say about Neville Chamberlain - he dramatically increased defence spending before going to Munich - these guys are all macho and no dough.
Interesting times.
The biggest idiot of them all - Doug Kass.
He makes on good call and every call after is a loser and he still gets time on CNBC
Pd still getting smashed tho and silver lagging a bit.
Looks like a geopol trade and who could blame it? Gold is the only PM market that is deep and liquid enough to support size movement. Pt rightfully ought to trade at several multiples of Au, and Pd should too just given their production figures vs Au. But that ain't the way it is...
I would supposition that Pt and Pd follow car-market expectations, hence they're dropping.
I remember well when there was all the talk of gold going to triple digits, and it did, late 1973, it was, and I was 15. "It'll never last, ridiculous, grossly overpirced". Yep, I still remember
...Golden butter and Silver Syrup.....Cheers.! Pancakes all round. But it looks like the anti- p metals fuck head cartel is kiccking the shit out of palladium
George Soros always seems to profit from the Chaos.....
http://atlasshrugs2000.typepad.com/atlas_shrugs/2011/02/soros-behind-mor...
chaos in not chaos for mr Moneybags...remember the line from..."barefoot contessa"...to make your first million is an achievement...to go from 100 million to 110 million is inevitable....Mankiewicz magic! That's why what is chaos when you don't have inside information, that you can obtain at a price if you're not a sucker for bad advice and choose your advisors from the pick, is not chaos but an opportunity that is clear to he that has resources...and Cojones!
When silver hits 34.25 I am going all in.Thats when we will have the supernova.
Meanwhile just buying physical,I love
those roustic bars from First Majestic
Pity they are out of stock.
>>When silver hits 34.25 I am going all in.
It hit that this last weekend.
"Only for the geopolitical events in the middle east I would be very bearish on silver"
I was thinking that then saw your post Dork
except I would substitute "somewhat" for "very"
I've been expecting a stock crash to take out PM's but it looks like dollar dementia & geopol may have other ideas
If I had no gold now I would be buying it hand over fist - gold is the King in these situations - although I ain't selling any moonlight either.
But cash is needed .
Since you're my favorite Dork I'll pass on this tidbit:
U. S. Mint still selling the 2010 America The Beautiful silver 5-coin proof sets. The cost is $32.95 and there is 0.90420 ounces of silver in the set. At $34 silver that's $30.74 in silver. So -- figger it out. You're paying $2.21 over spot for proof U. S. coinage in very nice packaging. Shipping for any Mint product is $4.95. I just bought another 25 units and will pay only the $4.95 shipping for the order. Any DORK can make money out of these things!
https://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?cata...
Glad to know someone likes me - I made a pass at MsCreant and she is not answering my calls.........
They look beautiful - I have just got Elizabeth to keep me company and well she has seen better days
I will think about it - but on the larger issue - will the Cbs create a run on the banks to peserve the value of paper ?
If they create a run on the banks it will be for the opposite reason: To get fiat in the hands of the people before they devalue it in some manner. It means more when the common folks have a fist full of paper and it's more in-your-face.
Extrapolate that trend across the country.
"Remember when all "experts", pundits, and all other idiot verietals couldn't shut up how gold was going to triple digits imminently?"
That does ring a bell. But i remember even better the "experts" who said Apple was shit at $150, $250, $300...
But Doug Kass's gnome said gold had topped!!!! Blythe's hobbit told me to sell all silver, it's a bubble!
This time it really is different!
Gold 36000
Where can I buy the hat? But I want the Silver 5000 as well...
You've missed the boat on gold. Silver will be the true money-maker over the next couple of years. Gold has potential to keep going up, but not as substantial as a percentage basis as silver. I'd say nix the gold play and pick up some guns & ammo for added security. You won't be disappointed.
Time to celebrate with a Zero Hedge "Gold Bitches" coffee mug. Yeah, you know you want it.