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EU Debt Restructuring Leads to Bailout Euphoria / Silver to Double to $100 Say Citigroup

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Fri, 07/22/2011 - 08:03 | 1479944 Ancona
Ancona's picture

That's old news Daddy-O.

I've been long physical for years.

Fri, 07/22/2011 - 08:06 | 1479950 High Plains Drifter
High Plains Drifter's picture

i got on this bull early and its been mostly fun except for 2008. but i kept the faith, armed mainly with the knowledge that these criminals are going to do what it is they do and when they are done, then we have to do what we have to do.

Fri, 07/22/2011 - 08:12 | 1479957 narapoiddyslexia
narapoiddyslexia's picture

I didn't start buying physical silver until I stumbled across this site in the Spring of 2010. So I am a little in debt to this locale. Right now, I'm still buying although I try to pick short-term lows. Its hard for me to do this successfully, as it always seems to go down more after I add to my cache. Still, buying more silver coinage of one type or another is not a bad idea. Unlike fiat, it will always have some value, and for this reason alone its a good buy. All of the various analyses have little to add, it seems to me, and are of little value except to traders.

Fri, 07/22/2011 - 08:37 | 1480025 Ghordius
Ghordius's picture

I would meddle in silver if the CB's would, too.

Never forget how small silver is (compared to gold), yes, it makes it more volatile and exciting, still, it is "softer" money.

The Silverites, if I understood it correctly, where against gold because it was too "hard".

Fri, 07/22/2011 - 08:50 | 1480062 Cole Younger
Cole Younger's picture

TSilver and gold go hand in hand. you need both.

Fri, 07/22/2011 - 08:37 | 1480026 High Plains Drifter
High Plains Drifter's picture

they say that this bull may last 25 years. i say it will last forever. so my advice. keep buying what you can when you can. you will need it soon........

Fri, 07/22/2011 - 11:50 | 1480978 dark pools of soros
dark pools of soros's picture

nothing wrong with selling some on a recent spike..  since it jumped from 35 to 40 i sold a few this week..  keep your piles separate.  the big pile and the small pile you can move so you can make more for the big pile and anything else you need


it's a long journey, have fun along the way


Fri, 07/22/2011 - 08:41 | 1480038 New World Chaos
New World Chaos's picture

Ditto.  Thanks, ZH.

Fri, 07/22/2011 - 08:47 | 1480053 goldfish1
goldfish1's picture

Yeah, silver has been like that as tbtb work to supress the price. That alone lets you know something about the value of paper currency.

Fri, 07/22/2011 - 08:04 | 1479945 High Plains Drifter
High Plains Drifter's picture

why in the world would they talk about little old siver for?  hmmm?

Fri, 07/22/2011 - 08:36 | 1480023 sunnydays
sunnydays's picture

Whenever a big bank becomes bullish on metals, I get worried too.  Setting up for a huge push down to make some money?  No doubt silver will go to $100, should be there already if it was not for the manipulation.

Fri, 07/22/2011 - 09:27 | 1480166 gmrpeabody
gmrpeabody's picture

Maybe CITI sees they are being thrown under the bus, and have decided to fight a different style fight. A crack appears in the financial brotherhood?

Fri, 07/22/2011 - 08:04 | 1479946 KlausK
KlausK's picture

Silver $100 long term. No shit.

Fri, 07/22/2011 - 08:07 | 1479952 BeerWhisperer
BeerWhisperer's picture

That means it is a good time to sell if sources like that are saying buy.

Fri, 07/22/2011 - 08:49 | 1480061 goldfish1
goldfish1's picture

What are you selling yours for?

Fri, 07/22/2011 - 09:30 | 1480176 fuu
fuu's picture

I agree with Goldfish, I'll take whatever he leaves you with.

Fri, 07/22/2011 - 08:08 | 1479955 wsmith
wsmith's picture



Who gives a fuck?

We need ideas.

My idea?

Tune in, turn on, and drop out.

Fuck the corporate assholes.

But who fucking died and made me boss?

Anyway, so long.

And God Bless all you Marxist cocksuckers.


Fri, 07/22/2011 - 08:11 | 1479961 doomandbloom
doomandbloom's picture

agree...change of 'money' from paper to gold...will benefit a few..and we will still have our overlords...

no change.

Fri, 07/22/2011 - 08:15 | 1479973 wsmith
wsmith's picture

That's what I say, brother.

Fuck all the overlords--gold and paper--right in their assholes.

Perhaps I'm a Marxist.

But I'm fucking tired of bending over.

Fuck 'em all.

Anway, so long and God bless.


Fri, 07/22/2011 - 08:18 | 1479981 doomandbloom
doomandbloom's picture

do not identify yourself with marxist, or socialist or capitalist....these are definitions used by people who dont want to think differently..

u are thinking differently...maybe we need a new name for ur beliefs...

Fri, 07/22/2011 - 08:27 | 1480009 scratch_and_sniff
scratch_and_sniff's picture

"u are thinking differently...maybe we need a new name for ur beliefs..."


No, the name exists.

Fri, 07/22/2011 - 08:20 | 1479987 High Plains Drifter
High Plains Drifter's picture

yes any sort of gold standard will be more of the same because the same ones that own the FED also own most of the gold and the means of production. They figured that one out a long time ago. We can do what Lincoln did and do just fine......but any and all "debts" acrued during the fiat regime must be declared null and void. now doing this, there will be some anger in the world. but that is the way it is....this is why i don't trust ron paul with his jewish inspired austrian economic school and his gold standard nonsense.

Fri, 07/22/2011 - 08:23 | 1479998 doomandbloom
doomandbloom's picture

I view Ron Paul as an insider, who was put in place long time ago...in case people realised the charade...

In which case he would be seen as a champion. It took us nearly 30 years to realise this paper charade.

I dont trust him...mainly because he is still alive ( if the establishment really saw him as a threat...he would be taken out long time ago)

We need people to realise we no longer need leaders to tell us what to do...


Fri, 07/22/2011 - 08:42 | 1480042 High Plains Drifter
High Plains Drifter's picture

correct observation imho. anyone that gets off the reservation becomes obsolete. that is the way the game is played. anyone that continues to exist, means they are playing their parts. it is troubling to see so many well meaning people get duped and put their trust in a old man who has been inside or the beltway for almost 20 years now, without effect. do we hear fire breathing oratory from this man? no, we don't. for example, let us look at what happened to jim traficant. he kept trying to be mr independent who didn't care about what "they" wanted and vola, suddenly he is brought up on bogus charges, convicted by a kangaroo court and sentenced to 7 years in federal prison. out of sight, out of mind.  this is the way things work. people should know that by now. i hate to sound so cynical, but that is the way it is.....

Fri, 07/22/2011 - 08:57 | 1480076 SheepDog-One
SheepDog-One's picture

DHS and FEMA team up to call you, whitey, the problem.

?FEMA Partners with Homeland Security on Psyops Campaign?‏ - YouTube

Fri, 07/22/2011 - 09:46 | 1480242 DosZap
DosZap's picture


saw that, funny I did not see any crackers flying jets on 9-11, did you?.

Between these fools and the SPLC, we have quite a trio.

Everyone is always looking for a scapegoat, and a scare tactic, for job security and funding.

Fri, 07/22/2011 - 09:54 | 1480290 High Plains Drifter
High Plains Drifter's picture

strange acting white guys running around dropping off suspicious bags.......hmmm, maybe it is truel. maybe we will all be "terrorist" one day......

Fri, 07/22/2011 - 09:26 | 1480163 Silver Dreamer
Silver Dreamer's picture

How is Ron Paul a threat?  He's one statesman on a stage of nearly 500 bankster puppet politicians.

Fri, 07/22/2011 - 09:52 | 1480254 Hearst
Hearst's picture

I agree.  A lot of people want to associate Paul with the bad guys but that's just crazy talk.  Look at his track record of voting.  Look at what he stands for.  It's all against the status quo.  He is one of the only politicians that speak up and care for the people.  I know it's difficult to look at Washington and not group them all in as a den of thieves but Ron Paul's actions speak for themself.  

Fri, 07/22/2011 - 09:56 | 1480308 High Plains Drifter
High Plains Drifter's picture

that is the point. ron paul is not a threat.  then one may ask , why not?  why is he still alive?  listen man, you have  to understand the kind of people you are dealing with. the kind of people that will kill 3000 americans at the drop of a hat, on 911 and not think a thing about it, so they can affect american foreign policy and our mercenary actvities.......and make money at it all the while.....

Fri, 07/22/2011 - 09:33 | 1480184 DosZap
DosZap's picture

Marc Faber was interviewed a week or so ago, and he was asked if he had to choose only ONE asset/commodity to put all his eggs in,which would it be 100%.

He said GOLD.He said watch the Jewish people, they are super intelligent with regards to making money, and he had many friends that were Jewish.

He holds 20% of his total net worth in Gold and Gold stocks.

His Jewish friends, some held 20-25%,others 40-60%, and others 80%.

But the majority held more than 40%+ in Gold.He said doing what they do will pay off,ultimately.

Regardless of what you think or believe about them, they know how to make money, lots of it.

As for the Austrian Economics model.

I'll take it over the Keynes model that's FUBAR any day.

Fri, 07/22/2011 - 09:57 | 1480319 High Plains Drifter
High Plains Drifter's picture

watch the jewish people.........ha ha ha ha........

so true. so true....


guess what. my jewish friends are buying metals hand over fist..........kapiche?

Fri, 07/22/2011 - 09:35 | 1480190 DosZap
DosZap's picture


Fri, 07/22/2011 - 08:10 | 1479959 the not so migh...
the not so mighty maximiza's picture

We should annex the European Union as part of the greater US Republic.  Since we are paying or just printing for it anyway.

Fri, 07/22/2011 - 08:39 | 1480018 Ghordius
Ghordius's picture

Start with giving Puerto Rico full state status.

Ah, and annex Israel. Oh, I forgot Iraq & Afghanistan.

Wait, make it simpler: annex all countries which have a US military base.

Do you know the location of all US bases, doughboy? There are 700+ of them.

Fri, 07/22/2011 - 08:44 | 1480047 the not so migh...
the not so mighty maximiza's picture

sounds like a plan

Fri, 07/22/2011 - 09:52 | 1480282 DosZap
DosZap's picture

Yeah, make Puerto Rico a state, get that extra million votes for Oblameuh, and add another 500k to the welfare rolls......sounds like a great plan.

Fri, 07/22/2011 - 08:13 | 1479968 earnulf
earnulf's picture

Haven't you left yet?    You keep saying you are leaving, but you keep coming back.

Fri, 07/22/2011 - 08:16 | 1479977 Oh regional Indian
Oh regional Indian's picture

Silverrrrrrrrrrrrrr! One more swoon, then off to the races, never to return to these affordable levels.

But like many have pointed out, $100 silver, today, means a world in shambles. Or close to Shambolic anyways.



Fri, 07/22/2011 - 08:22 | 1479997 High Plains Drifter
High Plains Drifter's picture

normally i wouldn't trust a company that should not exist, but i believe they are mapping the future for anyone with a ear to hear. yes , it is true. with the "success" of silver bug's "investments" so goes the world...........i am sorry to say. it is bitter sweet.......

Fri, 07/22/2011 - 08:59 | 1480080 SheepDog-One
SheepDog-One's picture

Silver should already easily be $100, just imagine things when it gets to $500.

Fri, 07/22/2011 - 09:28 | 1480169 Silver Dreamer
Silver Dreamer's picture

The problem of course is that when it gets to $500, that $500 will still only buy you a gallon of gas.

Fri, 07/22/2011 - 09:47 | 1480245 High Plains Drifter
High Plains Drifter's picture

correct?  what does it mean to say that silver will be at 500. does it really mean that much to us as americans?  one has to ascertain such things when taking inflation into account.

Fri, 07/22/2011 - 08:18 | 1479982 Internet Tough Guy
Internet Tough Guy's picture

FOA (01/10/01)

Silver, you ask?

Same old song for a brand new generation, all ready to hear those wore out verses being sung once again. Perhaps, a poor man's gold, no?

Ha! Ha! The last thing a poor man (or woman) needs is silver. Actually, any metal could be a poor man's gold, even iron! One ounce of iron is more affordable than silver and has just as good a chance at outrunning gold,,, percentage wise of course.

The only real argument all the silver pushers have is based on it someday outperforming gold and holding that gain for good,,, again percentage wise. This is the same old worn out logic all the various paper gold substitute players also use. Throw it into the same waste basket with options, futures, leveraged gold contracts, delta hedging both long and short paper positions,,,,, even gold mines, silver mines and the like. All of it is pushed because of the same thought; "why own physical gold when these items will go up faster in the next move"!

Yea,,,, somebody forgot to mention that the next move in gold may be of a nature like "noone" has ever seen before. Oh, you didn't hear that this time the entire paper gold marketplace may crash and burn,,,, taking all those above leverage vehicles down with them? Exposing silver for the play it always truly was,,,,, just another leveraged metal being pushed to poor people standing next to gamblers?? Yea, poor people shouldn't use gold,,,, that's only reserved for rich people hedging their big wealth. Ha! If ever there was a way to increase the gap between have and have nots,,,,, just sell the nots silver while the haves keep gold.

Fri, 07/22/2011 - 08:52 | 1480065 goldfish1
goldfish1's picture

The last thing a poor man (or woman) needs is silver.

Silver is money. Paper money fails. Do your history homework.

Fri, 07/22/2011 - 09:01 | 1480087 EvlTheCat
EvlTheCat's picture

yawn.... Specious argument at best.

Fri, 07/22/2011 - 09:40 | 1480209 Internet Tough Guy
Internet Tough Guy's picture

But your argument was incisive. lulz

Fri, 07/22/2011 - 10:01 | 1480339 EvlTheCat
EvlTheCat's picture

Tough Guy with thin skin, oxymoron.

Fri, 07/22/2011 - 12:13 | 1481091 Oh regional Indian
Oh regional Indian's picture

Incisive arguments take time and space, not one line rebuttals.

Gold WILL Fold!




Fri, 07/22/2011 - 08:18 | 1479984 101 years and c...
101 years and counting's picture

so, the premise is that the hunt brother cornering the silver market was a normal function and due to repeat itself? i like silver, and will buy some more at $30.  but, come on ZH'ers.  what a dumb argument presented here.


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