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Is it time to start quoting that famous William Butler Yeats poem yet?
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BTFD doesn't work with PMs anymore - There are no goddamn dips!
It's all about cost averaging now. Just buy what you can, when you can. If we do get a raid - try to nail it - but don't wait for a big pullback to jump in or you may miss the train.
I don't even look at the S&P anymore - only the POO, PMs and bond rates - they tell me everything I need to know.
And to think I couldn't convince anyone that this would be unfolding, and telling them to buy Ag and Au.
They thought it was a stupid move. 'It's sooo expensive'
I told them to sell their house NOW, Buy Ag/Au NOW.
Cash in your 401k NOW, put it into Ag/Au.
I was told I was out of my mind.
So, back in 2004, I sold my house etc....
My sister, nephew, and I bought Ag/Au back when it was ridiculously expensive at $7 and $400 an oz.
Rule #1 Never Panic
Rule #2 If you are going to Panic, Panic First
(I also told them that Peak Oil was coming and that Oil wouldn't be $30-$40 any more and will be over $100 and they didn't believe me on that either. )
Bravo and ditto for me except I bought most of mine in the $14-$18, $800-$1000 range.
I think a gov shutdown is now priced in and I have a inkling the weasels will come to a compromise. Too much press. Shorting here.. for now.. long silver though, still short US treasuries.
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spritus Mundi
Troubles my sight: somewhere in the sands of the desert.
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Reel shadows of the indignant desert birds.
The darkness drops again; but now I know
That twenty centuries of stony sleep
were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
the best lack all conviction - telOprompter the worst are filled with passionate intensity - GB
I fear this is only the beginning. We may also be discussing $10/gal gas soon. Unemployment will take a turn for the worse when companies begin to slash their own 'non-essential' workers to combat rising input costs. Wealth is rushing down to the bottom of the liquidity pyramid.
That's called deflation.
Categorically speaking I would argue that silver is in fact at an all time high. When silver crossed the $50/oz threshold back in the early 80's the Hunt brothers were trying to corner the market. You had the high inflation and inflation expectations but you also had a temporary market anomaly or arbitrage. Given the we are at $40 and no one is trying to corner the market I posit that we are in fact at an historic high price.
If I did not have to pay the the Imperial Congress and Federal Treasury more tribute on April 15th I would be stocking up even more now.
Res publica mortuus est. Vivat imperium.
...
I buy physical gold as money comes in. Bought yesterday. Seemed expensive, just like it always has since the 1980s...
FG when the Hunt Brothers pulled there stunt there was not a significant number of smart people considering a collapse of the entire economic system a real possibility - different world now guy.
Actually, that is my point. I think the $40 price now is MORE significant than the $50 created by the Hunt brothers. The $50 price was a market shenanigans price. The current price is a mass demand price which has meaning.
The Hunt Brothers were American citizens that were subject to the American Empire financial hammer and sickle. The Chinese have cornered the Silver market and there is nothing anyone can do about it. Silver and Gold manipulation has been transferred to the Chinese and they want expensive Silver and Gold.
'Animal Spirits' working for the Keynsian lunatics....except in the exact opposite direction as they thought!
As they were sure their pumping of stocks would lead the 'animal spirits' panicky dumb herd into greedily buy into the newest stock bubble hand over fist, elbowing each other in the face to do so, what really happened is no one bought at all and everyone with a BRAIN piled into PM's which theres exactly jack shot -0- they can do about it! Cant print gold and silver FED, sorry! YOU LOSE!
All ameriCON'd should be weary of the dead head feds strong dollar, no inflation, debt no problem, & spend your way to prosperity!! Throw all the mofo traitors are the burning ashes of the dollar!
OT:
Texas Rocks!
The speed limit on some highways in Texas may be raised to 85 mph, the highest in the nation, under legislation the Texas House approved Wednesday.
http://www.statesman.com/news/texas-politics/8585-mph-on-some-texas-roads-gets-first-1384605.html?cxtype=ynews_rss
Woo Hoo!
very cool.
Drive through liquor stores and everyone with side arms in every public place.
Awesome! I can finally see my theory on natural selection play out somewhere besides Ivory Coast.
Keep telling yourself that if it make you feel better.
Texas is the fastest growing state as people vote with their feet.
Why do you hate freedom?
You are thinking Arizona. Arizona is an "at will" open or concealed carry State. You can carry almost anywhere (exception been schools, courthouses and government buildings). You can even carry while sitting in a restaurant as long as you don't drink. Texas, on the other hand, forbids open carry and requires licensing for concealed carry. We do have drive thru liquor stores, but is up to the county to decide if they can be licensed and most do not carry anything harder than beer or wine. Speed limit in some Texas highways has been 80 for years (18 wheelers excepted, they are limited to 70). 85 is no big deal, since most people already drive 90 in the 80 mph zones.
Driving 80 mph, much less 90, is pure fucking insanity, and an absolute waste of fuel to boot. NOBODY needs to drive that fast! Just another reflection of the impatient, juvenile, NOW-NOW, terminally short-term mentality of the ADD-afflicted society we have become.
Dear akak, 90mph is just where the fun begins!
Hey, I'm not some prude and fuddy-duddy who responds like some robot to the legal speed limit! I have been as high as 125 mph on the highway, so I know something of whence I speak.
But for routine driving and ordinary commuting, not to mention trying to remain even remotely safe in traffic or under adverse conditions, anything over 70, tops, is purely reckless, and over 80 just suicidal. I would suggest that we let evolution takes its course and let the reckless herd thin itself through Darwinism, but in doing so they put the rest of our lives in jeopardy at the same time.
As an aside, I recently visited the Detroit area, where I grew up and lived until the early 1990s, and I was shocked, SHOCKED by the recklessly fast and condition-oblivious driving that I observed there. 20 years ago, people simply would NOT have driven in such a near-suicidal manner --- and it has little or nothing to do with speed limits. We as a nation are simply regressing into impatient, irresponsible juvenilism.
You can let your lack of courage rule your life if you want.
Do not attempt to rule my life based on your baseless fears.
Take the surface roads, you statist pos.
Wow, what idiotic and baseless assumptions!
First, by attacking me, you clearly are in the ADD-afflicted, reckless, irresponsible majority, who is willing to let their short-term impatience rule over prudence and rationality.
If 80 mph is OK, why not 100? Why not 120? Are you not willing to acknowledge that at some point, your speed is both unjustified AND a reckless, unreasonable danger to both you and those on the road around you?
Secondly, I never said ANYTHING about "ruling you" or anyone else. I merely stated, correctly, that a large number of Americans are willing to be reckless as drivers for NO other reason than to try to shave one or two minutes off their commute, while probably multiplying the risk of having (and causing) an accident by ten or twenty-fold. Is that a rational and reasonable calculation? I say that it is not.
"Statist"? You have no clue what you are talking about --- but that much was already obvious.
And no harm done by either............
Citizens armed here are not even on the radar screen of the crimes stats.( much less the CCP carriers.)
As for drunk driving?, you do not want to get caught driving and over the limit, or even driving with an open container.
Good grief. American roads are bad enough at the current limits.
Yes, great news indeed! Just when crude is breaking $110.00 / brent breaking $125.00, and everyone is crying about fuel prices, energy independence and drill, baby, drill. To reduce consumption, we should be lowering the speed limit back to 55 mph. What a bunch of fuckin hicks.
Disclosure - born, raised and reside in Texas.
You want to drive at 55mph to save fuel? Fine, join the club, I do too.
But please don't encourage our overlords to tell us what speed is best for us, regardless of whether we're well on time or dreadfully late. It's our money. And besides, if you really think it's Big Brother's business to tell us how much fuel we consume, why don't you cry for legislation against SUVs? An SUV at 55 consumes more gas than (say) a hybrid at 85.
differential gearing and camshaft profile have a larger impact on efficiency than speed....in other words some vehicles may get better fuel economy up to 75 mph dependant on gearing and cam profile than that same vehicle rolling at 55mph
Freedom rocks. Drive as fast as you can afford. My personal land speed record is 159 and the pedal wasn't down. Now with premium at almost $4 I'm using the cruise control at 59.9. But I don't feel bad when someone else cruises by at 100 per. It's called freedom, learn to love it.
Awesome news, Rodent Freikorps!
I remember when I was 21 (decades ago) and driving east on I-10 in W. Texas. I had to make it to Austin (from Socorro, NM) that day. 20 minutes or so east of El Paso I saw a sign saying "San Antonio 550 miles". Groooooan.
So, I thought fv$k it! I took it up to 85 mph, figuring that was about the fastest I could go at reasonable risk (of dying or getting a ticket). I am watching for the HP like a hawk. Soon, looking in the rearview, I see a car, far behind, coming up fast. Seconds later, his red car roars past me, I only saw the two antennas and the California plates. Had to be doing 100 +.
So, again I thought fv$k it! I took it up to 95. After some 15 minutes, California was long gone (ahead), and I decided to drop it back to 85.
Made it to Austin that evening. Furthest I ever drove in one day (+/- 730 miles).
I know what you mean. Most Euros can't concieve how huge the US truly is.
I've made that same drive a few times and felt like the last person on earth.
I love open spaces.
Me too... and I also love mountains. One hint to the vastness of the US for me was that our American exchange students always measured distance in hours, and not in miles or kilometers. My daddy did better though, when I was a kid. He always said to me "Just imagine, that when you have travelled aaall the way to New York - you are only about half way to California - it is THAT big".
So I wanted to go and experience some of that vastness myself. I travelled to the south/west corner to California, Arizona, Utah and Nevada. I saw rocks in every imaginable shade of red. Plains as long as the eye could reach carved through by mountain ranges. Cactus like the ones in Lucky Luke. Black Bears, that actually turned out to be blond and brown. An eagles nest in Grand Canyon. A drought tempered Colorado river. A Marmot sneak-peaking from under a rock in Sierra Nevada. Sea Lions on a beach at the pacific coast. Rolling Mists and more. Much more....
To this day one of the best moments in my life was sitting on a rock in the Sierra Nevada listening to the sound of silence with this secluded sense of muted wind around the peaks and the occational phrrr from my horse and then... one scream from an eagle gliding on the wind high above. I drew my breath far down into my stomach, let the shoulders fall down and exhaled in a deep sigh, and in that moment my heart was overflown with an odd combination of utter peace and contentment together with exhilaration and joy. I was happy.
DoChen, my friend, we have stomped the same grounds! I do a lot of work east of Las Cruces, NM and travel up to Austin, San Antonio and Dallas going east or Phoenix going west. I know the roads well. After El Paso there is NOTHING of interest (occasional tiny towns) until SA or Dallas! Until you have driven this side of the planet, you truly dont have an appreciation of how big this State is. These days you have to be carefull between EP and FT Stockton. DPS troopers every mile looking for out of state speed demons.
Is Obama going to release oil from the SPR to pay for the government?
What do they have in oil reserves, a couple billion dollars worth at most? A few week supply.
S DOG-ONE
Two Months.
Shit a f***ing brick. And nary a sign of a trend reversal yet. Keep legs and arms inside the car at all times and on no account release the harness.
Just sold the PSLV, I have never done better in my life. Iam going to take the profits and buy my first couple of BIG ASS bars. Is it to early for cocktails??
Please don't buy big bars without getting them assayed. Too much fraud floating around.
I don't buy anything larger than 5oz these days. Yes, it's a pain in the ass, and probably uncool in many ways, but I've seen video of bars as small as 10oz of silver that have been filled.
I traded all my large bars for sheets of 1oz rounds and junk silver soon after seeing that.
yabyum, I'm even more an@! than tmosley. All my gold and silver are in 1 oz. Eagles. I pay the premium as they are more recognized here in the US.
Also, if they start making fake Eagles, I presume the Secret Service would investigate real fast.
tmosley's warning is even more relevant with PM prices so high.
Caveat emptor!
Junk silver has the same protection, but even moreso, as the coins are smaller so they are more expensive to forge. About 20% of my silver hoard is junk quarters.
+1
Captain to crew: Prepare to go fucking vertical if Blythe doesn't show up soon.
$40.46 @ 11.31 am est
WOWz
I love ZH, but I can't help but feel sorry for all the peeps on here who think that when the dollar comepletely tanks that as long as they own PMs, they will be able to maintain their current lifestyle and actually prosper! News Flash - When the dollar tanks, the whole country (Potentially the world) gets thrown into chaos. Remember the US is NOT Zimabawe, Argentina, or Weimar. The US plays a central role in a HUGE percentange of economic transactions and for some god damn reason is still the worlds reserve currency. None of the other countries that experienced hyper-inflation were in the same circumstances. But because of our complete and utter dependance on petroleum and its derivatives (which we will no longer be able to import when the dollar tanks)there wont be any goods moving around the country, so unfortunately, the only thing that will have any value will be the basic human nessecities. Food + Water and good old fashioned entertainment, cause man does not live on bread alone, bitchez.
P.S. Need a glimpse of what said circumstances may look like? Watch the film The Road (2009).
HA!
I think America is going shock you with our ability to quickly rebound once the fraud banks and flawed currency are out of the way. They are the problem holding us back now.
OTOH both of you may be shocked with rest of the world's ability to rebound once it has been released from US financial hegemony (terrorism? imperialism?), while the US suffers a grave period of disillusionment with its own hubris.
I feel some junks from the jingoists coming on...
There you go sir, some junkings for your common sense.
Agreed DM.
"Remember the US is NOT Zimabawe, Argentina, or Weimar...."
hold that thougth... we're closer than u think...
"I love ZH, but I can't help but feel sorry for all the peeps on here who think that when the dollar comepletely tanks that as long as they own PMs, they will be able to maintain their current lifestyle and actually prosper! News Flash - When the dollar tanks, the whole country (Potentially the world) gets thrown into chaos...."
news flash...the world is already n chaos...dont feel sorry for those of us who n wisdom replaced their confetti with real money...if ur familiar with Wiemar then u know that possession of real money was what n many instances determined life or death...
which is why we hold it...it retains value when debt coupon currencies inevitably die!!!!
we'll be fine i assure u....
Don't think it will be an over night collapse, just a shlomo train wreak punctuated by crisis that will be papered over, followed by the common opportunistic bubbles caused by said papering. oh and a way reduced standard of living.
For the completely unprepared its going to hurt
If at the end of all this meddling SOME policy changes, indictments, responsibility is realized isn't that a good thing?
Got bartering strengths? know ANYTHING about underground economy?
Maybe in the end having a few silver/gold coins wasn't the best hedge, but CLEARLY its 100% better than no hedge at all.
They are always overnight events. Check the history of currency crashes. You'll wake up one morning and the Banks will be closed and bags of worthless money is in the dumpster.
@ D.M.
You may be right. Au & Ag are not enough. But the more you prepare, the more likely you will survive this OK.
Food, water, guns & ammo, etc. all good. Diversification.
No one knows how this is going to turn out.
If you're going to feel sorry for anyone , you should feel sorry for those who have no pm's.
I don't feel sorry for them!
The can always buy them from me when it goes to a 1000$ per oz ;)
Not exactly; if you own old silver coins they are easily ID'd and very useful for barter. Definitely, take care of shelter, water and food first. However, PM's will always retain value. It is the paper money that will lose value. If you can buy a loaf of bread with the value of the silver in a mercury dime you will still be able to buy that loaf of bread with that silver after a dollar collapse. Also, The Road takes place after a cataclysmic nuclear event. At present, I don't believe that will happen (although I don't totally discount it either). I believe what is more likely is either the dollar collapses and/or we lose one or more of our sources of oil (tankers sunk in the Straights of Hormuz, etc). Those events would cause huge dislocations here in profigate consumption land.
[I love ZH, but I can't help but feel sorry for all the peeps...]---D.M.
Thanks for your post, D.M.
I agree with all but your last statement: P.S. Need a glimpse of what said circumstances may look like? Watch the film The Road (2009).
There are situations/circumstances in that story that have a fair chance of coming to pass. But overall, no. I'm not an End Times kind of guy. I don't see the entire world blanketed in radioactive ash, under a suffocating veil of gray clouds. Whereby, nearly every living thing has perished, including humans, animals, insects, plants, and presumably sea life. Are those the circumstances you foresee?
The Road makes The Road Warrior look do-able.
It's not over till the Fat Lady sings the poem.
Gold
Record high. And more to come.
http://www.zerohedge.com/forum/99er-charts-0
http://www.youtube.com/watch?v=97PGFeXuxXw&feature=fvsr
Ok, I give up... what's todays rumor that hit around 11:30. You know the one that JPM starts selling the hell out of it into the comex close.
What's surprising to me, is even at these prices the physical must be in strong hands, because my local coin shop is paying a dollar over spot, and that number has been moving up, not down.
Everyone ready for the friday afternoon "budget agreement rally". Dollar catches bid and Bylthe fucks the hell out of the metals. I'll call a down $20 close on gold.
hee hee you funny
how 'bout "short squeeze" instead?
Martial Law Martini:
Ingredients
1 part cinnamon liquor
1 part peppermint schnapps
1 squirt from pepper spray canister
Enjoy over ice.
mmmm...debilitating
Must be a Bankster junking Lynnybee's 11:04 comment.
Double your pleasure, double your post.
On a positive note, I just ordered an American Silver Eagle, 1 TOZ, 2011, in plastic air-tite, for $32.50 delivered from an advert in American Rifleman [I knew the NRA was good for something]. They wanted my email, np, hotmail bitches. My telephone, free ooma Voip number, sorry, no mobile or work number bitchez. They can snail mail me, spam me, call that number I never answer from now to doomsday if they continue to send me American Silver Eagles for $7.88 under spot. Third one this month so far, plus a Canadian Silver Grizzy 1 TOZ .9999 for $40 delivered, 38 cents under spot. Hahahha. Bring it on!!!
Haha, o wow.
Damn, I'm gonna have to go buy a magazine.
I don't look at the pictures, I read the articles.
I don't read the articles, I read the ads!
lol
This dog will hunt.. and run.. inflation nation.
how do you put physical silver or gold into an IRA? I need most of my non-IRA fiat dollars to pay for regular things like food and gas.
Frank, if you dont hold it, you dont own it. Having said that if you find it impossible to liquidate your 401Krap, there are many ways to base it on the shinny. Move your account to a self directed account and buy PHYS and PSLV. Those are both Canadian based and have the physical in audited vaults. Look also into mining companies. check out the comments in Turd's Blog http://tfmetalsreport.blogspot.com/ to find the right ones. Many Turdites trade or invest in miners. There are several investment companies that will do a roll over into physical accounts. I believe even APMEX can set up a roll over account for you and they will place your shinny in their vault for you.
If anything, get to know your local coin guys and buy an ounce or two of silver a paycheck. Go thru your crap and ebay anything you have not used for over a year. I just went thru my grown kids closets and sold a bunch of playmobil toys. That was good for a 5 Lb bar of copper (wanted to have one) and 10oz of silver.
If you are this tight, please consider food, water and lead (with delivery systems) first. Au and Ag are there to transition to the next phase. In the mean time, you have to survive.
thank you sir. good stuff.
Do not do it with a U S Institution.
Same as paper.
how many amens this time? I've got my geiger amen counter out!
poor fed ex girl won't even try
to pick up the boxes any more ..
she just waits at the back of the truck
for me to bring the wheel barrow over...
then smiles as i sign for them ...
40.73 $ per oz
new high of the
{day month year decade}
choose one....
honorable hedge bytches
41.01 ask .... The Eagles are rising.
It definitely is time to start quoting the Yeats poem...I've got so much silver it's not even funny, not that I'm not filthy rich already, but now I feel like I'm king of the world! My dude at www.forecastfortomorrow.com turned me on to silver about two years ago and I haven't looked back since!
www.forecastfortomorrow.com