This page has been archived and commenting is disabled.
$1258.25. Is the previously mentioned breakout approaching?
- advertisements -
Contact Information:
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Suggested Reading:
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure. Here's our Cookie Policy.
Rothschilds win again.
Don't be so sure about it.
When shit hits the fan governments will be looking ways to confiscate everybody's gold.
cbaba,
I mean no disrespect but comments like get me low.
The House of Rothschild are the government.
I think rather than outright confiscation, they will choose more sublte ways, like confiscation through taxation. Perhaps a new special tax on those who would "hoard", of 70% on gains, or perhaps we will be required to pay a property tax. Why should hoarders be allowed to hold property tax free when struggling farmers and home owners all have to pay property taxes? Because of all the shenanigans in the retail gold and silver market, one might be required to be licensed to buy or sell gold. Perhaps those licensed could be subject to IRS inspections annually. Perhaps to protect consumers all PM retail transactions would need to be carried out through a government approved exchange.
...confiscations of large holdings (zB: gld, etfs, foreign sovereign bullion in united states custodial care, usw...) may occur, small holdings in private possession will change hands in the gray/black market as a barter currency-and at such time will garner a premium because it is "vorboten" (how much is cocaine going for per ounce?). however, gold is not first on the list of confiscations. i happened to receive the following confiscation list from timmay:
private citizens should have no fear in holding physical gold and silver as it is, and always will be (even when it is vorboten) true money (not currency) and will be accepted as such, just in varying methods and via alternate avenues. this is due to the prime characteristic that causes tptb to despise it as they do: it is untraceable, and therefore cannot be taxed if the parties involved in the exchange do no want it to be.
fiat frn$ are the shackles of financial slavery and oppression...
False_Profit,
"confiscation of wealth through nationalization of retirement accounts".
This is in the works, many here have already opted out, and taken possession of their cash.
Anyone who get's caught in this THEFT, will either be stupid, or aged(mid 70's-80),and fearful, know no better, and listening to their damn Brokers.
Why don't governments confiscate stocks when they rise? HAHAHA
If you don't have physical gold, you have paper! Ben is up to his eyeballs in paper!
P&I/Watson Wyatt World 500: The world's largest money managers
Ranked by total assets under management, in U.S. millions, as of Dec. 31, 2008.
93 Le Groupe LCF Rothschild France $140,953http://www.pionline.com/article/20091228/CHART2/912239972
At least they make the top 100. Of course, like the S&P 500 market cap the top dozen or two
(Barclays, State Street, Black Rock etc.) amount to multiples more than all the rest
put together. There is actually a well-written two volume history of the Rothschild banking
family covering the periods of their relative ranking in importance.
See also Bilderbergers, McDonald's burgers, build-a-burgers and Big Whoppers.
Hey, Douchinger, how does that GOLD SPIKE feel going up your...
May I suggest that you purchase a 100-ounce bar of silver and shove it up there with the GOLD SPIKE? Silver, you see, is a NATURAL BIOCIDE.
Good luck, Mr. Douchinger, trying to buy gold AT ANY PRICE!
lol...I posted the link to this on my Facebook and this is what showed up under the headline
"May I suggest that you purchase a 100-ounce bar of silver and shove it up there with the GOLD SPIKE? Silver, you see, is a NATURAL BIOCIDE."
haha
... See you on the moon... very little but clear sailing ahead
$1260 has been breached; $1258 at the moment
when i saw tommy as your avatar...i know this site 's good..go gold..
But I don't understand......I mean, you can't even eat gold. :-)
(snigger....) (too bloody right...)
Yes u can, http://trifter.com/practical-travel/world-cuisine/nine-unlikely-ways-to-literally-munch-taste-and-consume-gold/
I wonder if the gold is digested tho... hummm
That hot sauce looks good...
Gold is an element and can't be broken down further via digestion, silly. It's safe to pass through the body because it's chemically inert to most human reactions. I like to think gold is unbiased about us, unlike silver which is mostly inert to us also, yet can be very toxic to our microscopic enemies. Why does silver like us so much? And why can't we earn gold's love?
Quintus my good man, i remember now.In 53 B.C.it was shown how by Roman Emperor Crassus who didn't eat gold.....it was just poured down his throat in molten form.....and that my friend is how ya eat gold!
Max hit $1260.1 .
These little wins will wrest the gold out of the "little"peoples hands. No work, some gold, need food, should sell.
Here in India, loan against gold schemes are going nuts. Every big bank announcing a new one. And damn good rates too. Rates previously unseen in India.
Loan against gold. Hmmmmmm........
Looks like stealth confiscation to me.
The moonshot will be a binary event in my opinion. Till then, teasers.
ORI
http://aadivaahan.wordpress.com
I am not that pessimistic about people in India to be fooled by
these Gold Loan schemes. Though Inflation is high, the economy
is so far holding up in India. In most loan schemes if you pay the
interest, the loaned Gold will not be sold off. Also I have higher
hope in Indian women unwilling to part with their 22K jewellery
unless dire family financial situation
recently heard that one private finance co. In a small state of
Kerala - Muthoot finance having 50 tonnes of Gold via these
loans(maybe 5 tonnes not 50)
I feel for the Indians.............
Their wealth is all in Gold.Everytime it goes up, they stop buying waiting for a dip.
Now, it's at the all time high $1261.70, and their grabbing all they can..............
I have watched them do this since their Bank, bought at $1050.00,it was TOO high then,also.
Could the fact that the ECB is soaking up unwanted euro crap/debt be playing a factor? Besides, demand for gold & silver has been high, been that way for almost 3 years. It's happening on the retail level. I can hardly get the bullion products I want. I have to check back several times a day and be ready to pull the trigger. Citizens everywhere are adapting gold as a fact of life. From China to Greece to the U.S people are buying gold. ETF's are buying gold......who isn't buying gold & silver. Everyday more & more people are educated to whats realy going on with debt riddled governments and central banks. I think new a paradigm for bullion is emerging and it's here to stay.
Gold understands this.
I'd go short at this point. They're going to hammer it down by the next OPEX date. After that, I'd buy again. I'm long term bullish, but strange things happen when opex approaches and Id rather not get hit by that train.
I agree, but it is going to get harder and harder to beat it down. The Ponzi becomes manifest with each OPEX date.
Silver 19.03, last check.
i've been playing the same game for years too,b ut this time, i'm going to sit it out. you could be volunteering to sit atop a volcano with JPM. JPM is trying hard, but this time events and demand from all those damned "small" people may overwhelm even JPM and Bennie's magic printing press.
they don't grasp that panic is starting to set in among a segment of the population that understands what is wrong......and among the rest of the public who know that "something" is terribly wrong.
i've been playing the same game for years too,b ut this time, i'm going to sit it out. you could be volunteering to sit atop a volcano with JPM. JPM is trying hard, but this time events and demand from all those damned "small" people may overwhelm even JPM and Bennie's magic printing press.
they don't grasp that panic is starting to set in among a segment of the population that understands what is wrong......and among the rest of the public who know that "something" is terribly wrong.
Got a little bit of scratch in my back pocket to purchase some more physical when the opportunity arrises...
and on another note, it's my birthday. Pretty good present....
http://www.youtube.com/watch?v=ztoSUhbNntQ
Why, thank you, ma'am!
Happy birthday school. Think you got more present coming at pm fix.
Heph,
Left you a lil message at Gekko's post. Just flattery, no biggie.
gold win go up as long as people see disaster on the horizion
its a disaster hedge and i see diasters everywhere i look for a long time
so gold is just starting its bull run
it may get taken down in a crash when everyone pays down debt but long term
its going to go up
Its the only thing that since the crash of 2008 had surpassed its previous high
THE ONLY THING
that has to count for something
equitiy markets have had everything thrown at them and they are still way dpwn
Gold has had everything thrown at it to drag it down and its still up
again another bullish indication
Its the only thing with good fundamentals right now other than guns and safes
1260.90 is the high so far.
ZeroHedge should have a ticker that shows gold's price at the top of the home page, something like this: http://www.finviz.com/fut_image.ashx?gc.png&rev=634053955049167500
It's still early, but it doesn't like like this is the breakout. Doesn't seem to be enough volume. I'm expecting a selloff into the 1230-1240 band before we breakout...selloff early next week, and breakout by next Friday.
Hopefully I'm wrong and we breakout today; it'd make for some good anti-gold propagandareading for the weekend.
I've got a bad feeling about this too. Da Boyz have been defending $1250 with everything they've got - and that, at this moment, is a lot.
Although it's probably the mo-mo boys pushing it up - just because the technicals fit - I really don't see JPM & friends getting over-run quite so easily.
So; are they just letting it rise to pull the stops up into their kill zone?
Op-ex and big Treasury sales next week; Benny wouldn't be happy if they lost control of gold now.
Now only for the GLD holders to freak when they discover their investment is most likely worthless. early innings in gold, if you can't see it it may not exist.
There is one thing the masters of the universe cannot control- mass psychological movement. Once the investment world panics- things have to be allowed to play out. Has your planning been adequate?
Think we still have time, but it appears to be playing closer to the surface...
but Leo said...
Guess I'll worry about the gold price when Leo reports the Illinois retirement fund is trading contracts...
Settle down everyone, I have it from a good authority that gold will be trading below $1,000 real soon.
by Master Bates on Wed, 02/17/2010 - 21:29 #234916
How's this for words? Gold is back in a downtrend.
You can save my post for a couple more weeks again, and use it to prove that I'm right again.
Gold sub 1000... :)
ouch!
And he kept yapping about us saying it would reach 2000 by june. When most of knew it wouldn't get that far that fast.
69 percent of us.
http://www.zerohedge.com/content/spot-gold-june-1-2010-200000
FOFOA has an interesting new post this morning that attempts to reconcile the debate between Gordon Gekko and Karl Denninger. IMO, FOFOA's perspective and understanding of the role of gold in international finance is orders of magnitude greater than either of them . . .
http://fofoa.blogspot.com/
Thanks Mandelbrot...interesting post from FOFOA
Me like FRN's, me like the smell of fresh ink on crisp paper, gimme FRN's...
Quintus my good man, i remember now.In 53 B.C.it was shown how by Roman Emperor Crassus who didn't eat gold.....it was just poured down his throat in molten form.....and that my friend is how ya eat gold!
Mr. Mandelbrot:
Why are you dissing Mr. _Gekko? He's a ++++ contributor at ZH.
first recorded use of precious metals was the silver shekel - used by farmers (ie everyone) to pay one's way with the Goddess Inanna's Temple Prostitutes approx 4000BC - in order to guarantee a good harvest for the following year.....religion, agriculture, precious metals, sex, what more can you ask for in a diversified portfolio?
OK Goldbugs, I've always been partial to the yellow stuff, bought a little every year for Christmas, but have never bought any in larger quantities. I went for the little subsistence farm first. It was a hard call, but I understand subsistence farming and only feel secure if I am close to the land, deed in my name, no liens. Throughout the next seven month time frame, I will be converting some FRN's to PM's. My questions to you, dear ZH community: First Question- For gold coin, Eagles, Maples or Pesos? I understand the purity difference between the Eagles and Maples, but is there actually a value difference if one trades or sells? I would prefer, for my first purchase, Eagles. Any problem with this? Second Question-By value, not by weight, what percentage split do you suggest between Gold, Silver and Platinum in order to have a properly diversified PM holding.
forget platinum and palladium - 50:50 gold silver is the way
as for type of coin - when the market really gets fraught the WHOLE POINT is that every gold coin is the same - just an ounce of Gold - this is exactly why and when it trades as MONEY - when fiat paper is still behaving well differences in coin premia manifest but when the shit hits the fan noone gives a monkeys arse which kind of coin you have.....so there are your answers
nice and concise