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Gold Over $1,450, Silver $39
Nobody could have foreseen this. Nobody. In other news, Ben Bernanke has just ordered an extra absorbent set of Huggies.
Time for some force majeure announcements from the TBTFs.
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There is no inflation.
Yes, my 12K Ag investment is now worth about 20K, and all within a 6 month timeframe.
I'm supposed to be happy about this, right?
depends what your strategy is. If you are a trader, you should not be happy until you book those returns.
If you are waiting for the collapse of fiat money, then "happy" might not fit.
The gold/silver bugs make me chuckle at times... be careful what you wish for...
Thanks to Eric Sprott...
Something Wicked This Way Comes.
Been humming Silent Running a lot lately...
BTFD
Should BTFD now simply be B?
Sprott or QE3 being priced in?
Look at the 5 year price and it really looks like silver hasn't hit any kind of real resistance as it is rocketing upward. I was trying to time my buy today but then I just said fuck it. I'm in long so I will bareknuckle any dips.
I share your sentiment.
I own the stuff, but I sure hope to hell I never have to use it.
Exactly...
Why not? I have about 148kilos in silver coins and bars laying arround AND I SURE DIDN'T BUY THEM FOR FUN!!
But they may tone for another few years before I chip them in unless I would really need them.
What's your address again? >:)
5 Place Victor Hugo, Brussels...
Pick me up some chocolate if you can... be sure to hit Chez Leon for some moules-frites as well....
exactly, but that hope is quickly dissipating
LOL. That's a sentiment I share as well! I'm not all that optimistic...
You will need to use it. You will also need a faradized suit.
And directed energy man-portable weapons.
Good luck.
Who manufactures these faradized suits and for what frequency range?
Are you implying that the G.I Joe movie was prescient?
Prudent planning is not wishing.
Doing nothing is wishing the future is not too cruel.
You fiat phreaks make me wonder...
Me, a fiat phreak??
You obviously do not read what I post very closely...
Errata: "Phiat Phreaks"
Perphect !
"Phlailing, Phloundering, Phucking Phiat Phreaks"
Sound money should not be percieved as negative.
I own gold, silver, property and cash. The gold and silver is only since 2008 I own it because I believe I have to a disaster insurance, NOT because I a hoping for a crash.
I remember looking at gold back in 2004 after reading Richard Duncans book The Dollar Crisis thankfully I hedged out of equities and into cash.
One final thing I will add is there are likely gold / silver bugs who have stacked a certain amount of metal and are hoping that at a certain ratio they can exchange for land or a house etc.. So in that context I don't think thats bad. No different really from putting money into Google, Microsoft etc.. and hoping in a few years time you can enjoy some big gains.
Mixed feeliings for sure, since I do have a few things laying around that are valued in USD. I didn't have the guts to go all in on gold and silver last year.
Neither did I, I wanted something more stable than metals so I bought into oil companies and emerging market ETFs. They are both doing pretty good considering...
Everyone likes to talk about when gold goes up, 3% is not bad considering the losses it's taken over the months, but there are dozens of better investments out there. My Chevron (CVX) stock goes up 1.2% today, steady reliable growth that I don't have to bite my fingernails over.
The only people happy when they have to use their insurance policies are the one's holding the torches.
or those that can cash in on jooish lightning like the benster.
Lol! That means you bought around the same time as I did or same price point, Sep last year. The tricky part is if you are using it as insurance as I am primarily you cannot really sell it. If you do you have to buy back in at the current price. If it goes exponential you're OK with either price point, but if you sold out and did not repurchase then you're screwed. Tough call, but congrats! It does feel good to make a good call. I wanted to buy silver at $9.42 but I was busy getting laid off and moving. Wish I'd risked a few G's.
That's what I'm saying, but nobody on this site seems to listen!
It's just transitory.
Mervyn King keeps insisting inflation in the UK is temporary, even as it breaks from 4.0% in Jan to 4.4% in Feb. In fact, it has been "temporary" for the past 18 months.
Of course, he also tells us to expect 5.0% by the end of the year, due to more "temporary" factors.
On a long enough time frame, everything is temporary.
Merv's just a visionary.
Merv is just temporary.
To rephrase Merv: "In the long run we're all dead."
She had spent a year, picking worn rail from abandoned branches to patch the rail of the main line. She had spent months fighting the men of Jim's Board of Directors, who said that the national emergency was only temporary and a track that had lasted for ten years could well last for another winter, until spring, when conditions would improve, as Mr. Wesley Mouch had promised. Three weeks ago, she had made them authorize the purchase of sixty thousand tons of new rail; it could do no more than make a few patches across the continent in the worst divisions, but it was all she had been able to obtain from them.
I know this. Is that from Atlas Shrugged?
...and you can see it on the big screen (pt. 1 - Atlas Shrugged) on April 15th. Who could have imagined Ayn got our current situation so right - writing more than more than 50 years ago? Genius....
It's just all bullshit.
Ya' know, I'm gettin' this sneakin' feelin' that people's in the financial community (least all the buggers that I know and that's a pretty broad sample set) are just gettin' plain old tired, fatigued by the Bullshit Quotient and the Credibility Gap.
Where, oh where do we place our bets at times like these?
Real assets... commodities, PM's.....
Just tired of dealin' with the BS that accompanies good old fashioned capital market investments....
That's what I'm hearin' from the troops, folks.
+$1450 / +$39. I'm with the troops.
+2011 A.D.
+ FOFOA 2011 - Year of R - P - G
http://fofoa.blogspot.com/2011/01/reference-point-gold-update-1.html
And coz it really opened my eyes, in the middle of the above link:
From a Friend
Ref: "In other words, the current price of gold means that you are buying a slice of the world’s gold supply with a proportionately smaller slice of the world’s money. You can currently buy x% of the world’s gold with y% of the world’s money, where x is much bigger than y. When gold will become the unit of account of the world’s wealth, you will find yourself able to claim a much bigger slice of that wealth than you would have been able to do with fiat money before the collapse."
Amen
There is inflation but it is "transient", obviously.
2011 gold forecasts from the 5 members of the London Gold Fix:
1. Barclays - $1,620/oz
2. Scotia Mocatta - $1,500/oz-$1,600/oz
3. Deutsche - $1,500/oz and $2,000/oz by 2012
4. Societe General - $1,550/oz
5. HSBC - $1,550/oz
And Goldman Sachs - $1,690/oz
They may be all a little too conservative!
A little? Like these in your avatar?
I saw it...with my Bernank-Ray Vision Glasses I bought from ZH.
I see $50 silver soon.
and $100 soon after that
i think we need another stimulus package of about 2 Trillion $'s There are many shovel ready projects that will employ millions.
But are there enough mexican willing to climb the fence to work those shovels. American citizens do not get their hands dirty -- it's uncivilized.
$50 Ag, $1600 Au and metastasizing...
Inconvenient Truth may see dead people, but I smell dead people, as they're going to be a lot closer than you think.
Uncivilized - and will get you branded as a potential survivalist/terrorist should you use that shovel to make a garden plot.
In the real world most Americans get their hands dirty. And millions of Americans would like those jobs Mexicans are bidding down. If Israel can built a fence that works so can we.
I was shocked, shocked I say, to find out that the various States used said stimulus FRNs to repay what they owed to the Public Union Pension Funds! Who coulda knowed??
I C dead people.
That's quite a BOLD call.......
NOT :-)
really steppin out on a limb there , huh ? ;)
Time for some force majeure announcements from the TBTFs.
Every market can rise except these.
BUY THE F***ING DIP!!!!
Mr.Sinclair has seen it, and as you know forecasted it.
He's been spot on.
Next stop $1521.00..........
The TURD agrees.
Gold or Silver?
Haven't you read? SILVER BITCHEZ!
Seriously though, Silver has been regularly out pacing Gold by a large margin. I own some Gold only because it stores a larger amount of value in a smaller space... oh and because I got it pretty cheap at the time.
I think BTFD by now it's Buy the F***ing Default. It's a buy anyway, so it's just semantics, it won't afect your performance. BTFUSSD. (US Sovereign)
BTFS Today's Spike is Tomorrows Dip.
For years now, I have BTF Spike (and sometimes a Dip) and I am perfectly content.
I just buy the Au when I have some income arrive, yeah I check the price but it doesn't influence my buying decision.
I think this leg will get sliver above 41 before a real dip. I plan on taking some profits in the miners at 40, and wait for 41, sell more-- trade thar cash to buy 300 oz on the dip. The chaos is accelerating out there, which means silver below 40 could soon be history as spikes get more energetic. Wait til Ma and Ma decide they want a little stash of real money.
Mr.Sinclair has seen it, and as you know forecasted it.
He's been spot on.
Next stop $1521.00..........
The TURD agrees.
+++++ ;)
if there is no QE3 would it affect gold?
The same way no gravity would effect gold.
Fun to speculate, but it's not going to happen.
If I ever get the chance I will buy one of Turds delicious frozen yogurts and pay him in silver.
I'll take it!
"Turds delicious" should never be used together.
Two metals, one cup.
"But you can't eat gold!"
Before there was a QE gold was up for 9 years straight. Does that help?
Fuck being a real estate consultant, I wanne be a miner!
Move to Austrailia and be a rigger. Six figure salary, no degree required.
http://www.bloomberg.com/news/2011-04-01/australia-boom-means-men-withou...
many bars don't serve miners, did you know that?
Bummer!
- $1448 on bars not serving miners...
In the cities you can lose some loose change. Out there you lose nuggets.
QE ad Infinitum
Who cares, do they serve beer?
D.P.'d by Silver and Gold, huh Bernanke Confetti?!
Breaking news also suggests the Obama administration has rejected the short term budget proposal of the GOP, increasing the chances of a governenment shutdown on Friday.
The Democrats want a shutdown.
and then all will realize that we don't need no government.
1773 baby.
That day will come swiftly.
SILVER IS THE STANDARD
GOLD IS THE STANDARD
I'm losing my fucking mind here!!!
No, you're not losing your mind, they're stealing your money…
Material is getting stale. All new posts get stuck in legal.
No, you are not.You think you are losing you mind but actually, you are losing your money....big time!
Gotta be real careful with publishing facts these days. Just ask Lisa
Speaking through Data
"I’ll try to be non-cynical and hope that Geither believes because his books tell him he should. My numbers — based on tens of millions of pieces of foreclosure and housing related data — tell me I shouldn’t, and that nobody else should either. Tink’s pixie dust only works if you believe in it, and when you stop believing you’ll fall rather than fly. In housing, in foreclosure-land, and in the overall economy it’s more important now than ever to do your research — to make sure that research is rooted in independent facts and figures — rather than jumping off that windowsill on blind faith."
Fight Club Lawyers listen up. For those who enjoy reading legal briefs click this baby. It will blow away the Ibanez decision. I wish there was a way to "ping" ZH'ers. I'd like to get Macho Man's take on this.
Moll vs. MERS, et al
Warning - 42 pages.
The Banksters ignored common law (in ALL 50 (57?) States!), now they're being hoisted on their own petard(s)!
The Moll brief got buried pretty deep in the thread so I will re-post on the next fraudclosure topic that pops up. I can tell you this...if you get too close to the Foreclosure Matrix the heat get's turned up fast. I'm not pimping for anyone here...but we need more lawyers with the skill and willingness to fight. A couple here and there are gonna get shut down. The courts are our last chance. Tyler...put this baby up top. We need more "Fight Club Lawyers" pronto.
Moll vs. MERS, et al
I thought they shut it down years ago.
Which is why they waited until they lost the last election to do it? Should we take t-baggers like you seriously?
Perhaps they would like to shut it down BECAUSE they lost? Taking their toy truck and going home...
This will be the first wakeup call of many for those who suckle from the government teat.
The productive people won't notice anything unusual for a while, until the recession hits.
Anyone with simple math skills can see this will be a long one....
Maybe our fuhrer will use this opportunity to make his move.
+ $1445
shutting down government seems to be there would be more positive aspects to it than bad. I know there are people dependent on gov't cheques but we need people to get alarmed. Note I'm a Canadian who really admires a lot about America and has been observing what is going with absolute astonishment and fear. The more this builds up the worse the breakdown is going to be for America and your friends. Shut down your government and maybe there's a chance the people can take it back.
I'm apologize if I seem insensitive on this one and perhaps there is more bad news to this than I can see.
I noticed that a number of mining companies are located in Canada. A hyperbolic PM bull market might prevent a Canadian realestate collapse.
What we should fear is the markets' reaction to a shutdown, not which checks get mailed out and which don't.
Remember the fat finger episode a year ago? Think about that on steroids and then try to relax.
F the markets reaction to a shutdown. Jump you, Fuckers.
haha this seems apt somehow :)
http://www.youtube.com/watch?v=_ZEEgIti8sM
double post or as they say in Quebec poste deuxieme (not really)
Don't worry, you'll never walk alone.
Acheter le creux putain
Comprar La Buzamiento Puta
So, I guess I should've filed my taxes already, huh?
What if they shut down the government and nobody notices?
I motion that the IRS be the first to feel the axe! There's nothing to like about their "service!"
Team ZH saw it,saw it from a mile away!
Ben: "But Maynard . . . I did everything you told me to!"
AGAU BITCHEZ!!!
buy buy buy
no better time to buy
alx
Utterly unprognosticatable.
The mainstream loves to ignore the elephant. How about that iPad2?!
Very tasty. Ate one for lunch.
If you can't eat them, why are crooks dying to steal them?
http://www.dailymail.co.uk/news/article-1373422/iPad-smash-grab-Robber-shot-dead-arrested-Apple-store-heist-gone-wrong.html
Not to worry though; it all turned out otay...
I guess they didn't expect an armed Apple store. What will the hipsters think?
In Steve Jobs mind this is a suicide.
Just like all those Foxconn suicides are likely security guards throwing over railings for talking to reporters.
One day people will be cracking the case to see if there is silver in there.
and will extract it with electrolysis
HNO3 + NaCl --> Ag(s)
I am Chumbawamba.
i have an ipad. it's alright. the new ipad2 looks much improved.
seriously, how long before i'll be able to pick one up for an ounce of silver?
Seriously?
With the current trajectory of the price of silver, and an extrapolation of Moore's Law... probably about two years.
If the barbaric relics are making such moves, does it mean barbarism and barbarian raids are around the corner? Oh wait, it's already been here for years, we've just called it the US Financial Sector and Wall Street. Might as well add the US Military's Corporate Profit Protection wars to the mix too.
Glad I bought the metals years ago.
Waiting for the Barbarians -
What are we waiting for, assembled in the forum?
The barbarians are due here today.
Why isn’t anything happening in the senate?
Why do the senators sit there without legislating?
Because the barbarians are coming today.
What laws can the senators make now?
Once the barbarians are here, they’ll do the legislating.
Why did our emperor get up so early,
and why is he sitting at the city’s main gate
on his throne, in state, wearing the crown?
Because the barbarians are coming today
and the emperor is waiting to receive their leader.
He has even prepared a scroll to give him,
replete with titles, with imposing names.
Why have our two consuls and praetors come out today
wearing their embroidered, their scarlet togas?
Why have they put on bracelets with so many amethysts,
and rings sparkling with magnificent emeralds?
Why are they carrying elegant canes
beautifully worked in silver and gold?
Because the barbarians are coming today
and things like that dazzle the barbarians.
Why don’t our distinguished orators come forward as usual
to make their speeches, say what they have to say?
Because the barbarians are coming today
and they’re bored by rhetoric and public speaking.
Why this sudden restlessness, this confusion?
(How serious people’s faces have become.)
Why are the streets and squares emptying so rapidly,
everyone going home so lost in thought?
Because night has fallen and the barbarians have not come.
And some who have just returned from the border say
there are no barbarians any longer.
And now, what’s going to happen to us without barbarians?
They were, those people, a kind of solution.
The barbarian raids are emanating from the IRS. For instance, they got a $1B budget increase focused on more, well-armed revenuers.
Yeah, they too are the barbarians.
They are all part of the whole corporagovernment of today's world. For those who feel they are libertarian or "Free Market" or Replublican leaning and who will complain, it could also be called govcorp.
Same difference, different word, but some still believe the the fantasy that big bad Government does anything without their corporate or wealthy sponsor's approval. Reality awaits their discovery.
BUY THE F***ING DIP!!!!
BUY THE F***ING DEPENDS!!!
When gold goes into backwardation, the endgame has begun in earnest.
Silver Bitchez!!
It's uprageous!
How long before the Bernank resigns or puts a gun in his mouth?
He packs a glock 40
You don't even need to point those at your self.
Hopefully he will go to his office and detonate the nuke he has in his desk drawer.
Haven't seen any of the PM trolls lately.
In totally unrelated news, stores nationwide report a sudden run on adult diapers.
The worst shortages are in NYC and DC I heard.
+1 YMMD
Just wait for the next dip, they will be calling a top. It is actually kind of funny cause they are a good indication of when to buy.
If we could have their comments quantified on the level of trollishness and chart it, we could have the PM Troll Buy Indicator Index.
+ 1000
I'm sorry, my son is in juvie and can't access a computer.
Bythe? Hello? Anyone Bueller?