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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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ZeroHedge would not load for me, so I'm reposting this as a FYI.
For all those who have difficulty getting to the ZH website, try 188.126.66.68 and 188.126.66.66, or try zerohedge.org or zerohedge.net before you miss your dose of the best financial info out there.
And switch to using better DNS services!
Choose two servers from
http://www.opennicproject.org/publictier2servers
or instead OpenDNS nameserver IP addresses are:
208.67.220.220
208.67.222.222
THERE'S NO DIPS TO BUY! THERE'S NO DIPS TO BUY! HELP! HELLLLP! :) buy the trend??
Yesterday $38, Today $39, Tomorrow $40.
Yesterday was the Dip, Today is the day to buy, because tomorrow is another spike.
As I said a month ago, you can still buy at least $1.00 of silver for $.65 today, so go ahead and buy.
MrBoompi is right. Just buy, do it now!
Last I checked, $1 of silver was $29.49.
http://www.apmex.com/Product/195/90_Silver_Coins___1_Face_Value.aspx
:D
Still available, 90% silver proof quarters from the Mint.
Price: $39.95 per set and $4.95 flat shipping for any size order.
The goobermint ain't going to take your numismatic coins!
There is a tad more than 0.90 ounce per set -- do the math.
2010 United States Mint America the Beautiful Quarters Silver Proof Set™
Ordered 4 ('cause I could!) -- Thanks, Rocky!
THERE'S NO DIPS TO BUY! THERE'S NO DIPS TO BUY! HELP! HELLLLP! :) buy the trend??
I bought the dip yesterday, before it was a dip.
Thanks TD, awesome timing!
I was for the dip before I was against it...
Very funny! made my morning.
Congrats go out to any first majestic owners out there also..
Check out nyse: ag
First Majestic is top shelf.
If you like that,try Alexco Resources,United Mining Group,Revett Minerals or Primero mining.
Does 2000 shares at ~11 count?
congrats..Still alot of room run... Did you see that First Majestic is now selling Bullion straight out of the ground to the public?
That was always part of their model.... anecdotal evidence says that their delivery times is crap....
My fav. home run was 10000 shares of IPT.TO at 0.22... now at 2.85 or so...
The other one was 10000 shares of TRGD at 0.03, dumped them at 0.56 (and along the way) Only wish it had been 100,000 shares but it took real balls to buy in late Oct. 08
"no guts , no glory" my friend
I bought but not as much as I felt I could...the firm I worked for went tits up that Sept. (and no, it was not Lehman or AIG).
I picked up positions in GDX at 17, TCK at 2.50, SLW at 4... sold them along the way to meet expenses....almost forgot, FRG at 2, GWG.TO at 0.09
In March 09, I went big into PBT, HGT at the 8-10 level....
What do you like now? I like Fortuna but keep finding excuses to not pull the trigger..
Coincidently, sold half of my position in FVI this AM, 50% gain... There are better bets than FVI at present, rolled the proceeds into GRS. High on the list of solid juniors is ORV.TO, for the more speculative types, AMC.TO. I am very long both....
My first ever was HL at $3.22 its $9.50 today. Was $12 about a month ago, so expecting a nice run up past $14 in the coming weeks. Unless it drops to zero of course.
HL is an odd company.... I snarfed some HLPRC at 62 or so, it converted in Jan at 104. I really like HLPRB, the only currently outstading preferred convertable (culumative and mandatory) in the Ag sector, yielding 6% or so, with all the upside....
I bought bars from them directly a year ago. Agree with the delivery time issue... and after looking at the stock chart, I regret not trading bars for shares.
Those Huggies might be good for the GoldmanSucks crew that are on the short side silver. I was actually hoping they could "engineer" a sell-off back into the 20's so I could load up the truck.
I've heard Huggies use Silver for odor control.
They will need some deodorant too. Smells like Silver bitchez!:
http://tiny.cc/ojncz
Someone doesn't feel right about that move.... Just saying
Concur, setting aside the "boys in the candy store" mind set right now on ZH, (enjoy your new found wealth), I need to understand the "dynamics of this move" a bit more to feel joyful about it.
dbl
At this point, they cannot bring down PMs without bringing down equities in a major crash.
Why? There are more ways for TPTB to crash PM prices than just have the Fed raise interest rates.
You are correct. Expect a equities crash when QE 2 ends. Then after all the dumb money goes into Treasuries, expect QE 3.
Those Huggies might be good for the GoldmanSucks crew that are on the short side silver. I was actually hoping they could "engineer" a sell-off back into the 20's so I could load up the truck.
And BTFD.
where is blythes silver dildo?
Blythe is about to come face to face with "Harvey's Organ".... Even better
thats funny lmfao
Here:
http://www.apmex.com/Product/60644/999_Fine_Silver_10_oz_Kit_Kat_Bar___Tri_State_Refining.aspx
"Gimme a break, break me off some o' that kit-kat bar!" LOL!
Tyler,
I see ZH mentioned almost everywhere lately. How much demand can your servers supply. You must be approaching 1 billion soon.
Any thoughts on what they'll do now?
Mama don't think I'm crazy anymore.....
I'm the new Whizz Kidd
I became an Evil Genius.
1500 and 40 before the week is over...perhaps before the day is over....
No, wait until tomorrow, with budget debate 2, when it gets even more "draconian."
I'm waiting to see who whips out the "Comfy Chair!" :>D
Oil needs to hit $300-$400/bbl before inflation is a concern. It's actually a good for the economy when oil is that high as the wealth effect from the oil companies will reign upon the peasants like diarrhea.
+10
You made me choke. Thanks.
aah, the rarely invoked "splatter down" economic theory. I've only seen it once and that was desperate times on a train headed to Mazatlan. CB
"wealth effect from the oil companies will reign upon the peasants like diarrhea."
Ahhh, +1 for the subtle pun!
I truly do believe that the oil companies have a major role in the oligarchy that has come power here in the U.S.
Tyler, I do not care if gold is up or down when it comes to this site. You would be #1 on the Comedy channel. Besides intelligent, you are one funny guy.
Huggies. LMAO!!!
'Grampers' would have worked too.
The NYT needs to put out a “precious metals is for suckers” meme…STAT!
1st Post!! Hi ALL
What wine shall i have with my iPad?
White usually, unless it (the iPad) is blackened, then you'll need a good red.
"White usually, unless it (the iPad) is blackened..."
They've got an app for that.
Blythe has her own whine...
Brunello di Montalcino.
Azelia Barolo Bricco Fiatsco
I read a story that several states are now accepting PM as currency in place of the worthless dollar.
Yes I think they do in Utah.
"I read a story that several states are now accepting PM as currency in place of the worthless dollar."
I wonder if they would accept my von Nothause dollars?
look at Corn! Gas prices $5.00 easy this summer under the Bernank
THERE'S NO DIPS TO BUY! THERE'S NO DIPS TO BUY! HELP! HELLLLP! :) buy the rip??
They must be giving away silver eagles at ANF....cause I need a huggie..now..pants and Pand L shit upon....one crazy world...
Spalding, where you at, son?
Haven't seen Math Man for a while, either, for some reason.
He gave up and became Meth Man.
Good observations above. Lots of trolls gone AWOL.
Two more confused and angry agents turn quietly away from their screens.
LOL!
Wonder how Harry Wanger is doing with all the latest Apple developments.
Got an option on a taxi license in the Robert Taylor Homes area.
The proper way of "keeping score" is:
1 Dollar = .00145 oz. of Gold.
+1913
+1913 to Jim for your astute concern for history....
Cue new BLACK SWAN event:
a) US Government Shutdown
b) Mass Forced Migration of Japanese
c) Bank Holiday
d) All of the Above
If it turns out to be (b) -- though if pressed I'd select (d) -- they should all come here. We've already got plenty of empty houses for them to live in...
I concurr - TEPCO Managment aside - there are some gentle, family oriented, hard working, EDUCATION centric people there.
Attention JAPANESE people caught in this disaster = Please come to Boston, do some California Dreamin', move to Sweet home Chicago, leave your hearts in SF, get your kicks on Route 66, etc...
+++++
++++++
"We've already got plenty of empty houses for them to live in..."
Yes and they've got t-bills to buy them with
Metals, Equities, Euro, Yen, Artwork, Land, Ag, bread, toiletpaper= BTFD!
Bonds, $= STFR!
Whatcha buyin Yen for?
"where is blythes silver dildo"?
where the sun does not shine,I'm sure...!
Shouldnt that be Depends super absorbent satanic undergarments for the Chairsatan?
LOL holy shit:
UK energy minister say Saudis to keep calming down oil market
Calming it down?!? To what, like $1000/barrel?
Gas prices have DOUBLED since Obama took office. Tell me this is not intentional, when his Energy Secretary has openly called for 6-7 dollar a gallon gas. Lord help us. The US is going in the shitter at light speed.
Brent crude oil futures extended their rise more than $1 and moved above $122 a barrel on Tuesday as Libya's conflict, Middle East unrest and Nigeria's election delays kept Europe's benchmark crude elevated despite another interest rate hike in China.
$2.2193636651 is the total melt value for the 1942-1945 silver nickel on April 05, 2011.
Once the highest and best use is realized regarding the precious; the values nose gets pulled up and the after burners ignite (for you greedsters in this for wealth). The vast utility of the precious be still untapped; and earths crust only holds so much. A GSR of 1/4 seems ludicrous now; but when the secret of the precious is revealed ; ball game over.
I always suspected that the nearly universal and historical love for both shinnys (Au and Ag) could be traced to a deeper as of yet re-discovered by our current crop of humans power of the precious. I suspect that between the healing powers of silver and the captured energy in gold, we might be holding the next revolutionary building blocks of civilization v.6
The other side of spikes is devastating. Be nimble.
This is not a spike. This is the basketball coming up from the bottom of the bottom of the lagoon where it has been chained down.
Understood. On its way up, when it reaches the surfaced it will pop up in the air (spike) and then come to rest at the surface.
True that.
Diversification and Agility: two of my favorite words.
Gold and Silver? Where can I get some? Is it expensive? Can I eat it?
Let me fix that headline:
Dollar under 1/1450oz. gold.
Just bought PAMP Suisse bars before the breakout - no psychic ability here - just lucky I guess.
Hello.
My Name is : Nobody
You are correct... I did foresee this coming.
Thanks.
Anyone besides me looking at this and thinking that higher CRIMEX margins will be in place by the end of the week?
>> Anyone besides me looking at this and thinking that higher CRIMEX margins will be in place by the end of the week?
Yes margins will rise and it will stop this price increase BUTT COLD .... for about 12 hours.
And hopefully less, as that trick pony wears off.
The real point for me is that if an Oz. of silver buys me 10 loaves of bread today, It's likely to buy me 10 loaves of bread tomorrow. So it doesn't really matter whether if I have to exchange ounces for FRN's, ECN's, Ameros, something else like IMF SDR's, or just barter with them as is. I'm going to be able to get my 10 (I know that 10 is an "elastic" number) loaves of bread because I had an Oz. of silver with which to buy them.
~ Ive been reading for a while, but it's nice to part of the crowd.
You are right. Does not matter if one ounce of silver gets you 1,000,000 Dirham or a gazillioin Dollars, but you will be able to feed yourself. At least for a while... Because I predict that the earth will go through a pole switch within the next couple years. And that will be real bad news.
"the earth will go through a pole switch within the next couple years. And that will be real bad news."
Not if your sole manufactured product is a compass!
"the earth will go through a pole switch within the next couple years. And that will be real bad news."
Not if your sole manufactured product is a compass!
Curious how much physical PM Zero Hedgers own compared to PM ETFs and stocks. I have 100 ounces of silver and an inflation-protected securities fund that I'm thinking of converting to a silver ETF.
Paper? Paper is dangerous. Stock Markets and banks worldwide will be closing when "it" happens. Look at Egypt, stock markets have been closed for months. Paper is no good, worthless.
YOU NEED PHYSICAL.
100% physical, ZERO stocks / ETF's. If you dont hold it, you dont OWN it.
One day people are going to wake up / check in on stocks / paper and it will be worth ZERO. IMO, mass hyperinflation in the US will take 15 minutes to 1 hour to repeat all of the Wiemar run thanks to the velocity of electronic currencies.
+++
I understand this point of view, believe me.
I have to disagree slightly with your appraisal of the severity of the situation. It is bad, absolutely, but I don't see Weimar on the horizon for this year or next. There will be some radical changes forthcoming.
If silver reaches $50/oz by the end of summer or the GOP folds on the government shutdown and debt ceiling, I'll reconsider the state of affairs. But I'm not so fatalistic. Yet.
And Saturday evening was very beautiful in Pearl Harbor on December 6th, 1941.
You cannot anticipate WHEN. Be prepared.
+12/7/41
I see everybody here talks about SLV and PHYS, but no GLTR or SIVR. What do you think about ETFSecurities paper products? I do like GLTR, a one-stop shop for PM (about 45%-45%-5%-5% of gold, silver, palladium and platinum).
Annnnnddddd first post!
Just buy more physical to take it out of circulation unless you are trading.
etf for (very)short-term trading purposes only ... holding etf = counterparty risk . is there ANY party out there now that u can trust 100% right now, in the middle of this monstrous insane financial/economic/geopolitical clusterfuck, w/ your hard-earned money ? i didn't think so. physical baby.
Have a look at the cartoon of www.silver-info.com --- Yes baby, I wanna see Gold @$1600 :D
Wonder which is going up faster?
GLD
SLV
Abercrombie and Fitch?
Tough call.....
My "Formula" remains 100% correct.
Gold $1,650 = Dow 15,000 = Consumer Spending Boom of Epic Proportions
Gold $1,650 = Dow 15,000 = Consumer Spending Boom of Epic Proportions
They'll be buying Gold and Silver you moron.
Gold : Dow parity at $5000
Until that day (whenever parity is reached) keep buying:
1. BTFD
2. BTFS
3. and buy some more after that
4. All of the above
get real catfish mouth. you don't have a formula. if you did you wouldn't be worried about your gold stocks. you would be holding tight rather looking to break even, and sell. lol, as you would bray.
wondering about this event, is bullish or bearish for gold and silver. some out of town company took out a full page ad in local paper, will buy your gold and silver everything. in a two day event in a big hotel. they have all the prices listed. now is this good or bad?
It's good for buyers, bad for sellers. What the ad tells me is that the buyers are getting desperate for more PMs as the sellers must be increasingly harder to reach if they need a full page ad. Also they are not putting an ad in to sell to the public now are they? They are preying on people that have few options but to sell their assets.
i thought it was preying on people who are financially strapped. bet they didn't anticipate these rising prices though. they probably had this planned months ago, this is a fairly elite town.
look at the size of the bid/ask spread and where the midpoint of the spread is in relation to the spot price (unless the entire spread resides on one of the spot strike)
Velo, There are two different ads in the salt lake papers this am for gold/silver. Both will screw the people out of their metal. There is also a full pager buying guitars...Les Paul Bitches I guess.
"bet they didn't anticipate these rising prices though."
True, but how many folks rushing in to sell grandma's hand me down jewelry are going to check monex.com or apmex to find out what the spot price is? Even if they do, would they weigh the items and then be able to calculate the relative worth of what they have to sell? I see ads like that and think that someone is running a mobile fencing operation. They run the advertisements a week in advance to alert the local burglars so they can "find" inventory.
They buy @ 50% of spot. Good for them and bad for stupid people that go.
Owning PM's I don't know whether to laugh or cry.
Our Soylent Green future inches closer and closer.
I keep hearing a little voice in my head: "The government has special powers. You are totally screwed."
The extremely unscientific measure of eBay prices has silver american eagles going for $46. $920 for a roll, minimum!
Almost feel silly for waiting on TFD, I've only got 45oz on hand :(
Go to a coin shop and buy more. Don't delay. Make a purchase plan to buy one ozt a week or whatever you can afford. I have been saying I wish I'd bought more every time the metals rise vs fiat. But I bought anyway, even at tops, and I was cautious each time but still am wearing a grin (and still nobody has listened). When gold hit $1000 and then hit it's first nominal all time high I told people to buy...now they all wish they had. Waiting is not a strategy it is a disengagement.
Tempo, Great plan, a little metal every payday. It adds up.
Ebay is a ripoff. Don't buy there. Shop around the PM internet dealers or go to an actual coin shop. I've had good experience with Gainesville Coins online.
Gainesville always bounces my credit cards for some reason, and I don't have the scratch to cover their minimums for a wire transfer.
I've got half on my net tied up in an IRA right now -- I've already withdrawn all but $1k of my original contributions, and the rest is in miners and paper metals. Of the remaining half, 20% is in physical and the rest is in cash. I'd love to double down on my physical, but there's something to be said for liquidity when you're young and expendable in this shitty job market.
then consider Bullionvault or Goldmoney?
I use BV and you can buy and sell at Spot with tiny spreads and have back it in your account the next day, it always impresses me how fast it is.
Happened to me, too. I conferenced with the CC and Gainesville over my cell and they got it to go. They have really strict fraud prevention. I always use my CC to buy PM and collect the cash back reward. Every little bit helps.
diversification ....
started buying gold
to keep the silver company ...
clear the decks
get the cannons
down below.
more ballast below the water line ...
fell weather ...this way comes
And guys, DO NOT FORGET TO HAVE CASH ON HAND if and when all collapses and the ATM so longer spit out money. Because what do you think you local supermarket will do if you go there with your one ounce silver buffaloes?
So your premise is that if there is no paper in circulation, and the supermarket accepts only paper, but there is none available, they won't choose to accept something that has 5000 years of history as currency and is only getting more valuable vs fiat?
I guess according to you everyone will be starving that doesn't have paper, which will be most everyone, and the supermarkets will not be ransacked by mobs and riots, yet you think that if they had a choice they wouldn't accept something rather than nothing to protect their property?
ummm, which part about there being no paper did you not understand? when the ATMs stop and credit cards are asswipe how will you pay for something? go read what happened in iceland when their banking system collapsed. i have PM but you need cash too.
"when the ATMs stop and credit cards are asswipe how will you pay for something?"
With a check?
Go read what happened in Germany and Argetina and Zimbabwe.
I asked the manager at a grocery store about that. He told me he could setup a Tab for me so I could trade Gold and Silver for product.
I don't know if the supermarket would accept them, but I'm pretty darn sure the farmers around here will.
Still have a bit of cash on hand, though.
"I don't know if the supermarket would accept them, but I'm pretty darn sure the farmers around here will."
I can price out feeder calves or finished steers in Ag/Au for the right customer. All the others barter labor (fencing/cactus clearing) or services (dozer work, heavy tillage) for beef on the hoof or 1/2 dressed.
"And guys, DO NOT FORGET TO HAVE CASH ON HAND if and when all collapses and the ATM so longer spit out money. Because what do you think you local supermarket will do if you go there with your one ounce silver buffaloes?"
So you are thinking that when it all collapses you are going to the supermarket with a wad of cash? I suppose if this doesn't work out your next plan is to head to the superdome.
I just can 't get past the words collapse and supermarket in the same sentence.
when the ATM's
stop spiting out 20 $ bills..
there won't be any thing left
at the super market ..
looters will have stolen
the shelves bare .....
Ha. Ha. I'm rich. And it feels great!