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Peter Schiff speaks on deficits, money printing, commodities rising.... emphasis on the analysis. (Mar 4, 2011)
Roubini - "Weather is the last refuge of scoundrels."
Hmmmmm.... that is pretty deep SWR. Or is it? Care to elaborate relevance etc.? Seriously.
Bad econ stats blamed on weather.
correct! ORI, listen to the Schiff radio piece.
Ah. Thanks MsC and SW below (or is it above, never know how cmments show up here).
does anyone have any clue as to how many $35 SLV calls Blythe is going to have to cover write in the morning? Holy Fuck, I actually feel bad...
More than a few and less than a trillion. That range should cover all possibilities.
Poor Blythe. Now she knows what it feels like to be set upon by an hundred thousand strong army when all you have for defense is a 10 foot wide moat and a wooden door to protect your castle.
OK, who has the torches and lighter fluid? Let's burn this place down and go home.
1/20/61 JFK quote, "If a free society cannot help the many who are poor, it cannot save the few who are rich."
50+ years later, this quote could help inflame the poor masses who decide to go after the few rich biatches.
My 401(k) is being cashed out this week to purchase physical silver. That's my lighter fluid.
Since you're late to the party, I suggest you wait and see what BB will do at the end of June. You're picking a dangerous time to push.
Bernanke will keep printing money out of thin air no matter what. The second Big Ben stops printing, the whole system collapses instantaneously.
It will never again, with the old money, be a bad time to buy silver. You can stop buying silver and gold when the new script is issued and backed by Fort Knox gold.
I totally agree. Silver is my FX account. Move to the stronger currency. Continue to convert.
Serious offer. Dollar diving, rupee gaining.
If any smallish/medium investors want to hold some Silver/Au here in India, feel free to get in touch. Easily arranged. Not a big business or anything. Safe storage costs are minimal compared to anything in the US. Plus, in a Gone Wild global scenario, India is a "safer" bet, all around. Much less accountability.
exactly - if you got too much gains then sink it into anything else real to spread yourself out but GET OUT OF DOLLARS
I'm good with it. 28 years old, I've got a lifetime of future earnings to cover any potential loss from this. Personal as well as profit driven decision.
He/she doesn't need to wait until June. BB must signal to the markets within a month at the most what his intentions are regarding the end of QE 2 and if there will be QE 3 or the markets will assume the worst and sell off.
It's just a Tragedy I tell ya.....
Men singing in female voices about emotions? No thanks...
For PM purchases, since you've waited this long, I suggest an entry point during the last week of March due to PM futures expiry or at the expiry of the Euro/Dollar futures in mid-July.
I think you have a good point.
The central banks are itching to punish PM's and force money into equities.
I would not put it past Ben and the boys to push up rates June by a 1/2 point, then another 1/2 point in October, maybe even a point at a time.
Would kill the housing market but would dampen commodities and lift the markets more.
QE3 with some rate hikes; more free money to the banks and Treasury and stick-save stock purchases but induce inflation and proclaim it is to "give the savers an incentive".
I did this. I had to take a *loan* though. Pissed me off. I got a safe deposit box at an area bank after going through www.bankregdata.com and finding a good 1B+ bank that was in good shape. Not all banks are run by fools, so there are some really good balance sheets out there.
NOTE: that site limits traffic to 100 pages by IP I think, so be thoughtful. It is easy enough to borrow a network connect at a friends though, since regular folks probably don't use their site. :-)
You might consider buying in weekly or daily in small amounts to prevent setting off the IRS or other "radar" and just in case prices drop on some profit taking or FED/Central Bank jiggering of PM prices.
Schiff bitchez! I think Peter eats Gold for breakfast! ;) I like the guy.
The Wicked Witch speaks, too:
A couple of months ago, you predicted 1600+ gold by 6/30. Are you sticking with this call?
The Fed will very aggressively suppress the price of gold over the next year, so gold will rise very slowly. Doubt 1600 will be reached by this summer, but silver is a very different story. The Fed doesn't have any physical silver supplies to keep the prices down. Silver will probably hit $50 by July, and possibly $100 by the end of the year.
I hope so. But Fort Knox is said to be empty already. I don't think the US has enough ammo now like in the past. $50 silver by July and $100 by the end of the year would be fantastic but I really doubt it would be reached.:)
The middle east on fire, and totally unpredictable. BB cannot take his foot off the accelerator for a second or everything falls apart instantly. Silver will hit $40 by April. Silver is the key to unlocking their grip on our lives. Without control of silver price, the deception ends. The curtain will be drawn back and the truth revealed. With out the ability to con the masses with paper, the whole debt based system comes crashing down. Massive credit cycle unwinding.
Actually, it was $1600 by 6/10/10.
Gold was at 1320 when I made that prediction. Why would I change my mind now?
Did she say Ruprecht?
Now eat your apple sauce.
Schiff blew Jacob Geiger out of his shoes!
Thanks for the link
Please slow down! My nose is bleeding!
Get a container for the blood and then sell the blood. You can use the money for more gold and silver. :)
Now ZH readers are taking forecasts from JP Morgan Analysts.... Priceless.
Whatever you say, loser contrarian boy.
You know this is an honest to God ZH Gold thread when Meth Man shows up. He/she/it provides the stamp of credibility.
You know this is an honest to God ZH Gold thread when Meth Man shows up.
You know this is an honest to God ZH Gold thread when Meth Man shows up.
Oh God, too funny!
Yes, like a moth(man) to the golden flame, he simply cannot resist the urge to have his paper wings singed yet again.
i came looking for your sorry ass which was calling the "blow-off" top last week. go buy some microsoft you loser.
Math Man... A stopped clock displays the correct time twice a day. You, on the other hand, are never correct.
Perhaps you should stop digging that hole you are in... if you want to get out.
Does your compensation for trolling off set the humiliation that you are enduring? I heard a rumor that paid trolls often turn to substance abuse... the only out for their ego.
Anyone want to make any guesses on what rumored story is going to be floated Monday morning to try to take down silver prices?
"Goatdaffy abandoned supporters fighting rebels Near Tripoli and photographed shopping for Rocca wear in L.A."
Fed raises interest rates 1%.
Smoke starts coming out of Bernanke's ears. His eyes start blinking rapidly. He peels back is face and underneath is an ATM machine. It is clearly overheating. It bursts into flames and ends up a pile of smoking wires and melted plastic. Jaimie Demon weeps on his knees besides the pile of smoldering rubbish.
"Huge silver reserves of Paul Revere as well as Nazi's plunder found buried under the nation's Capitol."
...or a FED rate hike...
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