• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Gold Surges To New All Time Record

Tyler Durden's picture




 
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Wed, 07/13/2011 - 07:35 | 1450973 malikai
malikai's picture

Tomorrow is Bastille day. Are we ready to party like its 1789?

Wed, 07/13/2011 - 07:37 | 1450979 A.W.E.S.O.M.-O 4000
A.W.E.S.O.M.-O 4000's picture

Off with their heads

Wed, 07/13/2011 - 08:08 | 1451071 66Sexy
66Sexy's picture

Simple solution.. Trade international banker digital debt money for physical gold and silver.

Then default, And laugh your ass off. WTF are they gonna do? Invade European states with the US Navy?  

The IMF has no choice but to extend and pretend.

Hell, If i was a european ruler, I would take the free money and trade it for Precious metals.

Then shoot that 'ol devil in the ass...

Wed, 07/13/2011 - 08:17 | 1451099 Ranger4564
Ranger4564's picture

Hello UN and Africom Peace Keepers... installing martial law... forcing compliance.  Wait and watch.

Wed, 07/13/2011 - 08:26 | 1451117 SheepDog-One
SheepDog-One's picture

LOL, blue helmets make such great targets.

Wed, 07/13/2011 - 08:42 | 1451169 GetZeeGold
GetZeeGold's picture

 

Kinda like aiming for the ball cart on the practice range.....you just gotta do it.

 

Wed, 07/13/2011 - 09:22 | 1451294 Ponzi Unit
Ponzi Unit's picture

+1

A bas les aristos!

Wed, 07/13/2011 - 09:37 | 1451330 Helena Bonham-Carter
Helena Bonham-Carter's picture

Rob me the exchequer the first thing thou doest, and do it with unwash'd hands too.

Wed, 07/13/2011 - 07:52 | 1451025 Ricky Bobby
Ricky Bobby's picture

LOL

Wed, 07/13/2011 - 08:01 | 1451054 Sudden Debt
Sudden Debt's picture

Maybe this time, everybody gets free cake?

Wed, 07/13/2011 - 08:08 | 1451079 malikai
malikai's picture

Oh, I like cake. I wonder how much cake these guys got.

http://upload.wikimedia.org/wikipedia/commons/3/31/Storming_the_bastille_4.jpg

Wed, 07/13/2011 - 08:23 | 1451110 h3m1ngw4y
h3m1ngw4y's picture

the cake is obviously a lie

http://www.youtube.com/watch?v=qdrs3gr_GAs

 

Wed, 07/13/2011 - 09:14 | 1451268 Esso
Esso's picture

Ooooooo, I hope it's that cake with the yummy, whipped icing. I could live on that!

Wed, 07/13/2011 - 12:09 | 1452267 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

You'll get urinal-cake and you'll LIKE IT too.

Wed, 07/13/2011 - 09:24 | 1451297 Ponzi Unit
Ponzi Unit's picture

Marie Antoinette, when told the people had not so much as a crust of bread, suggested they eat the soft portion of the bread instead, the cake.

Wed, 07/13/2011 - 07:38 | 1450982 Quintus
Quintus's picture

And POW! suddenly it sells off $5 just like that.

Wed, 07/13/2011 - 07:43 | 1450996 SheepDog-One
SheepDog-One's picture

I'll take gold up +$10 every morning no problem, better than any bubble 100 P/E stock out there.

Wed, 07/13/2011 - 07:55 | 1451031 mmlevine
mmlevine's picture

I keep shorting and 100 p/e stocks and getting killed.  Suggestions?

Wed, 07/13/2011 - 08:00 | 1451048 malikai
malikai's picture

Stop going short and start putting PMs in hand.

Wed, 07/13/2011 - 08:25 | 1451114 SheepDog-One
SheepDog-One's picture

Yea, step away from Bernank's rigged casino.

Wed, 07/13/2011 - 09:42 | 1451347 DaveyJones
DaveyJones's picture

the rule for cliffs and casinos

Wed, 07/13/2011 - 10:10 | 1451437 mmlevine
mmlevine's picture

I consider myself a fair and decent family man.  I do not booze, womanize or even speed (too fast) over the limit.  So I am a little simple - more so than the average man.

Shorting LULU, NFLX and AAPL, (by buying puts) has been my way to express my simple opinion that stocks are way overvalued and in the end, common sense should prevail.  It has not happened yet and I am the poorer for it.  However, I must continue.  I often ask what if others took a stand and rendered an opinion - would I have been made right? 

The world is imploding around me and I must in good conscience keep expressing my opinion in the only way I know how.

Wed, 07/13/2011 - 10:42 | 1451588 FeralSerf
FeralSerf's picture

As dollars become worth less it takes more of them to buy those shares of AAPL.  Maybe you should think about shorting dollars instead?

Wed, 07/13/2011 - 10:58 | 1451723 impending doom
impending doom's picture

If you knew what a hedge was, then you would not be worrying about downside risk. It is like calling car insurance downside risk. A hedge involves using 2 risky positions to place a floor on your potential loss. I am perfectly okay with losing the $5000 or so in insurance premiums that I put up to protect over 70k in metals.

Wed, 07/13/2011 - 11:02 | 1451757 mmlevine
mmlevine's picture

So I should buy AAPL, NFLX and LULU calls as well?  That would be my hedge - correct?

Wed, 07/13/2011 - 10:14 | 1451458 tarsubil
tarsubil's picture

Gold is not surging or suddenly selling off. Gold is marching. Like Basil the Macedonian, it's like the slow creeping inevitability of hot liquid mag-ma (or lava for sticklers). Only buy what you can hold in your hand, IMHO.

Wed, 07/13/2011 - 07:39 | 1450983 Mitch Comestein
Mitch Comestein's picture

Gold bitchez.  There I said it.

Wed, 07/13/2011 - 07:40 | 1450988 averagejoe
averagejoe's picture

Tick tock.  Euro facing into the abyss.

Wed, 07/13/2011 - 07:42 | 1450990 Silverhog
Silverhog's picture

Record price in the middle of the doldrums. Look out September!

Wed, 07/13/2011 - 07:42 | 1450991 Twindrives
Twindrives's picture

Obama, eat your peas bastard.  We have gold. 

Wed, 07/13/2011 - 07:44 | 1450992 smartknowledgeu
smartknowledgeu's picture

but only in terms of current de-valuing fiat money and unadjusted for inflation. adjust for real inflation (not the bogus "official" inflation numbers released by the US govt) and it's nowhere near the all time record hit in 1980. not even close.

Wed, 07/13/2011 - 08:11 | 1451087 doggings
doggings's picture

its only a matter of time.

Wed, 07/13/2011 - 09:43 | 1451352 DaveyJones
DaveyJones's picture

plenty of room to buy then

Wed, 07/13/2011 - 07:42 | 1450993 Twindrives
Twindrives's picture

Obama, eat your peas bastard.  We have gold. 

Wed, 07/13/2011 - 07:48 | 1451011 SheepDog-One
SheepDog-One's picture

And even more important, lots of guns.

Wed, 07/13/2011 - 09:48 | 1451363 MachoMan
MachoMan's picture

He has more and better trained people to use them...  I think the better argument is that we have more cannon fodder and a genuine desire for change...  the latter being about all that is necessary to effectuate change (although the bar keeps getting set higher as our killing/confinement machines keep getting more advanced).

Wed, 07/13/2011 - 09:59 | 1451386 DosZap
DosZap's picture

He has more?, no we have far more...............we are Legion.

But, is the will there?.

We shall see if it get's too onerous.

Wed, 07/13/2011 - 10:02 | 1451399 Clay Hill
Clay Hill's picture

 

Agreed, sir, we have many, many, more.

Now, if we could work out that air power thingy...  :-)

Wed, 07/13/2011 - 10:00 | 1451383 DosZap
DosZap's picture

They already have a MAJOR contingency plan for that.

There is a lot of Under the Radar backdoor regs fixing to come out via Exec Orders.

Obama and the Brady Bunch, and company are all working feverishly to aid us in their removal.

Obama just allowed passage of the two longuns a week act,so the BATFE boyeez can track the southern states.

sales.

You know like Fast n Furious.

LOL

Hypocrites all.

Wed, 07/13/2011 - 07:44 | 1450997 bigwavedave
bigwavedave's picture

update the chart Tyler. i dont think i have seen supression like this in 20 years.

Wed, 07/13/2011 - 07:45 | 1450999 DiveGerl
DiveGerl's picture

I have a hard time believing this rise is not a coordinated and planned one! Or is just time for everything to finally go to hell in a handbasket?

Wed, 07/13/2011 - 07:49 | 1451016 SheepDog-One
SheepDog-One's picture

Ive never heard of central banksters, politicians, or financial media whores wanting gold to go up, ever.

Wed, 07/13/2011 - 10:44 | 1451601 FeralSerf
FeralSerf's picture

I've not heard of eaters wanting food to go up either.

Wed, 07/13/2011 - 07:53 | 1451026 Internet Tough Guy
Internet Tough Guy's picture

Volatility is very low; gold is being walked higher.

Wed, 07/13/2011 - 07:56 | 1451037 francis_sawyer
francis_sawyer's picture

"being walked higher..."

BINGO (see longer comment below)

Wed, 07/13/2011 - 07:48 | 1451014 bigwavedave
bigwavedave's picture

i urge all those who are long gold. phone your dealer now and as for a quote. BID only quote please. or else you are gonna get stops run way below... this is insane action!!

Wed, 07/13/2011 - 07:50 | 1451018 SheepDog-One
SheepDog-One's picture

Im not 'long gold'. Im 'hold gold', for when they blow apart this stupid dollar with their maniacal monetizing.

Wed, 07/13/2011 - 08:03 | 1451060 Ricky Bobby
Ricky Bobby's picture

+1

Wed, 07/13/2011 - 08:15 | 1451093 bigwavedave
bigwavedave's picture

yeah you hang in there old timer. why not just give a heads up to some other readers who might just be tempted to jump in some paper gold on this move? right.. coz you only give a fuck about yourself.... enjoy!

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