• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Gold Surges On Reminder It Is The Only Currency Without Liability And Counterparty Risk

Tyler Durden's picture

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Wed, 07/06/2011 - 09:14 | 1429242 Robslob
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It's whats for breakfast!

Wed, 07/06/2011 - 09:24 | 1429287 TheFourthStooge-ing
TheFourthStooge-ing's picture

Gold: it doesn't depend upon the full faith and credit of habitual liars teetering on the edge of bankruptcy.

(Also, unlike equities, it isn't held for you by Cede & Co.)



Wed, 07/06/2011 - 09:35 | 1429322 GetZeeGold
GetZeeGold's picture


Give me some gold.....hold the habitual liars teetering on the edge of bankruptcy.


Wed, 07/06/2011 - 09:50 | 1429386 Thomas
Thomas's picture

I am sooooo long gold that it had better rock 'n' roll.

Wed, 07/06/2011 - 11:05 | 1429682 DosZap
DosZap's picture

IF you do not have it in your hands, your just getting more fiat crap.

Of course unless your using the proceeds to acquire it.


Wed, 07/06/2011 - 16:52 | 1430869 tiger7905
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Rob McEwen interview, he notes the ETFs have cannibalized the miners, noted Barrick Gold has dropped from 2.2X NAV before ETFs to 1.1 X after ETFs.


Wed, 07/06/2011 - 11:48 | 1429876 trav7777
trav7777's picture

Gold holds value.  Don't expect to get any richer than you already are

Wed, 07/06/2011 - 11:52 | 1429901 Thomas
Thomas's picture

Only true long term. In the shorter term (decade for example) gold can move either direction. The sixfold gain off its low is anything but just holding its value.

Wed, 07/06/2011 - 12:47 | 1430121 Smiddywesson
Smiddywesson's picture

Yes it holds value, but it also is transferable into more or less goods depending upon the value of everything else, so we might want to ignore the academic and recognize that gold can wax and wane in price.

The central banks have complete control over price when the monetary system is healthy, and near complete short term control when it is sick.  When they have all the gold, are you implying they will continue to hold down the price?  With all their debt, we are lucky if we don't see $60k an ounce gold.

You can argue about the $60k target, but the greed of these people, their power to control the price, the change in their position with respect to price rises, and their utter desperate need to dig themselves out, undermines your assertion that gold won't continue to outperform.  It's the trade of the century.

Wed, 07/06/2011 - 10:11 | 1429474 Urban Roman
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Actually it was Waddell and Reed.

They called up Tulving this morning and orderd three 2008 Krugerrands.

Wed, 07/06/2011 - 11:29 | 1429789 NotApplicable
NotApplicable's picture

Of course, he sent them on to APMEX since his minimum is 20.

Wed, 07/06/2011 - 09:26 | 1429289 Cash_is_Trash
Cash_is_Trash's picture


It's whats for dinner!

Wed, 07/06/2011 - 09:31 | 1429316 Long-John-Silver
Long-John-Silver's picture

If you eat too much you could turn blue.


Real-life ‘Blue Guy’ shrugs off his skin color


Wed, 07/06/2011 - 09:37 | 1429335 john39
john39's picture

that guy is plant to discredit colloidal silver. the silver he took was made poorly, with extremely large silver particles. I have been using colloidal silver for years now. far superior than the useless drugs that big pharma pushes on the people.

Wed, 07/06/2011 - 10:15 | 1429491 I Got Worms
I Got Worms's picture

+1 That dude was making his own stuff with a car battery or something, and drinking gallons of it. I love when people trot this guy out when I recommend colloidial silver when folks I know get sick. The media has folks scared shitless of it now.

Wed, 07/06/2011 - 10:18 | 1429509 pods
pods's picture

I second that!  CS is a fantastic antibacterial, but homemade CS is dangerous as you make a large amounts of ions.  In a pinch it can be used, but better to buy CS.  For the work it does it is cheap.  If you do make your own, a quick test of the ion content is to add a bit of salt water to your solution.  If you see precipitate, you have ions.

Also high doses of Vitamin D in winter will help with viruses, which I have found CS ineffective against.


Wed, 07/06/2011 - 10:29 | 1429553 Pinktip
Pinktip's picture

Best source of Vit D is sunlight.

Solariums were built to sunbath in winter

(to fight  Tuberculosis)


Vit D is what your immune system runs on.

Wed, 07/06/2011 - 13:33 | 1430267 A Nanny Moose
A Nanny Moose's picture


Wed, 07/06/2011 - 17:32 | 1430951 greenbear
greenbear's picture

I didn't know that.  Makes sense.  Thanks for the info!


(The part about the solariums, that is!)

Wed, 07/06/2011 - 11:00 | 1429656 Raymond Reason
Raymond Reason's picture

I have a Romanian ex-pat friend who turned blue from CS.  He drank huge quantities for months.  That was 10 years ago, and he had no other side effects other than zero tooth decay since. 

Wed, 07/06/2011 - 16:57 | 1430875 Diogenes
Diogenes's picture

I know a guy who took colloidal silver for years and turned blue. Well not totally blue but when you get him in the right light he looks like a zombie.

This was commercially made, bought through regular channels not some home made stuff.

Even so I believe it to be a good medicine for certain conditions, just dont take too much of it.

Wed, 07/06/2011 - 10:03 | 1429444 thunderchief
thunderchief's picture

I do not know why you would buy an ounce of gold, when you can buy 40 ounces of silver for the same price.  40 ounces.  That's a couple pounds folks.

Wed, 07/06/2011 - 10:21 | 1429520 pods
pods's picture

The reason is exactly what you stated.  It is a couple of pounds.


Wed, 07/06/2011 - 10:34 | 1429573 thunderchief
thunderchief's picture

You just wait.  You'll be eating those words, and my kitty litter in the morning.

Wed, 07/06/2011 - 10:40 | 1429594 Boxed Merlot
Boxed Merlot's picture

40 ounces...

Some don't want all the carbs.

That's a couple pounds folks...


Wed, 07/06/2011 - 11:02 | 1429671 Raymond Reason
Raymond Reason's picture

The only reason i can think of is smuggling it through customs.  But maybe diamonds sewn in shirt sleeves would be best for that?

Wed, 07/06/2011 - 12:08 | 1429974 FeralSerf
FeralSerf's picture

Thanks to modern technology diamonds can now be made comparatively cheaply that are indistinguishable from natural ones.  If you want to smuggle, get an airplane like the rich white guys have.

Wed, 07/06/2011 - 11:07 | 1429687 SilverRhino
SilverRhino's picture

Portability.  Try carrying a year's worth of income in silver if you ever have a forced relocation.


Wed, 07/06/2011 - 11:55 | 1429916 Thomas
Thomas's picture

About 20% of the population could carry a year's income in their palm.

Wed, 07/06/2011 - 11:10 | 1429700 DosZap
DosZap's picture

Own both, but the reason for Gold over Slvr is volatility, and bulk.

Silver is a LONG term investment, if your in your 30's/early 40's sure, go ahead.

But Gold is money, and CB's hold Gold.......there is a reason.

Wed, 07/06/2011 - 11:46 | 1429869 thunderchief
thunderchief's picture

You Numb-nutters are not getting the point.  Silver is produced at a 15:1  ratio to gold and above ground supply is less than gold.  Wrap your melon heads around that for a few infomercial moments.  When the price of Silver corrects back to its base ratio, it will drive much lower given there is not 15 times as much in above ground supplies, and it is used today for you name it.  It is the second most consumed, and univerally used commodity behind petroleum.  That is why its price is so suppressed.  If it moves to its proper ratio it will become a true monetary metal and It will go into the single digit ratio to gold.  And then you will all be crying with Kitty litter all over you chins.  Sad but true.

Wed, 07/06/2011 - 11:50 | 1429892 trav7777
trav7777's picture

Silverbugz are quite clearly speculators who whine a lot

Wed, 07/06/2011 - 13:06 | 1430166 tmosley
tmosley's picture

Say the ultimate hypocrite who owns silver himself.

Wed, 07/06/2011 - 13:43 | 1430294 malikai
malikai's picture

There are a lot of speculators among us. There are also a lot of weak hands who get burned regularly playing the paper markets.

Wed, 07/06/2011 - 15:52 | 1430739 trav7777
trav7777's picture

you can own shit without being a SPECULATOR, dipshit

Wed, 07/06/2011 - 12:22 | 1430024 JOYFUL
JOYFUL's picture

this is good.  Very Good....just what we need right now!

BBig Balls...lot's of strut n crow!... keep it comin bro! 


Wed, 07/06/2011 - 14:37 | 1430482 Troublehoff
Troublehoff's picture

we will see what the real price of silver is when the dwindling metals exchange inventories finally hit zero oz.



Wed, 07/06/2011 - 18:45 | 1431115 barkingbill
barkingbill's picture

hey dude just buy some copper, or hell why not even iron...you can get some pounds of that too....so uhm.....hey you know what, buy agriculture....wheat you can get bushels of that stuff man very cheap....or hell....what about water?

Wed, 07/06/2011 - 09:16 | 1429249 qussl3
qussl3's picture

This pop smells.

NFP on friday, markets up on hopium, dollar still weak as shit.


Wed, 07/06/2011 - 09:20 | 1429269 SheepDog-One
SheepDog-One's picture

Every day it gets harder for them to manipulate the no-player Ponzi. Soon Wall St will start devouring each other.

Wed, 07/06/2011 - 09:28 | 1429296 Caviar Emptor
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Parents will eat their children

Wed, 07/06/2011 - 09:33 | 1429320 Long-John-Silver
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I never understood why animals would sometimes eat their offspring until my Wife and I had one.

Wed, 07/06/2011 - 09:52 | 1429397 tao400
tao400's picture

I have a 16 year old girl and i can't wait till she gets the fuck out!! All I am to her is an ATM machine. Get absolutely nothing back. I can't wait to see her face when she gets to college and she goes to use the debit card and the balance is 0 and I don't take her call.

Wed, 07/06/2011 - 10:00 | 1429434 Abitdodgie
Abitdodgie's picture

You can feel the parental love , do what I did buy a big farm that way they will never find the bodies.Both my children went to live in ,well who cares.

Wed, 07/06/2011 - 10:31 | 1429562 Pinktip
Pinktip's picture

I built a farm so the kids actually work for what

they have. Nothing more humbling the shovelin sh#T...:)

Wed, 07/06/2011 - 10:47 | 1429618 jomama
jomama's picture

Great primer for the job market out there waiting for them, as well.

Wed, 07/06/2011 - 10:01 | 1429439 GetZeeGold
GetZeeGold's picture


Sounds like a Brady Bunch reunion.



Wed, 07/06/2011 - 10:20 | 1429517 CH1
CH1's picture


Let the girl work and get acquainted with the real world. (Yeah, yeah, you pay for food, etc.)

Wed, 07/06/2011 - 10:47 | 1429622 tao400
tao400's picture

I will when she hits college. It is too late now to cut it back. I have put her on notice so she knows her time is coming but doesn't quite get it.

Wed, 07/06/2011 - 11:18 | 1429733 DosZap
DosZap's picture


Stand firm in that resolve.

When my son and daughter were 15, I sat them down and told them, your Mother, and & I are no longer going to support your lifestyle.

We will buy you fashionable clothes, and you will be well dressed.

BUT, if you insist on Air Jordan's, and $100.00 blouses,(v.s a $100.00 complete ensemble) you WILL get a job NOW.

They were not willing to be different so they went and got a job.

My son learned very quickly the value of work, v.s.high dollar BS.

My daughter never did.She is still broke, and married to another broke man(who got used to a 200k a yr lifestyle), no kids.

But now the chickens have come home to roost...........

Some learn, some do not.

So be it.

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