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M2 Surges By Biggest Weekly Amount Since 2008 As It Hits Fresh All Time Record
Desperation kitchen sink anyone? The M2, which up until now was merely diagonal, is about to go parabolic. In the week ending 1/17/2011, Seasonally Adjusted M2 surged by $46.6 billion, the biggest weekly increase in the broadest tracked monetary aggregate (ever since the cost-cutting associated with discontinuing the M3) since 2008. One look at the chart below indicates precisely what is fueling the endless market ramp. Furthermore, for those who realize there is a 93% correlation between M2 and gold, we would certainly recommend putting on the M2/Gold convergence trade on.
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Just got back from the mailbox - no M2 there. Cit!
Nice +1 = The Bernank needs to show mynhair da LOVE
So Egypt has shutdown the internet in advance of tomorrow's mega protest and now:
US Senate to reintroduce Internet "Kill Switch" bill...Somebody's taking notes....
http://fedupmontrealer.blogspot.com/2011/01/us-senate-to-reintroduce-internet-kill.html
Totally coincidental -- either that or it's the fault of jews or boomers or both. Maybe jewish boomers? ;-)
Now hacker group Anonymous joins the fray and launches "Operation Egypt"
Here's the video of their announcement:
http://fedupmontrealer.blogspot.com/2011/01/anonymous-hacker-group-joins-egypt.html
Privacy Invasion
photos reveal location when posted on the internet
http://abclocal.go.com/wabc/video?id=7621105
El Baradei is the shill pawn of US Dept of State posing as a concerned Egyptian. He's there to try and convince moderate groups and spread the gravy around to get a pro-US government elected
And debka now reports that The Muslim Brotherhood is joining the "rebellion" tomorrow.
http://www.debka.com/article/20598/
This is about to get really interesting, really fast.
Kill Bill?
What do we ZHers do if they nuke the iNterWeBZ?
Do we communicate by carrier pigeon, or Native American smoke signals?
Might consider a single sideband radio stashed in the closet. Just in case.
So much business would be shut down, including the supply systems, that getting your internet fix will be the least of your problems.
At the same time, it would give rise to hackers building new communication technologies, or re-using old ones, over whatever communication medium is still available.
Watch Egypt, should redefine the record books for dumb unforeseen consequences for Govt intervention
I had some M3 in a CD, but it evaporated somehow.
It's because they sucked it back in overnight. Just takes 15 min according to the Chairman.
Gooold Bitchez....!
It's on like Donkey Kong!
Tax refund direct deposits bitches!!
Exactly. Notice the corresponding spike last year at this time.
Nothing to do here.
Yeah, quite a few folks at work are complaining that they got back less than last year. Cc's to be paid down this Q?
Binary database fiat dollars BITCHEZ!
As valuable as that hot babe you are chatting up who is gay.
(gold)
All you that picked up NEM at 55.05, junk away!
Where's that crazy potato?
http://www.youtube.com/watch?v=7zeTiQ17NIo
Will M2 affect my SNAP card? How about my EUC checks. Been without work for over 2 years now. Plenty of jobs around, I just want other peoples money. It smells like......victory.
plenty? that seems a stretch.
So we have M2 going parabolic and Gold going the other way. Hmmm the faster something in a bull market goes down, the more it tells me we are close to capitulation and a wicked catch-up rally is a coming. I love me some good ole fashion bearishness. Where did all the gold bulls go?? I think those guys are called the weak holders. Buy buy buy
Gold bull present! Well, at least for the miners. Capitulation is not allowed - just ask the JP Morgue.
I'll sit it out. Someone's got to remember the Alamo.
Fools & their money are soon parted? Actually a 'convergence' trade may be a very good bet here. Gold futures spreads are showing some very deja vuish patterns.
Care to extrapolate?
Where did all the gold bulls go??
to the coin store, of course.
turning some more paper into some real currency -- by the way, did they take the nickel out of the nickel yet?
FYI, Just the facts. A U.S. nickel is only 25% nickel, the other 75% is copper. But your point is very valid. It's melt value is almost .07 each. Copper pennies are almost worth .03 each. Copper pennies are from 1981 and back. In 1982 they actually made both copper and the copper coated zinc variety we have today. Nickels also had a wartime variety which was made from 1942 to 1945. These had 35% Silver, 9% Manganese, and 56% copper. I'll stop here or it might be TMI.
1942-1945, wartime variety, 35% silver nickels FTMFW!!!
long as M3 doesn't get revealed we got every tin pot dictator in the world with a bank account full of dollars.
You would be amazed by how many sell outs there are.
This would worry me if I didn't know for an absolute fact that there is no inflation. That's what Uncle Ben told me and I'm sticking to his story.
Benny Bernutty can sop that up in like 15 minutes! He just has to sell the PD bonds he's been buying for a huge premium and all that very tasty Mark To Model MBS he's got stuffed in the vault...Everyones gonna buy that crap when the Feral needs to sell it right?!?! Right??!??!??! Anyone??????
Right and 15 minutes is by Ben's definition an "extended period."
That's sure a lot of fiat sloshing around....enough to cover all the bets on the crap table.
I got your m2 right here:
http://dfbrigade.org/files/images/m2_50cal_0.JPG
When ya wanna reach out and touch someone... :>D
Everything is bullish.
The pig Market never goes down.
BTFD YFI.
Well, isn't that the point, print money to expand the money supply? Let's get Ben a "Mission Accomplished" sign.
Let's get him a "Heckuva job, Benny." T-shirt as well.
I know parabolic is a word, but it surely doesn't need to be splashed around in every damn article, does it? Really?
Ok, how about 'hyberbolic'?
even fucking better!
One week up does not a parabola make. Now if it does the same next week, and week after that, and the week after that, then you're talking para-fucking-bolic; until that happens it's just para-bollocks.
Money supply growth has gone parabolic. It took us from 1620 until 1974 to create the first $1 trillion of US money stock. Every road, factory, bridge, school, factory, and house built, every unit of economic transaction that ever took place over those first 350 years required the creation of $1 trillion in money stock. But it only took 10 months to create the most recent $1 trillion and I don't recall seeing an entire continent's worth of factories, schools or bridges built during that time.
http://www.marketoracle.co.uk/Article258.html
Even just from 1959 to 2006, it looks approximately parabolic:
http://www.economagic.com/em-cgi/charter.exe/fedstl/m3ns+1959+2011+0+1+1...
Setting the chart to start at 1995 made my hemorrhoids flare up.
Yes. No new infrastructure on which to build a future for our kids. No new nothin'. Just a bunch of empty Mc-Mansions and bankers in Gulfstreams.
Rampant acceleration of M2 and flat to falling BDI (90% off the 2008 high practically) means we got deflation on the one hand and crazy ass money printing on the other. I'm not worried though. The Fed has this all modeled to perfection. They know exactly what's gonna happen. Right? (My guess is they'll use the "no one could have seen this comin' excuse again.)
Maybe that guy from Casenove was right, "I think not owning gold is a form of insanity, it may even show unhealthy masochistic tendencies, which might need medical attention." Better have some food, fuel and water stored too. http://therookiecynic.wordpress.com/
‘…I don't recall seeing an entire continent's worth of factories, schools or bridges built during that time.”
Look’in in the wrong place. It was added over in China. Minus the skim of course.
Bingo
No, but it does make for one more observation in an asymptotic series, with value being the independent variable and money supply being the dependent variable. The asymptote, if you do not recall, approaches infinity, which is where the money supply when related to true value in the system is going over time.
para-bollocks, lmao!
I'm in with "diabolic"
how about y=x*(1.05)
how about "insane". insane is a word but i like it.
diabolic is cool too.
..."the market went diabolic today on news robotTraders mom was seeking new lovers"...
Any votes for direbolic?
Well, next week will be superballic
i was just thinking the same thing....
right up there with my all time annoyfav 'wiemar'
i swear if i hear it one more time......
Annoyfav? Nice construct.
i'll say it....Whymar. ;-)
Because it is. The parallelogramisms are un-avoidably in one's face, ne?
Momentarily, I'll have a lapse of reason.
ORI
http://aadivaahan.wordpress.com/2011/01/27/wisdom-for-warriors-6/
AMZN down 10%
NFLX up 15%
HFTs swapping partners.
Hey, what is the world coming to? There's not even any level of commitment among the HFT brides anymore.
Robottrader should have to say a thing or two about that.
AMZN's tech must have got stolen, netflix? I'm not sure, only chumps or console cretins use that service.
Has Shadowstats updated their data with this yet? I wonder what his M3 chart looks like with this latest M2 included.
Has anyone asked B. S. Bernanke what is the objective of this QE...of course the proverbial "wealth effect" but oil at $150/barrel is not going to grow the economy...I fear he is so invested in this nonsense he will not stop until something blows.
Has any banker ever stopped issuing promissary notes when others are clamoring for them?
The most recent version of quarterly the Shadow Liabilities, which is far more "aggregating" than M3, showed that per the Z1 there was an upward inflection point for Q3 data for the first time since Lehman. Safe to assume it is continuing.
Deflationists Take Note: Bernanke Succeeds In Offsetting Shadow Banking Collapse
Thanx for the remind. Benny and the Banks looked around the card table and quickly identified the sucker. The US Tapayer. That was easy.
The hard part is to get the sucker to leave the table peacefully and go home to his wife to explain why they can't afford groceries for a couple of weeks.
Excellent Tyler, how else will they pay off their debt. With cheaper dollars for sure. Not with real money, like Gold or Silver.
Footnote: Somebody should tell Robert Prechter that he is so 1929 by selling the deflation argument.
Surely we will have hyperinflation first.
Extending that M2 line means we putz around this level for another 4 days, then start the march to 1360. It's all pukable.
Did anyone notice that Social Security came out today and said that it will be running a deficit from here on out? It wasn't supposed to go permanently cash flow negative till late this decade. "Solvent" till 2037, but that looks iffy. Late 2020's at best.
Noticed, yes. Care, no.
I want to see jail terms!
"Solvent" only if the deficit is made up by Treasury.
Greenscam said they could guarantee your SS payment, but not it's purchasing power.
Solvent Greenspan is people!
+1
better be solvent than soylent
It's because the original projections forecast never ending growth and prosperity, the same thing all government "solvency" projections are based upon. What irritates me is how the conservatives and Republicans are missing these data and the opportunity to use them for real reform. For my whole life I have heard of the cost overruns and impending insolvency. In the 80's we did a massive hike of the SS withholding. It just kicked the can down the road. Now we are playing with stupid ass ideas like raising the retirement age and taking the cap of the taxable pay. All still stupid ideas from economically stupid elected representatives. Frankly, it all has to crash and people have to realize that all this "cash", stimulus and overspending is on their personal credit card the same as identity theft, where someone runs up your credit without your knowledge or permission.
It needs to and will crash soon, I think.
Geezus, had to run downstairs and snap the TV off. Some baldheaded dink talking about stocks. Does anyone listen to "Craner" anymore. Where is my Nielson thingy with some leveraged M2 attached...
"Does anyone listen to "Craner" anymore?"
Yeah, the people at the Citigroup Yahoo message board.
Is there a corresponding drop in the velocity?
You can count on it.
do robots suffer the herpes if they co-mingle?
Wouldn't short M2 against Gold, State Street just put M2 on the hard to borrow list.
So it's working!?! Ben's got that working for him.
Be suspect of charting that closes down time frames to within a small range to add effect.
So I can have more money now?
Dr. Rand Paul...Dr. Rand Paul, please review the chart & pick up the white courtesy phone stat.....(Perhaps the Bernank fell asleep on his keyboard & invoked the Hyper-Print process - Where is WB7 when you need a picture?!)
Silver will rise through the Asian and European night, annd trade at $27.20 going into the first NY minute. Then it will go up, up to $27.60 and finish there. There are some major waves ahead in the financial market, and do not think davos can part the seas forever. A wall of worry will hit Spain and Portugal in the form of a Euro crisis, but Muni Madness will soon take the dollar to the ground. The best of thieves knows to go for the gold. WHo the burgaler is depends on the mask worn, maybe more. Either way it goes when the coming months go round, the silver moon and golden sun will still be.
Better get More Critical Thinking on this thread. He says the USG is good for all its debt obligations. That said, I have no idea why gold and silver have averaged 18% and 24% YOY for ten years running.
And where's Abiggs, Spalding and GloomBoomDoom to smack me down on my bad gold calls? Pile on, I can take it. $1000 to $700 was far worse than this li'l hiccup.
$1000 to $700 was far worse than this . Really? my houe is worn thin onthe desflat. can livei n a gold cave. how you hopus doin?
Care to speak english for those of us who don't do gibberish?
Cheap tequila again.
The US is good for its debt, but that does not mean it will be repaid in dollars that are worth as much tomorrow as they are today. Do you still have no idea why other traditional "hard" currencies like gold and silver might be "appreciating" in relative terms over a period of significant debasement of the USD?
11:50 a.m. You're pretty damn close. Ag at 27.54 right now on a sharp rise this morning.
Sort of off topic. Check out he XLF 5day chart. That trade looks heavy to me. Wanted to pick up some C. I think I'll do it on risk off Friday.
I'm not sure where you get the 93%. I just ran the monthly figures from 1980 and the correlation is .67 or 44% of the change in gold is explained by the change in M2. Money velocity correlates higher. Either way the correlation implies a breather for gold. Despite the scary one year red line M2 has only gone from 8,500 billion to 8,850 billion a one year increase of a whopping 4%!
I know you're pumping hyper-inflation or stagflation but it aint happening until money supplies start increasing faster than 4% and until money velocity stops declining. For that you need demand, complete abandonment of the dollar, or huge GDP increases.
I don't see them happening. How can you have abnormal inceases in M2 without increasing demand or GDP? None of the hyperinflationists can explain this. If M2 increases its because Joe the plumber is getting on the pd's QE action and initiating money demand to be spent on commodities or stocks. if the M2 growth is based on this and not true demand/growth then its just going to some bubble that's gonna pop.
In Oct of 1979 when Volcker announced rate increases gold was below $400. You could have waited for his announcement and for a few more months and still caught the ride that doubled gold.
Do we have a Volcker out there? NO!!!!!! I wish we did - but remember Volcker's rate increases cleansed the system by flushing hundreds of S&ls down the tubes at a cost of a couple billion dollars. It needed tio be done - but who's gonna flush three times as many banks along with the pd's and a book loss of trillions? President Paul? I don't it's gonna happen.
My understanding of hyperinflation is a loss of confidence in the monetary system. Of course, inflation depends on the increase of money supply, but hyperinflation is a different story. The public can't spend their cash fast enough to avoid further losses.
I like your take on this. Your comment re: Volcker caught my attention because somehow raising interest rates "wrung out" inflation is taken for granted as accurate. Please check out an alternative view on Big Paulie's handling of the Fed during the early 80's:
http://www.polyconomics.com/ssu/ssu-050318.htm
In June 1982, Mexico advised its U.S. banks that it could not pay its dollar debts because the oil price had declined when it was supposed to have risen -- and Mexico depended on oil sales for hard currency. This would have meant bankruptcies of some of our major banks and a likely Depression rivaling the 1930s. Volcker went to Treasury Secretary Donald Regan and told him he would have to buy Mexican bonds with fresh dollar liquidity, so that Mexico could pay the U.S. banks. He also told Regan he could no longer aim at the monetarist targets. I not only assured Volcker (and Polyconomics clients) that easing would cause the bond market to strengthen, not weaken as the monetarists predicted. I also bought government bonds and made enough money in a few short weeks to build a wing on my home in Convent Station, N.J., which I named “The Volcker Wing.” The recession ended and the Reagan boom began.
This is interesting as well:
Volcker's October Deflation
Jude Wanniski
November 2, 1983
http://www.polyconomics.com/essays/esy-831102.htm
Just tossing this link into the debate
http://www.bloomberg.com/news/2011-01-27/china-s-gao-says-quantitative-easing-is-devaluing-money-stoking-inflation.html
Can't wait to hear Mish tell us that this is deflationary.
All I know is I got like a year of savings, and a shit load of people who are doin worse than me. Good luck bitches.
hehehehehe! Acceleration of paper fiat systemic breakdown! Promissory notes, bonds, world wide monopoly currency redemptions, contracts, and jokers behind every counter party risk, destined for massive default under a daisy chain implosion!! The intrinsic value of paper money gets a no vote soon as all credability of a corrupt fraudster bankster disease gets axed and thrown into the garabage dump of failed human experiment! Turd herding the masses through fear & greed no more!! Another purging! Another historical cycle ending in human disaster because parasites consumed the host! Happens everytime the rat basturd banksters crown themselves masters of the universe and forget we all have value or none of us matter!! Left with nothin but an obilterated scorched earth with some few faithful souls left to rebuild freedom all over again; by the people for the people!!
You're an optimist but still . . thanks!
If you want your mind stretched even more, get a load of this...
http://redactednews.blogspot.com/2011/01/americas-dirty-secret-how-psycho-sexual.html
I like Gordon Duff. The man is no Duffer.
ORI
Thanks for the link ORI. I've been aware of the Air Force cult weirdness for many years. Ever notice how much that "church" pictured in the article looks like a row of ICBMs? I've heard stories from women who lived in Colorado Springs and dated cadets.
Check these out:
http://goo.gl/Tp7b
http://goo.gl/jHhOp
or just google "air force academy religion"
Back in the early 80s they named an ICBM carrying nuclear submarine "Corpus Christi." Think about that one! Due to protest from non-fanatical clergy, it was renamed City of Corpus Christi.
http://en.wikipedia.org/wiki/USS_City_of_Corpus_Christi_%28SSN-705%29
I'm not even remotely interested in XAU. I would not be surprised it it takes a ahandle around 1275. The 200 daily sma and a daily decending trend line converge in that area.
Nothing new here....same ol same ol Pump & Dump......Two words to live by in 2011 ...Food & Ammo.
Torah! Torah! Torah!
Bitchez
gold blowtorched again tho
time to stop reporting M2
Gold down again AH, margin calls flooding in.
Everyone who even suggested gold might go down someday has been flamed on here. If the selloff has legs I want to see some butt kissing apologies.
Buy the deep dips. India has weddings in June.
That's bullshit. Every hardened Goldbug knows the game going on here. It's called buy and hold your physical. Trade the futures, options, ETF's, stocks at your own peril.
So BTFD? Absolutely, accumulate all you can. This Golden Bull has plenty of legs despite this HUGE drop of 7% the last 30 days (sarc). Still up over 20% YOY.
I will not apologize to the anti gold crowd at all. No reason to.
strawman much?
You use that word, but I'm not convinced you know what it means. There was no strawman in that post. He didn't even debate any of your points, or anything related to your points. He just said he won't apologize. In that, he has plenty of company.
No reason to insult me asshole. If he did nothing in need of apology why is he even replying since he has nothing to say?
Gold goes up, that's the way it should be.
Gold goes down then that's manipulation.
There have been many, many obnoxious gold bugs on this site with their heads up their asses. The Hunt brothers had it all figured out back when until they got their asses reamed by manipulation that lasted 30 years. LMAO!! Buy and hold bitchez! It only goes up!!
Who insulted anyone? You just claimed the guy above was knocking down a strawman when he clearly wasn't.
I wonder if that says anything about the general level of intelligence of the anti-gold crowd?
Why's my home price is tanked frend? I ez prayin for flation in my fattest asset
Dude they can only blow up so many bubbles at the same time.
I said nothing about manipulation at all. You stupid assholes don't know what a bull market looks like? Sad.
Why? None of the gold trolls ever apologizes when the latest X% correction isn't the end of the bull run. Not once have I been apologized to. NOT ONCE. Been right for three years, across at least three boards with plenty of gold trolls. The trolls either just vanish or they keep to the same stupid crap telling everyone the bull run is over on every dollar dip. Every time it goes down a dollar, they were "right", and every time it isn't dipping it's a "bubble".
Yeah, those guys can ALL go fuck themselves.
I have never insulted a gold bug in my life. If it goes up good. If it doesn't then tough shit. Oh, that's right, it can't ever go down not never. HAHAHAHAHAHAAHA!
Come on, you KNOW that real bull markets only go up - so obviously the gold bears are right, the bull market is over. Just kiss'em say nice things about them.
AND BUY MORE CHEAP GOLD.
cheeper by the minut
Hey Bill Bastard,
Anyone ever teach you how to schpell?
After some while of RobotTrader observation, my bet is that Robo is a gold bull on the long term.
That does not mean that he can be bearish on gold today.
I became more certain on this after I started following Gary K as advised by Robo.
The interesting thing is that Robo highly respects Gary K who says Gold to 4000 in the longterm but bearish today but makes fun of Jim Sinclair. (whom I highly respect)
I think robo is trying to just tell you that you can be bearish while being bullish and that is probably the right thing to do to make some profit.
*Disclosure
This was posted after drinking serious volume of alcohol by a someone not native in English.
Four percent? I'm stocking my bunker because of a four percent rise in M2 in the last 12 months?
Getting a sip of inflation in the coffee shops in Singapore now. Literally Front page news on the Straits times as Starbucks and friends hike prices 4-5.5%. Thanks Bernanke!
Califony valley R/E cheap. yu cant live in coffey
You know, you take into account J. Dimon's words today, from the pristine mountains of Davos, and you add to that the whole Blythe silver manipulation story/case, and you put a pinch of L. Blankfein's call to go long[er] the Euro [a currency almost certain to fail], and you swish that all around with Blight of America bank toxins and Fred/Fan conservatorship...bake for 30 seconds at 5,000 degrees F...in a Wells Fargo oven...
...and I think the right convergence trade to put on is short banks, long gold [in your favorite form]. I think that is the trade for 2011. Having said that, it might be difficult, what with every freakin' banker for thousands of miles shooting at gold with Bernanke bananas...but...
We all know what the criminal syndicate known as Wall Street has done regarding the 2008 financial crisis, and we all know what the criminal syndicate known as Wall Street is doing with the market right now here in our Banana Republic Tree, a licentious Federal Reserve Chairman at the helm. And we all should know by now that we cannot heal from this crisis because...because...
CAPITAL WILL NOT FORM IN BANKS AS CORRUPT AS THESE!
Adding to the corruption theme here is Ed Steer's comments today. He quotes Ted Butler.
-------
Needless to say, I was very encouraged by the big turnaround in silver and gold prices yesterday...as we are now very close to a bottom...if we're not there already. The precious metals shares [especially the junior silver producers] were proof that there was a feeding frenzy of bottom fishing going on...and that's always a positive sign.
To quote another couple of sentences from Ted's note to clients yesterday..."In short, this was a classic Comex jam-job by the commercials to the downside. Don't be fooled by the now-bearish rhetoric about silver's prospects. News and opinion follows price. Those bearish on silver now, will be singing a bullish tune once prices start to rally. That's just the way the world works."
"The sell-off wasn't invited, or welcomed, by silver or gold investors...or by me. Nor was it a simple case of the free market at work. Far from it. This week's COT report will show just what the most recent COTs have shown, namely, that a very small group of Comex commercials have been able to buy what many leveraged speculative long traders were forced to sell. Without belaboring the point, it is not possible for such a small group of commercial traders to bamboozle so many other traders so methodically and consistently without collusion."
Both silver and gold are under a bit of pressure at the moment [4:29 a.m. Eastern time]...but that's largely due to a 40 basis point pop in the world's reserve currency that began around 7:30 a.m. in London...so I wouldn't read a whole lot into this price action. Gold volume [net of roll-overs] is microscopic at under 6,000 contracts. That's the smallest net gold volume I've ever seen at this time of day. On the other hand, silver's net volume is 8,000 contracts...and this is the first time ever that I've seen silver volume exceed gold volume at any time of day anyplace in the world. It's amazing to look at.
That's all I have for today. New York trading begins pretty soon...and it could prove to be another interesting day.
I'm still 'all in'.
My local dealer is fully stocked with silver inventory...
Despite the screeching hysteria of Eric King and his buddies...
Glad to see you still can't tell the difference between the United States and Europe or the United Kingdom.
Are you really that stupid?
LOL. I wanta get me some generic silver bars.
And some comex approximately 1000 oz bars.
They need to add some I'm Just Guessing gold coins.
http://www.golddealer.com/
Here's robo's california site.
I'l sit this one out too. Someone's got to remember the Alamo.
They're not bad. They hold your check for 3 weeks and only take phone orders during business hours though but your shipping is free. They refuse to sell gold maples any more which sucks. I bought their last eight 4 years ago for $20 over spot. They said the design promoted scratches however they stopped selling the platinum maple too for a long time. They said the market wasn't deep enough. I think they just hate Canadians.
Well well robo's site checks out. No major problems.
However the glenn beck stuff with goldline and gainsville is getting some heat.
http://www.ripoffreport.com/investment-brokers/goldline-internation/gold...
But it makes me wonder why his buddy with the ass pic is trying to pin it on sprott.
Glenn Beck Limps into 2011 with Sinking Ratings AlterNet
Junk silver is getting bid up huge. Pre 1964 U.S. silver coin prices still very high in junk form and BU. This tells me the coin market remains on fire here in the gold old USA. Foreign dictators want gold for their safe passage. American citizens just want silver to survive. BTW Gainesvillecoin came through with that sweet Aztec for me. You should check them out Hephasteus.
Robo,
Outstanding!
Thanks.
Cdad
Tell me about it. I can't get rid of it. I've been eating silver sandwiches for lunch, and making silver stew for dinner. I'm sick of it. I got silver jammed down my toilet. My garbage men are wearing trusses. I tried selling it to Sprott but their warehouses are packed with silver. I tried to bribe them but all I had was more silver.
Damn those are good prices. Maybe I'll buy more.
I shop there sometimes too Robot. When the USA was on the silver standard we would mint 50 to 75 million of oz of silver coin per year. It was our only money. We had fewer people than we do now. In modern times America averages less than 20 million oz and has and has a much larger population who is largely dependent on government cheese and a false economy. Go to Inglewood and get those coins Robot while you can still buy them for a song. You will need them for your old age.
Damn fine lookin' post there Robo! Whistlin' Dixie!
Whistlin' past the graveyard more like it. Hehe
Not seeing an inventory list there in your pretty picture but I will take your word for it. However I can tell you my dealer is out of:
All silver bars and rounds, all silver eagles and all silver maple leafs. They've a paltry amount of Koala and Kookaburra 1 kilo coins and a few 1 oz coins.
There is a 4 week wait for more supplies.
So your dealer is lucky because I am having to scrape the bottom of the barrel here to BTFD. My dealer is missing out on their margin as I will not buy on pre-order.
Bold price increases beginning in NYC: Same Towncar ride as 2 months ago up 50%. Restaurant prices on the rise. Personal care products also.
re: "Can't wait to hear Mish tell us that this is deflationary."
Too funny, frippy!
Mish has chosen theory over reality for some time now. Kind of like Bernanke, but different.