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Mr T Talks Gold On Bloomberg
Mr. T pities the fool who does not buy gold. And having been gobbling up the shiny metal since 1977, Mr T's cumulative return puts about 90% of the hedge fund managers currently in the business to shame, and proves, once and for all, that to be an uber-successful asset manager, a mohawk and a unique sense of jewelry is all that matters. No seriously, Mr T presents what is probably the best defense for gold we have ever heard (just be sure to ingest a lot to quite a lot of booze first), and why it is headed to 5, 6, and more digits very soon. That said, Mr. T, and Gold Promise, will gladly buy your gold.
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The top is in!
WHA CHEW TALK!
I pity tha Fool who touches my Gold Sucka!
I got to 38 and he looks a day older if 30 years...
Tyler sorry, this guy is a fraud, fake mr T
I am so happy that I loaded up on physical before my vacation w/ my wife here in French Polynesia!
At this point, I still say:
L'or putainz, l'or!
I pity the fool's gold!
I believe in the Golden Rule - The Man with the Gold... rules!
You should be ashamed - It goes like this....
He who has the Gold has the KY jelly reserved for the "Big Boys"
You will feel it but it will be payback - Bitch!!!
Top callers ... wrong again ... are either out of their positions or worse, short. Top callers come out of the woodwork for years. The Jon, (NitWits), Nadlers are screaming bloody murder today with Gold and Silver going to these "unjustified" levels. Top callers have been WRONG for 10 years running but their past calls were never as dangerous as now.
Trade very little and carefully, or better, not at all. We now face BIG events that will certainly be "outside the box".... a global currency crisis with dimensions never seen before.
Do you feel "lucky" ... maybe make a couple of good trades and "feel good"? Of course, but the real risk now is being "in" when all hell breaks loose. Being "in" paper is where you will be if you are "out" of Gold.
Where's the upside of trading in and out ... the risk is that the music stops suddenly and only those with Gold and Silver assets will survive. How can anyone recommend playing Russian roulette with your financial future ... your loved ones? This is exactly what top callers are doing. Top callers are assuming that "this CORRUPT system" will survive.
Assume that this current fiat system will die... go the way of every single one before it... die to be transformed. "Money" will be "changed" ... shape... form... value!, and much less purchasing power. Devaluations are about stripping purchasing power... not spreading wealth from helicopters.
"Staying on the Bull" is the hardest thing to do.
If you were bright enough back in 1999 or 2000 to enter the precious metals arena, you have done VERY well so far...But! Yes it is a BIG BIG "but" ... if you now decide "OK I made enough to retire" or whatever, where do you place your wealth?
Exiting and cashing in your gains will only put you in front of the same oncoming train that those who don't have a clue are about to be hit by.
Made a Million? ... now decide to "cash out" for a month or so expecting a pullback in Gold. What happens if you wake up Wednesday to a $100/day move up? And $200 on Thursday and $300 on Friday?
What's your mindset over the weekend?
Sunday night it is announced that Monday and for an indefinite time will be a bank AND market holiday?
You were SO right for 10 long years and are only wrong for 1 day. The people who were right on the most important day of all will survive, you will not. No one knows... (except for the dirty Mafia insiders) when this thing will break apart at the seams. You just cannot trade and RISK losing everything by being on the sidelines in trash cash.
Anyone who suggests that you trade your metals positions are doing a huge disservice and need to have their MORONIC heads examined. If Gold pulls back ... so what...for how long and to what level? You might be right in the short term. But take very little to no risk with your entire financial future. Is it worth the gamble?
DO NOT get cute and think you are smarter than a Mafia manipulated market. There are many many smart traders bankrupted during normal times. Stick to home base and don't let loose of even one ounce nor one share because if you are not right immediately you will be. Who cares if it is "later" and you must live through another correction, this battle's winners will have the power and the money for the next 100 years.
THIS is not a trade, it is a important strategic position that must be in place when the music stops if you expect to survive the coming events.
Don't let ANYONE fool ... con ... you into giving up the only asset that will protect you.
Viva LeMetropoleCafe!
exactly, bitchez.
You haven't seen nothin yet sucka!
Why does he have a Brazillian on his head?
How much is a brazillion?
$250 for 2 girls for 4 hours (including hotel room).
ROTFL!
No wonder we offshore jobs.
i laughed and laughed last night after reading your comment, AL. do you mean a brazillian wax job? cause you know what, it looks like the kind of wax job that i get. though my pubic hair is sorta light brown not wirerly like his. but the sides of his shaved head kinda looks like the pussy area.
If that were the case, gold would have topped in 1976.
bingo!
Yes, the top in fiat's.
Did you actually watch the video, or read the article?
His company will BUY your gold. They'll probably pay you 25-50% of it's melt value in shiny green pieces of cotton and ink. And no, you can't eat those either.
Actually, FRNs are part of a high fiber diet.
www.Gold-Silver.US/forum
When I bought mine in 2003 nobody ... I mean nobody was talking about buying gold. Now I see signs to buy and sell gold in the mall and in the media. And Mr. T is awesome. I love the guy. I'm just saying that maybe an intermediate term top is in. There is just way too much bullish sentiment. Don't get me wrong, I think everyone should own some gold.
Fair enough. There's no question that there is more awareness now then in 2003. I remember when "gold was dead".
It's also possible that this sort of stuff is a psyops move to discredit the move in gold - which is the enemy of the fiat CB's.
I personally think this move (from 1100 to 1370 and the 30% 6-week move in silver) represents the 'elites' moving their money out of the system. The little guy isn't buying gold. They're too busy paying bills. Sure, there could be a short-term pullback, but the fiat scheme is coming apart at the seams...
In a credit crunch debtors need cash. They sell everything to stay solvent. Including gold.
Yep J6P will sell his gold, his jewelry. I strongly doubt many people have a roll of maples leafs sitting in their closet. Ask around in your normal life if people are holding gold, that should tell you what you need to know. Or have you overheard conversations about gold when at lunch? The average person's gold holdings are in their jewelry. Oh and American jewelry is garbage, 14k is a joke. In Asia they party with 22k.
@Shameful. I have always had a interest in PMs. Since they removed silver from coinage in 1964. Yes, I am that old. Being a season ticket holder of a hockey team. I bought a couple rolls of Canadian Silver Dollars. Oh, they are $5.00 face value now. Why, because they had a special run for the Olympic Hockey players on the back, (2010). Let me say, our team finished high in the playoffs. But what really shocked me was I offered a few to some other fans at cost. No takers at all. Whooooo. At cost to me. Then a little over 20 bucks. So I asked to others. Do you own any silver and or gold. I could not find one person who said yes. Except for their crappy jewelry. The public does not own PM's. Period.
nks for the story. My mom used to grab some silver coins when she worked as a clerk. Hell my folks even picked up a little gold/silver in the late 80-90s, but they got sucked in by the neocons and stopped. Damn Bush, if Gore would have won my parents would have bought with wild abandon.
Most people don't have any, hell my dad was skeptical so he asked his stock picker friend. Guy lost over 100k in the market crash in 08 and he told my dad I was insane and gold would not go anywhere, well it's up well over $300 since then. Only other guy my dad ever knew who bought gold was some crusty old surveyor in the 80s who put all his savings in gold. I'm convinced a lot of this move in gold is moderate sized players (money but not big boys) scrambling to get in position, the emerging market central banks, and a handful of normal people. Eventually the public is going to wake up about pms, and that's when I expect to see 100+ dollar moves a day as routine, that's when the bubble start.
Shit in all honesty I want gold to CRASH. And not just so I can by more. I would be thrilled beyond imagining if America could get it's budget under control, bring back jobs, and be the America of the past. I would gleefully take a 80-90% loss if I could live in that world. Gold moving up is a consolation prize that the world getting past to my generation is going to be a lot rougher then the generation before me had.
word.
yep
word squared
I'm a neo-Jeffersonian but the tsunami-collapse will wipe out any hope for objective thought in the next decade. Damn.
Only hope is to "Shrug" and bear it.
Is there an ideal sell point for PMs for a last-minute conversion into other tangibles? Stated simply, if silver is at $200 shouldn't I be out buying up buckets of wheat, bullets, bandaids, and firearms before it all "catches up"?
Seriously, can anyone figure how our nation will maintain cohesiveness with urban centers touting the highest concentration of tax feeders? I just don't get it; I can't figure the math. How do we maintain order when we can't feed all those people anymore?
A friend of mine (anecdote alert) recently explained a few of his longtime friends are returning stateside after sour experiences attempting to repatriate to Central and South American locales. They wanted to live like kings and didn't figure in local resentment. Go figure.
Shameful, if I didn't say it before, your posts are invaluable. I don't use that last word lightly. It was very interesting to see you exchange with geopol.
im back. what in the heck is so invaluable about shameful's posts?
it should state. It was very interesting to see your exchange with geopol.
your not you exchange, water wing†
so behave.
LOL
Nice try, but no cigar.
My dad set aside a huge mass of silver coins when they withdrew them. He was living in an apartment with a room length closet in the bedroom. He filled it knee high with milk crates full of coins. If the floor had not been prestressed concrete slabs it would have collapsed. He sat on this until the Hunt brothers ran silver up trying to corner the market and sold it off. The resulting cash he used to buy a furniture distributor and an unusual nice condo trailer set in an orange grove in Florida. He had a very comfortable retirement and traveled a lot. If I remember right he had five seperate trips to Alaska including an extensive trip up above the arctic circle. Everybody who knew about his silver thought he was nuts.
Unless they simply default.
Alternatively, there are lots of net creditors/savers at any given time (including likely a lot of ZH'ers). They want a store of wealth. ZIRP means the opportunity cost of gold (interest %) is low/zero.
If you have $10 million in cash, and no debts, wouldn't you put 5-10% in precious metals? What happens when 10,000 investors do just that? That's what I think is happening...
Unless they simply default.
If they default then the loss is passed on to the bank which must write it down. The write down creates a loss on the balance sheet which must be filled with new capital.
In a crisis I doubt that there will be many buyers of gold, even fewer buyers of real estate or stocks. The leveraged buyers (including buyers of gold) will be net sellers. In an environment like '08 - '09 it is best to have cash. In a deflation, cash gains in value. IMO, we are facing a deflationary depression. It is the only resolution to a credit mania of epic proportions. The FED knows it and that is why they are pulling out every trick in their bag. They are desperate.
Right, because nobody ever bought gold in a time of crisis before. They all bought Chinese solars and pallets of breast implants.
Right, it just depends on the point in the crisis timeline. Yes, there will be a panic into dollars... I think we get one last "flight to quality". (this is necessary to have any chance at moving any treasuries). You can see this because pms are shaving gains out every day... even if the market is down, the pms are not down as a % as much... same with dollar increases... pms are just sitting there, staring everyone in the face, calling them liars. This is the cusp of the final hoorah.
In short, there will be flights into dollars until dollars are no longer demanded. While one could be perfectly reasonable to expect a flight into dollars, generally, you must make an estimate as to the dollar's position on the currency timeline. Currencies do not exist in a vacuum. We do have deleveraging and we have deflation, but we concurrently have a currency crisis. In other words, the savers of dollars may be damned (I'm one of them).
If you want to make a short term market call, I think you'd be perfectly reasonable to expect some semblance of a pullback... but, if you're talking anything medium or longer term, I think you're sorely mistaken as to the value of pms...
word.
did you know that breast implants are dropping in popularity? more natural, no surgery type breasts.
see this: http://jacquesmag.blogspot.com/?zx=7af418f8499ccd54
JACQUES MAGAZINE BLOG
Images for jacques magazineThe next crisis will be a currency crisis. Too many people are caught up in the deflation/inflation debate. IMHO we will have both. Inflation in the things you need, deflation in discretionary items. But, I am firmly in the camp that hyper-inflation will happen quickly - by deflationary collapse or rampant money printing or both - as seller's of hard items will simply refuse to accept paper money.
I think you and I agree on a few things, but I am not willing to time the inflections on gold/silver. They are one form of a store of value for the 'other side'. It's not a trade, it's a hedge.
Joe, we already have both... bi-flation will give way to outright deflation... which will give outright to default/repudiation... which will cause hyperinflation.
That's just it I see signs everywhere "We buy gold" but random people I talk to don't have any, or even have any idea what the spot price is. The only people I know (IRL) who are in is my best friend and family, both of which I had a hand in convincing. Hell one of my other good friends laughs about gold, who constantly harps on the 80s pop.
It looks like everyone is in on gold here, but it's kinda a gold bug website. It's like judging all of humanity by going to 4chan or Something Awful.
Yep, the time to be very, very scared is when most if not all of your neighbors are telling you how much money they are making in gold. And I'm not hearing that lately.
just let us know when he starts buying, yeah? His terror will be a great place to liquidate for at least a short-term top at $8,000.
It's a PM-centric, Federal Reserve = dEvil, Bill of Rights crowd.
We can read (because we prefer to learn) the writing on the wall.
Sold a "friend" a good chunk of Ag the other day; she doesn't get that her gain in silver will more than justify her trust in my recommendation.
She gets my stance - but she watches too much teevee to really sync with what what I'm trying to describe. It's horrifyingly surreal. I am nauseated to find out that I am right - PMs taking off. It's starting to get really bad and this is no "Y2K". This can all be explained in simple terms once you realize the Ponzi for what it is: "Jekyll Island Massacre".
We all search for reality among our usual crowds and in an anecdotal fashion we can't figure how it is real; that this "news" isn't smacking more people in the face!!!!11!
I sold one of my .999 troy silver rounds (along with some "junk"-"collectibles") to a downtown dealer and walked out with cash like I thought I would. I wanted to test the system and it didn't fail me. The guy is from Beirut - and he uncomfortably nodded his head when I said, "Death to Israel", it's confusing to hear it from non-Arabs in post-Holocaust Amerika. Regardless, I explained to this older friend (recent benefaction) that I had successfully sold one of the matching rounds, downtown, in order to further encourage her motivation for self-preservation.
I have never owned PMs - always perceived as a hobby. History demonstrates the Newtonian reality: mass starvation.
I worship the (Brad Pitt) Tyler(s) Shrine of Goodness.
i have PM excedrin. i wouldn't trust your recommendations either. your a loser, just sayin. you cow tao to everyone.
Lucius, you bring up a subtle but relevant point.
I recommend one double eagle for every man, woman and child in the US.
...balance and moderation, or so they say.
if Obama runs on "everyone has a right to a double eagle" in 2012 then the meme has penetrated the masses.
Actually his stance is a bullish indicator with the respect that they (he) are selling their gold-buying services to the herd. Amazing how the world's elite has to resort to pop culture in getting the brainless to dump their gold. First MC Hammer, now Mr. T. Just a matter of time before Samantha Fox shows up....
more of an indicator that those with gold failed to keep enough liquidity to keep their gold.
He is on repping a company to BUY your gold, not sell it to you. Youre prolly closer to calling the bottom in gold using that logic. And in 10 years...that may well be the case %wise
What a slut. Mr. T gives driving directions too. http://www.navtones.com/tomtom/mr-t.html?celeb
Agreed. This should solidify it.
LOL!
Not "the" top Lucius, but "a" top. We're way overdue for a correction and the equity markets are also. Parabolic moves have nasty, nasty, consequences. It just takes a big pair of bear balls to put the short on or buy the put at the right moment.
Short it on the way down, take your winnings and buy physical. A no-brainer way to actually own gold.
Point taken. I think it is going to get really nasty for all assets before the FRB goes too crazy with monetizing. China is a big player now. The $2.5T+ in their hoard gives them more power over our destiny than the FRB. Its important to remember that a debtor loses their freedom. The USA is the biggest debtor on the planet.
It depends... when you're a debtor that can tell your creditor to pound sand... things change a bit... or when you specifically designed to put yourself in debt and refuse/fail to pay your creditor, the analysis is a bit different... especially when you bankrupt your creditor in the process...
I piddy the papah holdin fewls!
Life is Art. GO MR. T
I know art when I see it -- that's art!
OMG, I am laughing so hard right now. Thank you Tyler for showing up every day.
I want what he's smokin.
Oh MY GOD!!!!
LOL - he's lost a step or two, but I still love Mr. T.
My favorite Mr. T story was from the 80's when the A-Team was still going strong on TV. Mr. T is from Chicago, and started life as a bouncer at high end nightclubs. As his fame and fortune grew, he ended up buying a very nice and very expensive house in Lake Forest? Anyway the mansion sat on seven acres of heavily wooded land, and it turns out the Mr. T doesn't like trees, says he is allergic to them. So one day he had crews of tree removal people come in and start clearing his property of 100 year old oaks, maples, etc.... The neighbors went NUTS, and they tried to get a court order to stop the tree cutting. The town got involved, newspapers, TV, it was all over the Chicago news. Here is a link to the story:
http://www.nytimes.com/1987/05/30/us/genteel-chicago-suburb-rages-over-m...
funny. this story still circulates in chicago suburban bars.
I pitty the tree.... Can you imagine a big ass mansion sitting in the middle of seven acres of tree stumps? Movin on up, to the North Shore...
Better than the alternative, actually listening to people who want to tell him what to do with his trees... he should have challenged them all to duels/boxing competitions.
yes, the self-righteous North Shore types have just about exactly one personality, and Mr. T's is not it.
The Jeffersons is exactly what i thought of, too.
I am equally pleased that these stuffy North Shore types got their panties in a bunch. They are the same people who preach about helping inner city folks, as long as those folks stay within the confines of Southwest Chicago. out of sight, out of mind, and they can still feel good about themselves.
i call them 'limosine liberals'.
Saw Mr. T, on the street in the hood in San Francisco around the same year: frustrated he couldn't find a store that sold "Champale" -- in 6 packs.
I'll agree with earlier comments that the guy hardly looks aged. Must be the Champale?
Anything to avoid the truth...
Well, not to be a Debbie Downer, and not that I really have any idea what gold is going to do near (or far) term ... but Minyanville has a "Mr. T" gold indicator which flashes any time the T gets too much air time.
If one were to believe in such omens, one might not be buying the yellow metal at this particular time. There could be better days to buy. Just sayin', not preachin', and definitely not knowin'.
...if it waddles like a bubble and it quacks like a bubble then it must be a ....
a currency collapse.
Priceless...
fiat bubble! run for your lives!!!
His company buys gold from you. He wants people to mail in their gold to him, i.e. he doesn't care too much about prices (since he makes the spread) but he doesn't want people to hoard. He wants volume. Pay 50% of melt (or less) and churn...
For most, the time to buy is when you have the expendable cash to do so. Hoping to save $20 or $50 is foolish if you aren't already vested. Otherwise, speculate on, brotha.
Just don't be a fool, sucka!
Where to go from here?
Buy gold before it's too late. The time will come when it will be impossible to purchase gold at any price.
Yeah, it's not a bubble...
and stocks/bonds are not right? Get real...
and stocks/bonds are not right?
Because that's what I said, right?
Was it a bubble in '77, when he started accumulating?
Mr. T has more sense than most people out there. He's also good at spooking idiots out of the market so he can get more on the cheap.
Mr. Tmosley pities the fool who doesn't know that long term gold bugs buying gold doesn't mean anything.
was it over when the germans bombed pearl harbor?
+1
Reporter: Clubber Lang, What's your prediction for the US Economy?
Clubber Lang: Prediction???? PAINNNNN..................
+1. funny.
.
An option for the fashionably-inclined gold bug. I wonder what forms he fills out when he leaves the country?
There are no restrictions on jewelry.
So if I tape my Philis and Maples to my jacket I'm safe?
"These, it's just my bling!"
Sixteenth century Spanish colonists used to wear extremely heavy chains on the return from America because jewelry was not taxed by the crown like coin and bullion. Some of those folks would have pitied Mr. T's display.
Another interesting thing is that Gold chains of this period found on shipwrecks have links that are the same fineness and weigh the same as the then current gold coins so they were always interchangeable as currency wherever you went,can,t see the banksters liking that no fees.
How old is this guy now?
You can't make this stuff up.
I think he's got more gold around his neck than the UK has in reserves....thanks Gordon Brown.
Where do you think he got the gold for the necklaces?
The "whole arsenal is 45 pounds." Assuming 14k, that about $575,000 in current melt value...
Mr. T. Classic...
Pretty amazing that he's got more integrity than most people on CNBC/Bloomberg. I've met him in a casual setting, he's exactly what he appears to be, nothing less, nothing more. Last I saw him he was driving a cream white Rolls on I-94
He could clean up the MSM real fast. He scared the shit out of me in Rocky 3.
Maybe I really do live in The Matrix...
Count on it.
How would we know otherwise if all we do is watch the flashing lights and eat the candy canes? The way out of the Matrix will never be found within or provided by the Matrix.
but of course it is. Complete renunciation!
That would be "been there, done that, leaving now."
"There is nothing more powerful than an idea whose time has come."
Victor Hugo
+1
Did you choose the blue gin or the green?
Huh? He's a spokesman for a company that tells people to sell Gold to them. I don't think he pities the fools that do so...
If he was a GATA member, he'd never be invited back on an msn media outlet again. Bread and circus event.
This is just great. Now all we need is Ken Fisher being bullish on gold, and you finally have a gold bubble.
the end is nigh and please DON'T eat the brown acid
No rain! No rain!
Good opportunity for Glenn Beck to dump his troublesome current sponsor and get Mr. T on board.
Frankincense and myrrh, bitches.
I am not selling, but I recognize this is a sign that the bubble is starting.
Then buy the miners, and sell before they're expropriated...
I don't think the bubble is starting, but...the circus is definitely coming to town.
Mr T is the new definition of banker !
Been talkin' with the Callettes on the Call and we agree--Kudlow's new look has now been revealed. Much more exciting since the girls are doing all the talking now while he's just "eyebrow raising" now. Believe me...ratings will SOAR!
If Mr. T isn't selling his, I ain't selling mine.
let this be the rule of thumb.
am officialy Jim Sinclair's bitch, and Mr. T's apparently
maybe mr.t should rename himself to mister G.
lol
Think about it, he was into gold before it was cool to be into gold. I'm following him.
and I'm following you. Let's all line up behind Harry.
(insert joke here)
I ain't inserting nothin' nowhere. Might catch something.
And I've noticed that you always wash your food before you eat it.
+10
"We've got some experts on, next, to help YOU decide if you should invest in gold"
Where was the price chasing peanut gallery two months ago? :D
I am not surprised Mr. T is hawkish on gold, in fact, I actually thought he'd be mo hawkish..
ROTFLMAO!!!!!
Very clever.
+1
I am pretty sure Mr T's definitions of gold will finally be the thing that resonates with Americans. No cartel can compete with a bunch of ignoramuses buying "the tears and sweat of the sun". If you are short, cover now or be destroyed. The public is coming.
loving it! biblical.
Top? Whatchu talkn 'bout, Fool? Mr T wants you to SELL -- to him.
I urge everyone to watch "Family Guy" for some comic relief
i pity the fool who sells his gold... with QE2 and the currency wars just starting to heat up.
so with a 30 day return guarantee on your gold, can Mr T lease it out in the meantime?
Mr. Random Ass Necklace Wearing Mr. T --Cash 4 Gold
I kid you not, 2006
Mr. T says, Get back to work! I Pity The Fool
http://www.youtube.com/watch?v=xx5p_wv_izo
Mr.T=MSM tool. Cheap!
Gold and silver in physical form is wealth preservation. You do not sell unless you life depends on it.
Indeed. It is also quite an excellent form of passive civil disobedience..
yes, indeed. indeed, it is. my favorite reason for buying gold. it cannot be "fractionally reserve lent" from my safety deposit box.
Do not sell unless you run out of liquidity before the dollar completely collapses... doh.
Last round of confiscation you had to have the FBI at your elbow to open your box.
great point. always good to keep a loaded piece in the box, and many more loaded rifles for the coming revolt if this confiscation were attempted a second time round.
You'd better find a safer place than that!
I buy Gold and Silver because it is an act of "REBELLION"!
Sick of bubble talk and so called top calling.
These will be the last in and robbed of their wealth.
Since I use gold as measurement years ago seems like
a nice key to unravel the matrix and turning wealth
building in my favor instead of the banks.