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Precious Metals Break Out, Gold Passes $1,428, Dollars Away From All Time High, Silver Passes $34.50
After a two month delay, gold is about to take out it all time high, silver has just passed $34.50, and, shockingly, the dollar is down as the Chairsatan drones on.
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I miss Johnny Bravo ;)
Until he crawls out of his hole and joins us in celebration we can enjoy his alter ego.
I am expecting Math Man and willie the 'tard to show up any second. Maybe if I say the below they will not bother to chime in:
Au to $0.02 !!
Ag to $0.01 !!
Thx Math and 'tard for not replying.
BTW, have you guys seen GoldenMiddleFinger or RobotTrader recently? Their silent MIA is so deafening here.
"my hypocrisy only goes so far."
Yah, Huh. Where did all the trolls go??
Troll conference ---- hatching new strategies.
I disagree trolls can't hang here long because staring in the face of truth each day wears them down . You can't beat the truth .
Early registration includes a free breakout sessions on lint abatement strategies for more effective umbilicus gazing.
Did you see Turd?
RollingBearing does not even get flagged for this comment.
He must really feel bad now.
They were overcome by their own hot air... and a dose of reality...
http://www.youtube.com/watch?v=JGpajGj07BU
@ 0:23 "Why Blythe, you look like somebody just walked over your grave."
@ 2:20 "Poor soul, she was just too high strung."
@ 3:01 "My hypocrisy only goes so far."
@ 3:12 "Let's finish it!"
God I love that movie.
Ag 34.53, by all means, let's finish off the JP Morge.
I'm your Huckleberry!
Let me try to conjure them:
Beetlejuice!
Beetlejuice!
Beetlejuice!
Hmmmm... nope, nothing.
You Rang?
+funny!
DRCB: bbbbbut I read on "ZEROHEDGE.COM" that the ratio Au/Ag was supposed to be 12:1 ;-) - Ned
He said(JB)that he would never post on ZH again if gold hit 1450.
Yes --- under the name JohnnyBravo.
Do you really think that disingenuous, hate-filled, dishonest, malicious, pathetic excuse of a man would really honor any such pledge? I don't for a second.
Thanks CG! I needed that.
Johnny, Johnny, we miss you so much. Is it time to sell gold and silver? And are you still making gobs of money in the markets?
I don't. He would threadshit to the extreme - some threads would consist of nothing but posters flaming JB, and him responding in kind.
Doesn't remind you of anyone else? A certain dumb bastard who replies to practically every post in a gold or silver thread?
You mean like this?
Complete meltdown in PM sector today
RobotTrader - Thu, Feb 24, 2011 - 05:11 PM
But General Jim says not to worry.....
$1,450 is next, then Infinity and Beyond.
Hey, what happened to $1,650???
For one.
Don't forget Leo Kolonasskiss either.
I had the feeling that Leo's name would come up....
feel the burn, Blythe, feel the burn.
Think about it. This is happening as Bernanke is testifying before Congress. That just DOES NOT HAPPEN …. until today.
Have the Fed and their Bullion Bankster co-conspirators lost control of their ability to manipulate the paper price of Precious Metals at the COMEX?
you are certainly, G A Y †
Right here Mozzer, Goled to $200 Bitchez!!!
Be still my heart.
giggity giggity. The fun really begins now.
are you suggesting we BTFQ?
buy the fucking quagmire that is...
Agreed!
Jim 'Fuckhead' O'Neill @ GS can be bullish now.
How does revolution offer any sort of stability and investment opportunities just like now in the ME?
These fucking people are deranged: death is bullish, life is bearish. Who cooked this up?
Celente calls them "Money Junkies" because streeters can't take a loss.
New sprott vid out
www.silvergoldsilver.blogspot.com
heh, Should title that interview, "Eric Sprott endures another round of stupid questions put forth by an old fart without a clue."
Though I'll grant that the backwardation question was valid, and the other small thing that I have yet to see any real coverage (unless I've just missed it) here on ZH: THE CONSOLIDATION OF BOURSES!
Please excuse the yelling, just seems to me like such a huge move; ie the black rooks are positioning themselves to take out the last of our pawns... am I buggin' ya? Don't mean ta bug ya.
Regards
Sell the dollar bitchez!
Sell ALL FIAT, not just USD. War is imminent.
In a few days, you'll be so happy you held onto your silver...
I've just sold on my gold on todays high.
It was a pleasant move to ride, but now the time is to go long stocks.
Took some profits today as well. 34% profit over four months is pretty good. However, it hurt me to sell some silver Kilos and 10oz coins. Couldn't pass up the 38% settlement on credit card debt for CITI. All credit card debt gone. Still plenty of silver in the hole and more positions to be added soon. Good bye corrupt bank funkers. Glad to have them off me ass.
> All credit card debt gone.
Good for you, Richard.
Thanks The Driver. I did shed a tear of happiness for the CC debt gone, but the loss of me Koalas caused another tear to flow in sadness.
Now onto the house debt. Jebus.
the loss of me Koalas caused another tear to flow in sadness
I feel your pain Richard. I keep telling myself that I ought to profit-take, and sell a portion of the physical I own (the extra money would come in handy right now).
But damned if I cannot part with even just an ounce... I never fully realized the difficulty I'd have trying to let some go.
I never understood what others meant by the "PM effect" until I started collecting it myself.
14 % of all credit cards
are 90 days past due ..
Alt market my ass.
Every body should max their credit cards and buy PMs then tell TBTF to FO.
Get the bankrupcy out of the way and move on before the regulations can catch up. Is bankrupcy that bad or is it simply the banks PR telling you that?
\
Just think think through it.
Bankruptcy was a thought, but i figured a nice haircut to my creditors could be done on my own without the force of law behind it. Besides, the law doesn't exist anymore.
Doesnt paying for your own purchases count for anything? Some of you people are no better than the banks.
Do yourself a favor and do some research on what is considered Financial Consideration. The credit card companies had NONE and didn't disclose that. Credit card agreements lack three pieces of contractual law; financial consideration, full disclosure, and signed by both parties.
Judge all you want, but the law doesn't apply any more. I didn't get bailed out, so I made my own bail out.
Then again, ignorance is bliss, so keep telling yourself that educated individuals are just as bad as the banks. They can go fuck yourself as can you.
Generally, contracts do NOT need to be signed by both parties - they only need to be signed by the party to be held accountable to the contract. Further, it is possible to show acceptance through means other than by signature (such as by performance).
If you actually wanted to attack a credit card contract, the best grounds would probably be to claim it is illusory, as the contracts typically provide for unilateral changes by the credit card company.
Disclaimer: not legal advice.
What the fuck are you talking about... I'm not even going to address the consideration issue... (did you get something for your use of the credit card? PMs perhaps?)... A contract only needs to be signed by you to be enforced against you... further, there are exceptions to the writing requirement... such as part performance...
Full disclosure and/or conscionability are about the only remote chance you have at a viable argument... this is why reforms were made/attempted in regards to interest rates, fees, etc.
There are too many armchair attorneys on this site... reading a snip here or there on a blog somewhere and suddenly there is no financial consideration... I hate to break it to you, but there was consideration... just like the banks gave you consideration for your home... the money is created by the FED and then other institutions borrow from it... this has been discussed too many times to count... but yet some motherfucker is always trying to ice skate uphill...
That is fine. I appreciate your insight. I am just telling someone else what I did that got me to a 38% settlement. I am not giving out legal advice, just telling a story on what I had done.
In either case, I could fucking care less now. I'm out of credit card debt. Bluffing with bull shit and profits from silver is what helped me do it.
You need to add a disclaimer at the beginning that this was your ploy with the credit card companies... It needs to say "warning, total bullshit I used against full retard credit institutions and their even dumber collection agencies".
I congratulate you on your achievements... the 1099 is going to hurt and won't be dischargeable... but, at least some of it will be knocked out. Not sure you're net ahead as far as time is concerned given the amount of money at stake... pretty sure you could have flipped burgers just the same, but anyway... I just wish your achievements would get us any place closer to the right to some semblance of common financial opportunity. However, unfortunately, I'll be picking up the tab on your actions given I have to backstop the bank you defrauded... so, thanks... appreciate it.
You are welcome. Glad I could help.
Don't blame the player, blame the game.
"However, unfortunately, I'll be picking up the tab on your actions given I have to backstop the bank you defrauded..."
That sure is unfortunate. Don't you want to unplug and do the exact same thing he did?
There's a word for it, it's on the tip of my tongue...
I didn't have a choice on backstopping the banks that defrauded the entire system, so don't give me a your moral equivalency bullshit. Could you suggest any other way of fighting these bastards? Any ideas? Or should I just take it up the ass as cost of living escalates beyond my wages increases thanks to the extra currency running through wall street? Money that was used to solidify the theft of these primary dealer from EVERYONE, including you?
I must not have been clear. My mistake.
That you didn't have a choice in backstopping the banks IS the point. The only choice we do have is to bend over and keep taking it, or say fuck it and embrace moral hazard fully.
I'm with you on this one.
You were clear, but I took your words the wrong way. Doing too much at once. Sorry bout that.
What I am saying is that your efforts do nothing to fix the problem given the government's mandated backstop. In other words, about the only way to "starve the beast" is tax revolt. Everything else is window dressing... but no, I do not blame you... I cannot rightfully impose a backstop upon you any more than our government can... it's just that for the short-medium term, efforts such as yours make my day to day living that much more difficult because someone has to pick up the difference (until the fat lady sings of course).
"Judge all you want" I will, and forcing ANYBODY else to pay for YOUR purchases is WRONG. Justify all you want.
OK
Yup, so when the TBTFs went with hat in hand and asked us for TARP, we were all like, "no way, brah." Then the TBTFs said, "ZOMG tanks in the streets, martial law, cats and dogs laying together!" And we were still all like, "nah brah, YOU got the toxic debt, YOU handle it!" And then Congress was all like, "yo, we'll just pass TARP anyway."
And now, 3 or so years later, instead of being at risk of seeing our financial industry go through a period of immense but non-lethal pain, we're instead "all-in" on sovereign debt, and not a single one of the underlying issues has been resolved. We're ALL on the hook and paying for something we didn't want in the first place.
Check your morality. Giving the finger to the government-bank cronies is good. Taking ever more crony dick and trying to find new holes to store it all in is bad.
What force? They gave their money freely according to contract. Breaking a contract is not force.
The only force that came in to play was when the government bailed out the banks using tax dollars they "appropriated" from the American people by force. That comes backed with force of arms, whether real or implied.
People MUST learn what does and does not constitute force if you ever want to understand which actions are good and which are evil. Otherwise, you will be robbed blind and murdered in the murky darkness of ambiguity.
Are you surprised to see the spread of moral hazard?
They started it when they decided to heist $23.7 Trillion from all of us. Fuck them in the goat ass.
Ding ding.
Don't know how you arrived at $23.7T exactly, but the number does not affect the truth of your statement.
Here is one source Chump - http://www.youtube.com/watch?v=cGx6K0DVKZ8
A couple of other links include Bloomberg, NY Post, Wall Street Journal. Hell, give google a shot and type in 23.7 Trillion into the search engine. In fact, here ya go - http://www.google.com/#sclient=psy&hl=en&q=23.7+trillion&aq=f&aqi=&aql=&oq=&pbx=1&bav=on.1,or.&fp=2a7f0f52063b46e5
Two words: moral hazard. If the banks can walk away, why can't the sheeple?
I know it is more complicated than what I've stated but ....
Edit: Wow - I thought I was the first responding. Looks like a topic that does resonate with many.
You do know they are going to 1099 you for the balance if they settled for less than face value of the debt.
If you can prove insolvency then you don't have to pay tax on the gain!
Thanks. I will be looking into that fo sure.
Tits ok. I'll finger that out later.
Debt relief due to either bankruptcy or insolvency is not includible in income. This is spelled out in Section 108 of the Internal Revenue Code. http://www.law.cornell.edu/uscode/26/usc_sec_26_00000108----000-.html
HOWEVER, if you charge several thousand dollars on a CC for the purchase of silver or other PMs, and this is discovered, then you'll be forced to cough up either the value of the PMs or the PMs themselves, all of which will be divided up between your creditors by the bankruptcy trustee. This may not apply to purchases made more than 90 days prior to declaring bankruptcy - so long as there was no fraud involved. I would be careful about this, and consult legal counsel before doing anything if you were contemplating going down the bankruptcy path.
Note that none of the above constitutes legal advice.
Thankfully I have not used these cards in over a year and have been living without using credit. Cash only basis. Buy my silver from coin shops nowadays.
Remember when talking with your attorney that any proposal by you to commit a crime/fraud in the future will likely render your attorney-client privilege impotent. In fact, depending on what it is, he may have a duty to report your plans. So, when speaking to an attorney, it is imperative that you simply inquire as to the law, rather than spell out your plans. Hypotheticals help in gray areas.
Wait a second. You are making assumptions. This alleged debt was gathered during the go-go years of 2005-2008 and was being serviced quite well by me. No fraud committed here. Financial insolvency hit me hard and then my eyes were opened wide the with opening salvo of TARP. Servicing the debt became nearly impossible. Choice between food and credit cards at that time. At no time were the alleged purchases made with the intent to default. I was doing fine until I saw the banksters ride away with a bag of loot while the Sheriff cleared the path of brush to let the horses get away. Rising prices of necessities were greater than my rising (a lack thereof) wages.
Do appreciate your help, but I am simply trying to wipe the slate clean. In no time was I under oath during my conversations with these credit card companies or their affiliate collection companies. Again, I needed to clean the slate and bankruptcy was not in the cards yet.
Right... but the obvious question I would ask would be, what did you do with the PMs? Again, speak nothing of yourself and only ask hypothetical questions... this may not be enough, but it can't hurt...
This whole thread started with the fact of me stating that the PMs were sold and the proceeds used to pay off the credit settlement.
I trust that all the paperwork matches and your gain on the sale will be reported to the IRS?
Defaulting is your right under the credit contract. In fact, there are specific terms in there about what constitutes your default and what the CC companies may do about it.
I've got no problem with it; cannot figure out why the masses have such a peasant's mentality regarding debt, as if money owed to a BANK of all places is sacrosanct and must be repaid no matter what.
Banks themselves default and people just fucking shrug.
Thinking that people should pay for their own purchases, is a "peasants mentality"? It sounds like you have an elitists mentality.
Defaulting isn't the issue... literally as long as contracts have been around, the right to default on them has been closely tagging along (of course, you have to pay for the breach...). The issue is the method of default... there are permitted methods and prohibited methods... I believe the latter is more inline with what happened in the present case... (and what will happen).
Considering you wish to support the elite at the expense of free men, you sound a lot more elitist to me.
++(hypothetically)
"I got effed by (Insert CC co. here), now (Insert CC co. here) can go eff themselves."
Language Warning:
http://www.thesixtyone.com/s/MMd7WhFDstJ/
I agree. I would not buy PM with CC if you are going to try and fuck them. They will come at you over this one. Best thing to do is get cash withdrawals on it, then go and buy the PM somehow, the less trails the better off you are . PM's to banks are a fuzzy area. They really don't understand it and can't really deal with it that well since it is so moveable and hard to trace etc . This is the beauty of PM. It is real money and it is your money and nobody can do a damn thing about it because you control your own money.
If you take out cash from the CC they don't know what you bought. Whoops didn't see your post above before mine.
~Every body should max their credit cards and buy PMs then tell TBTF to FO.~
Those card debts would then be non-dischargable in a BK proceeding. The BK debtor would also have to commit fraud on the asset disclosures. Laws are still enforced against us commoners. Bad advice all around.
I agree with you. I just want to be free of debt. I'm not looking to be rich.
I want to be free of debt as well. So, Im paying it off myself. Over the years you have (as well as everyone else) had to pay someone elses debt who refused to pay it themselves. Was that justified? No. And this isnt either.
Can you give me a little info on your 38% settlement? How did you get that? Thanks
Stop paying. When they finally get around to harassing you, you talk them down. If you give them cash within a short period, they mark the debt way down.
Make sure you get it in writing from them about this new deal they are making with you, so that in the future any zombie debt collector will not try and come at you for the balance of the account and believe me, this happens all the time.
Got it indeed, as well as recorded conversations. The collection companies HATE when you tell them you are recording. In Ohio I don't have to tell them as we are a on-party consent state, but I still tell them to piss em off.
Yeh they hate it when you tell them they are being recorded. It makes them nervous. Yes you did it right. No doubt. The zombies will come along later though and try to harass you over this alleged debt, mark my words even though you have settled.
Which is hilarious... how did you gain a claim to the debt that was paid? lol... I think you need to contact your salesman and inquire as to what you purchased...
Believe me, those assholes try and they do this all the time. Sometimes they even sue you over debt that you have discharged through bankrutpcy, I kid you not.
Yeah, I know... i have to defend people sometimes on it... but, it's just hilarious to me how ridiculous everything has become... It's strange to think that fraud at an institution or two can spread so rapidly throughout the entire world, eventually becoming the norm. I realize the lion's share can probably be chalked up to the complexity of the system, paperwork requirements, and the general level of intelligence of the actors performing the work... but, still...
I'm not sure who's worse... the purveyors or the idiots dumb enough to buy their snake oil... I think a return to caveat emptor can help the latter... but the former requires cleaning house.
I used to hang out on credit card debtors blogs and I used to read about this stuff all the time. I haven't been over there in a while but I am sure things are not getting any better. People around here sometime say well just max out your credit cards and walk away. I am here to say that it is not just that easy. Debt is debt and it never goes away. There are only a few ways of dealing with it, either pay it, or settle it, or discharge it in bankruptcy. Until one of these three methods are done, it never goes away and even though you may now not have anything , maybe one day you will and when that day comes, along comes the debt collector with a message for you. This can happen when you are alive or when you die, it doesn't matter to them........
Do you wish you had gone BK?
wow...debt is easy to walk away from, just stop paying.
They can garnish your wages, but to do so, they have to find out where you work. Most people are dumb enough to put their real workplace on various things they fill out which end up getting submitted to credit agencies.
See, you're hanging yourself with your own rope.
However, going forward, companies are pulling credit checks and forget security clearances if you deadbeat*. Michael Vick gets a fucking redemption tour for serving 1.5 yrs for his rap, but if you or I had that conviction on our records, we'd be lucky to get a job EVER again.
*(unless you are the right skin color, aka nonwhite)
Most likely, they end up with a default judgment... in which case (in the event of any judgment) the defendant/debtor will be required by law to truthfully state all property, place of work, etc... or else face contempt charges and jail.
It is true now. They require a complete credit check on you before you get any job now. I mean even for rinky dink jobs. Even for rinky dink jobs they send you over to some private investigation outfit and they give you a freakin anal exam for a stupid job paying 10.00 a hour etc.
Oh so you think you can hide from them hun? Ha ha. We shall see about that one. Even if you work under the radar so to speak, one of these days you will have to surface for air etc and when you do, guess who will be waiting with open arms....?
This is what the strategic defaulters don't understand about credit histories... win lose or draw, your default is still there... and, presuming we get to a point where fruitful labor is plentiful and viable again, then you'll be picked last... by whatever creditor/employer emerges...
"I think you need to contact your salesman and inquire as to what you purchased..."
Pure gold. Loved it.
CC debt is like mortages - sliced, diced and sold to multiple players.
Its true. but that is something you have to prove. To my knowledge no one has ever done this because it would require a lot of man hours and expense to prove this. But it can be done but so far, I don't think anyone has done it because naturally most cc debtors would not be in the shape they are in, if they had the money.
If you are going to stop paying then by all means stop. Do not under any circumstances make any payments after you have stopped. All this does is start up the contract again and you are basically admitting that this is your debt etc...........
Unknowingly "reaffirming" an old debt to life is a tragedy.
Stopped paying for four months. Wrote letters to ask the credit card issuer to send me a copy of the signed contract, by both parties. They responded with a Credit Card User Agreement with no signatures anywhere. I would then write in or tlak to them on the phone and ask for a signed contract. I would also tell them thathe User Agreement doesn't show any financial consideration on the part of the credit card issuer and does not disclose what their financial consideration was (there was was none as the debt was created with my signature and bank never lent out its reserves).
When the accountfinally moved to a collection account I played the same song and dance, explained my insolvency, and asked if they would accept less. Negotiated that down and told them what I could afford to settle the account now otherwise I would need to see the signed contract between both parties. Collection company works under premise of something if better than nothing. 38% is what the settled ammount was. $4,500 on $11,600 (I guess it is closer to 39%). There was my bailout.
Signed contract doesn't matter anymore. They go with account stated. The best thing to do is get a good credit card lawyer and they work for a set fee and they tie it up in court and the CC company never sees a dime. In my opinion, it is best to do it this way than bankruptcy where you have to go in and talk to your rich uncle about it. By the way, yes settling with them is a good method if you can do it. Some of them like Citibank won't do it etc. It does however mess up your credit for 7 years, if that is important to you. If anyone wants to play this game, the best thing to do is be sure you are in a strong consumer oriented state and that you do not have any real property or other assets in your name. Once you do this, then you can go play the game. After a while you will be borrowing from peter to pay paul. It gets old very fast. At least they don't have debtors prison here yet............
I agree with you, but I am sick and tired of fighting. Just wanted to clean the slate and move on the best and quickest way that I could.
Well whatever works for you is fine of course. Fighting is what they do and they do it all day long into the evening up till 8:00 PM. The best thing for people to do is also to get rid of their old phone numbers and get another one with unlisted number. 90 percent of their game is phone calls. Once you eliminate that, you have eliminated 90 percent of their game. Then they are reduced to making threats and etc by written letter and they hate this because all correspondence is in writing and it could possibly go against them perhaps in any future court action.
My kid is a lawyer who works with debtors in Michigan. As you say, they don't have to produce a contract. She doesn't go to Court, however, because (in Michigan at least) there is no defense except that you don't owe it, but the burden would be on you to either prove it in court or you go home with the same Judgment against you that you get if you don't go to court. Key is to settle before Court, because once they have a Judgment they will get the full amount plus costs out of you before too long if you have a trackable employment income stream. A garnishment is guaranteed in that case and you won't like the amount they'll take from your check and it will not be negotiable.
Settling before they file in Court is pretty much the only good option--outside of bankruptcy--for people who have jobs.
In my kid's experience, however, if you face a lot of separate credit card debts (regardless of amount, even if a couple hundred bucks), you should file for bankruptcy if you qualify. People worry about a BK ruining their credit, but if you've already defaulted on credit cards, your credit is equally screwed regardless. Every time I call my kid I have to listen to her rants about the idiot client she just talked with for the tenth time telling them to file for bankruptcy but they are again going to hit their 401k to temporarily stem the tide. File BK.
Simple fact: If you've missed a couple payments on any of your cards, your credit is already screwed as it can get. You aren't going to enjoy the primary benefit of good credit--getting a loan--for a very long time.
I'm waiting on a call back from daughter on CITI--I know that some weeks CITI features prominantly in her rants, but I don't remember the details.
I will tell you something Bob. Citi are the worst assholes in the history of the credit card universe and believe me when I tell you this. She will know full well on this. They come and they keep coming and they never stop and the only way to slay this dragon is a stake through the heart and even then they get up, come back to life and come back for more unless you can get a judgment with prejudice against them and this is rare because the damn judges are usually more or less on their side, since I suspect, many of them get money for their reelection campaigns from you know who. citi bank....
A most evocative description of your trauma, man. I feel for ya. What's the story--multiple accounts with them? The Court didn't issue continuances on your cases, right?
I made a mistake. I will admit it. I tried to slay this dragon on my own and I got fucked. Summary judgment even though I did all the things that lawyers do, I still got my ass handed to me on it. So for this one bank I would tell anyone that will listen. For them, I would get help, no doubt about it. The old saying goes. A fool has himself for a client. When you go in there to try and defend yourself , the judge will just about ignore you as if you are not there even though you present good and qualifiable arguments. Now having said that, we can also comment on the fact that this stupid summary judgment stuff is a violation of the texas constitution, but who cares right. The judge sides with the CC company almost everytime , at least in this county. I should have known better. I got smoke blown up my ass by pro se "experts" on the net and I paid for it. I did the work and I did the preparation. Proper preparation prevents poor performance, no doubt, however this only works when you are a lawyer in the courtroom bar and not a pro se person, unless, and this is a big unless (and there are people like this) you raise holy hell and demand your rights under the law and make sure you make the record. This being my first case and my last, I of course was not as prepared as I thought. But I digress. This is my story of a case gone bad. So now they get hosed by the second wave, bankruptcy........to citi i send all of my love......and kisses.......
Hear ya on the pro se bullshit. Been there, done that. Actually, I had long cases where I handed their asses to them, but that's completely irrelevant to credit card debt. The Judge don't wanna hear it and he's strangely disinterested in your valiant efforts to carve new legal theories onto the Judicial landscape.
Ouch, sorry you learned the hard way!
Hence the reason for me settlement. Worth selling some silver to get them off me ass. Needed a redo and it looks as if that is done.
What bank were you dealing with, if you don't mind me asking. Citibank as is my understanding will not deal with anyone and are hard asses to the end. In Texas their gunslingers are located in Lubbock Texas and go by the name of Allen L Adkins & Associates.
Twas TITI, I mean CITI.
I can't believe it. You are the first person I ever heard of that got a settlement agreement from them . Wow things must be changing a bit.....Perhaps they are getting more desperate. Most of these default judgments they get are not worth the paper they are written on and never will be. Nevertheless they continue on doing what it is they do, like some machine. That is what I used to call them. A machine that grinds on and on. I see the winning tons of these default judgments and I wonder why they do it. There must be some balance sheet dressing up going on, that is the only thing I can figure. You take some poor Mexican on the hook to them for say oh about $6000.00 and they come in here and sue them and get a default judgment. What are the chances they will ever get any money out of that? Not much....
only 4 months?
Next time stop paying for like 24 months. If they get you on the phone, tell them to call Obama and then hang up.
Dr. Head you do know that you will receive a 1099 next January for $7,100.00 (earned income).
This is a ploy, because the banks will write off the portion you didn't pay and the Government
considers that earned income.
Good luck...
Fully understand that. The tax that I will have to pay on that earned income will indeed be much less than $7,100. That will have to be filed by April of 2012? I can wait.
I thought you might. But just wanted to let others in that situation understand that
settlements on CC debt are not black and white as these offers of settlement by the banks
would have most believe.
Yes I was going to say something about that. The difference between the settlement amount and the total debt will be called debt forgiveness and will show up as a 1099-C.
Just curious. What bank are you having a problem with?
Value socks like Hanes & Fruit of the Loom or quality socks like Ralph Lauren Purple Label?
Brilliant!!!
Hamy, you know Harry would not tell everyone where he was going.
You have to wait until the next peak until you tell everyone that you went there when you sold at the top of the previous peak.
That way you are never wrong.
pods
I respect your balls and I am saddened by apparent lack of survival instinct.
hamy your full of shit you never bought gold or silver and your sure the hell didn't sell today either. your just blythe's propaganda puppet. but make me eat my words and show us the comment of when you bought some. remember im from missouri lolol
William the bastard, Biggus Dickus and JohnyBravo (Math Man) are on the march.
You look smaller and smaller to me as the price of gold and silver go higher and higher. Do you think there's a correlation?
It's Hamy damnit!
not Harry....
laugh. it's ok.
junk Hamy for fun if you wish but LAUGH.
I love buying stuff on new highs. My buy stop for GC APR contracts is 1436. Let's see if we can make it there.
Time to SHORT! OIL GOLD SILVER NASDAQ EM S&P...you get my drift! And...am sure
to get clobbered right now...BUY EL DOLLAR...even if only short term but that short on the buckeye is sooo crowded now, it just screams for a squeezzzeeee! Eh?!
Don't forget Treasuries.
Serious question for my metals friends. I have approximately 60/40 split in silver/gold physical. I want to trade some silver for gold (Just personal preference at this time). Is there a way to do that without having to sell the silver first and then buying gold? I bought both metals online from a couple of reputable dealers. Any suggestions would be appreciated.
go to tulving dot com
he trades one metal for the other
disc: I do business with tulving, but am in no way affiliated
Good Luck!!
You would probably have to do that local at a coin shop. Some would be more than happy to do that for you. That is why it is good to pick up some stuff local from time to time.
And you get to talk to other nutjobs for nothing!
Win, win!
pods
Your stuff, but I would advise against it.
60/40 is a great place to be.
++++
Isn't that what's called a diversified portfolio?
I have pondered this also. I plan on selling some Ag and trading it for Au as the Au/Ag ratio approaches 20. I haven't talked to my local coinshop dealer yet, but I am going to ask him if he would do the trade with only one commission instead of one for the sale and one for the purchase.
Depending on the market at the time, you might find an online dealer that would be willing to do this.
At a lower Au/Ag ratio, the portability of Au will be of more importance to me than the increased upside potential of Ag.
Good luck
The ratio could go lower. You might wait a while. I don't think this move is over. Matter of fact it just started. We say see $40.00 silver.
Think about it. I wish I had that ratio. Silver is moving toward the old 15:1 ratio. It's the hottest thing going. Wait a while and you can get a lot more gold for your silver.
Wow HamyWanger, bad move. Stocks crash after the Gov runs out of money Friday.
gov's ran out of money "thirty five years ago." stocks go higher. and i'm saying "raise cash" btw.
If you knew in advance that a life altering event was about to change the entire world forever, would you sell your stocks? Just curious. I want TD to do a poll about this right NOW!
YES!
Strange but I haven't seen Robotrader or any of the other anti-Gold punks lately. They must all be on vacation or something.