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US Mint Reports Soaring November Month-To-Date Silver Coin Sales Surpass 2010 High Following Massive Rush Into Precious Metal
Is Max Keiser's attempt to put JP Morgan out of business working following the mother of all silver physical squeezes? The price of silver has been stable in the past few days, but if the US official precious metal seller is to be trusted, this will not last long. According to the US Mint, sales of 1-ounce American Eagle
silver coins are headed for the strongest month since at least
May, Bloomberg reports. And according to our update, the May total has not only been passed, but the November MTD total is already the highest in 2010. More details: a record 3,775,000 silver coins have been sold this month, compared with 3,636,500 in May, according to data on the Mint website. Silver futures in New York touched a 30-year high of $29.34 an ounce on Nov. 9. American Eagle coins also are available in gold and platinum. The Mint said 62,500 ounces of gold Eagles have been sold in November. What is interesting is that sales of the coins continue at an astronomic pace despite the nearly 10% premium one has to pay over spot. What is more interesting, is that the Mint has not run out yet. Yet the refreshing thing, is that instead of buying paper certficates promising that one's presumed purchases of gold is held by the DTCC, Americans are once again going straight into physical. Here is hoping Keiser's plan ultimately unravels whatever the RICO suit against JPM and HSBC leaves untouched.
From the Mint:
| Month |
One ( oz. / #coins ) |
| January | 3,592,500 3,592,500 |
| February | 2,050,000 2,050,000 |
| March | 3,381,000 3,381,000 |
| April | 2,507,500 2,507,500 |
| May | 3,636,500 3,636,500 |
| June | 3,001,000 3,001,000 |
| July | 2,981,000 2,981,000 |
| August | 2,451,000 2,451,000 |
| September | 1,880,000 1,880,000 |
| October | 3,150,000 3,150,000 |
| November | 3,775,000 3,775,000 |
| Total | 32,405,500 32,405,500 |
»
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SPX
Congratulations Ben!
http://99ercharts.blogspot.com/2010/11/spx_4707.html
http://www.zerohedge.com/forum/99er-charts
Have a great weekend, folks!
Shit, Shinola and Silver Bitchez!
Thank you Max Keiser
Crash JP Morgan Buy Silver ... & gold too,ooo,ooo
Man U Player Of The Century Eric Cantona Appeals For Peaceful Revolution Against Banks, Calls For Europeans To Pull Their Money....
And buy some physical silver bullion with the cash.
Right now the Dinosaur Kings are needing PMs to drop to hit their shorts. We are holding a wall before them by holding our own wealth.
Max Keiser seems to be on to something, he is calling for a unified buy of silver on Decemver 11th. I will be purchasing some that day, as well as before.
Silver Bomb December 11th!:
http://www.youtube.com/watch?v=2dmbfkP7FfY&feature=player_embedded#!
Max Explains; Max Keiser on The Alex Jones Show - 11.18.2010 part-10:
http://www.youtube.com/watch?v=sbGeCC5gi5I
Max Calls for $500 silver; Max Keiser on The Alex Jones Show - 11.18.2010 part-11:
http://www.youtube.com/watch?v=cDGZTJo5Z_Q
the word is getting around.... check it:
http://store.scottsdalesilver.com/product/38/1-Troy-Ounce---Special-Offering-%28Free-Ship-Item%29
The US Mint makes silver and gold bullion coins. The mint stopped making platinum bullion coins in 2008, except for a few thousand proof coins. Canada makes the full range of gold, silver, platinum and palladium coins.
Leave sth for me, folks. I'd like to order a few more rounds of silver bullets to be fired into JPM's naked butt.
Strange that sales of silver coins are soaring even as the price has doubled from previous levels in the mid-teens. Silver is quite affordable even in the 20s. Somehow I wonder if it won't be so affordable when this thing plays out.
Hi, Jimi.
Thought I'd stick a little market summary & forecast in here. You can, of course, find regular updates on my new blogspot page.
We all saw the gold and silver lows on Tuesday but we didn't get excited about calling a bottom until the re-test of overnight Tuesday into Wednesday. From there, both charts look great, silver in particular.
Silver has led Big Brother Gold for over 90 days now as troubles at the silver Comex have spilled over into the gold pits. Look for more of the same in the coming weeks.
Next week brings option expiry on Tuesday which promises to be interesting. Absent some really bad, armageddon-type news, however, I seriously doubt that the EE will be able to get it going downward too signifiacntly. Maybe a push back down toward todays lows and from there 1340 but that should be it. Once Tuesday is over, we rally the rest of the holdiay-shortened week. Probably finish the week near that all-important 1370-75 level.
In silver, well, all bets are off due to the massive OI and ongoing delivery crisis. Look for an option expiry-related low down near 26.40 before closing next Friday near or above 28.
All of this sets us up for a big, big first week of December. $35,000,000,000 in new POMO that week virtually assures a big up week for the metals. I'd expect new contract highs that week in both silver and gold. Its going to be one helluva ride.
For more, don't forget about www.tfmetalsreport.blogspot.com.
Turd, out.
Bookmarked and read daily, my friend. Thanks for your insight.
+ 55 accurate insights too.
good insight +1000
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/18_J...
Sinclair says we are about to reach a 1979 scenario for gold. Personally I don't find that idea very appealing because I'm not ready to sell. Mostly because I don't know what I would buy in exchange. Everything looks overpriced.
.
Sir Turd, I read your posts with interest and appreciation.
What do you think of the idea that they'll divert some of the POMO funds to help hold down PM prices?
Also... it's a shame Max Kaiser didn't ask people to do the silver bomb on the same day as the European bank run call (the 7th), n'est ce pas?
Double whammy for the banks...
silver bitchez! Pledge your physical deliveries at http://StandForDelivery.com !
Max Keiser rocks.
He's not the most polished reporter out there, but he sure is entertaining...and he tells the truth.
adorable rocks for me, more then polished. he is so cute :-)
Are you makin fun of my name?
NO not at all, i want to be V E L o B L a D e.
but i might make fun of your picture, of Bob huggin man boobs, kinda G A Yyyyyyy.
Its not nice to make fun of Robert Paulson, RIP...even if his nipples look like tophats made out of goodyear quality strength tire rubber.
Max is about half insane, and is having a ball.
If I had relocated where he is, so would I.
I can see him with a Guest Spot on GLEE, as a Cheerleader ,wearing a totally sliver outfit.
Bowie style..(<;
!!!!!!!!
watch this video from start to finish for your real education what drives gold and silver
to save as your own video file and watch with a media player
http://www.erichufschmid.net/MasqueradeParty_Part_3.wmv
or from google
http://video.google.com/videoplay?docid=5984510981024350101#
!!!!!!!!
But FrontPoint is down on insider trading!
Sorry for MW link:
http://www.marketwatch.com/story/frontpoint-health-care-funds-reportedly...
Perhaps if silver gets its legs, the Monster-energy chugging mo-mo traders working at all the big name firms will start chasing it.....
Then it may have a chance to run to $50.
No doubt, Monster is being consumed in mass quantities, as it broke out to new highs today.
Flash crash a distant memory.
"If Silver gets its legs" Yea your probably right, it hasn't gone up at all but it could go to $50. "If" it starts to go up. Ill buy Silver you buy the Monster drink LOL
HANS used to be 50 cents per share.
Where was your chart then?
nw,
Haven't been watching the prices have you?.
Went up $1.34 yesterday, back to over $27.00+ again today.
Been tring to get another spot to hit again today..ain't happnin.
When are you going to start showing us these "gems" before they make their big moves?
"Uh, yeeeahhh.....RoboTrader...what's happening....? You know, if you could just go ahead and tell us about a hot one in the beginning, that would be ggrrreeaatt..." [standard disclaimer of all offerings, etc = past performance no guarantee of future...]
Indeud Bill, could 'Robotrader' merely be a mild mannered moniker to disguise 'his' true identity:
http://www.youtube.com/watch?v=cY_oKve-bH0
???
We'll never know, I'm sure. (Except mb in retrospect).
Momo traders won't buy physical. Margin requirements will be hiked so often that paper speculation becomes impossible. Before this is all over, I wouldn't be surprised to see greater than 100% margin requirements. This will be imposed as a way to "chase shorts out of the market" given their unlawful market manipulation, but of course the people who hold the concentrated shorts get free money from the Fed, so even 100000% margin requirements won't have any real effect on them. Of course, this will be around the time of QE 5, which will see $5 trillion pumped into the markets every two hours (Krugman will want more, and more often).
I just made myself sad :(
want a mulligan?
Certainly not.
another unsatisfied pleeb holding paper monopoly money.
47 junks (so far) equals 47 more pieces of silver, or thereabouts.
Junk #1
And you'll be doing exactly what to "get ahead" Douche?
I have property and land, community, a trade, and youth. I dont even need the little wealth that i have, if it goes, it goes. I am having fun, and dont see the fabric of society breaking down anytime soon. The human race has come through a lot more than this, straight from the primordial soup.
Hey, youth.
HISTORY
Get some, plebe.
Well i took us back to primordial soup, how far back you want to go? Don hit me with the history bollocks either, history is black and white, reality is a different animal.
Ah, the most impressive wisdom of youth.
Youth is wasted on the wrong people...
young men are apt to think themselves wise enough as drunlen men are apt to think themselves sober enough
I think you meant, "...apt to drink themselves sober enough".
Have another reeb.
Come back to me when you have put your teeth in.
do you want a job at Kitco? no teeth required, actually no teeth is good since Jamie ....errrr, I mean....
When you have YUTE, it easy to think your invisible, and bullet proof.
The longer you live, the more wisdom you should accrue.
The words you speak here, tells me you (like all before you), have a long way to go.
You will wake up one day, and realize your YUTE is gone, going, fleeting.
Prepare now,for the unknown.That is after all what life is about..preparing for the unknown.
BTW, all you THINK you have can vanish before you can say jack shit.
+++
You whippersnappers out there, listen to people who say wise things.
And read history. It's worth it.
Wise words. Indeed. Our young friend would do well to consider them.
I cant work out what irritates people more, having a pop at gold or telling people that i am young.
It seems neither. 1. We need useful fools to stay out of gold until later. 2. As for being young, on behalf of your fellow senior citizens I wish to thank you for your current and future contributions that keep various government Ponzi schemes going :-)
So, you admit to being an irritant -- on purpose.
Do you know what that is called in blog comment sections?
Trollbaiting? Whatever rocky, you must admit, its quite the phenomenon watching investors vehemently explode with fanatic rage when there ideas are challenged. And I would be angry too if someone told me a wealth confiscating government was hilarious, that was the wrong choice of words. For the record, i dont hate metals, and i think goldbugs are facinating(if a little hardcore).
You get a rather hardy bunch by default. The pioneer spirit in many ways. Contrarians to be sure.
Its like listening to one of my teenagers...
Property can be taxed
community can erode in hard times
trade? Doing what, exactly?
youth deminishes daily
I didn't junk you, but what I find funny is our family has 100 acres of farmland, 2 acres on ICW (Saltwater/ocean), trades that we've picked up being somewhat countryfolk and I've got youth (28). I've also got metal money...
What was your point again? Seriously....your argument can be broken down with the same logic you use against those buying physical gold/silver
Nicely done, Schoolsout. You listening Grasshopper?
So true. Zimbabwe confiscated all the land from whomever the mob decided was an "oppressor." "Trade" is basically done with 1s and 0s in digital fantasyland--good luck cashing in on that when Der Fuhrer says "Nein!"
If the SHTF in Assyria, Babylon, Greece, Rome, Mongolia, Britain, etc. at any point in history, which would you rather have: precious metals or digital "stock" in Pets.com?
We can all laugh when his property is taken "by the stroke of" eminent domain.
c'mon man..not even a lil to bury on that land of yours..something to help lil scratch_and_sniff's down the road? that's wild man..wild..best of luck to ya
My money is tied up in all sorts of shit, antiques, wine, cars, property(that I live in, and will keep living in) and trading accounts. As for gold, I own some jewellery, family heirlooms more or less, and that‘s about it. But, the thing is, no matter how hard I try, I just cant see the time where I will be forced to use gold as a means of transaction(nor do I want to see that happening, because not many people own Gold or PM’s…a lot of people are just innocent bystanders and I wouldn’t wish anything against them, they are much better off with paper for the meantime if you ask me, gold just helps get the wealth into the hands of the few a lot quicker).
I have been coming to this site a long time, and I have heard all the arguments, and as much as my heart is with the ideology, sadly I remain unconvinced(not that there is more significant wealth destruction to come, but that humanity will let everything they have work for crumble so easily).
So you are living in your car?
I am from Ireland cossack, we don’t let people live in cars. If a person is completely bust and wants a home, then he/she may have one, with the gentlemans promise that they will one day work hard enough to buy their own(i said it with a straight face too). That’s evil socialism for you though.
Scratch that comment and sniff my balls, social housing is in dire need here in Ireland, don't sell your sun shines out the emerald isle shite here.
"NEARLY 80,000 families and individuals are on waiting lists for social housing despite the Government spending ?4.7 billion to tackle the problem in the past five years."
And growing. Plenty folks living on couches with friends etc, i'm sure there's more than a few in cars too.
There's a shortage see , do you think there is evidence of barkwardation in the Irish housing market ?
I want immediate delivery of 10000000000000 Troy ounces of Bungalow now baby.
WRT that 80,000 figure you sprung on me, probably most of them just want better housing, or moved, houses too small etc, but give me fucking break, the drive is there to house them somewhere. We don’t have any tent cities springing up is what I want to make clear. People on the street are either junkies or alcoholics, if someone wants a roof over they’re head, there are structures in place to help them. Have you got a figure for how many people the government have housed to date my old chum?
And how, pray tell, does your country intend to finance this glorious socialist paradise when bond prices shoot the moon, and everyone but the junkies and drunks flee elsewhere to escape the inevitable 90% tax rates? You only have one Bono, and he got the hell out of dodge a while ago.
Good one.
Glad you're here Scratch. You keep right on disagreeing and maintaining your cool. No foul language, no name calling from you or the others who challenged your statements and I appreciate that.
Discussion with differing point of view is essential. That's how we learn.
social housing=confiscation of all property and right to live freely
social housing= just a small snapshot of a big greasy, jackboot on the face of humanity
social housing= time to get out of Dodge cause the commie-tards and their jackboots are in control
You forgot guns on your list. "Antiques" won't cut it.
Your comment reflects a lot of what I hear when I try to warn family and friends about the potential disaster the civilized world faces, which can be summed up in the phrase "it could never happen here". I don't put it past any government, especially those in "free" nations who have long forgotten what real hardship feels like, to confiscate land and other assets owned outright. It's happened before and it will happen again. They may not send the brutes to physically remove you from your homestead, but they will tax your land away until you submit and become their tenant.
We already see it here in The People's Republic of California, where you are one missed property tax bill from losing your little plot of land you owned free and clear. All it takes is one unfavorable reassessment and a well-connected corporate buyer willing to pay a higher rate.
scratch,
Son, no one here wants to see those things either.
Even going the route we have chosen is not a guarantee,and life is not fair.None of us are guaranteed one more heartbeat,no matter your age.
That said, instead of trying to justify your negative views, look at it as strictly Life/Living Insurance, Gold/PM's are really not an investment, they are insurance.
Maybe if you looked at owning enough to make sure you MIGHT can retain your property, and your STUFF,perhaps that is the goad you need.
That is why I have chosen to own PM's,after working more years than you are old, I am not prepared to be a ward of the state, nor let the state steal YET again, my lifes earnings.
When you do, you have lost your liberty, your dignity, and above all your independence
I have kids older than you, I want to leave what I have left to them,not the fascists we have running this system, or the next one.
A fair point well put, I honestly cant argue with that. It sort of gets to the heart of my problem with trusting gold, its value on this site seems to be borne out of the dire mistrust of officialdom, governance, the system etc. The usual investments arguments are such as utility are redundant when gold is politicised. Gold has come to embody all that pent up rage, misanthropy, paranoia, and I must say its really powerful stuff, almost becoming like a proverbial wager on human nature itself
Do you put your faith in the people and systems in place established over centuries(that have, some may say undeserved, hierarchies), to run a country, where your wealth rises and falls with the collective decisions of the nation with a freely elected government? Or, do you say to yourself that no matter what happens, the same old problems and flaws in human nature will keep on being exploited by the wretched? It’s a ball breaker, its not just an investment choice, it’s a philosophical preference. I suppose that's why people get so touchy about it.
I find it hard to believe everything is going to collapse, too... particularly if I just read the usual news sources (FT, WSJ, NYT, London Times, etc).
And then I read blogs like ZH, which actually talk about and analyse what's going on, and I have a hard time not coming to the conclusion that some heavy shit is coming down the pike.
It sounds like your wealth is quite diversified... you should maybe consider moving some of it offshore... just in case.
You obviously have not learned about respect. You are not as prepared as you think, until you do....for people, and for your surroundings.
In the priordial soup...might made right. Hope you thought about that. When the armed thugs come along to take that which you say you can live without, what will you use to buy them off or defend yourself? Simply giving them what you have, makes you marked.
Then there is government. They don't accept potatoes for property taxes.
naw, they'll just seize my 401k.
If I were holding gold, I'd be holding a small foundry. I'm thinking of becoming highly religious and nothing expresses my love toward God like a gigantic 24k cross. Failing that, I would make a golden calf and start a synagogue
Nice one trav, sell your soul for a saussage roll.
Scratch ass, sniff finger.
Ireland has, what, 4.5 million people? There are small cities in California with that many people. When you get a grip on a world view come on back and share your wisdom.
America isnt the world rocky, even though you host the world series.
Size might be irrelevant here. If Ireland is the cornerstone in the dam. Take it out, and the entire structure breaks.
I say pull it. Ole Scratch-N-Sniff can bring his antiques over and move into my very comfortable basement (even has a rock fireplace).
May not be the world, but can most certainly destroy the fooker.
Better yet:
Register yourself as a jewelry maker and get an exclusion on handling PM's. Easy to do.
See the story I posted sometime ago.
Click on the number link below:
#355166
Why bother, just cross the border into Mexico or Canada and smuggle your coins/bullion back in. It's what the smart money is doing today.
Done that.
Caution: when you are waiting in the holding spot to cross the northern border, there are some strange vertical flat devices left and right of your car and I suspect they are listening devices and perhaps x-rays.
Bottom line talking to your mates on what to say if they find the stash, is not cool. Talk about innocent stuff without being too pretentious.
Yes, talk about the stripper's lap dance from last night. etc... Mums the words.
Take the choo-choo.
This is confirmed, if you are in Maine and take 27 west through Coburn Gore
on your way to get poulet frit at Lac Megantic you will be checked for cash or equivalent.
If you are declare you are from Texas, you will be pulled from the vehicle
and thoroughly searched for weapons!
Bon Soir!
Dapper,
If you are declare you are from Texas, you will be pulled from the vehicle
and thoroughly searched for weapons!
What if you show them your CCWP,for I.D.?(<;
Damned fascists...............LOL
I won't go across now. There is a war going on.
Gov Perry wants to take the Army into Mexico to fight the drug war.
I voted for him, but he is way off here in his attempt to get to Washington.
It used to be slightly dangerous, unlike many places in the US.
Confirmed. Recently on the US side of the US/Canadian border on rt 87 , I was pulled over by US border patrol and my car was thoroughly searched while I was questioned. I was pretty surprised. About a week later I was watching 60 Minutes and they were running a story about how the US border cops are checking cars for cash leaving the States supposedly as a new tactic to interrupt drug business. I have another suspicion.
ORACLE : they say, those are radiation detectors. I think their size, suggests a much greater capacity.
Oracle, fabulous workaround... where do I sign up?
Didn't see any reference there to registering as jewelry maker in that post but did love the story and posted a comment!
Great bracelet story.
You clearly have a strange and distorted perspective of reality. The entire nature of "metals" is that they are impervious to a government's arbitrary decisions (their pen).
If we are to play the "what-if" game, the government, if it decided to, could attempt to seize gold and silver, but would have a very difficult time trying. The GLD and SLV would be reasonably easy targets for them to steal / exchange at "fair market value". However, PMs in safe deposit, custodial accounts, and in personal posession would probably touch off a French resistance style armed revolt. It's highly unlikely and of limited value for the government to go to such ends.
"Tanks, battleships, and bombers are inherently tyrannical weapons,
while rifles are inherently democratic weapons. A complex weapon makes
the strong stronger, while a simple weapon gives claws to the weak" -- George Orwell
They could just ban trade in gold, and anyway, gold is just another idea, if there aren’t enough people believing in its worth, then you wont get much of a price… and who do the people believe? gold bugs(with lots of gold) or the TV? Its about who controls the supply, not whatever form it takes.
They could just ban trade in gold? You mean, like they banned the drug trade? Yeah, that was really effective. Most of America is high on any given day, though not as high as you are.
Prohibition banned the sale of alcohol. That worked, too. Come back when you're sober, kid. Then we'll talk.
Proof of that is that you can buy any illegal drug around school yards easier than than a legal one from the pharmacy.
Easier to buy an illegal gun than a legal one.
Supply and demand coupled with profit motive is a powerful incentive.
Oracle,
PLEASE tell me where I can buy an RPG!
Yes, then I would feel, well, more comfortable about everything...
These are long lead items and you can only buy them by the truck load.
For the price of a truck load of RPG's you can buy a nice yacht and you'll be out of the territorial waters in a jiffy. How about that?
Yeah, scratch.. I watched the Bill Still documentary too. It's true that who controls supply is key. It's also true that fiat can work just fine IF it is being used in an ascending society, where trust in government and the marketplace is full. Unfortunately for all of us, the entire globe is sinking back toward that primordial soup you nostalgically mentioned. And history has demonstrated over and over that the most fungible, transportable stores of value become money.
Sorry dude - it's also true that the vast majority of supply will remain under the control of Rothschild, Rockefeller, Saxe-Coburg and Gotha, et al.
But what would you rather have, a little or none?
Bill Still is a great guy, but painfully obtuse with not recognizing the dynamic currently in play.
Bearing Meister,
You could always try RPG Avenue in West Belfast - http://www.panoramio.com/photo/38924836
.
Funny, my earlier reply (in jest of course), was pulled. Hmm? Perhaps I accidentally hit a nerve?
Banning trade in gold is easier legislated than put into practice. We have numerous case studies just in the 20th century of such a scenario, and then you have the romans. Ahhh the romans... Diocletian is a stunningly stupid example of government's attempts at stemming the flood with an umbrella. For more modern examples, you have of course, one of the most stunning: Weimar. Austria, and Argentina are probably more in line with our current situation.
Banning things like trade in gold is a silly daydream at best. You're essentially banning a grey / black market. That tends to not really work... at all. Look at Greece, and Italy. I think the black market in those countries is something like 17% of GDP. Banning it will simply push it underground (Examples: Drugs, Prohibition of alcohol in the 20s, etc). Incidentally, by pushing industries underground, it typically raises the level of violence as well.
The trade in drugs, alcohol and guns is completely different, i.e. they all have uses!
Gold, and silver may very well remain hated by most Americans for a while... However, Americans aren't the only people spinning on this little marble of ours called earth. You have several countries and cultures where currency problems are still in recent memory and the value of gold and silver is held dear: India, China, Malaysia, Vietnam, Qatar, Saudi, South America, Russia, All of Europe, and even Canada. So, it really doesn't matter if you don't like them. It doesn't matter if you think gold jewelry is tacky and gaudy. It doesn't matter if you don't think they are a currency. All that matters is that supply is dramatically deficient to demand (paper vs metal), and that most of the rest of the world thinks they have value. That, my friend, makes it so.
For the record, on a philosophical note, if its just an idea we are talking about, its my belief that as human intelligence advances(don’t laugh yet), they will as a species downgrade the significance of shiny things.
May be true some day. Certainly don't spend much time talking about money in Star Trek. But there's a lot of history that shows we've made no (or negative) progress in this. We're a pretty money/consumption driven economy...
Watching the conversation, I guess I have to ask why you care so much about other people buying gold and silver. Most of the people on this forum doing so are expressing their FREEDOM and INDEPENDENCE from what they (and I) consider to be a corrupt and oppressive system. IMHO, the next paradigm will be much happier and healthier if we embrace our differences as opposed to imposing control. Let those that want to trade in fiat, trade in fiat, and those in gold, gold.
I don’t care what individuals do with their money traderjoe, seriously man i dont care. But you have to notice that there is a doomsday mentality when it comes to people hording PM's, its usually that loaded idea that spurns neutral people on to consider the subtle arguments. If i have a person telling me that the end of the western world is upon us, and gold is my ticket to any comfort in the inevitable carnage to come, then i might get a little scared and concerned, and after a while begin to question the judgement of the said person, I hope you understand that.
I have no trouble with you thinking that buying gold is an expression of your freedom, I think that’s great, but fucksake how much freedom do you people want! You put the government into power and are free to take power away from it, that’s freedom. And of course the system is corrupt, capitalism is what it is. It stinks by its very nature, but it gets things done quickly, and heaven forbid that the west admits that got things wrong, so it looks like its here to stay.
lol the Star track gag btw.
sorry S&S, my family worked their way up to acquire land etc as well as splurging into antiques and such..parts of american history via civil war arms, long rifles and the like. they did it through hard work but always saved a little for a rainy day. that included Au and in the last 20 years Ag. I cannot say where all of "this" goes, but I just don't think its all lollipops and candy canes. frankly, my main focus is continual building for myself, but for future generations. As such, I do not see a future where Au / Ag is not a part of that..shit copper, palladium, platinum..channeling scrooge mcduck..i just recall him swimming in his bank with coins
and you know what..capitalism, communism, totalitarianism, dem, repub, tea party...all noise..fuck that shit..and in closing..fuck a bank, fuck a central banker..i will find a way to do what is in the best interest for future unum's no matter what or die tryin'
Shell Money
http://en.wikipedia.org/wiki/Shell_money
say hello to my shiny little friend
umm, actually not so little...it weighs about 7 lbs and fires shiny little 44 Remington Mags
not long ago we had a youngster named johnny bravo. Boy he sounded a lot like you. So full of innocense and naivety with loads of enthusiasm. You remind me of him. Age and experience teaches value over time.
Since you dont have the age or experience of us older fucks, why not take the solid advice given? easy to call us goldbugs (i am into silver) but the fact is the silver and gold carry the value of the labor inherent in the finding and refining . Those who are offering you free advice have solidly studied the issue and know it well. benefit from their experience.
S&S,
If you have spent enough time here at ZH, then you probably have run across merehuman, one of our many treasures here.
He has had a very interesting life, and has put in more than he has taken out (I guess!). You would do well for yourself to listen to those who've been around... Things are NOT that much different for us then than for you now. Of course we did not have cell phones and iPads... :)
wtf...are all the women gonna die or somethin?
You idiots (like Douchinger) always talking about "utility" as the be all/end all have apparently never succeeded in getting laid...
A shiny thing like silver that happens to have the highest level of electrical conductivity and excellent anti bacterial and viral properties.
Anyways, discussions about the advancement of human society with someone who doesn't fully understand the ramifications of peak oil is pointless... It took 1000 years after the fall of Rome to get back to that level of complexity
as human intelligence, advances, they will downgrade the value, of paper money
This one world crap gets everyone a debit card. One currency, ie: no relative value, No illegal activities and complete taxable transparency.
That is the dream of some.
I have a couple of Vietnamese friends, sisters, who live here in Hawaii. Guess how they got out of Vietnam in the final days of the war? Yep, their mother had gold. Learn from their lesson that gold will always have universal value particularly in dire times.
"The trade in drugs, alcohol and guns is completely different, i.e. they all have uses!"
Don't forget the whores! For God's sake, why do none of you think of the trade and use of the whores?
idiotic...another pussy-deprived guy.
Look, women don't like guns. They do like alcohol and drugs. They also like shiny things. Therefore gold has utility.
spot on, triple +1........7
Throughout history in societal breakdown, what has been the medium of exchange?
Gold, silver, food, services, and as times start to get better: We jump into booze, silk stockings chewing gum, hershey bars on and on.
A friend who lives in Singapore uses the "BJ index" to compare living expenses from country to country. He swears to it that it does work.
'Nuff said.
BJ Index, lol.
I second JLee. LOL.
"gold is just another idea"
What I find hilarious & tragic too, is people who post their thoughts about gold on this website, who obviously haven't spent any time or effort to understand the nature of money.
You might be better placed looking into the nature of people.
The nature of people is all the more reason to stash money in an asset that is easy to hide.
"I dont even need the little wealth that i have, if it goes, it goes"
and yet your
"money is tied up in all sorts of shit, antiques, wine, cars, property(that I live in, and will keep living in) and trading accounts"
The nature of people indeed, some people are born liars and bullshit artists.
My family have lived in this house that i now own for over a century AUD, i have 2 cars and a wine cellar that i add to several times a year(even with crap wine, dosent matter it will still be worth twice what i paid in 10 years even if its made from goats piss), my antiques are debatable, and I have 2 currency trading accounts that I get my pocket money from. What part of that is so unbelievable that you think warrants’ slandering me?
Yes, though maybe when you quit opinionating on gold, which you do not even have a basic understanding of, you might not be worth slandering.
Anyone who has followed this website for more than a few months has 'read' your kind before.
Dont quite understand your first line, but anyway...
What is this basic understanding of gold i lack? Seriously man, that shit cracks me up. I have read nearly every article posted on this site since I came here regarding gold, and just watched a full 2hr documentary the other day, amoung others, regarding a certain "yellow brick road". You behave like there is some hidden secret that’s inaccessible to weak minds, when there isn’t, you are just a fanatic, high on ideology and fear. There are no certainties in life, gold is no exception. Me, I just choose not to believe, and the fanatic in you cant handle that. And thats regrettable to be fair.
"gold is just another idea"
Your words, not mine. But here's a real idea, how about you suggest a gold price in USD at which you will never post here again.
Not really getting much from you here mate, bad vibes all round.
I'm not your mate and I'm serious, you think gold is just an idea so suggest a price at which you will admit you are ignorant of the subject by not posting again.
But in case you also don't know, it's not my idea but that of another ignorant 'gold hater' who no longer posts, not as a gold hater anyhow.
mate mate mate mate givus a kiss!
AUD- chill out. Everyone's entitled to their own opinion, and this cat is at least more articulate that some I have read. Gold and Silver are going to do what they are going to do. Besides, we all know that arguing on the web is like competing in the special Olympics (even if you win, ..you're still handicapped)
(even if you win, ..you're still handicapped)
would this be called racist or just mean? serious, mate.
What is "mean" about simply acknowledging reality?
Really, why can't the hypersensitive politically correct just call a retard a retard, and the crippled the crippled anymore? Why do we constantly need new, politically-correct words and phrases every few years to define what we had perfectly good words for decades ago?
Honestly, what the Hell is with this "crippled --- handicapped --- differently abled/ special needs" crap anyway? Just like how Americans have to have a new word every five years to lable those of darker skin: "nigger" (OK, we could throw this one out) to "negro" to "black" to "Afro-American" (anyone else remember this one?) back to "black", and now "African-American". What's next, the "Melanistically Enhanced"?
beats me, my Achy Breaky Heart! just to let you know, i can't stand to watch the special olympics, painful actually. now they build the Olympics venues for the fittest and best athletes in their respective sports. then right after they are over, let these chumps go for it. i am not a big spectator fan of special handicapped people. to each their own.
no comment on the black thing. i was brought up just to respect people the way you would want to be. people stare me down cause i probably look handicapped, and take my energy away. i don't let them anymore.
Brilliant, AUD!
What's brilliant? He never said anything?
and i got B I G ears†
you sound like a frikken lawyer.
The markets are a scam (madoff) and the value of the paper traded in the markets can be destroyed when the ptb decide too. golds value cannot be destroyed and therefore preserves the value of your labour. thats all.
A century of work and you have a house to show for it? Your contribution to the family legacy is to put cheap plonk in the cellar. Nice, your ancestors must be proud.
Look around, the IMF are here, antiques and cars are not going to be in demand for some time in this country, the wine might help you fair enough but i'm stacking silver and gold because it has always done well in times like these.
Let's see you swap a sideboard for something useful.
I am in Northern Ireland szjon(no euro, no IMF), and personally, i havent worked for a century. I am only getting the show on the road.