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Moar!
ZeroHedge and Turdville are the ones buying...if they can find physical.
Otherwise it is the Central Banks who haven't yet been exposed as being insolvent.
What do I win??? I hope it's some barbarous relic.
Me
“Once is happenstance, twice is coincidence, but three times is enemy action.” – Ian Flemming, Creator of James Bond
"Clever girl" - Muldoon
Physical is available too, BTW. Both silver and gold.
It is getting bought up though, fast. Some dealers are running out. Some seem to be looking at this as an opportunity to take customers.
Dealer here has inventory, their site works and premiums are still low.
Watch the price live here and check out the featured dealer offers:
http://www.pmbull.com/gold-price/
only 6 bucks over spot for silver rounds...
Gold shows more buoyancy in the waters of the South China sea than on the futures chart.
Oh, but this (CME/COMEX) is not exactly the market where I buy my gold. Nor is the LBMA.
Try only $1.00
The biggest bullion seller in western canada, VCBE.CA, simply stopped posting prices.
That's what many large sellers did in Germany over the weekend. Those who didn't and simply raised premiums are dry now.
No one is selling the actual physical but paper is leaving the trade. Paper burns, wipes asses, is fiat. This is psychological warfare. Crush hope - create doubt - instigate panic - run for the door in the theater.
I got silver eagles for $3 over spot at my LCS today and then went boating.
Fonestar is buying!!
I love those trick questions!
It's the Annanuki Reptilians buying the gold!
(Sitting in the back of the room bouncing up and down, hand in the air, shouting me me me me me me!)
how is this different from 2008? Price eventually almost tripled from bottom og 690
1030-690---1930
1930-1350---?????
..og?! Original Gangster?
Annanuki? I thought they'd already lured enough gold and moved away...
so they're back for more? Are they using laser to beam up?
Guess they grew back in the ground after so long...
Just bought!
Will buy more! Thank you Fed for attacking Silver in your most desparate move yet! Anything to do with the falling confidence in the... fucking worthless dollar?
Wow. The grocery store here still takes my dollars for food.
Yes my grocery store still does as well... But it just seems it takes more and more of them.. Unfortunately the grocery store prices are not hedonically adjusted.
Just placed an order with nwtmint.com 1.50 over spot per round. Downside is it's 10 weeks out on delivery.
EL DJ
Please get back to us when you get actual delivery. My guess it will be even longer than that.
Cheapest silver round in Europe right now is $26.50 (spot is $22.80) and it seems there'll be a lot of fishing trips this weekend...
Though, in all my thankfulness to various squids and leeches of this world, I'm just not sure if our current monkeyhammering is a product of utter stupidity or mastermind planning. Surely a lot of weak hands will lose their nerve, but I think der fünfte reich has a much larger bite on their minds. Few possible candidates... keep on stacking and don't forget the popcorn!
"Physical is available too, BTW. Both silver and gold..."
APMEX sold abour 147 @ 10 ozt. silver bars the last about 4.5 hours. They have les than 7 hours supply at this rate:
http://gold-silver.us/forum/showthread.php?27317-GSUS-APMEX-Precious-Met...
#Velociraptorized
Philosoraptor akshly.
David Icke wants your gold ... He is trying to corner the market in conjunction with the Reptilians...
+1 for correctly identifying the meme.
And fancy cat gives you this...
http://www.quickmeme.com/meme/3rxyzl/
The eternal nature of US velociraptorism is the mattering thing.
A wholly owned subsidiary of the Federal Reserve Bank.
The 'GoldSMYTHES' are interested in your bullion & will be so nice to offer the tried & true value of joobux for it at 50% off... They're doing you a favor... That's why everyone loves them so much... You can spend those joobux wisely buying $10 buckets of popcorn at the next Spielberg holocaust movie...
~~~
Edit: So I guess it was just me that noticed that the image to represent the mysterious entity that is buying your gold was CHOSEN to be a lizard...
It should read "Cash for 27% of your Gold!"
Wrong 27% cash for 100% gold.
I talked to a rep from one of those outfits that came to my town for a few days, and the owner was in fact "Chase."
Next will come a "CASH FOR GOLD TEETH" program, coming soon to a funeral parlour near you.
Just waiting for "Cash for Kidneys"
Why Hoard those Extra Organs?
Those organs should be out in the economy, chasing productive assets!
...more like coming to a nursing home near you.
"CASH FOR GOLD TEETH" program, coming soon to a funeral parlour near you.
Ya know....
Why does the "CASH" sign look like its made from diamonds, not from fiat?
"If everyone is selling their gold, I wonder who's buying?"
The precipitous drop in price suggests a lot fewer than who are selling, I'd have thought.
(In the paper markets, at least)
Fallacy alert!
There is a buyer and a seller for every trade.
What is the chance that buyer and seller are two desks of the same institution going back and forth on the same lot driving the price down?
if you consider JPM and the Fed to be same institution, then the chance is high.
True...as far as that goes, which is not far enough. In every trade there has to be a buyer AND seller, else there is no trade. The key here, however, is the estabishment of price not the existence of a trade. And it is the relative strength of each side that causes price discovery and movement.
In a very thin market like gold, and where paper-based selling pressure can aggravate that thinness, price swings can be dramatic and discontinuous. So yes, who's buying (as someone must be) is an interesting question, but where the excess selling pressure is coming from is even more so.
Bingo
I think if you change buyer and seller to potential buyer and potential seller (meaning someone who is likely to trade near that current price), then the original post is correct, there are a lot more potential sellers than potential buyers. The laws of supply and demand apply as much to buyers and sellers as to everything else. As trades occur the number of people who have the money and inclination to buy into a rally starts to diminish (we do not have infinite buyers or infinite resources to buy) and the supply of potential sellers increases. When potential sellers start to greatly outnumber potential buyers then the market must drop.
There is a buyer and a seller for every trade.
Er, that's in an honest, real market--something we don't see any more. Remember what came back to haunt Enron and Reliant Energy? They called it 'round trip trades': Each would buy X oil or gas contracts, with the other company taking the opposite side of the contracts. Then they would repeat the trades, but with the buyer being the seller this time, and vice versa. Thus the trades were a net wash for both sides. It gave the appearance of high demand and drove prices up, while allowing each company to book false revenue. But it was no more real demand than GLD's paper buys in the gold markets. Both buyers and sellers were phony.
Do you really think this kind of chicanery ended with Enron? The Fed is a phony buyer for over a trillion dollars a year in Treasury paper and MERS-backed securities. It's easy enough for the Fed and its bullion bank cronies like ABX to create synthetic selling pressure in futures markets to distort bullion prices downward. Barrick admitted doing it in the 2002 lawsuit Blanchard vs. Barrick, et al, but got off the hook by arguing that they were acting as an agent of a branch of government (the Fed!) and thus were immune from injunction or penalty.
But there's an unpleasant side effect of sending false signals to the market of weak demand; you create shortages. Low prices signal that there's too much supply on hand, even as you find inventory disappearing. That's why Hugo Chavez couldn't keep grocery prices from rising in Venezuela; eggs and rice and other staples went into scarcity.
No. Neither market is bidless.
Can you cook, or at least suck the chrome off a trailer-hitch?
Me too.
Me too.
Funny loking Squid there Tyler.
Who always does the oposite of what they advise their Muppets err.. clients ?
You beat me to it. Should be a squid.
Are you unfamiiliar with reptilians?
The Reptilians, Miss.
The Reptilians, pllleeeeeease....
My brother and his father in law called Fri to get the number of my Monex broker. And they are buying silver and saving cash to buy more as it drops. Of course the elites are all buying.
72 virgins
72 virgins
Well, it can't be all retail doing the buying, that's for sure.
Given that the paper markets are leveraged 100:1, nobody is really "buying" the fake gold and silver getting sold. Rather, bullion banks are merely reducing short positions while buying up the forced liquidations. It is all paper games, but the leverage will be reduced on the short side, as the banks will end up with perhaps a net long position. When the hedgies that are short cover shorts, the banks profit.
Yep--and the house knows who's long and how leveraged.
Who's buying?
The Bitchez!
Blythe. She's taking her profit and a mighty good one it is. Her (and her boss's) bonus will be something to behold. What a great opportunity to get out of her smelly shorts by selling them to the hedge funds.
It couldn't happen to a nicer pair.
tmosley. He either has infinity cash or buys $20 worth at a time.
If I could avoid prosecution and print money, I'd be all in on the acquisition of gold also. Paper + ink in exchange for gold? Yeah, that's a no-brainer. I've tried to trade my toilet paper for some gold, but I guess the quality of my hand-drawn art work is just not in demand like the countenance of Benjamin Franklin. :-O
me
China
+1
PBOC
Russia and India as well. Brazil took their gold back already.
Not so sure about Indians though today:
http://www.zerohedge.com/contributed/2013-04-15/why-gold-crashing#commen...
The Banco do Brasil has not taken back gold from anyone. All Banco do Brasil gold reserves are 'held' as time deposits with commercial institutions (i.e. Bullion Banks).
We the people are buying up all the physical.
It doesn't matter -- it's only paper. I used a lot this AM in the bathroom.
sunny
Did you have Mexican yesterday?
Only 1 person is buying gold?
What a stupid question.
The Beaver is buying, Walt.
*Ward.
He was referring to "Breaking Beaver," the obscure show from the late '50s about an all-American kid and his dad cooking meth.
With Eddie Haskel and Wally slinging grams at the local high schools.
"Wha jeez Wally! You and Eddie have turned the cheerleading squad into crack hoes!"
-The Beaver
You guys are too much. LOL
all the way from 1969
http://www.bing.com/videos/search?q=crystal+blue+persuasion&view=detail&...
I saw Eddie Haskel in a TV commercial last Fall. He was even his obnoxious self. I forget what he was trying to sell, Reverse mortgages or hemorrhoid cream or...
meth, FFS
I think he was a spokesman for Goldline, selling ancient Roman gold coins at three times their market value? "Mr. and Mrs. Sixpack the numismatic value of these coins from the pockets of Ceasar which may have been touched by Jesus....."
I think you're being a little too hard on the beaver!
The imponderable question.
Anyone awake, alert, with liquid assets.
when to buy? :)
Please clarify, physical or paper gold?
B-B-B-But-but-But physical is safer r-r-r-r-r-rIght?
No
Paper gold is definitely where YOU want to be.
I perfer boxes of the 500 Euro notes
UNSTACK BITCHEZ !
Who is selling? I went to two local coin dealers today and neither had any silver or gold bullion for sale. One guy told me that he's not sure he would sell at these prices even if he had any to sell.
All I see is a few internet sellers with big premium mark-ups who are promising some future delivery. I don't see any anxious sellers.
picked up 100 2013 ASEs this morning for $26.50 bitchez-may go back this afternoon.
I went to the coin dealer early and the crowd came in right behind me. He was not going to make the day with his inventory he said. I lightened his load by 200+ oz. of silver and got the hell out of Dodge.
The s*#t is hitting the fan.
Time to..
Release The Kraken!
It's time to do that voodoo that you do!!
Why do you think they call it Goldman? Bitchezz!!!!!
Gold is fucking boring and prone to theft (legalised or otherwise).
Most people would do far better to spend their hard earned money on learning some new skills.
or some 6 gal. pails of oatmeal at Costco this weekend at $18 each. You can "eat" your oatmeal.
Rolled oats suck. Try steel cut.
Steel cut oats are great and so is Jamaican Blue Mountain coffee, but with steel cut oats at about $7 a pound vs 25 lbs of rolled oats at $18/ six gal pail..... When you're hungry you won't notice the difference.
Grain is for cattle, though even they shouldn't eat it.
Here on the high desert we have another month before planting the garden.
What skills would you suggest, exactly?
If you assume that the economy is going to go along just fine, then modern skills could be in demand. OTOH, if you understand that the economy is going to crash, let me suggest some other, more traditional skills that might be useful:
Gold and silver testing, weighing and exchanging for tangible goods. Now is a great time to stock up on pre-65 silver coins, if you can find them for sale?
numbchuck skills... bowhunting skills... computer hacking skills...
This question is meaningless unless you make a distinction between paper and physical.
so you are suggesting the dinosaurs are buying?
Dinosaurs are pondering. They don't have pockets to buy and sell.
Nor could they reach them if they had said pockets.
http://www.youtube.com/watch?v=p92SfdpBnbQ
"Potter's not selling, he's buying!"
Well, Warren Buffet isn't. He is too busying knick kanckin' with Becky Quick:
https://www.youtube.com/watch?v=vFZhL92W6TE
Maybe it's a computer error. An algo somewhere is front running itself.
That's easy,
Ben is buying up all the paper gold, he needs the paper for his printer....Duh..
The TV told me that nobody is buying...only sellers in this market...thank you TV...what would I do without you?
They just throw it out the window and their bank gives them money.
noone selling? where do you live
So ah, when is it going to dip?
Jim Willie:
http://www.youtube.com/watch?v=c5rZlkoDZKQ
Rick Santelli:
http://dailybail.com/home/santelli-on-gold-panic-selling-heres-the-rumor...
shithead ferguson and the turdites
Presumably, everybody who had stock in bit coins.
It should say:
If everyone is selling their paper etf's
I wonder who is buying the paper etf's?
Central banks? Hedge Funds? The Chinese? The Riddler?
Remember, Germany and Texas asked for their physical gold from the FED. Wouldn't The Bernack need to scare everyone out of their gold, slam down the price of paper gold so he can buy it to deliever the physical........... I'm just sayin'
Now, if the babylonian banksters knew that paper was only going to be good for arse wipe in the very near future, then they might do and manipulate all they could to acquire all that is possible in the continuing agenda to destroy America. All this is so basic, and just a repeat of many other cycles. When one walks in Harmony, they are walking in cycles. Just as the squirrels do when preparing for winter, and making spring arrangements. An Indian walks in cycles with the earth, and nature. Humans know deeply there is something wrong. Mass chaos and fear the two greatest tools of the deceptiCON. There are far greater things to be concerned about for sure. Say comet ISON is one of those things.
And speaking of things, what are those "coo-coo people" up to now?
Greg Hunters Latest:
http://usawatchdog.com/extreme-nervousness-in-regards-to-collapse-gold-s...
Sorry to play the heretic here ladies....but he who panics first panics best.
Look at your charts from 2008. That crash wasn't over in two days. This bitch probably still has some more to go. Perhaps better to take your losses and come back later and buy for fewer FRNs.
Winners don't panic.
Those who panic may live to fight another day, but they never come out on top.
Look at those charts again, we have long free-fall before we get even approach the gold prices of 08-09, and there are no guarantees of availability. Even if hell freezes over or the wholesale funding markets refreeze, I can guarantee my gold is right where I left it, and available whenever I want it.
Winners never quit!
Quitters never win!
What happened to " Better get out while I'm ahead!" :-)
You must have lost your towel.
You sass that JohnG? Now there's a hoopy frood who knows where his towel is.
Its not me. All my Dollars belong to The state. Tax deadline today
I'm. Fucking. Buying.
Hand over fist BitcheZ!!!!!
This is sooo stupid!
What has changed--- for the better? Nothing.
More printing, more paper and all the gold sold, paper, I guess.
The markets are completely overrun by freshly printed fiat. The FED can buy gold with an entry in the books, and sell it again, without having a single real dollar in it's hand. It is all smoke and mirrors I guess. Who are getting rid of the physical??
I will buy one coin a day at these levels, this must be the closest thing to gold on special.
And I know it will turn around, I have not even an inkling of a doubt.
I've been buying cash since December 7, 2011.
no need to buy it, people give it to you if you have a job.
"Clever Girl!"
Gold confers power. Power comes to any man who has the color.
The color is Black as in BLACK Monday
"Pain or damage don't end the world. Or despair or fucking beatings. The world ends when you're dead. Until then, you got more punishment in store. Stand it like a man... and give some back."
-Al Swearengen
i am sad
don't be sad
.....
I am!
"Peace sells, but who's buying?"
A: Who cares!
An even better Q: COULD GOLD PRICES GO LOWER?
One A: http://www.kitco.com/news/video/show/on-the-spot/284/2013-04-15/Can-it-Go-Lower-Absolutely-says-George-Gero-April-15-2013
It's 3PM motherfuckers! Do you know where your algo ramp is?
I'm not buying their worthless paper, but I will take the opportunity to pickup some moar phyzzz.
Plenty available
Liar
I bought some phyzz gold today. Wanted silver but the phyzz premium was too high for my taste. I see the premium on phyzz gold rocketing higher soon too.
CNBS is selling a BTFD story for the DOW but is saying that gold is a bubble. I need to learn how to spin things like this. I could come home with the wait staff from Hooters and tell my wife she's not really seeing what she's seeing.