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US Mint Sells Record 63,500 Ounces Of Gold In One Day
One of the more curious revelations of the New Normal is the fundamental dichotomy when investing between paper "investors", or those who chase returns based on intangible, fiat-based and central bank-backed promises, such as capital appreciation or cash flow streams, and those who would rather convert their paper money into hard assets, even if said assets can not be, in the immortal words of Warren Buffett, fondled, or otherwise generate a cash-based return. Such as gold.
Today provides perhaps the perfect example of how the former increasingly trade on nothing but momentum and speculative mania (such as the previously reported record inflow of foreign capital into the Japanese stock market well after the bulk of the easy upside has already been made and at this point there is mostly downside) and where buying begets only more buying, while rampant selling only leads to liquidations, while those who invest in hard assets (and thus have little to no leverage) have become the true value investors, purchasing more as the price of the underlying asset drops. Yes, a novel concept to most High Frequency Trading vacuum tubes, and the momentum-chasing, equity trading "expert" du jour, but nothing new to Indians, Australians, Chinese or the Japanese.
And apparently to at least some Americans.
According to today's data from the US Mint, a record 63,500 ounces, or a whopping 2 tons, of gold were reported sold on April 17th alone, bringing the total sales for the month to a whopping 147,000 ounces or more than the previous two months combined with just half of the month gone.
Punchline number one, as the chart below shows, is that the more the price of gold fell, the more aggressive the purchases of physical gold through the Mint became, rising to 96,500 oz in the last two days alone. Buying more of something you want when the price drops: what a stunning concept - explain that to the algos who nearly crashed the German stock market overnight.
Punchline number two, of course, is that the US mint charges a hefty premium for purchases: much more so than traditional vendors like Apmex or Gainesville Coins, and is usually the last resort for when nobody else has any physical at a lower premium to spot (or any metal in inventory).
So how long until the US mint "runs out" of American Eagles and Buffaloes in inventory, along with the depletion of all other precious metal vendors? And what happens if the price of paper gold hits zero (or goes negative) courtesy of bank and financial institution liquidation selling of paper derivative contracts nebulously referencing some yellow metal somewhere, even as suddenly there is no physical to be delivered to anyone, anywhere?
Inquiring minds really want to know.
h/t Alex, source US Mint
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Tip e. Not yet. I want content and I want it to be from a lot more people than me. Look at ZH and LRC...they have a lot of writers and damned good ones. Boating Accident News is not a site intended to be all about me and it's not. I will give access as a writer to the site if you e-mail me and ask. And no one has to follow any protocol or timeline. You can post when you feel like posting. Don't press yourself to write on deadline.
There is no agenda, it is just freewriting. There are a lot of very good bloggers here on ZH and I would like to hear moar.
Just make up a bullshit net-based account and e-mail me manipuflation@boatingaccidentnews.com and I can fill you in. I do not not want to know who you are, I want to see you write.
I am subsidizing this adventure. We have approximately 1.75 years left so no hurry. It's paid for but remember it is a shared server and not a ZH type dedicated server. Seems stable though.
Thank you for the kind words tip e.:-) I saw a couple of comments to the affirmative in support. That encourages me to improve. Profit could be a motive eventually but not at this time. Any such profit motives would have to be discussed. The blog is barely a newborn.
Very nice. I lol'd
Manipuflation Great humor, and so true. you get my personal gold plated tungsten star of the week! Laughing my ass off.
:-) Tungsten?LOL
LOL. Reminds me of this from Trailer Park Boys: http://www.youtube.com/watch?v=MZTXQLDv4v4
Trailer Park Boys should be watched by one and all.
You need to sell PVC end caps too.
(Nice site.)
April 17th?
They shook lots of weak haand sout or forced those out who were highly leveraged....poor folks.
it's your job to be leveraged. that's why they call it "Wall Street." the big boys hang out in the concrete and rebar market of course. nothing wrong with lumber, corn, soybeans, copper or orange juice in my book either. "buy it all."
About the time physical runs out, the fed will confiscate.
Confiscate in a globalist world of their creation? Eejit. Wrong. The wizard of oz is broke.
Ben B. won't be able to confiscate his own dick by the time this fire is roaring.
I pity Chairsatan, the believer, and I pity O'bomba even more when he comes to Boston on Thursday.
That $hit don't fly here anymore. Tolerated, it is. Not bought.
BTFD in gold and silver.
While not unreasonable to presume, I've got a popcorn stash at the ready so I can munch while they spin to the sheeple why they must suddenly confiscate a non-monetized barbarous relic ... a shiny rock, really ... to "save they system". *munch* *munch*
i hope its not gmo corn. kills your nads.
Now is the time to buy the dip. Zionists are losing their grip.
How is that? The tribe controls this country.
First comes the deflation. Before the HyperINFLATION. Whoa.
Have we found a floor for physical?
No! By the time they're through, it'll look like the floor of a slaughter house.
The pigs have gotten fat, now the hogs are getting slaughtered.
This is the same thing that happened when the housing bubble popped. A soon as it did people were rushing in to buy moaaaaaaaaaaaarrrrrrr houses. /s
Selling off... Brent well under 100.
ekm, significant, yes?
Yes. Also, crude futures are really close to breaking 85. 85 breaks a first line of defense, if we break meaningfully below 80, look out below.
ekm says $40 crude. He may well be right. As of right now this is just a wonderful gift to the consumer just in time for prime driving season!
do you remember how low it got in 2009 fonz?
$60?
If oil hits 40, you better be underground and stocked at that point........
40 dollar crude won't be consumer heaven? I won't go for a drive just to go for a drive?
funny how things work.........40 crude means massive deflationary wave.......which means your drive would look like this..............
http://www.youtube.com/watch?v=nLCmcV4gC_0
If you're just talking crude futures, it actually dipped below 40 at a couple of points in '09.
http://www.finviz.com/futures_charts.ashx?t=CL&p=w1
I concur. Bernank will lose...and even at lower numbers, people will be caught short.
Ok. Bring on another smack down. This is really entertaining.
Agreed. You become inured to the bullshit after awhile.
CNN BREAKING NEWS:
NORTH KOREA SAYS THEY WILL BE RELEASING A NEW BETTER ANIMATED VIDEO OF US TROOPS IN FLAMES.
CNN SUSPECT ARRESTED IN RICIN CASE, er UPDATE SUSPECT WAS EATING A POWDERED DONUT WHEN LETTER WAS WRITTEN UPDATE LAB HAD A FALSE NEGATIVE, ALL CLEAR
BOSTON BOMBER ARRESTED, ER MAYBE NOT, DARK SKINNED, ER, WHITE TERRORIST ER
OH FUCK IT, WE PUMP WHATEVER THE CIA WANTS
Funny...until it is someone you know with legs and hands blown off or dead. CNN...Zionist news.
Not quite sure how to respond.
I don't think I was making light of human tragedy, that isn't my style. Unless Corizine, Blankfein, Lewis, Geithner, Bernank, Mozilo, Fuld,Moynihan, Thain etc all happened to get burned alive in a building. Then again, are they even human?
fuck him. we all got the point.
when has a decline in anything ended with people people anxious to buy ? the price decline of gold or anything else will probably be over when no one wants to go near it.
It seems to me some 'trader mafia' is attacking gold market in a planned manner. They want to destroy the bull market.
Problem is, they can control the leveraged market. They cannot control physicals. A long term flow from one country to another may create a lost decade.
U.S. Citizens buying guns, ammo, Gold, and Silver hand over fist.
What does that tell you - you maleficent mismanaging mandarins of malfeasance!?!?
It tells this magnificant maleficent mismanaging mandrin orange of malfeasence that my supply of food water and other essentials is sufficient and that my MSM molded consumer brain should shift to buying some of the finer funner things in life.
I gave you a greenie just for the alliteration...
What am I gonna do with all this useless gold I bought? The gold-haters are messing up my plans!
now you undestand what Buffet meant of the worthless effort of digging the gold out of the mountains, then digging a hole to put it in and pay guards to guard it ...
mining of gold should be banned - not good for the environment!
The one holding the most paper LOSES
before the buyers celebrate too much, I recommend they check to make sure that they didn't just walk off with a windfall of tungsten
Caveat emptor. Only crooks buy gold and silver wrapped tungsten, and they know it.
If the price is too good to be true, then it is not true.
Need to wait till this weekend to make a large purchase, I hope I'm not to late!
You might luck out. Looks like we'll know by Thurs. if the trend is down, or up.
Sorry. No safe havens anymore.
This is pure chaos. A perfect example of what happens when govt/central banks meddle in markets. No one is in control.
We had it coming...
I don't know chump...1550 on the S&P is not chaos. 1200 on the S&P is not chaos. as of right now this is a 2% equity drop and a kick in the pm teeth. it is Christmas morning every day for cnbc right now.
Fonzannoon,
Yeah, but the thing is, if equities are solely supported by roaming computer systems and central banks, that should be supporting commodities at least - re-inflation trade. It's not happening
...put it this way my guts...it don't feel too good at the moment.
Something big is going to hit, from all angles. Hence chaos.
Check this:
*London Copper (futures) trading at 6,910 after closing at 7,080 down 2.40%
First time since 2011!!! Even with QE all in!
I am no doomsday guy (well kinda). But, I'd say brace for impact.
Also CNBC I think are addicted to meth
i hear you chump. i know in my balls that the gold move was orchestrated. i'm tired of the pre programmed events. i want to to see a bolt snap and some screws come loose in real time.
dup
Naked Eyes - Promises, Promises
http://www.youtube.com/watch?v=vWNJlc-IylY (3:46)
I amuses me to no end that the people/bots behind this are so detatched from reality that the concept of price elasticity as taught in high school economics classes is beyond their grasp.
From ABC Bullion in Australia in email to their clients "We've sold record numbers of our 1oz bars this week, and our team is working hard to make sure we've got the gold and silver you need." and this is having an impact on their ability to physically deal with customers given the volume of purchases.
So big spike in retail sales in India, the US, Australia, and no doubt elsewhere, and the price keeps falling. No complaints, since it is a buying opportunity, but unless some of the CBs are selling real gold, it demonstrates manipulation in the paper market that is totally inconsistent with how normal demand and supply works in the physical world.
True, bazza.
Your friend,
cr
The bastids are on the run. Let's keep them running...
when you observe the DJIA in contrast to XOM or copper and aluminum I can't help thinking that when the DJIA finally wakes up and looks down it's going to be a blood bath.. and soon.
http://fiatflaws.blogspot.com/
Damn, i've been trying to make a chart of the US Mint ASE + AGE sales... but my charting skills sux0rs :(
Just as an FYI, as I posted in another thread -- COMEX inventory down another 100K ounces yesterday, 2.8% drop in inventory level in the past 8 days. The mint isn't the only one seeing the stuff fly out the door!
Can anyone with good memory let me know if this type of smack down happen before and what were the numbers?
I understand some retails have been having troubles getting inventory... and the Mint having trouble getting blanks and such... but how much of this is only an issue of unexpected increase in demand and hence a logistical problem rather than an actual physical commodity supply problem.
Maybe there's a few links in the phys supply chain that I'm missing.
Like... would this be wrong: maybe they didn't expect demand to soar so they only contracted out 10,000,000 oz and hence refiners didn't bother refining more than that... so increased demand of late forcing all levels of supply chain to revamp operations.
That being said I've been having some goosebumps reading the news about retailers getting flooded with requests.
Silent bullion run!
What does that tell you? Are dealerships out of cars? Are there no houses for sale? Are we having trouble keeping gas stations stocked? NO. Guns, ammo and gold are bought out. It's not a conspiracy or lack of stocking....they're in short supply from HEAVY DEMAND.
Another Amen.
It also means that for the most part, all these people are removing money from banks. Bullion Runs = Bank Runs.
Heading over to the beans aisle now.
My local dealer said that they have already ordered all the ASEs from the mint that they were allowed to order and that those are already presold. They don't even have an expected arrival date yet.
Ya... ordered from my dealer... expected end of May... MAYBE.
When you are in bed with pirates, don't grab the sheets too hard.
This story is NOWHERE to be found on a google news search.
More evidence of the Bernanke fix. Quite obviously if this headline screams across the NYT then 63,500 quickly becomes 250,000 etc etc etc - exactly the opposite of what Bernanke intended when he and his GS cronies tanked gold and silver.
Hm APMEX ran out of 2013 Silver Maples.
ASE's in stock, but "delayed Apr 30".
I only post every other year, but this article is worth commenting. Hello CFTC, SEC. Please explain? Hello Gartman, CNBC, Reuters, Financial Times, Fox Business news! One thing to consider, TPTB have not suffered the trials of honest investors. Satan may be in charge, but Jesus is coming.
"They're evaluating the situation"
Fiddle Diddle here's a riddle:
How can something that has limited supply...
Completely sell out....
Yet the price could still go down?
Think of it as a "going out of business" sale. Everything must go. They keep cutting price to move out all inventory before the doors are locked.
the US has way too much gold for an indebted importing country. its gold has to go. and it is going.
All the Local Coin Shops within' a 500 mile radius of me are fucking sold out of everything except some palladium and platinum.
WTF?!
http://www.youtube.com/watch?v=ZS2Z19yTuPI
You gotta give it to Obama...Best salesman ever:
Guns
Ammo
Gold
Silver
5 gal. buckets long grain rice
Farm land
Wind generators
I could go on....
Everyone is hunkering down.
There isn't a week go by that someone doesn't do a title search at the county clerk to see who owns my land.
people are moving and they want remote, obscure property. Far away from.....anyone.
Obviously you don't live in Florida as all that is online.
Adverse possession laws down here are SWEET!!
Haven't got lucky yet though, but I do searches every few months.
Death camps
Labor camps
Killer flying robot cops
Kentucky rednecks capable of making ricin w/o killing themselves, yet stupid enough to mail it to the most popular politicians in US history
Suicide by CtrlP
Disarming people he hates and who are in an increasingly dangerous situation he is responsible for
Even more brainwashing children
Birth certificates any illegal could spot
No illegals
Destroying the middle class
I could go on... but you know he's getting help.
Illegal lightbulbs.
TSA hand jobs
Mandatory LoJack on cars
Gps units which you can't operate when you drive.
Can't throw away an empty paint can
3 special Ed teacher for every student
No ID for voting
ID required to talk to Senator
Outlawed cash
Tax credit for no income
mandatory vaccinations
Health care - nuff said.
What the heck just happen to the futures?
For the first time ever... When I checked earlier today APMEX was out of 1 OZ Sunshine and APMEX silver rounds..... Just saying!
The paper price reflects the depletion of the metal so that when there is zero metal left to buy, the paper price will be zero.
Bangkok gold rush
http://www.bangkokpost.com/news/local/345752/gold-buyers-rush-in-as-prices-plunge
Well then...that explains the new "after hour slam" on the metals then....
Gold slammed $40 bucks after market close..... in minutes.
silver nailed too.
Sincerely fuck yous bankers each and every one of yous...
How yous fucking sleep at night is beyond me...
I actually thinking about buying mohr silver, I wish it was on sale when I last bought 2 weeks ago. I always seem to miss the sales.
I know how you feel. Bad timing on my part too. But if this continues and I will buy more
Don't worry, you'll be okay.
With silver that I have I've been up and down through red and green, never sold any... You wouldn't sell it anyway :-) Keep stacking!
This week I haven't bought more because I don't have money. I bought gold this time, silver will have to wait.
The only reason I can imagine that the Government is selling its gold is to generate cash liquity by exchanging the gold for fiat....with the ultimate end goal of then confiscating the gold they sold....total wealth transfer from private citizens to government.
That is the ONLY reason I refrain from buying gold. I do buy silver because I consider it far less of a target for confiscation.
> I do buy silver because I consider it far less of a target for confiscation.
In other words, you buy it because you think it's less valuable. Okay.
(I also buy silver).
its a production problem and not a shortage of gold problem
How does that differ?
If you can't meet demand with supply, it's a shortage, regardless of whether it's because enough of the commodity can be produced, or if stockpiles are too low.
A production problem is a shortage problem, and in a shortage (in a capitalist system) that means higher prices.
Yet we aren't seeing higher prices...
I bought GDXJ at 12 thinking "This is how I recover from last year when those fuckers went from 23-19......if everyone is buying it hand over fucking fist, shouldn't miner shares go parabolic!?!? Fuck. You. Dimon.
Naked shorting of stocks can be done with impunity.
With commodities, you eventually run out of the commodity.
We are in a natural cycle of a commodity bull run, and the Federal Reserve and banks are doing everything they can to stop it, as a result, it's going to overshoot well beyond where it should have - because they created a shortage of the underlying commodity.
Corruption on wallstreet works both ways. Just realize this is corruption, and take advantage of it. At the end of the day, the criminals will be buying the metal too, pumping it up, and getting every last person in. They aren't here to help the government, they are here to help themselves. They own the government.
Let me add two disjointed and poorly thought out points:
1) I always thought gold confiscation was unlikely since the public has no bullion gold to take. Might have to start rethinking that if this keeps up (though maybe overall we are still talking about a miniscule percentage of the US population - you know, the minority "whack jobs" who aren't like "you and me")
2) I always thought that mass shortages (or a comex default) of silver were theoretically possible because there actually is a relatively limited amount of the stuff out there. But real gold "shortages" seemed impossible at least until the last few days of the system owing to the sheer amount of the stuff above ground relative to annual mining production (honestly in a balanced market without huge Asian marginal buyers who gives a shit if the gold mines shut down for 3 years?).
But, my god, what if the gold is really nearly gone right now and they cannot hide it anymore? All this claptrap about the paper price falling precipitously on no news to near $0 would be true then wouldn't it?
The Friday/Monday takedowns reminded me that when I bought gold I told myself that one day I would have to "go through the fire" to ever see a spectaculor return on it. Maybe its just starting to get hot?
I confess. I went long SLV calls with the thought that I would watch silver hit 40 by summer, that rather than be greedy I would at some point trade out for phys. The other thought was "why the hell would you do this?", just buy the phys, greed is going to ruin this effort.
Essentially I was expecting the markets to break, as many have suggested. It will be interesting to see how this plays out, if indeed the timing and events are correct but only the price went the wrong way.
Greed may indeed end up ruining the effort.
It's a stampede to physical. Thank youi, Internet.
All they ever had to do was fight a smooth and quiet delaying action and their trade could have gone on indefinitely. Nobody in my circle (but me) gives a single rat's patoot how much an oz of gold or silver costs. I gave away a few Peace dollars trying to get these people to think about getting in themselves. Glassy stares, bore of the party, so I gave it up.
The rank and file could not care less. PMs weren't even on their radar.
Now these bizarre raids brought the very attention they should have avoided, leading to chaos and destruction across the world just because they couldn't let it go.
The more PMs drop, the more attractive they become, and the more I'll buy.
Central bankers can only suppress the effects of printing excessive amounts of fiat for so long. It's written in history. Fiat always fails. This time is not different.
Place your vote here.
Step right up and vote on the US FInancial System.
Place your vote for or against The Bernank and the WS whores and Banksters.
Step right up.....
Paper gold is a voting vehicle and the WS Whores and Banksters have placed theirs......
Good thing the US Mint only sells directly to Persons of the Corporate persuasion(and NOT just some riff-raff(US Citizen) off the street), or imagine how much busier( and profitable) they would have been of late.
If that pace kept up for a little over 2 years, it would consume all the gold that is known to currently exist.
Here is the thing that bothers me. This began 5 years ago and m1 has shot up dramatically. Why hasn't inflation taken off? Are we already in a deflationary spiral but don't know it? Although there are 20 offers on nice houses here in San Diego ....hmmm I really can't figure it out.
ask yourself where all the newly printed money went ? The money went to repair banks' deteriorating balance sheets (because the value of the assets on their balances went down and continues to go down). Fed is fighting deflation and if it did not we would have experienced banks collapses businesses bankrupties huge employment massive debt write-offs. All that is still ahead of us in EU. The US banks are somewhat repaired for now but it is a lengthy process (like in Japan)
What's deflating? Seriously. What goods and services that you buy everyday, other than houses, have deflated? You could argue that consumer prices haven't risen as much as some predicted. But deflation? I don't see it in my life.
The US dollar is world reserve currency. The inflation is being exported to creditor countries, in fact it's america's biggest export. China for example. You buy Chinese stuff with USD. They end up with massive US dollar reserves.
The inflation, is in China.
Note they are desperate to change this, it's causing social unrest. When they do, the USD will no longer be reserve currency and all that exported inflation will come home to the US.
Make a list of everything that's gone up in price over the last decade (or two decades, or eight decades), and then another of everything that's gone down in price. See which one is longer. Then get back to us.
Let me see if I can help you understand:
Banks are holding the cash. There have been charts on ZH proving it. Inflation has hit FOOD and GAS. No prices of consumer goods is NOT inflating, because business's have to take a hit in profits to keep customers coming in. As a business owner, many things have gone up in price: payroll, taxes, electricity, coke products for vending machine, paper products, food products, cleaning products, etc. etc. BUT I CAN NOT GO UP ON PRICES. IN FACT I HAVE TO OFFER MORE DEALS TO GET CUSTOMERS IN THE DOOR TO STAY IN BUSINESS!!!!!!!!!!
Let me see if I can help you understand:
Banks are holding the cash. There have been charts on ZH proving it. Inflation has hit FOOD and GAS. Prices of other consumer goods is NOT inflating, because business's have to take a hit in profits to keep customers coming in. As a business owner, many things have gone up in price: payroll, taxes, electricity, coke products for vending machine, paper products, food products, cleaning products, etc. etc. BUT I CAN NOT GO UP ON PRICES. IN FACT I HAVE TO OFFER MORE DEALS TO GET CUSTOMERS IN THE DOOR TO STAY IN BUSINESS!!!!!!!!!!
Odds of COMEX default increasing Exponentially...
http://silverdoctors.com/odds-of-comex-default-increasing-exponentially/
"A”default” can occur if too many longs stand for delivery. This very well could happen and the likelihood has risen in just the last 2 trading days as open interest has increased rather than decreased. If 10% of the longs stood for delivery in Silver, the inventory would be wiped out."
Call their bluff......demand delivery
Read the comments.....
And I thought I was going to use my Wheelbarrel for fiat...
Apparently nobody here is looking at the chart.
Here's my interpretation:
Sold.
To.
You.
Gold to $900
Fat fingers in the real (aka "paper") gold markets move more that 63K ounces by ACCIDENT.
The gold crash will finally demonstrate to middle-class individual investors exactly how little they matter.
WHAT DON'T YOU GET? I'm willing to lose money on physical bullion as long as confidence in the criminal U.S. government is destroyed. Does that make things a little clearer for you?
> Fat fingers in the real (aka "paper") gold markets move more that 63K ounces by ACCIDENT.
Fine. My interpretation of this fact is: fucking hell - paper gold "market" is rigged. Hoard physical gold!
> The gold crash will finally demonstrate to middle-class individual investors exactly how little they matter.
Great. My conclusion is: the government that's supposed to oversee the markets is corrupt and incompetent. Hoard physical gold!
Thanks for the useful info. I'll buy more than I planned.
I hate it when commentators get bullion and collector coins mixed up. These are the coins sold to Gainesville coins and Apmex. The US Mint only sells bullion to the APs...
Oh dear! What will we do if they run out of coins? OMFG! Well, they could give the go ahead for the largest mine in North America on the bonnie banks of the worlds last great Salmon fishery....after all it's just some fish, a few natives and a pristine wilderness. Surely shiny coins to sit in your desk drawer are more important than some wilderness and a few endangered fish and non white people!
i suppose too that they could enlist more child labor in the Amazon and give out free mercury so the kids could gather up a few extra ounces for you to hoard. Heck, they're just brown people too and it isn't my backyard!
And of course you have the big open pit boys and the slave labor in South Africa. They could be intimidated into working longer hours and heap leach a few more tons of tailings so that your false sense of security can be maintained.
My point is, gold is indeed a barbarous relic. It is not money anymore, it is not an inflation hedge, it is not edible and it is not an investment.
Gold is just one more casino game. One more betting vehicle with all the leverage and derivatives, greed and corruption, manipulation and dysfunction the rest of the wall st slot machines possess.
And it is highly damaging to the planet and the people who pursue it.
You want security? Plant an organic garden. You want to gamble? There are plenty of other tables to chose from to lose your money.
Gold buggery is a psychological disease...join a 12 step program, you can beat it.
I presume you wouldn't buy things made by children in sweat shops, you wouldn't participate in human trafficing or drug running...you wouldn't aid and abet criminals or dump your used motor oil down a storm drain....then stop this obsession over a mineral that does great harm and fulfills none of the promises made.
If your wonderful beaurucrats run by banks would allow the laws of supply and demand to apply there would certainly be a decrease from the current world wide demand picture for physical metals. Think of it another way. If the miners go out of business because the price is below the production cost then our sweet little animals are saved.
You do realize what a stupid comment that is don't you? "Sweet little animals"? You do understand that what I speak of is about the planets bio systems not bambi don't you? You know, the very systems that allow for human life? The systems that if destroyed mean that your survival and or quality of life come into question?
Just because there is a problem with the current criminal dysfunctional system is no excuse to adopt another equally dysfunctional system.
If every gold miner on the planet went out of business I wouldn't shed a single tear.
I wouldn't shed a tear either. I really do have concern for our sweet little animals.
You're an animal lest you forget.
Teddy bears made of synthetic fibre look just as cuddly and do less damge to the human enviroment. Did you learn nothing from Sapphire And Steel, Assignment 3?
"If every gold miner on the planet went out of business I wouldn't shed a single tear."
What about copper miners? Iron? Zinc? Lead? Tin?
Or is it just gold mining that's destroying the "planet's bio systems?" Oh my.
All mining has to be curtailed. However, the world could get by just fine without dedicated gold mines. Not so much iron or copper.
if you curtail mining think what that would do to the price ? not a bad idea after all ...
Must also outlaw trading in commodities except between producers and consumers so that price is determined by true supply and demand. If the price tripled then use would fall and that would be a good thing
maybe a little honesty at the highest levels would solve this resource problem.
go study humans some more, check back to the fertile cressant.
conclusion, humans suck because they are humans and reproduce faster than darwin can get this mess straighten out.
long darwin...
Humans > other animals, because the best all other animals can do is copulate, defecate and sleep.
Der PUD, Making dollars harmful to nature much more than gold mining.
U.S. Dollars - is a fraud and a hidden form of tax on all of us.
U.S. Dollars - is a barbaric relic of the past.
U.S. Dollars have no intrinsic value and can not be eaten, they are completely useless.
U.S. Dollars - a source of wars and death.
U.S. Dollars - should be banned throughout the world, as the main source of evil.
If the FED were buying $85 Billion per month of Gold and Silver instead of Mortgage Backed Securities with taxpayer money you might have a point about a psychological disease.
Wait, you do have a point, the FED is fucking crazy!
BTW- have you seen what a Grizzly Bear does to a person when they get a hold of one? Ugh. Never forget the pics I saw of one of those nature nuts who got eaten by a Grizzly, his foot with a tennis shoe on it and a chewed stump below the knee. Sweet cuddly little bears.
We can find Silver elsewhere, and if we can't it will make what I have worth more.
Save the Salmon!
Saving salmon is saving yourself. Unless you prefer eating some tank farmed fish that swims in its own shit
Save the trees - stop printing worthless and poisonous USD!+5
Romania to delay euro adoption
Even the gypos will not touch it.
Right now the price for everything is meaningless. But they will all change according to what we do, in a completely fair way. Please help me get the world's attention. I have a very important message for people!
http://www.cecm.sfu.ca/~rpearcea/dontpanic.pdf
Page 2 should have your suggestion on it.
Stop spamming every fucking thread every 20 min.
looks like apmex is currently at 7.60 over spot.
if the price continues to fall, and they keep raising the premium, whats the freggin difference?
its as if the price never fell. are they deciding to set a price of $30 and just keep it there?
I know, crazy, I just can't bring myself to pay that high of a premium over spot.
The 100 oz. Johnson Mathey bars are almost digestable, 6.25 pounds though.
Every time I am forced to sell silver at less than $40,000 an ounce a little part of me dies.
The difference is that the paper price is falling. It seems that people are unloading the paper and this thing is coming apart again!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I can't recall in recent memory when junk premiums have been as high as they are now.
Time to get a jazz mag out and start bottling up my junk.