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Gold Jumps $20, Most In 2 Months On NATO Headlines
Talking-heads drew "this is not geopolitical risk fears" comfort yesterday that the stock sell-off was not accompanied by a big bid for gold. Today... not so much. Gold and silver have surged since around 8amET (when Ukraine incursion headlines began today from NATO) with the yellow metal up over $20 - its biggest jump since mid-Jun (with futures over $1310).
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Hammer time
And if it's not, then what does that mean?
Better learn some Russian..
http://www.youtube.com/watch?v=QJEUhJeGooQ
And start liking vodka a lot too!
Cause Putin will not let this go knowing what an inept clown we have in office and how broke NATO is now too.
In Russia, you do not buy Gold, Gold will buy you.
STOP!
Come on Tylers! You know every time you report about surging gold prices Yellen gets a "ZH is talking about gold again" memo, and slams it back down.
Somebody had to say it.
if(ZHheadline == "gold" && "up")
{
runGoldPriceFix();
}
"surging gold prices"
Yes and this surge is the only thing holding back a full frontal attack by the West. Just think, what would happen if military action caused gold to spike ... The West's financial system would be buried.
$20 isn't much of a surge... well alright, 1.5% isn't anything to scoff at either.
Shark-NATO
LOL!
yahoo! will keep buying more!
I find it kind of funny we all discuss the ongoing manipulation in precious metals ad nauseum, but yet most watch the chart all day like there is any truth there.
I can honestly tell you that I never watch the gold or solver chart. I really don't care where it's priced in fiat except for when I make my regular monthly purchase, and hopefully then it goes on sale.
I'm Rich! I'm Rich beyond my wildest dreams!..... Quick, sell before the nevermind talk starts around options expiration time.
Peasants are only permitted to eat cotton faith based currency, not gold. Michelle Obama healthy balanced food dietary mandate.
/hahahahahaaa
haha insiders allready know what dragi and juncer talk about
All manipulation
S&P also climbing. Also on Russia headlines? Remember kids: War is Good (unless you are actually in it).
notice how once again the last hour of trading in London activates a rocket blast in the Fraud Markets...
like clock work...
and the shit with Gold and Silver the last week and a half has been fucking stupid...
i was gonna hold off til tomorrow but couldnt help myself and hit up Apmex yesterday for another 250oz's...
not braggin - just sayin...
stackers hang n there and whatever u do - KEEP STACKIN..
Say "Mooo" and I'll milk you like the bankers are doing...
I just loves me them yeller paper weights! And I mean that!
As to Silver, I just don't see the logic. The GSR has been moving steadily higher and doesn't appear to be abating. Hmmm...
"As to Silver, I just don't see the logic..."
how many Gallons of petro does a $1 Federal Reserve note buy?
how many does a 1964 Kennedy 50 cent afford u...?
"there are none so blind as those who will not see...."
Oh right, because in a (Hyper)Inflation, petrol will be so readily available? And traded for silver? Have you ever lived through, or studied the history, of such an event (not being cheeky, just curious)?
Silver and gold will likely be useless in the immediate aftermath of the collapse. After that, silver, gold, and barter will be the only way you can get anything. Even if there isn't a collapse, I prefer my wealth to not be slowly stolen over 20 years. Don't be so daft Ironshield.
Historically in Germany during thier post ww1 hyper inflation the only folks that were able to buy things were the ones with silver.
... or people with other (non-German) worthless GBP fiat. For example, JM Keynes worthless fiat did better than physcial gold during this period. Just as today, Janet's junk USD will still buy what whatever you want in Argentina.
" And traded for silver". While not living through a hyperinflation I can say that during the late 70's more than two local gas stations ran ads that stated they would sell a gallon of gas for a silver dime. Being a stacker and all I did not bite.
Your choice.... keep your dollars in a bank where inflation will nibble them away, or turn your dollars into something of which the value of will never reach zero. I will take my chances on tried and tested money—gold and silver.
We all know how the fiat experiment ends.
100% correct. Forget about collapse. You will lose all your wealth to inflation alone if you give it 20 years. That should be enough for anyone to transfer their cash savings to PM. Ironshield is a know-nothing troll. Not surpsied he never showed back here.
German Bunds are negative today.....so why not the big rush to gold....we should be up $100 IMHO
[sound of respirator]
I think I have the low-down out why the Emperor behaves like he does.
[sound of respirator]
I was in the DeathStar vault the other day doing audits and overheard a couple of minions gossiping about the Boss.
[sound of respirator]
One says to the other, "You do know why the Boss is such an asshole right?"
The other replies "No. Why?"
[sound of respirator]
One replies, "He wears his Precious as a cock ring."
[sound of respirator]
I fucking lost it right there in the vault. Damn near blew a helmet speaker laughing so hard.
[sound of respirator]
Of course, I had to use the Force on those two.
[sound of respirator]
[sound of shrug]
James Bond's rival had a golden gun. This school dropout is acquiring a golden shirt that weighs four kilograms and costs a staggering Rs.1.30 crore ($214,000). - See more at: http://www.greatandhra.com/articles/special-articles/the-man-with-the-golden-shirt-58731.html#sthash.GmkfKVv5.dpuf
If thats not enough check this S*&% out
This revelation has solidified the status of the Padmanabhaswamy temple as one of the wealthiest temples in India and with the final estimate of the wealth, it might overtake the Tirumala Venkateswara Temple—hitherto thought to be the wealthiest temple—having some 32,000 crore or 320 billion (US$5.3 billion) in gold, coins and other assets.[26] It is estimated that the value of the monumental items is close to 1.2 lakh crore or 1.2 trillion (US$20 billion), making it the richest temple in the world. If the antique value is taken into account, these assets could be worth ten times the current market price.[27] One of the oldest existing estimates, which can be considered to be at least as reliable as any other made since the discovery of the hidden treasure (or assets) of the Temple in 2011, was done by the Travancore Royal Family itself in 1931. According to the then drawn-up estimate, the riches contained in Vault B, which is the only vault of the six that is unopened so far, since the discovery of the treasure, were worth 12,000 crores. Considering the subsequent inflation of the rupee, and the increase in the prices of gold and other precious metals and stones since, the treasure in the unopened vault B alone, would be worth at least 50 trillion (US$1 trillion) in present-day terms, before the cultural value being factored in.[28]
http://en.wikipedia.org/wiki/Padmanabhaswamy_Temple
jesus, if this is what it takes, then i'm all for war. moar war!
Serge Forward
It'll crash again. Gold is a mess right now.
Mining paper gold is not that difficult & production costs are very low!
right. if I look at the volumes, look at it. it was paper gold.
Gold surges back the the lower middle of its trading range. Nobody knows why. I doubt anybody knows why it crashed from $1,900 to $1,300 or why is rose from $1,300 to $1,900 in the first place. Nothing to see here.
See this is what happens when Germany asks for its gold back. What would make Germany keep its gold in the US? The threat of an attack from Russia.
It took 2years for Great Squid to arrange the threat of a Russian Invasion.
My inside sources tell me that this time gold is going all the way ! ! ! ! !