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Gold Tumbles Despite UK Mint Seeing Europeans Rush To Buy Bullion
European investors are increasing purchases of gold as Bloomberg reports, Greece’s turmoil boosts the appeal for an alternative to the euro. Demand from Greek customers for Sovereign gold coins was double the five-month average in June, the U.K. Royal Mint said in an e-mailed statement.As one Frankfurt-based bullion dealer noted, "most of our common gold coins are sold out, when people learned that the Greek banks will be closed, they started to think that it may not be such a bad idea to have some money in gold."
Emailed statement from UK Mint...
“During June, we experienced twice the expected demand for Sovereign bullion coins from our customers based in Greece,” accord. to e-mailed statment from U.K. Royal Mint.
* * *
As Bloomberg reports,
CoinInvest.com, an online retailer, said sales on Saturday and Sunday were the highest since Cyprus limited cash withdrawals in 2013, driven by a jump in German, French and Greek buyers.
Investors are searching for a safe haven after Greece imposed capital controls, closed banks and stopped selling gold coins to the public until at least July 6. German Chancellor Angela Merkel and French President Francois Hollande have signaled they’ve reached the limits of their ability to safeguard Greece, offering the government no further concessions to step back from the brink.
“Most of our common gold coins are sold out,” Daniel Marburger, a director of Frankfurt-based CoinInvest.com, said by phone. “When people learned that the Greek banks will be closed, they started to think that it may not be such a bad idea to have some money in gold.”
GoldCore, which buys and sells bullion, reported coin and bar demand increased “significantly” on Monday. Sales to U.K. and Ireland today are about three times the average level for the past three Mondays, according to an e-mailed statement from the Dublin-based firm.
BullionVault, which operates the largest online physical gold trading platform, reported a jump in sales during the first half of this year, a sign of a broader increase.
Customers globally added 1.4 metric tons of gold to their account, the biggest increase since 2012, the London-based company wrote in a press release. More clients want their gold stored in Switzerland, a country that isn’t in the European Union, Adrian Ash, head of research at BullionVault, said by telephone.
But despite this demand, gold "prices" are gettiung hammered after an initial spike...
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It's hammer time!!!! MC Hammer style!
Well the central planners can't have gold perceived as a safe haven after all. Gives more weight to the ridiculous concept touted by financial commentators and advisors that you should not own any. The realization on gold's ability will be realized by the general investing public at the exact time they can not protect themselves with it due to no one selling.
LOVE IT! They can keep manipulating and I keep buying
Gold has almost returned to where it started:
Live Gold Price: http://www.pmbull.com/gold-price
Technicals no longer matter? Maybe they do. After a breakout, wait for the pullback to the breakout point, right? It's always been that way.
Let's see if it takes off from here. Can't really pass judgement until we see if there is a "confirmation" move back up, and through the initial peak.
LOL - I'm just having fund talking like a technical analyst.
I honestly don't know where gold is headed next, or when. I just know it's cheap.
LIKE I Posted Yesterday, The FIRST THING That The World Keynesian Fiats Banking Cabale Will Do Is ""SELL PAPER GOLD"". This Is Their Prime #1 Defence And GOTO Move... SELL PAPER GOLD And Flood The PM's Markets Across The Globe...
NO Keynesian TROUBLE Here People, Move Along Now...
Conventional wisdom has been thrown out the window. Just do the opposite of what you think should happen;
https://www.youtube.com/watch?v=cKUvKE3bQlY
Throwing wisdom out the window has become commonly conventional...
Funny how all the phyzz gold haters think gold is worthless when it's still 50% higher today in fiat dollar price than it was back during the 2008 collapse when it was around 850/oz. And here we are now 7 years later at the collapse point once again, only this time it's all so many multiples and Trillions worse than 2008 that nobody knows how bad things are really going to get.
Ask those gold haters if gold is worth more dollars today than back then because anything changed per each ounce of gold or if it's because all fiat has been depreciated by that much against gold since 2008 and watch them do backflips trying to figure out excuses for how that could possibly be. lol
When they can't come up with anything factual or logical you'll get the standard, "Well, you can't eat gold!" response and then they'll probably call you a racist just for good measure. LOL
" "Well, you can't eat gold!"
well, you can't eat bits in a computer either but unlike physical gold they are trivially stolen (btw - paper gold is no less bits in a computer than a cds, stock, etc) and/or diluted. I'm heavier (pardon pun) silver for now but & thinking about what's the right ratio and/or trigger points to rebalance.
I'm heavier lead than both my gold or silver put together atm.
You can't eat bullets.
We'll on second thought.
:)
Bitcoin is doing fine you dumb cunts!
https://btc-e.com
Bitcoin...can be hacked, erased, controlled by smart government programmers, stolen and duplicated. Nothing to hold, no physical possession possible, no historic track record of stability and will eventually corrupt (yes, the 2nd Law of Thermodynamics even applies to bitcoin.) You'd have to be as stupid as a Central Banker to put even a bit of faith in crypto-currency. Gold is the exact opposite. Nuff said beetchez
Bitcoin can neither be hacked, nor erased, nor controlled, nor duplicated. There is no possibilty to counterfeit a single Bitcoin.
You can store your Bitcoin in ways that are simply impossible with gold, security-wise this technology is unprecedented. If some shitty exchange gets hacked, that's not "Bitcoin" getting hacked but some website. Websites get hacked all day. Today it is practically impossible to "hack" Bitcoin, you would need a server farm magnitudes stronger than everything Google and Microsoft could even offer together.
Physical possession of your keys is indeed possible, I don't know why you would lie about this, maybe you really don't know how Bitcoin works. I have my keys written down on a piece of paper and that is actually the only way to possess those Bitcoin of mine, so I'd call it physical. I could give you the paper and you would have total control over the money. What more do you want?
6 year track record of growth, the only downside being some volatility. Although within the last months price has stabilized unlike anytime before.
So you are holding out on one crazy investment opportunity - but you will also pay the price for your ignorance so it's all fine. I really like gold too, but it's not the only player out there.
It wasn't hard to know what must happen on a day like this.
I hope to god stawks finish in green. Investors who display confidence certainly deserve to be rewarded for playing their part.
BITCOIN Still Harder To Manip, Paper GOLD Is Just Bits And Bytes In The HFT Machines...
Fitting name for a moron.
1% of the Bitcoin Community Controls 99% of Bitcoin Wealth
https://www.cryptocoinsnews.com/1-bitcoin-community-controls-99-bitcoin-...
Should I show you some of the trading platforms for it as well? Are you just completely clueless?
Oh what you 'wrote last night' am sure we were all supposed to remember that. Guy who owns so little gold he can carry it with one hand. You know NOTHING about futures markets or hft or anything. You come from Howard Stern and Alex Jones websites. You don't belong here.
That article only shows that for every address with significant funds (more than a few dollars worth), there are a hundred out there with little or nothing in them.
That's like saying gold is bad because 99% of safes don't have any gold in them.
Having lots of empty addresses is good. It suggests that people are using them as throwaway addresses to preserve their privacy.
You should be less biased.
PAGE 14 Of The Official TROLLs Guide:
When You Have NO Valid Arguments To Make, Always Turn To Personal Insults.
For how long can they manipulate? That's my question. I still believe they raided the US gold stash in mid April 2013, about 3 weeks after Cyprus. We'll probably see another leg down in the gold market within the next month. This would mean they still have some barbarous relics laying around in the NY FED vault. If we don't, the bottom may very well be here.
Isn´t options experation for gold tomorrow at the LBMA ? Can´t have anyone be in the money now can they.
But what happens when it's revealed the US has a secret base on the Moon with about half-million tons already mined/refined?
You gold guys will really be in a world of hurt.
Extraplanetary mining?.....seems plausible that that is easier than a simple audit of Ft. Knox.
Musk is the 'go to' man for space technology!
Captain.... You hit the nail on the head. Buy it now while you can get it. Few realize how little gold is available for the retail trade. It would not take much buying to clean out all the retail inventory. I suspect that if we saw panic buying on a large level, the mints and refineries that produce retail product would be prohibited from supplying vendors and their output would be purchased only by the government or "official" buyers.
Nothing for the public. Panic now while you can still get something done.
Our coins shop in Cyprus called KDG GOLD Coin.
Over the past two weeks we have sold all our gold stock. At the moment we have no gold, but people buy every day and we sell gold by prepayment.
Our customers are even willing to wait deliveries to save from looting their savings in physical gold.
I'm impressed you made it through a post without plugging your product!
Going to bitcoin
https://www.youtube.com/channel/UC24i0-R52E-Y4PHhsjLUbYg
funny, because I am selling bitcoin today and buying more physical. Thank you very much. Crypto currencies have been the best damn hedge against chaos so far, as long as you sell the peak and go to physical ahead of the crisis "resolution" and central bank jawboing... Like fiat, the purchasing power of those cryptocurrencies can vary...
Lets see what happens when China starts to price physical. Mention buying paper gold to a Chinese and they look at you shocked like, "Why would someone do that?!"
Going to bitcoin https://www.youtube.com/channel/UC24i0-R52E-Y4PHhsjLUbYg
LOL.Fool me once....
Maybe a little speculator money goes to Bitcoin, temporarily. I suppose it may be a convenient transport method for the dumb money that waited to get funds out of Greece too.
But suckers don't think one step ahead. Do you honestly think real, meaningful weakth was sitting around waiting for default to arrive, then decided to dump it all in Bitcoin as an exit method? No. Real wealth isn't finding its way into Bitcoin - just gambler money, and like last time, even that won't stick around.
Gold is such a barbaric relic (sarc)
Bitcoin is not about Greece, it's way bigger than that. If you don't realize it yet just take some more time and read up on it while I stack dem coins.
It's the next step in the evolution of money. Decentralized, anti-fragile, scarce.
Gold price is manipulated to stay low, the real price should be like 2k
2k? my guy has all you need at $1235 an oz. S. Florida-come on down.
My guy can find some but not much. Certainly not all I would like to buy and I'm just one small guy in one small town in one small state.
Per ZH articles and my posted research of a few weeks ago, this would indicate that those pesky Russian-American traders in Chicago and NY, (and of dubious heritage/reputation), are at it again.
Look, in case you haven't figured it out yet, or are still in Denial, there will be NO price spike in PMs until TSHTF, and the Global Reset occurs. IOW... "The Manipulation will continue until it can't". Deal with it, for Crissakes!
The 'Usury Class' still at the wheel.
Yes, Captain. Any way we can direct phazer fire in their direction?
I have taken to disconnecting myself from the tendrils of this drama. Like I told the missus, who is now fully on board with recognizing this adventure, if we're wrong we'll still have something to show for it when everything is "fixed". Fixed? Hahahahahahaha
Brother I think you are 100% correct, but what is your opinion on the new fix China wants to introduce by the end of 2015?
Will they force them into a war before this happens or what? I think they wouldn't introduce their own price if it wasn't fundamentally different from the current BS-valuation they call "price" in London - I mean can they really let this happen?
Not Grexit, not Prexit, not Brexit can stop the quarter end march to paint the tape.
Yep- the criminal bankers and financiers are in charge, and the market is a f'n joke.
Paper Gold market is a joke. Physical will be calling the shots soon.
Physical bullion will not be calling the shots until you cannot find a single ounce for sale on Ebay...
This is the time for position building, and the lower the price goes, the larger your position should grow,
Correction. The premium on ebay will be MUCH higher than it is now. and after that you will not find it.
That will be the moment a lot of people realize they have been fucked.
Good times.
Not soon, but eventually.
Gee, I wonder who it could be doing all that stawk futures buying and gold selling? Hmmm who could it be?
Dollar, stabilized. Euro, stabilized.
Stocks, stabilized.
Gold, getting hammered.
"Predicting" this particualr outcome was as difficult as "predicting" which way a hammer will travel when dropped.
I will leave this here. I had made this comment, yesterday.
http://www.zerohedge.com/news/2015-06-28/spread-bet-early-market-opening...
Yawn. More alarmist nonsense from ZH. It hasn't even broken its recent lows in March. This is a sideways move. A consolidation period. A breakout is coming some point soon. Probably coinciding with an unraveling of Sovereign leverage.
After that it will hold its value well. I think.
Crushing tangible assets a vital component of fiat paper fantasies and central bankster skullduggery.
Of course it's dropping, gotta unwind that paper whilst they can.
NO POUNDS FOR YOU!
Gold is there to be the whipping boy for Central Banksters - it is whipped on good news and on bad news and on no news
Russia, India and China support your message.
Heck from all the blaming we do of the Usurpers, these countries certainly also fit the CSI profile: they all have the Motive, Means and Opportunity. And that's a fact, Jack..
Who needs solid gold when you can have ethereal electrons?
Bit-Coins for Bit-Brains
Gold is not for sale in Europe for English Pounds.
If the Eurolanders want to buy their "English Gold" they will have to travel there, convert their funny money into Pounds and buy it that way.
Now really, what did you guys expect..?
Because they need to buy as much as possible before the reset.
It's rigged, I tell ya.
But wait like the guys say the fizz will break loose.
Anybody who doesn't think this is all fake is mental.
About the craziest thing I heard all weekend was if Lagarde didn't get her payment from Greece, it was still up in the air whether she'd send a "formal" default letter to IMF board.
This means to me that if Greece doesn't pay and Lagarde doesn't send the letter, the IMF would just PRETEND it didn't happen, thereby not triggering the CDS! Just act natural and pretend? WTF! These are nothing but cheap parlor tricks.
The first rule of credit default swap club is you do not talk about credit default swap club.
This Greek thing has come on so suddenly. We were all so unprepared...
I mean really- whocoulda seen this coming???????????????
Who in the last 4 years could ever have seen this coming? I saw some guy in a suit speaking German saying its all good about a year ago. He looked like he was important, so I believed him.
After reviewing the data we could not have seen this coming.
After having smoke blown in their eyes for two years who can see anything coming.
Cunny-lingus Rice: we never though terrorists would hijack commercial jets to fly into buildings
Long physical, short paper.
This.
Greek debt is still trading...
take physical posession
The only thing holding paper gold up against c/b pressure is loss of confidence in dollars, euros and pounds. Fiat is a loosing battle and at least one may have a chance to salvaging something from paper PM's.
Physical is for holding not trading.
what the gold bugs fail to understand is taht the CBs can continue to issue an unlimited about of paper gold into the futures markets basically forever.
there is no oversight and no way to audit their books - so this has been going on for decades and can contiue for many more.
You are correct. I own some phyzz, and am glad I do, but I can see the rules of the game do not apply so I don't expect to somehow beat them.
You can't win in Any game while playing against the Referee, you might be able to outlast them though.
No, it certainly cannot continue for "many more".
If you believe that anything remotely like the status quo of recent years/decades can be sustained much longer, you are in for a very rude awakening.
The impending crash will largely be catalyzed by a long overdue loss of confidence in paper promises. And you believe that printing will continue to be effective?
Yes. What you say is true but they can't create the real thing so it doesn't matter what their fake paper price is. 2 markets will eventually exist, the fake one and the real one.
The Fed isn't fighting the gold bugs. They are fighting China, Russia, India, Vietnam, and wherever else people value Gold and Silver more then empty paper promises.
okay, now remind us, what has happened to the price of gold, in any fiat, over decades...
Check your assumptions. Their system requires faith to continue operating. Faith just got smeared all over the sidewalk in Greece and China.
Their manipulation won't last too much longer. I'd be surprised if it lasted the year.
What gamblers fail to understand about gold is need. Need controls its price. Governments who dont have credibility need gold to access the bond markets. Its the last and only asset a government has that can be SOLD. To whom you should ask is that gold sold.
Gold is credibility, stability, and security all in one. Its the premium asset a government has access to.
For non-governments the need of gold may not be as great. The price reflects that need.
Gold is the last light left when all other go out. What do you own that you can sell into any market condition?
Overseas trade will drive the demand for the use of physical gold as collateral. When financial institutions become shaky, China will demand that the creditor nations put up physical gold in trust. This will ensure that China gets paid, and that the US can continue to trade with China.
I agree to a point. However, when trust goes to zero and CB/nations have to show their hands the paper gets washed away.
Wonder how much the paper gold is being exchanged for fiat today. I agree with those on these boards who think the paper has to be washed out before true price discovery happens. Just a matter of time.
Don't bring your paper to a physical fight.
The Script. Reposted from yesterday:
Fed prop desk operators called in from their weekend of sun and sodomy.
Here's the script:
1. Short gold
2. Short gold
3. Prop the euro
4. Prop the stock markets
5. Short gold
Gold Cartel says "You go, we go." (From movie Backdraft)
In other words, if gold goes up, Cartel goes down. Big time.
These are not markets, they're central bank contrivances.
Whose contrivances? Follow the money and CSI principles: Motive, Means, Opportunity. Include before you exclude.
Hint...
CSI suspects: Fed, BOJ, PBOC, BOR, BOI, the other BOI (BOZ). And ZHers who just wanna keep stacking (dat you, Tyler or LoP?).
All the money is fake. So there's no point relying on the rules that should apply in an economy with real assets.
Yes, they are using the paper market to hold down real assets, and keep people penned in to the fake money environment. And they'll do it for as long as people continue to accept it. Rules of economics do not apply, so saying "Soon the Physical Market will overthrow Paper" does not have any bearing.
Yeah. At some point they will make the decision to kill the paper gold market or get out of the way. Whatever happens will be like a gunshot. It will be all at once. It is safer just to own the real thing either way and not worry about it.
This makes perfect sense.....
Fear of default risk is currently high,...
Comex gold contracts are currently leveraged 120 "owners" to every deliverable ounce
who would want to own that?
"may not be such a bad idea to have some money in gold."
Gold is money....
Please don't inject truth into these things.
deleted.
OT: Russia toilet paper.
http://www.newsxpose.com/2015/06/russian-entrepreneurs-have-launched.htm...
Given the price point ($18 for 2 rolls) and Supply/Demand ratios, they are likely to be more popular in Venezuela than in Russia.
If you "give a crap", then it's a good time to ask "What can Brown do for you?"
;-)
There was really no chance paper gold was going to be allowed to rise on such a predictable crisis. Which is good. Because you can still get the real thing at near paper prices.
Who's that poster that rewrites lyrics? I think he needs to work on a version of "I don't like Mondays."
It's Kelter Channel Surf. How about the Bangles "it's just another Panic Monday"?
Or was that 'Til Tuesday that sang that one?
It's either a view through cracked mirrors.. . or [possibly) a contrived "market"? Could it be a "structured" reality? Has gold entered an alternate universe?? Master! please speak.....
The anther to all your quethtionth ith 'yeth'.
I'm waiting! Existing vault full, new vault ready, but price is stll above my last buy-in. WTF is the fall!!!!!
Where is all the gold coming from. Must be huge mines that are classified under National Secutity.
GOLD!!!! = GREAT invetsment ... cough ... cough ... LMAO
OK, you win. We'll all sell our precious metals based on your prescient advice.
PMs can (as in POSSIBLY) be a GREAT investment, IF and ONLY IF:
1. You don't need income from your savings
2. You don't care about losing your savings or having it rot for decades due to regimes targeting PMs as competition for their fiat
3. You believe that investing your savings in one of the categories, ie PMs, that the regimes, with all their power, are committed to crushing is not just safe but comfortable day-to-day, event-to-event
4. You are quasi-immortal and can wait DECADES for the corrupt regimes to crash and the serfs flock to PMs - the regimes have MANY MANY MANY more manipulations and schemes that they can implement to keep their debt-binges going for DECADES
5. When the inevitable crash does come, MANY MANY MANY years from now, and PMs surge, you rate the risk of confiscation of PMs and/or profits by the regimes to be small enough to make the "investment" worth the risk
I thought the best deal was hold Zimbabwe dollars.
We are living the biggest fraud in history!
Scams when taken to epic proportions, will collapse - you can take that to any fraudulent bank...
I get a hard time for pushing gold on here.. but I seen this coming years ago and I believe physical GOLD is the safest position one can take.
If you're interested in taking possession of your own Bullion (not a sheet of paper from Comex saying you own some gold somewhere) I have the solution for you. You can get your bullion in 1g 2.5g and 5g amounts LBMA approved in your hand for the lowest price anywhere. I am proud to say we have the greatest product available.
Believe me when I say once you have bullion in your hand... you feel a lot more secure!!!
Check out www.teamramgold.com for 2 reasons
1. Contact me via the site and I will show you how to get discount on the published price of gold
2. If you have little or no money, I can teach you the affiliate referral system to earn commissions with which to acquire your gold. -this is highly lucrative and it's amazing what can be achieved in just 90 days.
Look guys .. this thing works... if you're unsure.. contact me I will reassure you.. Im not a idiot and im not a spammer... but I do want to help you. But sitting on Zerohedge reading about it and having the knowledge but not doing anything about it is total madness.. in 12 months time you will wish you had. 8 months ago I took action... boy am I glad..
No, you're mistaken.
You don't get a hard time for "pushing gold", you get a hard time for being an insufferable, self-promoting troll.
Clear enough?
Dude
silver.com has your prices beat by a long shot.
karatbars: 147.00 a pop for 2.5g
silver.com: 108.00 a pop for 2.5g
gold is for savers....now you have a way to get it without saving?
I'm betteing the tool gets paid in physical.......which he then has to convert to currency (-4%) to buy groceries.
There is no tmbling on gold price, at least not on spot markets. Perhaps the shorters dreams can no more be supported!
So despite the demand to buy gold , the precious metal price go down ! That's a sign of the RIGGED Market . BUY more is the answer !
Agree 100%!!! fuck me if people on ZH are NOT in the physcial by now... they are no better than the poor greeks with cash still in the bank... Wake the fuck up people... it is now a scramble for the hills... and it matters not how you get there.
www.teamramgold.com
only 2 solution i see:
1) tsipras swallow his bs and to suck EU' butthole and everything was a joke just like the others in the past.
2) this is the begin of a long slide to hell where everything gonna hyperinflate like 15% per years until euro explode at the end of the decade, cherry cake being,
russia involved, whatever how ( meaning =accused by ussa ) justifying a war because the economies of over a billion people is collapsed.
Yesterday I prophesized:
Ref:
http://www.zerohedge.com/news/2015-06-28/ignoring-tsipras-plea-calm-greeks-storm-atms-stores-gas-stations#comment-6246754
So witches of Bloomberg may proclaim that there is no Greek contingent. They say Greece is a little fire forgetting to tell us that this little fire is burning on the top of huge gunpowder barrel.
Greece is not a problem, never was, they were made to move like zombies, but they were financially dead already in 2008 killed by banksters. The EU and western system of financial cronyism and TBTF corporate oligarchs are the problem.
Nurse Ratchet .... slaps the nascent erection .... with her metal edged ruler !
Gold and the other precious metals must be precious indeed! They are the ONLY commodities I've seen so regularly manipulated to drive the price down. Why don't they do it to all the industrial feedstocks we use everyday? We would pay less for everything! Know that could never work, just like this gold manipulation thing can't work forever. Once the demand exceeds what can be provided though "regular" channels, and the supply runs out, the price MUST go up. Game over!
Bought AU again last night.
The excitement never gets stale.
Even the casinos at their most Mob-ilicious couldn't get away with something as blatantly obvious as this
Ziobanksters will not let fiat go down no matter what. So much for the invisible hand of the scientific market
Milton Friedman must be laughing his ass off in hell
I have no worries about gold. Just wait.
TPTB know that it is very close. Bond markets cracking, stock markets really reached their nominal all-time high 9-12 months ago, and unlike 1987, 2008 is still fresh enough in people's memories to realize collapse can be instantaneous, and from singular events (Northern Rock, and perhaps Greece).
Spot price determination from the West will go on until China is ready at the end of the year. And I think those buying gold now don't care about current prices... they have woken up to a little is much more than 0.
Dovie'andi se tovya sagain (It's time to toss the dice)
Got Karatbars?
Bitcoin...can be hacked, erased, controlled by smart government programmers, stolen and duplicated. Nothing to hold, no physical possession possible, no historic track record of stability and will eventually corrupt (yes, the 2nd Law of Thermodynamics even applies to bitcoin.) You'd have to be as stupid as a Central Banker to put even a bit of faith in crypto-currency. Gold is the exact opposite. Nuff said beetchez
Mercifully, Bitcoin articles on ZH are getting to be rarer than hen's teeth.
Gold is down in dollar terms, but remember, the dollar only stays buoyed by other fiat currency being shitty. The euro is very shitty right now and is making the dollar look good through the eyes of stock and bond traders. Stock and bond traders don't know shit from shinola. Eventually all fiat currency will crash.
Buy silver
Just machine-gunning the lifeboats.
Nothing to see here, move along.
the new normal the lower the price of gold goes, the less supply there is to buy
Junk silver is almost sold out at APMEX.
I converted FeRNs into 10 RCM 100oz bars (1,000 oz) on the morning dip last Friday.
I'm keeping some powder dry in case they whack price even lower on the CRIMEX (and there is still real silver for sale), so I can stack some more.
Silver is 15.79 as I write this. What a goddamn steal. I may grab an additional 20 or 30 oz today myself
'an alternative to the Euro'....what function of the Euro?
It works fine as a medium of exchange....no currency works well as a store of value.
Gold standard vs PhD standard :) Created from a collapsing star or colliding stars, or created by PhD's typing it into the machine, your choice. Prepare accordingly.
I'm reminded of a rap song: I dip, you dip, we dip. Buy the dip!