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Rumors of more printers being turned on?
gold going up
spooz going down
Gold seems to now go up no matter what the scenario.
Gold has become risk on and goes up with stocks and commodities.
Gold has also become risk off, as it goes up with Treasuries as a 'safe haven' currency.
Though relying on Treasuries as a safe haven is like relying on an ejection seat in a helicopter. "YOUR BOUND TO GET A HAIRCUT HA HA HA..."
Gold......suddenly the biggest no-brainer in history.
In other news.......Italy won't accept a bailout.......come again?
Vices, addictions, and safe haven predilictions........
An ounce of .999 Fine Gold is still way more expensive that an ounce of .999 Fine Pot. Not that Fine Pot is cheap by any means when you consider an oz can buy a decent flat screen which lasts for years vs an oz of Pot which, cough, doesn't.
Then comes Pot which is edible so it's quite utilitarian outside of its main role which is to alter states of mind. And it's still highly illegal in most places to own, smoke, eat, shit, or cultivate. You would think that would make Fine Pot worth at least an oz of Fine Gold. Just in compensation for the danger alone of getting caught in certain places and sent up the river for 5 to 10.
Then comes Gold which you can't eat, you can't smoke, and you can't get high on. So that spiel about if you can't eat, smoke, drink, or screw it, then forget it, is FOS.
Conclusion: Gold acts like one helluva drug to a lot of people or a lot of people must be hallucinating on Pot thinking it's worth something.
If you cant eat, smoke, drink, screw it or snort it.
Corrected that for ya.
Yeah the pot gold ratio needs to be watched.
I agree gold appears overbought compared to pot and I think it has topped for the year, but I dont see much of a downside either.
Thanks. Forgot about snorting. These days probably should include mainlining too.
Probably drive it and surf the internet with it too.
We have then covered all our basic instincts. Drive it, fuck it, snort it, eat it, drink it, or surf it, or smoke it.
I think we now discovered what motivates people to go to work. We get green pieces of paper we can use to satisfy our basic instincts.
In fact I can't remember when the last time that gold was worth more than pot.
You guys must be really stoned.
Ummm.... me thinks you are talking about lbs....
I'm not as think as you stoned I am...
Skunk weed is currently trading at £10 per Gram=£311 per troy oz. Gold is a cheap as you like and silver...well need I say more!
Transformer, you're the one that's stoned. $3200 for an ounce of pot?? Even for a troy ounce, that's just an outrageous price quote.
If one were to inject gold particles, would they conveniently accumulate in one part of the body where they could be later surgically retrieved? I'm thinking it could be an excellent way to safely vault gold, gram by gram, once gold hits $100,000 an ounce or so.
Well, I opt that it accumulates in the penis. That way the term, 'she's a real gold digger', gives even non-goldbugs pause for thoughtful consideration of the useless traditional relic.
Can eat it, too. :)
- "Git some (gold), Git some (silver). Haha."
- "How do you get gold and silver?"
- "Easy! You just don't lead 'em so much. Ain't war (savers vs. speculators) hell?"
The difference is that you can grow pot.
Can't grow (or print) gold.
Yeah, but if you get caught.....in some places you also get shot - right after trial.
Well, you can mine it though.
Actually printing metals in specific shapes on demand is a new emerging technology. The only thing is, you need gold particles to print gold objects. That's it! I've got it. A new currency with 100% fine gold printed on/in the paper currency to equal the denomination indicated on the Treasury note. Am I fucking smart or what??!! Official $1,000 note will have a tenth oz. bonded throughout the rag paper. Official US Treasury currency pegged at one oz. = $10,000. Eliminate the Fed and print our own gold currency. Anything over $1,000 would be coinage. Denominations of $1 to $20 would be silver certificates made with silver in it. That would foil the current legal and illegal counterfeiters. (Foil, OMG I just made a pun.) That would also make it harder for smugglers to get money in or out of the country as metal detectors would find it.
I'm so impressed with myself especially since it is a little after midnight. That should qualify me to be Sec. of the Treasury in the Ron Paul administration. You guys spread it around and see that I get the job.
I think you have a real bright future somewhere. It might be in Mad Max' Thunderdome but hey I see big things comin' for ya.
Obvioulsy you haven't tried Goldschlager? Got a bottle haven't opened yet. But will once the end of the world kicks in, I will mix it with a quality tequila.
You can high off gold, very high.
Is there a Pot ETF yet? I guess it couldn't be backed by the physical;-)
SmM- Smoke &Mirrors
For more information on the ETF visit the website POT.US
Is there a Pot ETF yet?
Fucking Tenet has the symbol already. Shit.
Pass the dutchie on the left-hand side.
I don't know guys... gold price hit a major 6.18 retracement and there is some divergence. Others see it? Be careful out there
sounds like a buy the rumor buy the news situation.
At some point people are going to freak to the degree that they just buy gold because they don't know what else to do.
Been there, done that, got a Zero Hedge t-shirt.
There might not be enough printers in the world to tame deflation.
All these banks are sitting on giant bags of shit.
But what do I know?
Money is digital. The sum total of personal smart phones used by the Federal Reserve board of governers probably have enough collective computing power to create hyperinflation. Deflationists are deluded. Creating the money is not the limiting factor. The kink in the hose will be getting someone to "borrow" and spend the created money. Enter team Pelosi, Frank, and the Messiah (or whoever is in power when the supply chain starts going south).
"Dammit Jim, I'm a Princeton professor, not a Ron Paul!"
Whats not to like? You take fiat and buy Junk US silver ( not the crap gleeenie beck pushes). Become friends down at the coin shop. Great folks.
If I were on Facebook I would "like" this.
The only thing this guarantees is a deflationary beatdown on Au, Ag, and oil IMO
Yep. Gold will drop by 20%, whilst everything else drops by 80%.
So cash is the best thing to hold??? You do realize that you are saying just that.
Yeah I know, it was a bit tongue in cheek, as in, gold may fall, but only if everything else falls further.
That said, I still have 25% in cash. Nobody can say with any certainty which way the markets will go, because fundamentals are irrelevant. If they print, hold gold. If they don't, hold cash. If you are not a fool, hedge.
The trick will be when to commit that 25%...... Yes, having some cash is prudent hedging at this time.
I'm a fool.
Ain't seen nothin yet.
I think we are set up for a run back to $1900, and then another move higher. I think the consolidation stage is over.
$1900/pause/$2200/Consolidate back to $2000, by Dec 21st.
Once Europe folds, all bets are off.
Once Europe folds, the game is over.
You never know though. What happens if some of those nations liquidate their soverign holdings?
Because I bet Europe has their gold leveraged up.
I don't think any of them will be satisfied not posessing the physical. When the sovereigns start asking for their gold back, like Chavez, which they'd be wise to do (just this year Greece's gold was sought as collateral and they rejected the notion - and then their bank bought more gold instead), the system will unravel from the pressure.
Maybe the Black Swan will be that people everywhere will start asking these banksters where the gold is and who has what...if it is the people's after all not the central bank's.
I doubt it - Euro central banks had only sold 1.1 tons between them up to the end of Sept this year, and they are limited to collectively sell 400 tons/year.
Also, some may have learned from Gordon Browne's 'acumen' in announcing any impending sale beforehand to ensure the lowest possible market prices. So in the unlikely event they do liquidate, they'd be stupid to announce it beforehand (thus ensuring lower prices) - the flipside being if it is announced afterwards, the sale then instantly becomes a buy e.g. another sovereign or entity just bought x amount of tons of gold, which is bullish.
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