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Guest Post: Conscience Of A Gold Investor

Tyler Durden's picture


Submitted by Jim Willie CB, editor of the "Hat Trick Letter"

Conscience Of A Gold Investor

Many deep dilemmas face investors of Gold & Silver. First and foremost we feel an urgent need to defend ourselves against a crippled corrupted USDollar. The level of debilitation cannot be adequately put in words, as it has lost perhaps 70% of its value just since 1980 when the Jackass entered the workforce after years at the university. The USEconomy cannot be rebuilt or sustained on bond fraud, debt auctions covered by the printing press, endless war, phony accounting, outsourced industry, home equity extractions, rigged financial markets, constant deception on economic recovery, falsified economic statistics, and pursuit of the next asset bubble. The end game is fast along, gaining traction as much as public attention. The remedies put in place to date have centered on additional currency debasement of all major currencies, extension of sovereign debt when its burden is already at a staggering level. The rescue of the bank assets, largely toxic from the bust in housing and mortgage, has resulted is widespread redemption of nearly worthless bonds or heavily impaired bonds. The consequence has been a rapid rise in the entire cost structure to the global economy, without the benefit of rising incomes.

Response has ranged from deep open anger to private indignation to violence on the streets to consternation over homeowner plight to despair over lost jobs to depression over depleted savings to a sense of doom. The common denominator is a rising cost structure and powerful squeeze on business profits and household discretionary spending. Smart bankers and executives to financial firms are exercising their right to pursue survival by buying Gold & Silver bullion, which has no counter-party risk, has no debt attachment. The precious metals are pure assets, bonafide money in a world of false paper money whose obverse is debt. Individuals should follow their lead. The key to survival is Gold & Silver divorced from the USDollar and in my opinion separated from stock shares. As the implosion gathers strength, all things tied to paper securities will be damaged, while pure metal will soar in value in the greatest financial panic the modern world has ever seen. The United States is Weimar America gone global, gone viral. Individuals must put aside all matters of conscience and focus on survival, real value, and truth. The patriotic thing to do is to survive and preserve wealth, period!

The patriotism card is often played against precious metals investors, as though handing over life savings to Goldman Sachs is the proper deed to show fealty. The Soviets cleverly assumed the Russian identity in much the same way the Neocons and Bankers and Military team have done with the American identity. The level of corruption cannot be adequately put in words, as the bond fraud has mixed with counterfeit along with money laundering from officially sanctioned and protected syndicate enterprise. Since touching the Kabul outskirts, a vertical integration has come to the contraband enterprise and its sophistication. The individual investor has simple motives to make money, but more so to protect against total ruin, home foreclosure, job loss, deep erosion of life savings, inability to provide for the family, even becoming a debt slave. The motive is to prepare for the inevitable implosion and work toward survival. It became very apparent to the Jackass before the Hat Trick Letter was launched in April 2004 that the USEconomy and its financial foundation were heading toward a climactic death spiral, the doorway to be entered fatefully by 2007 or 2008. The urgency for protection of assets and way of life was immediately obvious.

Any nation that endorses the dispatch and forfeiture of a large portion of its industrial base to China for the expressed purpose of lowing its costs is moronic at best and suicidal at worst, but the real story is laced with yet more Wall Street intrigue. They leased the vast Chinese gold & silver stockpiles, only to betray the Beijing bankers a couple years ago. The extent of the betrayals, corruption, and privileged confiscation by Wall Street firms since the Rubin fox entered the USDept Treasury henhouse is astonishing. The greater shame is that 98% of Americans have no idea what ransacking they did to Fort Knox, swiping its gold, even perhaps swapping some for tungsten, which left the United States as a nation vulnerable to systemic failure from the absent currency collateral, and putting the nation on a path toward being an playtoy object of the sprawling syndicate that wrested power from the nation before any 911 event. A conference in Switzerland in the late 19-th century wrote the script, but 2001 marked the day when a flag of a different color began to fly over the USGovt and its many subservient agencies.

The gold investor must contend with internal personal patriotism issues, since any investment placed against the USDollar carries immediately clear implications. My father will not invest heavily in gold, since he regards it as a position taken against the nation and its future. The Jackass disagrees wholeheartedly, since the nation’s leaders are not loyal either to the people or its national Constitution. Sadly, WWII veterans are some of the easiest gullible parties to enlist for joining the movement in loyal support of this war on terrorism. In my view, one need only be a high school dropout to detect the falsity and contradictions of the official 911 story. The false flag cover on the tired tattered official story is slowly coming off, the ugly truth unmasked. The US suffered a coup d’etat led by the financial titans and the military opportunists. Their motive is profit, dominance, and license to control life in a far flung plan. They occasionally are interrupted like with the swine flu spread through supposed vaccines. Their financial plot to tax the air we breathe was also interrupted, another sham. Their control over the press and free rein given to the key security agencies in what the Jackass calls the Axis of Fascism have introduced a magnificent threat to the world itself that will persist until perhaps the calling card USDollar is retired and buried. Its axis center, in a 180-degree full twist, is the United States, the United Kingdom, and a little nation that sits on the Southern Mediterranean and looks northwest to Italy. The axis has taken license to ply their espionage games without regard for law, property, or life. What began as a beacon of freedom has turned into a global fascism movement with alliances formed with bankers, defense contractors, news magnates, and opportunist billionaires. The people all too often serve as cannon fodder, not just Moslems, but Americans, British, and Western Europeans.

The ploys are dangerous and devious. The Libyan War served as cover for New York and London bankers to seize $90 billion in Qaddafi assets. They call them frozen, but they will never thaw. The Gulf of Mexico is another cover for a future adventure. Matt Simmons died with help trying to reveal the role of Halliburton and the geological roadmap. The latest is the attack on Norway, whose leader foresaw with warnings. The same group from the Fascist Axis has set their sights on the $1.5 trillion sovereign wealth fund accumulated by Norway with their vast North Sea oil operations. The syndicate wants the funds to join in supporting a financial system in the US & UK that is fast imploding. The Libyan funds helped, but with the USTreasury Bond black hole accelerating in its momentum and force, the needs have become almost unlimited. The Greek Govt debt situation has turned contagious, reaching Italy and if truth be known, threatening the London banks. See the Credit Default Swap activity recently. The remaining time is slim before a much wider implosion grows. The individual investor is running out of time to protect the wealth saved in a lifetime of work, sweat, and sacrifice. Gold & Silver are the best way. Investment funds tucked away in bank certificates of deposit and in sponsored pension funds are the next target. The syndicate will use FDIC insurance leverage to snatch the bank CDs. They will use the tax deduction leverage to snatch the 401k and IRA funds. Already just today, a Hat Trick Letter subscriber in Maryland reported that a local bank has begun to refuse redemptions of $1000 USTreasury Bond certificates. Time is running out.

The Max Keiser method of revolt is so simple. Each US citizen should purchase a single silver coin. The effect of the millions of flapping butterfly wings would bring down the JPMorgan pilars. Few heed the wisdom of the simple plan. They have been inculcated with propaganda for so many years that they do not comprehend precious metals at all. They do not even pay heed to the Constitution which orders only gold & silver as money, valid to satisfy debts public and private. If told to use salt or oregano as legal tender, these sheep would surely comply but with perhaps at most a raised eyebrow. The personal method of protection against a future darkened by syndicate power and overshadowed by its assault on liberties is not laid out for all to see and follow. The Gold & Silver solution is simple and clear. But many internal dilemmas are presented.

The people must take an oppositional position against the power elite and the cancerous control wielded on the financial state. In doing so, they must at times resist the feeling of a soldier of insurrection. They must embrace it instead, but peacefully. Instead, consider imitate the model presented in Concord Massachusetts by Henry David Thoreau. He engaged in civil disobedience in a symbolic manner with at least an historical effectiveness. Today hundreds of thousands of betrayed angry homeowners have decided to stop making mortgage payments in defiance. They demand proof of bank-held property title. They are winning in court rulings. The civil disobedience is spreading quietly and powerfully, even without much aid from exposure by the intrepid lapdog press. Investors in Gold & Silver must ignore the calls of precious metals being a dead asset or the dishonor in taking a contrary position to the business investment direction. The bigger betrayal has come from corporate executive decisions. They invest in foreign workers. Take Cisco Systems, which announced job cuts of 10,000 workers. But they lied to the US press and investors. A private email came from one of their employees to tell that a new strategy was adopted by Chambers at Cisco. To reduce costs, they will open many more foreign facilities and expand jobs overseas. He omitted that planned item in the news conferences. So investors should seek precious metals instead, which has no corporate lying tongue, which has no leased gold paper certificates, which has no insolvent banker counter-party.

The people must take an oppositional position against the deeply infected financial markets and virus of false value of assets. In doing so, they must take action in self-protection of assets for themselves and family before the American Locomotive crashes into the abyss deep below. It has already hurtled over the cliff with great momentum, unstoppable. The futility of the USGovt debt limit and budget debate should awaken the people. But the masses all too often will expect another patch to be applied, buying time, kicking the can down the road. The can has turned nuclear. The road has turned into a cul de sac. The banking system insolvency can be patched over by phony accounting, but the inescapable fact is that the big US banks are all insolvent, dead zombie entities. When in 2007 Citigroup extended its lifeless hand and used garbage paper in their “C” stock shares to purchase little Cuzcaltan Bank, a profound effect hit me. They might have had motive to intercede in narcotics fund movement in Central America, competitive to the USGovt agency growing monopoly, but they used worthless paper to acquire a foreign bank with headquarters north of my new home in Costa Rica. It is one thing for JPMorgan to spread its own cancer, allowing the metastasis to reach and grab Chemical Bank, Manufacturers Hanover, and Bank One, but the practice extends into the full American Hemisphere. As the cancer spreads, the investor must seek out Gold & Silver and keep it outside the confines of the US borders. Not only people will be trapped soon, but money also.

The veritable comedy of the GLD and SLV exchanged traded funds continues to unfold, as COMEX inventory declines match the ETFund short positions in blatant obvious fashion. They are both being gutted by their cartel custodians. The COMEX short contracts are being satisfied by ETFund shares right under the ignorant noses of fund investors, too lazy to open a bullion account, too dumb to know the difference. The Gold & Silver investors will rejoice when both funds are dead, shut down, and the object of countless lawsuits. The actual metal should be pursued, with full distrust and prejudice directed at both the big US banks and the Wall Street masters. These funds are managed by gold cartel banks. Enough said.

People have lost the capability to comprehend what a $billion looks like, let alone a $trillion. A stack of $1 bills one million high reaches the height of the Empire State Building. A stack one billion high reaches the stratosphere. A stack one trillion high extends almost halfway to the moon. But to better realize the magnitude of the $13.4 trillion USGovt debt, one third of which was derived from war adventure, consider the following photo. Imagine other stacks of $100 bills in packets almost as high as the Statue of Liberty, bigger than either a soccer field or a football field. The merchants of fear, propaganda, and lies prefer to tell the people that all the gold bars in the world could fit into two Olympic sized swimming pools. They actually believe such a depiction stresses its insignificance. Rather it screams how low the gold price currently is. All the world’s money in circulation and supply could be backed by gold, even with a 2% cover clause, if the gold price were adjusted to its true value of $10,000 per ounce. Their argument stresses the extreme value of gold from its rarity. No limit exists to printed money on papyrus fraudulent rooted reeds.

The people must take an oppositional position against the power grab and asset grab as the Fascist Business Model enters a late chapter of destruction. In doing so, they must avoid a banking system that is insolvent from housing and mortgage assets, that is confiscatory with home foreclosure practices, that endorsed mortgage contract fraud in open manner, that is responsible for massive bond fraud that sells vacant toxic paper in the securities market, that is defensive in court rulings in a parade of negative decisions, that is embarking on capital controls to limit the flight of money. Controls are already in place to reduce bank wires to foreign locations, and to limit withdrawals. Curiously, only the biggest US banks seem to have the most stringent controls, probably because they are zombies struggling to walk. The dependence of money laundering funds by the biggest US banks is now out in the open. The United Nations team exposed the dependence. In late 2008, the big US banks might have failed without the important infusion of narcotics money, the UN report claimed. In a 2010 settlement case of money laundering, Wachovia pleaded guilty but arranged to pay a fine in settlement. The details escaped the financial press for its egregious ratios. Wachovia essentially paid a fine of 1/30-th of one cent per dollar of laundered processed funds. The USDept Justice is clearly part of the syndicate influence and curtain of control. The big US banks are attempting to limit the bond fraud claims in the mortgage backed securities arena, without much success to date. Another black eye came from JPMorgan foreclosing on homes owned by active soldiers in the USMilitary. Bank of America foreclosed on a homeowner in Florida without a mortgage or home loan at all. Across many states, the leverage to take back a home under threat of foreclosure lies in the MERS title database itself, since the courts have ruled in at least five states that it has no legal standing. The investor must seek out Gold & Silver in order to fend off the long arm of the banks themselves, who often operate with impunity. The observers are still looking for the first bond fraud prosecution of a Wall Street bank, along the lines of the action taken against Arthur Anderson. What a patsy they were to conceal the JPMorgan involvement at the center of the Enron scam.

The people must take an oppositional position against the upcoming systemic failure and implosion of the financial foundation. In doing so, they must give up on the hope that the nation can right itself. The Too Big To Fail nonsensical mantra is nothing but a loud call to avoid any solution at all, to keep the power structure intact. A legitimate solution would begin with liquidation of the big US banks. They are bankrupt. They are dead lending vehicles. They have morphed into casinos with vast derivative participation to sustain their time before ruin. The systemic insolvency includes the banks as the starting point, but also the homeowners of whom 28% are underwater insolvent on loans owing more than the home value. The lack of a sufficient industrial base makes a recovery practically impossible. Why just this week, the ISM data came out on reduced manufacturing activity, laced with higher prices paid. The dullard analyst buzz was that it did not matter since the nation produces so little. Exactly! But the message is the polar opposite. It matters in totality since much of the recovery propaganda message relies upon the export trade expansion. It aint happening. The investor must seek out Gold & Silver in order to avoid being part of the massive damage of the implosion underway. A national systemic failure is in progress. The nation has gone over the cliff and cannot find its footing. The grotesque systemic insolvency has spread, at least finally in recognition, to the USGovt finances. The press has done an adequate job in dismissing the claims that a default or lost AAA credit rating would be no big deal. The effect on the general population would be more than significant, and motivate them to take to the streets like in Athens, Madrid, and Paris.

The people must take an oppositional position against the fear mongers and operators of the propaganda billboards and loudspeakers. In doing so, they must come to grips with a harsh reality. Of 20 defined signals, the United States qualifies in 17 criteria as being a Third World nation. The details smack the people in the face, from corrupted elections to vanishing middle class, from erosion of infrastructure to constant military aggression, from colossal bank fraud to syndicate control of the national money operations, from fast rising price inflation to the dire need to re-industrialize the economy, topped off by syndicated propaganda news media. The investor must seek out Gold & Silver in order to avoid being a victim to the implosion process. The United States of America was founded on principles of freedom that should not be forgotten. All too often the leaders stoke the fires of fear, and raise the call to hatred of the vilified in foreign lands of other races and creeds. The investor must put aside the messages from the public address systems, from the devices that shape public opinion, from the crowd control devices, and invest in Gold & Silver. The patriotic act is to protect oneself and enable the future to unfold on the other side of the greatest asset transfer in modern history. A powerful Paradigm Shift is underway. The power is shifting to the East. The momentum is moving away from fiat paper money, that great license to defraud and to confiscate. The Great American credit line is being yanked. The shift includes a movement inevitably to a Gold Standard and gold-backed currencies.

The people must take an oppositional position against the trend toward the ruin of money itself and the crumbling of debt in climax. The Gold & Silver investor does not hope for the ruin to continue and grow worse. But that investor expects it, anticipates it, and must plan for it. The Jackass took little pleasure from seeing numerous ruinous forecasts to come true in 2007 and 2008 and 2009 and 2010. But they happened as expected, knowing the asset bubbles would bust inevitably. To be expected, the power centers would prefer to fleece the national finances further, rather than to be prosecuted for bond fraud. The objective nowadays within the power centers is to accelerate the fraud, counterfeit, theft, and confiscation until the final days of the USDollar when it is laid to rest. They must seize and grab all that is not nailed down. Unlike 1935, no possibility of gold confiscation is likely. To attempt any such confiscation would unleash a torrent of resistance, while it painted a global billboard that GOLD IS WORTH TEN TIMES WHEN ITS CURRENT PRICE. Such a clumsy maneuver would spark a tremendous foreign demand in all things gold that would blow the Anglo bankers away. If truth be told, the private investor accounts of numerous Wall Street executives contain ample gold & silver bullion. They routinely over the last 15 to 20 years have taken the counter-party position to the huge not so naked short futures contracts at the COMEX. Thanks to Jim Sinclair who revealed this practice at the 2009 PDAC conference in Toronto. He claimed they have large accounts within the Carlyle Group. So the people should invest like the elite bankers do, in Gold & Silver bullion metal, the ultimate money. It is the central bank reserve asset of last resort, the currency to pay for individual retirement years at the last resort, the ticket to avoid the homeless camp or the government sponsored camps for that matter.


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Thu, 07/28/2011 - 19:51 | 1502737 Use of Weapons
Use of Weapons's picture

I have to say that, in comparison, the 1100 page opus "Year 2083" by the Templar nutter was a pleasure to analyse. Btw - if you don't have an 'original' copy by now, most are under attack / viral editing by Anonymous. So, if you wanted to analyse the original [authoured by whoever] then your chance is fading.





[Edit - his fundamentals seem sound, his delivery is leading me into requiring a serious trepanning to wade through the rhetoric. Does he get paid by the word?]

Thu, 07/28/2011 - 20:18 | 1502811 Ahmeexnal
Ahmeexnal's picture

Get ready for 5 daily hours of Malcolm-X Jr. on all TV stations once the charade is off and he uses dictatorial powers to raise debt ceiling.

Fri, 07/29/2011 - 00:14 | 1503347 zenblkboi
zenblkboi's picture

Clearly you know nothign about Malcolm X.   TO insult that man with our president's name, shame on you.

Fri, 07/29/2011 - 01:10 | 1503478 l1xx3r
l1xx3r's picture

No offence, but have you actually researched what he was trying to do? Cause his image has been twisted so much from the worlds ignorance.

Thu, 07/28/2011 - 20:28 | 1502835 lawrence1
lawrence1's picture

If you consider the breadth of what he is writing about, his writing is economical.  I think you dislike his style which is a different matter.

Thu, 07/28/2011 - 20:40 | 1502870 gmrpeabody
gmrpeabody's picture

Don't know what his breath has to do with anything, but he lost me early on with that 911 stuff.

I'm sorry, but I can't take anyone seriously that clings to that theory.  ;- )

Thu, 07/28/2011 - 22:22 | 1503065 jomama
jomama's picture

orly?  i'll make it real easy for you.

explain these seismic data


Fri, 07/29/2011 - 03:28 | 1503548 New World Chaos
New World Chaos's picture


Those data have been shifted to match the times stated in the 9/11 commission report.  But the fools forgot to shift the data to account for sound travel time through the bedrock, which would make the wave start about six seconds later in this case.   Data from the same sensor is also listed at and the "impacts" are 14 and 17 seconds EARLIER than in the 9/11 commission report.  I worked with seismic data for several years and I assure you that each sensor must be connected to a clock which recieves regular updates from the GPS network.  A ~20-second error would result in seismic events being mislocated by ~ 100km.  The air traffic control network will also have rigorous timing.  So, why the discrepancy?  Perhaps the "impacts" were actually blasts in the basement rather than impacts of the planes (which would not have transmitted much energy into the ground).  Witnesses have reported blasts in the basement before the impact.  Further explanation of this can be found here:

Also, the seismogram for the collapse of 7 World Trade Center shows two distinct waveforms separated by approximately six seconds.  The freefall collapse time would have been six seconds.  The first waveform is has larger amplitude than the second, so the takedown blast must have been huge.  Doesn't look like a pillar failure when compared to the collapse.  However, I must note that the energy released for the collapse is suspiciously small (magnitude 0.6) and the collapse waveform doesn't show a steady rise, as would be expected for a freefall collapse starting from ground level.  Perhaps the first waveform is really the collapse and the second waveform is some explosion in the basement; who knows.  Maybe the whole waveform was muffled by all the Beanie Babies and Cabbage Patch Kids stuffed in the COMEX vault whose metal was "vaporized" on 9/11.

Fri, 07/29/2011 - 03:18 | 1503617 doggings
doggings's picture

a closed mind is a dangerous thing.

Thu, 07/28/2011 - 21:59 | 1502985 phyuckyiu
phyuckyiu's picture

Jim is da man. He does two free articles a month, this is a sample. And yes he has a shitton of paid subscribers since he gives accurate as hell timed calls on PMs, kinda like Turd.

Fri, 07/29/2011 - 01:27 | 1503505 grey7beard
grey7beard's picture

>> accurate as hell timed calls on PMs, kinda like Turd.

Accurate as Turd?  I've followed the Turds calls closely and he's anything but accurate.  Did gold make it's June Turd's number?  Are we still in the summer doldrums?  Is silver still languishing in the low 30s?  Was the time to buy after it breached $39.45?

Turd's a nice guy and a brilliant self promoter, I'll grant him that.  And he's amassed a tenaciously loyal following who he's led off the cliff on a number of occaisions. 

The Turd is a snake oil salesman.

Thu, 07/28/2011 - 21:53 | 1503002 phyuckyiu
phyuckyiu's picture

"The latest Commitment of Traders Report for silver is now screaming out at full volume BUY BUY BUY. In fact, the Commercial Short-Long Ratio that I have already bored you with at great length in recent correspondence is now down at a multi-year super extreme of 1.79. Below is an up-to-date chart of the COT picture. In summary there have only been four other weeks in this whole bull cycle where the ratio has dropped below 1.80, four weeks. The first two weeks of these was the 28th August 2007 and the following week of the 4th September 2007. The second tranche was the 21st October 2008 and the following week 28th October 2008. If you study below both the chart of silver over that period and also the HUI gold mining index, you can see how these extreme lows below 1.80 in the ratio coincided on both occasions very markedly with a bottom in both the silver price and the mining index. On each occasion this proved to be a multi-year opportunity to take positions in both the metal and the precious metal mining stocks. Each time the price of silver rose by some 60% to 90% within a six month period! And the HUI index rose some 90% to 160%. Folks, there is no such thing as a risk-free trade. There is no such thing as a free lunch. And there is no such thing as a one-way bet. However, there are certain times in an investment cycle when an outstanding opportunity presents itself and advantage should be taken. The evidence above shows very clearly the historic correlation between an extreme low below 1.80 on the Commercial Short-Long Ratio and a multi-month bottoming in the price of both silver and the precious metal mining stocks. I would consider this to be one of perhaps four of the most suitable buying opportunities within the last eight years!"   Those are free words of his from July 7th of this year. Would have made you some decent $$ as well.

Fri, 07/29/2011 - 00:45 | 1503428 rocker
rocker's picture

I take it that the article was as good for you as for me. Since so many want to puke on real money. I say to those, save all the dollars you want.

And don't forget to buy all those phony companies listed on the stock market. L.O.L.  

But you should buy a few good old companies that mine for the real stuff that hurts when it hits the foot.  Eh. 

Thu, 07/28/2011 - 23:19 | 1503165 Prometheus418
Prometheus418's picture

I've got the original, unedited 2083 file, from a couple of hours after the attack.  Don't know that I necessarily support the guy, but I do believe in unedited source info- so if anyone needs it, gmail me and I'll send it intact.

Thu, 07/28/2011 - 23:33 | 1503214 tempo
tempo's picture

The Government's gold reserves (whatever is left) came from making it illegal to own physical gold. In 1913 or so, the Govt. required all individuals to sell any gold they own for $25/oz. Anyone who did not surrender their gold risked a 10 year prison sentence. This will probably happen again. So how does owning gold provide any more protection than owning stocks? Face the facts, the Govt can and probably will control any and all wealth over time. Just lay back and enjoy it.

Fri, 07/29/2011 - 01:33 | 1503516 Roger Knights
Roger Knights's picture

Confiscation had a legal justification in 1933 because the US was on a gold standard. Today, such a justiication is lacking.

Thu, 07/28/2011 - 19:47 | 1502748 GetZeeGold
GetZeeGold's picture


Gold five digits Bitchez



Thu, 07/28/2011 - 19:56 | 1502762 AmazingLarry
AmazingLarry's picture

Big Willie needs political office....yesterday. 

Tradition, beyotchz.

Thu, 07/28/2011 - 19:57 | 1502764 Clayton Bigsby
Clayton Bigsby's picture

Um, sounds a bit alarmist to me.  Anybody else on this guy's page?


Thu, 07/28/2011 - 20:05 | 1502774 Clayton Bigsby
Clayton Bigsby's picture

i guess -1 is the new junk at least have some balls and tell me why - it was an honest inquiry, penishead

Thu, 07/28/2011 - 20:13 | 1502803 erg
erg's picture

I didn't junk you, yet. I thought he left a bunch of shit out. Now I'll junk you. For asking why you got junked.

Thu, 07/28/2011 - 20:19 | 1502814 Clayton Bigsby
Clayton Bigsby's picture

thats ur prerogative - still wouldnt mind a non-polemic analysis - dollar junk - pm's good - im okay w that - but global conspiracy by the man? - sorry kid i aint buyin

Thu, 07/28/2011 - 20:37 | 1502861 Clayton Bigsby
Clayton Bigsby's picture

ha!  I +1'ed myself, so eat it donutpuncher

Thu, 07/28/2011 - 23:29 | 1502934 caerus
caerus's picture

greenpress for the donutpuncher stealing that


shit sorry...donut punchers...

Thu, 07/28/2011 - 20:22 | 1502819 Clayton Bigsby
Clayton Bigsby's picture

ps please enlighten me as to what was left out.

Thu, 07/28/2011 - 20:29 | 1502836 Clayton Bigsby
Clayton Bigsby's picture

PSS in the meantime, NFL back on, bitchez...  bread, circuses, and ochocinco

Thu, 07/28/2011 - 20:32 | 1502843 Clayton Bigsby
Clayton Bigsby's picture

I see your "junk" and raise you -1 - put that in ur pipe and smoke it, turdburglar

Thu, 07/28/2011 - 20:46 | 1502881 erg
erg's picture

Ask the community why you got a vote up. Other than yourself.

Thu, 07/28/2011 - 21:32 | 1502977 phyuckyiu
phyuckyiu's picture

I understand your concern about Jim Willie. I found him a few years ago, and figured out he was right about everything, and started buying coins. He was right. Jim had an article a few weeks ago saying the short interest in silver was the lowest it's been in years, only the 4th time in history the shorts were that low. He advised to buy with both hands. He was right. Jim had an article a few years ago saying the Comex was having trouble delivering and that default was on the horizon. He also mentioned buyers of size from Asia and the Middle East that are pissed as hell and going to give the U.S. a colonoscopy with PM prices. This was when silver was around 17-18$. I started buying at that point. He was right. It's a shame more people don't carry his work, I originally found him from reading , a very nice aggregator. I think more people don't carry his work because he is outspoken about 9/11 being an inside job and Barry having questionable birthright, and collusion with Israel in all aspects of finance. I send his articles to my relatives and they respond back saying he's too angry, but some good points. Well I'm a bit angry too so I let it slide. I understand that part turns you off, perhaps you can tune it out. I am super duper omnomnomnomnom happy that Tyler put Jim's work up. All I can tell you is, follow him for over a year, he only writes two articles a month unless you subscribe so not hard, when you realize everything he says has come true, then you start paying more attention. Follow him a few years and he starts looking like an oracle. Turd Ferguson and Jim are becoming fast friends, and mention each other in their blogs. Jim was right when he told me the shit was gonna hit the fan at $18 silver, and he was right about 2 weeks ago being your last stop on the low price train for PM's. Sadly he will probably be right about the other things you consider a consipiracy as well. THANXS TYLER FOR CARRYING JIM, please more <3

Thu, 07/28/2011 - 22:52 | 1503132 Buddha_Gorilla
Buddha_Gorilla's picture

Reading the Golden Jackass since 2005.  Not only has he been spot on re: PMs, he was sounding the alarm on the toxic mortgage mess and overvaluation in the banking sector in '07/'08.  He has a particularly hideous circle of hell reserved for Jamie Dimon & JP Morgan, and guided me to some very profitable shorts in early '08.


Personally, I find his writing entertainingly bombastic and entirely worth the price of admission.  In each letter, about 50% of the content is spot on, about 40% is generally right but hard to prove, and 9% seems way out in left field (but likely to be proved accurate at some point in the future.)  The remaining 1% is just flat out looney.  

Thu, 07/28/2011 - 23:00 | 1503145 GoinFawr
GoinFawr's picture

Damn straight, bombastic style!

Fri, 07/29/2011 - 05:46 | 1503746 zuuuueri
zuuuueri's picture

Does one really need a guru to tell one something so obvious?

Don't get me wrong, i'm very glad they're saying what they're saying.. but at least to me the situation has been bloody obvious for as long as i can remember. I bought my first gold (a 1/4oz kruger) back when i was 11 years old with money from washing peoples' cars and mowing lawns, and bought silver from the age of 10 and on, with whatever few spare bucks i set aside! really, the whole picture has been as plain as day for as long as any of us here have been alive! 

Fri, 07/29/2011 - 10:10 | 1504421 GoinFawr
GoinFawr's picture

Jim's no Guru, he's a kick in the pants. Maybe you've never needed one, good for you, but that only puts you in a very small minority as there are lots and lots who desperately need to give their heads a shake. JW fits the bill.

Thu, 07/28/2011 - 22:22 | 1503064 Frankie Carbone
Frankie Carbone's picture


The reason that I beat you, is because you ask why I beat you. ~ Amon Goeth, Schlinder's List.

Thu, 07/28/2011 - 20:08 | 1502789 mayhem_korner
mayhem_korner's picture

I'd describe it as "vengeful militant."  Futile I think also.  PM buying as a tactic of advancing justice is a bit over the top for me (see post a couple down).

Thu, 07/28/2011 - 20:17 | 1502808 NotApplicable
NotApplicable's picture

Alarms have value.

Thu, 07/28/2011 - 20:33 | 1502846 Clayton Bigsby
Clayton Bigsby's picture

look you fuckin pussies - at least if ur gonna junketh the clayton, back it up with a post - otherwise, I fart in your general di-rection

Thu, 07/28/2011 - 20:46 | 1502882 mayhem_korner
mayhem_korner's picture


You're beating a dead and long decaying horse.  Solo conversations are not in vogue at ZH...pleading for justification of junks is a few notches south of manly. 

Thu, 07/28/2011 - 21:01 | 1502917 TSA Thug
TSA Thug's picture

You'd better calm down! And get back in line.


--You WILL Obey!

Thu, 07/28/2011 - 20:49 | 1502889 thewhitelion
thewhitelion's picture

He's several chapters ahead of me, but I think we're reading the same book.  In any case, I have to love a guy who refers to himself as "The Jackass" in the third person.

Thu, 07/28/2011 - 19:58 | 1502766 erg
erg's picture

Yep, time to revisit the coin dealer. I wonder what 1.5 qaudrillion looks like.

Thu, 07/28/2011 - 19:59 | 1502767 mayhem_korner
mayhem_korner's picture

I'm into gold for wealth preservation.  Conspiring to hoard PMs to take down the bankster complex is a misplaced motive to me.  The end game is set and the toothpaste ain't gettin' back in the tube.   

Fri, 07/29/2011 - 02:06 | 1503563 Nozza
Nozza's picture

Toothpaste :)

Thu, 07/28/2011 - 20:05 | 1502773 AladdinSaneGirl
AladdinSaneGirl's picture

Just got an email newsletter saying the debt is $14.3 trillion, nearly a trillion more than in this article. Maybe nobody knows for sure, or it's just rising so fast ... how easy will it be for Obama to sell treasury gold? How much approval does he need?

Thu, 07/28/2011 - 20:31 | 1502842 DosZap
DosZap's picture


Last clock about an hour ago, and we were well past 14.543T.

As for approval, NONE, except declare a National Emergency,issue either an EO, or a PDD.

Done deal.............

But, 400B worth of Gold if it's still there, will not get him far.

Thu, 07/28/2011 - 22:34 | 1503109 UP4Liberty
UP4Liberty's picture

According to the Gold Reserve Act of 1934 - TECHNICALLY - the actions of the head of the US Treasury are NOT subject to the review of any US federal officer.

Here is a link where you can see the text:

Obama may not be able to do anything - LEGALLY or CONSTITUTIONALLY - but the Secretary of the US Treasury has almost UNLIMITED POWERS - and just about all the latitude he needs to INTERVENE.

Thu, 07/28/2011 - 20:06 | 1502780 Sophist Economicus
Sophist Economicus's picture

OMG! Jim, I'm all over the gold and silver message, but Jesus, what the heck did you ingest in Costa Rica?

Thu, 07/28/2011 - 21:12 | 1502949 High Plains Drifter
High Plains Drifter's picture

well he got out of dodge when the gettin was good. now he waits. in the coming conundrum, he will watch and see what happens. if "we" win, and after the smoke clears, he will come back to the good ole us of a , to honor us with his intrinisic witicisms and stories , here in the land of his birth........

frankly, at this point, if i could do such, i would not let these expats back , after much blood has been spilled and so much has been given for this great prize.  if you run from it and then you think you can sit it out somewhere else, then by all means, have at it. but to me, there is another side to that coin. you have made your move. now that move is permanent, sealed with the blood of those who fought and died and fell for allow people like this to return, would imho, besmerch the honored memory of  those who died for her by staying here and doing what they had to do ........


Thu, 07/28/2011 - 21:57 | 1503012 lawrence1
lawrence1's picture

Some, but not much of that blood, died for liberty.  Most died in the interest of maintaining the banking elite, the need for oil, the intererests of the war machine.  And if you believe in liberty, why should any Ameican not be allowed to leave and then return if one sees fit?   You sound like you want to impose thought control.  How about an intelligent response to the content of what he has said.

Thu, 07/28/2011 - 22:46 | 1503125 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 green more.

We Americans should be allowed to do what we want.  If that means leave, OK, then we should be allowed back as well.  Freedpm and Liberty are (were) what this country is all about.

Jim Willie is completely right: BUY physical gold and silver ASAP.

A little diversification in where you keep it is a GOOD idea as well.

Thu, 07/28/2011 - 22:57 | 1503138 High Plains Drifter
High Plains Drifter's picture

oh i have no problem with what he said more or less. it is just that now he speaks to me from costa rica. all i am saying is it is interesting on the one hand to read what this guy tells me, while he sits , (in what he deems to be i guess) personal safety , while on the other hand,  the rest of us are left to carry the water so to speak. for this, i have no need. there are many like this. shall i say to them in that day, come home dear brother. we fought and we won and many died and now it is safe for you to return?  shall i say this?   i shall left us in our time of need and now you want to return when it is safe. i have no respect, none, for people who do this at this time in our national history. if you leave, then you leave and you will never come back...........those are the chips that  are played. i mean, what do you say to a lousy one percent or less who get it , in this country , that some have left to save themselves but now after the smoke of revolution is clearing away, they wish to return as if, such a thing is ok?  it is not ok. this time in our national history is like no other. i have no misconceptions about what is to come. the days will be dire. but i suspect, there will be many who refuse to bow the knee, who fight and die for this land, who might agree with my ideas on the subject. such are the days we live in now. such are the times we live in now. days and times like no other. either stay and help take care of business, or leave and never come back......

Thu, 07/28/2011 - 23:18 | 1503161 Fred C Dobbs
Fred C Dobbs's picture

You make a big assumption that one would want to come back.  Come back after what?  After some revolution where everything is fixed?  That is unlikely to ever happen.  Leaving america is no different then our ancestors leaving Europe.  It seems to me this is all a natural progression of things.  

Thu, 07/28/2011 - 23:45 | 1503253 falun bong
falun bong's picture

ding ding ding we have a winner

My father left Europe in 1946 for the fertile pastures of the USA. I looked around in 2005 and saw that the grass was getting all chewed down to the I moved to a different pasture ( Australia and survival paradise Vanuatu). It ain't hard, got the new passport and everything. just do it bitchez!

Thu, 07/28/2011 - 23:51 | 1503274 High Plains Drifter
High Plains Drifter's picture

so you think you are safe huh?  believe me, wherever you go, there they will be also. the beast is everywhere my friend. there is nowhere to run and nowhere to hide. trust me. you will learn this soon enough. it might just take longer where you are, but you will learn it. we are under stress here, because mainly it is time for us to be attacked in so many ways. this all is not happening by accident but has been planned for generations.

Fri, 07/29/2011 - 00:48 | 1503433 GoinFawr
GoinFawr's picture


He never said he gave up trying to change things, just his personal circumstances; maybe he thinks his chances to 'alter outcomes' are better where there isn't the same concentration of  duped loonies... just guessing.

'Trust you'?  Pull the other one.

Thu, 07/28/2011 - 23:47 | 1503259 High Plains Drifter
High Plains Drifter's picture

leaving the old world and coming here , seeking a new way of life and freedom of religious thought is one thing but leaving this country in her time of need and letting others fight and die in a bloody revolution, then attemtping to come back , is totally another thing entirely. sorry sir, very bad analogy..........

Thu, 07/28/2011 - 23:21 | 1503169 DavidPierre
DavidPierre's picture

Jim Willie's life has been threatened on more than one occasion.

  Stay in that hell hole if you think things will ever improve, but the odds don't ride with you.  I left over 41 years ago and have no intention of ever returning to the Nazi States of Amerikkka.


Thu, 07/28/2011 - 23:55 | 1503290 High Plains Drifter
High Plains Drifter's picture

i remember when i went overseas in the army. i came home in 1973.  when i got home , i felt so good because it was home. it was my home.  now my home is under severe attack. i sir, shall do whatever i can to defend her. on that you can depend.  many vietnam vets are still angry about what happened during that damn war. they want to get some trigger time in. targets perhaps will be anyone with a uniform on or riding in a government vehicle..........or it might just be a figment of my wild imagination..........

Thu, 07/28/2011 - 23:26 | 1503184 DoChenRollingBearing
DoChenRollingBearing's picture

HPD. is this scenario below more or less what you are saying?

The Bearing, becoming duly alarmed has chosen to LEAVE with his dough and go to Peru (I do have the option to stay and fight (I really do), but I am telling a story here).  I wait it out down there, keeping my citizenship and PAYING my taxes. 

America resets.  And the Bearing likes what he sees: a free America!

So, you will not allow a freedom seeker back, who can bring his capital back to a country likely NEEDING CAPITAL?  That is not Liberty and Freedom in my book.

No junk, just my thoughts on what you wrote.

Thu, 07/28/2011 - 23:44 | 1503247 High Plains Drifter
High Plains Drifter's picture

well the times are extraordinary, are they not? its a life or death situation coming soon, correct?  i just bring this up for discussion. i have no power ( of course)  to decide such things, but merely bring it up for discussion.  one might conclude that people who have been fighting maybe for years, and dying for years and being hounded and harrassed by government forces for years, suddenly by the grace of God somehow win, as it was in the first one, would perhaps be less than willing to allow someone to return that willingly left?  i mean, it is common sense one might gather. i can tell you my thoughts on it and you are reading them now.  i can say this. if i participate in these endeavors and i will by the way, and after years , somehow , i am still above ground and still breathing and people have been trying to kill me for years.  i will in no mood to be conciliatory to people who left just to save their own skins etc........i don't know. but i bet i won't be alone in those feelings.  freedom and liberty are not free. someone is going to have to pay the price. this land is worth that price imho. we live in extraordinary times. during these extaordinary times, extraordinary people have to step up to the plate. many will....shall i tell the father of two who lost both boys during these days of the troubles, that dochen wants to come home now. he wants to bring his money to us now and start up businesses for profits.......etc?  dochen, what do you think this father would tell me?  would he be forgiving or would he be kind of pissed off?  i bet the latter................. this is of course, all a game of what if..........what if........

Fri, 07/29/2011 - 00:22 | 1503369 DoChenRollingBearing
DoChenRollingBearing's picture

"freedom and liberty are not free."

Good point.  Discussion is always good.

Gave you a green one.

Fri, 07/29/2011 - 00:41 | 1503419 Bringin It
Bringin It's picture

Hey HPD - Chill out man.  You make some great posts, but now you sound like a lunatic.  No one's carrying the water for me.  There is no revolution.  Tyler left for parts unknown because ... I presume ... he felt he could be more effective outside.  Ben Franklin lived in France.  Jim Willie is doing a courageous, patriotic service.  He feels he's more effective at this time writing from CR. 

You're a smart guy.  Think it through.  We don't need to be attacking each other.

I come back from time to time.  Like right now, I'm back. 

Thanks for all your posts.


Fri, 07/29/2011 - 01:25 | 1503502 Nostradumbass
Nostradumbass's picture


"the rest of us are left to carry the water so to speak. for this, i have no need."


So, what water ARE you carrying for all of us anyway?

Are you saying that you would not leave -PERIOD? Or that time and circumstance keeps you where you are?

Judge not...

Mon, 08/01/2011 - 13:43 | 1513503 greenbear
greenbear's picture

...on his keyboard he bangs out valiant words... under an anonymous username...

Fri, 07/29/2011 - 01:15 | 1503489 Nostradumbass
Nostradumbass's picture


"frankly, at this point, if i could do such, i would not let these expats back , after much blood has been spilled and so much has been given for this great prize.  if you run from it and then you think you can sit it out somewhere else, then by all means, have at it. but to me, there is another side to that coin. you have made your move. now that move is permanent, sealed with the blood of those who fought and died and fell for allow people like this to return, would imho, besmerch the honored memory of  those who died for her by staying here and doing what they had to do ........"



Pea shooters against particle/beam weapons is no fair fight anyway.

Besides, he clearly states that he has moved because he fears that he is perhaps a marked man here. What good could he do dead?

And, with the memory of the average imbecilic American, who WOULD remember him after a week or two anyway?

Thanks for staying and fighting nonetheless brother. See ya on the other side?


Fri, 07/29/2011 - 02:46 | 1503593 Island_Dweller
Island_Dweller's picture

Dear HPD.


As someone who has left the USA because he saw this all coming and didn't see any solution, I write to you.


Imagine you were writing this same thing to a German in 1935; because that's how I feel when I read your words.  Stay and fight?  Fight for what?  The land?  The people?  The government?  The only thing worth "fighting for" are the principles that the USA was founded on and those principles were thrown out long ago.  In fact, they never existed in my lifetime (I'm 46), but early in my life TPTB and the media lapdogs convinced me that it did.


If, at some point in the future, my fellow citizens did anything that I thought was fighting for our principles, I would be back in a heartbeat.  But all I see is what Germans did in the 1930's and that's roll over and play dead.  I think that is the lesson TPTB and the media lapdogs will never talk about, is that people are people.  People have accepted facsim/totalitariansim in Germany, China,The USSR, and many other places in human history.  To think that we are different and will "do something" is naive.  Americans are as brainwashed and "patriotic" as the Chinese during the cultural revolution or Germans during the rise of the Third Reich.  You really wouldn't let Jim Willie back into your wonderful Germany after the war?

Anyway, that's all I have to say to you HPD, as for others who may have read this far I say: Learn from history, people are pretty simple and will not learn or revolt (the American Revolution was an anomoly, never before or since did people in relative comfort rebel against their leadership) and the present America will be no different.  I think Jim Willie has good advice, get yourself and your assets out now while you can.  There can not and will not be a revolution in America as most citicens want to believe the fantasy offered to us on the nightly news.

Fri, 07/29/2011 - 03:41 | 1503633 ConfederateH
ConfederateH's picture

i would not let these expats back , after much blood has been spilled and so much has been given for this great prize.

HPD, as an Expat I can tell you that I would not want to come back to any place where facists like you are calling the shots.  And in any case, I threw off the yoke of the federal government.  If I could have thrown off that yoke while remaining a citizen of Colorado, I certainly would have done it.  But clearly you think that even after the reset that the federal government should have the ability to throw people in a federal prison financed by federal income taxes.  You are still a supporter of the problem that Jim Willie has so clearly identified.

Thu, 07/28/2011 - 22:56 | 1503134 GoinFawr
GoinFawr's picture

SE: If the Jackass has imbibed anything that makes him party like this it must be a daily dose because he's been this way a long long time. I think he can handle it, judging by his record of nailing it down and spelling it out before you even knew it was coming.

I thoroughly enjoy his wingnut style, it keeps the toffee nosed at arm's length while cutting through the shit like a hot-buttered knife.

In fact, after reading the comments so far I'm not too sure I'm all that happy about seeing his stuff here.

Thu, 07/28/2011 - 23:21 | 1503168 High Plains Drifter
High Plains Drifter's picture

i used to read him a lot. but i noticed that he would constantly make these wild accusations and  all of this wild crazy "insider" stuff that nobody else was talking about and the one thing i noticed is that none of it ever happened as he said it would. that is when i quit reading his stuff.

Thu, 07/28/2011 - 23:38 | 1503230 GoinFawr
GoinFawr's picture

Well, not exactly as he said it would, but if you can read between the lines his batting average is over 300 with puh-lenty of RBI's. You've missed out.

Thu, 07/28/2011 - 23:45 | 1503254 High Plains Drifter
High Plains Drifter's picture

i think most of what he says is pure bullshit.......but hey that is just me........ha ha ha

Thu, 07/28/2011 - 23:58 | 1503305 GoinFawr
GoinFawr's picture

How would you know? You 'stopped reading him long ago' or whatever.

I certainly don't agree with everything the Jackass says (until circumstances go ahead and prove me wrong and him right yet again), but then I'm not one of these idiots who will disregard everything someone else says simply because I don't see eye to eye with them on some trifling 'point of order'.

Fri, 07/29/2011 - 00:07 | 1503327 High Plains Drifter
High Plains Drifter's picture

well case in point. he makes all of these outlandish claims , that something is going to happen because of his extensive insider knowledge and then you wait and wait and it never happens the way he said it would . this guy is a very good letter writer, no doubt.........i mean you have to write something in there.


now i think the guy in australia the privateer,  is pretty good . but he backs up his figures with facts that anyone else can see...

Fri, 07/29/2011 - 15:02 | 1505972 RockyRacoon
RockyRacoon's picture

The Captain at The Privateer, Bill Buckler, gives no quarter to the "fact" that Bin Laden was killed as it was laid out.   He has no "facts" for that opinion, but it is shared by many.  Otherwise, he has been spot on since I have been a subscriber in the late 1990s.  He cuts right thru the fog:

For the US government, and their counterparts across the world, Wall Street and its equivalents have been
the “economy” for a long time. Modern financial “markets” with all their complexity and convolutions
have become the “money laundering” facilities of modern governments and their central banks. In the
usual use of the term, “money laundering” is a process by which earnings from “illegitimate” or “illegal”
activities are disguised as the proceeds of perfectly aboveboard business practices. But Wall Street and
its equivalents have a much neater trick. They take “money” created at a “stroke of the pen” based on an
IOU payable in future issuances of same into something which has the appearance of being a viable
medium of exchange. Without Wall Street, the US government could not pretend that their “legal tender”
was anything more than a piece of paper graced with a “stroke of the pen”. Without the US government,
Wall Street would not have the fuel they need to go on masquerading as the US “economy”.

Sat, 07/30/2011 - 02:46 | 1507369 GoinFawr
GoinFawr's picture

So "Not all who wander are lost" and "Not all who launder are washed"

Fri, 07/29/2011 - 00:11 | 1503339 High Plains Drifter
High Plains Drifter's picture

by the way, goinfar, i quit reading him about the time zerohedge got off the ground. do i have a good enough excuse? :)

Wed, 08/03/2011 - 18:06 | 1522170 GoinFawr
GoinFawr's picture

That's worth a green triangle anyday.

Fri, 07/29/2011 - 01:05 | 1503426 Bringin It
Bringin It's picture

HDP that's me junking you BTW.  Just to let you know you're off track with this one.

i think most of what he says is pure bullshit.


Thu, 07/28/2011 - 20:08 | 1502790 thermroc
thermroc's picture

Regarding the US debt ceiling negotiations, here’s a plan that could work.


The President announces that the Strategic Oil Reserve is for sale, the price being $100 dollars a barrel, or 1000 barrels for an ounce of gold.

The price of gold will then immediately be arbitraged up to $100,000 an ounce.

The Treasury then sells 140 million ounces of gold, just half the US gold reserves, to pay off the national debt.

No national debt, no need for debt ceiling, problem solved.


Oh, wait, that would blow up the COMEX, the LBMA, the US dollar and the global US hegemony.


Back to the drawing board...

Thu, 07/28/2011 - 20:14 | 1502805 mayhem_korner
mayhem_korner's picture

Silly rabbit.

We all know you're being cute, and apart from the egregious assumptions about creating a 10,000% arbitrage opportunity out of thin air (i.e., by fiat!), you do realize that your game relies on 140 billion barrels of oil in the SRP to broker?

Thu, 07/28/2011 - 20:21 | 1502818 thermroc
thermroc's picture

No, not cute. Deadly serious, flying dog.

No reliance on billions of barrels, reliance on true gold/oil value relationship.

Ask Gadafi what happens when you propose selling oil for gold, if you can find him.

Thu, 07/28/2011 - 20:26 | 1502829 mayhem_korner
mayhem_korner's picture

Then just skip through the intermediate oil bit and get to the punchline.  You're advocating a gold standard, in which the outstanding debt and monies in circulation would be reflected in the gold price.

I was trying to gently shield your mathematical shortcomings so that your main point (with which I agree) might be seen.

Thu, 07/28/2011 - 20:45 | 1502878 thermroc
thermroc's picture

Wrong again flying dog.

Not advocating gold standard.

The key is to realise that the dollar has usurped gold's role as the store of wealth.

The largest generator of wealth today is oil, by far.

The dollar must capture that wealth or else lose its reserve status, to gold.

So the gold price must be maintained low, on the margin.

If oil bids directly for gold, the trick is revealed, and gold is returns to reserve status.

Not backing the currencies, floating against them, as physical.

You need to understand the point before you can gently shield it ;)

Thu, 07/28/2011 - 20:54 | 1502901 Internet Tough Guy
Internet Tough Guy's picture

You need to read FOFOA more; you got it wrong. The saudis don't store their wealth in the dollar; they use dollars to buy gold at the marginal price. The link between dollar and gold hasn't broken. When it does you will know it. Why do you think the gold/oil ration has been in the low to mid teens for more than a decade? The day oil can't buy physical gold is the day oil becomes expensive in dollars.

Thu, 07/28/2011 - 21:02 | 1502919 thermroc
thermroc's picture

That's because the Saudis know the true value of gold. Is your pension stored in gold?

Of course the link between the dollar and gold isn't broken. When it does, gold will float and we will all know it.

Thu, 07/28/2011 - 22:58 | 1503139 DoChenRollingBearing
DoChenRollingBearing's picture

The Tough Guy is completely correct.  Oil is the only market big enough to hide the physical trade of gold.

One of the consequences of the likely coming of Freegold is that oil will collapse in price vs. physical gold.  But, in dollars, oil may go very high...  Who will win that one?

Gold.  And its physical owners.  Best get started.  If you have gold, you can always buy a bit more!  I just did this week.  I have been BTFSpike for decades.

Anyone seriously interested in gold should read FOFOA, IMO the best gold analyst around.  Prepare yourself for a long hard journey (it was for me, some can get it more quickly than I did), you will need to use your brain and invest the time.  When you come out the other side and understand, you will be very rewarded!  Even if you wind up NEVER understanding Freegold and FOFOA, you will still win BIG if you just buy some gold:

Fri, 07/29/2011 - 15:10 | 1506007 RockyRacoon
RockyRacoon's picture

The Privateer - Number 683 Page 4

Money Is No Object:
A glance at the speed at which the US and all other “sovereign” governments have ratcheted up the debt
on which their money is based over the past half century makes it pretty clear that this is their attitude. A
slightly deeper examination of the economic wreckage they have caused in the process would make it
equally clear that under the present system, money CANNOT BE an “object”. Over the past forty years
in the US, funded government debt has grown from $US 400 Billion to $US 14.5 (and counting)
TRILLION. Could that have happened if the money had been sound? Certainly not. Could it have
happened if the vast majority of the “money” did not exist at all except as binary notations on computer
hard drives? Just as certainly not. The current state of our economic prosperity and of our political
freedom is the product of an entity which both controls the money AND makes the rules. In reality, it is
not possible to do one without the other. For those who crave power, money is and must be no object.
Nor has it been for the past forty years. The most singular thing about the reaction of the US government
to this particular instance of raising its debt limit is that for the first time in the fiat-money era they are
giving thought to the prospect of actually curtailing their spending. The mere fact that this has entered the
debate is the major factor in its chaotic nature and in the seeming inability of the two “sides” of US
politics to make a deal. Both sides stand aghast before the sudden realisation that their powers of
borrowing and spending are NOT infinite.
The Legacy Of “Risk Free” Finance:
For the best part of two decades (1982 - 2000) in the US and to a greater or lesser extent in most other
nations (Japan being the glaring exception), stocks were looked upon as being “risk free”. There was the
October 1987 “correction” to be sure, but that was regained by the end of the decade. By the late 1990s,
the vast majority of the American people had given up any pretense at monetary savings. The reason was
simple. Almost all were involved in the stock market and most were expecting annual gains of 20 percent
“in perpetuity”. This was the latest and last in a long series of “extraordinary popular delusions”. Like
all its predecessors, it was eagerly embraced, aided and abetted by governments and their central banks.
Then came the Nasdaq crash of 2000, a financial earthquake from which stock markets have never
recovered. So the attention swung from “securities” to the “real thing” - houses of every description and
degree of elegance and size. The housing boom was even more eagerly embraced, aided and abetted by
governments and their central banks. Governments did not directly subsidise the stock market, they
merely manipulated policies and interest rates to aid in its rise. Governments continued to do all these
things but went even further. They certainly did directly subsidise the housing market. They made
mortgage payments tax deductible. In many nations, notably in Australia but also in the US, they literally
gave money to home buyers get them over the “down payment” hump. They turned a blind eye to the
fraud being perpetrated by the banks in falsifying the credit standing of those to whom they were granting
mortgages. And in the US, the government granted mortgages directly to anyone with a pulse through
their Government Sponsored Agencies (GSEs) Fannie Mae and Freddie Mac.
The resultant credit binge was the biggest and the LAST of the fiat currency era. Or to be more precise, it
was the biggest and the last credit binge taken on by the non government sector of the economy, those
borrowers who did not and do not have the power to create “legal tender for all debts public and private”.
The bursting of the housing bubble has also burst the long-cherished illusion that the way to get rich is to
- LITERALLY - make money. This realisation is still in its formative stages. It has certainly not yet
occurred to the vast majority of the long-suffering victims of debt-backed money. But it has been
implanted and it is not going to go away.
That leaves governments (and those who directly benefit from them) as the last holdouts in the great game
of equating debt with money. Today, in Washington DC, they are thrashing like fish out of water.

Fri, 07/29/2011 - 00:49 | 1503438 Bringin It
Bringin It's picture

Strangely, the Tough Guy is completely correct.  Has he been captured by aliens?  Maybe he was released from aliens? 

++ ITG.

Thu, 07/28/2011 - 20:58 | 1502912 mayhem_korner
mayhem_korner's picture

You completely agree with my synopsis of your point when you say that "the trick is revealed and gold returns to reserve status" (hint: that's advocating for a gold standard).  So you agree with me, and there's nothing my first post that's wrong, yet I'm "wrong again."  I think I get it, but not really...

BTW, if you believe the dollar has in fact usurped gold's role as the store of wealth, you have been on a different planet than virtually everyone else here.

Thu, 07/28/2011 - 21:11 | 1502945 thermroc
thermroc's picture

I am not advocating a gold standard. That has been tried and it results in deflation and depression. I am advocating physical gold floating against fiat currencies.


Thu, 07/28/2011 - 21:42 | 1502990 EHM
EHM's picture

Deflation yes. Depression no. Dragging gold through mud is the only way to persuade the public to worship paper. Gold standards benefit the people but restrict government. Keep believing the lie.

Thu, 07/28/2011 - 20:10 | 1502798 pgarner
pgarner's picture

No wonder he doesn't get along with his father. Turgid prose, my friends--like swimming through hot tar.

Thu, 07/28/2011 - 20:36 | 1502854 lawrence1
lawrence1's picture

Not turgid at all, rather an older style of presentation common a century ago before

everything was reduced to sound bites.  A vast amount of information and speculation presented

here succinctly, although the style is demanding. 

Thu, 07/28/2011 - 22:07 | 1503030 phyuckyiu
phyuckyiu's picture

It would probably get you a little pissed off like Tyler if all your shittiest fucking predictions came true.

Thu, 07/28/2011 - 20:13 | 1502804 Paul Bogdanich
Paul Bogdanich's picture

Holding precious metals or the use thereof as money (take you pick as the two are equivalent) will be made illegal.  Please recall that while on the gold standard the citizenry was prohibited from owning bullion.  The price was controlled, private reserves were verboten and production was regulated.  Or did you magically forget all that because it suits your portfolio?

Thu, 07/28/2011 - 20:26 | 1502830 caerus
caerus's picture

god forbid reserves will once again be verboten...good point

Thu, 07/28/2011 - 20:39 | 1502868 Corn1945
Corn1945's picture

The government is going to have much bigger problems (like dealing with the 44 million Americans on foodstamps who can't eat) on it's hands than going after gold owners.

Thu, 07/28/2011 - 23:09 | 1503151 Upswaller
Upswaller's picture

Unless, of course, the government turns the foodstamp recipients loose on the gold owners.  Sick'em!!!!! <sarc>

Thu, 07/28/2011 - 23:34 | 1503215 DoChenRollingBearing
DoChenRollingBearing's picture

Mutant Zombie Bikers / Golden Horde: please meet 7.62 x 39.

Thu, 07/28/2011 - 21:04 | 1502927 erg
erg's picture

I bought all mine in the fall of '10. All cash. They don't know stink. It's looks like I had a lavish Christmas if you peer into my account.

Oh yeah, I bought some on Turd's bottom.

Thu, 07/28/2011 - 20:21 | 1502817 apberusdisvet
apberusdisvet's picture

To summarize Jim Willie:

We are totally phukked unless we eliminate all the banksters and politicians.  I suggest a bounty of 10 oz of gold for each one, which will be big money after the big reset.


Thu, 07/28/2011 - 22:39 | 1503119 UP4Liberty
UP4Liberty's picture


Thu, 07/28/2011 - 22:39 | 1503120 UP4Liberty
UP4Liberty's picture

I'll give one ounce of my gold to support this effort - and not an ounce more!  :)

Thu, 07/28/2011 - 20:24 | 1502825 lawrence1
lawrence1's picture

Bravo, telling it like it is, a deep understanding of the rotting system.

Thu, 07/28/2011 - 20:24 | 1502826 HellFish
HellFish's picture

Once he went off on the false flag world wide conspiracy he lost me.  Some good points though.  And the bottom line. buy Au and Ag.

Fri, 07/29/2011 - 03:50 | 1503663 ConfederateH
ConfederateH's picture

I guess that means that you are entirely satisfied with the 911 commissions findings and you believe that building 7 conveniently performed a self-collapse.

Thu, 07/28/2011 - 20:30 | 1502839 Internet Tough Guy
Internet Tough Guy's picture

What an absurd screed; makes the unabomber seem sensible by comparison. This guy is an embarassment to gold investors. I want my five minutes back.

Thu, 07/28/2011 - 20:40 | 1502869 lawrence1
lawrence1's picture

Well, his level of abstraction and presentation does seperate the men from the boys, boy.

Thu, 07/28/2011 - 23:52 | 1503058 phyuckyiu
phyuckyiu's picture

Thats amusing since everyone considered punk absurd at the time.

Woke up this morning desperation a.m.

What I've been saying won't say them again

My heads not empty it's full with my brain

The thoughts i'm thinking

Like piss down the drain

Thu, 07/28/2011 - 23:48 | 1503106 GoinFawr
GoinFawr's picture

The Jackass has been doing this quite awhile, and his insight has been golden, regardless of your standard ITG hit and run. 

You really need to quit being so typically 'all or nothing', it's holding you back. If past successes count for anything there is intrinsic value in JW's words, mark mine.


Thu, 07/28/2011 - 22:36 | 1503108 GoinFawr
GoinFawr's picture

I hit that button one time. Once.

Fri, 07/29/2011 - 00:54 | 1503449 Bringin It
Bringin It's picture

ITG - back to your old self again.

Thu, 07/28/2011 - 20:30 | 1502840 platoslast
platoslast's picture

much hyperbole. im long pm's but as we have seen in the last two sessions, SI can take a quick 5%+ haircut. this is true of GC. we were at 1589 just a few days back up to 1629 and testing 1600 two days later. i wouldn't sell everything and go long pm tomorrow. i would simply identify a reliable source(s) and begin to accumulate. take advantage of the volatility and trade the futures against your position. if done properly, other than trading in USD against the instruments, nothing wrong with being aggressive with the long in physical. pepper the portfio with some currencies and you will be just fine. the only question is...when do you have the yard sale and convert? 

Thu, 07/28/2011 - 20:31 | 1502841 monopoly
monopoly's picture

Wow, I sure hope it does not get that bad. Many good points but hopefully the extreme points do not prove true. A bit scary though, I must admit. Does fortify my position to continue to purchase the real stuff on every dip. Still waiting for the damn dip. Maybe when they raise the debt limit next week, Wall Street will celebrate another 2 trillion into the market, I mean economy. At that point do we get a 50 dollar dip? Maybe 100. That is only about 7%. Ironic, don't you think, we approve more confetti to be printed and gold goes down because of a celebration as the market pops 200 points.

Only in America.

Thu, 07/28/2011 - 20:36 | 1502856 platoslast
platoslast's picture

risk on bitchezzz

Fri, 07/29/2011 - 00:24 | 1503150 DoChenRollingBearing
DoChenRollingBearing's picture

Ounces, monopoly, ounces.

Just BUY, ignore the price.  What you have seen is just the start.

BTFD is a recipe for NOT having enough ounces!

I have been doing the opposite since the 1980s: BTFS!

And it has worked great.

Remember gold has ALWAYS seemed expensive.  Evfen whne I wasa paying $350 for it.  Expensive at $400.  Expensive at $500.  Expensive at $900.  Expensive at $1200.  Expensive earlier this week at $1690 (that includes the premium for Gold Eagles.

Accumulate, bitchez!  And meniornd above, read FOFOA:

Fri, 07/29/2011 - 04:00 | 1503634 BigDuke6
BigDuke6's picture

Bearing, i love your posts as i think u love collecting it as much as me, got my first ounce age 8...


Thu, 07/28/2011 - 20:42 | 1502873 Corn1945
Corn1945's picture

It's hard to feel patriotism towards a country that is intentionally devaluing your money isn't it?

Thu, 07/28/2011 - 21:09 | 1502941 TSA Thug
TSA Thug's picture

Suck it up and get with the plan cornman! Sometimes you just have to work harder.


--You WILL Obey!

Thu, 07/28/2011 - 20:42 | 1502874 HungrySeagull
HungrySeagull's picture

I accumulate Gold and Silver plus trade bullion.

I don't do it because of alarm. I do it because it is a nice small income each day without the stress of actually going to work.

I will tell you in the back of the mind, I worry about the loss of the Gold Standard around 1971. I would like to see Silver Certificase return to our wallets again someday.

If it becomes time for fighting, there be weapons at the ready. I don't intend to make war on anyone.

Thu, 07/28/2011 - 21:06 | 1502930 Use of Weapons
Use of Weapons's picture

A book (fiction) that caught my eye last year

Interesting use of the "Ipad" in there [do you have an app for decentralised C&C decision making? Well... maybe] ... And, as a UK national, some small advice:


Keep it frosty - I might growl & bark, but pack safety is a premium.


Be seeing you.


Thu, 07/28/2011 - 20:58 | 1502910 chockl
chockl's picture

I think he meant Jewish Bankers...Duh

Thu, 07/28/2011 - 21:00 | 1502915 PaperBear
PaperBear's picture

Perhaps Jim Willies' father, and others not knowing history of money, would think twice if told that for 80 years following 1792 America used silver dollars and gold eagles for a medium of exchange.

Thu, 07/28/2011 - 22:24 | 1503076 phyuckyiu
phyuckyiu's picture

So basically you have to go back to the early 1800's to find a time period that contradicts with what Jim is saying. And that is somehow turned into an insult how? You have an agenda, attempting to bring in family.

Thu, 07/28/2011 - 21:11 | 1502948 Atomizer
Atomizer's picture

2009 time capsule comedy moment.

Rothschild CNBC Long Gold

 Media parrots to sheeple "We never saw it coming".. LOL

Thu, 07/28/2011 - 21:14 | 1502951 A Lunatic
A Lunatic's picture

Given the times we find ourselves in, here's a hypothetical. If you had a wad of cash would you buy security for yourself and family by paying off your mortgage, or buy the equivalent in gold/silver as a buy and hold strategy?

Thu, 07/28/2011 - 21:19 | 1502960 caerus
caerus's picture

seems like an honest question so here's an honest response...standard caveat...hold off on the mortgage the interest i guess if you want...this entire nation is going to default (we have already)  if the feds cant pay the bills why should you?  i suspect there will be some serious debt "forgiveness" soon...good luck (gold, silver very good ideas imo)

Thu, 07/28/2011 - 21:30 | 1502976 walküre
walküre's picture

If you have a wad of cash.. but the vast majority of Americans are not in that position.

They were wiped out and their equity destroyed in 2008.

Even before that event, a large number of Americans only ever knew to live paycheque to paycheque.

The scariest times are ahead. Money is worthless. Masses don't have income or the income they have doesn't allow them to eat, drink, shit and sleep. Nevermind "paying the bills". There will be no bills as nobody and no institution will allow any credit or deferred payment whatsoever. Utilities just like rent will need to be prepaid for example.

The authors advise is true but rings hollow. He's addressing a small part of the population because the rest cannot participate in his plan.

As soon as next month when the welfare and social security checks come later (if at all) and food stamps don't get reloaded, the mayhem will follow.

There is no "plan" and there is no "solution" to the debt problem. Only a currency reform, a total reset and debt restructuring are viable options.

It will come. They can't deny it forever. It should have happened right after 2008 instead of the bailout sagas. But alas, we're at the point of no return.

No bonuses for bankers this year-end. Mark my word.

Thu, 07/28/2011 - 21:56 | 1503010 A Lunatic
A Lunatic's picture

I am not convinced that currency reform will result in a return to the gold standard, nor am I convinced that gold/silver cannot be made very inconvenient to own/declare at some time in the future. Any student of human nature/history will understand that what is inconceivable today as societal standards has the potential to become quite acceptable, normative and even patriotic in a time of hardship, stress and hunger. IF what is coming is what we THINK is coming then would it be more prudent to eliminate all debts including a mtg and have a FEW shiny coins for contingency purposes, or bet the farm on debt restructuring, currency reform (honest to God reform, no bullshit), and a nationwide desire to right the wrongs of the last hundred years as pertains to all things economic and political? I would not pay off a mtg if it were a McMansion in Beverly Hills, but if it were a modest rural type of property where one had a reasonable chance of making it through whatever the heck is on the horizon then it may be the correct thing to do, No?? I also see some potentially spectacular advantages to adding to one's PM stores, but frankly worry that not only can you not eat it, but you cannot live in it either.

Thu, 07/28/2011 - 21:21 | 1502963 Fix It Again Timmy
Fix It Again Timmy's picture

Gold and silver for sure, just because you've paid off the mortgage doesn't mean you're clear - can't pay the property taxes and your house goes bye-bye

Thu, 07/28/2011 - 21:23 | 1502969 Diogenes
Diogenes's picture

pass the bong Jim Willie youve had it long enough.

Thu, 07/28/2011 - 22:27 | 1503087 phyuckyiu
phyuckyiu's picture

My Dad physically covers his ears when I tell him we will lose currency status after the downgrade, within a year or two. I'd imagine you attempt the same.

Fri, 07/29/2011 - 08:20 | 1503873 Diogenes
Diogenes's picture

I agree with Jim Willie I was making a comment on his writing style.

Thu, 07/28/2011 - 21:27 | 1502970 gookempucky
gookempucky's picture

JW has always told it how it is...if you dont get it then your oblivious. Just drove across the the smokies to NCarolina to close another store...I took a different route there and back...drove at night and most hiway street lamps are off, many rest stops are closed and 4 more folks lost their jobs. Hell we dont even have a space program now..looks like the shuttle will end up half buried with the tail section stuck out in some guy's yard in arizona.

Yea this country is broke....we are not staring into the abyss...we are staring into oblivion.

Keepem comin Jim

Thu, 07/28/2011 - 21:53 | 1502994 tip e. canoe
tip e. canoe's picture

"the shuttle will end up half buried with the tail section stuck out in some guy's yard in arizona."

genius idea puck.   we could grows roses & vines out of it and charge admission for a journey through a post-imperial florascape.   we can call it SPACESHIP EARTH - THE FINAL FRONTIER AFTER ALL.

how's that for a hedge?  shoot, even in a deflationary depression, people still need escapism.

Thu, 07/28/2011 - 22:32 | 1503100 gookempucky
gookempucky's picture florascape.haha..........thats good stuff Tip. Looks like the forum has been vaporized like the space program.....all of nasa will be working for overseas countries...I can see it now---The United States Space Janitorial Services Company-long for TURD BUSTERS.

Heat took out a lot of my gardin--lost all rads-lettuce-1/2 tomatooos plantz=crazy

Fri, 07/29/2011 - 00:56 | 1503437 tip e. canoe
tip e. canoe's picture

yeah i saw that...oh well...the hedgerow is dead, long live the gardin.

been strugglin with the heat myself.  lost some nice specimens, ironically the ones i paid most for died and the ones that came up randomly by seed are thriving.   mother's teaching me a lesson methinks.

ended up finding some superthrive...wicked stuff.   mixed it in with some seaweed, molasses and let it ferment for a week with some probiotics.    definitely think it helped many of my plants survive the heatwave.    thanks a bunch for the tip.

Fri, 07/29/2011 - 02:20 | 1503574 HungrySeagull
HungrySeagull's picture

The heat is a BEIOTCH with the crops.

The plants are still there being harvested and watered... however I fear the season is ended early. This weekend will determine the rest of the summer if it rains well. Texas should see Storm "Don" come in this week and rain a bit.

The Silver market as of right now has... paused like a roller coaster going click,

Thu, 07/28/2011 - 21:32 | 1502978 Dr. Gonzo
Dr. Gonzo's picture

Tonight on CNN an "expert" "economist" stated one of Obama's options could be to sell some assets of the nation... mainly it's gold. He then said that it really wouldn't be viable because the price of gold would crater so much that investors of gold would become almost bankrupt. I'm not as smart as a CNN anchor but I would have followed up with: "Don't bankrupt governments usually confiscate gold at these time?" or "Does the U.S. even have any gold? They haven't allowed an audit in over 50 years and their are so many rumors they have illegally sold it off." or "Why would our government care if gold investors get ruined? They try to ruin them every day through illegal manipulation and fraud on the COMEX.

CNN knows what they are doing though so their "expert" must have been right and not trying to gently persuade our populous from panicking and buying a few oz of bullion. That would be the worst thing the poor citizens of this nation could do. (sarc)

Fri, 07/29/2011 - 02:33 | 1503582 HungrySeagull
HungrySeagull's picture

I have sat and endured congress this week on Cspan and several sources.

Harry Ried is too stubborn for our good, Obama needs some love, Boehner is kind of tired now and the rest well...

The only force I see moving forward is the Tea Party Folks digging in fighting for the Consitutional Amendment to force any future Congress from spending money they don't have.

You can see some of the stronger dems are angry, shoulders hunched and staring down at the table/floor like children sitting in the principal's office. God knows my skinny underdeveloped ass without any padding endured many a day on the famously hard bench made of two inch thick hardwood, specifically designed to induce pain when being told to sit for a hour.


I console myself that the household is well stocked and we have started shipping out cases of foodstuffs to a hundred people down the road as part of a local effort to get folks stocked. I suppose the finances based on the US Dollar will do ok for at least one month. I have already started selling surplus training paper target ammo for large game/personal defense ammo to augument what is on hand.

I don't know about you, there are quite a number of small bakeries in the area who are not able to sell the same day product due to the people not having money at the end of the month to buy. So... the bakeries are showing very much generosity that increases with each day towards AUG 2. That may be the only thing that stands between heaven and hell in this society... Bread, water, food, clothes and a roof over head. (And air conditioning)

Later this morning, the metals will start moving either up or down as the people here wake up in a few hours... god help me have a pair of brass balls big enough to go either lower or higher at a profit up or down, but always a profit today.

Thu, 07/28/2011 - 21:37 | 1502981 plata pura
plata pura's picture

proper pamphlet; well done.

Thu, 07/28/2011 - 21:54 | 1503004 Mr. Fix
Mr. Fix's picture

This is my very 1st Zero Hedge post. A couple of years ago, I withdrew my life savings from the bank and spent all of it on gold and silver eagles approximately a 50-50 split.

So far that seems to have been a good decision. Instead of depositing money in the bank from the profits of my business, I now go to the local coin shop and buy more silver and gold.

I've been reading Zero Hedge for well over year and find it quite informative I've also been reading Jim Willie's posts on for about the same amount of time. He seems to be very well researched.  I agree with the vast majority of what he says, although I don't always know how he arrives at all of his conclusions, but I am learning.

To answer a lunatic, I do have a mortgage, but I will not be paying it off anytime soon, as I would rather stockpile the PM's.

Thu, 07/28/2011 - 22:06 | 1503028 A Lunatic
A Lunatic's picture

I am truly torn here as I agree with the gold/silver bugs BUT have been properly raked over the coals enough to know that having a roof over one's head rates pretty high on the scale of needful things to have during a depression. I guess I could barricade myself in and defend my bank owned property with other buy and hold  commodities.........

Thu, 07/28/2011 - 22:23 | 1503068 Caviar Emptor
Caviar Emptor's picture

I don't think that a 90% return is being raked over the coals. 

Also there's another aspect: If there's a crisis, how safe is your bank? How reliably and quickly can you extract your money from it? 

Also: how fast will your buying power with cash deteriorate? Gold is the only effective hedge in a post-apocalytic world where 1% is considered a "special" return for premium clients only. That's actualy still a negative rate of real return. 

Also: if you believe that government can't confiscate your dollars think again: the US government can and has confiscated through devaluation. Tricky Dick was the last to do it: overnight the dollar was devalued by 7.9% against all other currencies in August, 1971. And the price of gold soared.

Thu, 07/28/2011 - 22:58 | 1503143 A Lunatic
A Lunatic's picture

For clarification, I have never been raked over the coals via PM holdings. Quite the opposite in fact. However, there was a time (dot com) when following the financial guru herd led me down the path of (nearly) everlasting torment and ruin; otherwise known as raked over the coals. I would not trade my gold for any amount of shitty FRN's at this point. From a self preservation standpoint I am inclined to believe the security of a mtg free farmstead may be the greater investment. From a wealth preservation standpoint gold is the only logical (compact)solution.

Thu, 07/28/2011 - 22:15 | 1503050 Upswaller
Upswaller's picture

Mr. Fix, I am honored to meet my lost twin.  In 2009 I took 401k holding funds (amounts I hadn't yet turned over for investment) and with a lawyer's blessing, purchased the big four metals in equal amounts, holding them in a safe deposit box.  Yeah, I know, threat of bank holiday and all that.  Whatever.  Anyway, I started reading Kitco, quickly found that Jon Needler is a blithering idiot, and that Jim Sinclair, Jim Willie and eventually Zero Hedge, were telling the truth.  This led me to Turd, and while no one knows exact timing in a world full of gangsters, these gents helped make sense of what's going on and what is to come, consistently.  Each has their quirks, and I have my own. But their essence is clear and true and I am thankful.

Congrats on your first post, and welcome.

Thu, 07/28/2011 - 22:09 | 1503026 Caviar Emptor
Caviar Emptor's picture

Funny that the title of the article should read: Conscience of a gold investor

I've said it before: Gold is the conscience of the central banker. 

Each time they rape their currency (and their country) gold goes higher in fair exchange. Simple. Each time their nose gets longer like that of Pinocchio, gold's value increases in exchange. Simple. 


Gold is simply a reflection of the demand for a safe haven from deteriorating purchasing power. There are numerous things that go into that equaton. No matter if they treble the money in circulation, gold will rise like oil on top of any amount of water, no matter how much or how dilute

Thu, 07/28/2011 - 22:24 | 1503075 GoinFawr
GoinFawr's picture

Jim Willie puts both the 'fun' and  the 'mentals'  back into fundamentals.

Thu, 07/28/2011 - 23:14 | 1503156 tony bonn
tony bonn's picture

bout fucking time zh published jim willie.....the jackass is my first and preferred source of information about economic and financial fraud, cancer, and terrorism.....jim is  a true patriot....

Thu, 07/28/2011 - 23:31 | 1503205 Fred C Dobbs
Fred C Dobbs's picture

I've wondered for a long time why they didn't publish Jim Willie.  What has changed?

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