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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
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.

 

Ugh.

 

 

[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?]

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.

zenblkboi's picture

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

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.

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.

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.  ;- )

jomama's picture

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

explain these seismic data

 

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 http://www.ldeo.columbia.edu/LCSN/Eq.20110911_wtc.html 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: http://www.journalof911studies.com/volume/200609/ExplosionInTowerBeforeJetHitByFurlongAndRoss.pdf

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.

doggings's picture

a closed mind is a dangerous thing.

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.

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.

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.

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. 

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.

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.

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.

GetZeeGold's picture

 

Gold five digits Bitchez

 

 

AmazingLarry's picture

Big Willie needs political office....yesterday. 

Tradition, beyotchz.

Clayton Bigsby's picture

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

 

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

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.

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

Clayton Bigsby's picture

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

caerus's picture

greenpress for the donutpuncher line...im stealing that

 

shit sorry...donut punchers...

Clayton Bigsby's picture

ps please enlighten me as to what was left out.

Clayton Bigsby's picture

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

Clayton Bigsby's picture

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

erg's picture

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

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 http://themarketoracle.co.uk , 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

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.  

GoinFawr's picture

Damn straight, bombastic style!

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! 

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.

Frankie Carbone's picture

ROFL!

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

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).

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

mayhem_korner's picture

Clayton,

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. 

TSA Thug's picture

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

.

--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA

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.

erg's picture

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

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.   

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?

DosZap's picture

AladdinSane,

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.

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:

http://www.marketskeptics.com/2009/09/fed-was-abolished-back-in-1934.html

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.

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?

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 liberty...........to 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 ........

 

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.

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.