Guest Post: Don’t Store Your Gold In The United States

Tyler Durden's picture

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Earl of Chiswick's picture

Waiting for Roubini to weigh in

Hey Nouriel do you know any good Swiss jokes?

BaBaBouy's picture

What a Fecking JOKE:

 

Buffett tells CNBC's Becky Quick he dreamed up idea of $5b investment in Bank of America this week while he was taking bath... less than a minute ago via TweetDeck Favorite Retweet  CNBC

redpill's picture

And coincidentally right after Obama called him.

BaBaBouy's picture

Good point... That just came back to me now heard it somewhere ...

 

Hehehehe... this whole system has become a farce, where will it end?

BaBaBouy's picture

Just imagine.?.?.?.?.

 

Is This the Picture???Old man sitting in bathtub, dreaming of his Billions, jecking aff, thinks of a shitty place to put some $$$ billions ???

 

Doyle Hargraves's picture

It was probably a proxy for wanting to put his dick in a shitty place!

Herman Strandschnecke's picture

Hey, BaBaBouy - I reckon he was staring at the plughole Lol

Ausperity's picture

One bath leads to another...

Titus's picture

How much did the sovereign man get for pumping Das Safe?

monoloco's picture

I prefer the bank of Tupperware.

FEDbuster's picture

Poor investment decision making is what one does when you can't play submarine captain anymore.  "Up periscope!" and nothing happens. God damn it, now all I can do is fuck with the CEO of a bankrupt bank. So sad.....

Rottenclam's picture

Wow, nice Radio Birdman avatar.  Now I get why your username is "Aus"perity.

As for Buffet, I honestly believe that this is the bizarro way of spending his wealth in his twilight years.  He sure as hell isnt interested in having lots of toys and giving his accumulated wealth to a bunch of bloodsucking family and friends that have not worked hard enough to earn it.

Some people play as much golf as possible before they die.  Some people watch as much TV as possible before they die.  I think the oracle of aromaha wants to be remembered as the guy that saved the US economy before he goes beneath the ground.

LongBalls's picture

The Gov. approached him during the last financial crisis to bail out the banks. Warren is officially now a blood sucking parasite who will feel a great wrath one day. I always knew this was the case but thought he might have an ounce of humanity in him. Not so.

Smiddywesson's picture

I'm not a psychologist, but I think Uncle Warren is clear on where he and his kind have led this country and is now trying to capitalize on its death to plow more money into his charity.  He must be feeling his years are numbered and he is trying to buy off God by doing more of the same.

In other words, he either is going into eternal oblivion or eternal Hell fire.  That's not a trade I would take.  Good luck Warren, you're going to need it. 

Calculated_Risk's picture

yeah, kinda like hitler doing 10 hail mary's before he knocked himself off... sorry pal, damage is done.

Loose Caboose's picture

Right.  And if this move is to deflect the coming shitstorm in the markets due to the Bernank's soon-to-be disappointing speech offering no QE3 but maybe a plate of peas - it's like putting a bandaid on a torn artery.  Patient is dead. 

russki standart's picture

Or perhaps after Obama finished servicing him..

ViewfromUndertheBridge's picture

the prophet of the profit and earnings ratio...

ManOfBliss's picture

Actually they were in the bath tub together.

Buck Johnson's picture

Thats exactly what happened.  Obama couldn't get money to BAC without it showing that BAC needed govt. money for "what".  So until he can come up with another QE3 (won't work) or program in the very near future, he needed Buffet to invest in BAC to hold of the vultures for a little while.

Eagle Keeper's picture

People that old don't bathe anymore....   long deoderant.

JohnG's picture

It puts the deodorant in the basket.....

Don Birnam's picture

Well, it isn't truly a "bathtub" as we non-octogenarians understand it. It is a special tub, for avuncular-facaded, eighty-something, ukulele-strumming billionaires who feel they do not pay enough in income taxes ( yet would not deign to cut a nine-plus-figure cheque payable to "Bureau of the Public Debt" ).

( CNBC [ female ] anchors sold separately. )

http://www.walkinbathtubsguide.com/images/man-in-walk-in-bathtub.jpg

MsCreant's picture

How many miles per gallon does that get?

Shirley Wilfahrt's picture

I bet Warren is hung like a tictac....

baby_BLYTHE's picture

Alan Greenspan is also famous for making important policy decisions while soaking in his bathtub playing with his rubber ducky


http://beginnersinvest.about.com/od/alangreenspan/p/aaalangreenspan.htm

Rodent Freikorps's picture

I was in the jacuzzi once when a couple of guys came by with an extention cord, and a toaster.

Their demands suddenly seemed quite reasonable.

Oh regional Indian's picture

Hah! Funny. If there is one guy on this site who has me puzzled its the resident rodent. Spouting Latin, Italian, Arms Info, Dune Quotes and militia-talk Extreme Opinions....

Anyways, if a sizeable number of people are interested, I've discussed starting a physical silver storage facility here in India. The cost basis for secure (like Level V security) is pretty low and available.

India, in a SHTF scenario, would be pretty secure in a way that central forces are unable to police the vastness of it, literally and other-wise. Easy for the affluent to be locally safe. Totally safe.

If anyone is interested, you can always find me @ http://aadivaahan.wordpress.com

Also thought of a way where you can put x% of your store into a liquid fund for trading silver on a consnesus basis, locally. 

Through the appropriate secure networks, it can always be made available when and where needed. The concentration of it might bestow some unique "power" also.

More if anyone is interested.

Vivek

FeralSerf's picture

Aren't there tax issues importing silver into India?  Seems I heard somewhere that Indians pay quite a bit more than spot for silver.

augmister's picture

Greenspan plays with his wife, Andrea Mitchell (Plastic Face) in the tub... can you ever imagine anything more UGLY???

ArgentDawn's picture

Isn't that how Doc dreamed up the Flux Capacitor? Oh wait no he hit his head on the toilet..

EscapeKey's picture

Is it me, or does Roubini spend way more time on gold, than even the most hardcore gold bug?

Whalley World's picture

My dog has more credibility on gold than "the Roub"  the mutt never said that gold would never trade above $1,100.

Popo's picture

 

 

Among other things, he mentioned that banks in Asia are FAR more stable and sound than they are in the west for not having invested so heavily in dead weight assets like Greek bonds or US mortgage-backed securities.

 

 

I couldn’t agree more.

 

 

Another instance of Simon "Uninformed" Black reaching into his ass for advice.    "Banks in Asia"? 

Ok, Singapore, yes.   The banks there are sound.

But "Asia"?  As in China?  Oh hell no.   

 

 

 

 

 

 

I Told YOU So's picture

you continue to bash simon at every turn, while he gives constructive advice for free just for the asking what do you give except mouth shit.

JW n FL's picture

Renminbi ='s 1,200+% Leverage, before the ink dries on the note.

China's GDP / Debt is carried by 10% Growth.. Building 6 to 10 EMPTY CITIES A YEAR!

so.. as far as Mark pitching gold.. to continue pressure.. to benefit from the swings? No Brainer.

spiral_eyes's picture


Faber: “I don’t trust anyone.”

Uncomfortable silence.

CNBC: “Hmmm. Interesting.”

LOL

redpill's picture

It really was priceless.  You can almost hear the little momo-loving hosts roll their eyes at the "crazy doomer."  Just wait until Bernank doesn't give them anything tomorrow and they'll be peeing their pants and getting a safety deposit box in Singapore like Faber told them to.

 

akak's picture

For the last time already (and also for Simon Black, who made the same linguistic mistake, as do so many others), it is called a "SAFE deposit box" --- you know, a box in which to make safe deposits --- not a "safety deposit box".  I am quite certain that it is not possible to deposit safety in a box.

MrPoopypants's picture

For all intensive purposes, a safety deposit box will work just fine.

akak's picture

You may take it for granite, but I could care less.

Boba Fiat's picture

Irregardless, your point is mute.

akak's picture

And just who aksed you?

Boba Fiat's picture

Needless to say, that's a whole nother question, but I won't be your escape goat.

Shirley Wilfahrt's picture

Is Shirley gonna hafta chokabitch?