- advertisements -
And this will happen when gold gets to 6000/oz.
Our 'all in' trigger is $3476.
EVERYONE should have at least 5% of their wealth in gold. And that would be now at +/- $1700 (now, or lower if you have bought in the past). I cannot understand why people should wait around for $3000 + per oz, unless speculating.
And note that I am not at the All Inn. If gold goes to $3474, and then to $55,000 I am all covered.
Why wait around? Buy gold now!
And, oh, Hi from Peru!
Hi DoChen in Peru,
(lucky prick!,as he mumbles below his breath, ahem!)
At least 5%?, that's in 1990,now MINIMUM of 10-20%.......................Next dip (if there is one), I will be in at least at 30-35%.
That is the NEW figure by the Playa's.
OT: i found j. corzine!
Talk about a fox in the hen house.
A Fox only takes one chicken at a time. A Chicken Thief takes them all at once.
...and a skunk will kill them all...
Speaking of animals - did you see the "deer in the head lights" [well almost] on the lower right front page?
I think you found Kevin Davis, not Cortizine...
nice dig (his name is conspicuously absent from the title)
To the moon!
The Moon is only the first stop on the way to infinity (and beyond).
LJS, ultimately I agree, but see Paper Au $ going way down as the kleptocrats need to keep the price as low as possible to get more of it as collateral from sovereigns soon not to be so sovereign.
but see Paper Au $ going way down as the kleptocrats need to keep the price as low as possible to get more of it as collateral
Wonderful, sooner the better..........................bring it.
I'm alright with it also. This pains a lot of goldbugs, but it will be good for them once it's over (and provided they have cash/provisions).
I am a huge advocate of silver and gold. But I don't think it will be the cure they need. One of the phenomenom's taking place is the rising use of decentralized digital currencies, some of which are based on a gold standard. If more poeple move away from fiat currency, all the gold in the world will be meaningless to the power structures.
In the event of their dissolving power, it may be that silver and gold will enter back into the real economy, and people may use it in trade.
Then we have a repeat of the 1933 nationalisation of gold/silver and all the non-insiders will be sucked into the oblivion of this event horizon.
It's not too late for the voters of this country to steer the ship in a different direction: HR 1098
What silver and gold? All mine was stolen after a home invasion. Filed the proper report and everything.
That means that you talk too much. Keep the big safe well hidden, tell no one, have a smaller and easier to find safe with very little in it, have many loaded guns, have alarms and cameras, shoot to kill.
Funny. His plan seems pretty solid. And now its on record. ;-)
Mi modo de pensar igual, Doña K. Se puede ahorrar oro en otros paises también...
Damn we're unlucky. I lost the last of mine in a boating accident after trading most of it for i-junk. I should have learned.
It's been a store of value since man got off 4 legs. Nothing compares to it and nothing mirrors mans desires better than a 400 oz gold bar.
Right! I found a great offer on
gold and silver coin premiums. Not on the 400 oz. bar if not on fractionals.
GET A LOAD OF THIS....
This was posted yesterday in the SilverGoldSilver Blog. In 2010 total Net Implied Investment including silver coin & medals was 279.3 million oz. If we take the average price of silver in 2010 at $20.19 we get a total of $5.6 billion.
Just think about that for a minute. Total silver investment in 2010 was $5.6 billion according to the World Silver Survey.
Contrast that to the US Treasury Auctions from the past month:
4 week Bills = $35 B 13 week Bills = $29 B 26 week Bills = $27 B 52 week Bills = $25 B 2 Year Notes = $35 B 3 Year Notes = $32 B 5 Year Notes = $35 B 7 Year Notes = $29 B 10 Year Bonds = $24 B 30 Year Bonds = $16 B
TOTAL TREASURIES = $287 Billion
In one month there were $287 Billion in US Treasuries sold. In all of 2010, total investment of silver was $5.6 billion or a lousy 2% of one months worth of US Treasuries.
The BIGGEST BUBBLE IN HISTORY is going to pop. As the air comes out of this bubble it will go into the gold and silver.
Time to BUY AND HOLD SILVER
What is the Net implied investment in gold? I would say that a very large portion of that wealth will pour into gold rather than silver, though silver will certainly rise much more, since the sector is so tiny. That assumes that this happens after the COMEX collapse. If it happens before, the paper price may rise, but it can be stopped without much trouble by issuance of ever more naked shorts.
The emperor has no clothes. The very definition of naked shorts.
JP Morgan, Goldman, and Sack are all standing in the silver pit screaming about all the silver they have for sale. Silver they plan to acquire at a later date if by some turn of events they are actually asked to deliver it. How much silver can they promise to potentially deliver at a hypothetical lower future price? Whatever they damn well please.
It's a fraud on its face.
If you wish to determine the character of a generation or a people, look to their heroes, leaders, and role models.This is nothing new, but a lesson from history that has been unlearned. The entire system of checks and balances, of rule of law, of transparency in government, of accountability and personal honor, is based on the premise that one cannot always count on people to be naturally good and self-effacing. And further, that at times it seems that a relatively small group of corrupt people can rise to power, and harm the very fabric of a society.<<<<<
the lesson we have forgotten is that the talmud is not our book and should not be a document to which anyone gives any credence in our lives, and that anyone who feels this book is important in their lives should not be allowed to be in any position of power or of trust and should be shunned by any respective country.
The freedom to practice any religion, asshole.
next you'll be saying that the MSM message on jews is false too and you will be SHUNNED.
The MSM only lies when it speaks on matters not pertaining to race or ethnicity. All the myriad hard data demonstrating quantitative inequality is WRONG; the MSM is speaking the truth.
never understood this thing about racism - I mean, if you think or "know" you are superior because you are whatever you are, then, well, you are superior. period. 8-) IMHO it happens to me *every day* ;-)
of course if my niece wants to marry a lawyer it's a different matter (of corpse disposal)
I had once a dinner in China where my charming hostess said: my daughter may even marry a black man, as long as she does not marry a man from Shanghai or Hong Kong
lol, you think that these people give two fucks about the religion of their grandparents.
Jews or Episcopalians, it doesn't matter. Judge them by their actions, not by thier bloodline.
For those too young to remember past gold nationalisation projects, can anyone concisely explain how this happens, and its possible effects on prices?
I hate all you gold buggers because I sold virtually all my gold at 1300 more or less.
However i still think it is hard to push inflation at the zero bound. The world is hungry for dollars, and most of the dollar creation is not being used for current consumption.
I still think gold's best decade is behind us.
I can't even imagine how stupid you must feel right now.....
he wrote "virtually all my gold", so he might be fine...
Watch what happens when he attempts to take his wife’s gold jewelry to trade for food, before she gets really hungry.
eff that, get her the yellow ticket
I think he means he sold all his "virtual" gold, aka, paper gold.
Or maybe he is like Bob Dabolina who trades online virtual markets.
I wish I had not buried mine in the back yard...someone must have seen me...bastards took it! Every last coin. what will I do?
pity. hope you are joking
ah, shall I start about my boating accident?
My silver is lost at the bottom of a lake in MA...bloody canoe tipped as I was paddling out to an island on which I had hoped to bury it....woe is me...
Tragic. What lake did you say that was again?
You've got to be explicit around this neighborhood as to whether you're speaking of paper Au or Physical Au, lest one become a target for the rabid.
One day I suspect I'll be able to pawn an old tarnished silver salad fork for a month's worth of groceries for a family of 4 and avoid having to sell any coinage.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.