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One Ounce Of Religious Non-Money Tradition = $1700

Submitted by Tyler Durden on 08/07/2011 23:45 -0400

And while the world's reserve currency, better known to various Chairsatans as "money" continues dropping to record lows courtesy of his dollarcidal tendencies, the "tradition" also known as a "barbarous relic" just passed $1,700. We will be sure to point out when it passes $1,800, $1,900 and $2,000 next.

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Mon, 08/08/2011 - 01:18 | 1535886 fuu

Fair enough, I was having trouble parsing your post.

Mon, 08/08/2011 - 01:03 | 1535825 SPAREPARTS

Long and deep in PM's 1989,90,91,92,93 bought 100 gold 2500 silver eagles, all up less than 45K. Bought SantaFe gold, homestake,placer, and those tuned into GG,Abx and aem. In my neck of the woods thats deep

Mon, 08/08/2011 - 01:04 | 1535835 BlackholeDivestment

...is there trouble in the market? lol Chairsatan's Cup of Fornication is overflowing, drink up Bitchez. Aaah ha haa haaa. http://www.youtube.com/watch?v=O3lM_gzO_jg

Mon, 08/08/2011 - 12:18 | 1535851 Trifecta Man

Ba Ba Ba Barberic Relic
Ba Ba Ba Barberic Relic

(chorus:)
Barbelic Relic (Ba Ba Ba Barberic Relic)
In my hand (Ba Ba Ba Barberic Relic)
Barbelic Relic (Ba Ba Ba Barberic Relic)
You got me rockin' and rollin'
Rockin' and a reelin'
Barberic (Ba Ba Barberic Relic)

Went to the dealer, lookin' for some gold,
Saw Barberic Relic, and bought another roll.

(repeat chorus)

Tried the dollar bill, tried the loonie too,
Tried the damn euro, but I knew it wouldn't do.

(repeat chorus)

Ba Ba Ba Barberic Relic
Ba Ba Ba Barberic Relic

(repeat chorus)

Mon, 08/08/2011 - 01:12 | 1535861 stephysat28

Chef boyardee ravioli will be money soon!

Mon, 08/08/2011 - 05:52 | 1536209 Moe Howard

Chef Boyardee is a barbarous relic that is purely transitory.

Mon, 08/08/2011 - 01:23 | 1535908 tony bonn

the great hyperflation is now officially upon us....we have had serious inflation since 2009 where many buffoons have mistaken the supply and demand situation in housing as deflation - thanks for being a fucktard....the criminal gold suppression cartel is losing control....it would not surprise me that gold will be at 5000 at the end of the year - exactly where the dow will be....

Mon, 08/08/2011 - 01:26 | 1535916 Ponzi Unit

Let's not get ahead of the progression. Isn't it more likely we will see 20-30-40% inflation over next 2-3 years? PMs can triple before FRNs go hyperbolic. Big question for me is when does the bond market puke?

I do get the feeling we are now moving into the other side of the hurricane, but that the center will hold for a good while. 4-5 years?

Mon, 08/08/2011 - 01:29 | 1535928 darkstar7646

The longer there is not a confiscation event or a physical margin call, gold will skyrocket. The problem is, both WILL HAPPEN, rendering whomever is holding the bag at that point destitute and worthless at the best, and dead at the worst.

Mon, 08/08/2011 - 01:37 | 1535945 Ponzi Unit

Darkstar indeed, but maybe not that bright? You sound like someone who missed the move.

Damn! $1705.00

Mon, 08/08/2011 - 02:07 | 1536027 Mr Lennon Hendrix

"Are you the resident of this home?"

"Yes, officer."

"Do you have or do you know of any gold or silver on the premises?"

"No sir."

"Very well. Thank you for your time."

"Have a good night officer."

"Ok, honey, you can come out of the closet."

"Should I put the gun away?"

"No we will keep it handy if they come back. You never know what those cops will try."

Mon, 08/08/2011 - 01:42 | 1535970 Yen Cross

ELOQUENT? I'm long toOTH DECAY!

Mon, 08/08/2011 - 01:44 | 1535979 Ponzi Unit

1:42 EDT: $1710 against a high of 1715!

Holy shit, I'm up $25,000 since Friday and it's not even Monday. Well, early Monday...

Fee Fi Fo Fum, do I hear JPM and the PPT?

Mon, 08/08/2011 - 01:44 | 1535980 caerus

1715+ wtf!?!?

Mon, 08/08/2011 - 02:22 | 1536053 jomama

i smell a pump and dump

Mon, 08/08/2011 - 01:45 | 1535981 caerus

sell! sell!

Mon, 08/08/2011 - 01:47 | 1535986 Ponzi Unit

The Chinese are frisky. London will take it down.

Mon, 08/08/2011 - 01:48 | 1535990 caerus

sell goddamit! sell it all!

Mon, 08/08/2011 - 01:55 | 1536003 caerus

take it down allready assholes...thanks...

Mon, 08/08/2011 - 02:02 | 1536019 Mr Lennon Hendrix

Gold: It's what's for dinner.

Because rice is just too damned expensive.

Mon, 08/08/2011 - 06:31 | 1536239 YHC-FTSE

LOL

Mon, 08/08/2011 - 02:09 | 1536030 caerus

your indecision troubles me...short gold...

Mon, 08/08/2011 - 02:13 | 1536038 Ponzi Unit

...and silver, the red-headed step-child, struggles under $40 Unbelievable. So, I suppose new longs will run it up tomorrow to 42 and JPM will run the stops to 39 again... When do they run out of ammo? Dark pool? Fed facility?

Mon, 08/08/2011 - 02:15 | 1536042 Tric

Gold is like $10 from passing platinum o.O

Mon, 08/08/2011 - 02:23 | 1536043 caerus

right...short the shit out of gold..thanks

sorry btw im talkin to the tape

Mon, 08/08/2011 - 02:54 | 1536083 caerus

uh-oh au fading...fading...rising! this is fun

Mon, 08/08/2011 - 03:19 | 1536123 caerus

dub shorts goodnight thanks

Mon, 08/08/2011 - 03:36 | 1536141 boattrash

I like the gold & silver. Somehow though, sitting here in a room full of lead and blue steel, it seems they're increasing in value even faster.

Mon, 08/08/2011 - 04:02 | 1536158 FunkyOldGeezer

I'm thinking a smart move might be to invest in Platinum now, whilst all the heat is in Gold and Silver.

Gold/Platinum ratio is 1:1 near as dammit and both have risen by similar amounts in the past 20 years. However, like Silver, Platinum has shown more volatility, thus the ratios can be played quite effectively and right now it's at a point below which it has not gone in the past 20 years (or maybe more, it's very difficult to get the ratio for more than 20 years).

Mon, 08/08/2011 - 05:25 | 1536194 NemesisteM