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more like gold backed tungsten
or is that tungsten backed gold
Gold and silver are kryptonite to world central banksters.
But Wait, Trav7777 says gold is in a bubble now that its only 5% off its all time high!
So where is that Smiley Face Finger Fuck TravKKK?
Just another no nothing, stupid, full of shit troll!
Thank you for letting me hijack this thread but New York has just announced they will be suspending mass transit at noon tomorrow.
That should be bullish.
Thank you. We have planned for this. We are not at ground level. I plan to take video if it gets ugly on Sunday. I hope everybody is okay through this. We will do what we can.
If you get bored, do NOT watch Escape from New York or C.H.U.D.S.
everyone's scrambling for gold. keep buying the dips, gentlemen
Good piece on gold - http://seekingalpha.com/article/290066-are-gold-prices-in-a-bubble
I'd just like to post that the margin on a 100oz. gold contract is only $9500. there's been quite a lot of discussion about the raises in margins; but the absolute value of this, present, vargin; is very reasonable. A 100oz. gold contract is "worth", (whatever), about 180,000$. a 5% margin is not a problem for people in this market. I believe you'll see margins rise to 10%; I have no idea when. But this will not stop the traders either. Many futures traders have traded in ":hot" markets previously when the margins were raised to 10%, and above 10%; but the great majority of the activiity continues. These are pretty well-heeled people and these kinds of numbers aren't going to scare them out of anything; much less Gold; if they make their minds to do it. Just sayin. Some perspective on this margin question.
That is correct. It is not the value of the margin that is important. It is the change, and more specifically HOW it is changed.
If it is changed multiple times in a few days, it is devastating. If it is changed ONCE, then there is a single quick hit to the the price in one direction or the other, then the market quickly normalizes. Changing them constantly drives away speculators, meaning the exchanges make less money. If they do that over and over, there MUST be a reason for it. People don't destroy their businesses for no reason.
Good to know IQ.
"and" ladies. I know a lot of women with bucks who are loading up. I am looking for one interested in adopting me but no luck so far. I am even considering taking a bath (sorry I forgot Warren Buffet like all metrosexuals takes baths) I mean shower.
The water is right across the street from my house in Brooklyn, should I be worried?
Wasn't Irene tracking eastward and losing strength?
Mass transit suspended.. shit, better stock up on liquor!!
The one thing they never tell you to stock up on, easily as important as the other items on the official lists.
Hang in there.
BREAKING NEWS!!! VIRGINIA QUAKE BREAKING NEWS!!!
The USGS has determined that the epicenter of the Virginia earthquake was in a cemetary just outside of DC.The cause appears to be all of our Founding Fathers rolling over in their graves. Due to the unusual severity of the quake that hit near D.C., the GOP representatives in the House called an emergency sessionand adopted a bill to rename the fissure that runs under the Capital. It will now be known as "Obama's Fault."
LOL ! Damn, I wish that man would retire; and get his buddy Warren to retire too, while he's at it; and fire Bernanke on the way out. Oh well; it is what it is.
All puppets. Lose them and they will be replaced by new puppets. Have we not figured this out yet!?
Your magnificent boobs are gone!
I must say, Terminus, that it seems an ungentlemanly observation to make.
Yes sorry, I had them on display so that I could easily see them in the thread.
But with so many copy cats lately I had to put them away.
Currently in search of a new avatar.
How about a single boob, or just a nipple? That's different.
Or a penis, that would be original . . .
Or a penis and boobs: go all out Bankster.
Here you go buddy.
I'm happy. That Au has a rise.
To alien for me.
Just go with the natural look.
I'll never love again! :(
Trav7777 did call the silver crash perfectly. $48 something. I sold at $46. I don't expect s silver run again until next year spring 2012(I could be wrong)
Silver's going to surprise everyone to the upside. Every time it gets whacked down, like a water bouie held under water it quickly advances back up. As most know, central banks hold no Silver today. At least I can't think of one that has any. Silver will go out of control very soon. Put even a fraction of the interest Gold has recently received around the world into Silver coupled with a couple MSM news bites and the strain on physical will cause Apmex to issue one of thier 'pre-market disruption' notices that all sales are temporarily halted due to market volitility. Reopening at $150+ per oz, 6-12 week delivery.
What was that schill report last year? CPM's own calculations showed Silver represented as a total global asset registered at .007%!! That is unreal! Second to oil, Silver is used for more items industrially than any other commodity and yet it is extraordinarily under owned, under supplied, critically needed but costs 1/44th of 1 oz of Gold! Silver's going to leave everyone (or almost everyone) completely dumbfounded. The bubble and mania speak will make their rounds again but it wont mater. Economic law will exert itself maybe by the end of the year and Silver's assent will be spectacular! Then we get to witness the implosion of the manipulated short positions and fraudulent SLV. This is going to be sick!
I own more silver than most, but your posting is hype, not fact, based.
So you own what, a half an ounce?
Most people own NOTHING beyond some sparse wiring in their electronics or some cheap jewelry.
Silver has and will continue to surprise to the upside. The fundamentals dictate that that will happen under ANY set of circumstances short of a mile wide meteorite made of silver crashing onto some of Warren Buffett's land. The only question is this: what will be the nature of the rise? Either the supression efforts continue, and we get an explosion and industrial panic followed by a blow off top before settling at a short term equilibrium point around a quarter the price of gold (the blow off top could go to many multiples the price of gold, rhodium style). Alternatively, other markets could open and allow real price discovery to happen, allowing an orderly rise to the parity with gold which drives an increase in recyling and mining efforts resulting if a fall back to the same short term equilibrium as the other scenario.
The equilibrium value will be the same in either case because the stock and flow of silver are the same in both cases, absent the market preturbations created by the actions of the big players.
I keep buying my son coins.
I keep stealing my son's coins.
I keep sunning my non-steel coins.
I'm a sun-keeping coins.
God is watching you and he is waiting around the corner for you with a club and it ain't filled with cotton.
Yes, he is leaving the post 1965 dimes and quarters in his piggy bank for you, ya dumb ass. He has his 90% well hidden!:)
Same here Surly! It's the least we can do for our kids after we allowed this shit to happen!
Paper meteorites inscribed with the word 'silver' land all the time.
tmosley, I know you're an astute PM guy and I agree that there will be an explosion in silver price at some point relative to gold, but when when the expected move happens, my approximately 50/50 gold silver ratio (I keep finding fraction of spot deals on silver, but never gold) will quickly be converted to 90/10+ gold. Everyone talks about a 16:1 historical ratio being proper, but if silver gets anywhere close to 1/25th of gold, I'm cashing in big time. I'd rather not hold too much of the "poor man's" anything . . .
That is exactly the right move, though I would argue that your ratio is too conservative. You will do exceptionally well following your strategy. You won't become ultra rich, but you will be wealthy.
Always, always, ALWAYS have an exit strategy. Mine is to exit into gold on a cost average basis averaging somewhat above parity. The exit strategy for gold is there as well, ie buy farm land, real estate, stocks, etc. Things with a return, which produce things for society.
A harem or two would also be a good strategy.
If 1/4 the price of gold is the SHORT-term equilibrium price, then what do you reckon the LONG-term equilibrium price to be? Roughly...
Probably around 1/10 as mining ramps up and recycling efforts become entrenched and capitalized.
It won't go much higher than that due to the fact that so much silver is used in applications where it can't be recovered at any reasonable price. Think medical applications where you would have to retrieve it from urine, or worse, the bodies after death. Remember, the gold sticks around, but silver is scattered to the winds in nearly irretrievable forms.
in the cats litter box...
Bayarea, hype would be if the few facts I gave for owning Silver were untrue. The fact is Silver has every potential to (re) become the second most sought after financial asset in the world, while still currently being the most underowned! A few decades of powerful, constant propaganda and legal tender laws has almost completely removed from the understanding of the general populace how valuable Silver is. Together with industrial use like Eric Sprott said, Silver is going to be the investment of the decade. Realizing those facts we should be shouting this news to everyone and anyone we care about, keeping with a longer term perspective and not being caught up with day to day price movements. Gold is currently trumpeting the truth to the world of what these metals are and represent. Silver is soon to follow!
Now come on; he's not an unreasonable person; I've been seeing his posts for years and he's not a wing-nut. It's just his opinion; and none of it is impossible. The market is so small a few wealthy European families could get together and buy the whole freaking Comex Warehouse. There, now you can tell me I'm hyping. Facts are little short on the ground, I believe, but there sure isn't a lot of surplus silver laying around, and there sure did used to be. Now, that's a fact; what it portends for the next year, I really couldn't tell you. It's a little unusual tho, to see the price of something go down for a significant whiile at the same time the supplies are being bought up faster than it's getting mined. I supposed everyone might stop buying it; if peace and prosperity breaks out, for instance.
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