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Safety Flows Redirect From Facebook To Precious Metals As Europe Implodes
With Facebook down over 3.5%, it appears the only real safe haven from Europe's catastrophe headline-fest is the precious metals complex. Gold and Silver are surgiung as Europe closes.
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Gold and silver: get you some.
GG
Yes, physical, not paper. No one believes the paper promises anymore. Hell, copper may be a buy at this point. Mr. copper has certainly been a leading indicator of many things lately. Welcome to the post-growth world, bitchez.
@ Glasgow and Laws, + $55,000
You guys get it. Others will soon.
"All else will be left behind when the Gold Mothership takes off."
-- ZH member Gordon_Gekko
F U BIS
Correct. The deflationary collapse is near an end and once all that "free" money starts flooding back to commodities, coupled with a lack of faith in all paper (BRICs already trading their own currency and commodities), then the hyperinflationary collapse will begin. TPTB have lost control and The Fed will never let their books see the light of day (just like any other criminal organization).
U can wipe your ass with paper & U can wipe your ass with gold butt one's a lot easier than the other.
...and precious grains...
Nickels have copper in them. At a discount, too. Just ask Kyle Bass.
I was all over it all weekend, stacking as much as I could...with fear and trepidation that something would go wrong for my thesis (and thus right for the financialization of the rest of the world???) But thanks to Cyprus, Greece, and all their buddies still being broke- and trying to get Merkel to go with them- all is well in the HoofHousehold.
* sunaJ and 6 billion others 'like' this. Sign up and find out what your friends think.
finally reality is lining up with my calcs. only thing that could subvert reality now is The Fed.......
What?!?!...Facebook isn't the "other" currency??
got me two grams of AU this weekend camping, panning, and enjoying the great outdoors. the perfect weekend!
There is a reason why the Central Banks all want precious metals . . . and why the European banks want all of that belonging to the debtor countries.
How someone can say in light of this reality that it is only for persecuted Jews in 1930s Vienna (anti-Semitism anyone?) escapes me.
Dear Warren,
I am a barbarian Jew living my reality in 1930s Vienna. I have some places left in my clothing to sew gold coins, and since your partner (In more ways than one? Who is your wife, anyway? I never hear mention of her . . .), said that only people like me want gold, I thought you'd appreciate this opportunity to get rid of yours.
Now I know every Central Bank in the world hordes gold, and that the Red Chinese can't get enough of it - barbarian ChiComs that they are - and that you couldn't get the Fed to let anyone ship their nation's gold-in-holding from 33 Liberty under any circumstances - since who knows if it is even really there any more - you know, those nations that stash their cash in the underground vault are just holding paper certificates and the entire stash has never been audited, so who knows for sure that it all adds up - but any way, I'd hate for you to appear barbaric yourself, so how about doing a favor to your own international image and we'll just keep it quite that you ever had the gold in the first place.
Please let me know when I can arrange a Brinks armored truck for the transfer, along with a sizable contingent of off-duty SWAT Team state troopers to escort it. I promise I won't tell anyone I have it, or where I got it.
Your admiring barbarian,
MarsInScorpio
-30-
Fat gold finger!
Edit: Middle finger that is...
Fat something that looks like a finger.
Hendrix Sausage...for that time you need a big salty treat.
<shudder>
Japanese have decided that TV stations need to get turned off during daylight hours in the meanwhile. So if anyone had any new media ideas on or TV holding you might want to consider pounding the sell button.
http://www.recruitingsite.com/CSBSites/CSE/English/JobDescription.asp?Jo...
Gold up! silver up! The sun has got his hat on!
You've gotta love the bots writing 'headlines' on a day like today. As I type the CNN world markets robot says 'North American Markets are mixed today...' - when I looked at the detail this is because Mexico (maybe on the back of its silver mines?) is up 0.12% whilst the Dow etc are all down 3.00% or thereabouts!
http://money.cnn.com/data/world_markets/americas/
yeah its really wierd seeing silver go up whilst the dow go down. It almost makes you think for a second that there is organic unmanipulated market movements! Somebody slap me across the face now!
Sanity has not be completely lost it seems.
I'm sure this is just some crazy mistake ... JPM will be in to correct it any moment now ...
(physical) Gold and silver bitchez!
Looks like someone got a sneak peak on the downgrades...
What we need is more fraud, collusion, and Wall Street corruption, so the issues can be papered over for another year or two, thereby solving the problem once and for all.
Yes, that'll do it, + 1
Forgot /sarc though, LOL...
I'm relatively new around here, and one of the things I like most is not seeing "/sarc".
just me i guess...
yes it must be american that ... no where else in the world would you qualify sarcasm with a notice "/sarc" totally defeats the object. The fun is the responses from those who do get it and those that don't.....
but then again no where else in the world has as good financial journalism as ZH.../sarc on.../sarc off... WTF???
/the sarcer
FailBook 2.0
Bank Run! For me anyway. Right after lunch.
Your cash is safe in US banks because we can print as many dollars as we want to!
TAKE the green cash out of the banks (fiat$ > electrons at the bank), and buy PMs.
just did 'scooter' ...well when canada opened i 'catched a ride'....i would be happy, but we know most friends and family wont listen.
Hoping that I haven't missed the (short-term) bottom in Ag; expecting the monkey-hammering in a couple of hours...
i bought some 9mm and 45 cal handguns to beef up my cache
The Fed's back is getting towards the wall. Watch as they do the only special manuver they know; down,down, up, left, right, right, A, B, A, A, Ctl+P.
Its: Up, Up, Down, Down, Left, Right, Left, Right, B, A, B, A, Ctl-P.
Voila! Unlimited dollars!
Ho ha ha guard turn parry dodge spin ha thrust..PRINT!!!
http://www.youtube.com/watch?v=Mw9vaNS3b0s
No No No...must buy more first. Stay low silver a couple more years so that I can use my JP Morgan 15000 limit card to buy buy buy...tee hee
Pretty sure some folks were suggesting BTFD last week, last month, last year, etc.
Yes indeed and this time is different. With the BRICS hoarding tonnage and making deals in other currency then the dollar, you can count on it breaking past all the stops. The dollar is collapsing right before your very eyes, even a blind man can hear the paper shriveling up. The deer is going to get alot of attention in the near future...
$27.44 for silver....fuck you Dimon and Masters.
http://www.theglobeandmail.com/report-on-business/international-business/european-business/greeces-finance-minister-resigns/article4367937/
Greek Finance Minister resigns.
we few, we happy few, we band of silver holders . . .
Tyler- Where is that Moodys bank downgrade you wrote about this morning? Oh Yeah, and last week also? Is it coming or no?
PMs moving though as usual-incrementally.
Not only are we here slightly vindicated for our "outer world commitment", but I guess the "brilliant ones" have moved on to another site, for today.
Nice to be rid of them for a while.
cover those paper shorts and smoke em if ya got em
I keep waiting for a better sale price. Seems there is a new sale every second week.
I believe the James Turkism involves the old "a top wobbles most befire it stops" idea with the expected volatitility in our beloved welfare metal. I doubt we've seen the last smash indeed but a positive response from the metals is sure a nice sign.
Then I think it will have 100 dollar up and down days in the future, and then it will break up or down,( limit of 1500 down ), big time for good.
the old reverse blowtorch..
Look at corn! Apparently not for Ethanol!!!!!!!
This is a huge rally for ag commodities.
http://confoundedinterest.wordpress.com/2012/06/25/the-new-siegfried-line-merkel-dismisses-eurobonds-and-eurofdic-while-spain-and-cyprus-seek-aid/
fools are waking up from their deep sleep finding that their is no true value to paper bullshit.
A little of the subject but relevant to the coming US banking
crisis.
Massatussetts Supreme Court fucks Citi BoA and all MERS mortgages.
http://livinglies.wordpress.com/2012/6/25/mass-supremes-declare-note-and-m
ortgage-must-be owned-by-same-party
Excellent. That pooling was a garbage idea.
Most important post I have seen today.
http://uk.reuters.com/article/2012/06/25/uk-swiss-boxes-idUKLNE85O022201...
But but precious metals don't produce interest or growth!!!
I sewed some into the lining of my kilt to stop those unfortunate "spot the one eye'd monk" incidents. It in fact reduces interest - in my privates.
If you put one gold coin in the bottom of each shoe you will have growth. If the girls know you have gold, you will have interest. If they find out you're short, you're dead in the water.
and the potato goes in the front not the back.
Question for the seasoned gold bugs: Given U.S. citizenship, are there any viable work-arounds for the (absolutely outrageous) 28% long-term tax on profits from the sale of gold? Of course it is absurd to consider PMs "collectibles", but I haven't heard of any ways around the high rate.
Thanks in advance.
AFAIK, US mint products are not subject to capital gains tax. If you have foreign gold, it's worth investigating doing a like-kind commodity exchange (IE buy products with your gold directly.) This should be a viable option, but our goverment is just making up rules as they go along at this point, so who knows whether or not you can defend that.
Best bet is just not to sell it retail, and don't tell anyone about your purchases or sales.
sell them privately.
Soon facebook shares will be but a forgotten barbaric relic.
DoucheBook
For once, Tyler sounds like me!
The entire problem with the DOGs attempting to create a totally faux "generational shift" in the US stock market is that the generation they are attempting to shift TO is incredibly down and out, years behind where previous generations were at their age.
We Boomers - now, at 48-66, in the age range which ALWAYS tends to have the largest stock market participation - are certainly down and out, too - but not, as a group, anywhere near as down and out as the Millennials - plus we are a much larger group.
Somehow, Those Who Seek to Tell Others What to Invest/Trade In have completely mis-thought this important factor.
People over 40 still remember a world where THINGS were more valuable than clicks and eye-blinks and imaginary cows.
And stubbornly, most of us believe that a return to a THING-based economy would be very, very good for the United States.
There "Like" button appears above. I've got nothing against it, but why the fuck would I care what somone "Likes". Where's the button for "Liking" having a hairbrush stuck up my cornhole? What about - I "Like" when Obama has to talk without a teleprompter for more than 5 seconds.
I "Like" the fact that every talking head on TV is either lying or a complete dumb pfuck with the exception of Marc Faber, Taleb and a few others - and that people believe the shit they hear.
Global Collapse - bitchez!
Derivatives Market - Gone!
Best/only Investents: Gold, Guns, Canned Food, Water and Survival Gear and lotsa, lotsa bullet - not necessarily in any order.
Back to FB- Should be worth $0/Share. Why do websites and companies link to FB, giving them more power and, over time, reducing the power of individuals?
I think it's time to buy real estate again, since real estate is at the bottom.
I would wait to buy precious metals until it bottoms.
What the heck, it's pretty low right now. I picked up a lot of 90% coins yesterday, but they fell off the truck on the way home.
I was just reading that Facebook's value has risen time and time again throughout history as fiat currencies have some crashing down.
Ah wait, sorry that was gold.
FB: low click thru, how do you monetize it?
I own zero.
But, I talked to a 20-something yesterday who bought 1K shares, thinks it will go up long.
Maybe it's the computer generation kids, or maybe he knows something I don't. but I'm still not buying any of that stock.