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Safety Flows Redirect From Facebook To Precious Metals As Europe Implodes

Tyler Durden's picture





 

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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Mon, 06/25/2012 - 12:10 | Link to Comment Glasgow Gary
Glasgow Gary's picture

Gold and silver: get you some.

 

GG

Mon, 06/25/2012 - 12:13 | Link to Comment LawsofPhysics
LawsofPhysics's picture

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.

Mon, 06/25/2012 - 12:18 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

@ 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

Mon, 06/25/2012 - 12:23 | Link to Comment Rahm
Rahm's picture

F U BIS

Mon, 06/25/2012 - 12:26 | Link to Comment LawsofPhysics
LawsofPhysics's picture

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).

Mon, 06/25/2012 - 14:10 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

U can wipe your ass with paper & U can wipe your ass with gold butt one's a lot easier than the other.

Mon, 06/25/2012 - 14:23 | Link to Comment agrainvest
agrainvest's picture

...and precious grains...

Mon, 06/25/2012 - 12:35 | Link to Comment holdbuysell
holdbuysell's picture

Nickels have copper in them. At a discount, too. Just ask Kyle Bass.

Mon, 06/25/2012 - 12:13 | Link to Comment HoofHearted
HoofHearted's picture

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.

Mon, 06/25/2012 - 12:20 | Link to Comment sunaJ
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* sunaJ and 6 billion others 'like' this.  Sign up and find out what your friends think.

Mon, 06/25/2012 - 12:20 | Link to Comment vast-dom
vast-dom's picture

finally reality is lining up with my calcs. only thing that could subvert reality now is The Fed.......

Mon, 06/25/2012 - 12:22 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

What?!?!...Facebook isn't the "other" currency??

Mon, 06/25/2012 - 13:00 | Link to Comment silverserfer
silverserfer's picture

got me two grams of AU this weekend camping, panning, and enjoying the great outdoors. the perfect weekend!

Mon, 06/25/2012 - 14:47 | Link to Comment MarsInScorpio
MarsInScorpio's picture

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-

Mon, 06/25/2012 - 12:13 | Link to Comment MsCreant
MsCreant's picture

Fat gold finger!

Edit: Middle finger that is...

Mon, 06/25/2012 - 12:18 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fat something that looks like a finger.

Mon, 06/25/2012 - 12:33 | Link to Comment CPL
CPL's picture

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...

Mon, 06/25/2012 - 12:22 | Link to Comment Chaffinch
Chaffinch's picture

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/

Mon, 06/25/2012 - 13:03 | Link to Comment silverserfer
silverserfer's picture

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! 

Mon, 06/25/2012 - 12:13 | Link to Comment Abraxas
Abraxas's picture

Sanity has not be completely lost it seems.

Mon, 06/25/2012 - 12:37 | Link to Comment bdc63
bdc63's picture

I'm sure this is just some crazy mistake ... JPM will be in to correct it any moment now ...

Mon, 06/25/2012 - 12:15 | Link to Comment jcpicks
jcpicks's picture

(physical) Gold and silver bitchez!

Mon, 06/25/2012 - 12:15 | Link to Comment The Swedish Chef
The Swedish Chef's picture

Looks like someone got a sneak peak on the downgrades...

Mon, 06/25/2012 - 12:15 | Link to Comment EscapeKey
EscapeKey's picture

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.

Mon, 06/25/2012 - 12:20 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Yes, that'll do it, + 1

Forgot /sarc though, LOL...

Mon, 06/25/2012 - 12:37 | Link to Comment sosoome
sosoome's picture

I'm relatively new around here, and one of the things I like most is not seeing  "/sarc".

just me i guess...

Mon, 06/25/2012 - 15:39 | Link to Comment terryfuckwit
terryfuckwit's picture

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???

Mon, 06/25/2012 - 17:15 | Link to Comment fuu
fuu's picture

/the sarcer

Mon, 06/25/2012 - 12:16 | Link to Comment CcalSD
CcalSD's picture

FailBook 2.0

Mon, 06/25/2012 - 12:16 | Link to Comment IndicaTive
IndicaTive's picture

 Bank Run! For me anyway. Right after lunch.

Mon, 06/25/2012 - 12:19 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Your cash is safe in US banks because we can print as many dollars as we want to!

Mon, 06/25/2012 - 12:21 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

TAKE the green cash out of the banks (fiat$ > electrons at the bank), and buy PMs.

Mon, 06/25/2012 - 12:16 | Link to Comment slackrabbit
slackrabbit's picture

just did 'scooter' ...well when canada opened i 'catched a ride'....i would be happy, but we know most friends and family wont listen.

Mon, 06/25/2012 - 12:17 | Link to Comment Ms. Erable
Ms. Erable's picture

Hoping that I haven't missed the (short-term) bottom in Ag; expecting the monkey-hammering in a couple of hours...

Mon, 06/25/2012 - 12:18 | Link to Comment derek_vineyard
derek_vineyard's picture

i bought some 9mm and 45 cal handguns to beef up my cache

Mon, 06/25/2012 - 12:19 | Link to Comment firstdivision
firstdivision's picture

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.

Mon, 06/25/2012 - 12:25 | Link to Comment Pantafulius
Pantafulius's picture

Its: Up, Up, Down, Down, Left, Right, Left, Right, B, A, B, A, Ctl-P.

Voila!  Unlimited dollars!

Mon, 06/25/2012 - 13:19 | Link to Comment Alpo for Granny
Alpo for Granny's picture

Ho ha ha guard turn parry dodge spin ha thrust..PRINT!!!

http://www.youtube.com/watch?v=Mw9vaNS3b0s

 

Mon, 06/25/2012 - 12:19 | Link to Comment BlackMagician
BlackMagician's picture

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

Mon, 06/25/2012 - 12:19 | Link to Comment fuu
fuu's picture

Pretty sure some folks were suggesting BTFD last week, last month, last year, etc.

Mon, 06/25/2012 - 12:20 | Link to Comment tahoebumsmith
tahoebumsmith's picture

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...

Mon, 06/25/2012 - 12:21 | Link to Comment MrBoompi
MrBoompi's picture

$27.44 for silver....fuck you Dimon and Masters.

Mon, 06/25/2012 - 12:24 | Link to Comment KingdomKum
KingdomKum's picture

we few, we happy few, we band of silver holders  .  .  .  

Mon, 06/25/2012 - 12:26 | Link to Comment lotusblue
lotusblue's picture

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.

Mon, 06/25/2012 - 12:36 | Link to Comment monopoly
monopoly's picture

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.

Mon, 06/25/2012 - 12:41 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

cover those paper shorts and smoke em if ya got em

Mon, 06/25/2012 - 12:41 | Link to Comment robertocarlos
robertocarlos's picture

I keep waiting for a better sale price. Seems there is a new sale every second week.

Mon, 06/25/2012 - 13:02 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

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.

Mon, 06/25/2012 - 13:20 | Link to Comment robertocarlos
robertocarlos's picture

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.

Mon, 06/25/2012 - 12:43 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

the old reverse blowtorch..

Mon, 06/25/2012 - 12:43 | Link to Comment Snakeeyes
Mon, 06/25/2012 - 12:45 | Link to Comment caimen garou
caimen garou's picture

fools are waking up from their deep sleep finding that their is no true value to paper bullshit.

Mon, 06/25/2012 - 12:56 | Link to Comment Winston Churchill
Winston Churchill's picture

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

Mon, 06/25/2012 - 13:21 | Link to Comment robertocarlos
robertocarlos's picture

Excellent. That pooling was a garbage idea.

Mon, 06/25/2012 - 19:39 | Link to Comment unununium
unununium's picture

Most important post I have seen today.

Mon, 06/25/2012 - 12:59 | Link to Comment KrugerrandFan
KrugerrandFan's picture
Nervous investors fill Swiss safes with cash and gold

http://uk.reuters.com/article/2012/06/25/uk-swiss-boxes-idUKLNE85O022201...

Mon, 06/25/2012 - 13:02 | Link to Comment ilovefreedom
ilovefreedom's picture

But but precious metals don't produce interest or growth!!!

 

Mon, 06/25/2012 - 13:04 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

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.

Mon, 06/25/2012 - 13:24 | Link to Comment robertocarlos
robertocarlos's picture

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.  

Mon, 06/25/2012 - 13:30 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

and the potato goes in the front not the back.

Mon, 06/25/2012 - 13:21 | Link to Comment Tinky
Tinky's picture

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.

Mon, 06/25/2012 - 13:42 | Link to Comment Prometheus418
Prometheus418's picture

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.  

Mon, 06/25/2012 - 17:15 | Link to Comment Canadian Dirtlump
Canadian Dirtlump's picture

sell them privately.

 

 

Mon, 06/25/2012 - 14:11 | Link to Comment No Euros please...
No Euros please we&#039;re British's picture

Soon facebook shares will be but a forgotten barbaric relic.

Mon, 06/25/2012 - 15:00 | Link to Comment I_Rowboat
I_Rowboat's picture

DoucheBook

Mon, 06/25/2012 - 17:16 | Link to Comment Venerability
Venerability's picture

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.

  

Mon, 06/25/2012 - 17:26 | Link to Comment dvfco
dvfco's picture

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?

Mon, 06/25/2012 - 23:12 | Link to Comment knowshitsurelock
knowshitsurelock's picture

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.

Tue, 06/26/2012 - 08:28 | Link to Comment lakecity55
lakecity55's picture

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.

Tue, 06/26/2012 - 04:59 | Link to Comment The.Oracle
The.Oracle's picture

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.

Tue, 06/26/2012 - 08:27 | Link to Comment lakecity55
lakecity55's picture

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.

Do NOT follow this link or you will be banned from the site!