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Spot Gold Soars To All Time High Of $1678.5
Nothing like a perfectly calm, stable and non-imploding global Keynesian Ponzi to set investors minds at ease... And gold to all time record highs.
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$1700 by Friday afternoon?
How about $1800? ;)
I say 1,720.
That porridge isn't too hot nor too cold, it's juuuust right.
I'll take a picture and frame it when it hits $1913.
Why $1913? You were born then?
1913 was the year that America sold itself into debt servitude and traded it's soverignty for some lollypops and candy.
major, major currency moves...overnight, the zenz wuz off 3+% against the dollarz. This isn't just a US thing...every currency regime is trying to outprint the compound interest function that implodes currency base when the economics world gets turned upside down by failure to grow debt.
QE3 (or Global QE) Coming Soon ... Gold & Silver to the Moon!
Yes, but he was a very nice man.
But $ 1933.00 will be eventful as well.. 20.00 - to 1,933.00 dollars in less than 80 years.
actually the american people of 1913 had nothing to do with the federal reserve act. it stemmed from the rich man's panic of 1907, and the act was something the banksters had been trying to get rammed through for years in secret, and they did on christmas eve 1913. cheers.
Why so many thumbs down? I thought that was sort of humerous. In any case, I expect it to go way higher than even my 4-year-old's birthday!
:)
I WANT TO SEE GOLD AT $1776 for symbolism!!!!!!!!!!
Then it can go to $5000 then $400000 then $16.389 TRILLION per ounce!!!!
END THIS FAKE ECONOMY NOW!!
I would like to thank ZH and all the posters for getting me involved in first silver and then gold, starting in the Spring of last year. I remember it well, my first purchase of ASE's, at $19 each, plus a little change. Then I bought SLV in equal amounts, and later sold the SLV and paid for all my physical silver. Now I'm doing the same thing with gold. Screw the Department of Truth!
God, those were the days, weren't they. It makes me feel nostalgic. It seems like so long ago, last Spring. Looking back, I can see that next Spring will be a different world yet again. Fasten your seat belts. There may be turbulence.
I would like to thank ZH as well. I received a rare and coveted lifetime ban from the kitco gold forums in 2009 or there abouts. I was bummed after being a member there for a couple of years and learning a great deal about buying and holding gold and silver. I refused to read their boards any longer, which I have not to this day. I swore off posting for what seems like forever. ZH has been very liberating.
I tell friends and others that ZH is the most important site on the internet stupid highway. I believe this is true.
Now I should donate. Or can I send a silver round instead?
Thanks ZH.
KIPPY.
We are past turbelence. Oxygen masks are down. May as well assume the postition
Will the Guillotines come out when Gold prints @ $1781?
It was actually 1793, but I like your thinking. ;-)
$1700 by Friday afternoon?
Or, by close?
Bring it on!
$1950 here we come.
$2011 by 2011 Jan 1st.
You're confused. However I admire your enthusiasm;)
Yep, his estimate is too low.
But but the best things in life are free!! (Snarkasm)
Sorry for the reality check, but that ship already sailed. $2012 by Jan 1st 2012?
Hence, not big advance through the 2011 then :(
Will people please stop saying that the price of gold has gone up ,it has not, it is the dollar that has gone down .
"Fall of the Machines" :-(|)
$50000 by the time the toner runs out
The toner can never run out when youre printing DIGITAL DOLLARS!! :)
You can run out of room for all those 1's and 0's on the hard drives.
I wonder if they are working on a new datatype for dollar values in databases. Maybe something like a terabit wide?
So when is the scheduled QE3 rumor today?
The EE will push back hard by Friday, 1635 close with an explosive sunday open. 1700 will be a difficult threshold, but will be breached soon.
DaddyO
Don't think it'll happen that way, but it would work for me!
Get it while you can Bitchez, the world has spoken...
Top Tickin'?
Shhhhh...Don't tell Karl "Kool-Aid" Douchenger...He is still sleeping on his lumpy mattress filled with FRNs waiting to buy everything at the "bottom" of the "deflationary spiral"...Shhhhh...Let him sleep.
Yeah,
I gotta say I read his blog and sometimes he is spot on and other times he is like a raven lunatic. But he believes that Bernanke Won’t keep printing. Strange......
he thinks that printing destroys the power of the FRN.
What he doesn't want to accept (due to the ethnicity of one of his main acolytes) is an analysis of Weimar, where the confettiers came out the other side of the hyperinflation owning all of Germany. In fact, reversing this outcome was one of the main thrusts behind the german nationalist movement spearheaded by a guy named Adolf and his enactment of prohibition of ownership of various assets by members of a particular clan (same clan as the confettiers).
Where is MathMan?
<=== Sucking his thumb and stroking his nose.
<=== Puking under a bridge
It's because Obama has ordered the building of a golden calf that's about 40 meters high.
Location will be that island where that greenish statue is located in New York.
And as that consumes rather a lot of gold... the goldprice goes up.
HOLLY WALLSTREET!
Our President on Wallstreet.
Shallowed be Your Name.
Your Empire crumbles.
Your will be done on earth as it is in heaven.
Give us today our daily popcorn.
Forgive us our debts,
as we also have mocked our debtors.
And lead us not into temptation*,
but deliver us more evil.
(for Yours is the Empire and the power and the glory of Totalitarisme. Amen )
NOW THAT IS FUNNY!!! +16 TRILLION
Extra point for a jewish jab on an iconoclast muslim moor.
I heard it was a solid gold statue of Hank Paulson that was being made to be installed in the lobby of the GS building.
Rub his bald head for good luck.
Yea.....Where is Math Man. I forgot about that douche bag.
If you love gold then you must love Bernanke and the Fed, Trichet and the ECB, the EUSSR as a whole, and most especially the doyen of all things fiscally incontinent: Lord Keynes himself!
i love it..
WoW! Just Wow! I gotta admit I got lots of Silver but did not want to buy Gold at $1,423 /OZ. I was waiting to buy the dip. Looks like that dip is not coming. You Gold bugs may be on to something here. This "Barbarous Relic" may be heading to $5,000 in a year or two as the currency wars heat up. Kudo's to all of you who stuck to it and bought the yellow metal.
Too bad I missed out. ;-(
oh well.....
Achimedes @ 09:21,
You are in NO WAY too late....................
At the worst, we will see $2,500.00 in 12-24 mos, and I submit, FAR higher.
Its never too late to buy gold when the Empire is collapsing.
It was too late to buy gold at $500 an ounce. it was too late to buy gold at $1,000 an ounce. It was too late to buy gold at $1,500 an ounce.
You gotta stop thinking in nominal terms and start thinking about WHY gold is going up. Once you've done that, think about whether those factors will continue.
Decide for yourself.
Go for some 1/10 Toz coins, they're only around $200 each right now.
Archimedes,
Currency destruction and a return to the true value of gold after decades of suppression are driving this, as well as everyone swarming into one of the few safe investments available. Inasmuch as there is still supply to purchase, and currency destruction continues, how can you believe you missed it. When paper is worth nothing, how much paper will people give for your gold? This isn't over yet, not by a long shot.
Stocks are never to expensive to buy or inexpensive to sell. - Jesse Livermore
Focus on what is driving this and you will see you haven't missed anything yet, the real move has not even begun yet.
Gold has has gone from a nut job conspiracy theory non-investment to the most prized asset to own RIGHT NOW! All in the time frame of about 8 years...and sentiment is NOT going to change anytime soon so everyone enjoy basking in the long long moment.
Right. Confidence in a Ponzi, like the FRN, is like Humpty Dumpty. All the king's asses and all the king's pimps can't put it back together again.
I like to think of myself as a "traditional" type
Epic!
What's really great is that all of those trolls that were talking about dollar strength, deflation,etc for the past year have been self-vanquished by their own stupidity.
Who knew the sound of crickets could be so soothing....
Bye bye Mathman ($5 dollars to mine - hee hee), Balding Smiles, Critcal Thinking (ha ha ha), etc....
Apparently, stawks did not like the jobs #s -- DJIA is down around 186 points right now.
Gold will almost certainly approach $2000 by spring of 2012, and quite possibly November of 2011.
Best buy in now while you can.
Good call, I think
When u embrace Gold now(short term), Hope the ZH crowd notes it.
Thank God. I bought 10 Maple Leafs 2 weeks ago and the wife found out. Said I was wasting our 7 year old daughter's future college tuition. Now, she has stopped complaining.
Hubbs,
If it has a major pullback, she will be UP IN YOUR SH**..................LOL
Most women are like that(the one's that will not listen to husbands,and are not savvy to the real truths) she does not remember me telling her at $900.00, it was a steal,I want to go in another 20% out of FRN's, wifey say's no..
I said, it's your ass too.So be it.
She will not like it when we lose a LOT of money.I WILL Like it FAR less.
She cannot GRASP that paper is not mone(just a temp substitute,and it's worth is going down daily.
But, I will give her the sh** till she screams, and I move to Bali alone........LOL
Yeah, I was trying to convice my girlfriend at $600.. she had the nerve to say 'what do you know?! All the economists have doctorates degrees and are smarter are saying the opposite!'.
All I can say is, thank god we're not married! LOL
What' stopping you to sell your silver and buy gold. It's still cheap at 1678$
common sense.
When gold is at 5000$, silver will rocket because it's more easy for common people to buy something worth 500$ instead of something that costs 5000$
Is silver being played to ignite ? Only the small paper movers are trying for the "fast buck squeeze". Most of them get eaten when the lions come for food. The big wealth is only trying to convert! Silver is good, but always to small. Perhaps at $150us it would work? Most are looking for a "currency/wealth" holding with history! They, ( this includes some CBs ) want a holding that is spread far and wide, and very deep! Gold is good.
-Another-
Funny, my friends all thought I was crazy nuts when I bought mine at $1100. Call me crazy stupid I guess.
When I was buying gold at $300 I didn't even bother telling anyone, I knew they wouldn't listen, except for my family. Thank Gawd I convinced my family to buy in the 300s and 400s.
My wife thought I was nutz last year when I said that I lost faith in paper and she thought I lost a few boltz. Now she is a net buyer 50/50 Au/Ag LMAO
My wife thinks I am a fucking genius! (As well as a genius fucking!)
And I started buying gold around $600. BTW, I haven't stopped, either.
Can't wait for payday so I can hand all that fiat over to my coin dealer. I feel so lucky that he is still in business and takes that junk from me.
O/T (kinda) can anybody 'splain me WTF crude oil? GS sez months ago "go long" meaning they're shorting it. SPR sells to JPM who parks in tankers, supposedly a shorting tactic. Where's the bottom & how's it gonna turn?
it's quite possible the banksters will let gold and silver run for a while. the central banks have solvency to worry about at this point in time rather than gold.
What about those chowderheads at Automatic Earth and their cash is best call? What about the great Mish? And respectfully, Mr. Mauldin? With the recent moves, I'd hate to see what real inflation is gonna be like in 6 months.
Some out there are still shorting the heck out of the miners to buy their paper gold.
the banksters know that their credibility is lost among the hoi poloi. any daily scan of the comment section of sites such as zh will disabuse them of any notion that folks have any regard for them. so maybe, just maybe, these fine fellas will thrown in the towel and let gold and silver find their level while they the banksters attempt to save their own skin by offloading their paper onto tax payers.
Listened to some comments by 'London Bullion' dealers/bankers recently...
Their comments; 'Not many buyers...but buying in huge quantities... and, the buyers are soverign wealth funds, central banks, and a small number of individuals with very, very deep pockets.'
Good on em, whoever they are!
Thinks are really happening fast.......I'm afraid many aren't prepared for what's coming.
Sorry to even mention the word "jedi" on this blog but I was trying to convince a techhie friend to start thinking about sound money and he came up with this; I must admit it made me laugh.
Watto: Republic credits? Republic credits are no good out here. I need something more real.
Qui-Gon Jinn: I don't have anything else...
[waves hand]
Qui-Gon Jinn: But credits will do fine.
Watto: No, they won't-a.
[Qui-Gon waves his hand more firmly]
Qui-Gon Jinn: Credits will do fine.
Watto: No, they won't-a. What? You think you're some kind of Jedi, waving your hand around like that? I'm a Toydarian. Mind tricks don't work on me. Only money. No money, no parts, no deal!
Good stuff. I need to watch that again.
One of my friend's coworkers was renovating his house a few years ago when he found a 10 oz gold bar. He had no interest so my friend was able to buy it at about spot. Now of course the coworker feels he was taken advantage of.
.
Phone rings in Bangkok....
Bang Dai Ho: Bang here, who calling me please? .....Oh, her-row, Mr. Geithner! It Long time! You must make good joke, Chi-knees still laugh.
Timothy Geithner: Hey Bang, gold is skyrocketing. Who do you buy your gold from?
Bang Dai Ho: Oh, good luck for you now he run special -- he sell gold, but give fresh fish wrapped in USD, for free! He named, Geecha Som Nao.
Timothy Geithner: Well, er... that sounds great, Bang.
Bang Dai Ho: Oooh, and me forget! You want have Goldfingers? Me also still have gold-plated Porsche -- could be Geithner Ho-mobile! Special price for Mr. Tim-Ho!
Boomberg Radio just now - 'Gold not money, but you might want it in your wallet'.
Fuckin' deluded bitchez
Commentator said we need 150k+ read tomorrow, not just 85k concensus.
Try -25k and all hell breaks loose. Can't wait :)
If you can believe the numbers . . .
I assume the powers-that-be are getting desperate to "fix" this.
Finally, I should say, PMs way up. But the mining stocks, not. Will they respond? I don't know. And yes, as others have noted, ZH is far and away the most important website for this era.
Wait till Paulson has to cash out...along with the Hedgie margin call gold redemptions and this my friends will be the "What happened to gold?" story.
Sayonara
No, this, my friends will be the day that I back up the truck.
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