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Update: $1,623 And Rising..... The "Traditional" "Barbaric Relic" Hits An All Time High Of Over $1615
Here, let us explain to you how this works: you take some "tradition", you mix some central planning, you throw the imminent threat of default by the world's reserve currency and you end up with gold surging to $1615, well on its way to $10,000 and more. Any questions?
Update: $1,623
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There is a middle class, but we should definitely be added to the endangered species list. You are correct it is two groups of people answering to the same people who will continually run the world specifically for their benefit.
I agree that Gold is going through the roof. It is a hedge against inflation and protection against the failure of fiat money.
The thing i dont believe people understand is that its worthless as a provider of sustenance. When the SHTF and it will. Everything will shut down. Food will disappear of store shelves instantly, power will go through the roof etc.
Same as in Agrentina, theives will pick on the weak and well supplied and the police will protect the main infrastructure and thats it. You on your own.
Gold will not be traded for food, history tells us that the barter system will prevail and you cant eat, drink Gold.
I would not trade an item I need to survive for something I cant use.
Gold will not be traded for food? LMFAO. Real comedy hour around here lately. Pray tell one historical example where physical gold was NOT accepted as money during a fiat currency collapse?
http://www.youtube.com/watch?v=4wSb4Wj4CAk
No one will accept gold for food... hmmm? start @ 1:10.
it will be Gold, Silver, Gas, Guns, Ammo and Pussy.. in that order.
I assume your list is from highest to lowest price, and I'd agree, other than gas. Gas will skyrocket at first, possably higher than silver, then drop to just above pussy after the population crashes.
long pussy...check
all traders should own pysical gold.
I don't trust the Wall Street any longer. I don't give a crap if the metals are in a bubble. They will maintain some value unlike crappy paper and computer money.
Who could trust Wall Street with their money any longer? The housing bubble, internet bubble, 2008 crash, etc. To hell with you Wall Street.
there is no bubble in gold as long a CB cartels and goverment/s are now completely underwriting and supporting asset prices.
and history tells us that eventually at all collpases in a heap. so gold is bid.
just opened in Australia and it's going down a bit. Guess war is next for meddling.
Euphoric article
There will be dancing in the streets (paved with gold) if we default.....as we SHOULD!
D-Fault! D-Fault! D-Fault!
No questions. I'm pretty slow but I think I got it.
My local county rag suprised me today. The main editorial was - gasp - by Ron Paul, believe it or not.
"Default Now, or Suffer a More Expensive Crisis Later".
This has to be an indicator of the "end times" like nothing else. I guess it might be worth while to contact my one "sort of" conservative Rep. Brett Guthrie and my Decepti-Con Senator McConnell and demand huge spending cuts now or no debt ceiling increase. Also I had better contact my other Senator, Dr. Rand Paul, and tell him I support everything he is doing but he must become tougher on the balanced budget and no more spending.
Meanwhile, Gold and Silver continue to climb. Ammo prices seem to be slightly down.
Lead is a good buy. One city, I can't remember which one, has a proposal for a $1 tax on each bullet sold.
Tuco
IMM report shows massive short positions on the USD. Asia (and everywhere else) is about to get a massive wave of inflation (ontop of already inflation).
...and then there is Europe lurking in the background.
Doomsday trade is on.
And if there's a government after doomsday, confiscation of all meaningful gold by the powers that then be.
What are we supposed to do without the "junk" button? We spend 1/4 of our time in here discussing it.
flag as worrisome (1)
Would you look at that---capped at 1%, who'd thought!!! These a**holes will do all they can to cap any and all progressions to a single percent to the upside. It can fall as far as it would like, however, moving up--1% and that's it.
Not to mention the dramatic ES save...
"Everyone should have some gold, though pray to God you never need it."
Confiscation? For starters, they already did. What happened to that gold? No, for a bunch of reasons, they can't try it again. If you do hear of any talk about a "return to the gold standard" rest assured it won't be for your benefit, it will be for large central banks. Trust in government generally, is far less than in 1933, no surprise there, and one might conclude that any re-re-criminalization wouldn't be met with any enthusiasm. And as some like to say "we live in a global economy", such a move would perhaps drive the price much higher? At some level it would be an outright admission of utter failure on the part of government and as you may have noticed that isn't part of their lexicon.
You can bet those yelling loudest will be the clowns who derided you for buying at $275, $340, $400, &c, ad infinitum, ad nauseam. Just never say "I told you so". Apparently.
I want to see what happens to gold prices "and" the dollar when the slaves finally figure out that Ft. Knox has more tungsten in it than gold!
"No Mr. Bond, I don't expect you to talk. I expect you to die!" Auric Goldfinger
Tuco Benedicto Pacifico Juan Maria Ramirez
Yeah, but look at 'risk' currencies. AUD/CAD are getting nervous support and are down to USD. EUR & USD have a near perfect match against CHF. I'm itching to sell AUD to the $$ but haven't opened a position yet. I'm being uncharacalistically reserved.
No questions T. D. That about sums it up!
Tuco Benedicto Pacifico Juan Maria Ramirez
You gotta love this! The Chinese commie ambassador to Greece just now telling Greece they've gotta hurry up and privatize their utilities, transports, etc. Hang onto your gold folks. Truly the End of Days is nigh...as the world turns upside down.
Au only up ~$10 now. Nothing to see here....move along
Gold gleams and glitters! LOVE IT!
Things are so out of control that I'm buying Monster Cable because I think it's a bargain no matter how much it costs. It's pure copper with gold plated ends!
Another Israeli scientist picked off...
http://www.haaretz.com/news/diplomacy-defense/iran-murder-of-nuclear-sci...
After Russian plane carrying nuclear scientists goes down
http://www.haaretz.com/news/diplomacy-defense/nuclear-experts-killed-in-...
Last year a few more..
http://www.washingtonpost.com/wp-dyn/content/article/2010/11/29/AR201011...
Spark?
http://daviddegraw.org/2011/07/homeland-security-alert-financial-terrorist-hank-paulson-comes-out-of-hiding-with-more-threats-enters-deficit-talks-as-they-suddenly-collaspe/
!!!!!!!!!!!!!
wow...the balls on this guy...
I wish they'd just guillotined that asshole the last time he dared shove his finger in our face like that.
au 1612.6
ag 40.38
au/ag = 39.93
Please stop referring to gold as a barbaric relic. That term refers to Dick Cheney.
I got into brass, yesterday. $55 for a brass floor outlet. probably 2lbs. I can leave it to my grandkids. It should be worth a fortune if the Peak Everything folks are correct.
You might as well leave 'em your brass balls while your at it.
next county too default is dear ole China, local goverments will eventually be bailed out. So gold will be bid again, again, again...
It is not "all clear" as of this hour. We need to see what happens at 8 a.m. GMT (U.K. time) when the JPM footsoldiers arrive for work. At around 3:00 a.m. EST tomorrow morning, if it follows the script, they will crash the August Gold futures to around $1593 on order to fry that massive open interest in the August $1600 calls which expire on Tuesday. The Crimex has already sent the orders; the goldbgs here in North America will be asleep; and only the Chinese who are opening their own gold and silver Shanghai Futures Exchange this week can save the day.
Will they?
Stay tuned...this will be a Battle for the Record Books.
It is not "all clear" as of this hour. We need to see what happens at 8 a.m. GMT (U.K. time) when the JPM footsoldiers arrive for work. At around 3:00 a.m. EST tomorrow morning, if it follows the script, they will crash the August Gold futures to around $1593 on order to fry that massive open interest in the August $1600 calls which expire on Tuesday. The Crimex has already sent the orders; the goldbgs here in North America will be asleep; and only the Chinese who are opening their own gold and silver Shanghai Futures Exchange this week can save the day.
Will they?
Stay tuned...this will be a Battle for the Record Books.
Remember the assasination of a frozen Osama Bin Laden corpse happened as well as the slam down of silver on a Sunday evening. With unlimited funds they have somehow managed to find someone who will work nights:)
Tuco Benedicto Pacifico Juan Maria Ramirez
Yessir, today is the day!
Do they have an agreement to raise the debt ceiling?
Eventually they will. I understand that. There's not enough guts in DC to force a force majure and collapse the US dollar.
They'll inflate it to worthlessness. That's the long term plan.
They'll keep raising the debt ceiling. One way or another.
!
! Dup
This could well be the scroll for the usury Keyanisans death instead of Morocco's choices... Gold Silver or lead.. I actually heard a CSPAN caller say that this is all planed by gold bugs... Not big government crony capital sinecurist.. Tks Tyler for information .The Merchant of Venice
Act 2, Scene 7, Page 3 Morocco line 65 MOROCCO
O hell, what have we here? A carrion death, within whose empty eye There is a written scroll. I’ll read the writing. (reads)
“All that glisters is not gold— Often have you heard that told. Many a man his life hath sold But my outside to behold. Gilded tombs do worms enfold. Had you been as wise as bold, Young in limbs, in judgment old, Your answer had not been inscrolled. Fare you well. Your suit is cold— Cold, indeed, and labor lost.” Then, farewell, heat, and welcome, frost! Portia, adieu. I have too grieved a heart To take a tedious leave. Thus losers part.
Au 1980 high: $850
Adjusted for inflation per the BLS, Au 1980 high, in 2011 $: $2328.44
Dis regarding my own name-sake...shit just got real...
http://www.youtube.com/watch?v=IUH3JQjcweM
Let's all the fiat currencies of the world hold hands, jump into the pool together and do a reverse split/default. 1,2,3 now: Come on guys you know we're all insolvent.....who needs trunks?!
Wow, nice new format Tyler! Bravo!!!
Let's see how long it takes Chairsatan to do the other traditional thing of Gold and confiscate it.
I believe it will be proven that he was caught with his pants down when it is discovered that a 'note' is not money and Gold is.
Federal Reserve Notes are the most blatant fraud going. There is no maturity date for the 'Note' and therefore it is not a legal bonifide obligation to pay, a true out right fraud. They have always borrowed with never a commitment to make good on their debt.
Always paying off a loan with another loan, ad infinitum
The phrase "barbarous relic" (not "barbaric" originally) is attributed
to Keynes, who first used it in his 1923 "Tract on Monetary Reform".
He was not referring to gold but to the gold standard. For a brief
history of the phrase, see the James Turk's essay at
http:www.goldmoney.com/documents/barbarous-relic.pdf
Recent commentators view the Euro as a modern-day barbarous relic,
because of the inflexibility it imposes on member states (eg, Greece)
who don't have the option to devalue when facing trade
imbalances http://pragcap.com/the-euro-gold-standard
+1 history bitchez
Silver only up .03 now...false alarm, everybody back to bed.
BLythe came back from the Hamptons early - already in the offices....1610---1609.....
Have I mentioned that government does not work?
Down to $1611 from $1624 so it looks like the bullion banks are at it again...it is so fucking predictable it makes me want to vomit.
Now we await the carpet-bombing from JP Morgan who holds about 93% of those naked August $1600 short calls.
Fuckers....
Those constantly afraid of the Blythe hit on gold must have been beaten relentlessly by their mothers growing up. Paranoid of the female hammer. Grow some balls....look at the gold chart from the last 10 years. The next five we go parabolic. Quit worrying and buy the gold juniors who are in bear market territory and trading as if gold were at $700. As the commercial that aired with CNBC on Sirius stated....it's the biggest no brainer in the history of Earth.
stateside
Thanks for the tough love....sometimes we need that.
IMF views gold as "monetary asset" check their website. BB can argue with them.
Gold is going to x/0. Predicting a dollar price is silly when the dollar has no value. Think of it in barrel of oil price, bacon price possibly even Euro price but dollar price...don't think that will matter much. In 6 decades I've watched my country go from being great to greatly in debt. Don't care who's fault it is it is just a shame.
It's sad when you try to cause a market panic and can't do it. #Geithner should take some lessons from my former colleagues at #LTCM.
James G. Rickards
https://twitter.com/#!/JamesGRickards
Once again I am glad I own nothing I consider an "asset" or an "investment." I just own the things I want and need, and don't care whether the value goes up or down.
Gold's just around the corner
Breakdown's coming up round the bend
What ya doing?
http://www.youtube.com/watch?v=k4bHMVAKDao
Chilling out.
much more fun than counting shekels
That it is.
drinkin
The most cogent comment I have read today.
Gold is motherfucking religion. SUKI (tm) is a motherfucking religion.
I feel like I have entered the twilight zone. Surely Rod Sterling is giving the narative somewhere as this plays out like a train wreck in slow motion. The Keynesian's, entrenched in "group think", have so purvasively corrupted our system that there is little hope to stop the inevitable catastrophe that awaits. It's full steam ahead as the track shudders and shifts. Cheif engineer Bernanke, like so many other tragic souls from history, feels compelled to take us all down with him. There are no stops for this train, no safe exits for the sane, it's a one way terror ride to hell. I only hope civilization can survive.
Luckily, I never boarded the train.
"Stop that traiiiiin, I'm leaving!"
(have to accomodate to the new UI)
Scores just in for the Decade:
Barberous Golden Relics +800%
Benny Buck Fiat FRN's -800%
the Referee has stopped the Contest as Benny has been smashed silly in all 10 Rounds and was finally punched unconscious and is now on critical life support in the Barney Frank Memorable Morons Hospital . . . Ron Paul has sent flowers, Daisys for Ben to push up when he's buried shortly
It seems most US innovation is centered in finance and weapons. Our financial innovation is seen as a disastrous joke. Weapons anyone?
http://twitter.com/#!/aristarchan
Death of the American Middle Class
http://moby.to/q2m78u
like that one ari...very silence of the lambs-ish.
That Barbaric Relic must be snacking on them pesky "Geen Shoots"
Eat your spinach now.......
+ Peas and Turkey
Followed rather immediately by a confiscation event.
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