So if I understand this correctly, people who do not trust the paper currency of the USA are trading it for paper gold?
And I have a really nice, hardly used bridge in Manhattan that I will sell them too.
Also, this gold paper is how they are keeping the price of gold low, same for silver. As long as they can get rid of their contract by cash and never have to produce actual metal the ponzi scheme continues. Woe to those who are called upon to cover their naked short with metal.
China drops a few tons of paper gold the other day in a minutes time or so.
http://in.reuters.com/article/2015/0...0PV1LQ20150721
By the way silver is selling at below production so investing in mining is kinda a moot point. Actually, all commodities are tanking, mostly related to China and its epic crash, and with Iran now being released from sanctions oil will drop even lower as they ramp up sales.
Meanwhile in Venezuela;
https://www.youtube.com/watch?t=28&v=veli2J1bTsY
https://www.youtube.com/watch?v=p6i8hQDW9to
https://www.youtube.com/watch?v=LKrvH569Tmc
https://www.youtube.com/watch?v=5Wqso9KEhDE
The look of economic collapse.
We might expect the same when the fedz raise the rate.
"And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"
My wife has attorneys that she works for at her job that have had to travel there. They do not much enjoy it.
"What sick, barbaric bastards.
It's one thing to use terrorism to make a political statement, but the wanton mutilation and suffering of innocents? How does that forward your political goals? When done in the name of religion, how does that earn you brownie points with God?
Fuck religious extremism. And especially fuck the "religion of peace." "
So, lagcsocialist supports terrorism AS LONG AS ITS FOR POLITICAL ENDS....
Spot on here. The mega and central banks are using the PM paper stocks to manipulate the markets down while at the same time buying physical PM's themselves. And I too have read quite a few times that they do not have the PM's to cover the sells they put out. It's all a ruse to push the prices down. For two reasons - to bolster the fiat currency and give them the opportunity to buy cheap.Originally Posted by 5.56NATO
If you want to hedge your assets, buy the physical metal. And I agree - silver right now is a steal. How can you go wrong at $17.50/ounce when it costs over $20 to mine it?
~Nemo me impune lacessit~
There's no way I'd go work willingly into a country in that shape, well not without armed escort at least. The first thing they do in any foreign country when shtf is kill all the Americans. Because Americans cause all the worlds problems as you know. As if killing us Americans gets back at dc who actually causes most of the worlds problems.
"And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"
The US mint had to stop sales of silver coins a while back as they had no more to mint. They're not the only mint to have run dry of silver, so how is the price so low? The answer is easy, the market is awash in silver on paper; contracts that can probably never be fulfilled with the actual metal. It's musical chairs being played with the national economy.
"And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"
Just got confirmation of shipment this morning on my latest purchase of 120 American silver Eagles. I am planning on buying gold for a while from here on out but I am waiting for the fed to make their interest rate decision before doing so.
Also when all the big financial guru's for big banks are telling you to buy gold and silver etf's and that buying actual bullion is stupid, while their own banks are doing the opposite leads me to think they are either getting ready for or engineering a collapse.
Last edited by Hatedbysheeple; 08-10-2015 at 05:37 PM.
Initial Success or Total Failure
Just ran across this piece and it reveals what they do;
"Summary
On August 6, 2015, Goldman Sachs, which has issued very bearish forecasts on long-term gold prices, took delivery of a 3.2-ton purchase of physical gold.
On August 6, 2015, HSBC which also claims to be bearish, took delivery of a 3.9-ton purchase of physical gold.
In both cases, the purchases are registered as being for the benefit of the bank's own house account, rather than the accounts of customers.
Investors should do as the banks do, not as they say."
As opposed to what they say;
"Yet, even as the firm builds its stockpile, Goldman tells clients not to do it. According to Goldman's Jeffrey Currie, the long-term outlook for gold is bleak.
"In longer term, we definitely like playing this market on the short side. We think we are in a structural bear market, not only in gold, but across the commodity complex, as the individual commodity stories are reinforcing to one another, creating a negative feedback loop.""
http://seekingalpha.com/article/3421...-physical-gold
And a hit piece by a big bank employee in ft;
"The observation that gold has been a disappointing investment of late should come as no surprise to anyone in the investment world. The fact that this has occurred in the context of developments that would normally push gold prices higher is notable. But the most consequential hypothesis of all is that gold may be losing its traditional role in a diversified investment portfolio.
To say that gold has underwhelmed investors the past couple of years is an understatement. It did not participate in the surge upwards in nearly all financial asset prices; and it has not provided protection in the more recent downturn in risk markets."
http://www.ft.com/cms/s/0/4a29ee6e-3...#axzz3iXBJ1Vq9
Mohamed A. El-Erian
Mohamed El-Erian is the chief economic adviser at Allianz SE and the author of "When Markets Collide," a best-seller that won the 2008 Financial Times/Goldman Sachs Business Book of the Year. He is chairman of President Barack Obama's Global Development Council, a Financial Times contributing editor, and the former chief executive officer and co-chief investment officer of Pimco. He holds a master's degree and doctorate in economics from Oxford University, having completed his undergraduate degree at Cambridge University.
http://www.bloombergview.com/contrib...med-a-el-erian
Odd how they do the opposite of what they tell others to do.
Also read where banks are starting to send out notices to deposit box holders;
Banned: Chase Bank Says You Can No Longer Store Cash or Precious Metals In Your Safe Deposit Box
http://www.activistpost.com/2015/04/...ou-can-no.html
Curiouser and curiouser.
Last edited by 5.56NATO; 08-11-2015 at 02:03 PM.
"And how we burned in the camps later thinking, what would things have been like, if every security operative, when he went out at night to make an arrest, had been uncertain, whether he would return alive and had to say good-bye to his family?"
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