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Survival and Preparations Long and short term survival and 'prepping'. |
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#201
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(╯°O°)╯FUS RO DAH! ==== ┻━┻ Last edited by dadoody; 06-29-2013 at 9:50 AM.. |
#202
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actually the wealth wasn't eliminated ,it is in the pockets of those who sold the gold at the higher prices. Remember for some one to make money it takes someone else with money "usually" to part with it.
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California's politicians and unionized government employees are a crime gang that makes the Mexican drug cartels look like a Girl Scout Troop in comparison. |
#205
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buy from jewelers
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My AR is 7.62x39, so that if/when we get invaded, I can shoot their ammo back at them! Quote:
Own An 80%? CLICK HERE! Kevin de Leon, on minority women and profiling. |
#208
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I disagree. Buy now, then buy more if it continues to dip. Wait and you'll miss the boat.
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Tyrants Fear Free Men
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#210
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Gold.
I still say it will be a long slow grind back to the cost of production + a little profit. You can't eat it or carry much of it. It's a fear based hedge that will fluctuate in price depending solely upon the near term economic opportunity and/or fear thereof. |
#211
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Is physical Gold now in short supply? Are all the shorts in a squeeze play currently when the yellow metal has lost it's luster? Are banks around the world losing faith in fiat quietly?
Gold/Silver look primed for a little run atm, this could get interesting ! |
#212
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#213
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Have to disagree with you. Gold requires $1,200+ of energy to get in your hands while a piece of paper money only takes .02 cents.
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#214
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Understanding Gold Backwardation and GOFO.
Keep your ears to the ground preppers/survivalist, the last time this happened was 2008. It could be signalling the loss of faith in global currencies. Man your battle stations ! http://www.marketoracle.co.uk/Article41787.html http://www.maxkeiser.com/2013/07/sko...negative-gofo/ |
#215
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In the end most of us here aren't commodity traders so wouldn't it be better for us to buy the silver/gold and just sit on it for 10+ years? Most of us little people would get wiped out trying to time the market with one bad trade.
In addition, if I may add, the value of a silver dollar to the paper dollar has been appreciating steadily. If you buy a silver dollar and just sit on it you could cash it in for retirement, no? |
#216
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Backwardation (spot commodity price greater than futures) is common in consumable commodities like grains, etc., in which case it indicates demand for the consumable which cannot be satisfied by taking delivery on the futures contract. Spot trading higher than the future does not occur often in gold and in my view its does not signify anything more significant than a temporary price dislocation since large quantities of gold are not consumed in the way that corn, for example, may be consumed, but instead gold is mostly shuffled around in global financial markets. I would not attribute anything very significant to "gold backwardation" unless it persists and increases. If that occurs in a major manner than there will still be time to "get on the train" but, of course, then when whatever is causing the price dislocation stops; watch out below! |
#217
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http://kingworldnews.com/kingworldne...orld_News.html
Get your ticket to the greatest show on earth, she looks ready to bloooooow ! |
#218
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There is also a chance we are now on the precipice of financial Armageddon. The gold is gone, China, Russia and India have been hording it for sometime. Silver because it has industrial uses could slow in sales which drives the price south some but....$17 Trillion debt $40 Trillion with unfunded liabilities and $ 1,000 TRILLION of derivatives. We are a train wreck and we may be knocking on Mr. Collapses door. |
#219
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#220
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Im not sure what to think about that???? Oh and its 650 trillion in Unfunded liabilities, 90 trillion of debt, over 300 trillion in bad credit swap paper Last edited by problemchild; 08-15-2013 at 1:04 PM.. |
#221
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They are dumping ETF's for the most part and shorting them which requires the funds to sell physical which China snaps up, melts down the Bundesbank mark, checks purity and re stamps. Germany's gold is long gone as is every other central banks stash who was foolish enough to let it out of their basement. The elite are not selling physical, that would be absurd.
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#222
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#223
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Got a link?
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Though when you say the "elites" are not selling and its 'absurd" to think they would be - could you at least prove it? |
#224
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and silver is $23 A lot of people are saying that the prices bottomed out on June 28th. |
#225
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They are speculating that in 12 months, gold and silver will be double what the bottomed out price was so: Gold will be about $2400 Silver $36 |
#226
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"They"?
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#227
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If by "fiat" you are implying that Governments or people can alter the "value" of gold, then dont for a second think that a pound of beef, ear of corn, or 1 hours of labor are not also altered by those same governments or people. I think you are attempting to apply the theory of intrinsic value a little too basically. I assure you that someone who owns a cattle ranch, a corn field, and machines to harvest the yields of both, sees less value in those products and his labor, when compared to someone who does not have the items mentioned or a way to harvest the yields. Where gold stands apart, is its store of value; that may change its exchange amounts, but it is still there.
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#228
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Sorry for not citing sources, my mind is failing me in my old age as I approach 35 lol.
Eric Sprott http://www.theglobeandmail.com/globe...ticle13765335/ http://ericsprott.blogspot.com/ I like to listen to the podcast on http://allamericangold.com/radio.html |
#229
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Sprott?
I have a hard time thinking a man selling a gold and silver ETF as being credible and reliable. In fact he sold off his own ETF shares then announced as much later when he said they didn't have the silver to back that one up. Look it up. He is no better than Soro's to me
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#230
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" Central banks last year added the most gold to reserves since 1964 and will likely remain an important force in the gold market in 2013. Supported by solid investment demand, the gold price is expected to climb toward $1,900 an ounce and average records in the first half of this year, according to Thomson Reuters GFMS. In 2012, net official sector gold purchases totaled 536 metric tons, up 17.4 percent on the year, GFMS said Wednesday in a report. The world's central banks have been net buyers of gold since 2008. They are expected to buy another 280 tons in this year’s first half. “With continued monetary loosening in advanced economies, demand for gold as a reserve asset from developing countries will remain strong in 2013,” the report, which was released Wednesday, said." |
#231
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http://money.cnn.com/2013/02/15/inve...old/index.html These guys aren't stupid, they know every physical ounce is owned by almost 50 individuals. If it isn't in your hand, you own squat. |
#233
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So you have an opinion?
And stated it as a fact.
The fact is the central banks add to reserves almost every year. Next it's based on dollar value no ounces or such making the increases in 11-12 quite substantial. And central banks = elites? That's also an opinion. And again individual elites have no records showing they've done any thing with gold or silver....as you improperly asserted. Quote:
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#234
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Globally, there are 150 central banks. They’re owned and controlled by descendants of 13 of the world’s richest banking families, many of whom who begot their fortunes began centuries ago financing wars for Kings and nations, and usury interest from capitol loaned. Original owners include the Rothschild’s, Warburg’s, Oppenheimer’s, and Schiff’s. These central banks are controlled from a square mile area located in the middle of London known as The City — the richest square mile on earth—from which the world’s finances are controlled through the banks; which are located in the world’s strategic countries; so named because of the natural resources they possess. http://www.dailypaul.com/279600/who-...r-bank-account |
#235
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Rip
You are arguing with someone most likely much more adept to the financial markets than you. I have bought and sold metals since 1979, I have had a securities brokers license in the "past" to advise clients on proper investment strategies. I have never lost money in the metals game. I sold a multi-million dollar annuity for the company I worked for in the mid 70's, being the youngest to ever do so for them with a company history of over 250 years. http://www.gold.org/government_affai...ld_agreements/ "Western central banks have more than a decade-long history of gold Agreements with each other and with the private sector." "This Agreement also included two important departures from the prior Agreements. First, the collective ceiling was reduced so that "annual sales will not exceed 400 tonnes and total sales over this period will not exceed 2,000 tonnes", 500 tonnes lower than the 2,500 tonnes five-year ceiling provided for in the second Agreement." Not opinions my friend. Central banks and the elite that own them have been net sellers of gold many many many years in their attempt to print themselves unlimited wealth, which they have done a pretty good job of. |
#236
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http://www.silverbearcafe.com/private/07.13/weapon.html |
#237
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Wow
While I appreciate your response was courteous and all, I really do, its hard for me to hold back when someone who is a self proclaimed metals dealer is on here saying "buy buy buy" and presenting opinions as facts like "the elites" are buying not selling when you have NO evidence of that.
I do not trust Sprott - he sells ETF's for metals. I do not know you, but you have admitted your a broker - so you only make commission if someone buys and sales. This is why I hold PM's for SHTF and for SHTF only - I think a lot of people who manipulate metals (not you) in the media deserve PRISON. I am speaking of Soros and the like. Quote:
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#238
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#239
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#240
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Gold is still "Fiat" currency no matter what explanation is given. Bottom line is a group of men got together and decided that shiny metal gold in color had intrinsic value for X reasons.
Like I said the only thing NOT fiat is sweat labor. Sweat labor produces all other things, like food and gold. Quote:
Last edited by problemchild; 08-17-2013 at 7:44 AM.. |
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