The gig is up. This isn't like old times. We have been off the gold standard for long enough now and have recently gotten straight out of control with printing cash. This fiat is going to zero and it's going to go fast.

Might as well just get the pm's and cash some in anytime you need cash for goods. That way you'll never get caught holding the bag.

Is there a rule about only posting about gold/silver in this one thread, because I can't find any reference to said rule. Some silver/gold threads seem to get locked, while other gold threads are allowed to stay open. Personally I think it's ridiculous that there are hundreds of threads talking bout the ponzi scheme market, but only 1 thread is supposed to encompass so many different topics.

But I realize that this forum is privately owned and we do not have any rights while posting here. I suppose it's too much to ask for the mods to actually clarify the rules of the forum, because that might actually take effort, and make it slightly harder to randomly permaban people with absolutely no explanation.

http://www.bloomberg.com/apps/news?p...d=aRL6_p76u8oU

http://news.yahoo.com/s/ap/20091031/...an_copper_mine

http://globalresearch.ca/index.php?context=va&aid=15880

http://www.bloomberg.com/apps/news?p...Er3mFLv0&pos=6

"In politics, nothing happens by accident. If it happens, you can bet it was planned that way." Franklin D. Roosevelt

http://eclipptv.com/viewVideo.php?video_id=8125
ae911truth.org
http://brasschecktv.com/page/263.html
patriotsquestion911.com
http://whatreallyhappened.com/WRHART...reichstag.html

If you knew for 100% certain without ANY doubt at all that the government was behind 9/11. The motivation for pulling of a 911 is just like reichstag -
1. Very good reason to go to war. Obviously war makes tons of money for the elites- hopefully I don't need to go into WHY. It would have been tough to march into iraq / afghanistan / pakistan / iran / africa etc if we didn't have to go fight "the terrorists". Of course, the terrorists are a great enemy because you can never ever ever defeat them.

"It does not matter if the war is not real...it does not matter if victory is not possible...The war is not meant to be won, it is meant to be continuous...The essential act of modern warfare is the destruction of the produce of human labor...A hierarchial society is only possible on the basis of poverty and ignorance...In principle the war effort is always planned to keep society on the brink of starvation...The war is waged by the ruling group against it's own subjects... - George Orwell


2. This is a great way to get rid of some excess population, gain control of resources to exploit. The KEY is that the wars take away our money, both confiscation through inflation, wasting vast amounts of resources accomplishing nothing much besides killing innocent civilians off. But more importantly (see "patriot act" - modeled beautifully after Hitler. Our loss of freedoms are of course our biggest loss. No knock search warrants - if they even bother to get a warrant. No fly lists. Illegal warrantless wiretaps. Can't say it better than Orwell.

http://en.rian.ru/business/20091028/156617011.html

http://worldblog.msnbc.msn.com/archi...8/2109863.aspx

http://www.istockanalyst.com/article...icleid/3575322

http://www.thedailycrux.com/content/3205/Gold

If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen." Samuel Adams, (1722-1803)

http://hubpages.com/hub/Sasha-Malia-...ne-Flu-Vaccine

http://wcbstv.com/local/swine.flu.nyc.2.1281183.html

http://www.naturalnews.com/011764.html

http://abcnews.go.com/Health/AutismN...8894999&page=1

http://www.latimes.com/news/nationwo...0,514104.story

http://survivingthemiddleclasscrash....-out-of-reach/

http://www.findingdulcinea.com/news/...tic-Trade.html

this was originally posted by INTREPID, but the thread got locked, so I am going to repost it here. I don't think he will mind. Also wanted to say, please please please buy food/ ammo / physical tangible SILVER coins and bars. If you guys are not sure about silver, I would highly highly recommend just go out and buy maybe a 1 oz coin, 5 oz bar and a 10 oz bar. This only costs like $300, any of the ballers here can easily afford this. what have you got to lose? It's shiny and cool to play with. makes amazing paper weight. I'm not making money off of this, I'm trying to save yalls but for when the ponzi scheme collapses. OK OK here is where INTREPID post begins, i'm not sure if its any good or not haven't read it yet but i will :
------------------------------------------------------------------------------

I have been having trouble understanding the recent gold rally in light of all the optimistic economic chatter (i.e., financial collapse averted, recession over, recovery has begun, etc.), as well as the current absence of significant inflation or acute geopolitical turmoil. I have also read that scrap gold supply and gold mining production has been on the rise while jewelry demand has declined. Thus, it seems this gold rally is being driven by investment/monetary demand.

I would like to discuss two possible explanations for gold's price rise: 1. Perhaps wealthy powerful people and organizations (including central banks) are accumulating gold (bidding up its price) because they know that the economic recovery propoganda in the popular media is false and fiat currencies are likely to fail in the near future.

2. Some goldbugs have long suspected that banks have been applying their fraudulent fractional reserve lending practices to the selling of gold derivative contracts. Here is one recent example of this type of allegation: http://www.financialsense.com/fsu/ed...2009/1009.html If large banks have been loaning or selling the right to acquire gold that they do not possess, then the actual supply of gold bullion upon which the price of gold is based may be much smaller than previously believed. If more people reach this conclusion, it would drive up the price of gold. If enough wealthy holders of gold futures contracts demand delivery of gold bullion from their large bank counterparties, would we discover that big banks have been selling claims to non-existent gold? What would be the consequences of this revelation?
http://www.financialsense.com/fsu/ed...2009/1009.html
http://www.financialsense.com/fsu/ed...2009/1009.html

http://rawstory.com/2009/10/report-d...byists-report/

It’s bad enough that the silver backing the COMEX futures market is only 1/12th of the amount of silver that is under contract, but the day before Halloween dropped a new trick on things. Total Silver withdrawn on October 30th totaled a massive 3,627,012 ounces. More than two thirds of that amount, 2,585,384 ounces came off the Registered Side of the equation. Since the end of July 2009, the Total Registered amount of silver (silver held by depositories to directly offset futures) has fallen by 10 million ounces. The Friday drawdown was one of the largest that I have seen and would indicate that some of the players are in agreement with the thought that if you don’t have silver in hand, you don’t have silver.

Friday’s Registered silver was 52,695,755. Eligible silver totaled 60,985,505, Combined total of 113,681,260, the lowest level of stocks since 2006.

Silver prices meanwhile hovered in the $16-17 dollar range last week, showing surprising strength in the face of heavy commercial short positions. Small investors are seeing a definite upside, adding 2200 contracts to their weekly position while even the Commercials added slightly more than a 1000 contracts to the Long side. Overall silver under contract fell to 664 Moz from 677 Moz the week prior.

Silver continues to follow Gold in terms of price, with Gold taking cues from the recent IMF sale to India as a bullish indicator. If you are not in silver at this point, I would consider adding a small amount at this point, but I still think that at least one more drop is coming below $16 in order to allow the Commercial Shorts to clear their positions.

comex has only 113 million ounces of silver???

We just need 113 million chinese people with 50 bucks each and all of that silver is drained... where else can we buy a whole bunch of silver? How many of that 113 million ounces of silver:
1. Is for sale?
2. Actually exists in physical form?

ZOMG Inf0's back. Thanks for the links.

Hi Inf0. I do not mind your copy-paste of my complete post. I knew it would be provocative, which I suspect is why moderators chose to lock it while permitting less provocative gold-related threads (e.g., asking what and where to buy) to be active. Some who are invested in an optimistic economic scenario may prefer to avoid exposure to conflicting views.

I will now share my thoughts on the gold rally. I do think many wise and wealthy people know the economic happy talk is false and are accumulating gold for wealth preservation. I highly recommend the following article for a discussion of why government stimulus efforts will fail to achieve sustainable economic growth:

http://globaleconomicanalysis.blogsp...beginning.html

Government stimulus money can give a false appearance of economic recovery by creating asset bubbles and malinvestment activity. When the stimulus is withdrawn, the bubbles will deflate. In this event, some of the money fleeing equities will flow into gold IMO, causing gold to outperform most other assets.

If governments try to perpetually postpone deflation by continuing to dump more and more new money into the economy, they risk devaluing their currencies to the point of collapse. THERE IS NO FREE LUNCH! Deflation is not the problem; it is the solution.

Although the federal reserve has already succeeded in destroying about 95% of our currency's value, I have hope they will refrain from complete destruction of our currency...I guess I'm an incurable optimist! I am encouraged to notice that UUP (Powershares US Dollar Bullish ETF) was up 1.91% today. I suspect other currencies are in more danger of collapse.

Some believe the fiat currency confidence game will come to an end with the introduction of new currencies backed by gold. Supporting this hypothesis is the observation that central banks appear to have become net purchasers of gold instead of net sellers. I am skeptical of this scenario, however.

I am also skeptical of the second reason mentioned in my above post for gold to rally, i.e., the suspicion that large banks have been loaning or selling the right to acquire gold that they do not possess. I know banks can legally lend out more money than they have, but I do not think it is legal for them to engage in fractional reserve gold lending. Of course, it is not necessary for these allegations to be true to fuel a gold rally. It is only necessary that people believe them.

Hi,

I am a noob when it comes to investing, hopefully this is the right place to ask this:

I am switching poker sites and have the option to keep my BR in GBP or Euro (and USD, but from reading this thread I'm guessing I shouldn't do so). So between GBP or Euro, what would be better (or does it not matter)? I live in Canada and make regular cashouts to my bank (CAD).

Thanks in advance

This thread is dedicated for gold discussions and general ******ation. That question is better placed in the general investing thread.

But be carefull, this brons guy is all over the place trying to look like he really knows about everything

Sure, I give you this one. But he shouldn't ask this question here and that has nothing to do with my believes.

gold up over 20% on the year
silver up 60% on the year

ty sirs

What is generally the best way to sell gold?

There have been plenty of websites listed to buy gold. But what if I'm looking to sell bullion that I buy from those sites? Some sites buy as well, do they generally offer good prices?

Basically I want to know generally what percentage I can expect to lose between buying/selling.

Why are you getting bent out of shape because he's pestering the gold bugs?

Gold bugs need pestering, it keeps us honest

This link shows the buy and sell prices of a major coin dealer in my area: http://www.gold***********/bullionpage.html I have had good experiences buying bullion (by phone and in person) from them.

It is possible to get more money for your bullion by selling on ebay or in person...but also more hassle.

is there anyway to prove price inflation of goods, commodities is the direct result of an increase in the money supply? Isn't that all that is at work with that?

http://www.kitco.com/kitco-gold-index.html

Some items are much more liquid than others , meaning there is a much smaller spread between the buy and ask price. for example,
apmex.com is currently buying a 1 oz gold american eagle for 1131 and selling it for 1151 ( + S/H)
silver eagle spread is 18.25 vs 19.09 right now.

to be honest the spreads for converting your FRNs to money is pretty high. I hope you are not trying to 'day trade' physical metals because I doubt it will work out for you, and you will miss some gigantic gains and sell at the exact wrong time. But money is obviously highly liquid and you should have no problem trading it back for monopoly currency at any time in case of emergency.

So assuming I buy the hype with Gold and I'm trying to invest about $40,000 in gold.

What's the consensus on the best way to buy Gold? Physical or Gold ETFs?

Are there any particular websites or dealers that people have experiance with buying at favorable prices?

The problem, obviously, is that I really don't have any idea how the fundamentals of making that investment would work.

What are the taxes like on capital gains from gold?

What are the fees like?

Do I do better with these type of costs in physical or ETF (I assume the latter)...

From what I'm reading, the idea of owning PHYSICAL gold is really all about if the economy goes way, way, way off the cliff and you can't even redeem paper gold for real gold because the supply is just so much smaller than people really thought...?

Thanks for all of the help,

Harry