Gut feeling that the U.S. will establish a legal mandate that everybody turn in their precious metals to pay off the Chinese. This may be another facet of American transfer of wealth to China. Also, as Americans are taking money out of their local banks to buy metals, this will cause the smaller banks to collapse and JP Morgan and the other big banks will buy them out. These big banks are arms of the Fed. This will strengthen the Illuminati control grid. APMEX uses JP Morgan for cust. paym
@bweazel Gold should be $2500 oz inflation adjusted, so i dont agree. I believe were in for a lot higher. Wait until july aug 2010 when large amounts of miney is injectedinto the system by banks (money currently held at fed) because of the coming commercial defaults and Alt A and OPt Arms
Not sure why you guys think the commercial market is the same as the personal real estate market, but hey, whatever floats your boat. We can already see the dollar is appreciating, and that’s with little to no action from the fed, it’s still a very demanded currency, and there are still no talks about this fictional basket of currencies. 2500 gold is a pipe dream, the current price is the current price, you don’t adjust for inflation in the present, only in the past.
Once rates begin to go up, what do you honestly think is going to happen to the price of gold? Hmmm? You think it’s going to double? Why? It’s going to be cut in half more likely than not. Why do you guys think this system is going out of control? I see consolidation, no different than the other 4-5 times they’ve done it since the introduction of the fed. Finance is handled by computers, do you guys think computers are just going to poof out of existance all the sudden? Why?
Your entitled to your view point. But i think that rates cannot be put up anytime soon , hence im bullish on Gold and Silver, If rates did go up i dont see gold halfing in price, as rates would be put up to stem inflation meaning further weakness in the currency, so exacly why you want to be in a asset that appreciates in an inflationary situation.
P.s Dollar is not appreciating! The DXY which is a basket of six currencies is the bench mark for the Dollar and in this case the EURO has declined to such an extent that it shows as the Dollar advancing!!
The DXY is trading above its 50-day moving average, it is on a 3 month uptrend, and the fed has began to signal rate hikes. How is this not an appreciating dollar to you? We are appreciating against other currencies, maybe not so much the yuan since there are rumors of them about to unpeg, but compared to the rest of the world, the dollar is looking to be in pretty good shape.
Well, you assume that commercial real estate in those areas increased at the same rates as did the personal real estate, not true, you assume that the commercial real estate market is full of the same types of people that couldn’t afford to have real estate anyways, not true, you assume that most businesses took out ARMs, not true.
I think it’s obvious we’re both entitled to our points of view. Whether or not rate hikes are going to happen anytime soon or not, it’s going to happen, and when it does, gold will return to normal. 1000+ is in no way normal. And anyone who is forking out the dough for that is going to be in for about a 35-45% loss on the investment. Gold does not appreciate, it just is, futures increase in price due to speculation. You guys most likely bought in at the top of the speculation. Enjoy.
This was recorded Dec. 01, 2009.
I have heard many pundits speak of the shortage of silver for years and how it is going to explode in price, yet there it lies like a sailing ship in the doldrums.
It appears that those who have silver are like Walt Disney’s Geppetto, wishing on a star and looking for others to join them in their hope.
A year ago Ford Motor Stock sold for around $3; what is its price today?
The price of silver a year ago was what? And the price of silver today is what?
I started trading silver in 1985 on the comex, even back then [ Hunt Brothers ] it was manipulated
today still the same !!! but by JP Morgan THIS CAN ALL CHANGE ! IF SOME TRADERS, AND IT WOULDN’T TAKE MANY TO TAKE POSSESSION OF THERE BUY PRICE, ON THE COMEX !!! AS OF NOW THE U.S. MINT HAS SUSPENDED
THE MINTING OF GOLD AND SILVER COINS. A SHORTAGE, COME ON PEOPLE WAKE UP !!! ONE CANADIAN PURCHASER DID JUST THAT. HE CALLED THERE BLUFF, THEY COULDN’T DELIVER THE SILVER AS PROMISED,
I agree with you and it surprises me those looking at the future do not do their own research and come to the same conclusion. China,India,and even the Saidi’s are positioning themselves heavily in Gold and Silver. The world is transitioning and preparing for a global currency reserve change and Gold / Silver simply rise to their true value!
I’ve heard all this stuff forever. It’s like a religion (one without basis in fact, that is). Frankly, I don’t get it. I own silver and gold hope to see $100 slv. I’m beginning to think that’s a pipe dream; let alone this obsession about $1000s. Simple guys: if it was worth more than gold, it would cost more than gold. All this hocus pocus about why this hasn’t been realized yet, and when it does your $20 coin will “explode” to $1000, in my opinion is either dishonest or delusional.
@teller121 O ye of little faith! Yes, Ted Butler et al have got their timing wrong time and time again on the price increases. He put far too much faith in a corrupt CFTC. There are many signs now that prices will increase at least a couple of bucks by the end of the year. Maybe even more.That’s good enough for me.
Patience is they key my friend.
@dowhatuwill I still believe that silver will tank big time when this phony, Gov’t rigged market EVENTUALLY is forced to fail reality, a la 2008. Gold may or may not, though I believe it will go down significantly. Gold will probably come back fast regardless of whether the market bounces back. Silver, however, may not get the benefit this time of massive “stimulus” (2008) that caused (is causing) the phoney “recovery.” We may be shooting our last bolt now. No cars, PCs, phones: silver tanks.
@teller121 I agree that if modern society collapses and we go back to the stone age,silver prices could tank. Except that it is also real money for 5000 years and a store of wealth. If silver drops $5 bucks tomorrow, I’ll still be glad I put my faith in it rather than a fiat currency. The more you research silver the better it looks. I don’t beleive we’ll see $1000 silver unless there in massive hyperinfaltion. $100-$200 silver seems inevitable in my opinion within 5 years.Agree to disagree.
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Gut feeling that the U.S. will establish a legal mandate that everybody turn in their precious metals to pay off the Chinese. This may be another facet of American transfer of wealth to China. Also, as Americans are taking money out of their local banks to buy metals, this will cause the smaller banks to collapse and JP Morgan and the other big banks will buy them out. These big banks are arms of the Fed. This will strengthen the Illuminati control grid. APMEX uses JP Morgan for cust. paym
@bweazel Gold should be $2500 oz inflation adjusted, so i dont agree. I believe were in for a lot higher. Wait until july aug 2010 when large amounts of miney is injectedinto the system by banks (money currently held at fed) because of the coming commercial defaults and Alt A and OPt Arms
Not sure why you guys think the commercial market is the same as the personal real estate market, but hey, whatever floats your boat. We can already see the dollar is appreciating, and that’s with little to no action from the fed, it’s still a very demanded currency, and there are still no talks about this fictional basket of currencies. 2500 gold is a pipe dream, the current price is the current price, you don’t adjust for inflation in the present, only in the past.
Once rates begin to go up, what do you honestly think is going to happen to the price of gold? Hmmm? You think it’s going to double? Why? It’s going to be cut in half more likely than not. Why do you guys think this system is going out of control? I see consolidation, no different than the other 4-5 times they’ve done it since the introduction of the fed. Finance is handled by computers, do you guys think computers are just going to poof out of existance all the sudden? Why?
Your entitled to your view point. But i think that rates cannot be put up anytime soon , hence im bullish on Gold and Silver, If rates did go up i dont see gold halfing in price, as rates would be put up to stem inflation meaning further weakness in the currency, so exacly why you want to be in a asset that appreciates in an inflationary situation.
Commercial market or private housing it all affects the economy and the toxic debt levels when people default or walk away.
P.s Dollar is not appreciating! The DXY which is a basket of six currencies is the bench mark for the Dollar and in this case the EURO has declined to such an extent that it shows as the Dollar advancing!!
The DXY is trading above its 50-day moving average, it is on a 3 month uptrend, and the fed has began to signal rate hikes. How is this not an appreciating dollar to you? We are appreciating against other currencies, maybe not so much the yuan since there are rumors of them about to unpeg, but compared to the rest of the world, the dollar is looking to be in pretty good shape.
Well, you assume that commercial real estate in those areas increased at the same rates as did the personal real estate, not true, you assume that the commercial real estate market is full of the same types of people that couldn’t afford to have real estate anyways, not true, you assume that most businesses took out ARMs, not true.
I think it’s obvious we’re both entitled to our points of view. Whether or not rate hikes are going to happen anytime soon or not, it’s going to happen, and when it does, gold will return to normal. 1000+ is in no way normal. And anyone who is forking out the dough for that is going to be in for about a 35-45% loss on the investment. Gold does not appreciate, it just is, futures increase in price due to speculation. You guys most likely bought in at the top of the speculation. Enjoy.
@davincij15 – worth a separate video on these points!
@mallamoozoo
I have talked about it before but I guess I should do it again.
Who took over China’s silver short position? USBullion banks who is now under investigation? I forgot about China walking away from their contracts.
I own more silver than I can carry. My guess is I will be able to trade it eventually for more paper money than I can carry.
@davincij15 good
This was recorded Dec. 01, 2009.
I have heard many pundits speak of the shortage of silver for years and how it is going to explode in price, yet there it lies like a sailing ship in the doldrums.
It appears that those who have silver are like Walt Disney’s Geppetto, wishing on a star and looking for others to join them in their hope.
A year ago Ford Motor Stock sold for around $3; what is its price today?
The price of silver a year ago was what? And the price of silver today is what?
I started trading silver in 1985 on the comex, even back then [ Hunt Brothers ] it was manipulated
today still the same !!! but by JP Morgan THIS CAN ALL CHANGE ! IF SOME TRADERS, AND IT WOULDN’T TAKE MANY TO TAKE POSSESSION OF THERE BUY PRICE, ON THE COMEX !!! AS OF NOW THE U.S. MINT HAS SUSPENDED
THE MINTING OF GOLD AND SILVER COINS. A SHORTAGE, COME ON PEOPLE WAKE UP !!! ONE CANADIAN PURCHASER DID JUST THAT. HE CALLED THERE BLUFF, THEY COULDN’T DELIVER THE SILVER AS PROMISED,
@SuperCulloden price of silver gone up about 30% over the last year. Not an explosion, but compared to any other asset class? very niiiiccce!
@ANTIDALLARD silver at $18 an ounce is not worth recycling, gold at $1250 an ounce is
davincij15,
I agree with you and it surprises me those looking at the future do not do their own research and come to the same conclusion. China,India,and even the Saidi’s are positioning themselves heavily in Gold and Silver. The world is transitioning and preparing for a global currency reserve change and Gold / Silver simply rise to their true value!
Best of luck my friend
@SuperCulloden Silver today is $18.83. Silver a year ago was $14.
I’ve heard all this stuff forever. It’s like a religion (one without basis in fact, that is). Frankly, I don’t get it. I own silver and gold hope to see $100 slv. I’m beginning to think that’s a pipe dream; let alone this obsession about $1000s. Simple guys: if it was worth more than gold, it would cost more than gold. All this hocus pocus about why this hasn’t been realized yet, and when it does your $20 coin will “explode” to $1000, in my opinion is either dishonest or delusional.
I think prize of Silver is about prize of Gold , if Gold prize will go higher ,investors will start to invest to Silver instead of Gold
@teller121 O ye of little faith! Yes, Ted Butler et al have got their timing wrong time and time again on the price increases. He put far too much faith in a corrupt CFTC. There are many signs now that prices will increase at least a couple of bucks by the end of the year. Maybe even more.That’s good enough for me.
Patience is they key my friend.
@dowhatuwill I still believe that silver will tank big time when this phony, Gov’t rigged market EVENTUALLY is forced to fail reality, a la 2008. Gold may or may not, though I believe it will go down significantly. Gold will probably come back fast regardless of whether the market bounces back. Silver, however, may not get the benefit this time of massive “stimulus” (2008) that caused (is causing) the phoney “recovery.” We may be shooting our last bolt now. No cars, PCs, phones: silver tanks.
@teller121 I agree that if modern society collapses and we go back to the stone age,silver prices could tank. Except that it is also real money for 5000 years and a store of wealth. If silver drops $5 bucks tomorrow, I’ll still be glad I put my faith in it rather than a fiat currency. The more you research silver the better it looks. I don’t beleive we’ll see $1000 silver unless there in massive hyperinfaltion. $100-$200 silver seems inevitable in my opinion within 5 years.Agree to disagree.