Buy Gold and Silver - Page 199

petersy · 29-03-2012, 12:57 PM

Quote:

Originally Posted by size_of_light

I'm seriously looking into this.

Why would silver be worth investing in? If the shit hit the fan, seems to me people would instinctively value gold above anything else.

Gold and silver have been real money for the last 5000 years. The problem, is that today's younger generation have never had to deal with real money - only the mickey mouse paper Monopoly money that we have floating around today.

As a child, I can still remember real silver coins being in circulation.

No fiat money system has ever worked - so don't expect any different this time.

h2pogo · 29-03-2012, 10:22 PM

http://www.caseyresearch.com/article...old-could-talk

I hear that you've had some worries about me. I understand. Your world is a very uncertain place right now. And when it comes to money, it looks as though your leaders don't understand some basic monetary principles, making things even more unsettling.

But I want you to know that the problems you're experiencing are actually nothing new. I've seen these monetary, fiscal, and economic difficulties many times before. And I can tell you this: you're safe with me. That's a bold proclamation, but I've provided monetary protection numerous times throughout history – too many to count, in fact. I've served all kinds of people over the centuries, from kings and counts to serfs and servants.

To put your mind at ease, let's review my core characteristics, along with some history, to show how I can protect you against the monetary danger that's likely to worsen in your near future. We'll also take a look at your peculiar set of circumstances to see how I can be of service. By the time we're done, I think you'll feel much better about my ability to help your portfolio withstand whatever is thrown its way.

Enduring Characteristics

Let's start with the basics. I have some characteristics that no other matter on Earth has…

I cannot be:

Printed (ask a miner how long it takes to find me and dig me up)
Counterfeited (you can try, but a scale will catch it every time)
Inflated (I can't be reproduced)

I cannot be destroyed by;

Fire (it takes heat at least 1945.4° F. to melt me)
Water (I don't rust or tarnish)
Time (my coins remain recognizable after a thousand years)

I don't need:

Feeding (like cattle)
Fertilizer (like corn)
Maintenance (like printing presses)

I have no:

Time limit (most metal is still in existence)
Counterparty risk (remember MF Global?)
Shelf life (I never expire)

As a metal, I am uniquely:

Malleable (I spread without cracking)
Ductile (I stretch without breaking)
Beautiful (just ask an Indian bride)

As money, I am:

Liquid (easily convertible to cash)
Portable (you can conveniently hold $50,000 in one hand)
Divisible (you can use me in tiny fractions)
Consistent (I am the same in any quantity, at any place)
Private (no one has to know you own me)

I am internationally accepted, last for thousands of years, and probably most important, you can't make any more of me.

"Gold Is Money"

You've heard that statement before – but do you know what it really means? Money is a medium of exchange and a store of value. Almost anything can be used as money, but obviously some things work better than others. It's hard to exchange things people don't want and other things don't store value well. Over thousands of years, I have emerged as the best form of money (along with silver).

The paper dollars in your wallet are technically a currency, not real money. In other words, they are a government substitute for money. The man you call Aristotle best defined the primary reasons why I'm considered money: a good form of money must be durable, divisible, consistent, convenient, and have value in and of itself.

It must be durable because you can't have your money disintegrating in your pocket or bank. That's why you don't use wheat; it can rot or be eaten by insects.

It must be divisible, which is why you don't use diamonds or artwork; they can't be split into pieces without destroying the value of the whole.

The lack of consistency is why you can't use real estate. One piece is always different from another piece.

It must be convenient, which is why you don't use other metals like lead. The coins would have to be too big to handle easily to be of sufficient value.

It must have value in and of itself. This is why you shouldn't use paper as money.

And one more thing: I can't be created out of thin air. Not even the kings and emperors who clipped and diluted gold coins used paper as money. Aristotle didn't include this in his list, but it's vital.

So you see, there's no superstition here. It's simply common sense. I am particularly good for use as money, just as aluminum is good for making aircraft, steel is good for the structures of buildings, uranium is good for fueling nuclear power plants, and paper is good for making books. If you try to make airplanes out of lead or money out of paper, you're in for a crash.

And by the way, don't fret about those who say I'm not as good an asset as an income-producing vehicle. They misunderstand my role. I'm not trying to be a stock, for example. My function is as money and a store of value, so the proper comparison is to your dollars, or what you call Treasury Bills (of similar nominal value). And here is where I excel and serve my purpose: since 1913, the US dollar has lost 96% of its purchasing power. I have lost none.

Remember, I am the only financial asset that is not simultaneously someone else's liability. I don't require the backing of any bank or government.

The History Lesson

Because I am eons old, I've observed something throughout history that you may not be aware of: government fiat currencies are a relatively new invention, and none has endured. Eventually, they have all failed. Me? I've never been defaulted on or worth zero. Remember this the next time you have any doubts about my long-term worth.

Another of my roles is to protect your purchasing power. Here are a few examples of how my purchasing power has endured:

During the time of Christ, an ounce of me purchased a Roman citizen his toga (suit), a leather belt, and a pair of sandals. Today, one ounce will still buy a good suit, a leather belt, and a pair of shoes.

In 400 BC, during the reign of King Nebuchadnezzar, some scholars reported that an ounce of me bought 350 loaves of bread. Today, an ounce still buys about 350 loaves ($1,700 divided by 350 = $4.85/loaf).

In 1979, my average price was $306.68. This bought an average-priced full-size bed. Thirty-three years later, $1,700 would still buy you a nice full-size bed (and then some).

You can rest assured that over time, I will hold my value. And when you near the end of your life, you can pass me on to your loved ones, knowing full well they will have something that cannot be devalued, debased, or destroyed.

What Color Is Your Money?

Like you, I'm concerned about the current state of fiscal and monetary affairs. It seems your government leaders have boxed themselves into a corner. They've incurred too much debt and are spending too much money. It's important that you understand some lessons from history about this kind of behavior so that you're certain of what I can do for you.

The common denominators that lead to the downfall of every fiat currency are the two big Ds: debts and deficits. With that in mind, consider the following:

Morgan Stanley reported that there is "no historical precedent" for an economy that exceeds a 250% debt-to-GDP ratio without experiencing some sort of financial crisis or high inflation. US total debt currently exceeds GDP by roughly 400%.

Detailed studies of government debt levels over the past 100 years show that debts have never been repaid (in original currency units) when they exceed 80% of GDP. US government debt will exceed 100% of GDP this year.

Investment legend Marc Faber reports that once a country's payments on debt exceed 30% of tax revenue, the currency is "done for." By some estimates, the US will hit that ratio this year.

Peter Bernholz, a leading expert on hyperinflation, states unequivocally that "hyperinflation is caused by government budget deficits." Next year's US budget deficit is projected to be $1.3 trillion.

The solution many of your leaders are pursuing is to create more currency units. Here's an updated picture of the increase in the US monetary base vs. my rise in price since 2008, when your problems starting surfacing.

The monetary base has grown 205.8%, while my price is up 65.8%. This alone implies that my price in dollars is likely to climb much higher.

This is also the reason why I'm not in a bubble, as some have tried to claim. It is your central banks and bond markets that are in a bubble. The fact that my price is rising is a warning that what your leaders are doing is unsustainable and potentially dangerous to your currency.

Think about this: the US has debt backed by debt, based on debt, dependent on debt, and leveraged with debt. You can, for example, buy a bond (i.e., lend money) on margin (i.e., with borrowed money). This is not a sound way to run financial markets.

Meanwhile, the warning bells continue to sound regarding Europe's debt crisis. In just the past 30 days:

Moody's cautioned that it may cut the triple-A status of France, Austria, and the UK; and it downgraded six other European nations including Italy, Spain, and Portugal.

Standard & Poor's cut the triple-A status of France and Austria, while Italy, Spain, Portugal, Cyprus, Malta, Slovakia, and Slovenia were downgraded.

Fitch downgraded Belgium, Cyprus, Italy, Slovenia, and Spain, and stated there was a 50% chance of further cuts in the next two years.

Standard & Poor's downgraded 34 of Italy's 37 banks.

Moody's warned just last week that it may cut the credit ratings of 17 global financial institutions and 114 European ones.

The European crisis is far from over; and the path of least resistance for politicians is to create more currency units. This action can and will have clear and direct consequences: currencies will devalue, and inflation – perhaps hyperinflation – will result.

Once again, I encourage you to use me to protect some of your wealth.

How Much Is Enough?

Given the state of your monetary system, you should accumulate me (and silver) on a regular basis. Just buy some every month and put it in a safe place. After what I've witnessed throughout history, and based on the current path your government leaders insist on pursuing, I suggest using me as your savings vehicle instead of putting dollars in a bank.

If you don't own enough of me when these fiscal troubles really accelerate, I fear you will regret it. I've warned many in the past about the dilution of nations' currencies, and those who didn't heed my warnings experienced severe financial pain. Excuses won't pay the mortgage nor feed the family when the effects of currency debasement hit your home and pocketbook.

Make sure you own enough of me to make a difference to your portfolio. This means having more than a couple coins or a few shares of GLD, the latter of which is only a proxy for my price.

How do you know if you own enough? Ask yourself:

• If inflation returns, or even hyperinflation hits…
• If the economy is flat…
• If uncertainty and fear continue around the globe…
• If stock markets languish…
• If the amount of spending from the world's governments proves futile…
• If government interference in the economy continues to increase…
• If the value of the US dollar takes a major fall…
• If the world enters a recession or depression…
• If you wonder if you have enough "safe" money…

… would you feel that you own enough of me?

Buy a sufficient amount so that as your currency continues to lose value, your portfolio won't. If you do your part, I promise I'll do mine.

Your monetary friend,

Gold

boggumbap · 29-03-2012, 10:39 PM

wheres a good place to store your gold and silver? and how much do you think a single person will need to get them through the collapse of money or a war?

h2pogo · 29-03-2012, 10:50 PM

Quote:

Originally Posted by boggumbap

wheres a good place to store your gold and silver?

some where secret

boggumbap · 29-03-2012, 10:54 PM

Quote:

Originally Posted by h2pogo

some where secret

Im thinking about storing mine in the bank..no idea how to go about getting insurance though never done this before! Im a newbie to all this gold/silver stuff but my gut tells me it's the way to go

h2pogo · 29-03-2012, 11:20 PM

Quote:

Originally Posted by boggumbap

Im thinking about storing mine in the bank..no idea how to go about getting insurance though never done this before! Im a newbie to all this gold/silver stuff but my gut tells me it's the way to go

I dont trust banks and dont think they need encouraging.

Goldmoney are by all accounts sound and independant of the manipulators. http://www.goldmoney.com/

I have used bullionvault but they are in with LBMA who are complicit..But i never had a problem with them.Though if the naked short scam is revealed who knows whos gold they are holding.

When i started stacking the house i rented had an unmovable safe..which was convinient.

Other wise use your imagination..it can be set in a cast, hidden in wood, sealed in a tin of paint, rendered in a wall or plastered in a picture frame
or of course burried in a hole.
Metal detectors are probarbly your worst enemy.

blackjimmy · 30-03-2012, 07:28 AM

Quote:

Originally Posted by h2pogo

I dont trust banks and dont think they need encouraging.

I agree, putting it in a bank seems kind of pointless to me. Kind of like buying a burglar alarm and then sharing the security code with all the criminals.

IMO the best weapon there is for securing PMs is secrecy.

domathy · 30-03-2012, 07:16 PM

Just got back from Frankfurt and can say the drive was not too bad. 5 hrs drive to Dover (slept at service station tues night) then crossing at 7:40am Weds, drove straight to Ibis hotel near Airport arrived 5pm their time. 8:30am Thurs collect goods then caught 4:30pm ferry - in bed by 10 last night.
Clear roads all the way (though plenty of jams/crashes, but always coming the other way on both trips). Only hiccup was the ferry doors broke and took 50 mins to repair, plus French customs searched my car. Trip cost about £350 in total i think. I got 160 coins for myself and because I earned a bit for doing the driving, they only cost me £17 each inc tax

domathy · 30-03-2012, 07:27 PM

Quote:

Originally Posted by icke_is_right

If you listen to the Ted Butler interview, he details the levels that they look to take out ie 50 day MA.

http://stockcharts.com/h-sc/ui?s=%24silver

The longer term the pattern, the more valid the pattern is as with this 30 year cup and handle.

Sorry but I'm not into charting in this manipulated market and I prefer to not go into the fine detail, that I've found over the years, usually is pointless. Been there and done that. However, things like the 30 year cup and handle are very interesting and should be noted.

I have worked extensively on indecies and the timing of the stock markets. With what I have studied and observed, I have the understanding of a system that will provide good timing for such markets if mixed with fundamentals. Therefore, I'm confident that I could time buys long term better than most. However, one goes up against the manipulation in such markets as well, for which I'm not confident in unravelling. I prefer KISS principle. Extra thought isn't going to change the outcome. I believe and continue to believe that this is a game of musical chairs. I sat down in reasonably good time.

I know the markets are manipulated, but the people who facilitated the course I took clearly knew what was going to happen well in advance. They were saying before 2008 that there was about to be a big crash and all had their 'puts' etc in place and said they were going to make a fortune and were trying to get us competent enough so we could do the same. They said something about a fibronocci sequence and that they could tell by looking at the charts what was going to happen well in advance. They talked about 'natural cycles' but I would say more likely that its all manipulated and built in, but as they cant see who is pulling the strings, they perceive the cycles as natural. But they knew enough to see the crash coming, and no doubt are stinking rich and probably went into PMs soon after.

icke_is_right · 30-03-2012, 09:15 PM

Quote:

Originally Posted by domathy

I know the markets are manipulated, but the people who facilitated the course I took clearly knew what was going to happen well in advance. They were saying before 2008 that there was about to be a big crash and all had their 'puts' etc in place and said they were going to make a fortune and were trying to get us competent enough so we could do the same. They said something about a fibronocci sequence and that they could tell by looking at the charts what was going to happen well in advance. They talked about 'natural cycles' but I would say more likely that its all manipulated and built in, but as they cant see who is pulling the strings, they perceive the cycles as natural. But they knew enough to see the crash coming, and no doubt are stinking rich and probably went into PMs soon after.

I hope that you picked up some good beer in Deutschland too!

You were asking about the metals markets and charting. The manipulators do work around charting theory to instigate their wickedness, so charting can be helpful. I don't think people should be trading silver and gold on the paper markets. This is a time to buy the real deal and sit tight.

You cannot see what's happening purely by a chart on the indecies, it's an indication. There are many other things that you can look at for indecies to help with your conclusion. How they came to their conclusions, only they know.

icke_is_right · 31-03-2012, 09:07 AM

http://www.agnico-eagle.com/English/...px?Indice=NYSE

What do you think of the 5 year chart on this favourite rec by Bob Chapman? (I have not done any research on the company). He mentioned that they have had a flood from which they'll recover. Bob thinks it's one of the best gold mine stocks in the world and people are dumping it now to a low of 3 years ago, with gold prices having risen dramatically in the last 3 years, hence a possible double discount. This is a company that I would research extensively if I was going to put money into a chart.

This is the sort of thing which I like the look of, especially when it is thought that PM mining companies, will go in the same way as they did in the 70's.

As I have said, I stick to the strat of real metal. This might be of interest.

domathy · 31-03-2012, 07:34 PM

Quote:

Originally Posted by icke_is_right

I hope that you picked up some good beer in Deutschland too!

You were asking about the metals markets and charting. The manipulators do work around charting theory to instigate their wickedness, so charting can be helpful. I don't think people should be trading silver and gold on the paper markets. This is a time to buy the real deal and sit tight.

You cannot see what's happening purely by a chart on the indecies, it's an indication. There are many other things that you can look at for indecies to help with your conclusion. How they came to their conclusions, only they know.

Nein, Ich nichts trinken beer, but found some sehr gut avocado

Tbh, I dont really understand much of what youre saying about market stuff, all i remember is a few visual chart patterns and dont know the lingo at all. I had the opportunity to learn, but realised that paper trading wasnt for me early on. I literally know next to nothing about all this, but know physical anything is safer than paper, or numbers on a computer screen, since I relaised the elite control the money system. So im just going to hope for the best with silver and try and learn only what I need to know as I go along

indolering · 31-03-2012, 10:36 PM

Quote:

Originally Posted by domathy

Nein, Ich nichts trinken beer, but found some sehr gut avocado

Tbh, I dont really understand much of what youre saying about market stuff, all i remember is a few visual chart patterns and dont know the lingo at all. I had the opportunity to learn, but realised that paper trading wasnt for me early on. I literally know next to nothing about all this, but know physical anything is safer than paper, or numbers on a computer screen, since I relaised the elite control the money system. So im just going to hope for the best with silver and try and learn only what I need to know as I go along

The experts we respect all agree, and common sense too is on our side.

Silver is good.

allseeinguy · 01-04-2012, 02:52 AM

http://sgtreport.com/

indolering · 01-04-2012, 03:23 AM

Quote:

Originally Posted by allseeinguy

http://sgtreport.com/

Interesting article - website looks good too. Thanks for the link.

icke_is_right · 01-04-2012, 11:29 AM

Quote:

Originally Posted by allseeinguy

http://sgtreport.com/

This is rather big news in the scheme of things. The comments underneath, demonstate the difficulty a lot of people have interpreting a simple report!

icke_is_right · 01-04-2012, 11:40 AM

Quote:

Originally Posted by domathy

Nein, Ich nichts trinken beer, but found some sehr gut avocado

Tbh, I dont really understand much of what youre saying about market stuff, all i remember is a few visual chart patterns and dont know the lingo at all. I had the opportunity to learn, but realised that paper trading wasnt for me early on. I literally know next to nothing about all this, but know physical anything is safer than paper, or numbers on a computer screen, since I relaised the elite control the money system. So im just going to hope for the best with silver and try and learn only what I need to know as I go along

Yes, something happens when you hold that first bullion coin, especially gold, it breaks the hypnotism. Then, suddenly far more is understood and the security of holding real metal which could be around in thousands of years time, becomes more clear. I think holding tangible assets in this environment is the best and safest thing to do. As Mark Twain said: 'I am more concerned about the return of my money than the return on my money'.

The other day, I saw a report on the sudden mania around the world's largest jackpot offering in the US. People were queuing all over, for the chance to buy a $1 ticket. I expect that this will happen with gold and silver at some point. The above, kicked off very quickly as the hysteria grows. Most people don't understand that they are almost guaranteed to waste their money on such schemes. So, with an almost guaranteeed loss, they enter a frenzy of hopes and dreams.

The evidence is becoming more wide spread. We are the first to sit down in this game of musical chairs. The soon to be hysterical masses, are still oblivious. When they suddenly become aware of the threat, they will do almost anything to rectify the situation. This is the way that markets often work.

blackjimmy · 01-04-2012, 12:56 PM

Quote:

Originally Posted by icke_is_right

Yes, something happens when you hold that first bullion coin, especially gold, it breaks the hypnotism. Then, suddenly far more is understood and the security of holding real metal which could be around in thousands of years time, becomes more clear. I think holding tangible assets in this environment is the best and safest thing to do. As Mark Twain said: 'I am more concerned about the return of my money than the return on my money'.

The other day, I saw a report on the sudden mania around the world's largest jackpot offering in the US. People were queuing all over, for the chance to buy a $1 ticket. I expect that this will happen with gold and silver at some point. The above, kicked off very quickly as the hysteria grows. Most people don't understand that they are almost guaranteed to waste their money on such schemes. So, with an almost guaranteeed loss, they enter a frenzy of hopes and dreams.

The evidence is becoming more wide spread. We are the first to sit down in this game of musical chairs. The soon to be hysterical masses, are still oblivious. When they suddenly become aware of the threat, they will do almost anything to rectify the situation. This is the way that markets often work.

It has been interesting observing the semi-mania that has caused all the queuing at the fuel stations here in the UK. It wasn't even a strike, it was just the rumour of a strike, and people are having to wait an hour to fill up. Things turn ugly pretty quickly when people get scared. I am expecting that there will be a crazy mania in the rush to buy gold and silver, but like mike maloney says by then it will already be too late.. the herd always rushes in at the end and gets slaughtered.

It has been a bit of a lesson for me to see this kind of crowd movement happen first hand, as I only have a vague memory of the fuel strikes about 10 years ago. It's not hard to imagine the same thing happening again. Think I'll buy some more sacks of rice

allseeinguy · 01-04-2012, 04:08 PM

http://www.youtube.com/watch?v=t0dODJGm3dM

they can't print silver and gold unlike fiat, short video showing how much work goes into the mining process.

indolering · 04-04-2012, 03:52 AM

.
From the DI headlines page:

A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine

http://theeconomiccollapseblog.com/a...are-to-imagine

Most people think of a cashless society as something that is way off in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. To a large degree, the transition to a cashless society is being done voluntarily. Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money. Just think about it for a moment. Where do you still use cash these days? If you buy a burger or if you purchase something at a flea market you will still use cash, but for any mid-size or large transaction the vast majority of people out there will use another form of payment. Our financial system is dramatically changing, and cash is rapidly becoming a thing of the past. We live in a digital world, and national governments and big banks are both encouraging the move away from paper currency and coins. But what would a cashless society mean for our future? Are there any dangers to such a system?

Those are very important questions, but most of the time both sides of the issue are not presented in a balanced way in the mainstream media. Instead, most mainstream news articles tend to trash cash and talk about how wonderful digital currency is...

Yes, a cashless society is coming.

Are you ready for it?

29-03-2012, 10:22 PM	#3962
h2pogo Senior Member Join Date: Jan 2008 Posts: 7,362	If Gold Could Talk http://www.caseyresearch.com/article...old-could-talk I hear that you've had some worries about me. I understand. Your world is a very uncertain place right now. And when it comes to money, it looks as though your leaders don't understand some basic monetary principles, making things even more unsettling. But I want you to know that the problems you're experiencing are actually nothing new. I've seen these monetary, fiscal, and economic difficulties many times before. And I can tell you this: you're safe with me. That's a bold proclamation, but I've provided monetary protection numerous times throughout history – too many to count, in fact. I've served all kinds of people over the centuries, from kings and counts to serfs and servants. To put your mind at ease, let's review my core characteristics, along with some history, to show how I can protect you against the monetary danger that's likely to worsen in your near future. We'll also take a look at your peculiar set of circumstances to see how I can be of service. By the time we're done, I think you'll feel much better about my ability to help your portfolio withstand whatever is thrown its way. Enduring Characteristics Let's start with the basics. I have some characteristics that no other matter on Earth has… I cannot be: Printed (ask a miner how long it takes to find me and dig me up) Counterfeited (you can try, but a scale will catch it every time) Inflated (I can't be reproduced) I cannot be destroyed by; Fire (it takes heat at least 1945.4° F. to melt me) Water (I don't rust or tarnish) Time (my coins remain recognizable after a thousand years) I don't need: Feeding (like cattle) Fertilizer (like corn) Maintenance (like printing presses) I have no: Time limit (most metal is still in existence) Counterparty risk (remember MF Global?) Shelf life (I never expire) As a metal, I am uniquely: Malleable (I spread without cracking) Ductile (I stretch without breaking) Beautiful (just ask an Indian bride) As money, I am: Liquid (easily convertible to cash) Portable (you can conveniently hold $50,000 in one hand) Divisible (you can use me in tiny fractions) Consistent (I am the same in any quantity, at any place) Private (no one has to know you own me) I am internationally accepted, last for thousands of years, and probably most important, you can't make any more of me. "Gold Is Money" You've heard that statement before – but do you know what it really means? Money is a medium of exchange and a store of value. Almost anything can be used as money, but obviously some things work better than others. It's hard to exchange things people don't want and other things don't store value well. Over thousands of years, I have emerged as the best form of money (along with silver). The paper dollars in your wallet are technically a currency, not real money. In other words, they are a government substitute for money. The man you call Aristotle best defined the primary reasons why I'm considered money: a good form of money must be durable, divisible, consistent, convenient, and have value in and of itself. It must be durable because you can't have your money disintegrating in your pocket or bank. That's why you don't use wheat; it can rot or be eaten by insects. It must be divisible, which is why you don't use diamonds or artwork; they can't be split into pieces without destroying the value of the whole. The lack of consistency is why you can't use real estate. One piece is always different from another piece. It must be convenient, which is why you don't use other metals like lead. The coins would have to be too big to handle easily to be of sufficient value. It must have value in and of itself. This is why you shouldn't use paper as money. And one more thing: I can't be created out of thin air. Not even the kings and emperors who clipped and diluted gold coins used paper as money. Aristotle didn't include this in his list, but it's vital. So you see, there's no superstition here. It's simply common sense. I am particularly good for use as money, just as aluminum is good for making aircraft, steel is good for the structures of buildings, uranium is good for fueling nuclear power plants, and paper is good for making books. If you try to make airplanes out of lead or money out of paper, you're in for a crash. And by the way, don't fret about those who say I'm not as good an asset as an income-producing vehicle. They misunderstand my role. I'm not trying to be a stock, for example. My function is as money and a store of value, so the proper comparison is to your dollars, or what you call Treasury Bills (of similar nominal value). And here is where I excel and serve my purpose: since 1913, the US dollar has lost 96% of its purchasing power. I have lost none. Remember, I am the only financial asset that is not simultaneously someone else's liability. I don't require the backing of any bank or government. The History Lesson Because I am eons old, I've observed something throughout history that you may not be aware of: government fiat currencies are a relatively new invention, and none has endured. Eventually, they have all failed. Me? I've never been defaulted on or worth zero. Remember this the next time you have any doubts about my long-term worth. Another of my roles is to protect your purchasing power. Here are a few examples of how my purchasing power has endured: During the time of Christ, an ounce of me purchased a Roman citizen his toga (suit), a leather belt, and a pair of sandals. Today, one ounce will still buy a good suit, a leather belt, and a pair of shoes. In 400 BC, during the reign of King Nebuchadnezzar, some scholars reported that an ounce of me bought 350 loaves of bread. Today, an ounce still buys about 350 loaves ($1,700 divided by 350 = $4.85/loaf). In 1979, my average price was $306.68. This bought an average-priced full-size bed. Thirty-three years later, $1,700 would still buy you a nice full-size bed (and then some). You can rest assured that over time, I will hold my value. And when you near the end of your life, you can pass me on to your loved ones, knowing full well they will have something that cannot be devalued, debased, or destroyed. What Color Is Your Money? Like you, I'm concerned about the current state of fiscal and monetary affairs. It seems your government leaders have boxed themselves into a corner. They've incurred too much debt and are spending too much money. It's important that you understand some lessons from history about this kind of behavior so that you're certain of what I can do for you. The common denominators that lead to the downfall of every fiat currency are the two big Ds: debts and deficits. With that in mind, consider the following: Morgan Stanley reported that there is "no historical precedent" for an economy that exceeds a 250% debt-to-GDP ratio without experiencing some sort of financial crisis or high inflation. US total debt currently exceeds GDP by roughly 400%. Detailed studies of government debt levels over the past 100 years show that debts have never been repaid (in original currency units) when they exceed 80% of GDP. US government debt will exceed 100% of GDP this year. Investment legend Marc Faber reports that once a country's payments on debt exceed 30% of tax revenue, the currency is "done for." By some estimates, the US will hit that ratio this year. Peter Bernholz, a leading expert on hyperinflation, states unequivocally that "hyperinflation is caused by government budget deficits." Next year's US budget deficit is projected to be $1.3 trillion. The solution many of your leaders are pursuing is to create more currency units. Here's an updated picture of the increase in the US monetary base vs. my rise in price since 2008, when your problems starting surfacing. The monetary base has grown 205.8%, while my price is up 65.8%. This alone implies that my price in dollars is likely to climb much higher. This is also the reason why I'm not in a bubble, as some have tried to claim. It is your central banks and bond markets that are in a bubble. The fact that my price is rising is a warning that what your leaders are doing is unsustainable and potentially dangerous to your currency. Think about this: the US has debt backed by debt, based on debt, dependent on debt, and leveraged with debt. You can, for example, buy a bond (i.e., lend money) on margin (i.e., with borrowed money). This is not a sound way to run financial markets. Meanwhile, the warning bells continue to sound regarding Europe's debt crisis. In just the past 30 days: Moody's cautioned that it may cut the triple-A status of France, Austria, and the UK; and it downgraded six other European nations including Italy, Spain, and Portugal. Standard & Poor's cut the triple-A status of France and Austria, while Italy, Spain, Portugal, Cyprus, Malta, Slovakia, and Slovenia were downgraded. Fitch downgraded Belgium, Cyprus, Italy, Slovenia, and Spain, and stated there was a 50% chance of further cuts in the next two years. Standard & Poor's downgraded 34 of Italy's 37 banks. Moody's warned just last week that it may cut the credit ratings of 17 global financial institutions and 114 European ones. The European crisis is far from over; and the path of least resistance for politicians is to create more currency units. This action can and will have clear and direct consequences: currencies will devalue, and inflation – perhaps hyperinflation – will result. Once again, I encourage you to use me to protect some of your wealth. How Much Is Enough? Given the state of your monetary system, you should accumulate me (and silver) on a regular basis. Just buy some every month and put it in a safe place. After what I've witnessed throughout history, and based on the current path your government leaders insist on pursuing, I suggest using me as your savings vehicle instead of putting dollars in a bank. If you don't own enough of me when these fiscal troubles really accelerate, I fear you will regret it. I've warned many in the past about the dilution of nations' currencies, and those who didn't heed my warnings experienced severe financial pain. Excuses won't pay the mortgage nor feed the family when the effects of currency debasement hit your home and pocketbook. Make sure you own enough of me to make a difference to your portfolio. This means having more than a couple coins or a few shares of GLD, the latter of which is only a proxy for my price. How do you know if you own enough? Ask yourself: • If inflation returns, or even hyperinflation hits… • If the economy is flat… • If uncertainty and fear continue around the globe… • If stock markets languish… • If the amount of spending from the world's governments proves futile… • If government interference in the economy continues to increase… • If the value of the US dollar takes a major fall… • If the world enters a recession or depression… • If you wonder if you have enough "safe" money… … would you feel that you own enough of me? Buy a sufficient amount so that as your currency continues to lose value, your portfolio won't. If you do your part, I promise I'll do mine. Your monetary friend, Gold __________________ "learn the rules so you can break them properly" http://silver-synergy.blogspot.ie/20...solutions.html http://www.davidicke.com/forum/showthread.php?t=233922 https://twitter.com/silversynergy

30-03-2012, 07:16 PM	#3968
domathy Banned Join Date: Nov 2009 Location: Devon, UK. Posts: 2,965	Just got back from Frankfurt and can say the drive was not too bad. 5 hrs drive to Dover (slept at service station tues night) then crossing at 7:40am Weds, drove straight to Ibis hotel near Airport arrived 5pm their time. 8:30am Thurs collect goods then caught 4:30pm ferry - in bed by 10 last night. Clear roads all the way (though plenty of jams/crashes, but always coming the other way on both trips). Only hiccup was the ferry doors broke and took 50 mins to repair, plus French customs searched my car. Trip cost about £350 in total i think. I got 160 coins for myself and because I earned a bit for doing the driving, they only cost me £17 each inc tax Last edited by domathy; 30-03-2012 at 07:17 PM.

31-03-2012, 09:07 AM	#3971
icke_is_right Senior Member Join Date: Feb 2008 Posts: 2,463	Interesting Gold Mine Chart. http://www.agnico-eagle.com/English/...px?Indice=NYSE What do you think of the 5 year chart on this favourite rec by Bob Chapman? (I have not done any research on the company). He mentioned that they have had a flood from which they'll recover. Bob thinks it's one of the best gold mine stocks in the world and people are dumping it now to a low of 3 years ago, with gold prices having risen dramatically in the last 3 years, hence a possible double discount. This is a company that I would research extensively if I was going to put money into a chart. This is the sort of thing which I like the look of, especially when it is thought that PM mining companies, will go in the same way as they did in the 70's. As I have said, I stick to the strat of real metal. This might be of interest. __________________ Gold $742 Silver $9.52 (at start of G/S thread Nov08') http://goldsilver.com/newsletters/newsID/8050/ We Will Win: http://www.youtube.com/watch?v=lbaemWIljeQ Focus on what you want, never give up, it will come.

29-03-2012, 10:39 PM	#3963
boggumbap Senior Member Join Date: Apr 2011 Location: right behind you Posts: 251	wheres a good place to store your gold and silver? and how much do you think a single person will need to get them through the collapse of money or a war?

01-04-2012, 02:52 AM	#3974
allseeinguy Senior Member Join Date: Mar 2012 Posts: 114	http://sgtreport.com/

04-04-2012, 03:52 AM	#3980
indolering Premier Subscribers Join Date: Sep 2010 Location: on a cliff in the Himalayas Posts: 2,344	. From the DI headlines page: A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine http://theeconomiccollapseblog.com/a...are-to-imagine Most people think of a cashless society as something that is way off in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most people would ever dare to imagine. To a large degree, the transition to a cashless society is being done voluntarily. Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money. Just think about it for a moment. Where do you still use cash these days? If you buy a burger or if you purchase something at a flea market you will still use cash, but for any mid-size or large transaction the vast majority of people out there will use another form of payment. Our financial system is dramatically changing, and cash is rapidly becoming a thing of the past. We live in a digital world, and national governments and big banks are both encouraging the move away from paper currency and coins. But what would a cashless society mean for our future? Are there any dangers to such a system? Those are very important questions, but most of the time both sides of the issue are not presented in a balanced way in the mainstream media. Instead, most mainstream news articles tend to trash cash and talk about how wonderful digital currency is... Yes, a cashless society is coming. Are you ready for it?