sdavid0419

The Intrinsic Value of Nothing, Part 2

It seems to be that the government is always trying to take from the rich and give to the poor and that big business is not only trying to take from everyone and keep getting richer but buy off the government too!!!! The sad thing is MONEY is winning.

Gold Is Not in a Bull Market

He did hit several true themes. GOLD is MONEY. The US and some but not ALL other countries are printing money like it is going out of style. AND the IF things get that bad get a cabin and a gun was also correct. Gun show sales are way up...not statistics to cabins in the woods. Also, not mentioned is the tremendous inflation figure that is magically being hidden. Add to the list of my previous evidence my new health insurance bill 25% higher than last year and if congress gets its scheme passed I'm guessing at least another 10% in rising costs or added taxes. Also my cable TV bill just jumped from $121/mnth to $162/mnth. No matter how many times our government changes the way inflation is calculated it is what it is and that is climbing out of control. Oh thats right gas locally went from $2.37/gal to $2.63/gal in one week.

Recycling U.S. Coins into Silver

Wow...lots of comments on this one. Let me add my 2c worth. I've been buying the 90% silver coins for a while now and have found that they do not screen them for dates and that I have each time gotten full value in dates for what I paid for silver. Also, I'm not buying into the oil dollar as I am in the process of going green and have found solar and wind to be worth the investment. When the rest of the world catches on to this gasoline might well be under $1 a gallon again!!!!!

Silver Unmasked

I think you hit the nail on the head. While gold is considered real money, silver actually is very useful even if photography went digital. With gold the imaginary thing (arbitrage) can work as there is a lot of real gold out there to cover shorts. With silver, it might take a decade but imaginary silver will not be available to cover shorts!

Gold's Big Secret - No One's Actually Buying

Your head line is mostly accurate. Every time I go to my bullion dealer I wait in line with the sellers until I get my chance to buy. Some people think I am a nobody so your headline would be correct with "NOONE". Actually, I like it this way as I have been a contrarian most of my life. My forefathers told me to buy when everyone else is selling and sell when everyone else is buying. This advise has worked well for me. By the time the true inflation numbers get published and the hoards flock in to buy I will have plenty of inventory of which to sell. One sad note though is that most of the sellers in line with me are people that have to sell to meet their daily obligations. As to the institutions and their leveraged trades I hope they are on the correct side because if they need my gold to cover their shorts they will pay dearly for it!!!!!!

Why a Gold Bug Isn't Buying Gold Now

Big fast build ups usually do get followed by some profit taking. Nothing goes straight up. As to the market correcting in the short term that is another thing. I vividly remember tech stocks continuously climbing for several years with no logical reason before the bubble burst. The same for housing prices. Unemployment numbers (U2) absolutely do NOT support any further growth in the markets yet my anticipation is these guys will continue piling on until that bubble bursts also!!!!! As to the metals I'm a BUG too and I'm not currently buying or selling as I believe the coming inflation will determine where the top is and since we can't even get the government to acknowledge the inflation we will have to continue monitoring this ourselves.

Silver Futures Show Markets Are Acting Strangely

This Kohalakid guy makes the Hunt brothers look like saints. He keeps falling back to the rules which we all know these wall street geniuses have bought and paid for from our duly elected representatives. Even using his rules the unmentioned banks have more than his rule even allows for. I know I've emailed all of my friends advising them to buy real silver even if only one ounce at $17.48. Like the guy wondering above what happens when the settlement date comes and those guys are short? My worst fear is that this Obama schmo will bail them out with taxpayer money!!!!

Niall Ferguson: Dollar Is Doomed, U.S. Empire Is Finished

Once again I'm reading the words "doom and gloom" and once again I'm stating I'm not a doom and gloom'er. I'm just defending my position against the obvious inflation that I believe is already under way. The mezmerizing machine in DC thinks because they altered the way inflation is calculated so they could rip off old folks on fixed incomes means that it doesn't exist. I even heard one of their operatives on the FOX business block suggest the old folks should not get a flat $250 but should give back because of "deflation". This talking head moron forgot to tell you that even though social security didn't increase the medical insurance benefits did. In fact so did college tuition. So have groceries. Yes gas is $1.00/gal cheaper than a year ago but has been steadily rising over the past 7 months. Someone slipped up and released the August wholesale prices and they were up an annualized rate of 20.4% so I've been waiting for the September wholesale prices which for some reason haven't been reported yet. I wonder why. We are getting so many lies out of washington and absolutely absurd behavior from our elected officials I for one believe in the golden rule. He who owns the gold makes the rules and if these overpaid wall street greedy pigs try to take over MY country I want to hold the gold.

Silver Futures Show Markets Are Acting Strangely

I say beat the b@stards at their own game. Buy and hoard as much real silver as you possibly can get your hands on and force these danged manipulators to come up with the goods at settlement time!!!!!!

Does the Good News Point to a Market Top?

I agree with you on gold and silver with one caveat that being a large inflation figure. Our government as well as most of the rest of the world is printing money so fast it is very hard to factor in the sure to come inflation figure. I'm expecting it to be higher than any other inflation than I have seen in my lifetime and I bought my house with a 15% mortgage!!!!!!

The price rise in oil is not immediately showing up at the pump as it has in the past. I still paid $2.35 this week. When it hits $3.50 inflation is upon us. In my area of the world the oversized vehicle is still abundantly prevalent on the roads though the newer ones are more fuel efficient they are still much less efficient than a compact car.

I do expect a correction but the sell reinvest window might be the smallest one yet.

Largest Gold Reserves by Country

Previous articles have pointed out thru clever book keeping many gold transactions are shown as being on hand on a sellers balance sheet as well as on a buyers. Also the gold funds have options trading which allows people to buy and sell huge sums of gold without ever having a single ounce. Its loose trading rules like this that got AIG into the mess they are in and its only a matter of time until the PAPER GOLD market causes its tsunami. I'm still a small part of the GLD fund but have slowly begun converting to actual gold to cover my butt when the paper tiger is torn to shreds.

Silver: Commercial Short Positions Continue to Rise

I'm playing silver a little differently from gold. I've been a coin collector for as long as I can remember. Since dealers are opting to sell silver bullion as bags of unsorted silver coins I have slowly been purchasing them. After I made my initial purchase of washington quarters I learned that there possibly were, and my bag had some, dates that were worth far more as a coin than for its silver content. This was a win win situation. It was like getting a bag of quarters out of a vending machine back in 1967. One caveat - count your purchase manually. They sell them by weight but count them with an auto counter that has come up short 3 times out of 5.

Is Ben Bernanke Ruining Indian Weddings?

Wake up India the sky is not falling. Gold (true money) is finally adjusting to its worth. This is not a bad thing in that those that have gold jewelry will get more for it and those buying it will have more stored value in addition to something to be gaudy with in public. As the article points out the rupee is doing well so more expensive gold isn't so bad in India. Now here in the good old U S of A the dollar is crumbling and the jewelry is rising which interprets into only the rich can afford to be gaudy in public. Don't worry some schemer will guild tin with gold leaf for those that have to be gaudy.

Beware Fortune Magazine's Gold Warning

I couldn't agree more with your article. I do have a small correction to add. In between the highest prices paid ads are now appearing the former head of the US gold supply advocating the purchase of at least some gold for your portfolio. In addition there has been a long running radio ad selling gold which is why I was able to get in at the $600 level.

As to chap08 warning of government confiscation of gold I would like to point out that I attend as many TEA parties as I can and I am noticing that more and more people are showing up and the speakers are angrier and angrier. I also go to gun shows and have noticed crowds and buyers are growing like crazy. Look in any Lowes or TSC and you will see gun safes selling like crazy. Any attempt to confiscate gold could and very likely will trigger a civil war.

Gold: You Can't Sell High If You Didn't Buy Low

I couldn't agree with you more. From my previous comments you know I am very PRO GOLD. One thing I learned about the nature of gold is that it does not go straight up and it does correct down rather quickly when it does correct. (as an aside I might add that I believe the manipulators are responsible for the rapid downs) I found this trait to an advantage to take profits and reposition at an even lower rate. I know I run the risk of being caught in the switches should a full stampede ahead occur as what happened yesterday. Fortunately I wasn't this time. It is my belief that gold is trying to anticipate and track expected inflation. Did the 20.4% aug wholesale price increase indicate the inflation was upon us? It is still too early to tell. How rapid will this inflation be and how high will it go only time will tell. If gold gets too far out in front or if Benanke finally raises interest rates the gold march could be halted. I say keep buying gold on the dips and don't be afraid to take some profits if it seems to get over bought for the current time frame.