fuzzywzhe

Is This the Death of Gold & Silver Stocks? Part II

To Kunst:

Abraham Lincoln's SOLE aim was to keep the South from withdrawing from the Union - something they were entirely entitled to do.

Abraham Lincoln initially supported a failed 13th amendment which would have guaranteed the right of the southern states to permanently allow slavery. This was the Crittendon Compromise. Lincoln in his inaugural address said he would support it.

Read his inaugural address:

www.bartleby.com/124/p...

He is *not* the man we were taught about. He put newspaper editors in jail for writing articles critical of him. He was a damned fascist although, after killing more Americans ever killed in a war through a Civil War, he did manage to eliminate slavery.

You don't learn anything in school about history, you learn propaganda.

Dichotomy in W. European Gold and Silver Prices

gigem, apparently you don't realize how difficult it is to take delivery. Most brokerages won't let you do this. The fact that you have to buy 5000 ounces for silver and 100 ounces for gold knocks most people out of this market.

Also, dealers don't keep stock other than small amounts. You'd know this if you ever bought gold or silver. When you go to a dealer to purchase a metal, they immediately call a broker, and make a deal with them for delivery.

I'd also like to point out that if every American just bought 1 ounce of silver in a year, that would be the entire years production of silver on the entire planet. It's an extremely rare metal, and people are starting to realize this.

Gold, Silver and the Great Unwind: No Conspiracies Here

I had to comment on this:

"Pul-lease! ENOUGH of the "Gold is Money" claptrap!"

The US dollar is the longest lasting paper fiat monetary system that's every existed. You know how long that's been running?

Almost 40 years.

You know how long gold was a monetary standard before that?

5000.

So, which do you think is the aberration? People often make the classical mistake that whatever time they currently live in is the "normal" time. We're in an exceptional time. And exceptional time that won't last.

You know the saying that the majority is wrong when it comes to financial markets? What do the MAJORITY of people think about gold? Do they think it's money, or simply something tin foiled hat nutzos think will become money?

And for the record, the dollar has been tied to oil, which is why it has any worth at all. This was done by the Carter Doctrine and the Reagan Corollary. The US gave OPEC the uncontested right to exist, as long as they traded only in US dollars. This system started to break down when President Cuckoo Bananas and his predecessor started making threats to an OPEC nation - Iraq. Hussein started converting his country's economic surplus to euros. Of course, since the war, this has all been reversed.

Guess which other 2 OPEC countries have done this?

One is Iran, and the other is Venezuela. Of course, I'm "crazy" to think the US is threatening them because of their monetary decision, naturally it's really about nuclear weapons and communism, but we don't seem to have any problem with North Korea having nuclear weapons, or with China being communist - in fact, we let China buy as many Treasury bills as they want.

The biggest lies aren't hidden by conspiracy, they're hidden by incredulity. It's obvious what is going on, it's just so blatant, you can't believe it.

Precious Metals Manipulation: Lawyers Prepare for Battle

To you naysayers.

I remember Morgan Stanley's lawsuit. There's a PRIME example of an actual conspiracy that was uncovered. Morgan Stanley had been taking money from investors, claiming to have bought silver, and charging these investors for storage fees on silver they never bought.

And this went on for *DECADES*.

Nobody talked about it, it wasn't insiders that exposed it, it was an outsider that demanded to know what the serial numbers on his silver bars were who was prompted by Ted Butler to do so. When Morgan Stanley wasn't able to produce the serial numbers, this investor brought them to court.

There's a lot of conspiracy theories that are wrong, but they aren't all wrong.

When Butler wrote articles urging people to actually verify that 3rd parties were storing precious metals, he was called nuts, a conspiracy loony, everything in the book.

But he was right.

He might not be right about everything, but people who are dimissive about the possibility of dirty dealings are just 3rd party colluders. Dirty dealings happen all the time, and it's your duty to expose them.

There's a lot of people who believe Fort Knox doesn't have any gold left in the vaults - because there hasn't been an audit for 50 years. How do you know the government is telling the truth when they assure the public all the gold that was taken from citizens in the 1930's is still there?

Because you trust this government? This government that has lied us into war, that conducted operation Ajax and PBsuccess, that had the Tuskegee trials? That at one point was considering implementing Operation Northwoods, that lied about the Gulf of Tonkin incident?

I have to ask you naysayers, are you entirely ingorant of history, or are you just stupid?

What's Going On with Precious Metals?

Yes, you should be buying at these levels. I entered the market of silver at $14, and sold on a stop loss of $17 after it retracted from $12. I've re-entered at $13.

I should also note, I've sold none of my physical coins holdings, and I likely never will.

Enjoy These 'Dollar Days' - But Will They Last?

In a country:

* that spends $600 billion a year on it's military (that's more than the rest of the world combined spends on their military) and is still unable to win 2 wars in 2 spitoons of a country in the Middle East


* that has a 20 trillion dollar obligation to pay out to the Worst Generation - the boomers over the next 30 years in SS and Medicaid.

* that has a national debt of 10 trillion dollars, and absolutely no way of paying it back

* and it entirely dependent on outside foreign energy...

I really don't expect the dollar has any fundamentals going for it, at all.

And let me point out that the very foundation of our monetary system is based on housing - nearly all the money you send to a bank is invested in mortgages in some way or another, and this is done in a fractional reserve banking system where the fractional reserve is just 10%.

The panic has yet to begin in my opinion. But whatever, live it up while you can. I guess ignorance is bliss.