capt Brian

Gold and Economic Freedom: Reinterpreted for the 21st Century

Are you seeing a lot of people coming in selling the metals? Ifso, then they are needing money in your neighborhood. This is a recession, folks are scared like me, and not being as stupid with their money as they were. Again, are they selling gold and silver to you?


On May 10 07:23 AM fatcat wrote:

> Retail demand for gold jewelry is the worst ever seen.We operate
> a jewelry and pawn business in a small city of 25,000.We probably
> sell twice as much as the next biggest competitor,in a average year.
>
>
> Yesterday,the day before Mother's Day,we had Zero sales...nothing,notta....
> day long...
>
> Sales are down 75% in 12 months.The only saving grace is scrap gold
> buys,which are up over 300% for the year.
>
> I don't know how to interpret what the lack of retail demand has
> on gold prices,but I can assure you that high gold prices is killing
> demand.
>
> A number of jewelers will be closing their doors this year..

Gold and Economic Freedom: Reinterpreted for the 21st Century

Excellent article, well written. Rarely do we meet at the end of the article with a conclusion one can use, but usually leaving us to figger out what else is missing. Good article.

BUT, there are a few points I cannot figure out. If we are headed for financial collapse, economic dark ages, food riots etc etc... then where does that leave folks like me?

I have been a careful planner all my life. I have saved, bought a little real estate, have a good business, and save for a little bit of debt, which I can pay of with cash reserves, I am (was) ready for retirement. NOW, I see a different picture emerging.

If folks like you are correct, then my dollars will become worth less or even worthless. Where does that leave my rentals which are both in 'great areas'. Both are paid for, as is my home save for a small home equity loan, which I could pay off. I have some "convienience debt' (debt where I can pay it off) and am paying it off now, actually, by the end of this year, I should be debt free, in cash in accounts waiting for some direction for the 'markets. I have a lot in precious metals and well, I am wondering if I am going to lose my properties, and my wonderful business seems to be recession proof, but not so sure about depression-proof.

In short, my credit rating is high, cash reserves high, have about a 75% in hard assets, like R E, PM's and cash. NO stocks at all....

I am short FAZ, long gold silver and plat.

any advice, I am getting scared

Capt Brian

The Lost navigator

Is the Market Rally for Real?

Great strategy. Prudence is usually rewarded. I for one concur with the author. In fact I have a teeny short position in FAZ and a nice spot in PM's physical, and NO other stock at this time.

I think the rolly coaster is at the top and is gonna begin any day now, an interesting plunge to new lows. Just after the new lows, when everyone cleans off thier dinner, I have no idea, Not looking for a recovery for a while

Capt Brian

Financial Times Exaggerates Central Bank Losses from Gold Sales

Good article. For those who can read properly, [for some reason he {the author of this article} and no one else speaks plainly].

I guess what he is trying to say is the banks are hiding something from their public. Gee, would the banks do that? Nah h h hh

why would they?

everything is fine.

god help America.

A Coming Flood of Equity Issuance, aka The Dilution Solution

blind leading the blind, Have not heard any advice, just will should could would.

not nice things coming. I am gonnna print out all my comments, and make a book. I think I am gonna be real right, and with any luck at all, I will be dead wrong about the coming storm.

The lost navigator

Capt Brian

The Worst Case Scenario (Someone Has to Say It)

gasp wheeze.... I have read a bunch of these responses, [comments], and they all have some merit. I guess I am the only one who feels there ARE answers to our troubles, and they are not all that hard to accomplish, should one want to do it. ('One' being the citizens of this still great counrty, regardless what some may think)

I suggest this. Let's all consider the worst. The doomsday senario written here is about the worst situation I have ever seen this side of Steven Speilberg. (sp)

Okay, let's say it all gonna collapse upon us. In fact, lets say it already has, and we are in a Twilight Zone senario, such as Rod Serling proposed on occaision.

So, what do we do to pick ourselves out of the mud? OR do we just roll over and die, and let the dogs or war eat the spoils, feed on our carcases, strip our farms, take our homes for kindling. Ad nauseum.

Or do we look at (pretend it has already happend). So, what to do?

I have always covered my tracks in front of me, saving, learning, being honest, and helping my fellow man whereever and whenever I could.

I suggest we form a group to be after saving what we have. Much easier than starting from scratch. Go back to the writings of Thomas Jefferson, and our founding fathers.

Only thing I can say to do is see about the Constitution party, and go back to the old ways, and put crime in the place it deserves to be, and I mean all crime especially those who spit on the public trust.
We can do it, so let's do it before a collapse happens.

Capt Brian
PS If I see a great agreement with this comment, I will come forward and work on it. If I see no response to the positive, or a lot of negative responses to this comment, then I will shut up, and slink back into my office and trade gold and, well, my dollars for gold, and never be heard of again.

I hope this author is insane, but something tells me, it is a warning from Hell, saying, don't come here.

Capt Brian

Book Review: Great Depression Ahead

percentages of young immigrants will take years to get to a spendinglevel beyond a new (used) pickup truck, candy and adornments to the body to show their new wealth. we have to go thru a 'period'.

be careful

On May 08 08:20 AM Cetin Hakimoglu wrote:

> Sorry, but I disagree with your article regarding the demographic
> analysis. There is a huge influx of young consumers in the United
> States from foreign countries who are contributing to the economy
> and compensating for spent boomers. There will be no appreciable
> showdown in consumption in the United States that can be attributed
> to demographics.

Dollar's Purchasing Power Annihilated - The Chart They Don't Want You to See

You have all lost sight of reality. I quit reading the coments. What Americans fail to notice, that up until the criminals in the banking industry chopped our heads off, and the politicans ran rampant thru our wallets, even with all of that, we are a people who have learned how to enjoy life.

Now there is a group that thinks we should feel guilty, [like Bufffet, and a few other billionaires] for doing so well.

I puke at the people who blame the worlds problems on the wonderful Americans who have saved them from tyranny and hunger etc etc for a long time now.

I am gonna quit this short diatribe because It will do no good.

Just one final thought. Where will the world be when America is gone? What will it be like when there are 8 islamics being born for every christian? What will it be like.

I guess I will call it the "new Dark Ages", it will not be pretty unless the real Americans talk softly and wield a huge stick NOW.

Oh forget it, u r too busy allowing the politicans to give us away.

rant rant rant

Wall Street Breakfast: Must-Know News

Duh h h h h h man what a perspective, not real helpful but have fun anyway and sell all your gold so you can buy more stocks.


On May 08 09:34 AM winindthedust wrote:

> Other people's pessimism is our positive (something Buffet said?)
>
>
> Anyway, buying on the dips, and holding the horn- the bears are playing
> into our squeeze, covering their shorts, forcing the rally to continue!
> Thank you bears!
>
> It's going to be a fruitful summer for a bull market.

Bullish on Silver, Less So on Gold

Sometimes I want to swear, or use swear words. Silver, Gold, Platinum and palladium is NOT hard to get, I can get silver any time I want for 1.39 over, and in fact actually for less than a dollar over if u are not too picky what it says on it, but it is a known mine, and well marked, no risk of it not being .999. I, in fact, continue to find sources with cheaper and cheaper silver etc prices. NO I am NOT gonna tell you where, until I have had my fill, THEN when I am fin'd buying I will tell you.

Give me a thumbs down on this, I don't eat thumbs, so if you take points away, I will not have my lifestyle changed. I am simply trying to help here, not win a prize for the _________est in town.

Keep searching, and try to get involved with the Constitution party,or at least read about if if you care to help save America from the depths of no history. Man, WAKE UP!


On May 07 10:23 AM Kristjan Velbri wrote:

> Well, the only explanation that I know of is that the mints themselves
> have had trouble with acquiring physical silver.
>
> On May 07 10:03 AM Vuke wrote:

The Silver Lining of Gold Fever

And always will be, Hell, it may be the new global currency that Russians and Chinese want so bad, why the heck do you think China has doubled is reserves recently?

not enough gold to do it, well, perhaps China will set the silver standard for the world, wouldn't that be a hoot.
look into currency swaps that China is doing to go around buying dollars to use with countries. Nice plan to torpedo the dollar while our government is more interested in saving the money it takes tot run a navigation system (loran) so they can give the money to poor people. Who will begin to use it wisely, although they never used a dime wisely in their lives.


On May 06 10:12 PM chux08 wrote:

> The cheapest silver bullion in relation to any premiums charged is
> still good ol 90% U.S. coinage, more commonly known as junk silver.
> In fact, I just sold some Yamana and Silver Wheaton shares for a
> nice profit and decided to buy a "half a bag" (about 357.5 Troy ounces)
> to hold a little closer to home and until the future is a little....clearer.
> Oh, I like the producing miners but everyone should have some of
> those miners' final product stashed safely somewhere. Think about
> this: Why not hold some 90% silver legal tender that still happens
> to be....money? (Even you paper dollar fanatics should understand
> that.)
>
> That last comment was used to incite comments from those that DON'T
> hold precious metals, as we who do, already know that gold AND silver
> IS REAL money....and always has been.

The Silver Lining of Gold Fever

Man, again, I wish all of you would go back 20 years, and look at what was being said about Gold, silver, and the ratio.

What I am reading now is the same thing, but now more powerful than before. Before, was sales tactics or very wise men. I think sales men if u want my guess, but by default, I think they did not know how right they would be, took a lot longer than perceived, but I think it is time now. Get ready for the storm.

I was selling Mocatta Gold and Silver options ( and yes even platinum) more than 20 years ago. I have coins from those days when silver was so cheap, the boss would bring us a Mexican una onza plata pura and toss it on the desk for making a sale. I usta give them to the waitresses at a local restaurant for a tip. ONE ounce of silver for a grin. yup. Then things started to happen, I quit giving them away, quit being a broker, and started my own lil business, and within two years, [18 years ago] I started keeping physical metals, and still have them. I have not sold one ounce of gold silver or platinum in all this time, (save for one of the new gold Buffalos I replaced later at the same price and made $300 on it) [that was a week ago] In November I began trading leveraged account silver at a known name brokerage, made 859% in less than 3 months, and took the money back and began to buy silver and gold since then, (Jan, '09), now platinum, now PF 70 coins, and I want more silver. I buy on dips and happy as a lark when silver and gold take another bath, as I continue to buy more.

grins to alla u

Capt Brian, navigating thru the storm

Gold, Silver Rise on Stress Test Failure

I hope you have just escaped from an insane asylum, I hope you are an idiot. I hope you have got more loose screws then my lawn mower.

But, I am afraid, I escaped from the same lunitic asylum. I hope we are totally wrong, but 2 years ago, [at least] I sold all my stocks and I mean ALL.. step one okay, 18 years ago, seeing this BS coming, I began go buy physical metals. I have lost another $5000 trying out FOREX, (Disaster central), and now I JUST made money shorting the mkt with QID (in a bull market). I am in FAZ, and holding, I this thing is gonna fall backwards on itself like a guy with a ladder at the wrong angle 'cause he was too lazy and in too much of a hurry to put it up correctly.

"Honey, I shrunk the market"!

The Capt.

Gold, Silver Rise on Stress Test Failure

better late than never,

On May 06 09:11 AM Sakata wrote:

> I am slowly coming to the conclusion that I like the way the economy
> is going. These phantom rallies, these market manipulations, these
> bad banks: all are playing into the hands of those who have solid
> positions in the mining and metals sector, A prolonged secular bull
> market in gold and silver is the inevitable result and those of us
> who can afford to sit it out are laughing all the way to the vault.
> (I'd normally say laughing all the way to the bank, but that seems
> somewhat inappropriate here.)
>
> Of course, I realize that not everyone is as well positiioned as
> most readers of this article will be. Many will suffer because of
> the crooked manipulations. But sometimes it is hard to take a altruistic
> viewpoint when you know that you have made the right decisions at
> an early stage. I just wish I had got in back in 2000 instead of
> delaying for a few years.

GATA: U.S. Government Suppressing Gold Price

I have been hearing the same old songs for years and years. Go back, read any newsletter that makes money if gold and silver go up. Yes it will go up. Yes it will go down. JUST like anything else. What everyone is searching for is when.

It doesn't matter. Go with the flow. Don't try swimming against the current.

When the mkt is in such disarray, it is time to get into cash, and stay put quit worrying about it. Study, listen, learn, observe, BUT stay out until there is a current you can swim with.

I am in cash, physical metals up to my nose...(but not over 10%) of my net worth. I simply don't think the "market" has repaired itself because the government is saying so. In fact, what ever they are saying, I would be bent to go against it. (Investment wise)

Take a deep breath brother, whether you are on my side believing in inflation in the 10 - 20% per year starting now, or you think Obamma and his crew have it right for the recovery I am not gonna argue with you.

BUT, I will say, if you prepare for both eventualities, you will be in the few people grinning. You will feel when you are properly postioned. A calm will fall over you, food will be eaten slower, drinks last longer, and other things will begin to emit aromas or pleasure not stress.

Pay down your debt, sell ALL stocks, (maybe a short, try (QID) or even (FAZ) if u need some excitement) but for the rest, call a Met life guy and buy a 3 year def'd annuity paying 7.25%, compounded, and if the mkt goes up, so will it. if it goes up more than 7.25 from your purchase date, so will it. And it will ratchet up so no losses of gains are possible. * check out small print about anniversary dates etc.

Happy hours to you.

Capt Brian