jhm47

Ron Paul Confronts Fed About Gold Dealings

There is NO WAY that a meaningful, in depth audit will ever occur. They may audit the "coffee cans" that the employees have in their break rooms to buy coffee filters and snacks. To even entertain the notion that there would ever be a true audit, conducted by an independent firm is ludricrous. IT AIN'T GONNA HAPPEN!

Is Black Gold Worth More than Real Gold?

Since Obama, Reid, Pelosi, et al will not allow oil drilling or exploration, I believe that oil will soon become more precious, at least till the 2010 elections begin to change the makeup of congress. However, I would not bet against gold, with our printing presses rolling off trillions of $ nonstop. Inflation is a certainty, how soon is the question. Where's the birth certificate???

Silver's Strength Waning

I'm beginning to think that the short-term outlook for silver is bleak. However the long-term is very bright. When you have some of the largest banks in the nation using their multi billion $ sledgehammers to illegally (and with the CFTC's compliance) hammer the price of PM's all the time, it's pretty hard to overcome them. But---I do firmly believe that the general public will someday wake up and overcome the power that the big banks currently wield, and silver and gold will then skyrocket beyond our wildest dreams.

When the public realizes just how destructive this Hitler wannabe's (Obama, for those of you on the coasts) policies will be to our economy, I believe that there will be an awakening the likes of which we have never seen. We may be organizing lynch mobs to hunt down those who have "hope and change" stickers on their hybrid cars.

Socialized Medicine Is Coming

Yes, let's call it "free dumb care". If you consider being put on a waiting list to be "healthcare", Obama and the dems have a great program for you.

Tort reform (loser pays) would be the biggest boost for healthcare that we could ever imagine. However, the trial lawyers are huge contributors to the dems. It will never happen just for that simple reason.

I happen to have several family members who are physicians. They tell me that they have to do many tests and procedures in order to undertake the simplest procedures. The reason is because they and their clinics/hospitals are scared to death of being sued by ambulance chasing attorneys.

Socialized Medicine Is Coming

I have worked on an ambulance crew for over 20 years. The absolute WORST hospital that I visit regularly is the VA hospital. If this is an example of government run healthcare, we are in for a real mess. I wish all of you who are championing a government run system could see what I've seen. Uncaring doctors and nurses, unsanitary conditions, and run down facilities. Not what I want!

Will Silver Start to Outperform Gold?

One of these days (and I would never presume to predict when), silver could take off like a cheetah with a tabasco sauce enema. On the other hand, if deflation takes hold, it could sink like the Titanic. However, with these trillion$ being thrown around like confetti, I think that inflation is nearly a certainty.

I will continue to hold what I've got, and add to my position as much as I can. Even if silver should tank (very doubtful), I've got lots of silver coins that can't possibly go below face value. In these times of total monetary chaos (inflation, deflation, stagflation, government flatulation) anything is possible. It's going to be a looooooong four years!

The Manipulation of Gold and Silver Prices

With Obama, Reid and Pelosi in virtual total control of our government, we are going to be in for at least four miserable years. I truly expect to see $10-$12 gasoline within the four years that Obama and his liberal leaders are in power. Food, and every other essential product will follow suit. Taxes will be raised to unheard of levels (there is already a scheme to raise the gas tax by $1.50).

Buy land---learn to raise your own food, and have a means to protect yourself from those who are going to be hungry and desperate.

Good God, I hope I'm wrong!!!

Preview from Europe: Market Rally Was Running on Empty

American cars are much better than they are given credit for. Our Deville gets 26-30+ mpg on the highway, and our repair costs have been $0 in the 2+ years we've owned it. For a "big" car, that's impressive, and many so-called economy cars cannot begin to touch it. However, the GM execs have to get their poop in a group, or the company will fail. Union workers need to make concessions too.

Oil Heading for $150 a Barrel, Gold for $1500 an Ounce - Merrill

Bosunj: You really must remember to take your medication each day.

Oh---and whatever third world utopia you're living in----stay right there!

I truly hope that someday you will be able to put your hatred of the USA behind you. It must be terrible to be so filled with hatred as you are.

One last thing: This rant in one of your posts above, "Either way, Ameristan is about to get its Karmic due very soon. A year from now there will be less than half of American'ts alive. Those that survive will suffer greatly." could easily be considered a terrorist threat. You really should be more careful. God Bless America!

Silver: Gap Between Paper and Physical Prices Widening Daily

I went to a large coin/metals dealer in Fargo the other day. They are totally out of silver, and don't know when they will get any. They plan to take delivery of some contracts. This "squeeze" will even out someday, and possibly not too far in the future.

Bullion Shortage and Spot Prices Tell Two Different Gold Stories

I went to the largest coin/metals dealer in Fargo yesterday and tried to buy some silver. They were completely out, and have no idea when they might be receiving some. They have a LOOOONG waiting list of people who want to buy. And---they will be taking delivery of several futures contracts when they expire.

What does this mean? I'm not very savvy about these futures markets, and wonder if it's possible to buy a mini contract and take delivery. Anyone out there with experience on doing this?

How Oversold Are We?

Sure glad they haven't built that fence between the US and Mexico yet. I might wanna go down there and get a job someday if our economy stays like this. Hope they are as friendly to illegal aliens as we have been.

The Bottom's Within Sight - Barron's

Today, the "elite" bankers from all corners of the world congregated in Paris. They arrived in their polished limos, and looked dapper in their $5000 suits. Their $250 haircuts and $100 manicures made them look and feel like the elites that they fancy themselves to be. They entered the posh confines of a five star hotel, and likely dined on a sumptuous lunch before jovially congratulating each other on their exquisite plans to "rescue" the world's economy.

In reality, these are the same overpaid, soulless parasites that engineered this crisis, and we are the "slobs" who are privileged to bail them out of it.

I, for one, feel very confident that they will be concocting a plan to make the lives of all of us slobs much better in the near future. NOT!

Examining the "Unprecedented Demand" for Gold Eagle Coins

As I write this, gold is down about $27, and silver down $1.33. The Dow is down over 400 points. Does NOTHING make sense anymore? How can the stocks be tanking like this, the dealers are virtually out of metals, and the futures are down? There just has to be manipulation by some "biggies" that are powerful enough to remain hidden from public view. This will eventually come out, and in the meantime, I'll hold my metals, and try to find and buy as much more as I can afford. May God bless America!

Higher Bills for the U.S. Means Higher Gold Prices

Karl Denninger proposes some very drastic solutions, but I think they would work. The problem is that the entrenched politicians currently in power will NEVER begin to consider them. The ruling class is so busy getting re-elected, and lining their own pockets that they have absolutely NO reason to change the status quo.

And---those of us who do understand the problem that is currently facing our beloved country are in the tiny minority. The vast majority of Americans are far more interested in Dancing With the Stars, Days of Our Lives, the Packers/Cowboys game, and the Red Sox/Yankees than with what is really important. Until this changes, we will continue to be in trouble. God bless America!